davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-09-03
AUSTRALIAN WOOL
DECLINE WATCHED
Price Drop at Sydney Attracts
Attention-Boston Trading
Extremely Dull.
By the Associated Press.


BOSTON, September 3.-The Com
mercial Bulletin will say tomorrow:
The course Of the foreign wool
markets this week has not been very
reassurlng to the local trade. On a
very ordinary selection, with little
suitable for this country, prices at
Sydney. Australia. opened slightly off
from the June level Since the OPEN
ing. prices have shown further de-
crease to about 5 per cent under June,
England and the continent have
been the only buyers. Japan and this
country watching from the sidelines
Prices on top futures declined at the
opening 2 pence and actual merino
tops in Bradford were marked down
penny
Business here has been very linn
lted indeed. Prices have been a bit
soft. especially on fine wools, but
there has been insufficient business
TO test the market Most holders still
refuse to make concessions. Little
business Is reported from the West.
The demand for pieceeoods still
lags and machinery is gradually les
sening its activity.
"Mohair Is slow but steady"
Evening star., 1937-09-03
URGES TIGHTENING
Of CREDIT TERMS
Commercial Credit Appeals
to Banks and. Others
to Join Drive.
BY the Associated Press.


NEW YORK, September 3.-An-
other indication Of move among in
stanment finance companies to short
en- payment terms and tighten the
consumer credit strings q bit was seen
in banking circles today in . letter
from the Commercial Credit Co., one
OF the leading sales finance COM
panles, urging banks and others in
the field to join the effort to put
lnstallment financing on q more liquid
and sounder basis than it has been
during the past year or two"
The last few years, with competi-
ton to find outlet for idle funds keen,
installment terps were heightened
and new lenders entered the business,
including some banks Outstanding
mstallment credit expanded sub
stantially with recovery in demand
for automobiles. refrigerators and
other goods bought "on time"
Recently the major finance COM
panies took the lead in reducing pay
ment terms. slicing them to an aver
age OF about two years from three.
Evening star., 1937-09-03
AMERICAN GAS WINS
APPROVAL OF PURCHASE
By the Associated Press.

By the Associated Press.
RICHMOND, Va, September g.
Sale OF all stock of the Kingsport
Utilities, Inc, and the Kentucky g.
West Virginia Power Co., Inc, both
subsidiaries OF the Appalachian Elec-
trio Power Co., to the American
Gas & Electric Co. was approved
yesterday by the State Corporation
Commission.
Corporation officials said the Amer
lean Gas g. Electric Co. owned a
controlling interest in the Appa-
lachian, making the transaction vir-
tually an intra-company matter.
In granting its approval to the sale
OF the stock, the commission revoked
q previous agreement for the transfer
of the two subsidiaries direct to the
American Gas g. Electric and disso-
luton Of their corporate identities.
Evening star., 1937-09-03
Expansion Plan
Voted by Holders
OF Pierce-ArrON
BY the Associated Press.


BUFFALO, N. Y, September s.
Stockholders of the Pierce-Arrow Mo-
tor Corp. voted yesterday approval Of
plan for formation Of a new cor
poration to enable the company tc
enter the medium priced field.
The plan provides for the new cor
poration to take over present business
OF the company and raise 0,70O,O0C
through stock sale.
At yesterdays meeting stockholders
asked Arthur j. Chanter, president
to verify a report that Postmaster
General James A. Farley will head
the new company. Chanter declined
to amplify recent statement that "a
person Of national importance will be
invited to become executive head OF
the corporation"
Evening star., 1937-09-03
RULING IS ISSUED
ON SUGAR CONTRACTS
BY the Associated press

BY the Associated Press.
NEW YORK. September 3.-Nev
York Coffee and Sugar Exchange
ruled delivery Of sugar in 1899 or SUBJ
sequent years against No. 4. or world
contracts, may be made on certif1-
Gates for the export quota year run.
ming from September l to August 81
OF each year instead of good for the
calendar year.
Action was to conform with Cuban
decree providing for export certificate.
during the export quota year in con-
1ormity with the international sugar
agreement.
1t was also resolved that trading in
No. sugar contracts for delivery In
August OF 1898 and August Of subse-
quent years be suspended.
Evening star., 1937-09-03
S. E. C. ISSUES REPORT
ON MEMBER DEALINGS
BY the Associated Press.

