davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-05-05
LAG IS MODERATE
At STEEL PLANTS
April Bookings Heavier Than
Expected After March
Record.
ey the Associated Press.

Ey the Associated Press.
NEW YORK, May 5.-New busi-
ness in steel continues to taper of,
but the decline is moderate, and
April bookings were heavier than
expected in view of record breaking
March tonnage and third-quarter
price stability, Iron Age said today in
the weekly review Of the industry.
Deliveries are easier on some prod
ucts, but backlogs are still extremely
heavy, equaling two to three months
production Of some companies, the
review said.
"The outlook for the remainder of
this quarter and for third quarter
continues promising despite the ap-
pearance of an easier delivery situa-
ton the trade publication stated.
Automobile production, continued
purchases of railroad equipment and
high rate Of tin plate output will
help to support Summer steel opera
tions Although building work is
making discouragingly slow gains, a
considerable volume of structural
steel was placed in April.
"A new labor threat is the principal
cloud on the horizon. Two large in
dependent steel companies have re-
ceived warning from the Steel Workers
Organizing Committee of the C. I. O.
that failure to sign contracts, similar
to that signed by Carnegie Illinois
Steel Corp. and some other companies,
may result in strike call. The mat
ter will probably come to a sharp issue
within week
Steel production for the country
is estimated at 80 per cent for the
current week. Indications point to a
continuation of output at around 80
per cent or hither during May at least.
The decline in scrap prices has
not yet been checked The Iron Age
scrap composite yielded to sl9,58, a
loss of S234 from its high point in
March,
Evening star., 1937-05-05
EXCHANGE MEMBER
BORROWINGS GAIN
Average Market Value of All
Shares Drops From $45,26
to S41.SO in April.
By the Associated Press.

By the Associated Press.
NEW YORK, May 5.-Total borrow
fngs against collateral by New York
Stock Exchange members increased
during April statistics showed.
Meanwhile, the average market value
Of all shares listed declined to s4l.8O
on May l from S45.26 on April and
compared with S35.74 On May l, 1896.
Borrowings against collateral by
members rose to EOS per cent of mar
ket value on May from 1856 per cent
on April /.
On May /, 1887, there were 1882
stock issues. aggregatIng 1886 ,653 .8s4
shares, with total market value OF
S57,962, 1920, This compared with
1882 stock issues, aggregating $780,
261, ,474 shares, with total market value
Of s62 ,467, 7,777,3 ,302 on April l.
On May l, 1886. there we're 1893
stocks issues, totaling 1,336,6s6. .499
shares, having total market value of
$47,774, ,402 ,524.
The stock exchange reported men,
Der collateral borrowings at the close
OF business April 80 of S7,197,279, 1874,
an increase Of s26,595,l7e over the
March 81 total.
Evening star., 1937-05-05
LOOnis Elected
Board Chairman
OF Lehigh Valley

By the Associated Press.
PHILADELPHIA, May 5.-President
E. E. Loomis Of the Lehigh Valley
Railroad Co. was today elected chair
man of the board and was succeeded
in the presidency by D. J. Kerr, New
York, who was assistant to the presi-
dent.
LOOMS also will be chairman Of the
Executive and Finance Committee.
LOOMS had been president of the COM
pany since 1917, when he succeeded
E. B. Thomas
The changes were announced after
the regular board meeting held at the
Offices here.
Evening star., 1937-05-05
DIVIDEND ORDERED.

NEW YORK. May (P,-Van
Raalte Co. directors declared divi-
dend of IS cents on the common stock,
payable June l to stock of record
May l8. On March ! the company
paid 62l2 cents. The concern manu-
factures silk gloves, hosiery and knit
goods at plants at Paterson and Boon
ton, N. j., and Saratoga Springs and
North Tonawanda, N. Y.
Evening star., 1937-05-05
CURB LIST HOLDS
T0NARROW RANGE
Market Drifts AimIessIy,
With Small Losses Pre-
dominating.
By the Associated Press.

