davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-08-19
FOREIGN EXCHANGES.

NEW YORK. Aug. 10 P.-Activity in
the foreign exchange market picked up
a little today. but changes in LEADING
European currencies were narrow in terms
Demand Tor gold in the London open
market expanded. indicating holders of
the European political situation.
French franc was UNCHANGED. apparently
due to Premier Daladiers reassuring state
msnt Thgrsday on the future Of the
the Swiss franc oil IA of cent. The
belga was unchapged.
Noon rates follow:
Great Britain in dollars, others in cents:
Great Britain, 4.S7s4; 6O-day bills. 4s1;,
SsnadHa d. Montreal ,n in Neg Uo YeEk
1881; cSecaosloyakis; s;a5h: Dsnmsrk.
Ss.SS; dSeeee ,,oess%:, Hunssrs. 1855;
lands, ~: NoSysy. 2xSi; peisna.
Spain unauoted: Sweden. 25.15: Switzer-
land. 22.91 "a Argentina. 32.49n: Brazil
(freel. 5.s5n; Mexico City, 2O.25n; Japan,
2s.4sn; Hons, Kong, 80; son; SHANGHAI.
wise indicated. Nominal,
Evening star., 1938-08-19
BY the Associated Press.

BY the Associated Press.
NEW YORK, Aug. ia dull and
narrow bond market had for its chief
feature today sharp upturn in a
small group of rails and New York
City fractions issues.
Bonds of Mobile & Ohio Railroad
pushed ahead in response to reports OF
agreement on terms on the long
pending merger involving that road
and the Gulf, Mobile g. Northern.
M. & o. IS of '38, on fair volume.
had advanced more than points by
noon, while the 412s of TT improved
about IA. Other gamers in the rail
division included Wheeling 81 Lake
Erie Is of '66 Cd and Allegheny
Corp IS of "A, each up more than
point.
Soft spots also came to light in the
carrier group. New York Central IS
of 20l3 backed down about points
and smaller losses were recorded by
Santa Fe As of '95. Erie SIS of rs, Great
Northern 434s and Southern Pacific
41as of SO.
Leading the upsurge in the traction
bonds was Interborough Rapid Transit
is certificates with rise of more than
S on small turnover. The rs pushed
up about az and the IS around "a.
The move carried over from yesterday,
when the fractions generally scored
sharp gains on the constitutional con-
ventions adoption of an amendment
authorizing New York City to issue
100000 of bonds to effect the long
considered unification Of traction
properties.
United States Governments and
foreign loans showed minor changes
in slow trade.
Evening star., 1938-08-19
u. S. TRYING PARASITE
TO DESTROY SPIDER

Experiments to determine whether
Haitian parasite known as baeus
latrodecti would be useful in Destroy
ing the black widow spider have been
launched by the Bureau of Entomology
and Plant Quarantine, the Agriculture
Department announced today.
Years will pass before it is known
whether the parasite is effective, it
was said. 1t is being tried now under
controlled conditions in the District.
The question is whether it can adapt
itself to weather conditions in black
widow areas. accustom itself to de-
vouring the black widows eggs and be
propagated in numbers large enough
to be really effective against the spider.
Evening star., 1938-08-19
RAILROAD MERGER
APPROACHES FACT
Gulf, Mobile & Northern and
N. & 0. Groups Give
Approval.
BY the Associated Press.


NEW YORK, Aug. 19.-The Wall
Street Journal says q tentative plan
for consolidation Of Gulf, Mobile &
Northern and the Mobile & Ohio Rail-
road systems has received final ap.
proval of all principal interests in
volved and is expected to be filed early
next month for Interstate Commerce
Commission action. -
The deal. it was said in railroad
circles, would mark accomplishment
OF the first railroad consolidation In
years. =
Proposed terms Of consolidation,
said the Wall Street journal, would
be beneficial to Southern Railway,
which controls the M & O., and the
Chicago, Burlington & Quincy system,
which owns 81 per cent of the COM
mon and preferred stocks of G. M.
g. N. -
Southern Railway would benefit. the
paper said. by divesting itself of some
1925, 900 of NJ g. o. debt with annual
interest requirements of 1921 300. 1t
was added that Southern would prob
ably be able to arrange for the new
consolidated company to assume
dividend obligations of approximately
$226, 600 on M. & o. stock certificates,
now guaranteed by Southern.
Under the tentative plan, the Wall
Street Journal said, BuyDngton would
obtain a preferred stock having pos
sibilities of near future dividends and
common stock which would not have
ahead of it unpaid preferred stock
dividend obligations.
Large bondholders and the Bond
holders Committee of M. e. O., the
Southern Railway, the Burlington, the
Reconstruction Finance Corp and
the G. M. g. N. management. the
story added, have reached general
agreement on the preliminary draft Of
the merger plan. %
Evening star., 1938-08-19
FOOdstuff Prices
Creep Up'oard in
Summer Months
BY the Associated Press.

