davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1938-09-14
EXPORTS DROP
BELOW LEVELS
OF A YEAR AGO

NEW YORK, Sept. 14.-The
value Of merchandise exported j
from the United States declined
in july for ths fourth consecutive
month to a new low for the cur
rent recession, according to the
Alexander Hamilton Institute.
For tie third consecutive month,
it was lower than q year ago. 1t
amounted to $228, 200, 900 as COM
pared with $268, 900 900 in July of
last year, decrease Of 14.9 per
cent.
The curtailment during May,
June and July brought the seven
months total nearly down to the
level Of a year ago. During the
first seven months, exports totaled
81, 1,818 000, 900 this year as against
81 ,805 ,O00, 900 last year.
Despite the reduced level of ex-
ports in July, foreign countries
had difficulty in financing them
because Of the curtailment in
American purchases Of foreign
goods.
The Washington times., 1938-09-14
COTTON REPORTS STEEL TO LIST
USAGE INCREASE PRICES IN week

NEW YORK, Sept. IA Q.N.S).
Steel prices for the fourth quarter
will be announced in the next
week, Iron Age forecast today in
it's weekly review of the industry,
adding that price changes are un-
likely except for possible reviSionS
in tin plate or heavy rails.
Though the industry needs more
revenue, the review stated that the
present value of buying does not
warrant higher prices, particularly
in view of price irregularities in
some areas.
The slow rise in new business
this month, it was stated, has
modified recent opinions on
nearby prospects. SloWness with
which Government spending was
making its effect on business was
emphasized, plus the obscure out
look for demand for heavy prod
ucts from consumers like the
railroads and farm implement
makers.
The automobile industry is ex.
pected to turn out at least 10000
cars by the end of November. the
review stated.
The Washington times., 1938-09-14
CURB OPENING
STRONG, ACTIVE

NEW YORK, Sept. IA Q.N.S0.
Curb stocks opened active with a
strong undertone today.
National Transit sold at 7, and
Tubize Chatillon at 93s, both un-
changed. A block of 1900 Electric
Bond & Share common changed
hands at 6A. up 1s. while 1000
Consolidated Copper Mines crossed
at 51a, unchanged. Tobacco Prod
ucts eased 70 to 4, and Niagara
Hudson Power, " to 61a. United
Light & Power "a" sold at 1B on
a 700-share deal. Lockheed Air
craft gained "a to 13, Pittsburgh
Plate Glass, Va to 90; Aluminium,
Ltd, 2 points to 112: Aluminium
Company of America, 11a to 1051a,
and Wright Hargreaves, "a to tn.
American Republics moved up to
85s for a gain of as. McWilliams
Dredging touched 1875, up b.
The Washington times., 1938-09-14
BANKERS PLAN
IN E " EFFORTS
IN TRUST WORK
Gilbert Stephenson Will
Direct Research
BY RICHARD R. BAKER

Labor Day spells the end Of Vaca-
tion for those who toll in the fl
nancial world and now that the
day has passed, local bankers of
the District of Columbia Bankers
Association are laying plans for a
winter of unusual activity in asSo-
citation work.
Hilleary G. HoSkinson, a Riggs
vice president and president of
the bankers association, together
with a group of his advisers, is
arranging one event for the ap-
preaching fall that bids fair to
win the appreciation Of his mem
berS.
TRUST RESEARCH
Trust Research Week. as it is
known, is the coming attraction.
Scheduled for November 40, the
research week will take the local
bankers into all phases of trust
work. Newest practices, legal
aspects, public relations and all
the other intricate problems in
volved in banking trusts of all
kinds will be studied by the mem
berS of the section.
Mr.. HoskinSon has arranged
Trust Research Week in collabora-
ton with the Washington Clear
ing House Association and Dis
trict Of Columbia Chapter of the
American Institute of Banking.
HEADED BY STEPHENSON
The work will be directed by
Gilbert Stephenson, head of the
trust department of the Whining
ton Trust Company, described as
the country'S outstanding au-
Ghority on trust practices. Mr..
Stephenson distinguished himself
in this work two years ago while
Robert V. Fleming was president
of the American Bankers AsSocia-
tion. Mr.. Fleming placed him in
charge Of the trust section of the
association and for the first time
in banking history there was AMI
approach to uniform trust prac-
ticeS in the various financial in
StitutionS of the United States.
Stronger and stronger come re-
ports that a still greater number
Of life insurance companies are
setting up machinery for farm
loans, indicating, if true, a greater
volume of lending than history
has ever recorded, according to
local authorities.
Apparently impressed by expan-
sion of the Federal Housing Ad-
ninistration into the farm loan |
field, observers say the insurance
firms have surveyed the field and
ind it promising.
Already a small number Of in
companies of national re-
1own have gone into the farm
oan field and it is expected the
,thers will be ready to seek their
hare of the business during the
leXt few months.
The Washington times., 1938-09-14

