davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-01-20
Smaller Oil Supply
Needed in February,
Bureau Reports
Estimate Down $4,000
Barrels Daily From
January Level
BY the Associated Press.

BY the Associated Press.
The Bureau of Mines estimated
today daily average supply of
1920, 900 barrels would be needed to
meet the February market demand
for crude oil.
This was $4,000 barrels less than
the January estimate and per cent
less than the actual demand for
domestic crude in February, 1893.
Daily average crude oil production
and runs to stills during the four
weeks, December 3 to December 81,
were 3,306,300 and 3l56,200 barrels.
During this period, the bureau said,
total crude stocks increased 1892 900
| barrels.
The bureau estimated the Febru-
ary domestic motor fuel demand at
33, 400, 900 barrels, an increase of
5 per cent over the 1888 demand. 1t
based the estimated increase on
prospective improvement in busi-
ness conditions and an upward
trend of motor fuel demand per
vehicle.
Stocks of finished and unfinished
gasoline appropriated 72,4OO,00O
barrels as of December 81 and the
bureau forecast a February increase
OF 4,5OO, 900 barrels in finished gaso-
line. The forecast placed February
gasoline production at 200 900 bar
rels; crude runs to stills at IS ,36O 900
barrels, or 3,o4S,60O daily; export de-
mand at 100000 barrels, and the
total February demand for domestic
crude at 9o,l60,0o0 barrels, or g.
100000 daily.
Evening star., 1939-01-20
Cotton Mill ACTIVITY
Declines Slightly
In December
Drops Below November
Level, but Remains
Far Above 1887
BY the Associated Press.

by tne ASSOClalcQ PIeSS.
The Census Bureau reported to-
day the cotton spinning industry
operated during December at 1928
per cent Of capacity on an 8O-hour,
two-shift basis, compared with 1876
per cent during November and
58.3 per cent during December, 1887.
Spinning spindles in place Decem-
Der 81 totaled 25,986 $40, of which
% ,444, 1874 were active at some time
during the month, compared with
26,048,734 and 22,449,280 for No
vember and 26704,476 and 22,328, ,472
for December, 1887.
Active spindle hours for December
totaled 7186,647 900, or an average
Of 277 hours per spindle in place
compared with 1878 ,193,O64 and 29l
for November and 5.72602O,195 and
2l4 for December, 1887.
Spinning spindles in place in
cluded: Cotton-growing States, 49,
66O.118, of which 1902 300 were
active, compared with 1881 ,9O2 and
l7,026,19 for November and 18, ,798,-
800 and 17,280,343 for December,
1887; and New England States,
6,526,762 and 4,78O,766, compared
with 6,555040 and 4,797 100 for
November, and 1902 ,9O2 and 4,437, ,658
for December, 1887.
Active spindle hours included:
Cotton-growing States, 5,592 ,595 ,628,
or an average of 300, compared with
6023 ,327,937 and 322 for November,
and 4,646 ,5O7 1892 and 247 for Decem-
ber, 1887; New England States,
,450 1891 ,101, or an average of 222,
compared with ,407 1898 and 2l5
for November, and 976,2l6,092 and
1873 for December, 1887.
Active spindle hours and the aver
age per spindle in place for Decem-
ber, by states, follow:
Alabama. 549,831,216 and 24e;
Connecticut. O6,739,144 and 1874;
Georgia. 1041 .569,69l and 322;
Maine, 1879 ,76O 956 and 2sO; Massa-
chusetts, 6944. O90 and 211; Mis-
sissippi, 48,927,351 and PAS; New
Hampshire, 118,497 1927 and 219.
New York, 64,556,608 and 1872;
North Carolina, 1885 5.918533 and
273; Rhode Island, 232 ,282 808 and
238; South Carolina. 1.86O,S52, ,791
and 327; Tennessee. 183,852,23O ano
3l2; Texas. 1924, 1877 and 289; Vir-
ginia, 159,848, ,496 and 249; all othe,
states, 143,77l,651 and 1876.
Evening star., 1939-01-20
Government Issues
May Be Shifted 10
Private Investors
End Of Tax Exemption
Likely to Boost Value
Of Securities
Nv the Associated Press.

