davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
New High Quotations
In Cotton Market
all 10 Stand
Activity az Mills
And Retail Demand
Held Satisfactory
By the Associated Prtas.

~ tbe hs6OClate0 k1001.
NEW YORK, July 3-Market
values of cotton reached new high
levels for this season during the
early part of last week, but they
subsequently lost those advances
and some of their previous gains.
On the New York Cotton Ex-
change active future deliveries
showed net losses for the week of
7 to IL points.
A combination of factors brought
about the hating OF the advance
and the moderate recession, traders
said. These included increased re-
leases of loan cotton, the feeling
that the Government program for
export subsidies and a loan on the
new crop had been largely discount
ed, more favorable crop develop
ments, and the increased political
unsettlement in Europe.
During recent weeks prices of july
futures on the New York Cotton
Exchange have continued to make
large advances while prices of spot
cotton In Southern markets have
recorded little or no change. These
contrary developments have empha-
sized the fact that, while the SPOT
situation has been and is tight, the
shortage of spot cotton is being
relieved to a very considerable de-
gree by release of loan cotton.
Crop weather has recently been
more favorable.
Cotton mills continue to run at a
good rate for this time of the wear.
The turnover of cotton goods at
retail is said to be satisfactory.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
j. ). Wheat Markets
Strengthen Slightly
During Week
Domestic Crop Reports
And Foreign Events
Are Major Focors
By the Associated Press.

By the Associated Press.
Crop developments and the politi-
cal situation in Europe and the
Orient were dominant factors which
caused domestic wheat prices to
strengthen slightly last week, the
Agricultural Marketing Service said
today.
In its weekly analysis the service
reported that abundant rainfall
throughout most of the United
States and Canada improved pros
poets for spring wheat but delayed
harvesting of the winter wheat crop.
Some lodging and shattering of
ern Oklahoma and some bleaching
and shattering was reported in
Eastern Kansas.
Prospects for winter wheat showed
little change in Europe, the bureau
said Yields about equal or slightly
larger than last year were expected
in the Balkan countries, with the
exception of Rumania, where the
first official estimate placed produc-
ton at 144 100000 bushels compared
with 1T ,l54 900 last year.
The bureau said domestic cash
wheat markets strengthened largely
because offerings were comparative
~ small Much new winter wheat
went directly to mills on previous
purchases or into storage earmarked
for Government loans.
Foreign wheat markets also were
slightly frmer. The Winnipeg mar
ket advanced more than / cent. in
fuenced by strength at Liverpool,
where a somewhat improved demand
resulted from the unsettled political
situation in Europe.
Corn markets were weak despite
prospects for an increased feed de-
mand as a result of the sharp in
crease in hogs this season. Ample
moisture with moderately warm
weather prevailed throughout the
entire corn belt and the new crop
made excellent progress.
The bureau said some increase in
domestic utilization of corn this sum-
mer and TALL was indicated by a
Government report predicting the
1899 pig crop would be the largest
since 1888 and the third largest since
1923. Marketings of corn held at
about the previous weeks level with
slightly more than 100000 bushels
received at principal terminals. De-
mand was fairly active and some of
the decline in the futures market was
offset by some increase in cash pre-
miumS.
Rye, oats and barley markets con-
tinued weak.
At Chicago July wheat closed Sat-
urday at 697s to 70 cents a bushel
compared with Fridays close of 70la
to 1923. July corn closed at asa
compared with previous close of
467s to At.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Figures
| What They Mean
BY the Associated Press

