davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-02-13
CHAIN SALES SHOW
"a PER CENT DROP
BELOW 1887 LEVEL
Totals of "a Store Groups
and Three Mail Order
Houses Compiled.
BY FRANKLIN MULLIN,
Associated Press Financial Writer.

CHICAGO, Feb. l2-The American
publlc's general merchandise purchas-
ing tempo has toned down to the
lowest level in two years. sales fig
ures of more than a score retail and
mail order distributing organizations
showed today, but it is better than
early in 1886. which turned out to
be good business year.
A compilation of the sales figures of
"a chain store groups and three large
mail order houses showed aggregate
retail sales in January OF s140.6Ol, :
857. compared with S144,082.456 in
January. 1887, decline of "a per
cent.
Aggregate sales of the two largest
mail order houses which do almost
2 per cent of the retail business of
the entire country showed their Janu-
ary business totaled S51.475,O19, q
decline of little more than per
cent compared with January a year
ago, but an increase of 81 per cent
compared with January, 1896.
Lag Starts in December.
Sales of the big organizations began
falling behind those of year previous
in December. Business the last two
months has been a shade lower than
year ago January volume of the
two mail order and retail organiza-
tions were the smallest for any month
since February. 1886
Sales of December and January
just concluded, however, were being
compared with record breaking fig
ures in the previous December and
January. The Christmas trade this
year was not quite as good as that
of the record-breaking 1886 Christmas
season, but most sales executives con-
sidered it very satisfactory in the
light of general business conditions.
Higher prices on some articles, how
ever, were reflected to some extent
in the figures
The Nations biggest mail order and
retail sales organizations, Sears Roe
buck and Montgomery Ward, broke
all previous records in their fiscal
year periods ending IL days ago.
Index Above 1887.
NEW YORK, Feb. II R-Chain
store sales volume declined more than
seaSonally in January, although fig
ures were a trifle above those for
the same period last year, Chain Store
Age reported today.
The publications index for the
month was 1867, with the 1929-3l
average taken as 100, compared with
Ills in December and 1853 in Janu-
ary. 1887.
Variety and apparel chains suffered
the principal sales decreases, the re-
port said, the index for the former
group dropping to 100 from 12l in
December and the latter to 1875
from 1T.
The index for the drug group de-
clined to 134 from 139; the grocery
group figure was 100, virtually un-
changed from December and from
January a year ago, and the shoe
group index advanced to 1872 from l24.
Evening star., 1938-02-13

the committee are c. j. jacobsen,
National Metropolitan Bank; Eliot H.
Thomson, Washington Loan g. Trust
Co.: Thomas NJ. Cohill Washington
Post; Edward c. Stone, Evening Star,
and r. E. Hotze, Washington Herald.
Chairman Taliaferro was member
of the Board of District Commissioners
for some years prior to his connection
with the Riggs Bank. He has been ac-
tive in association work and was chair
man of one of the convention COM
mittees last year He is member of
the District Bar.
Woman Leads Sales Records.
BY selling, for the fourth consecutive
year, a quarter million or more life
insurance. Mrs. L. C. Johnston, of the
Equitable Life Assurance Society of
the United States, becomes Washing
tons first woman to qualify as a life
Evening star., 1938-02-13
UP
QUIETLY DESPITE
SELLING PERIODS
Carrier Shares Take Lead
on Reports of Early
I.C. c. Decision.
DAILY SALES AVERAGE
LESS THAN 100000
Brokers Heartened by Faster Pace
on Rallies and Smaller Volume
on Market Declines.
BY SMITH REAVIS,


