davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-12-04
Brokerage Business
Near Lowest Point
In 15Years
Traders Score Strict
Government Control
Over Market
BY SMITH REAvIS.
ated Press Financial Writer.

NEW YORK, Dec. 4.-The wolves
of Wall Street these days are mostly
scratching at brokers' doors rather
than sitting in board rooms plan
ming raids on the public purse.
With the record to date. and pros
poets ahead. 1t looks like the leanest
year for commissions on stock trans
actions in IS. The professional ele-
ment, for nearly the last month. has
abstained from participation In the
market as much as possible. And
before that, except for a brief scram-
BILE just after the European war was
declared, business was very slack,
indeed, for most Of ths time during
the first eight months Of 1899.
Various reasons have been given
for the dearth Of interest in the
equity market. The public, some say,
is turning its increased consuming
power into homes, automobiles, saw
ings banks, Government baby"
bonds and the like rather than into
stocks. As for the hardened traders
who make share swapping profess
sion one broker had this to say:
wall Street itself Is suffering
from a case of the over blues and
seems to be devoid of ideas. The
will to buy has gone stale"
Regulations Deplored.
Many traders blame their timidity
on Government regulation Of the
exchanges, asserting there are too
many rules to be observed and too
many traps for innocent but unwary
stock market participants.
The conflict abroad and the posi-
binty Of some sudden truce has also
heen held forth as a cause fol
slackened activity. However, since
Russia's overwhelming Of Finland
market commentators have advised
their customers it looks like a long
war which may benefit United
States industry after the belligerents
use up the materials they had al
'eady amassed in preparation for 1t
But Saturdays business in the
New York Stock Exchange amount
I'd to only 22s, 100 shares. the small
est for the short session since July
is and far less than the 1000 .O0C
shares which Wall Street says must
oe transferred daily to enable 1t tt
sreak even.
Workers Dismissed.
In the early days of September
when sales were running 5000 900
1000. 900 and 10000 shares at
every session the brokerage houses
denuded Of employees by the lonf
famine. were forced to rehire thou
sands of men who had been dis.
missed. Now they are not firing
them. for good times might come
again in view Of the high level ol
industrial activity and the chance.
1t may carry over well into 1910.
! If so, market activity might bs
boosted again. But q lot of then
twiddle their thumbs a good portion
Of every business day.
Undoubtedly foreign considera.
tions have a great deal to do with
the present apathy. The interjec.
ton of Russia as a combatant, tn,
intensified warfare at sea and con.
stant selling here of securities ownec
by British and French have had thu
effect Of soaring some OF the tough.
est professionals in the business.
Evening star., 1939-12-04
Foreign Exchange

NEW YORK Dec. 4 ts>.-New pressure
against the Belgian currency coincided
with inauguration today Of Britain's policy
OF trying to .stranele German exports;
The general disposition in the foreign
EXCHANGE market however, vas to wait
afIeet neutral shipping. already heavily
"'' The he 6eisa n dipped % 'os of . cent The
British pound advanced "a cent. the
and Swiss franc also moved up slightly.
Late rates follow: Great Britain in
demand. 3.ssh: Great Britain, cables.
3a0i5; 6O-oav bills 1854 90-day bills,
3.s3h; Canada. Montreal in New York,
300: Canada. New York in Montreal.
1880: Belgium. 1880: Denmark. 1888;
Finland Yneuoted; France, 2;2ih; Ger
unauoted: Greece. 1914: Hungary. 17.sOn;
Italy: sos; Netherlands, 53.10: Norway,
22.74 Portugal. 3.70n: Rumania. 73n:
Sweden. 2a. 80; switzerland. ss.44: Arsen-
tina tofician. 2a.77; Argentina tfree) :.
$500; Brazil tofhciaD- sos; Brazil (free)
s: 10: Mexico 20.5bn; Japan. 23.49; Yugo-
slavia. 2.35n
Rates in spot cables unless otherwise
indicated
n--Nomnal.
Evening star., 1939-12-04
FOREIGN Markets

India Of stocks Of companies operating in
that country enliyened the security ex-
change today. British government bonds
were supported and selected Industrial
leaders edged forward Some oils fell back
following loss Of oil company suits in the
Mexican Supreme Court. Domestic rails
posted substantial gains. Commodity stocks
maintained an even footing
PAR1s.-A sharp reaction cut into
morning gains in the Bourse today. push
Ing most shares back to or below the
previous finish. Rentes we're heavy from
the start. however. ending 80 to 125 CEN
times down.
AMsTERDAM-Shp stocks were
strongly favored In the Bourse today
Other domestic equities tended higher
Evening star., 1939-12-04
buIova Watch Votes
Extra Dividend Of
50 Cents a Share
Quarterly Payment
Of Same Amount Also
lsAnnounced
BY the Associated Press.

