davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-01-03
RAIL ECONOMIES
DECLARED VITAL
!. c. C. Says Higher Rates
Alone Will Not Solve Car.
riers' Problems.
By the Associated Press.

BY the Associated fTeSS.
The Interstate Commerce Commits
sion, discussing the general railroad
situation in report to Congress today,
said increased rates alone would not
solve the carriers financial problems.
NO competitive industry can work
out it's salvation through a price,
increasing policy alone. and the rail-
road industry is now. to very con-
siderable extent, in that class" the
report said
The commissioners said their report
was not to be taken as indicating
their attitude toward the pending
petition of the railroads for Is per
cent rate increase. estimated to in
crease revenue by $500, 100000 a year.
I'VE have an entirely open mind"
they said of the petition.
Along with their discussion of the
rate situation, the commissioners
criticized what they said was the
failure of the railroads to effect
greater operating economies
They expressed the belief that the
railroads, by cooperation with each
other, and the coordination of many
of their facilities and operations, could
make further material educations in
operating expenses"
In this connection the commission
expressed belief the Association of
American Railroads should bring
about accomplishments along this line.
Evening star., 1938-01-03
PRIVATE ENTERPRISE
DECLARED VITAL FORCE
Special Dispatch to The Star.


PHILADELPHIA, Jan. 3.-The ex-
tent to which the people of the United
States will prosper in 1898, as well as
in the years to come, will depend upon
the extent to which individuals and
groups of individuals are rewarded
for their initiative. ability, thrift and
effort. declares Charles R. Hook,
president, the American Rolling Mill
Co. This means the protection and
encouragement of private enterprise.
Never in the history of the world has
there been any sound prosperity on
any other basis.
Prosperity for all of us can come
only through increased production.
with an equitable sharing of that
which is produced
But neither individuals nor groups
of individuals organized as corpora
tons can be expected to invest their
savings in the development of business
without the incentive of reward. So
it seems clear to me that general
prosperity is inextricably linked with
confidence built upon the foundation
of individual incentive"
Evening star., 1938-01-03
BUSINESS DROP !
SLOWS IN MONTH
National City Bank Sees ,
Signs That Decline Is
FIattening Out.
By the Associated Prass.

BY the Associated Prass.
NEW YORK, Jan. 3.-The rate Of
decline In the business recession was
slower In December, the National
City Bank said today In its monthly
Letter, and "a Tew signs have ap-
peared that the decline Is fiattening
out"
The commodity markets have been
f1rmer and new orders in some lines
have picked up moderately" the letter
stated. continuing:
This modest improvement in buy->
ing evidently reflects a need for the
commodities, for there has been no
change in the prevailing policy of
keeping down forward commitments.
mo one can state positively whether
this improvement will hold, or when
it will become sufficient to halt tho
decline in employment, and income
business men are not optimistic on
the nearby prospects. However,
period of stability would naturally
be expected after drop of well over
25 per cent in industrial production
in four months.
"All movements of business tend
to exhaust themselves, and the sharper
the recession the sooner the leveling-
out should come. For four months
there has been great .curtailment
OF expenditures, especially by the in
dustries themselves and by the dis
tributors of goods, and, to a lesser
extent, by consumers also. The effect
has been an unprecedently swift re-
cession.'
The steel industry, the letter states,
has been a leader in the recession
and the evidence that steel inventories
have been materially reduced seems
convincing"
Evening star., 1938-01-03
FOREIGN EXCHANGES.

