davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-08-18
MISSOURI PACIFIC
EXCEPTS TO REPORT
Says S. E. c. Examiners Study Is
So Erroneous as to Be of
Little Value.
ny the Associated Press.

ny the Associated Press.
CLEVELAND, Aug. 18.-The Mis-
souri, Pacific Railroad has filed with
the Securities and Exchange Commis-
sion 321 specific exceptions to the re-
port of Trial Examiner Richard Town.
send in the proceedings brought BY
the commission to determine whether
the preferred and common stocks Of
the road should be suspended or with
drawn from listing on the New York
Stock Exchange, William Wyer, Sec
retary-treasurer Of the road, an
nounced today. &
The brief accompanying the ex-
ceptions stated Mr., Townsend's report
contains so many clearly erroneous
statements, implications and omissions
of material facts as to render the en-
tire report of little value to the COM
mission I" That the evidence estab-
fishes no basis whatsoever for the pro-
ceedings and that they should there
fore be dismissed"
Mr.. Wyer SAID oral hearings WOulo
be held before the commission hands
down its decision, expected early this
fall.
The S. E. c. charged the Missouri
Pacific filed with 1t an application for
permanent registration Of securities
and certain annual reports contain
ing copies of annual reports of the
bankruptcy trustee to the Interstate
Commerce Commission for the years
1884, IS and 36 which were alleged
to be false and misleading in that
they failed to disclose q liability Of
tho. Missouri Pacific under the con-
tracts with Terminal Shares, Inc, for
the acquisition Of certain Terminal
properties in North Kansas City and
st. Joseph, Mo.
Evening star., 1938-08-18
Stock Averages
BY VICTOR EUBANK.
Compiled by the Associated Press.


NEW YORK, Aug. 18.-Stocks went
to sleep in today's market, after the
motors had led an early rallying at
tempt, and many leaders slumbered in
moderately lower territory at the close.
1t was the most somnolent session
In more than two months, with trans
fers for the full day only around 4S0,-
600 shares. The ticker tape fire.
quently was motionless as the ma
jority of traders dozed in the board
rooms.
There were few gamers of a point
or so, and one or two losers of as much
as 2, but prices changes generally
were exceptionally narrow throughout
That Wall Street did not have anv
great urge for the buying side was
attributed in part to renewal of I'M
easiness over temporary breakdown
OF the Sudeten German-Czech nepo-
tiationS.
Business News Bright.
Business news on the whole was
fairly bright. although several diyi-
dent eXcisions and lower earnings and
sales statements were in evidence. A
restraining speculative feature was
seen in the fact the market. during
the last three days, was able to regain
only small portion of the previous
six days downturn in dealings that
we're unusually sluggish.
Local traction stocks and bonds
moved counter to the trend as the
New York Constitutional Convention
approved an amendment enabling
New York City to issue bonds to
finance uniflcation of the transit sys-
TENS.
National Cash Register had a rising
market of its own. Buyers took
cognizance of the company's ability
to keep profits at a relatively good
level. despite poor business elsewhere.
Douglas Aircraft weakened as the
meeting of the directors was post
poned indefinitely. It had been ex-
pected the dividend proposition would
be discussed by the board.
Sears -Roebuck Skids.
Sears-Roebuck skidded. The mail
order concern. for four weeks ended
August 13, reported a sales decline of
S6 per cent from the 1897 period
against fall for the four weeks ended
July 16 of 146 per cent
International Harvester was undis-
turbed when the company cut its
dividend from so cents paid in the
previous quarter to 40 cents. National
Dairy. declaring a 20 cents disburse-
ment against 80 cents, was not par
ticularly depressed.
Bonds were uneven, as were COM
modities. Wheat at Chicago was up
Is to 50 of cent bushel and corn,
Is off to IS up. Cotton in late trans
actions was down about 10 cents a
bale. Sterling and the French franc
were of trifle in terms Of the
dollar near midafternoon. the former
at s4S77s and the latter at 27234
cents.
Among resistant stocks were Chrys-
Ter, General Motors, United tSates
Steel. United States Rubber, Mont
gomery Ward. Kennecott. Westing-
house, Santa Fe and Bendix. Ma
tional Biscuit crawled into new high
territory for the year, but ended
under the best
Inclined to drift were Western
Union, Bethlehem. Boeing, Console
dated Edison, American Telephone.
Anaconda, Philip Morris, United States
Gypsum, Texas Corp, Great Northern,
Johns -Manville, j. c. Penney. Cater
pillar 8ractor and Eastman Kodak.
Evening star., 1938-08-18
!. c. c. APPROVES PLAN
OF NICKEL PLATE ROAD
b the Associated Press,

