davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-12-12
Baltimore Tobacco
Volume Declines
Special Dispatch to the Star.

BALTIMORE, Dec. 12.-There was
large decrease in the amount of
Southern Maryland tobacco sold for
the producers through the Baltimore
market in November, according to
a summary of the returns. The
average price received in the sales,
however. was little higher.
The November sales totaled only
l,26S hogsheads, or 730,7OO pounds.
sales during October reached 5,492
hogsheads, or 3,27l. $40 pounds.
Ihe average price received in
November was 0.143O per pound,
while IN the previous month it was
0.l202. wa"
Evening star., 1938-12-12
Chicago Grain
By the Associated Press.

by the Associated SleSS.
CHICAGO, Dec 12.-Price gains
failed to last in the Chicago wheat
market today, and toward the end
of dealings quotations showed slight
net losses.
There was a lack of follow-up
buying on advances, and trade VOL
ume dropped to small proportions.
of any fresh export demand either
for wheat or corn from the United
States.
At the close Chicago wheat futures
were unchanged to 3s lower, COM
pared with Saturdays finish, De-
cember, 64-641s; May, 667s-s4; corn
ls-l2 down. December, 5012; May,
525s-34, and oats Il up.
Evening star., 1938-12-12
Winnipeg Prices.
WINNIPEG. Dec IL Pl.-Gratn range
Baltimore Quotations

BALTIMORE. Dec. IL Pl-Wheat No.
2 red. winter. garlicky. spot. domestic. II.
Evening star., 1938-12-12
Utilities Power Deal
Approved by 5. {. {.
BY the Associated Press.

BY the Associated Press.
The Securities Commission au-
thorized a subsidiary of Utilities
Power & Light Corp. today to pur-
chase up to 100000 of the parent
company's outstanding debentures
and equal-rank claims at 10 per cent
of their principal amount.
The authorization will become
effective. however. only If approved
by the United States court for the
Evening star., 1938-12-12

Unit OF trading 10 shafea
receivership under
Bankruptcy Act securities assumed such
extras l.lO
share Of 81 stock i25 share s.
last year Cash Or stock Aceumuaed dividend paid
the last quarterly
Unless otherwise noted seca extra dividends
cIud
Evening star., 1938-12-12

Chicago, indianapolis & Louisville
Ry.-Deficit, 10 months ended Oc-
tober 81. was $1,6l0,629 against def
icit Of $1,210,e45.
Evening star., 1938-12-12
1t said the book value, however, was

It SAID the book value, however, was
'in excess of TO-"
1t also ordered that no tenders
be accepted from Atlas Corp. until
all other tenders made within IS
days after notification to the holders
had been accepted The record
shows. the commission said, that
Atlas holds about go per cent of the
outstanding debentures and is repre-
sented on the Board of Utilities
Power & Light.
Evening star., 1938-12-12
New York Cotton
BY the Associated Press.

by lIlt hSSUCIdItU FTtSS.
NEW YORK, Dec. 12.-Cotton ad-
vanced today on firmness of Liver
pool and owing to the favorable cot
ton referendum in the South. Par
tial reactions followed, however. un-
der realizing.
March eased from $50 to 825 and
in midafternoon sold at 826, when
the list was net unchanged to 4
points higher.
Evening star., 1938-12-12
Chicago Cash Market.

Cash wheat. sample. red. 81: No z
mixed. SO. Corn, No. : mixed, 5"7.: N, =
52it-53i4:. Nc; l yellow, -53'a34: :.
2$$335i'4; No white, 56-56h: No 3.
27iz; No J white. 32-33ia: No. , 81
32i4 Barley, No. l.. 51-54: No. .. 5ti;
No. 4, 50. No. . mating. 50: No 3 80
Soy beans, No. . yellow $685.: No 3. S..
Timothy seed. 2G5-315 nominal. red
clover seed, l3.oo-l6.O0 nominal: red top.
S.75-9.25.
Evening star., 1938-03-04
ADVOCATES REPEAL
OF HAUL CLAUSE
Chief of Central Freight Group
Says Change Would Bring Big
Railroad Savings.
Ey the Associated Press.

