davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-05-18
British Exports TO U. 5.
Show Big Increase
BY the Associated Press.

BY the Associated Press.
LONDON, May ia big Jump
in British exports to the United
States for the three months begin
ming January l, when the British
American trade pact went into effect,
was reported by the Government.
Replying to a question in the
House of Commons, Ronald Cross.
parliamentary secretary to the Board
Of Trade, said:
During the first three months of
1889 exports of United Kingdom
goods consigned to the United States
were valued at $685. 900 (about s32.-
22l800). an increase of 1892 900
(s8 995 ,000), as compared with the
first quarter of 1898.
corresponding figures for re-
exports to the United States were sl =
$4,000 (s9,131,00O) and $4,000
(s1,4930 000) respectively. 1t should
be borne in mind that exports to the
United States were at an unusually
low level at the beginning of 1888"
No figures were given on imports
Of American goods.
Evening star., 1939-05-18
Chicago Livestock

CHICAGO, May 1s lP.-CUnited States
Department of Agriculture = Salable
hogs. 5000; early trade steady to, 10
higher than Wednesdays average: later
market mostly steady: top, 7.25 sparingdlyy:
20: 2650-29o pound butchers. 6.s5-7 J0:: l0::
most 30o-350 pound averages 65u-su
good 350-50O pound packing sows, 5.5C-
6.15: lighter weights UP to $40:
Salable cattle 5,000 liable calves,
1900; steer and yearling trade verv slow
yearling and yearling type light steers
scarce; steady: medium weight and weienty
kinds dull; weak to 25 mostly 10-1 )
down: fed heifers steady: all grades cows
fully steady and measurably higher than
week ago: bulls weak to Is lower: vealers
20 higher: medium to good grade steers
predominated: few early sales, Pol .33;
nothing strictly choice here: heifers seal
ing s55 peunds sold up to 1918; practical
top, weightv sausage bulls. 7.25;. selected
veslers: .11o5; mostly 1850 to 100
fed lambs a5D5o lower ,gotii than early TuasdaS
best fed woolskins. $40. others, 900: best
CLIPPERS, s75: some. at $50: spring lambs
steady best California 1000: Clipped
California. $50: fat sheep weak to 25
lower; bulk medium weight and heavy
ewes. 1904 90: today's early trade fairly
active; around steady on all classes fed
Western "a pound wool lambs. 9 90: handy
weight fed clippers. 8.75: three decks South
west 67-pound springers, 1925: with little
sort; SORT small lots handy weight fed ewes.
Evening star., 1939-05-18
Steel Trade Cuts
Quotations on
Carbon Bars
BY the Associated Press.

CLEVELAND, Ohio, May 18.-
Daily Metal Trade today says:
A leading producer at Chicago
late yesterday announced a reduc-
ton of 81 ton on cold finished
carbon bars, accompanied by minor
revisions in quantity deductions and
extras. The new base price is 2.65
Pittsburgh, Cleveland, Chicago
Gary and Buffalo, and 2.7O Detroit
Reaff1rmation of steel plate prices,
among several others, by several
producers for third-quarter delivery
has had the effect of clarifying an
unsettled price situation in plates
in the Eastern market. Shading has
been going on for some time; last
week it broke out into the open
Extension of second-quarter prices
has caused the lower offers to dis
appear.
Plate business in the Eastern dis
trict has been especially active re-
Gently and new inquiries are ap-
pearing in good volume.
Evening star., 1939-05-18
Argentina Accepts
Plan 10 Stimulate
Imports Of u. 5. Cars
Manufacturer Consent
Is Necessary Now to
Conclude Deal
BY the Associated Press.