b the Associated Press.
The Interstate Commerce Commis-
sion today authorized the New York,
Chicago & st. Louis Nickel Plate)
Railroad Co. to issue $4,000, 900 Of
promissory notes in exchange for an
equal amount of promissory notes fall
ing due October l..
The commission also authorized the
Pittsburgh and West Virginia Rail-
way Co. to pledge 1925, 900 of its
bonds as collateral security for out
standing notes.
The Pittsburgh and West Virginia
also received permission to issue $780,
600 Of promissory notes.
Evening star., 1938-08-18
BOERSE CONTINUES
PLUNGlNG DOWNWARD
BY the Associated Press.

BY the Associated Press.
BERLIN, Aug. 18 tP.-The Boerse
continued its downward trend yester-
day with record sales seldom expert
enced in the last five years.
A few buyers hastily withdrew their
orders upon learning of heavy drops,
especially in two Brown Coal shares,
Eintracht-Brown Coal run by the
Czech coal magnate, Petschek), and
Niederlausitzer- Brown Coal, II and
per cent, respectively.
At the close the Boerse slightly re-
covered when it was learned Eco
nomics Minister Walter Funk was
scheduled to touch upon the stock
market situation in speech Sunday
opening the Koenigsberg Fair.
Evening star., 1938-08-18
CHICAGO GRAIN
By nc Associated Press.


CHICAGO. Aug. 18.-Stirred by as
serted notable unfavorable crop devel-
opments in Canada, Chicago wheat
prices rose IA cents today, but held
only part of the gain.
Active buying of wheat futures here,
attributed to export interests and to
domestic millers, was witnessed at
times. A handicap, however, was that
the Winnipeg market showed a ten
dency to drag. with new export takings
of North American wheat apparently
slow.
At the close Chicago wheat futures
were 1s-5s higher. compared with yes
terday's finish. September 63s. ~, De-
cember 657s-66; corn 4 off to IS up
September 50. December 48E2-ss, and
oats unclaimed to Ia of
Evening star., 1938-08-18
INTERNATIONAL SHOE
STOCK IS UP FOR SALE

By the Associated Press.
NEW YORK, Aug ia block Of
$4,000 shares of International Shoe
Co., with market value of about $510,-
900, was offered today for public sale
of the New York Stock Exchange by
an investment banking group headed
by Blyth & Co., New York, and Stifel
Nicolaus d Co.. st. Louis. The Offer
ing price was $34. the last recorded
sale on the stock exchange.
Evening star., 1938-08-18
RANK OF ENGLAND.

LONDON, Aug 1s lP.-The Bank OF
England statement as of Aug. II tin thou
CircHiation, 4s2. .623; decrease, 1870.
Bullion, 327 500: increase, 4S:
Reserves, 44.9T3: increase, 7.41S.
Public deposits. 2O,107: increase, 792.
Private deposits. 100. 7SS: decrease. S03.
Government securities, 1O4,641; de-
Other securities. 2s,453; decrease, -2,32s.
Ratio of reserves to liabilities 2S.1 per
cent, compared with 23.4 last week.
Evening star., 1938-08-18
new YORK COTTON

Es the Associnfed Press.
NEW YON fAug. 18.-Cotton eased
a few points today under slightly
larger southern hedging and a little
Bombay and Liverpool selling. Al
though unfavorable crop advices
gained attention. buyers were reserved.
December sold off from 835 to 83l
and in wid-afternoon sold at 8.32,
with prices to points net lower.
Evening star., 1938-08-18
Sears, Roebuck Co.
Sales Sho,O Drop
In SeUenth Period
BY the Associated Press.

