davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-07-12
NEW YORK PRODUCE.

NEW YORK. July 12 tP.-Eses. 2c445:
23H-26: standards. 90: nrsts. 2l al-25; sec
onds: a1-21 "a: mediums, II; dirties, No.
1, 2Oa4; average checks. 1934.
Whites: Resale Of premium marks. 33K,-
35: nearby and Midwestern. premium
marks. 3OH 30; exchange specials. $500:
Midwestern. exchange standards, 24h:
nearby. fancy, mediums, 27k-31; nearby
and Western. exchange mediums. o8-27;
Pacific Coast, jumbo and premiums. 33la-
B.; specials 32hs-33; standards. 31ia-3e:
Browns: Extra fancy. 27-33: nearby and
Western. special packs. 26h.
Duck eggs fancy. 21-22.
isofs hser hss hsn extra s1;,, s9M ss.E. g:
Cheese, 573s53; steady. Prices un-
changed.
Dressed. poultry steady; boxes, fresh:
Fowl, 36.42 pounds. 1919; 4S-54 pounds.
l6M-2oh: 60-65 pounds. 17H.22is; Tur-
keys. Northwest, Western and Southwest
ern breeders. boxes and barrels, 16-24Ia.
other fresh and frozen UNCHANGED.
Live poultry steady BY freieht: Fowl.
II: old roosters. l4-15. mostly Is. Turkeys.
By express: weak: chickens. colored. Is.
1921, mostly 1890; colored. is: Reds.
1917. mostly l6:, Leshorn. l2s-Is.
mostly ,lT-1s. Fowl Leshorn. 1Sla-l9.
Evening star., 1938-07-12
FOREIGN EXCHANGES.

NEW YORK July 12 R.-European
eurrencies sank farther in terms Of the
sterling again led the decline with q
loss Of y Of cent. The belEa. which
withstood Yesterdays falling market gave
way .011a of cent French francs
dipped "a OF cent and the suilder OF
Canadian funds were unclaimed At
Noon rates follow:
Great Britain in dollars. other. in cents
Great Britain. 49.ss: 8O-day bills
4917a: Canada. Montreal in New York
aa:.S: New York in Montreal 100. 75
selsium 1921: czechoslovakia. 346h:
Denmark. 22.00: Finland. 2.1a: France
..7SN: Germany. 40 49, benevolent.
2o:4o tgraysel. gs;ao,: Greece. al: Hun
2.si: Netherlands 55.oi: Norway q. Ts
Poland: 1887: Portugal 4.4sh: Rumania.
E;,,.fDad Spain " ayns1p.ed; s1 Sweden. .sS4I;
Rrasil ttreel, 5;aOn: Mexico City. 20. Don:
{.pan; e IS; Hons Kons: ao:sS: shans.
otherwise indicated. n-Nominal.
Evening star., 1938-07-12
SULLIVAN NAMED HEAD
OF. COMMODITY CORP.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, July 13.-J. Langdon
Sullivan has been elected president of
Commodity Corp, commodity invest
ment company, it was announced to-
day, following action by the Board OF
Directors of the company.
Mr.. Sullivan, who has been serving
as. executive vice president. succeeds
John Babcock Howard, who will re-
main as director Of Commodity Corp.
and president and director of Com
modify and Security Managers, man
agement company for Commodity
Corp, shortly to be known as Com
modify Managers, Inc.
Before joining Commodity Corp. in
1885, Mr. Sullivan was associated with
Mr.. Howard In the investment counsel
firm Of John Babcock Howard 81 Co.
and before that was with Lee Higgin-
son d Co. in their research department
and with shawmut Corp. Of Boston.
Mr.. Sullivan graduated from Harvard
In 1924.
Evening star., 1938-07-12
$5,55O,OOO Earned
By United Fruit
For Six Months
~ the Associated Press,

~ thS ASS0c1ated Press.
NEW YORK. July Fascinated
profit OF United Fruit Co. for the six
months ended June 30. as reported
today, was $5,550.000 before taxes
compared with profit of $7.592, 900
the first half of 1887.
Estimated profit for the June quar-
ter was $3,024 600 before taxes, against
profit Of s2,526,00O the preceding
quarter and $4l96,0 900 the corre-
spending quarter of 1887.
Per share earnings on this basis
would be $l.9l for the six months.
against $2.62 in the comparable period
last year and $1.04 In the second quar-
ter, compared with $1.44 in 1897.
Evening star., 1938-07-12
BOSTON WOOL MARKET.

