davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-09-01
Stock Averages
Compiled by the Associated Press.)
BY VICTOR EUBANK,
Associated Press Financial Writer.

NEW YORK, Sept. War fever
turned an early rout in today's stock
market into a spectacular upward
reversal for many shares that mad
tumbled as much as points at
the worst. Gains of l to we're
widely distributed at the finish. al
though an assortment of issues failed
to participate.
Selling was fast in the first hour,
but dried up near mid day with
recoveries seen here and there.
Numerous bids under the market"
were then withdrawn, brokers re-
ported, and the list took another
dive.
War commodities scared and de-
mand then turned brisk tor shares
OF sugar companies, coppers, chem
icals and aircraft. Steels reversed
themselves in the last lap and most
posted substantial net advances.
Losses in other groups were cam
celed in many instances at the
close.
Volume picked up enough on the
belated comeback to put the ticker
tape behind for a while and trans
fers for the session were in the
neighborhood of 100000 shares,
one of the largest turnovers since
March 81.
Spectators Encouraged
The orderly performance of the
market during the greater part of
the proceedings encouraged specu-
lative forces and brought favorable
comments from the Securities and
Exchange Commission as well as
brokerage quarters.
The last-minute upward drive
followed the speech of Prime Min
lister Chamberlain before Parlia-
ment which indicated that. with
the bombing of Polish cities by the
Nazis. Germany would have to set
tie quickly or Great Britain would
step into the fray. At the same
time Italy announced it would take
no military steps at present.
Up fractions to or so on the
revival were United States Steel,
Bethlehem. South Puerto Rico
Sugar, Fajardo Sugar. American
Sugar Refining. Holly Sugar. United
States Rubber, Douglas Aircraft,
Sperry, Anaconda, Kennecott, Phelps
Dodge, Union Carbide and Allied
Chemical.
Remain Backward.
Remaining backward were Ameri-
can Telephone. Chrysler, General
Motors, Sears -Roebuck, Montgomery
Ward, j. I. Case, Consolidated Edi-
son. New York Central, Southern
Railway, Standard Oil of New Jer-
sey, Eastman Kodak, j. c. Penney
and Woolworth.
Improved in the curb, after a
morning slide, were American
qanamid b" Consolidated Cop
per, Lockheed and Newmont Min
ing.
Evening star., 1939-09-01


OF the association are at the high
est peak in history.
Opened for business in August,
1874, American Building has assets
in excess of 100000. Charles H.
Kindle is president of the insti-
tuition.
c. & P. Phone Earnings Gain.
Net income of the Chesapeake e.
Potomac Telephone Co. in July
amounted to $122,484 in comparison
with s11S,247 in the same month
last year, according to the monthly
statement just filed with the Public
Utilities Commission.
July operating revenues totaled
S979,684 against $907,659. Expenses
also increased, $7O9 1888 comparing
with $667,371 year ago. Taxes were
up, s107, ,652 comparing with s90,359
Total income reached $162, $40
against s153,3l6, interest deductions
calling for s44,759 against $35,O69.
The cost of telephone plant in
service on July 81, 1899, was S46,-
BOT, ,098, representing an increase of
$2,252 ,689 over the same month last
year.
There were 245,957 telephones in
service in Washington at the end of
July 1899, which was an increase of
PIG telephones over the previous
month. Telephone users in Wash
ington made 27.351 900 calls during
the month. or 1854 900 more than in
July, 1898.
Net income in the first seven
months of 1888 totaled $1,O70, ,507
against 81 ,0O8.363 a year ago, a small
gain of $62,144, the report shows.
Prices Firm on d. C. Exchange.
Bid and asked prices held steady
and firm on the Washington Stock
Exchange today despite the down.
turn in New York. Sales were con-
fined to small transfer in Potomac
Electric Power 512 per cent pre-
ferred stock and a $500 turnover
in Anacostia & Potomac Railroad
IS at 9412. 1t was announced that
the exchange will be closed next
Monday, Labor Day.
washington Gas Light common
stock, recently placed on the over
the-counter market in New York,
declined point yesterday to 261a
bid and q asked.
Intense interest in the opening of
the New York Stock Exchange was
manifested in brokerage offices here
today, standing room only prevail
ing before o'clock The expected
drop came but security holders were
pleased that the selling was orderly,
Evening star., 1939-09-01
William 6. Potter Heads
Money-Murket Group
By the Associated Press.

