davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-04-30
Copper Buying Released
By Advance in Price
By the Associated Press.

NEW YORK, April 29.-An unex-
pected price boost released the big
gest flood Of buying in the copper
market IN the past week since last
October.
A leading producer stemmed a
series Of price cuts by suddenly lift
ing its base 4 cent to 1917 cents.
A smelter followed with a similar
rise to 10A cents.
All types of consumers entered the
market on a large scale as the re-
Gently muddled price setup appeared
clarified by the advance.
Some analysts saw in the wave
of buying beginning of the long
expected spring summer revival in
the industry. Others, however,
leaned to the belief the market
might quiet down until the domestic
business machine gets going fast
enough to take up the slack.
The export market also moved
ahead with sales at the end of the
week made around 1925 cents a
pound. Demand in the foreign mar
ket showed no signs of letting up
and reports from abroad indicated
sales for the month will absorb pro-
duction of cartel members.
Producers of lead had to dig into
reserve to handle demand. Prices
remained firm at ATS cents pound.
Evening star., 1939-04-30
Defaults Mark Third
OF Foreign Bonds
Held in j. ).
Holdings Abroad Cut
Gradually, Declares
Federal Report
BY the Associated Press.

The Commerce Department esti-
mated yesterday that investors Of
this country own foreign bonds with
a par value of SO, ,59S 900 900, but that
third of the securities were in
default.
American holdings Of foreign Sc
curities, the department said, have
decreased gradually in recent years,
Americans buying few new ones and
the foreigners either paying up the
non-defaulted issues or buying back
at deprecated prices the defaulted
issues. The market value of the
remaining foreign bonds owned here
now Is $2,465 900 900, or an average
Of $685. per 81 900 bond.
(Foreign investments in this coun-
try have been placed at slightly
more than $1,000 900 900, including
about $4,000, ,OO0,O 900 worth of Ameri-
can securities)
The largest and best rating of the
foreign bonds owned here are those
of Canada, totaling $l,407 900 900,
practically all Of which is in good
standing.
German bonds, including those of
Austria, Czecho- -Slovakia and the
Saar, are next in size. They total
1864 100, 900, but are 26.4 per cent in
default, primarily because Ger
many's currency restrictions hinder
payments outside of Germany.
Brazil's $298 300 900 share is third
and is rated 24.3 per cent in de-
fault, although Brazil, as a part of
its recent financial pact which the
Export Import Bank here, has
agreed to resume service Of its debt
to the United States soon.
Nearly 80 per cent of the foreign
bonds owned here, the report adds,
are obligations of foreign govern
ments, their political subdivisions
or government-guaranteed corpora
tions.
Evening star., 1939-04-30
Decline in World Wheat
Acreage Is Indicated
BY the Associated Press,

6y tne Associated Press.
Latest estimates Of the Agricul-
ture Departments foreign service
indicated yesterday that the 81 lead
ing wheat-producing countries would
have a total Of Isl, ,448, 900 acres for
harvest this season, compared with
100, ,661 900 last season.
The reduced acreage, confined
largely to the United States, comes
at a time when world supplies are
large and prices generally unsatis-'
factory from the producers stand
point.
The foreign service said that wheat
prospects appeared to be generally
favorable in those countries where
seedlings are sufficiently advanced
to be judged. Unofhcial reports
from Germany, France, Belgium and
the Netherlands, however, suggest
that winter wheat is somewhat back
ward due to frost damage.
In Canada sowings Of spring wheat
have started, with moisture condi-
tions reported at normal in Alberta,
the best since 1927 in Saskatchewan,
but poor in Manitoba.
India, the first country to issue an
official estimate of its wheat pro-
duction for the current year, has
forecast it's crop at 344 100000
bushels, which is slightly less than
the average and compares with last
years production of 402 ,453, 900
bushels.
Evening star., 1939-04-30
Studeboker Reports
First Quarter Coins

"A 73 per cent increase in sales
and a profit to compare with loss
last year are features of the Stude-
baker Corps report for the first
quarter OF 1889, just received by Lee
D. Butler, local distributor. The re-
port shows a net profit Of $56,914,
compared with a net loss Of $1,O72,-
352 for the first quarter of 1898.
President Paul G.. Hoffman re-
ports business better now than at
any time since 1929.
Evening star., 1939-04-30
McGiII Staple Index
Advances in Week
Special Dispatch to The Star.