Speaking of the South, John
Temple Graves, Birmingham, Ala,
newspaper editor, told those pres
ent. who claim to represent a DO
tential 100000 votes:
The President has called lis
the number one economic prob
lem and made us the number
one economic problem. say
that we cannot agree upon the
New Deal, and we can't. In
this and many other matters
there is no longer q Solid
South"
WHITE COLLAR CHAMPION
Outside Of attacks on New Deal
methods. the associations session
yesterday was unable to supply
the fireworks expected in this first
convention Of small business men.
The delegates did not publicly
offer any concrete suggestions for
promoting prosperity, but j. G..
Woods, Of Sewickley, Pa, urged
that white collar" employees be
included in the associations &C.
tivitieS.
Mrs. Caroline Huber, vice chair
man Of the Republican State COM
bitterly attacked the New
Deal and urged that business
women be given a strong voice in
the groups activities.
nnn0DTTTNyTr,u r,vurr,r>
'"The WPA worker is not diff
ferent from the big corporation"
she declared. One leans lit
orally on spade, and one leans
figuratively."
Il envy this organization its
opportunity" she added, ito
capitalize on the mistakes of
businessmen who have gone be-
fore"
Former Representative Royal C.
Johnson, now of Washington,
D. c., warned the delegates war
was imminent in Europe and that
probably efforts will be made to-
draw this country into it.
I'VE want no part of anyone
else's war, regardless of the
cause" he told the cheering
delegates.
He continued with a criticism of
the spending of social security
revenues for other purposes and
concluded with a charge that
Jagged far behind Eng
land in housing developments.
The Washington times., 1938-09-14
STOCKS STRONG
AT START, LOSE.
MOST OF GAINS
Ticker Drops Behind in
Brisk Trading
By LESLIE GOULD

NEW YORK, Sept. IA G.N.S0.
The stock market rallied today
from yesterdays panicky selling
on the Sudeten ultimatum to the
Czech government.
An initial buying wave enabled
leaders to recover about half of
the 2 to 6 point losses of the
session, and the high
speed ticker dropped a minute be-
hind. A point or more of the
early gains were lost later in the
forenoon.
CASE SPURTS 4
The largest gains were chalked
up by the hard-pressed leaders in
wide-open last hour
break. Santa Fe, Dupont, Briggs,
Sears Roebuck, U. S. Rubber and
were up or more points
at one time, while Case spurted 4
at the opening.
Bethlehem, United States Steel,
Westinghouse, ChrySler, LoeW'S,
Montgomery Ward, Union Car
bide, Kennecott, Macy and Inter
Harvester showed ex-
treme gains of two or more.
COPPER PRICE UP
All of these gave up a good por-
ton of their early advances before
the noon hour, then met support
as the general list settled into
quiet and narrow price range.
Domestic developments con-
tinued to be disregarded by Wall
Street in it's anxiety over the criti-
cal foreign situation. Phelps
Dodge marked up the price of
domestic copper 1s cent to 10A
cents a pound, with other pro-
ducers following suit later in the
day. This brought a substantial
runup in copper future quotations.
The Washington times., 1938-09-14
UNION is VICTOR
IN NLRB FIGHT
With KINGON co.

