davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-10-25
Stock Averages
BY VICTOR EUBANK.

NAS"NSiobCu 1908 fluhnCldl writer.
NEW YORK. Oct. 25.-Profit takers
showed stocks around somewhat rough
ly IN today's market, but leading issues
managed to hold on to stable pro-
portions OF early gains running to or
more points.
Steels, tagging during the greater
part of the proceedings came up for
while in late dealings, but failed to
get very far. Some listless motors of
the forenoon developed little
strength. A few rubbers advanced at
the last. Aircrafts and utilities were
favored throughout.
The list got Off to a fast start. with
the ticker tape behind for Sbrief in
terval as overnight buying orders taxed
the facilities of brokerage Offices
Selling soon halted the advance and
best marks were Clipped down. Tha
pace was comparatively slow during
the remainder of the session. Trans
fers approximated 10000 shares.
Recovery forces continued to maine
tain their optimism over the business
outlook and this was apparently trans
lated into renewed purchases on mod
crate set-backs. The opinion was ex-
pressed that the market may have
been correcting itself as it went
along. thus obviating the reaction
which usually follows a sharp upsurge
such as had been witnessed in the past
several weeks.
Buying of American securities from
abroad during recent sessions was SAID
to have been An important bolsterlng
factor for many leading issues.
That idle funds are still plentiful at
home was indicated by todays Offer
ing of s54,500,00O of Wisconsin Elec-
trio Power Co. 3l2 per cent 3O-year
bonds which were quickly quoted at q
premium in the financial sector.
Tilting forward most of the time.
were Douglas Aircraft, Glenn Martin,
Consolidated Edison, North American,
Woolworth, Air Reduction, Du Pont
and Allegheny Ludlum. A number ofs
new highs for more than year were
in evidence
Tardy improvement was registered
for Bethlehem, Chrysler. United States
Rubber common and preferred. Good
year. Mcintyre Porcupine, American
Bosch and Colgate. Wilson Co.. Ar
mour and Cudahy were livelier on the
upside than for some weeks.
Backward were Jhons-Manville
Eastman Kodak. J. l. Case, Dow
Chemical and Western Union.
Evening star., 1938-10-25
CHICAGO GRAIN
BY the Associated Press.


CHICAGO, Oct. 25.-Despite steep
fall OF quotations at Liverpool, the
Chicago wheat market developed rail-
lying power late today. and more than
overcame earlier fractional setbacks.
The reason given for the price drop
at Liverpool-acceptance of United
State yellow hard wheat on Liverpool
contracts-was construed as stimulus
for holders of Chicago wheat futures.
Much of the wheat available here IL
of the yellow hard variety :
At the close Chicago wheat futures
were unchanged to p cent higher
compared with yesterdays finish. De-
cember 657s-s4, May 677s-68; corn 4
cent off to Is up, December 465s-34.
May 497s-50, and oats unchanged to
10 advance
Evening star., 1938-10-25
|. B. A. MEMBERS
co TO CONCLAvE
Investment Bankers to Open
Annual Convention at
White Sulphur.
By EDWARD C. STONE.

Washington members Of the Invest
ment Bankers Association leave here
this evening for White Sulphur
Springs, w. Va, to attend the annual
convention. They will join the New
York, Philadelphia and Baltimore del
egations at the Union Station and
make the trip by special train.
Operation of the Ma1oney Act, which
relates to fair practices in overtime
counter trading. will be given partlcu-
lar consideration at the convention. A
special committee has prepared re-
port covering all phases of the act
and this is expected to be one OF the
high lights of the program.
Members of the association have
already gone on record as anxious to
Cooperate with the Securities and Ex-
change Commission in administration
of the act. In fact, they plan to do
much in the way of self-regulatlon.
George C. Mathews, a member of the
Securities and Exchange Commission,
who has charge of putting the Malo-
ney Act into operation, is one OF the
speakers. A host of other matters
having direct bearing on the bond
business will also receive attention.
The Washington contingent will in
clude Y. E. Booker head of the invest
ment firm bearing his name and
member of the associations advisory
council; James Parker Nolan, partner
in Folger, Nolan & Co.: James H.
Lemon, partner in Johnston, Lemon
Il Co.. and Kenneth S. Wales, head
of K. S. Wales & Co. All four flnan-
ciers have been active in the invest
ment business for years and leaders in
the Washington Bond Club.
George M. Ferris. head of an invest
ment firm by that name and an officer
in the Washington Stock Exchange.
will attend the latter part of the White
Sulphur convention.
Potomac Power Output Gains.
Latest reports from the Potomac
Electric Power Co. compare favorably
with similar statements from other
parts of the country which show
steady increase in the demand for
electricity.
The power company reported an
increase of 5,093,884 kllowatt-hour
sales in the District of Columbia in
September. or an advance of 9.05 per
cent. Kilowatt-hour sales totaled 61.-
393,990 for the month. With one
exception this was the best record of
any month in 1888.
The following comparisons disclose
that power output in every month so
far this year has been substantially
ahead of the corresponding month in
1887:
Evening star., 1938-10-25
new YORK COTTON
~ the Associated Press.

