davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-08-27

Fighting panic, Motin realized he
had been going around in circles :
was kitng Somebody was juggling it. Had
Newman, unable to reach him. taken the bit
in his teeth. started an open market drive
and so boosted the stock? He'd warned New
man not to buy without consulting him.
The cat would be out of the bag They
would never get control now. ]. Martins
body pranced the cabin floor. but his soul
was marching on six hundred miles away. He
caught himself repeatedly reaching for a
phone which wasn't there. shouting orders
which there was no one to carry out He
bought and sold, mentally, some fifty thou
sand shares He was limp as ticker tape when
the exchange finally closed. Then his sleepless
train ride took toll. He slumped down in a
chair and dozed one ear to the radio.
Hours dragged on Shadows fell Suddenly
]. Martin was broad awake, hearing his own
name being spoken. The radio was telling the
world j. Martin Sage was lost 1t was the
nightly period sponsored by his company in
which ]. Martin had often aired his own
views. Apparently Charlie Brown had given
the alarm, after reaching the Pine Woods
station twenty minutes late. owing to tire
trouble State troopers, it was announced,
had searched miles of forest on the side of
the track away from the lodge, where they
believed he had wandered by mistake.
Then the announcer gave ]. Martin body
the absence of the concerns able founder and
head would not affect this sound, we'll
organized business" That very afternoon it
had bought control of Midi Plains Utilities for
a syndicate headed by the Sage Company,
its board of directors stated
j. Martin staggered to his feet. He turned
off the radio and shuftled out into the twilight,
where he could breathe. So Jim Newman had
pulled a fast one, in spite of warnings. had
got the stock he needed before the news broke
and boosted the price.
Brilliant stroke, J. Martin had to admit.
He stretched out on bed of moss and lay
there numbly, watching the stars. Slowly the
cool silence edSeu Ills liHoDOHiS oidAl' iel Ill
great revelation.
He wasn't indispensable after all!
Thank God! Now that this knowledge had
been forced upon him, he'd have Charlie
Brown rent a patch of woods and set up
tent They'd have a swell rest. He chuckled =
contentedly and fell into his first sound sleep
in months.
1t was there that his hosts found him at
dawn. On their way back the evening before,
they'd been enlisted in the hunt. Nobody
had thought of looking in this cabin, which
was just around the river bend from Pine
Wood Health Lodge.
The End
s-27-ss
Evening star., 1939-06-11
HeinIe Made District
Cities Service MANAGER

Special Dispatch to The Star.
NEW YORK, June 10.-A wide
spread change in the marketing or
ganization of Cities Service Oil Co.
Pa), to take effect on July l. was
announced today by John S. Cordell,
vice president and general manager.
Under the new arrangement four
regional divisions will be formed to
market the company's products in
the 13 States in which it operates.
These will be located in New York,
Boston. Syracuse and Harrisburg.
C.. E. Foster continues as vice
president in charge of marketing,
j. A. Kelley, formerly sales manager
in New England, has been appointed
sales manager of the entire COM
pany.
C. A. Giblin will be manager of
the Harrisburg division, which will
handle the State of Pennsylvania
with the exception of the Philadel-
phia metropolitan area). Delaware,
Maryland, the District of Columbia
and portion of Virginia and West
Virginia. District offices will be
maintained at Pittsburgh and
Washington. The local Office will
be headed by G. M. Heinle
Evening star., 1939-06-11
American Farmers
Face CurtaiIed
Foreign Markets
Prospects Of Production
Are Far in Excess of
Domestic Needs
By the Associated Press.

