davidaulloa/AmericanStories huggingface dataset:
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19
TRINITY PRESBYTERIAN
CHURCH
tColored)

Simonton Street
Alfred de Barritt, Pastor
Morning service, IL o'clock.
Church School. $3.50 o'clock.
Young People meet Z p. m.
Evening service, 7:30 o'clock
At this service Rev. De Barritt
will preach his farewell sermon
as he proceeds to another appoint
ment.
Mcknight service, Tuesday.
7:30 p. m.
Senior choir. Friday, 8 p. m.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19
MIXED BIBLE CLASS

Sam n. Pinder and w. r. Month
elmo. Tx achers
Meetings every Sunday morn
ing At the Harris School audi
forum. 10 O'Clock Men and wom-
Ell not connected with any other
Bible Class and regardless Of de-
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19
METHODIST EPISCOPAL
CHURCH. SOUTH

''El Salvador"
Grinnell and Virginia Streets
Guillermo Perez, Pastor
Services in Spanish)
Sunday school, 10 a. m.
Preaching, 8 p. m.
Preaching, 7:30 p. m.
Mothers Club, Monday, 8 p. m.
Bible study and prayer service,
Wednesday, 7::30 p. m.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19
SACRED CONCERT
SUNDAY EVENING

Sacred concert will be present
ed by the choir of Fleming Street
Methodist Uptown) church Sun
day evening at 1880 o'clock, ac-
cording to an announcement
made by T. B. Klebsattel, director
of music.
Program is as follows:
"The Glorious Cross"-Wilson.
LET Me Serve Jesus"-Jordan.
Jerusalem Parry.
HE Leadeth Me"-LorenZ.
"Since Jesus Died For Me-
Won Berge.
praise the Lord"-Thomas.
,,nY,nip afinnc arc invited tn At
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19
FIRST PRESBYTERIAN
CHURCH
White and Washington Streets
John c. Gekeler. Pastor


John c. Gekeler. Pastor
Sunday school, 10 a IN. VIM
d. Norman. superintendent
Morning worship. IL o'clock.
Sermon. Topic: Walking With
Jesus.
Evening worship. 7:30 o'clock.
Sermon topic: Mountains of the
Bible: Haitin. Hill of Blessing.
Mid-week Bible study wednes-
day at 1880 p. m. Special Thanks
giving service.
Good music. helpful preaching
and a cordial welcome character
lie the services. Visitors arc in
vited 10 worship with us.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19
THE CHURCH OF GOD
L. A. Ford, Pastor
110R Olivia St

L. A. Ford, Pastor
l106 Olivia st.
Sunday morning worship, ii
o'clock.
Sunday School,, 3 p. m.
Sunday evening preaching
service, 8 o'clock.
Prayer. meetings, Tuesday and
Thursday nights. 8 o'clock.
Special music and singing.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19

100 Southard Street
Morning worship, IL o'clock.
Sunday school, 3:45 p. m.
Gospel meeting, 500 p. m.
Bible study. Wednesday, 800
p. m.
Prayer meeting, Friday. 500
p. m.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19

Chamberlain comedies that
Germany must hold predominant
ing position in Central Europe
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19

nominations are invited to at
Ind.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19

Barometer 7:30 a. m. today:
Sea level, 2998.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19

Don't Answer"-Nov.. "a 10 .,.~
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-11-19
THE WEATHER

.sssssssssssssss-ssssss'
Evening star., 1938-02-08
FRISCO PICTURED
IN GOOD POSITION
Brown Tells !. c. c. That
Physical Condition of
Road Is Excellent.
By the Associated Press.