G.N.S.) The National Labor Re
lationS Board today ordered Kin
gan & Co. Inc, Indianapolis, to end
interference with the United Meat
Packing Workers, local industrial
Union No. 1T.
Under the terms Of the stipula-
ttion, entered into by all parties at
board hearing, the company was
ordered to stop threatening to
discharge or lay off or IN any
way discipline or penalize its en-
ployes for the reason that such
employees Joined local No. 1T, or
in any other manner discrimi-
nate in regard to hire and tenure
of employment of any of its en-
ployes."
MUST REINSTATE
The board ordered the company
Immediately to reinstate Al en-
ployes without prejudice to their
former seniority and other rights
and privileges, diSmiSsing if neces-
Sary any person hired since the
date of their discharge to perform
their work.
The board ordered the company,
upon the basis of the agreement
to cease and desist from in any
manner encouraging the forma-
tion and administration of ANAL
gamated meat cutters and Butcher
Workmen of North America, Local
Union No. 1865, labor organiZa-
ton of it's employees, and from ac-
cording any special privileges to
any of its employees who are mem
berS of Local No. 1865 not granted
to other labor organizations.
PREFERENCE ORDERED
In lieu of any back wages for
any time or money lost as result
of the discharges, the board or
dered the company to place the
names of the Al employees upon a
preferential list granting them Sc
nority rights over all of the COM
paany's employees at its Indianap-
oils plant for the three-month pc
riod from the date of the reem-
ployment of each employe. subse.
quent to which time the Al en-
ployes will revert to their normal
basis of seniority.
However. the companay was or
dered to make whole the Al EN-.
ployeS for any losses they have
suffered by reason Of any refusal
Of their application for reinstate-
ment bv payment to each of them
sum equal to that which each
would have normally earned dur.
ing the period from the date o.
any such refusal of their applica~
ton to the date of their reemploy.
ment, less earnings in the interim.
The Washington times., 1938-09-14
Appointed Establish Wages Textile Worke
Rail Leaders
Confer Here
On Economies

Fifty Of the outstanding
transportation leaders Of the
country go into q twO-day
conference here today to CO
ordinate plans for rehabili-
tating the nations $26,O0O,-
100000 transportation indus
try.
The conference, sponsored
by the United States Cham
ber of Commerce, Is being
held at the chamber. Samuel
T. BledSOe, president Of the
AtchiSOn, Topeka and Santa
Fe railroad and head Of the
C h a m b er's transportation
com m / t tee, formulated the
agenda for the conference.
Recommendations Of the
cOnfereeS will be submitted
to the next Congress for ap-
prOpriate legislative action.
The necessity for Overhauling
the entire transportation SyS-
tenn, including elimination of
extensively duplicating serv-
ices and m0derniZing the fl
nanciaI structure of railroads,
will be the principal factors
to be considered.
The Washington times., 1938-09-14
ANDREWS PICKS
-.
DONALD NELSON
AS CHAIRMAN
New England, Southern
s.. Firms Represented

