davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-10-04
Stock Averages
BY VICTOR EUBANK,
AsS0ciated Press Financial Writay

NEW YORK, Oct A struggling
retreat in war stocks was offset by
small gains elsewhere in the market
today.
Minor gains and losses were about
evenly divided near the final hour
after the list had come up bit
from forenoon selloff.
Buying went chiefly into utilities,
motors and copper shares. Transac-
tions, running about the same as in
the previous session, set a pace of
approximately 100000 shares for a
full session.
The strategy of the trading forces.
brokers said seemed to be mainly
to wait for the Hitler speech later
in the week. Meanwhile, deprived
of speculative support, moderate
offerings depressed steels. chemicals
and other recent war babies
Bonds held better than stocks,
with utilities going ahead. Most
commodities sagged in quiet markets.
Down l to more than 2 at one
time were United States Steel, Re-
public Steel, American Can. Du
Pont, United Aircraft, Allied Chem
ical, Johns-M -Manviile, Great North
ern preferred, Caterpillar Tractor
and Youngstown Sheet.
Tending higher were Chrysler.
General Motors, American Tele-
phone, Sears Roebuck, LoeW's and
Westinghouse.
In the curb small gains and losses
were intermingled. Losers included
Aluminium of America, Bell Air
craft, Lockheel. Jones & Laughlin
Steel and Midvale. Up little were
American Cyanmid B, Gulf Oil and
Heyden Chemical.
Traders showed the habitual in
terest in motor shares on the ap-
proach of the New York Automobile
Show. Car sale reports, moreover,
were encouraging.
There Was an early buying furry
in coppers on announcement a
leading producer had raised the
price of the metal for domestic de-
livery to 1912 cents a pound, up 4.
With the European peace ques-
ton still the dominant topic in
financial circles the German Chan.
cellor's speech was awaited for the
next important clue to prospects of
ending the war Meanwhile, there
was a tendency to steer clear of the
war shares, despite the Widespread
industrial improvement in the
United States and indications in
dustrial companies had attained .
higher level of earnings.
Evening star., 1939-10-04
New York SUGAR

NEW YORK. Oct. R.-Domestic
steadiness. Cuban selling and speculative
LIQUIDATION found little support from the
trade and in late afternoon prices were
at 2.19.
World contracts declined 1 to 3k points
under hedge selling and commission house
pressure. July was quoted 1.S9h for the
outside loss.
Raw sugar was quiet, with little buying
interest despite duty-free offerings at 365
cents and prompt-shipment Cubas ct 2.2O
e. and +. Refined continued quiet and
UNCHANGED at $50 cents.
Evening star., 1939-10-04
Interest on C.C.C. Looms
To Farmers Cut to ; Pct.

Secretary of Agriculture Henry A.
Wallace announces, effective Novem-
ber Z, interest rate to farmers on all
Commodity Credit Corp. loans will be
reduced from 4 to 3 per cent per an
mum.
The reduction in the interest rate
to farR1ers was based on an under
standing that grew out of a confer
ence between representatives of the
American Bankers Association and
officials Of the Commodity Credit
Corp.
Evening star., 1939-10-04
DYGoods

Worth streets cotton goods market held
steady today DESPITE minor second hand
onerinss at levels Va to IA Of a cent a
agents said the tendency on the part Of
most buyers was to appraise the European
outlook and to be wary of commitments
untli me present discussion over peace
terms reaches q conclusion
Fol!owing declines in Calcutta. burlap
quotations locally were lowered 10 points
ness on standard plain loom goods. Activ-
ity was heightened in silk fabrics Woolen
goods manufacturers reported fair inquiry
for spring lines.
Evening star., 1939-10-04
New York Cotton
BY the Associated Press.

