davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-05-18
Stock Averages
BY VICTOR EUBANK.
Associated Press Financial Writer.


NEW YORK, May ia minor
advance in stocks was damned BY
moderate selling today. turning the
trend into uneven channels.
Forenoon dealings saw leaders
rise from fractions to points in
slow transactions. Late in the
fourth hour, however, brokers re-
celved selling instructions. appar-
emily from traders who were COL
lecting profits of the earlier advance.
But activities were never very in
tense and the sessions transfers ap-
proXlmated only about 100000
shares.
Steel shares were the first to feel
the effects of the late selling. United
States Steel preferred sold at a new
1899 low as the common clung to
Slight advance. Later, however. the
common slipped. Bethlehem and
youngstown followed Big Steel's"
lead for fractional losses.
Observers said they believed the
selling was based, at least in part,
on the knowledge that automobile
manufacturers last week bought
much of their steel supplies for
thlrd-quarter fabrication at lower
than the official prices. Thus. thev
said, was removed much of the hone
that the early production of 1870
models would serve to bolster steel
operations.
Accompanying the steels to lower
ground were United States Rubber.
Philip Morris. United States Gvn-
sum. Standard Oil of New JERSEY.
Union Carbide and Du Pont. Re-
slstant were American Telephone,
Sears Roebuck, International Har-
vester. Caterpillar Tractor and East
man Kodak.
The Curb, following the lead of
the big board, saw slight declines
Tor Jones & Laughlin Steel, Bunker
Hill & Sullivan, Electric Bond s
snare, Pennsylvania Water e. Pow
er and Standard Steel Spring.
Evening star., 1939-05-18
|. T.. T.. Plans Drastic
Cut in Railroads
Fixed Charges
70 Per Cent Reduction
Provided in Program
For Carriers
Stock and
i NJ
BY the Associated Press.

by tne Associated PEeSS.
The Interstate Commerce Com
mission reported today that its re-
organization plans for II railroads
and proposed reorganization plans
for seven others called for a 10
per cent reduction in fixed charges
of these carriers.
The commissions summary showed
a reduction in aggregate capitaliza-
ton of $500, 0,592,516-from s2,O49,-
105049 down to 512,533-and
a reduction in debts of Sl033, $780,
372-from S1,786,6 ,63O,178 to s752, 49,
85l. Fixed charges were reduced
from s60,580,328 to S18,l68l59, an
annual reduction of S42,412.169.
The report showed the commits
sion had adopted final plans of re-
organization for the following II
railroads:
Akron, Canton q Youngstown;
Chicago & Eastern Illinois, Chicago
Great Western; Chicago, South
Shore & South Bend; Copper
Range; Kansas City, Kaw Valley &
western; Louisiana g. Northwest,
Reader: Savannah g. Atlanta: Spo-
kane International, and Western Pa
cific.
Examiners proposed reports have
been issued for the following rail-
roads:
Alabama, Tennessee & Northern;
Chicago, indianapolis g. Louisville;
Chicago. Milwaukee, st. Paul & Pa
ciflc, Denver & Rio Grande, West
ern: Missouri Pacific; Oregon Pa
ciflc & Eastern; st. Louis South
western.
Evening star., 1939-05-18
Gulf Oil Corp. Negotiates
. For Pure Oil Stations
BY the Associated Press.

BY the Associated Press.
PITTSBURGH. May 1S.-The
Gulf Oil Corp. disclosed today it
was negotiating for the purchase of
IS retail and wholesale gasoline sta
tions from the Pure Oil Co. and the
acquisition of approximately 100
leases.
A spokesman said the deal, to be
completed today, included the pur-
chase Of approximately 10 wholesale
outlets and Is retail stations in the
Mohawk Valley of New York and
in New Jersey.
The leased stations, he said. were
located principally in New York,
New Jersey, Connecticut and Massa-
chusetts.
The stations will be brought under
the Gulf management and included
in the chain of Gulf stations. The
amount involved in the purchase
and lease transfers was not dis
closed.
Evening star., 1939-05-18
Chicago Market Faces
Possible Squeeze
In May Wheat
c. E. A. Orders Records
Of All Contracts
For This Month
By the Associated Press.

