davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1938-02-09
Ripper SIade> Don
McMahon to Tackle
Graves. Martinez

Ripper Slade and Don Mcmahon, two of the Los An
gees districts toughest amateur baer will invade the
CaleXlco arena Thursday night to meet Herman Graves
and Pete Martinez in the semi-Wndup and main event.
Slade who only recently began serious training in order
Imperial Valley press., 1938-02-09

DANVILLE KY. Feb. 9 CUP) =
Quinn Decker, former University
of Tennessee athlete, today was
named head football coach at
Centre college. Decker has been
backfield coach here since 1885
Imperial Valley press., 1938-02-09
l.. A. BANKS

) Los ANGELES. Feb. 9 up
/ TTanSa merica ............ 1O%-1ul D.
Imperial Valley press., 1938-02-09
COTTON
= y n y .
NEW NlR Z EnL O 1

NEW YORK. Feb. 9 G'PJ Cot
ION futures closed steady.
Open High Low Close
Ian 9.06 81 9.Ol 9.O6N
Mar 81 S7g SGs SIT
Nay $50 SIS SIS ss7-.88
July $50 8.95 S.S5 Sg4T
oct 8.9S 9.O4 sg3 8.g9-9.O2
Dec 9.O4 8.07 s8g g.O2T
Spots steady middling S.87. sales
,Jg
Evening star., 1938-12-16
Rubber Consumption Rises
Well Above Year Ago
Special Dispatch to the Star.


NEW YORK, Dec. 16.-Consump-
ton of crude rubber by manufac-
turers in the United States during
the month of November, 1885, is esti-
mated to be 46,048 long tons, which
compares with 40,333 long tons dur
ing October, 1898. November con-
sumption shows an increase OF l4.2
per cent over October and is 35.a
per cent over November year ago,
according to statistics released by
the Rubber Manufacturers Assocla-
ton today. Consumption for No.
vember, 1887, was 34,025 (revised)
long tons.
This organization reports gross
imports of crude rubber for Novem-
Der to be 3l,054 long tons, a decrease
of 10 per cent under the October
figure OF 34,496 long tons and 44.8
per cent under the 56,302 long tons
imported in November, 1887.
This association estimates total
domestic stocks of crude rubber on
hand November 80 as 254,318 long
tons, which compares with October
81 stocks of 269,937 long tons and
222,7 TOT long tons on hand November
80, 1887.
Crude rubber afloat to United
States ports as of November 80 is
estimated to be 5l,114 long tons,
which compares with 5l,062 long
tons afloat on October 81 and 81 1902
long tons af1oat on November 80 q
year ago.
November reclaimed rubber con-
sumption is estimated at 1868 long
tons, production 1895 long tons,
stocks on hand November 80, 1928
long tons.
Evening star., 1938-12-16
Wabash Is Authorized
To Pay Bond Coupons

BY the Associated Press.
ST. LOUIS, Dec. 16.-Receivers
Of the Wabash Railroad had
authority from Federal Judge
Charles B. Davis today to pay s2l1,-
8s5 on delinquent interest coupons
Of several of the roads bond issues.
Under the courts order, receivers
Norman B. Pitcairn and Frank c.
Nicodemus, jr., will pay out of cur
rent revenues a 20 per cent balance
on first mortgage bond interest due
November l, 1887; a 20 per cent in
stallment of interest on the Detroit
& Chicago division first mortgage
bonds due July l, 1887, and January
l, 1888, and the two interest INSTALL
ments due September /, 1887, and
March l. 1888, on interest on Toledo
q Chicago division first mortgage
bonds.
A. K. Atkinson, Wabash treasurer,
testified the road had funds suf1-
cient to meet payments and ex-
pected improved earnings during
the present year.
Evening star., 1938-12-16
Large Credit Advanced
For Chinese Trade
BY the Associated Press.

