davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-12-27

BACKS
c. & FL. CHANGES
Official Favors Debtors Plan
but Declares Common
Equity Va|ueless.
Ey the Associated Press,

Ey lIlt ASSOClbteu fIe6S.
An Interstate Commerce Commits
sion examiner recommended today
that the debtor plan of reorganiza tion
for the bankrupt Chicago Il Eastern
Illinois Railway Co. be approved with
three major notifications.
The examiner recommended that
the commission find the holders Of
the carriers common stock had no
equity in the reorganized company:
that the capital of $4,000, 900 pro-
posed be reduced to 365, 900 900. and
that general mortgage bondholders
be given greater participation in the
reorgani1ed road
Milo H. Brinkley, the examiner.
said the commission should find that
the equity of common stockholders in
the property has no value
The road. which operates in nN-
nols. Indiana and Missouri. with sl3
miles Of road and 1852 Of track, has
total of $23.845,300 Of common
stock. most of which is owned by the
Chesapeake d Ohio Railway.
OppV0Co SVuuIUVu
Brinkley said a review Of the roads
history showed that the holders Of
common stock should not be per-
mitted to participate in the distribu-
ton Of new securities" This modi-
fication. he observed. would materially
reduce the stock interest in the reor-
ganized company which would 10 to
the c. Il O.
Under the debtors plan, for each
$1,000 bond the general mortgage
bondholders would be given $500
principal amount OF per cent in
come bonds. $500 par value of per
cent preferred stock and la4 shares
Of no par value common stock for
their claims
Brinkley held this common stock
allotment should be increased to four
shares for each $1,000 bond. The
bondholders would thus be allotted
l22.836 shares. or at the approximate
rate OF one share for each $50 of
interest.
Favors Smaller Capital.
The debor plan proposed a capi-
talzation of s6s.O67. 100 for the new
company. Brinkley held the commits
sion should limit this capitalization to
an amount not materially in excess
of s65.00o 900. in order to make GER
tain earnings on the capital could
be met. The old capitalization was
$79 40 400
Brinkley said the old preferred
stockholders have an equity OF about
slO0O0,000. Allotment to them OF
220, ,46l shares of common stock would
give them one share in exchange for
each share of old preferred stock.
and their holdings of new stock would
be about two-thirds of the total COM
mon stock of the new company.
Brinkley. said the commission should
find that this distribution. which
would require the issue of total
of 343,297 shares of common stock,
is fair and equitable"
Evening star., 1937-12-27
CURB LIST DRIFTS
TO LOWER LEVELS
Specially and Power Issues
Prominent in General
Market Decline.
~ TIE Associated Press,

~ TIE Associated Press.
The curb market worked lower to-
day. with speciality and utility shares
In supply.
Of more than points was Alumi-
mum Co. Of America. Others to dip
were McWilliams Dredging. Northern
States Power "A" American Gas Il
Electric. United Gas and American
Cyanamid b"
PittsburR Plate Glass was resistant
and added around point. Frac-
tional gamers included Pan-Ameri-
can Airways, Columbia Oil e. Gaso-
line and Leonard Oil!
Evening star., 1937-12-27
FOREIGN EXCHANGES.
tReported by w. B, Hibbs e. Coz
BOSTON WOOL MARKET.

BOSTON Dec - fP Omitted States
Department of Agriculture> A little in
terest was being shown in fine territory
woods on the Boston market TODAY. but
no buying of szsbe weight had been re-
ported.
- Quotations were mostly unbalanced from
last week. Graded French combing lengths
fine territory woods were quoted mostly
lots comprised of s.erage to short French
combing and the better length Clothing
pne territory wools were quoted around
20 cents secured basis
Evening star., 1937-12-27
SMALL INCREASE SEEN
IN MORTGAGE LOANS
b the Associated Press.

By the ASSOClated Press.
said mortgage loans made by savings
and loan associations in this country
during November had increased ! per
cent over the same period last year.
The loans totaled S53. 10000 in
November, compared with $50 .oo7, 900
in November, 1886
Evening star., 1937-12-27
Republic Steel
Points to Adverse
Factors in Year
~ the Associated Press.

