davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-05-17
Stock Exchange
Established
747 Years Aqo
By the Associated Press.

NEW YORK, May 17.-This day,
in the considered opinion of some of
Wall Street elders, should rightfully
be designated national buttonWood
day"
This belief is ineXtricably bound
to the theoretical founding, lat years
ago, of the New York Stock Ex-
change under a buttonwood tree in
Wall Street.
For all the elders actually know,
the founding may have been accom-
plished in the backroom of some
tavern owned by a man named
Josiah, but buttonWood tree sounds
nicer. It's more poetic than calling
the tree sycamore, which it is.
In any case, the date is correct
May II, 1892. If you recall, that
was a Tuesday.
Twenty -four individuals under the
stigma of being "in trade" signed
an agreement that Tuesday not to
cut commissions on each other in
public stock"-meaning Govern
ment bonds.
The little city of $4,000 inhabit-
ants first heard about the epoch
making event through the following
advertisement in one of the local
newspapers.
I'VE the subscribers, brokers for
the purchase and sale of public
stock, do hereby solemnly promise
and pledge ourselves to each other
that we will not buy or sell from
this day for any person whatsoever,
any kind of public stock at a less
rate than one-quarter per cent COM
mission on the specie value, and
that we will give a preference to
each other in our negotiations. In
testimony whereof we have set our
hands this 18th day of May, at New
York, 1892"
The legend-true or false-about
signing the original agreement
under the tree. originated from the
fact that on fair days, from 1892
to 1917. the brokers did their buying
and selling with each other near a
sycamore which stood at what now
is the dividing line between 68 and
10 Wall street. three blocks from
Wher the exchange is today.
Evening star., 1939-05-17
Socony-vacuum Seeks
Cut in Interest Rate
BY the Associated Press.

BY the Associated Press.
NEW YORK, May 1.-THE So
cony-Vacuum Oil Co.. Inc, one of
the largest integrated companies
in its field, has been negotiating for
a reduction in the interest rate on
its S75,000000 of 81 per cent de-
bentules held by five insurance
companies
A spokesman for the company said
yesterday no agreement had been
reached on cut in the interest. but
that it was hoped an arrangement
would be concluded soon.
Also under study, it was said. is
the possibility of refinancing at
lower rate the S5O,OOOOOO in 3la per
cent debentures publicly held. Re-
funding of this issue. it was ex-
planned, probably would necessitate
public offering of new issue.
The 3i4 per cent issue was placed
with the insurance companies in
private deal in 1887 and the 31a per
cent loan was foated publicly in
1885.
Evening star., 1939-05-17
FOREIGN Exchunoe

NEW YORK. May II lPl.-Foreign
exchange dealings came almost to a stand
still today as traders studied implica tions
OF the agreement by London brokers not
to quote American securities
Prices Of major foreign currencies, guild
e. ed by off1cial controls; showed negligible
Sterling and the Netherlands guilder
were UNCHANGED. The French franc. belga
and Swiss franc were narrowly higher
proved.
Late rates follow Great Britain in dol
lars, others in centsl: Great Britain,
:6Sls: 60-day bills, .467Iss Canada, Mon
t@real @ in New York, 9.71h; Canada New
York ns,, in Montreal. 1oO.2sls; Belsium,
Ino2ha; Denmark. 2O.91; Finland: 2.07;
France 2:65: Germany. 4O13Ia; benevo-
lent q .05: travel 21.0O Greece .s57s;
hungary. In 10 20; Italy, -5,26i4; Yugoslavia
80; Netherlands. 537O; Norway. 90 SO;
Po,and. 1886; Portugal 427 Rumania.
~; Sweden; - 121z: Switzerland. %. 40;
City. 20; 15n; Japan. 27.32; Hong Kong,
30: :O4; Shanghai 1915.
Rates in spot cables unless otherwise
indicated. Nominal
Evening star., 1939-05-17
Bankers Urge Balanced
Budget, Tax Revision
BY the Associated Press.

