davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-08-15
BUSINESS GAINS
CITED BY AyRES
Most July Advances Held
and Some Widen, Says
Bank Economist.

Business has been improving for
two months, says Col. Leonard p.
Ayres, economist and vice president OF
the Cleveland Trust Co. Industrial
production and general business activ-
ity we're better in July than In June,
and most Of the gains have been well
held, and some Of them increased, so
far in August"
1T seems proba BILE that the bottom
Of this renewed depression was reached
in June. The depression Is l year
old this month, for it began in August
OF last year. 1t was initiated by a
drastic fall in stock prices. and the
recent beginning Of recovery was
marked by a sudden and vigorous ad-
vance in stock prices.
The present improvement in busi-
ness is unmistakable. but 1t has not
yet lasted long enough to let us know
whether or not 1t Is producing the
developments that would insure a dur
able recovery.
"One important fundamental ele-
ment in its favor Is that we are prob
ably going to have this year one of
the largest agricultural harvests in our
history. The prices will be lower than
those of last year but nevertheless the
prospective abundant harvests con-
stitute most favorable factor in the
economic outlook. The most threat
ening factor Is the danger OF another
great war in the Orient.
Private Financing Lays.
"All our important business recov-
cries from depressions have been
sustained by increased expenditures
by business enterprises for enlarged
plants, improved equipment, and the
financing of new undertakings. So
far in this upturn few signs of such
increases have appeared.
"All recovery periods have been
marked by increased borrowings from
banks. but this time such advances
have not as yet taken place.
The flow Of new funds into existing
and new enterprises depends on busi-
ness confidence in future prospects.
Lavish expenditures OF Federal
money are not adequate substitutes for
increased private investing.
Inventories Are Reduced.
inventories are being steadily re-
duced. but they are still large, and
almost as great as those of 1929 at
the end OF the last prosperity period
During the latter part Of last year.
and during the first half Of this one,
industrial corporations have been re-
stricting their purchases of goods and
materials. and steadily working down
their diversified stocks OF supplies
parts and finished goods This restric-
ton of purchasing has worked back
to primary producers. resulting in re-
duced activity all along the line These
so corporations appear to be reducing
their inventories by about $40, 0,000, 900
quarter"
Evening star., 1938-08-15
FEDERAL LAND BANKS
FOREIGN EXCHANGES.

NEW YORK, Aug IS P.-1nterna tional
money circles took a calmer view OF the
European political scene today and Lead
ing foreign currencies followed more
orderly course.
Enough pressure developed against the
British pound. however. to ring up another
low mark in over year for that unit
with 3 loss Of a Of a cent. Demand TOT
less than last week. and the price was
slightly lower.
The French franc advanced ;oo,. OF 4
cent. LARGELY as result Of Brifish sontrni
authorities acting in place of the French
authority as Paris markets were closed due
to the Assumption Day holiday.
Ouilders gained .01 Of cent ana the
Swiss franc lost as much. The belsa was
UNCHANGED.
lars others in eentO; Great Britain
4.s7,t; 6O-dsy bills. $50: Canada. Mon.
treal in New York. 9a.5Ili: New York IN
Montreal ioo4s2lt;i Belgium. ndgmn. 5se'ssss:
Finland. 2.17: France, 2.72,.: Germany,
&C. %: benevolent, ?O.10: travel. 22.60:
Greece. 30; Hungary. 1888; Naly. 5.2612
Yueoslavia. 2.34: Netherlands, 54.bl; Nor
way. 244S; Poland. 1897: Portugal. 80;
Rumania, rs: Spain, unauoted: Sweden,
95.I9; Switzerland, % SO: Argentina,
394sn: Brazil free). ?5.ssn: Mexico
City. aO.2bn: Japan, 2s.4l; Hong Kong.
AZ az: SHANGHAI. 1880
Rates in spot cables unless otherwise in
dieated.
Nominal.
Evening star., 1938-08-15
FOREIGN SITUATION
BRINGS BERLIN SLUMP
BY the Associated Press,

6y the Associated Press.
BERLIN. Aug l5.-Uncertainty of
the international situation. German
newspa pers declared. caused another
slump today on the Berlin Stock Ex-
change
Leading industrials lost an average
Of per cent. Drops in some cases
were as high as 3l2 per cent.
Emphasis in the press on the inter-
national situation rs disturbing
factor is new so far as Nazi theology
Is concerned.
Walter Punk, minister of economics.
In his maiden speech last March and
again in June. took the position that
Germany was peaceful island un-
affected by events around her.
Evening star., 1938-08-15
CRUDE OIL PRICES.

