davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-12-01
Bank CIearings Drop
For Holiday Week.;
Hold Near 1887
TotoI for Major Cities
Only 81 Per Cent
Under Yeor Ago
BY the Associated Press.


NEW YORK, Dec. General OBJ
servance of the Thanksgiving Day
holiday greatly reduced the volume
of bank clearings this week from the
preceding full week but left the total
only slightly below the aggregate for &
the corresponding 1887 period, which
also was e. holiday week, Dun g.
Bradstreet reported today.
Clearings for % leading cities for
the hve-day week ended November
80 amounted to $4, ,463, sol 900, COM
pared with $4,6O4, ,181 900 for the
similar fve-day week last year, or a
decrease Of 81 per cent.
Transactions at New York to.
tailed $2,686, ,427 900, or 20 per cent
under the s2,767, ,958 900 for the same
1887 week. Turnover for the 81
cities outside of New York equaled
$1,777. .O74, 900, against $1.836, ,223, 900
last year, a drop of 80 per cent.
Small advances over last years
totals appeared at Richmond,
Cleveland, Portland, Greg, and Sc
attic, while Omaha, Boston and =
New Orleans showed gains of 121,
112 and 93 per cent, respectively.
Important declines included Buff
falo, ia per cent; sChicago, 1l.8
per cent; Detroit, go per cent, and
Pittsburgh, 8.9 per cent.
Bank clearings at leading cities,
together with percentage changes
from a year ago, follow; also, the
daily average bank clearings for the
months of September, october and
November to date:
Evening star., 1938-12-01
1y the Associated Press.

ny the Associated Press.
NEW YORK, Dec. bond mar
ket trends were mixed in late
trading today, but a considerable
number of corporate liens managed
to hold moderate gains scored in
early dealings.
Profit-selling encouraged by yes
terday's substantial rise left its
mark on various rails and scat
tering of industrial and utility
issues. LoW-yield bonds were firm.
United States Governments were
steady at 3-32 lower to 232 higher.
Up fractions to around point at
the start of the final hour were In
ternational Telephone SIS, Delaware
g. Hudson Refunding As, Chesapeake
& Ohio Avs, MKT IS of 81, United
Drug SIS, West Shore As and Wabash
First IS of 80.
Losses ranged from l to around 3
In loans of Baltimore g. Ohio, Chi
cago Great Western, Pere Marquette.
Southern Pacific and Nickel Plate.
Western Union issues were under
pressure, with the 41as of so down
about 4, the 5s of go off more than
and the 5s of 81 down 1l2.
In the foreign division small gains
were scored by Italian obligations,
while German government issues
were a little lower. German Gen.
eral Electric 6l2s of 40 moved up
about 3l2.
Evening star., 1938-12-01
Frenth Strike Failure
Improves Sentiment
By the Associated Press.

NEW YORK. Dec. 1.-The fall
ure of Frances general strike yes
terday was reported in world finan-
cial centers to have inspired conf
dence among capitalists that France
might work out of her economic and
financial difficulties.
Bankers in New York were ad-
vised that the first result was a re-
patriation of some of the fugitive
capital which had sought London,
Amsterdam and Switzerland for
refuge, indicating how quickly "hot
money" moves in these days Of in
ternational alarms. While francs
were Immediately quoted higher in
New York, business done was small
and traders said there was little in
dication of any heavy outward
movement of French balances.
At commission houses with French
connections 1t was said much of the
French capital now in this country
was investment" in character rather
than speculative or fugitive, and
that while the stock and bond mar
kets continued firm it could be relied
upon to remain here. Buying of
American securities from Paris has
been noticeable in recent weeks,
brokers said.
Evening star., 1938-12-01
Gruen Watch Registers
Common Stock Issue
apecial Dispatch to the Star.

