davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-09-21
Stock Averages
Compiled by the Associated PressJ
BY VICTOR EUBANK,
Associa ted Press Financial Writer.

NEW YORK, Sept. 21.-War
stocks mapped for while in today,S
market but eventually awakened
and stepped out for a sprint that
put many up as much as points
at the best Isolated gains Of or
so were noted.
Prices were spotty in the FORE
noon, with the turnover the first
two hours the smallest since the
boom got under way nearly three
weeks ago.
Speculative forces had their ears
to the ground, however, and, just e
after midday, when rumors we're
heard in boardrooms of leak" at
Washington indicating repeal of the
arms embargo was in the bag"
buyers hit the list from all sides
and quotations soon mounted to
peak levels of the day.
For brief interval the ticker tape
fell two minutes behind floor trans
actions. Subsequently there were
frequent slowdowns and picKups in
activity. Renewed hesitancy was
evident near the close and final ad-
vances were we'll trimmed in many
cases. Transfers were around 1,700.-
900 shares.
Rail equipments were strong all
day, even when other groups were
marking time. Aircrafts and farm
machinery issues also were in de-
mand. Steels, under water for e
while, came back smartly on the
noon bulge.
Initial cooling of bullish ardor
was attributed to the desire of the
majority of traders to await the
address of President Roosevelt be-
fore Congress after the close out.
lining the proposed shelving of the
present Neutrality Act.
News from European fronts, in
cluding assassination of the antiE
Nazi Rumanian Premier, seemingly
tended to confirm the ideas of sew
eral financial observers that short
war was hardly likely.
Business and industrial prospects
at home, it was believed, contributed
one of the main market props.
Especially cheering were last weeks
freight loadings figures, issued today,
disclosing a much more than sea-
sonal jump to above the 8O0O 900
| mark for the first time since Octo-
Der 16, 1887. Expanding steel pro-
duction and higher prices for
woolens, rayon and other staples
were viewed as hopeful indicators.
Prominent shares on the forward
tilt included Westinghouse Airbrake,
Pullman, American Woolen, Pressed
Steel Car, United States Steel,
Bethlehem, j. I. Case, International
Harvester, Douglas Aircraft, Glenn
Martin, Great Northern. Westing-
house, Du Pont. Johns-Manville,
Texas Corp. and Sears Roebuck.
Evening star., 1939-09-21
Dai|yPhone Calls
Break D. T.. Record
For Eight Months
Number Of Stutions
In Use in August
Also Exceeds 1888
By EDWARD c. STONE.

Average daily telephone calls.
which furnish an unusually valuable
business indicator, broke all pre-
vious records in Washington in the
first eight months of this year, ac-
cording to the latest reports from
the Chesapeake & Potomac Tele-
phone Co.
For the first time, daily calls
crossed the million mark in every
one of the first six months. Hit by
the summer lull, they dropped in
July and August but still were well
ahead of the same months last year.
At the close of business on August
81, the Capital was served by 245, $40
telephones as compared with 232 .293
in August, 1898. A slight gain in
the number of telephones in use at
the end of the month was registered.
Comparisons of the number of
phones in service so far in 1899, with
the corresponding months in 1888
oro &C fn11ou,c.
Evening star., 1939-09-21

Chicago Cash Market
Cash wheat. No. 3 red eight. smutty). I
SSl4: No. hard s9h.: No. yellow, hard. ,
SSL-l2: No. 4. S7la-SS: No. 2 mixed, S. -
Corn, No. / mixed, 571a-5Sl4 No. j VEL
lev. o7lt-5s; No. ?, 57l4 No; ! ,whits
35h4-s4: sample grade. white. 33is-34.
Barley, mailing. 55-56, nominal: feed. $50
4s. nominal; No. 3 mating 65-66 Buck.
wheat, No. l. l. .55 Timothy seed. 365-9O,
nominal. Red clover 12.00-15 90, nom
inal Red top. S50-9.0 co. Alsike. 1900
Winnings Prices.
today:
Evening star., 1939-09-21
Crowley Finds Banks Scum,