TULSA Aug Is P.-Bsse crude oil
prices: Mid-Continent sres-oklahoma :
North Central and west Central Texas,
sravity scale, asc to ri 20; East Texas
81 .35: West Texas CPermisn Basin,; srsv-
fly scale 1sc to 81 Os: North Louisiana i
Arkansas srsvity scale. a0e to S1.22;
Rocky Mountain area-Salt Creek, Wyo.,
gravity scale, 81 .O6 to 81 80.
Eastern area - Pennsylvania Grade
bradford -Alleehany,. 81 so: same grade
in Southwest Pennsylvania lines. S1.46;
same Grade in Eureka lines. S1.40: same
grade in Buckeye lines. Sl.30. Corning,
Sl.11.
Evening star., 1938-08-15
FASTER PACE SET
At STEEL PLANTS
Institute Finds Operations
One Point Higher at
40.4 Per Cent.
~ tie Associated Press.

BY TIE hSSCc!bted fress.
NEW YORK, Aug. l5.-Operations
in the steel industry for the current
week will advance / point to 40.4 per
cent of capacity. compared with 1874
per cent last week, the American Iron
e. Steel Institute estimated today.
A month ago operations were at the
rate of 36.4 per cent Of capacity, while
year ago they were 83.2 per cent.
The indicated small gain lifts the
average operating level to the highest
since the first week of November when
1t was Al per cent.
Since the trend of rising activity
started after the July holiday, opera
tions have recorded a gain in each
week with the exception of the period
ended August when the ratio was
down four-tenths of / per cent.
Evening star., 1938-08-15
CHICAGO PRODUCE.

25A -e6h;- extras Ge2>. 2bis; extra first,
.eo-9p. 25-2bA; nrsts $3.50, 2eH-
ards 100. centralized csrlots). IS.
EGGS, 71OT: steady. Fresh-Rraded ex.
ira frsts, local and cars e1h: hrsts
local. 90; cars. 20ia; current receipts
1871
Poultry. live. ! car. 81 trucks: easy
Hens. An lbs. up. In; under AZ lbs
l6s Leehorn hens. IL; broilers, colored
horn. 2 lbs. and under. l3hz; over . lbs
l2t2; springs. under lbs, colored. IA;
Plymouth and White Rock. l6: lbs. up
colored. 15la; Plymouth Rock. 11h: White
Rock. IA: bareback chickens. II: roosters
i3la; Leshorn roosters. IA; turkeys. hens
Ia: toms -: No. turkeys. IL: ducks
IL; geese. old, 13: young. is.
Evening star., 1938-08-15
U. S. TREASURY POSITION.

This position of the Treasury August l2:
Sl5 25s,boo.55; net BALANCE. 81. c30.-
SA. e42.e1, including S1,63e, $50. .1a3 OF
working balance: customs receipts for the
month. Sill .l692s4. 4.5p
Eeceirts for the fscsl year fsince July
- Se41s 734 $40 30. expenditures 81.
Of emerFeney expenditures: excess OF ex-
penditures S4e0. 4sa 5a7 ,aa; gross debt.
s37,36l9tf. 14oSs an increase of So
sos s24.13 above the previous day: gold
aesets. S13.040. $50. 0.0fs.o9.
Evening star., 1938-08-15
u. S. DOLLAR CONTINUES
ITS WAITING ATTITUDE

by tEe Hssoc1eted Press. ass
LONDON. Aug l5.-The United
States dollar continued it's waiting
attitude IN foreign exchange dealings
today. The unit finished s4.87is to
the pound. unchanged from the pre-
vious close. In comparison, sterling
in New York over the week end was
s4874.
French francs ended net unchanged.
1887 TO the pound.
Evening star., 1938-08-15
NEW YORK SUGAR,

NEW YORK. Aug IS lP.-Susar fu-
lures held generally steady today. espe-
covering and buyins By trade and com
s septemSsr No. 8. after selling at 1.s2,
1872. leavins the list / to points net
hisher around the BEGINNING of the last
hour In the No 4 contract September
sold at OBS and May At 1.O5l1, or net
unchansed with business mostly switch
ina from September to later positions.
Evening star., 1938-08-15
BOSTON WOOL MARKET.