BY the Associated fTeSs.
NEW YORK, Jan. 20.-The pres
ent huge total of outstanding Gov
ernment, State and municipal tax
exempt securities may eventually be
shifted from institutional to private
hands if President Roosevelt's re-
quest that future issues pe taxed is
carried through, bond men saio
today.
The bulk of the approximately
$40 900 900, 900 in Government bonds
and the additional $4,000, 600, ,00O
odd in State and municipal issues
is in the hands of banks, life insur-
ance companies, charitable institu-
tions, religious societies, fraternal
orders and the like. To many OF
these, it was pointed out, the tax
exempt feature of the outstanding
loans is of little benefit, and they
would be in position to sell their
holdings, probably at a premium
provided they could substitute other
securities in their portfolios.
Huge Demand Seen.
On the other hand, private indi-
viduals Of means, large estates and
trusts, would gain from the tax
exemption offered, and would be
likely to offer bonus to get hold
of the now outstanding bonds.
1t was recalled that something of
this process took place in Canada
where, during the war years, several
tax exempt government flotations
were made. Since 1919, however, all
issues there have been subject to
taxation and the favored bonds COM
manded premiums for some years
until they ran out.
The premium, as maturity ap-
preached, was quite sharp in some
instances because the supply grew
smaller and smaller with the years
Observers felt removal of tax ex-
emption from future issues would
have little effect on money rates
although public borrowers nigh,
have to pay little higher interest
on their bonds in the future.
The average yield today on the
highest grade of municipal bonds
is between 225 and 254 per cent
while the highest grade domestic
corporate loans pay the investor al
the rate of approximately 2.8O pei
cent
Yields to Remain Low.
Interest rates, bond men said
would be based on the status OF
the bond as an investment. With
excess reserves of members of the
Federal Reserve System approach.
ing s3.500,000 10000. the supply of in
vestment funds on hand is so higl,
and competition for top flight secur.
tiles so strong that yields are likely
to be kept at a low figure for years
to come.
In this connection, one big in.
vestment banking house pointed out
to its clients the other day thai
the highest grade corporate bond!
are at the top of 73-year bull mar.
ket, running back to Civil War days
when yield averaged better than
per cent.
AS prices went up, yields de-
creased. There was change ir
tendency from 1900 to 1920, ther
the advance was resumed on {
sharper scale. In 1928 and 1929
when money rates stiffened, price.
declined for a time Then came
the era of easy money and the
markets moved higher to their pres.
ent almost unprecedented levels.
Evening star., 1939-01-20
Chicago Livestock

CHICAGO Jan. 30 dPE-(United States
Department Of Agriculture. )--Hogs. IA 900:
active. on weights 2IO pounds down;
around 10 lower than Thursdays sn average: age:
good and choice 16O-22O pounds. 7.55-75;
2230726o 80 pounds 725-55; 270-325 pounds pounds,
sows. 6.25-6O: light weights up to $50:
Cattle. 500; calves. 500: shippers buy.
ing few loads good to choice steers and
yearlines at fully steady prices; otherwise
steer trade about steady: generally steady
ON she stock and bulls: vealers unchanged:
top choice ,1.o7s-pound yearlings. 1880;
IL ! ! saS-pound steers l2.25; bulk steers and
1000: sl2-pound averages, $50, most beef
COWS 6;00-75; low cutters and cutters,
4.50-5:15; practical top weighty sausage
bulls 7,25; odd head. 7.35: vealers. top
II 30; few selects. 1900.
Sheep. 10000; today's trade slow; indi-
cations, around % lower on fat lambs:
sheep steady to weak; good to choice lambs.
bid, S.75-S5; now asking 9.OO-91O and
above; three decks choice light-weieht
mixed fat and feeding ewes to yard traders.
ewes.
Evening star., 1939-01-20
Industrial Output
Expected TO Climb
IS 10 70 Per Cent
Official of STANDARD
Statistics Predicts
Upturn in 1889
Sltcial Dispatch to The Star.