BY the Associated Press.
NEW YORK, Oct. 4.-Trade and
mill buying lifted cotton futures
from early losses today. With the
exception of the spot month, active
deliveries ranged unchanged to 3
higher around midafternoon. Octo-
ber was subjected to small liquidat-
ing orders and some switching, los
ing points at $40.
NEW ORLEANS, Oct. 4 (P.-Cot.
tonseed oil opened steady; October,
6.28b; December, 6.26b; January,
6.31b; March, GAS; May, 6.52b. B.
Bid.
Evening star., 1939-10-04
Bank Deposits Here
Al AII-Time Record
OF S355,064,223
Call Finds Spring Mark
Bettered S13, ,344,86l;
Factors Explained
BY EDWARD C. STONE.

Aggregate deposits in % Washing
ton banks on October 2, 1899, reached
an all time peak of $685., ,064, ,223 %, an
increase of $13,344, ,S656l over the
previous high mark reached on
March 20 of the present year, it was
learned in the financial district today
following a call for the condition of
all banks in the District and all ma
tional banks in the United States
Issued this morning.
A survey made by The Star re-
vealed that there was a gain in de-
posits in Washington of $31 1882 900 .93
between the call of June 30, this year,
and october 2.
Bankers said today that the SEN
sational gain was due to normal
increases in deposits in Washington
which have been reported recently
Some holders of foreign securities
have recently converted their invest
ments into cash and much of this
has found its way into the banks.
Bank officials also stated that in
vestors have recently converted some
of their Government bonds into cash
and this. too, has been a factor in
swelling the present total
Close After Pay Day.
Another factor in establishing the
new record was the date of the call.
This came shortly after Govern
ment payday when great deal of
money had been deposited in the
banks and very little drawn out.
The fact that in the past month
there has been greatly increased in
terest in the stock market does not
seem to have lowered bank deposits
much, bankers said.
The Washington banks today re-
ported the following deposits on the
date of this latest call:
Evening star., 1939-10-04
Crowder Heads New
Airline Department
BY the Associated Press.

BY the ASSOclated Press.
PITTSBURGH, Oct. 4.-Pennsyl-
ania-Central Airlines announced
today the formation of depart
ment of stations because of the in
creasing growth and development of
the company"
M. A. Crowder, former station
manager at washington, D. c., was
named chief of the new department.
He will direct supervision and oper-
ations of 20 stations in 8 States
and the selection, training and ef-
ficiency of station personnel.
Evening star., 1939-10-04
Tobacco 'Contrubund'

Senator Bailey, Democrat, of
North Carolina said today he had
been Officially informed" that Ger
many had made tobacco a contra
band of war and subject to destruc-
ton or seizure on the high seas.
Evening star., 1939-10-04
Odd-Lot Dealings

The Securities Commission report
ed today these transactions by GUS
toners with odd-lot dealers or
specialists on the New York Stock
Exchange for october 8: 5,071 pur-
chases involving 1925 shares;
5,187 sales involving 138,759 shares,
including 1873 short sales, involving
1907 shares.
Evening star., 1939-10-04

Today'S report was the second COW
ering the first nine months of this
year. The first covered bank clear
ings in the Capital which totaled
1881 628, ,47424. an increase of $43,-
985 62011 over the same months in
1888
Dollars and Sense Out.
The first fall issue of Dollars and
Sense, published by Washington
Chapter, American Institute of
Banking, appeared in the financial
district today. The publication has
jumped in size from IL to 16 pages,
and is crowded to the brim with the
activities of the chapter.
The issue also contains some most
interesting excerpts from an address
by DR.. Harold Stonier. executive
manager of the American Bankers
Association, on Design for Living
This years editorial staff includes
A. E. Henze, w. B. Hibbs g. Co.,
editor; j. George Dagenais, Riggs
National; Arthur Meade, Lincoln
National; Miss Rose Royce, WASH
ington Loan & Trust Co.. and Rich
ard Ehlis, American Security &
Trust Co., who is circulation man.
ager. The issue is one of the best
ever
Today's Trading on Exchange.
Anacostia & Potomac guaranteed
IS sold at 110 on the Washington
Stock Exchange today on a $1,000
turnover. Capital Transit moved at
1917 on sale of 10 shares and Po-
tomac Electric Power 51a per cent
preferred registered 9-share trans
fer at 112.
j. Clifford Folger, partner in the
investment firm of Folger, Nolan &
Co., and James H. Lemon of Johns
ton, Lemon & Co. will leave here
shortly to attend the 1889 conven-
ton of the Investment Bankers As
sociation at Del Monte, Calf. The
meeting opens next Monday.
Average daily sales of chain drug
stores in August were practically the
same as August, 1888, and per
cent lower than in July, 1889, accord
ing to the marketing research divi-
sion of the Bureau of Foreign and
Domestic Commerce. It is estimated
that sales for the first eight months
were approximately 2 per cent
higher in 1889 than in 1898.
Evening star., 1939-10-04
Crude Rubber Futures