BY the Associated Press.
A curtailed foreign market for
their products confronts American
farmers as they move we'll into a
new crop season with prospects of
production considerably in excess OF
domestic needs.
The Agriculture Department. for
eign service reported today that ex-
ports of agricultural commodities
during the first 10 months of the
current fiscal year were 81 per cent
lower in value than in the COM
parable period year ago.
The exports were valued at $6l2,-
778,000 compared with $777 ,264 900
a year ago.
Cotton Shipments Fall.
The decline was due largely. the
service said. to a fall in shipments
OF cotton, the major item of trade.
Exports of cotton dropped A per
cent In value and 80 per cent in
quantity, while total exports of all
other farm products decreased by
per cent in value.
Factors contributing to this loss
in foreign sales were said to include
sharper competition, political and
economic uncertainty in europe and
the Orient, and higher prices of
some American products, particu-
larly cotton, which has been held
above world levels by the Govern
ment price-pegging loan program.
Federal fnroiur,
pressed the opinion that the United
States would have to put forth what
they called special efforts" to re-
establish exports at the 1888 level,
which in itself was below that of
the tWenties.
Bounty Is Proposed.
In this connection, President
Roosevelt and Secretary Wallace
have proposed that this country paw
a bounty on cotton sold abroad so
that exporters can meet the price
OF competing groWths.
Officials said foreign sales of wheat
this season would have been reduced
materially had not the Government
paid exporters bounty. Exports of
wheat during the first 10 months of
the current season totaled 69.937 900
bushels, compared with Sc, ,638. 900 in
the comparable period a year ago.
The export subsidy program is ex-
pected to be continued on the new
crop, which starts moving to market
next month
Other Subsidies Planned.
Should Congress provide sufficient
funds. the Government also NAV
subsidize export of some dairy prod
ucts, lard and other pork products
Imports of farm products into the
United States during the 1O-month
period were 10 per cent lower than
a year ago. the foreign service re-
ported. The imports were valued at
s775,820 900, compared with s949,-
| O33,000 year ago.
The value of exports by classes
during the l0-month period of this
season and last, respectively, in
cluded:
Cotton. sl64 .6O7 900 and 1921 s58. :
000 wheat, SAT 067 900 and s7067e. :
600; other grains. s5l 900 900 and
s62 900 900; tobacco, sl36 .487 900 and
sl40446,000: fats and oils, $l6,49l,- :
600 and sl7.226,000
Evening star., 1939-06-11
Permanente Wins Bid
On Shasta Dam Cement
BY the Associated Press.


Bureau of Reclamation officials
said yesterday that competitive bid
ding" IN the cement industry had
been reestablished by award of a
contract to the newly organized
Permanente corp. OF California.
Buying material for construction
Of Shasta Dam in California, the
Treasury Departments Procurement
Division accepted Permanente's S
offer to provide $3.50 900 barrels of
low-heat Portland cement at $1.9O
plus a barrel, or a total cost of SILL
025 ,892.80. 1t rejected the combina-
ton bid Of the Portland Cement
Institute. which it said was $685.
854.82 higher and averaged $2.1O
plus per barrel.
Bids were called by the Bureau of
Reclamation and the Procurement
Division awarded the contract as a
Governments purchasing agent.
For almost 10 years, bureau Of
ficials said. there usually has been
only one bid on these big reclama-
tion projects, representing COM
bination of offers of all cement
interests in the community.
The institute group bidding on
the Shasta Dam cement included
the Beaver Portland Cement Co.,
the Calavaris Cement Co., the
Monolith Portland Cement Co., the
Pacific Portland Cement Co., the
Santa Cruz Portland Cement Co.,
and the Yosemite Portland Cement
Co.
Evening star., 1939-06-11
Hami|ton-Brown Shoe Co.
Dissolution Recommended
Rv the Associated Press.

~ 'i'c E1nSOCldteu fTtSS.
ST, LOUIS. June Johannes x.
Vardaman, ir. co-trustee of the
Hamilton Brown Shoe Co.. recon-
mended today to Federal Judge
George H. Moore liquidation Of the
56-year-old concern. once the largest
manufacturer of shoes in America.
Mr.. Vardaman and o-trustee
John w. Lake. had been ordered by
the court to submit plan of reor-
ganization for the company, but he
reported they were unable to evolve
a satisfactory plan.
There is" Mr.. Vardaman said
no apparent reasonable probability
OF securing the necessary combina-
ton of adequate new capital, salts
factory settlement of debts, and a
sufficiently large longtime loan
upon which to base a reorganization
plan that would embrace all ele-
ments necessary to potential sue
cessful operation"
Mr.. Vardaman declared financial
ly sound reorganization was i'm
possible unless a net working capl-
tai OF $500,000 was available for the
company after settlement on a
greatly compromised basis of all un-
secured claims
With his report was an auditors
statement fixing the companys as
sets at 6l,259.954 and it's liabilities
exclusive of contingent debts, at ST.
074. .302.
Evening star., 1939-06-11
National Income
Drops 10PerC Cent
During 1888
District of Columbia
Average Is FoirIy
Well Maintained
BY the Associated Press.