NEW YORK. Jan. 3 lP-Nervous Lon
don and continental selling of the dollar
IN anticipation of the Presidents message
10 Congress carried most European curren-
cies Sharply forward in terms of the
American unit today.
The pound sterling led the advance with
gain, of II of cent. The French franc,
partially supported by the offcial control.
rose .OoI8 Of cent. The guilder spurted
10 OF cent and gains Of OF of a cent
ana .o"l2 OF cent were made by the
belga and Swiss franc. respectively
In London the dollar sagged "a of cent
the equivalent of 3 .3ga cents to the franc,
against a week end New York rate OF
1898 cents.
Noon rates follow:
Great Britain in dollars. others in cents:
Great Britain. demand, 5.0Oas: cables,
5;0O55s; 60-day bills. 500: France, de-
mand, 3.i0 cables; $40: Italy. demand.
Demands--Beleium. 1891; Germany.
25. s5; Holland. 55.75; Norway. 25.15:
Sweden, $3.50: Denmark, 30 .35: Finland.
80: Switzerland. 23.15: Spain unuuoted:
Portugal 4.54i2; Greece. .a2i4 Poland.
1898; CzechoslovakIa, 3.51l2; Yugoslavia.
2.35: Austria, lS93n: Hungary. 1880:
Rumania, rs: Argentina. 33.35n Brazil
freel. 5.3On: Toxic. 2n.l7: Shanghai,
2a.65; Hong Kong, 81 80: Mexico City.
27.sO; Montreal in New York. 90 95ls:
New York in, Montreal. k00.04it.
Q-Nomlpal.
Evening star., 1938-01-03
EXPANSION CONTINUES
FOR GAS COMPANIES
):snatch tn The Star

EI ecial Dispatch to The Star
NEW YORK. Jan. 3.-The year
1887 was one Of continued progress
and expansion for the gas companies
in the United States, according to
Alexander Forward, managing di-
rector of the American Gas As
sociation.
Manufactured and natural gas COM
panies, supplying towns and cities
with population of 80,000,000,
served a total of 1902 900 customers,
representing the largest number Of
consumers ever connected to the
mains of the industry and an in
crease of $1,000 over the year 1886
OF these, 100000 were served by the
manufactured gas industry and the
remaining 7,046,000 were served by
the natural gas industry.
Revenues of the entire industry
both manufactured and natural.
aggregated s8Ol, ,93l, 900, a gain Of
Al per cent over the preceding year
of 1886. The natural gas companies
crossed 44l.176, 900, gain Of SO per
cent for the year, while revenues Of
the manufactured gas companies were
$780, 900, as compared with $751;
531 900 in 1896, an increase of 0.9
per cent.
Evening star., 1938-01-03
CURB LIST GAINS
ON BROAD FRONT
Utility and Specially Issues
Assume Leadership in
Market Rally.
By the Associated Press.

By the Associated Press.
NEW YORK. Jan. 3.-The curb
market moved forward over broad
front today, with utilities and indus
trial specialties leading.
Principal gamers in late trading in
cluded Aluminium Co. of America, Pan
American Airways, Newmont, Great
Atlantic & Pacific, American Cyana-
mid B." American Gas g. Electric
and Electric Bond & Share, with ad-
vances ranging from fractions to
around 2 points.
There were few laggards. but their
losses were small Down little were
Lake Shore Mines, Sherwin- Williams
and Pantepec Oil.
Evening star., 1938-01-03
BETTER SERVICE CITED
AS AIR TRAVEL GAINS
Special Dispatch to The Star.


CHICAGO. Jan. 3.-New records
both domestic and international, in
volume Of air passenger traffic were
established during the summer of 1887
by the airlines of the United States.
This increase can be attributed to sew
eral factors. important among which
was the re-equipment program Of the
major lines, says w. A. Patterson,
president, United Air Lines.
Finer, faster and more frequent
coast-to-coast and intercity service
was provided during 1887 as a result
of new Douglas DC-3 type transports
introduced on the principal lines early
in the year.
"It is estimated that the re-equip-
ment program of the three coast-to-
coast operators aggregated $4,000, ,000
Operators on other routes spent sew
eral million dollars for new planes, in
addition to the $4,000, 900 investment
in the coast-to-coast transports.
Fares generally were lowered in
May, accounting for part of the gain,
and more widespread use of volume
travel plans by business organizations
provided an added stimulus to air
travel during the year"
Evening star., 1938-01-03
IMPORT SILVER
PRICE E|SB00STED
Advances 5s of Cent to a..
London Market Scores
Further Gain.
BY the Associated Press.