NEW YORK, Oct. R.-Crude rubber
futures opened s to IA lower. December,
1g:21-25; March. 17.84-85; May. 176lb
Evening star., 1939-10-04

sUn1t OF trading 10 shares
rim bankruptcy receivership reorgaued under
bankruptcy Act securities assumed such
Rates Of dividend the annual dsburs
Unless otherwise noted special are Included
!as year PAYABLE stock Declared paid this
this year N'oe"N' '~o VI oe
Evening star., 1939-10-04
U. S. Treasury Notes
London Bur Gold
Reported by Smith. Barney q Coz

LONDON. Oct 4 R,.-Bar gold, 1855
UNCHANGED. Equivalent S33.S5 on basis
pr silver. sikd. sn =. nauiv.ient
Evening star., 1939-10-04

American business machines now
lead in popularity in Bolivia.
Evening star., 1939-10-04
Chicago Grain

CHICAGO, Oct. 4 R.-Wheat
prices steadied today after having
fuctuated nervously within a range
of about cent Some late buying
that lifted values to net gains Of
about l2 cent was credited to local
shorts.
Private crop experts made little
revision in their final spring wheat
estimates. Their average of 1875 ,000,-
600 bushels being unchanged from
the Governments September l fig
ure
B. W. Snow, one of the experts,
commenting on the moisture situa-
ton in the Southwest said that it
was highly unfavorable at the date
of seeding for the 1910 wheat crop
and that unless there is excessive
rainfall during the next four weeks
over the Southwest area we will
face a coming crop failure in the
hard winter wheat territory Nor
NAL moisture" he added, will not
suffice to meet the situation that
now exists"
Heat and drought during Septem-
Der caused downward revision in
the corn crop estimate, but large
stocks on farms were indicated. Nat
c. Murray. crop expert, estimated
the supply of old corn on farms
at 532000.000 bushels compared
with 252,00U,O 900 year ago.
At noon wheat was ss-1la up, De-
cember, 8l12; May, 815s, and corn
was A-l2 UP, December, 49as; May,
52as.
Evening star., 1939-10-04

Total s355. .O64 223.22
d. C. Postal Receipts Jump.
Postal receipts at the City Post
Office in September smashed all pre-
vious records for that month, it was
learned today from postal officials.
Receipts for the first nine months
of the present year are also far
ahead of the like 1888 period
Total receipts at the city post Of
flee in September amounted to $673,-
92765, in comparison with $668 ,494
in the corresponding month last
year, a gain of S5,433.65 or 0.8l per
cent.
September revenues in 1887 totaled
$565 ,724, and in 1886 amounted to
S547 $40 at the Washington Office.
The months were far above the
mark of 10 years ago, September rev.
enues in 1929 totaling S460,574.25.
Postal income in the first nine
months of this year in the Capital
reached the sum of S5,625 ,067 an
increased over the first three quar-
tiers in 1888 of S2S2,615, a very sub
stantial pickup.
AS a business barometer, the Sep
tember figures indicate marked prog
ress over August of the present year.
August revenues totaled only $3.50 $3.50
and we're slightly under August,
1888, when heavy sales of new stamp
issues produced an abnormally high
total for that time of year.
Receipts by Months.
Receipts at the city post office,
by months, in the first nine months
of 1889 compare as follows with the
corresponding months of 1888:
Evening star., 1939-10-04
u. S. Treasury Notes