by tHe Associated PreSS.
NEW YORK, July 3.--The farm
ers have the statisticians shaking
their heads and suspecting them
of slight of hand.
1t takes magician, they say, to
stretch IT per cent increase in
cash income into a 1875 per cent
Jump in rural retail sales, and this
apparently is just what the farm
ers have done in the first five
months of this year
In fact, rural retail sales have
been running within per cent of
the 1929 level while farm income is
about 81 per cent below the fig
ure for that year. The professional
figure jugglers would like to know
how the farmers do it.
Suspect Some Bias.
Analysts suspect some bias in the
figures for rural retail sales, since
they are based on volume of three
large mail-order houses and a large
group of chain units operating in
small towns and cities in agricul-
tural regions. They believe that the
increase in sales of these units may
be larger than the increase in total
rural retail sales.
Standard Statistics Co. attributes
the farmers apparent ability to
make dollar of income go farther
to several factors, among them a
decrease in farm overhead, a sub
stantial reduction in mortgage and
other debt and large cut in farm
taxes.
These, however, are long-term in
fuences, and observers are still at
loss to explain the sharp increase
over last year. Some are inclined
to attribute part of the rise in
sales to the larger portion of the
farmers cash income in the form
of Government benefit payments.
U. S. Payments Larger.
Although farm cash income in the
first five months waSsonly a little
greater than last year, about 13 per
cent of it was received in Govern
ment payments, compared with less
than per cent last year.
Analysts say that this income, out
of which no costs of operation have
to be deducted. has a greater in
fuence on retail sales than income
received from marketings.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Construction Work
In South Advances
To 9-Year Peak
S452, 480, 900 Volume
Recorded for First
Half of Year
BY the Associated Press.

BY the Associated Press.
BALTIMORE. Md, July 3-Con-
struction contracts awarded in the
South during the first six months of
this year mounted to $452 .48O, 900
the largest figure for any similar
period within the last nine years
the Construction Daily Bulletin re-
ported today.
Much of the total it added. is due
ito the tremendous sums the Fed
eral Government has been pouring
into public works and buildings
rural electrification and publicly
owned power developments.
Private contracts were tabulated at
more than one-tenth below the level
reached during the first half of 1898,
but public work is almost three
quarters ahead.
The total of $452, 480 ,0O0 to which
June contributed $4,000 900, Is
larger by one-third than for the
first six months of last year.
Road and bridge construction to-
falling 1913 100000 for the first six
iiioiitilo 10 oliSllllS duedO OF Lldt IN
the same period of last wear. this
type of working having maintained
greater stability than any other
phase of the construction field" the
bulletin said.
mississippi and Texas have led
the field with programs showing
awards totaling $1,000 900 and SIS
100000, respectively. Among other
active States are Maryland. Ala
bama, Virginia and West Virginia -
Sewer and water works contracts
totaled SIG, 100000. figure well over
the amount for the similar period
last year, while other heavy govern
mental construction such as dams
haroor, levee and airport improve
ments almost trebled, the aggregate
Tor the first six months being $50
$4,000. Wv
industrial construction during
this year has not assumed the pro-
portions of the same period for
1888, although removal of the ex-
cess profits tax is hoped to encourage
expansion of manufacturing faciii-
ties the bulletin stated.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
London Traders Keep
ToSide|ines Because
OF Uncertainties
Faint Support Appears
After Stern Speech
Of Lord HoIifox
BY the Associated Press.