BY the Associated Press.
The price Of the Nations foodstuf1s
crept slowly upward in early summer
months, but still remains well below
the average for correspor ding periods
Of 1887.
Statistics compiled by the Bureau
of Labor Statistics showed 500 cents
bought as much food in June as could
be obtained with 863 cents in the
same month of 1887.
But the same quantity of food pur-
chased with the 80 and fraction
cents in June could have been bought
for 1911 cents in May.
The department based its figures
on study Of food costs in 81 cities.
Figures for individual districts and
cities included:
South Atlantic, IT'S per cent in
June, IT'S per cent in May and 85.3
per cent in June, 1897; Atlanta, 72.5,
1919 and 83.5; Baltimore, 842, "a and
80; Charleston, s. c., 1872, 1873 and
1913; Jacksonville, 1853, 1853 and 1913;
Norfolk. TAT. 761 and Sc; Richmond,
TOT, 709 and 817; Savannah 78.4,
772 and 843;;> Washington, 80.6, 79.4
and 87.1.
Evening star., 1938-08-19
FOREIGN MARKETS.

LONDON. Aug. 10 0P.-The end Of the
account period today tempered trading in
the stock market and price movements were
narrow. International shares were, sen.s
a firmer undertore. Coppers We're 'Hi" about
unchanged and rubbers moved evenly. 4
Oiis were steady; Domestic raus were
mi&nents assisted the industrial section.
British funds were about UNCHANGED.
PARIS, Aug 10 P.-The Bourse closed
generally heavy today Rentes finished up
so centimes to down 2S5. Bank of France,
however. gained 140 francs. Royal Dutch
added 20 francs and Suez Canal 80.
LIVERPOOL Aug. 10 LP.-Cotton fu-s
lures closed unchanged to Id higher todayss
in a quiet market Light hedge selling wa4s
taken by. locals Influenced by hrmness ass
Alexandria. Export trade in cotton tex%s
tiles at Manchester remained disappoint~
ing. In lifeless tIadins whest iuturssa
milling 14d lower today due to absence Of
oners.
Evening star., 1938-08-19
IMPORTS OF GOLD
TOTAL $14914,063
Shipments Are Smaller Than in
Previous Week, Commerce
Department Says.
BY the Associated Press.

BY the Associated Press.
The United States imported SABA
063 of gold in the week ended Au-
gust r.
The Commerce Department said to-
day imports were smaller than the
preceding week, but were larger than
other recent weeks. Shipments in
cluded s3,s40,000 from Sweden, So
740,4s2 from the United Kingdom,
81, ,683. .636 from Canada and 81 ,170,119
from Mexico.
Silver imports amounted to sl,248,-
140, including $685,791 from Mexico
and 1892 ,848 from Canada.
Evening star., 1938-08-19
Middle West Corporation.

Middle West Corp. and subsidiaries,
exclusive of Central Illinois Public
Service Co. and Lake Superior District
Power Co.. reported for quarter ended
June 80 consolidated net income OF
1851, ,764.
The net was after various deduc-
tions, but with no provision for sur
tax on undistributed profits. 1t equaled
10 cents a share on 3.247, ,865 shares
of common stock outstanding and
compared with net Of $233.9l7 and Z
cents a share on 3,l94,050 shares out
standing in the like quarter last year.
For the six months ended June 80
net income was $702,6l7 equal to 81
cents a common share, and compared
with net of $419,620, equal to l3 cents
a share, in the like six months last
year.
Evening star., 1938-08-19
FEDERAL LAND BANKS
U. S. TREASURY POSITION
By the Associated Press.