CLEVELAND, Dec. 27.--Republic
Steel Corp. in 4 letter to stockholders
today. said IAN the adverse factors
which have confronted the company
in 1897 have frustrated our earlier
hopes that . common stock dividend
would be possible"
The company has paid no common
stock dividends since the drst year
Of its organization in 1890. The d.
rectors on December 8 declared divi.
dends on prior preferred stock.
1T is becoming increasingly clear. +"
the letter said, that q sound and
stable national policy Is now impera-
tive II confidence Is to be restored" :"
Evening star., 1937-12-27
NEW YORK SUGAR.

t, NEW YORK. Dec. - tP.-Susar fu-
lures were quiet today, but prices were
higher on covering in the No. 3 con
tract and buying By houses with Cuban
connections in the No T.
: January No. 3 sold at %, and MAY
At 2.3o. or 2 points net higher. March
No, sold at lis and September "a or
j point net higher
Evening star., 1937-12-27
NEAR COMPLETION.

The Lighthouse Service announces
,insta liza tion OF q new radio beacon at
old Mackinac Point light station In
the Straits Of Mackinac. Mich. u near
completion.
Evening star., 1937-12-27
VISIBLE GRAIN SUPPLY.

NEW YORK. Dec. ~ tP.-Visible
supply OF American grain. compared
with the previous week, in bushels. fol-
lows: Wheat decreased 1886, 900;
corn increased 2,4o5.000; oats in
creased $4,000; rye decreased 2l0, 600;
barley increased 1l5,000.
Evening star., 1937-12-27
FOREIGN MARKETS

PARIS. Dec. % tP-The Bourse closed
With mixed tone today. although prices
generally were higher. Rentes finished
UNCHANGED to 35 centimes up, Royal Dutch
advanced 10 francs and Suez Canal Is.
Railroad and electric issues were firm
London and Liverpool were closed
Evening star., 1937-12-27
WINNIPEG MART CLOSED,

WINNIPEG, Dec. ~ R.-The
grain exchange here was closed today.
Trading In securities and silver con-
tinued as usual.
Evening star., 1937-12-27

r In bakruptcy or recelvership or boing
reorganized under the Bankruptcy Act Or
Ex dividend . Also exers or extras.
b Including extra or extras. Paid last
year. Payable in stock Declared or
paid so far this year no regular rata
h Cash or stock Accumulated dividend
paid or declared. ur Under rule w With
rants
Rates Of dividends in the foregoing table
are annual disbursements based on the
last quarterly or semi annual declaration.
Unless otherwise noted; special or extra
d1vldena are not included.
Evening star., 1937-12-27
Washington Exchange
SALES.

Potomac Electric Power S1a nd
At 111a.
Mergenthaler Linotype-l0 at "A, 10
At ~, 5 At "a.
Evening star., 1937-12-27

'Ex dividend
tPlus extras. egg extra fear extra
cents extra. ''30 cents paid June "a.
1887.
Evening star., 1937-12-27

lnts New. st tStpI--Stamped
fCompanies reported in receivership.
Evening star., 1937-01-29
LAST.MINUTE GOALS
TRIP TERP TOSSERS
Tied by N. c. S. as Regular Game
Ends. Five Bows in Overtime.
Carolina Foe Tonight.
cecjal Dispatch To The Star.

Special Dispatch to The Star.
CHAPEL HILL. N. c., January 29.-
~ Squelched in the first of three at
tempts to raise its standing in the
Southern Conference, Maryland's bas-
ket ball team invaded this university
town to stack up against North Caro-
lina's crack quint tonight after drop
ping a 35-to-33 period tilt to
North Carolina State last night at
Raleigh.
Maryland, holding a 31-to-29 lead
with less than two minutes of play
remaining, saw Capt Neil Dalrymple
flick lengthy pot shot through the
cords to tie the score and extend the
game to an extra period. The Terps
experienced the same luck in the extra
session.
Following an unsuccessful pot shot,
Knocky Thomas, lanky guard, tossed
in what appeared to be the winning
basket for Maryland. With only IS
seconds of the extra quarter remaining,
however, James Bennie bucketed one
from midcourt and Connie Mac Berrie
followed 20 seconds later with another
lengthy basket to place the game be-
yond Maryland's reach.
Dalrymple and Berry, with IL and
10 points, respectively, paced North
Carolina States attack, while Thomas,
with 10 points, captured scoring hon
ors for MARYLAND
Evening star., 1937-01-29
EASTERN BATTLES
ANNAPOL|SPL
Basket Game Is One of Six
Events Comprising Varied
Card Tomorrow.