By the Associated Press.
The Securities Commission reported
today New York Stock Exchange men,
bers traded l.845 ,203 shares for their
own account in the week ended August
T. This was 1876 per cent of total ex-
change transactions, compared with
1857 per cent the previous week and
209 per cent in the week ended
July "a.
Members round lot transactions in
itiated on the floor were SIS per cent
OF the total. Round lot transactions
initiated off the floor were 459 per
cent. Specialists round lot trans
actions totaled 926 per cent
Round lot transactions for accounts
OF all members reached 1898 per cent
Of the total
Evening star., 1937-09-03
FOREIGN STATIONS.
CHICAGO LIVE STOCK.

CHICAGO, September 3 LN.-(United
States department. of Agriculture.)-Hogs,
5000 inciudins 100 1000 direct; uneven:
good and choice lsO230 pounds. II so
bulk good packing sowS 10000.
Cattle. 1000; calves. 500; strictly pre-
holiday cleanup trade At catch-bid prices;
respondinely narrow: few calf club
yearlines 1878: scattered lots common
and medium light steers and yearlings.
ers, downward from II so. cows Iteady:
grass fat beef cows 5;26-6.5Q: low cutters
vealers steady: very few bulls above 500.
but 6.75 still quotable: vealers. Y 90 down.
Sheep, 5000, Including 1900 direct:
100: best held 11.l6-2b and above:
300-4.0O: few choice light weights, 4.25.
Evening star., 1937-09-03
FOREIGN EXCHANGES.

NEW YORK september 8 P.-ForeiRr
others in cents. Great Britain--Demand
4.96: cables. 4.96: -60-day bills. 4.94ii
France-Demand, 3.73:. cables. 3,73. Italy
DemandseBeleium. 16s5h: Germany
free. 4O.16: registered $500: travel
26.e5: Holland, 55:l9; HorEay. 24:93
32IIa: Switzerland. 22es: Spain, un.
quoted: Portugal 4.52: Greece: :91A: Po-
land 1898: Czechoslovakia. 3.4e; Yueo.
1875: Rumania. "a: Argentina. 33 .05n;
Brazil. s.sOAn: TOXIC, 2s.05: Shanghai
2o7O: Hong Kong, 81 .Os: Mexico City
New York Ia Montreal. 10000.
Evening star., 1937-09-03
AIR GAINS CONTINUE.

NEW YORK, September 3 (Spe-
ciaD Preliminary figures for August
show Eastern Air Lines continues to
establish new monthly records: 10,365
revenue passengers were carried. n
gain over last August Of "a per cent;
$4,000 airplane revenue miles were
flown, a 16 per cent increase; Ate, 900
revenue passenger miles were flown,
an increase of 33 per cent.
Evening star., 1937-09-03
THE WEATHER

District OF Columbia-Generall
fair tonight: tomorrow cloudy, prob
ably followed by showers and cooler
In afternoon or night; moderate
southwest winds, shifting to northwest
late tomorrow
Maryland - Increasing cloudiness
tonight; tomorrow cloudy, probably
followed by showers and cooler in
west and north portions.
Virginia-Generally fair tonight;
tomorrow partly cloudy, probably fol-
lowed by showers and cooler in north
portion.
West Virginia-Cloudy, probably
followed by showers tomor..w and -
northwest portion late tonight; cooler
tomorrow.
River Report.
Potomac and Shenandoah muddy
at Harpers Ferry; Great Falls, slightly
muddy.
Evening star., 1937-09-03
FEDERAL MONEY I
POLICY IS SCORED
Rate Reductions Held New
Attempt to Suspend
Economic Law,
Special Dlspa ten TO The star.