CHICAGO. May 16.-Board of
Trade and Government officials
were confronted with what some de-
scrlbed as a possible squeeze situ-
alton yesterday in connection with
rapid and wide price fluctuations
IN May wheat contracts.
The Board of Trades Business
Conduct Committee has been study
ing the situation for several davs
ana the commodity Exchange Ad-
ministration has entered the inves-
| tlgatlon with an order to grain firms
to report all operations in May con-
tracts
Trading in May wheat will end
| Monday. but before the market
opened yesterday contracts involv-
ing more than 100000 bushels of
wheat remained to be settled. These
contracts may be satisfied either by
operations in the pit the next four
sessions or by delivery of actual
grain before the end of the month.
May wheat rose as much as 25s
cents from an early low at one time
yesterday. but later reacted and
closed at 777s to 78 cents. or = to
l cent higher than Tuesday. Last
week the price was as high as 8Ol,
cents, best of the season.
Grain men said the amount of
contract grade wheat available in
Chicago was smaller than the total
| outstanding contracts and that
| actual wheat was quoted several
cents per bushel in some cases higher
than the price of May contracts
Premiums for actual grain also were
oelng quoted in other markets from
which wheat might be shipped to
Chicago, they said.
The Board of Trade has ordered
Its members to cease buying or
selling warehouse receipts for future
delivery, which may have a possible
bearing on the May wheat situation
Traders recalled the now-famous
squeeze which developed in the
corn pit in September, 1887. AS a
result of that episode the Board of
Trade and Cargill, Inc, Minneapolis
grain merchandising concern, en-
gagged in legal controversy which is
still in progress. Cargill interests
were expelled from the exchange
here.
Evening star., 1939-05-18
Curb Exchange Reforms
Weighed at PorIey
By the Associated Press

6y tne Associated Press.
George P. Rea, president of the
New York Curb Exchange, conferred
yesterday with Ganson Purcell, di-
rector OF the Securities Commission
Trading and Exchange Division, on
reorganHing the exchange.
Subjects discussed at the meet
ing included: Rules governing re-
quirements of member firms doing
public business, Improvements in the
character of securities admitted to
dealings, questions relating to diff
ferentials on odd-lot trading and
problems relating to floor trading.
Evening star., 1939-05-18
Chicago Grain
By the Associated Press.

B! the Associated Press.
CHICAGO, May 18-The wheat
market registered gains of as much
as a cent bushel or more today
as a result of buying based on un-
favorable crop reports from both
winter and spring wheat belts.
Buyers observed caution. however.
IN view OF overnight rains in some
districts OF the Southwest. which
caused early price declines, but the
forecast indicated weather over
much of the grain belt will be fair
and warmer.
Wheat closed as-114 cents higher
than yesterday: July, 741s-14: Sep
tember, 74-737s; corn unchanged to
4 up; July, Sis 81; September,
Sis; oats, 14-7s higher.
Evening star., 1939-05-18
New York SUGAR

NEW YORK. May 1S LP,.-World sugar
futures business centered in the Septem-
Der delivery today which producing in
terests sold and New York trade houses
bought, Mid-afternoon prices were ia
points lower to "a higher July sold at
higher at 1.1SR
Domestic futures were l lower to |
higher. Commission house interests sold
with reflners small buyers. May traded
at 81 up /, while July was off i at 99.
Raw Cuban sugars we're reported at 30
eents nominal and duty frees were offered
at 2.93. Refined held at 4.45 to $50
cents.
Evening star., 1939-05-18
Ethyl Alcohol Output
Up Sharply in April
BY the Associated Press.