SpeCldl DlsphtCu W tAc otd1.
NEW YORK, Dec. 1.-Benjamin
S. Katz, president of the Gruen
Watch Co., announced today that
the company has filed with the Sc
curities and Exchange Commission
a registration statement covering
public Offering of 10000 shares of
common stock to be made by F..
Eberstadt e. Co., New York City.
The proceeds of the financing are
to be applied to the retirement of
$500 shares of 500 par value class
A preferred stock, to the retirement
of such of the 161 1884 shares of class
B ST par value preferred stock as
shall not be converted into common
stock, to the payment of mortgage
in the amount of approximately
$55 900 on the property of one of
it's subsidiaries and the balance will
be added to working capital.
Upon completion of the financing
the capitalization of the company
will consist of approximately $685.
600 shares of common stock and
S489, ,375 of non-callable per cent
cumulative preferred stock and all
restrictions against the payment of
dividends on the common stock will
have been removed
Consolidated earnings for the fiscal
years ended March 81, 1887 and 1898,
are reported as $684,397 and s721. .
784, respectively. For the seven
months ended october 81, 1898, the
company reports consolidated earn
ings of $360,279.
Evening star., 1938-12-01
Conodion Bond Issues
Gain in November
Special Dispatch to the Star.

opeC1aI AAopdtSA w Vic OthA.
OTTAWA, Canada, Dec. Total
offerings of new Canadian bond
issues in November amounted to
$50, ,593, 100 exclusive of Dominion
treasury bills. according to the Do
minion Securities Corp. This COM
pares with $33,2 ,204, 100 in October
and $134 ,606,217 in November, 1887.
There was included in the November
total a new issue of $40,000,0 900 Do
minion of Canada 3 per cent bonds
due November Is, 1868, sold in the
United States and payable in United
States currency.
The November offerings bring the
total for the first II months of this
year to $469, ,504, 1896, compared with
$6O8, 1886, ,448 for the corresponding
period of 1887.
Excluding Dominion of Canada
issues. total sales of provincial.
municipal, public utility, railway and
industrial bonds were greater in No.
vember than in any month of 1898
with the exception Of January, when
the total amounted to $59, SAT, ,958.
Evening star., 1938-12-01
Diamond Match Net
Exceeds 1887 Level
In Third Quarter
$638,743 Compares With
$537, 978 Recorded in
Period Year Ago /
By the Associated Press.


NEW YORK. Dec. diamond
Match Co. reported for the nine
months ended September 80 con-
solidated net profit of $1,540,269,
equal to $1.23 a share on common
stock. This compared with 81 $685.
078, or $1.31 a. share for the first
nine months Of 1887. September
quarter indicated net profit was
$638, TAB, equal to SO cents a share,
against $399, ,003, or Is cents a share,
in the preceding quarter and $751;
978 or A cents a share, for the
1887 September quarter.
Wick Chemical Co.
Wick Chemical Co., with principal
properties at Philadelphia, Pa, and
Greensboro, N. c., reported for
September quarter consolidated net
profit of 1896, equal to $l.79 a
share of capital stock. This COM
pared with $1.007 ,785, or $1.44 a
share, in the 1887 September quarter.
Royal Typewriter Co.
Royal Typewriter Co. and domestic
subsidiaries reported for quarter
ended october 81 net profit of
$780, equal to $1.22 a share on
common stock, against $643, ,245, or
$2.15 a share, for the like period
last year. Company's plant Is at
Hartford, Conn.
Evening star., 1938-12-01
Bituminous Output
Off Sharply in Week

The National Coal Association,
from incomplete car loading reports
from the railroads, estimates btu
minous coal production in the
United States for the week ended
November 26 as approximately
1850, 1000 net tons. This is the sec
ond consecutive week that produc-
ton has exceeded that of the corre-
spending week of last year. Core
spending week 1887, 7.452 900 tons;
1896, 9,972,00O tons. Percentage Of
change: 1887, increase, 1.3 per cent;
1896, decrease, 24.3 per cent.
The report Of the National Btu
minous Coal Commission shows pro-
duction of 8,050,000 tons for the
week ended November 10, 1898.
Production calendar year to No
vember 26: 1898, 300,173,000 tons
(subject to revision); corresponding
period, 1887, 00,906, 900 tons; de-
crease. ISL per cent.
Evening star., 1938-12-01
Four Executive Shifts
Announced by Erie
nv the Associated press

