davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-04-10
LONDON MARKETS
UP MODERATELY
Recovery Follows Easing
in Heavy Liquidation
of Recent Weeks.
BY LEONARD J. REID.
BY Wireless to The Star.

BY wireless 10 The star.
LONDON, April 9.-Considering the
complexity and uncertainty of the
world situation, the behavior of the
London securities market during the
past week was satisfactory. A modest
recovery in prices followed cessation
Of the heavy liquidation of recent
weeks, and the markets now await
with quiet steadiness developments in
the European situation, clarifcation
of the outlook in America and presen-
tation of the British budget.
Favorable news. such as announce
ment of the Anglo Italian agreement.
would cause bear closing and sharp.
though probably temporary, rise in
quotations.
The actual volume of present busi-
ness is small, the weeks upward
movement merely rejecting an ad-
justment of the technical position,
for, although a substantial volume of
funds awaits investment, this will not
be Forthcoming without a definite
general betterment in the political
situation.
The weeks advance in gilt-edged is
sues, which opened firm on forecasts
of the Anglo Italian pact, was due
mainly to bear covering. which ex-
tended to the industrials, oils and
mines.
Austrian Bonds Gain.
A sharp recovery in Austrian bonds,
also, to a lesser extent, in Germans.
was attributed to German buying on
a market short of securities. The
position of Austrian commercial debts
in this country, estimated at mini
mum Of 100000, is expected to be
discussed shortly. with the possibility
of demand for their inclusion under
the German standstill agreement not
being overlooked.
Despite the decline in commodity
prices, the March averages of the Brit
ish commercial banks show a further
striking increase in loans to 1895. .000,-
900. new high since 1885, which
compares with 34,000, 900 year ago,
and lends confirmation to the pro-
nouncement of Lord Hirst, retiring
president of. the Federation Of British
Industries, Il see no slump in front of
us" The commodity markets, how
ever, were easier, with buyers holding
off pending signs of recovery or infla-
ton in the United States. The grow
ing disparity between production and
consumption in large number OF
primary products increases the un-
easiness.
French News Watched.
Political events in France were with
out pronounced effect on the franc ex-
change, which was fairly steady with
Evening star., 1938-04-10

out the Intervention of official control,
speculation being deferred by a realiza-
ton that some of Blun1's measures for
financial control were inevitable even
if the government were to fall
Commercial exchange between ster-
ling and francs also was not sufficiently
large to cause fluctuations in the rate
Possible conversion Of sterling bal
ances by French banks is not believed
likely to upset the London money mar
ket, since the British authorities could
rectify such situation if and when
it arises. French politics, however. is
now assuming vitally important po-
sition in the European drama.
Lcpyrirht. 1898. by the North American
Newspaper Alliance. IneJ
Evening star., 1938-04-10
LARGE GAIN SHOWN
IN STEEL EARNINGS
1887 Net of % Concerns Reaches
$242,05S,03S, Compared to
$167,954,2 ,226 in 1886.
By the Associated Press.

b. the Associated Press.
CLEVELAND, April 9.-The mag
azine Steel reported today that %
leading steel producers earned s242,-
058,038 in 1887 after taxes and other
charges, but before funded debt in
tcrest and dividends, compared with
s167,954 226 in 1896. The % firms
represent 80 per cent of total ingot
capacity.
The publication, in its 18th annual
financial survey. says last years
earnings were the highest since 1929
when 81 leading companies earned
1899, ISL, $50.
"Size of company apparently had
little effect on earnings per ton of
capacity, although leading interests
made relatively better showing in
1887 than in 1885, Steel said United
States Steel Corp reported $3.50 or 4
cents above the average for the %
companies, and rated 10th in. the list.
Bethlehem Steel Corp. earned s414
per ton of capacity, and rated ninth.
In 1896. Bethlehem and United States
Steel rated 18th and 18th, respec-
lively"
Evening star., 1938-04-10
A. 7. & 7. REVEALS
PROFIT OF S784,387
DURING FEBRUARY
Months Net Compares With
$1,8O6.773 Recorded
in 1887 Period.
Ey the Associated Press.