BY the Associated Press.
The Treasury reports April pro-
duction of ethyl alcohol, largely for
commercial or scientific purposes,
reached 17,85S,504 proof gallons,
compared with 12,816,786 in the
same month last year.
Production from July /, 1888, to
April 80, 1899, totaled 165,525 $50
gallons, compared with l70,385 1893
in the similar portion OF the pre-
vious fiscal year.
Evening star., 1939-05-18
Food Products Volumes
Slightly Above 1893

By the Associated Press.
Leading food product manufac-
turers report to the Commerce De-
partment their sales in the first
quarter of this year were per cent
more than in the similar period last
year. Manufacturers stocks at the
end of March, meanwhile, were es-
timated at per cent below the same
date last year.
Evening star., 1939-05-18
Atlantic CoostIine
Issue Is Approved
BY the Associated Press

by tnt Associated Press.
The Interstate Commerce Com
mission authorized the Atlantic
Coastline Railroad today to issue
Sl,3l4,OOO Of general unified mort
gage 5o-year AZ per cent bonds.
The issue will reimburse the COM
panys treasury for Expenditures
made in retiring an equal amount
OF first mortgage per cent bonds
Of the Norfolk e. Carolina Railroad
a predecessor company.
Evening star., 1939-05-18
New York Cotton
BY the Associated Press.

NEW YORK, May 18-Cotton fu-
lures moved over an irregular range
today. Near months gained on short
coverings and trade price fixing for
mill accounts. Selling in the more
distant deliveries met only moderate
support from foreign sources.
Late afternoon prices were 4
points higher to 2 lower. July trad
ed at 8.72, up 4. May was of 2,
at 759
Evening star., 1939-05-18
Stock and
NIL


sUnt Of shares
r1n bankruptcy
Bankruptcy Act securities by companies
Rates OF dividend in the annual dsb..
nnts oaseo on the last quarterly
Unless otherwise extra dividends are no
xd TX oiVldeno x Ex rights extra or extras Paid
las year Payable or mi.
year cash or stock Accumulated dividends paid or de-
Evening star., 1939-05-18
London Bur Silver

LONDON May 1s LP.-Bar gold t4ss,
Sd. up u penny Equivalent S34 76D Bar
silver, 20Isd, off is. Equivalent 1927
Evening star., 1939-05-18

CHICAGO Cash Market
Cash wheat. No. / hard SO9.; No 3
red. 81 sample grade red, Il; No ,
n0TfhheTn noTfheTn sD11Gg SpTins 79la sample grade
Corn No l mixed. 5794; No. ! yellow,
5@l2-i3: No. l white. 5Si4-l2 Oats No,
white, 33i2-34i4; sample grade white
Barley. Illinois mating 5O-55 nominal:
feed 35-45 nominal
Soy beans No , yellow 9sia No 3.
96i2-97: timothy seed 2s5-3l5 nominal
red clover seed. 13.50-1 100 nominal: red
top. 9.25-15 nominal
Winnipeg Prices
WINNIPEG, May IS LP,.-Grain range
today.
~ High. Low. Close di6ss: RGss:
May 64ss 63ss 643. 621.
July - 65Ss 64ss R5I, S5
Oct - .66's .65aa 66ss SO
MAY Wn..t NJ i3GM,s 3Ms,tso 30 e:3o'a .aol.
Sl7s No 3, 577s; oats, No. = white, 30as
No. 3. 2S7s.
Baltimore Quotations
BALTIMORE, May Is tP,-Wheat No.
red winter. sarlicky, spot domestic, 90.
Evening star., 1939-05-18

SPOT nominal: middling. e79.
n Nominal
COttonseed Oil.
Bleachable cottonseed oil futures closed
1-3 higher. Sales. "a contracts. July,
6.61; September 8. 7Sb; October Ssh;
December, 6.sS. Bid.
New Orleans Prices.
NEW ORLEANS, May Is QP,-Lack Of
incentives caused narrow fluctuations in
cotton here today and at midsession prices
points higher m 1 poipt iowar
Evening star., 1939-05-18
Exchange Trading Active.

Capital Transit stock was strong
on the Washington Exchange today,
100 shares changing hands at Is.
Mergenthaler Linotype appeared on
the board again, two sales being
made at 1884, unchanged.
Twenty shares of Potomac Electric
Power 5l2 per cent preferred moved
at 113 and Is shares of per cent
preferred at 11412. Washington
Railway g. Electric preferred regis
tered l13
In the bond division Capital Trac-
ton IS were strong again, $4,000
transfer being recorded at SO.
Evening star., 1939-05-18

Baltimore Quotations
BALTIMORE, May Is tP,-Wheat No.
2 red winter. garlicky, spot domestic, 90,
Evening star., 1939-05-18
Winnipeg Prices.

