davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-01-20
AUTO MEN SCAN
BIG INVENTORIES
Dealers Stocks Estimated
Around Highest Levels
Ever Reached.
By the Associated Press.

By the Associated Press.
DETROIT, Jan. 20.-The speed with
which motor cars accumulate Is strik-
ingly illustrated in comparison Of
the situation in the industry today
with that of exactly q year ago.
Last year at this time a shortage
OF automobiles existed and deliveries
were uncertain because of labor diff
culties that affected the operations of
two of the industry's largest producers.
Currently cars and trucks in dealers
hands constitute one of the heaviest
accumulations awaiting buyers the in
dustry ever has known.
The explanation is that the motor
car industry last year produced ap-
proximately 100000 automobiles de-
spite the early tie-up due to labor
troubles. Most Of these 100000 units
were sold, but in selling them the
merchandising division had to take
In trade many older vehicles, which
were added to stocks on hand and
brought about a condition which cur
rently is giving producer and dealer
much concern.
Nowhere in the industry is there
any disposition to believe the used-car
problem can be disposed of over night.
There are many producers and dis
tributors, in fact. who believe 1t can
be relieved only through arbitrary
action, such as junking program
carried out through cooperation of
both manufacturer and dealer.
One authority in the industry re-
Gently suggested that arbitrary Junk
ing with part of its cost added to
the new car price might offer a So
luton. His contention was that the
used-car elimination cost should be
borne in part by the new-car buyer
because he gets the greatest benefit
OF used-car transactions in overall
loWances at present Still another au-
thority has suggested the Government
participate in the scrapping program
and devote some of the salvage to
armament production.
There are few, If any, producers in
the industry who want to consider
price increases. Some of them be-
heve reductions might aid in stepping
up distribution. They know. how
ever, that reductions cannot be made
IN the face of continuing high pro-
auction costs, which forced the up-
ward turn in retail prices last autumn
Evening star., 1938-01-20
ENGINEERS ASKED
TO END PREJUDICES
John Page Calls for Unbiased
Views on Private and Public
Power Systems.

By the Associated Press.
NEW YORK. Jan. 20-John C,
Page. Federal commissioner of recla-
nation. today called upon the engi-
neering profession to LAY aside
prejudices" as to activities of either
private or public agencies in the
electric power field and view power
projects in the light Of what's best for
the people.
Public agencies have demonstrated
in many localities that they can
manufacture and distribute power eff
GENTLY and successfully with public
benefits. Privately owned utilities have
served as admirably in many other
Localities" said Page. addressing the
American Society Of Civil Engineers.
Remembering that each power
project is a separate problem. and
that because one method has rendered
better service in one instance is not
conclusive proof that another will not
render better service elsewhere: re-
membering these facts, has not the
time arrived for engineers to concede
that inherently there is nothing bad
in either public or private ownership
OF electric utilities?" Page asked.
THE electrical industry is monopo-
listic by nature" he added. Il hold
it to be self-evident that in a democ-
racy a monopoly can be tolerated only
so long as the people feel that it serves
in the public interest"
Evening star., 1938-01-20
WORLD SURPLUS
OF WHEAT SEEN
Huge 1888 Excess Forecast
by Secretariat Formed
Under 1888 Pact,
By the Associated Press.