Ey the Associated Press.
NEW YORK. April 9.-American
Telephone & Telegraph Co. reported
today net operating income for Febru-
aly totaled s7S4.3S7. compared with
Sl,8O6,773 in February. 1887 Gross
income for February amounted to So
332,l26 against S6.7l3,5OS a year ago.
Net operating income covers operat- =
ing activities only, excluding non-op-
Grating income such as dividends. in
terest and other revenues received,
and incorporating charges such as
interest and rents paid
The figures reflect principally the
company's returns from its long lines
business, which is generally responsive
to business conditions
The drop in net income from this
source in February was attributed to
the low level of trade activity
The major part of the company's
total net income is derived from divi-
dends on its common stock holdings
in the Associated Bell companies.
which is not included in the operat-
ing totals.
Other corporate earnings reports
released during the week showing
profits per common share included:
Evening star., 1938-04-10
RATE BOOST ASKED
BY PULLMAN co,
Two Officials Request I. C. C. te
Approve 10 Per Cent Raise
at Hearing Here.

BY the Associated Press.
Two officials of the Pullman Co.
urged the Interstate Commerce Com
mission yesterday to approve a 10 per
cent increase in its rates.
D. A. Crawford. president of the
company, and E. P. Burke, general pas
senger agent, testified at brief hear
ing in support of the company's pend
ing application for general rate
boost
The present basic rate is 10 mills
mile. but there are certain excep-
tlons which the two officials asked the
commission not to disturb
The exceptions are on routes which
both company officers said bore pas
senger traffic heavy enough to justify
lower than basic scales.
Evening star., 1938-04-10

agency, succeed
ing the late WAL
ter B. Crossan.
Mr.. Cove was
formerly chief
clerk and deputy
assistant pos -
master general.
He became as
sociated with the
Acacia Washing
ton Office in 1884
and has made an
outstanding pro-
duction record. A
member of the
William Mont
gomery Quality
Evening star., 1938-04-10
HOUSE ISSUES
REPORT AT NEW YORK

Ey the Associated Press.
NEW YORK, April 9.-The weekly
statement OF the New York Clearing
House shows:
Total surplus and undivided profits
unchanged at $907 ,225, 800.
Total net demand deposits (average)
decreased $43, 1000.
Time deposits (average) decreased
$l.124, 900.
Clearings week ending today, s2,7ee.-
454.672.
Clearings week ending April 2,
81, 1880, ,638, $40.
Evening star., 1938-04-10

odlihCl > ASSUt Id
ton which takes
place at Hot
Springs, Va, in
June. President
Thomas J. Groom
announced yes
terday. Mr.. Off,
utt has already
served as chair
man of other i'm
portant Conven-
ton committees.
John A. Reilly,
president of the
Second National
Bank, was named
vice chairman
Evening star., 1938-04-10
GRAIN EXPORTS CLIMB
SHARPLY DURING 1887

By the Associa ted Press.
Exports of grains and grain prepara-
tions from the United States in 1887
were valued at S91, ,095 900, the De-
partment of Commerce reported in a
preliminary estimate. This total was
the highest since 1881 and was more
than three times the value of 1886
shipments.
Imports of grains and grain prepara-
tions in 1887 totaled $102. 1892 900, an
incerase of $l7.468,000 over 1886, the
Department of Commerce reported.
Evening star., 1938-04-10
FURNACE LIGHTING EASY.

NEW YORK, April Especially "A
chemically treated package of char
coal and shredded paper which is
said to bring the average anthracite
furnace fire to full combustion in less
than five minutes has been developed
by Anthracite Industries.
Evening star., 1938-04-10
SAVANNAH NAVAL STORES.

SAVANNAH, April P,.-Turpentine
firm. 23: sales. 101: receipts. 4s9 Ship
ments. 36; stock 2s.6l9. Rosin firm;
sales. 261: receipts. 1859: shipments, *:
stock; 70:236. Quote: B. $50: D. 40:
F. 315; F. 4.15: G. H. I. K, 471la: M
4.SO: N, so: VIC. 500; WV, X, $50,
Evening star., 1938-04-10
PHILADELPHIA PRODUCE.

PHILADELPHIA. April 9 tP.-Live and
dressed poultry UNCHANGED. Wheat No. .
RED p9, winter garlicky; April delivery S?Ha
81 2SH. EGGS. 4,6l6 cases. frm; extras,
whites 23.35ls; mediums, extras or better,
whites, 1Sl2-21.
Evening star., 1938-04-10
RAW HIDE FUTURE.

NEW YORK April o R-Raw hide
futures closed. a1-23 higher. Sales. A.
100000 pounds. June. S59-t,O: seutem
Der $50: December, 92On; spot. No /,
western light native cows. IN. n-Nom
Evening star., 1938-04-10
NEW YORK COCOA.

d, NEW YORK. April o lP,.-Cocoa fu-
lures closed 9-14 higher Sales. 3."03
IONS May, 5. 15n: July. 5.eOn Septem-
inal
Evening star., 1938-04-10
WOOL TOP FUTURES.