By the ASSOCIATED Press
Edward N. Brown, chairman Of the
board OF the st. Louis-San Francisco
Railway, which Is In course OF reor-
ganization, told the Interstate Com
merce Commission today the road was
in good physical shape"
II think our exhibits will prove that
the Frisco Is q going concern" Brown
stated.
Directors Of the petitionins railroad
proposed reorganization to convert
present outstanding paper into new
shares, with the shareholders partici-
pating on a percentage basis. The
board would merge subsidiaries into
one consolidated company.
The plan Of reorganization showed
that the company earned a net aver
age OF $l4.492,0 900 per year over the
past IA years. It's yearly operation
costs were averaged at ST. .e920O0
Brown testified that no funds would
be required by the railroad for physi-
cal rehabilitation. He said 1t was pre-
pared to handle the traffic which now
passes over It's lines.
Although earned revenue in 1885
was at low point, Brown estimated
earnings Of 1887 at approximately
$5,O0O,0O0.
There is every reason to believe
that as the business Of the country,
and particularly that of the Frisco
territory, returns to more normal con-
ditions," he testified. the Frisco will
be able to produce very much greater
net revenue than indicated during the
depression years"
Along this line of argument Brown
indicated that the line was in position
now to begin earning in the neigh
borhood OF the $4,000 900 which was
its average over the l921-l93e period.
He added:
When the work of readjusting
debtor and creditor relations through
out the country has been completed,
and the dislocations made by the de-
preston in business processes have
been readjusted, and rail rates, rail
wages and rail taxes have been
brought into line. and management
economies are applied, the Re-
adjustment Committee believes the
earning power of the debtor property
will again be comparable with that
average. From that point it can 60
forward with the expectation of added
prosperity in the growth and develop
ment OF the territory served by it."
Evening star., 1938-02-08
|. B. A. CHIEF HITS
EXCESSIVE RULES
Urges Senate Committee to
Avoid New Burdens for
Business. n
By the Associated Press.

By the Associated Press.
A spokesman for the financial world
pleaded with Senate committee to-
day to avoid burdening business With
additional fears, restraints and in
timidation II you want it to make
good"
Francis E. rockingham of Boston,
distinguished white-haired president
of the Investment Bankers Associ-
alton of America, made this request
Of the Senate Banking and Currency
Committee.
The Boston flnancier was one of q
group of investment bankers who
opposed legislation to enable over-the-
counter dealers in securities to regu-
late themselves under supervision Of
the Securities Commission.
rockingham said legislation spon-
sored by Senator Maloney. Democrat,
OF Connecticut, actually did not pro-
vide real self-regulation" because, he
contended. the commission would have
power over the proposed regulatory
associations.
He said the bill as now written was
"overregulation OF an already sorely
harassed industry" and said the gem
eral welfare of the security holders and
the public will not be best served by
passage of this bill in its present
form
Earlier he asserted that investment
bankers had supplied IS per cent of
funds for new issues for industry In
past years. /,
Primary function Of investment
bankers was to supply new capital for
industry, he said, and should not be
confused with stock operations (buy-
ing and selling stock securities after
they have been issued for the account
OF others) or with brokerage (buying
and selling for others in the over-the-
counter market.
John K. Starkweather. New York
City. suggested the first part of the
Senate bill, permitting self-regulation
by associations be revised and clarified
and the second part. permitting COM
mission controls, be eliminated.
Evening star., 1938-02-08
WHEAT REFLECTS
DROUGHT FEARS
Price of July Contracts Moves
Nervously as Traders Weigh
Crop Prospects.
BY the Associated Press.

BY the Associated Press.
CHICAGO. Feb. 8.-Like a sensitive
seismograph in scientists laboratory,
the price of July wheat, bobbing up
and down nervously in recent weeks.
registered today the grain trades
opinion concerning the seriousness of
drought in the Southwestern wheat
belt.
Wheat and rye plants are just rous-
ing from their winter sleep and other
1888 farm crops are only paper
planned" but traders here are fret
ting already about the prospective
harvest.
The market has been running a
slight temperature over reports that
drought again menaces the winter
wheat crop. There is evidence. too,
that much of the Great Plains area
Last seasons timely moisture helped
enough to permit harvesting of the
biggest winter crop in six years, but
traders are wondering now if that
production, estimated at 685 100000
bushels, can be equaled this year.
Farmers are estimated to have
planted 57,492,O00 acres to wheat last
fall, only 10000 less than the record
territory seeded year earlier. Since
then, duststorms have swirled over
the drought bowl, streams have mar
rowed and in some places farmers
have been hauling water.
Evening star., 1938-02-08
Daily OilOutput
Is Reduced 1880
Barrels in Week
By the Associated Press.