b. the Associated Press.
LONDON, Jan. 10 canadian Press)
"A huge world wheat surplus for
1888 is forecast by the secretariat Of
the Wheat Advisory Committee.
The report, dealing with the inter-
national wheat situation, was made
public today by the secretariat, which
originated from the world wheat
agreement of 1888.
The report predicts 1888 world pro-
duction at 100000. 900 bushels. some
30,000,000 above the record figure Of
1928. Throughout the report world
figures do not include Russian, Chinese
and Manchurian production)
The prospective 1888 acreage of 1885,
900 900 is 10 per cent above the 1S27-31
average. Production is based on this
figure and the average yield for the
years l922-37.
The report states that "in the alb
sence of concerted effort to deal with
the problem of surplus wheat produc-
ton, a return to the catastrophe
wheat purchasing power figures of
the early 30s in overseas countries
therefore is inevitable"
The wheat secretariat predicts
world consumption for 1878 at 3,614,-
100000 bushels, about as per cent be-
low the current world production (plus
Soviet Russia's EXPORTS.
If consumption is maintained in the
future at around the recent levels
3,625 ,000,0 bushels-it will fall short
of estimated current production by
about 10 per cent.
The secretariat estimates world net
exports for 1878 Gncluding Russia)
at 52o,ooo.ooo. World total stocks of
old wheat on August /, 1887, totaled
56s ooO,OOO.
1t computes the purchasing power Of
wheat In Canada during August to
November. 1887, at 1os, compared with
100 for 1886.
The purchasing power Of wheat
equals the index Of terminal market
prices divided by the index Of whole
sale prices Of all commodities.
Evening star., 1938-01-20
WIRES GIVEN UP
BY FRAZIER JELKE
Firm to Center Business in
New York, London and
Amsterdam.
BY the Associated Press.

Ey the Associated PresS.
NEW YORK, Jan. 20-Frazier Jelke
t. Co. member of the New York Stock
Exchange and Chicago Board of
Trade. announced today it would dis
with all out-of-town securities firms
and concentrate on its brokerage busi-
ness in New York, London and Am
sterdam.
Frazier Jelke. senior partner. point
ed out there has been gradual transi-
ton in securities markets from a
speculative to an investment basis,
with consequent shrinkage of trad
ing volume"
1T is our desire" he said, "to rec
ognize this change in the character of
markets and to adjust our methods to
the modern trend
Managed economy. as typified by
policies in vogue or proposed. event.
ually may prove to be a notable con-
tribution to public welfare, but while
the change is being made new order
imposes handicaps on individual mi
tiative, ricks are enlarged while profit
possibilities are minimized
Regulations governing our busi-
ness, such as credit ARRANGEMENTS
| with our customers. the nature of or
ders We may execute. the wages and
hours of our employees. the collection
and management of old-age benefits
and unemployment funds-all these
not only have added greatly to operat.
ing costs, but have materially reduced
| revenues"
The firm for years has had direct
private wires to correspondent secur-
| ity houses in Baltimore Boston. Chi
cago, Cleveland. Louisville, Nashville
Philadelphia, Pittsburgh, Rochester
st. Louis, Washington, Worcester
Mass; Hartford, Conn, and Cincin-
natl.
Evening star., 1938-01-20
ADVANCE IN HOG
PRICES PREDICTED
Expected Decline in Marketings
and Small Holdings of Pork
and Lard Cited.
BY the Associated Press

oS tilc ASSOCldleQ fIe6S.
The Bureau of Agricultural Eco
nomics forecast yesterday that hog
prices would show some advance in
the next few months.
Factors indicating such an advance,
the bureau said, were an expected re-
duction in hog market;ngs and the
relatively small storage holding of pork
and lard.
Pork stocks on January were said
to have been the second smallest on
record on that date.
Looking ahead to the summer
months, the bureau said farmers were
expected to market materially larger
number Of hogs than q year earlier,
but at prices considerably below the
high level Of last summer.
The bureau estimated the number Of
soWs to farrow this spring would be
about per cent larger than last
spring. 1t said this indicated increase
was considerably less than expected in
view of the present low level of hog
production. the large feed supplies and
the favorable price ratio between hogs
and corn.
The bureau said it expected the bulk
Of the 1887 fall pig crop to be fed to
fairly heavy weights and to be mar
keted during the late spring and sum-
mer of 1898.
Evening star., 1938-01-20
SLOWER PACE SET
AT COTTON MILLS
December Rate Hits 90 Per
Cent, Against 134.5 in
Same 1886 Month.
By the Associated Press.