BY the Associated Press.
BUENOS AIRES. May 18.-The
government accepted today a pro-
posal by importers of United States
automobiles to buy Argentine treas
ury notes in return for a larger i'm
port quota.
Consent of United States manu-
facturers is necessary to conclude
the deal. Some already have agreed.
Finance Minister Pedro Groppo
said the agreement with importers
was "in no sense a solution" of
strained commercial relations which
"can be solved only through an in
crease Of our exports" through some
form of commercial reciprocal
treaty.
Way Open to Negotiations.
United States imports have been
decreased to almost nothing under
exchange restrictions applied since
January l, and there was a feeling
among some importers that a way
now was opening for negotiations to
ease the situation.
Under the plan accepted for auto
mobiles, importers would buy Ar
gentine treasury dollar notes to the
value of their imports and hold
them for redemption, possibly in
three annual payments.
This plan was adopted, Groppo
said, rather than an original plan by
which manufacturers in the United
States would be required to hold the
notes. 1t still was not clear, how
ever, whether the manufacturers
now would receive United States
dollars for their sales to the import
ers at once or within three years.
Discount Plan Considered.
The government was said to be
considering an arrangement by
which small importers, at least,
could discount their notes through
United States banks.
1t was said in automobile circles
that General Motors was ready to
subscribe S2,800,00O worth of notes
and International Harvester $780,
900.
Central Bank authorities thought
Ford, Chrysler and others would
subscribe to large amounts for a total
of 100000, and that small i'm
porters" would share a $4,000, 900
subscription.
Evening star., 1939-05-18
General ShurehoIdinqs
Declares Dividend
Special DiSnatch 10 The Star

NEW YORK, May 18.-Directors
of General Shareholdings Corp. have
declared dividend on the s6 cumu-
lative convertible preferred stock
toptional stock dividend series pay
able June l, 1899 to shareholders
of record at the close of business
on May %, 1885, as follows:
In common stock of the corpora
ton at the rate of 44-100Oths of one
share of common stock for each
share of Sc cumulative convertible
preferred stock Optional stock divi-
dend series) so held; or
AT the option of the holder (exer-
disable only as set forth below, in
cash at the rate of one dollar and
fifty cents tS150) for each share of
Sc cumulative convertible preferred
stock Optional stock dividend series
so held"
Evening star., 1939-05-18
Plymouth Oil Votes
Extra Dividend in
Common Shares
z Per Cent Payment
Declared in Addition
To Regular Rate
By the Associated Press.

By the Associated Press.
NEW YORK, May l8.-Directors
of Plymouth Oil Co. declared an ex-
ira dividend of 2 per cent in COM
mon stock, in addition to the regular
quarterly cash payment of 35 cents
on common stock, both payable June
80 to holders of record May 20.
Pullman, Inc.
Directors of Pullman, Inc, de-
clared a regular dividend of Is
cents, payable June Is to stockhold-
ers of record May 26. This was the
same as paid March IS and brought
the total dividend payments for the
year to so cents.
Pennsylvania Salt.
Directors Of Pennsylvania Salt
Manufacturing Co., makers of in
dustrial chemicals, ordered a quar-
terly dividend of SITS a share on
common stock. payable June Is to
holders of record May 81. On March
Is dividend of 81 was paid.
Standard of Ohio.
The Standard Oil Co. of Ohio de-
clared today a quarterly dividend
of rs cents share on its common
stock, payable June Is to holders of
record May 81.
Evening star., 1939-05-18
Motor Sales Pushed,
Production Is Held
In Perfect Balance
Plants Assemble Almost
Exactly the Number
Being Sold
By the Associated Press.