TULSA, Feb. 8-The Nations pro-
duction of crude oil decreased an aver
age Of 1880 barrels daily during the
week ending February to an average
Of 3,3l3,376 barrels daily. the Oil and
Gas Journal reported today.
Oklahoma production dropped POTTS
i. barrels daily to 533,100. East Texas
had an increase of 739 barrels daily to
423.989, and the State of Texas de-
clined 1928 barrels daily to 1,2l8,585.
In Louisiana production increased
$3.50 barrels daily to 258.000 Cali
fornia had gain of 1870 barrels
daily to 727000, and Kansas output
declined 1925 barrels daily to 1880
Eastern States. including Michigan,
registered an increase Of 383 barrels
daily to 1856 The Rocky Noun
tain area showed decrease Of 500
barrels daily to total Of 66.28O.
Evening star., 1938-02-08
BROKERS GLOOMY
OVER DULLNESS
Few Security Firms Able to
Cover Overhead Dur.
ing luII.
BY GEORGE T. HUGHES.
6reeial Dispatch to The Star,

SreelAl Dispatch to The Star.
NEW YORK, Feb. 8.-On the sur
face. there is no change in the prevail
ing Wall Street attitude toward the
markets or toward the business out
look. There is the same feeling of
encouragement with regard to securi-
ties and Of uncertainty about indus
trial prospects
As to the markets, the feeling is
natural enough. For one thing, the
brokerage business itself remains
acutely depressed. Last week stock
transactions on the big board were
little under 100000 shares, compared
with over 100000 shares In the
corresponding week year ago Trad
ing IN bonds makes a similar showing.
The par value of all bonds traded in
for the week ended February 5, 1898.
was a little less than $4,000 900,
which compares with almost s73,OOO,-
900 for the same period in 1887.
Such heavy reduction means, of
course, a corresponding loss in COM
missions, or nearly that, the scale of
charges having been raised somewhat.
No business man feels cheerful when
his income is approaching the vanish
ing point. AS it stands, the brokerage
house which Is covering overhead Is
the exception.
Not only is speculation at a stand
still, but attendance has been cut down
A Wall Street man just returned from
a months absence in the South COM
mented on the deserted appearance of
the streets in the financial district. AS
he put it, the corner of Wall Street and
Broadway at noon looked almost as
though it were holiday. In the Gus
toners rooms the occupants we're
mainly employees. Traders were not
in evidence.
| (copyrisht. 1898. BY the North American
Newspaper Alliance. Inc.)
Evening star., 1938-02-08
FOREIGN EXCHANGES.

NEW YORK. Feb, .t4'.--The French
and Swiss. francs slipped in terms o. ~ the
but most other European currencies were
o,iet trading. while the Swiss currency
days fnal levels we're the pound sterling.
Noon rates follow: (oreat Britain in dol
lars others in cents GREAT Britain DE- DE-
!. .0Osa: France demand 3.2s; cables. 3.26;
Italy demand' s;s; 5SSn3; ca1iss; a. 5'ae .ru.nv
Demandss Be.sism ssistsred os oo; trays
1880: iIes 4HSHi Holland. 1880: Norvsy. 2s.i .isH;
Sweden % "a Denmark, 2,38: Finland.
80: Switzerland 1920: Spain, unauoted: !:
Portusai, 4.55N; Greece. .,92h; Poland.
ie;0s: czechosloyskdiss, 3.51h Yusoslsyuias. ua.
Rumania. rs; Areentina. 33.41n; Brazil.
free 55sn Toxic eos: ,;an shanshsi q1's Saas:
Montreal In New York: 100.04Il:. New
York in Montreal. a9.95is.. Nominal.
Evening star., 1938-02-08
NEW YORK LIVE STOCK.

NEW YORK. Feb. CP,.-Cstate De-
partment Of Agriculture Cattle. 100,
including no direct Steers and bulls
nominal. Cows steady with Monday: low
OUTER and common heshy, 35O-5.0O: no
fat cows offered.
Vealers and calves. 1880; all direct
Market nominal
Sheep and lambs. $50. including 1870
direct. Sheep nominal. Lambs about
eteady: good to choice 80 pounds So5 a
few 1n5-pound throwouts. 7.25: few
plain light-weight throwouts, 200.
Hogs, 1910. including $3.50 direct
Merket IS higher; 1a5-pound average,
DIS.
Evening star., 1938-02-08
CHICAGO. PRODUCE.

