davidaulloa/AmericanStories huggingface dataset:
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-08
4ackn.aa4 Na1ce4

association opened its eleventh
annual show at the armory.-At-
torney Thomas ?. Reed Jr. open
ed law offices here.-Edna Balko
and Max Swigart We're married.
Sleepy Eye acquired canning
factery.--Harold Campbell, Char
les Storts and Virginia Wilcox
received prizes in the Gazette's
letter-to-Santa-Claus contest
Mrs. John H. Balfany of Wanda
died.-Marian Alexander enter
tanned the Queen Esther society,"
The court house family" had a
farewell party for Commissioner
George Schmiesing at his last
meeting with the county board
Geraldine johnson and Harley
Kolp were married.
5 YEARS AGO
F. B. Forbes, recorder, was the
first to file for the city election.
III. L. Stedman of Redwood
Falls was elected new president
of the Farmers Holiday associa-
tion.-John Arnett was named
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-08

PROBABLY NOT LESS THAN TEN
thousand government employees are engag-
ed in writing and sending copy" to the
newspapers, not one tenth of one per cent of
which is ever used directly or indirectly. As
news nearly all of it rates zero minus, but
its dandy way of spending public money
and fooling a lot of people into believing they
are news writers.-Fairmont Sentinel.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-08

IT,, died at the Grant Martin
arm.-Boy Scouts were repairing
old toys for the needy. - The
Cards opened the basketball sea-
son with 20 to II win over
Sleepy Eye.-Bud Malchow was
made manager of the Aberdeen
Gamble Store and K. H. McCaus-
land was promoted to manager Of
the store here. L. Dolan took
office as postmaster at Miroy.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-08

TO THOSE OF US WHO WERE NOT
completely happy at election results there
is one small compensation. f-and when
the Republicans get around to keeping just
half of their campaign promsises we will
think the millennium has arrived.-Stillwater
Post Messenger.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-08

WE THOUGHT WE HAD HEARD
enough about Wally but it was relief to
see her name in the headlines from Europe
again. By the way her marriage has al
ready outlasted some peace pacts made
about the same time, hasn't it?
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-08
JAPAN HAS BEEN OUR BEST CT

"YOU CERTAINLY CAN'T IMPROVE
on nature" the sweet young thing said as
she looked over the beautiful autumn scene
''Not blemish. An artist able to catch the
exact coloring would be said to have over
done it. Really nature is perfect, isn't it,"
she insisted as she adjusted the car mirror
and got out her own kit for improving on
perfection.
Evening star., 1938-01-21
TAX REV|S|0NPLAN
HIT BY V|RG|N|AN
E. H. Lane of Alta Vista De-
c|ares New Proposals Are
Worse Than Original.
By the Associated Press.

BY the Associated Press.
The House Ways and Means Com.
mlttee received complaint today
that its tax revision program would
be worse than the 1886 undistributed
profits tax act.
1t came from E. H. Lane, Alta Vista,
Va, head Of the Lane Cedar Chest Co.
Most witnesses have said the tax
revision plan would be superior to
existing law, but Mr. Lane asserted:
You fellows have been issuing
statements to the press for the last
two months telling us that you are
going to relieve business of the in
equities Of the undistributed profits
tax. Now you come back and propose
to enact a bill that is worse than the
other and will be even more harmful"
Hits Closed Corporation Plan.
He hit particularly at a proposed
special tax on closely held corpora
tions, contending it would break up"
family-owned firms like his own.
Thomas w. Hardwick. Washington
attorney and former Senator from
Georgia. appealed to the committee
for removal of an excise tax on cleans.
ing and cold creams.
The tax legislation soon will be ready
Tor House debate, as the committee is
nearing the end of public hearings.
A tax expert of the Chamber of
Commerce of the United States ad-
vlsed the committee yesterday to
gamble on receipts from taxes as a
means of avoiding $4,000 900
deficits.
Sees Huge Deficit.
Ellsworth c. Alvord, Washington at
torney, warned of a $4,000. 900 600
increase in relief appropriations and
s3,ooo,ooo,o0o deficits unless the cur
rent business decline is halted.
For the $4,000 100000 on one side
OF the ledger" he said, 1T seems to me
you could well gamble on receipts"
To combat the recession, he said,
confidence must be restored to busi-
ness men and their fear eliminated.
Accordingly, he advocated that Con-
gress concentrate on prescribing a
sound, sensible revenue system"
without regard to whether it would
produce enough to finance all Gov
eminent spending.
A deficit Of hundred to three hun
dred million dollars makes no differ
ence If the net result of the tax sys-
tenn will be to prevent $4,000, 900 900
deficits. Mr.. Alvord contended.
As part of sound and sensible"
revenue program he called for repeal
OF the undistributed profits tax. He
dubbed it "the tax without friend"
What tax has a friend?" asked
Representative Vinson, Democrat. of
Kentucky.
Evening star., 1938-01-21
CHICAGO PRODUCE.

