davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-04-26
Figures
What They Mean
BY A. A. PATTON,
Associated Press Statistician.


NEW YORK, April 26-The drastic
curtailment in manufacturing activity
during recent months has been suffl-
cient to effect reduction in finished
goods inventories of approximately
half the country's leading industries,
according to survey by the Depart
ment Of Commerce.
This means output was geared to
lower than actual demand, thereby
cutting into existing stocks
Based on reports received from 80
industrial groups, the Commerce De-
partment's study showed II industries
cut reserve supplies OF finished goods
between the close of 1887 and March l.
The March level was, however, sub
stantially above the comparable total
year ago. 20 Of the 80 classifications
reporting increases in the l2-month
period.
Producers Of building materials and
paper chalked up the largest reduc-
tions in inventories of completed ma
terial In the first two months this year.
Cement, common brick, hollow tile and
lumber all indicated smaller stocks on
March /.
Show Large Increases.
Refined metals, chemicals and tex
tiles. on the other hand, had stable
increases in stocks. In each case,
however, the upturn was attributed by
trade quarters to sharp cut in con-
demand hot
matter 1t would seem to require almost
complete stoppage of production to
make much impression on inventories.
Gains during the two-month period
were moderate for the most part,
although, refined copper jumped rs
per cent, rayon stocks rose from two
and one-half to three months supply
and gasoline was up % per cent.
Seasonal factors played a part. A
boost in gasoline stocks, for instance,
was normal as oil companies prepared
for the heavy spring consuming sea-
son. Similarly, a dip in fuel Oil stocks
reflected nome heating demand, which
usually hits q peak during the first
two months of the year.
Larger finished goods inventories
were more general on a year-to-year
basis, more than two-thirds of the
industries studied carrying bigger
stocks on March l. Modest declines
occurred in such groups as refined
lead, turpentine, tire castings and boil
ers.
Demand Drops Faster.
The fact inventories were larger
this year than last-although early
1887 stocks stood at record levels in
many instances-refiected the normal
tendency of demand to decline faster
than output, since corporation man
agements are usually hopeful any set
back will be short-lived and therefore
reluctant to curtail production until
1t is absolutely essential.
Some analysts hold that with
majority of the industries having ap-
parently brought stocks under control
IN the past few months. it is an indi-
cation the piling up of the past year
may have been reversed.
In any event, it is recognized "big
inventories is relative term. The
same total will be too high" when
business Is slack, well balanced"
when good. Thus an upturn in de-
mand could quickly improve the situ-
alton as it stands today, the experts
believe.
Evening star., 1938-04-26

and silk offset the effect Of slight de.
clines in tire fabric and jute and were
responsible for fractional rise in the
group average.
The metal index was the only other
group average to advance last week.
IN spite Of declines in steel scrap and
tin.
Twenty-six price series included in
the index declined during the week
and 20 advanced. In the preceding
week there were "a declines and 10
advances. In the second preceding
week there were Al declines and i3
advances.
Evening star., 1938-04-26
U. S. TREASURY POSITION.
By the Associated Press

The position Of the United States Treas
urg r.,nt on April g; nos ooo as .xn.ns,.rr..
500, 164,166.S6; balance 80 sol .405.-
1879 customs receipts for the month.
S19.0S1 800. So
u, S5,02a 800, 1874 "a: expenditures. So
243,4 1sS03.39 (including Sl.6s6.6OO
s07. as of emergency expenditures: excess
of expenditures. Sl,213.419 66S75: gross
debt. -S37. .564. ?T5.536.05. decrease OF
1851 OF SO below the previous day; gold
assets, S12.S4S.30s.341.a
Evening star., 1938-04-26
Stewart.Warner
Takes No Action
On June Dividend
By the Associated Press,

CHICAGO, April 26-Dtrectors of
Stewart Warner corporation have TAX
en- no action on the dividend due June
l. 1t was announced tiday. A regular
rate Of rs cents semiannually was
established in December. 1895.
Stewart Warner reported first quar-
ter consolidated net deficit Of $215,1e6,
compared with a net profit of $84l, ,257
in the first quarter Of 1887. The COM
pany makes automobile accessories,
radios and refrigerators.
Evening star., 1938-04-26
REICHSBANK STATEMENT,

