davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-06-17
OUTLOOK MIXED
N0|[ INDUSTRY
Gasoline Storage Remains
Near Peak-Prices Up
Moderately.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, June 1.-THE rela-
lively favorable action of petroleum
issues in recent market declines
serves to emphasize the intrinsic
values behind leading oil securities,
according to Poor's Stock Reports.
Nevertheless the outlook for the pe-
troleum industry as a whole is mixed.
Despite signs OF seasonal improve
ment in gasoline consumption the
statistical position of the petroleum
refining industry remains weak"
states the report. Indications are
that runs to stills in the first five
months will average IA per cent
greater than the corresponding period
a year ago. Storage stocks of gasoline
are close to an all-time high and
equivalent to about so days supply
at the current rate of demand This
compares with supply equivalent to
approximately IS days at the end
OF May, 1887. Although gasoline
prices have risen moderately since
the first of the year, the 5.3 cents a
gallon price at refineries compares
with 81 cents a gallon year ago.
In anticipation of increased fuel
oil demand high rate of refinery
operations was continued last fall and
winter. This demand was apparently
overestimated, as fuel oil stocks kept
rising through the winter months
and at the end Of May were equiva-
lent to about 100 days supply. This
compared with 80 days supply at
the end of May, 1887. Fuel oil prices
have been irregular, with weakness
definitely apparent.
"On the other hand. the crude oil
picture remains generally favorable.
Stocks above ground are less than at
any time for the last IL months and
in terms of days supply compare
favorably with figures for past years
Crude prices have been firm and are
likely to remain SO in view of the
effective control exercised by prora-
tion authorities. As result of firm
prices the refining branch of the in
dustry sees its profit margins steadily
narrowing This trend is likely to
continue unless refiners show a greater
inclination to restrict operations"
Evening star., 1938-06-17
NEW YORK LIVESTOCK.

NEW YORK, June II LP Estate
Department of Agriculture report of
Jersey City and New York livestock
markets) Cattle, 1850, including
1920 direct; no steers or bulls on sale
Cow trade slow, steady on light sup
ply; low cutter and cutter, 4.00-5.50;
few at 3.75 or below; plain fat cows
up to 800 or slightly higher.
Vealers and calves, $500, including
$3.50 direct. Vealers opened steady on
a few heads. but bulk of supplies late
in arriving; few Gull and common, 60
100 pounds, 100000. Calves nominal.
Sheep and lambs, 7,450, including
$500 direct. Spring lamb trade opened
more active, is to Is higher; one load
good to choice light and handyweight
Southerns. 1925; bucks, 9.25. Sheep
scarce, market nominal.
Hogs, 5000. including 1850 direct.
Market 10 higher: 10000 pounds,
9.45.
Evening star., 1938-06-17
CORPORATION
REPORTS

NEW YORK, June 1.-THE follow
ing is summary of corporation news
prepared by Standard Statistics Co.,
Inc, New York.
Spicer Manufacturing Corp-Presi-
dent said business of company IN
current year is at rs per cent of 1887
levels.
Froedtert Grain & Mailing CODE
clared Is cents common dividend, paw
able July % to holders of record july
Is. Last payment on common was Is
cents share on November IS, 1887.
Manischewitz, B., Co.-Declared 81
common dividend. payable July IL to
holders of record July /. Last payment
on this issue was 81 share on May
Is, 1887.
Burco, Inc-Vice Chancellor Eean,
Jersey City, N. j.. appointed D. T.
O'Regan as temporary receiver for
Burco, Inc, on petition of C. G.. Bol-
lenbach, stcokholder. Company was
restrained from operating in New Jer-
sey or from disposing of any assets
pending hearing June 81.
Davega Stores Corp.-Preferred
share earnings, after $1o0 900 reserve
against investment in capital stock of
Majestic Radio & Television Corp,
year ended March 26, we're 81 cents,
against s5.19 in year ended March IT,
1887.
Alabama Great Southern Railroad.
Common share earnings, four
months ended April 80, were 81 cents,
against s1.47
Atchison. Topeka & Santa Fe Rail-
way-Def1cit, four months ended April
80, was $6,313,279, against net income
of s1O22,s ,s37.
Erie Railroad-Deficit. four months
ended April 80, was s4,95S,127, against
net income of s985,534.
Lehigh Valley Railroad-Defcit,
four months ended April 30, was ST.
644320, against net income of S93, ,401.
Southern Railway Co.-Deficit, four
months ended April 30, was $3,06s, ,321,
against net income of s1.736,354.
United States Steel Corp.-Ingot
output at plants of subsidiaries for
week ended June 13 is estimated at o.
per cent Of capacity. against 26.5 per
cent in preceding week and 2s.5 per
cent two weeks ago.
Evening star., 1938-06-17
0BSERVERSD0UBT
IMITATION TALK
Independent U. S. Action
Probably Would Only
Add to Problems.
pv the Associated Press.