BY the Associated Press.
NEW YORK, Dec. 4.-Directors Of
Bulova Watch Co. today declared
an extra dividend Of so cents a
share in addition to the regular
quarterly disbursement Of so cents,
both payable December 81 to hold
ers of record December IS.
Minnesota Mining.
Minnesota Mining g. Manufac-
turing Co. directors ordered a final
dividend for the year of IS cents,
lifting total 1899 dividends to $40,
against $l80 last year. The pay
ment is due December % to hold
ers of record December IS.
Evening star., 1939-12-04
OTIS & Co. Attempts
Intervention in
Power Bond Case
Participation Allowed
Pending Decision
Bv Commission
BY the Associated Press.

BY the Associated Press.
Otis & Co., Cleveland invest
ment firm, attempted today to
intervene in a Securities Exchange
Commission hearing to determine
whether Consumers Power Co. OF
jackson, Mich. should be permitted
to sell $2S,594,O0O Of bonds and
125,OO0 shares of common stock.
The Cleveland firm, represented
by former Senator Robert j. Bulk
ley of Ohio, has publicly offered to
buy the securities at higher prices
than arranged for under their dis
tribution by Consumers Power.
The prospect of reselling the Sc
curities at profit was said by Will
liam R. Daley of Cleveland, presi-
dent of Otis g. Co.. to be a
primary motive in intervening. He
added that his company and other
Western bankers also were inter-
ested in the general principle of
Western bankers handling Western
financing
Move Is Opposed.
Justin Whiting, Consumers Power
attorney, objected to the Otis inter-
vention and Edwin c. johnson. pre-
siding examiner, authorized Bulkley
to participate in the hearing only
pending formal decision by the
commission later on.
Harold H. Armstrong. Detroit at
torhey representing a number of
Michigan investment bankers who
expect to be associated with Otis &
Co. if it gets the financing deal, also
asked permission to intervene.
Consumers Power had planned to
sell all the common stock at s28.25
per share to the Commonwealth &
Southern Corp, which already owns
all the other common stock, and
had planned to sell the bonds pub
licly through a group of investment
bankers headed by Morgan, Stanley
g. Co., and Bonbright g. Co.
An interested spectator was Wen
dell Willkie, Commonwealth &,
Southern president. Willkie told
reporters that the only reason for
the stock issue was to provide
method for Commonwealth &
Southern to supply needed cash to
the Consumers Power. He denied
that Consumers Power would lose
anything by the price stipulated for
the common stock.
Commonwealth & Southern, he
asserted, was willing to supply the
cash without any additional stock
issue.
Frank Shows Letter.
Just before the hearing opened,
Commission Chairman Jerome
Frank called in reporters to tell
them that the commission had not
been responsible for the publica-
ton last week of a letter from Otis
g. Co. protesting the financing OF
the deal, as alleged in statement
by Willkie. Frank showed reporters
a copy OF letter from Willkie say
ing he had been misinformed as to
who gave the letter to the press.
Granville H. Hourne, controller OF
both Commonwealth & Southern
and of Consumers Power, testified
that the proceeds of the stock and
S10,OOO,OO0 to be derived from the
sale of the bonds would be used to
reimburse Consumers Power for
property improvements already
made.
The remaining $1S,594,O 900 bond
sale proceeds would be set aside for
the retirement of a similar amount
of 3a4 per cent bonds already out
standing. The new bonds would
bear 314 per cent.
Evening star., 1939-12-04
Yule Suvinas Due

ELLICOIT CITY, Nd, Dec. 4 Up.
Three Howard County banks will
distribute Christmas savings Of
$25 900 this year. The sums are:
Commercial Farmers Bank, $4,000;
Patapsco National Bank, $4,000, in
Ellicott City; Central Bank, Clarks-
VILE 20 120
Evening star., 1939-12-04
Dividends Announced
Crude Oil Prices

