davidaulloa/AmericanStories huggingface dataset:
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-09-29

THERE AREN'T ANY RURAL
weekly newspaper editors working for COM
pensation. They may be working for this OF
that political party, this or that movement
or this or that individual, but never fol
Observation-Disclosures Press.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-09-29

OUR OWN FARMERS ARE A BET
ter prospective market for the products of
our factories than all the foreign markets
combined that we might gain by good
neighbor policy When we have set our own
house in order will be plenty of time to
start worrying about the economic problems
of the rest of the world.-Thief River Falls
Times
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-09-29

wolf in grandmas clothing, all set to de
YOUR little Red Riding Hood, according t
John H. Hougen of the Benson All-Part.
committee. Can it be true that after al
these years of liberal rule the wolf is not a
our door but in our bed
Evening star., 1938-11-25
Estimates Of Utility
Building Regarded
As Exaggerations
STANDARD Statistics Finds
Spending Will Fail to
Equal Predictions

sps ciai Dispatch to The Star.
NEW YORK, Nov. 25-Recent
widely publicized huge estimates of
increased outlays for plant and dis
tribution facilities in 1889 by the
electric utilities are characterized
as slightly exaggerated" by the
Standard Statistics Co. in a current
analysis of such factors as present
capacity and normal reserve over
current and prospective demand,
which concludes that Expenditures
next year may total s500,000, 900 to
$500 600 900, against s4700O0000 this
year and $3.50 900 900 in 1887.
Salient portions of the analysis
follow:
"A series of recent developments
has given rise to rather general
impression that the utility industry
would increase its capital expendi-
lures very markedly in 1889. These
developments are: % The official
denial of any Government plans to
create additional ct. v. AS"
throughout the country; ca the de-.
cision of leading holding companies
to file plans with the S. E. C. (as
exemplified by Electric Bond d
Share); 90 the study of power needs
made by the National Defense Com
mittee, and "a the statements made
by utility executives regarding po-
tential expenditures under favor
able political conditions.
AS a result of these happenings,
it has been rather freely forecast
that sums ranging up to several
billions would soon be allocated by
the utilities for immediate addi-
tions to generating and transmits
sion facilities.
"A critical examination of the
1899 outlook, however, indicates
that the actual power demand in
prospect will require no extensive
enlargement of capacity, that any
sharp increase over the present
AdeC Vi oEOl1S1lA6 "Oulu IC4u1lC
financing and that the capital mar
kets are not yet ripe for such large
scale financing.
There is every indication of
larger capital outlays on the part
of the electric utilities in 1899, but
the increase will be greatly below
many of the optimistic figures now
being heard. A conservative FORE
cast is for such expenditures to
range from $500 100000 to $500 ,O0o,-
600 next year, as compared with
approximately $470,000,0OO in 1898
and $480, 900 900 in 1887.
1T is probable that 1889 utility
construction will be confined for the
most part to actual needs, with only
moderate amount of extra con-
struction because of the national
defense program"
Evening star., 1938-11-25
Lehigh Coal Orders
10-Cent Dividend on
Capital Stock
New Payment Contrasts
With IS Cents Paid
November, 1887.
BY the Associated Press.

BY the Associated Press.
NEW YORK, Nov. 25.-Directors
of the Lehigh Coal g. Navigation
Co., extensive holder of securities in
rail and coal properties, have de-
clared dividend of 10 cents a share
on the capital stock, payable Decem-
Der "a to holders of record Decem-
Der 3. The previous payment was
Is cents in November last year.
American Ice Co.
Directors of the American Ice Co.,
took no action on the preferred divi-
dend. Previously this year SIPS had
been paid on the senior stock. The
company furnishes ice and fuel serv-
ice and through subsidiaries laundry
service in large Eastern communities.
Richfield Oil Corp.
Richfield Oil Corp. directors voted
q dividend of so cents on common
stock, payable December 81 to hold
ers of record December S. The last
previous payment was an initial
dividend of Is cents December "a
last year.
Thatcher Manufacturing.
Thatcher Manufacturing Co. an
nounced a special dividend of 50
cents and the regular quarterly divi-
dend of Is cents on common stock,
both payable December Is to holders
Of record December s. The same
date a year ago the company paid
a special dividend of $l.50 common
share along with the Is cents regular.
Evening star., 1938-11-25