BY the Associated Press.
The Export Import Bank has ad-
va1eed credits of $25,00O,0OO to the
Universal Trading Corp. of New
York to finance expectation of Amer
lean agricultural and manufactured
products to China and importation
OF wood oil from China.
Chairman Jesse H. Jones of the
Reconstruction Finance Corp. said
the advances would be guaranteed
by the Bank of China. They must
be repaid over period of five years.
Officials here said the Universal
Trading Corp. was organized by
Chinese under the laws of New York
T. M. Hsi, general manager of the
Central Bank of China, was de-
scribed as the principal organizer.
Negotiations leading to the loar
were handled by a diplomatic mis-.
sion headed by K. P. Chen. who
said he was representative of the
financial ministry of China.
All the funds will be used fol-
commercial goods" Chen said
This will include trucks and gasoline
but Chen insisted the trucks would
not be used for military purposes.
Evening star., 1938-12-16
Washer Sales Climb
Ahead Of Year Ago
During OCTOBER
Unit Volume Reaches
106,134, an Increase
Of 4.7 Per Cent
ooIAs
PER shAM
Special Dispatch to the Star.

NEW YORK, Dec. 16.-October
sales figures from the electric
washer manufacturers, reported by
Electrical Merchandising, show for
the first time this year an increase
in sales over the same month of
1887. Unit sales, amounting to
106,l34 electric washers, increased
At per cent for October. 1898, as
compared with october, 1897. Con-
sidering the fact that the loss for
the first 10 months of 1888 was
1886 per cent, the October increase
is very encouraging.
furthermore, electric washer sales
were up not only in units, but in
average price. For October, 1898,
the eaverage price was 1898 as COM
pared to $7277 in the same month
last year.
Ironers for the same month show
a relative improvement, although
they are still below last year. Oc-
tober shows loss of 1916 per cent
from the corresponding month of
the year before, but compares IA
vorably with the 4186 per cent loss
for the year to date.
Significant is the fact that retail
sales of household appliances re-
ported to the Department of Com
merce show an increase over Sep
tember of 27 per cent. Compared
with October, 1887 this retail report
shows a loss of 1872 per cent. The
month by month reports confirm
the probability that inventory has
been distributed, as these retail
figures consistently show smaller
percentage of decline from the pre-
ceding year than the reports of sales
by manufacturers.
Manufacturers shipments says
Electrical Merchandising, 'for the
total year will probably run more
than one-third lower than 1887.
If, as it seems probable, retail sales
for the year will be off less than
20 per cent, then we have the meas
ure of inventory disposal repre-
sented by the difference between
manufacturers reports and the re-
tail sales reports. A factor justi-
flying the wholesale optimism felt
by electrical men for 1885,"
Evening star., 1938-12-16
Bituminous Output
Decreases in Week

The National Coal Association,
from incomplete carloading reports
from the railroads. estimates btu
minous coal production in the United
States for the week ended Decem-
ber 10 as approximately 8,lo0 900
net tons. Production for the cor
responding week: 1887, 1O,304 900
tons; 1886, 100000 tons. Per-
centage of change: 1887, decrease.
2l.4 per cent; 1886, decrease, 26.6
per cent.
The report of the National BIZ
luminous Coal Commission shows
production of 1865 900 tons" for the
week ended November 26 and $780,
600 for the week ended December
3, 1898.
Production calendar year to De-
cember TO- 1888, 317, 10000 tons
(subject to revision); corresponding
period, 1887, 419,4770OO tons; de-
crease. 24.4 per cent.
Evening star., 1938-12-16
Stop Price Fixing,
Commission Tells
Calcium Firms
Four Leading Domestic
Companies Receive
Federal Order

Es the Associated Press.
The Federal Trade Commission Or
dered four companies yesterday to
cease unlawful price fixing" in the
sale of calcium chloride.
The companies control the sale
and distribution OF a substantial
majority of the entire output of all
forms of calcium chloride in the
United States, the commission al
legged.
Calcium chloride is used in road
construction work for curing con-
crete, for treatment of dustless coal
and in brine for refrigeration)
The order was directed against
the Columbia Alkali Corp, Barber
ton, Ohio; Dow Chemical Co., Mid
land, Mich; Michigan Alkali Co.
Wyandotte, Mich, and Soivay Sales
Corp, Syracuse, N. Y.
The commission said it had closed
without prejudice its case against
the Solvay Process Co., Geddes
N. Y, and Calcium Chloride Asso-
citation, Detroit, deciding that neither
had any connection with the acts
and practices alleged in the COM
plant.
Solvay Process Co. owns Solvay
Sales Corp, through which it sell.
its output of calcium chloride.
Calcium Chloride Association /!
a trade association whose member.
ship consists of the four companies
against which the order to cease
and desist was directed.
The order directed these com.
panies to discontinue the following
practices when they are engaged
in for the purpose of effectuatine
any agreement or conspiracy to fis
or maintain uniform prices"
Cd Maintaining uniform zon.
ing system for the United States
20 suggesting retail prices to theil
individual dealers or distributors
90 exchanging information or
prices; "a simultaneously changing
sales prices, and go Offering iden,
tical bids for carload or less thar
carload lots.
The four companies were directed
also to cease eliminating, by agree
ment, cash discounts for promp
payment by purchasers.
The commission charged that tn,
respondent companies engaged il
a price-fixing program from No
vember, 1887, to January, 1888.
Evening star., 1938-12-16
| Biq New U. 5. Steel Plant
Dedicated by Officials
BY the Associated Press.