Slteial Dispatch to The Star.
SPRINGFIELD, Mass, Jan. 90
There are numerous latent stimu-
lants in the business situat ton which,
barring a major war in Europe, are
expected to lay the basis for a re-
newed upswing of stable proportions
in the general volume of business in
1899, said Stanley N. Shaw, associate
editor, Standard Statistics Co., New
York. in an address to the Spring.
field Chapter, National Association
Of Cost Accountants.
Even if business throughout the
year averages no better than the
level of the last three months, the
speaker said, industrial production
for 1899 will be fully IS to 20 per cent
better than in 1888. Extensive sur
veys of all the factors in the business
situation have led the Standard
Statistics Co. to conclude that there
will be a further upsWing from pres
ent levels, with especially marked
gains in number Of the major
heavy industries during the fall
months.
Obstacles Recalled.
The business cycle of business
recovery which ended in March,
1887. came cropper because of the
artificial obstacles imposed by
threatened price initiation, serious
labor troubles, burdensome Federal
tax legislation, and too drastic
action at Washington to put the
brakes on credit expansion. AS we
look back over the experiences of the
last % months, we find most of
these handicaps cleared away, and
business has, in fact, already risen
substantially from the lows of a
year ago.
The most serious hangover from
the 1887 collapse in business was
reflected in huge inventories in
many lines. These inventories were
largely liquidated in 1888. In par
ticular, retail stocks have been
drawn down to the bone. Even if
business holds at only present levels,
there must be substantial inventory
replacement purchases by wholesal-
ers and retailers this spring.
Viewing the outlook as a whole,
the speaker held that 1899 will show
an increase of at least 20 per cent
in industrial volumes, which will
bring the total for the year about 5
per cent under that of 1887. Indi-
vidual purchasing power will be up,
and retail trade should reflect it.
New England to Lag.
New England, as always, will lag
somewhat further behind the gen.
eral upswing during the near-term
future, than it will during the sec
ond half of the year. The paper
and textile industries are, of course,
peculiarly sensitive to consumer de-
mand, and they should show sharp
seasonal gains this spring. The
Woodworking industries-the re-
frigerator companies and possibly
even the radio companies-may very
we'll show gains of rs per cent over
first half year operations a year
ago. In spite of all the fears of war
(and another good war scare could
knock the props from under our
business situation for a month or
tWo) there is every evidence that
this country has further industrial
expansion ahead of it. am firmly
convinced that the 1878 decline
will represent only a temporary
interruption in long-term upward
swing. Now that Government domi-
nation is lessening, capital should
become more productive.
Evening star., 1939-01-20
New York Produce

NEW YORK. Jan. 20 lP.-Butter. 572..
ss Sssk eSfss hsner tan esrs atE
tSS.9D. 25-26: seconds (s4-s7) 23a4-24h
Cheese. 3I5-404. easy. Prices unchanged
clal packs. 2O-20la: standards 1877; nrsts
1917: seconds. 11h-ls: mediums 17A
dirties. No. !. 17A; average checks. 16
Refrigerator. standards, II: firsts. 16A-A;
mediums. l5h
Evening star., 1939-01-20
Business Looms Down
Sharply at New York
thn Assnciatad pness


The Federal Reserve Board re-
ports a decline of $4,000, 600 to SIS
371 100000 in the commercial in
dustrial and agricultural loans of
New York City banks in the week
ended January 18. Banks in the
Chicago district cut similar loans
81 900 900 to 1899 100000 in the same
period.
Evening star., 1939-01-20
Tidewoter Pipe Lines
Valued at So, ZOO, 900
BY the Associated Press.

The Interstate Commerce Com
mission put a $4,700,000 valuation
today on property the Tidewater
Pipeline Co., Ltd, owns and uses for
common carrier purposes.
The company, controlled by the
Tidewater Oil Co., owns and op-
crates trunk pipelines in Illinois,
Indiana, Ohio, Pennsylvania, New
Jersey and New York.
The commission valued the prop
erty of the Bradford Transit Co.,
which operates pipelines in Penn
sylvania and New York, at $500, 900.
Evening star., 1939-01-20
Du Pont Granted
| goth Railroad
| |Dnectorship
BY the Associated Press.