By the Associated Press.
CHICAGO, Aug. 18.-Sears, Roe
buck & Co. reported today sales of
$33,l46,451 for the seventh period,
July 1S to August 13. Compared with
the corresponding period year ago
this represented loss Of 1920, 100, or
8.6 per cent.
Sales for the first seven periods this
year totaled 258,132,8ll, loss Of
$33,515,s25, or lis per cent compared
with the $2si, ,64S, ,630 sales for. the
corresponding seven periods In 1897.
Evening star., 1938-08-18
: COtt0nseed Oil.

aCott0nseed Oil.
Cottonseed oil dipped to 4 points
in quiet forenoon trading today. The
market was affected by easiness of
lard and cotton and showers in
Tennessee Around midday october
sold at 814, or 3 points net lower.
Crude oil was unchanged at 6ia-34
cents in the Southeast and valley and
81 in Texas.
Evening star., 1938-08-18
DRY GOODS MARKET.

NEW YORK, Aug. 1s 41.-cotton gray
goods. sold in slightly larger amounts to-
were quiet Raw SILK was strong. Raycn
yarns showed activity. Demand for wool
n womei's wear. Burlap was quiet and
steady.
Evening star., 1938-08-18
Chicago Cash Market,

Cash wheat, No. 3 red, 81; No. 3
Northern Spring, IS; corn, No.
mixed. 81; No. yellow, 54-541a
No. 4, So; No. white, 54l4; oats,
No. mixed, 2534; No. 8, %; No. !
white, 26-26a.; No. 3, 22-25; buck
wheat, No. ?, 2.25-40; barley, actual
sales, 1896; feed, 1852, nominal;
mailing. 50-66, nominal; timothy seed
country run, 2.75-85; red top clover
7.25-8.25.
Evening star., 1938-08-18

100 Pm 100000 900 PM ----- $4,000
Total Sales for the day. 100000
sActual sales: unit Of trading 10
In bankruptcy recevershp being reorsanzed under
Bankruptcy Act securities assumed By such
=, 5E1 dividend 1rEx rishts a Also extra extras
preterencs ocS or paid this year fpsyabie
n stock Paid last Cash stock Accumulated
dividend oaid declared this
Rates Of dividends the foregoing
extra dividends are not
included. - '
Evening star., 1938-08-18
New Orleans Prices.

NEW ORLEANS. Aug Is dP,.-Cotton fu-
lures opened UNCHANGED to > points net
higher today under moderate buying which
was influenced by favorable foreign mar
kets.
WASHINGTON advices quoted agricultural
oficials as saying the loan plan would be
announced within week and would range
from S.2o cents to $50 cents a pound.
Tyaders. however, were inclined to await
more definite developments before entering
upon new commitments
Realizing and hedging continued during
the morning. but offerings we're taken up
at small net losses by trade calling and
covering.
Toward mid-sesSion October contracts
traded at S34. December at S.39. March
at S.43 May at S.43 and July, $40, or
70 points below the previous close.
COtt0nSeed OIL.
NEW ORLEANS Aug. Is tP.-Cotton-
seed oil opened steady: September. 7.73b:
October. 7.12b; December. LOB: January,
lib; March, 7.19. Bid.
Evening star., 1938-08-18

WINNIPEG, Aug. Is R.-Grain range
Evening star., 1938-08-18

Approximate Soes OF Stocks the NJ Y Stock Exchonoe
11:00 AM 10000 1900 Noon-----. 900
1:0OPM .--- 10000 ZOO Pm ---- 100000
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-12-21
Jap Fishermen
Are Accused OF
Mexican Spying
Charge Applies to Coastal
Areas Near u. S. Mexi-
can Border

MEXICO CITY, Dec. 81. (UP)
japanese fishermen operating in
Mexican waters with permission
of this government yesterday
were accused by the Pilots and
Engineers union Of the Pacific
Merchant marine of spying activi-
ties along the Pacific coast near
the United States border.
The union, in a note to ,Presi-
dent Lazaro Cardenas, charged
that the japanese fishing fleet,
which obtained a concession over
four years ago, is engaged in es-
pionage on the Pacific and espe-
cially along the coasts of Sonora
and Baja California"
3 Both Sonora and Baia Califor-
mia touch the United States along
a 500-mile stretch of the border,
and the two are separated by the
island-dotted Gulf of California
whose waters reach close to
American territory.
The unions note protested that
several earlier memorials to the
president have gone UNDECIDED
and urged that action be taken.
The note declares that the
who in accordance with
their contract with the govern
ment are under obligation to train
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-12-21
BY JOHN L. FLYNN
NEh Service stan Correspondent