BY the Associated Press.
DETROIT, May l8.-Trying to keep
retail sales of new cars at the
highest possible level until the end
of the current model season, pro-
ducers generally are eXerting extra
pressure on their sales division, en-
couraged by the fact there is at
the moment no serious used car
problem to hamper distributor ac-
tivities.
At the same time the industry S
manufacturing division appears to
have reached a perfect balance be-
tween sales and production, as
sembling almost exactly the num-
ber of new units the merchandising
division is able to pass on to buyers
Producers who looked forward tC
1899 as a possibly normal year in
the motor car industry currently
are basing their outlook upon hope
rather than expectation, admitting
figure largely in determining how
close the years final figures will
come to their earlier expectations.
Some observers of the manufac-
turing and distributing divisions OF
the industry who have watched the
production and merchandising OF
automobiles through years Of vary
ing conditions of buying capacity
and consumer interest, say the mar
ket for motor vehicles has not been
oversold, but that there has been a
Tightening up of purse strings un-
looked for at the beginning of the
current model year.
Leading manufacturers have de-
clined to discuss reports that there
would be an early conclusion to the
present model season. These re-
ports have been heard at intervals
over the last eight or ten weeks.
An early termination of present
model production undoubtedly will
mean the appearance of many 194O
types well in advance of the ma
tional automobile show in October
The most enthusiastic of the trade
authorities look for a continuance OF
present production levels until the
end of June, after which, they say
a sharp tapering off if not a COM
plete suspension in some factories
may be expected.
Despite the better condition OF
used car stocks, the industrys lead
ing manufacturers are continuing
the pressure to keep these older
models moving out of dealers hands
TO the end that whatever the next
few weeks may bring, retailers in
ventories may be kept in the best
possible condition.
Evening star., 1939-05-18
Raybestos Mammalian
Earns S316,4O1 for
First Quariel
Net Compares With
Sl7l,448 Loss During
Same 1888 Period
BY the Associated Press.

BY the Associated Press.
NEW YORK, May 18-Raybestos-
Manhattan, Inc, makers of rubber
and asbestos products. reported to-
day for the March quarter net profit
Of S3l6,40l, equal to SO cents a share
on capital stock.
This compared with net loss of
S171,448 in the 1888 quarter. Com
pany's principal domestic plants
are in Connecticut, New Jersey,
Pennsylvania and Wisconsin.
Consolidated Oil.
Consolidated Oil Corp. operated
at a small loss in the first quarter.
Harry F. Sinclair. chairman of the
Executive Committee, told stock
holders at the annual meeting. This
result, he added. took no account
of dividends received from other
companies in which Consolidated
has stock interests. He asserted
earnings were affected by high costs
of crude oil and low prices" re-
ceived for finished products.
Sinclair said he would recommend
continuance of the present dividend
OF 80 cents annually on the common
stock.
Mcintyre POrcupine.
Mcintyre Porcupine Mines. Ltd.
reported for the fiscal year ended
March 81 net profit of S3,7l2.940,
equal to S4.65 a share of capital
stock. This compared with S3.597.-
8l8, or $4.5l share, in the preced-
ing fiscal year.
Cleveland Cliffs.
The Cleveland Cliffs Iron Co. re-
ported net loss of $128,795, after all
charges, for the quarter ended
March 81. This compared with net
loss of S70,470 for the corresponding
period in 1888. Cliffs Corp, hold
ing company for Cleveland-Cli
Iron Co. common stock, announced
earnings of $45,528 for the first
quarter of 1899, compared with
S93,084 earnings for the same quar-
ter last year. Officers of both COM
panieS were reelected.
American lairIines.
American Airlines, Inc, reported
a net profit of S23 3,80098 for the
first quarter ending March 81 as
against net loss of S232 ,OO8.39 in
the same period of 1888 The num-
Der of revenue passengers flown
gained 35l per cent, from $685.
to 1921, and passenger miles gained
29.9 per cent, from 24,561,373 to
31.909,5 ,563.
Expenses for the first quarter this
year were S2,27O.69l.48 as against
S1,980,95039 the first three months
last year. Income before obsoles-
cence and depreciation, interest and
Federal taxes was 1898 507.9O, COM
pared with Sl95, ,72151, a gain of 70
per cent.
Evening star., 1939-05-18
London Bank Report

LONDON, May 1s R-Bank of Eng
Of pounds: Circulation. 4936l9; aecreasc'
2.274; bullion. 226,790; decrease -; re-
serves. 43171; increase. 2,202: public de-
deposits. 143 464; increase. $500: gov.
ernment securities. 1851; decrease. SIS:
other securities, 81 345; increase. / 800.
Ratio of reserve to liabilities, so 4 ner
cent. compared with 1877 last week. '
Evening star., 1939-05-18
Virginia Bankers
Told Of Variations
In Trust Fees
Gilbert Stephenson
Is Among Speakers
On Ocean Liner
BY the Associated Press

