davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1938-11-18
Concession Among Twenty Nations Including Canada
 Is Signed Yesterday
GERMANY IS LEFT
 ALONE BY PROGRAM
American Wheat, Corn, Fruit Growers Benefit
 ByNew Agreement
RY HnRARr C. MoNTEE

BY HOBART c. MONTEE
 United Press Staff Correspondent)
 Washington, November IS. = UP) = Great Britain and the United States joined to- day in a world trade axis on the basis of international concessions among 20 11a- tions. The United States now is expected to extend trade reciprocity farther in- to South America. Great Britain joined the world reciprocal circle yesterday by signing a trade agreement with the United States. Canada simultaneously signed a revision of three-year-old recip- rocal trade treaty with this country. American wheat, corn and fruit growers appeared to have made the outstanding gains from the British treaty. The corn belt was favored by concessions on lard, hams and other pork products. Great Britain abandoned 8 six-cent per bushel empire preference tariff against our wheat. But the area and extent of benefits was likely to be disputed.
 Where Britain Gains
 Great Britain appeared to have gained most in concessions on whis- key, textiles and manufactured metal goods.
 A state department analysis as- serted that the Canadian and Brit ish agreements would substantially benefit American farmers and tr1- dustrialists. But protests were in- eyitable and might be widespread First to complain was the National Coal Association which protested that Canadian coal would continue
 (Nonfin1faf1 nra po0a Al
The Waterbury Democrat., 1938-11-18
ATTORNEY DIES or HURTS

West Hartford. Conn, Nov. 1e.- (UPl Funeral services Uill be held Saturday for John R, Hayes. local attorney, who dled yesterday at Meriden of injuries suffered in an automobile accident Sunday night. He leaves his widow.
The Waterbury Democrat., 1938-11-18
ELEVEN PERSONS KILLED

Istanbul. Turkey, Nov. 18-(UPl.
 Eleven persons were killed today in the crush of c thrOrg attempt ing to file by the bier Of President Mutapha Kemal Ataturk in the presidential palace
The Waterbury Democrat., 1938-11-18
CHILD BRIDES IN
 EPIDEMIC MOOD
California Is Latest State to Feel 1.-Two Are
 Wed There
Rx United Pressl

(By Untte0 FfeSS)
 The epidemic of child brides hit California today.
 I'm Visalia, authorities disc0v- cred that Georgia Kenner, 12, had married Jack Blue, IS, with her parents consent.
 In Los Angeles, authorities held Velma Robinson Greene, IA, hav- ing taken her from her 63 year old husband, Jones Scott Greene, a Kentucky land owner.
 Visalia, Cal, Nov. IS - (UP0 - The playmates of 12 year old Georgia Keener said today that she her IS year old sweetheart because he had "a swell car with radio. She gave her dolls to her friends last Sunday and was mar ried on Monday.
 The marriage was revealed to au- thorities today. They had been asked to investigate why Georgia had attending school. Mrs. Ro- bert Keener, her mother, told Sheriff s. B. Sherman that Georgia was a married woman now-nvine with her husband, Jack Blue, 18, 8
The Waterbury Democrat., 1938-11-18
TREASURY BALANCE 1

Washington. Nov. 1S-CUP9--Gov- ernment expenses and receipts for the current fiscal year through Nov. Is, compared with year ago: $3,364,7S3,182.70 $2,S69, ,152,242.52
 Receipts $2,104,137,569.25 $2.174.66l,0 ,003.83
 Cross Deficit $1,260,645,613.45 $es4, ASS, ,2s8.49 $64S,72S, ,6SS.4s
 Cash Balance $2,52s,35s,4 ,496.57 $2.642,O1s,4 ,474.0s
The Waterbury Democrat., 1938-11-18
The Weather

Rain, Warmer Tonight; Saturday Rain, Colder
 Fnll wsathsr RspoEs Page 2
The Waterbury Democrat., 1938-11-18

(Continued On Page N
The Waterbury Democrat., 1938-11-18

Continued on Page N
The Waterbury Democrat., 1938-11-18

Continued on Page 4)
The Waterbury Democrat., 1938-11-18

(Continued on Page 4)
Evening star., 1938-01-20
Stock Averages
BY VICTOR EUBANK,
Associated Press Financial Editov

