davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-10-27
Stock Averages
30 IS Is go
Indust. Rails. Util. Stks.
Bv VICTOR EUBANK,


NEW YORK, Oct. 27.-The stock
market ran into certain amount
of mild selling pressure today and
leaders slumped fractions to more
than 2 points.
The pace was slow from the quiet
opening on. Near the fourth hour
prices we're around their lows.
Failure of yesterdays rally in the
rails to hold. brokers said. discour-
aged traders, who lightened their
positions until sentiment as to the
future could be tested a little better.
While many in Wall Street feel
that the market is considerably be-
hind business recovery, analysts said
today that in war time stocks gen.
orally sell at lower ratio Of price
to earnings than in times OF peace.
This they asserted was true from
1914 to 1918, the price earnings
ratio of many favorlte issues drop
ping in that time from about 20
times earnings to around to 10.
Foreign markets we're generally
firm, although the Amsterdam
Bourse took on an irregular tone
at the close. Bonds tended lower
and commodities were mixed.
Depressed most Of the session
were United States Steel, Bethle-
hem, Chrysler, General Motors,
Douglas Aircraft. American Tele-
phone. Western Union, Consolidated
Edison, Phelps Dodge, Westinghouse
Electric, Du Pont, Union Carbide,
JohnsManville, Allied Chemical.
Electric Auto Lite, International
Harvester. Caterpillar, Great North
ern and Santa Fe.
Of in the curb were Colts Fire.
arms, Niles Bement Pond and
American Cyanamid B"
Commission houses with foreign
connections said there was some
liquidation of American securities
from abroad, but that it seemed
we'll planned and put no undue bur-
den on any particular groups.
Evening star., 1939-10-27
Chicago Grain
BY the Associated Press.

By the Associated Press.
CHICAGO. Oct. q. Buying
stimulated by serious crop reports
from the Southwestern winter wheat
belt lifted prices more than a cent
a bushel in the final hour of trading
today.
Trade reports indicated recent
rains missed important dry areas in
the Southwest and a prominent crop
expert, H. c. Donovan, said his re-
cent inspection tour through the
heart OF the hard winter wheat belt
indicated that the crop outlook at
this time is the worst in his 55 years
OF experience
Wheat closed 7s-11a cents higher
than yesterday. December, 85l2 2-3s;
May, 9434-5s; corn unchanged to !.
lower December, 495s-s.; May.
50 /, So. oats lc-l,
Evening star., 1939-10-27

The nomads solved their problem
of household cleanliness simply by
pulling up stakes and moving to
new grounds when their camps be-
came too unclean for their insensi-
tive noses.
Evening star., 1939-10-27
New York Bar Silver

NEW YORK, Oct. u R.-Bar
=, 347k, off Il.
Evening star., 1939-10-27
Great Western Plan
Will Be Submitted
By the Associated Press.

By the Associated Press.
The Interstate Commerce Com
mission yesterday ordered submitted
to two classes of security holders a
plan of reorganization for the Chi
cago Great Western Railroad.
The plan is being submitted to
the holders Of first-mortgage 50-year
Evening star., 1939-10-27

ton. The reorganization plan does
not allow present common stock
holders to participate in the reor-
ganizati ton.
Evening star., 1939-10-27
Asset Value Rises

NEW YORK, Oct. q P).-The
Equity Corp. reported net asset
value OF "a cents share on the
common stock on September 80.
compared with 81 cents Q share a
year before.
Evening star., 1939-10-27
New York Cotton
BY the Associated Press.