BOSTON, Aug. Is Up Omitted States
Department Of AereutureJ Compare
lively few bids were being received on
domestic wool in the Boston market to-
Arm compared with the close Of last
week. A few buyers were showing an
interest in good French combinf lenrthA
nne tsfrttory vools IN original bass, but
they did not want to pay ever a3 cents
secured basis Holders wanted mostly 6b
eA1.x a--A akers te. thass wocls
Evening star., 1938-08-15
METAL MARKET.

NEW YORK Aus Is R.-Copper
steady: electrolytic spot lo.l2R: export
loo TN steady spst .na earss sHo, no %"
York. 4.eO-e5: East st. Louis. AS. Zinc
steady: East 81. LOUIS SPOT and foryard
as5 Pig iren No: f;o.s b Eastern nn Penn
1900. Aluminium. virgin, 90 per cent
20.oo Anttmony. spot 400: ouisksMil- 81
Chinese voiframite, duty paid. 1900
90. 90; nominal.
Evening star., 1938-08-15
HUMBLE OIL BOARD
INCREASES DIVIDEND
y the Associated Press

Fy the ASsOclated PfeSs.
HOUSTON. Aug. l5.-Directors of
Humble Oil & Refining Co. today de-
clsred dividend of 62'2 cents a share
on Capital stock, payable September
to holders of record October /. On
July payment of 37l2 cents was
made, while year ago 62lz cents was
disbursed.
Evening star., 1938-08-15
PANAMA CANAL TOLLS
SHOW DROP FOR YEAR

The Treasury Department reported
Panama Canal tolls for August through
August II totaled s37s,371, compared
with $Se0,34s for the same period last
year. For the fiscal year through Au-
gust IL the total was $2,l55,449, COM
pared with s3.026.Os3 in the corre-
spending period of 1887.
Evening star., 1938-08-15
YOUNGSTOWN TO PAY
PREFERRED DIVIDEND
tha AssnciafaA prass

BY 'he Associated Press.
YOUNGSTOWN. Ohio. Aug. Is
Youngstown Sheet e. Tube Co. an
nounced today the regular preferred
dividend of $l37ls would be paid
october /, to shareholders of record
September 10.
Evening star., 1938-08-15
Washington Exchange
SALES.

SALES.
Washington Gas Ss 1960-&500 at
l19i2.
Washington Gas Light pfd--s at
ss'4. 10 At 93i3, 10 at 9el7, 10 at
esi7.
Washington Loan & Trust Co.-l0
at 235.
American Fire Insurance Colo at
135.
AFTER CALL.
American Fire Insurance Co-l0 at
13S, 10 at l35, 10 at 1875
Potomac Electric g., pfd-3 at 1l4la.
Washington Gas IS l958-S6. 900 at
l0s.
Washington Gas Light pfd.-l at 99i3,
at 9ei2.
Evening star., 1938-08-15
FAILURES TOTAL DOWN.

NEW YORK. Aug. Is tA,.--Business
failures in the United States for the
week ended August IL totsled 22l, q
drop Of II from the preceding week.
but an increase Of SO over 1873 failures
IN the like 1887 week, Dun & Brad
street reported today.
Evening star., 1938-08-15
TREASURY BUYS.

The Treasury announced today it
bought 81 Isl 800 worth of Govern
ment securities for Government trust
accounts in July.
Evening star., 1938-08-15
Du POnt Directors
Boost Diuidend to
Is Gents q Share
Ey the Associated Press.

Ey me Associated Press.
WILMINGTON. Del. Aug. 15.-Di-
rectors of E. l. du Pont de Nemours
e. Co. today declared an interim divi-
dend of IS cents on the common stock,
payable September IA to holders of
record August %. On June IA and
March IA interim payments OF so
cents each were made.
Evening star., 1938-08-15
MONEY MARKET.

