davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-08-09
County Issue Offered

NEW YORK, Aug. 9 (SpeciaD -
A banking group comprising Leh-
man Bros, Stone & Webster and
Blodget, Inc. and Piper, Jaffray &
Hopwood minneapolis has been
awarded a new issue of s725 900
county of Ramsey, Mimi, Il. per
cent bonds on its bid of 1OO82.
The bonds are being reoffered at
prices to yield from O.30 to Ito per
cent for maturities ranging from
1910 to l949.
Evening star., 1939-08-09
Foreign Markets

LONDON. Aug: 2 Pt.-Uncertainties over
Danzg and the Far East had the effect of
barring stock market support today and
prices, where. changed were usually lower.
High light of dealings was start of trade
nnot in The he New Zealand :3ia pc, cent loan.
atoted at premium of shilling 3 pence
at one time, but later trimmed Trans
Atantics, reacted after firm opening and
British funds shaded downward Rubber
stocks improved. but most other commodity
shares were neglected. Industrials rolled
along quietly.
PARIS. Aug. q tP,-The Bourse took an
attitude of watchfulness to the interna
tional scene today and spatterins Of de-
mand was sufficient to keep prices in a
harrow hiaboy r range Rentes closed 10 centimes
peared for gold shares and some Japa nese
loans.
LIVERPOOL, Aug. 9 Up Wheat futures
i we're clpped again today by distress SELL
Ing and liquidation. The market closed
2 to :. penny lower. Influenced by heavy
onerings OF Argentine and Canadian wheat
Cotton futures lost 3 to points on SELL
ing inspired largely by belief the American
crop had improved since the date the Of
nclal crop estimate was compiled.
Evening star., 1939-08-09
Factory y0utput|n
Is Found Above
Purchasing Power
Hamilton Institute Suys
Situation Indicates
Shorp Recession in Fall
Special Dispatch TO The Star.

Special Dispatch TO The Star.
NEW YORK, Aug. 9-The present
relationship between the purchasing
power index and the factory output
index provides very unfavorable
testimony in regard to the outlook
for factory output for the final
quarter OF 1899, according to a sur
vey by the Alexander Hamilton In
stltute. The index of factory out
put, says the institute, lis far above
the index 0. purchasing power. in
dlcatlng that a recession in output
is in prospect There is no evi-
dence that, instead of a decline in
output, the purchasing power index
Will rise. On the contrary, il may
be expected that the purchasing
power index will decline. This is
the usual development when the in
oeX OF factory output is above the
purchasing power index It is only
when the output index is below the
purchasing power index that a rise
in the purchasing power index can
be anticipated.
The present relationship between
the factory output index and the
purchasing power index thus points
TO very sharp recession. The
prospect is that the decline in the
index will not be halted until it
drops below the purchasing power
index, and the outlook is that this
will not occur until the purchasing
power index is at a considerably
lower level than it is at the present"
Industrial production has recently
shown a tendency to expand, sug-
gesting that the prospective slump
indicated by the present relation
ship between output and purchas-
ing power may be postponed until
late IN the year. It may be ex-
pected, however, that curtailment
will be in evidence during the last
quarter unless the index of produc-
ton and the index of purchasing
power move in an unprecedented
manner.
Evening star., 1939-08-09

ESQ, 900 in 3Aa bonds of Loew's Thea
ter & Realty Corp, wholly owned
subsidiary, sold to two insurance
companies, and a bank loan of s3,-
100000 from the First National Bank
of Boston.
Approximately 100000 of the
proceeds, the company announced,
will be used to retire September IS
the outstanding first lien 6 per cent
bonds Of the theater subsidiary.
Evening star., 1939-08-09
Trade Agreements
With TotaIitarians
Unlikely, SaysGra
Common Meeting Ground
Lacking With Systems
Directly Opposed
By the Associated Press.

