davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-08-03
EXPANSION DUE
IN BANK EARNINGS
Business Trend Indicates
Mild Improvement,
P0or's Declares.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, Aug. 3.-The shift in
the trend of general business lndi-
Gates a mild expansion in operating
earnings for commercial banking over
the two months ahead, according to
Poor's stock reports.
The new bull market should bring
an increase in recoverles and Sc
curity profits and a decrease in losses
on loans and investments. The i'm
provement in business sentiment fore
casts a greater demand for loans to
commerce and industry. In addition
renewed activity in the financial mar
kets and an uptrend in equity prices
indicate that greater demand will
develop for security loans.
Revised bank examination policies
are favorable to loans to small business
on a longer term basis continues the
report. This factor in addition to
the Governments pressure on banks
to expand loan portfolios may be re-
flected in growing operating earn
ingS. These new examination policies
allow greater freedom to banks with
regard to the acceptability of securi-
ties. which may provide a further
boost to bank earnings.
Many institutions are entering new
fields of finance. such as personal and
installment loans where rates are
higher than on commercial loans and
bank investments. Fears of an in
flationary uptrend in prices of many
commodities will encourage the car
rying of large inventories. for which
bank accommodation is frequently
necessary. Consequently. in the early
stages of imitation, banks will profit
from expanding business despite the
fact that these same institutions will
be unfavorably situated if inflation-
ary forces get out of hand later"
Evening star., 1938-08-03
CHICAGO GRAIN

CHICAGO. Aug. 3-Possibilities
that Russo-Japanese hostilities would
spread did much today to lift Chicago
wheat prices about ll2 cents, but late
reactions largely Cancelled gains.
Talk was heard that should Russia
become involved in prolonged war,
it would remove that country as a
source of supply for deficit nations,
On the other hand, price setbacks later
we're promoted by an estimate that
Europe's crop this season would be the
largest since 1880. 900 900 bushels
larger than seven-year average.
At the close, Chicago wheat futures
were unchanged to y cent higher. COM
pared with yesterdays finish. Septem-
Der. 67as L; December. 69-69ls. Corn,
14-li4 down. September, 545s-s. De-
cember, 52-521s. Oats unchanged to
J.. Off
Evening star., 1938-08-03
JULY GAIN REPORTED
IN COLLATERAL LOANS

BY the Associated Press.
NEW YORK Aug. 3.-The New York
Stock Exchange reported members
collateral borrowings as of July 30
totaled $493 3,615,933. an increase OF
$23, 3,728,533 over the previous month.
Evening star., 1938-08-03
STEEL ACTIVITY
CLIMBS TO 4()6
Advance of 3 Points in Week
Brings Rate to Highest
Point in 9 Months.
By the Associated Press.

By the Associated Press.
NEW YORK, Aug 3.-Operations
at the Nations steel mills this week
rose points to 40 per cent of ca
pacity. the highest rate in almost nine
months, Iron Age said today in its
weekly review of the steel industry.
Many leading producing centers
reported stronger mill schedules and
evidence accumulated that output will
reach still higher levels this fall" the
publication added.
Steel operations in tbs Pittsburgh
area were up points to 81 per cent
of capacity; Cleveland district, up II
points to 30 per cent; Birmingham,
up 4 points to 43 per cent; Wheeling
Wierton. up points to 70 per cent;
Youngstown, up 65 points to 37.5 per
cent, and Buffalo, up Is points to
395 per cent
Accompanying higher melting rates
was further advance in the price
OF scrap. lifting the Iron Age scrap
composite price Is cents ton to
sl433. the highest level since No"em-
Der last
meanwhile. cut in wages ranging
to 25 per cent has been declared by
a Midwest steel manufacturer employ
ing about 700 men. bringing nearer to
a head the wage controversy which
for the last month has been stirring
the steel industry and other industries
which follow its leadership in eStab-
fishing pay rates" the publication
said. Lodge leaders of the Amalga-
mated Association of Iron. Steel and
Tin Workers, an affiliate of John L.
Lewis S. W. o. c.. have agreed to
the reduction at the Midwest plant,
causing immediate speculation as to
whether the larger companies. as a
competitive move, will not Immediately
slash wages.
AS a result of the wage reduction,
this week found the S. w. O. c. fight
ing against reports that it was trying
to freeze wage rates at or above pres
ent levels and at the same time make
agreement with preferred producers
by which wages are being cut And
last week Eugene G. Grace, president
of Bethlehem Steel Corp. said that
his company had not discussed wages
with the men and was not considering
restoration of prices"
Evening star., 1938-08-03
GASOLINE STOCKS
INCREASE IN WEEK
Show First Climb Since
Early Spring-Crude
Oil Flow Cut.
BY the Associated Press.