WHILE in certain quarters men
=" are talking about building
ornaments to protect our trade in
South America from the Ger
mans, there is a much more in
telligent approach to the problem
plans for financing American
trade with our South American
sisters through the Export-Import
Bank. .,aa. - s--- ,...
One of the first eXertions of this
kind of aid, however, is to finance
large corporation which engages
not in trade between this country
and South America but in indus
trial enterprise within the borders
of South America:
In all this subject of protecting
our trade to the south, we must
remember that there are .two
kinds OF business men doing bust
ness IN South America. There are
american business men and cor
pof%'lons who manufacture goods
IN tne United States and sell them
IA south America. Then there are
lne american corporations which
prooace goods in South America
ana sell them in the United States.
IL Is this last group we have to
De most particular about. There
Is certainly nothing wrong in
Smer->ans investing money in
ooutn American mines and fac
torieS' But there are two very
olStincuy different economic re-
SUITS IN the case of these invest
mentS and those of our home pro-
ouSers who sell TO South America
FIRST, while Americans own
nose South American industries,
aiey are operated in South Amer
can countries. worked by native
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-12-21
MISINFoRMATION

If the Russian press and the Soviet press censors
can swallow that story from Izvestias news CORE
spending in New York regarding the automobile
shortage in the United States-and they seem to
have no trouble in. doing so-we certainly cannot
expect they will be either sensible or accurate
about the news concerning anything from any part
of the world. " go -.' " -~.'-.. 49, 49,
According to the Izvestia's story forty per cent
of all American automobiles are parked on dealers
lots waiting for buyers and the cars in use are SO
oYercrowded that three, four, and even five people
have to ride in-rumbe seats ..,.
People who have been in Russia and who have
talked with Russian people tell us that they have
mass of the most astounding and fantastic misn-
formation about the United States and it's people
This transformation is deliberately planned by the
Soviet government for the purpose Of convincing
the Russian people that they are better off than the
people OF America, who have been for many years
the enved people of all the world for liberties,
our opportunities, standard of living and every
thing else that goes to make people happy and
prosperous ra' - j. '' 49, W.
70 The fact that our happiness and prosperity have
not been one hundred per cent does not make US
less the objects of the worlds envy. Of tfas rs
Compared with all but one or two other. coun-
tries America is the land of hope for an the rest
of the world, and the fantastic and outrageous
stories which the Soviets concoct for their people
to read concerning America and, Americans SHOWS
how well they know it would be, the land or nope
for all Russians if they only allowed 10 learn
the truth about and compareTit with tnef own
awful plight.-Rock Hill tSssC.) Herald
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-12-21
YAUPON TEA: Our reference

! YAUPON TEA: Our reference
yesterday to the yaupon tea bush
among the few evergreens of
coastal Carolina moved the city
editor to peer over his specs and
call for more. 1t is his privilege
to ask for more on subject, cut
down, or, as last resort, throw
it into the waste basket.
Yaupon tea was drink of
southeastern United States that
natives drank when they could
not afford to buy coffee. at is
also written yapon, coupon and
yupon (botanically rex vomitor-
ia). 1t is a member of the holly
family, and native from Virginia
to Florida. The leaves were used
as a substitute for tea and were
formerly used in preparing the
black drink of the Indians of
North Carolina; also called South
Sea tea" says Webster.
Families had yaupon bushes
the same as fruit trees and it fig
ured with more Importance be-
cause it was used almost daily the
year round. 1t was the poor mans
coffee.
In the reverse order of the pop
ular cartoon, / was born almost
too late to have frst-hand &C.
quaintance with yaupon tea. AS
domestic, cultivated plant, grow
ing up to Is feet high, it passed
from general use when | was a
boy. -".
HARD TIMES: The use of
yaupon tea recalls the hardships,
denials and self-Sufficiencies of
those postwar days when there
was little cash for purchases.
l am wondering if the people
then talked about hard times as
they do now when we don't know
the taste of yaupon tea but i'm
port our teas from across the
seas and have it boiling hot or ice
cold; our coffee served hot OF ice
cold, according. to the seasons.
and caffeineless if preferred, and
dated at that, along with postum,
cocoa and other drinks. -.
CRY BABIES: When l think
back upon conditions just one
generation ago and of the hard
Ships of our forefathers have to
come to the solemn conclusion
that we have developed a. great
big family of cry babies, about
one-third of us having hands
stuck out waiting for hand-out,
pension OF something from Uncle
Sam. -.
Shame on this generation!
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-12-21
|, JOHN T. FLYNN