NEW YORK. June 17.-Monetary
experts in Wall Street continue to
shake their heads incredulously at the
latest rumors of dollar devaluation.
1t could we'll happen. they concede, as
an adjustment to far-reaching alter
nation of currency policies by ma tor
European powers. a circumstance not
considered as probable at this time.
But as an independent step, UNDER
taken to bolster prices and promote
recovery, most experts appear to feel
1t would create more economic prob
lens than 1t would solve.
Emphasized in the opinions of those
who believe the current imitation
rumors are baseless is the claim that
devaluation would almost certainly
cause stiff rise in prices of manu.
factured and semi-finished products
along with an advance in raw mater
ials, foodstuffs and the like. Official
Washington has indicated it believed
higher level of prices for some of
the basic commodities would be desir-
able in the interest of a better balance
in the price structure.
Some Held Too High.
With this hint. however, admin
lstration spokesmen made it plain that
In their opinion certain items in the
raw materials group and some in the
finished and semi finished division
were not to be considered as entitled to
higher price ratings. On the con-
trary a few finished products, like
steel for example, were singled out as
making for defective balance in the
price structure because the existing
quotations were regarded as too high.
Any measure of dollar devaluation.
according to the conclusion Of this
school of thought, would tend to push
up prices all along the line. and thus
intensity rather than correct the
present problem of excessive price
spreads between the raw materials
and the finished products groups.
Gasoline Sales Good.
Recession Notwithstanding, the
family automobile is being kept in
operation, price trends in the oil in
dustry indicate. Dealers generally re-
port gasoline sales are showing
marked resistance to business slump
trends.
Increases of 4 and Y cent in
barge and tank car lots of gasoline
along the Atlantic seaboard by jobbers
are likely to be followed by increases
by the large refiners, the trade be-
lieves.
The upping is expected to stabilize
prices at slightly higher levels all
along the line. Oil men doubt
shade higher prices on the display
signs in front of gasoline filling sta
tions will discourage summer pleasure
car driving.
Relative importance of the pleasure
automobile in the life of the average
family was shown in recent survey
bringing out family units in some
regions spent more each year on their
cars than for clothes.
Evening star., 1938-06-17
CHICAGO GRAIN
BY the Associated Press.


CHICAGO. June 17-Notable in
crease in arrivals of newly harvested
winter wheat Southwest led to late
downturns of prices in Chicago today
after many nervous fluctuations.
In Enid. Okla, alone the receipts
totaled 403 cars. Advices were also
at hand that although black rust has
appeared on sheath blades of the
ceres variety of spring wheat near
Sioux Falls, S. Oak, none could be
fourd on the rust-resistant kind called
Thatcher
At the close Chicago wheat futures
were unchanged to % lower. COM
pared with yesterdays finish. July,
78as-a4 September. 79s. -7s; corn "a
to l cent advanced, July, 57la-ss;
September, $685., and oats "a to
81 I'm
Evening star., 1938-06-17
Huge Shipments
f. OfGOId Revealed
Federal Report
BY the Associated Press.