NEW YORK, June 10.-The ma
tional income dropped 10 per cent
in 1888, compared with the previous
year, the National Industrial Con-
ference Board estimated today. The
board is a research organization
supported largely by contributions
from private business corporations.
According to its estimates, based
upon a survey completed by Its di-
vision Of industrial economics, 1887
income totaled $6e, 400 900 900, and
1888 income, s62, 500 900 900.
Based on accompanying increase
Of population by $4,000. per cap
ita income decreased 10.6 per cent
in the same period, the board said.
Greatest estimated decrease was
in Michigan, % per cent, due to
smaller automobile manufacturing
activity and industrial demand.
South Dakota, still recovering
from the effects of the drought, en-
joyed l per cent increase. In
come in agricultural States and in
the District of Columbia was "rela-
lively we'll maintained in 1888" the
board added.
New York State income DROP
ping 8 per cent in the period, did
better than the national average,
the board said New Yorkers. to-
taling 10 per cent of the national
population. and having a higher
than average cost of living received
1876 per cent of the national in
come
Per capita income for 1898 ina
tional average) was $3.50, compared
with the previous years $537, the
board said. The District of Co.
lumbia led the Nation with $1065
per capita income, more than dou-
BILE the national average; New York
was next with STAB: the States of
Alabama, South Carolina, North Da-
kota, Tennessee. Georgia and Ken
lucky ranged from $2l9 to $279.
Evening star., 1939-06-11
Sharp Rise Is Noted
In Retail Trade
For Washington
All Reporting Stores
Show Gains Over Lost
Week and Year Ago

Retail trade in Washington during
the past week "Surged ahead at an
almost unprecedented rate, accord
ing to the Department of Commerce,
with all reporting stores, without ex-
ceptlon, showing gains over both last
week and year ago.
The increase over the same week
last year averaged slightly more
than 81 per cent and the gain over
the previous week was more than
80 per cent. Individual gains over
last year ranged from 928 per cent
to SOL per cent. while the gain over
the previous week ranged from SIP
per cent to $50 per cent. ClearingS,
S25, ,766,063; year ago. $23,558,627.
Visitors to the Washington Monu-
ment during the past week, 26,2O6;
year ago. 24.290. Total passenger
revenue, past calendar week, Capital
Transit Co.. S220.244: year ago, S205,-
667. Building permits, past calen-
dar week. S467,000; year ago, S438,-
$50.
District Sales Gain.
HASolilliliN 1A1 IliSI oCtdilS VII dC-
partment store sales in the fifth
Federal Reserve district, in May.
came from the Federal Reserve
Bank of Richmond, following a
statement yesterday by the Board of
Governors of the Federal Reserve
System, that May sales in this dis
trict were l6 per cent larger than
in May, 1898.
Six stores reporting from Wash
ington showed a gain of 1873 per
cent in May this year over May.
1888, whereas May. 1888. was l06
per cent behind May, 1887.
For the fve-month period WASH
ington's six reporting stores again
exceeded the average for the fifth
Federal district by showing a gain
of 5 per cent, as against the first
five months of the previous year.
while the district as whole showed
a gain of only per cent.
Richmond Stores Ahead.
Only three stores in the fifth dis
trict showed decreases-in Charles
ton. S. c., where an outbreak of in
fantile paralysis in May seriously
affected retail trade
Three stores reported from Rich
mond gain of 1873 per cent for
May over May, 1888, and 13 per
cent for the five months over the
same period last year
Baltimore's eight stores reported
ISL per cent gain in May and an
increase of IL per cent for the five
months.
Thirteen Virginia stores reported
gain of 14.4 per cent in May and
18 for the five months.
Evening star., 1939-06-11
Ford Trophy
Awarded
George Mason

The sales mean jobs" movement
of last summer has been recognized
as the outstanding selling event in
1898.
The recognition is the presenta-
ton of the Howard G.. Ford Trophy,
a national award for business
achievement, to the movement origi-
mated by George w. Mason, presi-
dent of the Nash-Kelvinator Corp
The trophy, presented at the annual
convention of the National Fedora
ton of Sales Executives, is joint
award of the federation, its Phila-
delphla branch and the Wharton
school of Finance of the University
OF pennsylvania. The campaign,
nased on the idea statesmen could
STIMULATE tagging business, quickly
spread to 1,l0o cities within q few
months.
Evening star., 1939-06-11
Stock Issue Proposed

NEW YORK, June 10 (SpeciaD -
The Beach Aircraft Corp. of Wich-
ita, Kans., manufacturers of air
planes for commercial and military
purposes, has filed a registration
statement with the Securities and
Exchange Commission covering an
issue Of 100000 shares of capital
stock. The issue is to be underwrit-
ten by an investment banking group
headed by Stern, Wampler & Co.,
Inc.
Evening star., 1939-06-11
Chicago Stock Market
Takes Upward Trail
By the Associated Press.

BY the Associated Press.
CHICAGO, June 10-Gains Of
fractions to point were sprinkled
literally through the list of Chi
cago stocks today.
Transactions totaled II 900 shares,
and at the close 36 issues had net
advances. while 7 were lower and
% were unchanged.
Volume for the week was 135. 900
shares, compared with $4,000 last
week and $4,000 . year ago.
Evening star., 1939-06-11
Trade Pact Program
Fifth
Year Tomorrow
Issue Of HeIpfuIness
To Business Will Grow
In Intensity This Year
b. the Associated Press.

