davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-01-17
new YORK COTTON
By the Associated Press.


NEW YORK, January 16.-Fluctua-
tions in cotton were confined to q
range of to points today. May
reacted from 1886 to 1888 and closed
at 12.45, with final prices / to points
higher.
The market also opened higher in
response to steady Liverpool cables and
trade and foreign price-fixing. Con-
tracts were supplied by scattered week
end liquidation while fresh interest
was restricted in the absence OF new
developments.
Prices reacted several points from
initial levels, but turned steadier in
the late trading on spot house and
cooperative buying. A steadier tone
in the stock market helped sentiment.
Cotton on shipboard awaiting clear
ance at the close of the week was
estimated at $4,000 bales against
12l, 600 last year and II 900 two years
ago.
Evening star., 1937-01-17
RAIL ORDERS PLACED.

NEW YORK, January Is R1.-
Railway equipment orders reported
today included two locomotives from
the Baldwin Locomotive Works for
the Guayaquil & Quito Railway, 200
hopper cars from Pullman-Standard
Car Manufacturing Co. for the Chi
cago Great Western, and five de luxe
coaches from Pullman Standard for
the Bangor q Aroostook. North
American Car Corp. has inquired for
200 refrigerator cars and the Chat
tanooga & st. Louis has issued in
quiries for 500 boz ears. -
Evening star., 1937-01-17
BUSINESS SHOWS
LITTLE REACTION
Balmy Weather in East
Slows Up Movement OF
Winter Apparel.
epecial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January l6.-busineSs
reaction to the urfavorable factors on
the horizon has been fairly mild SO
far, reports Business Week.
Steel mills reduced operations only
slightly, despite the strike situation
at General Motors. Trade observers
feel the current level is likely to be
maintained over the next few weeks
unless the strikes and shut-downs
become long drawn-out affairs or
spread to other plants.
Cold weather in Western States
ieopardized the citrus crop Of Cali
fornia but stimulated the sale OF
Winter goods.
Continued balmy weather in the
East slowed up the normal movement
Of Winter apparel
Steel Mills Active.
So far steel production is going along
at about 80 per cent capacity, rep
resenting the best January since 1929,
when the average was IS per cent.
Having Just completed the best De-
cember on record, which brought the
years tonnage to 46,9l9,36 a 40 per
cent increase over 1885, and the best
year since 1929, the steel industry
asks only for industrial peace to add
another notch to its recovery record.
Railroad, structural and miScellane-
Gus steel consumers are getting atten-
ton at the moment, now that pressure
from Detroit has relaxed.
There is no questioning the fact
that the labor problem dominates the
business outlook for the coming weeks
and year. Lewis has already threat
ened the coal industry with trouble
II negotiations looking to a satisfac-
tory renewal of the union agreement.
which expires at the end of March,
are not undertaken.
Steel interests are keenly aware
that a Lewis victory in the automobile
and coal industries means that they
are next on the list.
Curtailment Feared.
II the General Motors deadlock is not
lifted soon and If relief from glass
shortages is not forthcoming produc-
ton in motor and motor parts and
accessory plants will have to be cur
tailed. A number of tire producers
talked of reducing operations this
week. and automobile advertising has
suffered. General Motors dealers are
being forced to push used cars. a
situation that will be all to the good
once the assembly line is in opera
ton again. Used cars are usually a
drag on the market during Winter
months.
The lumber industry has been hold
ing output, shipments and orders un-
der close control during the past year,
and in recent weeks shipments and
orders have outstripped production by
q considerable margin.
Based on reports of the larger pro-
ducers. 1886 production of lumber
ran Is per cent ahead of 1885, ship
ments were up "a per cent, and orders
were up q per cent. Advancing
prices are causing some concern to
those interested in a Spring boom in
home building.
Evening star., 1937-01-17
PHILADELPHIA PRODUCE,

poultry: Fowls. p. r.. fancy, iesSo: mixed
colors 17a1s: White Iesherns: lzal7:
ers, Is: pullets, fancy p. R.. 21a22: Reds.
I0a2O; roasting chickens. Rocks. 10:
Reds. IS. broilers fancy. .16a20: turkeys.
Dressed poultry UNCHANGED.
Eggs. B.006: steady extras. whites.
ana : eSS s2SM: No 3 and I. Sza.ssSK..
Trades, sSha24: mediums. extras Of better
whites. 2Sa2611: standards. 2424.
Evening star., 1937-01-17
HELP MEN,

