davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
PARIS BANK CUTS
DISCOUNT RATE
Move Conforms With New
Easy Money Policy
of Government.
BY the Associated Press.

PARIS May l2-The Bank Of
France today lowered its discount
rate from to az per cent.
The move was in conformity with
the Daladier governments new easy
money policy
Heavy repatriation of French money
following the May devaluation of
the franc. estimated at nearly 10000
100000 francs (about s840 0O0, 0O0),
also made the lower rate possible.
At the same time the bank lowered
its rates for loans on securities from
a to gig per cent and on 30-day loans
from 3 to 2i2 per cent.
The last change in the discount
rate was November -. 1887, when it
was lowered fron 3l2 to 8 per cent.
The drop in bank rates followed a
cutting of interest on treasury notes
from 4 to 3i2 per cent. This move
was part of the governments program
to stimulate production by relaxing
what was considered an overstrained
money market.
Lower money rates were expected to
create favorable atmosphere for
launching the governments long
awaited 100000, Ooo-tranc (about
s420, 000,000) national defense loan.
Informed financial quarters expected
the f1otation next week.
The Bank of France statement
showed a slight increase of gold re-
serves, from 55,So6e59,s3l francs to
55,8o7 ,334,66S francs, indicating the
Sterilization fund was transferring to
the bank some of the surplus received
through recent repatriations of capital.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12

equipped myself with rod and reel
and followed the stream north, in
hope OF bringing back fresh trout for
supper. Id been gone perhaps an
hour when the sound of pounding
hoofs attracted my attention. The
rider was coming down the west slope
into the valley at breakneck speed.
Alarmed. I climbed the bank of the
stream and waited. A horsewoman
flashed into view. At the same time
I heard a terrified feminine scream,
then the rider pitched from her saddle,
rolled almost to my feet, and lay still
1t was Laura. I dropped to my
knees. Up among the trees on the
slope heard mems voices, Kent's and
Georges. Presently they came crash
ing into view. But not before some
thing had happened to me that
couldn't explain, something that had
been going inside of me for years,
something that the sight Of Iaura's
white face famed into flame. Impul-
sively I knelt beside her, Graded her
head In my arms and pressed my lips
against her mouth. held her thus
for minutes, then my faculties re-
turned. laid her on the ground and
rushed to the spring for water.
Laura's eyes were open when I re-
turned She said: why did you do
that, Allen?"
DO what?" I said. Then when I
found her looking at me levelly, said
harshly: why does any man kiss a
girl? But of course you wouldn't
know. You've been playing around
with Kent and George all your life and
you don't seem to know about love-"
CHE smiled, and the way she smiled
- sent Queer prickling sensation
running up and down my spinal
column. started to speak, then
stopped. George and Kent were GAL
Looping toward us.
Here they come. Don't tell them,
will you, Allen?"
TELL them?" stammered Tell
them what?"
She looked surprised. why about
the artifice had to resort to to make
you understand"
I gulped. "Then-then-all these
years." I broke off, George and
Kent had dismounted NO" I said.
II won't tell them. They probably
think me pretty dumb as it is. But
about us"
She smiled again. you won't have
to tell them what we've discovered
about U.s."
And we didn't.
(Copyrisht. 1882
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
CLEAR|NGS SHOW
DECLINE IN WEEK
Decrease From 1887 Levels
Is Reduced to Only
9.4 Per Cent.
By the Associated Press.

oS t-Ic faSSUCldteQ fIeSS.
NEW YORK, May 12.-Volune Of
bank clearings for the current period
was smaller than that Of the one pre-
ceding and, for the twenty-sixth
straight time, the total fell short Of
the amount recorded in the similar
week for the year previous.
Total clearings for % leading cities
OF the United States for the week ended
Wednesday, May II, as reported to
Dun & Bradstreet, Inc, aggregated
s4,o8o, 1888 900, as against S5,396 1892
900 for the corresponding 1887 week.
which gave drop of 94 per cent. This
contrasted with loss of 176 per cent
in the year-to-year comparison for
the week preceding.
New York clearings declined only
So per cent to s3,l36, 1872 900 from So
33l, 100000 year ago. Outside Of
New York, the amount was s1,751,-
100000. or 1872 per cent less than the
s2,065, l52 900 for the like 1887 week,
Clearings for the week ended Nav
II fell s56o,286,oO0 from the May 4
total. Between the two similar weeks
Of 1887, the difference was sl,217,-
$4,000.
The unanimity of declines was again
apparent this week, the more impor-
tant being Detroit, 35.2 per cent;
Pittsburgh, 29.2 per cent; Chicago,
2l,2 per cent; Cleveland, 1872 per
cent; Atlanta, l41 per cent; Balti-
more, 1873 per cent; Buffalo, 1873 per
cent, and Boston, 1913 per cent?
Bank clearings at leading cities.
together with comparable figures a
year ago, follow; also. the daily
average bank clearings for the months
OF March, April and May to date:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
FOREIGN MARKETS.

