davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-06-23
Climax MoIybdenum
Stock Demanded in
Court Action
American Metal Co.
Directors Accused in
Conspiracy Case
By the Associated Press.

NEW YORK, June 23.-A court
action demanding transfer of title
of two-thirds interest in the $751;
900 900 Climax Molybdenum Co.. to
American Metal Co., Ltd, has been
started by two American metal
minority stockholders against pres
ent and past directors of American
Metal Co., it was disclosed today.
Climax is the worlds largest pro-
ducer of Molybdenum, an important
basic steel alloy used to give metal
strength and toughness. The $69,-
600 900 American Metal Co., while
primarily engaged in copper mining
and smelling. has properties both
here and in foreign countries and
does general trading in ores and
metals.
The American Metal minority
holders suit charges conspiracy"
dating back to 1916 under which
Molybdenum was claimed to have
been seized without payment of any
consideration. The suit was begun
in New York State Supreme Court
last December %. but was not dis
closed until today. 1t asks an ac-
counting of all securities and monies
received by the defendants and their
assigns, and their transfer, with
damages, to the American Metal
Co., which they say is rightful owner
of a two-thirds interest in Climax
Molybdenum.
The suit questions ownership of
around 100000 shares of the
Molybdenum Co.'S 100000 out
standing common shares, at the
present market value worth around
$50 900 900. Also in contest is $685.
600 of the $14,427 900 dividends paid
out by Climax since disbursements
were started in 1888
Defendants in the suit include
Henry Bruere, president of Bowery
Savings Bank; Carl M. Loeb, wealthy
Wall street broker; Max Schott,
president of Climax; Otto Sussman,
chairman of American Metal and a
Climax director, and others.
Originally there were two separate
actions, one brought by Marian B.
Gutwillig and the other by Alfred
Turner, described as minority Amer
lean Metal shareholders. The two
actions now have been combined
under one complaint
The complaint charges Climax
Equity was diverted into the hands
of American Metal directors per-
sonally and their assigns back in
1916 shortly after the American
Metal Co. contracted to purchase
vast Molybdenum deposits near
Climax, Colo, owned by Hugh Leal.
Evening star., 1939-06-23
Member Bank Deposits
Climb at New York
BY the Associated Press,

by Lne hSSOClateQ FIeSS.
NEW YORK, June 23.-Deposits
of member banks for Reserve &C
count with the New York Federal
Reserve Bank rose about $28. .0OO, 900
during the past week, the bank S
condition statement disclosed.
The general account of the United
States treasurer with the bank de-
clined around $13,000,0O0.
Gold certificates on hand and due
from the United States Treasury
rose $32, 100000.
The condensed statement follows:
Gold Certificates on hand and due from
United States Treasury, S6.3S7.56 900.
Total reserves. S6.490,622, 900. Bills dis
counted: Secured by United States Gov
ernment obligations. S344 900: total bills
discounted, S1.41a.0O0. Bills bought In
open market; S2l3,ooo. Industrial ad-
vances. So ,s3S.O00, Total United States
Government securities s!2I ~ ! 957 900. 900. To-
collected items, sl63; 900, Federal Re-
serve notes in actual circulation; 81 .091.-
545Hoo Repesits oo Member bank
S6.03s $4,000. Ratio, Of total reserves
bilities combined, 81 Der cent.
Evening star., 1939-06-23
British-Germun Transfer
Agreements Extended
By the Associated Press.


LONDON, June 23.-The govern
ment announced yesterday that
British German transfer agreements
OF July l, 1888, covering Austrian
external loans had been extended to
medium and long-term debts owed
by persons in the Sudetenland to
British holders.
Under an agreement signed in
London last Friday the announce
ment said, provisions of the earlier
accords would apply to such debts.
except that the date for determining
ownership would be September 20,
1938-the date of the Munich con-
ference-instead of July l, 1897.
The agreements reached last July
provided that Germany assume
responsibility at reduced interest
rates for the principal loans of an
nexed Austria in a broad settlement
of Germany's obligations to Great
Britain.
Evening star., 1939-06-23
winnipeg Prices.
WINNIPEG. June 23 LP.-Grain range
U. S. Leud Production
Gains During May
BY the Associated Press.