The Commerce Department dis
closed today that huge amount Of
gold came into the United States
before the strong boarding demand
developed in London in the last week.
United States gold imports totaled
s32 ,l29,0l9 in the week ended June
10, or more than double any of the
three preceding weeks. Shipments
included s16.495,852 from England,
s3,840,000 from Sweden, s3,247,537
from Belgium. s5,78l.s11 from Japan
and sl012,155 from India.
Silver imports amounted to s5.721,-
735. including s4.300,000 from China
and s702,173 from Mexico.
Exports of both metals were both
negligible.
Evening star., 1938-06-17
SCHEDULE INCREASED
AT DANVILlE MILLS
~ the Associated Press

DANVHLE, Va, June 17.-Some
departments Of the big Riverside and
Dan River cotton mills are now op-
Grating three, four and five days q
week after being on two-day sched-
ule for some time.
Mill oficials said the Improvement
resulted from consumption of goods
at faster rate than they were being
produced. They said care would be
taken. however, not to accumulate q
heavy inventory.
Evening star., 1938-06-17
ASSOCIATED OUTPUT UP.

NEW YORK, June II Especially -
For the week ended June 10, Associated
Gas & Electric System reports net
electric output Of 81,202, ,6S8 units
(kwh). This is 7,874,l73 units or S.8
per cent below the figure OF 89,076, 1861
units for year ago. Gross output,
including sales to other utilities,
amounted to Ss.4S3.547 units for the
week under review.
Evening star., 1938-06-17
INDUSTRIAL RATE SAGS
FURTHER DURING MAY
BY the Associated Press.

BY the ASSOc1ated PreSS.
The Commerce Departments sum-
mary of May industrial production
says, in part:
THE volume of industrial produc-
ton showed q further slight contrac-
ton in May, extending the moderate
decline in output that has been in
progress since early in the second
quarter. Trade activity also showed
q further slackening in May and
commodity prices continued to de-
cline"
Evening star., 1938-06-17

Philadelphia & Reading Coal & Iron
Co.-It is said that application has
been made to r. F. c. for $1,000, 900
loan for Philadelphia & Reading Coal
& Iron Co., subject to approval by
Federal Court Of development plan
designed to effect substantial econ
omies and put the company on a pay
ing basis. Development plan was
aside from the plan Of reorganization
fled several months ago.
Evening star., 1938-06-17
Cottonseed Oil.

Bleachable cottonseed oil futures
closed % higher. Sales, 155 contracts
July. 7.94; September, 1894; October,
787; December, 7.85; January, 7.85.
Evening star., 1938-06-17
New Orleans Prices,

NEW ORLEANS. June II F.-Cotton
futures advanced 4 to points on open
ing trades today and entered new high
The gains were attributed to improved
trade buying and covering by shorts based
on steady cables.
private dispatch saying Great Britain
would present to the United States q plar
for return to the gold standard was con-
strued as bullish and stimulated some
buying in early dealings
Cottonseed oil opened steady: July
7.5Ob; September. L7.5Ob; October. 745b
December 7.44b; January, 7.45b. Bid
Evening star., 1938-06-17

Winnipeg Prices.
WINNIPEG, June II LR.-Grain range
at PRINCIPAL markets today
Evening star., 1938-06-17

8 Actual sales: unit Of trading 10 shares.
bankruptcy recevershp
Bankruptcy Act or securities assumed by such
share OF 81 preferences stock dl25 share Of
stock Declared paid far this
PAD last year Cash stock Accumulated
Rates Of dividends in the dis
bufsements
Unless otherwise noted not
Evening star., 1938-06-17
new YORK COTTON
BY the Associated Press.

