davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1938-05-06

On a basis of present earnings
there are not more than a half
dozen" railroads that can last
more than a few years, he said.
Testifying on an emergency bill
to empower the RFC to make len
lent equipment and work loans to
the carriers for one year, Jones
described the measure as merely
one of a series of homeopathic
doses" which the stricken rail
roads need. However, he foresaw
no panacea of relief in the bill,
designed to cause the reemploy-
ment of an estimated 100000 rail
workers who have been furloughed
or discharged since last Septem-
haT
The Washington times., 1938-05-06
NO APPLICATIONS


IT don't know whether the
railroads are going to want these
loans or not" he said. I'VE
haven't a single application on
file.
Very few roads need equip
ment. Most of roads have got
more equipment than business"
However, a number of them
are nibbling for these new fan
gled trains-these dressed up
trains. Maybe they'll want
loans for them.
Some of the papers said that
I said it would put 100000
men back to work. I think we
will be lucky if there are enough
loans made to put $4,000 to
10000 back to work"
"SOME VALUE" TO U. S.
He endorsed the bill, however,
on the ground that the nation
generally would receive some value
if railroads bought new equipment
under the proposed program and
furloughed workers went back to
work.
In discussing the present condi
ton of the $26, 900, 100000 railroad
industry, Jones named only foul
that he considered to be "wel
financed" although he said there
were probably a half-dozen."
Those named by Jones were the
Chesapeake and Ohio, the Unior
Pacific, the Norfolk and Western
and the Louisville and Nashville
Railroads.
BILL SENT TO SENATE
The Senate Banking and Cur
rency Committee reported a simi
lar authorization bill yesterday
Members of the House Commit
tee indicated to Jones they woulc
report an identical measure TO!
House passage Monday.
The legislation was devised {
week ago at a conference at
tended by Jones, members of the
Senate and House, and representa-
tives of railroad management ano
labor organizations.
The Washington times., 1938-05-06
Business Self-Help
ByLOCal Confidence
Is Urged by C. of G.
Industrial Group SDings AUay from Policy
Of Attacking NeUU Deal L0IDS
Ry EDWARD B. LOCKETT

INS.) Swinging completely away from its attack-and
condemn technique the United States Chamber of Commerce
today set in motion machinery designed to permeate self
help doctrine through business leadership in every city and
Evening star., 1938-04-25
Figures
What They Mean
By A. A. PATTON,
Associated Press Statistician.

NEW YORK, April 2j.-Residential
building has improved substantially
during the last month after allowance
for normal seasonal factors.
The Associated Press index of resi-
Dental construction. adjusted for sea-
sonal and building material cost
changes. has jumped from 4l8 per cent
of the l929-30 average at the end of
February-the low for the current re-
cession-to 462 in the latest period.
This 10 per cent increase, one Of
the sharpest in recent years, is judged
by analysts to have resulted mainly
from the efforts being made by the
administration TO stimulate home con-
struction, although favorable weather
Is also consideration.
Mortgage money has been made
available at more reasonable cost to
the borrower. To stimulate bank par
ticipation in such program, the
Government has agreed to guarantee
up to 80 per cent of certain loans.
Another factor said to have helped
stem the downward sweep of build
ing operations is the fact rents have
fallen relatively little from last years
peak. A survey by the National In
dustrial Conference Board recently in
dicated rents had dipped only per
cent from the high.
Evening star., 1938-04-25
GUARANTY TRUST
DOUBTSU.S.PLANS
Business Survey Declares
Basis for Sound Recovery
Lacking.
BY the Associated Press.

by tHe hSSOCldteQ fIebS.
NEW YORK, April 25.-The Guar
anty Trust Co. of New York in its
monthly business survey said today
the administrations new recovery
program, viewed as a whole, Can
hardly be expected to promote the
confidence upon which any sound bust
ness recovery must rest
The bank added:
Pump printing is based on a dis
proved theory. 1t can probably pro-
duce a temporary upturn, but that
will be merely an opiate. If the puni-
removed, there would be no need for
wild spending, and unless it is re-
moved spending will not give sus-
tained prosperity.
The theory underlying the pro-
gram is based on the false economic
premise that prosperity can be created
by taking money in the form of taxes
from one group and giving it to an
other
The blif that. as the national in
come rises, spending and debt can be
reduced is disproved by events. More
spending means more taxes and taxes
affect every one. Too much debt was
primary cause of the crash in 1929
and the ensuing depression.
We are now trying TO cure the de-
preston by creating more debt"
From long view. it held. the pro-
gram is clearly inflationary in the
sense that it removes some of the ex-
isting limitations on eventual over
expansion of credit
Turning to business, it noted pro-
duction Of basic chemicals was higher
in March than at the beginning of
the year, although industrial output
generally remained practically un-
changed in the first three months of
the year.
The chemical industry, it pointed
out, accounts for almost one-fifth of
the Nations manufactures and its
products are widely consumed in other
industries.
Perhaps the most encouraging re-
cent development, the bank said. has
been the recovery in security markets
since the end Of March.
Evening star., 1938-04-25
FOREIGN EXCHANGES.