BY the Associated Press.
NEW YORK. Aug. 3-Gasoline
stocks we're higher during the week
ended July 80 for the first time since
early this spring. the American Pc
troleum Institute indicated. The up
turn was accompanied by decline in
crude oil production.
Finished and unfinished gasoline in
ventories at reflnerieS. terminals and
in transit gained 498,000 barrels to
76,864.0O0 barrels and were per cent
above the comparable total last year.
The crude flow, however. dipped 32.-
$50 barrels daily to 3.3l6.40 barrels,
according to the institute, and was 3
per cent below 1887 figures. Califor-
MIA and Oklahoma turned in the larg-
est declines from the previous week,
Louisiana reporting moderate up
turn.
Refinery operations were lifted from
78 to 70 per cent of capacity: runs
to-stills totaling 3.240 900 daily against
3,l80,OO0 daily week earlier.
Cracked gasoline output was up
40 900 barrels daily to 100000 barrels.
Imports of crude and refined oils to-
tailed 1922 900 barrels, compared with
$4,000 barrels the week before.
The complete report for the week
ended July 80 follows in detail:
Daily Average Crude Oil Production.
Figures in barrels)
Note-The figures indicated below do
not include any estimate Of oil which
might have been surreptitiously produced.
Evening star., 1938-08-03

Cash wheat No 3 red. 69h2 No. S.
81: No. hard, 70; No. yellow hard,
70la -70a.: No. 2 mixed. 70.
Corn No. mixed. 56l4: No. yel-
low, 81; No. 2 white. 56a4.
Oats No. mixed. 23a.: No. 2 feed.
% -24l4: Nc. l white, 26; soybeans
No, 2 yellow, 5Ol4; buckwheat No. 2,
2.25-24O
No rye; barley feed. 38-49 nom.
Baltimore Quotations
BALTIMORE Aug. 3 ,F.-Wheat No
x, red, winter. Rarlicky, spot domestic
Evening star., 1938-08-03
FEDERAL AGENCY PLANS
TO BUY DRY SKIM MILK

Ey the Associated Press.
The Federal Surplus Commodities
Corp. announced yesterday 1t would
purchase up to 30.0oo,o00 pounds of
dry skim milk during the current fiscal
year.
The program, designed to remove
surplus milk from normal trade chan
nels and make 1t available for dis
tribution to the needy, will be similar
to the purchase program conducted
last year
Corporation purchases during the
past fiscal year totaled 2l,520, 900
pounds of dry skim milk at cost of
1892, 900.
Evening star., 1938-08-03
ELECTRIC BOND
EARNINGS GAIN
$2,310,428 Net in Quarter
Above Previous Period,
but Below 1887.
b. the Associated Press.


