davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-05-23
FRISCO REVENUES
BEST SINCE 1881
Years Total of $5O,1S2,96S Is
1873 Per Cent Larger Than
for 1885.

BY the Associated Press.
ST. LOUIS, May 22.-From the
standpoint of operating revenues, 1896
was the Frisco Railroads best year
since 1881, its Federal Court trustees,
j. M. Kurn and John G. Lonsdale, said
today in the company's annual report.
Total operating revenues for the year
were $50, 1858, or 1873 per cent bet
ter than the 1885 total Of $42. .425,02l.
Operating expenses last year were
l,170,782, as compared with s37.-
906, 7O1 in 1885, leaving the railroad
with net operating revenue in 1895
Of $9012,l85, as against $4,518,3l9, or
a gain of almost 100 per cent.
After miscellaneous deductions and
additions, the railroad reported an In
come balance available for interest of
$5,l97,170, or 252 per cent greater
than 1855 total Of l,476,34 How
ever, the railroad failed by $7,722, ,727
to meet its interest on fixed charge
obligations. In 1885 the difference
was $11 ,560,016.
The trustees reported they had bor-
rowed no money for any purpose dur
ing the year, but were able with cash
on hand and from operating revenues
to pay 21,056,434 for additions and
betterments, equipment trust certih-
Gates and various interest charges.
Evening star., 1937-05-23
COTTON RECEIVERS
ON BETTER TRADE
AND SPOT DEMAND
Final Prices 8 to IL Points
Net Higher in Active Week.
End Trading.
BY the Associated Press.

NEW YORK. May 22.-Cotton re-
covered today as scarcity Of con-
tracts developed with the appearance
Of trade and commission house buy
ing. October sold up from 1910 to
1890 and closed at 1877, with final
prices to l3 points net higher.
The market opened 4 to IL points
higher on renewal of Bombay buy
ing in distant positions combined
with trade and spot house demand
for nearby deliveries
A reaction Of a few points from
opening levels occurred under little
local selling on reports of showers in
North Texas and Oklahoma. but
when the market displayed resistance,
rebuying appeared
The Commodity Credit Corp. re-
leased s,306 bales OF Government loan
cotton during the week ended Thurs
day, making a total of l.308,5l5 since
February i. Cotton goods markets
remained quiet. Several additional
New England mills we're scheduled to
close this week. The amount of cot
ton on shipboard awaiting clearance
at the end Of the week was estimated
at 1000, against $4,000 last year and
$4,000 two years ago.
The range follows.
Evening star., 1937-05-23
AMERICAN c. & T.
EARNINGS CLIMB
$12.357.891 for II Months
Compares With Previous
$10,735,588 Total.
~ the Associated Press.

HS ife hSsoCldteO f1eSS-
NEW YORK, May 22-American
Gas & Electric Co. reported for II
months ended March 81 consolidated
net income of s12.357,sel, equal after
preferred dividends to 1923 share
on common stock. This compared with
$l0.735 ,588, or sl9l share. for the
II months ended March 81, 1886
Company operates in many States
in Eastern half Of the country.
American I. G. Chemical.
American I. G. Chemical Corp. re-
ported for year ended March 81 net
income Of s4,684,769, including ST.
166,093 profit on sale of securities.
This was equal to $3.50 a share on
class "A" and So cents a share on
class b. common stock For the IL
months ended March 81, 1896, net in
come was $3,302 .939, including s1,Ol7,-
839 profit on sale of securities, equal
to SALT a share on class "A" and ~
cents share on class "B" stock.
Florsheim Shoe Co.
Florsheim Shoe Co. reported for six
months ended April 80 net profit Of
s687,l88, equal to SLIP share on
class "A" stock and 86 cents a share
on class B" common This compared
with s428, ,467, or SLOT on class "A"
and 54 cents on class "B," in six
months ended April 30, 1896.
Other Reports Listed.
Other corporate earnings statements
issued during the week, showing profits
respective periods included:
Evening star., 1937-05-23
SANITARY DISTRICT
BOND AWARD MADE
New $500, 900 Issue Given to
Hemphill, Noyes and E. H.
Rollins & Sons.