NEW YORK, Nov 25 dP.-The value of
the British pound in terms of the dollar
was chopped down another . cents today.
Most other European currencies also de-
clined in foreign exchange dealings.
Persistent weakness in sterling was be-
lieved by many bankers due to further
apprehension abroad over political trends
in Europe. Some analysts. however. cred
tied the, fall to natural movement OF
the sterlingdol ratio 10 accord with the
import foreign trade balance Great Brit
ain has been experiencing.
The dip in the pound rate was coinci-
dent with rise in the price of gold in
the London open market 10 the highest
level on record as nervous traders boarded
metal in distrust over the German situa-
tion and labor strife in France.
The French franc dipped .0It 70 Of a cent
and the Swiss franc lost .0SI2 of a cent.
The belga was unchanged, while the guilder
declined .0Ol2 of q cent.
Noon rates follow Great Britain in dol
ars. others in cents: Great Britain 4 "a =:
60-day bills, 4.t3E2; Canada Montreal in
New York. 993112: New York in Mon
treal 100 pa; Belgium. 1892: CZecho-
slovaka, 3.43l2; Denmark. 20,13; Finland.
20S: France. 3597s Germany, 1905:
benevolent. 2O10: travel. $3.50: Greece,
s6l2: Hungary 1880; Italy. 5.26A: Yugo-
slavia. 234; Netherlands "a ~: Norway,
23.3:;; Poland, 1884; Portugal. 4.24l4; Ru-
mania. 10; Spain, unouoted: Sweden,
2391h2; Switzerland 2c.14 Argentina.
30 94n; Brazil Hreel 5.aon: Mexico City.
3O75n: Japan. 200; Hong Kong. 20 90S;
Shanghai, 1915. Rates in spot cables
unless otherwise indicated. Nominal.
Evening star., 1938-11-25
Auto Output Likely
To Hold High Levels
Through Winter
Dealers Now Have More
Orders on Hand Thon
Can Be Filled
BY the Associated Press.

by the Associated Press.
= DETROIT, Nov. 25.-Barring trends
at present unforeseen and unex-
pected, assembly line activity in the
until around the first of the COM
encouraging levels throughout the
winter months. This means a lib
eral volume of production. not only
until around the first of the COM
ing year" as was the general ex-
pectation few weeks ago, but
through the larger part of the first
quarter of 1899 at least.
The prediction is based largely
upon the fact the industry's far
flung dealer organization has more
orders on hand right now than can
be filled, at the present rate of pro-
duction. until well after the present
lears end. and that in very few in
stances have factory schedules been
boosted beyond the rate of sales
increase.
Schedules Expanded.
Every producer has indicated an
extension of original production
Schedules, but in virtually every in
stance this was done after an ap-
praisal of sales advices, all of which
told of continued upward move
ment.
A continuance of high level pro-
duction activity throughout the win
ter months will be something many
of the manufacturers did not expect
when they swung into the current
model season few weeks ago. Many
OF them knew sharply-stepped up
output would be necessary TO stock
dealers, but for the most part they
expected this part of the program
would be taken care of before the
&aew year.
Precedent and tradition in the
automobile industry have received
many jolts in the last decade For
long time the manufacturer and
the distributor could appralse pro-
duction requirements year ahead;
they could trace buying prospects
on the basis of habits established
over long period. They could ex-
pect a highly prosperous year to
follow lean one.
Fail to Re-appear.
Most of the traditional tendencies
have failed to re-appear during the
Iears that followed the upset that
began late in 1929. Currently the
producer processes to be unable to
estimate consumer demand much
more than three months in advance.
Having established a policy OF
gearing production close to visible
demand and reducing the possbil-
~ities of production, many OF
the manufacturers assert that it is
not necessarily inevitable that lean
year must follow a prosperous one,
or vice versa.
This tendency. they assert, de-
veloped almost entirely from un-
controlled output, thing very
definitely in the past of the automo-
tive industry.
Evening star., 1938-11-25
Industrial Designers
Report Faster Pace,
Expect Busy 1899
Sc Per Cent Of Companies
To Increase Activities
In Coming Year
6pt cisl Dispatch to The Star.