BOSTON. July IL "A, Omitted States De.
partment Of Agriculture) Fair weights Of
several kinds Of domestic woods were being
lots containing q and Y. blood brisht
fleeces offered for shipment from the coun-
try have been sold from - to 2a cents:
in the grease. delivered East. Secured
basis prices delivered were ranging so to
81 cents on these mixed grade fleece woods.
Some food 12-month Texas wools have
brought around IS cents. secured basis.
The bulk Of the sales on 12 months wool.
however. were closing at 90 to 81 cents.
secured basis
Evening star., 1938-07-12
NEW YORK LIVESTOCK.

NEW YORK. July 12 H' (state De-
partment Of Agriculture report of Jersey
City and New York livestock markets.
offered. Bull steady demand fairly &c.
tive: top SAUSAGE bulls. 7.b5: cutter and
common. 5.75-7.25.. Cows demand fairly
active: market mostly steady; low cutter
and cutter. 425-6.OO: few shelly kind.
400 or below; common and medium fat
cows. LARGELY 6;OO-7 ;25; few stable fed 80:
3.OOO direct. Vealers mostly steady; top.
1880, for choice medium weisht: few
hand picked Michisan: LOO; sood 1.8.
common. 55O-R25: calves nominal.
Sheep and lambs. $500: all direct. No
spring lambs offered. Sheep nominal.
Hogs, 14O; all direct. None on sale.
Evening star., 1938-07-12
FOREIGN MARKETS.

LONDON. July 12 R.-Industrial Sc
curities were generally lower following
Mondays decline in Wall Street and partly
due to disappointing metal production
figures. Rayon. rubber and tobacco shares
were In supply and domestic rails were
weak. TranS-Atlantic issues declined /
to 3 points with United States Steel clos
ing at 56h. European bonds and the gilt
edged section followed the downward
trend. A slight rally took place near the
clAse
PARIS-The Bourse closed with . steady
sion were narrow Government bonds were
in better demand. rentes finishing un-
changed to 40 centimes UP. Bank Of
France issue lost 80 francs and Suez Canal
was OF 20,
Evening star., 1938-07-12
CHANGE IS ANNOUNCED
IN BOND AVERAGE LIST
" the AssoetateA Rr..e

By the Associated Press.
NEW YORK, July IA change
has been made in the A. P. average
of 10 industrial bonds because Of
the redemption of U. S. Rubber SIS of
~. Goodyear Tire g. Rubber SIS of
ST have been substituted.
The price of the new issue is sufi-
ciently close to the replaced bond so
that the continuity of the average is
preserved.
Evening star., 1938-07-12
LOANS
DECLINE IN WEEK
Banks in 101 Leading Cities
Report Further Slump
+; of 56 Millions.
b. the Associated Press.

.: tNe ASSOClACe0 FIeSS.
The Federal Reserve Board said
commercial, industrial and agricultural
loans of banks slumped again in the
week ended July g.
Banks in l0l leading cities reported
a decline of $4,000, 900 to $780,
900 900 in their business loans. In the
preceding week these loans had in
creased for the first time in 2l weeks.
Last week business loans declined
$4l, 100000 in New York City and
50 900 900 in the Chicago district. The
New York decline was due primarily
to repayment Of large loan by United
States Steel Corp.
The boards statement gave the fol-
lowing summary of assets and liabili-
ties on July 6, together with changes
for the week and with tho same week
last year, In millions of dollars:
Evening star., 1938-07-12
NEW YORK SUGAR.