By the Associated Press.
WHITE SULPHUR SPRINGS,
w. Va, May 17-Terming the Gov
ernment's finances "the most i'm
portant problem in our national life, "
the Investment Bankers Association
directed an appeal to the Treasury
for a balanced budget and a program
of tax revision to restore business
confidence"
The Board OF Governors yesterday
proposed among other things con-
slant rates to permit business to
calculate taxes several years in ad-
vance, simplification of regulations
and discontinuance of the undis-
tributed profits tax.
G. Provost Boyce, Baltimore, chair
man of the l. B. A. Federal Taxation
Committee, wrote Undersecretary of
the Treasury John w. Hanes that
some of the associations proposed
changes in the tax structure might
reduce revenues temporarily, but ION
the other hand, the effect on busi-
ness will be salutary and consequent
ly helpful to the entire country"
Evening star., 1939-05-17
Moratorium on War
Debt Discussions
Is Advocated
Leader Of Credit Men
Urges Ban os Way
To Remain Neutral
BY the Associated Press.

BY the Associated Press.
NEW YORK, May 17.-Henry H.
Heimann, executive manager Of the
National Association of Credit Men,
advocated yesterday "a moratorium
on discussions of settlement" of
Europe's World War debts to the
United States as a basis for preserv-
ing American neutrality.
The credit executive predicted that
new European war would stimu-
late American business but that the
United States would find it difficult
to maintain neutrality.
with all our neutrality" he said.
I'VE could still not avoid feeling the
stimulus of buying in this country
by warning nations. -.
"In volume these purchases would
probably not compare to the buy
ing during the World War because
foreign nations do not now have
the purchasing power they had in
1914. Following the buying for cash
every conceivable attempt would he
made to establish credit in this
country.
Attempts would be made To make
some settlement on the outstanding
war debt of 1917-18. And for good
reason from their standpoint, be-
cause foreign nations in default on
war debts are, under the Johnson
Act, unable to make new loans here
ut might be well if we took a
lesson from foreign countries, who
have declined to meet their obliga-
tions, and in turn declare a mora
torium on discussions of settlement
OF that debt. 1t might be cheaper
in the end to do so, for thus we
would be less likely to become in
volved through commercial entangle-
ments and sympathies.'
Evening star., 1939-05-17
American Cos to Make
Michiqon-Indiunu Loan
By the Associated Press.

BY the Associated Press.
NEW YORK, May 17.-Oficials
OF the American Gas & Electric
system said yesterday they were
awaiting approval of the public
service commissions of Michigan and
Indiana of a s22 500, 900 loan to the
Indiana & Michigan Electric Co.,
unit of the system.
The loan, to be advanced by a
group of insurance companies, would
be used to redeem the s19,524 900
mortgage SIS Of SIS and the S. ,959 900
first IS of 81. The remainder of
the redemption would be made up
from the company's cash and from
bank loans, it was understood.
Interest rate on the proposed new
loan was not disclosed.
Evening star., 1939-05-17
Buying Power
Of Dollar Tops
Year Ago
By the Associated Press.

BY Ine Associated PreSs.
NEW YORK, May 1.-THE Ma
tional Industrial Conference Board,
a research organization supported
by large industries and corporations,
reported the United States dollar
last month had 81 per cent greater
purchasing power than in April
1888, and 1854 per cent more pur-
chasing power than in April, 1929.
It's buying capacity declined one
fifth Of per cent from March to
April.
Also, the board estimated, the cost
OF living dropped 81 per cent in
April from the previous year and
was l4.1 per. cent lower than in
April, 1929. The cost rose one-tenth
of per cent from March to April.
Evening star., 1939-05-17
Financial Barometer

NEW YORK. May II lP,.-American cot
ton continued to lose ground in world mar
Kets IN April as exports. reported BY the
department OF Commerce, declined to 17s.;,
o3 per cent below a year ago.
Total exports for the nine months.
august through April. were Al per cent
value
Much Of our cotton has gone into the
Government loan and foreign manufac-
turers, traders say. have turned to cheaper
foreisn ,erowths or relied on their stocks
Department OF Commerce export figures
follow:
Last Previous Year
Month Month. AGO.
Value Ss,973,OOO S16.749, 900 S19.634, 900
Volume
(bales) 17S,OOO 100000 $4,000
Evening star., 1939-05-17