Crowley Finds Banks Sound.
Chairman Leo T. Crowley of the
Federal Deposit Insurance Corp, de-
clares that the banks never have
been in better condition and are
adequately prepared to meet every
emergency. Talking to the National
Association of Supervisors of State
Banks, at Salt Lake City, he denied
that Government lending agencies
were hurting business. The R. F. C.
does not compete with private busi-
ness because it takes only such
loans as banks refuse and the Home
Owners Loan Corp. no longer lends
money, he said.
Strict Government supervision of
banking, Mr.. Crowley declared, has
been justified by results during the
past six years. With more than
$4,000 banks in this country, the
Government insures upward of 80
per cent of the deposits of 1880 of
them. Not single one of the de-
positors in these banks has lost a
penny during the past six years be-
cause of bank failures.
Mr.. Crowley believes the reduction
by the banks of interest on savings
accounts has not diminished the
volume of accounts throughout the
country, because, in his opinion, the
average small depositor is more con-
cerned with safeguarding his money
than he is in making more money
with it.
American Security Dividend.
A quarterly dividend of 2 per
cent, apayable october 10 to stock
holders of the American Security &
Trust Co. of record at the close of
business September 80, was declared
at the regular monthly meeting OF
the Board of Directors, held Tues
day.
Woman workers in Washington
banks were thinking longingly today
Of Seattle, Wash, where the 17th ma
tional convention of the Association
of Bank Women was due to open
Today's program was jammed with
annual reports and a symposium on
"Womens Progress" conducted by
Milford Roberts, association presi-
dent.
Washington Stock Exchange trad
ing today was confined to Washing
ton Railway & Electric preferred
which changed hands at HOS,
slightly lower than the last previous
sale.
Bank of Commerce & Savings,
Carpet Corp. and the Woodward &
Lothrop issues have been added to
the list being quoted ex dividend
All will make the regular payments
shortly.
Evening star., 1939-09-21
d. C. Realty Loans Expand.

Aggregate resources of the "
building and loan associations oper-
ating in Washington reflected a
small seasonal decline during August
as compared to July, reporting assets
of $130,049, las. According to the
accounting division of the United
States Building and Loan League
which complies the figures monthly,
continued mortgage activity is noted
in the Capital. Loan organizations
granted 584 real estate advances in
August totaling $2,582 ,O00 of which
amount over $l,65O,00O was for new
construction and new houses not
previously financed.
The combined balance sheet of
the reporting units discloses that
shareholders have paid in $116.-
754,791, while mortgage loans made
by the associations have grown to
$l20,629 652. Total surplus is $4,-
412,563.
F. Wilson Camp, secretary of the
District of Columbia Building and
Loan League, stated today that the
number of new shareholders who
Joined during August corresponds
favorably to the advances registered
during the earlier months of 1899.
Mr.. Camp said that 879 new share
accounts were opened by the WASH
ington associations in the past
month.
August Sales Index Climbs.
According to The Stars monthly
business survey, the index of depart
ment store sales in Washington in
August was the highest for that
month on record.
The index, based on average
monthly sales in 1923 as 100, reached
1902. compared with 1O15 in Au-
gust of last year and 978 in August,
1887. In 1886 the index stood at
958 and in August, 1885, was up to
10005. In August, 1884, the figure
was 856.
In one one month in the first
eight months of 1889 was the index
lower than in the like period in
1888, April, 1903 comparing with
1886 Monthly index comparisons
with corresponding months last year
all
Evening star., 1939-09-21
Chicago Grain
BY the Associated Press.

BY the Associated Press.
CHICAGO, Sept. 21-Scoring q
sharp rally after an early decline,
wheat prices today advanced more
than 2 cents a bushel above the
days low levels and closed with net
gains of more than a cent.
Short covering and buying attrib-
uted to milling interests were
factors that led to the upturn.
Strength in securities and reported
withdrawal Of Federal Reserve sup
port of Government bonds attracted
much attention in the trade.
Wheat closed Ia liz cents higher
than yesterday, December, 8634-7s;
May, o77s -88; corn, SIS up, De-
cember, 5512-ss; May, 581a; oats.
- 81 higher.
Evening star., 1939-09-21
New York Bank Stocks

NEW YORK. Sept. 21 dP.-NationA
Association Securities Dealers. Inc.
fjops of o,cIork
Evening star., 1939-09-21

0oes o' StocNs OF Uie n Z. StOck EXchon0e
1880 AM-------- $4,000 1900 Noon ----, $50 900
100 Pm. 1O3O 600 p / 900 OOO
Total Sales for the day l730.O00
sUnit OF
DsnkTnntcs or rscevershp being .eosansed under
R,tes Of dvdend p The ioeesons table annual dourse
men oe8eo the last quarterly
unes. noted special Included
xo 81 dvfnend u * rights q
last year Payable stock
year Cash stock Accumusted dividends paid de-
Evening star., 1939-09-21