ASSUClHIeU ET6SS.
NEW YORK, June 17.-Cotton
again sold at new high levels for the
present movement today in response
to firmness abroad, foreign and COM
mission house buying and heavy rains
in portions Of the Southwest. Part of
the gains were lost under realizing but
the market continued to show a
steady undertone.
October sold down from 8.41 to 8.33
and in midafternoon was 8.36, when
the list was to points net higher.
Evening star., 1938-05-19
YANKEES REPU[SE
FOREIGN R|NCMEN
Chicago Golden Glove Team
Beats Europeans, 5 to 3,
as 22.234 Watch.
P- the Associated Press.

p the Associated Press.
CHICAGO, May l9-Amateur box
ers of the United States have repulsed
another invasion by their simon
pure rivals from across the seas.
. Before 22234 spectators. the Chi
cago Golden Gloves squad defeated
the European titleholders five bouts to
three last night.
The invaders, however. put up a
fine show and the bouts they won
were scored at the expense of three
National A. A. T. championship
Merritt, Cleveland Negro heavyweight;
Jimmy OMalley. Chicago welter-
weight. and Bill Eddy, Flint, Mich,
featherWeight.
Herbert Runge of Hamburg Ger
many. conquered Merritt by outjab-
bing and contemplating him with
right uppercuts.
The fighter who "stole the show"
however, was Antoni Kolczynski Of
Warsaw, Poland The hard-hitting
welterweight stopped O'Malley in the
first round
Irishman Is Victor.
John Saunders of Dublin, Ireland.
was awarded a decision over Eddy
in the featherweight competition for
the other European victory.
Oil Lehtinen of Finland put UP
a game fight. but his opponent. Walter
Cavalieri of Chicago, won the 1l2-
pound title for scoring the cleaner
punches. Frank Kainrath of Chicago
captured the ll8-pound title with
hard-earned victory over speedy Ul-
derico Serge of Fiume. Italy.
Milton Bess. speedy Indianapolis
Negro lightweight. outpunched Herbert
Nurnberg of Hamburg. Germany. and
Booker Beckwith, Gary. Ind, Negro
middleweight, easily defeated Adolf
Baumgarten of Hamburg. Germany.
Linto Guerrieri of Rock Falls. Ill.,,
defeated Richard Vogt of
Hamburg, Germany.
Evening star., 1938-05-19
FlREMEN BATTLING
FOR SOFTY CROWN
Teams of Seven Battalions in
League Scheduled for Play
Three Times Weekly.

Fourteen softball teams have been
organized among the seven battalions
of the Fire Department and sched-
ule arranged which will carry the
smoke-eaters into competition until
the middle of July.
The organization work was done by
Sergt Carlisle Peterson of the head
quarters detachment. and the new loop
is sponsored by the Playground De-
partment.
Games will be played Mondays,
Wednesdays and Fridays at Mcmillan
and Rosedale Fairgrounds, with the
schedule so arranged that the firemen
will play during the weeks of their
night tricks.
In opening games yesterday heavy
scores we're hung up First Battalion
defeated Second, 27-2; Third defeated
Fourth, 1913. and Sixth defeated Fifth,
21-10.
Evening star., 1938-05-19
Beudered Armstrong Declared r7raned for Ross Bout
Geuinson's Real Ring Worth
Due to Be Revealed Tonight
In Go With Veteran Sarr0n