BY the Associated Press.
ABOARD S. S. QUEEN OF BER-
MUDA EN- ROUTE TO NORFOLK,
May 18.-Gilbert T. Stephenson, di-
rector of trust research for the
American Bankers Association, told
Virginia bankers in an address pre-
pared for delivery today that a
study now under way showed "as-
founding variations" in the amount
of trust compensation for similar
services, even in the same trade
area.
In the Fifth Federal Reserve Dis
trict, which embraces Virginia, he
said, for example, executors and
administrators commissions varied
from 10 cents to $8980 per $1,000
handled The preliminary report
did not take into consideration diff
ferenceS in the size and nature of
the accounts, he said.
On the program of the Virginia
Bankers Association at the outset
of the homeWard voyage of a con-
vention cruise, Stephenson reported
that los of the 332 banks in Vir-
ginia had trust departments, and
that trust assets of the departments
of 83 of them were less than l,0OO,-
900 each.
Continuing a discussion launched
recently at Charlottesville at a
bankers conference, he said his
remarks were concerned chiefly
with the % Virginia banks with
a million-dollar or larger trust de-
partment.
Duty to Stockholders.
He said bank with a trust de-
partment had two definite obliga-
tions to its stockholders: First, to
conduct trust business at a profit,
and second. to keep itself free of
liability for losses from breaches
of trust.
IF the bank with a trust depart
ment is to discharge its obligation
to its stockholders to put trust busi-
ness on paying basis" Mr. Stephen
son continued, 1T must do three
things, First 1t must find out what
it is costing to do each kind of trust
business. Second, it must work out
schedules of compensation for each
kind of trust business that will
yield a reasonable profit Third, it
must apply and live up to those
schedules consistently, courageously
and conscientiouSly."
A paying trust business must be
on the basis of cooperative effort on
the part of trust institutions in a
given trade area, he declared.
Schedules of compensation, he said
must be on the basis of cost-analysis
and not on gueSsWork. He suggested
that the trustees compensation
should be based, half and half, upon
income and principal, plus allow
ance for the activity of the account
and the degree of responsibility. as
sumed in handling the account.
Personal Service Stressed.
Mr.. Stephenson advocated banks
operating trust departments develop
ing property management facilities,
making its service as personalized as
possible and to see to it that they
provide the trust service the people
need.
How can the banks of Virginia
discharge their obligations as trust
institutions to their stockholders"
he asked. Simply by applying to
the conduct of their trust depart
ments the care, the skill and the
prudence of the reasonably careful,
skillful, prudent person, individual
or corporate, that makes business
of rendering trust service. Less than
this bank cannot afford to offer.
More than this it is not required to
offer"
Evening star., 1939-05-18
Boston Wool. Market

BOSTON, May 1s LE9 Omitted States
wool continued quite active on the Boston
market today despite hesitation on the
part recenfY OF rcss Iy
good French combing length fine territory
woods in original bags were inclined mostly
to the high side Of the range; 65-67 cents,
Lots running good French combing and
staple combing length fne territory woods
in original bags were bringing $3.50 cents,
secured basis, delivered.
Evening star., 1939-05-18
Foreign Markets

LONDON. May 1S R.-Demsnd for
British government bonds again buoyed the
versing the recent trend. moved forward.
lift in tobacco stocks featured the in
dustrial division. European b--ds were
MODIFY shares and domestic rails drifted
at unchanged levels. although a little sup
port appeared for some colds.
Evening star., 1939-05-18
T obucco Markets