by LUe AsSOCldteu TTeSS.
PITTSBURGH, Dec. 16.-Trim,
derby-hatted magnates of steel and
banking empires trudged for miles
yesterday past clanking machinery
to help the United States Stee!
Corp. dedicate its newest giant, the
$60,000,000 Irwin Works.
The sprawling plant, covering a
635-acre man-made plateau over
looking the Monongahela River 13
miles south of Pittsburgh, was de-
scribed by heads of big steel' as
the finest mill man yet has built"
The Irwin Works, latest addition
in the corporations $600,00000
Pittsburgh program, is capable of
turning out 100000 tons of finished
steel annually and is second in size
only to similar plant in the cor
poration's Gary (Ind) works.
1t comprises 81 acres of buildings,
including sewerage plant, pumping
station, reservoir and power station.
Homes for some 500 of the $3.50
workers who will be employed at
the plant are under construction in
a nearby model village.
Evening star., 1938-12-16
Holden 10 ReIinquish
Southern Pacific
Post Next Year
Veteran Rail Executive.
Will Retire Under
Pension Plan
BY the Associated Press.

By the Associated Press.
NEW YORK, Dec. 16.-Hale Hol-
den, veteran railroad executive, an
nounced today he will retire next
year as chairman of the Southern
Pacific Co. under the company's
pension plan age limit. Holden will
be 10 in 1899.
With Holdens retirement the
Office Of chairman will be discon-
tinued. The duties will be consoli-
dated with those of president, an
Office now filled by A. D. Mcdonald,
who will be the roads chief execu-
tive officer.
Holden, one of the best known
Western rail executives, came to the
Southern Pacific Co. as chairman
10 years ago. He had previously
been president of the Chicago, Bur-
lington & Quincy system.
1t was also announced that on
December l last John G. Walsh,
formerly treasurer Of the Erie Rail-
road, assumed the duties of vice
president of Southern Pacific in
charge OF finances with headquar-
ters in New York.
Evening star., 1938-12-16
Retail Sales Jump
10 10 30 Per Cent
During Week
Night Openings in Big
Stores Help Boost
Shopping TotoIs
BY the Associated Press.

By the Associated Press.
NEW YORK, Dec. Stimulated
by Christmas shopping, retail buying
at leading centers of distribution
this week jumped 10 to 80 per cent
over last week for the country as a
whole, Dun g. Bradstreet reported
today.
Night opening Of big stores in
many cities helped boost business.
Dollar aggregate ran / to 4 per cent
under q year ago at this time, due
chiefly to this years lower prices,
for the volume of goods flowing over
store counters in most trading CEN
ters toppled last year.
Accelerated gift buying disclosed
large gaps in retail Stocks" the
credit agency said. Buyers attempted
to fill out lines; only to find that in
many instances warehouse stocks
were exhausted and manufacturers
were turning away rush orders.
Complaints were made frequently
that business was being loss because
OF shortages and slow deliveries, but
producers disclaimed responsibility.
blaming retailers buying policies
that had attempted to shift on them
the burden of inventory accumula-
ton.
LAS the holiday shopping season
neared its peak, buyers preferences
became marked Stores in all sec
tions of the country reported an
emphasis on thrift and utility.
Basement and main floor depart
ments were benefiting from the
stress on lower-priced goods, while
activity IN apparel and homeWares
lines reflected preference for prac-
tical gifts.
More liberal forward purchasing
was largely responsible for an in
crease in unit sales at wholesale,
compared with a year ago." the
agency continued. Lower price
averages, however, kept total whole
sale dollar volume 2 to 8 per cent
below the 1897 level.
Wholesalers were cheered by the
sustained Christmas business, but
regarded as more significant the
growing demand for spring mer-
chandise'
Evening star., 1938-12-16
Chicago Livestock
(Reported by Smith. 8

