davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-05-25
Committee Approves
Bill for Cooperation
With Southern Nations
Senator Johnson
Questions Authority
For kicoroeuon Loon
BY the Associated Press,

BY the Associated Press.
The Senate Foreign Relations
Committee yesterday approved q
bill by Chairman Pittman author
izing cooperation between this Gov
ernment and 81 South and Central
American nations in certain civil
activities.
Senator johnson, Republican, Of
California, who opposed the meas
ure, raised the question whether
Bolivia, one of the "21 republics"
designated in the bill, was actually
a republic.
Assistant Secretary of State
George S. Messersmith was reported
to have told the committee the form
Of Bolivia's government had no
bearing on the measure under con-
sideration.
Senator johnson said later he
asked Mr.. Messersmith to cite the
authority for certain agreements
entered into by President Roosevelt
with President Somoza of Mica
ragua. The State Department Off
cial said he had no knowledge Of
these agreements.
Mr.. Roosevelt and the Nicaraguan
President agreed on extension of an
undetermined amount of credit by
the Export-Import Bank for high
way and other improvements in
Nicaragua. They agreed also on CO.
operation to develop non-competi-
tive agricultural products in the
Latin American country.
Evening star., 1939-05-25
Bank CIearings Hold
125 Per Cent Gain
Over Year Ago
Show Rise Despite
Decline From Level
Of Previous Week
By the Associates Press,

By the Associated Press.
NEW YORK, May 25.-Bank
clearings for the week just ended
were again larger than in the cor
responding 1888 period, although the
Z volume went slightly under that for
the week preceding.
Total clearings for % leading
cities. according to Dun g. Brad
street, Inc, amounted to $4,985,-
936,000 for the week ended May "a.
This contrasted with $4,432 ,257 900
for the same 1888 week, an increase
OF 12.5 per cent.
The aggregate for the latest week
fell $l49,603,000 under the total for
the May II week, while the drop be-
tween the two similar weeks of 1898
was $518,210,OOO.
At New York, clearings totaled
S3,014,024 900 for the week, against
S2,654 ,266 900 last year, giving a rise
OF 1876 per cent. The 81 outside cities
furnished the sum of S1,971 ,912, 900,
= or a gain of 1913 per cent above the
S1.777 ,991 600 recorded a year ago.
Small year-to-year declines were
g reported at Buffalo. Cleveland and
San Francisco. The more important
advances at other outside centers
, included: Atlanta, 269 per cent;
Detroit, 24.6 per cent; Louisville,
2l.3 per cent; Philadelphia, 1879 per
= cent; Baltimore, ITO per cent; Seat
tie. 16.0 per cent; Portland, Greg,
15.7 per cent, and Omaha, $50 per
cent.
Bank clearings at leading cities,
together with percentage changes
from a year ago, follow; also, the
daily average bank clearings for the
months of March, April and May to
date:
Evening star., 1939-05-25

SALES,
Evening star., 1939-05-25
Bituminous Output
Up Sharply in Week

The National Coal Association.
from incomplete car loading reports
from the railroads, estimates btu
minous coal production in the United
States for the week ended May 20
as approximately 100000 net tons.
Production for the corresponding
week: 1898, 4,954,000 tons; 1887,
1897 900 tons. Percentage of change:
1888, increase, so per cent; 1887, de-
crease, 297 per cent.
The report of the National Btu
minous Coal Commission shows pro-
duction of 2,752 900 tons for the week
ended May and 100000 for the
week ended May l3, 1889.
Production calendar year to May
20: 1939-124,466O0 900 tons (subject
to revision) corresponding period,
193s-l21, ,4O7 900 tons; increase, 25
per cent.
Evening star., 1939-05-25
$50, 900, 900 q Year
Subsidy to Be Uroed