The pin Of bronze broach nearly
1000 years old, unearthed recent4Ygl
near Settle, England. was as sharp
as II Just made. &
Evening star., 1939-01-12
Injunction Restricts
Collection AGENCY

District Court Justice Daniel w.
ODonoghue today issued a perma-
nent injunction against Marie l..
Gamble, who operates a collection
agency known as the Protective
Credit Association, enjoining her
from representing that she or any
agency operated by her has the right
to institute any legal action, furnish
the service of attorneys. prepare
legal papers or share In fees from
counsel.
The injunction, however, clearly
permits her to continue to conduct a
collection agency 80 long as such
agency is conducted in conformity
herewith" The woman, who is not
a member of the bar, according to
court officials, was accused of pre-
pairing legal documents and splitting
fees with attorneys she engaged in
prosecuting cases.
The action which resulted in the
injunction was filed by the Commit
tee on Suppression of Unauthorized
Practice of the Law of the District
Bar Association. Richard L. Merrick
is chairman of the committee.
Justice ODonoghue's Judgment
dismissed similar complaint against
Jack Politz, who also was made a
defendant in the case.
Evening star., 1939-01-12
Cooperation Held Key
To Shore Preservation

Demands for Federal protection
OF the Nations coast line against
erosion were voiced yesterday al
the annual meeting of the Ameri.
can Shore and Beach Preservation
Association in the Carlton Hotel
Federal and State officials and loca
engineers Joined in agreement that
shore property protection should
not be left to individual effort but
done through cooperation. In this
connection 1t was pointed out that
less than l per cent of the Nations
shore line is owned by Federal OF
State Governments.
The group was welcomed to Wash
ington by Commissioner David Nc
Coach, who said that though the
city is some distance from bay OF
sea resorts, its people are directly
affected by the problen. Of erosion
because they seek recreation at
nearby resorts.
The association seeks adequate
legislation to protect shore interests,
general improvement and protection
public works, as we'll as the collec-
ton Of adequate scientific data on
causes and effects of erosion on
shore lands. The organization also
seeks reservation of appropriate
shores as national and State parks. -
Maj. Gen. Julian L. Schley, chief
OF the Army Engineer Corps, gave
one of the principal addresses, in
which he pointed out that his or
ganization is charged by the Fed
eral Government with river and
harbor construction, and therefore
has an active interest in the prob
lens of the association.
The organization reelected its
officers, which include J. Spencer
Smith. chairman of the New Jersey
State Board of Commerce and Navi-
CATION, president; George Hjelte,
superintendent of the Los Angeles
Department of Fairgrounds and
Recreation, vice president, and
Frank D. Holmes, jr., assistant to
MIR. Smith, secretary treasurer. The
one-day session closed with an in
formal dinner last night.
Evening star., 1939-01-12

| Marco Rosales and Jack Kerr from
S to and 10 to 2.
Checkerboard Room Lafayette
Hotel lounge; entertainment from S
to 7 and 10 to /.
Hamilton Hotel-Milton Davis and
the orchestra play for dancing in
the Rainbow room from until 7 and
from 10 to /.
Hay-Adams House-Dinner music
nightly by Larry Hendrick at the
Hammond organ.
Hi-Hat Lounge-At the Ambassa-
dor Hotel; entertainment nightly by
''Hill Billy" Dick Roger and the
Three Ms. Songs by Angie Rodante
Lotus - Shows, featuring several
acts and a chorus, at l, 7:3O and
11:3O pm; dancing to Bill Strick-
lands Orchestra; minimum charge
Heigh-Ho Club-Smart dinner and
supper club, with dancing from 8
until 2:30 to music by Artie Humes
and his orchestra. Minimum charge
except for dinner guests.
Madrillop-Spanish and American
cuisine; dancing, 7:30 until 1:30, to
Johnny Shaw's music. Songs by
Mary La Marr.
Maryland Club Misunderstanding
and floor shows nightly.
Mayflower Lounge-Sidney's music
played for dancing from S to 7 and
after 10, when there's minimum
charge.
Raleigh Hotel-Dancing nightly at
dinner and supper to music by Mario
di Polo's Orchestra, in the Pail Mall
room. Dress preferred, but unneces-
sary. Minimum charge Saturday
nights only.
Russian Troika-Russian cuisine
and floor shows, with skits in the
chauve souris manner. Dancing
nightly, including Sundays.
Standardization Hotels init
mate cocktail and supper dancing
rendezvous Dance music by the
Biltmore Boys, with songs by Lou
Martel.
ShOreham Hotel-There's a CAV
show staged twice nightly in the
Blue room, dancing music by Bar
nee; cover charge.
Uptown-Cocktail lounge across
from the Uptown Theater on Con-
necticut avenue. Entertainment by
Ray Beck and Libby Frazier. No
cover, no minimum.
Wardman Park H0tel-Paul Kahn
and his orchestra play for dancing
nightly in the Metronome room
from 10 to 2. Minimum charge.
Evening star., 1939-01-12
To Discuss Teuchino