fer YOU an unusual opportunity to get
into this fast-growing business with an
old and well-established concern. We
man man capable Calling on executives and
store owners. One who Is willing to work
hard and has desire to make money;
II you have an engineering background
or experience in selling machinery 1t will
be helpful This Is Q permanent year
around position with immediate employ
ment for the right man. Kindly write US
your Qualifications stating your expert
ence age, education and approximate In
sGme ..s.t e this ting Address Box ssS-w.
Evening star., 1937-01-17

cottonseed oil closed steady: bleachable
prime summer % yellow. ,il;l0,sO; prime rim:
March. i O6b: May, II .1ob; july. 11.17b:
September. 11.22b. Bid.
Evening star., 1937-01-17

The Four Aces will be plea sed to answer
letters from readers If q stamped t3-centI.
elf-addressed envelope is enclosed with
pocket outline Of 9Th The Four 1'I Aces sS system @
Of Contract Bridge, send with your re-
guest. q stamped G3-cent). self addressed
large-size envelope to the Four Aces Inc.
l30 West Forty-second street New York
City. and you will receive an outline
without any charge.
The next article In this series will ap-
pear tomorrow.
Evening star., 1937-01-17
More Than 5000
Due at National
Retail COnclave
BY the Associated Press.

NEW YORK, January 16.-More
than 5000 retail merchants and store
executives from all sections Of the
country are expected to attend the
convention at New York next week
of the National Retail Dry Goods As
sociation, officials of the association
said today.
The keynote speech of the sessions,
Solving the 1887 Problems Of Retail
ing in the Public Interest" will be
made Monday by David E. Moeser OF
Boston, president OF the association.
Evening star., 1937-01-17
COMMODITY PRICES

NEW YORK. January 16-The Asso-
ciated Press weighted wholesale price in.
dex Of 30 commodities today declined
to 90.32.
month ago. S7.T2; year ago. 1929.
RANGE of recent years:
Evening star., 1937-01-17
Cottonseed Oil.

Cottonseed oil declined 2 to S
points early today under liquidation.
Influenced by the disappointing action
of lard, but rallied on increased cover
ing and Eastern buying.
Final prices were unchanged to 3
points higher with sales Of l0l con-
tracts. Bleachable spot nominal;
March closed 11.48. May, 1l.57; July,
1852; September. 11.64.
Evening star., 1937-01-17
Spades AK
Hearts A @ Xxx
Diamonds XXX
Clubs Xxx

and passed. Declarer made his con.
tract. whereas East and West would,
of course. have made four hearts.
And now East gave his partner a
thoroughly deserved bawling out,
saying, 1T was very doubtful whether
or not my hand warranted a bid of
four hearts. After your deliberate
slow pass. knew l could make that
bid safely, but / refused to take
advantage of the information I had
obtained Illegally"
tCopyright 1881
Evening star., 1937-01-17
New Qrleana Prices.

NEW ORLEANS, January 16 AH.-Cot:
ton futures closed steady. net UNCHANGED
q, q u0intz higher.
Evening star., 1937-01-17
Spades Xxx
Hearts X XXX
Diamonds A Xxx
Clilhs A Y YY

South, the dealer. opened with a
presumptive bid of three spades. There
could be no question that Vests hand
called for a pass and that West knew
1t. However. West thought a long
while and finally passed. BY thinking
long while he was clearly telling
his partner that he, West. did not
have bust, but had some substantial
values.
Evening star., 1937-01-17
Winning Contract
Give-Aways.
BY THE FOUR ACES.