NEW YORK, May 25.-The Rail-
way Business Association yester-
day made public a report which
its president, Harry A. Wheeler, ex-
poets to present to the Senate today,
urging five-year Government loan
subsidy program of $55O0OO,000 a
year to modernize railway ways,
structures and rolling stock.
The Railway Business Association
is an organization supported by
transportation equipment makers
and sellers. Its views do not always
coincide with those of the railways
themselves.
Careful analysis shows, says the
report, that EIGHT years of prolonged
depression and financial stringency
have taken toll of the railway plant
IN the form of accumulated under
maintenance estimated to approx
mate 81 900 100000 in way and struc-
lures, and $500, 100000 in equip
ment."
Present supply of freight cars and
locomotives is inadequate to meet
peak traffic of 1867. the report said.
Fullest possible repairs to equip
ment now functioning would be in
sufficient to carry loads of 10 to IS
per cent over '36-7 peaks without
big additions of new equipment, the
study reported.
Evening star., 1939-05-25
Millions Now Happy
On Lower Incomes
Special Dispatch to The Star,

Special Dispatch to The Star.
PITTSBURGH, May 25.-Albert
w. Atwood, magazine writer of
Washington. D. c., told the College
OF Life Underwriters here yesterday
that people have found out that
they can live happily on less money
than they have in the past. He
said:
The depression has given us a
new emphasis upon the human per-
sonality, and this far transcends in
Importance any economic or polit-
lcal lesson. Millions of people OBJ
viously have learned that they can
live on less and still be happy. The
material loss, the mental confusion,
the very lack of coherent economic
convictions have turned mems
thoughts to their inner resources,
and this has been an incalculable
gain"
Evening star., 1939-05-25
New York Produce

NEW YORK. May % OP,.-Eges. 25. .5O7;
steady to Arm Mixed colors: Fancy to
extra fancy, 1Sl4-2O; standards. 17s.;
W i4is; dirties rites No T. i4s.; 'e average s Checks.
Whites: Resale of premium marks, 2212-
25. Nearby and Midwestern. premium
marks. 2012-22; exchange specials, 20; ex-
change standards 1S-1S12. Resale of
nearby heavier mediums. 1890. Nearby
and MidweStern. exchange mediums. 16.
Browns: Nearby extra fancy, 1922.
Nearby and Midwestern. exchange specials,
1Si2: exchanee standards, 1s. Nearby,
mediums, 1874.
Duck eggs: Nearby, 16z-20.
higher than extra 25-2594; extra te2
score); 24s4: flrsts tss-9D, 22l2-24h;
Cheese: 96507; Steady. Prices un-
Dressed poultry generally steady. Frozen:
Boxes. chickens. fryers,, 17la-2Q; roastsrs
All fresh and other frozen prices unchanged.
Live poultry, by freight, slow and weak;
Fowls. colored, 10: Leghorns. 1914. Old
roosters, 11-l2. Ducks, 10.
crosses. 1920. Broilers.. Rocks .O-22;
crosses. 1919; Reds, 1917; Leghorns, Is
II. Fowls colored, 1917: Leghorns 15-
IL Pullets. Rocks. large, 25-26; mediums
22-24; crosses, large. 24-25: mediums %
%; Reds. 21.22. Old roosters, 11-12.
Turkeys hens, "a.
Evening star., 1939-05-25
Decrease in Exports
Cuts April Excess
Over Imports
Margin of $44,752,0 900
Still Maintained by
Outgoing Shipments

BY the Associated Press.
United States merchandise exports
dropped IA per cent in April.
Merchandise imports, however, de-
clined per cent in April from the
March total.
Exports still exceeded imports by
$44, ,752 900, making a $217 1872 900 ex-
port excess for the first four months
Of the year. In the comparable
months last year the export excess
was $433 ,949 600.
A fall in cotton, tobacco, grain
and other agricultural exports
caused the decline of exports in
April to $230,947 900, which was IS
per cent less than in the same
month last year. Imports totaled
$186, 1875 900 in April, which was Is
per cent larger than in April, 1893
For the first four months of the
year exports amounted to $3.50 090,-
600 and imports $7l2 ,958 900, con,-
pared with last years 81 100, 786 900
exports and s666 ,837 900 imports
Agricultural exports totaled $37-
636 900 in April, declining 81 per cent
below March and 43 per cent under
April, 1898. Compared with Marcn
April shipments of cotton fell 81 300
600, tobacco declined IS ZOO. 900 ami
grain shipments decreased 81, 500 900
The Commerce Department, which
announced the figures. noted that
imports for April were swelled by
abnormal merchandise shipments
sent from Germany in an effort to
beat the April % deadline when the
extra 25 per cent countervailing duty
was imposed by the Treasury on
German goods to offset the alleged
subsidy effects of Germany's restric-
tive currency system.
April imports from Germany to-
tailed nearly $l9000,000, which was
more than double the amount for
either March, 1899, or April, 1898.
The bigger German shipments be-
fore April % were reflected in i'm
ports of cameras, which increased
from 1926 900 in March to ST ,469 900
in April; in imports of colors and
dies, which jumped from 1923 900
to s1,592,000; in purchases of Ger
man musical instruments, which
rose from s164, 1000 to $818, 900; in i'm
ports of steel pipe and tubes, which
gained from s122,OOO to s1,323,OOO,
and in purchases of intermediate
coal tar products. which increased
from s194000 in March to 81 ,232 900
in April.
Evening star., 1939-05-25
Chicago Produce