NEW YORK, Feb. H. Stocks
lnched their way into higher ground
this week, beset on the advance by
frequent profit cashing and lack of
trading interest.
Carrier shares furnished the back
bone of the upturn. interest in them
heightened by grapevine reports the
Interstate Commerce Commission
would soon render a decision on rate
increases Wall Street was inclined
to believe it would be favorable
The march ahead was slow. with
transfers averaging less than 100000
shares daily. Traders were apparently
awaiting clearer portents Of business
and political trends, and held COM
mitments to a minimum.
Sleepy as the market was, brokers
were heartened by the fact volume
tended to accelerate on the advances
and die away when selling intervened.
There were few occasions when Offer
ings threatened to attain any impor-
tant figures.
Rail Bonds Improve.
Railroad liens advanced steadily in
an otherwise lethargic bond market,
with some of the gains in the Sec
ondary group running 10 points or
more. Domestic corporates managed
to edge ahead. while U. S. Government
issues finished about where they began.
Basic commodities tended to slope
downward, the Associated Press index
OF wholesale staple prices breaking
through to its lowest level since No
Vember, 1884. In the futures markets
wheat and corn were about unchanged
to little lower while cotton pulled
ahead a trif1e. Domestic lead and
zinc were pushed down in the face of
unfavorable January statistics.
Although the securities marts failed
in action, the week provided q
crowded budget of news normally CAL
culated to affect prices.
U. S. Steel Pact Hailed.
OF chief Importance among the
headlines was the new wage agree
ment between U. S. Steel Corp. and
the Steel Workers Organizing Com
mlttee, branch Of the C. /. o.
Provinding for the present scale of
hours and wages. the pact left the
way open for changes with a stipula-
ton for new negotiations on 10 days'
notice by either side.
Another development affecting steel
was a slash of 81 a ton in the nrice NJ
certain sheet products used by the
automobile industry Pressure was
SAID TO be increasing for further cuts,
but producers were resistant.
Enactment by the Lower House of
Congress OF the new agricultural bill
provided flip. of mild intensity
for farm equipment shares. Con-
unued strong export demand for COP
per aided the metal issues.
Evening star., 1938-02-13
NEW YORK GAIN SHOWN
IN COMMERCIAL LOANS

By the Associated Press.

BY tho Associated Press.
NEW YORK, Feb. 12-Commercial
loans in New York turned up for the
first time in months during the week
ended February 8.
Should the rise in the financial
center forecast An increase for the
country as . whole, analysts say 1t
might mean the long defiation Of
these loans has finally run its course.
Commercial. industrial and agricul-
tural loans by Federal Reserve MEM
Der banks In New York City-except-
ing on securities-compared as fol-
lows:
Week ended Feb. o-...--$1 ,48o 900 900
Previous week 1,4S0 900 900
Evening star., 1938-02-13

has been actively engaged in practice
since 1915. specializing in business
finance. For several years he served
as a member of the Board of Ac-
countancy for the District of Colum-
bia. During the past 10 years he has
made several surveys in European
countries in respect to money and
banking.
In his treatment of the subject of
the meeting, Mr.. Buchanan will cover
the comparative effect Of taxes on
business and costs in the past 10 years
and their relation to other costs of
production and distribution. He will
also discuss the future costs of the
public debt and its effect on industry
Evening star., 1938-02-13
HOLDERS VOTE CHANGE
IN CORD CORP. NAME
By the Associated Press.

By the Associated Press.
WILMINGTON. DEL, Feb 1.-THE
annual meeting of Cord Corp. stock
holders here yesterday changed the
name of the firm to Aviation q Trans
portation Co.
The stockholders reduced the author
lied capital from $l0,0O0,000 to
100000 and the par value of the
stock from IS to 81.
TIC following directors were elected:
G. Coburn Darling. Gerald E. Dona-
van, Victor Emanuel, Thomas M.
Girdler, Henry Iockhart, jr.; l.. B.
Manning and r. S. Pruitt.
Evening star., 1938-02-13
LONDON REFUSES
TO ACCEPT WILD
GERMAN RUM0RS
Markets Are Undisturbed
Pending CIarification of
Reich Situation.
BY LEONARD ]. REID.
Slecisl Dispatch to The Star.