BY the Associated Press.
NEW YORK. Oct. 27.-Buying was
restricted in the cotton futures mar
ket today. Prices sagged after early
moderate advances. Easier outside
markets and uncertainty over the
status of the cotton loan program
were retarding factors. Late prices
ruled point higher to lower.
December was off /. at GOT, and
March sold at 888, off 2.
Late rallying wheat and securities en-
cauraeed some trade buying and 1ocal coy-
ering. and prices finished - higher
Evening star., 1939-10-27
COttonSeed Oil

Quet and irregular movements took
place in cottonseed oil futures today. Most
forenoon dealings taking their cue from(
easier lard and hog markets However
got up from 6.76 to $50 for net gain cS
3. March was down at SOS Crude hi
was quoted 5a4 cents, nominal in the
inal in Texas.
Evening star., 1939-10-27
Init OF trading 10 shares.

bankruptcy being reoreanzed unde
oah uplcS Act OF securities
OF dividend
pdSeo on the last
unless otherwise noted special are not
year Fayanie IN stock Declared so far this
clared this NA'Auenoe Da4o VI 10
Evening star., 1939-10-27
Association Has New Charter.

With the charter presentation
Yesterday by Federal officials. the
Columbia Building Association as
suned its new title and will be
known henceforth as the Columbia
Federal Savings & Loan Associa-
ton. The ceremony took place at
the association Office, TIC Eleventh
street NV. James TWohy, governor
OF the Federal Home Loan Bank Sys-
tenn, personally delivered the char
ter to Clarence E. Kefauver, Colum-
bias secretary, who accepted it in
the name of the shareholders.
The decision of the association to
federalize was unanimously ap-
proved by the shareholders on Oc-
tober II and under the new pro-
visions the association is now en-
powered to make loans on homes in
the adjoining suburban comnluni-
ties of Maryland and Virginia.
Following receipt of the charter,
the directors reappointed all officers
of the Columbia to the same posts
in the new association, John B.
Harrell president; C. Gay Harrell.
vice president and treasurer; Clar-
ence E. Kefauver, secretary. and
William E. Poulton, assistant secre-
tarv
kayser Talks to Bank Club.
Education and entertainments
featured the monthly meeting of
the Washington Loan + Trust Club
In the bank boardroom last night.
when Dr. Elmer Louise kayser
gave the first of a series of instruc-
tive talks upon the topic, The
Value of Education"
DR.. Kayser who is dean of stu
dents of the George washington
University, stressed the continuing
need of education throughout lie
and that ones early scholastic ca
reer is only preparatory for later
acquisition of knowledge in chosen
careers.
Ward Du Vail radio artist, enter
tanned the gathering with his rem.
dltlon of both popula" and classic
music on his accordion The occa-
sion concluded with a buffet supper
otlNeu W lilS CllU llleIlDeGS ana
their guests.
c. & P. to Spend S1,870,000.
Expenditures amounting to about
$l,o70,000 for telephone plant and
equipment were authorized yester-
day by the directors of the Chesa-
peake q Potomac Telephone Co.,
c. A. Robinson, general manager,
announces. For the year to date
about S7,500,00O has been appro-
priated for the construction. in
stallation and removal of telephone
plant in the District of Columbia.
About $1,500000 of the new ap-
preparation will be expended for
office equipment required to provide
for growth in four of the citys CEN
tral offices and the long distance
office.
Expansion of the company's un-
dergroulld cable plant in the section
east of Connecticut avenue and
north of Military road is also
planned, where 1920 feet, or IA
miles of underground cable, will be
placed. The bulk of the appropria-
ton will be expended during 1910.
Evening star., 1939-10-27
ChicaEn Cash Markef

INaTKtt.
Cash wheat, No } mixed (toughl S4i2:
No. ) yellow, hard. S374 Corn new. No.
:; mixed. 6oi2-6! z: No. / yellow isa4-
49'4; No = 4S'a-49i2: No. l white. 6li4;
! feed. So; sample red. ~ Il mixed grain
ga; No white; 37'4. 4.3stt: No. 3, 3634;
beans. No = yellow. SS-ss7, No. 3. s7-SS
Barley, mating. 1852 nominal feed. 81
40 nominal Rye No > tweevily), 81,
clover. - soils 90 nominal Red TOP
s.5o-a0O nominal. Alslke. 14OU-11 on
nominal.
Evening star., 1939-10-27
Pepco Earnings Lag
Moderately Behind
1888 Levels
September Net Down
3.47 Per Cent From
Mark Year Ago
By EDWARD c. STONE.