B- the Associated Press
Secretary Hull's trade agreements
program, cornerstone of President
Roosevelt's foreign policy. will COM
plete five years of activity tomorrow
with debate still continuing as to
whether 1t has helped or harmed
the Nations commerce.
The State Department can pro-
duce impressive figures to show 4
growth Of foreign trade. But op-
ponents argue that the United
States international commerce
would have been even larger with
out the agreements.
1t is an issue that has every in
dication Of growing in intensity in
the next IL months. for next year
the Trade Agreements Act will come
up for renewal in Congress. 1t was
renewed for three years in 1887 by
large majority.
20 Nations Join Experiment.
In the five years since the Trade
Agreements Act entered into effect
June IL, 1890 nations have
embraced the American Govern
ment's new experiment in interna-
tional economics and accords with a
half dozen other nations are under
negotiation.
Within the framework of trade
agreements so per cent of the total
United States foreign commerce is
now carried on. Tariff reductions
have been made on over 1000 classi-
fications of products.
Secretary Hull cites that Amer
lean exports in the 1878 period
to the II countries with whom trade
agreements were in effect jumped
81 per cent compared with 1886.
Under the same comparison Amer
lean exports to n-agreement
countries increased only SO per cent
Comparison of Imports.
In that time imports from the
agreement countries increased IS
per cent compared with An increase
from non-agreement countries of
81 per cent.
An even larger percentage of
trade will be conducted under
agreements this year since that with
Great Britain and the British COL
onies, embracing 20 per cent of the
total United States foreign trade,
went into effect last January l.
Secretary Hull regards the agree
ments not only as method OF in
creasing commerce through the
lowering Of trade barriers but also
as a means Of augmenting the
chances OF peace through giving all
nations greater access to raw ma
terials. He has said repeatedly, too.
that the United States must buy
in order to sell, and that imports
as we'll as exports create employ
ment and profits.
Arguments by Opponents.
On the other hand, opponents OF
the agreements argue that:
They let in foreign manufactures
and raw materials and thereby in
jure American producers. Although
the quantity may be small the i'm
ports weaken domestic prices.
The agreements are negotiated
without consulting American in
terests.
The agreements are not constitu-
tional because they are treaties
which should be consented to by
the Senate.
Evening star., 1939-06-11
1899 Wheat Crop
Will Be Shortest
Since 1896
Surplus From Lost Two
Years Will Keep U. 5.
From Importing
By the Associated Press.


The Agriculture Department has
forecast that this years wheat crop
would be the smallest since the 1886
drought season. when the United
States found it necessary to import
grain.
On the basis Of conditions June I,
winter wheat crop of 523 431 900
bushels was indicated. This COM
pared with last year S production Of
6S6 .637 900 bushels.
The spring wheat production was
forecast at between 145 900 900 and
70.0O0 900 bushels compared with
244 .164 900 bushels last year. This
would give a total crop of between
668, ,43l 900 and 693, ,43l 900 bushels,
compared with last year S harvest Of
$50 ,801 900 bushels and 1855 short
crop Of 626,766 900.
Normally, the United States re-
quires about 100000, 900 bushels to
supply domestic and export require
ments. A crop of the proportions
indicated in today's report would
be short Of such requirements.
Surplus Is Reserve.
However, an estimated surplus OF
275 900 900 bushels from the bumper
crop of the last two years should
furnish a reserve sufficiently large,
officials said, to supply all antici-
pated needs.
Two factors were responsible for
the reduced prospects. They were
the A. A. AS crop control program
under which farmers were offered
n cents a bushel to make a sharp
reduction in their paintings, and
spring drought conditions which
damaged the winter wheat crop in
the Great Plains region.
The department said unfavorable
growing conditions during the first
three months of May cut the pro-
spective winter wheat crop at least
2O.0OO,OO0 bushels.
In the Great Plains area, the
continuation of hot, dry weather
which had marked the close of April
brought further deterioration in
winter wheat prospects" it said.
Rather general rains the last week
of May halted. at least temporarily,
the deterioration over a large part
of this area, and in some sections
prospects improved"
Spring Wheat Estimate.
The departments estimate of
spring wheat production was based
on the prospective paintings re-
ported in March and the June l
condition of the crop, which was
placed at II per cent of normal
compared with 81 per cent year
ago and IS per cent for the 1928
1887 average.
The condition was said to have
been below average over the entire
spring wheat area with the excep-
tion of Montana and few minor
spring wheat States. Hot, dry
weather, in early May, retarded
growth and resulted in short, un-
even stands.
The department said that con-
sidering all crops, prospects on
June l were quite generally lower
than the rather favorable prospects
of year ago, and for the country
as whole averaged about 7 per
cent lower. The chief areas re-
porting crops better than year ago
were Eastern New Mexico and the
lower cotton belt.
A rye crop Of 34,628, 900 bushels
was indicated. This compared with
55,O39,000 bushels produced last
year
Evening star., 1939-06-11
Transit Revenues Show
Gain Over Lost Year
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, June 10.-Revenues
for the transit industry, for the
week ending June 3, 1899, based on
telegraphic reports received from a
representative group of transit op-
Grating companies, showed a con-
siderable increase from last year.
Transit Journals Revenue Indica-
tor stands at 103.29, which repre-
sents a gain of 329 per cent from
the corresponding week in 1898.
For the week ending May n,
1889, the indicator was 1929.
The latest indicator figure re-
manned at exactly the same level
as for the preceding week as gen.
eral conditions throughout the coun-
try remained the same with small
losses shown in the Midwest.
Evening star., 1939-06-11
Associated System Output