Declares Dividend
OF 50 Gents
Union Pacific Railroad
Reports Net Income
OF $4,000

By the Associated Press.
NEW YORK, May 17.-Directors
of Libbey- -Owens-Ford Glass Co. at
Toledo, Ohio, have declared a divi-
dend of so cents share on common
stock, payable June Is on stock of
record May 80, compared with a
dividend of Is cents for the like
period last year.
The dividend, voted on the basis
of second quarter operations, is the
same as paid during the first quarter
of the year.
Union Pacific.
Union Pacific Railroad System re-
ported net income for the quarter
ended March 81 of $892,020, equal
to SO cents a share on a 4 per cent
preferred stock, compared with $685.
085, or 81 cents preferred share, in
the like 1888 quarter.
Continental Diamond.
Continental Diamond Fibre Co.
placed net profit for the first quarter
at SIT ,309, equal to cents a share
on capital stock, compared with a
net loss of $238,754 in the compar-
able period last year. Company
makes vulcanized fibre and similar
products used in electrical insulation
at plants in Delaware, PENNSYLVANIA
and Indiana.
Revere Copper & Brass.
Revere Copper & Brass, Inc, and
subsidiaries today reported net
profit for the quarter ended March
81 of $l56,2l0, equal to $164 a share
on 7 per cent cumulative preferred
stock and $1.23 a share on 5l4 per
cent cumulative preferred. This
compared with a net loss of $879,659
in the like 1888 period.
Evening star., 1939-05-17
Reichsbunk Statement

BERLIN. May II Op.-The Reichsbank
statement as of May 16 Gin thousands OF
Notes in circulation. s,O06,40O: decrease.
2456OO. Gold. 70.700; UNCHANGED. For
Other bills OF exchange and checks. 1905
900; decrease. 166.soo Other ther daily ma
500 Investments. 754.900: increase. a6,-
100 Ratio of gold and foreign currency
to notes. 0.96 per cent. Rate OF discount.
per cent.
Evening star., 1939-05-17
Oil Production Shows
5Per Cent Decline
During Week
Institute Finds Stocks
Of Gasoline Lower,
Refiners Buster
By the Associated Press.

By the Associated Press.
NEW YORK, May 17.-Daily crude
oil production in the United States,
as reported by the American Pc
troleum Institute, averaged 3,4O2 500
barrels during the week ended Nav
13, decline of per cent from the
previous week, but IL per cent above
a year ago.
Contributing to the decline, the
first in six weeks, were Texas. down
POI 900 barrels, and Oklahoma, down
6,400. Increases were registered by
California, up II 100 barrels; Illinois,
up s,7oo, and Kansas, up $3.50.
Estimated runs of crude to stills
for the industry as whole increased
38 per cent, however, as reporting
refneries owning an estimated 85.8
per cent of capacity increased their
operating rate to 1873 per cent of po-
tential capacity from 8O.4 per cent
the previous week.
The institute reported stocks Of
finished and unfinished gasoline at
refneries, terminals, in transit and
in pipe lines at 84,808 900 barrels at
the end of the week, compared with
86,2l6,000 barrels the week before
and 9,257 900 year ago.
Total crude and refined imports
for the week were 1,009 900 barrels,
against 100000 the previous week.
Evening star., 1939-05-17
Boston Wool Market

BOSTON. May II P Omitted States
Department of Asriculture). Sales were
strong to rising prices today in the Boston
market. Combing territory medium wools
were bringing $3.50 cents. secured basis.
Tor three -eiehths blood. and 54-56 cents;
combins bright fleece woods moved at 30-31
cents, in the grease for three -eighths blood
current prices. But some users continued 70
take sizable quantities Of wools.
Evening star., 1939-05-17
Air Express Revenues Up
Sharply Over Year Ago
Special Dispatch to The Star.