BY the Associated Press.
CLEVELAND, Dec. -Four
changes in the executive personnel
of the Erie Railroad, brought about
by the recent resignation of ]. G..
Walsh as secretary-treasurer, were
announced today by c. E. Denney,
president-trustee.
John K. Thompson, former vice
president and assistant to the presi-
dent, was named vice president in
charge Of accounting and finance;
G. A. w. Achenbach, former assist
ant secretary, was named secretary,
and E. F. Morgenroth, former as
sistant treasurer, was named treas
urer. --F
Walsh left Erie to become South
ern Pacific vice president in charge
Of finance.
Evening star., 1938-12-01
Gold Stock Scars.
7oNew Record
During Month
y the Associated Press.

NEW YORK, Dec. Another
s245 100000 of gold flowed into this
country from abroad last month, !
lifting the gold stock of the United
States to new all-time record high
of we'll over $4,000 900 900, the New
York Federal Reserve Bank reported
yesterday in its monthly review of
credit and business conditions.
Although the immediate threat
of war in Europe was averted near
the end of September, lack of con-
f1dence in the stability of the Eu-
ropean political situation is reported
to have been continuing cause
of capital movements to the United
States" the bank said.
Evening star., 1938-12-01
Federal Income Runs
Well Ahead of 1887
BY the Associated Press.

By the ASSOCIATED PreSS.
NEW YORK, Dec. 1.-Federal in
come so far this month is running
substantially ahead Of the COM
parable period last year, the result
of a sharp bulge in social security
receipts.
The daily Treasury statement for
November. IS places income for the
month through that date at $346,-
500,0 900, against $282, ,000,000 ip 1887.
Income for the fiscal year to date,
however, still lags moderately, to-
falling $4,000, 900, 900, compared with
81, SOC, ,000, 900 in the like period a
year ago.
Evening star., 1938-12-01
Bulgaria to Increase
Payments on Loon
Ey the Associated Press.

By the Associated Press.
NEW YORK, Dec. 1-Bankers in
formed the holders today that the
Bulgarian government has agreed
to inc. ease it's payments in foreign
exchange next year on the Kingdom
of Bulgaria Z per cent settlement
loan of 1926 and the 71a per cent
stabilization loan of 1928.
After January l. it was announced.
the payment in exchange would be
increased from 321s per cent of the
coupon to 3611s per cent for the first
half of 1889 and to 40 for the second
half.
Evening star., 1938-12-01
Hercules Dividend Voted

WILMINGTON, Del, Dec. (Spe-
ciaD Directors Of Hercules Pow
der Co. declared q year end divt-
dend Of 60 cents q share, on the COM
mon stock of the company. This Is
payable December 81, 1898. to stock
holders Of record at the close Of bust-
ness on December 8, 1898.
Evening star., 1938-12-01
U. S. Treasury Position
n-...

The position of the Treasury November
lures. S25,O55. .e91 .79: net balance, So
446.272. 1927. including S1.82S. 669.-
394.51 working balance; customs receipts
Receipts for the hscal year lsince July
u, S2.213. 1854. .42S. SO; expenditures $3.-
621 .206. S66.O5. including 81. 10O.7S7.
Of expenditures. 81 .4O7 .341 .437 AZ: gross
debt. S3S. .592. 1897 ,429.43 an increase 9f
S1,S29. .SO4. "A above the previous day; gold
assets 1906. .23O.3 .312.42.
Evening star., 1938-12-01
Tobacco Markets
~ the Associated Press.