BERLIN. April 20 R.-The Reichsbs nix
statement. as OF April 25 lin thousands Of
2s3.6OO; decrease. 241.00o. Gold. So,773:
increase. l. Foreign currency reserve, s.
437: decrease, 1853. Other bills Of ex-
334,s77. Other daily maturing obliea
tions. 1.31 increase, 96,3O5. : Ad.
vances, A BAL; decrease. 1892. Invest
ments 1905 ,S3s: increase. 2O14S. Ratio
of gold and foreign currency to notes, 2
per cent. Rate of discount, per cent,
Evening star., 1938-04-26

Douglas wv. L. Shoe Co.-Declared
20-cent initial dividend on new prior
preferred stock, payable at once to
holders Of record April al, 1898.
Evening star., 1938-04-26

Brooklyn Edison Co.-March quar-
ter net income WIS $685. ,455, against
t3.040.0 .044,
Evening star., 1938-04-26
RUBBER FUTURES.

NEW YORK. April % tP.-Crude rub
her futures opened / to 10 lower. May,
12.24-25: July, 12.40; September. 1257-us.
Evening star., 1938-04-26
FREIGHT LOADINGS.

NEW YORK. April 26 tR.-Revenue
freight car loadings on railroads reporting
today. for the week ended April 23 in
Evening star., 1938-04-26
NEW YORK BANK STOCKS
NEW YORK. April 26 tlP.-1nvestment
Bankers Conference, Inc.
FEDERAL LAND BANKS

NEW YORK. April 26 LP,.-Federal
Land Bank bonds.
(Noon Quotations
Evening star., 1938-04-26
BUSINESS LOANS
SLUMP FURTHER
Banks in 101 Major Cities
Report $3s, 900, 900 Drop
During Week.
BY the associated Press.

By the Associated Press.
Business loans Of banks took an
other sharp tumble last week, the
Federal Reserve Board reported.
Banks in 101 leading cities reduced
their loans for commercial, industrial
and agricultural purposes by $38, ,000,-
900 to $4,20S. 100000. New York City
banks alone accounted for $4,000, 900
OF the decline. About $4,000, 900 Of
the drop was attributed to banks in
the Chicago district.
Taking advantage of the decrease
In reserve requirements, the reporting
banks showed an increase Of $17,000,-
900 in their holdings OF direct Fed
eral securities and of $8,0O0,000 in
securities guaranteed by the Treasury.
The boar4s statement gave the fol-
lowing summary Of assets and liabili-
ties on April 20, together with changes
for the week and with the same week
last year, in millions of dollars:
April 20. April 10. API'; iass. e.
Loans and in
vestments-
Losns4total sqtal as,sss s,sss ! Il -l's}e s}e
Commercial industrial and agricultural
loans:
On securities 546
o. he rwise Sc
cured and un-
secured 3662 - "a
Open market
Loans to brokers ''
and dealers in
securities ga r 81 e45
Other loans for
purchasing or
carving Sc
E::5: Es:! :$:'';:; !: s.s.: st:. ifss ffs
Other loans:
On securities 695
Otherwise secured
and unsecured Sl1 y 8
Government di-
rect bieations 1877 \ II 4e2
Fully guaranteed
Government
otRer 2e's1s'ens ssealiti.s s.dss 5dss : IS : Isl
Reserve with F.
r. banks $3.50 +167 y 602
Cash in vault $50 -l2 10
Balances with do
mestic banks 21ss -137 y 22s
Demand depos-
r.ms 1,s1sa,Hstsd d.1osiss 1881 s.s51 as sssS e
Government de-
fnterbank deposits: "'' ''"
Domestic banks 5,544 -2s5 r IL
Foreien banks $50 100
Borrowings = A
due to change in form. comparable
figures are not available.
Evening star., 1938-04-26
MONTREAL SILVER.