NEW YORK, Nov. 25.-This years
annual survey of design activity, just
completed by Product Engineering,
adds further evidence to indications
that design-engineering activities
are rapidly hitting faster and faster
pace. Also uncovered by the survey
is the significant fact that employ
ment of engineers, craftsmen and re-
search workers is in an upward
spiral
Reports from leading Industrial
design authorities throughout the
country show that, of 460 companies
participating in the survey, 258 or
Sc per cent expect to accelerate de-
sign activities during the coming
year, and 81 per cent are or have
been increasing their engineering
staffs during the past year.
In addition to the 56 per cent that
are increasing design activities, 162
companies or 81 per cent of those
reporting in Product Engineering's
survey plan to maintain these activi-
ties on a par with the last period At
the time of the survey. go organiza-
tions or 13 per cent remained in the
doubtful column. However, of this
latter group. it is probable that a
good percentage will soon join the
ranks of companies anticipating ex-
panded activity.
With reference to the different in
dustries, there was no drop at any
time during the past year in the
number of engineers employed in
the manufacture of airplanes and
airplane equipment. In fact, there
has been a steady rise since Septem-
ber. 1887. as reported by the COM
panies covered in the survey. OF the
460 companies reporting, in addition
to the 81 per cent that have been in
creasing their engineering STATS dur
ing the past year, "a per cent state
they have neither increased nor de-
creased their staffS, and 20 per cent
have not expanded their STATS
above the low point which was
reached in June Of the past year.
Evening star., 1938-11-25
Best Home BuiIdinq
Since 1929 Forecast
In 1889 and 1910
Utility Executive Believes
TotoI May Be Largest
Since Mid-Twenties
BY HENRY PAYNTER,
Associated Press Financial " ;ter.

NEW YORK, Nov. 25-The
United States in 1889 and 1910 may
have the best residential building
years since 1929, in the opinion Of
number of executives in manu-
featuring industries interested in
building construction.
A utility executive. who had Just
collected estimates of planned resi-
dental construction in this and a
number of other leading cities COM
piled by local power service COM
panies for their own extension
planning. predicted today that it
was even possible that the 1929 fig
ure would be surpassed and would
reach back to all-time records of
the midtwenties.
A heavy industry manufacturer
who depends for major part of
his expansion on new building pros
poets said that private capital was
now entering the residential build
ing field in great amount" for the
first time since the depression
began.
Foreign Capital Used.
Moreover, he said. some fugitive"
British and Amsterdam capital is
being put, also in big sums, into
new, privately financed, large-scale
housing developments. Plans for
three great developments supported
by this capital in the metropolitan
district of New York alone have
already passed from the planning to
the bidding stage, he said.
A number of the largest insurance
and other institutions in the country
are also preparing plans TO break
their investment log jam by way of
housing developments. he said, TAX
ing advantage of recent unloosening
Of legal restrictions in this and
other States.
An indication of the effect of these
new ventures on top of previous
plans already somewhat discounted
as general business stimulants, may
be gathered from an analysis of
recent predictions made by promi-
nent experts in the field.
Dodge Report Cited.
F.. w. Dodge Corp, a compiler of
data for the building and construc-
ton industry, has just published a
prediction of 1899 residential build
ing construction contracts totaling
ST 100000 1000. This is the highest
total since 1929.
w. c. Bober, economist for lead
ing building industry manufacturer,
predicted 1889 would be the best
year since 1929, basing the predic-
ton on studies antedating the new
developments referred to.
Those questioned pointed out that
Bober's estimate of residential units
required by reason of the depression
lag, obsolescence and failure to re-
place destroyed buildings amounts
to 100000 units year for the next
five years.
They cited as illustrating the at
tractiveness of residential building
investment the fact that about 2l5,-
600 families will have been provided
for in 1898, and that previous max
mum estimates for 1899 amounted
to 250,000 units.
Evening star., 1938-11-25
Poris Bonk Chances