Officials of the Washington Subur-
ban Sanitary District of Maryland
awarded yesterday to Hemphill, Noyes
& Co. and E. H. Rollin q Sons, Inc,
a new issue Of 100000 water and
sewer bonds on their bid of 102 438
for fixed rate Of 81 per cent. Bonds
are to be dated May /, 1897, and will
mature in so years, optional in 80
years.
They are being reoffered at
price Of l04 and interest to yield
about 329 per cent to the optional
maturity date The bonds are ex-
empt from all Federal income taxes
and tax exempt in the State OF Mary
land.
Evening star., 1937-05-23
FURNITURE SALES
EXPAND SHARPLY
Earnings Also Increase as
Construction and Reno
vation Gain.
Special Dispatch to The Star.

NEW YORK. May 2-Subetantial
gains in first quarter sales and earn
ings Of furniture and floor covering
companies reflect expanding activity
in residential construction and reno
vation. Increased public purchasing
power has stimulated this, according
to a new report in Poor's Industry
and Investment Surveys
Government figures indicate that
the number OF people at work in
manufacturing industries in Febru-
airy reached the highest total since
December, 1929
Cash farm income during the first
quarter OF 1887 was considerably larger
than in the opening quarter of 1896.
Residential building construction con-
tracts in the 81 Eastern States for the
first three months of 1887 increased
81 per cent over the corresponding
period in 1886.
All these factors have had their
effect upon the furniture and floor
covering industry" the report states.
Plant operations averaged around
90 per cent of capacity during March,
and orders booked by furniture manu-
facturers in the first three months of
1887 are reported to have shown
gain of so per cent in dollar volume,
over those of the 1886 first quarter.
Although there has been some tend
ency for prices to lag, there were ad-
vances earlier in the year, and more
are expected before July.
"Of primary importance to the fur
niture and floor covering industry is
the shortage of houses. From 1920 to
1880 approximately 100000 family
units were built annually. In 1888
and 1884, the number of new units
totaled only $4,000 a year. For 1886
the number is estimated to have been
nearly 250,OC0 units. There is the ad-
ditional factor that since 1890, the
population has increased approxi-
mately 5,65400 and there have been
nearly 100000 marriages since the
advent Of the depression Thus, the
filling of this shortage of new homes
has definitely favorable implications
for the furniture and floor covering
industry"
Evening star., 1937-05-23
BY LEONARD ]. REID.

BY Cable to The Star
LONDON, May 22-The final week
Of the long account period, which was
shortened by the Whitmonday holi-
day, produced no new important fac
tors Of influence on the securities mar
ket except continuance of satisfactory
company reports, good trade news and
encouraging business indices.
The technical position disclosed by
Fridays preparations for next weeks
settlement indicates no serious diff
culties are likely to arise next Thurs
day, due to the general improvement
in prices in the past week. On the
other hand, gilt-edged issues, after
several weeks of comparative flrmness
are showing an easier tendency, due
partly to resumption Of municipal
borrowing with Leeds City $4,000, 900
loan, and partly to current discus
sions of stabilization, which would in
volve qualification of the existing free
management OF monetary rates.
Domestic railways. which since an
nouncement of the budget have shown
Evening star., 1937-05-23
SMALL INCREASE SEEN
IN TRANSIT REVENUES
speciar Dispatch to The Star

Special Dispatch to The Star.
NEW YORK, May 22.-Revenues for
the transit industry for the week end
ing May Is, 1887, based on telegraphic
reports received from a representative
group OF transit operating companies,
showed moderate increase over last
year.
Transit Journals Revenue Indicator
stands at 103.53, which represents a
gain Of 3.53 per cent over the corre-
spending week in 1895.
For the week ending May 8, 1887,
the Indicator wss l05.22.
Improvement in transit revenues
was somewhat smaller for the latest
week than for the week which pre-
ceded it. Some cities showed a slight
decline, while the majority showed
moderate gains.
Evening star., 1937-05-23
LONDON PRICES IMPROVE
AS TRADE FORCES AHEAD
Final Week of Long Account Brings No
Factors Except Cheerful
Industrial Reports.