By the Associated Press.
The position of the Treasury August
II: Receipts S13257 .a3s .6s: expenditures.
S20,o34, Ill 06: net balance. S2.274. $780,
O35 45 including S1679,652, ,276.47 work
ing balance; customs receipts for the
month, S15,o9S.159.aq.
Receipts for the fiscal year (since July
u, S692,255,7 ,729.4s:. expenditures ST.
1882. o53 .06. including S344. or .643 .33
Of emergency expenditures: excess of ex-
penditures, S495.336, 1885: gross debt,
S37'4d6'34 ,22l:3l; an increase OF $52i,,
assss Il sSosi ts sFsv0us day. gold
Receipts for, August, 1887 comparable
date last year.. sis: :39s.267. %; expendi-
lures $50, ,341 .904 15; net balance, ST.
s47, 202 063 .6s, including S1,03s, ,707,-
27s.09 working balance. customs receipts
for the month. S22. .454, 154 .o3: receipts
penditures, 81; ;os5: :oss.os4 As including
S30o,s10.553 SO. of emergency expendi-
1909: gross debt, S36,95Is7l,573.4 40;
gold assets, S12,5271 122, ,297 54.
Evening star., 1938-08-19

rim bankruptcy or receivership or being
reorg aniZed under the Bankruptcy Act or
securities assumed by such companies.
are annual disbursements based on the
last quarterly or semi-annual declarations.
Unless otherwise noted special or extra
dividends are not included.
Alison extra or extras. eDeclared or
paid SO far this year. no regular rate.
PAYABLE in stock. 80 Paid last year
paid or declared this year. WV With
warrants. Nv without warrants. war War
rants.
Evening star., 1938-08-19
u. S. DOLLAR ADVANCES
IN TERMS Of STERLING

Py the Associated Press.
LONDON, Aug. 19.-The United
States dollar advanced q of cent
in terms of sterling today. The unit
finished 4875s to the pound, COM
pared with sterling at $4.877s in New
York overnight.
French francs dipped slightly to
close 1881 to the pound, against
1887 yesterday.
Evening star., 1938-08-19
S. /. DAVIS is ELECTED
HUPP co. PRESIDENT
Bythc Associated Press.

Hy/tnC kSSUCIkVeu FleSS,
DETROIT, Aug. l9.-The Hupp Mo-
tor Co. announced today that its board
of directors had elected s. L. Davis of
Chicago as president to succeed Tom
Bradley, resigned. Davis Immediately
announced the appointment of Nor
man de Vaux, for many years active
in. Pacific Coast automotive affairs, as
general manager in charge of opera
tions.
The election of Mr.. de Vaux and
Edward Rothbart OF Chicago as mem
bers Of the board also was announced.
Evening star., 1938-08-19
NEW YORK SUGAR.

NEW YORK. Aug. 10 .H1.--Raw sugar
2.75 for spots. with no sales reported.
Futures were steadier on increased COW
ering in September and scattered com
sitions. September No. 3 sold UP from
III to 1.7g and March from 30 to
] 90. or to 3 points net higher. Septem.
BEL. No. advanced to .ss or point mel
Refined was unclaimed at 4.25.30 fer
t.na;1.a ,,ns sTsrulsted with m0dsr1's Withdrawals
Evening star., 1938-08-19
STATEMENT is ISSUED
BY NEW YORK RESERVE

By the Associated Press.
NEW YORK, Aug. 1e.-Member
bank reserve account showed a further
rise of $48,0o0,000 during the past
week, the condition statement of the
Federal Reserve Bank of New York
disclosed.
United States Treasurer general ac-
count decreased s4,000.000. Federal
Reserve notes in circulation increased
around $8,5o0,0o0. Holdings of United
States Government bonds were un-
changed.
The condensed statement follows:
Evening star., 1938-08-19
Paris Quotations.

PARIS, Aug. 10 R.-United States
dollars ended 1910 francs (2.725 cents
to the franc) in foreign exchange
dealings today. In comparison the
franc was 2.727 cents In New York
overnight. Exchange on London,
1877.
Principal rente issues in the Bourse
closed: 8 per cent, 1890; Ans a."
77.50! 41as, 1897, 134.25.
Evening star., 1938-08-19
oDD.LoT DEALINGS.
Fy the Associated Press.