by the associated freSS.
LONDON. July 3.-Harried Brit
ish stock traders were so busy last
week keeping their eyes on Berlin
and Washington and listening for
rumblings on the Danzig question
they had little time for selling and
less time for buying.
Some faint support came into the
market at Fridays close after
Foreign Secretary Lord Halifaxs
stern speech was digested. but.
speaking broadly, price trends drifted
downward through June in an ex-
tremely small volume of dealing.
The two most important develop
ments of the financial week oc-
Cured outside the stock market.
One was the semi-annual publica-
ton of the statement of British gold
holdings and the other the con-
gressional debate in Washington
over monetary legislation.
Silver Price Slumps.
The London silver market Slumped
at mldWeek both on a prospect
that the United States might cease
purchasing foreign silver, and Treas
ury price cuts, which indicated to
some that any resumption of United
States buying would be conducted
at lower level
Spot silver grew trifle frmer
Friday in anticipation that Con-
gresS would agree to compromise
legislation worked out by Senate
and House conferees.
When President Roosevelt's power
to devalue the dollar further was
first imperiled early last week in a
congressional tangle there was some
selling of dollars before study con-
WINGED foreign exchange circles that
Mr.. Roosevelt still could adjust the
dollar through existing legislation
covering gold purchases, regardless
of whether his power were curtailed.
Gold Drain Shown.
The gold statement, showing a loss
of nearly fl38.000,0OO (about $685.
100000 in the six months before
last March 80, was an unpleasant
surprise which provoked long ex-
plantations from financial writers.
They explained that gold stocks still
were nearly three times what they
were in 1882 and that the peaks of
1887 and 1888 were abnormal, due
partly to flight of French capital
which now has been repatriated.
All commentators emphasized that
present gold stocks were more than
adequate for the defense of sterling.
At the same time they acknowledged
that the loss had compelled Sir John
Simon, chancellor of the exchequer,
to ban the buying of American
shares and enforce other curbs to
husband the empires gold. A few
writer's foresaw the possibility of
stopping some unnecessary imports
in a further effort to conserve for
eign exchange.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Witnesses 10 Tell
Wage Minimum's
Effect on Industries
Hearing Conducted by
Andrews Will Wind
Up Saturday
By the Associated Press.

ATLANTA, July 3.-Opponents of
a proposed 32A2 -cent-an hour wage
minimum for textile workers laid
plans today to present testimony
concerning the effect of the wage
minimum on other industries at a
hearing before Wage-Hour Admin
istrator Elmer Andrews.
The hearing, now in holiday recess,
Will be resumed Wednesday.
J. H. Ballew of Nashville, Tenn,
representing the Southern States
Industrial Council. said he planned
to introduce several witnesses to
tell in what ways the proposed min
lmum would react on other indus
tries.
These witnesses will be followed,
under present arrangements. by 20
or Is additional spokesman of small
Southern textile mills, to be pre-
sented by w. Gordon McKelvey of
Nashville.
Tyre Taylor, counsel for the
American Cotton Manufacturers
Association, who directed last weeks
presentation of testimony opposing
the minimum, said he still had about
90 witnesses, but had not decided
whether he would call them.
The hearing will close SATURDAY.,
After that, any sessions will be held
in Washington.
At the conclusion of last weeks
session Saturday, J. E. Shrine of
Greenville, S. c., head of an engi-
neering firm and official of % mills,
told Mr.. Andrews the recommended
minimum would force textile mills
TO weed out and discharge thou
sands of old, slow, less efficient or
unskilled workers.
L. c. Jennings of Eufala, Ala, said
he would have to do something
drastic" at his four mills if the 321,
minimum were adopted.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Chain Store Sales Rise
Above Levels Year Aqo
By the Associated Press.


NEW YORK, July 3.-May sales
OF chain store systems were ap-
proximately 1912 per cent higher
than last year, according to esti-
mates of the New York Federal
Reserve Bank.
About 4 per cent of the increase
was attributed to one more shopping
day this year than last. leaving a
net improvement of around 812 per
cent
Grocery, 10-cent and variety, and
shoe chains showed marked i'm
provement over a year ago, but
candy chains lost ground.
Percentage changes of May, 1899,
compared with the same month last
year follow:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
1948 Tire Prediction

AKRON, July (SpeciaD View
ing at long range the rising trend
OF tire sales for farm use, S. B. Rob-
ertson, president of the B. F.. Good
rich Co., predicts that by 1948 three
1ourths Of all farm vehicles will run
on rubber-shod wheels and account
for tire sales of SIS 5000 annually
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Sales 'Boomerono'

Agitation for chain store taxes in
1888 proved boomerang to its spon-
sors, bringing chain stores a larger
share of the total retail business. a
study OF Department of Commerce
figures show. The report reveals
that the sales of independent stores
declined 200 per cent more than did
the chains volume as compared to
the 1887 level.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Apprentices in Aviation

BURBANK. Calf, July 3 (Spe-
ciaD .-Refecting shortage OF
skilled workers in the fast-growing
aircraft manufacturing industry
Lockheed Aircraft Corp. has an
nounced an apprenticeship training
program Young men will be paid
about half the prevailing wage rate
of trained workers for part-time
work between classes during a four
year period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Exports of American
Speciulties Climb
BY the Associated Press.