resistance to the general malaise, were
slightly stimulated by the companies
proposal Of per cent increase In
freight and passenger rates to offset
increasing labor and other costs. The
speculative sections, particularly mines,
have shown general improvement, the
rise in kafflrs being attributable to the
stabilization discussion, with some
lessening Of anxiety as to the future
of gold
Uncertainty as to the price of gold,
however, continues to dominate both
investment and speculation. Invest
tors and speculators naturally suspect
that. if the price of gold falls sub
stantially, this will be only part of a
definitely deflationary series Of events
which is bound to involve the whole
structure OF share and commodity
values. Competent observers do not
share these anxieties, but the latter
undoubtedly exist and the markets are
not likely to recover substantially until
they are cleared away by an authori-
tatiVe statement
tCopyrisht, 1887, by the North American
Newspaper Alliance, Inc)
Evening star., 1937-05-23
MAY CORN JUMPS
TO 12-YEAR PEAK IN
CHICAGO MARKET.
Price of $1.385s Also Helps
Offset Mild Weakness in
Wheat Futures.
BY FRANKLIN MULLIN,

CHICAGO, May 22-The wheat
and bearish news today with an ad-
vance Of IL cents bushel that
later was partially lost.
Unexpected gains of Liverpool wheat
prices and a wide upturn in Chicago
corn, with May corn rising to new
II year peak of s1355s, more than
Offset reports of much needed rain
fall in important wheat producing
areas southwest which served to in
luence selling Giving the market a
nervous, ragged appearance at the
close.
Selling of May wheat was resumed
late in the day and that contract
lost all OF the upturn This liquida-
ton, traders said. apparently repre-
sented closing out of May accounts
with only three more days Of trad
ing in May contracts permitted. New
wheat crop futures held most of their
gains, however.
Wheat Closes Higher.
Wheat closed "a lower to IA higher
compared with Fridays finish. May,
1884: July, l21 12-5s; September,
l20ls-14. and corn was 4 -312 higher,
May, new. 1851; July, new, l225s-7s;
September. 1.12A-3s Oats gained,
Al2; May 5la4; rye, VI cent; May.
1.17l4, and provisions were unchanged
to 20 cents higher.
The late advance of almost ; cents
a bushel at Liverpool after a lower
opening was unexpected in view Of
yesterdays Chicago decline, and as q
result buyers here lost no time in
pushing prices upward to reflect the
action abroad The days highs were
scored during the first hour and sub
sequent market action represented
backing and filling within the maxi
mum range Of lla cents.
Strength abroad was attributed to
(See WHEAT, Page ca
Evening star., 1937-05-23
New Financing
Expected to Rise
From Low Point
By the Associated Press.

NEW YORK, May 22.-Despite bet
ter feeling manifest in security mar
kets. new financing has ebbed to the
thinnest stream this year, following
recent squirt when the bond market
Strengthened out after its New Year
fall.
Still many investment bankers look
for at least moderate revival in Offer
ings over the next few weeks. Ordi-
narilv June is fairly active month
for new offerings, anyway, and the
urge to raise funds for expansion
and additional working capital has
been evident in statements and ac-
tions of numerous corporations Out
standing has been the Du Pont pro-
posal to sell about s50,000 900 In pre-
ferred stock
Another sign of financing urges was
seen in a succession of stock split-ups,
mostly by secondary industrial cor
porations. One comes from PAN
American Airways, a vigorous, grow
ing transportation unit.
Wall Street commentators pointed
out division of shares to bring lower
market price naturally tends to facili-
tate distribution to the public.
Evening star., 1937-05-23
CAPITAL TRACTION BONDS
SCORE PRICE ADVANCE

Capital Traction SIS were in lively
demand on the Washington Stock Ex-
change yesterday, selling at SO, 881a,
891z and closing at 89%. The turn
over was the largest in some time and
the bonds gained strength as the ses-
sion advanced.
Small lots of Capital Transit stock
we're In demand, five consecutive sales
being recorded at 10A, up an eighth
from the last previous sale. American
Security & Trust Co. stock figured in
q. nine-share sale at 295 and 100
shares of Real Estate Mortgage &
Guaranty preferred brought 81.
Chevy Chase Club first ~ bonds
recorded $1,000 transfer at 104A,
the first sale in many weeks.
Evening star., 1937-05-23
CONFECTIONERY SALES
FAR ABOVE 1886 MARK
Nv the Associated Press