Average prices for tobacco sold on the
Southern Maryland auction markets on
May IL 15 and 16 were higher on the
majority of qualities than those received
for sales on May 10 and II. reports the
Bureau Of Agricultural Economics
Prices were particularly stronger on the
qualities Of bright crop and dull crop
Prices on individual lots this week ran
as high as S3S per hundred for several
lots Of fine quality bright crop. Heavy
bodied tobaccos in fair and low qualities
predominated. Sales on the three DAYS
totaled around 10000 pounds. Rejec-
tions decreased
Average prices per 100 pounds by
Qualities and approximate ranges on bulk
OF sales follow:
Evening star., 1939-05-18

election b Elm e
announced b Y
President Frank
J. Stryker.
M r. Fadeley
sue e e d S his
father, Charles
F. Fadeley, who
served the bank
as a d ire C tor
from July 9, 1918,
to the time of his
death in March
of h e present
year, a period of
81 years.
M r. Fadeley
o,o I
Evening star., 1939-05-18
Lumber Figure Rises
II Pct. Over 1893
BY the Associated Press.

BY the Associated Press.
The Lumber Survey COMMITTEES
Of the Commerce Department esti.
mates the Nation will consume or
export 11,500,00G, 900 feet of lumber
In the first half of 1899, exceeding
last years figures by IT per cent.
The report stated that the ma
tional lumber stock declined AZ per
cent to 100000, 900 in the first quar-
ter of the year. 1t described low
cost housing as the brightest pros
pect for new lumber consumption.
Evening star., 1939-05-18
Metal Market

NEW YORK, May Is Rp.-Copper
steady; electrolytic spot, lo.00-lO50, ex-
port, 9.95-l .03. Tin steady; spot and
nearby. 4a.O0; forward 4s37. Lead
steady; spot, New York 415-SO; East St.
LOUIS, $50 Zinc steady; East St. Louis
spot and forward, $50. Quicksilver. S5 90
$500. Pig iron, aluminium. antimony
platinum and Chinese wolframite un-
Evening star., 1939-05-18

wholesale coal business conducted by
his father in September, 1918, and
became partner in the business in
1925. He is also a partner in the
Colonial Fuel Oil Co., which was
established in 1895.
A native of Washington. he at
tended the public schools, including
Central High School, and later
graduated from George Washington
University.
Evening star., 1939-05-18

Quotations furnished by Investment
Bankers Conference Inc, which states
they do not necessarily reflect actual trans
actions or firm bids or offers. but should
otherwise indicated. are as quoted by the
SPONSORS or iSsuers.
"Asterisk indicates. Not quoted by
SPONSORS or issuers'
Evening star., 1939-05-18
Fadeley Assumes Duties
AS Columbia Director

Fenton M. Fadeley, newly elected
director in the Columbia National
Bank, will assume his duties as a
member of the board at once, his
Evening star., 1939-05-18

Also extra or extras.
Quotations furnished by Investment
Bankers Conference. Inc, which states
they do not necessarily reflect actual trans
actions or firm bids or offers, but should
indicate approximate prices.
Evening star., 1939-05-18
Worehousing Figures Same

The Census Bureau estimates 70.4
per cent Of the operated public
merchandise warehousing space in
the United States was occupied at
the end Of March, the same as the
the end of February.
Evening star., 1939-05-18
Investing Companies

NEW YORK. May Is CP,.-Investment
Bankers Conference, Inc:
moon quotations
Evening star., 1939-05-18
Rubber Futures

NEW YORK. Nav IS F-crude rubber
futures opened 8 to g lower. Nay, 15.96a;
July, 1900; September. 1906
Evening star., 1939-05-18

Chicago, Milwaukee, st. Paul g.
Pacific Railroad-March quarter
deficit was S4,979,744 against deficit
of $500 SOL
Evening star., 1939-05-18
Building Awords
! Up p Per Cent
From Year Ago
BY the Associated Press

BY The Associated Press.
NEW YORK, May 18.-Engineer-
ing contract awards for the week
ended Tuesday totaled $56,0130O0,
up 7 per cent from the previous
week and % per cent greater than
year ago, Engineering News-Rec
ord reported today.
Construction awards for the year
to date have aggregated $l,223 ,507,-
Ooo, a 22.5 per cent gain over the
first two weeks of 1888.
Details follow:
Evening star., 1939-05-18
Insurance Stocks