NEW YORK, Aug. 3.-Electric Bond
g. Share Co. reported for the quarter
ended June 80 net income of $780,
428. equal after preferred dividends
to 4 cents share Of common stock.
This compared with $2,145,508, or l
cent share. in the preceding quar-
ter and $2.524.168, or cents a share,
In the June, 1887, quarter.
C. E. Groesbeck. chairman, and
S. r. Inch. president, said in a letter
to stockholders:
"As a result Of the business re-
cession gross earnings Of practically
all operating companies have been
reduced These reductions are further
emphasized in the net earnings, be-
cause many OF operating expense
items are beyond the control of man.
agement and because taxes continue
to increase"
Noranda Mines, Ltd
Noranda Mines, Ltd. one of the
leading Canadian producers of gold
and copper, reported today estimated
Iltb plOllt VI Sf,ffo-I 100, euudl W oGl q
a share. for the six months ended
June 80.
This compares with s5,027, ,l08. or
s2.42 a share. in the first half of 1887.
White Motor Co.
White Motor Co., producer Of COM
mercial vehicles whose operations are
concentrated in Cleveland, reported a
net loss of $884,778 for the six months
ended June 80, compared with a net
profit of $653,l97. equal to Sl04 q
share, in the first half Of 1887
Bank loans, the company reported,
were reduced to $500.000 from $780,
600 at the end of 1887.
The management reported an up
ward trend in new orders, and said it
anticipated further improvement in
the second half Of the year.
Evening star., 1938-08-03

Grand Union Co-Preferred share
earnings, six months ended July 2,
were As cents. against Sl.02 in six
months ended July 3, 1887.
Evening star., 1938-08-03
Chesapeake Corp.
Holders Fail to
Agree on Plans
Ev the Associated Press

Ev tnP HSS0CfHted PTesS.
NEW YORK, Aug. SC. L. Bradley
president of Chesapeake Corp. said
that meeting yesterday Of commit
tee representing dissident groups of
stockholders in that corporation had
not been able to reach final decision
on method for dissolution Of the
corporation.
Spokesman for the various factions
involved previously had said they were
all in favor of dissolution.
Bradley said directors not members
of the committee had been informed
yesterday of progress of the plans for
dissolution.
Evening star., 1938-08-03
NEW YORK RuRRER

tlaXIss opsnsd Sis hirher. hses septsmSer snSss!
{6bi. December. 16.10-14: March
Evening star., 1938-08-03
DRY GOODS MARKET.

NEW YORK Aug 3 1P-Cotton pray
goods markets were inactive but prices
were firm today Finished goods contin-
ued to sell in fair volume at steady prices
Some rayon producers announced ad-
filament yarns. Raw silk was steady
Wool goods markets were slow.
we're or on nns 5asis o. the
cry: Print cloths 3Sa. 64x6O. 5:35 4sa:
broadcloths- 81. 1O0x6O. 40. 6ss: sheet
40-inch 76x72. 900. 8.
Evening star., 1938-08-03
CHICAGO LIVESTOCK

CHICAGO, Aug 3 G4N Omitted States De.
nartment of Agriculture, High tempera
lures played part today in reducins
practically all SLAUGHTER livestock prices
strictly choice and prime steers got better
action from shippers and sold steady bu
practlcaNv everything else in the cattle
market was weak to lower
Hogs. 1000, including 5000 direct
$40" ana very uneven: weights. ] 20 pounds
up. o-ln lower than Tuesdays average
practcal top. .. IS: small lot at $50: rooc
and choice l10-"3n pounds a6O-75
.4O-:60 pounds. 9.IO-5o: 210-3OO pounds
S:::to-?uo: good light packing sows .25.
% me9dlumWeiehts @ end heayies, 500 90
and yearlines steady to 25 lower: steady or
and weiehty steers only early top. @ - } s5
with l22;'n bid, very little done: few loads
LOO %; these as well as $3.50 81
Kinds. 80 and in some instances IS cents
under hieh time last week: shipper demand
very narrow; dressed beef trade sluggish;
curta1led receipts help in live market
StocEers very scarce, in demand fed
heifers mostly steady to 25 lower: short
IedS showing most decline: best heifers
J 90: cows and bulls weak: vealers active
ana steady at q 50-1O25: outside or
Welghty sausage bulls. 900
Sneep' 5000. including 9 200 direct: late
best be- westerns. 300; bulk. ss5-9. 90: to.
day's trade very slow undertone weak II
lower; good to choice native spring lambs,
bio, s;15 downward. in most instances:
best held 9.O0-10 and above; nine doubles
Washlngton sprine lambs. 900: sheep
steady; CHOICE Western ewes. 3.75 native
Evening star., 1938-08-03
Reich Aids Industry.