Willard Beatty, director Of educa-
tion Of the Bureau Of Indian Affairs,
will discuss 1.-THE Place Of the
Teacher in Democracy" at a
meeting of the Washington Union
Of Private School Teachers next
Tuesday at 8 pm. at 9l6 Sixteenth
street NV.
Evening star., 1939-01-12
South CuroIiniuns to Dance

The District of Columbia South
Carolina Society will hold a recep-
ton and dance in honor of the con-
gressional delegation from that
State at 8 pm. tomorrow at the
Shoreham Hotel.
Evening star., 1939-01-12

Nine whaling expeditions are
operating in the Antarctic this
season.
Evening star., 1939-05-11
Small Home Buyer
Good Credit Risk,
Fahey Declares
Home Loon Bank Head
Urges Lower Prices
To Widen Market
BY the Associated Press

By the Associated Press.
NEW YORK, May 11-"People
with small incomes carrying mod
crate loans on homes they could af-
ford to occupy have met their obli-
cations better than those with bet
ter incomes living in better class
homes" John H. Fahey, chairman
of the Federal Home Loan Bank
Board said today.
Addressing the annual meeting of
the National Association of Mutual
Savings Banks, he recommended a
reduction in the price OF low-lncome
homes, saying: Il think the exper-
fences OF recent years are bringing
home to all who are earnestly inter-
ested in housing the fact that we
have not yet solved satisfactorily the
problem of producing the best pos
slble house to meet the needs of
. the great mass of our families whose
annual incomes, even under the
most favorable circumstances, must
be regarded as moderate.
Careful studies which have been
made show conclusively that over
30 per cent of the urban families
Of this country cannot afford to own
homes which cost more than $4,000.
Great Market Seen.
1T is very difficult to provide a
satisfactory house within that limit
IN most of the Northern sections
of the United States, but in those
areas there is undoubtedly very
great market for the 5000 house.
ut is. of course, said to be next to
impossible to produce a satisfactory
home for the average, moderately
well-to-do family at such prices,
but it is interesting to speculate
as to what may be accomplished if
lending institutions. the material
> producers, the architects of the
country and building trade labor
can be persuaded to join in a de-
termined effort to attain so desir-
able an objective"
E. L. Osterndorf, president of the
National Association of Real Estate
Boards, told the bankers: The in
tervention of Government through
the Federal Housing Administration
has proved helpful and wholesome
for our country. and such real
estate activity and mortgage lend
ing as we now have we owe in large
part to this Government agency"
Mcdonald Is Speaker.
Stewart Mcdonald, F.. H. A. ad-
ministrator, asserted the admins
tration is seeking something more
far reaching and more fundamental
to the Nation as whole" than the
present mortgage and loan system.
This objective, he said, includes the
better planning of cities and towns
throughout the country and the as
surance of proper construction of
homes.
Mcdonald advised the bankers:
There is no need for any of you to
feel any hesitation now about going
ahead in the home building field"
Evening star., 1939-05-11
Big Fire Intensifies
Fears Over Wheat
PIT Deliveries
Tight May Situation
Reported os Flames
Destroy Grain
BY the Associated Press.

