davidaulloa/AmericanStories huggingface dataset:
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1938-08-06

Roxborough IN statement made
this week said that he had heen
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1938-08-06

II. eoloern Jrpo,
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1938-08-06

"A c0IoRED JtDct-
Evening star., 1938-08-10

sActnal sales: unit Of trading 10 shares
bankruptcy being reorganized under
Bankruptcy securities assumed b. such companies
bl;lo share 81 preference stock l.s5 share Of g
n stock Paid last Cash stock. Accumulated
Rates Of dividends in the foresons table annual dis
Unless otherwise noted special extra dividends
Evening star., 1938-08-10
Stock Averages
BY VICTOR EUBANK,
Associated Press Financial Writer
fCompiled BY the Associated Press.)


NEW YORK, Aug. 10.-The stock
market shifted from one foot to an
other today, unable to get started for
definite swing in either direction.
A minor sell-off in the forenoon
was followed by slow rally which left
prices uneven and little changed on
the average. Most of the active trad
t.g favorites leaned to the downside.
Although business news from home
industries largely pointed to continu-
alton OF the summer recovery move
ment, speculative markets found in
sufficient fuel in that source for an
other take-off. The share market con-
tinued tc walk the line it has followed
Tor several days while eyeing foreign
affairs skeptically and exhibiting mis-
givings over the decline in major
farm products.
Speculation Waits.
With grains and cotton demonstrate
ing little rallying power. stock trad
ers were encouraged to try the buy
ing side after the early dip. A few
shares climbed to new tops for the
year. But generally speculation was
in waiting mood and the advances
did not 60 far.
Transactions approximated 800 900
shares, about the same as in the pre-
ceding session.
Bonds dragged along narrow, un-
even channels. The British pound
led recovery in foreign currencies
against the dollar but many Wall
Streeters remained apprehensive over
the European situation.
Down fractionally to around 2 most
of the time were Sears Roebuck.
Bethlehem, American Smelling, Air
Reduction, Chrysler, Union Carbide.
International Harvester, Du Pont,
Consolidated Edison and Montgomery
Ward.
Among the individual climbers
were Holland Furnace Simmons. Gen.
eral Tire, Gillette, Dome Mines, Ben
dix and Eastman Kodak.
American Sugar Slips.
American Sugar Refining slipped
more than a point after directors
voted to omit the dividend on the
common. Steel shares did little in
face Of United States Steel's monthly
figures on shipments. recording small
decline from June to July.
Wheat closed to 15s cents bushel
higher, recouping part Of recent losses.
Corn was down II to "a. Cotton fu-
lures near the close were IS to 40
cents a bale higher.
At midafternoon the British pound
was $4.88A, up y Of cent. The
French franc traded at 273 cents, up
0.00ss of q cent.
Minor gains and losses were about
evenly divided on the curb. A shade
higher most Of the session were Alu-
minum of America, American Cyan
amid B. American Gas & Electric and
Lake Shore Mines.
Evening star., 1938-08-10
j. S.PAY ROLL RISE
HOLDS ATTENTION
June Volume and Employees
Regarded as New High
Marks in D. c.
By DONALD b. HADLEY.

Retail circles were cheered here last
night by the monthly report of the
Civil Service Commission which
showed that the pay roll and number
of employees in the executive branch of
the Federal Government advanced
further in June and reached what is
believed to be new all-time record.
The commission reported the branch
had 1l5,774 employees with a pay roll
of S20,4l4,797 in June, compared with
114.556 employees and pay roll of
$20,243,385 in May and l11,98l en-
ployes and a sl9,500,0oo pay roll in
June, 1887
The old basis for the commissions
reports was abolished in June, 1887,
when a number of Federal agencies
such as the Inland Waterways Corp.
and the Production Credit Corp. were
excluded from the report. 1t was on
the old basis that the previous all-time
peak of 1880 employees was recorded
In November, 1918.
On the old basis employees for June,
1887, were reported at lis, 400. but on
the new basis, employees for the same
month were estimated at only Ill ,98l,
a difference of 3,428 employees in the
two systems. There seems to be little
question that with the new basis
showing 115,774, both employees and
pay roll are we'll above the 1918 rec
ordS.
Set New Years Peak.
This Junes totals were the highest
recorded so far under the new system.
Monthly totals for the last l3 months
follow:
Evening star., 1938-08-10

For the Nation, July costs of all
foods were 2 of per cent lower than
in June and SO per cent below June,
1887 Compared with June this year,
cereals and bakery products were down
4 of per cent, meats were 2.5 per
cent higher. dairy products were 2 of
a per cent, eggs were 70 per cent
higher, fruits and vegetables declined
Sc per cent, beverages and chocolates
were down 2 of per cent. fats and
oils gained S of per cent. while sugar
md sweets lost Z of a per cent.
Evening star., 1938-08-10
U. S. STEEL REPORTS
DROP IN SHIPMENTS
Dy the Associated Press.