AUBURNDALE, Mass, April %
The Index for Industrial Commod-
ity Prices compiled by the McGill
Commodity Service advanced during
the last full week in April, although
the index Of all commodities de-
clined fractionally from the previous
weeks level.
Price advances generally were
noted in the index, although live
stock declined sharply during the
week. OF the II individual group
classifications. seven advanced, three
declined and four remain un-
changed from q week earlier.
The advance in the industrial
index was caused by higher prices
for hides and leather, non-ferrous
metals, paint materials. fine and
coarse textiles, and vegetable oils.
In this group only ferrous metals
declined.
The agricultural index was lower,
as weakness In corn, oats, eggs, po-
tatoes, flaxseed and butter more
than accounted for strength in
wheat, cotton and rye.
Evening star., 1939-04-30
W. T. Grant Contracts
For Big New Store
Special Dispatch to The Star.

SbCSAoA OiopdtSA " 4HC otdI.
NEW YORK, April 29.-W. T.
Grant Co. has awarded A. L. Hart
ridge Co., Inc, Ulen subsidiary, the
contract for new three-story and
basement store building in Buffalo
to cost approximately $500, 900 and
be ready for occupancy October l..
The store, which is bounded by
Main, Huron and Pearl streets, is
the largest Grant unit built thus far
and represents departure into the
de luxe store field.
The exterior will be of blue terra
Gotta and limestone. L. j. Towne,
president of Hartridge, said that
the Buffalo labor and subcontract-
ors would receive preference in the
awarding of work.
Evening star., 1939-04-30

ton among the top-ranking old line
legal reserve life insurance COM
panies of the United States.
Carrying out long-cherished
plan of Mr.. Montgomery for the
election to the board of a repre-
sentative of the agency force, the
directors named Samuel E. Mooers
manager of the District of Colum-
bia Branch, to serve with them. Mr.
Mooers has been with the company
for IA years. He began in the ac-
tuarial department, became secre-
tary to the president, company Sec
retary and later added the man.
agership of the Washington branch
to the latter duties. A graduate OF
local public schools, he left college
to enlist in 1917 and served in
France for 18 months with the A.
E. F. He holds the degree of c. L. U
and is a graduate of the Life In
surance Sales Research Bureau
School in agency management.
Named Vice President.
The board elected Robert B. Mont
gomery to a vice presidency. Mr..
Montgomery has been an employe
of the company since 1927. For
several years he has been assistant
vice president in charge of mort
gage loans. A graduate of Central
High School here and of Lafayette
College, he is member of the
Washington Real Estate Board and
of the Board of Trade.
DR.. John B. Nichols, medical di-
rector for 81 years and, next to
President Montgomery, the oldest
employe in point of service, was
elected to the newly created post of
advisory medical director. The board
elected DR.. j. R. B. Hutchinson to
the medical dictatorship. DR.. Hutch
inson, with Acacia for nine years
and since 1881 its assistant medical
director, is a graduate of the Medical
College of Virginia and of Harvard.
Walter T. Parker was appointed
an assistant secretary of the COM
pany which he has served 13 years.
I1C ID AL Clldl &c VI VIC NOAllOdAly .
policy department. He attended
Tech High School here, served in
the World War and is a graduate Of
the Washington College of Law.
Others Reelected.
Other officers were reelected as
follows: Howard w. Kacy, vice pres
ident and general counsel; Lloyd K.
Crippen. vice president and actuary;
Samuel E. Mooers, secretary; Donald
F. Roberts, treasurer; Ralph E. Heit-
muller, general controller.
The following officers were ap-
pointed: A. B. Amber, jr, assistant
actuary; DR.. C. M. Beall. assistant
medical director; K. S. Carper, as
sistant general controller; Edward
Duhey, assistant treasurer; Richard
E. Erway, assistant secretary; F. j.
Halliday, assistant actuary; Otto
Hammerlund, chief agency accoun-
tant; G. B. Hurd, assistant counsel;
B. M. Langhenry, agency secretary;
George Link, assistant secretary;
G. B. Marbury, assistant treasurer;
C. C. Montgomery, assistant treas
urer; Vivian Shepperson, branch
auditor; L. M. Suit, assistant branch
auditor, and E. M. .Thore, assistant
counsel.
Evening star., 1939-04-30
Dividend Shares Cuts
Uninvested Funds
Special Dispatch to The Star.