LONDON. May IL Lp.-Oil shares were
active and strong in today's stock market
the Burmah OH Co. but a sharp reaction ON
took place in this group later on uncon-
firmed reports that gasoline prices would
lower ard rails were of on disappointing
traffic returns. Gift-edge securities and
foreign bonds moved irreguIarly while
trans-Atlantics were slightly up
PARASITIC 3ourse closed with heavy
tone and trainr was small. Suez Canal.
which rose sharply Wednesday lost about
goo francs and banking shares sold off.
Bank of France issue declining go francs.
Rentes finished 40 to $40 centimes down
and the industrial group was also weak
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
25-Cent Dividend
Voted byCol,.n,bia
Broddcasting
By the Associated Press

NEW YORK, May 12.-Directors of
Columbia Broadcasting System, Inc,
yesterday declared a dividend of rs
cents share on present class "A" and
B" stocks, payable June 10 to holders
of record May Of The preceding
quarterly payment was 40 cents a
share.
1t was announced the system has
been undergoing an expansion pro-
gram calling for rather sizeable ex-
penditures, and that the change
in the dividend reflects the COM
pany's policy Of financing expansion
out of earnings and its desire to main
tain its cash position"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
CURB LIST DRIFTS
follower LEVELS
Metal Shares Lead Drop.
Few Oils Manage to
Keep Gains.
By the Associated Press.

BY the Associated Press.
NEW YORK, May 12.-Metal shares
led a narrow downdrift in the curb
market today while a handful Of
oils managed to retain small gains.
Newmont Mining and Aluminium Co.,
each off around near the final hour,
were the widest losers. Fractional
losses were turned in by Northern
States Power "A" Lake Shore. Creole
Petroleum, United Gas and Electric
Bond e. Share.
Tennessee Electric Power first pre-
ferred jumped II on small transac-
ton following reports of favorable
progress in the sale of properties to
the T. V. A.
Small gamers included Interna-
tional Petroleum, Pantepec Oil and
Pan-American Always.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
OFFER ROCHESTER ISSUE.

NEW YORK, May IL Especially A
banking group headed by Halsey.
Stuart & Co., Inc, and including
Spencer Trask & Co., Darby & Co.,
Inc: G. Mp. Murphy & Co., First
of Michigan Corp. Morse Bros. g. Co.,
Inc; Burr g. Co., Inc, and Brown g.
Groll, are offering at prices to yield
OBS, per cent to 210 per cent an is
sue of 100000 City of Rochester,
N. Y, per cent public improvement
bonds, due serially May !. 1939-195s,
inclusive.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
GREAT WESTERN SUGAR
SALES ARE BEHIND 81
BY the Associated Press.

PLAINFIELD, N. j., May 12-Frank
Kemp, president of Great Western
Sugar Co., said today at the annual
meeting sales Of the company thus
far in 1898 have been somewhat be-
hind the comparable period year ago.
Prices also are under those of a year
ago, he added
Prospects are for good beet crop
this year. he said. although it is too
early to determine the sugar content.
He said moisture conditions in the
company's territory are now back to
normal, development which he char
acterized as most important"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
CURB EXCHANGE SEATS
UP $4,000 IN 2 SALES

BY The Associated Press.
NEW YORK, May l2.-The price Of
a New York Curb Exchange member
ship advanced $4,000 in two sales to-
day.
The first sale was negotiated at
$40 800, up $4,000 from the last pre-
vious sale of a curb seat. Within a
short time a second sale was arranged
at 1000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12

her choice. And We
all knew that she
had had her mind
made up for years.
I must confess
her manner of con-
fding the secret
surprised us a lit
tie. w e were
camped in a little
glade high in the
mountains. Snow
capped peaks tow
cred above us. An
ice = cold, crystal
clear stream flowed
through the mea-
dow where our
tents were pitched.
Warm sun filtered
down rou G h
giant pines.
We s p e n t t W o
days there. To-
ward evening of
the Sacond dow I
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
APRIL'S TOOL ORDERS
FAR BELOW YEAR AGO