CHICAGO. Jan, p lo.-Poultry. live. 10
so and and.9 av'! broe1s bnSanas
under pounds; colored, Plymouth and
cludinE 2 pounds colored. 2l: Plymouth
Rock. s3: 'capens. less than 2 pounds a5:
Dressed market steady prices unchanged.
Butter, s27.s12; unsettled; creamery ex-
9D. 32-32ls: firsts ,lss:s9l. 3i-3IIs:
standards 900. centralized carlots). 50:
,.!, Esssl 5;9s9; soi weak; fresh ssaded extra
90 cars; soH: s current Gu rent RECEIPTS, isE
shipments, 800. Supplies liberal. old
stock dull. demand very light. Sacked
No. l. 1.30-3S: Colorado Red McCiures
eon.'n eottSn iscns en.a s;to & No. + 42.45; WIS:
Michigan .Husset Rurals, q. 3. No. i.
I;o7H New stock. slishtly weaker. de-
Ne: !. bushel crates: 200; Texas. Bliss
Iriumphs, q. 8. No. /, 100; q. B.. No. 2,
1.76 crate.
Evening star., 1938-01-21
GOLD AND SILVER
PURCHASES SHOWN
81 500, 100000 Worth of Yellow
Metal Acquired by Treasury
During Year.
BY the Associated Press


The Treasury announced today 1t
bought 81 ,5O2, 400 900 worth of gold and
3l2.2o5,l0o ounces Of silver last year.
OF the gold purchases, $780, $50 900
came from foreign countries. This
movement Of gold toward the United
States, however, has been virtually
halted in the last two months.
The silver purchases included 241,-
45,40o ounces of foreign silver, bought
at the world price of As cents an ounce.
A price of 77.57 cents an ounce was
paid for 70,625.3oO ounces of newly
mined domestic silver and so cents was
paid for a small amount of old silver
neld in this country. This year the
Treasury has reduced to 64.64 cents
the price for new domestic silver.
The Commerce Department reported
today gold imports during the week
ended January IA amounted to $751;
2o6, the smallest for any week in many
months. No gold exports were record
ed during the week.
Silver imports mounted during the
week to $6,622,e44, due to continued
heavy shipments of Chinese coin
through England and large shipments
from Mexico.
Evening star., 1938-01-21
OFFICERS REELECTED
BY GAITHERSBURG BANK

Special Dispatch to The Star.
GA1THERSBURG, Md, Jan. al
DR.. Bates Etchison was reelected
president of the First National Bank
OF Gaithersburg, at the annual meet
ing of stockholders here.
Other officers chosen are: Leonard
H. Hoyle, executive vice president;
William w. Hodges, vice president;
c. O. Bordeaux, cashier. and Miss
Leona G. Fulks, assistant cashier
William H. Talbot and John E.
Oxley were chosen as counsel.
Directors elected are Louis D. Bell,
Zadoc M. Cooke, Bates Etchison, Gar
nett Etchison, Edgar Fulks, Mr..
Hodges, Mr.. Hoyle, Mr.. Oxley, j. Sim
clair Taylor and Harold W.. Ward.
Evening star., 1938-01-21
FOWLER NAMED CHIEF
OF ARLINGTON TRUST