MONTREAL April % P.-silver fu-
lures opened 4O-60 lower Bids: April.
41.7b; May, Al. .65.
Evening star., 1938-04-26

due TO change IN FORM. coniparable
figures are not available.
The Washington times., 1938-11-04
Rail WAGE CUT.
is WITHDRAWN


CHICAGO, Nov. A UN.s0.
Definitely removing any threat of
a, nationwide railroad strike, 100
Of the country'S leading railroad
executives voted here today to
withdraw notices of a is per cent
pay cut for nearly 100000 rail
road. workers.
President Roosevelt was i'm
mediately advised of the action
by J.. j. Pelley, president Of the
Association of American Rail
roads. Just prior to the vote to
withdraw the pay slash notices,
it was learned, Pelley had con-
ferred with the President by tele-
phone.
The verdict" on the wage cut
was reached in a secret session
Of the railroad chiefs. After the
meeting broke up, Pelley simply
handed reporters a copy of a
telegram to the President an
nouncing the withdrawal of the
pay cut.
The Washington times., 1938-11-04
Chamberlain
To Confer.
InPQriS

PARIS, Nov. 4 G.N.S.).-Offi.
cial announcement was made here
tonight that Prime Minister Ne
vile Chamberlain and Viscount
EN-ifax, British foreign minister,
will visit Paris late this month
for a French British conference
on world political problems.
The announcement was made by
Georges Bonnet, French foreign
minister, who said that Chamber.
lain and Halifax had accepted an
invitation from the French gov.
ernment. The British officials
accompanied by their wives, viii
leave London Immediately after
the termination Of the London
visit of King Carol Of Rumania.
which will be before November %.
Short Visit
The visitors to the French capi-
tai will remain two or three days
during which they will discuss with
Premier Daladier and Foreign
Minister Bonnet the outstanding
European and world problems, &C
cording to authoritative informa.
ton available tonight.
Final settlement Of the Central
European situation with special
reference to Ruthenia and the
Ukraine will be considered, and
the question Of Germany's de-
mand for restoration Of colonies
will also be taken up.
The Franco-British conference,
it is understood, will be the fore.
runner Of another four-power con-
ference in the near future.
The Washington times., 1938-11-04
F. ID. On Air
TONIGHT

HYDE PARK, N. Y, Nov.
4 (L.N.S.)-PreSident ROOSe-
welt will place the New Deals
record of the past five years
before the nation tonight in
his political broadcast at 1880
p. m. (E. S. IT,.
Social legislation, such as
the Wagner labor act, social
security, aid and care for
crippled and destitute chill
dren, will be reviewed in con-
nectiOn with the Presidents
appeal to the voters to elect
Tuesday those who are In
sympathy with the program.
Mr.. Roosevelt will speak as
"a voter of New York" and
a good portion of his remarks
will be devoted to calling for
the reelection Of Governor
Herbert H. Lehman, Senator
Robert F. Wagner and the
rest of his home State slate.
The Washington times., 1938-11-04
G-Men Nab Banker
On Theft Charues

PITTSBURGH, Nov. 4 Q.N.S0.
Fred Adolf Rozum, A. former as
sistant vice president of the First
National Bank Of Chicago. today
was held in custody by the Fed
eral Bureau of Investigation here,
and will be returned to Chicago
within the next few days. Rozum
was indicted last November 1 for
embezZling funds of a member
bank of the Federal Reserve Sys-
tenn.
The Washington times., 1938-11-04
WIFE ATTACKED
BY old FRIEND
IN CAR, SHE SAYS

Accused of attempted assault on
a 40-year-old woman who ''had
known him since he was a boy"
Ralph Jones, "a, of the 900 block
Of Glebe Rd., Arlington, was ar
rested and placed in Arlington
jail without bond today.
The accusing woman is Mrs.
Pauline M. Smith, Of the 1900
block of North Pershing Drive,
Arlington.
She told police that after a
dance in Arlington which they
both attended, Jones was in an
intoxicated condition and asked
Mrs. Smith to drive him home in
her car. This she consented to do.
When Mrs. Smith reached \
secluded section of PerShing
Drive, she said, Jones removed
the keys from the car and then
attempted to attack her. She
struggled and escaped from the
car, she said, and Jones pursued
her and forced her into the back
seat Of the auto. There, she said,
she struck her head and was un-
conscious for several minutes.
Subsequently Jones drove to
Rosslyn for cigarettes, where Mrs.
Smith says she informed a Wash
ington motorcycle policeman Of
the alleged attack and the police
man ordered Jones from her car.
Jones broke from the officer
and got back in the car, Mrs.
Smith charged, and she was driv-
ing him across Key Bridge to a
Washington police precinct when
he escaped.
The Washington times., 1938-11-04
Columbus Bank
Robbed Of $1,000