NEW YORK, May 17.-Gross reve-
nue. from air express on a Nation
wide scope for the first quarter of
1889 increased 204 per cent over
the corresponding period of 1888,
the Air Express Division of Rail
way Express Agency reported today.
Shipments for the three-month
period increased l7.9 per cent to a
total of 185,084.
Gross revenue for March was up
22,o per cent over March, 1888, the
report said. Shipments for the
month totaled 71027, an increase
OF PAS per cent over the correspond
ing month a year ago.
Evening star., 1939-05-17
Lower Net Reported
By Louisiunu Lund
BY the Associated Press.

BY The Associated Press.
NEW YORK, May l7.-Louisiana
Land & Exploration Co. reported net
profit for the quarter ended March
81 of $228,l43, equal to cents a
share on common stock, compared
with S453000, or IS cents a COM
mon share, in the first quarter last
year. Company is engaged chiefly
in the oil business.
Evening star., 1939-05-17
$2.25 Regular Dividend
Announced by A. T. & T.

By the Associated Press.
NEW YORK, May 17.-Directors
OF American Telephone e. Tele-
graph Co., today declared the reg
ular quarterly dividend of s225 a
share on capital stock, payable
July Is to holders of record June Is.
Evening star., 1939-05-17
Washington Exchange

SALES.
Potomac Electric Power 51a% pfd.-
5 at 113.
Mergenthaler Linotype-5O at 1871
AFTER CALL.
Capital Traction $500 at o.
Evening star., 1939-05-17

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, but should in
dlcate approximate prices.
Evening star., 1939-05-17
New York Rubber

NEW YORK. MAY II P,.-crude rub
per tut9res opened I higher; May. 10000:
July, 10. oh September. l6.11b b Bid
Evening star., 1939-05-17

Quotations furnished by investment
Bankers Conference. Inc, which states
they DO not necessarily reflect actual trans
actions or firm bids or offers. but should
lnaicate aproximate prices and unless
sponsors or issuers " ~
'Asterisk indicates MOT quoted BY spon.
Sors or iSsuerS." l
Evening star., 1939-05-17
FOREIGN Markets

LONDON, MAY II ,.IP.-Activity in a
steady stock market centered on British
also attracted buyers attention following
publication of Unexpectedly large traffic
ngures Commodity shares were quietly
ma1nta!ned. Most trans-Atlantics shaded
lower. Industrials were neglected.
PARIS. May II LP,-Minus signs pre-
dominated in the Bourse today Rentes
ended 30 to 40 centimes lower and Bank
OF France dropped 135 francs Royal
Dutch and Suez Canal were narrowly off,
lures advanced 2 to 10 points today in
response to better overseas cables and
SCARCITY OF, nearby offerings.
down. Weakness in American markets
onset continued purchases of actual wheat
oy United KINGDOM millers
Evening star., 1939-05-17
Investing Companies

NEW YORK, May Il P,.-Investment
Bankers Conference Inc: -
tFinal Quotations)
Evening star., 1939-05-17

Learn the rules and play the game
for safety.
Evening star., 1939-05-17
MISCELLANEOUS

7 Plus extras e2& extra. f3G extra
gSl4 90 extra paid December 20. 1885
2oc extra m 81 so extra. p.5Oc paid
september 20, 1898. So. 90 paid in 1888
So 90 paid so far this year.
Evening star., 1939-05-17

Chevy Chase Club 1st 4As l04
GO! Country Club 1st 4As lO3 :
Ter Rel 4 VIII Corp 1st 4hs LOG
Evening star., 1939-05-17

New York Bar Silver
NEW YORK, May II R.-Bar
silver, 42A, unchanged.
Evening star., 1939-05-17
Insurance Stocks

NEW YORK, May II R.-Investment
RaOkers Conference:
Evening star., 1939-05-17
BONDS

PUBLIC UTILITY
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-08
Movie Notes
NEW TEAM