NEW YORK. July 12 R.-sugar fu.
lures were fairly active again today. but
prices moved irreRularly.
The No. contract advanced further
3 reacted from . steady start under re.
neved nease sellins m
and May from 1.O7Ia to 1.lO. or about
31a points net higher. The No. 8 vas
UNCHANGED 70 net lower. with September
ut 1.SS and March at los.
Evening star., 1938-07-12
DAILY OIL OUTPUT '
MOUNTS SHARPLY
Increase Of 219,916 Barrels
Shared by Most Major
Producing Areas.
3y the Associated Press,

~ thc he0VSSascu EIesss
TULSA. Okla, July PA ,sharp
Jump OF 2l9.9l6 barrels daily In the
Nations production of crude petro-
leum for the week ending July o was
reported today by the Oil and Gas
Journal. The increase brought pro-
duction for the week to an average Of
1886, ,399 barrels a day.
Oklahoma increased sc, TOO barrels
daily to 443,275. East Texas was up
73,070 to $4,000 and the State Of
Texas hiked 172,558 to 1854, $40.
Louisiana increased 8,2l8 barrels
daily to 268, 8,595 but California de-
clined $4,000 to 630,250 and Kansas
declined 1880 to l41 300.
Eastern States including Michigan
increased 665 barrels daily to 1914, ,s84
and the output in the Rocky Mountain
area was down 1880 to 1890.
Evening star., 1938-07-12
ADAMS-MILLIS VOTES
DIVIDEND OF rs CENTS
BY the Associated Press,

BY the Associated Press.
NEW YORK, July 12-Directors Of
the Adams-Millis Corp, hosiery manu-
facturer, with plants in North Caro-
lima, declared today q dividend Of Is
cents a share on the common stock,
the same as three months ago. when
the payment was cut from so cents.
The latest disbursement is payable
August l to shareholders Of record
July "a.
Evening star., 1938-07-12
YukonPac MnR

In bankruptcy or receivership or being
reorga anized under the Bankruptcy Act or
securities assumed BY such companies.
Rates Of dividends In the foregoing table
last quarterly or semi-annual declarations.
Unless otherwise noted special or extra
Also extra or extras. eDeclared or
paid so far this year no regular rate.
Payable in stock. paid last year.
Cash or stock. Accumulated dividend
paid or declared this year. Wv With war
rants. XIV without warrants. war War.
rants
Evening star., 1938-07-12
CHICAGO GRAIN
BY the Associated Press.

BY the Associated Press.
CHICAGO. July 12.-Corn scared 5
cents bushel today, to new high
price record for the season, and lifted
all other grain.
Spectators were the chief buyers
Of corn and in particular those who
previously had been conspicuous SELL
ers. Purchases OF corn to arrive in
Chicago totaled the largest for any
one day in about month. Lake ship
ments Of corn from here on liberal
scale, and 1t was indicated export
business had been heavier than here
tofore acknowledged.
At the close corn futures were 2ls -3
cents above yesterdays finish July.
SOS: September, 6l7s-62; December,
6l*.-1s. Wheat. 2's-2l. up: July,
735s-s. September, 74s. IS, and oats,
J., tn I cent advanced
Evening star., 1938-07-12
METAL MARKET.

NEW YORK: July 1s R:-copper
AZ g. Is-75;. forward. 42.s7A:SO; Lead
steady; SPOT. New York; 4.20-95 East 81.
SPOT and forward. AIS. Pig Iron. alum
mum. antimony. quicksilver, platinum and
Wol1ramtte UNCHANGED.
Evening star., 1938-07-12
Washington Exchange

SALES.
Potomac Electric Power 5la per cent
preferred-2 at 1872.
Washington Gas Light pfd.-30 at
99l2. l at 991a. S at 991a, 10 at 9912.
80 at 991s, 80 at 99H2., 10 at 991..
AFTER CALL
Washington Gas preferred-50 at 991a.
Capital Transit at 8.
Mergenthaler Linotype-l00 at 24h,
IS at 24l4.
Evening star., 1938-07-12
RUBBER FUTURES.

NEW YORK. July 12 R.-crude rub.
ber. futures opened 1920 lower; July un-
quoted: eeptember. 1880; December
14.75-77.
Evening star., 1938-07-12
ODD-L0T DEALINGS.
Ey the Associated Press,

The Securities Commission reported to-
dag these transactions By customers With
odd-lot dsaiers Or Specialists on the IeX
York stock Exchan4e for July IL: 9.24S
purchases involving 16e.673 shares; 6.033
sales. involving 150. $40 shares.
Evening star., 1938-07-12
Chicago Cash Market.