CHICAGO. Feb. R,-Poultry. live.
80 trucks: easy; hens over 5 pounds, 1914;
pounds and less. 21h: Leghorn hens.
II; Plymouth and White Rock fryers, 20;
other prices unchanged.
Dressed market steady. prices un-
Butter. 74o.e71: weak: creamery specials
t93 score; 2912-30; extras t92), 2g; & sx-
27N-28A: seconds (s4-s7H). 2o-27;
standards 100 centralized cariots). 20.
Eges 96l4: weak: fresh greded. extra
firsts local. 16: cars 1871; hrsts. local.
I5R:. cars. 10: current receipts. ID.
on Oh Sa'ss stocs ' d 1ote Demand
very light: supplies moderate, Sacked.
per cwt.. Idaho Russet Burbanks, p. 8.
o. s. No. !, burlap sacks. 40: Wisconsin
round whites. q. 9. commercials .92A:
i .o5 New stock weak supplies liberal:
demand very SLOW. Track sales. carlots.
bushe; crates. Florida Bliss Triumphs.
o. 9. No. !, .96; less than CARROTS, Texas,
U. 8. No. /, lao.
Evening star., 1938-02-08
CHICAGO LIVE STOCK.

CHICAGO. Feb. & tP, ~ S. Dept. Ayr,
HOGS. 10000, including $500 direct.
Market uneyenly 1928 lower than Mon
days average: bulk GOOD and choice I5O-
22O lbs, s.b5-75: top, s75: 23O-2sO Id.
averages, $1,000: 39O-325-b. butchers,
1858 90; packing sows very scarce,
steady to shade, lower: bulk good medium
Cattle. 5000: calves, 1900 larger steer
rum medium weights and weighty kinds
dull: light steers all grades mostly steady;
bidding 25 lower on rank and file steer
crop scaling over LOO lbs; best weiRhty
steers: early. 9o5: most light cattle selling
at s.?b down; heifsrs. steady, fairly far "a; &C
ers mostly steady. althoush llRht vealers
veief1tr vealers UP to HOO; weishty sau-
Sheep. 5000; none direct Fat lambs
openins very slow: buyers resisting htEher
early. good to choice offerings bid around
7.5O-6o: strictly choice kinds now held
upward to 7.S5 and above: sheep about
steady choice slaughter ewes. 400.
Evening star., 1938-02-08
BETTER-GRADE BEEF
DECLINES IN JANUARY

By tne ASSOClaCeu FTeSS.
CHICAGO, Feb. 8.-The Institute of
American Meat Packers said wholesale
prices of better grades of beef had
dropped to II per cent since the
first of January.
Wholesale lamb quotations declined
Is to 20 per cent. Although fresh
pork prices showed little change
during the period, current levels were
as much as rs per cent lower than
during mid-September.
Pork production increased 81 per
cent, compared with the same period
last year, and in the last few weeks
has been II per cent better than in
December.
Evening star., 1938-02-08
CURB LIST GAINS
IN QUIET TRADING
Mining, Industrial Shares
Advance as Much as
Three Points.
By the Associated Press,

BY the Associated Press.
NEW YORK. February s-Mining
and industrial shares responded rapid
ly to buying orders on the curb ex-
change today. and gains ranging to
around 3 points were recorded in late
trading The market remained quiet,
however.
Aluminium of America and Newmont
Mining rose about 3 each. Up frac-
tions were American Cyanamid B."
American Gas g. Electric, Electric Bond
l. Share, Gulf Oil and Pantepec Oil.
A few shares sagged moderately,
among them Pittsburgh Plate Glass
United Wall Paper. Creole Petroleum
and TeckHughes Gold.
Evening star., 1938-02-08
TREASURY GOLD STOCKS
REPORTED UNCHANGED
By the Associated Press.

By the Associated Press.
NEW YORK, Feb. 8.-For the
fourth consecutive week, Treasury
gold stocks were reported unchanged
by the Federal Reserve, Banks credit
statement.
Coming in the wake of a tremen-
dous inflow that began in 1884 and
continued through most OF 1887,
financial quarters hold the shift rep
resentS mainly some loss Of interest by
foreigners in placing funds here, as q
result Of sliding stock and bond prices,
Total gold reserves compared as
follows:
Week ended February 2 $12,755 900 900
Previous week -------- 12,755 ,000, 900
Same period last year 1864 ,oOO, 900
Evening star., 1938-02-08
G. c. MURPHY SALES
SLIGHTLY BELOW 1887

es the Associated Press,
NEW YORK, Feb. &C. c. Murphy
Co., variety chain store system operat-
ing In the East and Middle West, re-
ported January sales at $2,4eo, ,os7, q
decline of IL per cent from the $2,-
5l9,024 reported in January, 1897.
December sales showed an increase
OF 3.3 per cent over December, 1886.
Evening star., 1938-02-08
NEW YORK PRODUCE.