NEW YORK AUG. Is lP,.-Call money;
mercial paper. a4-l Der cent. Time loans
steady 60-9O days. Ia: four-six months.
is.rpes !: Pss at so s:F ssn four @
months .t.A per cent; dve.ssx months.
M-!s per cent Eediseount rats New York
Reserve Bank 1 per cent.
Evening star., 1938-08-15
CHOCOLATE SALES DROP

Chocolate manufacturers reported to
the Commerce Department their June
sales totaled $8,847,ll compared with
$9.o9l,7lS in May and S9,l77,655 in
June, 1897.
Evening star., 1938-08-15

r In bankruptcy or receivership or being
reoreanized under the Bankruptcy Act or
securities assumed by such companies.
are annual disbursements based on the
last quarterly or mi-annual declarations.
Unless otherwise noted special or extra
dividends are not included.
Alison extra or extras. Declared or
paid so far this year. no regular rate.
PAYABLE in stock. sPaid last year:
paid or declared this year. Wv With
warrants. XIV Without warrants. war War
rants.
Evening star., 1938-08-15
RUBBER FUTURES.

NEW YoHsfF,Aus. IS op,-crud. rub.
ber futures crsned 1919 !.ve-j sep,embse.
Is. .7sb: December, 15.9s-a9; March, 1907.
Bid
Evening star., 1938-08-15
NEW YORK BANK STOCKS
touotations as Of 2 o'clock)

NEW YORK. Aug Ia tP.-Investment
Bankers Conference. Inc:
Evening star., 1938-08-15
US. TREASURY NOTES.
NEW YORK. Aus. Is lP,.-prtces quoted
Ia dollars and thirty.seconds.
Approx.
d. Asked. Yield.
MONTREAL SILVER.

MONTREAL. Aus. Is lR,.--s,ive. futures
september, I2.sO: December, 4l.a0.
Evening star., 1938-08-15
INSURANCE STOCKS

NEW YORK AuR. Is tP-Investment
Bankers Conference Inc.
Evening star., 1938-08-15

wW-With warrants. xw-Withcut va
rants. n--New. st tstp)-Stamped.
sNegotiability impaired BY maturity.
tCompanies reported in receivership.
Evening star., 1938-08-15

s-Also extra or extras
e-Declared or paid so far this year.
e-Paid last year
Evening star., 1938-08-15
s213,7o0,55s s235.os1 os7 90
Months, Z Mopths. Dec

S1,5os,5sO.3es 81 s18.145,21s
Evening star., 1938-08-15
NEW YORK CURB MARKET
(By privats wire direct to The start

Stock and Sales
Dividend Rate. Add 90. Hirh. Low Close.
AEfa Ansco-----. 400s 361s 3bL 36ls
Air DAvises-----. 81 "A "
Evening star., 1938-05-30
BY Philips
CROSSWORD PUZZLE

rearranse spell the word
fragment.
Letter-Out
CD SALTED-STEAL Gt'S crime).
(R) CORTIS-STOIC (he's member of a sect).
(O ROUBLE-BL deeper color.
(O) ANTERIOR TERRAIN ian area of ground)
(P) PARSLEY SLAYER ne's deadly.
Evening star., 1938-05-30

who seemed happiest. and whom he
loved best, were the hardest workers
of all. He watched Johnny Chuck
dig, and the birds make their nests,
and Jerry Muskrat build his wonder
fu. house, and all of them hunt for
their daily food, and saw that each
one has a part of the work Of the
great world to do, and Is happy IN
doing 1t. Later he made great dis
covery. It was that when he had done
his share Of work well and cheerfully,
he enjoyed his playtime q hundred
times more than he possibly could
have, had all his time been play
time. So then he began to find plea-
sure in work, and found that the
better his work was done, the greater
the pleasure he felt.
It was several dags after he found
out that Mrs 0uaek was coming st
Evening star., 1938-05-30