A NNAPOLIS, Md, January 29-
~ The Naval Academy will end
~ its January athletic campaign
= with a bill of six events on
Saturday, the card containing the
opening contests In boxing and
fencing
Boxing against Western Maryland,
the sole evening attraction. is the high
point of the program. During the
afternoon there will be wrestling
against the university of North Caro-
lima, basket ball against Swarthmore,
fencing against ST. Johns OF Brook
lyn and water polo match with Gen.
tral Queens Y. NJ c. A of New York
City. The Plebes meet Eastern High
School of Washington in basket ball.
The indications are that the Navy
will contest its initial boxing match
with six of its eight champions from
the youngster, or sophomore class.
Spike Webb stated that Herbert Bent
ham and Gene Fairfax Of that class
probably would displace Capt. Cliff
Hooker and Ed Luby in the l55 and
las pound classes. respectively.
Evening star., 1937-01-29
HOUGH, WILLIAMS GET
SPOT ON BOXING BILL
MARX HouaH, former interna-

MARX HoUGH, former interna-
Az tional amateur welterweight
champion. will meet Sammy williams.
local colored fighter, in six-round sup
port Of the Freddie Miller-Joe Temes
feature 10-round bout at Turner'S
Arena Monday night. 1t was an
nounced today by Matchmaker Goldie
Ahearn.
Hough, who has suffered two Of his
few defeats at the hands Of Williams
since turning professional, lost his last
start against the local larruper
through a technical knockout, receiv-
ing q badly gashed eye.
In another six-rounder Hobo Will
liams, Alexandria ,middleweight. who
was given little opposition last week
Ia disposins Of . sawiy Billy Davis.
vtl naal johnnx V.ndsos
Evening star., 1937-01-29
Basket Ball Keeps Golf Champ Fit DettueiIer Team
20 YEARS AGO
IN THE STAR

SUPERIORITY from the foul
line enabled Georgetown's bas-
ket ball team to defeat George
Washington's. 31-24. at the Y. NJ.
c. A. The difference in the teams
totals was just the difference be-
tween the free tosses, each aggre-
cation making seven field goals.
Fees Of Georgetown was a sensa-
ton from the 15-foot strike, sink
ing II foul attempts.
Gallaudet's five sprang a real
upset in local circles when it noSed
out Catholic University, 1928, at
the Carroll Institute gym. The
small court. although the home
floor Of the Brooklanders, was used
to advantage by the visitors, who
were ever ready 10 shoot from any
position on the floor. A. Wegner Of
Gallaudet sank two of his four
field goals from beyond the center
line.
The Chesapeake Bay Yacht
Racing Association, with which the
Capital and Corinthian Yacht
Clubs are affiliated. has selected
the period Of July 21-28 for its an
nual cruise. A. B. Bennett, jr., of
Corinthian and Adrian Sizer Of
Capital are members OF the asso-
cations Board Of Directors.
Evening star., 1937-01-29
c. u. GAME IS SAVED
BY CARROLL IN PINCH
Foul Shot Near Finish by Cards
Top Scorer Gets 1882 Win
Over Western Maryland.

A NEW scoring star at Catholic
University to aid the somewhat
overworked Hermie Schmarr loomed
today as Cardinal basket ball support
ers praised the play Of Irish Carroll
last night in turning back Western
Maryland, 1892. in a hectic game be-
fore 1000 spectators at Brookland gym.
Contributing II points to lead the
Cards In scoring, Carroll tossed in the
winning point from the foul line in
the last 2 minutes of play and also
engineered a smooth floor game.
Leading, 21-12, at the half, the Cards
saw the Green Terrors unleash q
potent attack to slice the margin to
1890 with two minutes to play. Car
roll then cashed in on foul shot just
before BENJAMIN tipped in the final
field goal for Western Maryland.
Ken Adriance. with IA points, cap
tured individual high scoring honors
for the Green Terrors. Schmarr added
10 points to his impressive season total.
Evening star., 1937-01-29
MARYLAND BOXERS
OFF TO FACE v. M. |.
Shegogue Returns, Gormley Makes
Light Heavyweight Limit
for Meet Tomorrow.