LONDON, Feb. l2.-The business
week ends with conditions very quiet
and a general disposition to await a
clarification of the German news. A
satisfactory feature of the markets was
the complete refusal to accept and re-
spond to wild and sensational rumors.
The most favorable trend was the
continued strength of the gilt-edged
issues, for which demand was I'M
abated. However. little interest has as
yet stirred any other section of the
security markets, while most COM
modities moved irregularly, with losses
on the week. Although the German
Army move absorbs attention, market
conditions here remain governed main
ly by Wall Street, and will remain so
unless really sensational news emerges
from the continent.
Stocks Await Clue.
The near future prospects for the
French franc are interpreted more
hopefully The loss of 500. .o0O, 900 in
gold by the Bank of France in its
latest return represents a transfer to
the exchange control fund, which now
regains strong regulatory power.
Equity markets here are IN a strong
technical position, but are awaiting a
lead which could be given only by
european peace prospects or a Wall
Street revival. Regarding the former,
the German equation is imponderable.
but some hopes are held of an easing
OF tension through withdrawal of Ital-
ian troops from Spain, leading to a
further agreement on Anglo Mediter-
ranean interests. Such hopes are based
on a belief that growing financial and
economic stress in Italy will compel
Mussolini to tighten his military COM
mitments.
JObless Cause Anxiety.
British revenue collections con-
tlnue to exceed expectation and
heighten hopes of an easy budget.
However, the January increase in un.
employment was more than seasonal
and causes anxiety.
The greater than seasonal fall in
employment is probably due to the
widespread curtailment of business
plans of three and four months ago.
due to the prevalence at that time of
prophecies Of an approaching slump,
which have since been partly allayed.
Therefore, recovery in employment
is expected, but equity investors await
the next batch of official figures for
proof
Copyright. 1888 by the North Americ an
Newspaper Alliance Inc)
Evening star., 1938-02-13
TALC0TT GETS CONTRACTS.

NEW YORK, Feb. IL Especially -
James Talcott. Inc, has been ap-
pointed factor for the following: Ex-
celia Hosiery Mills, Inc, Stanfield, N.
T.. manufacturers of hosiery; Donner
q Klein, New York City, distributors
OF silks and rayons; Fort Mountain
Chenille Co., Inc. Dalton, Ca, manu-
lacturers OF bedspreads, and Lubin ds
Ham, New York City, distributors Of
silks and rayonA
Evening star., 1938-02-13
FARMERS RECEIVE MORE
FOR TOBACCO OFFERINGS
By the Associated Press.

BY the ASsocia ted Press
RALEIGH, N. c., Feb. 12.-North
Carolina farmers received an average
Of $24.47 a hundred pounds for to-
bacco marketed to February l, the
Cooperative Crop Reporting Service
said today.
This is $l.55 more than for the
same period last season. Poundage
through February / registered 575,-
472,03l, an increase of 1877 ,919, 800 over
the 1896 season.
Evening star., 1938-02-13

and insurance companies Whose port
folios are filled with railroad paper.
While the rebound has technical
derivation, it also reflects the belief in
a freight rate decision by the Inter-
state Commerce Commission that will.
at least, defer occasion for additional
trouble among group of carriers
whose annual fixed charges are out Of
proportion to their normal production
of net income. Stocks of railroads that
are in relatively comfortable circum-
stances showed marked strength at
times during the week.
The arguments in the rate case
Evening star., 1938-02-13

of Washington
Chapter, to be
held at the Will
lard Hotel, next
Saturday eve
ming. it was an
n ou &c e d here
yesterday.
B n, reared
and educated in
Chicago, he is
now a S S S t a n t
vice president of
the City National
Bank e. Trust Co.
He has been very
active in Chicago
Evening star., 1938-02-13

nual Convention
of the District of
Columbia Bank
ers' Association
according to for
NAL announce
ment made yes
terday by Thomas
j. Groom, presi-
dent of the asso-
citation.
w i'll ard G..
Barker, president
of the M orris
Plan Bank, has
been named vice
chairman. The
0ther nsApoherS of
Evening star., 1938-02-13

member of the
Quarter Million
Round Table of
the National As
sociation of Life
Underwriters.
S he attended
the Boston con-
vention in 1886,
the n on a |
gathering in Den
yer in 1887 and
won the all-ex-
pense trip offered
by her company
to Miami, Fla,
having led the
Arencv here in
Evening star., 1938-02-13
DECLINE is REVEALED
IN STORE COLLECTIONS

E. the Associated Press.
Department store collections on open
accounts dropped from 47.1 in No
vember to 45.4 per cent in December,
and installment account collections
dropped from 1876 to 1874 per cent, the
Commerce Department reports.
Evening star., 1938-02-13
FINANCING TO DECLINE.