BY the Associated Press.
NEW YORK, Sept. William C..
Potter, chairman of Guaranty Trust
Co. of New York, was elected chair
man of the General Committee Of
Bankers and Securities Men formed
Wednesday to cooperate with the
Federal Reserve Bank of New York
on problems which might arise in
money markets in the event of Eu-
ropean war.
Leon Fraser. president of First
National Bank of New York, was
elected vice chairman of the COM
mittee.
Evening star., 1939-09-01
Reserve Bank Reports
Notable Business
Gains Over 1888
Washington Leeds
This Area in July
Building Valuation
BY EDWARD C. STONE.

Business in July in the 5th Fed
eral Reserve District, which includes
Washington, remained substantially
ahead of the like period year ago,
the Reserve Bank of Richmond re-
ported today, minimizing to some
extent the usual seasonal declines.
Building permits issued in 80 cit
les in July totaled SIS, 500 ,301, an in
crease of Is per cent over June this
year and 96 per cent over July year
ago. Washington led in valuation of
new construction with $6,255 ,495, fol-
lowed by Huntington with 81 ,933 ,967
and Richmond with 81 ,429 $50. Con-
tracts awarded were higher than in
any other July since 1880, the review
stated.
The report showed Al member
banks in II cities had moderate in
CreaseS in loans and investments be-
tween July II and August and on
the latter date both items were sub
stantially larger" than on August 10
last year. Reserve balances and de-
mand deposits also rose far above"
year ago.
The bank said debts to individ-
ual accounts, rejecting transactions
passing through the banks of "a
fifth district cities, were per cent
less in July than in June, "a slightly
more than normal decrease"
Sales by department stores dropped
80 per cent below June, "a drop of
approximately seasonal proportions" !"
and retail furniture sales declined II
per cent in the same period. Auto
mobile sales, on the other hand, ex-
ceeded June sales in both Carolinas
and probably in West Virginia." the
bank said.
Reports from 205 leading whole
salers showed sales averaging per
cent less than in June, but whole
sale shoe sales jumped go per cent
in July.
Capital Bank 50 Years Old.
Officers and directors of the Ma
tional Capital Bank, 316 Pennsyl-
vania avenue Sc, are observing the
institutions 50th anniversary today,
Evening star., 1939-09-01

the bank being
opened for busi-
ness on Septem-
ber /, 1889. Two
of the organ
izers, Allen c..
Clark and Will
liam PC. HaZen,
are still off,
cially connected
with the bank,
and H. H. Nc
kee, who was a
member of the
staff on t h e
opening day, has
been president
for the ! a S t
CE ,,1a~
Evening star., 1939-09-01
Brokers' Looms Drop
$4,000, 900 in Week
BY the Associated Press.

BY the AsSOclated PreSS,
The Federal Reserve Board re-
ported yesterday that last weeks
loans to brokers and dealers on Sc
curities held by reporting member
banks in New York City totaled
-$467 900 900. For the week ended
Wednesday the total represented a
decrease of $22,000,0O0 when COM
pared with the previous week.
Loans for the corresponding week
year ago totaled 1851 900 900.
Evening star., 1939-09-01

succeeding DR..
Guy M. Nicely,
recently retired.
Mr.. Kramer,
who was an as
sistant secretary
of the organiza-
ton, has served
for Is years. He
is a native of
Washington.
Coin cident
with the news
of the appoint
ment, Wilfred H.
Blanz, secretary,
announced that
&1fo1 ~acN,,roa-
Evening star., 1939-09-01
Baltimore Stocks

Special Dispatch to The Star.
BALTIMORE. Sent. l.
Evening star., 1939-09-01
New York Cotton

BY the Associated Press.
NEW YORK, Sept. strength
in the stock market in the late
afternoon brought in Wall Street
buying of cotton futures and final
prices were lifted to points net.
The market opened lower.
Evening star., 1939-09-01

Cottonseed oil closed steady Bleach
able prime summer yellow, 6.69n prime
crude. 5.25n; September, 6O0b: October.
5.9s: December 6O6: January. GLIB:
March. 6.2Sb.
Bid. Nominal.
Evening star., 1939-09-01

C0ttonseed Oil.
Bleachable cottonSeed oil futures closed
S3-S1 heher. Sales. 316 contracts Sep
tember. 6.33b; October Cash December.
$50: January sch: March. 671. Bid.
New Orleans Prices.
NEW ORLEANS, Sept. / LF.-Trade and
speculative buying rallied cotton futures
from early decline here today and
closing prices we're steady. net UNCHANGED
to D points higher
Evening star., 1939-09-01

Approximate Soles OF Stocks the NJ Y Stock Exchonoe
1l:OO A.M.------.- $4,000 1880 Noon -- $50. 600
100 Pm. 100000 900 Pm -. 1900, 0OO
al Sal far fha Aax o1o
Evening star., 1939-09-01