NEW YORK. Jan. 20.-Selected
stocks turned in rising market per-
formance today with favorites recov-
ing fractions to point generally
and few as much as or 50.
Gold mines were relatively lively
with Homestake hitting another new
high. Steels and motors climbed at
the start, fell back under profit real
lzing and, in the final hour, pushed
up to their best levels Of the session.
Closing prices, however were down
from the best in some cases.
Wall Street apparently derived mod
crate cheer from presidential con-
ferences with national business chief
talns and indications a cooperative
battle against the recession would be
launched soon. At the same time
some speculative forces were inclined
to step carefully on the buying side
pending concrete evidence Of q re-
versal in industrial trends.
The market was content to crawl
most Of the day. transfers approxi-
mating 850000 shares.
Contributing TO the comeback.
brokers said, was considerable short
covering by those who believed the
market nay have been oversold lately
and was due for at least a technical
rebound
A number of groups failed to get far
in front. Among these we're utilities
which continued to reflect confusion
regarding outcome of the Govern
ment's withholding company CAM
paign.
Tilting higher were shares Of United
States Steel, Bethlehem. National
Steel, Crucible, Youngstown, General
Motors, Chrysler, Yellow Truck, West
inghouse, Du Pont, Allied Chemical,
United States Rubber, Standard Oil Of
New Jersey, Montgomery Ward, Sears
Roebuck, j. I. Case. International
Harvester. American Can, Continental
Can. Eastman Kodak. International
Paper g. Power preferred. Loew's.
United States Gypsum and Union
Carbide.
Evening star., 1938-01-20
CHAIN GROCERY STORES
GROSS IS ABOVE 1896

By the Associated Press.
The Commerce Department reported
yesterday leveling of of chain gro-
cery store sales during 1887. The gross
volume was approximately y per cent
above that of 1896. but still about Z
per cent below the 1929 level.
"As compared with November. 1887.
December sales showed an increase of
less than the usual seasonal amount"
the report said.
In making its calculation. the de-
partment said it had not allowed for
an increase or reduction in the
number Of store units during the year.
The index was constructed from total
dollar sales figures supplied by a CO.
operating group Of 10 large chain Or
ganizations doing approximately IS
per cent of the total chain grocery
business In the United States.
Evening star., 1938-01-20

III " ", SIldpUCl
president, presided at the meeting,
which was attended by members of
the organization and other interested
accountants.
Bank Has Record Earnings.
In his recent annual report Harry
g. Meem, president of the Washington
Loan & Trust Co.. stated that with one
exception earnings in 1887 exceeded
all previous years. In addition to divi-
dend payments more than $4,000 was
added to capital
Business conditions in Washington,
Mr.. Meem added, have been very good,
Is indicated by the increase Of s128,-
100000 over the record of the previous
year in the totals handled through the
Washington Clearing House. Employ
ment showed gains and retail trade a
healthy condition, he said.
Certainly 1887 could not be CLASH
ned as another 1929. In both years
business reached its peak in midsum-
mer with def1ation Of stock prices dur
ing the fall months. However, call
money rates in 1929 rose above 20 per
cent. while in 1887 it remained sta
tionary at per cent
It Is evident that when prices adjust
themselves to buying level, Mr..
Meem continued, consumption of need
ful things will begin TO catch up with
deferred demands. It is not likely that
past conditions of uncertainty will
continue long.
Heard in Financial District.
Baltimore & Ohio preferred share
earnings in the first II months of 1897
were 81 cents, against 1888 in the
previous year.
Chesapeake & Ohio Railway common
share earnings in 1897 are estimated
at 1896. against $3.50 in 1896.
Members of Washington Chapter,
American Institute of Banking, are
looking forward to an exciting eve
ming. as this is the night of the
annual adding machine contest. Cash
prizes are to be awarded the winner
and the persons placing second and
third. Speed and accuracy determine
the winners.
Albert S. Galley. vice president of
the Lincoln National Bank and treas
urer of the District Bankers Asso-
citation, is now in St. Petersburg, Fla,
taking q short winter vacation.
The Commerce Department reports
that daily average grocery sales in
1887 were 112 per cent above 1896;
were higher than any year since 1881,
but Z per cent below 1929.
Evening star., 1938-01-20
NAVAL CONSTRUCTION
ORDERS TAKEN BY G. E,