TULSA. Dec. P.-Base crude oil
prices:
Mid-continent area. Illinois, S1.05
Oklahoma kansas. gravity scale, 6Oc to
S1.1O: North. North Central and West
Central Texas, gravity scale, 71c to 1.03
East Texas. S1.10: West Texas. gravity
scale 53c to 95c: North Louisiana
Arkansas. gravity scale. 73c to 81 ;O5:
Rocky Mountain area. Salt Creek, Wyo.,
gravity scale. SEC to 81 10.
Eastern area, Pennsylvania grade Brad
ford ;Alleghany). $3.50; same grade in
grade IN Eureka lines 500: same grade in
Buckeye lines. s. .O5: corning. S1.O2.
Evening star., 1939-12-04
Producers Slash
Zinc Price to
| Scent Mark
b the Associated Press.

~ CUG NB1OCI8ItU E5tbBs
NEW YORK, Dec. 4-Leading
zinc interests today lowered the
price of the metal u cent pound to
6 cents, East st. Louis basis.
This carried the quotation back
to within a cent a pound of where
1t was at the start of September,
when the European war brought a
series of advances that resulted In
a net boost of III cents q pound In
that month.
Evening star., 1939-12-04
Metal Market
(Reported by Smith. Barn

NEW YORK. Dec 4 lP.-Copper STEADY;
York, 1897 Tin easier: spot and nearby,
5S.a5: forward. 5000: Lead steady: spot,
New York, 55O-55; East st. Louis, 5.35.
800. Pig iron steady: No: 2. fob. Eastern
Pennsylvania. 90; Buffalo. 800; Ala
bama. 1898. ALUMINIUM. virgin, 80 pc per
cent 1000; antimony, Chinese spot,
400. Quicksilver 142 SOL 500 nomi-
Wolframite. 22OO-24.OO nominal. Domes-
tic scheelite. $500 nominal.
Evening star., 1939-12-04
Air Travel Sets
| Another Record
In October
~ the Associatsd Press.

The Civil Aeronautics Authority
reported that the United States air
lines in october, for the sixth con-
secutive month, set a new record
for revenue passenger-miles flown.
Seventeen reporting air lines flew
0,122, ,138 revenue passenger-miles
during the month, an increase Of
36.l5 per cent over October, 1898.
Revenue passengers carried totaled
l78,421, compared with 13l 1859 in
October, 1898.
Evening star., 1939-12-04
Washington Exchange
SALES.

Capital Traction 1st $500 at 81,
$1,000 at 81 $1,000 at 81, $1,000
at 81.
Potomac Electric Power 5l2eo pfd.-
at ia
Capital Transit Co.. at 1924, Is
at IA.
Evening star., 1939-12-04
NEW YORK. Dec. 4 tPI.-Nati,
citation Securities Dealers. Inc:

cIared or nni IiueHu. Also extras; De.
year "r 'nls year. eTAio Ia's
.,.,,ap Guotations tt furnished oy National Asso-
STATES thsv %. securities De Dealers, Inc. which
transactions or :nnl bids or nffers. but
snouio indicate Approximate prices.
Evening star., 1939-12-04

WcHlnRtOn Fund ---- I4:,53 IDIO
Quotations furnished by National Asso-
states they do not necessarily reflect ac-
tual transactions or firm bids or offers,
but should indicate approximate prices,
and unless otherwise indicated, are as
quoted BY the sponsors or issuers.
Indicates Mot quoted by sponsors or
iSSilerHn
Evening star., 1939-12-04
Investing Companies

NEW YORK Dec 4 lPN.-National Asso-
citation Securities Dealers. Inc:
moon ouotations)
Evening star., 1939-12-04
London Bar Silver

LONDON. Dec. 4 tP,-Bar silver. e3hd.
Hnchansed hanged lEa9ivalent 1855 cents on
gold. 1885, unchanged (Eouiyalent.
S32. 1859
Evening star., 1939-12-04
BONDS
PUBLIC UTILITY
MISCELLANEOUS

Chevy Chase Club 1st 4As 103
Col Country Club lst 4As l03
Ter Ref a. VIII Corp 1st 4As 100
Evening star., 1939-12-04
STOCKS

PUBLIC UTILITY
Evening star., 1939-12-06
Former Significance, Interest Is Sacrificed