Potomac Electric Power earnings
In September were off slightly from
a year ago, net income of S314.75O72
showing drop of sll,31267, or BAT
per cent from September, 1888, ac-
filed today with the Public Utilities
Commission.
Opera ting revenues totaled ST.
305 09l SO, an increase Of S7S.2O1 rs,
or 6.37 per cent. At the same time
operating expenses increased. the
total Of s89O66937 being S87. .3S8. 81
higher than last year, rise of 1898
per cent. This left net operating
revenues of S4l5222. a decrease of
S9,l8655, or 2.l6 per cent. Income
deductions for interest and other
payments called for Sl0O. .4O6.85. the
report said
In the first nine months of this
year the Potomac Electric Power Co.
enjoyed operating revenues of SILL
719 90O924, a gain of S549, 1876.
Operating expenses. including de-
preclation and taxes. required ST.
98.30l06, an increase of S565 ,119 so.
disclosing that while operating rev.
enues climbed 400 per cent. eX-
penSeS moved up 1872 per cent.
Net operating revenues in the nine
months totaled $4,000 708. .l8. off SIS
96l.34. Gross was practically the
same as last year. Usual income
deductions for interest and other
payments required S908 .OO462. an
increase Of S52 20377, leaving a net
income for the period of S3153.7l807.
a decrease of s69375.17 from the
corresponding months in 1898. the
statement revealed. This was a diff
ference of 2.l5 per cent.
TransitS Revenues Mount.
Net income Of the Capital Transit
Co. IN September amounted to S44,
COL. as compared with decrease a
year ago of S3170, which means an
improvement of S47,771, according to
the monthly report filed with the
Public Utilities Commission today.
Net income for the first nine
months of 1889 reached, s4O5, ,735,
against only Sl54932 in the like
period year ago, or a gain SO far
this year o. S250.003
Operating revenues for September.
1899, were s97657O and operating ex-
penses before depreciation were
S66l 22l, as compared with operating
revenues of S365.368 and operating
expenses of S659,972 in September,
1888
Taxes amounted to s95.876 in Sep
tenlber, 1899, and S02 ,694 in Septem-
ber, 1888. Depreciation was S1ll,536.
as compared with Sl01 610 for the
same month last year, the report
stated.
Forster Addresses Bankers.
The first dinner meeting of the
FiduClarieS Section of the District
OF Columbia Bankers Association
for the year 1939-4O was held last
night at the Mayflower Hotel under
the craftsmanship of Bernard L.
Amiss, assistant trust officer of the
Washington Loan & Trust Co.
SlNty-flve trust and investment
officers from local banks and trust
companies gathered to hear the ad-
dress of Warren r. Forster, vice
president of the Hamilton National
Bank, on the subject of Invest
mentS."
Included among the dinner guests
were Mr.. Ord Preston, president of
the District of Columbia Bankers
Association, and several bank Off
GERS from the Bank of Bethesda.
Maryland and Prince Georges Bank
Evening star., 1939-10-27

4 per cent bonds due September /,
1859, and to the holders of the pre-
ferred stock of the Great Western
for their acceptance or rejection.
Only the holders of the two classes
of securities will be entitled to vote
on the reorganization plan.
Commission officials said the plan
was being submitted to the two
classes because other classes were
not adversely affected by the plan
or had no interest in the reoraaniza-
Evening star., 1939-10-27
New Orleans Prices.

NEW ORLEANS Oct - CP.-cotton
futures reacted from an .early advance
here today and at midsesson prices were
net unchanged to points lower
Evening star., 1939-10-27

Cottonseed oil opened steady; Decem-
ber. 6.25b: January. 632n; March. 647b;
May, 655b. Bid.
The Washington times., 1939-01-31
BRITAIN Halls
PEACE PLEDGE
FROM HITLER
Chamberlain Backs
Cooperation Plea