NEW YORK, May 5.-The curb
market drifted in aimless fashion to-
day, with slight losses predominant.
OF fractions to point or more we're
Aluminium Co. of America. Wayne
Pump, Gulf Oil American Cyanamid
b" Commonwealth Edison, Ameri-
can Light & Traction, Atlantic & Pa
ciflc, Pan-American Airways and Pan
tepec Oil.
Consolidated Mining g. Smelling, on
the other hand, gained more than 4
on light volume. Other gamers up to
around point included Brown Fence
u Wire, Lake Shore Mines, McWil-
liams Dredging, Niagara Hudson
Power and Pennroad
Evening star., 1937-05-05
New 0rieanx prirsx

NeW UIle1ns FT1ceI.
NEW ORLEANS. May 5 UP.--Cotton
prices started 8 to II points net higher
today on GOOD buying which was based
on much better foreign markets than had
been expected.
=. Most active portions crossed the 13-cent
line in the early trading. July opened at
1905. October at 1G.a1. December at
1898. January 90 and March 1902
There was a slight further rise after the
opening but furry of selling ensued and
toward the end OF the first half hour the
market was selling around Z to IL points
above the previous close.
LIVERPOOL reported a demand based on
scarcity of contracts in the English mar
ket. trade calling and straegle buying
against Egyptian sales the cables said
Cottonseed oil opened steady; May.
a,40b; July. a.55b: September 9.69b; Oc-
tober, a,55b: December, 9.45b.
Bid.
Evening star., 1937-05-05
CUBA SHIPS MORE SUGAR.

NEW YORK, May 5 (P).-Cuban
sugar exports from January ! to May
totaled l,O04,967 long tons, raw
value, an increase Of per cent over
the 957,062 tons shipped in the cor
responding period last year, Lamborn
q Co. reported today. Exports to the
United States amounted to s5l,203
tons, against 805,90 in the frs. four
months of 1886.
Evening star., 1937-05-05
$7,38O,481 EARNED
BY NICKEL PLATE
1886 Profit Represents SCI
Per Cent Gain Over
1885 Total.
By the ASsociated Pres

CLEVELAND, May 5.-W. J. Hara-
nan, president of the Nickel Plate
Railroad, reported to stockholders
today a net income of s7,380,48l for
1886, an increase Of s6,2e4.552 or SOL
per cent over 1895.
The net railway operating income
was se,l37,723, an increase of s2.378.-
l76 or 35 per cent. Passenger revenue
was s969,l76, an increase Of 81 per
cent.
Stockholders of the railroad re-
elected directors at their annual meet
ing today and added c. c. Collister.
assistant secretary of the road, to the
directorate. Spokesman said other
business was routine.
Evening star., 1937-05-05
new YORK COTTON
By the Associated Press.

NEW YORK, May 5.-Cotton ad-
vanced moderately today in quiet
trading influenced by steadier foreign
markets and reports rains and cool
temperatures had been unfavorable
for cotton east Of the Mississippi River
during the past week.
Outside interest was still small and
prices moved over a narrow range.
July, which reacted from an opening
high of 1919 to 1911 under scattered
selling. had recovered to 1914 by mid
afternoon when prices were 6 to 10
points net higher.
Evening star., 1937-05-05
Dividend Resumed
On Common Stock
OF Skelly Oil Co.
BY the Associated Press.


NEW YORK, May 5.-Skelly Oil
Co. resumed dividends with a dec
laration Of so cents on common
stock, payable July l to stock Of
record June !. 1t is the first dis
tribution for common shareholders
since December, 1890, when so cents
was paid.
Company's principal properties are
in Oklahoma, Texas, Kansas, New
Mexico, Arkansas and Louisiana.
Evening star., 1937-05-05
PHILADELPHIA PRODUCE

PHILADELPHIA. May ; P,.-Livc poul-
tTy, fowls, cross breds fancy. 2Isg5.
oucks. white Pekins. old 1"aI4: mixed
colors. l2al3; turkeys. young toms 15aIC;
fancy hens. ISa2O.
Dressed poultry UNCHANGED
Butter-Top grades :};iJ4-33i1. g2 "a
33iz; 81, 32i2 80, 81: 50, 3I-3Ilz.
Evening star., 1937-05-05
METAL MARKET.