Sales at Danville and South Boston,
markets. will be closed for the Christmas
holidays December 6 and reopened January
10. The season will close January 90.
"Wednesday at an average price of S17.s5
per hundredweight
Amoyk the States dark-hred marts.
IynchhuTg sold 1l3.7e6 pounds at an
average Of S9.73. Farmvilie sold 90,996
pound8 ut an average of s9.72 and brakes
Branch sold approximately 10000 pounds
Evening star., 1938-12-01
Yukon Pac Mfg

In BANKRUPTCY or receivership or peans
reorganized under the Bankruptcy Act or
securities assumed By such companies
Rates Of divide Ids In the foregoing table
are annual disbursements based on the
last quarterly or semi-annuAl declarations
Unless otherwise noted special or extrs
Alison extra or extras eDeclareo Of
paid so far this year no regular rate.
PAYABLE in stock Paid last year
h Cash or stock Accumulated dividend
paid or declared this year Wv With
warrants ~ without warrants Usr War
rant4
Evening star., 1938-12-01
Steel Boiler Orders
Well Above 1887
By the Associated Press.

BY tne ASSoclHCeu FreSS.
The Census Bureau says October
orders for steel boilers totaled 1,125.
amounting to 717,307 square feet of
boiler heating surface, compared
with September's 1,124 for 578,940
square feet, and October, 1887, or
ders Of 895 for 635 sos square feet.
Evening star., 1938-12-01
New York SUGAR

NEW YORK. Dec / P.-Sugar futures
were irregular today. The No. 3 contract
reacted from early steadiness, while the
No. 4 steadied in sympathy with London.
and September to 2.21. or l to 2 points
nat lower. March No. 4 recovered from
1907 to LOS and July sold at 1.12h. or
unchanged to l point net higher.
Evening star., 1938-12-01

st, Louis Southwestern Ry.-De-
ficit, 10 months ended October 81
was $1,127098 against deficit OF
$3.50, los.
Evening star., 1938-12-01
New York Bar Silver

NEW YORK, Dec. (E.-Bar sill
yer, 42A: unchanged.
Evening star., 1938-12-01
Lo1don Bonk Report

LONDON. Dec. l (P.-Bank Of Eng
land statement as of November 80 lin
+houeopds of noundSl. "
Evening star., 1938-12-01

NEW YORK Dec. l R.-Investment
Bankers Conference. Inc:
Evening star., 1938-12-01

ww-With warrants xw-Wjthout war
rants. New st tstp)--Stamped
SNegotiability impaired by maturity.
tConpanics reported IN receivership.
Evening star., 1938-12-01
MontreoI Silver

MONTREAL. Dec. ! R.-Silvef futures
opened UNCHANGED. December, 1880 bid.
Evening star., 1938-12-01
insurance Stocks

NEW YORK Dec l P.-Investment
Bankers Conference, Inc.
Evening star., 1938-12-01
New York Bank Stocks

ALSO extra or extras.
Evening star., 1938-06-22

this fight and the gloves agreed upon
will be used"
Gen. Phelan convinced Black and
Roxborough that the rule specified no
maximum weight for gloves and said
in effect that for all he cared Schmel-
ing's gloves could weigh six tons.
Louis handlers revealed that Trainer
Jack Blackburn, Manager Black and
Eddie Meade, manager of Henry Arm
strong. would be in the champions S
corner.
Schmeling. at the moment, expects
to have only Max Machon and Ed
Doc) Casey of Detroit in his corner
Skies Threaten Rain.
Meanwhile overcast skies and muggy
weather threatened rain.
There was no rain, but weather
forecasts were not particularly encour-
aging. Occasional showers and not
much change in temperature" was the
latest prediction.
There was no hint of any postpone
ment, however, at the Offices of Mike
Jacobs goth Century Club. Even
should rain fall, Mr.. Jacobs would
wait until late afternoon before post
poning the bout until tomorrow night
w. B. Beckwith of the United
States Meteorologist Department few
to height of about $4,000 feet around
11:30 am. (E. S. T) and reported the
skies probably would remain overcast
during the remainder of the day. He
also forecast occasional showers or a
light mist between pm. and mid
night,
Evening star., 1938-06-22
Radio Interference Measured
BY Engineers Trying to End 1t