NEW YORK Feb. z LP.-ERss. 2s921:
irreeular. Mixed colors: Special packs
1st-19A; standards 1!la-s4: nrstS. 18-
No. /. 15-15s4: average checks IA re-
friEerator hrsts, 1914; lower grades. H.
Butter 1850. $40: weak. Creamery:
Hieher than extra. 30s. -3I IA extra (92
score), 301a: frsts fss-9l score). 29-3Ol4;
seconds (S4-S7. 27.2Sh
Cheese, 32O.34s: irregular: prices un-
CHANGED
Evening star., 1938-02-08

r In bankruptcy or receivershIp or beins
reorganized under the Bankruptcy Act or
securities assumed ny such comDAnies
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
dividends are not included
a Also extra or extras eDecared or
paid so far this year. no regular rate.
I Payable in stock Paid last year
h Cash or stock Accumulated dividend
paid or declared this year. WV With var
rants. XIV Without warrants. var War
rants.
Evening star., 1938-02-08
U. S. TREASURY POSITION,
b the Associated Press

me position Of the Treasury on Febru.
tny.s SIS SESsseeHlpls S34 .514 .357 SO: expendi-
n,nnth no3,n1 ~ customs receipts Tor the
"IRsn, Rsns,S S4.656. .249.51.
y; $3;641: :Os4. .S6e s5: expendttnrese ~. "a !.
eeoY'SSs4. eo9 lS1: :OS. including Si,2i4.5S0'.
os ',s4 s1a OF EMERGENCY expenditures: excess
aset IS insr...s ls eros; 3;
k9iS 9oa oaassets $l2, ,?56 :b62 ,94346. including
~A'~~o'~lo'eos.S4 OF inactive gold.
Evening star., 1938-02-08
$l,l4O,926 Earned
By Ward Baking
In Twelve Months

By the Associated Press.
NEW YORK, Feb. 8.-Ward Baking
Corp. and subsidiaries reported today
net profit for 1887 Of $l,140,926 after
all charges and provision for Federal
surtax. equal to $445 q share on 7
per cent preferred stock, compared
with $l,s38 936 In 1886, which was
equal to Sc cents a share on class "A"
common .tock after preferred divi-
dend. Bakeries are located in the
East, Middle West and South.
Evening star., 1938-02-08
A. 7. & T.PROF|TS
DECLINE SHARPLY
December Net at $1,018,.
127, Against S4,058,212
for Same 1886 Month.
BY the Associated Press.

BY the Associated Press.
NEW YORK. Feb. 8.-The American
Telephone &, Telegraph Co. reported
net operating income for December of
sl.0l8,l27, compared with s4,058,212 in
December. 1886.
Gross operating income in 1887
amounted to SLOT ,339.53l. against
sl06. .920. 7s4 in the preceding year.
These figures cover operating activi-
ties only. excluding incorporating in
come, such as dividends, interest and
other revenues received. and non-oper-
ating charges, such as interest and
rents paid
Blaw-Knox Co.
Blaw-Knox Co. and subsidiaries re-
ported net profit for 1887 totaled $2,-
379,692 after provision for interest,
depreciation and undistributed profits
surtax, equal to $l7s a share Of capi-
tai stock. This compared with profit
Of $l.548,1 176, or SLIT a share, in 1896
Company manufactures speciality steel
products at plants In Pennsylvania
and Illinois.
Evening star., 1938-02-08
ODD-LOT DEALINGS.
Rx the Associated Press.

The Securities Commission reported to-
day these transactions by customers with
. odd-lot dealers or specialists on the New
York Stock EXCHANGE for February ::
1851 purchases involving o. SAB shares.
1896 sales involving S4,716 shares.
Evening star., 1938-02-08
U. S. TREASURY NOTES.
NEW YORK. Feb. LP.-Prices quoted
a dollars and thirty-seconds.
METAL MARKET.