special Dispatch to The Star.
BOSTON. September 3.-view.nz
the reduction Of the discount rate
In number Of the Federal Reserve
banks as one more attempt on the
part Of the Government to suspend
the operation Of economic law, tho
managemnt Of Fidelity Fund in the
monthly bulletin to stockholders OBJ
serves that economic law has ALWAYS
prevailed ultimately and may be
expected to do 80 in the future"
THE increase in demand for COM
mercial loans" the bulletin adds,
which has taken place in the first
half Of 1887 made it necessary for
the banks to Hquidate some of their
Government bonds. This would not
have been necessary If the Reserve
banks had not previously raised the
reserve requirements. When the Re-
serve banks took this action they
sought to check or prevent an undue
expansion of credit for business. Now,
however, that this had had the effect
OF making it more difficult for ex-
pansion Of bank credit for the pur-
chase Of Government bonds, the
Government seeks to nullify the ef-
fectiveness of its former action in
respect to reserve requirements.
Anomalous Position Taken.
The Government, therefore is in
the anomalous position of wishing to
curb credit imitation, yet willing to
subJugate this praiseworthy aim to
its desire to continue the flotation
Of its own bond issues.
Developments of this type are not
always accorded their full importance
by the average investor, because
their effect may be felt only after
an extended period. Nevertheless,
consideration of them is very i'm
portant, since any attempt to annul
or suspend economic laws must fail
eventually. There is, however, no
reason for expecting any unfavorable
results over the near term. In fact,
near-term influence Is more likely 20
be favorable than otherwise.
Business activity has tended to de-
cline during the last few weeks, al
though only moderately. We be-
heve this Is merely normal tenn
porary recession such as occurs from
time to time during any broad up
swing. About the only major index
OF industrial activity which contin-
ues to mount is industrial construc-
ton. This is reflection, in part. of
the past gains In industrial activity
as well as Of anticipation of future
improvement
Cost of Living Down.
"A report recently issued by the
National Industrial Conference Board
points to halt in the increase of
the cost Of living, which had been
going on for some time. This is dis
tlnctly favorable. Because of the size
OF this years crops it still appears
that farm purchasing power will ex-
ceed materially that of 1886 and will
be the highest since 1929
Retail trade in many sections Of
the country has not been as we'll
sustained as expected, although in
general 1t is moderately above a
year ago. Dizziness is generally as
cribed to the unusual heat and hu-
midity which prevailed in August, and
vacations. If this is true, retail trade
may be expected to recover sharply
after Labor day.
Our views on the outlook for busi-
ness in the Autumn remain favor
able"
Evening star., 1937-09-03
CURB LIST TAKES
UNEVEN. COURSE
Few Oil and Utility Issues
Hold Spotlight in Quiet
Market.
By the Associated Press.


NEW YORK, September 3.-A few
oil and utility stocks held the spotlight
in an otherwise listless curb market
today. Price shifts in both directions
were confined to minor fractions for
the most part, and trading was at low
ebb.
An outstanding gamer was Humble
Oil. which advanced nearly points.
Creole Petroleum rose around point,
and Gulf Oil and International Petro-
leum were up minor fractions
In the utility division American Gas
Il Electric, United Gas and United
Light & Power preferred improved,
while Electric Bond & Share and
American Superpower were unchanged.
Adding fractions were Scss Manu-
featuring, Hearns Stores, Molybdenum,
Eagle Picher, Fisk Rubber, Trans-Lux
and st. Regis Paper. Down a little
were New Jersey Zinc, Hecla and Cord
Corp.
Evening star., 1937-09-03
STEEL PAY ROLLS CLIMB.

NEW YORK. September P.-
Employment and pay rolls in the steel
industry during July recovered COM
pletely from the effects of the June
strikes and increased to $4,000 and
soc, ,550,000, respectively, the Ameri-
can Iron and Steel Institute reported
today. This compared with employ
ment of $4,000 and pay rolls Of $751;
$4,000 in June.
Evening star., 1937-09-03
CASH REGISTER SALES LAG.

NEW YORK, September 3 R.-
Domestic orders in August Of National
Cash Register totaled $l.s10,075, .
decrease OF 81 per cent from the like
month last year. For the first eight
months Of the year orders showed an
increase OF 1874 per cent over the com.
parable 1896 period
Evening star., 1937-09-03
AUGUSTA BONDS OFFERED.