CHICAGO. Dec. 16 (E1.--(United States
Department Of Agriculture HOGS, $4,000,
including 1000 direct; light hogs fairly
active, steady to 10 lower than Thursday S
average; others 1915 off: top. 7.50: good
and choice 160-210 pounds, largely 7.25-
As 210-240 pounds, 7.00-25: 250-310
pounds. 6.S0-7.00; good light and medium
weight packing sows. 6.25-60: extreme
weights down to 500.
Cattle, 1000; calves, 300; meager supply
all Killing classes generally steady in q
cleanup trade; steers and yearlings con-
fined to few loads medium grades selling
downward from s.25: with odd head and
lots to 1850; few beef cows to 500 and
slightly above; low cutters and cutters
3.75-4.90: sausage bulls to 6.25; vealers
active: top, $50: bulk, s.00-9.00; stockers
and feeders closing % or more lower
Sheep. 1000. including 500 direct: fat
lambs active, 15-25 higher quality con-
sidered: bulk good and choice grades. sS5-
9.15- few best held around 925: scat
tered lots downward to 500 and below:
good yearlines, 700: native slaughter
ewes firm. 3.154 90; light weights eligible
around 4.25.
Evening star., 1938-12-16
Foreign Exchanges

NEW YORK Dec. 16 R.-The British
pound and French franc stumbled a shade
advancing most of the week.
In comparatively quiet foreign exchange
the franc e'ei oo cent The suder de
clined .005. cent, the belga gained as
much and the Swiss franc added .02k
Late rates follow:
Great Britain in dollars. others in cents.
Great, Britain. 4.671s: 6O-day bills, SO ,s
Canada. Montreal. in New York. a9. 9.e6H;
NeW YORK in Montreal, 100.93s4; Belgium.
1b.S5!2; CzechoSlovakia, 3 342Ha: Denmark.
20.s515. Finland, 2OS; France. 2.6:S IL;
Germany, 40.11: benevolent 1880: travel
2Sl5; Greece. SO: Hungary. 1885. Italy,
5,2Sl>. Yugoslavia. 2.34: Netherlands,
54.35 Norway, 2347: Poland 1890; Por-
tugsl 4.24h4; ,Rumania.. rs; Spain. un-
quoted: Sweden, "a OF: Switzerland,
22;62R. Argentina, 81 I'm: Brazil (free),
2 2590n; y Mexico City, COCOON; Japan; 27.2s;
HONG Kong. 1926. Shanghai. 1910.
Rates in spot cables unless otherwise
indicated Nominal
Evening star., 1938-12-16

$574,816 Deficit
Is Revealed by
| |Grohom-Poiqe
Fy the Associated PresS,

Z Ry the Associated Press.
DETROIT, Dec. ia net loss OF
$574,816 after depreciation charges,
taxes and other costs was reported
for the quarter ended September
80, 1898, by the Graham-Paige Mo-
tors Corp. and subsidiaries.
This compares with a net loss of
$966,870 In the September quarter
OF 1887, and net loss of SAL, la
in the quarter ended June 30, 1888
For the first nine months of 1893
the concerns net loss was S1,465,-
942, as compared to a net loss OF
81 40 ,489 in the same period of 1887
Evening star., 1938-12-16
Dividend Omitted

TORONTO, Dec. 16 tP).-Directors
Of Brazilian Traction Light g. Power
Ltd, failed to take dividend action
yesterday on ordinary stock. A pay
ment of so cents was made July S
last. The company said the omis-
sion was due to cessation for many
months past of remittances from
RraZi1" ="
Evening star., 1938-12-16
Propeller Club Chief
Joins A. 6. w. |. Lines
Sreclal Dispatch to The Star.