David Burnstine Merwn D. Maer. Oswald Jacoby. Ho
exstence)
Evening star., 1937-01-17

king Of clubs, in which case Mr..
Hymes would discard the jack of
spades and now lead . club from
dummy, whereupon East would be
forced to trump anyway.
THE play was really quite simple,
once East gave away the trump
situation by the manner in which he
played the ace of spades.
We want to take this opportunity
to refer once more to what We have
called 1.-The give-away double" which
serves to locate the missing strength
for the declarer. Now the declarer
is able to play the hand abnormally.
and either makes q contract on which
he would otherwise have been set. or
holds the loss to one trick when
otherwise he might have been down
two or three.
As corollary to the give-away
double we have the "give-away near
double" in which q player thinks
about doubling for a long while and
finally passes. This huddle in general
will give away situation to the
declarer just as much as the double
itself would.
The "near-double" brings us nat
urally into the subject of hesitations
in bidding and the so-called "slow
pass" Theoretically, bridge player
should make all his bids rapidly.
Actually, there are frequent occasions
which must call for thought. Some
times the problem Is whether to bid
or to pass; at other times the problem
is the choice of bids. When a player
does think q long while and then
pesses he is, obviously, conveying the
information that he is thinking Of
taking some action. His partner can
not help but observe this and ac-
cordingly is benefited, but If he is
an ethical player, will refuse to take
advantage of such a situation. When
he does take advantage of it he is
being unethical.
On the other hand, in our opinion,
if a player who has made a slow pass
has really had q problem. there is
nothing wrong in his thinking. But
the following Is an example Of q
nagrantly unethical slow pass. West
was vulnerable and held:
Evening star., 1937-01-17
U. s. TREASURY NOTES.

NEW YORK. January 10 R.-Prices
quoted In dollars and thirty-seconds:
AnnrnY
Evening star., 1937-01-17

IN THIS particular instance we are
glad to state that West was prop
erly punished. 1t seems that his part
ner held
Evening star., 1937-01-17
INSURANCE STOCKS

NEW YORK. January Is OP.-New York
Security Dealers Association:
Evening star., 1937-01-17

DISHWASHER and short order cook COL
ored; wages TO start S12 weekly; mist
have references. Colonial Coffee Shop.
and Pa
Evening star., 1937-10-13
j. S. AIDES Deny
M0RTGAGElA|MS
Tell Bankers Convention
Agencies Do Not Want to
Continue Lending.
BY the Associated Press.

CLEVELAND, October l3.-Mort-
gage bankers and guests attending
opening sessions Of the twenty fourth
annual convention of the Mortgage
Bankers Association here today were
assured by two high-ranking officials
OF Federal lending agencies that the
Federal Government has no desire to
take over mortgage lending in tha
United States.
Gov. William !. Myers, head of the
Farm Credit Administration, declared
the F. C. A. possessed neither the
resources nor the desire to establish
a monopoly for cooperative farm
credit. while Carroll B. Merriam, d.
rector OF the Reconstruction Finance
Corp, said lending agencies Of the
Government are anxious ito with
draw from the field when requirements
OF our people can be taken over
through private lending"
Myers pointed out in his prepared
address that in the last 10 months
the IL Federal Land Banks and the
Land Bank commissioner disbursed
upward Of $64. .o00. 900 for the purchase
of $4,000 farms owned by banks and
individuals.
"A reasonably stable and fair farm
price level Is the most important fac
tor In the operation Of a mortgage
credit system" he said.
Merriam, who In addition to being
an r. F. C. director Is also chairman
Of the board of the Central Trust CO.
OF Topeka, said the Federal Govern
ment is not in the lending business
to stay and is anxious to withdraw
when it feels private lenders can carry
the burden.
James w. Collins Of Salt Lake City.
the retiring president Of the associa-
ton, in his address disavowed any
quarrel with any administration but
declared private capital is able and
willing to finance all legitimate needs,
finance all necessary building and re-
finance existing loans"
Evening star., 1937-10-13
ADAMS new HEAD
OF u. S. BANKERS
Elected to Succeed Tom K. Smith
at Boston Session-Other
Officers Chosen.