Eugene Morris of Chicago, chairman
Of the Central Freight Association,
testified before Senate Committee
today that repeal of the long-and-
short haul clause of the Interstate
Commerce Act would bring sub
stantial savings Of time and money
to the railroads.
There really seems to be no actual
need of the provision" he said Morris
appeared fer the carriers in behalf Of
the Pettengill bill which would repeal
the clause The clause prohibits rail-
roads from charging a lower rate for
long haul than for a shorter haul
over the same route in the same direc-
ton.
The shippers and receivers of
freight generally appreciate" Morris
said. that railroad which has as
sisted in the initiation. development
and maintenance of all industry has
an inherent right to handle a fair
share of the traffic to or from the
industry
r. G. HOdgkin, assistant freight
traffic manager of the Atlantic Coast
Line Railroad asserted the clause has
placed carriers by rail at the mercy of
their competitors by water"
Railroads along the South Atlantic
Coast and Florida. Hodgkin said. have
suffered severely through competition
with both water and motor truck lines.
Evening star., 1938-03-04
GENERAL ELECTRIC
REDUCES DIVIDEND
80 Cents a Share Compares
With 40 Cents Paid in
1887 Quarters.

By the Associated Press.
NEW YORK. March 4.-Directors
of the General Electric Co. today cut
the dividend on the common stock to
30 cents share, compared with quar-
terlv payments of 40 cents through
most Of 1887 and year-end payment
of 81.
The company reported new orders
| received in the first two months
| dropped to s41,348,000 from s64.229.-
600 in the comparable period last year.
decline Of 36 per cent.
Preliminary net income for 1887 was
s63,547,000, equal to S2.2l a share,
/ against s43, ,947 166, or s152 a share,
IN 1886, the company announced. The
figure for last year was after provision
for the Federal ssurtax on undistrlb-
| uted profits.
Sales billed last year increased to
S349 TAO 900 from 1858, 545 900 in 1886
The quarterly dividend is payable
April 25 to shareholders of record
March 18.
National Enamelng
Directors of National Enamelng &,
Stamping Co. took no action on a
dividend on the capital stock, owing
TO the uncertainty Of current business
conditions and the outlook for the I'M
mediate future" the company an
nounced A dividend of so cents was
paid IN March last year The COM
pany has plants in the east, midwest
and south.
Granite City Steel.
Directors of Granite City Steel Co.
authorized a dividend of 1212 cents a
Evening star., 1938-03-04
EARNINGS
DECLINE IN YEAR
S16,575,164 Compares S
With $18,712,488 for
1886 Months.
BY the Associated Press.

By the Associated Press.
NEW YORK, March Al. C. Penney
Co, operator of l,496 department
stores in 48 States reported 1887 net
profit tincluding subsidiaries) of s1b,
575,164 after depreciation, Federal in
come and undistributed profits taxes.
etc, equal to S6.52 per common share
This compares with Sls712,488. or
s736, in 1886.
Johns -Manville Corp.
Johns -ManviIle Corp, manufac-
turers of building materials with ma
tional production and distribution
facilities. reported net profit for 1887
of S5.45l,843 after charges and Fed
erai taxes, equal after preferred divi-
dend requirements to $3.50 share on
$4,000 shares of common stock. This
compared with 1886 profit of s4,373,-
7G7. or S5.l3 share on 100000 COM
mon shares then outstanding Net
sales for 1887 totaled S60,173,392 an
increase of Sl1,27l $50, or % per cent
over 1896.
National Tea Co.
National Tea Co, operating chain
food stores and wagon routes in sew
eral MidWestern States. reported 1897
net loss of Sl.365,28O against net in
come of S226,75 in 1886.
United Drug.
United Drug. Inc. reported 1887
consolidated net profit of sl,3l2,3l4
after undistrlbuted profits surtaX.
equal to "a cents a share of capital
stock. This compared with S2,065, ,474
or STAT a share in 1886. The report
said there was charged out of 1887
earnings OF 13 cents a share on ac-
count Of inventory adjustments. Com
pany is manufacturer of drug spe-
Cialties and operates an extensive re-
tail drug chain.
Wheeling Steel Corp.
Wheeling Steel Corp. and subSid-
iarles reported net profit for 1887,
after charges and provisions for Fed
eral surtaX. Of s4.228,488, equal to
SAIL a share on 5632l2 shares Of
common stock after preferred divi-
dend requirements This compared
with 1886 net profit Of s4,115,387, Or
$40 a share on 38809 shares of
common. In 1887 food losses of
S1,189,659 were charged directly to
earned surplus.
American Metal Co.
American Metal Co and subsidiaries
reported net profit for 1887 of s4.-
345.ls6 after charges and Federal
surtax, equal to So % a share of COM
mon stock. compared with 1886 profit
Of sl.726053, or Sl,08 a comman
share.
Evening star., 1938-03-04
RUBBER GOODS EXPORTS
DROP BEHIND YEAR AGO