NEW YORK i1o Fee ns RcoDper snturc e: stsaey: es;
etSs.f1yeS eoT,. s.eS. Fin barely steady. SPOT and
nearby: 10 50; future: 40;6ZL: Lead easy;
sS0. Zinc easy; East st.. Louis. spot and
futVre, 1.75 iron. aluminium; ntimony.
sSisa.,'Sysr' sS.a..S. 'l's'nu7' ana "0'''"''' an'
Evening star., 1938-02-08
rs TONS OF LEAD SOLD.

NEW YORK, Feb 8 Ry.-St.
Joseph Lead Co. reports Is tons of
pig lead from Southeast Missouri
mines sold yesterday at $4.75 per 100
pounds, St. Louis.
Evening star., 1938-02-08
Washington Exchange

SALES.
Mergenthaler Linotype-50 at 22A.
SALES-AFTER CALL,
Peoples Drug Stores pfd--1 at lll%
Capital Transit Colo at 8, s At 8.
7at9
Evening star., 1938-02-08
MONTREAL SILVER.

MONTREAL. Feb. & (P.-Silver futures
opened 5 points up. Bids: March. 44.75;
May 1853 July, 44.45.
Evening star., 1938-02-08

NEW YORK BAR SILVER.
NEW YORK. Feb. 8 R).-Bar sill
yer, 44&, UNCHANGED.
Evening star., 1938-02-08
RUBBER FUTURES.

,rtMnEEvWv NEW YORK: FEB. 9 t4,.-crude ruhbe,
izst: NAY. is4ob e Suli Il 1tszis 1oEs5 4sfsa Sa
Evening star., 1938-02-08
BUSINESS LOANS /
ATSTEADYLEVELS
Banks in 101 Major Cities
Show Volume Down OnIy
100000.
BY the Associated Press.

BY the Associated Press.
Business loans by banks were but
slightly changed last week for the
first time since December IS, the Fed,
eral Reserve Board said. go.
Survey Of banks in l01 leading cities
showed that loans for commercial, in
dustrial and agricultural purposes de-
clined only s1,000.O00 in the week
ended February 2, to a total of s4,394,.
100000. These loans have been de-
Ginning steadily with few exceptions
for about three months. :
During the week the reporting banks
reduced holdings of Government Sc
curities by 100000, but increased
holdings Of other securities by s25,-
100000.
Due, at least in part, to month-end
payroll needs. demand deposits de-
clined $1l9,0O0,000 to sl4,464 900 900.
The boards condition statement
gave the following summary of assets
and liabilities on February 2, together
with changes for the week and with
the same week last year, in millions
of dollars:
Evening star., 1938-02-08
INVESTING COMPANIES

NEW YORK. Feb. 3 lP.-1nvestment
Bankers Conference Inc:
Moon ouotationS1
Evening star., 1938-02-08
FOREIGN.

BsnIsh bsnm M' Eop ?as p " i"ds iS Sd. 1""d,
Fin NJ B SIS 81 st lO3l2 103ia 1922
Nippon E P 61.s SO So. 55. 55,
Russian 5l5s '21 cod 50 81 50
Russian 6ias 10 cod 50 s. Sc
Santiag Chill rs 40 - 13 13 13
ww-With warrants. xw-Without war
rants NEW st tstpI-Stamped.
sNegotiabiity impaired by maturity.
tCompanies reported in receivership.
Evening star., 1938-02-08
.H0RT.TERM SECURITIES.

ALSO extra or extras.
s-Declared or paid so far this year.
Imperial Valley press., 1938-11-18
Tax Collect Gets
I8c Of Gas Dollar

Eighteen cents of every dollar
received in 1887 by American oil
companies from their customers was
required for federal, state, and To-
cal taxes.
The financial statements of 80
representative companies show that
these tax payments included direct
taxes upon the operations and prop
critics of the companies. as well as
the indirect taxes on gasoline and
lubricating oil More than 60 per
cent of oil-company receipts went
into pay rolls and for materials and
supplies purchased from scores of
other Industries.
Representative reports indicate
that tax costs exceed wage pay
ments. For one company, taxes
amounted nearly to TIC of the gross
receipts dollar, as compared with
l3c in direct labor costs. Another
company reported that taxes were
twice the pay rolls. A third COM
puted taxes at $3,365 per employe
for the year.
Dividends of the % companies
were only one-fourth of the taxes,
comprising less than sc of the Gus
toners dollar, as compared with
1850 for taxes.