CHICAGO, May 25 GP.-Poultry. live,
one car, .52 trucks; hens. steady; springs
Arm 6roiers; coIored; ~ Plymouth Rock
under 2 pounds. i5k: Plymouth Rock
springs. 23h; colored fryers, is: small
colored. ducks. Q: white, 9; other prices
Butter: 1.349.a1s; firm. Creamery %
score, 24K: 90. 23s4: 81, 231z: 90. 23H;
IS: 2234; Ss. 22A; 30, centralized CARROTS.
23ks-h.
Eggs: 46:72e; firm. Fresh graded
extra flrsts local 1917; cars. II: hrsts
local 151a: cars. 16A-h: current receipts
l4R; storase-packed firsts, 17Ha: extras.
Potates. 50; on track. 124: total U, 8.
993: new stock Southern stock slightly
stronger. California long whites about
steady: supplies light. demand moderate:
umphs; o; S. No; l. washed; 2.1o-2o: un-
washed few sales, 1.95-2.00 Louisiana
Bliss Triumphs. U. S No, /, washed. few
sales: 2;1O.20 California long whites, q. s.
No. |, 1.771s-S7la: mostly 1.s0-S5: under
ventilation. IFS: Old stock about steady;
Idaho Russets. demand fair: Northern de-
mand light. supplies light: Idaho Rus
sets, q $, No 1880: mostly around
per cent q. s. No. /. 1.25.
Evening star., 1939-05-25
Florists Telegraph
Association Elects
BY the Associated Press.

STAUNTON, Va, May 25.-Miss
Bessie Tuggle of Martinsburg was
elected president of the Virginia unit
of the Florists Telegraph Delivery
Association at the groups semi
annual meeting here today.
The convention, which opened
yesterday morning and closed with
a banquet last night, voted to meet
in Lynchburg the second week in
November.
T. r. Mitchell of Oyster Point was
elected vice president; E. M. AL
bright of Norfolk, secretary, and j..
Bernard Hobbs of Richmond, treas
urer.
Evening star., 1939-05-25
7 Tobucco Markets

Economics. average prices for auction sales
OF tobacco on the Southern Maryland
markets for the three-day period of May
aVerages quoted for sales on May II and is.
After a weak market on last Friday
some STRENGTHENING in prices was indicated
IN sales on Monday and Tuesday The bulk
OF the good to choice bright crop and dull
crop sold from $50 to S3S, with a few lots
selling for S39 and $40.
Prices on the bulk of the low quality
tips and eranulating seconds ranged from
- to S12: The general quality of the
previous period of May II and Is
Sales INCLUDED more of the better quail
tles as well as larger percentage of thin
bright crop. For the first time since the
opening of sales this season tobaccos Of
thin to medium body were slightly in pre-
dominance.
Average prices per 100 pounds by
qualities and approximate ranges on bulk
of sales follow:
Evening star., 1939-05-25
Foreign Markets

LONDON, May 25 lP.-The stock mar
cabinet agreement on the principle of a
mutual aid pact between Britain. France
and Russia British funds were up W
ming to points or more dotted the trans
Atlantic group German bonds were strong
among European loans. Oils and metals
in the commodity. Industrials moved up
over broad front. Domestic rails were
PARIS.--Aithough prices were strongly
maintained today, dealings in the Bourse
remained slow. Rentes closed 20 to 90
centimes higher and Bank of France gained
40 francs Suez Canal added 1s5 francs
and Royal Dutch was narrowly UP.
Evening star., 1939-05-25
Dry Goods Market