Ever since 1896, when the British
issued patent to Marconi for an
odd Device radio receivers have been
seized by occasional fits of bowling,
purring and squealing.
Now a Utopia of perfect reception
is nearing-if human nature doesn't
trip up science. So thinks Peter L.
Bellaschi. delegate to the summer
convention of the American Institute
of Electrical Engineers meeting at the
Mayflower. But he is cynical about
the human nature.
About five years ago he and his
fellow scientist c. " Aggers plunged
into metal-sheathed room in Sharon,
Pa. They have come out bearing
sheets of statistics and a new word.
The word is "microvolt."
1T would take 10000, 900 micro
volts to make the light in that bridge
lamp burn" said Bellaschi yesterday
in his hotel room. I'VE use the term
in measuring the amount of inter-
ference entering your radio, and we
can measure within two units. With
our instruments we have made a great
scientific advance, for we can now
determine radio noise quantitatively
as we'll as qualitatively.
Radio whoops and hollers come from
three sources, he said There Is true
static" due to lightning and "the
little flashes of light you can see on
a summer night if you look closely"
There is transmission distortion, which
comes from the bouncing together Of
Evening star., 1938-06-22

the waves which shoot up to the heavi-
side layer in the upper air and those
which stream along the ground. Then
there are the noises due to appliances
in your home and near 1.-THE special
field of study of Aggers and Bellaschi.
These can be cured by using special
filters. having appliances properly de-
signed, and by increasing the strength
of the signal to be received through
super-power radio stations and better
antenna.
But all this will require co-opera-
tion," Mr.. Bellaschi remarked.
He said that the spark gap trans
mitter is being used extensively in
Europe in propaganda warfare. While
one nation sends out programs, an
other is engaged in making an ntoler-
able roar through the entire wave
band of the region. Still more effec-
tive sabotaging machinery may be
developed, unless the situation can be
cured by international agreement, he
thinks
On a smaller scale, he laughed,
neighbors can be pretty unpleasant" il
they are careless-or want amusement
with an electric razor you can
produce 10000 microvolts, and 1000
are enough to be troublesome. For
real results, however, use q sun lamp.
They are very high in wave frequency,
and can ruin short-wave reception for
blocks"
Evening star., 1938-06-22
DR.. R. E. DOHERTY
GETS HIGH HONOR
Given Lamme Medal by Electrical
Engineers for Alternating
Current Theory.

The Lamme Medal of the American
Institute of Electrical Engineers, now
in session at the Mayfower Hotel,
was awarded yesterday to DR.. Robert
E. Doherty, president of the Carnegie
Institute of Technology, for his intro
duction into practice of the theory
OF alternating current machinery"
Dr. Doherty also was given a GER
tiflcate for his work in that field.
DR.. John c. Parker. vice president
of the Consolidated Edison Co. of New
York, was elected president of the
group. Other officers named were
Chester L. Dawes, Cambridge, Mass;
F. Malcolm Farmer New York; A. H.
Lowell, Ann Arbor, Mich; F. c. Boil
ton, College Station, Tex, and Lester
R. Gamble, Spokane, Wash, vice pres
idents. w. l. Schlichter of New York
was reelected national treasurer.
Evening star., 1938-06-22
Threat
Continued From First Page }

to watch for the arrival from abroad
OF a suspected person" Oficials were
said to have photographs and a full
description.
The main gates of the Woolworth
heiress' new home were locked. Sew
eral plainclothes men patrolled the
grounds and tradesmen were admitted
only If they could show credentials.
Despite the precautions, however a
nurse wheeled the winsome, sandy
haired baby around the grounds in
his big black carriage during the
morning.
Scotland Yard authorities said they
had provided no special guards or
other protection and disclaimed
knowledge of a kidnap threat. An
omcial said he had no confirmation"
that police had been modified. but he
did not directly deny the report.
In March, 1895, month after Lance
was born, reports of similar threats
were denied. Later, however, a man
was sentenced to four months i'm
prisonment for demanding money
from the countess for exposing" an
imaginary plot.
The slim, beautiful countess has be-
come one Of London's leading So
cialites. She was a central figure of
The London season after her return
from India a short time ago.
Settled in London in 1888.
She and her second husband settled
IN London November 7, 1895, after a
three-months' honeymoon in Denmark
and France. Her first husband was
the late Georgian Prince Alexis
Mdivani They were divorced in Reno
May Is, 1885. He was killed the fol-
lowing August in an automobile acci-
dent in Spain.
The countess renounced her United
States citizenship last December 16
and adopted Danish nationality. She
issued a statement then, explaining
her action was due entirely to family
reasons and in no way would weaken
the ties that bound her to the country
of her birth.
Evening star., 1938-06-22
NEARBY STATES
GETP.W.A.FUNDS
Maryland and Virginia Each
Receive Grants for Eight
Projects.