NEW YORK, June 23.-Output Of
lead by United States refineries in
creased to 46,006 tons in May, COM
pared with 39,250 in April and 32,977
in May, 1898, the American Bureau
Of Metal Statistics reported today.
Shipments we're up to 40,124 from
37,903 in April and 25,098 in May.
1898. Stocks, however increased to
129.270, against 123,394 in April.
The total year ago was 164,63e.
Evening star., 1939-06-23
Chicago Grain
BY the Associated Press.

BY the Associated Press.
CHICAGO, June 23.-The wheat
market staged its strongest recovery
in three weeks today, rallying more
than a cent a bushel from the
lowest prices quoted here in two
months.
Factors that helped to reverse the
markets recent downward course
included revival of milling demand.
congressional approval of the farm
benefit program and scattered un-
favorable crop reports from the
spring wheat belt.
Wheat closed to Ia cents higher
than yesterday; July. 69a4-7s; Sep.
tember. 705s-s, corn, ss-1 cent up;
July, 48l2-Ss; September, so; oats.
3a-3a higher.
Evening star., 1939-06-23
New York Suqur

NEW YORK. June % lP--Nervousness
by the International Sugar Council stimu-
lated profit-takine in world sugar futures
today despite trade and Cuban buying.
3 points lower December sold at 11e
throughout. and May was at its low OF
1.13Ia. or 2 lower
Domestic futures were also easier under
liquidation and hedging which was onset
by trade and Cuban demand. Prices were
unchanged to ! point lower. March was
UNCHANGED ct 1SS
Raw sugar offerings were held at 80
cents on q duty-free basis. while Cubas
cents on a duty-paid basis. Refined re-
mained 4.4H to 4.50 cents.
Evening star., 1939-06-23
New York Cotton
BY the Associated Press.

y
NEW YORK, June 23.-With q
growing belief among traders that
an export cotton subsidy is in
evitable, cotton futures moved into
new high ground on all deliveries
today. Foreign and domestic buy
ing was aggressive.
Prices we're trimmed a bit by
profit-taking and in midafternoon
were 4 to points higher. July was
ahead at $40 and October at 8.74
was up 6.
In late trading the market moved UP
sharply to close at the days highs Re-
newed foreisn buying came into March
and May and New Orleans brokers bought
distant positions
4 IA
Evening star., 1939-06-23
Dry Goods Market

NEW YORK. June % dP.-worth street
reported all grey goods quotations, includ-
ing both fine and coarse yarn. advanced
W cent q yard today. Business was not
all secondhand offerings were exhausted.
Rayon goods turnover remained small.
although some interest was reported in fall
lines Silk fabrics met slow demand. Wooden
foods sales were siven impetus BY book.
ings for practically eu types OF fall ap-
Evening star., 1939-06-23
Cities Denied Voice
In Utility Trust Suit
By the Associated Press.

WILMINGTON. Del, June 23.-
Motions of the city of Detroit and
the city Of Toledo seeking orders
permitting them to intervene with
the defendant in the Governments
antitrust suit against Columbia Gas
& Electric Corp, were denied by
Judge John P. Nields yesterday in
the United States District Court.
The complaints of the two cities
centered about natural gas rates.
which the court ruled are outside the
scope of issues raised by the Gov
ernment's supplemental complaint.
Evening star., 1939-06-23

Lehigh Portland Cement Co.-De-
clared a dividend of 371a cents a
share on common stock payable
August to holders Of record July
IA. Last previous payment was IS
cents q share on May !, 1899.
Evening star., 1939-06-23
Index of RetuiI Cor
SoIes Soqs in May
By the Associated Press.

The Commerce Department says
its seasonally adjusted index of re-
tail passenger automobile sales de-
chned from 795 per cent Of the
1929-193I average in April to 7s5
in May. In May, 1898, the index
was at $40 per cent.
Evening star., 1939-06-23
Cottonseed Oil.