Continued from Page II
portunity to repeat that these
sentiments are fully shared by
the government and people OF
this country"
The Washington times., 1939-01-31

all transactions made with this
secret fund.-" Nye said in an
interview.
President Roosevelt has recon-.
mended extension of the Stabiliza-
ton fund law, which expires June
80.
Meanwhile. the committee con.
tinued to inquire into the Admin.
istration's cooperation with the
French government in purchasing
American war planes. One com
mittee member said information
had been received that Premier
Edouard Daladier had contacted
American government officials for
aid in seeing that the French
mission got the best possible
fighting planes.
Previously, it had been dis.
closed in the secret sessions OF
the committee, that william c.
Bullitt, American ambassador to
France, had communicated with
Secretary Morgenthau.
The Washington times., 1939-01-31
Il DUCE BACKS
HITLER STAND
Continued from Page u

(COnClnue0 from rage ~
forth these three ambitions as
linked with each other. was seen
here as presaging the stand to be
taken by MuSsolini in a speech
he is expected to make tomorrow
on the anniversary of the creation
of the Fascist militia.
Gayda militantly proclaimed
that any attack on the solidarity
of the Rome-Berlin axis woulc
have the effect of Transforming
that link into a military alliance
between Germany and Italy, aided
by "other nations"
Referring to the solidarity
between the two nations, Gayda
said: 1T might turn into a
military alliance if it were at
tackled by incautious foreign
encroachment."
OUTSIDE AID SEEN
Such a pact, he declared
would be IAN alliance in arms o1
125, 100000 men, powerfully
armed and spiritually fired
ready to hurl itself not at Europe
alone since it can count on thu
decisive backing of other nations
thus excluding the possibility O.
isolation of Germany and Italy.
Peace depends on the "destruc
ton of the chauvinistic foreign
coalition" in China.
Echoing Chancellor Hitler's
thesis of the need for parity il
the worlds riches and resource
commensurate with human dig
nifty" the authoritative govern
ment spokesman declared thi
goal applied with equal force tt
all the members of the anti-comin
tern pact
The Washington times., 1939-01-31

Apparently concerned WIN Lle
broad implications of the Senate
inquiry as it relates to American
foreign policy, Mr.. Roosevelt anc
Chairman Sheppard talked alone
for a considerable time.
MAKES PURPOSE PLAIN
Mr.. Roosevelt was expected tc
make plain to Sheppard, for the
benefit of the Senate committee
the Administration exact posi-
ton in it's announced purpose Of
encouraging" the purchase o1
u. S.-built military planes BY
France.
The Presidents explanation tt
a recent press conference was thai
this Government sought to have
idle airplane factories put into
operation with French orders anc
thus prepare for the production
of thousands of new planes under
the American rearmament pro
gram.
NYE ASKS PUBLICITY
Meanwhile, immediate publica
tion of all transactions made by
Secretary of the Treasury Nor
genthau in operating the secret
two-billion-dollar st biliz atior
fund was demanded by Senator
Gerald P. Nye, (RD, North da
kota.
| Nye, a member of the Military
Affairs Committee said evidence
had caused hi INTO suspect that
this Government has an under
standing" with France.
L do not charge that the
stabilization is being used so as
to enable France to release her
money for purchase of war sup
plies, but 1 do believe that our
country has a right to know of
The Washington times., 1939-01-31

Germany lies in a territory
where neither Englishmen nor the
residents of any other Western ma
tions are in any way concerned.
1--WE have restored the right of
self-determination to ten million
German nationals.
"And by so doing, Germany has
threatened nobody.
Germany has done nothing but
The Washington times., 1939-01-31
new EXPANSION
PLANS seen IN
HITLER SPEECH
Pledge to Support Italy
Raises Fears Here
By ROBERT G. NIXON