labor and are far more important
10 South America than to us.
Second, in many cases the COR
porations which operate these en-
terprises hold them as concessions
exploiting the natural resources of
those countries. This, too, is quite
all right. But in so many cases
these resources have been obtained
in the first place through many
sorts of practices which have left
a very bad odor among the people
there. -....".-
These industries have done no
small amount of harm in breeding
a dislike for the great giant at the
north which is pictured by the
southern population as being SYM
bolized by the few Americans who
have exploited them.
What America needs now is
trade between our producers and
the producers of South Amer.
lea. We need to sell the output
of our factories there. Selling this
output is a job for the American
producers, their sales forces and
our fnancierS. In that sales effort
our government should give every
reasonable aid which will not pro-
duce irritation among those neigh
borS. One such aid is to finance
export and import transactions be-
tween the two countries. That will
win far more for us than battle
ships. e.
But in doing that we must dis
tinguish between the manufacture
ers and producers who will thus
make trade for us and those large
American corporations which en-
joy monopolies in South American
countries and contribute very lit
tie to trade between nations on
both sides of the equator-con-
tribute more; in t;'ct, ito the irrita-
tions between those nations. ~.
,fCopyricht. 1898. NEA Service Incl
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-12-21
UPWARD

UPWARD, Dec. 21.-Coming
as shock to this community was
the death of Mrs. Minnie Hoots,
wife of Ernest Hoots. She leaves
a host of friends to mourn her
loss. Surviving are: three sons,
Jason, Willie and Edwin; four
daughters, Mrs. Ola Brown and
Misses Irene, Essielee and Mary
Eta Hoots. Her death was due
to measles. ..
Coming as surprise i'll this
section was! the marriage of Mr..
Richard Jackson to Miss Demo
Hudgins. Miss Hudgins, is the
daughter of Mr.. and Mrs. Maylon
Hudgins. They are at present with
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-12-21

Mr.. Jackson's parents.
Mrs. Joe Walden was caller
at the home of Mrs. B. Laughter
recently. ...-.
Mrs. Ira Jackson called at the
home of her son, Mr.. Miller
Stepp, Sunday. Mr.. and Mrs. Vol
lie Jackson also were callers
there.
Miss Usula Jackson is visiting
with her aunt, Mrs. B. NJ. Wal
den, of this section.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-12-21
H00PERS GREER

HOOP noopEEs CREEK. b., \
H Hoo Creek Bsp,i Ds'. :,
will will elect a pastor n o,,,' q,
for the Coming Year. next Ssl
Mrs. Erwin Whitsio,
land visited her si sr@y' " 5
Suttles, last Nondsv' Nh. B
Mr.. Edward Baisnr,n
section and Miss DcI rGe'; ~. q f,
Spring Greek were 81" MY Mdi.:'
cember ). Their ma a,a.'1e: !
wish them a long. a .'or'S + 10
Mrs. Ralph Cation 'ys .Iie
weekend with her p, ,%a' ,
and Mrs. Hogan, Of TRS ,nalEa /
Mr.. Parlie Suites S ~ ca
destroyed by ,iyr W Nci:t =
night of last week. "e''e&
Mr.. Burgan BarnwelI r..
ed to the bedside Of - t;& q,
Mr.. James Barnwcll. wiz h %s
i'll at Bee Tree. W" 3fs
Mr.. Barnie Melton h,
into his new home. ' %
Friends of Mr.. J. 3, W.,
are sorry to learn of Ii. Y; q
He is at the home Of Ii Ii, u
Naples. ''S 50:
Mrs. j. K. and Mrs. D..
Cation visited Mrs. | < ~ ES'
of Mount Zion recently. "
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-12-21

such a degree OF sympathy lVT
that people as has never before
existed. 49,
Something big and fine may
come out of this Nazi deviltry. 1t
may foreshadow a great benefit
cial change. Certainly it is some
thing to, make the .wotld pause
and ponder.
There is one thing the Nazi
bestialities have done for US
Americans = they have made us
thank God we do not live in Ger
many, or that Nazis do not rule
in America.