Nv the Associated Press.
Confectionery and chocolate prod.
ucts sales for the first four months
of this year are reported by the Cons
merce Department at $84,50O,OOO,
compared with s7s,500,ooo in the sans
period last year.
Almost all manufacturers shared In
the increased business this year, the
department says, with largest upturns
listed tor the Middle and South At.
lantic Coast States, the North Central
States and the Pacific Coast area.
Evening star., 1937-05-23
INVESTMENT COMPANY
STOCK INDEX HIGHER
81 ecial Dispatch to The Star.

SCIHI bCHI
NEW YORK, May 22.-The invest
ment companies common stock price
index advanced with the general mar
ket last week, according to the aver
ages compiled by Distributors Group,
Inc
The average for the common stocks
for 10 leading management companies
influenced by the leverage factor stood
at 22.06 at the close Of May Il, COM
pared with 2l.35 on May II.
The average Of five mutual invest
ment funds closed at 1859 on May Il,
compared with 1915 at the close Of
the previous week.
Evening star., 1937-05-23
NEW YORK PRODUCE.

NEW YORK. May 30 P,.-Eggs. 37.l25:
unsettled. Mixed colors: Special packs,
234a24a4; standards, 22Aa23; storage
packed firsts, 2214a221a; -f1rsts. 2Ol2a21 Y
mediums. 1s34; dirties. No. l. 1912al994:
average checks. 1sEaa1s94.
Butter. l2.37S: easier. Creamery: Higher
than extra. 81 l2a32A: extra t92 score).
onds ts4S7 scores), 23a27: centralized
go score), 29s4a30.
Cheese, 154,3 ,394; steady and un-
changed
Live poultry by freight, steady to firm:
prices unchanged
BY express steady to weak Broilers:
Leghorn. 1920; other express prices un-
changed
Dressed poultry steady and all fresh and
frozen prices UNCHANGED.
Evening star., 1937-05-23
GENERAL MOTORS PLANS
FRIDIGAIRE EXPANSION
3v the Associated Press.

BV the Associated PreSS.
DAYTON, Ohio, May 22.-Plans for
construction Of two new factory build
ings and enlargement of the Moraine
City, Ohio, manufacturing facilities Of
Frigidaire Division of General Motors
Corp. were announced today.
The work will be started within the
next few weeks in preparation for 1888
production
Evening star., 1937-05-23

Cott0nseed Oil.
Cottonseed oil was flrmer today on
covering and local buying aided by
flrmness of allied markets and steadi-
ness of crude oil.
Final prices were to 10 points net
higher. Sales were Al contracts.
Bleachable spot nominal: July closed
s86, September 997. October o9l,
December 9.85, January 985.
Evening star., 1937-05-23

Cotton seed oil closed steady. Bleach
able prime Summer yellow. 9.aOb- lOa;
prime crude. nominal. May. a.22b; July.
a.33b: September. 944b; october. Gal;
December 9.34b: January. 9.35b.
Bid. Asked
Evening star., 1937-05-23
CHICAGO STOCKS DULL,

CHICAGO. May % P)-Chicago
stocks showed comparatively little
strength today in modest dealings Of
only $4,000 shares.
Evening star., 1937-05-23
New Orleans Prirex.

NEW ORLEANS May 90 tP-Cotton
FUTURES closed steady at net advances Of
p0jnts S-
The Washington times., 1937-07-19
Cliff Spencer Resigns,
Then Changes Mind
And Is Back on Job

Cliff Spencer has had q change
of heart. Cliff, as we all know, is
the professional at Beaver Dam
Country Club at Landover, Md.
But last week, while out Of town
competing in the Shawnee Open,
a rumor broke and turned out to
be correct, that Spencer was re-
signing his post at Beaver Dam.
A flock Of the local commercials,
including the pride of Washing.
tons public amateurs, Claude
Rippy, were prominently men.
toned for the post Of the resign
ing pro.
But now Cliff is believed to have
ironed out the differences be.
tween the club and himself, what
ever they we're, and now all is
hunky-dory.
Cliff is expected to barge
around the country during the
winter tournament season, starting
with the Hershey Open, early In
September.
The Washington times., 1937-07-19
Cooler Weather
Pops Up Golf
Game Here