NIARYLANDS boxing team, al
A'A nearly full strength. was to leave
for Lexington, Va. this afternoon
where the Terps will fight v. NJ. I. to-
morrow night.
Ed Shegogue, ace 115-pounder, who
was i'll last week. is back. and John
Gormley has made the 175-pound scale
to replace Lancelot Jacques, who has
had influenza for two weeks. Gornley
also was out a week ago against North
Carolina, being unable to come within
the light-heavy limit.
The Terps doubtless will need all
their assets, as V. NJ. I. got a 4-all
tie with Virginia last week.
Maryland's lineup:
lis. Ed Shegogue; 125, Tom Bir-
mingham: 49,. Benny Alpersteir; l45,
Ivan Nedomatsky: l55. Mike Lor-
bardo: 165. Bob Walton: IT'S. John
Gormley; heavy (212), Ed Egne!l.
Evening star., 1937-01-29
Par Comes Easy.

I'D DUDLEY, Philadelphia, winner
- Of the Sacramento open last week,
shot a SO, as also did Byron Nelson,
Ridgewood, N. j.: Jimmy Hines, Gar
den City, N. j.; Neil Christian, va
kima, Wash, and Bill Nary, Vallejo,
Calf.
Twenty-nine of the starting field Of
lat either shaded or equaled par.
This class included Sam Snead, White
Sulphur Springs, W. Va, who won
the recent Oakland open; John Re-
volta. Evanston, Ill, and Craig Wood,
New York, all with 70s: Ralph Gull
dahl, Chicago: Harold McSpaden,
winchester, Mass; Paul Runyan,
White Plains, N. Y, and 1885 National
Open Champion Sam Parks, jr., Of
Pittsburgh, all tied at II.
Evening star., 1937-01-29
Hoffmeister Still Out.

AL HOFFMEISTER. star forward.
is still out with knee injury re-
ceived last week in the game against
Southeastern and several Blue re-
serves are on the sick list.
A more promising outlook is held by
the Blues wrestlers, who have won
their first two matches rather convinc-
ingly. Baltimore City College will be
the foe tomorrow night. however. and
the memory of consistent defeats by
that team will extend Gallaudet S
grapplers 10 their best efforts.
George Culbertson. Will Rogers, HUI
bert Sellner. Earl Jones. Otto Berg.
Ned Wheeler, John Classett and ClaX-
ton Hess comprise the men on whom
the Kendall Greeners' hopes for victory
will rest.
Evening star., 1937-01-29

Totals----13 026 To,
Evening star., 1937-01-29

WO OF washington ieaClnS
golfers-one an outstanding
feminine star and the other
Evening star., 1937-01-29
SCHAEFER CUE MASTER
Leads Hoppe, 1900 to 1,17s, for
World 2S.2 Balk Title.

CHICAGO, January 20 R).-Jake
Schaefer of Chicago held 322-point
lead today over Willie Hoppe of New
York in their 2,500-point match for
the world 2S.2 balkline billiards cham
pionship and was 4-to-1 favorite to
win the title and a $1,000 side wager.
The point score, with four blocks to be
played, was 1,500 for Schaefer to 1,17S
for Hoppe.
In yesterdays two blocks Schaefer
added Is points to ~ lsaA =
Evening star., 1937-01-29
PLAN TO COMPETE
IN FLORIDA EVENT
Helen Out to Become One of
Best Woman Golfers in
United States.
BY w. r. McCALLUM.

WO OF washington ieaulng
golfers-one an outstanding
feminine star and the other
L one Of the better profession
als-will team together early next
month in one Of the bigger tourna-
ments Of the South Florida area.
Helen Dettweiler of Congressional,
who has been going great guns in
Florida, will pair with Roland Mac
Kenzie, Congressional pro, in q lady,
pro tourney at Hollywood, . few miles
north Of Miami.
The tourney will be held at Johnny
Farrells course, and involves a run
of more than 300 miles by Roland
from his Winter post at Jacksonville
Beach. But such runs are minor
matters in Florida, where the dis
tances are great and a motor trip Of
800 miles Is just an incident.
Helen did pretty well against Patty
Berg at Punta Gorda, where the
young Minneapolis star whipped her
by and l. The Dettweiler girl was
! up at the turn. with an outgoing
80, but she couldn't hold the pace
on the back nine against Pattys
sharpshooting. Helen Dettweiler IS q
much improved golfer-no doubt Of
that. And If she keeps on getting
better sne will come pretty close to
her ambition, which Is to be one Of
the top golfers of the land. But un-
less she can whip the Berg girl and
q few others she isn't going TO win
any big championships.
Evening star., 1937-01-29
TERP FROSH ADD ONE
Make It Five Straight by 1926
Win Over G.. w. Hieh.