VITO 1fIc0e1utcu
The Commerce Department re-
ported exports of American spe-
claltles in May, 1889, were valued
at $40, 567 1868, 4 per cent increase
over May, 1888 Among products
which moved in greater volume
were books, scientific goods, furni-
ture, toys, jewelry and clocks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
500 Guorontors Denied
Right to Attach Cars
By the Associated Press.

~ VT" fhScOCIdV6U
TOLEDO, Ohio, July 3.-FederaI
Judge Frank l., Kloeb Saturday de-
MED Fred H. Hawley of Toledo and
Walter Smith of gainesville, Ohio,
the right to attach property of the
Canadian Pacific Railroad as guar
antors OF a 500 Line bond issue.
The court released three Canadian
Pacific Railroad freight cars which
have been under attachment In
railroad yards here for a month
Hawley and Smith are asking
81, $40, 635.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Teek-Hughes Earnings
Rise to S1,377,259
BY the Associated Press.

DE tIIe hSSONIdttU ItSS
NEW YORK, July 3.-Estimated
net profit of Teck-Hughes Gold
Mines, Ltd, for the nine months
ended May 81 was reported at ST.
377,259, equal to % cents share
on capital stock, compared with
$1,2l8,44l, or Is cents capital
share, in the nine months ended
May 81, 1888. Mines are in Ontario
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
International Shoe Nets
S2,824,612 in 6 Months
BY the Associated Press.

b5 the Associated Press.
NEW YORK, July 3.-Interna-
tlonal Shoe Co. placed consolidated
net profit for the six months ended
May 81 at $2,824,612, equivalent to
"a cents share on common stock
compared with 1884 989, or 10 cents
common share, in the six months
ended May 81, 1898.
Factories are in Missouri, Illinois
New Hampshire, Kentucky and
Arkansas.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Steel Quotations

per leo pounds, + O. b. Pittsburgh: Hot
rolled Sheets base price. 200. Galvanized
sheets, g. so Steel bars, 2 ID.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Fish Are Slippery

Fish are slippery because they are
provided with oil-producing glands
so that they may slip through the
water easily.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03

Quotatlons furnished by Investment
Bankers Conference. Inc. which States they
40 not necessarily reflect actual trans
indicate approximate prices and unless
otherwlse indicated. are as quoted by the
sponsors or issuers.
.Asterisk indicates Not quoted by spon-
sors or issuers."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Investing Companies

NEW YORK July 2 LP.-Investment
Bankers Conference, Inc: ''s'n'er ut
moon quotationsN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03
Federal Lond Banks

NEW YORK. July 8 P.-FedersI Land
Bank bonds. -eiIA
Henderson daily dispatch., 1939-09-20
BRITISH COOL ON
TOBACCO PROBLEM
Snow Little Interest In United States
Efforts to Return Buyers
To Markets

Washington, Sept 2O.-Efforts OIL
the Washington government to in
terest the British government in 6
proposal to authorize the sending OF
its national back unto the flue-cureo
tobacco markets as buyers has thus
far been productive of only indif-
ferent results.
British officials adhere to the view
that tobacco is one of the least OF
their troubles, that their manufac-
turers are very well supplied with
the leaf, and therefore they are re-
luctant to sanction the use of the
necessary exchange.
At the department Of agriculture
officials are still at work on plans
for a referendum on production in
the flue-cured area, and on the Sug-
gestion that loans be made to farm
ers who find themselves in distress
on account Of a billion pound crop
and the absence Of buyers for the
foreign markets. Instead of loans to
individual farmers it may be that
somewhat different approach will
finally be adopted-g government sup
port for redrying and storing of the
surplus.
But more conferences are in pros
pect on this and other phases of the
problem now troubling the growers
and their friends.
Henderson daily dispatch., 1939-09-20