NEW YORK. Oct 4 P,.-Prices quoted
in dollars and thirty-seconds.
Evening star., 1939-10-04

Cash Grain.
CHICAGO, Oct. 4 Rl.-Cash wheat No.
2 yellow. hard, S3l4.
Corn told). No. l yellow, 50-5Os.: No.
J. white, IS; sample grade. 47-49A; new.
No; yellow. 47l2-4a; sample grade 42-44.
Oats mixed grain Uhin), 2734; No. 1
white, 33a4; sample grade, white, 3134.
Soy beans, No. yellow, s3-s3A.
Barley, mailing. $3.50. nominal: feed.
ing. SO,
Timothy seed. 365-9O. nominal
Red clover seed, 12.50-15.00, nominal.
Red top, 8 5000
Alsike, 13.O0-16.OO. nominal.
Evening star., 1939-10-04

Slow down or NOW down.
Evening star., 1939-10-04

Approximate SoIes Of Stocks the NJ Y Stock Exchonoe
l1:0O AM 250O0O 1900 Noon $50 600
1900 PM $4,000 2:O0P pm roo 0oo
The Omaha guide., 1939-06-10

According to regular procedure,
the Hon. Mayor Dan. B. Butler at the
request of the Fontenelle Housing
Project, introduced resolution Tues
day morning, June 6, at open Council
meeting, for the additional Fontenelle
apartments to be built. When the
Mayor called for the opposing sides
argument, no one was present to ans
Wer and it looked Ike clean sweep
without any objections to the project.
Then the Mayor asked for the COM
mittee recommending the passing of
the resolution by the City Council.
Atty. Phillip M. Klutznick pres
ented in brief the aim,. objective and
reason why the City Council should
pass the resolution. Before he con-
cluded his remarks, he observed Mr..
Allwine and others who were on the
opposing side present. He requested
to be relieved of further remarks so
that the opposing side might present
their objections. Mr.. Allwine read
from manuscript, a number of items
and turned same over to the City
Clerk. MIR. Hurbanks then took the
floor and stated he was owner of 100
apartments, at one time which rented
for $4,000 per month and now for $50.
Mr.. Burbanks had many reasons and
talked at length on the subject. Many
others We're called upon by Mr.. ALL
wine to make an expression before the
City Council
From the tone of the arugment all
of them seemed to have been SMALL and
large property owners, who had many
tenants. After Mr. Allwine's opposing
side had talked at length, Mr.. Howell
was called upon by the Mayor for fur
ther statements in the interest of the
resolution. Mr.. Howell called on Mr..
Ed. "Bearcat" Wright. Mr.. Wright
made few hard hitting remarks.
The Omaha guide., 1939-06-10

Then Mr.. Howell called upon Atty.
Chas F.. Davis. Mr.. Davis was sent to
the City Council Chamber by the Elks
Lodge of which he is Exalted Ruler.
Mr.. Davis also represented the Font
enelle Tenants Association and The
Omaha Guide Publishing Co. Mr.
Davis dwelt at length fociably in the
interest of the Fontenelle apartment
addition.
Mr.. Davis was asked a pointed
question by Mr.. Korisko. would it
not be better if the Government would
loan the people of this district money
to improve their property and to build
new honest" In answer to this
question Mr. Davis replied, Eyes, it
would be better, but the local financial
institutions would not loan on real es-
tate in this vicinity even though the
Government insured the loan up to 90
percent of the amount of the loan.
Mr. Allwine, who was leading the
opposing side, asked Mr.. Davis if it
was true, he was employed in the Reg
lister of Deeds office and if it was true
that he was a tenant in the present
Fontenelle apartments. Mr.. Davis in
answer to this question replied, eyes,
| am employed in the Register of Deeds
office, and tenant in the Fonetnelle
Apis, because | want the same accom-
modations for my family as does other
respectable citizens, and l will rent an
apartment from you if you have one
that | can rent" Mr.. Allwine's answer
to that remark was that he had no a.
partment that he could rent to Mr.
Davis at this point. Even though there
were not half dozen Negroes present
the applause to Mr. Davis reply was
very distinctive, and when Mr.. Davis
closed his argument he received the
longest and most applause of any
speaker of the morning.
The Omaha guide., 1939-06-10
DR.. LENNOx OPPOSES AID.
OPTIONAL FOnTENELLE
APARTMENTS