Still undefeated, the University of
Maryland's freshman basket ball team
expects some of its stiffest competition
Of the esason from Central next We'd
nesday, although If the little Terps
maintain the pace they displayed in
trimming George Washington High,
1926, yesterday at College Park, Cen
tral probably will be their sixth con-
secutive victim.
The Frosh jumped into a 1910
lead at halftime and never were
threatened.
Spero Kolius, former Roosevelt High
star, was prominent In Maryland's at
tack with 13 points.
Evening star., 1937-01-29
Used to Collect Stamps.

AS A little fellow in his teens.
Johnny had hobby of collecting
stamps but that suffered when his
golf game developed into one of the
finest in the Nation. He still retains
the fine collection that he built up
with the aid Of his father. a letter
carrier. but he hasn't done much with
the stamps for about five years.
A modest, quiet chap, Johnny has
delivered scores Of talks before all
types of gatherings in the last three
months. The first month after win
ming the title he averaged three or
four speeches week and the last two
months he's made at least one ad-
dress a. week.
They're no short "howdy-do folks"
talks either. Many Of them run to IS
minutes while Johnny tells intimate
details of that uphill. extra-hole final
battle with Jack Mclean, the Scot.
With demands on his speech-mak-
ing talent taking up most of his spare
time, Johnny hasn't tinkered much
with his golf clubs. He has played only
three 18-hole rounds since September
and doesn't plan to play any to speak
Of until after final law examinations
at the university in June.
Still Uses Old Clubs.
Johnny. who still uses outrnoded
wood-shafted clubs in preference
to steel-shafted, has his, own manner
Of practicing shots. Lacking the
money to hire caddy for practice,
Fisher stuffs a couple of balls in each
pocket, selects club or two from his
bag (the bag is new but the wooden
clubs are 8 to 5 years old and the iron
clubs to Is years ODD and wanders
about the course. Dropping the balls
where no players will bother him, he
whales away, then chases after them
and tries different type Of shot
from another spot.
An hour OF that type Of practice
may give Fisher no more practice
swings than a golfer using a bag of
balls and a caddy would get in ten
minutes but it gives him a chance to
try shots from various angles.
Golf has taught Johnny an i'm
portant lesson-to keep an even tenn
per. Years ago he learned in tourna-
ment play that he couldn't afford to
have pet peeves, couldn't take a
chance on letting little things
bother him when he needed steady
nerves and close concentration for
his shots. The result has been that
of the golf course, as on it, aggra-
waiting annoyances bother him but
momentarily.
Evening star., 1937-01-29
Look TO Team Matches.

ONE of the features Of the coming
" golf year. if present plans work
out, will be resumption of the team
matches of the Middle Atlantic Golf
Association.
An invitation from the Country Club
Of Virginia to stage the initial series
Of matches at Richmond is before the
association and the first joust may be
held next Fall at the Jamer River
course of the Richmond club. where
a strong team of youngsters dominates
team play in the State.
Evening star., 1937-01-29
Salary Will Vary.

ZONES, who coached successfully at
" West Point, Louisiana State and
Oklahoma, leaving the last institu-
ton at the behest of the Army. will
receive $4,000 for his first years
service at Nebraska, $1,000 for the
second and $4,000 for each Of the
next three, his contract being for five
years.
He will be the Cornhuskers' ath-
letic director as well as foot ball
coach.
Jones was an all-high tackle at
Central High in 1912 and 1918 and
later starred at West Point. He will
finish his duties as commandant of
the r. o. T. c. and foot ball coach
at Oklahoma next month and move
to Nebraska.
Evening star., 1937-01-29
CosgrOve to Head Golfers.