By Staff Correspondent Of The Star.
ARLINGTON. Va, IAN. 21.-John
E. Fowler was elected president of the
Arlington Trust Co. in Rosslyn at a
board meeting yesterday.
Others elected are: c. T. Merch-
ant. vice president; Harry R. Thomas,
vice president and trust officer; Alan
B. Prosise, treasurer and cashier;
William c. Cloth, attorney; Edwin F.
Sherwood, assistant treasurer, and
Mrs. Mabel Davis, assistant treasurer.
The following were named to the
board: Mr.. Fowler. Mr.. Merchant,
Mr.. Thomas, Mr.. Cloth. Harry K.
Green, Mr.. Prosise and Julius Marcy.
The annual report showed an in
crease by 100000 in deposits during
1887 over the preceding year.
Evening star., 1938-01-21
NEW POST TALKED
FOR CHARLES GAY
Exchange Chief Is Reported
Unwilling to Serve as
SaIaried President.
Py the Associated Press.

Rv the Associated Press.
NEW YORK, Jan. 21.-The New
York Herald Tribune says Charles r.
Gay. president Of the New York Stock
Exchange for the last three years.
has informed some OF his closest
friends that he does not wish to be
considered for the salaried presidency
which is to be created as part of the
new administrative set-up of the in
stitution."
The newspaper adds that Gay may
be drafted" for a new Office" to be
known as chairman of the Governing
Committee, which will be one of the
most important offices in the revised
organization Of the exchange"
A Gay-appointed committee study
ing the administrative and personnel
set-up of the exchange, according to
financial circles, shortly will recon-
mend naming a full-time, salaried
president for the organization. At
present a president is chosen from the
membership and serves without pay.
Other Changes Weighed.
Other changes which informed
circles say will be recommended in
clude reduction in the size Of the Gov-
erning Committee, consolidation of q
number of standing committees. in
creased representation on the Goy-
erning Committee for partners in
member firms who are not themselves
members OF the exchange and appoint
ment OF representatives Of the public
to the governing body.
'Mr. Gays attitude. as he has ex-
pressed it so some of his friends. is
that he wishes to remove himself from
consideration for the salaried office
to be established as part of a. broad
program worked out by a committee
OF his own choosing" the Herald Tri-
bune says. He is insistent that the
governors, who will select the new
executive head Of the organization,
shall have the fullest freedom and
that they shall not be influenced by
the possibility Of his candidacy. .
Leader in Movement.
1T is no secret in Stock Exchange
circles that Mr.. Gay has been one Of
the most earnest supporters of the
movement to make the presidency of
the exchange saiaried Office. He has
taken the position that. in view of his
attitude on this subject, it would be
improper for him to appear as even
a receptive candidate for the post. His
experience in the Office during three
of the most trying years in the ex-
changes history has convinced him
that it is unreasonable to expect any
member to make the personal sacrifice
involved without adequate compensa-
ton. For him, the presidency has
been full-time job. =
Mr.. Gay assumed the presidency
at critical period in the exchanges
history. soon after the application of
Federal regulation to the Security Ex-
changes. Upon him fell the arduous
task of adjusting the institutions
operations to Government control"
Evening star., 1938-01-21
TRADE ADVANCES
ABOVE YEAR AGO
Increase of z to 8 Per Cent
ShoWn-SaIeS ! to q Per
Cent Over Week Ago.