Only three of North Cardinals Fl
cities of more than 10000 population
consistently report their automobile
accident figures to the National Safe
! ty Council.
Henderson daily dispatch., 1939-09-20

Action Of Chief Justice Walter p
Stacy in granting a petition for con-
solidation Of High Points hydro
Ielectric actions for the purposes OF
appeal was somewhat unusual in that
the decision was handed right down
from the bench and without waiting
for any conference with the other
justices. 1t was quite natural, and
completely in order, however, as
there was no opposition to the peti-
ton.
Henderson daily dispatch., 1939-09-20

Including products used in the
home, the fruit and vegetable in
dustry in North Carolina is worth
$5O,O00,OOO annually, says NJ E.
Gardner, head of the State College
Horticultural Department.
More than five and a half million
acres of North Carolina crop land
have lost Is per cent or more of their
itopsoil, says w. D. Lee, soil conser-
vationist of the State College Ev-
tension Service.
Henderson daily dispatch., 1939-09-20
VIRGINIA WAREHOUSEMA
SAYS HOLIDAY is RIGHT

South Boston, Va, Sept. 2O-"The
United States Tobacco association
dld exactly right in closing the to-
Dacco markets, following the with
draWal Of the Imperial TOBACCO COM
pany buyers" declared Edward A.
DeJarnette, president of the South
Boston Warehouse association in a
public statement made here this af-
ternOon
DeJarnette, who operates three of
South Boston's largest warehouses
and who has been closely associated
with the tobacco business his entire
lie. added that it is to the interest
OF the farmer to discontinue sales
until such time as the exporting com
naniers are in a position to purchase
the leaf freely. He said that it is
necessary at this timesfor the export
ing companies to temporarily with
draw their buying strength in the
lace Of the inability to ship the leaf
alter purchasing and the low rate of
exchange.
He heartily indorsed the repeal of
the neutrality act and in SO doing
stated that England is our friend and
now is the time to aid Great Britain
by cooperating with their industries.
Local Warehousemen have made
no effort to have the markets open
On schedule, even for few days, he
said, as in his opinion, with the ex-
porting companies not buying freely,
il would have meant largely a sacri-
flee Of the crop, with the ultimate
loss to the farmer, and a delayed
opening is approved until all diff
Henderson daily dispatch., 1939-09-20

Despite the fact that last months
81 highway deaths were a decrease
from the corresponding month of
1888 they were, in fact, the most in
any single month this year. Nearest
approach was April when 80 died in
road accidents.
1t was the first time this year that
two consecutive months have show
ed reduction over 1938-which was
somewhat encouraging to the high
way safety division. Previously
months had alternated, January
down, February up, and so on in
regular order through July.
North Cardinals 1899 roadside
Identification law, providing, among
other things, that no one may leave
or keep any old automobile or auto
mobile parts within $50 yards of a
hardsurfaced highway unless hidden
from sight by a fence, is about to
get its first severe test.
In Durham, one Arthur Mattox
was convicted and ordered to remove
the unsightly car or to build fence
at an alternative to getting a SEN
tence. He has appealed to superior
court and indicated he'll go all the
way to the Supreme Court if he
loses there.
Only three of North Carolina's 21
cities of more than 10000 population
consistently renOrt their automobile
Henderson daily dispatch., 1939-09-20
N. c. POULTRY HAS
VALUE OF $38, 100000
Daily Dispatch Bureau,
In the Sir Walter Hotel.

Raleigh, Sept. 20.-North caro-
lina's poultry industry has valua-
ton of approximately $38,OOO,OOO
and is playing very important part
in stabilizing the agricultural pur-
suits of the State, J. w. Hendricks,
director Of the Piedmont test farm at
Statesville, said in discussing pros
poets for the poultry exhibits at the
coming North Carolina State Fair to
be held here, October 1O-14.
He pointed out that there seems
to be greater interest this year than
ever before in the utility as we'll as
the exhibition classes.
"This is an indication that poultry
breeders in North Carolina realize
the Importance and value of this
great industry in the future develop
ment of our great commonwealth, ="