of Paddy the Beaver, and almost the
first thing he saw was Mr. Quack,
lazily swimming about. the very pic
t,re of contentment. Presently Paddy
the Beaver swan across to his Won
derful house in the water and dis
appeared. :,
Farmer Browns Boy waited and
waited, but there was no sign OF Mrs.
Quack. For q whole hour he lay there
watching. He saw Paddy come out
again and swim across to his dam
and leave there a stick from which
all the bark had been stripped. He
saw Mr.. Quack 60 ashore at little
low. open place. and settle himself for
a sun bath. But still there was no
sign Of Mrs. Quack. Farmer Browns
Boy chuckled to himself.
II know your secret. old fellow. and
vfp't tell = single SOUL" thought
Evening star., 1938-05-30

night to feed on the corn he scat
tered among the bulrushes Of the
Smiling Pool and then flying straight
into the Green Forest, before he had
a chance to visit the pond Of Paddy
the Beaver. He was fairly itching
with curiosity to know II, as he
suspected, Mr.. and Mrs. Quack had
decided to make their home there for
the summer, and Is he worked he kept
thinking Of them 1T will be splendid
If they have said he. They will
be perfectly safe there unless Reddy
Fox Is smart enough to catch them.
Smart as he is. don't believe he
Is smart enough for that. One thing
is sure. and that is no. men or boys
will frighten them If / can help It.
I'd like to make friends with them,
but they have been shot at 70 much
that I am asfraids they never WI
Evening star., 1938-05-30
trust me. Anyway, I'm going to try"
The yerv first chance he got he

trust me. Anyway, I'm going to try"
The very first chance he got he
started for the Green Forest, his
pockets filled with corn. It was
long tramp over to the pond of Paddy
the Beaver. but he enjoyed It,. for
there was so much: to see and hear.
AS he drew near the pond he took the
greatest pains not to make sound.
He had learned by his visits to the
Smiling Pool how watchful Mr.. and
Mrs. Quack are and how very, very
dimcult 1t Is to get near them when
they are suspecting danger. And he
knew, too, that there would be an
other watchman on guard with nose
and keen ears testing the air for tell
tai. scent and listening for the tiniest
suspicious sound. And he knew that
that watch han would give warning by
slapping 3 water vith crest broad
Evening star., 1938-05-30

tail the very instant he suspected
any one coming. That watchman was
Paddy himself.
So Farmer Browns Boy took care
to see to it that the wind was blow
ing in his face and 50 from the pond
toward him. Then 1t could carry no
telltale scent to Paddy's keen nose.
And he took the greatest care to
put each foot down softly, and not
to rustic single dried leaf or break
. single tiny fallen twig.
Presently he began to crawl from
tree to tree. It was siow work, but
it was very exciting. You see he felt
that he was matching his wits and
skill against the wits and wonderful
senses Of the little wild people he was
hoping to see. At last he reached .
place where by peeping over an Old
log he 4uld see all over the pond
Evening star., 1938-05-30

There had been q time when he
thought it was very dreadful that
he should have to work, and he had
envied the birds and all the little
people of the Green Forest and the
Green Meadows, because he thought
they had nothing to do but to play.
As he learned to know his little
neighbors better, and to love them.
he little by little discovered that they
had to work. every single one Of them,
or they could not lis and that those
Evening star., 1938-05-30
Willard
BY Edqor Rice Burroughs
BY S. L. HuntIey

he. you've got q nest hidden some
where here and Mrs. Quack is on
it. I'd like to find 1t, but I'm not
going to try. No sir. I'm not going
to try, for If did, you would worry.
and I guess you've had worries
enough" And with that Farmer
Browns Boy stole away as softly as
he had come.
(Copyright, 193s.)
Evening star., 1938-05-30
) Little Stories for Bedtime
By THORNTON w. BURGESS.

BY THORNTON w. BURGESS.
EARMER BROWNS BOY was very
= busy these beautiful spring days,
for the good brown earth had to be
prepared for the seeds, and the seeds
had to be planted, and in all this
Farmer Browns Boy had share, and
was glad. for he had learned the
joy that comes with work well done.
Evening star., 1938-05-30
Mother Cat Nurses Four Coyotes.