Pierre S. du Pont, Wilmington,
Del. industrialist, received permis-
sion from the Interstate Commerce
Commission today to hold another
railroad dictatorship, bringing his
total to 90.
The commission said Du Pont
could serve on the board of the
Pittsburgh, Cincinnati, Chicago and
st. Louis Railroad. He previously
had authority to serve on the board
OF the Pennsylvania and other COM
panieS in that system.
Evening star., 1939-01-20
Odd-Lot Dealings
By the Associated Press

The Securities Commission reported to-
odd-l dealers or specialists on the New
York Stock Exchange for January 10:
1920 purchases, tnvolvtng. es,442 shares;
Evening star., 1939-01-20

Public Service Corp Of New Jer-
sey-Preliminary common share
earnings for 1888 were 1924, against
$267.
Evening star., 1939-01-20
Tobacco Markets
By the Associated Press.

The Danvlle Flue-cured Tobacco Mar
ket reported. sales yesterday aggreea atins
6O.53S pounds Growers received an aver
age price Of 5000 per hundredWeIght
Sales totaled 81 545 pounds on the
Lynchburg dark-fred tobacco mart. Prices
AVERAGED S11,67 per hundred
Evening star., 1939-01-20
Montreal Silver

MONTREAL, Jan. 90 GP.-silver future
opened unchanged Bids: January. Al so
February, 4llO
Evening star., 1939-01-20
NOTICE TO HOLDERS OF
4l,S FIRST MORTGAGE SINKING FUND
TEN-YEAR BONDS OF THE TERMINAL
REFRIGERATING AND WAREHOUSING

REFRIGERATING AND WAREHOUSING
CORPORATION DATED APRIL l, 1898.
Notice is hereby given that the National
Savings and Trust COMPANY; OF the District
of Columbia Trustee under Indenture dated
April /, 1895 made by the Terminal Re-
frigeratine and Warehousing Corporation OF
Washington. District OF Columbia has. in
accordance with the sinking fund provisions
Of said Indenture; called by lot for redemp-
ary l. 1889. at the office of the Trustee the
following described 4l.I First Mortgage gag
minal Ref1igerating and Warehousing Cor
poration dated April l. 1888. secured by
$1,000 bonds Nos M6. %. SO,
33e. 435, 466, 513. 535. 704. 1l6
$500 bonds Nos. D2c and "A.
Bonds enumerated herein are called for
the purpose of the sinking fund and the
interest on said bonds will cease on Febru-
ary /. 1899.
NATIONAL SAVINGS AND TRUST
COMPANY.
BY H. Prescott Galley. President.
fSeal1 Attest:
perrival Wilson Secretary
Evening star., 1939-01-20
U. S. Treasury Notes

NEW YORK, Jan. 90 LP,.-Prices quote
in dollars and thirty-seconds.
Evening star., 1939-01-20
Washington Exchange

SALES.
City &; Suburban 5s-sl,00 at Sc.
AFTER CALL.
Washington Gas Light pfd.-l0 at
1861.
Washington Railway g. Electric pfd.
10 at 1l5ls.
Evening star., 1939-01-20
ANNUAL REPORT OF THE
Security Storage Company.

l. C. P RAVENBURG. Secretary of the
Security STORAGE Company Of the District of
Columbia, do hereby swear that the facts
stated in the above certificate, are. true to
the best of my knoWledEe and belief.
CHARLES P RAVENBURG.
Secretary.
Subscribed and sworn to before me.
notary public, in and for the District OF
Columbia. this seventeenth day of January,
AID. 1889.
(Seal) PAUL ALVEY.
Notary Public. D c.
Ny commission expires December 10.
Evening star., 1939-01-20

Quotations not furnished by sponsor or
issuer; all others are obtained by l. B. c.
from those sources.
Evening star., 1939-01-20

New York Bar Silver
NEW YORK, Jan. 20 (R.-Bar
silver. 42x. unchanged.
Evening star., 1939-01-20
Investing Companies

NEW YORK. Jan. 90 tP,.-Investmen
Bankers Conference, Inc:
SiebenbuÌˆrgisch-Amerikanisches Volksblatt. [volume] (Cleveland, Ohio) 1917-1971, 1939-07-06
STUDY LISTS POINTS
INDUSTRY.