Middling spot, S.92.
n Nominal.
Evening star., 1939-09-01

sUnit OF trading 10 shares
being under
Bankruptcy Act or securities assumed By such
Rates OF dividend In tie oregons table
based the declaration
Unless otherwise noted special
xd Ex DIVIDEND Ex rights or extras Paid
Payable in stock Declared
hcash stock Accumulated dividends
clarsd this yeax
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
HENDERSON, IN c. DAILY DISPATCH WEDNESDAY, DECEMBER a. 1889

blessing to Uncle Samuel.
A couple Of other German pocket
ships and some U-boats still are
afloat or operating underseas, but the
hint is, considering the Crafts fate,
that they'll keep out Of Pan-Ameri-
can waters.
All in all, from the Yankee stand
point, the incident hardly could have
been improved on.
German belligerency in our west
ern hemispherical area has been put
out Of business Allied belligerency
has no reason for continuing to both
er us, with no German fighters in
our neighborhood; the British and
French need their war vessels near
er home And all this has been ac-
complished without the slightest eff
fort by any Of the Pan-AmerIcas.
Oh. yes, the European scrapDers
certainly did snub our Pan-American
neutrality declaration Of Panama, -
We have to go through the motions
of reminding them that we didn't
like it, And we didn't like it, either,
while it was going on. But assuredly
we liked the way it ended.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
Graf Specs End
Proved u. S. Blessing

Continued From Page Onel
a mercy not to have the task left Oil
our hands.
Germans Versus English.
True, Captain LangsdO rff, with
his Graf Spec, violated our neutrality
zone no more than the British ViOlat-
ed it by butting into it in pursuit of
him.
Still, there's a distinction.
Langdorff did it as an aggressor
He was trying to destroy peaceful
shipping. The Allies story is that
they were out after a pirate.
It's a technically, but it is a tech
nicality.
Anyway, our State and Navy De-
partments are blamed glad that the
Graf was put out Of business with
out any participation Of our own in
the transaction. 1t was irregular, as
per Pan-American neutrality, but il
would have been a good deal worse if
the Graf had won the fight and gone
on with its raiding
The idea is that the Pan-Americas
are as thoroughly neutraliZed now
as if they'd enforced their own neu-
tralization, and the British did it for
'em.
They're not disposed to be too
critical.
There are "diplomatic representa-
tions," of course, but they're perfume
tory
Finis the Graf.
Nothing could have been more
gratifying than the Crafts fms.
If the pocketship had tried to run
the blockade out through the Rio de
Plata bottleneck there probably
would have been another sea battle,
aggravating conditions. Most likely
the Graf would have been sunk-far
from a pacific development. Or per-
chance it would have escaped to sea,
to go on with its raiding. That would
have been heck, also.
But Herr Hitler chose to have his
craft blown up by its own crew in
stead
1t may or may not have been good
judgment on his part, but it was a
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27

the 1881 General Assembly, and it is
noticeable that there has never been
q bill even introduced calling for re-
turn to the old system Of part-State
part-county responsibility and con-
troll
81 believe it would be conserva-
tive to state that at least 95 per cent
Of the citizens of the State at the
present time are thoroughly sold on
this plan Of uplleep and maintenance
OF the public roads, Chairman Frank
Dunlap, Of the highway commission
was quoted in a recent magazine ar
tlcle as saying of the existing set
up.
Present agitation with regard tc
the roads Of North Carolina concerns
itself with bringing the primary sys-
tenn up to date and, to a lesser de
gree, with making the system of con-
troll more nearly statewide than eX-
lists under the present commission of
eleven members and under which
control of affairs in each district has
been largely given over to the COM
missioner from each Of these districts.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
N. C.. Maintains Greatest
Road Mileage In Nation
Continued From Page One)

Continued From Page One)
Highway Commission with an all
time chairman, and for the first time
it became a real factor in develop
nlent Of a state, as distinguished from
a county system of roads.
In 1921. at Governor Morrison
recommendation. the legislature vot-
ed a S5O.OOO,OO0 bond issue.
Since then the State has issued in
all $115,OOO,OOO Of road bonds, of
which S79,OOO.OOO is now outstand-
ing, with $9,5OO,OOO in the sinking
fund.- all these figures in round num-
bers.
From 1921 through June 80, 1893
lend of the last fiscal year and the
last period for which figures are
available,) the commission bad eX-
pended more than $252,000,000 for
the construction of roads and BRIDGES
and more than $133, 100000 for the
maintenance of roads and bridges.
The total of paved highways had
grown to 1868 miles of which g.
OO8 are on the primary state system
and 1855 on the county system.
The full control Of roads passed
to the State under laws passed by
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
3 Lynchings
During Year