lanes A. COSGROVE of the Manor
Country Club is slated to succeed
Martin R. West of Columbia a. presi-
dent of the District Golf Association
at the annual meeting of that or
ganization at the University Club
Monday night. The association will
award dates for the annual golf fix
lures around Washington at the an
nual meeting, with the season to be
opened at the Washington Golf and
Country Club on May 4. The District
championship will 60 to Columbia late
in the season
Evening star., 1937-01-29
.B|FF JONES NAMED
!. TO SUCCEED BIBLE
Washington Man Quits Army
to Become Sports Head
of Nebraska.

r AWRENCE M. (BIFFD JONES,
whose notable foot ball career
began with stardom at Gen.
~ tral High School, today held
the gridiron reins of the University
of Nebraska.
Jones, appointed yesterday to sue
ceed Dana x. Bible, who resigned at
Nebraska to accept the foot ball
coaching job at the University of
Texas. flew from Kansas City to
Washington to tender his resignation
as a major in the Army, terminating
q military connection of % years.
Evening star., 1937-01-29
Expects Tribe Contract.

LIE HASN'T received his Cleveland
contract yet. but expects it Is
waiting for him in Florida.
Campbell figures the recent Cleve-
land-St. Louis trade will benefit both
clubs. The Yankees and Tigers are
going to be hard to top next season,
he says. but the Indians will be strong
and may win the flag.
After visiting friends here few
days he plans to head back to Florida
to stay until training camp opens in
New Orleans. With him will go big
loving cup, presented by the Philadel-
phia base ball writers for his come
backs last season.
Evening star., 1937-01-29
Program Is Given.

THE other youngster fighters are AL
Barbem, lis pounds; Ed O'Herron,
1876: John Edwards. 165. and AL Wal
lace, unlimited. The team will be
completed by Macdonald Thompson,
first class. in the 125-pound class. and
Skipper Giffin. second class, in the
l75-pound class.
The events will start as follows:
p.m.-Fencing, Navy vs. st. Johns
of Brooklyn.
2:3o pm.-Basket ball, Navy VS..
Swarthmore.
$3.50 pm.-Water polo, Navy vs..
Central Queens Y. M. c. A. of New
York.
pm.-Wrestling, Navy VS.. North
Carolina.
Basket ball-Plebes VS.. Eastern
High.
pm-Boxing, Navy VS.. Western
Maryland.
Evening star., 1937-01-29
THOMAS, G0D0Y TO BOX.

NEW YORK, January 20 P>.-
Promoter Mike Jacobs has announced
the signing of Otis Thomas, Chicago
colored heavyweight, and Arturo
Godoy Of Argentina for a 1o-round
bout in the New York Hippodrome
Wednesday, February 3.
Evening star., 1937-01-29
School Comes First.
W1ASHINGTON'S other young fem
" inine star-Mariop prnvn-isnt

WASHINGToN's other young fem
w mime star-Marion Brown-isnt
going South for the women's Journeys
this year. Marion just now is more
interested in school than in golf. In
fact, she hasn't touched club since
she won a turkey tournament at
Manor in November and she doesn't
expect to play until Spring comes
along.
Marion will matriculate at George
Washington University next month
and won't get to Florida at all. even
though her father offered her VIM
ter trip. I'm just not interested in
going South to play golf.' said Marion.
Il like to play. but have to go to
school and I'd rather play in the Sum-
mer than in the Winter, anyhow. Just
now I have school on my mind"
Marion went to the Semi-fina, in the
Middle Atlantic championship at Elk
ridge last October. A lengthy putt for
bird on the nineteenth hole by Lily
Harper beat her.
Evening star., 1937-01-29
PAR SHELLACKED
|NC0AST TOURNEY
Thomson Is Four Under for
One. Shot Lead in First
Qualifying Round.
By the Associated Press.

b8 CIlt HSSUC dIPu PTtSS.F
- AN FRANCISCO, January 90
Pace-setter Jim Thomson, with
a subpar round already to his
- credit, led the country's barn.
Storming golf professionals who teed
of today in the second half Of So
hole qualifying tests for the $4,000
San Francisco match-play open tour
nament.
The burly links star from Shawnee,
Pa, ranked with the longest drivers in
the game, toured Ingleside's fairways
yesterday in 81.