COLUMBUS, Ohio, Nov. 4
d.N.S0.-Three bandits entered
the Grandview branch of the Ohio
National Bank today, and forced
- customers and employees to lie
on the floor while they scooped
up all the currency in sight, be-
lieved to tatol $4,000. Only one
was armed, The gang escaped in
a sedan.
The Washington times., 1938-11-04
Central I Upsets
Tech High, II to 6

Behind the stellar playing Of
Benny Steiner, Tony DiBlasi and
Jimmy Clark, Central upset Tech
High in their inter-high series
game at Central Stadium this
afternoon. 27 to 8.
Scoring two touchdownS in the
first period, Central High School
jumped to a surprising 30 lead
over Tech High at the end Of the
half this afternoon at Central
The Washington times., 1938-11-04
U. S. Expects Japs
To Observe reaties

said the United States policy is
one Of observing its treaty obliga-
tions, and that it expects other
countries to do likewise.
This country's position with
regard to the situation in the
Far East" Hull said, 'fhaS re-
peatedly been declared, and this
position remains unchanged"
Hull emphasized that he feels
Continued ON Page 2, Col. 81
The Washington times., 1938-11-04
Tornado Strikes
Missouri and IlIinoi IS

: ST. LOUIS, Nov. 4 Q.N.S).
Winds of cyclonic proportions and
heavy rains swept eastern Mis-
souri, and southern Illinois this
afternoon, causing widespread
damage. No loss of life was re-
ported.
In East st. Louis, ILL.,, four Sec
tionS of a SmokeStack of a hotel
toppled. The 210-foot high an
tenna tower of Radio Station
The Washington times., 1938-11-04


"Savoia, we want Savioa, EN-
peror." until King Victor Emanuel
came out on the palace balcony
to acknowledge the demand for
soil, now French, which was the
original home of the present
Italian dynasty.
The demonstration followed a
speech today by Premier Musso-
lini, praising the effectiveness for
peace of the Rome-Berlin axis
but warning that Italian Fascists
must continue to sleep with our
heads on our knapsacks."
II Duce Speaks
AS II Duce addressed a crowd
of 10000 war veterans and 200,-
600 other celebrantS on the ami
versary of the Italian armistice
with Austria, cries Of: ''Nice Sa-
voia! Tunis!" resounded from vari-
Gus parts Of the huge assemblage.
The names referred to two prov
noes of France-Nice and Savoy
which belonged to italy until 1850,
and Tunis, the French protectorate
on the Italian coast across the
narrow strip of Mediterranean Sea
from Italian Sicily.
Ancient Cries
These ancient battlecries of
italian "irrendentism" ma
tionalist demand for the recovery
Of "loSt lands"-were heard today
for the first time at such a huge
demonstration.
The fact that the shouts for
"loSt" Italian territory were heard
twice in one day, set diplomats
wondering whether they indicate
a reorientation of Italian foreign
policy, possibly leading to a de-
mand for restoration of the two
former Italian possessions, and
for cesSion of the French protec-
torate in North Africa. closest to
Italy.
1t was remarked in diplomatic
quarters that such demonstrations
as were held today are not always
spontaneous in Italy.
The Washington times., 1938-11-04
BY PADDOCK

PIMLICO, Md, Nov. 4.-Alfred
Gynne Vanderbilt, vice president
of the Maryland Jockey Club, was
the winning owner of the Saga
more Handicap when Outdone, a
daughter of Pompey and Sweep
Out, raced six furlongs in 1912 As
to win by a length and pay $3.50.
Ridden by Silvio Coucci, Out
done came down the stretch to
The Washington times., 1938-11-04
By ROBERT G. NIXON