Cottonseed oil futures declined . to
points in forenoon dealings today, again
making new lows for the season Stead-
ness Of hogs, lard and cotton Cancelled
the effect Of lower Chicago corn futures.
Outside speculative interest was insult
fcient to hold minor rallies from the lows
July and December each were of 3 at &. .3s
and SO Crude oil sales in the Valley Ley
5as and Texas was 5Is to 5h4 nominal
Evening star., 1939-06-23

PARIS, June % (R.-The United
States dollar was quoted 37.75 francs
t2.649 cents to the france in final
foreign exchange dealings today
and compared with similar franc
rate in New York overnight. Ex-
change on London, 176.72.
Three per cent rentes in the
Bourse were 7720 francs; ANS a."
$685.; AVS 1887, 157.00.
Evening star., 1939-06-23
Dollar Is Unchanged
In London Trading
By the Associated Press.

LONDON, June 23-Final rate
for the United States dollar was
4.681s to the pound today, un-
changed from yesterday and COM
pared with New York's overnight
sterling at $4.68 3-16.
French francs remained 176.72 to
the pound.
Evening star., 1939-06-23

Bleachable cottonseed oil futures closed
As higher. Sales, 226 contracts. July
6.45b: September. f.65b October 6.71b;
December. 6.1S: January, 6.S3b.
Bid
Evening star., 1939-06-23

~.
stInt Of trading 10 shares
rn BANKRUPTCY reeeiveshlp being Ieorsanized under
Bankruptcy Act securities assumed
Rates OF dividend the foregoing table annual dsbue
Unless otherwise noted special dividends ncuded
last year Payable in stock Declared
Cash stock Accumulated dividends paid
clared this
Evening star., 1939-06-23

Chicago Cash Market.
Cash wheat, No. 3 red. 71hz (veevilyl
No; ? yellow. hard, Il a; sample. mixed
1Qia tweevily and smutty). Corn, No .
mixed, 50L: No. ! yellow, 504-Ia: sample
grade, As. Oats. No white 32s4-33l.;
sample grade. white. 1922. Barley, Illinois
mailing, 5Q-57 nominal; feed, 35-45 nomi-
nal. Rve No. 2, A.; No. 8, A., outside.
Evening star., 1939-06-23
d 1915 higher.
CottOnseed Oil.

Spot, nominal; middling, g.
n Nominal.
Evening star., 1939-06-23
United States Treasury Position

" the Associated Press.
The position Of the Treasury June 21 {
Evening star., 1939-10-17
Series Of Psychiotry
Lectures Scheduled

DR.. Harry Stack Sullivan, pro-
fessor Of psychiatry in the George
town University school Of medicine,
will give the first In q series Of i've
lectures on modern psychiatric con-
ceptions, sponsored by the william
Alanson White Psychiatric Founda-
ton, at $50 pm. October ~ In the
Interior Department Auditorium.
DR.. Sullivan will speak on "Concep-
tions Of Modern Psychiatry."
Subjects Of the remaining four
lectures, also to be delivered by DR..
Sullivan, and their dates are "Or-
ganism and Environment" Novem-
Der s; "Diagnostic and Prognostic
Syndromes," November 10: Explain
atory and Therapeutic Conceptions, u
November II, and Prospective De-
velopments and Research" Novem-
Der "A. Each of the lectures will be
held at $50 pm. in the Interior
Department Auditorium.
The lectures are intended ITO car
~ forward . psychiatry which help
fully interpenetrates every field of
the study Of man and the improve
ment of living" according to the
foundation. They are free to the
public.
Evening star., 1939-10-17
-Four Named 10 Attend
Havana Labor Sessions