Government investments are caus-
ing much of sGermany's industrial
boom.
Evening star., 1938-08-03
CONSTRUCTION AWARDS.

NEW YORK. Aug. 3 0P.-Major engi.
smog@nted an @ d. to S223.333Oo0. an average Of
ncured in the month, the Engineering
News-Rscord reported today.
The July weekly AVERAGE is 25 per cent
above the June weekly average and per
eeent above the weekly average Of July,
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1938-04-21
BROWNWOOD NEWS

Mrs. Win Greer and small son,
Van, visited Mrs. Greer's father and
mother Sunday, Mr.. and Mrs. Jim
Greene.
Mr.. George Day, of near Brown
wood, who has been very sick for
3 weeks, is not improving fast.
Miss Thelma Lee Norris has been
seriously ill for S weeks, but is not
improving much.
Mr.. and Mrs. Cline Howell and
8 children, Tommy, Joan and Don
ma and Mr.. and Mrs. George Greene
and little daughter were dinner
guests Sunday of Mrs. Maryan
Fletcher at Idlewild.
Mr.. and Mrs. Oner Greer. and
small daughter, Shelby Jean, OF
Brownwood, were the week end
guests of Mr.. and Mrs. Ed Yonce,
of Lenoir.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1938-04-21
TOWNSEND WE'D
FROM JAIL TERM

Washington, April 18.-An elev-
enth-hour presidential pardon saved
71-year-old DR.. Francis E. Town
send, the old age pension leader,
from a 30-day Jail sentence today.
The sentence had been imposed
upon the elderly California physici-
an because of his defiance of house
committee which investigated his
old age pension movement in 1896.
Congressman who feared the Jail
term might lead to a new surg OF
public interest in the Townsend
plan heaved sigh Of relief when
they heard of the presidents act.
DR.. Townsend, originator of the
movement to obtain $200-a-month
federal pensions for everyone past
60 years of age, was waiting in the
United States marshal's Office to be
taken to Jail when he received the
pardon. *
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1938-04-21
HORSE CREEK NEWS

Mr.. Howard Eldreth and sister,
Beulah, spent last week end with
Miss Ruth and Mr.. Blueford Elliott
on Buffalo.
Miss Ruby Perry and Mrs. Minnie
Blevins spent Monday night with
their aunt and sister at Tuckerdale.
Miss Ada Perry and Miss Edna
Eldreth are planning trip to Flori-
da soon.
Mr.. Carl Roland, Of this commune
ity, spent the week end with his
parents, Mr.. and Mrs. Roland.
MIR. Everette Pennington, Of APP
pie Grove, has just returned from a
trip to Iowa where he has been with
the Omen searching for robbers.
While he was away on his trip he
exchanged cars six times. It's very
interesting to listen to his story
about his trip.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1938-04-21
Final Plans For
Junior Baseball
To Be Mapped Out
Coaches And Managers Of
COunty's Eight Teams To
Meet This Saturday.

The next meeting of the Ameri-
can Legion Junior baseball commit
tee will be held at Supt. j. B. Hash's
Office Saturday afternoon, Apr. o,
at 1870 p. m. and all managers and
coaches are urged to be present as
final plans will be made. ut is the
last call for teams to get in on the
program" Rev. John w. Luke, who
is in charge, states.
At the meeting Saturday blanks
for each team should be filed out
and orders placed for the leagues
equipment, Mr.. Luke said and ex-
planned that the Legion is going to
give a baseball each week to each
team and $3.50 to apply on equip
ment purchases. On the other
hand the community is likewise
supposed to put up $3.50 or the
equivalent to the cash in equipment
At the meeting last Saturday the
official schedule was drawn and is
published elsewhere in this issue.
Each team only plays four official
games in the county and the league
season ends July 8, but practice and
preliminary games will get under
way soon and probably last until
the opening of school
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1938-04-21
State Joins In
Better Homes Week
National Observance Being
Sponspored April 24-sO.
Much Interest.