6y tHe ASSOClAteQ STeSS.
NEW YORK, Jan. 3.-The newly
established industrial base price for
imported silver was boosted "a cent
to A cents an ounce today by Handy
& Harman, bullion dealers.
The increase following lift Of ia
cents last Thursday was in the face
Of President Roosevelt's proclamation,
announced Sunday, cutting the Gov
ernment's buying price for newly
mined domestic silver from 77.57 cents
to 6464 cents an ounce.
At the same time the bullion firm
announced cut in its quotation on
domestic silver to GAS cents from II
cents to conform with the Govern
ment's revision. The difference be-
tween the official and the dealers
price arises from costs of handling,
and the like.
In view of the wide slash in the Gov
ernment's premium on newly mined
metal, which was said to have taken
some quarters of the trade by surprise,
the reaction of silver markets today
IOuSCu COllullCAlC Ill uCdAC1 SASACo'
The boost in the industrial base price
by Handy g. Harman today had been
preceded by rise in the London price
of bar silver to 1914 pence, up 3-l6
pence This was equal to about 43 l-3
cents an ounce
Early in December world silver prices
broke sharply on conflicting rumors Of
U. S. Government buying policies with
expiration of existing contracts under
the silver purchase act on December 81.
To meet big spread between the
depressed London price and the Treas
ury's buying price of around As cents
for foreign metal, Handy g. Harman
established the new industrial base"
price of 425s cents. This was later
cut to AZ cents. but with the advances
of last Thursday and today the quota
tion is currently at peak.
Evening star., 1938-01-03
INSURANCE SHARES GO
LOWER DURING WEEK
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, Jan. 3-Insurance
stocks il. the New York City market
eased off slightly during the last
week. according to records compiled
by Holt, Rose g. Troster.
The aggregate value of 20 leading
fire and casualty insurance issues on
December 81 totaled s495, 5,297 900.
compared with s499, ,705.000 at the
close Of the previous week. decrease
of s4,408,000 or 0.88 per cent.
The current average yield Of the
20 issues is now 4.64 per cent, COM
pared with yield of 4.60 per cent
on December "a. The current market
value equals 79 per cent of current
liquidating value, unchanged from q
week ago.
Evening star., 1938-01-03
WOOL SALE OPENS.

SYDNEY, Australia, Jan. 8 (P.-
The fifth series of wool sales for, the
current season opened today De-
mand was good and prices firm for
best grade wools. Poorer grades, how
ever, were unchanged to per cent
below the November series. Offered at
auction were 12,211 bales of which
8,476 were sold.
Evening star., 1938-01-03
Clidden Co. Nets
$2,542,793 Profit
In Twelve Months
BY the Associated Press.


CLEVELAND, Jan. 3.-The Glidden
Co., paint manufacturers, reported net
profit for the fiscal year ended Octo-
ber 81, 1887. after all charges, totaled
$2,542, 1880, compared with $685.
468.89 the previous year.
Net sales for the period. excluding
intercompany and subsidiary sales
and transfers. totaled s54,052, ,233O7,
against s44,58o, ,95933 for the previous
year.
Evening star., 1938-01-03
UTILITY SALE GIVEN
APPROVAL IN VIRGINIA

BY the Associated Press.
RICHMOND, Va, Jan. 8. - The
State Corporation Commission an
nounced today final authorization had
been given the Appalachian Electric
Power Co. to sell to the American
Gas & Electric Co. the Kingsport
Utilities, Inc. of Kingsport, Tenn,
and the Kentucky g. West Virginia
Power Co., Inc.
Evening star., 1938-01-03
NEW YORK LIVE STOCK.