The Securities Commission reported yes
terday these transactions by customers
with odd-lot dealers or SPECIALISTS on the
New York Stock Exchange for August II;
3,43s purchases involving "a. .344 shares;
3,964 sales involving 101 .460 shares.
Evening star., 1938-08-19
100 TONS OF LEAD SOLD.

NEW YORK Aug. 10 0N.-St. Joseph
Lead Co. reports 100 tons of Southeast
Missouri pig lead sold yesterday at S47S
per 100 pounds, East ST. Louis, and so
tons at the New York average.
Evening star., 1938-08-19
CRUDE RUBBER FUTURES,

NEW YORK, Aug 10 0P.-Crude rubber
futures opened lower to ! higher Sep.
ternber. 15.92b; December, 16.12.14;
March, 1920. Bid.
Evening star., 1938-08-19
JULIUS KAYSER CO. 4.
INCOME IS $119,47O.
Puerto Rican Tobacco Co.
Reports $83,280 Net
Loss in Quarter.
Fy the Associated Press.

Fy the Associated Press.
NEW YORK, Aug. 19.-Julius Kay
ser & Co. and subsidiaries, manufac-
turers Of silk and cotton goods, re-
ported today for the fiscal year end
ed June 80 net income of $l19,470,
equal to 10 cents a share on the
common stock, compared with $9l7,-
9s5, or s218 a share, in the preced-
ing fiscal year.
Puerto Rican Tobacco.
The Puerto Rican American Tobacco
Co. for the three months ended June 80
showed net loss of SS3, 3,2S0, exclusive of
the company's proportionate share
Of the net loss OF its subsidiary. Con-
gress Cigar Co., which was not set
forth. In the previous quarter the
net loss amounted to 1872, and in
the June quarter last year the deficit
was $ss,es6.
For the first half the loss totaled
$l66,6l2, against a loss Of $l92,612
in the first six months of 1897.
American Chain e. Gable.
American Chain g. Gable Co. re-
ported for six months ended June 80
net profit OF $l55,193 after charges,
equal after preferred dividend re-
quirements to about l cent a share,
compared with sl,920,247. or sl.83 a
share, in the first half of 1887. The
1897 total did not include a refund
of prior years Federal excise taxes
with interest totaling s393, ,946, re-
ceived in the 1887 period. The COM
pany declared a dividend of IS cents
on the common. payable September Is
to holders of record September s, the
same amount as paid June IS. The
company has plants in Connecticut,
New Jersey, Pennsylvania, Michigan.
Indiana. Ontario and England and
manufactures chiefly chains, cables
and automobile accessories.
Evening star., 1938-08-19
MONTREAL SILVER.

MONTREAL. Aug. 10 GP.-silver fu-
42.4O; September, 42.I5; December. 41.s5.
Evening star., 1938-08-19
FOREIGN BONDS,

ww--With warrants. xw-Withoutvrs
rants New. st (stpl-Stamped
sNeeotiability impaired by maturity.
fCompanies reported in receivership.
Evening star., 1938-08-19
4.543.941.000
4,655,461. 900
Washington Exchange
SALES.

Washington Loan & Trust Colo at
235.
Evening star., 1938-08-19
pere Marquette,

Pere Marquette Railway reported
today a seven-month deficit of s2,-
55l.776, after all charges, compared
with profit of $l,282.0l3 in January
July. 1887. July showed a 1888, 1853
deficit, compared with profit Of $780,
227 in July, 1887.
Evening star., 1938-08-19
INVESTING COMPANIES

NEW YORK. Aug. 10 P.-Investment
Bankers Conferences, Inc.
moon quotations.
Evening star., 1938-08-19
NEW YORK BANK STOCKS

NEW YORK Aug. 10 LP.-Investment
Bankers Conference, Inc:
Quotations as of 9 o'clock
Evening star., 1938-08-19
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
MISCELLANEOUS
STOCKS.
PUBLIC UTILITY,

