davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-12-27
Exports and Imports
Both Show Drop
In November
Foreign Trade Below
Previous Month and
Some 1887 Period
By the Associated Press.

By the Associated Press.
The Commerce Department re-
ported today declines in exports
and imports for November.
Exports, including re-exports,
dropped to $3.50 ,231 900 in November,
from $277,s19, 900 In October. They
were $314,6e7 900 in November, 1887.
General imports totaled $176,-
181 900 In November. compared with
SIT, ,979 900 In October, and 223,-
090, 900 in November, 1887.
General imports are goods en-
tered for storage In bonded ware
houses. plus goods which entered
merchandising channels Immediate
ly on arrival In this country.
Imports for consumption totaled
$171 ,652 900 in November compared
with $178, ,460, 900 in October and
$212, ,389, 900 in November last year.
These imports are goods which en-
tered merchandising channels i'm
mediately on arrival In this country,
plus Withdrawals for consumption
from warehouses. The Commerce
Department said that exports, in
cluding re-exports, though con-
siderably larger than imports, de-
clined more than the usual seasonal
amount.
Auto Exports Gain.
Sizable gains were scored in No.
vember in exports Of automobiles,
iron and steel semi-manufactures,
particularly scrap. Exports of raw
cotton increased slightly.
Among principal imports, increases
were recorded In November for raw
silk, coffee, whisky and wood pulp,
while decreases were shown for cane
sugar. edible nuts. undressed furs,
fertilizers and works Of art.
Reduced shipments of leaf tobacco,
dried fruit. crude petroleum and
copper accounted for the major part
of the decrease in the value of total
export trade.
The Nations export trade In the
first II months of 1888 was some
what larger in volume than in the
like period Of 1887, despite the down.
turn that developed after April.
Reflects Price Drop.
The per cent decline in the dol
lar total, compared with the cor
responding period Of 1887, reflected
price declines In many export COM
modities during 1888.
For the eleven months ending
with November, exports totaled
2,825, ,454 900. compared with $3,025,-
764,000 In the corresponding eleven
months a year ago.
Imports totaled $1,789, ,045 900,
compared with 1854 1895 900 in the
II months of 1887.
The high spot of the export trade
figures, particularly during the first
Evening star., 1938-12-27
Central Net Climbs
Ahead of Year Aqo
By the Associated Press.

By the Associated Press.
NEW YORK, Dec. 27.-Despite q
drop of more than 81 ,000, 900 in gross
operating revenues, the New York
Central System reported November
net operating income increased to
$3,158,333 compared with $l,826, ,677
in November last year.
The gross totaled $27,556, ,00l
against 28678,023 in the 1887
month.
For II months net operating in
come was $l2,77s,655, against $37,-
005, ,245 in the corresponding period
last year. Gross amounted to $780,
579,0G5, compared with s33S,918, ,21S.
Partly accounting for the Novem-
Der improvement in net income was
decline of SLOTS, 900 in expendi-
lures for maintenance of equipment
under the 1897 figure.
Evening star., 1938-12-27
Kuhns Forecasts
Steady Upturn
Early in 1889
> tho Associated Press.


NEW YORK. Dec. 27.-A steady
uptrend In trade In the first part Of
1885 was forecast today by william
r. Kuhns, editor OF Banking, on
cial publication of the American
Bankers Association.
The business outlook, he held,
largely was dependent ION Govern
ment and business leaders getting
together and on the course of world
politics"
The publications monthly canvass
Of opinion among 5000 bank direc-
tors and business men from all
parts OF the country for the third
time this year showed more report
ing q rise than an unfavorable trend.
Forty-three per cent of the total,
the publication announced, said
business was getting better, 80 per
cent found conditions static and Is
per cent reported decline.
Evening star., 1938-12-27
Foreign EXCHANGES