BS the Associated Press.
SCHENECTADY, N. Y, Jan. 90
The General Electric Co. said yester-
day it had received orders for S.
100000 worth of naval construction
from Brazil and the United States.
The Brazilian order calls for expen-
diture of s3,s0O.0o0 for electric power
units and control equipment for six
new destroyers. the company said.
Large turbines will be built here, small
ones at Lynn, Mass; switchboards at
Philadelphia, Pa. and auxiliary equip
ment at Fort Wayne. Ind
The American Navy order calls for
$1.9O6,0O0 worth of electric units"
the company said. and also $12,500
worth of equipment for the Norfolk
(Va.) Navy Yard.
Evening star., 1938-01-20
j. s. PIPE EARNS
$2,235,755 PROFIT
Years Earnings Compare
With $2,427,867 for
1886 Months.
b. the Associated Press.

81 the Associated Press.
NEW YORK, JAN 20-The United
States Pipe & Foundry Co., producer
of cast iron pipe, in a preliminary re-
port for the year ended December 81,
1887. reported net income of $685.
755, before deduction for Federal sur
tax. This is equal to 1921 share on
695, ,120 common shares.
In 1896 the company earned $2,-
427,867. equal after dividend require
ments on preferred stock, retired Feb
ruary %. 1896, to $3.45 share on a
slightly smaller number of shares.
The company said no provision was
made. or believed required, for Federal
surtax on undistributed profits.
Directors placed the current year on
a 50 dividend basis. declaring divi-
dendS of so cents each on March 10 to
stockholders of record February %,
June 20 of record May 81, September
20 of record August 81 and December
20 Of record November 30.
The company operates principal
plants in Birmingham, Ala; Burling-
ton, N. j.; Bessemer, Ala; Chatta-
nooga, Tenn, and Addyston, Ohio.
Evening star., 1938-01-20
WEATHER CURTAILS
TOBACCO MARKETINGS
BY the Associated Press.

BY the Associated Press.
RICHMOND. Va. Jan. 20.-Adverse
weather conditions curtailed volume on
some of Virginia's tobacco markets
yesterday, although prices continued
firm.
The Blackstone dark market sold
81 ,588 pounds at an average of $12l8,
but some loads brought high prices
Ben Marshall of Charlotte County sold
1924 pounds for an average of $26.15.
The price range for his offerings was
from $13 to $40.
The South Hill bright market dis
posed of 37,462 pounds at an average
Of 1888. while bright warehouses At
South Boston sold 368. .804 pounds ut
an average Of $l2.63.
Evening star., 1938-01-20

conditions in Washington, Mr. Willard
included these comparisons among
others:
Based on figures from the Washing
ton Automotive Trade Association,
new-car sales in the first IL months
Of 1896 totaled $4,000. against $4,000
in the like period in 1887. The num-
Der Of sales of used cars totaled $4,000
in 1886 and $1,000 in 1887, making
the total number of automobiles sold
during 1896 81, 1000. as against 10000
in 1887. slight decrease.
The Capital Transit Co. reported
revenue passengers in the first II
months Of 1886 as 158,000,O00, and in
the same period in 1897 as $4,000 900,
q decrease.
The Chesapeake &, Potomac Tele-
phone Co. reported the number of tele-
phones installed at the end of No.
vember, 1886. as 2l2.ooO, in 1887 as
$4,000, an increase.
The Washington Gas Light %. at
the end of November, 1896, had l44,-
900 meters in service, against 149, 900
at the end of November, 1887, an in
crease.
The Potomac Electric Power Co.
reported 100000 meters in service at
the end of November. 1886, and 155 900
ut the same time in 1887. an increase
Tourists Flock to Capital.
The Board OF Trade reported that
2.500.0O0 tourists visited the Capital
in II months in 1886. against g.
100000 in 1887. There were l73 con-
ventions in 1886 and ZIG in 1887, an
increase
The Washington Real Estate Board
announced that $500 building permits
were issued in 1896 and 5000 permits
in the same IL months in 1887. The
value Of construction stood at S29,-
100000 in 1886 and s30.Oo00O0, both
increases.
In conclusion. Mr.. Willard stated
that retail trade in the Capital ap-
, peared to be about per cent better
IN 1887 than in the previous year The
banker also cited the report of the
Washington Clearing House Associa-
ton showing that bank clearings in
1896 totaled sl,l28,0OO,o 900 as compared
with $l,256, 100000 for 1887, a huge
gain.
In his report to the District Bankers
Association, he also pointed to the fact
that bank deposits in the city in
creased more than s100,OOO.000 from
December. 1888, to the end of Decem-
Der. 1897.
From all these striking figures Mr..
Willard said it was reasonable to
expect that the year 1898 will prove
highly satisfactory from a business
point OF view. at least so far as the
National Capital is concerned.
Talks to d. c. Accountants.
T. j. Dunnion. vice president and
treasurer of American Airlines, Inc,
addressed Washington Chapter, Ma
tional Association of Cost Accountants.
Evening star., 1938-01-20
HOLDINGS OF COMMON
SHARES ARE REDUCED
BY the Associated Press.