PARIS. Nov c5 1P,-Bank of France
statement rs OF November 10 lin millions
Of francs,: Gold reserve. S7.264; increase.
81 .456. Balances abroad. S62; increase
1875 NEGOTIABLE bills bought in France
1903: increase. l31 Advances against
securities. 1871: decrease. 80 Discount
ed commercial bills-France 1886: de-
crease. 727. Temporary advances to state.
2o62!: decrease. -: sos Circulation, 1O7.-
34s: decrease, :423. Total credit to cur
rent account. 37.TS4: increase. 11,197
Thirty-day advances AGAINST government
securities. .2;05l: decrease. 22O Ratio of
gold to sight liabilities 6O.13 per cent,
compared with ali last week. Rate OF
discount per cent. lowered to ga Der
cent on November 24)
Evening star., 1938-11-25
Germany Leads World
In Cost Steel Output
BY the Associated Press.

BY the Associated Press.
The Bureau of Mines reports that
Germany, influenced by her arma-
ment program, had become the
worlds leading manufacturer of cast
steel.
British steel showed decreasing
production, the bureau said, but
noted the possibility that an upturn
might follow more intensive AFRAID
precautions.
Offlcals said. that Franklin B. At
wood, Consul at Cologne. reported
an upward trend in 1888 German
steel production, which as early as
1896 had climbed to 593 900 metric
tons, or 36.6 per cent of the world
output.
Evening star., 1938-11-25
Building Awards
Show Drop in
Holiday Week
ky the Associated Press.

NEW YORK, Nov. 25.-Engineer-
ing construction awards in the past
week, which was shortened by the
Thanksgiving holiday, dropped to
S49, $40 600. compared with $58.78O,-
600 the previous week and $72
900 in the same period last year,
the Engineering News Record re-
ported today.
For the year to date, however,
the total is ahead of last year by
nearly 10 per cent.
Large residential projects again
were conspicuous among private
awards, mainly in the New York
metropolitan area.
Projects by classification COM
pared as follows:
Latest week 1887 week.
Private Sl2,5s9. 900 Sl9.SSO, 900
State. municipal 33.436. 900 81 .624 900
Federal 3.945 900 971.0O0
Evening star., 1938-11-25
Nickel Plate Income
Climbs Above 1887
BY the Associated Press.

CLEVELAND, Nov. 25.-Nickel
Plate Railroad listed its October net
income at $685. $40, compared with
$12l ,949 in October, 1887. The road S
10-month operations have resulted
in 81 ,635 400 deficit. compared with
$2,130,977 profit the same period last
year.
Pere Marquette, another of the
former Van SWeringen lines, report
ed October net income of $238 .237,
against $256, 1857 in October, 1887.
For the 10 months S2,476,154 deficit
compared with $l,625 ,483 profit in
the comparable period last year.
Evening star., 1938-11-25
Wholesale Commodity
Index Up Slightly
BY the Associated Press.