NEW YORK. Dec. 81 R.-Leadinx Eu.
ropean currencies resisted movement either
London markets closed for boxing day
Ioreisn exchange dealings were quiet
sterling dipped !. cent while the French
franc ana xuilder were unchanged The
oeiaa lost ,0oA cent while the Swiss franc
Late rates follow.
Great Britain in dollars. others in cents
Great Britain 4 66,!: 60-Gay biiis. .e5Ss
Ganada Montreal. in New York 90 .96K
1889: CEechoslovakia. 342Is: Denmark
2O.s3 Finland: 2.07H: France, 1884,
Germany 40;10A; benevolent. 800
italy. 5.26AA: Yusoslavia. 234 Neither,
lands 64 80; NORWAY % a; Poland 1924
Portugal 49,: Rumania. rs: Spain. un.
quoted: Sweden. 24O2: Switzerland
22;5sA: Argentina. 81 ION: Brazil ffree1
5.90n; Mexico City. 20.75n: Japan. 2723
:, Rates in spot cables unless otherwise in.
dicated. n-Nominal.
Evening star., 1938-12-27
Chicago Livestock
Reported By Smith. Barney d co.,

chicago. Dec. 81 Up, %. g. Dept Asr.)
early orerinss to shippers and 'sn small teii. xiii
ers. steady TO strong; top 10 cents higher
tnan Friday,s average: top. 500: about
230-26O lbs. 1905: 275-3OO lbs. 7iS..
40: small lots light and medium weight
Cattle, 10000: calves, 1000: active
market on all srades and classes; strictly
choice and prime steers and yearlinss
moving freely to shippers and other buyers
At arm to shade higher prices: nu-
meIous loads. I125-I27b: sixable
sprinklinR 1878 upward. with 13. SO paid
1880 bid and refused on choice to prini:
heavies; heifers strong to 25 cents up;
mostly S.50-10.25; cutters. 425-5 IS;
oulls 1915 cents up; vealers 25 cents OF
more up 1t 9.0O-10.0O: stockers negiisi-
Sheep. 10000. including 1900 direct;
tat lambs active steady to strong; top 10
to Is cents higher: about good to choice
lamb offerings at 9.OO.25; early top. $40:
TOP slaughter ewes fully steady: 45O on
tives.
Evening star., 1938-12-27
Wheat Prices Aided
By Small Winter
Crop Estimate
u. S. Markets Are Firm
Despite Weakness at
Foreign Centers
By the Associated Press.

By the Associated Press.
The Bureau of Agricultural Eco
nomics reported today that Ameri-
can grain markets were inclined to
maintain firm prices on wheat as a
result of Government predictions OF
a relatively small winter wheat crop
next year.
The feature of the domestic wheat
situation last week, the bureau said,
was an official estimate that the
1889 winter wheat production might
be no more than 485,00O, 900 bushels,
or about 20l 100000 bushels less
than this year.
The estimate was made on the
basis of a reduction in acreage seed
ed and to drought conditions in the
wheat-producing States of Nebraska,
Kansas, Oklahoma and Texas.
Foreign wheat markets, the bu-
reau said, continued weak, with fur
ther declines reported in Winnipeg
and in Liverpool.
Corn markets we're barely steady
despite light offerings The bureau
said storage OF corn under Govern
ment loans continued to limit mar
ketings. The bureau said exports
were light last week notwithstand-
ing that quotations on Argentine
corn were again higher than those
on United States corn in European
markets. On December %, United
States No. 2 yellow corn was quoted
at Liverpool at 1873 cents, compared
with TITS cents for Argentine corn.
Rye markets held steady with
wheat. Oats and barley markets re-
, dected corn markets.
On Saturday May wheat closed
at Chicago at 67h-3s cents bushel,
compared with Fridays close Of
67A-as. May corn closed at 52ss-
compared with Fridays close of
62h-%.
Evening star., 1938-12-27
Boston Wool Market

| Asriculture) The Boston wool market
today was quiet, but quotations nomin ally
were UNCHANGED compared with last week
| for greasy shorn domestic wools Manu-
| facturers and topmAkers were engaged in
taking year-end Inventories and conse-
! ouently restricted buying operations to
covering only the most urgent requirements
Under these conditions. most holders of
wool in Boston were not making any effort
| to push sales.
Evening star., 1938-12-27
Crude Oil Prices