North Carolina is joining whole
heartedly in plans for National Bet
ter Homes Week which will be OBJ
served April 24-30, according to
Miss Pauline Smith, district home
agent Of the State College Exten-
sion Service.
Home demonstration agents serv-
ing Is counties have been appoint
ed as county chairman in promot-
ing and leading plans for the cam
paign.
Miss Smith, who is State chair
man of the drive, says the rove
ment is primarily interested in
bringing better homes within the
reach Of all citizens. Through we'll
balanced demonstrations, the lead
ers hope to reach the wage-earners
and low salaried workers.
The campaign stresses not only
the best in new housing of moder-
ate cost, but also the remode1ing of
old houses, the improvement of
premises, the refinishing of furni-
ture, the development Of home re-
creation, reading, music, health,
child care, and community beauti-
fication.
'The strength of the movement"
Miss Smith declares, "lieS in the
fact that it has the cooperation of a
number of governmental agencies,
national and local civic organiza-
tons, that it is working toward an
educational end, and that it Is Who'll
" non-comWercial."
The national campaign is carried
on through volunteer local COM
mittees with experienced civic lead
ers as chairmen. Last year approx
imately 2, 445, 900 families participat-
ed in the campaign.
Formulating Better Homes pro.
grams rests with local committees
since these groups are best able I'd
plan for their specific communities
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1938-04-21
OWNER CLAIMS POCKETBOOK
CONTAINING $17.61 IN Cash

Mrs. Leslie Wyatt, Apple Grove,
is the owner of the lost pocketbook
which Tommie Oliver, West Jeffer-
son high school student and the son
Of Lillard Oliver, found here on the
street last week.
The pocketbook contained $17.61
in currency and when Mrs. Wyatt
called for same at The Post Office
Monday she highly commended
Tommie for his honesty and good
neighbor characteristics. AS a tok-
en- of her appreciation to him for
bringing it to The Post and running
an advertisement, Mrs. Wyatt left a
nice, crisp one dollar bill at the
newspaper Office for Tommie.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1938-04-21
Physicians Offer
Services Without
Charge C. M. T. C..

B. D. Barr, of West Jefferson,
chairman of the Military Training
Camps Association for Ashe coun-
ty, announced yesterday that the
following physicians of this coun-
ty have volunteered to assist local
youths to qualify for attendance at
Citizens Military Training Camps
this summer:
DR.. R. c. Ray, West Jefferson;
DR.. Dean Jones, Lansing.
Since these physicians are serv-
ing without charge, it is now pos
sible for young men of Ashe coun-
ty, between the ages of II and 20,
to attend camp this summer with
out any expenses whatever.
While these camps are supported
by the Federal Government for the
purpose of giving military training
to those who volunteer for it,
every effort is made to make the
camps as attractive as possible. AT
ternoons are devoted to athletics
and games, and entertainments of
various kinds are offered in the
evenings Ashes quota is 9.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1938-04-21
Sparta News

Miss Lorraine Reeves, OF High
Point, spent the holidays here with
relatives.
Miss Margaret Jane Cheek re-
turned to Lenoir- Rhine College
Monday after spending the week
end at home.
Mrs. P. H. Tompkins, Jr., and Miss
Marie Perry attended the Moravian
Easter services in Winston-Salem
Sunday morning.
r. A. Doughton and Robert M
Gambill were in Jefferson Monday
on business.
Mrs. A. S. Carson returned to
Raleigh Tuesday after a short visit
to her home here.
Mr.. and Mrs. Walter Taylor at
tended the Easter Sunday morning
services in Winston-Salem.
Miss Elizabeth Doughton, of Ra'
leigh, spent the week end at home
Miss Evon Eldridge, student o.
Flora Mcdonald College, spent the
Easter holidays at Glaoe valley
; with her parents, Supt. and Mrs
E. B. Eldridge.
Mrs. Eller Parks spent few day
last week in Winston-Salem witt
her sister, Mrs. Henry Spaugh anc
attended the wedding of her niece
Miss Jean Carson and Crawford
Lamb, of Raleigh.
Mr.. and Mrs. P. L. WEIGH ano
daughter of Winston-Salem were
Easter guests of Mrs. 7. j. Carson.
Announcement of the marriage o
Miss Ruby York and Ralph Cheel
on Feb. IL, has been made.
Mrs. c. w. Erwin who has beer
right sick for a few days is improv
inc
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1938-04-21
President Asks
For Support OF
Relief Program
Turnover OF $500, 900, 900 In
New Government Program
Is Proposed.