By the Associated Press.
Henry F. Grady, new Assistant
Secretary of State in charge of
Secretary Hulls trade-agreements
program, said yesterday he saw
little or no possibility Of the United
States reaching economic agree
ments with Germany or other
totalitarian powers"
Mr.. Grady. who was vice chair
man Of the Tariff Commission and
one of the fathers of the trade
agreements program, was sworn
into his new post yesterday after
noon.
"The policy of this Government, ,"
Mr.. Grady told reporters, has al
ways been to go at least half way
toward the totalitarian states-and
still is-but the systems under
which they operate are so diametric-
ally opposed to ours that there is
no common meeting ground
Until they abandon their present
methods of operation, there can be
no satisfactory arrangement on
commercial matters between us.
We had sincerely hoped that in the
case of both Germany and Italy
we could arrive at some mutually
beneficial agreement. but We appear
now to have run into a stone wall
which cannot be penetrated"
Mr. Grady said he was convinced
the trade methods of such States
ARE self-defeating and cannot con-
tinue indefinitely" Although he
said he believed in the continuance
of peace, he admitted that war
might be chosen as the way out of
economic impasses. Perhaps" he
said, they will be forced into war
out of desperation
Economic Set-Up Precarious.
He said he was certain of one
thing-"the economic life of any
nation which has dissipated its ex-
change on construction of arma-
ment is precarious.
Mr.. Grady added it would be im-
possible for countries with systems
of economic self -suffciency to
change their systems overnight. 1T
would require a long. carefully
studied and planned transitional
period" he said. during which
those countries would need the SYM
pathetic cooperation of the rest
of the world, in which the United
States would be glad to join"
Evening star., 1939-08-09
New York Produce

NEW YORK, Aug CP,,-Egss, 3l.4o7:
Mixed colors;, Fancy to extra fancy,
1874 standards. 1124: firsts. lfl4 :
seconds. 1434-l534: mediums l4ia: dir
ties, No. !. l4l4: average checks. 1874.
Whites Resale of premium marks - 2
30; Nearby and Midwestern. premium
exchSnSe c1s, standards - 80. 40. Resale Of
and Mldwestern. exchange mediums 23.
Browns; Nearby. extra fancy. @3l2-34
nearby ana MidWestern, exchange spe-
cials. 20 223 exchange standards, 21-
2lr Nearby. mediums. 90.
Duck eggs: Nearby. 1920
h9ber than ezra t2s ssaa eefs cry
scoreJ, 54T: hrsts oss-91 score. aaea3i.
seconds tS4-s7 score. 2OI4-2iI4
=, Cheese' 245933: steady. Prices un-
Dressed poultry irregular, fresh: Boxes,
chickens, fryers, 1212-lSla: roasters. l5-
"a. Fowls 36-42 pounds l1-l6. Frozen:
fresh and frozen prices UNCHANGED
Live poultry weaker, by freight: Broil-
Fowls, colored 1918: Leghorn 13. Old
chickens Reds. is. Broiiers, stefs Rocks 'isS 90.
-; crosses, fancy, 1920 average. IL
l9; colored 1915: Reds, 1918; Leghorn,
l6-ls. Fowls, colored, Ills; Leghorn.
nearby. l5-l6 Southern 1914. Pullets.
Rocks large, 27-2s; medium 24-26;
crosses large, 25-26; medium. "a; Reds,
roosters, 13
Egg futures closed weaker; refrigerator
hrsts, September and October, IS: sales.
Ia cars.
Evening star., 1939-08-09
Hupp Car Accounting
Asked by Attorney
By the Associated Press.

By the Associated Press.
DETROIT, Aug. 9.--Jay E. Dar-
lington, Hammond, Ind, attorney,
has filed suit in United States Dis
trict Court asking an examination
of the management Of the Hupp
Motor Car Co.'S affairs since 1885,
and an accounting of $250OO0O re-
ceived from the sale of 100000
shares of common stock in 1887.
He described himself as the owner
of 5000 shares of common and said
he brought the suit in behalf of
10000 shareholders.
Various officers, directors and
attorneys associated with the COM
pany now or formerly were named
defendants.
Evening star., 1939-08-09
Electric Power
Output Rises
For Week
BY the Associated Press.