~ tHS <7oSoNAdbCu EtCoSs
The Census Bureau reported today
that the cotton spinning industry op-
Grating during December last year at
90 per cent Of capacity. on a single
shift basis, compared with 1852 per
cent during November last year, and
1345 per cent during December, 1886.
Spinning spindles in place Decem-
Der 81 totaled 26,704 ,476. Of which 22,-
328,472 were active at some time dur.
ing the month, compared with 2s.7os.-
800 and 22,79l $50 during November,
and 27,7o0,194 and 24,09o,204 during
December year ago.
Active spindle hours for December
totaled 5,726O20,185 or an average OF
PA hours per spindle in place, COM
pared with 6,4S2,657,746 and 243 for
November, and S,679,119464 and 313
for December a year ago.
Spinning spindles IN place Decen-
Der 81 in cotton-growing States totaled
l8,798,330 Of which l7.280,348 were
active at some time during the month,
compared with 1912 ,484 and 1881
936 for November, and l9,019,960 and
17.549,224 for December a year ago.
Active spindle hours for December
in growing States totaled A.
646, 6,507,392 or an average of 247 hours
per spindle in place, compared with
5,376,058,428 and 286 for November,
and 6,620,280,37o and 34s for De-
cember year ago.
Active spindle hours and the aver
age per spindle in place for December
in cotton-growing States were:
Alabama, 445,774.445 and 232;
Georgia, 8045l8,722 and 24s: Missis-
sippi, 54,544,1o4 and 1853; North Caro-
lima, l,275,473377 and 2l1: South
Carolina. 1,635.54l ,0e0 and 2s7: Ten
nessee, 16s,574.568 and 2s1; Texas,
71,466.o7o and 27S; Virginia, 147,0s5,-
300 and 232.
Evening star., 1938-01-20
COPPER REDUCED
IN TWO SECTIONS
Primary Producers, Custom
Sme|ters Both Lower
Domestic Prices.
By the Associated Press.

6S tHe hSSOCldteQ fIeSS.
NEW YORK, Jan. 20.-Copper
prices were reduced in two sections
Of the domestic market today, pri-
mary producers lowering p cent to
1ol2 cents pound, while custom
smelters cut their Offering price "a
cent to l0h4 cents pound.
The producers cut was the first
change in their selling price since
November 23 Since that time the
custom smelters had been offering
copper at various levels under II
cents. going as low as 10 cents early
In December.
With the recent rise in export cop
per the smelters boosted their mar
het to high of 1875 cents on Jan
uary II. but in the last few days
the price softened again.
Metal circles reported custom
smelters supplied most of the copper
purchased in the last few months
and that the 1l-cent price of pro-
| ducers was largely nominal. Some
quarters suggested the latter waited
until after the year end to lower their
quotations because of inventory win
dow dressing"
Present levels for copper are the
lowest for more than a year. Last
March the market reached a four
year high at II cents.
Conforming to the reduction in re-
fined copper, leading fabricators low
cred the price of bare and magnet
were y cent pound. Another ad-
justment was reduction of "a cent
a pound in the buying price for scrap
copper. This fixed 834 cents pound
for No. l heavy wire scrap, or ap-
proxlmately the equivalent of 1Oll
cents on refined copper basis.
Evening star., 1938-01-20
VALSPAR CORP. REPORTS
BIG GAIN IN PROFITS
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. Jan. 2O.-The annual
report Of the Valspar Corp. and SUBJ
sidiaries, manufacturers of paints
varnishes. lacquers and enamels, COW
ering the fiscal year ended November
80, 1887, shows consolidated net profit
of s269,328. compared with s1s3.39o
for the preceding fiscal year, an in
crease Of As per cent.
Net profit reported for the 1887 Pc
riod is after interest, provision FOR
Federal and foreign income tax and
surtax on undistributed profits and
other charges, including provision for
contingencies and for unrealiZed de-
probation of marketable securities.
Profit from operations for the fiscal
year totaled $2,398,585. compared with
s2.074,278 for the year ended Novem-
ber 80, 1886.
Evening star., 1938-01-20
CHICAGO LIVE STOCK.