BY the Associated Press.
BOSTON, October l3.-Orval w.
Adams, 53-year-old Utah banker, to-
day was chosen to head the American
Bankers Association at its annual
convention here
He succeeds Tom K. Smith of St.
Louis.
Philip A. Benson Of Brooklyn, N. Y,
was elected first vice president and
Robert M. Hanes of Winston Salem,
N. c., was named second vice presi-
dent.
There was no opposition to the re-
port OF the Nominating Committee.
Adams is executive vice president
of the Utah State National Bank.
For the last year he has been frs.
vice president Of the association.
The new first vice president Is presi-
dent and trustee Of the Dime Savings
Bank of Brooklyn. He is q native
of New York City and became as
sociated with his bank in 1917. He Is
a former president of the National
Association Of Mutual Savings Banks.
Hanes Is president Of the Wachovia
Bank e. Trust Co. Of Winston-S Salem
and is native Of that city. He is a
past president OF the North Caroline
Bankers Association.
Adams and Benson are Republi-
cans. Hanes Is Democrat
Evening star., 1937-10-13
PENNSYLVANIA OIL
PRICE CUT rs CENTS
By the Associated Press.

By the Associated Press.
OIL CITY, Pa, October 13.-The
Joseph Seep Purchasing Agency of
the South Penn Oil Co. announced
last night reduction of Is cents 4
barrel in the price of Pennsylvania
grade crude oil.
The reduction, effective today was
attributed to an oversupply Of crude
and reduced demand.
New prices quoted by the agency:
New York Transit, Bradford Transit,
National Transit Lines, s2.35; South
West Pennsylvania Lines, $2.05; Eureka
Pipe Lines. 81; Buckeye Pipe Lines,
sl.85, and Corning grade UNCHANGED
S127.
Crude prices were reduced % to n
cents q barrel last September 1.
Evening star., 1937-10-13
u. S. BOND HOLDINGS
OF BANKS INCREASE

BY the Associated Press.
+ NEW YORK, October 13.-Federsl
Reserve member banks In leading
cities stepped UP holdings Of Govern
ment bonds for the first time in more
than two weeks during the period ended
October 6.
Banking circles said the increase
rejected sharp gains in excess reserves
TO above the $1,000, ,ooo, 900 level and
subsidence of imitation fears.
Reserve members in 1O1 centers re-
ported holdings of Treasury obligations
as follows:
week ended October s, s7,sl1, ,0oo, 900.
Previous week, $7,s03 ,O0O. 900.
Same period last year, Sc, ,461 900 900
Evening star., 1937-10-13
$8,848,158 Earned
By Libby.Owens
in Three Quarters
b the Associated Press.

b the Associated Press.
TOLEDO, Ohio. October 13.-Net
earnings of the Libbey Owens Ford
Glass Co. for the first three quarters
Of 1897 amounted to $8,s48,15s. or
1888 per share. President John D.
Biggers announced.
During the corresponding period last
year earnings were $7,36o. $50, or 1894.
Consideration of the dividend to be
paid prior to the close Of the year
win come before the Board Of Direc-
tors at its meeting November 16.
NEW YORK, October 13 Especially.
Directors OF the General Tire g.
Rubber Co. have declared q special
dividend Of so cents a share on the
company's common stock, payable on
November 10 to stockholders of rec
ord as Of October %, It WAS announced
today by W. ONeil, president of the
company.
NEW YORK, October 13 R.-
American Telephone & Telegraph Co.
today reported August net operating
income Of $1,445,674 against 81 ,838, ,o24
In August. 1886, the figures covering
operating activities only, excluding
non operating income, such as divi-
dends, interest and other revenues re-
ceived, and incorporating charges,
such as interest and rents paid. Au-
gust gross was sa.6s5 ,os3. against s8,-
e98,7 in the like 1886 month.
For the first eight 1887 months op-
Grating net was s13,34l,8 1850. against
S14 4.342, ass tn the like period a year
earlier, and gross was S71,598,827,
against $70,4e5, 1855.
NEW YORK, October 13 fR.-
United Fruit Co. reported estimated
net profit today for the nine months
ended September 80 of $10,177O00
after charges but before incomes taxes,
equal to $3.50 a capital share. This
compared with an estimated net profit
Of SIC, 900. or $3.65 a share, in the
Like 1896 period.
NEW YORK, october Is (A1.-Stock-
holders of Chain Belt Co., Milwaukee,
have approved plan to split the capi-
tai stock on a basis of three shares for
one.
NEW YORK, october 13 (P).-Car-
riers g. General Corp, An investment
company, reported today net asset
value as Of September 30 of - a share,
compared with $l1S2 share on De-
cenber 81 last and $11a2 . share on
September 30, 1886.
NEW YORK. October 13 R.-
Cherry -Burren Corp, manufacturer of
machinery and supplies for the dairy
Evening star., 1937-10-13
REGISTRATION STATEMENTS,
By the Associated Press.