NEW YORK. Aug 9.-Production
of electric power in the United
States during the week ended August
5 totaled 1926, ,O85 900 kilowatt hours,
a drop of Z of l per cent from
2,34l $4,000 in the preceding week,
but SO per cent ahead of 21l5,847,-
900 in the comparable 1898 week,
the Edison Electric Institute re-
ported today.
The decline was more than sea-
sonally expected and the Associ-
ated Press power index. based on
l929-30 as 100, declined to 1901
from 1903 in the preceding week.
The index, which is adjusted for
seasonal and long-term trend, stood
at liz year ago.
Range for recent years. follows:
1899, 1898, 1897. 1896. l934-35
Low E5sh i2s id5::s iiis iiI 1875 1875 lSi 81
Percentage gains over a year ago
were reported as follows by the in
stitute: New England. 14l; Middle
Atlantic, 81; central industrial, 12.l;
West Central, 28 Southern States,
85; Rocky Mountain, 9.8; Pacific
Coast, 73
Evening star., 1939-08-09
Dry Goods Market

NEW YORK. Aug q iA-Textile buy-
ers were content to fill routine needs only,
according to reports from Worth Street to-
day. Prices held steady. however, and
there was tendency to ask Is cent a yard
more on forward delivery goods
spun rayon and acetate yarn fabrics
continued to lead rayon markets in sales
volume Lack of extensive buying for early
1870; however, braked fuller activity
Silk dealers said demand for full-fash-
ioned hosiery had picked up trifle as re-
tail movement held up well
Womens and childrenS wear was most
In sdemand in woolen goods markets Ma
chnery activity on those lines was brisk.
and piece goods dealers reported demand
from tailoring establishments and jobbers
was satisfactory
Burlap advanced to 10 points follow
ing the lead of Calcutta.
Evening star., 1939-08-09
Goodrich Net Profit
Put al $3,122,728
For Six Months
STANDARD Products
Makes $358,056
In Fiscal Year

BY the Associated Press.
NEW YORK, Aug. 9.-B. F. Good
rich Co. and subsidiaries reported to-
day for six months to June 80 net
profit of s3,l22,728, equal to sl61
share on the common stock, COM
pared with a loss of S209 551 in the
first half of 1885 The 1899 period
income included S415,1 in nom
recurring profit.
Sales in the first half of 1889 to-
tailed s66,119.599, compared with
S51,913,9 1886 in the first six months of
1898.
Standard Products.
Standard Products Co. and sub
sidiaries, Cleveland automotive
equipment manufacturers, reported
consolidated net profit Of 1858 056 for
the fiscal year ended June 30, after
all charges and Federal income
taxes. This is equivalent to Sll9
share on 100000 shares of outstand-
ing common Standard Products re-
ported net profit of S30948, or 10
Stilpo Slldlt, lOl GilC llSSdl ycdl
ended June 30, 1888.
Link-Belt Co.
Link-Belt Co. and subsidiaries re-
ported for the six months ended
June 80 consolidated net income of
S442.479, compared with 1882 1852 in
the like 1888 period.
This was equal after preferred
dividends to 49 cents share on
684, ,462 shares of common stock out
standing. and compared with Al
cents a share on 675.573 shares in
the corresponding period year
ago.
Cushman's Sons, Inc.
Cushmans Sons, Inc. of New
York. a subsidiary of Purity Bak-
cries Corp, reported net income of
S8l ,663 for the - weeks ended July
Is. compared with sS6.7l6 in the
corresponding 1888 period.
Net income for the g weeks ended
July IS was $3.50 966. compared with
S241,475 in the like period a year
ago.
Sterling Products.
Sterling Products, Inc. drug man.
ufacturers, reported net income for
the six months ended June 80 of
S5,310.052 equivalent to S310 a
share on the common stock
For the comparable period last
year the company made profit of
$4,723 ,454.55. or S277 a share.
For the quarter ended June 80 net
income was s2,3S2 ,l6842, equal to
S1.39 per common share compared
with S2O88 ,328O5. or S1.22 a share,
In the second quarter last year.
Beneficial Loan Corp.
Beneficial Industrial Loan Corp.
reported consolidated net profit for
the six months ended June 30 of So
1927, or s127 a share, on the
common, against s3101,358, equal
to SLIT a share, in the first half
a year ago.
Second quarter indicated net
profit was S15719l5. or 64 cents
per common share. compared with
$1.467 .448, Or 56 cents a share in
the June quarter last year.
Mohawk Carpet Mills.
Mohawk Carpet Mills, Inc, for
the six months ended June 30. re-
ported net income of S546,832 after
all charges. except s1000,0OO
appropriation for special reserve
against decline in value of inven-
tory which was charged to earned
surplus. In the first half last year
the company reported net loss of
S698,372 before 100000 reserve for
inventory adjustment Changes in
accounting, effective January | of
this year. had the effect of increas-
ing net income 70" the first 1889
half by around $4,000. it was stated,
The company's principal plants are
at Amsterdam, N. Y.
Evening star., 1939-08-09
Price of Sect DROPS