=, NEW YORK, May. 5 GP.-copper steady:
= 32ha. Tin easier: spot and nearby.
5s.s ;ss21sta55;75; "a, future. 55.25a55.37h:
East st. Louis. 5.S5. Zinc steady; East 81.
Louis spot and future, 6.75 iron, alum
mum. antimony. quicksilver. platinum and
wolframite uuchange6 -
Evening star., 1937-05-05
ASSOCIATED OUTPUT UP.

NEW YORK, May (R.-Net elec-
trio output Of subsidiaries OF Asso-
ciated Gas & Electric System for the
week ended April 80 totaled $685.
739 kilowatt hours, an increase of 1863
per cent over a year ago.
Evening star., 1937-05-05
C0ttonseed Oil.

Bleaachable cottonseed oil futures
closed steady, unchanged to higher.
Sales, IS contracts May, 1908; July.
1000 September. 1915; October 1905;
December, 994b.
b-Bid
Evening star., 1937-05-05
Yukon Gold(al3c)

Dividend rates in dollars based an ,..,
quarterly or semi-annuai payment tan.
nual rate-not including extras tAc.
cumu!ated dividends Paid last wear
oeing In bankruptcy or in receivership. or
oeing reorRanized under the bankruptcy
act. or securities assumed by such con :.
Evening star., 1937-05-05
DOLLAR MOVES HIGHER
IN LONDON DEALINGS

Ey the Associated Press
LONDON, May 5.-Trade buying
helped the United States dollar gain
1s cent in foreign exchange transac-
tons today. The closing quotation was
4.s3 Oils to the pound, compared with
yesterdays closing New York rate Of
$4.93ss.
French francs fell back to 1908 to
the pound, compared with 109.78 yes
terday.
Evening star., 1937-05-05
NEW YORK BAR SILVER.

NEW YORK, May 5 P).-Bar slive
flrmer, up Is at 45ls.
Evening star., 1937-05-05
NEW YORK CURB MARKET
BY private wire direct to the Star.

All time shown below Is daylight saving
on which the Exchange 10 now operating.
$50
Evening star., 1937-05-05
CURB BONDS

DOMESTIC BONDS.
Evening star., 1937-05-05

ww-With warrants. xw--Without war
rants New. st (stp)--Stamped,
!Negotiabilty impaired by maturity.
fCompanies reported in receivership
Evening star., 1937-01-30
SENATE APPROVES
AUDITORIUM BILL
Backs Plan for Commission
to Study Proposal
for Structure.

The Senate today passed the Robin.
son bill setting up commission to
make plans for q public auditorium in
the National Capital.
The measure went through unari-
mously and now goes to the House,
where early consideration Is expected.
It deSignates the chairmen Of the
Senate and House Public Buildings and
Grounds Committees and Secretary Of
Interior Ickes as q board Of three to
study the subject and report later at
this session recommendations as to
location and estimated cost Of an audi
torium suitable to be used for inaugural
ceremonies, large conventions and
other important events that are held
In the Capital.
The commission also Is instructed
to advise Congress how the cost Of the
structure should be borne.
Approved two days ago by the Sen
ate committee headed by Senator Con-
nally, Democrat, Of Texas, the bill
was taken up as soon as the Senate
met today. The only debate was
statement by Minority Leader McNary
that he had intended to ask that the
bill 60 over until Monday because he
thought 1t contained the legislation to
provide for the auditorium. Upon
learning, however, that 1t Is limited to
creating the commission to submit
plans, he said he had no objection to
immediate action.
Lanham Voices Sympathy.
Representative Lanham, Democrat,
of Texas, chairman Of the House
Pablic Buildings and Grounds Com
mittee. already has made known he
Is in sympathy with the proposed
study of the need for the auditorium.
The bill probably will 60 to his COM
mittee In the House.
The movement for an auditorium,
although talked Of for many years,
was dormant until Inauguration day,
when the heavy rain during the out
door ceremonies impressed on MEM
bers Of Congress the lack Of q place
(see AUDITORIUM. Page AID
Evening star., 1937-01-30
President to Ciue Dinner Party
To Birthday Well Wishers
Small Group of Old Friends, Informal
Guests Tonight, to Include Secre-
taries Early and McIntyre.