BY the Associated Press
CHICAGO. May 11.-A raging fire
in the heart of Chicago's largest
group of grain elevators and a tight
technical situation in May wheat
futures contracts on the Board of
Trade today gave the wheat pit here
its most exciting day in years.
Traders attempted to estimate the
amount of grain, particularly wheat,
which may be destroyed, and that
stored in other nearby elevators,
which was reported threatened.
This was unusually important be-
cause it was believed that some grain
which could be delivered to satisfy
May contracts in the pit might be
involved. Down on the trading
floor. the wheat pit boiled with ex-
citement as traders bid up the price
Of May deliveries more than cents
a bushel to above 80 cents. the high
est wheat has been quoted since last
summer.
| Traders jammed express elevators
in the Board of Trades skyscraper
building to 60 to the observatory "A
floors above the street. from where
they could view at a distance of Is
miles the blaze and smoke rising
from the Calumet district Of Chi
cago's far South Side.
Evening star., 1939-05-11
Officials Silent on Cash
Grain Restrictions
BY the Associated Press.

BY the Associated Press.
CHICAGO, May 11.-Officlals OF
the Chicago Board of Trade and
Cargill, Inc, Minneapolis grain
merchandising concern, declined
comment yesterday regarding the
exchanges restriction on cash grain
dealings for deferred delivery out
side the regular futures market.
Exchange directors have ordered
members to report all contracts for
purchase or sale of warehouse re-
ceipts for deferred delivery, con-
tending their use in connection with
future delivery to be detrimental to
trade interests.
The Cargill firm, which is not a
member of the Board of Trade. was
reliably reported to have been doing
that type of business. contending it
was legitimate. The company has
purchased and sold contracts in
volving receipts to be delivered at
various future dates. Some of these
contracts involve receipts for May
delivery.
The Commodities Exchange Com
mission has been holding pro-
longed hearing into the controversy
between the Board of Trade and
the Cargiu firm regarding the Sep
tember, 1887, squeeze" in corn fu-
lures.
Evening star., 1939-05-11
Nv tha Associated Press.

BY the ASa0ClkteO 1ISoos
NEW YORK, Nay 11.-The
teri of the statement issued by
DR.. John r. Steelp,dn, director
of the United States Cancellation
Service, at the close of the soft
coal inference this morning fol-
lO1DS:
The time has come when the
public interest must take prece-
dence over that of any individual
or group. The country must be
supplied with coal.
In the performance of its reg
ular functions, the United States
Cancellation Service assigned
James F. Dewey several weeks
ago to assist in mediating this
dispute. When the parties were
unable to agree, he urged the
extension of the old contract and
the continuance of operations
pending negotiation of a new
contract. This would have kept
the miners at work, and the Ma
ton supplied with coal.
1t is now generally known that
the operators refused this pro-
posal for reasons of their own.
In Agreemen ton Aims.
Later I was appointed as a
special representative of the Gov
ernment to come to New York and
urge that a settlement be made.
We found the negotiators in
agreement as to the general aims
and principles affecting their mu-
tual dealings. The operators
representatives have stated en-
phatically that they desire to
safeguard in every legal way the
jurisdiction of the United Mine
Workers throughout the industry
and to continue to do business
with them through the Appalach-
ian coal conference.
We have lah0red hard and
Evening star., 1939-05-11
Chicuqo Livestock

CHICAGO May IL lR,:-7aUnited States Sss
hogs. 1000: general market steady to 10
$50 pounds 695-7 Is: top. 715: .260-300
pounds, $685. 90; 3OO-36O pounds. ego
sb: $50 500 pounds packing sows. $4,000:
few light weixhtx, 6.OO-25.
Salable cattle. 1000: salable calves.
200; fed steers and vearlinGs steady to
strong; medium to good grades predom-
mating; bulk turning at s.75-lO.25: notn-
ing strictly choice here: best early. 1.56.
paid for approximately 1,sso-poqnd aver r;
ages: very few yearlings above 1928 Gil
interests after $50 to 1.05O pounds steers
and yearlinss; heifers yery scarce; steady;
crop averaging fuliy, IS under recent hiEr
time: bulls steady at 7.40 down and veal.
kinds showing most advance: wefEhty veal
ers up to 1880: feeders very scarce.
Sslable sheep; 5000; late wednesday fat
1918: bulk: 1os5.5o; Closing ...es down;
ward to $50 on plain kind: top clipped
lambs a,65: best California sorinsers
1878: others 1923 and 1910: handy
weight fed. Western clipped ewes; 5.25:
today,s trade on fat lambs slow; early s scles
lambs. 100000: clipped Westerns. 0.35-40.