NEW YORK. April 25 lP-The French
franc advanced sharply in foresn ex-
change dealings today as the oficial con-
troll gave vigorous support to the market
A sain Of .0Sh of cent erased a
good part of losses the unit suffered late
last week when series of DEVELOPMENTS
spotliehted financial difficulties of the
Daladier government
A decrease in the rate for 90-day for
of cent came on, the heels of an an
plan dealing with French economic and
financial rehabilitation empha sizing con-
tinued freedom in foreign exchange and
maintenance Of the tripartite monetary
accord
Changes elsewhere in the currency list
were narrow. Sterling gained u OF
cent and the Ruilder % of a cent Belsas
slipped .0@l2 of cent. while the Swiss
iranc Nc was Sun unchansed banged c. ~
demand de1a1s others sa in csht eents GTsst srtsn
s,lIS; s,I;.s s:ss,,. rrsnss ssmsnd s5Ss.'
Demands-Beleium. 1851: GERMANY,
40 %: benevolent II 65: travel "a 4I5:
Holland. 55 5.69; Norway. 25 OSia Sweden,
25.72h: Denmark 222a: Finland 90;
Switzerland, % 90; spain unauoted: Por-
tusal. 53ss; GIeeee 90: Poland 1890:
man,s aea' Son 80 ArfeRina TeRD p an,ass, SEssl
27aO; Hong Kong 81 90: Mexico City.
2550n: Montreal in New York az. 80;
New York in Montreal. 1O05O. Nom
inal.
Evening star., 1938-04-25
Douglas Requests
Power to Control
Trust Indentures

BY the Associated Press.
Chairman William o. Douglas Of
the Securities Commission told 4
House Interstate Commerce subcom-
mittee today Congress should enact
legislation to permit the commission
TO regulate trust indentures.
Testifying in support of such q
measure, Douglas said the interests of
these security holders have not been
protected as they should be.
He said S. E. c. supervision of
indentures probably would interfere
with the right of private contract,
but that the commission believed the
interference would be constitutional in
view Of the public interest.
An assistant to Douglas said $40
600 900, 900 of trust indentures are out
standing. The volume was increased
by s2,5O0,oOO,OOO in the l2-month
period ending April /.
Evening star., 1938-04-25
RETAIL ADVERTISING
DOWN 9.8 PER CENT

CHICAGO. April IS (SpeciaD.-
For the week ended April 16 retail
display advertising dipped 98 per cent
under the corresponding week of last
year, according to report released
here today by Advertising Age, ma
tional advertising newspaper
The report measures retail display
in so major cities and shows a total
OF 21,772,561 lines for the week,
against 24133,995 lines for the COM
pared 1887 week, loss of 1851, ,434
lines.
Cumulative totals for this year
through the date reported show 287,-
919,932 lines for the measured cities,
against 314,925,614 lines for the COM
parable period of last year, the loss
of 27,005,682 lines equalling SO per
cent.
Compared with 1886, this year
shows loss of 2.3 per cent, the pub
lcation stated.
Evening star., 1938-04-25

NEW YORK. April 25 lP.-Eegs. 25.-
Boa about steady Mixed colors, special
packs. 21-22A:- standards 2O1a-A: firsts,
lss.-19; seconds. 1s-1sh; mediums and
dirties. No. !. 17A; average checks. 1874;
hIS.I Butter 5ees5s s5esas S
score), 2634; f1rsts .(ss-9D. 23h-26A;
'eeenes Cheese. 'etS s7so4s: o Arm: State. Who'll.
milk flats. held fancy. 1896, 22-24: held,
1897. 191a-2112; fresh fancy 15-15H.
Dressed poultry about steady. Fowl.
aets; roasters so-saia. turkeys. NORTH
western and Southwestern. 22-30 Ducks,
H., Fresh and frozen: Fowl, 36-42 pounds.
I 15a-a2l2; 4s-54 pounds: 21-26; 6o,65
Live poultry, by freight, nrm. Fowl,
eeioreH; . e.; Leshorn; % old roosters.
BY express. steady to frm. Broilers.
Eocks; s4-s5 s, crosses: crosses, 1925. mostly Il
ered, 24;26. mostly "a; Ieshorn. e.
Turkeys. hen, Il.
Evening star., 1938-04-25
GOLD HOARD CLIMBS
TO ALL-TIME RECORD