WINNIPEG PriceS.
today:
Evening star., 1939-05-18

SPOT nominal; middling, 9.79.
n Nominal.
Henderson daily dispatch., 1939-08-08
July Relief
Costs Given
In Report
Emergency Item $254
And disqualification
$419; Is in County
Home and 13 i'm Sana-
torium; Social Secur-
ity Items Paid.

July relief costs as reported to the
Vance Board of County Commission
ers Monday by Miss Clara Mae Ellis,
welfare superintendent of the cOun-
ty, amounted to $25417 for emer-
gency items and $41972 for hOspi-
talization. The emergency item in
cluded milk, rent, medicines, gro
cerieS, fuel and clothing
Aid to the blind was $42.03, old
age assistance $55895, and aid to
dependent children $331.37.
During the month, AT families
were furnished commodity clothing,
and 60 received aid during the
month. At the end of the month As
were receiving aid. Ten were furn-
ished hospital care and ten appli-
cants were not helped. At the end
of the month there were Is inmates
of the county home and 13 patients
ih the Scott Parker sanatorium. I'm
der the heading of "Serviced but
received no financial aid'' were IS.
At the end of the month, 244
were in the old age assistance roll
with 220 receiving aid to dependent
children, or Al children in excess of
the quota. Eleven blind were given
assistance.
Juvenile cases handled in July
were %, with eight juveniles on pro-
baton and seven on parole, with
eleven State PAROLES, and six adop-
tions pending.
Eight child labor certificates were
issued and SO visits and investiga-
tions were made. The staff of the
welfare office travelled 1,462 miles,
with ten visits out of the county in
the discharge of duties of the office,
the report showed.
Henderson daily dispatch., 1939-08-08

A budget for 1939-4O was tenta-
lively adopted by the Vance Board
of County Commissioners late Mon
day afternoon shortly before the
monthly session Of the board was ad-
iourned. and called for expenditure
of S151 .45O by the county for its gen
eral activities and $109, 9,526.76 for the
schools, or a total of $3.50, ,976.76. Fix
ing of the tax rate was deferred. The
1883 rate was 80 cents.
The general county budget figure
included S19,115 as reserve for un-
collected taxes, deduction of which
left a budget of $132,335 as actual
expenditures. Outside sources of III
come were counted on to raise S59,-
$50. with S59,500 to be raised by a
tax levy of 35 cents, leaving $32,-
900 to be raised from miscellaneous
income.
Under the heading Of school costs,
the school budget included $34,156.-
al to be raised by tax levy Of 8
cents; S8.45369 1or capital outlay,
with a rate of cents, and 33 cents
for debt service item of S66,91O.66,
the aggregate being S109, ,520.76. The
tax levy for schools would be 45
Henderson daily dispatch., 1939-08-08
$151,45O County Budget,
$1O9.52O.76 On Schools
Are Tentatively Adopted
Fixing of Tax Rate Delayed by Commissioners,
But Expected To Remain AT Or Near Old 50
Cents Levy.