Chicago Cash Market.
Cash wheat. No. l, red. 1914; No. 1.
hard, 75-75A; No. l, mixed, 7l1a-
73h: No. 2, 70-72s4; No. l, yellow.
hard. 1914; No. 4, II; corn, No. /,
mixed, 60ia; No. 2, 60L: No. yell
low, 60i2 2-61i.; No. 2, white, sos. !;
No. 4. SO; oats. No. l, mixed. 20; No.
l, white. 80; rye. No. /. STA; soy
beans, No. 2. yellow, 9l-92; barley
feed, 1886 nominal.
Evening star., 1938-07-12
MONTREAL SILVER.

MONTREAL. July 1e 0n.--silvsr fu-
1850; September. z1.20; December. 41.20.
Evening star., 1938-07-12
NEW YORK BAR SILVER.

NEW YORK, July IL R.-Bar sill
yer 42A. unchanged.
Evening star., 1938-07-12

., srivass wire airee. - ne star.
Evening star., 1938-07-12
FOREIGN

WV With warrants XIV Without warrants
n New. st tStp) Stamped
sNegotiability impaired by maturity.
tCompanies reported in receivership.
Evening star., 1938-07-12

Tx 0IV10e0O -
tPlus extras, e2h extra. f2hE ex-
vember 80. l0a7. K soc extra. m IS extra.
Evening star., 1938-07-12
SHORT.TERM SECURITIES.

Reported by Smith. Barney 4 Coz
Evening star., 1938-03-05
55$$S;7z5@;5a =

ties usually run into when irregular
spaces must be taken care Of. We
mean such places up in the average
attic like dormers, caves and trick
window frames.
You can easily see that by covering
what would ordinarily be somewhat
perforated condition with a heavy coat
OF liquid insulation you are sure to
get good tight job. Together with
the additional insulation which it pro-
vides the character OF the asphalt
binder makes it definitely moisture
resistant. Thus the humidified air of
the house is kept from seeping through
at q great rate, and condensing on
the interior Of the walls where it
might do lot of damage.
no YOU have trouble finding a con-
venient place in the cellar for
hanging up clothes? In most houses
it is = catch-as-catch-can process OF
singing rope around a lot of pre-
cariously placed hooks or nails.
A truly modern home should boast
one Of the new metal rope supporting
devices which can be had at low cost
and are easily installed. The unit
consists of q metal frame which is
fastened to the ceiling or joists with
heavy screws and carries a flock of
specially shaped pegs When the day
of reckoning comes around and the
laundry must be hung you merely
run your standard rope around the
pegs, making. let us say, IL lines
for an average house.
Evening star., 1938-03-05
METROPOLITAN AREA
BUILDING REPORTED
Private Construction Starts Year
With Good Margin Over
Public Works.

Private building in the Washington
metropolitan area started the year
with a good showing which included
q substantial margin over public work
H. A. Johns, Washington manager OF
the Dodge Reports division Of F. w.
Dodge Corp, finds more than $1,750.-
900 in the total Of January contracts
which are to be financed privately.
The total of all Washington con-
struction during the first month of the
year was $2,625 900. OF that amount
the private contracts accounted for
81 100000; the remainder, $823, 900,
was for the contracts to be financed
from public funds.
In a grouping Of all types Of resi-
Dental building, one and two family
houses and multiple family units, the
January contract total reached ST.
$4,000.
Under the heading of nonresident
tial work the January contracts to-
tailed $727,000.
Mr.. Johns concludes his summary of
January activities in the Washington
metropolitan area, which includes the
District. Arlington and Fairfax Coun-
ties in Virginia, and Montgomery and
Prince Georges Counties in Maryland,
by reporting that the heavy engineer
ing type Of construction contracts, to
be financed from public funds or by
the utilities, amounted to $4,000.
Evening star., 1938-03-05
8. and the meeting of realtors of the
Great Lakes region. scheduled for Chi
caRo next week.