President Roosevelt's program
to bring a decent standard of liv
ing to the poorest third of the ma
ton took a major step forward
yesterday when Wage-Hour Ad
ministrator Elmer F. Andrews ap
& pointed Industry Committee No. l
to establish minimum wages for
I,330,000 textile workers.
Under legislation passed by the
last Congress, these wages must
be not less than Is cents per hour
for the first year the law is in
effect.
:, 21 MEMBERS
The committee will consist Of
-2l members, representing the en-
ployer, the public and the en-
ploye. It will be headed by Don
:. aid M. Nelson, vice president OF
Sears -Roebuck and Company, who
was first offered the position that
later went to Andrews. Nelson, it
was understood, refused the job
at the time in order to attend
to business obligations.
The seven employer members
named by Andrews include four
manufacturers from the South,
two from New England and one
from New York. The employe
group consists of five CIO rep
resentatives and two AFL mem
bers.
First signs of impending trou-
BILE, reminiscent of the halcyon
days of the NRA, appeared as
soon as this personnel was an
nounced. Observers predicted
that Nelson would need super
diplomacy to reconcile regional
and union factions.
CONDITIONS SURVEYED
Although it was explained that
the preponderance of CIO repre-
sentativeS was due to that organl-
zation's superior strength in the
textile field, officials were uncer-
tain as to the AFL reaction.
Andrews revealed that the Blu
reau of Labor Statistics is now
QEGpdI1k1S d COAAAPA SAACAAAoANS oN@ W
, on wage and hour conditions in
. the textile industry. This will be
presented to the committee within
the next two weeks. Preliminary
surveys have shown that of 1885,
900 employees in the cotton branch
of the field last year, 26.7 per cent
received less than 40 cents an hour
and 4.6 per cent less than 25.
: The committee is directed to
fix the highest possible minimum
wage up to 40 cents an hour that
will not curtail employment or
give a competitive advantage to
any group.
u WAGE DIFFERENTIALS
Wage differentials will be based
primarily upon competitive con-
'ditions such as transportation, liv-
ing and production costs.
Committee members represent
ing the public include Grace Alb
bott, former head of the Labor
Departments Children's Bureau
and now a faculty member at the
University of Chicago; George w.
Taylor, economist, and E. L. Fo-
Shee, well-known oil operator.
The Washington times., 1938-09-14
Red Cross Campaign
Waits Signal TO Start

All is in readiness to start the
annual Red Cross roll call on Sep
tember 26, Chairman D. A. Skin
ner announced today.
Appointment of Charles T. Clag-
gett as vice chairman, and Walter
Hartley as assistant was revealed
by Skinner.
"I earnestly urge whole-hearted
support of the 1888 roll CALL" Skin.
ner said. 1--WE hope it may be the
most successful that we have had.
I'VE all know, of course, that
funds so raised are efficiently util-
lied to alleviate as much as posi-
BILE the suffering from emergencies
and disasters that arise from me
to time"
The Washington times., 1938-09-14
HEADS LEGION
Treasury Post Picks
Robert BeetOn

Robert D. Beeton last night was
elected commander of the United
States Treasury Post. American
Legion, to succeed William T. Slat-
terry, who was named alternate de-
partment committeeman.
Others elected included James
w. Lowen and Mary Ann Kennedy,
vice commanders; Walter Gal
lagher, finance officer; Edward
Merzereau, master-at-arms; Ralph
Riley, sergeant-at-arms; w. T.
Bowling. historian; L. D. Conway,
chaplain, and w. E. Mcnamara.
judge advocate.
C. o. Patterson and Ralph I.
Graves were named to the execu-
tive committee.
The Washington times., 1938-09-14
Bankers Rates

NEW YORK, Sept. IA dN.S).
: Bankers acceptance rates un-
changed with 80, go, and 9O-day
bills quoted at u to TIC per cent;
four months at 9-16 to 12 per cent,
and five and six months at 9s to
9.l6 per cent. Time money quoted
at Ia per cent. For maturitieS up
to 90 days and at l12 per cent.
For four, five and six months ma
turtles all unchanged. Call money
! per cent, unchanged. ,..AL.
The Washington times., 1938-09-14
U. S. FINANCING
NeU Bonds and Notes
Allotted Investors

QN.S.) The Treasury allotted
a tota' of $3.50, 100000 of it's new
two and one-half per cent bonds
and $3.50, 100000 of 11s per cent
notes to investors participating in
the third quarter financing pro-
gram, final statistics showed today.
A total of 1903 ,000, 900 in cash
was raised through the offering
while the remaining securities
went toward refinancing ma
turing $433, 900, 900 note issue.
The Washington times., 1938-09-14
Metal Markets