By the Associated Press.
NEW YORK, Jan. 2l.-Stimulated
by new demand for winter merchan-
disc. retail trade this week rose / to
4 per cent above last week and 2 to 8
per cent above year ago at leading
distribution centers throughout the
Nation, Dun g. Bradstreet reported
today.
Snow and cold weather pushed
winter merchandise to the top OF
shoppers lists" said the credit
agency. 'The impact of this unan-
ticipated demand and the sustained
interest in the aggressively- conducted
clearance promotions made deeper in
roads on retailers falling inventories.
Fur garments, womens coats,
woolen dresses and galoshes were
among the fasteSt-moving items.
Many stocks Of mems suits were
reduced below normal. and enough
overcoats were sold to tighten the
carryover.
Sales of apparel for Southern
resorts and ski outfits for Northern
Fairgrounds increased.
House furnishings, furniture and
floor coverings received more atten-
ton. In silverware and jewelry, en-
phasis was on the higher priced
offerings"
Wholesale trade was 3 to 10 per
cent above last year, the agency said,
but added:
An attitude of carefulness, how
ever, accompanied the placement Of
orders beyond immediate needs. :.
Many retailers restricted their COM
mitments to 80 to 60 days, in sharp
contrast to the policy in January,
1887. when fall requirements were
covered generously. While buying of
spring apparel broadened, it still
failed to reach last years propor-
tions,"
Evening star., 1938-01-21
BANK LOANS DECLINE:
U. S. BOND TOTAL UP

BY the Associated Press.
NEW YORK, Jan. 21.-Decreases
in loans Of Federal Reserve member
banks in New York City during the
week ended January 10 were approxi-
mately balanced by increases In hold
ings of Government bonds, so that
total loans and investments were. re-
ported to be unchanged.
The slump in loans, of course, cre-
ates a need for earning assets which
is met by purchasing Governments.
Loans and investments of members
in the financial center compared as
follows:
Week ended January 19-$7,s52 ,0oo. 900
Previous week---------- 1882 .o0o, 900
Same period last year, 8,568, ,000, 900
Evening star., 1938-01-21
BALDWIN LOCOMOTIVES
ORDERED BY COLOMBIA

BY tEE AssoCIated PreSS.
PHILADELPHIA, Jan. 21.-The
Baldwin Locomotive Works announced
today that it has received an order
from the National Railways Of Colom-
bia, South America, for two 4-8-2
mountain type locomotives for pas
senger service.
This order represents the first pur-
chase of locomotives for export to
Colombia since 1884, the company said.
Evening star., 1938-01-21
MUNICIPAL ISSUE OFFERED.

NEW YORK, Jan. 81 (SpeciaD -
Offering was made today Of 81 1893, 900
City of Philadelphia. Pas per cent
bonds by q banking group comprising
Lazard Freres g. Co.. Blyth & Co.,
Inc, and Bacon Stevenson & Co.
The bonds, which mature sl,3O4 900 in
1862 and s4s5,000 in 1882 (optional
1852, were priced to yield 3.35 per
cent for both maturities.
Evening star., 1938-01-21
NET OF FREEP0RT
SULPHUR JUMPS
Quarters Net Hits $724,393
Against $499,273 for
Same 1886 Period.
BY the Associated Press.


NEW YORK, Jan. 2l.-Freeport
Sulphur Co. reported for the quarter
ended December 81 consolidated net
income Of S724,ss3, equal to SO cents
q share Of capital stock. This COM
pared with $499.273 or 81. cents q
share in the final quarter of 1886.
For the year ended December 81
net income was s2,703,742, equal to
$3.50 a share, against $2,009,784 or
$243 share for 1896.
Langbourne M. Williams, jr., presi-
dent, announced the company has
called for redemption on March IS
al Of the outstanding l2,3o1 shares
of $6 convertible preferred stock at
sl03 a share.
The company's principal producing
properties are in Texas and Louisiana.
julius Kayser & Co.
Julius Kayser g. Co. and affiliated
companies, manufacturers of hosiery
and gloves, reported today net income
of $l02,975 or % cents share on the
common for the second quarter OF its
fiscal year ended December 81, 1887.
This compares with $20l,sS5 or 48
cents the previous quarter and $251 ,757
or so cents the December quarter last
year. Earnings are exclusive of the
Australian and English affiliates.
Directors declared a dividend of 25
cents on common payable February Is
to stockholders of record February l..
During 1887 the company, which has
its principal plants at Allentown, Pa; !;
Brooklyn, Walton and Sidney, N. Y,
paid four dividends of so cents each.
Sunshine Mining Co.
Sunshine Mining Co.. with principal
operations in Idaho, in a preliminary
report reported net profit of s5,40l,- :
457 or 1888 share for 1887. against
$3,909,074 or S262 in 1886.
Evening star., 1938-01-21
BANQUET TO Be HELD
BY BALTIMORE A. |. B.