TULSA. Dec 27 LP.-Base crude prices:
Midcontinent area. Oklahoma Kansas. grav-
ity scale, so cents to $1.1O: North. North
scale II cents to S1l3
East Texas, S1.1O; West Texas, gravity
scale SO cents to 95 cents: North Louisi-
81 .05; Rocky Mountain area. Salt Creek,
Wyo.. sravity scale. SO cents to S1lO
Eastern area. Pennsylvania grade {Brad.
Southwest pennsylvania lines, 81 "a; same
grade IN Eureka lines. S1.2S: same trade
IN buckeye lines. S1.1S; Corning, 81 cents
Evening star., 1938-12-27
Sharp Rise Forecast
In Steel Activity
For Coming Year
Magazine Steel Reports
40 Per Cent Climb
Can Be Expected
By the Associated Press.

CLEVELAND, Dec. 27.-Total steel
production in 1888, estimated at 28,-
100000 tons of ingots. placed the
year in. sixth place during the past
10-year period, the magazine Steel
said yesterday. It forecast a 40 per
cent increase in 1899, however, citing
q 60 per cent increase in the last
half Of the present year.
A survey Of trends since 1918
shows the gain to be virtually as
sured, the publication said. The
performance Of the second half Of
year dictates whether an increase or
decrease will be recorded the follow
ing IL months.
The national operating rate slipped
6 points to So per cent last week,
the holiday and inventory periods
having depressing effect on ingot
production. Steel demand continues
active. nevertheless, among several
important industries.
Steelrlaking at Chicago last week
dropped 3.5 points from the 1888
peak, standing at 56.5 PEI cent.
Pittsburgh dropped l to 40, Eastern
Pennsylvania. 5 to 80: Birmingham,
II to II; Youngstown. IL to As;
Wheeling, 3 to SO; Cleveland, 8 to so.
Detroit advanced to the years high
at 80 per cent and the following
were unchanged st. Louis at Sis.
New England, 10; Buffalo, A, and
Cincinnati, rs.
Forecasting gradual recovery i'm
mediately after the first of the year,
the publication cited gradually ex-
panding railroad needs and a sharp
furry IN construction, motivated
largely by the Public Works Admin
istration program.
Although quotations have been
established for the next quarter
there Is q growing belief higher
prices will be announced before the
end OF that period A stronger mar
ket has developed in certain prod
ucts traditionally subject to price
irregularity.
Scrap and finished steel compo-
sites were unchanged last week at
sl4'8s and $3.50. respectively.
NEW YORK, Dec. ~ Ao.-Opera-
tions IN the steel industry for the
current week will decline 1923 points
to 1913 per cent Of capacity, COM
pared with SIT per cent last week,
the American Iron & Steel Insti-
teu estimated today.
The drop in the operating rate
was credited in steel circles largely
to the usual year-end lag in buying
to reduce inventories and to the dual
holiday curtaiIment.
A month ago operations we're eo.7
per cent Of capacity while q year
ago they were 1872 per cent.
Evening star., 1938-12-27
bagaS 80 os' oo-io. SACKS, Huta-