NEW YORK. April . tP,.-Wool top fu-
lures were active and rmer today ON trade
and commission house buying,
Futures closed ! to IN higher
Evening star., 1938-04-10

mgton and Baltimore associations. in
Baltimore on May 6. when 500 active
insurance men are expected to attend.
Evening star., 1938-04-10
lRegst.red United st..es Patent ofice1


tou
The Waterbury Democrat., 1938-03-30
Parish Lines h East End To Be Shifted
Rapid Growth of SS Peter Paul Parish Necessitates Change of Jurisdiction Official Announcement of
 Proposed Shifts Expected in Transcript
Deputy Registrar of Voters

Changes in the parish lines, af- fecting large number of parishion- CTS of the Church of the Sacred Heart and the Church of SS. Peter and Paul have been made, it was learned today. The changes transfer residents of number of streets in the eastern section of the city from the Church of SS. Peter and Paul to the Church of the Sacred Heart The section principally affected is Bouley Manor. It is understood that all Catholic residents of that section, hitherto members of the Church of SS. Peter and Paul, will be trans ferred to the Church of the Sacred Heart. According to information received today, the changes will be announced officially by Most Rev. erend Maurice F. McAuliffe, Bishop of Hartford, through the Catholic Transcript. official diocesan publi- cation. The exact changes in the parish lines will then be announced.
 Families affected by the changes have already been notified. It has not yet been announced what will be done about children now attend ing SS. Peter and Paul school, who with the line change become mem bers of the Sacred Heart parish.
 The Bouley Manor section has been growing rapidly in recent years. Growth in that district and in sev- eral other sections in it's jurisdiction have made the Church of SS. Peter and Paul one of the fastest-growing churches in the entire Hartford Diocese.
The Waterbury Democrat., 1938-03-30
WHITNEY REVEALS
 NEW DISCLOSURE
Told Brother Last Fall He Had Used Securities
 Improperly

New York, March 30.-UP)- Richard Whitney, former president of the New York Stock Exchange disclosed today that he had con- fessed last November to his broth CT, George, a partner in J. F. Nor gan & Co.,, that he had been im- properly using securities entrusted to his firm.
 Whitney, awaiting sentence April II, on his plea of guilty to two charges of grand larceny, said his brother was "aghast" and immedi- ately made arrangements for per- sonal loan of $1,082,000 so that the senior partner of Richard Whitney & Co., could redeem securities owned by the Gratuity Fund of the New York Stock Exchange. The Gratuity Fund provides death bene- fits for Stock Exchange members. Securities in the Gratuity Fund had been pledged for loan obtained by Richard Whitney.
 Discussing the huge loan from his brother, Richard Whitney told Referee Irwin Kurtz at a bank ruptcy hearing:
 That loan was made because I told him I had been using Securi- ties improperly. He was aghast and terribly disturbed. He told me he would see if he could make ar engagements to loan me the money I needed. He told me to find out how much would need to relieve the situation.
 q informed him and on the next day, which was November A, the money was loaned. There was noth- ing at that time or thereafter that indicated to George Whitney that the firm was insolvent."
 Did George Whitney know of the securities involved in wrongful pledgings?" he was asked.
 "He only knew about the Gra- tuity Fund of the exchange" Whit ney replied, meaning his brother was unaware of other securities he had misappropriated.
The Waterbury Democrat., 1938-03-30
CANCER DEATHS
 BEING PR0BED
State, Federal Health Of= ficers Converge on Or-
 landO, Fla.

Orlando, Fla, March 30-(UP)- Dr. H. A. Day, president of the Orange County Medical association today ordered an investigation o1 deaths of six persons who died ot lackjaw 24 hours after undergoing serum treatments for cancer.
 Thirteen other persons, who also underwent serum treatments fol cancer, were ordered under strict medical observation. A 14th was removed to a hospital today with symptoms of lockjaw.
 q have reported the cases to the American, Medical association at Chicago by telephone" Dr. Day said "The victims had all the symptoms of lockjaw.
 "We have ordered chemical and meteorological ana.ysls of the se- rum used."
 One physician was treating all the cancer patients involved. His name was withheld.
 pr. Day said that the serum treat ment had been given to some of the patients over a two-year period ano that 1t was used to relieve pain, not as a curative agent.
 Justice of the peace E. E. Duck worth, who also is coroner here, an- nounced that he was procuring 8 sample of the serum for analysis An autopsy will be held on at least one of the victims, he said.
 Duckworth said that 8 prelimin- ary investigation showed shipments
 (C0ptinylnd m papn 4)
The Waterbury Democrat., 1938-03-30
REC PRIMED TO
 BOLSTER BUSINESS
Jesse Jones, Chairman, Called Out to Pinch=Hit
 Against Depression