NEW YORK, Sept. IA U.N.S).
Sales Of copper for export were
reported today at 1925 cents a
pound Cif European base ports
against a range Of 1915 to 1895
cents on Tuesday. Domestic
copper continued at 1919 cents a
pound, valley base delivered.
The Washington times., 1938-09-14
Z Jewish Religious
Schools 10 Reopen

Two Jewish religious schools will
reopen here Sunday at 10 a. m,
under auspices of the Council of
Jewish Women of Washington.
Glasses will be held at the Sixth
and I Streets Northwest Syna-
gogue and at the Juanita K. Nye
House, 609 Sixth st. S. W.
Instructors will be DrS. I. Shul-
man and Charles Gropper. Mrs.
ivan TaShof will act as advisor for
the Council Of Jewish Women.
The Washington times., 1938-09-14
new SCHOOL
= darlington Dedication
PLANNED FridQu

!. Charles A. Stewart School at
, Arlingto.l, Va, will be dedicated
I by the East Falls Church Citi-
gems Ass6 citation Friday at 8 p. m.
) Speakers will include Represent
mative Howard w. Smith, Mrs.
Elizabeth B. Magruder, chairman
of the Arlington County Board;
Fletcher Kemp, superintendent Of
schools; John M. Stewart, chair
man of the county school board,
and Charles Brooks, chairman of
, the school committee of the citi-
zenS' association.
The Washington times., 1938-09-14
Warner Bros. Extend
Exchange Plan Time

NEW YORK, Sept. IA Q.N.SD.
Warner Bros. Pictures, Inc, has
extended to October / the time
for deposits of its six per cent
Gebentures under an exchange
plan for new 10-year six per cent
Que 1948. About 81 per cent of the
old debentureS have been depoS-
tied, it was said. The plan can
become effective by vote of the
directors if rs per cent of the
bonds are turned in.
The Washington times., 1938-09-14
New Ship Channel
Study Authorized

Further study by Army en-
gineers of the adviSability of dredg-
ing a new channel from the head
of the steamship lane in. Nan
tucket Harbor, Mass, was au-
thorized yesterday by the War
Department. They will determine
also whether a cut in Hallover
Beach would eliminate necessity
for a new channel.
The Washington times., 1938-09-14
Crop Weather

Q.N.S.) The nations crop
weather continued relatively warm
in Southern States and many In
terror sections during the week.
except for a brief cool period in
north central portions. the U. S.
Weather Bureau report today in
its crop bulletin.
Fall work in general made good
progress and outside operations
advanced satisfactorily.
The Washington times., 1938-09-14
AFL TO Bargain
For Tuq Workers

The International Longshore-
mems Association, Local 1888, an
AFL affiliate, was designated by
the NLRB yesterday as the exclu-
sive collective bargaining agency
for employees on tugs operated by
the Gowanus Towing Co., Inc, Of
Brooklyn, N. Y.
The Washington times., 1938-09-14
Max Factor S Son
Sued for 100000

HOLLYWOOD, Sept. IA IN.SO.
Sidney B. Factor, %, son of the
late Max Factor, noted film make
up artist and cosmetics manufac-
turer, today found himself defend
ant in a 100000 breach of promise
suit brought by Miss Mildred
OBryant, a former employe of the
cosmetics concern.
Young Factor was left a sizable
fortune by his father.
The Washington times., 1938-09-14