NEW YORK, September (Spe-
ciaD.-Public offering was made today
OF 100000 City Of Augusta. Ca, 8
per cent bonds by a banking group
headed by Lazard Freres & Co., Inc.
They are priced to yield from 0.e0 to
2.55 per cent for maturities Of s3l. 900
annually ranging from 1888 to 1857.
Evening star., 1937-09-03
HIGHER NET REPORTED
BY HECKER PRODUCTS
BY the Associated Press.

BY the ASSOClAted PresS,
NEW YORK, September 3.-Hecker
Products Corp, manufacturers of
flour products, soaps and salad dress
ings, with principal plants at ST.
Louis, Baltimore, Buffalo and Mime
.apolis. reported consolidated net in
come for the year ended June 80 Of
1892. .440 after charges, equal to s8
cents share on l,825,877 voting trust
certificates for common stock.
This compared with $1,5l0,467. or
II cents share on 1,794.4o2 common
shares. in the preceding fiscal year.
Evening star., 1937-09-03
SHOE COSTS TO BE PROBED.

The Tariff Commission announced
today it would investigate differences
in cost Of production Of women's ce-
mented shoes imported to the United
States and those manufactured in
this country. The date Of the hearing
will be announced later.
Evening star., 1937-09-03
MUNICIPAL BONDS EASE.

NEW YORK, September 3 R.-The
Bond Buyers index Of the municipal
bond market showed a slight decline
in prices, with the average yield Of
bonds Of 20 large cities at 2.95 per
cent. This compared with an aver
age OF 2.94 per cent at August l.
Evening star., 1937-09-03
Security Offerings
Below Week AGO
And 1886 Levels
BY the Associated Press,

By the Associated Press.
NEW YORK. September 3.-New
financing in the week ended Septem-
ber 2 totaled s22 1895, ,40l, sharp de-
crease from the previous week and
from the same week a year ago, a
compilation by Poor's Publishing Co.
showed today.
Week enG,Se Sept . Year ago.
Municipals Sl5i31,100 SOL .335. 900
Public utility 1000. 600 2S 600 600
stocks 3964.30l $4,000
Total So .3o5 ,4Ol ss0.Ols,aOo
Evening star., 1937-09-03
BY the Associated Press.

BY inc ASS0clAted PTe6s.
The Association of American Rail-
roads reported today 787.373 cars Of
revenue freight were loaded during the
week ending last Saturday.
This was an increase Of 6,l26 cars,
or 0.8 per cent, compared with the
preceding week; an increase of 1926,
or "A per cent. compared with a year
ago, and an increase of lO6,525, or
l5.6 per cent, compared with two years
ago
The report classified the loadings as
follows:
Evening star., 1937-09-03

In oankruptcy or receivership or Being
reorsanized under the bankruptcy Ast. Or
securities assumed BY such companies
Rates OF dividends IN the foregoing table
are annual disbursements based on the last
quarterly or semi-annual declaration Un-
less otherwise noted, special or extra divt-
dends are not included
Also extra Or extras. PAID last year
Payabe in stock. Declared or paid 80
or stock. < Accumulated dividend paid
or declared tnis year vw-Wtth war
rants Nv Without warrants. war War.
Evening star., 1937-09-03
FREIGHT L0AD|NCS
AT 787,373 MARK
Small Weeks Gain Lifts
Total 4.4 Per Cent Above
1886 Level.

NEW YORK. September 3.-The As
sociated Press seasonally adjusted week
ly index Of freight carloadings, based on
1a2e-30 as 100, declined today to 7s. e,
comIared with 7a.1 the previous week
and I'll year ago.
Range Of recent years:
1897. 1896. 1875. 1884. 1899.
HiRh - S12 S4.5 I'll $50 81
Lew - 72.0 6O.7 $50 595 an
Evening star., 1937-09-03
rs TONS OF LEAD SOLD.

NEW YORK, September 3 R.-st
Joseph Lead Co. reports IS tons of
pig lead from Southeast Missouri
mines sold yesterday at $685. per 100
pounds st. Louis.
Evening star., 1937-09-03
NEW YORK BAR SILVER.