Amer. Tel d Tel. d. 140h -.
n. 4 ". steamboat ~ so so
Pot. El. Pow. SO pfd. (6)s113 -
Pot E; p baes pf. $3.50 lib -
Wash. Gas 1t new G.2O) 81 %
Wash. Gas pfd. t4.5O) 99lb 997
Wash Wash. Ry e com, tg36> 800 -
Evening star., 1938-08-19
DIVIDENDS ANNOUNCED

NEW YORK. Aug. 19.-Prepared by the
Standard Statistics Co.
Participating.
Pc Stk of Pay
Rate. Rod record. able.
Mayer. o Co Sc n,
ptc pf- --25c - SO H-ddo
Asbestos Corp Ltd Boo - els $50
ChesbrouEh Mfg Co zs ,s
Loews' Boston Thea ST .35s-e- s-22 s-27
Interim.
Cluett Peabody 15c.
Omitted.
Park a. Tflford.
Evening star., 1938-08-19

gstwn & T Is s1-- 1921 1924 102A
Evening star., 1938-08-19
NEW YORK CURB MARKET
lBy private wire direct to The Start

Stock and Sales
Dividend Rate Add 90. High. Low. Close.
Aero Sunnlv (Rl Az Az az
Milford chronicle., 1938-07-22

tended to fan off, in spite of eyerJ
effort to keep the Unstable. Now II
seems possible that the trend has
changed. But it Is anybody's guess
/ due to the uncertainty of our own as
well as the worlds credit structure
and tax policies, not to mention the
possibility Of wars and labor trou-
bles.
The inventory situation is another
factor in the stock upswipg. on
June /, wholesalers stocks Of mer-
chandise were 14.5 per cent under a
year before. In some ssnes inyen-
tories are at excessively low levels,
and signs Of increased buying have
appeared. 1t is expected that this
will steadily. but perhaps slowly. in
crease and reach substantial pro-
portions this fall.
SO far as the ending-spending
program is concerned. many experts
believe that it win bea less impor-
tant factor than the optimists hope,
for 1t means more debt and taxes.
Congress has made available Tor this
purpose about three and three-quar-
ter billion dollars. Apparently every
effort will be made to put the money
TO work with rapidity. But, as Paul
Mallon recently wrote, "The govern
ment is just not geared 20 function
like spigot It is still the snail
crawling through indispensable red
tape" Mr.. Mallon estimates that
during the next six months only
6s03. .OO0. 900 more will be spent than
in the six mouths ending June 30. !
Using his figures, WPA spending for
this period win be up 1884 900, 900:
AAA soil conservation payments will |
be down $31,OO0,O00; commodity
credit loans will increase $13S,0OO.-
BOO.
1t is possible. of course. that these
estimates may be proven entirely
wrong. If the government manages
o cut some of the red tape and get
he program running in high gear
n record time. But past precedent
indicates that It is unwise
o expect too much in this direction.
Summing up. the week surveyed
marked the arrival of the first real
Milford chronicle., 1938-07-22
ECONOMIC HICHLICHTS
HAPPENINGS THAT AFFECT THE DINNER
Pans DIVIDEND CHEcKs AND TAx
Bills oF Every INDIVIDUAL
NaiieHaf aad Igfernalioiiai ProblfRs
Iasefarakls from Local WeIfags


The remarkable upturn in activity
on the New York stock Exchange
during the week ending June 2s-
described in an Associated Press
dispatch as zone OF the best weeks
In market history came as an un-
looked-for boon to business and in
vestors. Stocks advanced in value
for six consecutive days, with daily
gains averaging one to 1--WE points.
Five hundred and twenty-seVen is
sues advanced in value on the typi-
cal last day Of the week, as against
1O4 which declined. Thirty-five is
sues touched new 1888 highs, and
non reached new lows. For the week,
turnover was in excess Of 10000, 900
shares-best since the week ending
October 80. 1937-as compared with
100000 shares in the week preced-
ing. The AP average of so represen-
tative stocks stood at 45.5 on June
rs. as against S7.4 a month before.
In spite of the rise, however, values !
we're still far below those prevail /
ing at this time year ago.
What caused the upturn, in the |
face of increasingly gloomy predic-
tions as to the outlook for summer
business, and steady downswing in
the state of expert sentiment? So far
as can be seen, no single concrete
factor was responsible. 1t is prob
able that the improvement came
from q combination of the foIloWinp
factors-a recent strengthening in
prices, statements by
government oficials that funds pro-
Eided under the new lending-spend-
Ing measure will be put to work
'apidly,. and the low state of busi-
ness inventories.
The commodity price situation, up
o very recently, has been a black
pot in the economic picture. Prices /
Milford chronicle., 1938-07-22
RADIANT LIVING
,RINsoN cRUsoE,s pIscovERY
BY Rev. c. M. Griffeth ;
Methodist Pastor OF
Deals Island. Md.