NEW YORK, Aug. 9 (P.-Trans-
fer of a seat in the New York Stock
Exchange was arranged today at
s52,0 900, a drop of $4,000 from the
previous sale and only $1,000 above
the years low on April IL. Highest
price for the year thus far was $70,-
600, paid on March 8,
Evening star., 1939-08-09
Another Hearth Opened

BUFFALO N. Y, Aug 9 (P,.-The
Bethlehem Steel Co. put its nine
teenth open hearth in operation at
its LackaWanna plant, yesterday,
bringing the Buffalo area steel pro-
duction rate to 6012 per cent of
capacity, highest since the Autumn
of 1887.
Evening star., 1939-08-09
New Electrical Orders

The Census Bureau reported new
orders booked for electrical goods
rose to s2O5 .567 ,343 in the second
quarter of 1899 and from s197 ,654,-
ZIG in the first quarter and com
pared with S157,315,4 All in the second
quarter of 1898.
Evening star., 1939-08-09
Penney SoIes Rise

NEW YORK, Aug 9 LP).-J. c..
Penney Co. reported July sales of
Sl9,502,ll7, an increase of 68 per
cent over S18,261 1856 in July last
year. Sales in the first seven months
OF the year, totaling S135157,975,
were 94 per cent ahead of the similar
1888 period.
Evening star., 1939-08-09

Quotations furnished by Investment
Bankers Conference. Inc, which states they
ton" or firm bids or offers but should indi-
cate approximate prices. and unless other
wise indicated, are as quoted by the spon-
SorS or iSsuers
mot quoted by sponsors or issuers"
Evening star., 1939-08-09

Also extra or extras.
Quotations furnished by Investment
Bankers Conference. Inc, which states they
do not necessarily reflect actual transac-
tions or firm bids or offers bust should
indicate approximate prices.
Evening star., 1939-08-09

"Ex-dividend b Books closed, stock called
for redemption September Is. 1889
g Sl4.00 extra paid December %. 1888
K 20c extra. m 81 80 extra. p SOC paid
september 20, 1898 So 90 paid in 1888
extra.
Evening star., 1939-08-09
Dividends Announced

NEW YORK, Aug. 9-Diyidends de-
clared. Prepared by Fitch Publishing Co
Accumulated.
Rate Pc Stock of Pay
Record able
Evening star., 1939-08-09
Washington Exchange
SALES.

Washington Gas Light pfd.-10 at
10734.
Evening star., 1939-08-09
Insurance Stocks

NEW YORK, Aug. tF.-Investmen
Bankers Conference, Inc:
Evening star., 1939-08-09
Investing Companies

NEW YORK, Aug tP.-unvestmen-
Bankers Conference. Inc
Evening star., 1939-08-09
BONDS
MISCELLANEOUS

MISCELLANEOUS
Chevy Chase CLUB lst 4i4s lO4
Col Country Club lst 4i4s l03
Ter Ref g. VIII Corp lst Alas lO3la
Evening star., 1939-08-09
STOCKS

PUBLIC UTILITY
Evening star., 1939-08-09
Net Railway Operating Income


Not Railway Operating Income Is
What Is Left Of The Rsi|wsy Opsra+-
ing Revenues After the Operating
Expenses Have Been Paid
The midland journal. (Rising Sun, Md.) 1885-1947, 1939-10-20
AGRICULTURE:
Report Card