Registration statements for new secur-
tiles filed yesterday with the Securities
Commission included:
Casualty and Surety Reinsurance Co.
Of America. New York. S2,350. 900 Of SO
par value common stock. for capital and
surplus and reserves Underwater, T. n
Rollins and Sons, Inc
st. Anthony Gold Mines. Ltd. Toronto.
Ont. 3,3OO.V00 warrants for 81 par value
common. stock to stockholders far pur-
chase of common stock at 35 cents per
share and unsubscribed balance of stock
and DEVELOPMENT and working Capital
Underwater. Old Colony Securities. Ltd
Evening star., 1937-10-13
CURB LIST SHIFTS
|NNARR0W RANGE
Few Higher-Priced Issues
Break 5 to 8 Points-Some
Show Gains.
By the Associated Press.


NEW YORK, October l3.-Curb
stocks shifted narrowly lower near the
close today with the exception of a
few higher-priced issues which broke
s to points. There was fair
sprinkling of minor fractional gains
throughout the list.
While big board" stocks gyrated
wildly, Newmont Mining dropped
around points and Aluminium Co. fell
about 534, International Petroleum
was off point at one time and Amer
lean Gas d Electric, Electric Bond &
Share, United Gas, Gulf Oil, st. Regis
Paper and Pan American Anyways were
fractionally lower.
Up little were American Cyanamid
"B," Cord Corp, Creole Petroleum.
Great Atlantic &, Pacific Tea Co., Nc
Williams Dredging, and United Wall
Paper. Pittsburgh Plate Glass and
Sherwin-Williams kept even.
Evening star., 1937-10-13
q. S. TREASURY NOTES.
FOREIGN EXCHANGES.

NEW YORK. October Is dP.-Foreign
exchange nrm; Great Britain in dollars,
1861; cables 1864: 6O-day bills. 4.a5is'
Franee-aDemand: 3:357s; cables, 3.35 70.
Italy-Demand. 5.26i4; cables, 5.c6A.
free, 4o.17: registered, 2125; travel. 25. so:
Holland 55:29l2; Norway, 24.9O; Sweden,
switzerland. 23.O1Is; Spain. unq,1oter:
Portugal. 4.501a: Greece. O91Ia; Poland,
1921; Czechoslovakia. 3.50la; Yusoslavia,
Fumania, 0.76; Argentine. 33.05n: Brazil,
6. .s0An; Toxic. $3.50; ShanahaL % 65:
Henfkong, 81 07; Mexico City, 81. IS:
York. in Montreal, $685.. n-NoninAl
Evening star., 1937-10-13
NEW YORK SUGAR.

NEW YORK October 13 OP-Sugar fu.
lures we're lower today on scattered Iiuuida-
ton and renewed commission house selling,
influenced by the more liberal offerings in
the spot market. Prices had also decIined
earlier in London.
Price changes. however, were confined
to comparatively narrow limits No
contracts around the beginning of the last
hour showed net losses of l to "a points.
with March around I-12R. No 3 was 1
point net lower. with March at 2.2S.
Evening star., 1937-10-13
U. S. TREASURY POSITION
BY the Associated Press.

BY the Associated Press.
1.-The The position Of the Treasury on o.
RECEIPTS, s21,13e e3a. SIS: expendituros
S34'3I l,967 50; balance SoSIs sos
sqs55; sgs'55 CUSTOMS receipts for the month.
RECEIPTS for the fiscal year fsince .ru,v
D. ~ ;sol .6tS. "A "a: expenditures. SO :,
~ "a .529.I o3 41. Including s59}. lbs. SCI So
oI emergency expenditures: excess of ex
penditures. S3S2- -S91.o1e. OF: ar0ss Arht
80 aSd 534 ,49S Al. decrease Of 81. IA
.,o5 os under the Previous day: gold as
24O'S95.251.31 of inactive aoid.
Evening star., 1937-10-13
FOREIGN MARKETS.