G.N.S) The United States ex-
poets Japan to observe strictly the
letter Of the nine-power past guar
the "open door" in China,
Secretary Of State Cordell Hull
made clear today.
Hull, in a statement answering
the Asia for Asiatics" proclama-
ton Of the Tokyo government,
The Washington times., 1938-11-04
Outdone Wins;
Double Pays $1o4

win with ease. The Shandan
Farms Morstep closed fast to take
down second place from the Milky
Way Farms Up The Greek, the
odds-on favorite.
j. F. Rog'rs' Mayro, with Nick
Wall in the saddle, won the open
ing event to. pay SIS.
The daughter Of Dark Hero and
Candy May beat Mrs. A. Knights
Continued on Page 81, Col. A.
The Washington times., 1938-11-04

WEBQ at Harrisburg, ILL.,, was
bent in two.
Reports were that a tornado
had struck Shelbyville, ILL.,, and
st. Elmo, Ill. Telephone lines into
both cities were down.
BENTON, ILL.,, Nov. 4 d.N.s).
A heavy rainStorm and violent
wind swept southern Illinois this
afternoon.
The Washington times., 1938-11-04
Treasury Condition

O.N.S) Treasury balance, No
vember 2, $2,564,111, ,682.52: inter
nal revenue, $1O,673.O74.53: GUS
toms receipts. $1,929, 9,276.17; re-
ceipts, $1,S7S,112,546; expendi-
lures, $3,O67, ,152,01s.
The Washington times., 1938-11-04
Grandpa's Dad
III in N. Y. Hospital

NEW YORK, Nov. 4 Q.N.SO.
Carl E. Dummy Schultze, 72. one
Of the first of the comic strip art
lists, who created the character
Foxy Grandpa" at the turn Of
the century, was in serious con-
dition in st. Vincent's Hospital
today from a heart attack.
The Washington times., 1938-11-04
Churchill Results

EIGHTH RACE-MiIe and sixteenth
One Knight (Bowen) $3.50 $40 $3.50
Just Buck (Craig) -. 100 $50
Lena J. (RobertS.... $50
Cossaclr Girl, Countess Mario. Crout au
Pot, Nogalo. Star Bud also ran. Time,
The Washington times., 1938-11-04
Held Four Days

"That's where these other
mugs claim we put Fried on the
spot" Sacoda said. 'Well,
they're wrong. We bumped him
off in Ukrainian Hall and here's
how it happened:
"We're holding him for four
days, see. All the time we're
trying to get his relatives to
kick in with some dough. Finally
we decided it's no use and we
decide to put him on the spot.
I'VE take him down and put
him in. the car. He's laughing
and joking all the time. Then
we drive him over to Ukrainian
Hall in Sixth Street and walk
him through a hall in the base
ment.
"Then Gula pulls a roll Of ad-
heSive tape from his pocket and
plasters it over his eyes. He puts
some more tape around his
mouth.
'Then. with his back turned,
Gula pulled out a gun and let
him have a slug through the
head. He dropped dead right in
front of U.S."
Sacoda then told how the ganl
stripped Fried's body of it
clothing and stuffed the body int,
the furnace.
The Washington times., 1938-11-04

Stadium. The game marked q
renewal Of the interhigh series.
Martin scored the first six
pointer after q Central march.
Steiner converted.
The Washington times., 1938-11-04
Duce, King Hear
Demonstration
By Blackshirts
Territory Part of Rome Until 1860;
Diplomats Fear Possible MOue

ROME, Nov CN.S.).-Italian veterans and black
shrted Fascss tonight staged demonstration front of the
The Washington times., 1938-11-04
REDS BLAMED
BY NAZIS FOR
BLAST
Six Inquiries Start
On West Coast