NEW YORK, Feb. IL R.-New
financing scheduled for next week by
2 States and 80 municipalities totals
$6, 700, ,583. compared with the revised
total of $44,168,452 for the past week,
the Bond Buyer stated. Weekly aver
age Of new offerings for the year to
date now stands ut $24, ,926, $685..
Evening star., 1938-02-13
FAMILY SPENDING SHOWN.

NEW YORK. Feb. IL (SpeciaD -
The average family spends 35.6 per
cent Of its income for food, IT'S PEI
cent for housing, 14.6 per cent for
clothing and So per cent for recrea-
ton, according TO recent estimates.
Evening star., 1938-02-13
$4,000 A MINUTE SPENT.

The lis, 900 separate taxing units in
the United States. including Federal,
State, county, municipal and town.
ship, are spending An estimated $780,
900 . minute, or $l7.000, ,000, 900
year, according to the Department Of
Commerce.
Evening star., 1938-02-13

er at the Febru-
ary meeting of
w a S h i n 6 t o n
Chapter, National
A S S o C iation of
Cost Accountants
Wednesday eve
ming at the Ham
ilton Hotel. His
subject will be
TAX Trends and
Some Effects Up
on Costs"
Mr.. buchanan,
one of the leaders
in the account
a ncy profession
in w as h ineton,
Evening star., 1938-02-13

national organization and has served
four terms on the Educational Com
mittee of the Illinois Bankers Asso-
citation.
Acceptances for the annual dinner
are we'll over the 900 mark, Robert
H. Lacey, general chairman, an
nounced yesterday The prediction
was made that reservations will be
closed tomorrow in order to provide
proper accommodations for a ca
pacity attendance.
Evening star., 1938-02-13
TILE SHIPMENTS SCORE
ADVANCE DURING 1887

BY the Associated Press.
The Census Bureau reports ship
ments of floor and wall tile increased
15.5 per cent In quantity and 1T per
cent in value during 1887 to 47,604,204
square feet, worth $lS,641,143.
Evening star., 1938-02-13
STEEL CASTINGS RATE
SHOWS LAG IN YEAR
Ey the Associated Press

Ey the A8S0clAted PreSS
Because Of q year-end slump to 22.7
per cent, manufacturers Of commercial
steel castings averaged operations at
6l.3 per cent Of capacity In 1887. q
decline Of 30 points from 1885 the
Census Bureau says.
Evening star., 1938-02-13

have been completed. The case is now
before the commission for decision.
General expectation is that this will
be reached early in March.
1t is understood that the idea of
pooling the revenues of the bituminous
coal roads, whose earnings are now
sufficient to distribute large dividends
to their stockholders, has been aban-
doned and that three Of these systems
have tentatively agreed to make a
voluntary cut" with their connections
tSee SPEARE. Page E-2)
Evening star., 1938-02-13
NEW YORK LIVE STOCK.

NEW YORK. Feb. 12 d4p Estate Depart
ment Of Agricultural. .--Vealers and calves.
$40, including $50 direct Nothing done
on load of Tennessee vealers; bidding
lower market nominal
Other classes live stock nominal Re-
cepits. all direct-Cattle. 1850: sheep and
lambs. 5000; hogs, 3.O1O.
Evening star., 1938-02-13
CURDA Will TALK
ATA.I. B. BANQUET
National President of Institute to
Be One of Speakers at 33d
Annual Event.