CHICAGO, Jan. 90. (P, Omitted States
Department Of Agriculture) Hogs 5000
than Wednesdays average: bulk, good and
choice. 100000. pounds, -s4O-65; practical
no',nd: tSn $50 smsa lot s35 most 21e;S5o
65: good medium weight and heavy sows
6:40-65; few light weights to els and
Cattle, 5000: calves, 1900: weak on
medium to good grade steers; few loads
steady to shippers and order buyers: trade
very slow; largely steer and beifer run;
weighty heifers 1915 lower: LIGHT kinds
steady to weak; bulls strong; veaiers steady
at II 90 down: practical top weighty sau-
in run, following liberal receipts earlier in
week; local demand for steers narrow:
lamb market very slow: early indications
Ground 25 lower; most bids on, choice
strictly choice kinds $40; Holding best t
kinds around s.25; nothing done on sheep.
Evening star., 1938-01-20
FOREIGN MARKETS.

LONDON. Jan. 30 Up.-New buying OF
securities came into several sections OF
generally steady Home and foreign rails
moved higher and German bonds were the
nrmest OF the foreign group. Gilt-edged
in good demand and trans-Atlantics re-
mained steady. Interest in the industrial
and rubber sections was lacking
PARIS.-In.ernationa securities main
tanned q firm tone while the industrials
we're generally lower. Bank Of France
issue lost 155 francs and rentes were
fractionally down, Suez Canal Silosed with
. loss Of $50 francs and Royal Dutch, 26
Evening star., 1938-01-20
BOND MATURITIES TOTAL
ESTIMATE $16,922,OOO
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, Jan. 2o.-Corporate
bond maturities during February will
total $16,922,000, according to the
Standard Statistics Co. of New York.
The number of bonds and notes
making up this total so. of which 4
amount to s1,ooo,ooo or more, as fol-
lows:
February /. Graham Paige Motors
s. F. IS, $1,164,000; Sutter Basin Corp.
Cum. Inc. IS, s3,274, 700; United
States Radiator S. F. "A" SIS. s2,-
331. 900; February Is, Canadian Pa
cif1c Railway Serial IS, $1,000,0O0.
January maturities amounted to
$46,768.350 and the SO issues and
portions of issues falling due In March
total $22,237,500.
Evening star., 1938-01-20
SUNRAY OIL ACQUIRES
&c. HALLS INTERESTS
Srecial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, Jan. 20.-Sunray Oil
Co. has acquired the interests of F. c.
Hall, Inc, an Oklahoma and Cali
for11ia operator in block of oil
properties and IS producing wells To-
Gated in the Wilmington and Ell Sc
gundo fields in California, G. H.
Wright, president Of Sunray, an
nounced.
Sunray plans to drill additional wells
in that area. These properties have
heretofore been operated by Royalty
Service Corp, which. will retain its
interests. L
Evening star., 1938-01-20
INTERMEDIATE CREDIT
BANKS PAY u, S, TAXES

The Farm Credit Administration re-
ports payment to the Government of
s74l,274 in franchise taxes by the Fed
eral Intermediate Credit Banks.
The law requires the banks to paw
taxes amounting to 25 per cent of
their income after provision for ex-
penses, losses and reserve requirements
At the end of 1887 they had earned
surplus and reserves of sl2,5sl,OOO.
Evening star., 1938-01-20
BOSTON WOOL MARKET.

BOSTON. Jan 90 (p.-Trade in wool
at the Boston market was little more
mostly S,stE '1ies about a Steady ' and " lower
than the maximum prices in the
past two weeks: Graded -; ter blood
bright feeces were sold At ~ g 32 cents
sold mostly on the low side Of the range,
81 to 33 cents in the grease. Graded
sold at mostly 70 to 73 cents secured
basis,
Evening star., 1938-01-20
CHRYsLER TO OPEN PLANT.

WINDSOR, Ontario, Jan. 20 R.-
The Chrysler Corp. of Canada, Ltd.
announced today its newly-completed
engine plant in Windsor will start
production "in the near future" OF
Canadian built six-cylinder motors for
Chrysler, Plymouth, Dodge and De
Soto cars, Dodge and Fargo. trucks
and commeecial cars. L.
Evening star., 1938-01-20
PRICES IMPROVE
ON CURB MARKET
SpeciaIties and Metals Take
Lead From Utilities Late
in Session.