Srtclal Dispatch to The Star.
NEW YORK, Dec. &c. H. c.
Pearsall, national president of the
Propeller Club and president of the
Colombian Steamship Line, has
been elected vice president of the
Atlantic Gulf & West Indies
Steamship Co. Lines, operators of
the Clyde Mallory Lines, the New
York g. Cuba Mail Steamship Co.,
the Puerto Rico Line and the South
ern Steamship Co. Announcement
OF the election was made by v. K.
Hull, president.
Mr.. Pearsall is well known for
his work in the interest of greater
American merchant marine. He
first entered the shipping industry
In 1915, when he joined the Clyde
Line shortly after his graduation
from the University of Pennsyl-
vania.
Evening star., 1938-12-16
Foreign Markets

LONDON. Dec. 10 P.-share prices
market ended lower today after initial
nrmness. Trans-Atlantics held steady.
British gilt edge securities reversed an
early uptrend to end generally lower.
Oils and most metals fell back while the
industrial section was uneven. Fluctua-
tions elsewhere were narrow
QARIS.-The Bourse closed on a steady
footing today .Rentes ended 10 centimes
lower to, 220 higher and Bank of France
adVanced 75 francs. Royal Dutch slipped
2O francs while Suez Canal gained 14O,
Evening star., 1938-12-16
Tobacco Markets
BY the Associated Press.

Sales for the season reached the 2,927,-
S06-pound mark on the Abingdon hurley
tobacco market yesterday when growers
Sold 3S6366 pounds. The price averaged
$16.24 per hundredweight
Dark-dred sales on the Lynchburg mar
ket Yesterday .aggregated .s9,756 pounds.
sales marked the close of the market for
the Christmas holidays. Sales will be re-
The Danville flue-cured market sold 1873
244 pounds of leaf at an average price of
SIZE per hundredweight. Few good piles
OF leaf were offered observers reported.
Evening star., 1938-12-16
Insurance Volume
lags 1.5Per Cent
Behind Year Ago
November Drop Slight;
11-Month Decline Is
20.4 Per Cent
By the Associated Press.

By the Associated Press.
NEW YORK, Dec. 16.-The As
sociation of Life Insurance Presi-
dents reported yesterday that new
life insurance written during No.
vember was about is per cent less
than in the like month of 1887.
The association, basing its report
on 40 companies having 50 per cent
Of the total life insurance out
standing in the country, said the
November new business of these
companies was $671 ,262 900, as COM
pared to $681, $4,000 in November,
1887.
The total new business for the
frst II months of 1888 was $6,547,-
BOT 900, or 20.4 per cent lower than
the $8,228, lis, 900 in the, correspond
Ing period of 1887.
Evening star., 1938-12-16
Clarendon Trust Votes
ReouIur Dividend

The regular semi-annual dividend
Of 3 per cent to all stockholders of
record December Is yesterday was
declared by the directors of the
Clarendon Trust Co. The dividend
is payable December 81. A bonus of
5 per cent of annual salaries also
was voted to bank employees.
Evening star., 1938-12-16
Odd-Lot Purchases
Exceeded by Sales
ootLARs
IA AAAE
By the Associated Press

By the Associated Press.
Selling orders of small traders on
the New York Stock Exchange ex-
ceeded buying orders in the week
ended December IL.
The Securities Commission re-
ported yesterday customers odd-lot
orders to sell totaled 27,18O, involv-
ing 687,4l9 shares, valued at $22,-
O94,238. This compared with 23,761
orders to buy, involving 663, ,343
shares, valued at $23,931 ,061.,
Evening star., 1938-12-16

Art Metal Construction Co., Inc
Declared a dividend of 40 cents on
common stock, payable December
% to holders Of record December
II, 1888. On October !. 1888. so
cents a share was paid on this issue.
Evening star., 1938-12-16
$1,710,326 Paid Out
By Closed Bunks
By the Associated Press.