Four Americans already have been
designated to attend the Second
Regional Labor Conference Of the
Americas at Havana, Cuba, begin
ming November 81, sponsored by the
International Labor Once, 1t was
announced here today.
Other citizens of this country will
be appointed by President Roose-
velt, including probably two Gov
ernment oficials, as well as en-
ployer and worker representatives
for Havana.
Those already designated in their
capacity as International Labor Of
mce officials are Director John @.
Winant, Ex-Governor Of New Hamp-
shire and first chairman Of the So
cial Security Board; Carter Good
rich, United States commissioner
Of labor at Geneva and newly elect
ed chairman Of the I. L. o. gov
erning body; Henry I. Hartman,
former president Of the United
States Chamber Of Commerce, and
Robert J. Watt, former secretary of
the Massachusetts, State Federation
Of Labor, employer and workers
representatives, respectively on the
governing body at Geneva.
Delegates from 20 American coun-
tries, including Canada, participated
in the first conference Of this na-
ture at Santiago, Chile, IN 1896.
Evening star., 1939-10-17


were strongly for repeal of the en-
barge. The incident is one Of the
few challenges to pressure groups.
which, in recent years, have been
mobilizing telegram drives on Con-
gress.
Few such drives can be checked.
It Is different in the case Of Mr..
Snyder. He comes from Upper
Tlrkeyfoot Township in Somerset
County. One can do a hotfoot
around Turkeyfoot and talk turkey
to everybody, down at the depot or
over at the feed store, If you don't
find them home. Perryopolis is the
town. and Mr.. Snyder, having been
born on farm near there go years
ago, doesn't have to hold a telegram
up to the light to know whether it
is spontaneous or inspired. If Uncle
Billy Tarbox signs for the boys at
the coke plant, he knows 1t is on
the square: otherwise not. It Is q
check which the big-city legislators
do not have. Telegram blizzards are
an interesting trend of political
meteorology. Mr.. Buell's check-up
is novel and interesting.
He taught in country schools, did
summer work at Harvard and CO.
lumbia, served as principal of sew.
eral high schools and became q
widely known leader in rural edu-
cation. He takes pride in having or
ganiZed the Interhigh School Lit.
erary, Debating and Musical Club.
In Congress since 1888, he has
worked hard and said little. He is q
Democrat, the co-author Of the
Guffey-Snyder bituminous coal bill.
When he slammed in the $500 0O0,.
600 Army supply bill last March, he
swung his birch rod on the dicta-
tors. He said the appropriation
would show them we meant busi-
ness.
(Released BY Consolidated News Features.)
Evening star., 1939-10-17
Girl Scouts to Attend
PhiIudeIphiu Sessions

Mrs. Frederick H. Brooke, ma
tional president of the Girl Scouts,
will lead the District delegation to
the National Scouting Convention
which will open in Philadelphia on
Monday. Mrs. Franklin D. Roose-
velt will address the first session in
Convention Hall.
Interspersing business with train
ing sessions, the convention will
continue the entire week. Rep
resentatives from Washington will
include Mrs. William r. Crosby,
commissioner Of the Districts Girl
Scouts; Mrs. w. M. Kiplinger, depu-
ty commissioner; Mrs. Charles Lind
say, former commissioner; Mrs. Ger
rit s. Miller, jr., former commits
sioner; Miss Dorothy Davidson, di-
rector of District Scouts; Miss Mary
Helen Cattell, field captain, and
Mrs. G. l.. Bowman, hostess Of the
Little House.
Evening star., 1939-10-17
Odom Named Solicitor
For Veterans Unit

Edward w. Odom, assistant So
licitor at the Veterans Administra-
ton since 1885, has been appointed
solicitor, succeeding James T. Brady,
who died last June, according to an
announcement by Administrator
Frank T. Hines. Mr.. Odom's ap-
pointment becomes effective i'm.
mediately.
Mr.. Odom, graduate of the Uni.
versity Of Denver and the West
minister College Of Law Of Denver
and member Of the bar In Colora-
do, the District and at the Supreme
Court, entered the Veterans Ad.
ministration in 1920.
Evening star., 1939-10-17
But Hands of Canada