Dythe Associated Press.
NEW YORK, Aug 10.-Shipments
Of finished steel products by United
States Steel Corp. subsidiaries in July
decreased 6,487 tons to 441,570 from
478.05l tons In the preceding months.
July year ago they amounted to
1,186,752 tons.
For the seven months ended July
81 shipments totaled 3,451 ,924 tons,
compared with S,s0l ,026 in the COM
parable 1887 period.
July shipments were the smallest
for any month since December. 1884,
when shipments totaled 41S,630 tons.
The high for this year was registered
in March, when the figure was 572, ,199,
against low for the year In May Of
465s08l tons.
Evening star., 1938-08-10

Cash Grain Market.
Cash wheat. No. . red 81: No 3 hard
66: No. | yellow hard, 81: SAMPLE. 54la;
Corn. No. mixed. 52-52A: No. yell
low; 52h-63; No. l white. 52A: sample.
25A-Ha: sample. 2IH-23Ka: No. 3, feed. ~.
Buckwheat No. .. 225-4O: no rye: bar
lev. feed. 3s-49. nominal: mailing, 5O-62.
nominal: timothy seed. 2.75-S5; clover
seed. red. 7.5O-S0.
Vir9inia Wheat.
LYNCHBURG. Aug. 10 R.-Wheat, 20
cents: corn. so cents . bushel.
Winnipeg Wheat and Oats.
., WINNIPEG. Au9 10 R.-Wheat closed
..:h hisher. October. 72h; December,
Oats, u hiEher. October. 31.s: Decem-
Der. 30h.
Evening star., 1938-08-10

the better volume, the bulk of current
buying springs from widely diversified
sources and is mainly attributed to in
ventory depletion.
THAT production must still rise we'll
above the present volume to wipe out
steel companies losses is indicated by
analyses Of July billings by three cen
tral district producers, which show
that net prices last month were ap-
proximately 81 ton below those of
June. A part of this is due to price re-
ductions and q part to increased
freight absorptions caused by the eli
mination Of basing point differentials.
1T is this situation that brought
about q quick withdrawal of price
concessions of 81 . ton on hot rolled
and cold rolled sheets that were grant,
ed to several automobile and parts
manufacturers. Some business was
placed on the lower basis, but quota
tions are again firm.
mo new development has occurred
in the wage situation during the week
50 far Is the steel companies are con-
cerned, but q district convention Of
the Steel workers Organizing Com
mittee at Chicago voted unanimously
not to accept any wage reductions.
Meanwhile. small steel companies are
protesting to the Public Contracts
Board of the Department of Labor
against the adoption of q minimum Of
62h cents per hour for the entire
Northern and Eastern region, as pro-
posed by the s. w. O. c.
May Reach 60 Per Cent.
"The scrap markets continue to re-
fleet the optimism of the scrap trade
as to fall business prospects for the
steel industry. Some Of this hopeful
ness has extended to steel producers,
who now expect that operations will
rise to an average of so per cent by
October.
while steel scrap is unchanged at
Pittsburgh, it has advanced 81 at
Chicago, based on q substantial mill
purchase, and Is up $3.50 at Cleveland,
81 at Buffalo and so cents at Philadel-
phia. The IRON Age scrap composite
Evening star., 1938-08-10
ORDERS ROLL|NG| IN
FOR STEEL MILLS
Forty Per Cent of Capacity
Continues-May Rise
to 60 in October.
BS the Associated Press.