By the Associated Press
. The Commerce Department reports
exports of truck and bus tires and
inner tubes increased in January,
compared with the same month last
year, but shipments of passenger car
tires decreased. Total exports of rub
Der goods in January amounted to
s2,263457, a decrease Of ia per cent
from December and per cent from
January. 1887.
Evening star., 1938-03-04
DOLLAR GOES HIGHER
IN LONDON DEALING

By the Associated Press.
LONDON, March 4-The United
States dollar gained 1 of cent today
at 50l5s to the pound in final deal
ings, compared with s5.0la4 for
sterling in New York over night.
French francs We're quoted 1897
to the pound. against 1881 yesterday
PARIS, March 4 (El,--At the close
of foreign exchange trading today
United states dollars we're quoted
3O68 francs t3259 cents to the france.
In comparison the franc rate in New
York overnight was 3.257 cents. Ex-
change on London, 1895
Three per cent rentes in the Bourse
were $3.50; i2s "A 70.45; AIS 1887,
l0780.
Evening star., 1938-03-04
U. S. TREASURY NOTES.
NEW YORK. March 4 CPt.---PriceS quot
in dollars and thirty-Seconds:
BOSTON WOOL MARKET.

BOSTON, March pa few buyers
we're in the Boston wool market today. but
they we're taking very little wool.
When they had needs to cover, they
paid full asking prices. Quotations were
fine territory woods in original bags and
12-months Texas woods at 80 to 65 cents
secured basis. Buyers showing an in
terest in three-eighths and one-quarter
blood bright f1eeces were bidding around
25 cents in the grease: Most houses wanted
26 to p cents in the grease for either
grade. Combng three-eiphts blood good
grade fieeces realized IS cents in the
grease from a buyer with an urgent need
for WOOL
Evening star., 1938-03-04
Youngstown Sheet
& Tube Receives
SI2.5OO.0OO Loan
Ey the Associated Press.

YOUNGSTOWN. Ohio, March q
President Frank Purnell announced
yesterday youngstown Sheet e. Tube
Co. has borrowed sl2. .50O,0 900 from New
York banks for two and three years
to provide additional working capital
and to pay for Improvements,
Purnell said a loan of S5,O00,0o was
paid off. leaving the company s7,50O.-
600 Sheet & Tube last fall planned
100000 900 convertible debentures, but
the stock market slump halted plans.
The time for this permanent
financing has not yet arrived" Purnell
said. 1T is as yet not possible to pre-
dict when it will be The short-term
financing was done on favorable
terms"
Evening star., 1938-03-04
LISTED SHARE VALUES
GAIN DURING MONTH

BY the Associated Press.
NEW YORK, March 4.-The value
of shares listed on the New York Stock
Exchange increased $1.930, 1874, ,698 dur
ing February to a total of S41,172,-
861, ,535, the exchange reported.
Average price of the shares advanced
to S28.94 from S27.59, as of February l..
Evening star., 1938-03-04
PHONE TOTAL CLIMBS
10000 IN FEBRUARY
Bs the Associated Press

Bs the Associated Press
NEW YORK. March 4.-Telephones
in service in principal telephone sub
sidiaries Of the American Telephone
& Telegraph Co, included in the Bell
System increased 10000 in February.
compared with gain of $4,000 in
February, 1887, the company reported.
Evening star., 1938-03-04
TIRE FIRM TO CLOSE
CUMBERLAND PLAN 7
By the Associated Press

CUMBERLAND, Md, March e.
Due to reduced production require
ments, the Kelly-Springfield tire plant
will close all departments for a week.
beginning Monday, the management
announced yesterday.
Operations will be resumed Monday,
March IA
Evening star., 1938-03-04
U. S. TREASURY POSITION,
BY the Associated Press.