NEW YORK, September 3 R.-Bar
silver steady and unchanged at ~.
Evening star., 1937-09-03
Washington Exchange

SALES.
AFTER CALL.
Capital Traction $500 at Sc.
NOTICE-Exchange will be closed
Saturday and Monday, September 6,
Labor day.
Evening star., 1937-09-03
DIVIDENDS ANNOUNCED

NEW YORK. September 3.-Dividends
declared (prepared by the Standard Sta
tiSticS CorD).
Evening star., 1937-09-03
Report for Last "a Hours

Record for Last "a Hours.
From noon yesterday to noon todayD
Highest. 81. 1855 pm. yesterday. Yea,
65. Aso'
Record Temperatures This Year.
Highest. 81, on August 90.
Lowest, 49, on February 2s
Humidity for Last 2i Hours.
'From noon yesterday to noon todayD
Highest. 100 per cent at 5 am. today
day NA
Tide Tables.
Evening star., 1937-09-03
INSURANCE STOCKS

NEW YORK, September 3 IP.-Ney
YORK Security Dealers Association:
Evening star., 1937-09-03

a-Also extra or extras
g-Declared or paid so far this year.
Evening star., 1937-09-03
Precipitation

Monthly precipitation In inches in th
Capltal lcurrent month to datel:
Evening star., 1937-09-03
FOREIGN BONDS

Sogot NJ rs AZ M&N 23A 23h 23%
sS:os;s. II Fl !;'45 q .:s sssS-- s$.: s$s: s$a
etinn (H) As 40 I'd st SO SO 80
wv-With warrants. xw-Without war.
rants. n-New. st tstp)-Stamped
&NeRottabtlity impaired by maturity.
fCompAntes fooorted in receivershtp.
Evening star., 1937-09-03
Tide Tables.

The Sun and
Evening star., 1937-09-03

tPlus extras ee~ extra. f1IaT ex-
1887.
The Waterbury Democrat., 1937-04-03

The new issue of the Mattatuck Council paper lists no less than eighteen specific events for the month of April. There are also many other activities for the month of April which will be announced from time to time at the local office. The complete calendar of princi- pal events is as follows:
 Friday, April 2-District 'sB" Board of Review, 7:30-TrOop 4, St. Thomas.
 Saturday, April 3-"Camp and Hike Craft" course, 2 to 10 p. m. Camp Wequapausett, Waterviile. a Monday, April 5-Watertown training course, "Introduction to 2 Scouting 7:S0-Watert0wn Com munity Club House. {. Wednesday, April 7--Jamboree committee meeting, 7:so-scout Office. K,
 Thursday, April 8-Waterbury training courses. 2 ?. m. 'Intro- duction to Scouting. of Scoutmastership" - Leaven- worth High School. Friday, April 9-Executiye board meeting, 6:30-Hotel Elton.
 Saturday, April 1O-"Camp and Hike Craft" course, ? to 10 P. m.-- Camp Wequapausett -Waterville.
 Monday, April 12--Watertown training course, 1880. District I'D" Round Table, 7:3O-St Johns church parish house.
 Tuesday, April 13-Scout enter tainment, BroAOside Home for the Aged, 5 P. m. az
 Wednesday, April 14-Troop 2. Jamboree show, First Methodist church, 7:30 p. m.
 Thursday, April 15-Region l annual meeting-Hotel Bradford, Boston.
 Monday, April 19-Troop 10 Parents Night-German Luther an church.
 Wednesday, April 21-District "E" Board of Review, 1880, Troop 2l, West Side Hill Meth odist church. Jamboree committee meeting (tentatlve) 7:30, Scout Oifice.
 Thursday, April 22-Naugatuck district meeting, 5:l5 p. m.-Nau- gatuck "Y." Scout service at dis- trict Rotary conference.
 Friday, April 23-District "C" Raard If Review, 7:3O, Troop 13, Sacred Heart. District ID" Board of Review, 7:3O, Troop %. Our Lady. of Lourdes. All day-Scout service at district Rotary confer ence.
 Tuesday. April 27--CamD Persh- ing reunion and supper, 6:SO, Scout House. First Church, Wa tcrbury.
 Wednesday. April 2s-Dlstrict "A" Board of Review, 7:30, Troop 3. First Methodist.
The Waterbury Democrat., 1937-04-03
OSTEOPATHS ARE
 REFUSED TESTS
Can't Submit Sample for aWsserman Test, At-
 tOrney General Rules