Cleveland, Ohio. The average
American industrial company has
plans for spending close to $780,.
900 for plant Improvements. but
is going to spend only Slo,542 OF
that amount at the present time
because of unfavorable condi.
tons, according to a survey by
Steel.
The magazine quoried compa-
MES representing a typical cross
scotia of American industry, and
mere than two-thirds of the res.
pondents said they had plans for
improvement or expansion. To-
tai expenditures would come to
81. All 600. OF this S1.217.5OO, or
Is 4 per cent, is to be spent with
out delay,
The remaining amount was
held up. the companies said.
because of various uniavorablc
factors, OF which the most i'm
portant were: untavorable
government politics, an unfair
labor law, an unsound tax sys.
SiebenbuÌˆrgisch-Amerikanisches Volksblatt. [volume] (Cleveland, Ohio) 1917-1971, 1939-07-06
Cleveland West News
BY Skip.

Cleveland, Ohio, July 6-Well
we'll! Dear old West took it On
the chin again from the Detroit
r to the tune Of 4 to o. The
season is still young for us yet
What we need is reinforcement
in a couple of departments. All
in all it was a good game.
The Barn Dance
Our benefit dance will be held
at Powers Barn on w. 13Oth Just
3 miles south of Brookpark. The
time is Saturday. July 8, at 8 -W
O'Clock All those members with
ticket out please have both
money asd unsold tickets at the
meeting tonight. Lets all be there
and have a good time
To East
Wen be waiting for you this
Sunday to see what can come
out of this double header.
Line of Logic
1t is easier to ruin a reputation
than to make one. Tar sticks
tighter than whitewash.
SiebenbuÌˆrgisch-Amerikanisches Volksblatt. [volume] (Cleveland, Ohio) 1917-1971, 1939-07-06
Swimming Meet Dead
Line Entry Date Set

All groups are requested to
note that the final day for entry
in the 1889 Swimming Meet is
July IL. To be valid all entries
must be postmarked before mid
night of that day.
All lists are to be sent to the
Secretary with the entry fee.
All entry fees checks should
be made payable to the Associa-
ton Treasurer instead of the Sc.
cretary. This will eliminate much
trouble on the part Of the ofic.
ers in transferring the monies
from II to the other.
Martin Weprich Jr.
T. S. ]. A. Sec'y
SiebenbuÌˆrgisch-Amerikanisches Volksblatt. [volume] (Cleveland, Ohio) 1917-1971, 1939-07-06
New Castle News
By Paul Sander.

New Castle. Pa, July 6-All
Iew Castle Juniors are hereby
notified that our meeting which
was scheduled for July 4th vii.
be held OH July II. Don't forgel
be sure and attend.
Last Sunday the New Castle
mushball team journeyed to Can
ton and were defeated 10 to ;.
We wish to thank Canton for the
good time and the swell lunci,
served US. We will try to show
you a good time when you come
to eNw Castle.
For the benefit OF the Home
stead reporter New Castle had
the track meet in 1884 an dit was
the biggest and best meet ever
held.
We wish to thank Homestead
for the good time shown US at
the meet. It was a nice day and
everything went Just right. In con-
GLIDING may I say that some day
New Castle is going to win the
meet.
SiebenbuÌˆrgisch-Amerikanisches Volksblatt. [volume] (Cleveland, Ohio) 1917-1971, 1939-07-06
BY Jennie Schinker