" t0o ASboCIdCtd PreS6.
NEW YORK. Jan. 20-Recovery
trends were general on the curb
market today, although early gains
were narrowed by some increase in
offerings in late trading.
Utilities moved up for time and
then surrendered leadership to in
dustrial specialties and metals. Alum
mum Co. Of America carried 1-point
gain into the final hour and Lake
Shore Mines was up about IL. Gulf
Oil ruled fractionally higher.
Montgomery Ward "A" dropped S
points below the previous transaction
on small dealings. i.
Evening star., 1938-01-20
FOREIGN INQUIRIES
FOR U. S. GOODS FILED
a. the AssoeistaA pr..,

The Commerce Department has
received inquiries from prospective
foreign purchasers regarding American
glass containers for vacuum bottles,
bronze powder, cigarette lighters, au-
tamobile tools, canned grapefruit juice,
freezing apparatus, cameras, napkins,
bicycles. steel furniture and other
items. The inquiries are filed for the
reference of business men.
Evening star., 1938-01-20
NEW YORK LIVE STOCK.

NEW YORK. Jan. 20 LF' Estate Depart
ment Of fSAsriculture>.-.Cattle l,34o: in.
trade less active: low cutter and cutter,
4.25-5 so. few below.
Other classes of live stock nominal
and lambs, 9.64O: hogs. 4.31O.
Evening star., 1938-01-20
ASSOCIATED OUTPUT LAcs

NEW YORK, Jan. 20 (SpeciaD -
For the week ended January IA, As
soclated Gas & Electric System re-
ports net electric output of se,139 sss
units (kilowatt hours. This IA e.
2l4,506 units. or 81 per cent below the
corresponding figure for a year ago.
Evening star., 1938-01-20
NAVY ORDERS PLANES,

The Navy awarded yesterday q
S3,S25,694 contract for So scout bomb
ing airplanes to the United Aircraft
Corp. Chance Vought Aircraft DiW.
Sionk East Hartford, Conn.
Evening star., 1938-01-20

r In bankruptcy or receivership or heinz
reorgantzed under the Bankruptcy Act OF
securities assumed by such COMPANIES.
Rates OF dividends in the foresoing table
are annual disbursements based on the
last Quarterly or semi-annual declaration.
Unless otherwise noted special or extra
dividends are not included
Also extra or extras eDeclared or
paid so far this year. no regular rate.
I PAYABLE in stock gPaid last year
paid or declared this year. Wv With war
rants. XIV Without warrants. var War
rants.
Evening star., 1938-01-20
Advance Scored
By Construction
Awards in Week
BY the Associated Press.

NEW YORK. Jan. 20-Engineering
construction awards for the week
ended Tuesday amounted to S47,669,-
600, or II per cent above the previous
week and per cent above the cor
responding week in 1887, Engineering
News Record reported today.
Private construction showed a SO
per cent gain over the previous week
and So per cent over the correspond
ing week in 1887.
The comparative table showed:
This week Year ago.
Private -------- SAL 600 Sl5,31 200
Federal @.33S,0 600 46s2 600
State-municipal 2l,l4a,OOO 33.94. 900
Total -- S41 ,G6a. 900 S43941 900
Evening star., 1938-01-20

The female cod produces ss many
Ias 10000. 900 egga 4
Evening star., 1938-01-20
Washington Exchange
SALES-AFTER CALL.

SALES-AFTER CALL.
washington Gas SIS 1861 900 at
1851.
Washington Gas IS 1861 900 at
1854.
Evening star., 1938-01-20
INVESTING COMPANIES

NEW YORK. Jan. 20 LPl.-New York
security Dealers Association:
(Noon ouotationsD
Evening star., 1938-01-20

a-Also extra or extras. "'
-ppeciared or paid so far this year.
Evening star., 1938-01-20

wv-With warrants. xv-Withort war.
rants. New. st tstp>-Stamped
sNeeotiability impaired by maturity,
fCompanies reported in receivership.
Evening star., 1938-01-20

Sos Is 74b 74h
l liz liz 11h
20s l11M Ill III
8 9h On 9K
Sos % % %
! 2M ~ ~
Evening star., 1938-01-20

h5'!s sse Extra M "a e:iHs oc paid I'd sni Jun;
e 1887. fs> S14 extra paid Nov. so
1887. 3Oc extra. m $500 extra.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1938-06-24
Will Formally
Open Diocese
Church Sunday
CHURCH DENOMINATION TO
OPEN WORK