By the Associated Press.
BALTIMORE, Jan. 21.-More than
700 Maryland bankers and representa-
tives Of financial institutions will at
tend the annual banquet of the Balti-
more Chapter Of the American Insti-
tute of Banking here Saturday night.
Prof. William A. Irwin, head Of the
economies department of Washburn
College. Topeka. Kans., for 16 years,
will be the principal speaker. He has
resigned his college post to become
assistant educational director of the
American Institute Of Banking n New
York.
Evening star., 1938-01-21
NEW YORK SUGAR.

.ur.. s.rs s rissuiss an tod., H. sensr.ss a
after holding. steady early on trade COW
erinR, eased slightly under increased hedg-
commission house buying.
July No. 3 seld from 40 to 2,2a and
list about net unbalanced to : points lower
at p.m. The No. I, 1T the same time.
was UNCHANGED to " net higher, with
March at 1.12 and May At LA.
Evening star., 1938-01-21
Auto Production
Holds at 65,4l8
Level for Week
BY the Associated Press.

DETROIT, Jan. Edwards Auto
motive Reports today estimated this
weeks output of the automobile plants
at 65.4l3 cars and trucks, compared
with 65,735 last week and 1860 for
this week last year.
The survey said that "curtailments
would be likely in the near future in
the plants of several producers, the
probability being that weekly Febru-
ary assembly totals will seek a some-
what lower level than those of jan
uary."
Evening star., 1938-01-21
tive table showed:
DIVIDEND IS ORDERED.

NEW YORK, Jan. 81 (R.-Directors
Of Nash-Kelvinator Corp. ordered a
dividend Of 12l2 cents share on COM
mon stock, payable February 81 to
holders Of record January 81. Last
year the company paid four dividends
Of Is cents Zach on common.
Evening star., 1938-01-21
Yukon Gold .3lE

In bankruptcy or receivership or beine
reorsanized under the Bankruptcy Act. OF
securities assumed BY such companies
Rates OF dividends in the FOREGOING table
are annual disbursements based on the
last quarterly or mi-annual declaration.
unless otherwise noted special or extra
Also extra or extras. eDeclared or
paid so far this year. no regular rate
h Cash or stock Accumulated dividend
paid or declared this year. Wv With war
rants. XIV Without warrants. war war.
Evening star., 1938-01-21
METAL MARKET.

NEW YORK. Jan. 81 R.-copper
s. :S.ss :sIo: ::es5o1y' n iRst .:.y :na sr: .pc
spot so:ss; 1ss. g. Louis. i.sS.. Sine
steady: East ct. Louis sDot and future,
500. Iron. aluminium. antimony, quick.
silver. platinum and WoifrAmite unclaimed.
Evening star., 1938-01-21
80 TONS OF LEAD SOLD.

NEW YORK. Jan. 21 Rl-st
Joseph Lead Co. reports so tons Of pig
lead from Southeast Missouri mines
sold yesterday at $4.7S per 100 pounds
st. Louis.
Evening star., 1938-01-21
new FINANCING LAGS
FAR BEHIND YEAR AGO
~ the Associated Press.

NEW YORK, Jan. 21.-New financ-
ing for the week amounted to $22,-
207.070, against $200,311 ,5l4 for the
corresponding wek last year and $49,-
I'll, 500 the previous week, the Poor's
Publishing Co. reported today.
The comparative table showed:
Evening star., 1938-01-21
|NDUSTR|ALS Up
! ON CURB MARKET
Fair Advances Are Scored
in Quiet and Narrow
Exchange Session.
BY the Associated Press.

by tHt AssUCIdteu FTtSS.
NEW YORK. Jan. 2l.-lndustrial
shares recorded some fair gains In .
quiet and. narrow curb market today.
Early gains in Aluminium Co. and
Pittsburgh Plate Glass stretched to a
point or more near the final hour. Up
fractionally were Pan-American Air
ways, Creole Petroleum and Lake
Shore Mines.
Utility, leaders were offered frac-
tionally under previous closings.
Evening star., 1938-01-21
FREIGHT LOADINGs.