The position of the Treasury on March
2: Receipts, Sl1a,317, ,5472s; expendi-
2a1 .220.21; customs receipts for the
month. S1.6S4. IA. 50.
Receipts for the fiscal year tsince July
u. So. $50. .467 90S.sJ; expenditures. So
0n4 714449. including 1888 OIL S.
a7Q45 of emergency expenditures excess
of expenditures, S1I2l ,246, 540.22; gross
debt S37.736. .0S5, 5000 an increase of
$50 1887 above the previous day;
gold assets. l2.766. 67S. 6S9.S7.
Evening star., 1938-03-04
CURB LIST MOVES
TO HIGHER LEVELS
General Market Advances
Fractions to ST or More
in Slow Trading.
By the Associated Press.

NEW YORK, March 4.--The curb
market generally pushed ahead frac-
tions to point or more in quiet trad
ing today.
Leaders in the advance included
Aluminium Co, Mead Johnson, Pep
perell, Gulf Oil, Creole Petroleum.
Great Atlantic g. Pacific Tea, Pantepec
Oil and United Shoe Machinery
Utilities we're also in small demand,
with fractional gains shown by Amer
ican Gas e. Electric, Electric Bond
g. Share, Niagara Hudson Power.
On the down side were Pittsburgh
Plate Glass, Humble Oil and New
mont Mining.
Evening star., 1938-03-04
NEW YORK SUGAR.

partial decline early under further
ljouidation, encouraged by continued lib
erai offerings in the spot market the No.
3 sugar futures contract rallied on trade
buying and covering. The No. was
relatively easy.
May NO. g. rallied from Els to 2.1e,
which left the list at pm. about un-
changed to ] point net higher. The No.
4 remained at net decline of | point
when July sold at OF.
Evening star., 1938-03-04
DROP IS REVEALED
|. IN BANK RESERVES
Slight Decline Accompanies
Circulation Gain and
Treasury Shift.
By the Associated Press.

By the Associated Press.
The Federal Reserve Board said
bank reserves declined slightly last
week, due, principally, to a nonth-end
increase in money in circulation and
a shifting of Treasury deposits from
commercial banks TO Federal Reserve
banks.
Total reserves declined s25,000,00O
to S2,565 900 900 and excess reserves.
which are the banks supply Of lend
able money. dropped s20,000,o00 to
$3.50 100000.
Reversing a recent trend toward
short term securities, the reserve banks
last week sold s12,000000 worth Of
Treasury bonds and bought s1O,000.-
900 of Treasury notes and s2,000000
in Treasury bills.
Changes in member bank reserve
balances and related items during the
week and the year ended March 2,
1888, we're reported as follows:
I'm millions ~ do'lorSl
Evening star., 1938-03-04

T In bankruptcy or recetvershlp or beins
reorganlZed under the Bankruptcy Act OF
securities assumed by such companies
Rates OF dividends in the foregoing table
are annua disbursements based on the
last quarterly or semi-annual declaration
Unless otherwise noted special or extra
dividends are not included
Also extra or extras Declared or
paid so far this year. no regular rsts.
Payable in stock Paid last year.
h Cash or stock k Accumulated dividend
paid or declared this wear Wv With var
rants XIV Without warrants war War
rants
Evening star., 1938-03-04

share on common stock, payable
March 80 to holders of record March
l6. Company paid 25 cents in De-
cember and 37i2 cents in September
last year.
Evening star., 1938-03-04
NEW FINANCING GAINS
SHARPLY DURING WEEK
By the Associated Press.

by TIlF HsSUCIdI ISU FItSS.
NEW YORK, March 4.-Consisting
principally of municipal issues, new
financing for the week amounted to
s57, 900, compared with s17,757, ,575
for the corresponding week last year
and s8,74l 900 the previous week, a
Poor's Publishing Co. compilation
showed today.
The comparative table.
Evening star., 1938-03-04

Bohn Aluminium g. Brass Corp
1887 common share earnings were
$5.03, against $4.4s. y
Evening star., 1938-03-04
INVESTING COMPANIES

NEW YORK March 4 iP,-Investment
Bankers Conference. Inc:
moon Quotations.
Evening star., 1938-03-04
MONTREAL SILVER.