President Roosevelt proposed to
sail ahead" as he recommended his
new anti-depression spending and
lending program in a talk to the
nation Thursday night, stating that
government action had become i'm
perative, that government cannot
afford to wait until it has lost the
power to act''.
His address came after a message
to Congress. The message to Con-
gress proposed program involving
turnover of more than $4,000, OOO,-
600 as follows:
About $4,000, 100000 to be lent or
spent for relief and public works
and to provide capital for business
es; and $2,15O, 100000 to be added to
the lendable funds of the banks by
cashing 81, 400, 600, 900 of $1,400, 0OO:-
600 of sterilized gold and making a
$4,000, 900 reduction in bank re-
serve requirements.
From unemployment insecurity,
government weakness" and gov
eminent confusion" grew the dicta-
tors of other lands, he said. The
administration has waited for bus
mess itself to end the current re-
cession, he asserted, and can wait
no longer.
Such a program will "cost some
thing" he said, but 1--WE are a rich
nation and can afford to pay for
security and prosperity without
having to sacrifice our liberties in
to the bargain. He described the
government program as a trigger
to set off private activity.
Calling again for enactment OF
legislation to place limits on wages
and hours, he related the detectives
of the New Deal >. employment,
security, reasonable profits and safe
ty for savings. To abandon this
goal would be ito miss the tide and
perhaps the port, he said, adding:
81 propose to sail ahead"
The speech was moderately but
emphatically worded. It displayed
little evidence of any personal feel
ing over his recent reverses in Con-
gress, but Washington's sharp poll
teal ears were quick to note the
manner in which Mr.. Roosevelt
turned the distato1khip argument
recently aimed at him to his own
account.
"In recommending this program,
he said, 81 am thinking not only OF
the immediate economic needs OF
the people of the nation, but also OF
their personal liberties =. the most
precious possession of all Ameri-
cans. am thinking of our demo
cracy and of the recent trend In
other parts of the world away from
Democratic ideal"
Twin-City herald., 1938-10-01
Barney's Lunch
700 9TH Ave-, o.
Good Lunch, Hot Coffee
"a Hour Service

1920 4th Ave. South. bedrooms,
hot water heat, to close estate Mr..
Sanger. Bridgeport 1865.
FOR SALE - IL room house, all
modern. $30O0oO, $l5eo00 mortgage
Terms $4,000 down, $5o.0e per month,
including interest. Taxes $I2200 year.
Located at III Emerson Ave. No. Call
Twin City Herald, At 1858.
J. Dunn. 242l Dupont Sowh, Phone
Ke. 1898.
Twin-City herald., 1938-10-01

Nu-Nile Giortfies Negro Beauty.
Have IoNG-SoFT-Giossy Hair.
FR E E
I French Marcel iron
I Beauty. Course
With Our Special $500 Outfit Bellows
Brass Comb (f1ne wood handls)
: Double Strength Hair Grower
Pressing Oil Glosslns
! Bottle French Perfume
Supply is Limited.
Send $500 Money Order. Aef Tod6yi
Only 500 cash, delivered TO your door.
No c. Q. ..
PEERLESS PRODUCTS co.
. Atlantic g.. Jersey city. n. 4
Imperial Valley press., 1938-09-11
Cotton MARKETING
Cards Distributed
At Meetings

Marketing cards for Imperial county cotton growers
distributed at meetings in Capatria and Ell Centre
Wednesday and Thursday, Roland Ballou, secretary of
the Imperial county agriculture conservation association
announced Saturday Thirteen white cards and six red