EiSht IFS3.
CLEVELAND, May 12-The Ma
tional Machine Tool Builders Asso-
citation, which includes most of the
Nations largest machine tool manu-
facturers, reported otday it's index of
orders declined to 9o.3 in April from
1910 in March.
April compared with 1925 in April,
1887. The association takes 1926 as
representing 100 per cent
Domestic orders declined to 43.9
per cent from sos in March. and for
eign orders fell to 46.4 from 565.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12

In BANKRUPTCY or receivership or being
reorganized under the Bankruptcy Act or
securities assumed by such companies
Rates OF dividends in the foregoing table
are annual disbursements based on the
last quarterly or semi-annual declarations.
unless otherwise noted special or extra
dividends are not included.
Also extra or extras. e Declared or
pad SO far this year. no regular rate
Payable in stock. Paid last year.
h Cash or stock K Accumulated dividend
paid or declared this year. WV With war
rants. XIV Without warrants. war War
rants.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
WHEREVER the
triangle ap-

triangle ap-
peared it attracted
attention. It was
composed of three
people: Kent Albee
and George jack
son and Laura Cole.
It usually became
recognized as a tri-
angle an hour or
two after it arrived
anywhere. And be-
cause Laura was
beautiful enough
to attract attention
in any stable mob,
and Kent and
George were hand
some devils and
equally likable. the
triangle b e C a m e
the cen ter of
amusement an d
speculation.
II had hoer the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
METAL MARKET.

NEW YORK May II P.-Copper
steady; electrolytic SPOT 1000: export
9.7O Tin steady; spot and nearby. 1926:
forward. $500. Lead steady: spot New
York, $500 So; East st. Louis. Abs. Zinc
steady; East ST. Louis sind forward, 4 90
Iron. aluminium, anthony quicksilver
platinum and wolframite unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
JERSEY STANDARD
REPORTS 1887 GAIN
$147,993,147 Compares
With $97,774,OOO for
Previous Year.
By the Associated Press.

By the Associated Press.
NEW YORK, May l2.-Standard on
Co. of New Jersey reported an aggre-
gate net income of $147993,147 for
1887, equal to 1854 per share of cap
ital stock
This compares with a net of $97,.
714,000. or 1913 a share, in 1896.
Gross operating income in 1887 was
81 1908 100000 compared with $1,l62,-
$1,000 in 1886. Gross production of
domestic and foreign subsidiary and
affiliated companies III 1887 amounted
to 237072,726 barrels. an increase of
1910 per cent over the previous year.
OF this total, domestic production &C
counted for 80,655,342 barrels and
foreign production l56,217,3 1884 barrels.
Wells drilled in the United States
during the year totaled 33,075. as
against 25,890 in 1886. The all-time
high was 34,Ol5 in 1920.
The report to stockholders showed
the average retail price of gasoline,
eX-taX in so cities was 1853 cents a
gallon in 1887 and 1410 cents gallon
in 1886
Domestic refineries of the company
continued to operate at capacity dur
ing the year. They consumed ap-
proximately l45,0oO,OO0 barrels of
crude oil, daily average of 397,252
barrels, an increase Of 10 per cent over
the year 1896.
There was continued during 1887"
the report said. the effort to lower
the cost of delivering our products,
with good results. In spite of higher
wages and taxes. the overall cost per
gallon was less than it was the pre-
ceding year. Also, substantial econ
omies were made in the cost Of moving
products from refineries to bulk plants.
Outstanding among such improve
ments we're the construction of ocean
terminals at Albany, N. Y, and Port
land, Me"
International Paper.
International Paper e. Power Co.
reported a net loss of S332.24l for
the March quarter of this year, COM
pared with net profit of Sl,746,577,
equal after preferred dividends to 80
cents a share on the common stock,
for the corresponding quarter of last
year. The report covers all subsidiary
companies except International Hydro
Electric System. In view of the I'M
certainties of the current situation"
said Richard J. Cullen, president,
the directors have not felt justified
in declaring any dividend for the first
quarter of 1888"
Commercial Alcohol.
American Commercial Alcohol Corp.
reported a consolidated net profit of
s59,l44 for the first quarter of 1898,
This was equal to II cents share on
the common stock after reserve of
$4,000 for estimated unrealized profit
on sales subject to deferred delivery.
In the March quarter last year. the
company reported a net of $2l2645
equal to rs cents a share after a
reserve of $4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
INVESTING COMPANIES