LONDON, October 13 lR,-The stock
market closed strong and active with
demand for securities in practically Ill
sections OF the list. TRANSATLANTIC shares
maintained their earlier strength and
foreign bonds we're higher Industrials
were in good demand. especially tobacco.
rayon and shipping shares. Gilt-edged
YARIS-Industrial stock continued firm
in the Bourse although the remainder Of
the list was mixed. Rentes closed with
nst gains Of 25 to 40 centimes and Royal
Dutch moved 266 francs hisl1er Guez
Canal lost 95 francs. International H.
sues moved irregularly.
Evening star., 1937-10-13
BUILDING DROPS
BELOW YEAR AGO
September Volume Declines
2.2 Per Cent Under Same
1886 Period.
BY the Associated Press.

oy tIiC AoSOCl2teQ fIcSb.
NEW YORK, October 13.-Build-
ing construction permits issued in as
leading cities in September totaled
$00, TIC, 800, decrease Of I per cent
from August. compared with a sea-
sonally expected decline Of around
10 per cent, Dun g. Bradstreet re-
ported today. The figure was 90 per
cent under September year ago.
Permits for the first nine months
at 1851 sos ,258 ran 1875 per cent above
the like 1895 period.
While building Jagged in Atlantic
and central regions, sharp gains we're
recorded in New England and the
far West. Aggregate permits OF lead
ing cities by regions we're:
Evening star., 1937-10-13
Tot. q. g. $50, 40, 500 s8s, 500, is0- 2

1Uc u8CIO1Ml SBBIc8SVc WIZ uISB8cU
under . year ago by . 1874 per cent
drop In New York City. where Sep
tember permits totaled $14. .4S8, 718,
against 81. 1881 AL In September, 1886.
For the 2l4 cities, excluding New York
City, September permits were $72, ,222,-
082, an increase OF Ia per cent over
the s71,364,749 for the like 1896
month.
Boston permits for the first nine
months showed . jump Of 1905 per
cent over last year Other sharp
gains included Chicago, 7o.5 per cent;
Portland, Oreg., 52.6 per cent; Phila-
delphia, sos; Detroit, 38.6. and Mil
waukee, 346.
Evening star., 1937-10-13

8 Actual sales unit of trading 10 shares
bankruptcy receiverShtp
sct or securities med BY such
oursemnts based the last quarterly
included " ~ = - "A' ~Ae NV
Ex dividend Ex righta extra extras Paid
last year fPayable In stock Declared
year, Cash stock Accumulated dividend
Evening star., 1937-10-13
50 Tons of Lead Sold.

NEW YORK. October 13 R.-St.
Joseph Lead Co. reports so tons Of
pig lead from Southeast Missouri
mines sold Monday at $5.S5 per 100
pounds St. Louis.
Evening star., 1937-10-13
BOSTON WOOL MARKET

the bilk of wools withheld offerinrs ~
tooays wool market due to lack of mill
mteTeft. rnsf ODD lots sold at irregular prices
nsI hoIders ve ee1ow ,,I Levels at which prinei-
Evening star., 1937-10-13

industry. announced an extra dividend
OF Is cents and quarterly dividend
Of 35 cents on the common stock and
the regular quarterly dividend Of SIPS
on the preferred, all payable October
Is to stock Of record October 81. Prior
to the recent three-for-one split-up
the company paid 81 quarterly on the
old common stock. Principal plants
are located at Cedar Rapids, Iowa;
Baltimore, Little Falls, N. Y, and Mil
Waukee.
NEW YORK, October l3 R.-
Lehigh Portland Cement Co., Allen
town, Pa, reported net earnings for
the IL months ended September 30 Of
sl,289,928. after charges, but before
Federal surtax. equal to SLAP a COM
mon share. This compared with S2,-
207,863. or s273 a share, in the like
1886 period.
Evening star., 1937-10-13
MONEY RATES.

NEW YORK. October IS dT.-cal
money stesdy, I DEF cent all day; prime
cmmerciaI paper l per cent; time loans
steady. 0O-o0 days 1A; 40 months "
pr cent. Bankers acceptances UNCHANGED
Rediscount rate. New York Reserve Bank
l per cent.