BY inc Associated PTeSS.
NEW YORK, April 25-Rising for
the seventh consecutive period, this
country's gold hoard increased to the
largest total in history during the
week ended April 90
With we'll over half the world supply
of yellow metal in vaults of the United
States Treasury, our stock has been
magnet for other reserves as arma-
ment expenditures by foreign powers
unsettled confidence in markets
abroad.
Gold reserves reported by the Fed
eral Reserve Board credit statement
compared as follows:
Week ended April 20 s12,84l ,0OO. 900
Previous week ----- 1926, ,OOO. 900
Same period last year 1l,737 100000
Evening star., 1938-04-25
CURB LIST DRIFTS
TOL0WERLEVELS
Some Leading Issues Down
Point or So-FeW Lose
Up to 4 or More.
BY the Associated Press.

By the Associated Press
NEW YORK, April 25.-Some lead
ing issues were a point or so lower
today in curb market trading to-
ward the last hour. with some spe-
cialties showing losses of up to
points or more.
Creole Petroleum. Pittsburgh Plate
Glass. SherWin- Williams and ROYAL
Typewriter were all down a point or
more.
Inactive shares showing greater
losses included Mangel Stores pre-
ferred, off about ia; Safety Car
Heating & Lighting, off about 4, and
New England Telephone and Scran-
ton Lace, each off about "a.
Fractional gains we're shown by
some Oil shares. including Gulf and
International Petroleum. Standard
Power & Light was up a bit. God
chaux Sugar "B" was up around
point.
Evening star., 1938-04-25
Chesapeake Corp.
Adj ourns Special
Meeting to May 5
By the Associated Press.

BALTIMORE. April 25.-A special
meeting OF the Chesapeake Corp, mid
die holding company of the former
huge Van Sweringen railroad system.
called mere today, was adjourned to
May 5-1ve days before stockholders
OF the Chesapeake d Ohio Railroad
meet.
Control Of the c. d O., most profit.
able remnant Of the Van swerinpen
system, is the prize in q struggle be-
tween Robert r. Young Of Cleveland
and Wall Street banking interests.
Young received support Of a major
ity Of the publicly held common stock
at meeting Of stockholders in Rich
mond April 10.
Evening star., 1938-04-25
DIVIDENDS ANNOUNCED
PHILADELPHIA PRODUCE.

PHILADELPHIA. April 25 R.-Live
poultry: Fowl. Plymouth Rocks. fancy,
1924; mived colors. fancy, 2123: white
old roosters. colored. IA: Leehorns 1913:
bullets Plymouth Rocks. 26-27: crossbreds.
22-26 roasting chickens. 24-35; broilers.
2O-22: crossbreds, 1928: reds. 1921;
leshorns. 1920: ducks, white Pekin,
keys fancy young hens, 2O-22; young
toms. 1918.
Dressed poultry: Fowl, fresh-killed. in
boxes. 1928: old roosters. 16-1Sh; spring
ducks, Long Island. 1917.
Wheat: No. 2 red winter, garlicky,
Butter.Top. 2s-31A: 90. 27A-274:
81, .26A; 90, 20; SO, 25; ss. 23h;
Evening star., 1938-04-25
METAL MARKET.

NEW YORK. April 25 R.-copper
steady. electrolytic spot. 1906: export,
TN ;s:dy ss spot sa :na nsssSy sssy
spot, New York, 4.5O-55: East st. Louis
4.36. Zinc steady: East St: Louis spot
sast.rH sss Ps $780, baso 5Sn Ne fSs A.
bama, 5000. Aluminium. virgin. 90 per
cent; 1000: Anttnony, spot, 1875.
$500. nominal. Wolframite. 22 90, NOM
inal.
Evening star., 1938-04-25
BOSTON WOOL MARKET.
(Reported BY Smith, Barney & Co.

BOSTON. April rs Up Omitted states
DEPARTMENT Of Agriculture The ei WOOL
market in Boston was quiet today. rev
INQUIRIES were beina. received from either
were fairly arm on good French combinS
lengths 1ne territory wools in original
bags 1t around "a to 66 cents. secured
basis. Graded bright heeces Of the old
clip were quoted At 26 to II in the grease
spot Boston for three-eights bloods and
for quarter bloods.
Evening star., 1938-04-25
$881,832 EARNED
BY WALGREENC0.
Six Months Net Compares
With $1,260,719 for
Period Year Ago.
BY the Associated Press.