NEW YORK, Aug. 10-Iron Age
said today in its weekly review Of the
steel industry:
"Steel ingot production is suhstan-
TALLY unchanged this week at 40 per
cent of the country's capacity. While
there was q loss of four points to "a
DER cent at Chicago and q loss Of
one point to 80 per cent at Pittsburgh.
the upward trend of operations In
other areas virtually offsets these
downward changes.
"At Chicago. two plants reduced
operations but two others boosted
them. There were fairly sharp gains
in some districts, notably at Detroit,
where resumption of steel making by
the Ford Motor Co. lifted the rate
from 80 to 461a per cent.
I'm the Cleveland-Lorain area there
has been a rise of six points to SO per
cent, while in the Youngstown district
the rate has advanced 81 points to
IL per cent. The Buffalo rate is two
points higher. The Wheeling -Weirton
district is by far the most active. its
rate continuing at 70 per cent.
New Business Growing.
New business thus far in August
has been running in excess Of the July
weekly average, which in turn exceeded
that Of June. While automotive buy
ing for initial production Of new
models has contributed somewhat to
Evening star., 1938-08-10
U. S. DOLLAR SUSTAINS
SOME LOSS IN LONDON

LONDON, Aug. 10 @.-The United
States dollar sustained q loss Of X Of
q cent In sterling terms today. Final
quotation for the unit in foreign ex-
change trading was 4.877s to the
pound. In comparison sterling was
$4789s in New York over night.
French francs finished 1887 to the
pound, net unchanged.
PARIS, Aug. 10 CP.-Final quota
ton for the United States dollar was
1886 francs (2.728 cents to the france
in foreign currency dealings today.
Compared to this the franc was 2.726
cents In New York over night. Ex-
change on London. 1880.
In the Bourse principal rente issues
closed: > per cent. 1910; %1ss "a"
1890; 4ks, 1887. 1870.
Evening star., 1938-08-10
CHICAGO GRAIN
By the Associated Press.

CHICAGO, Aug. 10.-Wheat climbed
Is cents bushel here late today, re-
sponsive to larger export purchases
from North America and to uneasiness
over persistent Russo-Japanese hostil-
tiles.
Upwards of 100000 bushels of Cana
dian and United States wheat were
estimated to have been bought for
shipment to Europe. Price upturns
were in the face of big receipts at
Duluth. 500 cars today, the heaviest
movement of the year.
At the close Chicago wheat futures
were l cent to 13s above yesterdays
finish. September. 64ss-12; December.
66ss-12; corn "a of to 20 up, septem-
ber, 5lA -ss; December, 487s, and oats
ss-5s advanced
Evening star., 1938-08-10
STEEL FURNITURE ORDERS.

By the Associated Press. =.
The Census Bureau says manufac-
turers of steel ONCE furniture received
In June orders totaling 1858, ,268.
shipped goods worth 1851, ,3s9 and At
the end Of the month had untitled or
ders amounting to $l,128,047.
In May orders amounted to 81 ,290,-
469, shipments 3l.292.S6l. Unfilled
orders on May 81 totaled $e74,0e1.
Evening star., 1938-08-10
Delegate to World Conclave.

WaShington's first delegate to the
International Congress of Building
and Loan Societies, to be held next
month at Zurich, Switzerland, Clinton
c. James, accompanied by Mrs. James,
will leave Washington today for New
York on the first leg of the journey.
A group of American building and
loan executives will visit England,
Norway, Sweden and Germany prior
to assembling in Zurich. Mr.. James,
an officer of the Columbia Permanent
Building Association, is also chairman
of the legislative body of the United
States Building and Loan League.
Several other Washingtonians, in
cluding Edward c. Baltz, secretary of
the Perpetual Building Association,
will sail for Europe toward the end
OF the month.
New Street Cars Arrive.
Fifty more new street cars have
started to arrive here for service on
lines of the Capital Transit Co., E. D.
Merrill, president of the company,
announced yesterday. So far, 20 have
been received and complete delivery is
expected by the end of this month.
They are arriving at the rate Of about
two a day.
The new cars will be used on the
Mount Pleasant line. They mark
another step in the improvement pro-
gram of the company, which before
the end of 1888 is expected to pass
the $ll,000,000 mark. Three years
ago, the company added 20 stream
lined street cars and last year added
IS more.
Financial District Notes.
Among building and loan execu-
tives enjoying summer vacations is in
cluded Wilfred H. Blanz, secretary of
the American Building Association.
Mr.. Blanz, accompanied by Mrs. Blanz
and son Jimmy are spending some time
at Atlantic City.
Harry M. Fridley. associate man
ager Of the Laidlaw g. Co. office here.
will leave tomorrow for q two-week
vacation.
Evening star., 1938-08-10
price has advanced so cents to $14S3,
highest since October 1897

highest since October, 1887.
Meanwhile better prospects are
piling up for the steel industry, indi-
eating q continuation of the upward
trend. Building projects are more
numerous. and while most Of these are
financed by Federal funds, there is a
larger number of private jobs, mostly
in the smaller tonnages. The week. s
structural steel lettings were nearly
1880 tons.
Railroad buying II still light"
Evening star., 1938-08-10