In all the nation only three per-
sons were lynched during 1899, ac-
cording to a compilation at Tuske-
gee Institute, Alabama, and received
here today from f. d. Patterson
the president
The number was three less thar
the six lynchings in 1888, five less
than the eight in 1897 and also in
1886, and II less than the twenty
in 1885, the report stated.
Two Of those lynched were taken
from the hands of the law, one OF
them from Jail and the other from
an officer outside jail.
In l8 instances officers prevented
lynchingS, all of these in Southern
states. In all cases, the prisoners
were removed or guards augmented,
or other similar precautions taken.
Two Of the three persons lyncned
were Negroes, one white. Offenses
charged were murder, fatal injury
to a boy in an automobile accident,
and an alteration with man.
Two Of the lynchings occurred in
Florida and the other in Mississippi.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
u. S. Has Big Trade
Balance In November

Continued From Page One)
tivity in the United States during
recent months, and the relative
ly heavy demand for various i'm
ported crude materials and SEMI
manufactures"
In November, the United
States sold S292,734,OO0 worth of
goods abroad and imported
S235,4O2,O0O worth. I'm November.
1888, exports were S252,381 900
and imports S176,187 600.
Raw cotton exports totaled 313,-
100000 pounds in November and
? ,127 ,44O, 900 pounds in the first
eleven months of the year, COM
pared with 27O,O16,OOO and 1885,
$4,000 pounds last year. Imports OF
raw cotton were $4,000 pounds in
and 92,662,000 pounds in
the eleven months, compared with
100000 and 1OO,699,0O0 pounds
last year.
Unmanufactured tobacco exports:
30 ,457 900 pounds in November, and
327, $4,000 pounds in the eleven
months, compared with 55,167, OO0
and 434,876OOO pounds last year.
Raw tobacco imports: 0,425, OOC
pounds in November, and $780,
900 pounds in the eleven months
compared with 5,641,0 900 and 66,
500 900 last year.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27

nsts urge.
Holland has a queen. The Dutch
re used to it. Therefore, they ac-
uesce IN it quite naturally, as we
|0uld, If we could get over our sex
Il llolllOn without too violent a sur
rise. That was the dope.
, nul the National Woman's Party
DOESN'T put up a woman as vice
residential candidate!
NOW as good a time as any.
mere are couple of fights fo,
RESIDENTIAL nominations. There's nc
go. eNcltement over any "mere
nan Tor the vice presidency
But suppose woman were to he
for the vice presidencyl
In minute it would obsc,,re tb6
scraps for first place. ~
Poor politics. ''
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27

ne. We have a little feminine
-entation in Congress and in
s.ut R0OseyeltS cabinet bnt
no deny that it distinctly is
minority scale
us what was particularly COM
n.a.eG about by Mrs. Linda P. Lit
+ ot Australia. president of the
E.. Nights Intern; tional C'Inter-
Sit sounds Communistic.
l. snD. a prominent speaker at
tie ia zrence. She agreed that wo-
m,o 81 a certain amount of GER
political recognition. but
IL led that il isn't genuine.
Harvey ". Wiley. newly
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
Cage Season
Opens Jan. 5

Henderson high school basketball
teams will open their season Friday,
Jan. playing Louisburg high here
in a doubleheader, according to an
announcement that has been made
by L. L. Miller, director of athletics
at the local school.
The teams have had some work
prior to the Christmas holiday per-
iod and during the holidays, some
of the boys have been going through
their work with Coach Fred Kill
patrick doing the tutoring.
Coach Bob Harrison, Of the girls,
has been out Of the city during the
Yule holidays, and is expected back
soon, ready to begin work as soon as
school opens.
The Henderson teams, holders Of
the county cake titles, expect to
repeat this year.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
AIR FORCE STRIKES HARD
AND REPEATEDLY IN SOL


Helsinki, Dec. 27.-(AP)-The
Russian air force struck repeatedly
and vigorously today at TANNER
fors, vital Finnish munitions city,
and other cities in a series Of bomb
ing raids.
Twelve bombers appeared over
Tammerfors, first at 9:58 a. m.
(2:58 a. m. EST, and dropped
only few bombs, but returned two
hours later to shower at least fifty
bombs on the city. Official reports
said the result was "destruction Of
some dwellings, one dead and one
injured"
The important seaport Of Turku,
on the southwest coast, was bombed,
first by two planes, and then by a
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
Stocks Lower
At Noon Time