bagaS. so. oo-io. sscks' Huta-
GHosAn1ESsccPFso,r MISUNDERSTANDING, 50 per pound.
california, 1.5O-225. A'oo-A'oo'
HONEY-Vrginia, carton. o-a,,.n
comb, 3.50-4OO. u'~e"
~ oRANGEs-No calot arrivals; no cars
On OH. .h t[ack; Florida: standard boxes and
wire pound crates, 1.75-2.OO. ~e' ""u
PERsIMMoNs- California. nat crate,
1.25; 30-lb. lugs 2.OO-2.2b a'eS
rAESNlPS|Pennsylvan !-bushel has,
F4snEAEI PF14MsnEEAAPEIP.L4ESs-Guba. 4S crates, s.oo-4.o 90.
UMQuATS--Florida, $40 Der onart
KKOsMMdAIIHHEIs-,.Florida. KsMdIH crates .Oo-i ab
cretes tASGEEISEs SE - Florida, 4-5-bushei
~, ossSSeeCCalifornis. rs q C standard boxe.
GRAPEFRUIT-One Florida .1piv.d. .,.
broken and one unbroken cars on trscI v
rrods rloflda, standard sia boxes 1852 90, as to
, * dLdIMEs-Florida, N-bushel boxes, 30.
,EpIyEs-Belsium 1o.lb. b..t.t.
Evening star., 1938-12-27
U. S. Treasury Notes
NEW YORK. Dec 81 R-Prices quoted
In dollars and thirty-seconds:
Visible Grain Supply

NEW YORK. Dec. q P.-Visible
supply of American grain showed
the following changes from last week
Tin bushels: Wheat decreased
1,l54,O00, corn increased 1927, 900,
oats increased 5000, rye increased
1900, barley decreased $4,000.
Evening star., 1938-12-27
International Nickel
To Continue Listino
By the Associated Press.

NEW YORK, Dec. 27.-Robert C.
Stanley, chairman and president Of
International Nickel Co. OF Canada
Ltd. announced today. following a
meeting Of the board, that directors
had determined to continue the list
ing Of the company's shares on the
New York Stock Exchange"
Todays action followed reports
the company had considered delist-
ing its securities to avoid Securities
and Exchange Commission regula-
tions.
Evening star., 1938-12-27
insult Given Post

CHICAGO, Dec. ~ R.-Samuel
insult, jr., son of the late utilities
magnate, will become associated with
w. A. Alexander & Co., insurance
brokers, on January 3, Wade Fetzer,
president of the company, announced
today.
Evening star., 1938-12-27
Higher Net Reported
BY Brewing Corp.
By the Associated Press,

CLEVELAND, Dec. 27.-BreWine
Corporation of America reported to-
day net profit of $703, ,756.77, after
depreciation, interest and Federal
taxes for the fiscal year ended Sep
tember 80. 1898, equal to 81 cents a
share. This compares with 4 net
profit of $60e, 1894, or "a cents a
share, for the previous fiscal year.
Evening star., 1938-12-27

eight months of the year, was the
marked increase In grain exports.
United States grain flowed to for
eign markets in the January August
period-principally to the British
Isles and countries of Northwestern
Europe-in the largest quantities
since the 1905.
Evening star., 1938-12-27
Failures TotuI Up

NEW YORK, Dec. n P.-Busi-
ness failures in the United States
in the week ended December q
totaled 229, compared with 2l6 in
the preceding week and 23l in the
comparable 1887 week, Dun g. Brad
street reported today.
Evening star., 1938-12-27
U. S. Treasury Position
BY the Associated Press

The position Of the Treasury Decembe,
%: Receipts. $19,436. .723 "a; expenditures
1891, including S2,644, ,59o.e6I .03 work.
ing n balance; customs receipts for the month
- Receipts for the fiscal year (since Jul,
5e, u. S2ss7 .92l SOC. ,.55 expenditures. 81.
33554' 'S5s 24l SO, including $1,426,4 ,4O2..
oi expenditures, 81 ,492 936,435. 81: eros,
99eps; S3s Al ,439. .S92.27. an increase oj
si,obo' S46 :56 over the previous day; goid
assets. $14454, ,494. 1882.
Evening star., 1938-12-27
Poris Exchonoe Rotes

PARIS. Dec. 27 U1.-The United States
dollar was quoted 1898 francs q. .633 cents
TO the france in final foreign exchange
transactions today. In comparison the
franc rate n New York was 2 1888 cents
over the holiday week end. Exchange on
LONDON, l77.16. Three per cent rentes in
6ne n bourse we're $3.50 francs; 4hs "A,'
Evening star., 1938-12-27
Money Market