The executive branch provides the
largest part of total Government
nav roll here which has been holding
around $23,OO0,00O in the summer
months.
The latest figures follow closely on a
report from the Unemployment Com
pensation Board which showed pay
roll tax collections indicating an aver
age private pay roll of $l7,629.ol5 a
month for the first seven months of
1898.
Bonds at New Peaks.
Capital Traction SIS were active on
the Washington Stock Exchange to-
day. After the call $1,000 of these
bonds sold at 1872. new years high.
Two other transactions. one of $1,000
and another at $500 were closed at
73.
Washington Gas Light SIS of 1860
also were active with 10 $1,000 deals
and a $500 transaction reported at
1l9A, also new high.
Potomac Electric 512 per cent pre-
ferred was quoted at lis on turn
over of three. Washington Gas pre-
ferred sold at 99a4 on two 10-share
deals. Peoples Drug Stores common
brought % on two transactions, one
Of Is shares and another of 10 shares.
Food Costs Down.
July retail food costs in washington
declined l per cent from June levels,
the Labor Department reported today.
Fruits and vegetables with drop of
1913 per cent led the downward move
ment while eggs were an outstanding
exception with jump of 82 per cent.
Compared with June, 1887. retail
food costs were down 9.4 per cent.
The following percentage changes
In prices as of July IL compared with
the level on June IA this year were
varortod h1, tho deno IT ont oc fol1oryc.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-08-20
c. UDBURST SPOILS
THRILL FOR DUDES

The town of Roundup is just
emerging from the throes of a
gold rush that had all the eye
marks of the Klondike for while,
according to the Roundup Record.
After discovery of gold on Half
Breed creek, many claims were
filed along the creek. Then came
conflicting claims and some of the
claimants were jailed for claim
jumping.
The Roundup Record continues
the narrative:
''When the boys got out of Jail
they went cunning for this dude
rancher Cronenwett. 1t seems he'd
salted the creek bed with nuggets
SOS the dudes would have some
thing to keep them entertained.
When the cloudburst came up it
washed the gold down the creek
and ten people were trampled to
death, according to the last count"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-08-20
HIDDEN HAND
Nine TAKEN By
IDAHO GROUP

DEER LODGE=Announcement
was made here by William Howard,
owner, that the Federal Mining
Company, Wallace, Idaho, have TAX
en- an option on the Hidden Hand
mining claims in the Zosel district
near Emery.
Howard said a group of COM
pany officials are now inspecting
the claims prior to putting men to
work. In charge of the work to
be done by the Federal Mining COM
pany will be Ted Brown of Wallace
Howard said.
1t is understood the new COM
pany, one of the largest mining
groups in the Northwest, viii do
extensive development work and
employ. several men. They do not
plan to ship any ores for several
months to come.
Howard said the option was taken
up and includes seven claims He
is especially enthusiastic over the
proposition and believes 1t Will
he an important addition to the
business interests of Powell county.
The claims have been worked
during the past year by Howard.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-08-20
Start 6OO-foOt Tunnel
To Tap Queen-Galt Vein

The most important development work since the revival
of Nehart mining camp began this week started
6OOfoot tunnel to tap extension OF the Queen
Gait lead body that has produced million dollars
worth of silver and lead ore.
The tunnel was started by group composed Of Dan
Reeder George SPAIN Ed Kies of Great Falls and Victor
Nelson owner of the claim. In 600 feet the tunnel Will tap
the vein and an additional 140 feet will cut
three additional veins all Of which exposed the surface
on the mountain above the town of Neihart.
Reeder is operating the mill the Florence property
where mill feed has been provided by development work
rather than by running the Dumps originally planned
Excellent ore has been found by sinking shaft in the
Florence mine The development of the extension OF the
Calt vein will serve to establish whether there is
ree amount of undeveoped rich in Neihart district as
ld-tmers claim.
Two shifts will work the tunnel which will be
large enough that machines work side by side
They expect to make about 10 feet per day
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-08-20
MONTANA MINES
GET ORE RATE TO
TACOMA SHELTER