Sometimes not of will club
to Brooklyn Dodgers be
Sl50000 Harlond
1896 the Yankees offered Griffith
100000 for Buddy Myer. No
meeting the Yankees conceded to have
shortsop the oufed the
challenge champions they boldly shosop
club
a good ballplayer.
overwhelming caution that major league meetings
significance and reader
formerly smallest battalion
in
to assignments leave early.
watch somebody spring big deal)
Evening star., 1939-12-06
Boston College Among
-Four New Football
Foes for Hoyas
Virginia Tech, Roanoke
And W@nesbure Also
Listed Next Year

A game with Boston Colleges
once-beaten eleven features George
town Universitys 1910 football
schedule announced today by Grad
uate Manager Gabe Murphy. The
Eagles are one of four newcomers
on the Hilltoppers' nine-game pro-
gram.
Virginia Tech, which will play here
October 10. Roanoke and Waynes-
burg complete the new group of op-
ponents. Georgetown will open
against Roanoke September 20, and
Waynesburg is sandwiched in be-
tween Temple and v. P. I. as
breather.
Two Regulars Missing.
West Virginia and Bucknell do
not appear on the list. The Noun
taineers were not included because
of a conflict in schedules, but will
return to the 1941 list. Bucknell
is dropped for an indefinite, but
probably brief. period to allow both
schools to make new contacts.
The importance attached to the
George Washington game, plus in
creasing rumors of an end of the
Maryland rivalry, is noted from the
Colonials' last-game place on the
schedule November %. The Colon
ial game is booked two weeks prior
to that at College Park. and in be-
tween comes Boston College. Thus,
it appears the Hagerty outfit must
be in high gear when it hits v. P. I.
or go down to defeat.
After Waynesburg there isn't a
(See HOYAS, Page C-3)
Evening star., 1939-12-06

Evening News reports Coach Carl
Snavely has a date with the Cor
nell club there to discuss 1910
prospects. Now that ought to
make mighty fine listening. But
If Prof. Snavely is no more
voluble than usual, we predict no
ears will be bent.
Cincinnati chatter: Here's
how the Reds signed Paul Der
ringer: Boss Warren G. Giles
autographed a blank contract,
then handed it to Derringer.
Paul signed-after inserting his
own figures. Boston offered Joe
Vosmik to Detroit for Rudy York,
but it was no soap. Rosey Ryan,
old Giant pitcher, is demonstrate
ing a new catching machine
which also teaches a pitcher
control and drills him In fielding
by firing the ball back to him
fast and along the ground. Any
deal the Giants make. may in
clude 10 10 Moore, one Of the
holdovers from the McGraw
-. xIan1nnA Cliff dAnieR EhoAe
Evening star., 1939-12-06
Tops Bowl Battles Seen and Tulane Accept New Orleans Date
Win, Lose or Draw
Winter Baseball Meetine-Modern Style
By FRANCIS E. STAN.
Star STAFF Correspondent.

CINCINNATI Ohio of good deal younger
exciting pennan race
the Yankees have by op-sded
gins opposition in the World Series obviously
how do the other Clubs par
American League about combating this monopoly
is they not combating Some egisaon oene
Gfths limit farm systems and prevent
of the pennant winners but any egate eof1
fourth annual winter meeting since
the rise of ruthless overwhelming In the hrst
startling taken and so far the current
ror produced little In the way OF
the efficiency of the Yanks rivals and
mo- interest.
change in policy today as ne
hotel headquarters 1T
would to winter meeting prepared 10 make
meeting few back really was
something like big card game with stakes
ming pretty high people willing to gamble Now It's
lust an excuse together talk about the old days
suggest technical reforms argue vore football
Evening star., 1939-12-06
BY WALTER McCALLUM.