If y. S. corn supplies reach ITO
per cent OF normal, AAA legislation
requires 2 referendum among pro-
ducers on establishing marketing
quotas. For the. past month corn
estimates'f1ave bobbed up and down,
mostly. down -on the strength OF
drozth' reperts. But ny early Octo-
bec enough returns were IN to place
theastin1ate lat2, 6S2, 0O0;O 900 bushels.
Last years record carryover was
oa6' UUO, oOO bushels; Total; S,u1S'-
UUU.UOO ousneis, wnlcn rs ABOUT 90
uOu,uuu ABOVE the markeslhg quota
The midland journal. (Rising Sun, Md.) 1885-1947, 1939-10-20

neutrality had stirred an unprece-
dented free-for-all in congress and
elsewhere at time when national
unity was the watchword. There
was angry speech-making, too much
Of it, fraught with bitterness that
might have made the U. S. look
slightly silly and indecisive in time
of crisis.
Missouri's Isolationist Bennett
Champ Clark took the senate floor
to maintain that the Tobey vote was
no test. He stayed to make speech
on how the Presidents Limited
emergency" proclamation has been
used for dictatorial, warlike moves.
Case in point: Placing the Panama
canal under military control, an ac-
ton Senator Clark said was valid
only when the U. S. is engaged in
war, or when war is imminent.
A speech the night before by As
sistant Secretary Of War Louis john
son next attracted the senator. Mr..
Johnson had said the u. S.. army is
as vulnerable to German mechan-
lied legions as was the Polish army.
Commented Mr.. Clark: ''In my
judgment no more idiotic, moronic,
mpatriotic remark ever has been
made To compare the situa-
ton in the u. S. with the situation
in Poland is an attempt to
alarm our people which to my
mind is beneath contempt"
Next came Nebraska's Repealist
Edward r. Burke in speech de-
nouncing Hitlerism, predicting a
revolution for Germany and urging
the u. S. to cast its lot with the
allies by providing every assistance
"short Of supplying men and
money"
The midland journal. (Rising Sun, Md.) 1885-1947, 1939-10-20
RUSSIA:
Cat and Nice

Six weeks after it started, the war
of 1889 had apparently been won by
Russia, a noncombatant. The soviet
held two-fifths of Poland and con-
trolled the little nations of Lithu-
ania, Latvia and Estonia whose Ger
man populations were repatriated
by the Fatherland in what was Nazi-
dom's most ignominious defeat. In
all these countries Russia won i'm
portant naval bases (see map which
gave her control Of the Baltic sea
and constituted a direct threat
against Scandinavia. Lithuania, the
last to capitulate, even. accepted a
part Communist social order
Finland was next, her delegation
opening consultations in Moscow
while the folks back home evacuat-
ed cities, strengthened the army and
The midland journal. (Rising Sun, Md.) 1885-1947, 1939-10-20

I. The above fellow, once gov
ernor Of Kentucky, is shown TAX
ing an oath in Washington. What's
his name? What oath is he TAX
ing?
2. AL Capone, former Chicago
gang car, is in the news now be-
cause: (a) he is taking piano
lessons at Terminal Island pris-
on, California; (b) he has become
a fruit grower at his Florida
home; (c) he win be released
from prison next month.
8. His initials are Robert G. As
official executioner for five east
ern states, he electrocuted Sacc0
and Vanzetti and Bruno Richard
Hauptmann, kidnaper of the Lind
bergh baby. What's his last
name? What happened to him?
4. Richard GaIlogly is under life
sentence in Georgia, convicted Of
a s'thrill'' murder in 1928. How
did he make news recently?
5. Charles A. Byrne is New Or
leans district attorney. He re-
Gently: (a) set a new record for
prosecutions, for which the gov
ernor honored him; (b) was
charged with blocking grand
jury's investigation of alleged
graft and corruption; (c) started
a racket-busting campaign SINH
lar to that of New York District
Attorney Thomas E. Dewey.
(AnsUers at bottom Of column
The midland journal. (Rising Sun, Md.) 1885-1947, 1939-10-20
Can Easily Get. Into War If
Psychology of War Continues