Jackie Cooper and Betty Field
are today teamed for the second
time in Seventeen" Paramount
production adapted from the Booth
Harrington classic, having also ap-
peared together In what Life"
for the same studio.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-08

play, begins an engagement of 4
days at the Loew-Poli Theater this
afternoon.
The story, dedicated to the
amusement of men and women alike
shows the fair sex In all Of its
moods and with all of its foibles.
1t finds her In swank beauty salons,
in exclusive gown shops, in the priv
acy Of boudoir and bath. 1t thrusts
at her inclination to gossip, and
lauds her ingenuity.
Norma Shearer, appearing In the
first modern society role she has
done since "Riptide,' Is seen as
Mary Haines, whose faith In her
husband and love Is given a terrific
blow via the word-to-mouth cam
paign staged by Rosalind Russell as
Sylvia Fowler, arch gossip. Joan
Crawford portrays the heavy
Crystal Allen. the initial character
ization Of this type in which she
has appeared during her entire
screen career.
The remainder OF the 1856 women
In the cast were drafted from TOP
names of both stage and screen and
include Mary Boland, Paulette God
dard. Phyllis Povah, Joan Fontaine
Virginia Weidler, Lucille Watson
Florence Nash, Muriel Hutchinson
Esther Dale, Ann Morriss, Ruth
Hussey. Dennie Moore, Mary Cecil
Mary Beth Hughes. Virginia Grey
Marjorie Main, Cora Witherspoon
and Hedda Hopper.
The second big hit on the pro-
gram depicts the newest and most
exciting adventures Of that SUPER
sleuth, Mr.. Wong, as portrayed by
Boris Karloff in mfr. Wong In Chi
natown."
Girls, do you think that you re-
semble In any way, Rosalind Rus
sell, Waterbury's own gift to Holly
wood? II you are Of this belief,
don't hesitate - obtain an entry
blank at the box office of the Loew
Poll Theater and compete In the
city-wide contest to find a double
for Rosalind Russell, this contest be-
ing sponsored by the Loew Poll
Theater.
Watch for Loew's New Season Ca
ravan inaugurating the Loew-Poli
New Season OF Hits for l939-40,
which will bring you hit after hit,
week after week, In the biggest en-
tertainment parade ever to be pre-
scented,
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-08

men; Binnie Barnes as q volcanic
dance hall queen and John Cara
dine as the proprietor Of the Pal
ace of Pleasure, where q shooting
was always in order.
Many other Aim favorites are In
cluded in the supporting cast Of
this spine-tingling drama Of the real
OLE west.
Co-featuring the program will be
Chicken Wagon Family" starring
Jane Withers, Leo Garlic and Mar
jorie Weaver in another wild roll
licking adventure.
Coming to the Strand on Wednes-'
day is another fine twin bill with
-Four Feathers" starring Ralph
Richardson, c. Cubrey Smith and
John Clements, as the headliner. On
the same program will be Miracles
For Sale" with Robert Young and
Florence Rice In the co-starring
leads. Following this excellent pro-
gram will be an array of SUPER
productions such as when Tomor-
row Comes, Captain Fury, "Stan-
ley and Livingstone" and Million
Dollar Legs
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-08
TOMMY TUCKER TO
PLAY BRIDGEPORT
F a m Gus Hollywood Or
chestra at Ritz Ball
room Sunday

"rick Took, Tick Tock," It's Tom
my Tucker time at the Ritz ballroom
in Bridgeport, Conn.,. Sunday, Sep
TENDER 10th, when Tommy Tucker
brings his lads and Amy Arnell to
play for dancing. From Hollywood
town Tommy Tucker has played his
tunes across the length and breadth
of the land to the Hollywood res
taurant on Broadway where he
played for MICS enormous floor
show, tucking in a few broadcasts
on CHS weekly.
His unique theme song, IT Love
You" is a signal for good music.
Tommy's Hollywood successes in
clude playing In motion pictures
starring Jackie Cooper, Eddie Can
tor, George Raft, Judy Garland and
a host Of others. Lovely Amy Arnell,
his singing lady is Portsmouth, Va,
miss who Is not only attractive but
an artist as we'll.
There is dancing every Thursday
and Saturday at the Ritz with the
Casa Ritz orchestra. The celebrated
Casa Iona band with Glen Gray,
Kenny Sargent and Pee Wee Hunt
will be heard Sunday, September
18th,
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-08