President Roosevelt will celebrate
his 55th birthday at the White House
tonight with an informal dinner party
which will be attended by q small
group Of old friends.
In this group will be the members
of what the President affectionately
refers to as the "old gang" which Is
composed Of those who were asso-
ciated with him when he was Assistant
Secretary of the Navy and during his
campaign as Democratic vice presi-
Dental candidate in 1920.
In this group will be Stephen Early
and Marvin H. Mcintyre Of the Presi-
dents secretariat; Thomas M. Lynch
and Stanley Prenosil Of New York.
James P. Sullivan Of Boston, Miss
Marguerite LELAND, the Presidents
private secretary, and Charles Nc
Carthy Of this city.
Evening star., 1937-01-30
100 LIQUOR DEALERS
STOP SALES TONIGHT
That Many Have Failed to Com.
ply With Rules in Time to
Get 1887 Permits.

Approximately 100 retailers will have
to stop sale of alcoholic beverages to-
night, at least for a temporary period,
because they have failed to comply
with one or more District regulations
in time to obtain 1887 liquor, beer or
wine permits.
Most Of the 100, according to the
Alcoholic Beverage Control Board,
will be without new permits after mid
night because they have not provided
required plumbing In some cases,
the retailers have failed to pay pay
roll taxes under the unemployment
compensation insurance act, or to OBJ.
tain restaurant permits, and some
have failed to pay license fees for
their new beverage permits.
Most Of the affected retailers are
engaged In the sale Of beer and light
wines, either on-sale or off-sale. The
board said there were q few retailers
Of hard liquor who also did not OBJ
tain new permits before the boards
offices closed at pm.
AL dealers who do not have 1887
beverage permits must cease beverage
sales at midnight tonight. During
1895, 1910 permits Of all classes were
issued, and to date 1910 new ones
have been written.
Evening star., 1937-01-30
RADEK AND THREE
SPARED, IS TO DIE
Ten-Year Term In Soviet
Plot Ito Hold Fiery Editor
as Witness"
By the Associated Press.

By the Associated Press.
MOSCOW, January 30.-Karl Radek
was spared from death as a traitor
against the Soviet government, au-
thoritative sources declared today, so
his testimony might be used at future
conspiracy trials.
The fiery Radek, who refused to beg
for clemency and leered at the un-
expected leniency of his judges. was
sentenced to 10 years imprisonment
and deprived of his political life for
five more.
Thirteen fellow-conspirators OF the
II who faced trial were sentenced to
death before q firing squad, after for
lorn pleas for mercy. Both individ-
ually and as q group.
It was their last chance and despite
it, informed sources said, the first an
nouncement that "the verdict of the
court has been carried out"-meaning
the 13 had been shot-was expected
tomorrow.
The belief grew in foreign circles
Radek was spared not only because
of his value as a witness at trials
almost certainly planned against other
Trotzkyists, but also because of his
potential services to the nation in
Evening star., 1937-01-30
Fuehrer, Starting New Term,
"Wipes Out" War Guilt
Confession of Versailles,
RenounceS Isolation.
AGAIN STATES CLAIMS
TO FORMER COLONIES
Asks Friendship With France as
He Assures Listeners "Time of
So-Called Surprises From
Reich Is Ended-Restates Self.
Assumed Military Sovereignty.
By the Associated Press.