Osteopathic physicians are ex- cluded from the group of medical practitioners who may take blood tests to determine the presence or absence of syphilis by Wasserman test. according to an opinion of At torney General Edward J. Daly, ad- dressed to the State Board of Os- teopathy. The opinion is written by Assistant Attorney General Harry L. Brooks.
 Several osteopathic physicians have sent blood samples to the labo- ratories of the State Department of Health for Wasserman tests to determine the presence or absence of syphilis. The director of the laboratories states that certificates in regard to the question will not be accepted from osteopathic phy- sicianS, on the ground they do not come within the purport of the gen. eral statutes which say certificates on blood tests can only be issued by a licensed physician.
 Osteopathy is defined as sys- tenn of treatment based on the the- ory that diseases are chiefly due to deranged mechanisms of the bones, nerves, blood vessels and other tis- sues and can be remedied by manip- ulation of these parts.
 Tn order to take a blood test, the osteopath would have to puncture the arm of the patient and take the sample. This carries him into the cid of medicine and surgery. ac- cording to the opinion. Osteopaths are restricted from practicing surg cry and are known as "drugless doctors"
The Waterbury Democrat., 1937-04-03

Heard in passing The Rev. James L. Travis, Waterbury native recently named pastor of the Church of Christ the King in Old Lyme given testimonial banquet by parshioners of St. Josephs Cathedral where he has been stationed for several years Wednesday night of this week Major Edward l. White of New Haven,
 first Boy Scout Commissioner in Waterbury, presided at the meeting of the State Council of the Reserve Officers Association in New Haven this week at which the annual state convention plans made. . The convention is to be held in Hamden on May l. Dog breeders and fanciers in Connecticut greved this week death of Lindsey Tappin of Wilton He be one the judges at the forthcoming Hartford show and his ken nes were among the most famous in the East He was known breeder of Cairn Terriers probably the most outstanding in the country. =.
The Waterbury Democrat., 1937-04-03

:, American entry into the war at that time.
 Germany agreed to stop torpe- doing passenger vessals except after warning and provision for saving lives. The British then be- gan disgusting submarine destroy CTS as merchantmen, flying he American flag. German submarine commanders, rising to give warn ing to supposed merchantmen, rose simply to death and destruction. Lansing early in 1916 suggest ed that German subs be bound by rules of warning and search and that belligerent merchantmen should be disarmed and should stop at a submarines order. The Allies scoffed at that, presumably recalling Wilson's promise to hold Germany to strict accountable ity."
 Sir Edward Grey's memoirs show that England would have dropped it's blockade of Germany if Wilson and Lansing had been sufficiently stern, but the Wilson administration felt a break with England would be the worst thing possible, and never pressed its points hard when deal- ing with the Allies.
 THREATENED BREAK
 Germany then resumed her un- restricted sub warfare, refusing to accept armed merchantmen as peaceful commercial vessels. Ill Congress, the -McLemore reso- lution warning Americans not to travel on belligerent ships was beaten by administration pressure
 Wilson threatened to break off relations with Germany. Ger many promised to call off the subs if Wilson would make Eng land observe international law. Wilson warned Grey that it would be difficult to start peace discus sions if this government didn't assert its undeniable rights to the Allies as well as to the Central Powers. But nothing happened.
 Later Britain went so far as to blacklist certain American firms as suspected of trading with the enemy" At that late date Wilson began to think of asking for em- bargoes of American loans and exports.
 With innumerable forces oper- ating to pull us into war on the side of the Allies, it seems he be- gan to cool toward England at this point. Germany was trying to get Wilson to make a peace offer and he went so far as to ask both sides to state peace terms only to meet with Scorn from the AL lies.
 Wilson urged before Congress a peace without victory" with certain idealistic principles gov- erning settlement. Next day, as Walter Mills notes in his "The Road to War;" Bethlehem Steel declared a 200 per cent stock divi- dend.
 THE FINAL STEP
 Tn February, as last desperate stroke to counter the British star vation blockade, Germany pro- hibited" all navigation in British, Italian and French waters and promised to sink everything that came in sight.
 America severed diplomatic re- lations. Republicans demanded the arming of American mer- chantmen. Wilson opposed this