By the Associated Press.
The controller of the currency re-
ports distribution of $1,710,326 in
dividends to depositors of closed
national banks during November, in
Guiding final dividends for IA banks
Evening star., 1938-12-16
U. S. Treasury Notes
NEW YORK. Dec 16 R.-Prices QUO
IN dollars and thirty-seconds:
Approx.
Asked. yield.
Dry Goods Market

NEW YORK, Dec. 16 (P.-Cotton goods
traolng continued at a fast pace, ac-
comoanfed by an advance of "a cent
81 yard no on On most constructions. Sales over
~: 0on yards. Activity in finished
the last two days were estimated around
goods also picked up. Rayon yarns moved
in good volume. Raw silk and burlap
held quietly steady
Evening star., 1938-12-16
0dd-Lot Dealings

The Securities Commission reported TO-
day these transactions by customers with
d:lot dealers or specialists on the New
York Stock Exchange for December 16:
6.4o6 ssiss nvolvinS III. sSS M sSares.
Evening star., 1938-12-16
Washington Exchange

SALES.
Capital Transit Colo at 8.
Washington Gas Light pfd.-10 at
104a.
AFTER CALL.
Potomac Electric Power 51aGo pfd.-
at 115A.
Potomac Electric Power Sc pfd.-
2 at 1855.
Evening star., 1938-12-16
Customs Receipts Lag
Slightly Under 1887
Nv the Associated Press.

BY the ASSOclated PreSS,
Customs receipts in the first IL
days of December amounted to SILL
ol6,350, approaching the $12,369 ,053
collected in the similar period last
year, the Treasury reports.
Evening star., 1938-12-16
New York Suoor

. NEW YORK. Dec. 16 R.-Susar fu-
lures lures were were steadier today on increased
trade buying and covering promoted BY
March No 3 sold up 200 and July
70 s;u3 or to points, net higher. while
March No. 4 advanced to 113Ha and
July lisa or "a to i point net higher.
The market was near the best at the
beginning of the last hour
Evening star., 1938-12-16
Rubber Futures

NEW YORK. December 10 R.-crude
March isois0 Ms isoos e yus - ihssSoS hsSeoS
Evening star., 1938-12-16

International Petroleum Co., Ltd,
Combined preferred and common
earnings year ended June 80 were
$198, against $1.81.
Evening star., 1938-12-16

Florsheim Shoe Co.-Class B earn
lngs for year ended October 81 were
81 cents, against $116. Glass A
earnings were $114, against $2.32.
Evening star., 1938-12-16
Wheeling & Loke Erie
Declares Dividend
By the Associated Press.

~ VIE fkssOCl"teQ EICH8.
CLEVELAND, Dec. l6.-Wheeling
q Lake Erie Railroad directors de-
clared yesterday a $1.371a dividend
on the roads 5H per cent cumulative
preferred, payable December % to
holders OF record December, 27. The
dividend, passed several months ago,
brought 1888 payments to the Gus
tomary $3.50 share.
Evening star., 1938-12-16

-sslotations not furnished by sponsor O,
lssuer; all others are obtained BY /. B. C.
from those sources.
Evening star., 1938-12-16
&c. go. Issue Lifts
Financing otoI
During Week
By the Associated Press.

BY the Associated Press.
NEW YORK, Dec. 16.-A Chesa-
peake g. Ohio Railroad bond issue of
$30,0O0,00O aided new financing for
the week to reach $70,816, ,O65, a figure
more than double the corresponding
period of 1887, Poor's Publishing Co.
reported today.
Details were:
Evening star., 1938-12-16

Plus extra. e2G extra. f2l2To ex-
ira. 75c extra gSl4 extra paio No.
vember 80. 1897. X 30c extra. m So extra.
SOC paid September 20 1898
Evening star., 1938-12-16
Bid and Asked Prices
BONDS
MISCELLANEOUS
STOCKS
PUBLIC UTILITY.
PUBLIC UTILITY

Amer. Tel \ Tel; (a) - '14sas on
N. & w Steamboat a. 5sA 70
Pot Elec Power So pfd- t6l lis
Pot FL PW 5l2c, pfd Is so lis
Wash Gas 1t New Il 20) "a 81
Wash Gas pfd 4 5O) 1O4i2 104 "a
Wash Ry g. Ell com ts36) '635
Wash. Ry. &, Ell. pfd (5) 115
Evening star., 1938-12-16
Insurance Stocks

NEW YORK. Dec. IS Investment
Bankers Conference, Inc:
Evening star., 1938-12-16
Investing Companies

NEW YORK Dec. 16 R1.-Investment
Bankers Conference Inc.
Evening star., 1938-12-16

a Also extra or extras.
e Declared or paid so far.