BY the Associated Press.
NEW YORK, April 25.-Walgreen
Co.. operators Of retail stores in 1856
cities in 80 States, reported for six
months ending March 81 consolidated
net profit of 1881 1892 before surtax or
so cents a common share, compared
to $l,260,719 or 81 cents for the period
ended March 81, 1897
Consolidated Edison.
Consolidated Edison Co., of New
York, and subsidiaries, suppliers Of
electricity, gas and heat in the metro
politan area, reported a net income
for the first quarter slightly above
that for the first quarter of 1887.
The 1888 quarter figure was $15,417,-
643 or $1.10 share against $l4,443,-
355 or $l.03 for the 1887 quarter
Net income for IL months ended
March 81 was s36,636851 or 1924
share against $39,085,35 or S2.48 for
the II months ended March 81, 1887.
Minneapolis Honeywell.
Minneapolis Honeywell Regulator
Co., reported for the first quarter con-
solidated net loss of $17,4l0 against
net profit of $406,468 or go cents
common share for the same quarter
year ago The company manufac-
lures appliances for automatic regula-
ton of temperature in buildings. Its
main plants are at Minneapolis, Wa
bash, Ind, and Philadelphia.
Spiegei, Inc.
CHICAGO, April IS tP)-Spiegel,
Inc, mail order concern, today re-
ported 1891 ,223 loss in the first quar-
ter, compared with profit of s545 ,583,
or 36 cents a share, in the correspond
ing 1887 period.
Evening star., 1938-04-25
AUTO FACTORY SALES
WELL BELOW YEAR AGO
~ the Associated Press

Nv tHr Associated PfeSS.
United States factory sales of auto
mobiles totaled 469,732 in the first
quarter Of this year, compared with
1,0l0,l6l in the like period last year
and 864,773 in the first three months
of 1896.
Evening star., 1938-04-25
LOWER NET REPORTED
BY NORTHERN PACIFIC

By the Associated Press.
ST. PAUL, April 25-The Northern
Pacific Railway reported today net
railway operating income for March
was s209,176, decrease Of 1868, ,06e
from that of March, 1887.
Evening star., 1938-04-25

In bankruptcy or receivership or being
reorganized 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
aAlso extra or extras. Declared or
paid so far this year no regular rate
I Payable in stock. gPaid last year
h Cash or stock. Accumulated dividend
paid or declared this year. WV With war
rants. XIV Without warrants. war War
rants.
Evening star., 1938-04-25
INDUSTRIAL RESEARCH,

NEW YORK, April 25 (SpeciaD -
There are over 1000 industrial re-
search laboratories in the United
States spending s75o,00O each work.
ing day for industrial development
and research, recent survey reveals.
Evening star., 1938-04-25
SnippeI. Tnc
Washington Exchange
AFTER CALL.

AFTER GALL.
Capital Transit Colo at 7.
Washington Gas. SIS, 1855 ST 600
at 1861; $1,000 at l05la; $1,000 at
1854
Capital Transit Colo at 7; 10
at 7; 10 at 7.
American Security g. Trust Colo
at 250
Evening star., 1938-04-25
STEEL QUOTATIONS.

NEW YORK. April 25 LR.-steel prices
per 100 pounds. fob. Pittsburgh: Blue
annealed sheets. hot rolled. 2.4o: ealvanized
sheets. $50; black Sheets hot rolled. 3.16;
steel bars, As,
Evening star., 1938-04-25
RUBBER FUTURES.

NEW YORK, April 25 UP,.-Crude rub
Der futures opened 25 to 36 lower May,
1225-30; July, l2.4S49: September,
l2S6-7O
Evening star., 1938-04-25

NEW YORK BAR SILVER.
NEW YORK. April Is R.-Bar
silver, 424, unchanged.
Evening star., 1938-04-25
INVESTING COMPANIES

NEW YORK April o5 lP.-Investment
Bankers Conference Inc:
Evening star., 1938-04-25
NEW YORK PRODUCE.

Also extra or extras
Declared or paid so far this year,
GPaid last year.
Evening star., 1938-04-25
INSURANCE STOCKS

NEW YORK, April 25 L1.-Inyestment
Bankers Conference Inc:
Evening star., 1938-04-25
Bid and Asked Prices.
BONDS.
STOCKS.