NEW YORK, Jan. 8 A1;-(state Depart
Guiding 500 direct. steers 25 hisher; me
diurn to good. / I,21O-1. .265 pounds. $780,
800. Bulls fully steady: cutter to, me
725. Cows. % higher. low cutter and
cutter. 4.O0-5: so. . few lightweights below:
fat cows, 5.75-6.50; best weight dry feds
held higher.
.Vealers and calves 1900. including
5000 direct. Vealers 50 higher; good to
choice nearbys and Ohios IA 90; mediums
1O.OO-12.OO; uehtweights. 5000 so.
Calves generally so higher; common. 21S
and 2sO rounds, 6.25.7: 90.
no direct Lambs fully % higher than
last Monday strictly good s0-pound fed
Hogs 1850. including $500 direct.
Market 20 higher: 19s-pound average. S.75.
Evening star., 1938-01-03
NEW YORK SUGAR.

NEW YORK Jan. 3 ON.-Sugar futures
held steady today as scattered covering
and trade buying absorbed LIQUIDATION and
hedge selling.
March No. sold at lis. or net un-
changed, while March No. 3. after de-
Ginning point to 2.25. rallied to 226,
leaving the list at p m. net UNCHANGED.
Evening star., 1938-01-03
TRADE SETBACK SEEN.

PHILADELPHIA, Jan. 3 R.-The
Federal Reserve Bank of Philadelphia
reported business activity In the Phila-
delphia area during the closing months
OF 1887 receded to virtually the level
Of two years ago. =.
Evening star., 1938-01-03
DIVIDEND ORDERED,

NEW YORK, Jan. 3 Especially -
Directors of American Fidelity g. Cas-
ualty Co., Inc, of Richmond, Va,
have declared quarterly dividend
of Is cents per share on the COM
mon stock for the quarter ending
December 81, payable January 10 to
stockholders of record December 81
This represents the first dividend de-
clared on the new common stock
since its issuance in July, 1887.
Evening star., 1938-01-03
STEEL QUOTATIONS..

NEW YORK, Jan. 3 Rl.-Steel prices
per 100 pounds I. O.: b. Ptttsburgh; Blue
vanised sheets. 3.sO; black sheets hot
rolled, 3.16; steel bars, 2.45.
Evening star., 1938-01-03
NEW YORK BAR SILVER.

NEW YORK. Jan. 3 (P).-Bar sill
yer. 44s4, unchanged; industrial base
price. a, up y.
Evening star., 1938-01-03
Bid and Asked Prices.
BONDS.
MISCELLANEOUS
STOCKS.
PUBLIC Utility

Amer. Tel. & Tel. tB----'144
Capital Transit Co... IA 10
N. g. w. Steamboat t6) 80 Ss
Pot. EIec; Pow, SO pfd. t6, 1l3, -
Pot. El. Pw. 5i2er of. $500 111i2
Wash. Gas 1t. new I2O) 1872 -
wash. Gas pfd. A.50) a5'4 97i
Wash Ry. g. El. com: t36lg- 500 -
Wash. Ry. g. El. DID. 90 100
Evening star., 1938-01-03

IN bakruptcy or recelvershlp OF being
reorganized under the Bankruptcy Act or
securities assumed by such companies
< Ex dividend Also exera or extras
b Including extra or extras. . Paid last
year year PAYABLE In stock Declared or
pald so lar this year no regular rata
Cash or stock Accumulated dividend
paid or declared. ur Under rule Wv With
rants
Rates OF dividends in the foregoing table
are annual disbursements based on the
last quarterly or semi-annual declaration
Gniess otherwise noted: special or extra
olV1oens are not included
Evening star., 1938-01-03
Washington Exchange
SALES-AFTER CALL.

Washington Gas Light preferred-1,
at 81.
Evening star., 1938-01-03

Automobiles. parts and accessories
are Americas No. l export
Evening star., 1938-01-03
U. S. TREASURY NOTES.
Approx.
Asked. yield,

NEW YORK Jan 3 R-Prices quoted
In dollars and thirty-seconds:
Evening star., 1938-01-03

tPIus extras e2E extra f21ses extra
ira. ''30 cents paid June "a. 1887.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-10-22
BURTON HOLMES
here TOMORROW
RacOnteur win Present
Travel Lecture at Sec.
Ond Church