LEWISTOWN-A new sliding
scale emergency freight rate for
Montana ores and concentrates to
the smelter at Tacoma will zoe es-
tablished and become effective Sept
8, 1888, according to an announce
ment by Carl J. Trauerman, presi-
dent of the Mining Association of
Montana.
There is in effect now a blanket
rate of $3.50 per ton for ores un-
der 500 in value from Montana
points.
The new sliding scale rate will
be materially lower on lower grade
ores. The Tacoma smelter also has
a low smelling charge for silicious
ores. The base rate being 81 ton.
and base rates will be an
nounced in detail in Montana pap
ers by Mr.. Trauerman within few
days, he stated.
The Mining Association of Mon
tana is trying to obtain lower
freight rates in Salt Lake City and
Idaho, to be in effect while
the smelters here are being shut
down or curtailed. Trauerman said.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-08-20
MADISON COUNTY
NINE ASSOCIATION
ADOPTS BYLAWS

Madison County Mining associa-
tion came into being last Friday
night at a meeting held in Virginia
City and attended by officials of
the Mining Association of Montana.
Constitution and bylaws were
adopted and the next meeting is to
be held in September to elect
officers.
The purpose of the association
is to publicize the mining industry
of Madison county and to represent
Independent miners as a group in
controversial and other matters per-
tanning to general welfare. Dues
of 81 per member and SO for sus-
tanning membership are provided by
the bylaws adopted.
Present at Fridays meeting
were Carl Trauerman, president,
and August Grunert, secretary of
the Mining Association of Montana,
and Alex Legatt, Butte mining en-
gineer who has been active in Madi-
son county development for many
years. They discussed with the
Virginia City group the program
of the association which is being
sponsored by the Vigilance Club.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-08-20
new AUTOMATIC
PANNER INVENTED
By LINCOLN NAN

J. H. Thornton president of
Keystone Mining Co., with mine
and mill near Lincoln, has invented
an automatic panner which is said
to make a very high recovery OF
gold. 1t resembles a series OF
troughs on an incline table, with
mercury in the bottom of each
trough A motion similar to hand
panning is used to wash the lighter
materials over the rounded edge
of each succeeding trough. The
working model has six such troughs
but the first three are said to re-
cover all of the gold. He is using
one of these machines successfully
at the Keystone mine and it has
attracted much attention. The ore
is crushed in a stamp mill with a
ball mill for secondary crushing
and a so per cent recovery is Sc
cured by amalgamation.
Thornton has recently taken over
the Belmont and West Belmont
properties at Marysville and is
starting a 90O-foot tunnel to get
800 feet of additional depth on the
rich Belmont ore system which was
worked out to the grass roots at
shallow depth.
He plans the construction of a
1OO-ton mill, expecting to open the
mill by January 1 and to complete
the 900-foot tunnel in four months.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-08-20
FRESHET BRINGS
PLACER DEPOSIT
TO The SURFACE

LIBBY-How a freshet uncover
ed a long-sought channel bearing
rich placer gold is related by Bert
S. Hind and Harry Waylett who
have a placer mine in the Vermil-
lion district south of Libby. Re-
Gently they displayed a nugget
valued at $1O7.60 and on this
visit they carried a vial of gold to
substantiate their story.
THE freshet of some months
ago may have done damage to some
people," said Waylett, "but it surely
did us a good turn. My father
owned ground in the Vermillion
district and had been pecking a.
round on it for 16 years trying to
find the real location of placer
find colOrs nearly everywhere hut
nothing of any real value. He be-
lieved there was an old creek chan
mel through the tract and if he
could locate it, there he would
find a rich placer deposit. Wen,
the freshet came along and uncov-
cred the channel for US
There is a small creek flowing
through the ground" continued
Waylett. THE heavy freshet rum
off choked the channel and threw
the stream into a new course. The
rushing water and gravel secured
off the surface soil and left exposed
a clay bedrock and located what
later proved to be the old channel
that father had long been searching
hn
after the freshet, there was the
placer gold lying on the clay and
open to the light of day-ready for
anyone who happened along to pick
it up. The big nugget was found in
that manner, and of course there is
a lot Of other gold scattered around
on this bedrock of clay that the
freshet exposed We have since
found that there is a deposit of
clay 80 feet deep. There may be an
other and still richer deposit of
gold below this-on the real bed
rock-but nobody knows as to that.
our work this year on the
clay clearly shows that there is a
heavy deposit of gold for us.
Waylett says they have two men
al WOAh SSIJlAB Inc property ASauy
for more extensive operation next
year. They are taking out quite a
little gold each day, with only crude
The plan is to put in a
hydraulic giant" next spring and
go after the gold in big way The
creek will supply the water for the
giant. The men have title to 500 !
acres of land, much Of which shows
colors when PANIED. The gold is
very coarse and should be easy to