MISCELLANEOUS
Chevy Chase Club 1st AS 104
Col. Country Club 1st AS lob
Evening star., 1938-04-25
FOREIGN BONDS

Ger Con Nun IS A. o11, OH. on.
Iuant q W 6s SIS A 53i4 53It 531.
xwWithout warrants
nNew. SttStp Stamped
sNeeotlabiity impaired by maturity.
ICompanieS reported in receiyershlp
The Waterbury Democrat., 1938-04-28
Yellow Baseball Seems Bigger
 To Eaters

New York, April 28-(UP)-The new lemon-yellow safety" base ball. tried for the first time in con- petition by Columbia and Fordham universities brought expressions of general approval from players and coaches today. It was agreed, that the one test was not conclusive.
 Neither the score, nor the hitting gave any indication that the yellow sphere was of higher visibility than the white ball. Columbia won the game 8-7 with a six-run rally in the ninth, despite being outhis 1858.
 I'm inclined to like the ball." Coach Andy Coakley of Columbia said, but of course one game isn't enough to decide definitely" Coach Jack Coffey of Fordham said he believed that the yellow ball might be better when the players got used to 1t. Players said the yellow ball made no difference in the field, but that it seemed to be bigger than the white ball when they are at bat. It made little difference from the spectators point of view.
 F. H. Rahr, New York color en- gineer. developed the new ball and believes it will give added safety to the batsmen.
 Yellow is the most visible color for fast moving object" he said, and the danger of batter being hit by a pitched ball should be vastly lessened."
The Waterbury Democrat., 1938-04-28
PAUL'S GOLF RANGE
 OPEN FOR BUSINESS

One of the buisest sport spots in the vicinity of Waterbury is Pauls Driving range, opposite Lake Quas- sapaug on the Middlebury road where Paul Prill, former Mattatuck Country club professional and vet eran of 25 years experience has ta- ken over for the second successive season. Free instruction is also giv- en to patrons of the course provid- ing the incentive to improve your game under the best possible con- ditions. Conditions are ideal for those who like to hear the click of club-head on ball.
 In addition to his driving range, Paul has clubmaking and repair shop that makes possible the crea- ton of personal clubs by man whose reputation as club-maker is second to none in this vicinity. Custom made clubs is Pauls special ty, while he can take your old clubs and make them look and feel so good that improvement of your games is a natural conclusion and
The Waterbury Democrat., 1938-04-28
HIGH SC0RINC 6. FEATURES FIRST
 SCHOOL GAMES
Three Winners Garner 66 RunS-AnderSOn
 Wins 3=2

One close game was played in five scheduled contests yesterday in the public school opening for the 1937-38 season, during which An derson won a 3 to 2 decision over Chase while Rockville was a 60 shut-out winner over the Hopeville team. In other game of the day, Sprague scored 18 runs in one m- ming to wind up with a 32 to vic- tory over Bunker Hill and Woodrow Wilson came through with an easy 11-3 victory over Mary Abbott. Mer- riman Smothered Croft under a 23 to { barrage. Scores:
 Anderson 100 % 0 0--3 3 1 Chase ..,.1 1 0 0 0-2 Q
 Kiriako and Lockhart; Heaton and Lawton.
 Hopeviile ... Q Q 0 0 0-0 1 5
 Dunn and Favale; Carroll and Stewart.
 sprague :;,..$ 2 5 GS 4-3S IS 1
 Tuttle, Fox and Garrity; Wilson, Cavanaugh and Cocchiola. w. Wilson 30 OO2 Iii 9 3 Mary Abbott 0 0 0 2 0 o l. 6
 DaCapua and Kolenzki; McAlpine, Milia and Deon.
 Merriman ..44 ao1s s-5s 9: sa a' E , Croft '....i 3 0 2 1-7 , 2
 Ruffino and Gentle; McKenney and FuSco.
The Waterbury Democrat., 1938-04-28
10TH CENTURY
 CLUB MEETING

The 2Oth Century Athletic club which has sponsored track team in this city for the past three years have now organized a softball team and will hold a meeting tonight at IaCava's News Stand at the corner of East Main and Brook streets at 8 o'clock. The club has entered the city-wide league and will play their first league game Monday night against Patsy's Big Ten. Ted Moore of the Boys Club has been secured tobe the principal specAer for to- night and also to help coach the team.
 All players are requested to be present since measurements for uniforms will be taken. The follow ing will report: Anthony LaCava, Adolph Lerz, Teddy Cippalone, Mike Santoro, Mike Valleta, John Mucci, Al Mucci, John Grant, Joe DiMaria, Vincent DiMaria, Joe Jannetty, Nick Monico, Ralph Monelli, Louis Gug- liotti, Lary Waldo, Barry Delasan- dro, Al Sylvester, Legge and Antonio Delmonacc.