New York May u lP.-Investment
Bankers Conference. Inc:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
U. S. TREASURY NOTES.
Reported by Smith, Barney h. Co ,

NEW YORK. May 12 Lp,.-Prices quoted
IN collars and thirty-seconds:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
CURB BONDS

DOMESTIC BONDS,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
DAILY SHORT STORY

Also extra or extras.
e Declared or paid so far this year.
Paid last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-05-12
INSURANCE STOCKS

NEW YORK, May 10 P,.-Investment
Bankers Conference. Inc.
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1938-09-17
WORKERS lose.
IN BIG FICHT 7.
Employees In Chicago
Political Victims

Washington % Dismissal ~
four olorcd workers In Tho Ns-
ional Employment ser,po fed
srsi unit Of me a. Employment
Service AZ Atlanta. Georgia b, Of
hclsis ~ me Georgia stare En-
plo'meni Seryire with the state
meni that he ioh- would be inrn-
cd over io whites after september
5 was ihe subject ~ vigorous
protest led with Secretar, % La
Dor Frances Perkins and The ofGco
OF The United states Employment,
Service here this week.
In letter addressed ~ ".
Frank Persons director NJ The
United States Employment Service
a cory NJ which was also sent 70
Secretary NJ Labor Perkins. wal
ter White. NAACP secretary in
dieted Governor Rivers Of Georgia
10 whose political promises he
ascribed the dismissals.
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1938-09-17

According 70 the latest calculations from the primary
election OF Tuesday the candidates nominated for
important offices three members Of our own race IN
the persons Attorney Charles RoNborough Republican
First Congressional district Senator Charles e. Diggs De-
mocrat and Dr. Aaron Toodle Republican. Third Sena-
tora district We congratulate these successful Candidates
and al citizens who have no yet registered TO 60 70
he CRY hall ard register from Sepemhr - 70 i? in order
"a he qualified ~ vote in The November election.
The large vote cas- by Republicans throughout the
indicates that The between the candidates Of
in which he Negr loie w play Very rportant part ~
fact the Negro yoe prove be he balance Of power
We sroa fherefors ca> sur ballots IN The general cleo
tior s4cn 20 make he most oi me opportunity
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1938-09-17
EDITORIAL PAGE
LIBRARY NOTES

The Federal Housing Admins
irstion received Al last q human
and understandable Interpretation
~ Lothrop Library this week in
The CHALLENGE OF HOUSING"
hrok written nv Post. the chair
man OF The New York City Hous-
ing commission. Also dealing with
government activities "A NEW
DEAL FOR YOUTH" by Lindley
presents survey OF opportunities
10 ne had with the National Youth
Administration.
conditions abroad are given a
terrible aspect in the LAST FIVE
HOUSES or AUSTRIA" by Lem
Aoff former editor OF The Vienna
Telegraph. man personally ac-
ausinied with The principle figures
IA The Austrian tragedy. Dramati-
cally- Chancellor Schussnigg ia
portrayed as a man whose culriyat-
cd mind and high moral qualities
placed him At a disadvantage in
defending himself and his country
against brutality.
In sharp contrast. THIRD
CLASS TICkET TO HEAVEN. nv
Folleii gives picture Of the old
Germany Of peaceful. fun-loying.
ar'isii, peasants. CROSSROADS
or THE zlIDER ZEE" nv Hend-
nix de l.eenw sets The Holland Of
Nobel prize winners and great
manufacturing plants. against the
traditional background 81 windmills
and Wooden shoes
Those who would study again
mis- ts viii appreciate CON
TEMPORARY l.ITERATrRE. bv
BlanAcnship. lyman and Hin.
new anthology of modern writing.
divided into four sections Man in
he World Man in sociery Man
~ work and Man IT play. The
1885 edition ~ MOTOR : HAND
BOOK by Barry has arrived for
me technical fans. and NINA
TIRE CAME "A WORK by Nor
Ssn End Lester for the pholocra-
my addic's But when Indian SUM
ner success the outdoors. as for
I'm N THr. BACK YARD" Nv
~~son Z game book for the whole
,amily
-. coLoREp JrpcE-
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1938-09-17