The National Fertilizer Association S
index of wholesale commodity prices
rose last week to 1872 per cent of
the 1926-2a average, compared with
73.1 the preceding week, 1928
month ago and 1913 a year ago.
Small upturns in prices of farm
products and other foods were
largely responsible for the fractional
increase. although some textile prices
also rose.
Evening star., 1938-11-25
New York Produce

NEW YORK, Nov. % lPH--Eegs: 11;32s:
Mssd soloFs Special packs sS:
1920; mediums. 2412; dirties No. 1,
23la; average checks, 81 1la-22; refrigera-
tor, specials 251a-2Sl2: standards @5;
firsts. 24HA-h: mediums, % Whites: Re-
sale of premium marks. Al -43; nearby
and Midwestern, premium marks. 3S-40:
change standards. "a nearby, fancy me-
diums 32A-35la: nearby and Western.
by and Midwestern, refrigerator. specials,
2s-a2: standards. 27-2S; firsts 24-26.
Browns: Extra fancy, 36-3s; nearby and
Western, exchange specials, 35; nearby,
exchange mediums. 90.
Duck eees-Fancy, 1894.
Butter, 7ss.561; flrmera Creamery.
score): 27a4-2S: firsts tSS-9D. 25la-27A. !:
seconds (s4-E7). 23h-25.
=. Cheese. 1855. steadier; prices un-
Evening star., 1938-11-25
Boston Wool Market

BOSTON. Nov % lA, Omitted States De-
partment of Agriculture).-Thew wool mar
ket in Boston was very quiet today Most
changes in quotations on domestic wool
Slight concessions were available on oc-
casional lots of fine territory wool in orig
inal bags. but the volume of wool available
below recent selling prices was very mod
crate.
Evening star., 1938-11-25
Foreign Markets

LONDON. Nov IS P-Continued
weakness in sterling exchange restricted
trading in the stock market today, but
prices held fairly steady. Copper stocks
sold higher and the industrial list was a
shade up. Cement shares were exception
ally weak and rubbers and oils eased.
British government issues closed fraction
ally OF while trans-Atlantics were about
PARIsG1nternati tionsi "Is securities . 0i., Closed
lower in the Bourse today with Suez Canal
declining almost 200 francs and Royal
Dutch of 25 Rentes finished 90 centimes
down to IS higher. Bank of France
gained 90 francs.
Evening star., 1938-11-25
London Bank Report

LONDON. Nov. % l0.-Bank Of England
statement as Ssea Ct N1vember e u IN thousands
1880 Bullion. 327 .68l: increase. B. Re-
serves 81 .623: increase. 2,53e. Public
deposits. 127.21g: increase 1905. Gov.
ernment securities 81 .eO1: decrease 8.439.
Other securities. 333l2: tncroaee. $40.
cent compared with ao.7 last week.
Evening star., 1938-11-25
New Directors Named

BOSTON, Mass, Nov Is (SpeciaD
R. H. McCintic, Pittsburgh, and
John N. Marshall, Bethlehem, Pa,
were elected to the board of trus-
tees and executive committee of
Koppers United Co., which has sub
stantial investments in Koppers
Co, Pittsburgh. and in Eastern
Gas & Fuel Associates here.
Evening star., 1938-11-25
|Hupp Discioses
| $24l,041 Loss
| In Quarter
By the Associated Press.

By the Associated Press.
NEW YORK, Nov. 25.-The Hupp
Motor Car Corp. reported today for
the three months ended September
80 net loss of $241, ,04l, compared
with loss of $459.177 in the COM
parable 1887 quarter and loss Of
$226,z01 Tin three months ended
June 80 this year.
For nine months the net loss
amounted to s757 ,939, against loss
of $809,143 in the like period last
year.
Evening star., 1938-11-25
Reichsbonk Statement
Dividend Is Declared

NEW YORK, Nov. Is (SpeciaD -
At meeting of the Board of Direc-
tors of American Safety Razor Corp,
? the directors declared a quarterly
dividend of 10 cents per share on the
$3.50 par value shares. payable De-
cember II. 1888, to stockholders OF
record at the close of business De-
cember 6, 1898.
Evening star., 1938-11-25
U. S. Treasury Position
BY the Associated Press.