NEW YORK. May 25 R-Despite
broad inquiry for all types of cotton goods
today; Worth street textile merchants re-
ported little actual business was written
advances in cotton futures, were firm.
First announcement of price increase
IN branded hosiery hit silk markets The
price for raw silk ranged from IS cents
to S2.25 dozen pairs
Demand for woolen goods continued on
broad scale with mems worsted suitings
and womens coatings and suitings espe-
cially active. Burlap was quiet and un-
changed Scattered business in rayon was
done at steady prices.
Evening star., 1939-05-25
London Bank Report

LONDON. May 25 LP1.-Bank of Eng
land statement as of May "A Tin thou
sanos of pounds)
Circulation, 494, 564 increase. a45. Bull
lion, 226,T93: increase. 3. Reserves. 32.-
.4s6: Increase. 1854. Private deposits,
Securities, 1885: increase, 45s. 1ser other
securities. 2s.s10: decrease. 1885.
Ratio of reserve to liabilities. 2o4 per
cent, compared with 20.6 last week
Evening star., 1939-05-25
FOREIGN Exchange

NEW YORK. May 25 LP-The Neither
lands euilder recovered most of yesterday s
drop in foreign exchange dealings today.
Guilders were quoted .04 of cent higher
added 0Oa4 Of a cent. UNCHANGED were
the British pound French franc and belgs,
lars, others in cents Great Britain. 4.6SA;
6O-day bills, 467ss; Canada, Montreal in
New York, 99.6sa4; Canada New York in
Montreal 1O0.31l4; Belgium 1924; Den
mark 2O.9l: Finland, 2,O1; France. 2.65;
Germany. 4o.l2H2; benevolent. 20;95; travel,
20a5: Greece .s5Ts; Hungary. II; 20; Italy,
5}74; Norway, 2353; Poland. 1886; Por-
tugal 4,27; Rumsnia. .72: Sweden. - 12h:
Brazil. 6 Son: Mexico City 20.15n; Japan,
81 80: Honekong 39.13: Shanghai, 1915.
Rates in spot cables unless otherwise in
dicated. Nominal.
Evening star., 1939-05-25
Showdown Vote
Near in Senate
On Transportation
Boiley Demands Bill
Be Turned Over to
Commerce Group
BY the Associated Press,

oS tuS AssoSidtSu EICoo
Amid charges and denials that the
measure was designed to "emasculate
water carriers" the Senate moved
today toward a showdown vote on
the Wheeler-Truman transportation
bill.
Senator Bailey, Democrat, of North
Carolina demanded yesterday that
the measure be withdrawn from the
floor and turned over to the Com
merce Committee, which he heads.
Senator Bailey produced a statement
from Chairman Emory Land of the
Maritime Commission saying farmers
were convinced the bill would boost
water freight rates, and that they
felt shippers by water would be
footing the bill for the sole benefit
of the railroads"
The measure would subject domes-
tic water carriers to regulation under
the Interstate Commerce Commits
sion.
Designed for Equalization.
Senator Wheeler, Democrat, of
Montana, co-author of the bill with
Senator Truman, Democrat, Of
Missouri, said it was designed TO
make all forms of transportation
equal before the I. c. c.
Senator Bailey told the Senate
the railroads were mo worse of
than the rest of the country"
The Nation. he contended. would
be out of depression "the moment
confidence is restored in the Amer
ican Government; when Congress
demonstrates that we are not going
to get anywhere by borrowing and
spending, high authorities to the
contrary, Notwithstanding"
At the request of Senator Miller,
Democrat, of Arkansas, who criti-
cized regional discrimination" in
existing rail freight rates and an
"indefensible freight rate structure
the Senate amended the bill to per-
NIT any carrier to lower its rates so
long as they provided "compen-
satory return"
Opposing the bill, Senator Clark,
Democrat, of Missouri contended it
would "emasculate the water car
riers"
Pool Amendment Rejected.
The Senate rejected an amend
ment which would have authorized
the 1. C. c. to pool the revenues
from general railroad freight in
creases and distribute them for the
benefit of financially weak roads.
Voted into the bill, however, was
proposal under which the I. c. c.
would be empowered to require rail-
roads to publish through rates in
volving the use of short-line rail-
roads in certain circumstances.
Also accepted were amendments
exempting from I. C. c. regulation
traffic between the United States,
Hawaii, Alaska and Puerto Rico and
vessels carrying bulk commodities on
the Great Lakes in competition with
f0rpior shin ccp,porjoe
Evening star., 1939-05-25
New York Sugar