oS tiic <aSSOCldteQ fIeSS.
NEW YORK, Jan. 2O.-American
International Corp. reduced holdings
OF common stocks in the last half of
1887, and showed a sharp reduction in
asset values the investment company
annual report indicated.
Groups in which selling predominant
ed were utilities, metals. steels,
chemicals and building equipments.
Net assets on December 81 amounted
to SIT 7.453, ,422. equal to s745 share
OF common stock. This compared
with asset value equal $l3.12 share
on September 80, 1897, and $1906 q
share as of December 81, 1896.
As Of January IS. 1898, the report
stated, asset value had risen to $9.31
share.
Evening star., 1938-01-20
CHEMICAL PROFITS DOWN.

NEW YORK. Jan. 80 R.-Ameri-
can Agricultural Chemical Co.. with
plants in the East. South and Middle
west, reported net profit Of $l32.647
for the six months ended December
81. equal to SO cents . share. This
compares with net Of $l6l.6o4 or 76
cents for the corresponding six months
Of 1886.
Evening star., 1938-01-20
BANKS SHOW INCREASE
IN "OTHER SECURITIES
By the Associated Press

By the Associated Press.
NEW YORK, Jan. 20.-The dollar
value Of securities other than Govern
ment bonds held by leading banks
showed the sharpest increase In sew
eral years. during the week ended
January -.
Banking quarters pointed out more
than 80 per cent of the gain occurred
in New York State, which recently
hoated q new bond issue
"Other" securities held by banks in
101 cities reporting to the Federal
Reserve, compared as follows:
Week ended January IL $2,9l0, ,000, 900
Previous week .642 900 900
Same period last year. "a, ,000, 900
Evening star., 1938-01-20
CHICAGO GRAIN
By the Associated Press.

By the Associated Press.
CHICAGO. Jan. 20.-Wheat scored
maximum gains of IA cents in Chi
cago today. stimulated by enlarged
export business in North American
wheat and disappointment over mois-
ture scantiness Southwest.
Between 500, 1000 and $50, 900 bushels
Of wheat from North America was
bought today for shipment to Europe.
The basis for No. red wheat here
was advanced in some cases cents
bushel.
Despite last-minute reactions. Chi
cago wheat futures closed 4-a4 above
Yesterdays finish, May. 9534-7s: July
9oi4-ss; corn as-a4 up; May, 6Oss-
"a; July. 613s. and oats. "a advanced.
Evening star., 1938-01-20

at the January
meeting last night
at the Hamilton,
Hotel.
He discussed
airplane account
ing in a most in
teresting manner.
giving the cost
experts much in
side information
as a result of his
long connection
with the industry.
He Is located in
Chicago.
Walter F. Ray
Evening star., 1938-01-20
Big Drop Shown
In Nickel Plate
December Profits
By the Associated Press.

By the Associated Press.
CLEVELAND, Jan. 2O-The De-
cember net income of the Nickel Plate
Railroad was sl32.0538e, decrease of
s4,587 ,502.71 under the corresponding
month in 1886, company officials an
nounced today.
They explained that the December
1885 income included a special divi-
dend on Old Wheeling and Lake Erie
z per cent prior lien stock amounting
to s4.031,755.
Net income for the year ending De-
cember 81. 1887. was s2.556. .999.19, a
decrease of $4.823,482.71 under 1896.
Evening star., 1938-01-20
SHARP ADVANCES
IN CAPITAL CITED
Willard Reports to Bankers
on Business Progress
During Past Year.
BY EDWARD C. STONE.