NEW YORK, June 10 (SpeciaD.-
For the week ended June 2, Associ-
ated Gas & Electric System reports
net electric output of sc, ,028 972 units
kwh). This is an increase of $685.
278 units, or 112 per cent, above
production of 77,340 ,694 units for q
year ago. Gross output, including
sales to other utilities. amounted to
92,06e, ,s76 units for the current week.
Evening star., 1939-06-11
Union Carbide Corp.
Will Expand Plant
BY the Associated Press.

BY the Associated Press.
CHARLESTON, w. Va, June TO-
The Union Carbide e. Carbon Corp.
announced plans today for construc-
ton of an addition to its local
plant estimated to cost from ST.
900 900 to 81 100000.
Company officials said the addi-
ton would extend existing facilities
for the manufacture of vinylite, a
synthetic resin used as plastic and
in the making of safety glass.
The concern operates about ITO
plants in the United States and
Canada.
Evening star., 1939-06-11
Giunnini Interests Lose
Injunction Plea
By the Associated Press.

By the Associated Press.
SAN FRANCISCO, June 10-The
Giannini banking interests lost q
preliminary skirmish in Federal
Court here today when Judge A. F.
St. Sure refused to dismiss injunc-
ton proceedings brought by the
Securities and Exchange Commis-
sion against Time Trust. Inc.
The S. E. c. charged Time Trust
was selling Bank of America stock
on the installment plan, in effect,
by making material misstatements
and omissions and was using the
mails to further the plan. 1t asked
an injunction against eight defend
ants.
In a 24-page opinion Judge st.
Sure denied the motions of the
Giannini defendants to dismiss the
injunction, to make the complaint
more definite, to furnish bill OF
particulars and to strike out parts
of the complaint.
Evening star., 1939-06-11
Odd-lot Transactions

The Securities Commission re-
ported today these transactions by
customers with odd-lot dealers or
specialists on the New York Stock
Exchange for June 8: 1883 pur-
chases, involving 79.4l6 shares;
4,272 sales. involving 100 1903 shares.
OF these total sales there were 1877
short-sale orders involving 3,057
shares.
Evening star., 1939-06-11
Oil Well Is Tested

PONCA CIT.y, Okla, June 10
(SpeciaD Continental Oil Co.'S C..
E. Schultz No. l well, Wabash
County. ILL.,. flowed IA barrels on
a full 24-hour test, it was announced
here today. The well, which ex-
tends production ~ miles north
east from the Cooper pool, Gibson
County, Ind, was completed May
81 at total depth of 1892 feet in
the Cypress sand.
Evening star., 1939-06-11
Melting Scrap
Steel Price
| Rises Again
BY the Associated Press,

By the Associated Press.
NEW YORK, June 10.-Dow Jones
Il Co. said today in a Pittsburgh
dispatch that No. l heavy melting
steel scrap was now quoted STATS
$l525 a ton. an advance of Is cents
and gain for the week of IS cents.
Some other lines of scrap were also
higher, the agency added.
Chicago, st. Paul, Minneapolis e.
Omaha Railway Deficit, four
months ended April 30. was 81 ,248,-
$50 against deficit Of 3l,l22,e61.
Evening star., 1939-06-11
How Is Business?

ShtRAl BUSINESS ACTIVITY for ne cy
area" indicate declines ms.ns~ ht.svsm Hss.Es, 0