NEW YORK Dec. 81 1p.-call money
steady per cent: Prime commercial
paper. "a per cent. Time loans steady; so.
go days, "; foursix months, 1 X per cent
5sankeIs acceptances UNCHANGED. 5000
per cent. SO months. M-Is per cent. Re.
discount rate. New York Reserve Bank.
per cent.
Evening star., 1938-12-27
Dry Goods Market

NEW YORK. Dec. 81 R.-Prices held
steady in quiet cotton goods trading to-
day: Fail, business was done in finished
for rayon yarns. Raw silk and burlap
moved evenly. Inquiry for wool goods was
slow.
Evening star., 1938-12-27
Steel Quotations

NEW YORK. Dec. ~ R.-steel prices
per 100. lbs. fob Pittsburgh: Blue an
nealed sheets, hot rolled. 2.15: galyanized
sheets 3.50: black sheets. hot rolled. 295:
steel bars 2.25.
Evening star., 1938-12-27
NEW YORK STOCK EXCHANGED E|Sh;
Unit OF tradips 10 shares


In bankruptcy
Bankruptcy Act securities assumed such
shess 81 preference stock 2o share Of s.
last Cash stock Accumuaed dividend
Rates OF dividend the table dispuiss
nents oaseo the last declarations
Unless otherwise noted dividends
Evening star., 1938-12-27

NEW YORK. Dec. 81 dP).-Net operating
income. before fixed charges and other
income. Of railroads reporting today for
November included:
Evening star., 1938-12-27
Investing Companies

NEW YORK. Dec ~ R.-Investment
Bankers Conference Inc.
(Noon ouotations.s
Evening star., 1938-12-27
Washington Exchange
SALES-AFTER C

SALES-AFTER GALL.
Capital Transit Co.-40 at ~, 90
at IN.
Evening star., 1938-12-27

Quotations not furnished by sponsor or
issuer: all others are obtained by I. B. C.
from those sources
Evening star., 1938-12-27
Federal lund Banks

NEW YORK Dec. 27 L1.-Federal Land
Evening star., 1938-12-27

81. Louis Southwestern Ry.-
Court eIn authorized spending Of 81, ,O22, :
s1S Tor maintenance and improve.
ments in 1899.
Evening star., 1938-12-27
Insurance Stocks

NEW YORK. Dec 81 LP.-Investment
| Bankers Conference, Inc:
Evening star., 1938-12-27
Railway Income

q Also extra or extras.
Declared or paid so far this year.
Evening star., 1938-12-27

sEX-d1v1dend
Plus extra .2T extra f2h% ex.
ira. 75c extra 1914 extra paid De-
cember 20 1898 X 30c extra. m So extra
SOC paid September 90 1898
The Sauk Centre herald., 1938-05-26

labor troubles than in the preced-
ing 25 years. AS recall we have
had nearly 5000 strikes in that
short time. Instead Of bringing
about a better understanding be-
tween labor and employer it has
done the very opposite and it is my
opinion that the Wage and Hour
proposal, If enacted into law, will
result in bringing about a similar
situation in the rural sections of
America. have yet to see the
first effort to suspend the law of
supply and demand succeed. We
who live out in the rural regions
can adjust our own affairs with
out interference from Washington.
We have done so in the past with
out working hardships on any one
and can continue to do Sc.
What Lies Ahead?
1 have before me letter from a
st. Cloud Granite manufacturer
which reads in part as follows:
I'VE have recently been under
pressure from union organizers,
backed and assisted in every way
by representative from the
National Labor Relations Board.
Elections have been held in the var
ious shops to determine whether
the men wanted unicn representa-
tion or not.
"These elections have been con-
Quoted in the most one-sided, un-
fair and flagrantly unprincipled
manner possible. The union agita-
tors were given free rein to &C as
far as they would in spreading
false and untrue propaganda
among the men.
Personally, in my own case, the
representative of the National
Labor Relations Board called on
me repeatedly during a period of
about two weeks making threats,
warning and issuing strict orders
for me not to speak to my men,
either in my plant, on the street or
in their homes, even about such a
commonplace subject as the wealth
The Sauk Centre herald., 1938-05-26
Observations
from Washington
by Congressman Harold Knutson