Cooler weather conditions due
to a soft breeze from out Of no
where gave local golfers a fine
afternoon yesterday to make up
for slovenly playing last week due
to the heat barrage which had
descended upon this territory, and
courses in particular during the
past 10 days.
Activities ran rampant at all
the courses with the result that
some mighty fine golf shooting
was recorded at nearly all the
links spots.
Kenwood Golf and Country
Club in the midst of the annual
72-hole medal tourney for the
japanese Embassy Trophy, con-
cluded the first half Of the play
over the weekend with C. r. Tay-
lor and j. w. Nesbitt leading the
flock. Taylor turned in a card
of 84-90.21-132, while Nesbitt
deadlocked this with 85-87-20-132.
Two are tied for runner-up post
with 1874. They are John Berglin
and w. o. Wooley.
Miss Trautman Wins
The Tom Moore Trophy play at
Capital Country Club goes to Miss
Joyce Trautman, who banged out
a net score Of 10 yesterday. The
winner barged in with a LOT and
was aided by a handicap allow.
ance of % shots. Two finished in
a tie for second-Spot honorS. They
were Jane Daniels and Mrs. Roy
Attn, each Of whom shot 80 nets.
This Howard Nordlinger DUST
can't be stopped at Woodmont
Country Club. Yesterday was the
concluding day Of the weekly
handicap sweepstakes event and,
as usual, Howard was at the top
Of the brigade to capture the do.
re-mi. He shot a II for the
wampum.
Scores Eagle
Dave Schwartz finished second
in the Woodmont affair, by post
ing a 70 and AL Schneider with q
"a pulled up third. All this was
in the Class A competition.
In the Section B play George
Jacobson, Stanley Fischer and
Harry Croonin deadlocked for
first place by posting cards Of rs.
Over at Argyle, B. A. McGinn
captured the senior club cham
pionship by carding a pair Of AS
Continued on Page Fl, Col. II
The Washington times., 1937-07-19
PICKUPS AND PUTOUTS

at Frederick, (Md.), hospital.
Brawner was operated on Satur.
day . week ago. being taken
Ill suddenly.
"Chief" GuyOn, Eastern High
"Injun" coach, likes to regale
hearers by remembering how his
mother used to hang him on a
limb when he was a "papOOse"
.. but it's dollars to dOughnutS
the "Chief" was never on = res
ervatiOn. and slept in q trundIe
bed like all of US good Christians.
Washington lost one Of its
most outstanding and popular
anglers and spOrtSmen. Jim
The Washington times., 1937-07-19
Allison, Net Ace,
May Retire Soon

SPRING LAKE, N. j., July 10.
Although victorious in his first
eastern tournament this year,
Wilmer Allison. former. national
champion, was undecided today
as to his tennis future. He
planned to consult q doctor
about his sore arm, which has
prevented him from regaining
anything like his former effec.
tiveneSS on the courts.
In the final Of the Spring Lake
tournament yesterday, Allison
defeated Ernest Suffer, Of New
Orleans, national intercollegiate
titleholder from Tulane. The
score was 1-6, 81, Ga, Ga.
The Washington times., 1937-07-19

Arthur Dutch" Bergman,
silver.haired Catholic U. grid
mentor, turned sports COIumnlst
for one day to please his old
NOtre Dame school chum, Art
LeaMOnde, sports editor Of the
New York Morning Telegraph
This is the first time in
many years that Lynn Wood
worth, Roosevelt Highs ath.
letic coach, has not taken . trip
to Europe.
SOft-speaking 3rawner Mich
olson, Fairway's sport store Oper-
atOr with Leo Callaghan, Is re-
covering from an appendectOmy
The Washington times., 1937-07-19