NEW YORK May 1s R.-Investne
Bankers Conference. Inc:
Evening star., 1939-05-18
Dividends Announced

NEW YORK. May 1S-Dividends de-
clared-prepared by Fitch Publishing Co.
Initial.
The Coolidge examiner., 1939-04-06
County Supervisors
Request Better
Care for Highways

At the Board of Supervisors
Meeting last Monday several COM
plants were made by irate citizens
over the fact that the highways
were being cut up by farmers III
towing their farm machinery or
dragging it over the newly bladed
roads, making it unusually hard
upon automobiles that are required
to use the same highway. 1t was
pointed out that it was just as
CONVENIENT to haul the machinery
on the side of the road and save the
highways, as it was to use the
highway itself, and also that a
little more care in lifting the ma
chinery off the ground would be a
big help if they did insist upon
using the road. However the
whole matter could be easily
settled if a little road courtesy
would be used by those who are
required to use the highways in
transporting their machinery from
place to place, and it would no
doubt please the Supervisors, who
have the worry of seeing to it
that the highways are kept in the
best of shape.
The Coolidge examiner., 1939-04-06
Geneva Limbaugh
Publishes Book

The publishing house of Mcknight
&c Mcknight at Bloomington, H..
this week released Moonlight and
Rainbow, a story of Navajo IT.
dians written by Mrs. Geneva
Limbaugh Rhodes who lives at
Blackwater where her husband
James r. Rhodes, is a teacher in
the day school.
The book depicts in intimate and
rhythmic style the Navajo way of
life as page by page the plot I'M
folds the theme of the book is the
naming in true Navajo fashion of a
small Navajo boy and his sister.
Since all except 26 of its 273 words
occur in the Gates Primary Word
List, the book is most appropr st
for a supplementary reading text
In high. first or low second grades:
still its content is so informative
and its illustrations so attractive
as to make It a delightful library or
story book for any child between
the ages of five and ten years.
Narcisco Abyta, Navajo student
of art at Santa Fe Indian School,
has added atmosphere and unique
beauty through his Interpretation
Of the story in line drawings and
colored paintings-all representa-
tive examples of true Navajo art.
The theme is also greatly enhanced
by many design motif employed by
the Navajo people and by three
good photographs of Navajo life.
Mrs. Rhodes, who has taught in
both Indian and Public schools, has
lived among Indians for twelve
years, seven of which she spent on
Western Navajo Reservation in the
northern part Of the stae. When
asked why she wrote the book Mrs.
| Rhodes repl1ed tnat Sne always ndu
wanted to write book, that her
mother always had expected it OF
her, and that her experiences as
a primary teacher and the mother
of three children had convinced her
that there is a very definite need
for books Of this type in present
educational and literary fields.
Copies of the book may be OBJ
tanned by writing direct to the
publishers or from the Hines Drug
Company.
The publishers of the book in
form Mrs. Rhodes that the book
is going over in the east with
tremendous success.
The Coolidge examiner., 1939-04-06
Miss Ellen Williams
Engagement An
nounced to Phillip
Claridge

Mrs. A. r. Wichtrich, gave a
delightful breakfast party at the
Arizona Inn in Tucson, Sunday. an
nouncing the engagement of her
sister Miss Ellen Williams to MIR.
Phillip Claridge, local attorney.
The attractive bride, who is teach
ing in the Stafford High School, IL
a graduate of the Arizona State
Teachers college at Tempe. Mr..
Claridge attended the University
of Southern California, and Is a
graduate of the law school of the
State University. He has been
practicing law in Coolidge for the
past four years, takes an active
part in all civic affairs and is held
in high esteem by all who know
him. Those attending the announce
ment party from Coolidge were:
Miss Helen Fulkerson, Mrs. W. D.
Johnson and Mrs. w. D. Kirby. The
wedding will take place in the
latter part Of May.