have some haven to which to
retreat in case the worst should
come to the worst" more than
one man has confided to me.
MANY WANT TO RETIRE
Believe it or not, there are not
few citizens who are not sure
that the value of our money may
not become terrifically deprecated.
Also that all inducement to pur-
sue strenuous business activities
may not be eliminated.
Already some corporation execu.
tives and other business leaders
earning 100000 a year or more
have been influenced to retire be.
cause tWothirds of every dollar
has to be handed over to income
tax collectors. They prefer to earn
less and enjoy greater leisure
The game is no longer worth the
candle" is their attitude. Resort
to relief from income taxes can
be had by investing in taX-eXempt
securities
BERMUDA EXPENSES LOW
Bermuda is within a few hours
flying time from New York. Two
air services ply this 666 miles
distance regularly, while excellent
steamchips make the trip in about
AZ hours.
Living costs in Bermuda are
relatively low. Modest homes can
be re 1ted for $500 a year, maids
are available at as little as $40 a
while a horse and trap
The Washington times., 1938-09-14
Road Would Abandon.
Entire Alaskan Line.

Q.N.S0 The Copper River and
Northwestern Railroad today asked
the ICC for authority to abandon
its entire line extending 1876 miles
between Kennecott and Cordova,
Alaska. The road IS a wholly sub
sidiary of the Kennecott Copper
Co. and serves that company.
The Washington times., 1938-09-14
Workers for Blind
To Elect Tomorrow

The annual election Of officers
of the District of Columbia ASSo-
citation of Workers for the Blind
will be held at the monthly meet
ing at 7:45 p. m. tomorrow in the
parish hall of the Episcopal Church
of the Epiphany, 1917 G st. N. w.
The Washington times., 1938-09-14
:SaItzman Expected
To Succeed Fisher

: NEW YORK, Sept. IA U.N.S0.
Charles E. Saltzman, assistant to
the director Of the department of
firms of the New York Stock Ex-
change, is expected to be ap-
pointed secretary of the exchange
to succeed Robert L. Fisher who
resigned recently.
The Washington times., 1938-09-14

ferent parts of
our own coun-
try during re-
cent years. Not
in all instances,
but in som e,
one underlying
motive, I hap
pen to know, is
t h e desire to
h a We IAN an
chor to wind
W a r d. lie S t
things go bad
ly awry finan-
cially, econon-
ically, socially.
81 want. to
The Washington times., 1938-09-14
Thugs Take $50
' In | St. HoIdup

Walking on L Street near Con-
gress Court N. W.. early yester-
day, Karl Ray, Of BerWyn, Md,
was held up and robbed of $50
by two men, he told police.
The Washington times., 1938-09-14
Electric Corp. Income
$7,11O,9O2 in Year

NEW YORK, Sept. IA Q.N.SO.
Electric Power & Light Corp. to-
day reported net income for IL
months through June 80 Of ST.
11O,9O2 against $9,347,350.
The Washington times., 1938-09-14

Second instaIment of "a Million for
Marty" a scintillating novel in the
American Weekly. You can start It
Sunday releDhOne Republic 1884
for Home Delivery.
The Washington times., 1938-09-14

Second Of q series Of ten Sun
days Comic Weekly Puzzle Contest :.
$1,000 in cash prizes for the week
$4,000 in all Telephone Republic
1924 for Homo Delivery.
The Washington times., 1938-09-14
Little Business
Flags NesU Deal
Graves, Alabama Editor, Cites South's
Anger at ROosevelt's Attitude

PITTSBURGH Sept IA (LN.S.).-Pledging themselves to
save democracy and free enterprise than $50
delegates to the first national convention of the Business
Mems Association today resumed their pareys here after
aShng a New Deal nnicies
The Washington times., 1938-09-14

Second instalment Of IA Million for
Marty" o scintlIlatlnR novel in the
American Weekly. You can start It
Sunday Telephone Republic 1884
for Home Delivery.
The Washington times., 1938-09-14
Americans Seek
bermuda HNUeKD
Island Offers Business Executives
Refuge From Oppressive Taxes
By B. G. FORBES

NEW YORK Sept IA trip to Bermuda has elected this
interesting and perhaps significant fact An increasing number
of wetodo and wealthy Americans building buying
homes there. A list furnished shows nationally known
The Washington times., 1938-09-14

As told here some time ago,
many American men of affairs
have been purchasing farms in diff