MONTREAL March dP.-Silver fu-
lures opened unchanged. Bids: March
Ass; May. 44.50; July. 44.35.
Houdaiile- Hershey Corp.-l937 clas;
B share earnings were s2l4, against
1925.
Evening star., 1938-03-04
STATEMENT IS ISSUED
BY NEW YORK RESERVE
By the Assoclated Press.

BY the Associated FresS.
NEW YORK. March A further
rise in Federal Reserve notes in circu-
lation was reported in the weekly con-
ditlon statement of the Federal Reserve
Bank Of New York
At 1918 258.000 circulation was about
$8600,000 ahead of the previous week.
Member bank reserve account was
down about s32,000000, while United
States treasurer general account ex-
panded to s98,379 900 from s66,83I 900.
Foreign bank deposits dropped to
S44 862 600 from s52,477 600. Holdings
of United States Government securi-
ties were unchanged.
The condensed statement follows:
Evening star., 1938-03-04

Mar .. Feb % Mar ;,
1925 1885. 1897
Bills discounted ~ 10 -- 3
Bills bought -- >
U. s. Govt securities 1884 -- = 134
Industrial advances
(no' including ~
million commitments
March - II II g
Other Reserve bank
credit minus 20 --2f -C3
Total Reserve bank
credit 2.5S3 -2s - los
Gold stock l2.f67 II Il 324
Treasury currency C.66g 4 = 1874
Member bank reserve
balances 19l5 --2i - 55i
Money in circulation R,343 - la 81
Treasury cash 3.51p = -o5A
Treasury deposits with
F. r banks 1s5 - 80 81
Non-member deposits
and other F r. ac-
counts 677 81 4144
"a minus item owing 70 time discrer-
aNcy between Settln2 I'D credits on Reser"-
bank books for member banks and actua
collections on checks behind the credits
Evening star., 1938-03-04

In millions Of dollarsD
Evening star., 1938-03-04

al - s57.sO6.oo0 S1;.;5i.5i5
Henderson daily dispatch., 1938-10-11

produce, at this time, can be found
in the desire of organized wealth to
crush, for all time, the tendency that
Franklin D. Roosevelt has sponsored
for a better living FOR the people who
do all the work. They the rich, by low
prices and every conceivable scheme
seek to make the people distrust
Roosevelt and the other great friends
of humanity, in order that they may
lead them back to such administra-
tons as we had from 1863 to 1888.
Those who ruled our country then
made millionaires and paupers. Lit
tie they cared for the teeming mil
lions who produced the nations
wealth. Those old Republicans and
Democrats thought any kind of house,
food and rainent was good enough for
a. farmer and workingman. They
thought only the rich were entitled
to the good things a munificent God
provided for all his sons and daugh-
tiers. No President until Franklin d.
Roosevelt ever said anything about
the one third who were i'll fed, i'll
housed, and ill clothed. The horrible
rulers before him were experts at
shooing the flies off Bessie. Never stir
up the people was their slogan. So
long as the workers can be kept con-
tent on fatback and corn pone why
give them cake? That was the queS-
ton then and is now with our ex-
pert mixers.
JAS. H. WRIGHT
Henderson daily dispatch., 1938-10-11
TODAY IN HISTORY

, 1779-Died-age 81, from wounds
received two days before at Savannah
fighting in the American Army of the
Revolution, Gen. Casimir Pulaski, Po-
lish hero. Day now annually pro-
cls.med by President.
846-Havana hurricane took toll
of sixty ships including war ships.
1853 First country clearing house,
50 banks, in operation in New York
1899-Boer War begins.
1900-Daughters of the American
Revolution founded
1911--McNamara brothers dynamite
trial opens in Los Angeles.
1916-Greece, upon demand of Brit
ain and France, turns her fleet and
coast forts over to the Allies.
1928-The dirigible Graf Zeppelin
leaves Germany with go on board to
cross the Atlantic.
Henderson daily dispatch., 1938-10-11