The rumors concerning the activi-
ties Of the members of the mobiliza-
ton board spread rapidly and grew
in number. 1t is made to appear
that the sponsors got to Mr.. Roose-
welt with their propaganda. In any
event, something happened with the
suddenness of a rabbit jumping from
a lair of weeds. Mr.. Roosevelt an
nounced in his press conference one
afternoon that the mobilization
board would make its report and
would be dissolved. That would not
have been a startling announcement
except that none of the members Of
the board, nor the general staff Off
GERS of the war department who
were working with the board, had
any previous knowledge that their
work was ended.
have not attempted in this dis
cussion to report all of the little in
cidents that have come along to ex-
cite curiosity. It is not to be forgot
ten that the congress was called into
extraordinary session to act on the
Presidents request for repeal of the
arms embargo. Many persons saw
no need for the extra session. And
the passage of three weeks of debate
on the question whether to keep the
embargo against export of arms or
repeal it has shown, as far as am
concerned, that it really does not mat
ter which side wins. The United
States is not going to get into war
any more quickly by keeping the
embargo than it will by repeating
that mooted section. But it can get
into war very easily, embargo or no
embargo. if this psychology OF war
is continued from Washington.
The midland journal. (Rising Sun, Md.) 1885-1947, 1939-10-20

man circles said Nazi planes had
dropped 10 bombs in a single raid
on British vessels blockading the
North sea. Since the allies wanted
no peace, the raids would continue.
Commented the official German
news agency: '.The time of unqual-
flied British control of the seas is
gone forever"
/ III Amsterdam. Netherlands, Ouch
seaman came home 10 announce he had
sailed from NetV York. on the longsB,iss-
ing German luxury liner. Bremen, had
helped pI0s0 her through cold northern
seas suhile she few the. Sovief flag, and
helped dock her safely at Russia's Arctic
ocean port, Murmansh.) s
The midland journal. (Rising Sun, Md.) 1885-1947, 1939-10-20

Here's pickup work you'll thor
oughly enjoy. Eight-inch squares
crocheted with a large hook to
make a colorful afghan. Pattern
1855 contains directions for af-
CHAN; illustrations of it and Of
stitches; materials required; color
schemes: photograph of square.
Send IS cents in coins for this
pattern to The Sewing Circle Nee
dlecraft Dept, 81 Eighth Ave-,
New York, N. Y.
Please write your name, adj
dress and pattern number plainly.
The midland journal. (Rising Sun, Md.) 1885-1947, 1939-10-20
CONGRESS-:
Talk Fest

Washington's important news was
not that the senate had refused 65
to 26 the resolution by New Hamp-
shire's Sen. Charles w. Tobey to
split the arms embargo repeal
issue away from the rest of the
pending neutrality bill. This was not
big news because the administra-
ton bill seemed a cinch to pass
whenever the final vote came.
Much bigger news was the fact
that the issue Of war VS.. peace VS..
The midland journal. (Rising Sun, Md.) 1885-1947, 1939-10-20
RUSSIA IN THE BALTIC
Why fight to wiB a Uar?

b y
prepared to fight demands for Soviet
bases on Hogland island and the
Aalands. i7s 4" n.
There were signs of joint U. S..Scan.
ainauian action to bloc Russian conquest
of Finland. In MoscotV, u. S. Ambassador
Laurence A. Steinhardt soas reported to
haze expressed his. governments earnest
hope" that nothing may occur to affect in.
jlsriously peaceful relations betsoeen Rus.
sia and Finland. 9'e
Germany's retreat from the Baltic
was not Herr Hitler's only setback.
While Russia offered him assistance
with one hand, her ships sailed from
the White sea bearing timber for
England in exchange for rubber and
tin, thus concentrating new trade
agreement with Hitler's most bitter
enemy.
If the British gloated over this ap-
parent victory, they soon changed
their minds. Red army units in the
Caucasus mountains facing Persia
and Turkey were reinforced. The
Soviet looked hungrily at Afghanis-
tan, British-dominated, and the gate
way to British India. Captivating
to this southerly threat, Turkey
rushed to initial a pact with Russia,
planning to sign agreements with
France and Britain the next day,
Net effect would be to tieutralize the
eastern Mediterranean and the
. a. q -
The midland journal. (Rising Sun, Md.) 1885-1947, 1939-10-20
Ne,us Quiz Ansauers

1. He is A. B. ("Happy") Chandler.
who resigned as governor to succeed
the late Sen. Marvel M, Logan
2. (c) Is correct. Capone Is expected
to be freed by November 10.
3. Robert c. Elliott. He died.
e. by walking out of prison. picking up
his wife and driving to Texas TO get
justice"
5. tb) IL correct. Impeachment pro.
ceedings have been fled against him.