McFADDEN, Wyo. @.-Mrs. Iven
Corder of McFadden Is raising .
strange family Of pets. Her white
Persian cat, SNOWFALL, has adopted
four tiny coyotes found in den. The
cat had just had kittens. which were
taken from her. and she began nurs-t
ing the young coyoteA z
Evening star., 1938-11-10
Peek Chapel Bought
For Boys Club Use

The Rotary Club has bought the
church building known as Peck
Memorial Chapel, at Twenty Eighth
street and Pennsylvania avenue from
Covenant First Presbyterian Church
to present the structure to the Boys
Club of Washington as a clubhouse,
1t was learned today
Last services of the chapel were
held last Sunday, and a farewell re-
ception is planned for tomorrow
night, when the chapel congregation
will pay tribute to its pastor, Rev.
r. w. Ketcham.
Plans for the farewell are in
charge of Mrs. George LEM. Miss
Jessie Stratton will be mistress of
ceremonies.
Although the chapel congregation
will close its church affairs with the
farewell tomorrow night, the Boys
Club will not take over the building
until December Is.
The Rotary Club, which pur-
chased the building for the Boys
Club now is headed by A. F.. E.
Horn, president.
Evening star., 1938-11-10
Republican Victories
May Bring Revision
Of Farm Program
Guins in the Midwest
Attributed to Unrest
Over Legislation

~ the Associated Press.
Widespread Republican gains in
the Midwest, attributed in q meas
ure to farmer unrest over lowered
prices, probably will lead to COM
plete reexamination of administra-
ton farm legislation by the new
Congress.
Agriculture officials, seeing the
Democratic reversals as possible
threat to the crop control law
enacted last winter, prepared for a
stif1 battle to prevent major amend
ments.
Price Fixing Proposed.
There have been proposals for
governmental fixing Of farm prices
at levels that would assure growers
cost Of production plus a profit.
Such prices would be charged for
crops consumed in this country,
while any surplus would be offered
abroad at world prices.
Administration officials believed
their ability to stop such proposals
would depend to a large degree on
winning support of 2,500,0O0 South
ern cotton. tobacco and rice farm
ers for production control programs
for next year.
On December 10, the department
will hold referenda on marketing
quotas for these crops. Approval by
two-thirds of the farmers voting
would be required to impose quotas.
Growers who sold more than their
allotments would then be subject to
stiff penalty taxes and would be
denied benefit payments
= Ofiicials conceded that loss of the
referenda might be interpreted as
evidence that Southern farmers
were dissatisfied with the program.
In Western cotton States such as
Texas, Arkansas, Oklahoma and
Louisiana, price-flxing proposals ap-
parently have gained much head
way.
Farm Law Sponsors Defeated.
Defeat of Senators Pope, Demo-
crat, of Idaho and McGill, Democrat,
OF Kansas, co-sponsors of the new
farm bill, caused administration
leaders to cast about for new agri-
cultural spokesmen in the Senate.
There was possibility that op-
position to present farm laws would
center in coalition of Democratic
and Republican Senators led by
Lee, Democrat, of Oklahoma; Cap
per. Republican, of Kansas and
Vandenberg, Republican, of Michi-
gan. Senator Lee sponsored a price,
fixing measure at the last session.
A congressional battle over farm
legislation probably would revolve
around the question of production
control. The price fixing proposals
would allow unrestricted production,
with the surplus being offered to
foreign nations at whatever prices
they wanted to pay.
Administration farm leaders were
prepared to cite their experience
with attempts to place 100000, 900
bushels of surplus wheat into for
eign markets as evidence the world
does not want large quantities of
American farm products, even at
low prices.
Evening star., 1938-11-10
Auto FeIIs Man, 81,
At Thomas Circle

Edwin H. Walker, 81, of l434 New
ton street NV, suffered possible
fractures of two ribs last night
when knocked down by an auto
mobile at Thomas Circle. He was
sent home after treatment at Gar
field Hospital.
Three persons were slightly in
jured yesterday afternoon in an au-
tomobile accident near the Peace
Cross In Bladensburg, Md. Eleanor
F. Miller, %, and John Miller, Is,
both of University Park, Md, and
Albert Anderson, 81 of Hyattsville,
were treated at Casualty Hospital
for cuts and bruises.
Evening star., 1938-11-10
School to Be Open

Daily celebration Of American
education week at the Langley
School will culminate today in an
open house for parents of pupils
beginning at pm.
Earlier in the day assemblies OF
the upper and lower semester Sec
tions featured musical programs by
the school musical organizations.