are timed within the last 80 seconds
Of action in each round, and are call
culated to swing the judges and
referee to Petey if any doubt exists
concerning who won the round.
With IS years of steady campaign
ing behind him. Sarron, who claims
to be only 80 years old, will concede
punching prowess alone to Gevinson.
The elusive Syrian, floored only by
Armstrong over that stretch, has a
decided edge in other departments,
with experience, craftiness, strength
and superior boxing ability on his
side Thus Gevinson will rely on To-
eating a vulnerable spot in Sarron's
anatomy and hope to win by knock
out.
Pete to Solve Mystery.
Gevinson, who served an appren.
ticeship of six years in District anna
teur circles, is a 23-year-old, modest,
likable Jewish boy, bred in South
west Washington. He has managed
to remain something of a mystery
since nudging into professional COM
pany, at times revealing embryonic
genius and on other occasions re-
sembling any preliminary palooka.
Sarron should disclose whether Lou
is destined to soar or struggle along
as merely another lightweight.
Lou, son of baker. has made con-
siderable dough himself by confining
his punching to Turner's Arena ard
Griffith Stadium Extremely popular.
he stands to become this sectors
outstanding fighter should he justify
the promise he displayed even in anna
teur ranks. Gevinson is blessed with
courage and native ability. but his
ring repertoire to date has not been
polished in many respects.
Hatchet- faced Petey has been in.
stalled a rs favorite by folk who
risk money on such things with the
winner eyeing possible non-title coll
lision with Lou Ambers, world light
weight champion. here in September.
That is dependent, of course, on
whether Ambers signs to face the
winner Of the Barney Ross-Arnstrong
engagement next week.
Attractive Semi-final.
An attractive eieht-round SEMI
final will find Steve Mamakos. youth
full local WelterWeight. squaring off
with Battling Burroughs of Missis-
sippi Both free sWingers. Mamakos
is a stablemate of Gevinson. While
Burroughs is affiliated with the Sarron
outfit.
Pete Scalzo, victorious in % Of 80
encounters, will clash with George
Carlo. Boston featherweight, in an
enticing siX-rounder. While another
bout scheduled for the same distance
lists frankie De Angelo, local feather
weight, humping into Tony Paisano.
former New York Golden Gloves
champion.
The four-round opener slated to get
under way at $50 O'Clock. will involve
Sailor Long, Navy middleweight, and
Vic Finazzo Of Baltimore.
Tickets are scaled from s1l5 gen.
eral admission to $3.50 ringside.
Evening star., 1938-05-19
BROWN AND BRUINS
AGAIN MAT RIVALS
Specialists in Weird Climaxes
Clash for Third Time Here.
Other Bouts Announced.

Episode 3 of the Orville Brown
Bobby Bruins rassling serial. which be-
gan some weeks back at Turner's
Arena, will be flashed on the mat to-
morrow night as the feature of the
weekly bone-bending card.
Previous chapters of the story have
ended with both boys on the canvas,
once tangled up in a double scissors
which was called draw after 80 min
utes. Last week both were out cold
following a head-on meeting in mid
ring. Brown happened to fall on top
of Bruins that time, so was given the
decision.
Other familiar faces will be ground
into the mat tomorrow night. Bouts
scheduled are George Zaharias VS.. Roy
Schuyler, Chief Thunderbolt VS.. Lake
Patterson, Frency La Rue vs.. Boris
Demitrof and Blu Pinder VS.. Ivan
Vacturoff.
Evening star., 1938-05-19
Koontz Wins Shah Pin Trophy,
With Record Field Competing;
HolyNamers applaud Hardin