Frank R. Curda, national president
OF the American Institute of Banking,
will be one of the principal speakers
at the thirty third annual BANQUET
Evening star., 1938-02-13
BUCHANAN SPEAKER
FOR ACCOUNTANTS
Head of Georgetown q. Depart.
ment Will Address D. C. Group
on Taxes and Costs.

William Gordon Buchanan, head of
the department of accountancy and
business administration at Georgetown
University, will be the principal speak
Evening star., 1938-02-13
Recovery in Carrier Bonds
improves Market Prospects
Reflects Belief That Favorable |. C.. C..
Freight Rate Decision Viii Auert
additional Finance Troubles.
BY CHARLES F. SPEARE.
BY
Special Dispatch to The Star.


NEW YORK Feb 12The encouraging financial
situation this railroad
been state OF panic and had offered good securities
reganed their with the
senimentaly important standpoint of public
which
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-05-26

The Treasury didn't say how
much of tor could it be all
has gone into the seemingly
bottomless tax we'll.
And speaking of the depreS-
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-05-26
Speciul Licenses To
Save Thousands Of
Montdnd Trout

Sportsmen of Montana are
offered a chance to help con-
serve Montana's fishing streams
and lakes from depletion thru
the special $500 Sportsman's
license offered by the State
Game and Fish commission this
year. State Game w d e n
James A. Weaver is appealing
to all true conServationiStS to
cooperate in the plan offered
to help finance the building of
fish screens on irrigation dit
ches that annually lead thous-
ands of trout to destruction.
The federal government has
appropriated $4,000 for the
construction of fish screens on
its reclamation projects, John
w. Schofield, superintendent of
fisheries points out. The fund
was obtained through the eff
forts of Senator B. K. Wheeler
to get the appropriation includ-
ed in the annual appropriation
bill. However. all of this money
will be spent by the Recama-
ton bureau to screen bitches
leading from streams and lakes
under the jurisdiction of the
bureau.
To further this worthy con-
servation measure, the commits
sion has authorized the issu-
ance of special $500 licenses to
include REGULAR $500 fishing
and hunting licenses and the
S1.O0 big game license. However
all of the $500 taken in for
such licenses vii. be put into a
fund for screening bitches that
annually carry thousands of
trout from streams to untime-
ly deaths in the fields and lat
erals.
State Warden Weaver points
out that the sportsman pays
only $500 more than his licen-
ses cost anyway, but the en-
tire $500 goes directly into an
important conservation move
ment designed to perpetuate
good fishing" on Montana
streams. Already fish screens
have been constructed on the
Madison river and screens will
be built on other streams just
as rapidly as funds are avail
able.
Here's a chance for sports
men to prove they are true
conservationists," Warden Wea-
yer says.
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-05-26
The Low Down
On Hickory Grove

People who are living now,
they are living in a great era.
The historians will give it a
name. They will maybe call it
the hurrah age, or the era or
baloney, or the hooey and hook
UNI period. But whatever it is,
our grandson and grand
daughter, they will snicker-
and it will be good reading
and comical.
And I am quite a hand for
comedy versus drama, so I am
not so excited about it. And in
the end, things will get
Strengthened out, and the fell
lers who have their names on
the front page now, they will
not even be in the history in
deX.
But the reason I am shootin'
off here, like I am, is because
I just see where they are going
to cure the depression all over
again-just like they did the
last time. And it is like a dog
with his tail in his mouth-and
he goes round and round, but
don't get any place.
And if I was some kind of a
comedian or other. like this MI.
Allen or Andy Devine, I would
not feel too Secure-With SO
much competition down there
on the banks of our Potomac.
Yours, with the low down,
10 SIERRA.
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-05-26
Pryor News