DR.. G. B. Lennox, prominent
physician in the city of Omaha,
was called upon by the opposing
side, Mr.. Allwine, to give the
Council his views as to why the
additional Fontenelle apartments
should not be built. DR.. Lennox
stated it would increase the bur
den of taxes upon property own
ers to such an extent that it would
be unbearable.
DR.. Lennox stated it would be
impossible for city officials and
county employees to continue to
receive their pay checks if pro-
jects of this kind were permitted
to continue to be built and that
he was whole heartedly opposed
to any additional For1tenelle
apartments being built in North
Omaha. In closing he said, Il hope
the Council will refuse to endorse
this resolution"
The Omaha guide., 1939-06-10
COUNCIL DEFERRED FURTH-
Err CONSIDERATION OF FON-
TEkELLE PROPOSED
RESOLUTION :

City Council on Tuesday Morn
ing June 9th, after listening to
many arguments for and against
the resolution by Mayor Dan B.
Butler for the additional Fonten-
ellie apartments deferred action on
the same until Tuesday morning
June 13, when the matter viii be
open for additional discussions.
The Mayor invites all interest
ed parties, both for and against,
to be present at Q a. m. Tuesday,
June 13. The Mayor states all who
wish to be heard in this matter
would be given an opportunity as
the council wanted all informa-
ton obtainable on these additional
apartments.
The Omaha guide., 1939-06-10
EFFECTIVE MONDAY JUNE
5, 1899

Lincoln, Neb., June 5--lmpor-
tant changes in Nebraska's un-
employment compensation law be-
came effective Monday, June 8,
when Governor r. l.. Cochran
signed Legislative Bill No. 447,
which included amendments to
this state law.
One of the important features
of the bill provides for transfer
to the Railroad Retirement Board
of funds collected by this state
agency from railroads operating
in Nebraska for payroll contri-
buttons. After July 1 all railroad
workers who become unemployed
will file their claims for benefits
directly with the Railroad Retire
ment Board.
Certain stringent disqualifying
amendments have been added to
the law for workers who leave
their jobs voluntarily ca who are
discharged for serious misconduct
in connection viii their work.
Women who quit their jobs to
marry will also be disqualified.
To be eligible for benefits
workers must have earned at least
thirty times their benefit amount
in work for an employer subject
to the law. This is equivalent to
fifteen weeks of full time work in
the first nine of the twelve months
preceding filing of their claim.
Benefit amounts remain at one
half the former full time weekly
wage with the maximum benefit
of fifteen dollars. The minimum
under the amended law is five
dollars. Benefits will be paid IN
even dollars, with no odd cents
as previously. The new law also
provides for benefits to workers
in partial employment.
Certain new provisions affect
employers, especially one amend
ment providing for collection of
delinquent accounts which permits
| the use af aliens. Another amend
ment permits the Commissioner of
Labor to levy pooled fun contri-
button of one quarter of one per
cent. deducted from the regular
employer contribution, whenever,
the pooled fund falls below $780,
600 in a quarter.
Copies of the L. B. 447, which
include all new amendments, are
being printed and will be sent out
by the Unemployment Compen-
sation division upon request.
The Omaha guide., 1939-06-10

student. She graduated at the age
of 15 years from South High with
tho highest honors and is continu-
ing her scholastic triumphs at the
University of Nebrasa, where she
has just completed her sophomore
year. She looked beautiful in her
coronation gown, gorgeous crea-
ton of white embroidered net,
made with tight bodice, a full
skirt and a sweeping train. With
it she wore white kid gloves and
carried a shower bouquet of white
roses and snap dragons.
KING of Ak-Sar- Attends
An honored guest of the evening
was the monarch of a neighboring
realm, Ak-Sar-Ben's King, w. O..
Swanson, who attended with Mrs.
Swanson. picture below.
Pageant Open
J. Westbrook Mcpherson acted
CONTINUED on page 81
The Omaha guide., 1939-06-10
CORONATION PAGEANT A
GRAND AFFAIR
AK-sAR-BEN KING ATTENDS
DR. CLARENCE H. SINGLETON
CROWNED KING; MISS ETHEL
DAVIS, QUEEN