The position Of the Treasury November
90: Receipts. 81 ,999, ,4s4 4.33; expenditures
1876 including 81 s92 ,674 453.01 work
ing balance; customs receipts for the
Receipts for the hscal year tsince July
~ So f63, ,454,s22 so; expenditures. So
1856. 126. IS, including 81 1874. .209,-
of expenditures. 81 1922 .66l 546 s5; gross
debt; S3S: 55s; Ola. .620.9s. an increase Of
S793 .603.42 above the previous day: gold
assets, S14.217.9O2 16O.96.
Evening star., 1938-11-25
Metal Market

steady: eiectroiytic SPOT. 1928: export
1918. Tin barely steady: xpot and nearby
46.15: forward 1920. Ieed steady: SPOT.
Zinc steady: East et. Louis. spot and for
ward. 4.76. Pig iron. aluminium, anttnonY.
quicksilver. platinum and Chinese WOLF
rsnnite unchAnEeA
Evening star., 1938-11-25
Dry Goods Market

NEW YORK. Nov. Is A7.-Demand for
cotton cray cloths vas uneven today. but
prices we're nrm. Finished goods sold IN
Wool Voc aoods nasfets 1efs slower. 6qTiap
declined slishtly In quiet trading. Raw
atlk Wa steady
Evening star., 1938-11-25
Odd-Lot Dealings
By the Associated Press.

The Securities Commission reported to-
odd lot dealers or specialists on the New
York Stock ExchanEe for Noyember %:
4 100 purchases involving 1928 shares,
1857 sales involving 133,2O1 shares.
Evening star., 1938-11-25
Washington Exchange

SALES-AFTER CALL.
Anacostia e. Potomac r. r. as
$1,000 at 81.
Evening star., 1938-11-25
Investing Companies

NEW YORK. Nov 25 R.-Investment
Bankers Conference Inc:
iNoop nuotations
Evening star., 1938-11-25
Montreal Silver

MONTREAL, Nov. 25 B.-etlvsf fu-
tufes opened unchanged. November.
Evening star., 1938-11-25
u. S. Treasury Notes
NEW YORK, Nov. % UP.-Prices quoted
in dollars and thirty-seconds.
Approx.
Asked. yield.
Federal Lund Banks

NEW YORK Nov. rs tR.-Federa1 Land
IA h0ndS.
Evening star., 1938-11-25

"Quota tions not furnished by sponsor or
issuer; all others are obtained by !. B. c.
from those sources.
Evening star., 1938-11-25
Insurance Stocks

NEW YORK. No 25 R.-Investment
Bankers Conference, Inc:
Evening star., 1938-11-25


tPlus extras. e2T extra f2hT ex-
/ ira, h 75c extra eSl4 extra paid No.
vernber 80 1887 30c extra. m SO extra.
D SOC paid September 20 1888.
Evening star., 1938-11-25
FOREIGN Exchanges

Also tNITa OF eXtTaS.
eDeclared or paid so far this year.
The Dayton forum. [volume] (Dayton, Ohio) 1913-1949, 1938-10-28

Ihe insurance manager told tile
professor he had followed the reg
ular procedure III applying for al
mission and that his fees Aad been
sent by cashiers check. He had al
SO received his cards Of admission,
he stated, and could not see where
any mistake had been made.
''All right, tear the first ticket Off
and give It TO the gentleman at the
door and take seat in the class
room" Prof. Brewer said
Mr.. Allen has since been attend
ing regular sessions OF the class
without trouble. Ii meets in the
geological auditorium on the unit
versity campus.
His acceptance as 4 student j. be-
ing looked upon as significant
victory The Texas lnterracial COM
mission for four years has been
working for legislation TO provide
scholarships for graduate students
in schools outside the state. 1t Is
believed Mr.. Aliens acceptance will
either cause the speedy passage OF