The Hobo and the Champion
rest on their arms today before
their meeting at Griff Stadium
tomorrow night for the Variety
Club fresh air fund. No title will
pass regardless of the outcome, for
the reason that williams will come
into the ring at 1853 pounds,
Williams, although he probably
knows nothing Of it, is following
the trail blazed by Paul Berlen-
bach, who was a far greater fighter
than most contemporaries are
willing to admit. Even in his de-
Ginning days, Berlenbach escaped
the marks of his rugged profes-
sion. Berlenbach was wrestler
of repute, an amateur champion
and olympic candidate before he
turned professional.
Developed Physique
Williams met the strong men Of
the hinterlands as a wrestler in q
carnival. This, with his work driv.
ing pegs to hold the canvas tent,
wrecking out-modeled automobiles
with a sledge hammer gave him
his splendid physique.
So far, the muscular develop
ment has not handicapped Will
liams in the ring. Usually these
boys with bullying bicepS grow
arm weary. Their punches lose
snap after few rounds, and their
blows become heavy, rather than
sharp and shocking.
The lean and lanky boys, with
long, Stringy muscles, make the
best fighters. Bob FitzSimmonS,
a blacksmith in his youth. was
typical. Fitz was the greatest
puncher Of all time, if you listen
to the oldtimers, but his arms
never were bulky. Fitz has fore
arms that were powerful, and his
deltoid development was the
marvel of his time. There lies
the source Of true punching
power.
A Fighting Champion
Williams accepts this 11Stlc al"
venture in characteristic manner.
Sure. he's fighting the champion.
But say, Teller, the champion is
fighting Hobo Williams, and he's
in for a rugged evening.
Steele, with the confidence Of
the titleholder, looks to a rugged
night with williams. Nothing
soft in the bout If you ask Fred.
die. That, however. mirrors the
soul Of Steele. He is not going
to lose; not going to suffer too
much, but every man with two
arms and two hands is danger.
Gus in his book.
They're different types, diff.
ferent personalities, but they're
both fighters at heart. ThereIl
be action. and that the odds
favor steele is no indication that
there will be dull moments once
the bell rings.
The Washington times., 1937-07-19

ship when he won over Heffner,
So, 6-3, 16. Bowden Is the
sixth seeded player in the tourna-
ment.
Adair and Goeltz, who stack
up as quite q doubles combina'
ton, yesterday defeated the
veteran pair Of racketerS, Fritz
Mercur and Harold Hilton, for
the Lehigh valley doubles title.
The match was played at EaSton,
Pa. The scores were as. 6-3,
e3, 40, 13.
Mercur and Hilton were top
heavy favorites to win, but the
superior play Of Adair and
Goeltz won the day for the two
''Buddies."
and Hilton have opposed Adair
and Goeltz in final matches Of
important tournaments. The
score now stands at 81 in favor
of the Adair and GoeltZ. In the
Iehigh district Mercur and
Hilton won. In the Northeast
Pennsylvania and In the Lehigh
Valley championships, Adair and
GoeltZ won.
Eight girls play four important
matches today in the current
Department Of Fairgrounds
Girls Championship Tourna-
ment.
The eight are Hazel Jimmy"
Bishopp, Lucille Mcdowell,
Shirley Combs, Dorothy Haislup,
CONTINUED on Page 20, Col. ~
The Washington times., 1937-07-19

Duffy. and his friends and
many admirers mourn his pass
ing sincerely. Jim died Of
streptOcOccuS infection devel-
Oped in January. He was q
hunting dog fancier Of wide
repute.
Eddie Roche, who rides Chesa-
peake Bay waters whenever his
speedbOat will work, which isn't
often, reports that crabs were
plentiful around Plum Point
until Eastern Shore commercial
fishermen cleaned out the
"jOint" with trOt lines.
GLNO SINH
The Washington times., 1937-07-19

The two juniors are Harry Heff-
ner and Ralph Buddy" Adair.
The chap referred to as one of
the most popular players ever to
appear in Washington is Frank
Buddy" Goeltz, the WilkeS-Barre
wonder.
Heffner, playing in mighty fast
company, lost matches Saturday
and yesterday. Harry lost the
final Of the Eastern junior at
Forest Hills on Saturday. Joe
Fishback, a 17-year-old lad from
st. Johns of Brooklyn, won the
championship by defeating Heff-
ner, 6-3, 90, 81. Yesterday,
Frank Bowden, Of New York, won
his way into the fifth round of
the Eastern clay court champion