Wade Koontz OF the Anacostia
Lodge team today is the owner of the
Shah Trophy by virtue of victory
last night at Convention Hall, where
he shot 1872 gross score to top the
efforts of 81 other Masonic League
bowlers who composed record field
in the ninth annual event.
A nine-pin handicap aided Koontz
TO finish four pins in front of Leo
Speer of the Barrister team, who
rolled 6-368 Isador Shah is the
donor of the trophy for the special
event, which is open only to bowlers
who have rolled in every Masonic
League game of the season.
At its annual meeting the league
elevated Paul Moore of Lebanon Lodge
Soper of Petworth Lodge Carl Stoner
Of Singleton Lodge was named vice
president.
EbersOIe Is Reelected.
Arville Ebersole of Albert Pike was
reelected secretary for his sixteenth
term. while Ray Cross of Hope Lodge
again was named scorer Ebersole
Just completed his twelfth season as
secretary of the Washington City
Duckpin Association.
The directors voted to roll next sea-
son exclusively on Friday nights at
Convention Hall. Heretofore the
league has included Tuesdays in its
schedule to accommodate few teams.
The league voted to split the $50
won by the Masonic No. team in
the national tournament among the
bowlers who shot a siXth-place score
of 1867. They were Charley Phillips
and Harry Dixon of the league cham
pion King David team. Bill Wolfe,
Odie Browne and Paul Schlosser.
The applause given George F. Har-
bin by some $50 Holy Name Society
League bowlers last night at Pilgrim
Hall in Brookland must still be ringing
in his ears.
Harbin, as president of this huge
league. which includes 80 teams. divid-
ed into nine sections, was eXtolled by
every speaker who graced the program
at the leagues seventh annual banquet
and after short address by Vice Pres
ident Claude F. Nichols the entire
assemblage, the largest ever to attend
a bowling celebration here. stood and
cheered long the man who is the main
spring in the biggest duckpin league in
the country.
Harbin in turn gave all the praise
for the leagues success to the boWlers.
Inspiring addresses were given by
Father Conrov of st. Anthony's and
Msgr. E. Connolly of st. Peters.
Among the specially invited guests was
William F. ,Bucky) Burns of the Co.
lumbia Lodge. No. 174, League.
Trophies and prize money were dis
tributed. The winners were Holy Com
forter, Section A; Blessed Sacrament,
Section B; Holy Comforter, Section c.;
st. Theresas, Section D; st. Peters
Section E; St. Peters Section F: Holy
Name. Section G.; St. Dominic's. Sec
ton H: st. Anthony's, Section I.
Queen Pin League Starts.
Tonight the Queen Pin Summer
Mixed Doubles League will get under
way with IL teams competing. Harry
Brown. director of the loop, requests
all bowlers to be present at 7:30.
Among the duos rolling will be George
Honey and Mary Fi!le. Paul Pizza and
Rose Marie King. Charley Olive and
Evening star., 1938-05-19
BY BuRTON HAWKINS.

Petey Sarron, hair-smothered- fu-
gitive from Tarzan flicker, tonight at
Griffith Stadium will explore the
prospective greatness of Lou Gevin-
son, local lightweight whose per-
formances have ranged from medioc-
rity to brilliance and back again in
the short span of little more than
two years of professional feuding.
Intrigued by the possibility of a
strictly local lad snatching a small
measure of national fistic fame, more
than 5000 spectators are expected to
converge on the scene of swatting.
The distance is 10 rounds. with Gev-
inson's sole hope apparently resting
in terminating the tiff before those
30 minutes of action wither into
oblivion
Amazing Ring Figure.
Sarron, relieved of the world feath-
erWeight championship by Henry Arm
strong seven months ago. is one OF
fistiana's most amazing figures. His
effectiveness is not predicated on po-
llte ldcLlCS IlOT ID lle dil ehttJlloiloiiS
hard hitter, but his roughness hardly
is premedtated. He simply is a min.a-
ture gorilla with the ruggedness and
strength of an OK. If anything, he is
a better fighter since graduating to
lightweight ranks in recent months,
because he is not handicapped through
the weakening process Of losing weight.
Peteys unfathomable style of sling
ing. a Wierd combination Of acrobaticS
and cloWnish maneuvers. to put 1t
mildly, is bewilderlng. Sarron occa-
sionally launches long. sweeping blows
from his ankles, keeps rotating left
glove in his opponents face and sand
Wiches in hectic, sporadic f1urries to
the midsection. These flurries usually
Evening star., 1938-05-19
20 YEARS AGO
IN THE STAR.

For the third time in four days
Washington was forced into an
Inning game, losing to Chi
cago, 5-3. Earl Yingling, making
his first attempt as starting pitch
er, was the losing hurler. In the
four-game series with the White
Sox a total of 81 innings were
played.
Robert L. Finkenstaedt of CO.
lumbia Country Club won the an
nual spring invitation golf tourna-
ment at Chevy Chase. defeating
Charles B. Field, Chevy Chase. S
and 3, in the final.
Tech won the annual high school
track and field championship with
81 points. Western was next with
80, and Business and Eastern were
tied with points each.