Washington, March 30-(UP)- Chairman Jesse H. Jones of the Re- construction Finance Corporation, 64-year-old first citizen of Houston, Tex. was about to resume the fam iliar role today of President Roose- velt's pinch hitter against depres- sion.
 Jones and the REC are going to have new lending powers. Business will be invited to dip into the REC treasury in an effort to stem a rip tide of recession which is sweeping securities toward 1882 levels and which is estimated to be washing $1,OOO ,OOO, ,00O a month off the na- tional income.
 That national income slump Is what worries the New Deal most. Mir. Roosevelt wants to raise the figure to $9O,OOO, 100000 or $100,0O0,- 100000 a year. It was around $68,- OOO,0OO,OO0 last year and is going away from the New Deal goal now instead of toward it.
 OIluel CllooC CAlSuiiio"aAASS'' oiAS administration is turning to Jones. MT. Roosevelt is in the process of postponing-perhaps avoiding-new pump priming expenditures or sub sidies to big business by throwing the REC open for loans to prac- tically anyone of good character.
 Jones will supervise the new lend- ing operations to which the pres ident was persuaded by conservative Sen. Carter Glass, D. Va, and a group of economy-minded men within the New Deal circle.
 Adoption of this strategy to over come precipitant business decline is a triumph for Jones and Secretary
The Waterbury Democrat., 1938-03-30
KENNY IS SAVED
 BY LIE DETECT0R
Proves His Innocence Wins Acquittal on Rob-
 bery, Assault Charges

New York, March 30-(UP)-Ray- mond Kenny, who proved his inno- cence with a lie detector, was ac- quilted today of robbery and assault charges that might have sent him to prison for 30 to 60 years.
 It was the first time that the find- ings of pathometer, or lie detector, had been admitted as evidence in a New York court. Robert Frey and his wife had identified Kenny as the bandit who took $35 from their delicateSsen.
 Kenny himself, and two defense witnesses who saw the robber run from the store, denied that Kenny had been the bandit, so by ordinary procedure, the jurors would have been compelled to accept the word of one or the other set of witnesses.
 Judge Charles s. Golden permit ted the Rev. Walter G. Summers, s. J., of Fordham university, to tell about the test he made on Kenny with the district attorneys permiS- sion March 1Z.
 Father Summers said that Kenny answered 28 questions, nine of them pertinent to the robbery, with the same steady emotional responses by which the detector proved him inno- cent. He said it was impossible for anyone to control his emotions and defeat the instrument.
 Judge Golden, in admitting the evidence, said: ''For hundreds of years our courts have deemed the examination and cross-examination of witnesses to be the best method for the entertainment of truth. It seems to me that this pathometer indicates new and more scientific approach"
 The jury deliberated almost 10 hours. Kenny was on parole from previous robbery conviction.
The Waterbury Democrat., 1938-03-30
Atty. Dunn May Be Main Witness Before Grand
 Jury Today OLSEN, MACKENZIE AND LEVY ALSO BACK AGAIN Thos. Shanahan Expected to Be Early Afternoon
 Witness

City Hall officials don1- mated the list of witnesses subpoenaed before Water bury's extraordinary grand jury today. Their presence, and the order in which they appeared, indicated that the jurors are seeking enlighten- ment on payments made them by the city, over and above their regular salaries, for special services. Attorney Martin J. Dunn, purchasing agent, and chief aide to former Controller Daniel J. Leary during the latter's tenure of office was be- lieved to be the principal witness today. He was the first member of the controllers staff to be called by the jury, aside from James F. Purcell and Controller Rowland himself.
 Crary Also Appears
 Others who appeared this morn ing were John H. Crary, chairman of the Democratic Town Committee, and chairman of the Board of Assessors; Michal F. Slavin, deputy registrar of voters; Carl D. Olsen, vice-president and treasurer of the Waterbury Trust Company; Jacob Levy, of Westport, whose wife oper- ates the Compo Inn, Westport; and Harry Mackenzie of Bethel, well known lobbyist of several general assemblies.
 Thomas A. Shannahan, another member of the board of assessors, will be witness early this after noon. Detective George L. Greer, who served subpoenas on the other City Hall representatives who ap- peared, is reported to have a sum- mons for MT. Shannahan. His at- tempts to reach him at City Hall this morning were in vain, as MT. Shan nahan was working on an outside assignment.
 SIavin First to Arrive
 First of the mornings witnesses to arrive was Michael F. Slavin, de- putty registrar of voters, a Democrat. He is reported to have received funds from the city over and above his regular salary which is fixed by statute. The payments are said to
 (Coptinued on Page A
The Waterbury Democrat., 1938-03-30
Sit-Do1un Strike Feuer Felt; Brass Co. Workers Protest
North Plant Affected Chase's Issues Formal
 Stand on Wage Cut