O.NS) The American Gov.
eminent today maintained Off
cial silence on Chancellor Hitler's
ReichStag speech, but officials
privately found scant hope in the
Fuehrer's words of a lessening Of
Nazi expansion efforts through
threat of force.
Despite the comparatively mod
crate tone adopted by Hitler in
his lengthy review Of Nazi accom-
plishments. official quarters saw
no concrete evidence to warrant
healing of the breach which, in
recent months, has led to a vir-
tual rupture Of German-American
diplomatic relations.
NeW Putsch Seen
On the contrary, official quar-
tiers viewed Hitler's demand for
colonies and his pledge or armed
support to Italy as a possible
curtain raiser" for a new putsch
against Great Britain and France
this spring.
Officials predicted Hitler's next
move will be to throw the full
weight of the formidable German
war machine behind Premier
Mussolini in a demand on France
for Tunis, Corsica and French
Somaliland, coupled with a stimuli.
taneous ultimatum for return OF
the African colonies Germany lost
in the World War.
Pledge to italy
This next crisis in Europeon al
fairs is expected by Washington
to develop on the heels Of an in
surgent victory in the Spanish
civil war, now apparently in its
final stage.
In Hitler's pledge of armed sup
port to Italy, observers saw a
sequel to similar action taken by
Premier Mussolini last September
when the fate of Europe was in
the balance over Germany's de-
mand for the dismemberment Of
CzechoSlovakia.
Some quarters saw in Hitler'S
declaration that Germany wants
peace with America as with all
other nations" an attempt to lull
this country into sense of false
security, and thus halt the g.
gantic rearmament program now
before Congress.
The Washington times., 1939-01-31
BALL
ON FEBRUARY q

Enlisted men Of the Navy will
mark Washtngton's birthday with
the first all-Navy ball in the Dis
trict.
The dance. to be held in the
Sail Loft Of the Washington Navy
Yard, will benefit the Navy Relief
Society. The night before. Feb,
ruary 81, the annual Navy relief
ball will be held by wives of Of
ficers stationed here.
The enlisted mems ball, launched
yesterday by Chief Boatswain' s
Mate j. J. OHara, is promised
rousing support from the 1900
enlisted men stationed in and
around the city.
Two orchestras, the Navy and
Marine Corps bands, will furnish
the music for the dance.
The Washington times., 1939-01-31
Trade Tax Evasion
Results in $50 Fine

The dubious honor" Of being
the first person convicted Of fail
ing to obtained his 1899 business
privilege license today was the
lot of Morris Burak, produce
merchant of the 100 block Maine
Ave. S. w. Judge Walter j. Casey
in Police Court gave the merchant
the alternative of paying $3.50 fine
or serving so days in Jail. Burak
told the court he couldn't obtain
his license because he still owed
$143 in back taxes.
The Washington times., 1939-01-31
Franco Army Takes
Estany in NeW DriUe
Miaja Plans
War tOEnd

LONDON, Jan. 81 N.N.SO.
A cry Of defiance against In
Surgent GeneralisSimO Fran
cisco Franco and a warning
that the Spanish government
will fight even If Catalonia is
completely lost came today
from Gen. Jose Miaja, Savior
of Madrid" and commander
Of the government forces in
central Spain.
In an exclusive interview
with the London Evening
Standard, Miaja stated:
"The Madrid territory un-
der my control will fight on
to the last man. Tell that to
Franco, to Premier MusSOlini
and to the world.
even If the whole Of Cata-
lOnia falls, my territory re-
mains.
Il and the men under me
will fight ON until victory is
assured"
The Washington times., 1939-01-31
Tired Of 'Dodging,'
FUGITIVE Gives Up

FAIRFAX, Va. Jan. 31.-After
four years of illegal freedom, Nor,
man Henderson. 40, escaped Fair
fax county prisoner, voluntarily
surrendered to police here last
night. He said he was tired q
lodging sheriffs." While serving
two years for housebreaking
Henderson and two other pris.
onerS dug their way out of the
old Fairfax Jail in 1884. His two
companions were recaptured and
given an extra years sentence.
The Washington times., 1939-01-31
Death Division
Of Loyalists In
Last Stand