That Washington rounded out a
remarkable business year in 1897 is
clearly indicated by statistics just
presented to the District Bankers
Association by William B. Willard,
vice president of the National Savings
b Trust Co.. who is chairman of the
Associations Committee on CONNER
Evening star., 1938-01-20

cial Trade Activi-
ties.
While many of
his comparisons
cover only IL
months of 1897,
yet there were no
marked changes
in conditions in
the Capital in
December. His
interesting. timely
and conprehen-
sive report. there
fore. is of more
t h a n ordinary
inheritance
Evening star., 1938-01-20
new YORK COTTON
Ey the Associated Press.

NEW YORK, Jan. 20.-Cotton adj
vanced further today to recover COM
pletely losses incurred earlier in the
week. Trade and scattered buying re-
vealed contracts relatively scarce, ex-
cept for a little near-month liquida-
tion and hedging on advances.
May sold up from 857 to 8.62 and
in midafternoon was quoted at S.61,
when the list was to 6 points net
higher.
Evening star., 1938-01-20
Mcintyre Earns
Profit of S954,5l9
In Last Quarter
By the Associated Press.

NEW YORK. Jan. 20.-McIntyre
Porcupine Mines. Ltd, Canadian gold
producer. for the three months ended
December 81 reported today net profit
Of s9545l9. equal to sl.20 share on
the capital stock, compared with
$842,157. or $l.06 share in the COM
parable period Of 1886.
Evening star., 1938-01-20
Chicago Cash Market

Chicago Cash Market.
Wheat-No. 4 hard, 90: corn, No.
2 mixed. 60; No. 3 yellow, 58Ia-59;
No. white. $3.50: oats. No. white,
34is-35; No. 2, 34l7-35: rye, No. /.
81. Soy beans, No. 2 yellow. 1882:
barley feed. 1852; mailing, 1898.
Timothy seed, 275-95; red clover,
3200-3700; sweet clover, 10.00-l0.50.
Baltimore Quotations
BALTIMORE, Jan. % OP.-Wheat. No.
RED winter. sarlicky. spot. domea.c.
1.01: January. 1.Ol.
Evening star., 1938-01-20

sActual sales unit OF trading 10 shares.
bankruptcy
Bankruptcy Act securities assumed
Rates of dividends dis
busements
Unless
included. - ~
Ex dividend rights Also Lilo
share of 50 preference 125 share Of
stock Declared paid far this Payable
Paid last stock Accumulated
declared '
Evening star., 1938-01-20
ODD.LOT DEALINGS.
By the Associated Press

The Securities Commission reported to-
day these transactions by customers with
odd-lot dealers or specialists on the New
York Stock Exchange for January IA:
7,T0i purchases involving 1a6,.0S shares.
1924 sales involving 140."11 shares.
Evening star., 1938-01-20

New Orleans Prices.
NEW ORLEANS. Jan. 90 Ln.-Ootton
continued it's rallying tendency in early
dealings today under local and outside
trade demand
Initial transactions were ! to 4 points
net hisher. with March at s.64. May at
S.71. July at S.16. October at s.s3b and
December at S.S1. Toward the end Of the
first half hour the market was steady at
the opening prices.
70Ob: March, 7.O3b: May 7.O6b: July.
lib: September, 7.l5b; October. 7.11b.
Bid.
Evening star., 1938-01-20

Approximate Sole of Stocks the NJ Y Stock EXCHANGE
11:00 A.M------- 100000 1900 Noon .---- $40 900
300 P.M.--.---- 100000 200 P.M-- $50 900
Evening star., 1938-01-20
Futures closed g.
New Orleans Prices.

'ot steady; middling. s.62.
Evening star., 1938-04-05
CHICAGO LIVE STOCK.