Strikers at the north plant of the American Brass Co.,, left the company property few minutes before 2 o'clock this afternoon. It was understood that no agree ment had been reached with tho firm, but that the men had been told to return tomorrow to re- ceive the company's decision on their complaints.
 The "sit down" strike fever hit Waterbury shortly before noon today when some 300 employees of the north plant of the American Brass Com pany discontinued work in protest to an officially an- nounced pay cut of approxi- mately 10 per cent in wages, the abolition of the 5 per cent premium for night work and no allowance for a summer vacation. The strike was not off cially called by the Waterbury Brass Workers, CIO affiliate, it was stated, but there was no doubt but what the spontaneous action o1 the workers would be sustained by a vote of sanction, it was reported today.
 The demonstration, so it was claimed. involved at least 300 work CTS in the rolling mill and after l o'clock the discontent was reported spreading to other departments.
 Wait For Conferences
 The men involved did not walk out of their places of employment, but stood by waiting for committees to be organized and conferences ar ranged with factory officials.
 At noon today it was stated at the office of the American Brass Com- pany that John A. Coe, president, and other officials were attending board of directors meeting in New York city.
 Chase Formal Statement
 Coincidental with the demonstra- tion at the American Brass plant, the Chase Brass & Copper company issued formal statement announc- ing that due to the seriousness Of conditions in the brass industry, a reduction in wages was not only necessary, but imperative. The statement was issued by Rodney Chase, assistant secretary of the Chase company.
 Intimation that trouble was "brewing" at the American Brass plant became public shortly before noon.
 Local leaders of the CIO were tipped off that the notice of a wage cut had been posted in the north plant and that the men were dis satisfied and in favor of immediate action of retaliatory nature.
 At N. Y. Conference
 Efforts were made to communi- cate with leading officials of the company, but all inquiries met with the same response, that MT. Coe and his aides were in conference in New York city.
 A watch was established at the
 (Continued on Page Al
The Waterbury Democrat., 1938-03-30
DEPT.
 AT BROWN U.

Providence, R. T., March 30-(UP) A department of astronomy has been established at Brown univer- sity, effective in September, 1t was announced today.
 Professor Charles H. Smiley has been made chairman of the depart ment and director of Browns Ladd observatory.
 The new department will offer courses in descriptive and practical astronomy, and selected topics in the field.
 Smiley, since 1880 an assistant professor of mathematics, is be- lieved the first to record the zodia- cal light in the neighborhood of the sun.
The Waterbury Democrat., 1938-03-30
BIG POWER LINE
 IS THREATENED
NatiOnalists' Drive Alarms Barcelona - Industry
 May Be Paralyzed

Hendaye, French-Spanish frontier March 30 (UP)-Spanish National ists today threatened the electric power of the entire Barcelona area and the Loyalists government warn ed all workers to be ready to go to the front if industry became paralyzed.
 The NationalistS were approach ing a region which there are great hydro-electric stations and from the Nationalists side it was reported that their men had recalled" the great water-power station east or Fraga.
 Disclosure of the threat came from the Loyalist side, and 1t coincided with a sudden stiffening of the de- fense against the Nationalist drive. Loyalist soldiers made stout stand after days of discouraging retreat, and even counter-attacked in the Teruel region. There was surge of hope in Barcelona, and one army official even told a United Press correspondent there, that the crisis caused by the Nationalist drive had passed.
 The Nationalists continued to make some gains. But it was evident that their advance had slowed - partly because of the Loyalist re- sistance, partly because it was nec- essary after days of forced marches, to organize communications and bring up supplies.
 Loyalists hinted at 8 strengthened air force and asserted that in air. plane fights yesterday they downed five Nationalists planes-two two motored German Junkers and three German Messerschmidt pursuit planes.
 In their counter-offens in the Teruel region the loyalists asserted that they cut the Escadon Pass, occupied three hills of strategic i'm portance near Valdecuenca, and captured the villages of Massegosa and Terriente and all heights dom mating the Valdecuenca highway. Nationalists admitted this attack but asserted that they had re- pulsed it.
 For their part the Nationalists asserted that they made some ad-
 (Continued on Page D