8. and the meeting of realtors of the
Great Lakes region, scheduled for Chi
cago next week.
Joseph w. Catharine, Brooklyn,
president Of the association, will head
the list Of speakers at the regional
conference. Discussion Of present most
active business problems in the various
field Of real estate activity will be led
by K. Lee Hyder. Milwaukee, president
OF the American Institute Of Real Es-
tate Appraisers Of the association:
James c. Downs, jr., Chicago. presi-
dent OF its Institute Of Real Estate
Management: Charles 8. Wanless,
Springfield. Ill, chairman of its land
developers and home builders division.
and by the regional vice presidents
OF its brokers division in each region.
The first moving picture to be
produced on the subject of real estate
selling methods will have its first
showings at these regional conferences.
Benjamin F. Bills, Chicago, chair
man Of Bills Realty, Inc, and or
ganizer Of the Bills Corp, including
Bills Securities Corp. and related
companies, former chairman Of the
Education Committee Of the brokers'
division of the association, is author
of the movie, which draws on many
types Of business situations for its IL
Illustrative material Mr.. Bills is a
member Of the School Of Commerce
faculty Of Northwestern University and
former member of the law faculty,
University of Chicago.
Evening star., 1938-03-05
REALTORS SESSION
WILL Be MAY CT.
Central Atlantic Group to
Hold Annual Meeting
in Richmond.

The annual meeting Of realtors
Of the Central Atlantic region will be
held in Richmond May 6 and Z, it
was announced today by the National
Association of Real Estate Boards.
The associations board of directors
will convene In Richmond the day
preceding the Central Atlantic confer
ence.
The region includes the District,
Virginia, Maryland, West Virginia,
Pennsylvania, Delaware. New Jersey
and New York. Donald T. Pomeroy,
Syracuse. NJ Y, regional vice presi-
dent, is making plans for the CONFER
ence.
Other sectional meetings announced
by the National Association include
the North Central conference, to be
held IN Davenport, Iowa, April 8 and
Evening star., 1938-03-05
LOANS TO REPAIR
HOMES SHOW GAIN
Association League Notes
More Activity Over
January of 1887.

More money was borrowed from
savings. building and lean axeocia-
tions, last January to make over and
repair homes than either the same
month last year or the year before, the
United States Building and Loan
League reported today. Estimates Of
the loan volume by associations
throughout the country found the
repair and modernization loans to be
the brightest spot In the record Of this
slack end Of the season.
Out Of total January loans esti-
mated at. $62.555,1O0, associations
placed $4,049.100 in the reroofing. re-
decorating, refooring type of financ-
ing, according to e. c. Baltz, WASH
ington, president of the league. This
was some 100000 more of this type
Of lending than a year ago.
Other Divisions Drop.
This group Of loans, however, was
the only one to show a gain over jan
uary, 1887. Total volume went down
II per cent from last year and 2l per
cent from December. Construction
loans, home buying loans and those to
refinance all shared in the tumble,
but at that the decline between De-
cember and January was less than
that experienced in either of the past
two years, 81 per cent, as compared
with SO per cent last year and % per
cent the year before.
There Is some likelihood that the
business recession, begun in the fall,
hastened the appearance of the ordi-
nary seasonal decline in loan demand
and thus tended to even out the usual
sharp slope between December and
January" said Mr.. Baltz. There has
been an increase in the proportion OF
our loans being granted for miscel-
laneous purposes and q decrease In
those for building new homes or buy
ing old ones. This is a reflection OF
the hesitancy which people Influenced
by recession sentiment feel about new
home ownership undertakings. In
spite Of this, however. we estimate that
$500 families borrowed to build new
houses and 1900 to buy homes during
this lowest lending month since Feb
ruary, 1895.
Shows Market Alive.
"The program for home ownership
cannot be said to be entirely at q
standstill when $4,000 people in one
month are newly undertaking the re-
sponsibility of paying for a home.
Counting also those who borrowed to
refinance their houses or to make re-
pairs and modernize and for miscel-
laneous purposes, 10000 families
Evening star., 1938-03-05
Week Ending 1898.