by Congressman Harold Knutson
Again Extend Low Interest Rates
Last week the House took favor
able action on a measure to extend
for two additional years the 31a
per cent interest rate on Federal
Land Bank loans and to provide
fer continuance of the per cent
interest rate on Land Bank Com
missioned loans until July 1, 1910.
1t will be recalled that the Presi-
dent vetoed a similar measure a
year or two ago and I am wonder
ing whether he will take similar
action on this measure, providing
it gets through the Senate before
adjournment.
When Secretary Morgenthau ap-
peared before the Ways and Means
Committee several weeks ago he
stated that the government was
getting money in the open market
at less than one per cent on short
time notes and at about 21a per
cent on long term bonds. This
being the case it can readily be
seen that the government is GER
tainly net going to lose any money
in making 3h per cent and per
cent loans to farmers.
In talking with member of the
Agricultural Committee I was in
The Sauk Centre herald., 1938-05-26

formed that it Is the plan of the
committee to report out bill in
the near future tc make these rates
permanent. AS matter of fact,
they should have been made per-
manent two years ago when they
were first put into effect.
The extremely low interest rates
at which the government is able to
secure almost unlimited sums is
not a healthy condition as it indi-
Gates lack of openings for invest
ment in private fields. In other
words, private individuals or con-
Germs are not borrowing money
these days where 1t can be avoid
ed that means that little or no
money is being invested in replace
ments, expansion or new ventures
and that is one cause for the wide
spread unemployment that we now
have.
The Wage and Hour Bill
Ere this letter appears in print
the House undoubtedly will have
passed the Wage and Hour bill and
it is my guess that it will do so
with a comfortable majority. The
measure provides minimum wage
cf Csc an hour the first year, 3Oc
the next year, 35c the third year
and 40c an hour thereafter with a
maximum of 40 hours per week.
AS I have previously stated in
my letters there is little or no just
ification for this legislation. Labor
is already highly organized in the
larger centers Sc the measure is
clearly designed to affect the rural
sections, more especially farm
labor and labor that is employed in
serving the farmer, such as cream
cries and stores.
My readers will recall the great
promises that were held out in
urging the passage Of the Wagner
Labor bill under which the Nation
al Labor Relations Board was es-
tablished. In the three years since
the Wagner law went into effect
we have had more strikes and
The Sauk Centre herald., 1938-05-26

er, as such conversation, on my
part, with any Of my men would be
construed as being an effort to in
fluence them against the union.
II asked the Labor Board man
If it would be all right for me to go
through my plant and urge the
men to be sure to vote without say
ing anything else to them, and
this, 1 was told, was strictly for
hidden and would be held against
me as interfering with the election
and a formal complaint would be
lodged against me with the Beard
if 1 did So"
This bears out a letter recently
received from Duluth where out
siders came in and fomented
trouble in a plant that had never
before had strike. The owner of
this plant, to my own knowledge,
kept it going during the depres-
sion at considerable loss to him
self in order to provide work for
those who had been with him for
years and given faithful service. AS
the owner believed that his en-
ployees had been mislead and mis-
informed by outside agitators he
wrote a letter to each employee
setting forth the company's side OF
the dispute. Shortly thereafter a
representative of the National
Labcr Relations Board called on
him and advised that it was illegal
for him to address his employees,
and that repetition would mean
indictment and prosecution.
1t appears that this is no longer
free country and I am wonder
ing whether this is a sample of the
abundant life" that we have been
hearing SO much about. I am also
wondering if my readers realize
that it was such things that made
Mussolini dictator back in 1922. I
was in Italy at the time and well
recall some of the incidents that
placed him in power.
I believe in labor organizations
and in collective bargaining. AS a