ToDAy,S ANNIVERSARIES

1759-Mason Locke Weems, eplsco-
pal clergyman, who sold books travel
ing throughout the East, publisher.
author of the popular story about
Washington's Ratchet and cherry tree,
born in Maryland. Died at Beaufort
S. c., May %; 1925.
1792-Antoine Blanc, first Catholic
archbishop of New Orleans, born In
France. Died June 20, 1860.
1916 Henry Howe, noted historian,
born at New Haven, Conn. Died at
Columbus, Ohio, Oct. IA, 1893.
1S21-George Williams, English
founder of the Y. M. G. A., born.
Died Nov. 6, 1905.
1885 Hunter H. Mcguire, Confed-
crate surgeon-general, professor-pres
ident, Richmond, Va. University Col
lege of Medicine, born at Winchester,
Va. Died Sept. 10, 1900.
1S44--Henry j. Helms founder OF
the Pittsburgh house of the name,
pioneer in pure foods and employees
welfare, born in Pittsburgh. Died
May IA, 1919.
1S7S-Cary T. Grayson, physician
to Presidents, Red Cross head, born
in Culpepper Co., Va. Died Feb. Is,
1888.
Henderson daily dispatch., 1938-10-11
OTHERS VIEWS
FROM MIR. WRIGHT.

To the Editor:
Haywood Broun. in one OF his re.
cent columns quotes the publisher of
one of our metropolitan dailies as
saying: "Other newsp4ve.' publishers
arc wrong in thinking OF me as a
radical, I am not radical at all.
merely try ito shoe the flies off Bcs-
sic, so that she will be content to
stand still and allow herself to be
MIXED as usual" Bessie referred 10
here, is of course OR great producing
class, while the fly shooers are the
slave driving rich and their toadies,
who want the farmer and working
man to be content in poverty.
One of the most sic ;eninc things !
SC. m the papers is some farme, who
has worked the very blood out Of
himself, his wife and children and
with the aid of good luck has ac-
cumulated a few thousand dollars
writing his disapproval of Franklin
D. Roosevelt's efforts to better the
condition of all those who work. In
spite Of the few thousand he has saw
ed up at the price of his health and
comfort and that of the wife of his
BE- som. and the children of his loins,
he leads such stingy life he is in
reality, so poor he stinks to high
Heaven. Horrible indeed it is when
such parodies on men seek to lead
others into their narrow, selfish mode
of life. Such people are always harp
ing about high taxes. They are too
ignorant to know the tax they pay the
Government is nothing when COM
pared to the tax the rich garner from
the producing class all the time. They
are too blinded by the fly shoers to
know they are being MIXED all the
time in order that the rich may have
ice cream. They want the Republicans
and reactionary Democrats to run
this country, as they did prior to
1888, to keep the flies off Bessie while
she is being MIXED.
Frankly 1 admitted yesterday to q
friend who complained his tobacco
: was too low and that the new deal
was responsible for the low price. But
/ told him that if we had had no New
Deal the price would very probably be
not half what it is today. And that
the price would have been under the
old regime not over ten cents, for the
past five years whereas under Roose-
/ welt it has been about twenty cents
which I think is about thirty cents
/ too low. The farmer who will make
a crop of tobacco and sell it for
twenty-five cents certainly must not
be bothered with flies else he would
do some strenuous kicking.
The reason for low prices for farm
Henderson daily dispatch., 1938-10-11
TODAY'S BIRTHDAYS

Mrs. Franklin d. Gamma Eeanor>
Roosevelt, born in New York, 81 years
ago.
Harlan F. Stone, associate JUSTICE of
the u S. Supreme Court, born at
Chesterfield, N. H., 66 years ago.
Norman S. Case of Rhode Island,
Federal Communications Commission
er, born in Providence, so years ago.
Ex-U. S. Senator Joseph 1. France
of Maryland born there, IS years
ago.
Joseph Auslander, author, in charge
of the chair of poetry in the Library
OF Congress, born in Philadelphia, Al
years ago.
DR.. Harry A. Garfield, president
emeritus of Williams College, Mass,
son of President, born at Hiram,
Ohio, rs years ago.