By the Associated Press.
BERLIN, January 30.-AdoH Hitler
wiped out" with a solemn and dra-
matte sentence today the German
World War guilt confession of ver-
sailles.
In the next breath he told his ex-
ultant Reichstag and the world that
"the time of so-called surprises" from
Nazi Germany is ended"
He pledged Germany,s "loyal CO.
operation" in the problems that beset
humanity. He renounced German
isolation" He asked friendship with
France.
He reiterated Germany's claim for
restoration Of her former colonies and
left the door open for an arrange.
ment" with Portugal, although saving
nothing about the expected acquisition
Of Angola.
Germany once built up q colonial
empire without robbing anybody or
violating any treaty or making war"
he said. This empire was taken from
US. The reasons assigned today for
attempting to excuse this taking away
do not hold water!"'
Restates Military Sovereignty.
To Reichstag "Heiling" itself mad
with JOY on the fourth birthday Of
Nazi power, Der Fuehrer restated
Germany's self-assumed military SOW
ereignty, declared f1nis to any but
German control Of Reichsbank and
federal railways matters, proclaimed
"a natural end" to those parts Of the
Versailles treaty which made Ger
many inferior and cried:
II hereby most solemnly withdraw
the German signature from that
declaration forced upon a weak gov.
ernment against its better knowl-
edge-the declaration Gin the treaty
Of Versailles) to the effect Germany
was guilty Of starting the World War.
Nine European MISUNDERSTANDING
Fascist Spain-Her Hitler listed as
having improved" relations with the
Reich.
He cited the Communist pact
with Japan as proof of the Reichs
desire to avoid isolation.
He offered pledges of "incontestible"
neutrality to Belgium and the Neither.
lands.
He added:
"As a state with equal rights Ger.
many . will Loyalty Cooperate in
solving the problems which stir US
and other nations"
For the Versailles pact 1t was all but
a coup de grace-climaxing, as it did,
Germany's rebuilt army, navy and
air force, her remilitariZed Rhineland,
her assumption Of control Of her own
waterways.
OF the colonial question, the chan
cellor said:
Germany makes no colonial de-
mands upon countries which took no
colonies from her. Germany never
demanded colonies for military pur-
poses, but exclusively for economic
reasons.
"In our closely settled country. our
(See REICH, Page A-2)
Evening star., 1937-01-30
By the Associated Press.

BY the Associated PreSS.
CAIRO. ILL.,. January 30.-Slowly, so
slowly as to belle its power, the mighty
Ohio River rose today to 58.75 feet
bringing nearer and nearer its GER
tain test Of Cairo's emergency defense
against inundation.
Each 60 minutes, at rate of one
-hundredth of a foot-12-100ths Of
an inch, a measurement barely per-
ceptible to the eye-the river crept
up, hour by hour during the night,
to the highest stage in the history of
the city, 80 years old today.
One and fourth feet of leeway-
q desperately small margin of certain
safety-remained before the turbid
waters topped the city's 60-foot sea
wall" and Tapped at a hastily con-
structed wood and DIRT bulkhead
Evening star., 1937-01-30
.PEPCO IS ORDERED
TO CUT ITS RATES
Reduction Will Start Mon
day-Company Profits
Increase.