NEW YORK. Oct. 25.-The trend in
cotton was again reversed today as
near months held steady on trade buy
ing and distant positions sagged un-
der hedge selling.
While December advanced from 8.41
to 8.46, next October eased from 1893
to 7.87, leaving midafternoon prices s.
points net higher tn & lower
Evening star., 1938-10-25
TRY GOODS MARKET.

nj rORK. Oct. IS fP.-Demand for
eottc- ay goods was s!ishtly better and
prices we're stronH today. Percales sold
In larser amounts Raw silk was steady
Rayon. yarns sales improved Wool goods
markets were acti9e and prices continued
- advance. Burlap was quietly arm.
Evening star., 1938-10-25

Baltimore Quotations. -
q BALTIMORE Oct e5 tP.-Wheat. No.
:. red winter. earlicky, spot domestic eA
Evening star., 1938-10-25

Continued on Page Aid
Evening star., 1938-10-25

August Makes Loan Record.
Edward c. Blatz, president of the
United States Building and Loan
League, said today that savings, build
Ing and loan associations disbursed
more money to home-owners in August
than in any other month this year
and added that larger percentage
of these funds went into new homes
than in any previous month in 1888.
He concludes from this that confidence
In the outlook for real estate. jobs
and security has improved greatly
In recent weeks Every month since
April has seen more and more money
going into home construction.
In August 81 out of every $3.50
loaned went into home construction,
according to reports from the Federal
Loan Bank Board Mr.. Blatz believes
that the better business conditions
now prevailing will mean the con-
tinuing of the present growing activity
in the home building field.
Subscriptions End Tonight.
The Federal Reserve Bank of Rich
nond has notified Washington banks
that subscriptions for the Is per cent
Reconstruction Finance Corp. notes
mailed before midnight tonight will be
entered on the books
Washington firms had good-siZed
quotas of the S2,5OO,00O Carrier Corp.
Az per cent debentures which were
placed on the market today. Hemp
hill, Noyes & Co. headed the syndicate
The October Is statement of the
Federal Savings & Loan Association
shows that during the six-month pc
riod since April a total of ST .564, ,487
has been placed in new first mortgage
home loans. Carl H. Ellingson, execu-
tive manager. states that sales totaling
$282,776 on real estate have been made
on property held by the association for
SALE
The Nashville Clearing House has
forwarded to the Nominating Commit
tee OF the A. 3. A. resolution adopted
at its last meeting urging considera-
tion Of P. D. Houston for the second
vice presidency of the A. B. A. Mr..
Houston, chairman of the American
National Bank, is one of two leading
candidates for the post. The other is
w. Laird Dean. Kansas banker
Washington Gas Stock Active.
Washington Gas Light preferred
stock led trading on the Washington
Stock Exchange today, remaining
strong and opening with 20-share
sale at 10l, unchanged. Later five
more l0-share and one 5-share lots
changed hands at the same price, the
days turnover reaching IS shares.
Capital Transit stock also appeared
on the board today, a 47-share block
changing ownership at 8. same as the
last pervious sale. Bonds were neg
lected. Anacostia g. Potomac River
R. r. SIS. 1949. closed with 81 bid and
30 asked. City g. Suburban SIS wound
up the session with 81 bid and no
holders willing to sell for less than 80.
Public interest in New York stocks
Is on the increase. judging by the
growing attendance in the brokerage
houses in the financial district. The
movement of the tape most of the
time indicates the same situation.
The Wall Street Journal predicts
that the North American Co. will earn
Sl.60 on the common stock this year
against s2.05 year ago and adds that
the company has recently witnessed
better earnings trend.
M. w. Kellogg. director in the
American Ice Co.. has been elected
director in the Guaranty Trust Co.,
New York.
Evening star., 1938-10-25