Special dispatch 10 Ine 6taE.
NEW YORK. April 20. Unin.
vested cash of Dividend Shares, Inc,
represented but 8.03 per cent Of
total net assets on March 81, 1899.
as contrasted with over 10 per cent
held uninvested on December 81.
1898, according to the quarterly
statement being forwarded to the
company's stockholders on the occa.
sion of the payment of the twenty
seventh consecutive dividend on
May 1, 1899.
During the first quarter Of 1889
four stocks were added to the port
folio, three bond issues were elimi.
mated.
In addition, investment In IS
companies was increased and in
vestment in eight was decreased. On
March 81, 1889, the portfolio con.
tanned IS stocks and Is bond issues.
Largest holdings were petroleum,
metals and utilities.
Evening star., 1939-04-30
Vacuum Cleaner Sales
Increase in March
Special Dispatch to The Star.

5peClAl OlSpdtCn 70 1ne SIAI.
CLEVELAND, Ohio, April 29.-
Vacuum cleaner sales as reported by
the industry for March, 1899, were
greatest since May, 1887, totaling
152 ,255, compared to 1882 in Feb
ruary and 1884 in March, 1898,
according to figures made public
here today by c. G. Frantz, sec-e-
tary of the Vacuum Cleaner Manu-
facturers' Association.
March sales, 347 per cent ahead
of February and TT per cent above
the total in March, a year ago,
brought the industry first-quarter
total to 367,176, compared to 72,798
in the same period of 1898.
With the single other exception of
October-December, 1887, when sales
aggregated 367 900, it was the in
dustry's highest quarter since the
second in 1887.
Evening star., 1939-04-30

Dividends on preferred stock
called for $12,845.01, leaving a net
profit available for the common
stock of $159, 1857, against $780,
797.76 a year ago.
At the end of the quarter Peo-
Piles Drug reported total current
assets Of $4930, ,635.51 against $4,-
30.048.31 a year ago. Current liza
bilities stood at 81 1865, ,779.79 VS.. ST.
327 ,9086l.
The company had total assets on
March 81 of So 1858 ,O43 "a, against ST.
927,53178 a year ago, the balance
sheet showed.
Evening star., 1939-04-30
Hearing Is Ordered
On Utility Refunding
By the Associated Press.

By the Associated Press.
The Federal Power Commission
yesterday ordered a hearing May 10
on an application Of the Montana.
Dakota Utilities Co. to issue I'll. .100,.
600 Of bonds and notes to refund
outstanding obligations.
The commission said the com.
pany planned to issue 10000 Of
AZ per cent first mortgage bonds,
dated May l, 1899, and due May l,
1854, to be partially retired before
maturity through operation Of .
sinking fund, and $2,100,0 900 Of un-
secured serial promissory notes, to
be issued simultaneously, and to
mature In six $3.50, 900 installments
on March Is, 1910 to io46, inciu-
S1Vo,
Evening star., 1939-04-30
Peoples Drug Sales Advance
To $5,358,333 in Quarter
Earnings Equal IS Cents Share,
Against 81 Cents in 1898 Period

Net sales of Peoples Drug Stores,
Inc, in the first quarter of 1899
totaled $5,358,333.37 in comparison
with IS, 169, ,489 "a in the first three
months of 1898. 1t was announced
at the head Office of the big chain
here yesterday. Earnings on the
common stock amounted to IS cents
a share, against 81 cents a share
in the like 1898 period.
The company reported an operat-
ing profit of $193,057l3 in compari-
son with the lower figure of 1884,
54063 in 1888, and a net profit for
the first quarter of $171 ,981.78, COM
pared with $l52861.52 a year ago.
Evening star., 1939-04-30
Consumption Of Scrap
Steel and Iron Sours
special Dispatch to The Star.

0peciai OlspHtcn 10 The Star.
NEW YORK, April 29.-Consump-
ton OF scrap iron and steel in the
first quarter of 1899 is estimated at
7,l58, 465 gross tons by the Institute
OF Scrap Iron & Steel, Inc, New
York.
This compares with 4,102,819 tons
IN the first quarter of 1898, and
shows an increase of TAT per cent
Tor the 1899 quarter. This is in
keeping with increased steel mill
and foundry activity.
Meanwhile, exports of scrap In
the first quarter of 1899, at 75S, 1851
gross tons, were 1913 per cent less
than the first quarter Of 1888, when
S46,l50 tons were shipped abroad.
Evening star., 1939-04-30
CommodityPrice
Chongesin Week