The Northwestern Diocese of
the Church of Christ (Hoiness)
will have its opening Sunday, June
26th, at 11:OO o'clock a. M, at the
Trinity Church of Christ (Koli-
ness) located at the corner of
Grotto and Aurora.
Friends of st. Paul and Mime
apolis will remember that this
church was dedicated on the 9Th
of May by Bishop C. P. Jones of
Los Angeles, Calf, who is the
Founder and Senior Bishop of the
Church of Christ (Holiness), U.
S. A.
Bishop W. E. Holman, shown
above, the presiding Bishop of the
Northwestern Diocese, will conduct
a series of meetings starting June
26th. The splendid Male Quartet
from the C. M. & 1. College of
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1938-06-24
Negro Domestic
Servants Life Is
Magazine Subject

Better treatment for hard work.
ing and small salaried Negro
maids is urged by Thyra Samter
Winslow, noted author and maya
zine writer, whose story of sim
pie, colored girl, "Sophie Jackson"
appears in July Pictorial Review
magazine.
Commenting on her story, the
first of a series dealing with Ne
gro life in America, Miss Winslow
finds a more friendly and helpful
attitude needed toward all house
hold workers.
"Get better acquainted with
these women" advises Miss Win
slow. MANY of them have valu-
able ideas and helpful counsel to
contribute to your home. Be more
considerate of them"
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1938-06-24

Jackson, Mississippi, will sing at
each service. You will miss a rare
treat if you fail to hear them.
Bishop Holman will be assisted by
Rev. Chester Williams, his assis-
tant, and other ministers of the
city.
The Northwestern Diocese of the
Church of Christ (Holiness) COM
prises the following states: Mime
sofa, Montana, Wisconsin, North
and South Dakota, Idaho; Mont
real, Ontario, Manitoba and Sas-
katchewan of Canada.
Friends of all races and nation
alities are invited to be present at
each service.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1938-06-24

nament, in which everybody may
take part, begins at 6 p. m. Many
families plan to take picnic lunches
and spend the entire day as they
have in previous years. For those
who do not do this, tasty ham
burgers and hot dogs served up in
the we'll known Triangle Club-cir-
Gus style-will be on sale. Liquid
refreshments to suit all moderate
tastes will be served and ice cream
will be on sale for the kiddies.
Dancing Begins at 9 P. M.
By popular demand of Twin City
dance fans Ell Herbert and his ra-
dio broadcasting orchestra will
play for the dancing which begins
at 9 p. m. The Herbert band is a
union band.
Highlight of Day
For weeks the two towns have
been buzzing over the question as
to who will be named "Miss Min
nesota" in the picnic's chief at
traction, the Annual Bathing Beau
ty Contest. Nineteen charming
young St. Paul, Minneapolis and
out-of-town women are in the race
to find the most talented, beautiful
bathing beauty to whom the title
"Miss Minnesota" will go.
Names of the entrants in this
contest have been in this news
paper for several weeks and the
final listing before the picnic) ap-
pears elsewhere in this edition.
Draw Largest Crowds
Each year since the beginning
of the Triangle Club picnics the
throngs have increased. Last year
a new all-time high record for
group picnics was reached when
over 5000 Twin Citians, a truly
cosmopolitan group, crowded the
spacious picnic grounds and pa
vilion, ate, drank, danced and en-
joyed the bathing beauty contest.
This year the committee expects
last years attendance mark to be
eclipsed.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1938-06-24
Mrs. L. NJ. Edwards
Obtains Divorce
from Husband

Mrs. Lottie Mae Edwards, CAT
st. Anthony Avenue, St. Paul, was
granted a divorce June goth from
James Bailey Edwards, 734 St. An
thony Avenue, st. Paul, in Judge
E. E. Waite's court, Minneapolis.
Mrs. Edwards sued for the
divorce through her attorney,
Harry L. Scott, Minneapolis at
torney, on the grounds of cruel and
inhuman treatment.
Three minor children were placed
in the custody of Mrs. Edwards
by the court.