In a rich and colorful setting,
King Borealis TX and Queen Au-
rora TX were crowned with pomp
and majestfcally in a beautiful
ceremony at Dreamland ballroom,
Monday evening, June 5th.
DR.. Clarence Harrison Singleton
Dentist with offices at oath and
Lake streets was crowned King.
d. Singleton who was the first
native born Omahan to receive
the crown is the son of Mr.. and
Mrs. M. F. Singleton highly res
pected pioneer citizens of this
community who have con- ributed
much to its civic, social and reli-
gicus life, during their long resi-
dence here.
DIR. Singleton was born, reared
and educated in our midst. He
was graduated from Central High
school in 1907 and from the
Creighton University school of
Dentistry in 1911. He established
his business Immediately and has
built up a large and prosperous
practice.
His daughter, Mrs. Ernestine
Postels of Detroit, Mich, was an
interesting guest at the corona
ton. She has been visiting her
parents at this time, before she
sails in July for Amsterdam, Hol-
land to represent the Episcopal
church in the Worlds Youth Con-
ference of Christian Workers.
The sweet and charming Miss
Ethel Davis, who was chosen
Queen Aurora has the distinction
of being the first Queen from the
south side. AT Is she is the young
est ever to wear the crown. She
is the daughter of Mr.. and Mrs.
w. E. Davis of 5403 South oath
street and she is also the grand
daughter Of Mr.. and Mrs. Eugene
McGill, prominent and we'll known
citizens of the south side.
The new Queen is a brilliant
The Omaha guide., 1939-06-10
ELEVEN MILLION NOW
UNEMPLOYED
Leaders Say Greater Efficiency
Will Help Negroes Get Jobs

Chicago, June 8 (ANP)-H Ne
groes will obtain greater efficiency
and skill in their individual lines
of work, they will fare better in
getting jobs in private industry, a
symposium of opinion obtained by
she Associated Negro Press from
college presidents and other racial
leaders discloses
Most of these leaders at the
same time urged the use of mass
pressure and the ballot to obtain
rights and privileges now denied.
Still others pointed to evidences
of rank discrimination against Me-
groes in the administration of di-
rect relief and WPA jobs in their
home communities
According to present statistics,
there are currently 100000 un-
employed in the nation, most of
them on relief rolls. Surveys dis
close that when private industry
takes workers from WPA and
agency rolls, those removed are
generally white and Negroes re
main. Leaders were asked how
this condition might be improved.
81 have three suggestions" said
President S. M. Laing of Knoxville
college. "There should be nat
ional campaign of education on
democracy, what it is and isn't.
Negroes should obtain better pre-
paration and give better service in
order to make their services indis-
pensable, and there should be more
federal control, both of relief and
unemployment. believe Negroes
will fare better in the hands of
Continued on page p
The Omaha guide., 1939-06-10

Treasurer. Mr.. Nolan Anderson,
who mas held the office of Esquire
was sick in bed and it was stated
that he expected to change his
residence as soon as he is able to
travel, and Mr.. Robert johnson
was elected Esquire, the office
which Mr.. Anderson formerly
held. Mr.. Phillip Barge was re-
elected Inner Guard. Mr.. H. J.
johnson was reelected Tyler. DR.,
Price Terrell was reelected secre-
tary. The only changes in the new
set-up were Mr.. Carl Brown tc
take the place of Mr.. Redricb
Brown and Mr.. Robert johnson
to take the place of Mr. Nolar
Anderson.