Youngstown, Ohio, July 6 -
With the Track Meet over we are
looking forward to the 1888
Swimming Meet. 1t is to be held
at the beautiful Idora Park.
Everything is to be run exact
ly as scheduled and not Saxon
time. We wish the clubs would
SEMI in their queen entries as
soon as possible. Don't forget the
dance that is to be held on the
Saturday night before the meet.
It will be held at Our Saxon Club
especially for all the out-of-town-
ers who wish to come down the
night before the meet. A good
orchestra is booked for the eve
ming of July 10Th.
II the last meeting one of our
old members rejoined the club.
We hope you stay with us longer
this time Danny. We wish many
| more of our old members would
consider rejoining. Lets try to
increase our membership.
Everyone is requested to at.
tend singing rehearsal. This is
the last week for those to come
back to the singing club if they
wish to participate in our prize
song. They will find it wortl,
their returning because our song
is a very beautiful number, but
practice is necessary, SO lets all
attend!
SiebenbuÌˆrgisch-Amerikanisches Volksblatt. [volume] (Cleveland, Ohio) 1917-1971, 1939-07-06
Canton Reflector
By Mariane H. Salmen

Canton, Ohio, July 6-This
weekend we were hosts to New
Castle. The Canton boys got their
first victory. They surprised us
all. Eth Til:That was some pitch
ing. George and Babe. Did you
eat your Wheaties, boys?
Meeting
Don't forget Our monthly meet
ing Friday, July 7. Everyone try
to attend this meeting. We shall
hear from the delegates of the
convention and also discuss plars
for the swimming meet. So don'i
forget to attend.
To Ellwood City
Welcome to Canton on July 9.
We hope to see quite a few nt
you Come on, lets all turn out
for this game and support our
team.
SiebenbuÌˆrgisch-Amerikanisches Volksblatt. [volume] (Cleveland, Ohio) 1917-1971, 1939-07-06
TSJA
Secretaries
Please Note

All club secretaries are request.
ed to check their officers which
are listed i'll the Branch Calendar
of the Volksblatt at once. ANY
errors that are found will be cor
rected if the correct names and
addresses are sent to the +. S. I.
A. Secretary Immediately. Don't
send the names to the Editor
of the paper as it causes too
mu:h trouble for the type settlers
to tear up their plates every week
The prompt cooperation of all
secretaries is asked in making
this task a short one.
Martin T. Weprich Jr.,
T. S. ]. A. Sec'y.
SiebenbuÌˆrgisch-Amerikanisches Volksblatt. [volume] (Cleveland, Ohio) 1917-1971, 1939-07-06
ALL SOFT.BALL
MANAGERS NOTE

During the past few weeks
there have been no Box Scores
printed in the Volksblatt due to
the fact that none have been re-
ceived by the Association Secre-
tary. If the standings of the
league are to be computed accur-
ately we must have the full CO.
operation of each and every man
ager of the league.
= To avoid confusion it would
be we'll if the scores were sent in
by he manager of the home team
since his book is the official book
of the game.
Failure to comply with the
deaa!ines set will bring about the
Assessment of a Fine for each
violation of the above mentioned
dead line This matter was talked
over at the Convention and all
managers should be warned OF
tile decision to fine all groups
which refuse to comply with the
deac line dates that are set BY
the officers.
In order that the standings can
be correctly listed it is the re-
quest of the secretary that ali
box scores of all games that have
beer played to date be sent ir
at once.
Martin T. Weprich Jr.,
7. S. ]. A. Sec'y.
SiebenbuÌˆrgisch-Amerikanisches Volksblatt. [volume] (Cleveland, Ohio) 1917-1971, 1939-07-06
Auto City Speaks
By Art Seller

Detroit, Mich, July 6-Thc
Detroit baseball team chalked up
another victory when they de.
feated the Cleveland West boys
with a score of 40. Not bad.
To Cleveland West
Thanks for the swell time you
showed us. Well return the COM
pliment when you get here.
To Lorain
Wen be waiting for you Sum
day, July 9. Here's hoping that
the game is a little tighter than
the last time. Did you get a lot
of practice boys: We did!
To all Members d.
Don't forget the Picnic, July
9. Immediately following the
game (which is to be played in
Castalor Field at 1880, we'll all
go out to the picnic grounds OF
II Mile Road. All members are
expected to be present.
Congratulations
We, the Detroit u. Y. p. s., wish
to congratulate the lew T. S. 7.
a. officers and sincerity wish
them to have a pleasant term.