OAKLAND, Cal, Nov. 4 Q.N.SO.
Communist sabotage was blamed
today for the mysterious blast that
wrecked the German liner Van
couyer in Oakland Estuary. Baron
Manfred Won Killinger, German
consul general in San Francisco,
made the charge.
The Nazi official, after an in.
vestigation, flatly stated:
''It was sabotage, and I believe
it was done by Communists.
The divers investigation showed
the ships plates were bent in
that the explosion was on the
outside Of the ship"
Probes Under Way
He did not amplify his reasons
for blaming the blast on Commu-
nists, and refused to indicate
whether he had any clue to the
perpetrators.
Meanwhile. six separate investi-
cations Of the explosion were be-
ing pressed.
Four crew members of the Ger.
man ship were slightly hurt when
the explosion occurred yesterday
shortly after the 447-foot vessel
left the terminal at Alameda and
headed across the bay for San
Francisco. It was scheduled to
sail for the Panama Canal last
night
The explosion tore a hole five
feet square belowe the waterline.
Force Of the blast swung the ship
Continued on Page 2, Col. 81
The Washington times., 1938-11-04

one-sixteenth miles. Purse, $1,000. Three-year-
Start good from gate. Won driving: place same
4:51h. Winner, w. f. Johnson's ch. e. (6) Star
C. P. Miles, jr. Value to winner, &7OeS second
The Washington times., 1938-11-04
CONVICT TELLS.
HOW BUILDER
WAS MURDERED.
Kidnap Trust Is
Indicted

NEW YORK, Nov. 4 QN.s).
The cold-blooded manner in which
New York's "kidnap trust" dis
posed Of victim when no money
was forthcoming for his ransom
was described by one Of the ter
rorists today, in telling how Ar
thur Fried, White Plains con-
tractor. assertedly was put to
death in Ukrainian Halls cham
ber Of horrors"
The shocking narrative fell from
the lips of Joseph Sacoda, one OF
the four members Of the murder
Gus crime syndicate, as the State
moved to seek the death penalty
for two of the kidnapers.
In three indictments returned
by the grand jury today, Joseph
Sacoda and Demetrius Gula were
charged with kidnapping and as
saulting Fried. The extreme pen,
atty is the electric chair. ~.
Sacoda, Gula and the other two
members Of the "kidnap trust, !"
william Jacknis and John virga,
were charged with the hdnapings
Of Norman Miller and Benjamin
Farber,, Brooklyn victims Of the
gang, who escaped with their
lives.
The Washington times., 1938-11-04

EIGHTH RACE-One and
olds and upward. Claiming.
Went to post at 4:491a; off at
Master-Lament. Trained by
$3.50; third, 500; fourth. $50.
Horaaa W.T. PIP
The Washington times., 1938-11-04
GruesO7ae Touch

Splashed with prison argot, the
revelations of Sacoda, a Sing Sing
convict, added a final gruesome
touch to one of the most grisly
murder rings ever uncovered by
police.
During the course of an all
night grilling by Assistant Dis
trict Attorney Jacob j. Rosen-
blum, Sacoda admitted that he
and DemetriuS Gula, william
Jacknis and John virga seized
Fried near his home in White
Plains on the night of last De
cember 4.
A swift ride to Sacoda'S apart
ment here followed,
Evening star., 1938-04-24
CELLER BACKS ICKES
ON HELIUM STAND
Says Amount Sought by Nazis
Indicates Gas to Be Used for
Military Purposes.

In an open letter to Harold L. Ickes,
Secretary Of the Interior, Representa-
tive Celler. Democrat, Of New York,
yesterday congratulated Mr.. Ickes on
his refusal to approve the contract for
sale of helium gas to Germany.
The amount sought by the German
Zeppelin company under the provi-
sions of the helium export act. Mr..
Celler said, clearly indicates the Hitler
government seeks to obtain supply Of
the non-inflammable American gas for
other than Commercial" aviation pur-
poses.
You should be impervious." wrote
Mr.. Celler, Ito all the heat and pres
sure that Is placed on you from Ger
tain quarters. This rare gas will not
be used for commercial purposes, but
very likely to initiate Nazi airships to
bomb our cities in the event of war
Such vast quantity as has been
ordered by the Zeppelin company con.
stitutes without doubt a supply of great
military Importance.
Even If Hitler gives you guarantee
that the gas will not be used as an in
strumentality of war. what faith can
We place in such a guarantee?"
Secretary Ickes was notified yester-