cents, which is the same as last year
when the school budget reached q
i total of $11O,75O.81, it was stated al
| the office of the county Superinten-
dent.
The county general fund item in
cluded $45,87250 as the budget, with
$7,627.50 added as a reserve for un-
| collected taxes, or a total of S53,5OO
Privilege licenses were estimated to
raise $4,000; delinquent taxes, $4,-
1886, and penalties $4,000. A bank
balance of $17,041.04 was added for
total of $4,000, leaving $25 500 tc
be raised by tax levy at Is cents.
The poor fund was allotted $4O,-
235, with a reserve of ST, ,165 for I'm
collected taxes making total Of $47,-
400. This fund had a bank balance
of $4,06138 as Of June 80. Income
from the State was set at $1,000,
with $3,13862 added for delinquent
tax collections, or a total of $4,000,
which left $20,40O to be raised by a
tax levy of II cents. This made a
total of $29,400, which, plus $4,000
from miscellaneous sources, would
provide the total of SAT 400.
The salary fund budget contains
$4,000, to be raised by $1,500 fees
from the sheriff; $4,000 from regis
ter of deeds fees; $4,000 from clerk
Of superior court fees; $4,522.02 COM
missions on taxes, and $2,577.98 as a
bank balance as of June 80, 1889.
The total health fund budget is
SIT, ,494.56, with an added $2,475 as
uncoliected tax reserve, for total
of $500. A bank balance Of $86O.31,
delinquent tax items of $739.69, and
S10,2U0 to be raised by six cents
tax levy, add up to $11, 300, leaving
$1,000 to be raised from miscel-
ianeous income.
The debt service budget carries an
tenn of S10,325, but allows for 81 1925
as reserve. for uncollected taxes, a
total of $12,150 This fund had a bank
Jalance of $1,34267 as of June 3O
nd delinquent taxes of $407.33 were
figured in for a total of S1,750. A
,Wo-cent tax levy would yield S3,400,
making a total of $3.50, and leav-
.ng $1,000 to be derived from mis-
cellaneous income to make the total
IF $12,150.
All of these items are countrywide
nature. But residents of Towns
yille township will have an added
tenn due to railroad bonds outstand-
ng. That budget calls for $4,325,
With 1884 reserved for uncollected
axes for total of $4,859 All of this
must be grouped in special tax
levy Of 81 for Townsville township
over and above the countrywide levy.
Debt service expenditures under
the county budget, not including
schools, call for $4,000 on bond prin-
cipal and $7,295 interest, with $50
as bank service charges.
The biggest item in the county
general fund budget is $13,25O for
superior court charges, with S4,7OO
included as county aid, and $4,O4O
for agriculture and home economics
charges. The tax collection office is
allotted $5,375, with $1,75O for the
county commissioners, and $4,000 for
listing and assessing property, and
S1,25O for elections and primaries.
Henderson daily dispatch., 1939-08-08
State Bird Clubs
Are to Take Tour
Pea Island Refuge

DR.. C. H. Bostian, chairman of
the committee. on field trips, N. c.
Bird club, has announced arrange
ments for a field trip to the Pea
Island migratory waterfowl refuge
on August II. The trip will be led
by DR.. Bostian, DR.. c. S. Brimley,
and DR.. John Grey, editor of The
Chat.
In addition to the resident birds,
many kinds of migrants in large
numbers will be observed. H. H.
Brimley, of the State museum, says
that a real treat awaits those who
have never been to the Pea Island
refuge before. The party will leave
Hotel Fort Raleigh, in Manteo, Aug
ust II at a. m. and Whale Bone
Filling Station, about two miles
South of Nag's Head at 7:15 o'clock
for Pea Island.
S. A. Walker, Of Manteo, VINO is
in charge of the refuge, will make
reservations at Manteo for those
who wish this service. Information
concerning rates may be had by
contracting Ray Goodrich, Jr. or Miss
Garnett Myers.
Friends of the State Bird clup
members are cordially invited to
join the party. There will be an
opportunity to see and hear the
performance of "The Lost Colony.
Henderson daily dispatch., 1939-08-08
City And County Will
Negotiate Over Use OF
Fire Truck, Prison Lot
City Wants Convict Camp for Street Denar.
ment; Limited Fire Protection Service Pro.
posed; No Action on Child Fund.

Two proposals for city-county
deals were discussed by the Vance
Board of County Commissioners at
their meeting for August held Mon-
day, but no action was taken on eth
er.
Mayor Henry T. Powell appeared
before the board and discussed a
project whereby the city would un-
dertake to give fire protection to
outlying districts in return for GER
tain considerations from the county,
either in cash payments or other
wise. Inability of the city to reach
the far corners of the county ap-
peared, however, to be some sort Of
an obstacle ,and no conclusion was
reached.
Another item of cooperation con-
cerned the lease by the county to the
city of the property soon to be dis
carded by the State Highway and
Public Works Commission convict
camp on the eastern outskirts of the
city. What the proposition was did
not shape up definitely, and COM
mittee of the commissioners, includ-
ing E. L. Fleming and Henry Hight,
Henderson daily dispatch., 1939-08-08
CAN YOU ANSWER
THESE QUESTIONS?
See Page FOaM