NEW YORK. May 25 QP).-World sugar
futures strengthened today as trade inter-
ests absorbed liquidation. Prices in mid
afternoon showed gains of 21a to " poil. is
IN sympathy with firmness IN London. July
was 4 higher at 1877 and September at
1.12h gained 3.
Domestic futures firmed in quiet trading
lbs i.as and and September ts a.o2. '' '''1 "'
Raw sugar offerings were held from 2 30
to 2ps cents on . duty-free basis. Cukan
spot raws were 200 nominal. Refined held
at 4.45.4.50 cents.
Evening star., 1939-05-25
Poris Bonk Chances

PARIS, May 25 LP.-Bank Of France
statement as Of May 20 Tin millions Of
francs):
Gold reserves, 92.2s6: increase. L. Bal
ances abroad, 739: decrease, 1. Dis
counted commercial bills, France, 4,1s0;
bills boasns in
against securities 1895: increase. 40.
30-day advances against government se-
curities, III; decrease, "a. Temporary ad-
vances to state. 20.576: UNCHANGED Cir
culation. 122,131; decrease, 1872. Total
credit to current accounts, 21.723: in
crease. 1,726
Radio of gold to sight liabilities. 64 IA
per cent. compared with "a 10 last week
Rate of discount. per cent.
Evening star., 1939-05-25
Commercial Failures
Decline ID Per Cent
BY the Associated Press.

By the Associated Press.
NEW YORK, May 25.-Commer-
cial failures last week reported by
Dun a. Bradstreet were the smallest
for any week in over a year.
Total failures declined IA per cent
from the previous week, with whole
sale, retail and manufacturing in
solvencies showing substantial drops.
Construction and commercial serv-
ice failures increased slightly.
Comparative figures for various
groups follow:
Evening star., 1939-05-25
Time Business Index
Gains During Week
B. the associated Press,

b the associated Press
NEW YORK. May 25.-Time Mag
szlne's index OF, business conditions,
which repof-4on underlying factors
likely to affect business volume, rose
last week to 92.3 from 92.1 the week
before and 90.2 year ago.
The gain was attributed largely to
increased spending in financial CEN
ters.
Evening star., 1939-05-25
Reichsbunk Statement

BERLIN, May 25 QP.-The Reichsbank
statement as of May "A Tin thousands of
Reichsmarks):
Notes in circulation, 7,799. 800: de-
crease. 206,900. Gold. 70,700; unclaimed
Foreign currency reserve. 6,100: increase,
100. Other bills of exchange and checks.
1904. 400: decrease. 102.500. Other daily
maturing obligations. 1.103.300 increase.
Investments, s21.10O: increase 66.200
Ratio Of gold and foreign currency to
notes, 0.96 Der cent. Rate OF discount,
per cent.
Evening star., 1939-05-25
Retail Auto Volume
Far Above Year Aqo
By the Associated Press.

BY tHe ASSoClated Press.
NEW YORK, May 25.-April re-
tail sales of passenger automobiles
and trucks in the United States
totaled 310.883 units, a decline of
per cent under March but a gain
of 36 per cent over April. 1888, the
Automobile Manufacturers Associa-
ton reported.
Sales for the first four 1889
months totaled 1,061 ,ol2 cars, a gain
of SO per cent over the like period
last year.
Evening star., 1939-05-25
Boston Wool Market