Every one has been fascinated by
the story of Robinson Crusoe, ship
wreN:led upon that lonely island, the
sole survivor of that ill-fated voy-
age.
/ Especially fascinating is the incl
dent of his finding, after having hv-
ed for some time on this uninhabit-
ed island, a footprint of another per-
son on. the beach sand.
But Robinson Crusoe made an
other discovery while upon that is
land which has often been overlook
ed.
1t happened one time when he be-
came very sick. He went to his old
sea chest which he had managed to
get to shore after the wreck to see if
he could not find in il a bit of tobac-
co to use as a medicine. In looking
through the contents of the old sea
chest he ran across a copy Of the
Bible. He opened the book casually
and the first words which he saw
were these:
Call upon me in the day of tron-
BILE and 1 will deliver thee, and thou
shalt glorify me-"
Was not he in trouble? What man
could be in greater trouble-ship-
sick, and alone!
That night he did something that
le had never done before in all his J
ife. He knelt down and prayed and (
lsked God to make this divine prom
Sc good to him upon that lonely is
and.
Before he found his man Friday"
robinson Crusoe found God. 1t
ook a shipwreck experience to
waken him to his need. But when
e reached the end Of the road of
is extremity, he found God there
Taiting to help him.
Perhaps you too are in some des-
crate need. Why not turn to God?
lis help is awaiting your asking.
Milford chronicle., 1938-07-22

known farmer and poultryman. wa.
found dead in bed on Wednesday
night of last week at his home near
Long Neck. He Ia survived by wife
and two sons. Funeral services were
largely attended on Sunday after
noon from Hickory Hill Church, near
Millsboro.
The nineteenth annual Red Cross
swimming and life saving campaign
for Delaware school children Of the
Georgetown district will be held at
Oak Orchard from Monday, August
8 to ~, inclusive.
Mr.. and Mrs. Calvin Esham Of
GumborO, spent Friday evening with
her parents, Mr.. and Mrs. Lawrence
Lingo.
Mr.. and Mrs. Carlton Lingo and
Mrs. a. H. Lingo attended the fu-
neral of Mrs. Clara Wilson, widow
of Asbury Shepard Wilson, held from
the Carey Funeral Home in George
town on Thursday afternoon Of last
week. Interment was made in Union
NJ. E. cemetery. Mrs. Wilson was
well known in this vicinity and was
a sister of L. R. Lingo Of near here
Mr.. and Mrs. Warren Wheatley
and daughter Barbara Ann of
have been visiting her
Mr.. and Mrs. George Swain
at Riverdale.
Mr.. and Mrs. ]. E. Calhoun apd
family were Sunday guests of her
mother, Mrs. A. H. Lingo.
Mr.. and Mrs. Basil. Perry and
family, Mrs. Jennie Perry Of near
St Johns spent Sunday at Oak Or
hard. .--.3. ar.
Miss Mildred Wilson Of Harring-
on has returned home after a visit
With her grandparents, Mr.. and Mrs.
= R. Lingo.
Mr.. and Mrs. James Calhoun Of
spent Friday evening Of
asst week at Oak Orchard.
Mrs, John Yeasey is the guest Of
er daughter and son-in-law, Mr.. and
Irs. Clifford Greene.
Mr.. and Mrs. Kendall Warrington
ere Georgetown visitors on Satnr-
ay night. ..r.- ...c.
Mr.. and Mrs, W. C. Cordry spent
lnday afternoon at Oak Orchard. :
Mr. and Mrs. A. Hazard and Miss
atherine Joseph spent Friday eve,
it'll Mr.. and Mrs. Ura Stevenson.