But not the Senator laid another egske idea et
hands OIL friendly neighbor north
not them They wheat and mine wheatraisng sae
they produce milk ana my also keep cows they nave large
industry State still
cutting they army might fight
must fight with position
to defend himself"
And In conclusion the gentlemen remarked aow
for the methods the attacking
isolated nations Poland thuana
which match for their fellow this
not and what American wants
Of the blood suffering countries point
the peaceful rise in the price Of wha September and
Strauss and Bach.
Evening star., 1939-10-17


The organized Republican party.
through Chairman John Hamilton
of the national committee and
through the expressions Of Re-
publican Senators and Representa-
tives, irrespective of their stand on
the embargo, has dedicated itself
to keeping this country out Of
the European war. It is not alone
in this attitude, for the Democratic
administration has given similar
pledges.
The Republican party. however,
Is confronted with the Job of get
ting the minds Of the American
people back to domestic issues,
once the embargo repeal has been
accomplished. For 1t is on domestic
issues only that the party has any
hope of winning the presidential
election Of 1910. provided the United
States itself does not become in
volved In the European struggle.
Boost to Prestige.
Republican leaders are giving this
matter considerable thought today,
both in Congress and out. They
realize that victory for the ad-
ministration on the controversial
embargo issue is going to be hailed
as another demonstration of the
Roosevelt leadership in this country,
that 1t viii add to the Presidents
prestige throughout the country
They understand the Democrats
will make the most of it.
In New York the United Re-
publican Finance Committee, which
is campaigning now for campaign
funds for the 1910 political war
chest, has undertaken to answer
a number Of questions most fire.
quently asked by contributors. One
Of the questions is What is the
Republican party's program?"
The answer to this question, made
In cooperation with the Republican
National Committee, is: "Just as ir
the last session Of Congress, when
q coalition Of Republicans and con.
servative Democrats gave the Ma.
ton program which even now i.
pulling us toward recovery. the Re.
publican party continues to seek
broadly for economy in government
absolute fairness and impartiality
toward both business and labor
conservative methods of running the
Nations business instead of reliance
onexperimental schemes and a gen.
uine attack on the problem OF I'm.
employment.
"The party does not intend to lei
q war across the Atlantic Ocear
obscure the fact that our domestic
problems are as far from solved a.
ever"
Peoples Minds on War.
1t is pretty difncult-from here
to make any prediction as to thu
length of the European war. Tht
difficulty of taking the minds of thu
American people away from thai
war, however, If it continue.
throughout the coming year, is likely
to be very considerable. Nor car
any one say with certainty how thu
war Is going to affect our domestic
economy. How much of a boost /.
it likely to bring to American In.
dustry and agriculture, and how
much unemployment will these con.
ditions cure? With more business
more employment in this country
II those things eventuate-there vii
Evening star., 1939-10-17
On Pressure Groups

vent As puzzled
fortunate people America
California where the radio has
the similar ham
real political Townsendte
menace national scale using Senator Sheridan
na the silver pensions
licking their anticipation forming staggering
Naturally they
No wise person will join them their however Such
Coughn
Yet resisting them calls
is better to prevent their formation
Newspape Aniance IncJ
Evening star., 1939-10-17

The United States Flag Associa-
ton will make Fire Chief Stephen
T. Porter a life member of the Or
ganization in ceremony at noon
Friday in Chief Porter's ONCE at the
District Building. Col. Patrick Hur-
ley will present the certificate indi-
eating the life membership.
Evening star., 1939-10-17

hind the hand.
outs. That Is, he
needed current
warnings to look
p opa g q n d q
gift horses In the
teeth. Checking
up his home dis
trict, he found
that his daily
sackful Of pro-
embargo letters
q n d kilograms
had nothing to
do with the at
titud e Of his
constituents. He
IA: 49,
Evening star., 1939-10-17