b. the Associated Press.
NEW YORK, April 29.-Cotton,
wheat and raw sugar set the pace
for rise in wholesale prices of COM
modities this week, marking broad
ening revival of buying after the
March and early April decline.
The Associated Press index of
prices of IS key commodities ad-
vanced for the second week, moving
up to 65.35 from 6513.
Cotton, long depressed by uncer-
tainty over Washington's plans for
disposing of the record breaking
surplus Of the staple. jumped more
than 81 bale on some futures con-
tracts, following news President
Roosevelt and Southern Senators
had agreed on an export subsidy.
Raw Sugar Climbs.
Raw sugar continued to move
ahead briskly. Trade circles heard
accumulation Of war stores in Eu-
rope was a factor in the advance of
the world market. In terms of
British money sugar sold at the
highest prices in several years.
The first crop scare of the season
helped lift wheat out of rut, TAX
ing it to the highest prices since
last summer. Woolen markets be-
came more active as some trade OBJ
servers reported the British pre-
paredness program would diminish
competition of English manufac-
turers in this market and lead to
heavier world consumption of wool.
Textile cloth markets enjoyed a
modest recovery in forward buying,
recently held back by the war
threats abroad and curtailment of
industrial activity in the United
States.
Copper Stocks Low.
Reports Of low stocks in hands of
fabricators encouraged copper sellers
to take a firmer stand. A leading
producer marked the domestic price
Of the red metal up to 1917 cents a
pound after dropping the quotation
q full cent under pressure of con-
sumers who held out for lower prices.
The jump in price apparently took
the trade by surprise. Buying in
substantial volume was reported as
consumers placed orders in the be-
lief the turn may have arrived.
In the aggregate, however, COM
modities continued to stick close to
the limited course they have fol-
lowed for many months.
Lower quotations for steel scrap.
eggs, cocoa, corn, silk and butter
helped Offset the advances in other
markets.
The Associated Press index, with
components based on 1926 average
prices as 100, compared as follows:
Evening star., 1939-04-30
American Cyanamid Nets
$1,014,627 in Quarter
By the Associated Press.

BY the Associated Press.
NEW YORK, April 29-The
American Cyanamid Co. and sub
sidiaries reported today for the
three months ended with March, net
income of $1,014,627, equal to 40
cents a share of common stock,
compared with $81,317, or about
cents share, in the first quarter
Of 1898.
The net was figured after allow
ance for various charges and for
preferred stock dividends.
The company has numerous plants
IN the South, the Middle West and
East.
Evening star., 1939-04-30
Chain Toxes Decline
NEW YORK.

NEW YORK, April % (SpeciaD
Capitalization Of opposition by
farmers and labor
groups has resulted in q legislative
trend away from discriminatory
taxes on chain stores, according to
q survey by Standard Statistics,
Inc, which cites Increasing evi-
dence that the danger Of additional
taxes Of this kind, Is passing"
Evening star., 1939-04-30
Newport Industries
Reports Hiqher Net
~ the Associated Press,

NEW YORK, April 29-Newport
Industries, Inc, naval stores manu-
facturers, today reported net profit
for the quarter ended March 81 OF
$66 1856, equal to IL cents a share
on 621, ,359 shares Of common stock,
compared with adjusted profit Of
$45,425 (after deducting $23, AL
proportionate share of loss of Arm
strong Newport Co.., equal to 0
cents q share on 519,347 common
shares in the March quarter last
year. Plants are In Florida. Ala
bama and Louisiana.
Evening star., 1939-04-30
| Increased Profit
Is Reported by
Hazel I-AtIus
BY the Associated Press.

BY the Associated Press.
NEW YORK, April 29.-Hazel-
Atlas Glass Co. and subsidiaries to-
day reported net profit for the
quarter ended April l of $293,S17,
equal to SO cents share on capital
stock, compared with $255,803, or
SO cents a share, in the like 1893
period. Plants are in Pennsylvania,
west Virginia, Oklahoma, Ohio, New
York and California.
Evening star., 1939-04-30

of the company
were announced
yesterday, f o l.
lowing a meet
ing of the Board
of Directors.
Mr.. Montgom--
cry now enters
his 46th year as
t h e directing
head of Acacia,
and under his
leadership tn e
company h a S
grown from a
tiny, struggling
organization to
a leading posi-.
Evening star., 1939-04-30
Montgomery Named
Acacia President
For 46th Term
Manager Mooers of D. c.
Branch Elected to
Bourd of Directors -

Reelection of William Montgom-
cry to the presidency of the Acacia
Mutual Life Insurance Co. and sew
eraI additions to the official roster
Evening star., 1939-04-30
Stock Prices Narrow,
Buying Appears in
Stee|s and Motors
Hopes for Soft Coal
Truce EorIy in Week
Help Market

What stocks did:
Evening star., 1939-04-30

(See HENDERSON, Page BIZ.
Evening star., 1939-04-30
April Bank C|earings
! Below 1888 Levels
In Washington
TotuI for Four Month";
Remoins Well Ahead
Of Last Year
BY EDWARD C. STONE.