CHICAGO, April Lp Omitted
States Department of Agriculture -
Hog values again turned lower, but
the trade was fairly active today at
the decline. Weakness featured slow
lamb trade, but most cattle opened
strong to shade higher, better grades
of light steers, yearlings and heifers
moving actively, with heifers at new
nigh on present crop.
Hogs, 10000, including 1000 direct;
fairly active, 10-15 lower than Mon
days average; top. 875; bulk 17O-240
pounds, s.5o-75; 25O-3oo pounds. s.25-
So l4o-l6O pounds, 8.25-65; good 35o-
550-pound packing sows, 74O-65;
smooth butcher kinds to 7.9O.
Cattle, $500; calves, $500; receipts
moderate; run mostly steers and year.
lings; good and choice kinds fully
steady, others slow, steady; light heifer
and mixed yearlings active at new
high on crop; most fed steers, 7.75-
9.25; best heavies, 1925; several loads
light heifers, 900; few common and
medium light heifers or any grade
neavy heifers in run; COWS firm; bulls.
1O-l5 higher. Weighty sausage Offer
ings up to 6.65; vealers about steady.
with light kinds slow at 75O-8.5O; Sc
lects up to 100.
Sheep, 5000; none direct; late Mon
day fat lambs, 15-40 lower; bulk Is
and more down; wooled lambs, 8.4O-
IS mostly; top. 885; choice 1O0-1O6
pounds, 8,50-60; today's trade slow;
indications around steady; choice
wooled lambs held 8.75-85; indications
steady on sheep.
Evening star., 1938-04-05
RELAPSE SHOWN
|NBUY|NG POWER
Hamilton Institute Finds
Price Index of Farm
Products Down.
Special Dispatch to The Star.

NEW YORK, April 5.-The price in
dex of farm products, which reflects
the national income, declined to 805
for the week ending March 10 and
tit in the previous week, according
to the Alexander Hamilton Institute.
"The price index of manufactured
goods prices showed a much smaller
decline dropping from 1876 to 835.
The consequent drop in the purchasing
power index from 772 to 76.O offset
large part of the gain in the previous
three weeks from the recession's low
OF 1873 for the week ending February
19.
There is consequently no basis for
concluding that fundamental condi-
tlons are yet definitely headed toward
improvement. In fact, further dete-
rioration is clear possibility.
The index of business income de-
cllned from 8l.2 for the week ending
March II to 1913 for the week ending
March 10. This decrease was not off :
set by a decline in business expenses
from 88.2 to 87.6. Consequently, the
trend was toward a greater deficit.
THE index of expenses exceeded the
index of income by 78 points in the
latest week as against a spread of 10
points in the previous week.
This relapse, however, did not en-
tirely offset the improvement which
began in the latter part of February
as the result of rise in income when
expenses were declining.
For the week ending February 10,
expenses exceeded income by lO.5 points
A return to profitable operations will
depend either on the development of
imitation which will lift business in
come or curtailment of business ex-
penses."
Evening star., 1938-04-05
FOREIGN EXCHANGES,

NEW YORK, April 5 1P-The for
nervousness today as the French premier
submitted his plea for sweeping financial
powers to the Chamber of Deputies
' Although it was freely predicted Pre-
fnier Blum's demands-calling for gold
devaluation and partial control Of the
franc-would bring a new government
INTO power. uneaSiness over the situation
Proueht a little pressure on the franc and
that unit was down .G4h4 of a cent in
terms of the dollar.
..rVse,adkIn weakness Of the FRENCH currency was
Sterling dropped q Of cent, the 0uilder
The discount of the eo-day forward
OF a cent yesterday.
Noon rates follow: Great Britain in
demsnd ddesrs others ess in cents Great Britain
sss{ss aas. hafs' itafs dsmsnd: dasmsnd 5sssst 5:ss:;
Demands--Belsium 1e.s3Ha; Germany
free 40:14: registered. 1855: travel
e415; Holland. 55.40; Norway. 2495;
Sweden; ,6i 62i55a; Denmark. 22sI7: Fin
'pynHsuo.ed eeo1Ttusal 4;5lh; Greece. .a25a
gary ie ao Rumania nS onau0iea .4s HTsentina TINA.
1897: shanshai. a6S'371a: Hons Hong Kong. KSn1s
3o.71; Mexico City. $3.50 offered; Mon
treal in New York. 99.43s4; New York
In Montreal. 10O.56H
Nominal.