HE opinions Of the rttrs this page their on,
necessarily The Stars Such opinions are presented s re
readers although such opinions may be contradictory among
themselues and directly opposed to The Stars
Evening star., 1939-10-17

taken to make
q partisan issue
Of the arms en-
barge. M q n y
prominent Re-
publicans an d
practically all Of
the great Re-
publican news
papers Of the
country have as
q matter of fact
given support to
the Roosevelt
q d m l nistration
in its fight for
repeal Of the
A~nkn~~A
Evening star., 1939-10-17

months relating
to the national
budget and to
taxes have by no
means been side
tracked.
For one thing,
the Congress has
q committee of
both the House
and Senate at
work on tax
changes W h i c h
will be intro
duced at tn e
January session.
Increases in tax
Evening star., 1939-10-17
Christmas Seals Arrive;
Firemen Aid in Work

The District tuberculosis Associa-
ton yesterday received its largest
allotment Of Christmas seals in
preparation for the coming 1889
Evening star., 1939-10-17

campaign. which
ope n s Thanks
giving Day.
The new seals,
d e signed by
Rockwell K en- It,
arrive d in 20
iron-bound box
es, and are being
folded for mail
ing by several
groups Of Dis
trict hrenen at
direc ction of
Chief Engineer
Stephen Porter.
A number Of
Evening star., 1939-10-17
The Capital Parade
Fother coushIin Expected to Be Barred From Air
Under Broudcosters' New Code
BY JOSEPH ALsOP and ROBERT KINTNER,

BY JOSEPH ALSOP and ROBERT KINTNER.
The code Of the National Association
big domestic event will ultimately bar Father Charles Coughn
from the air It has already prevented the from putting
tremendous
orecoses the possibility Of other demagogue
received almost attention. IS
the radio business has
like the franchises Of the business Knowing
that public utilities and private should
radio have agreed sell time
Evening star., 1939-10-17
Jo v. Morgan to ToIk

10 v. Morgan Of the District
Board Of Tax Appeals will address
the Washington Institute Of Public
Accountants at $50 o'clock tonight
In the Willard Hotel. He will dis
cuss the new District income tax law.
Evening star., 1939-10-17
BY G. GOULD LINCOLN.

The organized Republican party
represented by the national COM
mittee and the Republican mem-
bership In Congress-has not UNDER
Evening star., 1939-10-17
CHRISTMAS
SEALS

later will aid the firemen, under d.
rection Of girls on the associations 8
ONCE stan.
The seals feature the head Of .
woman encircled by q halo with II
red double-barred cross standing
out against q background Of blue.
Evening star., 1939-10-17

Bicycle accidents caused the death
Of 1A persons in Toxic In the first
half Of this year.
Evening star., 1939-10-17
Convenient Instrument

The was convenient instrument Of the united front It is
including
baseball clubs and the movies reguaoy bodies
no Judge Lands and beaued the Will Hayso
the N
the CODE which previously
by all the
The codes pertinent section making it oense for
station to sell time the or controversial
This of nterferes with the stations
companies heatny practice OF giving free time in fairly
In fact the N specifically pledges continuation
practice Nor selling regular
political parties during campaigns All that outawed
hookups by with brand
private grudge savatonm which they wish
to vent on the innocent public.
The American Civil Liberties vglant guardian
Council Churches Christ
On Pressure Groups
The bitterly attacked by Coughnites
and the lesion provisions
been held include Coughns
months Of existing boadcasng
Evening star., 1939-10-17

Curbed. bUt, III Cne end, unless the
N. A. B. lets itself be intimidated,
he will either have to change his
style Of talk entirely or stop talk
ing on the air. As for the Townsend
ties, they have just been frustrated
in an attempt to buy a national
hookup for their proposed radio
campaign.
The plans for this campaign
give you an idea Of the sort OF thing
that the code is intended tn nre.
Evening star., 1939-10-17
I ak Rute Rise
Expected
Next Year
Misunderstanding
Bills Revival
Anticipated
BY DAVID LAWRENCE,

Although the embargo debate OBJ
scures domestic questions for the
moment, the perplexing problems
that have to be met in the next few
Evening star., 1939-10-17
|HeudlineF Folk
And What
They Do
Snyder Checks Up on
Pressure Group Drive
To Retain Embargo
BY LEMUEL r. PARTON.

It isn't easy to fool an old
fashioned country school teacher
Representative j. Buell. Snyder Of
Pennsylvania, being such, went be-