Rates Of the Potomac Electric Power
Co., beginning Monday, will be reduced
by a total of s5o4,o21. with the cut
divided nearly equally between do
mestic and commercial consumers,
under an order issued today by the
Public Utilities Commission.
The rate reduction results from ap-
plication Of the sliding scale plan for
annual adjustment Of consumers bills.
on which a public hearing was held
Monday. At the time, commission
calculations showed the company had
earnings during the past year Of ST.
000,2 in excess Of the basic return
Of 6A per cent fixed in the plan.
The new rates will mean reduc-
ton Of about 20 cents a month on the
bill of the average domestic consumer,
calculating that such average con-
sumer uses 81 kilowatt hours of power
q month. The commission did not
approve the request of the Fedora
ton of Citizens Associations for .
reduction of the basic return allowed
the company on an agreed valuation
from 6k per cent to 6 per cent.
The commission found that evidence
taken at the hearing tended to show
that the rate base of the company
that is, the estimated value of its plant
for rate-making purposes-was $70,-
136,259.79 as of December 81, 1896.
It is against this figure that the basic
return is applied to determine the
amount Of excess profits during the
past year, which sum Is used in cal
culating what should be the rate
changes for the new year.
There have been annual rate reduc-
tions each year since 1925, when the
sliding scale plan was instituted. Last
year the rate cut amounted to more
than $500, 900, and the much greater
rate cut this year, in spite Of the re-
duction In the basic return from 2 to
<~-- ~WY1rVN
Evening star., 1937-01-30
Cairo Awaits Crisis as Flood
Waters of Ohio Riuer Rise
Crest of 5S.75 Brings Nearer Supreme
Test of City's Emergency Defense
Against InundutiOn.

thrown up In a last-minute effort to
stave off the river.
OF Cairo's 1880 population, only
1000 persons, all but 500 of them
men who had labored to strengthen
and raise the protecting embankments,
still were here to await the Ohio's
whim-and the rivers whim along its
upper course has been devastation and
destruction.
NEW MADRID. Mo-. below Cairo
at the southern tip Of the huge birds
point-New Madrid spillway, the Mis-
sissippi's steady rise slowed slightly to-
day and Col. Edwin c. Kelton Of the
United States Army Engineers said:
"All the levees are in good shape
here. The situation is well in hand.
There have been reports circulating
Evening star., 1937-01-30
AWAIT
BIRTHDAY YDANC|NG
Mrs. Roosevelt to Make Per.
sonaI Appearance at Each
Ball Tonight.

Waltzes and fox trots favored by
President Roosevelt will float through
the ball rooms of seven Of the Capt.
tails best hotels tonight as thousands
dances so that others may walk again.
Society and Hollywood celebrities
will rub shoulders with Government
clerks and modest job holders-all
suffused with the spirit Of making
the Chief Executives 55th birthday
anniversary celebration q success.
Mrs. Roosevelt will make q per-
sonal appearance at each OF the
parties to greet the crowds and hear
the music of the country's leading
orchestras imported for the occasion.
The President, from his study In the
White House, will express his thanks
to the birthday gatherings by radio
at 1l:24 pm.
Funds to Be Divided.
Funds raised by the balls are to
be divided between local communities
to assist crippled children and re-
search organizations studying the
causes of infantile paralysis.
Henry L. Doherty, chairman Of the
National Committee arranging balls
In honor of the President, wrote the
President yesterday that he was con-
tributing 500, 900, to be divided equally
between flood relief and infantile
paralysis funds.
Up to midnight last night more
than 5000 $3.50 tickets-which will
permit the holders to attend one and
all of the parties-were reported by
Commissioner George e. Allen, chair
man of the Balls Committee here, to
have been sold.
Hundreds Of others have been pur-
chased with the 81 O U Of Federal
employees, anxious to aid the cause,
(See BIRTHDAY, Page Alloy
Evening star., 1937-01-30
TAX COLLECTIONS
GAIN $267,127,008
1884, 100000 Reported by
Treasury for First Half
of Fiscal Year.
By the Associated Press.

BY the Associated Press.
The Treasury said today internal rev.
enue levies put $1,S64, ,000.0o0 in Uncle
Sans cash box during the first half
Of this fiscal year. This was $267,-
127,008 more than for the same Pc
riod a year ago.
The increase, led by sharp gains in
income taxes, extended to Sc Of the
60 tax claSsificationS. It was attained
despite q sharp down-pull on revenues
from invalidation of taxes under the
agricultural adjustment act. These
levies put $68, ,491 900 in the Federal
till during the period year ago.
Returns from individual income
taxes climbed $65,516,000 in the six
months ending December 81 to $302,-
$4,000. Corporate income tax rev.
enue rose 81, 3,198, 900 to $392, ,149,0 900.