BOSTON, May % dP.-Trading in wool
on the Boston market had slackened to-
day. but a few houses continued to trans
act a fair volume of business ORIGINAL
BAGS of graded fine territory woods were
receiving a demand at firm prices COM
pared with sales reported earlier in the
week Most of the buying was by worsted
manufacturers. Topmakers were decidedly
less interested in raw wools at current
prices than they had been in the previous
few weeks.
Evening star., 1939-05-25
Drop in Profits
Shown by Crown
Cork & Seal
BY the Associated Press,

BY the ASA0clated PreSS.
NEW YORK, May 25.-Crown
Cork e. Seal Co. reported today for
the March quarter net profit of
$l91, $50, equal to IL cents a share
on the common stock, compared
with $547 ,288. or 81 cents in the
first quarter of 1888. The company's s
main plant Is at Baltimore.
Evening star., 1939-05-25
yellow Truck Given
Big Army Contract

By the Associated Press.
The War Department today Or
dered 814 1l2-ton trucks costing
$1,038,379 from the Yellow Truck
and Coach Manufacturing Co., Pom
tiac, Mich. The trucks will be used
by the National Guard.
Evening star., 1939-05-25

Quotations furnished by Investment
Bankers Conference; Inc. which, states
actions or firm bids or offers. but should
indicate approximate prices. and unless
otherwise indicated. are as quoted by the
sponsors or issuers
mot quoted by sponsors or issuers.
Evening star., 1939-05-25
Rubber Futures

NEW YORK May IS P.-Crude rubber
futures opened l to higher. May, 16.2Ob;
July. 16.3Sb; September, 16.45-4a.
Bid.
Evening star., 1939-05-25
MetuI Market

electrolytic spot. IO00-I0 so; export $685.
TO- 90. Tin steady; spot and nearby. 4s.a5;
forward, 1870. Lead steady; spot, New
York, 415-S0: East St. Louis, 4 60. Zinc
steady; East st. Louis spot and forward.
$50. Pig iron. aluminium. antimony.
quicksilver. platinum and Chinese woi-
frantic UNCHANGED.
Evening star., 1939-05-25
Toy Exports Register
20 Per Cent Climb
By the Associated Press.

BY the Associated Press.
The Commerce Department says
toy exports totaled S436.298 in the
first quarter of 1899, or 20 per cent
more than in the similar period last
year.
Evening star., 1939-05-25
Tobacco of Thin to Medium Body.

Ranges quoted do not represent extreme
price range in each quality. but only on
bulk of sales. approximately two-thirds
of total.)
Evening star., 1939-05-25

Also extra or extras.
Quotations furnished by Investment
thhankers Conference Inc, which states
eney 40 not necessarily reflect actual trans
acIionS or firm bids or offers but should
indicate approximate prices.
Evening star., 1939-05-25
RuiIwuy Income

NEW YORK. May 25 GP.-Net operat-
ing income-before fixed charges and other
income-of railroads reporting today for
April included:
1899 1898.
Y Central $l4,705 Ss2, $40
Southern Rwy---- 1.300.506 s19.S07
Evening star., 1939-05-25
Washington Exchange

SALES.
Capital Transit Co.'s at 14T.
Lanston Monotype-10 at SO, 10 at So
n@kTHc
Evening star., 1939-05-25
Investing Companies

NEW YORK. May 25 R-Investment
Bankers Conference. Inc:
Evening star., 1939-05-25
Dividends Announced

NEW YORK May 25.-Dividends de-
clared-prepared by Fitch Publishing Co.:
Resumed
Evening star., 1939-05-25
London Bor Gold

LONDON. May - R,.-Bar gold, 14ss
sad, up "a penny Equivalent, S34.7).
Bar silver, 20d, on Is. Equivalent 42.14
centS.)
Evening star., 1939-05-25
New York Bur Silver

NEW YORK, May Is (P.-Bar sill
yer 42&, unchanged.
Evening star., 1939-05-25
BONDS
MISCELLANEOUS.

MISCELLANEOUS.
Cherry Chase Club 1st AS 104
Col Country Club LIST 4hs l03
Ter Ref 4 VIII Corp 1st 4hs 103
Evening star., 1939-05-25
Insurance Stocks

NEW YORK. May 25 P,-Investment
Bankers Conference Inc;
Evening star., 1939-05-25
United States Treasury Position

BY the Associated Press
The position Of the Treasury May 23 compar