"1t should be borne in mind" Mr..
Mcdonald said, that virtually all of
the properties represented in the
above table are small single family
homes. These figures do not include
large-scale multi-family operations
under sections 207 and 210, nor do
they include property improvement
loans made under title I.
Reports Satisfactory.
"Our preliminary reports on these
other phases of F. H. A. operations
are highly satisfactory, but complete
figures are not yet available. I may
say. however, that since the signing
of the amended Housing Act by
President Roosevelt on February 3
nearly $30,000.000 of large-scale prof.
ects have been submitted to Wash
ington headquarters for approval. A
large additional number of these
projects have been submitted to our
district insuring Offices in various
parts Of the country.
Lending institutions have 80 days
In which to report property improve
ment loans made under title I. Up to
this time only fragmentary reports
have come In on this type of lending.
We do know. however, that the lend-
ing institutions which did the bulk
Of the title I business prior to last
April have also signed up contracts
to resume lending under that title.
There may be significance in the
fact that the Federal Housing Ad-
ministrtaion has not been able to sup
ply loan application blanks fast
enough to meet the demands from
lending institutions.
Evening star., 1938-03-05
UPTURN IS SHOWN
IN HOME BUILDING
Financing for Week Ended
February rs Exceeded
That of Year Ago.

An indication Of q steady upturn
ir home financing and construction
activity throughout the country since
the beginning of the year. especially
since the signing Of the amended
National Housing Act on February 3.
is shown by the records of the Federal
Housing Administration, Administra-
tor Stewart Mcdonald said today.
Business transacted during the week
ending February 26 exceeded that of
the corresponding week of last year.
Week-by-Week tabulation of home
mortgages selected for appraisal dur
ing the past three years has proved
to be consistently sensitive index Of
residential financing and building ac-
tivity. according to Mr.. Mcdonald.
Trends Corroborated.
"Our tabulations of mortgages Sc
lected for appraisal" Mr.. Mcdonald
said, have consistently, throughout
the entire period of our operation,
proved to be very early barometer
for forecasting home-building activity.
Various checks on this gauge have,
with significant regularity, corrobo-
rated the trends shown in advance
by our mortgages-selected tabulations.
Since January l, 1888, mortgages
selected for appraisal on one to four
family dwellings have shown a con-
sistent increase This is illustrated by
the following table:
Evening star., 1938-03-05
Star Home
Continued From First Page.)

arranged. There are five bedrooms
including four on the second floor, all
equipped with large closets. The liv-
ing quarters are ample, and unusually
attractive. The living room occupies
one entire end. and connects with a
stable porch. Then. there is library.
a playroom for children and q huge
recreation room in the basement. The
maids room and bath also are To-
Gated in the basement, which is light
and airy.
Situated on a lot which measures
nearly 3 half acre, the home is in a
section Of the new Ridgewood Village
development. This new community
is sponsored by Edison w. Briggs and
is highly restricted section. Mr..
Briggs developed the Colonial Village
of Rock Greek Park Estates, situated
nearby.
Indorsed After Scrutiny.
The Greenvale road home bears the
Endorsement of five housing experts
who compose the Silver Star Homes
Committee. Members of the group
inspected the house thoroughly before
approving 1t for The Star award.
James S. Taylor of the Federal Hous-
ing Administration is chairman Of the
committee. Other members include:
Irwin s. Porter. prominent architect;
Edwin H. Rosengarten. builder. and
member Of the Arm Of Davis, Wick &
Rosengarten; John Nolen. jr., director
Of planning of the National Capital
Park and Planning Commission, and
Frank Luchs. who served for his
father. Morton J. Luchs. president Of
the Washington Real Estate Board.
The home may be visited any day
during the remainder Of the display
period between 10 in the morning and
9 at night. It may be reached by
driving out Sixteenth street NV. to
Sheriff. drive. opposite the entrance to
Walter Reed Hospital. Turn left or
west to. Beach drive and right on
Beach to Leland street. The home
overlooks the latter intersection.
Another route is by way Of Connecti-
cut avenue to Chevy Chase Circle, and
east on Western avenue to Brookville
road, out that street to Leland street
and along Leland to Beach drive.