Burton Holmes, Americas fore
most traveller and raoonteur, wan
present one OF his newest and most
beautiful travel lectures at the Sec
ond Congregational church forum
tomorrow evening ct 1850 o'clock.
Other forum speakers win be Is
follows:
October 80 and ST.
wThe Celebration OF the Christian
Church., an historical pa
Reant Of Christianity through
the ages, sponsored BY the
Passion Players and directed by
Passion Players and directed
BY Charles M. Sutherland and
MRS. John Q. walker.
November g.
Or. Wallace Nutting, famous art
ist author and photographer.
subject: sold American
Homes and Their Furnish
ings" illustrated with colored
slides.
November lS--
Union Service Of the Downtown
Churches In this Church. Ad-
dress by Rev. Moses Richards
son Lowell Of Central Congre-
gational church, Brooklyn, N.
Y.
The calendar Of events next week
ct the Second Church follows;
Sunday, october a.
1880 q, m. - Morning Worship,
Kindergarten Department In
the Parlor.
1900 m. - Church school, Daven-
port Bible lass, Sunday Noon
Club.
l:30 D. m.--pilgrim Fellowship.
6:4b D, m.-Intermediate Choir
Rehearsal.
T.30 D, m.-Forum,
Monday, October a.
400 p. m.--0irl Scouts, Troop ,.
Tuesday, October 26-
600 D, m.--Evening Department
Halloween Party.
wednesday, october 26-
$3.50 q. m.-Surgical Dressings.
400 D. m.--Church Aid Sewing
Meeting and Tea.
$50 p. m,-0irls' Sorority Sup
per and Meeting In the Work
Room.
1880 D, m.--sea Scouts Of the s,
s. Mattatuck.
Thursday, october 27-
2:30 .. m,-Week-Day School OF
Religion.
400 o, m.-Cubs, Pack z.
7:30 p. m. Miss Ziglat2kfs
Course on Hymns In the
Chapel.
Friday, October Pc
400 p. m.-Junior Choir Rehear-
sal.
7:30 p. m,--ssnior Choir Rehear-
sal.
7:30 p. m.--Boy Scouts, Troop 7.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-10-22
CHURCH SCOUTS
HONOR FATHERS
Sacred Heart Boys to Be
Hosts at Banquet Next
Monday Night

Monday evening, the Boy Scouts
OF Troop -, Sacred Heart church
will be hosts 10 their fathers OF
their Father and Son banquet. The
principal speaker for this occasion
will DO Rev. John McBrearty, troop
chaplain.
Among the invited guests will be
the pastor Rev. Henry u. Quinn
Scout Executive David Babson, As
sistant Scout Executive Henry Dom
ahue, District Commissioners Carle-
ton O. Chaplin and Harry Hyde
Also expected 10 attend Will be Rev
Frederick r. echaeffer, former
chaplain now stationed at 81. Pet
er's church, Bridgeport, and Morris
Buck who was host 10 Troop - OF
Camp Morris Buck, Lake Hitch
cock last summer. ecoutmaster
James ]. Burke will DO the toast
master.
Troop 10 10 one Of the pioneer
Catholic Boy Scout troops IN the
city having been organized eleven
years ago by Rev. Cornelius p
Teulings under the passionate OF the
late Rev. John J. Fitzgerald. Tho
present officers OF the troop are
scoutmaster James J. Burke, Assis-
tant seoutmasters Aroi Charbon'
neau, John @. Cullinan and Mi
chael Nolan. The troop committed
consists Of Chairman Napoleon
Charbonneau, Harold Deecher. AL
fred Bari, Leo Conrad, William
Lucien, Joseph Ippolito. and Rev,
John McBrearty, chaplain.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-10-22
SUPER POLICEMEN
ACTION EXPECTED
Filling Of 40 Vacancies
May Be Made By Com.
missiOners Shortly