New York, Dec 27.-(AP)-The
stock market slid lower in moder-
ately active trading today. Losses
of fractions to two or more points
ruled the list as brokers reported
year-end selling for the evening up
OF accounts. Bulk Of the days de-
clines We're rolled up in the fore
noon
Steels and rails failed to respond
to favorable statistics circulating in
the financial district.
Rubbers, mail orders, farm nipple
ments, aircrafts, utilities, metals and
some oils gave ground.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27

squadron Of fifteen Most of the
fifty bombs dropped there fell into
the water harmleSsly.
Helsinki was visited by a lone
enemy plane, but apparently no
bombs were dropped.
Viipuri, Hameenlinna and other
cities also sighted Russian bombers
during the new wave Of raids.
Army officials said the Russians
were continuing their land attacks
on all fronts, but making no
progress.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
Red Legions Are Led
By Stain Men
(Contislued From rage Onel

(Continued From rage One)
recent retreats. The Russians have
lost 1000 men in the sub-zero cold
Of the Arctic fighting the last three
days, dispatches from the Finnish
headquarters said.
Russian strategy was foreseen by
military observers to be 4 renewed
drive to cut Finland in half.
Although outnumbered, the Fin
nish command counted on the bit
ter Arctic weather. as we'll as mill
tary strategy to withstand the ex-
pected attack
General Kurt Walenius, northern
forces commander, was quoted as
saying the Firms generally faced a
Russian division Of about 1900
men with a battalion Of about 600.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
Britain Lays Mine
Field of 500 Miles
CONTINUED From Page One)

port from submarine attacks.
Presumably the British mines
would prevent the laying of Ger
man mines by submarines or sur
face craft between the British belt
and the coast.
The admiralty did not indicate the
number or types Of mines to be
used, but naval sources estimated
that more than 100000 would be
required. A British mine field also
extends along the German coast
from Denmark to the Netherlands
covering entrances to the German
sea and air bases.
The admiralty said it believed
Germany had mined an area in the
North Sea- Overlapping of the
rival mine fields was considered
probable
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
SERVICE LEAGUE TO
HEAR MAJOR PERRY

The Young Mems Service League
will have their regular supper meet
ing at the First Presbyterian church
Thursday evening at $50 o'clock.
They will have as their speaker
Major Redding Perry, of Fort Knox,
KY, who will talk to them about
the United States Army.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
S. K. CARSON DIES IN
CHARLOTTE TUESDAY

S. K. Carson, about 60, Charlotte
business man, died Tuesday morn
ing at his home in Charlotte, and
funeral services were conducted this
afternoon at 2 o'clock from Nichol-
sons Funeral Home in Statesville,
with interment there.
Mrs. Carson is a niece Of Robert
A. BlaylOck, Of this city.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
Lower Levels.
For Cotton

New York, Dec. 27.-(AP)-Cot-
on futures opened five points high
er TO three lower. Prices showed
losses OF two to eleven points around
me end OF the first hour, March at
lO.02 and July at 1908, and Deem
Der was 9.52.
Prices recovered somewhat from
morning lows, ranging two to eight
lower around midday. March sold
at 1896, July at 1906.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27

~ expressed senti-
nent was that Wo-
men aren't a bit to
blame for the pre-
5 e II t di sordered
state of the world,
b e G ause tn e y
haven't much voice
IN the regulations
OF ITS affairs. May
be they do have
more OF a voice
than they admit,
or realize. How
ever. its true that
? f,,N.+ =
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
OXFORD PRO QUINT
PLAYS ON THURSDAY

The Oxford Professionals and
Henderson All-Stars, Negro basket
ball teams, will meet in the Hender-
son Institute gym Thursday night
at 7:3O o'clock, according to an an
nouncement made today
A fast game is in prospect, with
a small admission fee being charged.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
Special Service
At HOLY InnOcents

The special Christmas service for
the children Of Holy Innocents
Episcopal Church school will be
held at 7 o'clock Thursday evening,
followed Immediately by the Christ
mas tree in the Parish House, Rev
l. w. Hughes, rector of the church,
stated today
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27

Sending a diplomatic representa-:
tive to a foreign country for the
first time, the Commonwealth of
Australia named Richard Gardiner
Casey to be Australian minister to-
Washington. Casey has held vari-'
GUS important posts in the home
government.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
" omen May
Seek More
Of Equality
rs CHARLES T. STEWART
central Press C0lumniSt

.~hmgton. Dee. 27.--At the re-
Washington conference of the
al Woman's party the general
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-12-27
AROUND TOWN

Granted License-Bland c.. Nit
chell, Of Youngsville, and Thelma
Finch, of this city, secured license
to wed at the Vance Registry office
yesterday.