Washington bank clearings In
April totaled 500, ,730, ,5637O, in COM
parison with $101 ,1O4 ,372.83 in the
corresponding month last year, a
slight drop of $1,373, 3,809.13, according
TO yesterdays report by George H.
Bright, manager of the Clearing
House Association. For the first
four months of this year, however,
clearings were well ahead of the
same period in 1898, the report dis
closed.
Clearings in the Capital in the
f1rst four months of 1899 aggregated
$3.50 805 .32l83, compared with s374,-
464,135.59 in the corresponding
months in 1898, an increase of
$8,34l, 1854.
The slight April slump was said
yesterday to have been due to the
fact that Easter was later a year
ago, which brought more retail buy
ing In April than was the case this
year. Most Of the Easter trade came
in March.
Bank clearings made the best
showing in March of any of the four
months, being above 100000, 900.
Clearings so far this year by months
compare as follows with like periods
year ago:
1899. 1888.
4 n
Evening star., 1939-02-20
Henry A. W. Beck Dies;
Was Consul at Athens

Henry A. Winchester Beck. So,
senior Consul at Athens, Greece,
died Saturday in Emergency Hos
pital after an illness of several
months.
Funeral services will be held at
4 pm. tomorrow in st. Johns Epis-
copal Church, Sixteenth and H
streets NV. Burial will be private
Mr.. Beck had returned from
Athens last summer on vacation.
At the time of his death he was on
sick leave. Recently he had been
named second secretary of the Lega-
ton at Athens, a position he was
to fill while remaining as senior
Consul.
A native Of Indianapolis, Mr.. Beck
was graduated from Andover Acad-
emy in Massachusetts, and in 1925
was graduated from Harvard Uni
versity. He attended George Wash
tngton University Law School and
was appointed to the Foreign Serv-
Ice in 1926.
He was son of Mrs. Jane G.
Beck of this city and Florida. His
rather was the late Henry A. Beck,
Indianapolis lawyer. Besides his
mother, who is staying here at the
Women's University Club. he leaves
q sister, Mrs. Charles D. Williams
OF Seattle, Wash, who arrived here
late yesterday by airplane.
Evening star., 1939-02-20

only a few hundred yards from the
fire, placed all available attendants
on duty in the psychopathic wards
nearest the blaze. No disorders
were reported.
Six Fall Into River.
Though no injuries were reported
among the flrefighters and the jam
med spectators, one fireman, three
men and two women fell into the
river during the excitement. The
fireman, loaded down with all his
gear, had to be pulled out by several
of his fellows. The spectators we're
assisted from the water by members
of the fire rescue squad standing by.
A freight train was due to pass
over the span a few minutes after
the fire was discovered, but emer-
gency signals were up down the
tracks and the train was routed
through the terminal yards.
BY the time flremen were able
to get water to the blazing struc-
ture the flames had gained too
much headway and gradually had
eaten their way to the river banks.
Supports were still standing today
under portions of the charred
bridge, jutting out from the rivers
edge, but the center half of the
span had collapsed to the waters
surface 10 feet below.
Evening star., 1939-02-20
School to Ban
Pupils Who Use
| |Ar Rifles

Pupils of St. Michaels School
Silver Spring, Md, are faced With
suspension from the school if they
are found with B. B. guns.
The Rev. T. A. Calnan, pastor of
st. Michaels parish, in his sermon
yesterday morning, denounced the
careless handling of guns by young
sters and threatened suspension or
severe punishment if any child was
found with one.
Father Calnans statement, he
said. was melted by an accident last
week at the school when 12-year-old
Patricia Martin, sixth grade
student, was shot in the left eye by
q boy with B. B. gun.
The child is the daughter of Mr..
and Mrs. Paul Martin of 1859
Colesville pike. Her condition is
said to be still undetermined.