NEW YORK, Jan. 81 P-Reyeru-
freleht carloacngs on railroads reporting
TO-DAY for the week ended January IS IN
Prev. Year
Jan. Is week. ago
Che. 8. OHIO 263nl 23,39a 33'll2
n y. CHI; 4 st. L. 1852 lI,444 l6.!s5
Pere Marquette S1Sl S,0Sl 1O,Se3
Evening star., 1938-01-21
Washington Exchange
SALES-AFTER CALL

Potomac Electric Power SO pfd.-5
at 1872.
American Security & Trust Co.-91 at
Evening star., 1938-01-21
Statement is ISSUED
BY new YORK RESERVE
By the Associated Press

BY the Associated Press.
NEW YORK. Jan. 21-Pointing to
further seasonal contraction in money
in circulation the weekly condition
statement Of the Federal Reserve Bank
OF New York reported Federal Reserve
notes in circulation down another
S5,000,000 to S920,l59,OO0.
Reversing recent trend, discounted
bills were down moderately. Holdings
OF United States Government secur-
tiles were unchanged Member bank
reserve account expanded about SAT-
100000 as compared with the previous
week.
The condensed statement follows:
Gold certificates on hand and
due from U. S. Treasury $3.50 us 600
Total reserves - 3172 S65 900
Evening star., 1938-01-21

Farm income In Chile ID expected
to drop 1t least 80 per cent tpis year.
Evening star., 1938-01-21
RESERVES
DECLINE IN WEEK
Return Flow of Christmas
Cash Is Offset BY Treas
ury Changes.
b the Associated Press,


Excess reserves Of the Nations
banks declined In the week ended
January 10, the first decrease since
Christmas shopping temporarily
pulled cash out Of the banks, the Fed
eral Reserve Board said.
The excess reserves. which consti-
tute the banks supplies Of lendable
money. decreased $4,000 900 to ST.
370.000,0o0. Although Christmas
money continued its return flow to
the banks, this trend was offset by
routine increases in Treasury deposits
in Federal Reserve banks and in de-
posits Of banks not members Of the
Federal Reserve System.
The decrease in excess reserves was
not rgarded. howver, as being signifi-
cant because In the previous week they
reached the highest total in nearly a
year. They remain ample to meet
business needs.
The reserve banks made no net
change in their holdings Of Govern
ment securities last week, but sold
Sl9,000.000 Of Treasury bonds and
bought sl2,00O,oO0 of Treasury notes
and s7,oO0,o00 Of Treasury bills.
Changes in member bank reserve
balances and related items during the
week and the year ended January 10,
1888, were reported as follows:
Jan. 10, Jan. 12. Jan 90,
1898. 1888 1887
Evening star., 1938-01-21
FOREIGN BONDS.

%IS 81 81 soq m N.Y. rs sss q g.. $SsA SSn
ww-With warrants. xw-Without war.
rants. New. st lstp)-Stamped
sNegotiability impaired by maturity
accompanies reported in receivership
Evening star., 1938-01-21
U. S. TREASURY NOTES.
NEW YORK, Jen. 21 R.-Prices quoted
IN dollars and thirty-aeconds:
Approx.
Asked. yield
RUBBER FUTURES.

NEW york, Jan. Fl 0s1.-crude rub
A6.12-1s; May. 1929: July. 15.40-12.
Evening star., 1938-01-21
INVESTING COMPANIES

. NEW YORK. Jan. ~ GPl-New York
security Dealers Association:
Noon quotations.
Evening star., 1938-01-21
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY
MISCELLANEOUS

Chevy Chase CLUB 1st 4As lO3
Gol Country iL Club 1st !.s lo3 -