Chicago Cash Market.
Cash wheat No. 2 red. 65A, poor:
No. 4 hard, 64A; No. yellow, hard.
6ls4 No. mixed. 62A weevily. Corn,
No. / mixed. 461f; No. l yellow, 46s.-
47A; No. 3. 45l2-A: new, No. mixed,
43; No. yellow, 46-4714: No. S, Al;
No. /, white Al; No. 2. 46. Oats, No.
3, white, 24-25A No. 4, 2l12-2314.
Barley, Illinois, 1896: Michigan and
Wisconsin, 40-70 nominal. Buck
wheat, No. l. l.27. Timothy seed,
1885. Red clover, IL 1.0Oa14.OO. Red
top, a75as.2o. Soy beans, No. 2, yel-
low, 73A; No. 3, 72A -73K4.
Winnipeg Prices.
WINNIPEG. Oct. 25 Er.-Grain range
~. High. Low. Close. close. close
Sct' Et' .b0hs 59Ia .6Ols 607s
Zee. ----- .59as .5S7s .59i4 .6O-6Oh
May .63b .62h 62ss 63's
Dec. .27h .27 .27h .27A
Baltimore Quotations. T.
. BALTIMORE Oct e5 H-Wheat. No
= RED winter. earlicky. SPOT. domestic e3S.
Evening star., 1938-10-25
oints net higher to 6 lower.
~ Ni' '7' e '''
New Orleans Prices.

New Orleans Prices 3
NEW ORLEANS. Oct. 25 ,P-Cotton
futures opened unchanged to 4 points net
higher today in response to steadier for
eign markets trade buying and covering. 4
hedging and profit taking increased. and
toward the end Of the first half hour the
market was steady, l point net higher to
points lower
Cottonseed oil opened steady: October.
,20b December: lib: January. 723b:
March, lib: May. 1.4Ob. Bid.
Evening star., 1938-06-05

Local. Students Ar e
Am ong Talented
Performers.

ticed frantically during the remaining
days, but he could not make up In 30
short . time for the summers neglect.
He Is coming back this year deter
mined to earn" and to "get."
The great aim Of the camp is to de-
velop = well-rounded young person.
The intensely earnest worker who
wants to practice all day Eyes. such
children exist). learns the joy OF out
door sports and living. and the. ath-
letic type learns the beauty and in
terest concealed in that rather grim
word, culture. At present very few of
these musical camps exist, and this Is
the only one linked with our city. Mr..
Hoy hopes that his camp may be the
forerunner Of coast-to-coast move
mert.
TEN young people from Washington
were with him last summer, learn
ing the worlds great music in worthy
setting OF splendid natural beauty.
Any one who has studied out Of doors
knows how much easier it seems to
learn with the bright sky over ones
head, trees rlstling nearby, and the
Evening star., 1938-06-05

the summer with his family on the
shores Of Lake chateausay. Mr.. Hoy
went to him for advice, and he sug-
gested that Mr.. Hoy transfer to the
University School Of Music at Ann
Arbor, Mich. where he could get q
college education along with a thor
ough training in music. This he ac-
cordingly did and graduated from
there in 1921.
When Mr.. Hoy first came in contact
with good music teachers he realized
the inadequacy Of his early training
and he determined that some day he
was going to do something to help
young country people who were born
musicians and had no opportunity for
training. In the years since then the
New York school system has immensely
improved its music course, and it Is
not so difficult for the country boy
or girl to get good musical educa-
ton, but Mr.. Hoy was convinced that
there was something he could do, too.
After long period Of probation, In
Evening star., 1938-06-05
Riverside Museum,

Mr.. Louis l. Horch. president 81
Master Institute Of United Arts, $40
Riyerside drive, New York, announces
q change in policy Of the institute
with regard to exhibitions.
The 1000 paintings Of Nicholas
Roerich which were formerly on ex-
hibition in these galleries have been
removed. Yesterday the galleries
were reopened and will be called
hereafter Riverside Museum. The
opening exhibition contains 66 paint
ing and rs pieces of sculpture Of con-
temporary American artists and an
other section Is devoted TO q collec-
ton Of Oriental paintings, sculpture
and are objects.
1t is the purpose of the trustees of
the museum to provide cultural and
educational center on the West Side
for the appreciation of works Of fine
art
Evening star., 1938-06-05