Early action Is expected 10 be
taken by the Board Of Police Com
inissioners on the filling Of about
40 vacancies In the ranks OF SUPER
fiumeraTiee In the police department.
The charter provides for O maxi
mum OF 100 supernumerary patrol.
men, and there are ct present only
about 60 on the list.
The subject was discussed at q
conference Wednesday between
Mayor Frank Hayes and the board
Names Of many candidates for ap-
polntment are believed 10 have been
discussed by the mayor and tho
commissioners. The 40 appOinteea
will be chosen from o List Of several
hundred applicants, some Of whom
have had their names on file for
years.
Despite reports, no promotions
have been considered by the police
board. The only vacancies IN the
regular department are those Of two
gefgeants and one patrOlman. There
aye no funds IN the department bud
get 10 pay salaries Ia case Of promo
tons 10 the seFgentcies Os appoint.
ment OF q patroIman. Aside from
these vacancies, the police depart.
mont Is up TO the full limit specified
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-10-22

As O member Of the advisory
board OF the Salvation Army,
Clyde Jennings, manager Of The
Elton Hotel, was chosen TO broad
cast an appeal In the interest Of
the local organization Thursday
evening. He selected Ns his theme
the spirit Of the Salvation Army,
the secret Of its strength and
unity. Il was o most interesting
description OF the history, the
hopes and ideals, as well as the
achievements Of the great charit-
able organization. Mr.. Jennings
address over Station WATR was
as follows:
II was revealed In an English
periodical recently that On at
tempt had been made 10 create
disruption In the ranks OF the
salvation Army. An advertise
ment had appeared In O London
newspaper inviting officers TO
get In touch with O box number
with O view 10 starting q pro-
tective association. The would
be disturber shrouded himself In
secrecy, but his intentions were
obvious. Knowing that under the
terms Of their pledges with the
Salvation Army It's officers draw
no salary and live on allowances
which are often barely sufficient
for their needs, no raised his
flag TO revolt and waited for his
following. The revolt that follew.
cd proved not OF the kind he OK.
pected. The letters he has re-
ceived In answer TO his advertise.
ment were apparently 20 few and
so hostile that not one Of them
has been replied to.
HelI.fEOles
The only result, In fact, has
been 10 surprise General Evangel-
Inc Booth herself OF the vehe.
nience with which he officers
maintain not only that they
should not be paid on professional
standards, but hiatt the Army
should expect from them O little
more Of the spirit OF the pioneers
who moved without fear In the
hell-holes OF our biggest cities,
often when their stomachs were
crying out for food.
Young officers In particular
have IN particular have assured
the General that they would
like 10 see more OF the sacrificial
devotion OF the drum and Gym.
bal-days, even II IL could only DO
achieved at the cost OF organiza-
ton. Now II happens that ros
body In the movement has more
OF the oid-tifne blood-and-fiFe
spirit than General Booth. With
this assurance ringing In her ears
she sailed for America for O tour
OF the United States and Canada,
with the knowledge that the only
revolt that will take place while
she Is away u one that the whole
Army will welcome.
You have 10 learn 10 UNDER
stand the spirit OF those Saliva
ton Army officers 10 realize why
they prefer more sacrifice 70
more money. There Is no more
moving or inspiring spectacle IN
the world than 10 see the newly
commissioned officers ranged up
on the platform In Salvation
Army Halls around the world
every year waiting 70 hear what
God intends they shall do with
their lives.
Fate Sealed
On what u hidden In sealed
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-10-22
CAMP AICN TEAMS
TIED FOR HONORS
YMIiA and Young Mems
Club Kn0tted In YMCA
Drive

Two campaign teams are tied for
first honors IN the annual enroll
ment drive OF the Y. M. o. A. ac-
cording TO an audit OF the figures
completed last night, The Y. M. IL
A. team Of the Red Army and the
Young Mems team OF the victorious
Blue army each compiled 1904
points,
Members OF the Y. M. II. A. team
are Captain Louis A. gchneer, Louis
II, DrexIer, Leon gundel, Alfred
DRESSER, Louis Feiiich, Walter "
Levin, Samuel J. Frank, and Muir
ray L. drosgman. Members OF the
Young Mems team are Captain Joe
seph p. Kenny, Carmen DiModugn0,
William b. FTisbie, Barbara M.
Kunkel, George J. Mitchell, No-
bert J. Lysatt and Thomas o. Smith.