Eight P. w. A. grants for projects
in Maryland and eight for Virginia
were included in the first announce
ment Of pump-priming allotments to-
day.
Among the Maryland projects were
municipal building at Colmar Manor
highway project at Hyattsville, some
street paving at Riverdale, waterworks
improvement at Cumberland. court
house improvements at Ellicott City,
school buildings in Frederick County,
a school at Scaggsville and a fire en-
gine house at Shipley.
Virginia will receive grants for
school buildings In Fairfax. Pittsyl-
vania, Montgomery and Botetourt
Counties, a sewage system at Broad
way a college building in East Radford,
an administration building in Fred
ericksburg and a municipal building
in Phoebus.
Colmar Manor was gwen a grant of
$4,000 for one-story brick municipal
$4,000. The building will include q
garage and auditorium for municipal
and community meetings.
The grant for Hyattsville totals $780,
$50 for highway construction. which
will have an estimated total cost of
Sl35, 900. The highways scheduled for
improvement were not announced.
A grant of $53,100 was provided for
highway construction at Riverdale
and the total estimated cost of which
will be $4,000.
Fairfax County, Va, was allowed a
grant of $4,000 for beginning con-
struction of schools at Lincolnia,
Woodlawn. Gum Springs and Semi
nary and for additions to schools at
Annandale. Centreville, Chesterbrook,
Fairfax, Franconia, Groveton, Hern-
don, Lorton. Lee Jackson and Falls
Church. Estimated total cost of these
projects will be $375,550. The four
new schools are necessary replace
ments of old and unfit buildings and
the additions are necessary to relieve
overcrowding, it was announced.
Evening star., 1938-06-22
ROPER FORECASTS
UPTURN BY FALL
Secretary Declares Excess
Wholesale Inventories Are
Largely Removed.

Secretary Roper said today business
statistics indicated business and in
dustrial upturn was likely this summer
or at least by fall.
Economic skies are definitely clear
ing" the Secretary said in a prepared
statement to the press.
Many wise business leaders are now
taking and all should take advantage
of the summer season to implement
their plans and methods for participa-
ton in the inevitable and now forming
forward movement.
Announcement has been made of
large sums to be expended for plant
expansion and improvement under the
realization that where no wealth is
created, none can be accumulated nor
distributed. Bumper farm crops are
beginning to move as reflected by
rising demands on transportation.
Credit is abundant and available.
Aroused Initiative Seen.
The merchant, the wholesaler and
the manufacturer should prepare now
to turn with the tide in order to avoid
lost motion in the upward swing. I.
therefore, am encouraged by the fac
tors above enumerated and look to
aroused initiative which will bring
gradual and not dangerously acceler-
ated business, industrial and economic
upturn"
Ihe Commerce Secretary said among
the encouraging factors in the
economic situation were the reduction
OF excess inventories in the hands of
retailers and wholesalers and the re-
moval of legislative uncertainties by
the adjournment of Congress.
Inventories Decrease.
Mr.. Roper announced that a survey
OF wholesalers stocks showed inven-
tories on June l were 145 per cent
lower than year ago, removing a
major obstacle to increased factory
production. The decrease in inyen-
tories has amounted to per cent since
early February. he said, and the only
wholesale line in which inventories are
higher Is the heavy hardware business.
He added
Since wholesale inventories are the
most important single measure of ac-
cumulated stocks in the hands of busi-
ness. these figures clearly indicate that
excess inventories, as one cause of the
present depression, have been largely
removed"