in IL already quite large and Is
like = mushroom. It's mem
hers are militant. sincere, aggree-
.ive and determined
Mr. Shakespeare Elder, the club
president stated at recent meet
ing that anyone who as an indivi-
dual makes demands upon. threat
ems or otherwise intimidates per-
ION. or merchant in the name OF the
Equal Rights club, IL an imposter
and does not properly represent as.
only an elected committee. each
hearing a credentisl. negotiates.
or attempts 10 negotiate any and all
agreements involving or binding
our club which are legal only with
the approval Of the membership
body But an individual. or group.
may be appointed 10 investigate
with credentisI."
Shakespeare Elder. Pre-.
SEQ Farnsworth avenue
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1938-09-17
Done At Random

OF two years ago, who won undying
fame leading runners 10 the clean
ers," has turned business man.
Jesse. who has wife and ten
month old baby TO provide for, has
opened dry cleaning establish
ment In Cleveland
With Bushes
This department on June 80. un-
der the subtitle business" i'm
formed it's readers that the North
Carolina Mutual Life Insurance
company OF Durham, \. C., would
open branch office In Philly. We
further stated that the plans were
completed in June. A leading week
~ on August 10, front PACED the
same story.
In personal 10 Angelo Herndon.
July II. we stated: "Wardens OF lis
prison camps in Georgia have been
instructed TO abandon the use Of
chains on prisoners. Incorrigible
prisoners will be sent TO Tattnall
penitentiary rather than use chains
to subdue them The following
week several sepia sheets headlin-
ed the same information.
We penned. in our weekly re-
lease. August IL. If there is any
delay over the telephone In Swed-
en-. the Swedish operation says, not
Just minute" hut I'm the wink
of an eve Walter Winchell. in
daily sNndicated column. The same
date lined out the identicl words.
Speed
Jack Johnson. former worlds
heavyweight boxing champion. was
arrested and fined $40 for driving
his car At 30 miles an hour near
Wilmington. Del. several DAYS ago.
Which brings 10 mind story
told about Jack during his cham
pion~llip days. II seems that Jack
WAS hailed before small town
justice for speeding through the
village At SO m. p. m. and was
promptly fined SIS. The champion
paid the fine and then handed the
Justice another s25 and stated,
You'd better take this now. be-
cause III he coming back just as
Fast
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1938-09-17
OPEN LETTER

Local labor officials were taker
to task by the local council OF ths
National Negro Congress about ar
article which appeared In the La.
bor News recently. In an open let,
ter to Frank X. Martel. president
Detroit and Wayne County Fedora
tion OF Labor, and b. j. Ryan. pre-.
sident OF the Detroit Fire Fighters
association. the Congress says:
Mr.. Frank X. Martell. President
Detroit and Wayne County Fedora.
tion Of Labor
Mr.. p. ]. Ryan. President
Detroit Fire Fighters Association.
Gentlemen
II Is strange TO find a president
OF one of your locals. that Is, the
Detroit Fire Fighters Association
attacking their newly appointed
brothers In an article appearing in
the September 2nd issue Of the De-
troit Labor News under the title
"s Hour pay is Goal OF Fire Fight
crs Here
Quoting from this article the
following paragraphs:
Although the eight-hour day
amendment has been in the
minds Of Detroit firemen for
some time. It's submission TO
the public has been accelerat-
cd by the induction OF Negro
fremen into the stations. and
the fact that many more are
now on the Civil Service eligi-
BILE list waiting for vacancies
to appear. This has created
condition peculiar only 10 fire
men. by reason. that Detroit's
fire fighters now work "a hours
on duty and "a hours off duty.
an average OF "a hours week.
and thereby must work. eat,
sleep and live together In
manner similar 10 family life
when on duty.
I'VE are asking for no more
than what Is now granted every
other city employee. including
the Detroit Police Department.
We are positive that Detroit"s
citizens will correct inhuman
condition as II respects work
ing hours and In addition will
provide the means whereby
Detroit's firemen will he saved
the necessity Of living. eating.
and sleeping with members OF
another race"
The National Negro Congre -
supports any and all legislation de-
signed 10 improve the working con-
diiion OF labor and its record shows
II has fought consistently 10 i'm