pYLE was remarkable teacher, and
his school at wilmington more
nearly approached the atelier Of the
Renaissance master than anything Of
Its kind In this country In these later
days, save. perhaps, that Of the sculp-
tor, dorado Taft. in Chicago. From
the Pyle Studio have come such
painters and illustrator as George
Harding. Thornton Oakley, N. c.
Wyeth, Frank Schoonover, Stanley
Arthurs and Clifford Ashley. All OF
these men were taught to draw, to
observe. and to conserve In their works
the spirit Of the subject. Howard Pyle
was author As well as illustrator and
mural painter, and the themes he
loved best were those that had to do
with the history of our country. This
love. and Pyles spirit toward his work.
are reflected today In the works Of al
his pupils-than which there Is NO
higher tribute.
In his book on Mural Painting in
America" the late Edwin H. Blash-
fleld, for many years dean of mural
painters, stressed the fact that while
each generation thinks its own art the
only art worth considering. the funda-
mentals have changed very little from
age to age. The present tendency Is,
undoubtedly, to discount and overlook
the art of the immediate past, and
especially in mural painting are We
led to suppose that only within the
past 10 years has 1t come into its own.
And yet here in Washington We have
some outstanding examples Of mural
painting at its best. such for instance,
As the panels by Jules Guerin in the
Lincoln Memorial and the lunettes by
Simmons. Walker and McEwen, and
the ceiling by Blashfield in the Lii
brary Of Congress. which was the first
Government building wherein mural
paintings were included as part OF the
integral design. Passing from q period
Of rather weak illusions We have i'm
petuously swung into one Of erase
realism. in connection with which
emphasis has been laid upon uglifica-
tion. The straight and narrow path"
Is between-strength with beauty
truth so presented that it leads to
higher levels. Nature at this time OF
year manifests the power to renew
beauty. In abundance. To man this
power has also been given. This
when strength and beauty 60 hand in
hands art. the kind Of art we want
placed permanently on the walls of
our public buildings.
Evening star., 1938-06-05
REFUGE FOR DESTITUTE GIRLS
Local Organization Establishes Home Sixteenth Street for Young
Professional Women Stranded in Capital
While Job Hunting

they had received in their home
towns. Others arrived with a few
dollars ahead. thinking that they
would surely find jobs here. Definitely
not the type TO seek charity, they have,
as their funds dwindled away, ac-
cepted room and food with some
casual acquaintance-perhaps the
family Of former co-ofiice worker
while they tried to find some work.
Others. not so fortunate, have been
found using the women's rest room
at the Union Station. or have begged
officers in the women's division Of the
local Police Department to allow them
to stay at the Detention Home There
have been many unreported attempts
at suicide-the policy of the local
papers and the Police Department has
been to play down such news. because
OF real desire to protect the girls
future.
Efforts to persuade girls to 60 home
when their Washington chances seemed
to be vague have not been marked
with success. Having had q taste
Of Washington life, they are reluctant
to give 1t up. Furthermore, there
appears to be q deep-seated fear in
the heart Of every young professional
or business woman that to 20 home
and confess failure means the end
for her Of everything she has worked
for and dreamed Of accomplishing.
A 8 IN the case of Hollywood, where
parallel situation exists, q cam
paign has begun to publicize through
out the country . warning that girls
should not come TO Washington seek
ing jobs unless they are financially
prepared for what may be long. dis
heartening wait.
Likewise, rs In Hollywood, it has
been recognized that such publicity
y insufficient to meet the problem.
In Hollywood, q centralized organ
isation seeks to place stranded girls
In private homes where kindly citizens
have indicated that they viii help out
In meeting the situation. Neither
Evening star., 1938-06-05
BY Leila Mechlin.

"M last two Of the 10 pairs Of
mural paintings. commissioned
for the main elevator lobby Il
= the new Post Once Depart
uaent Building. have lately been COM
pleted. bringing this large project,
under the Painting and Sculpture Sec
ton Of the Procurement Division Of
the Treasury Department, to conclu-
sion. These latest acquisitions are,
respectively, the work Of George
Harding and Doris Lee. and are both
On the sixth floor, one In the south,
Tie othsr IN the north lobby. Miss
Lees are painted on canvas and At
hxed to the wall; Mr.. Hardinss, to
the contrary. are painted directly on
the wall in what appears to be true
fresco.
The entire series. subiectively, re-
iates to postal activitie.-in the past
and OF today. Looking Backward. the
record begins with pictures by Karl
Free Of French Explorers and In
dians," and OF the Arrival Of Mail
In New Amsterdam" Chronolosi-
SoAy, SSoA &c I1di uiil6 pdklClS, QCplCt.
Ing franklin and His Administration
OF the Post and OF Carrying Des-
patches In the Revolution" come
next. Then come graphic presenta-
tions Of the hazards OF mail carrying,
during the western migration, by VIII
liam Palmer-"Stage Coach Attacked
by Bandits" and Covered Wagon At
tackled" and by Frank Mechau-
Pony Express" and Dangers OF the
Mail"-all four themes presented with
hair-raising horror. Finally, Ward
lockwood closes the chapter with
panels setting forth the Opening Of
the Southwest" and the Building of
the Railroads
The modern bandit and mail robber
seems to have been forgotten. The 10
panels representing present-day mail
service include pictures OF Post OF.
hce Work Room" and transportation
OF Mail" by Alfred Crimi; Sorting
Mail" and Transfer OF Mail From
Liner to Tugboat," by Reginald
Marsh; Mail Service in Puerto Rico"
and Mail Service in Alaska" by
Evening star., 1938-06-05