l. Which English King was sur
named Coeur de Lion?
2. What is the difference in time
between Chicago and San Francisco?
3. Does the Kiel canal connect the
Mediterranean and Red Sea, the
North Sea and the Baltic, Or the
Atlantic and the Pacific Oceans?
A. From which country did the U.
). ootain the land included n the
,o-lieiona Purchase?
5. On which finger should class
rings be worn?
6. Who won the 1899 national p,
C. A. golf title, recently played al
thePomonok Country Club?
7. What is an arboretum?
8. For what labor organization dc
the initials I. e. A. stand?
9. What is the correct pronuncia-
ion Of the word despicaple?
10. On wnicn continents are rhino-
'crCses Indigenous?
Henderson daily dispatch., 1939-08-08
THREE DEFENDANTS
BEFORE RECORDER

Three defendants faced Recorder
r. E. Clements in county court to-
day
B. p Harrell, of Charlotte, was
ound guilty Of giving a worthless
check to John NJ Mitchell, and pray
er for judgment was continued up
IN payment of the costs and making
the S11 check good.
Edward Capps, 16, was guilty o1
larceny, and prayer for judgment
was continued upon the defendants
coing to the home of Carl Greene
n Granville county, until further
court orders. The costs were stricken
)ut
Joseph Baker, II, was guilty O.
possessing stolen goods knowing
them to be stolen. Prayer for judg-
ment was continued upon the de-
PENDANTS going to the home of D. M
1lover in Watkins township, and re-
naming there until further court or
ters. The costs were stricken out.
Henderson daily dispatch., 1939-08-08
Band To Go
To Smithfield
On Wednesday

The Henderson high school band
will go to Smithfield tomorrow to
appear in the parade and in concert
in the afternoon at the celebration
of Johnston county Farmers Day
Preparations for the trip had been
made today, and the group will leave
from in front of the Vance theatre
building tomorrow morning at
o'clock.
The program for the day includes
an address by Governor Clyde R
Hoey, and in the afternoon the band
will give a concert. What other fea-
lures were on the program were not
learned.
This will be the second trip of the
band since it went to the Worlds
Fair in New York in June, having
paraded in the Wilson tobacco fes-
tival celebration last month.
Henderson daily dispatch., 1939-08-08

was named to negotiate u.in, j.,
city authorities and report bacl. Ole t
the board. 10
S. j. Lane appeared before tbo
board and requested a s. 5oo m ule
preparation for the work Of Tp tpo
Federation for Child Welfare bw. ~1
this was not Immediately voted "'
F. M. Dorsey, county tax cojloc,on
reported receipts for July of S3579
33, including $6467O in licenses a~d and
fees.
Free peddlers' licenses were grant
ed for w. j. and L. r. Smith. and ono
or two rebates on tax claims were
allowed.
Henderson daily dispatch., 1939-08-08
WITNESS is TAXED
WITH COURT COSTS

James Gregory, Negro, charged by
William Taylor with cursing and
abusing him, was found not guilty
in city court today before Mayor
Henry T. Powell, who held the
charge frivolous and malicious, and
the prosecuting witness was taxed
with the costs.
William Hallow entered a plea OF
guilty to being drunk, and was given
30 days on the roads,
Henderson daily dispatch., 1939-08-08
Early Stock
Gains Shaved

New York, Aug. 8.-(AP)-An un-
convincing early rally failed to fol-
low through in today's stock mar
ket, and initial gains running to g
point or SO were chopped down to in
consequential fractions in many cases
or changed to declines at the close
Dealings were r moderately lively
in the first few minutes, but from
then on the ticker tape moved only
spasmodically Transfers approximate
ed 100000 shares.
Henderson daily dispatch., 1939-08-08
Cotton Feels
Sharp Decline

New York, Aug 8.-(AP)-Cot-
ton futures opened unchanged to
three higher on buying by the trade
Liverpool and some short covering,
At the end of the first hour, prices
we're up three to six points.
Futures rallied five to nine points
when the market reopened after the
first government crop estimate.
Shortly after midday, the list rang
ed five points higher to three lower.
Futures closed 13 to II points low
er. Middling spot, 9.47.