the screen at the Strand on Sunday
with Randolph Scott and Nancy
Kelly in the leading roles.
This stirring production tells the
vivid story of the wickedest, widest
town Of the old west, where life
wasn't worth q lead nickel until a
gun-fighting marshal brought in the
law at the shooting end Of a six
gun.
Scott has a colorful role at wyatt
carp, the gun-f1ghting marshal, who
brought in the law at the end of his
six-gun and stayed alive because no
one ever beat him to the draw The
lovely Nancy Kelly is cast as the
beautiful, brave. unflinching girl who
followed Doc Holiday, the elegant
gambler and deadly killer, who for
reasons of his own, had dropped
his useful life back east to Tomb
stone, bitter, desperate man, watt
ing for death.
Others who are prominently fea-
tured in this exciting production
are Cesar Romero as Doc Holiday,
elegant gambler and deadly killer,
idol Of the women and terror of the
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-08
Promising Pictures Feature Programs OF Local 7heaters
| I'm NAME ONLY
COMES TO STATE
Romantic Drama Begins
Four Day Engagement
This Afternoon

One hour and forty minutes OF
delightful and exhilarating enter
tainment is promised theatergoers
attending Warner Brothers State
Theater this afternoon, when the
romantic drama I'm Name Only
opens its four day engagement.
Carole Lombard, Cary Grant and
Kay Francis, a threesome that few
films have duplicated for star power
are cast in the starring roles. Their
parts in this stirring dramatic en-
tertainment are a startling depart
ure from their recent characterize
tons, but reminiscent of their early
fame winning portrayals.
1t is a sincerely-told story and
concerns itself with selfish, mer-
cenary woman who has married a
wealthy young man for whom she
has no love whatever. BY the time
he learns what his wife Is really
like she has firmly intrenched her.
self in the affections Of his unsus-
pecting parents.
He does nothing about his MARTA
difficulties until he meets a charm.
ing young widow and falls. in love
When he asks his wife for his free
dom she refuses, having no inten-
ton of giving up her secure position
and her prospects.
Out Of this impasse the story
climbs to gripping dramatic height.
with splendid performances of the
three principals aiding vastly In
building its realism and emotiona
appeal.
Miss Lombards work as the "othel
woman" and the portrayals of thu
married couple by Grant and Mis-.
Francis are superlative, ranking
among the finest of these three fav'
orites. Supporting players ar,
equally notable, particularly Charlie!
Coburn, Helen vinson, Katharin,
Alexander, and Jonathan Hale.
All In all here is movie enter
tainment you must not miss. Re.
member 1t opens today at the State
And on the same show as tn,
second big treat is Torchy Blame
| AASSS SNSAsAAib udNChtuASp 4OkSli.
Plays With Dynamite.
Especial interest attaches to thi
particular Torchy picture, becaus
1t brings to the screen anothe
actress In the role Of the femm
newshawk. She is Jane Wyman
one Of the fastest advancing stars il
Hollywood. Also new to the cast
Allen Jenkins who takes the par
OF Lieutenant Steve Mcbride. Ton
Kennedy and Sheila Bromley ar
seen in supporting roles.
On Tuesday the State will presen
a show that everyone has been wait
ing for, winter Carnival" with Am
Sheridan, Americas original "omph
girl in the leading role. On tn
same program will be a Bulldoi
Drummond thriller Bulldog Drum
mond's Bride" with John Howar,
and Heather Angel. Coming sool
to the State is John Garfield Il
Dust Be My Destiny. Watch tn
newspapers for further announce
ment.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-08

New Zealand claims to have one
automobile to every six persons.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-08
NO OPERA EITHER

Paul MUM likes to rib Cameraman
Tony Claudio about Italy. He es-
pecially delights in telling Of the
time he went for a gondola ride in
Venice, expecting to hear a magnif-
icent operate serenade. The gon-
dolier sang Eyes, We Have No Ba-
nanaS."