greater and more imposing in stature
as the years pass. Especially Is he
TO the fore In these days as an ex-
ponent Of democratic simplicity and
the friend Of the poor Richards" who
make up the bulk Of the public. States
man, politician. diplomat, scientist
publisher, printer. economist. author,
empire builder-the name Of Benjamin
Franklin Is known around the world
ana, ~ the times move on, his fame
becomes more firmly established. On
May 10. IN the Franklin Institute,
Philadelphia. . collosal statue Of
Franklin, seated, the work Of James
Earle Fraser, was. ceremoniously un.
veiled. This statue is IL feet In height,
OF white marble. and represents Frank
lin In his old age, but still Alert and
keen. Philadelphia has also TAFT Nc
Kenze's fne conception in sculpture
Of the Young Franklin" stepping
briskly out into life. his worldly goods
tied up in . kerchief swung over his
shoulder on stick. Paul Bartlett
also, 1t will be remembered, did 4 fine
seated statue Of Franklin, which before
coming to Its ANAL permanent resting
place, made q triumphal tour Of cities
on the Atlantic seaboard. Most lately
1orack. Russian born, American by
adoption, has. under commission, done
. standing statue Of Franklin for the
Postmaster Generals ONCE here in
Washington.
or PAINTINGS Of Franklin there
would seem to be no end. Prob
ably the best known and most famous
OF these is that by Duplessis. painted
In Paris about i77S, the year of his
presentation at the French Court
owned by the Metropolitan Museum
Of Art, New York. But very similar,
and equally famous, is that by Joseph
Wright, made few years later, which
Is included in the permanent collection
of the Corcoran Gallery Of Art. While
In Paris. Houdon did . portrait bust
of Franklin which follows the type of
these painted portraits type ac-
cepted then Is now as authentic. In
ITO Franklin wrote to his daughter
Sally g. pictures. busts and prints
tof which copies upon copies are spread
everywhere), have made your fathers
face rs well known as that Of the
moon"
Under these circumstances it is
rather An extraordinary thing that
George Harding IN his painting OF
Franklin in the capacity OF Postmaster
General OF the Colonies disregarded In
the matter Of likeness the traditional
type. To be sure Franklin may have
been supposed to be 10 years younger
In Mr.. Harding's painting. But not
necessarily 50, and the earliest portrait
known, that by Feke, painted about
l748, shows the same mouth and eyes
and the same formation OF bony struc-
ture, that. at later date, Duplessis.
Wright and Houdon delineated. In
other words Hardin's Franklin Is to the
majority not Franklin at all, but an
actor playing his role. This is unfor-
tunate. But even 50 the actor recalls
the original and brings to perpetual re-
membrance an activity Of the many
sided Franklin which might otherwise
readily be forgotten.
In Franklin, the Apostle Of Modern
Times" Bernard Fay. French author
and biographer, has some interesting
things to say Of Franklin As Postmaster
General Of the Colonies, and OF how hts
duties in connection Herewith put into
Evening star., 1938-06-05

TN THIS way Mr.. Hoy is bringing to
: the young people of his State the
opportunities he 20 much desired in
his own boyhood. He ID not, however.
In favor Of many scholarships, for he
has 4 philosophy which he strongly
believes, what you earn you get"
This Is conviction which he ap-
plies to the management of his camp
There was one older boy who had been
very slack In practicing. and in con-
sequence had.not been allowed to play
any solos at the concerts. The final
week Of camp he came to Mr.. Hoy and
asked to appear at the closing concert.
He was told that II his work was up
to standard he could play. He prac-