BAKCELONA, Jan. 81 (I.N.S.Js
Spanish inSurgent troops con-
tinued their sweeping advance
through northern Catalonia to-
day, capturing Estany and sub
jecting Vich, only seven miles
away. to heavy artillery fire.
The insurgents revealed that
a total of S2O,0OO,OOO worth of
war supplies had been found
abandoned in Barcelona.
PERPIGNAN, France, Jan. 81
Q.N.S0.-While tragic scenes Of
suffering, hunger and despair
among Spanish refugees were en-
acted along the Franco-Spanish
border. the civil war in Spain
ground remorselessly on today
toward the climax that seems in
evitable.
A death division" of Spanish
government troops made last
and apparently hppeless-stand
against insurgent forces in Cata-
lonia, and warfare burst out anew
in other sections Of the strife
torn nation.
Insurgent shells crashed into
Madrid, for the first time since
Christmas, but casualties were
few, according to advices reach
ing Perpignan.
Advance to North
From Salamanca, insurgent au-
thorities attached to Generalissimo
Francisco Frances staff said the
insurgent forces, still spurred by
their triumph in Barcelona, were
advancing to the north, despite
rain and snow and bitter weather.
In :, forward thrust that carried
them five miles closer to the
French Pyrenees border, it was
claimed, Francois troops, occupied
several more towns and villages
and took 1900 prisoners.
The Insurgent high command
also claimed new successes on the
Estremadura front in southwest
ern Spain, where action tempo
rarily abated while full attention
was turned upon the Catalan
drive during the conquest Of Bar
celona.
There, it was claimed, govern
ment troops under Gen. Jose
Miaja were defeated and several
new positions were captured.
The Washington times., 1939-01-31
HfIer:S WOTNiEsg

defend herself against attempts at
interference by third parties.
"I do not need to assure you that
in the future we shall not tolerate
attempted interference by the West
ern countries in certain matters
which concern ourselves alone.
Such interference would have as it's
object the Illustration of natural
and logical solution of German
problems"
The Washington times., 1939-01-31
HITLER WAITS
U. S. REACTION
TO WARNING
Nazis Also Eager for
Britain's Reply
BY PIERRE J. HUSS

BERLIN. Jan. 81 G.N.SD Ger
man officials figuratively sat back
today and awaited world reaction
to the historic Reichstag speech
by Chancellor Hitler. Who eau
toned the United States and
other Democratic nations against
any interference with Germany's
plans.
Particular interest was dis
played in the forthcoming state
ment of Prime Minister Neville
Chamberlain before the House of
Commons in London. The gen
eral expectation seemed to be
that Chamberlain's declaration
would be conciliatory in tone as
far as the Reich is concerned.
U. s. VIEWS AWAITED
OF special interest to Germans
was anything Chamberlain might
say regarding the German de-
mand for colonies, which was re-
iterated at considerable length by
Hitler yesterday. Observers in
Berlin also we're alert to read be-
tween the lines any opinion that
Chamberlain may hold regarding
Hitler's pledge to aid Premier Mus
solinin if Italy is attacked.
Keen interest also was evident
in reaction from the United States
to the Fuehrer's attack upon
American criticisms of Germany's
antl-Semitic program and trade
policies in Latin America.
NAZIs JUBILANT
Millions of persons throughout
the Reich and in other nations,
including the United States,
heard Hitler's speech by radio and
his words of warning that con-
tinued failure of the World War
victor powers" to satisfy Ger
man and Italian claims might
unleash b new, general conflict.
After Hitler spoke many thou
sands Of jubilant NaziS paraded
Berlin's main streets in torch
light professions in celebration
of the sixth birthday of Hitler's
totalitarian regime.
Music and merriment filled
Berlin and scores of other cities
throughout the nation which won
some of the greatest triumphs in
it's history during the year just
ended.
AMERICA WARNED
Hitler's remarks as they af-
fected the United States chiefly
constituted a warning against In
reference with further triumphs
by Germany in the future. He
said:
"Germany's relations with
North America are suffering
from a campaign Of calumny
which is trying to give the West
ern Hemisphere the impression
of an impending attack on Amer
lea and endeavoring to marshal
the hatred of the whole conti-
nent against European nations
governed by authoritarian prin-
ciples."
Ascribing such views to Jew
ish influences, Hitler added:
Germany wishes to live in
peace and friendship with all
countries, including America.
We are against interference in
American affairs. But we also
reject American interference in
German affairs"