Bud and Leo Glenn of Crow
Agency visited over Sunday
with their father, John Glenn
and sister, Mrs. George Lande
at Hay creek.
Miss Margie Preston of Bill
lings is visiting at the Ernest
Cook ranch.
MI. and Mrs. Otto Jensen of
Edgar visited in Pryor Friday.
MI. and Mrs. John Orser and
family visited in the Artie Or
ser home on lower Pryor creek
Sunday.
Mrs. Bud Philips is again at
home. Their small son is doing
fine, and young Don is a proud
big brother"
The campaign fever is again
in evidence. A few buZZing pol
iticians have been around. They
say We can expect a high few
er before the turning point.
Stub Lande Of Grow Agency
is visiting relatives in and ar
ound Pryor this week.
Miss Mary Murrv conducted
Indian Services in the gap Sun
day morning, after which a pot
luck lunch was served.
The All cooking class enter
tanned their mothers at a din
ner Tuesday evening. The mo-
theirs present we're: Mrs. Bud
Ledo. Mrs. Ray Lance, Mrs. Lu-
CIV Turnsplentv. Mrs. Charles
H:lrock, Mrs. Sampson Bird
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-05-26

sion, some of the CLIO. offic-
ials are already planning for
the next one!
In Atlantic City last week
CLIO. Chairman John Lewis
told some of his followers that
just as soon as the current de-
preston is ended he is going
to begin the greatest labor Or
ganizing campaign in history"
"Already," he said, I'VE see the
next depression coming" He
didn't say Just when.
Many people around the Cap
ital are wondering if the CLIO.
really knows how much it has
contributed to the current
slump. It was the chief pleader
for establishment Of the Nation
al Labor Relations Board and
the NLRR has been one of the
chief factors in creating fear
end uncertainty in the bust
ness world.
After all. neople with a few
iohririno dollars to invest are
r~eluctart to invest in any bus
inese when there is the ever
present threat that the bust
ness r,icht be driven on the
rocks Of honkrrn+ov by the un-
| cow~romisinc NLRB.
QUOTE OF THE WEEK: RFC
Chairman Jones: "Conoress has
o~~ronriated MAN, billions Of
dollars in the effort to bring
relief from the depression. That
We have not vet found a solu.
ton is OBVIOUS"
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-05-26

hat, Mrs. William Russell and
leader Miss Mary Murry. 9th
er guests present were Mr.. and
Mrs. Runyan Of Crow Agency,
Mr.. and Mrs. E. L. Meyer, Miss
Mary Reynolds land Grover
Swartz. The boys of the All
calf club were the walters. Lu-
ellie Ledo gave the welcome ad-
dress; Mrs. Meyer responded;
Marie Helgeland sang a solo,
Mrs. Runyan played a piano
solo, and Miss Reynolds Led the
group singing.
Senator and Mrs. Harry T.
Mann, who have been living in
Sheridan. Wyoming this win
ter, visited at their home ranch,
the Plenty Coups place, last
week.
Miss Mary hurry was a bus
mess caller in Billings Monday.
Several miles of cricket fence
have been installed. The crick-
cts are on the march again, so
these fences up early and turn
ing these early bands, may keep
the crickets from spreading as
rapidly as they did last year.
Jack Tuggle braved the roads
to Billings FRIDAY on business.
Miss Amy Orser and Miss
Marie Petit of BILLINGS spent the
week end visiting their grand
PARENTS, Mr.. and Mrs. D. E.
Berger.
The weather man spoiled
many plans for week end par
tics and pirnics. The school
children held theirs in the
school house. "A few parents
ioined Them. High water SPOILED
the first-day ANGLERS fun as
Pr"or creek is running bank
full.
My and Mrs. GEORGE Iande
ave ro-ine tn Hev creek aooin
f"r the summer, now that
school is ont.
The SCHOOL wear is over and
tho teachers rs -e'l as the
CHILDREN are wearing bright
srni1ns. Miss Norv REYNOLDS is
leaving for San Francisco.
where she will visit relatives.
Mr.. and Mrs. Mo-e~ will re-
main a few davs and then take
o twin IN Ko1isran ~ visit Nrs.
N"0uer'c brother Thew are both
r1on~irr n +eooh oov+ voar Of
the c,1nnv Va1'ev school west
Of 7 orro1 We u'ie~ tHen . how
nv vno~. Mrs. i. Tero- will ha
in and around Prvo~ -,oc+ Of
tho crr,r,er She will no boot
j" the primar7 room again next
year.