For better bashing of beaks these
days you don't have to 60 to any
local palace of punch where the
boys square of with 6-ounce gloves.
The ice hockey games at the
Riverside Stadium Tuesday and
Friday nights are becoming free
swinging, free-for-all affairs where
anything can happen. 1t may be on
the level, too, but when the ice
hockey boys start swinging with
padded gloves against heavily
padded bodies, and even though
they put lot of "oomph' into their
swings, they don't get anywhere.
unnecessary roughness, the
referee calls it, and the boys draw
two-minute penalty if they've only
been a little rough; five minutes If
they've taken 10 lusty Wallop
at the other fellow. They'll have
another of those free-swinging
affairs at the local freeze rink Fri
day night, when the Jersey Skeeters
appear here from River Vale, N. j.,
and if this one gets through go min
utes of play without a dashed beak
it will be a wonder. The last time
the Skeeters played here three men
were banished to the penalty box
for unnecessary roughness," which
is cute hockey term for socking a
guy on the nose.
Late Spurt Decides Game.
Those Washington Eagles, again
tied for second place in the Eastern
Amateur Hockey loop with the Balti-
more Orioles, were nursing bruises
again today following their knock
down and drag-out brawl at River
side last night with the gas house
gang known as the Atlantic City
Sea Gulls. The Eagles won the
game, S to 2, putting on squirt in
the last four minutes OF the game
that broke a % tie. with some
clever passing and nifty stick work
from Kuntz, Covert, Dewey and
blond Leslie Ramsay.
Midway of the second period in
mixup near the Seal Gulls' goal
spectator who had been heckhng
the visitors got too close to the
wire net at the end Of the rink
and one of the husky Gulls pushed
the wire into his countenance. It
did the spectator a lot OF no good.
That period also saw one Of
those free-swinging little mixups
down near the washington goal,
where Paul Courteau, fast-skating
Eagle forward, and Johnny McTeer
mixed it up with flock of Sea
Evening star., 1939-12-06
College Grid Rules
In Present Form
Suit Majority
Move to Change CIeot
Only One That Seems
Likely to Succeed
By BILL WHITE.
Associated Press Sports Writer.

NEW YORK, Dec. 6.-1n five terse
words, Clemson Coach Jess Nicely
struck the keynote of football
coaches attitude. toward football
rules this year:
Leave the rule book alone" he
said.
His sentiments were echoed by
most of the other coaches partici-
pating in the Associated Press sur
vey, although there was minority
opinion" against the new type Of
football cleat introduced this year.
There were some old familiar cries.
The plea that the goal posts be
moved back to the goal line was
renewed with some vigor, and there
was a hope expressed that forward
passing from anywhere behind the
line be permitted. Adherents of the
latter say now their high school
stars, who are permitted by scholas-
tic rules to throw 'em without re-
striction, have to be "untaught"
when they get to college.
The campaign that may really
bear fruit-the one against the So
called "truncated cone" cleat-is
headed by three able students of
the game-Coaches Tom Stidham of
Oklahoma, Charley Backman of
Michigan State and Bill Alexander
of Georgia.
Stidham thinks the cleat is mo
good for muddy or hard. dry
field; there's too much falling down. .
Alexander says the half-inch base
of the Gene is too large for proper
traction. And Bachman thinks an
epidemic of twisted knees can be
traced directly to the cleat, which
grips too hard for quick pivot
and thereby leads to trouble.
Otherwise in the rule suggestions,
there was noted some slight move
ment to restrict the defense to six
men on the line of scrimmage. But
Adam Walsh of Bowdoin counter
acts this by suggesting that the at
tacking team have only six men on
the ine-thus aiding the offense by
giving it an extra back and one
more possible pass receiver. Walsh
also likes the idea of making the
center an eligible pass receiver.
Evening star., 1939-12-06

Today's guest star Bruce
Morrison, Collyer's Eye: add
picturesque grid moniker's: Out
at Santa Clara they're calling a
sophomore haHback 'Casanega
the Great Lugger.'
Yanks and Giants still unde-
cided about the 1910 broadcast
ing situation. Don't be surprised
if Dave Castilloux, the Canadian,
blasts Leo Rodak's winning
streak when they go in 10 heats
at New Orleans tonight. The
football Giants go into that Mil
waukee game Sunday with one
strike on them-no National
League team ever has repeated
in the title playoff.
The five Bardel brothers, bowl
ing as q team in Detroit the other
night, each registered 166 in their
first game. The Phelan's, best
basket ball team of Beaumont,
Tex, is anxious to line up games
.ufkh~ ~fAst iudaneudeut outfits,
Evening star., 1939-12-06
Brings Together
First and Fifth
Rated Teams
Lone Star Gridders
And Hosts EIuted
As Vols Hold OFF
BY ED DESORBY,
Associated Press Sports Writer.

NEW ORLEANS, La, Dec. g.
The Sugar Bowl got the jump on
all the other year-end grid classics
by naming the Texas Aggies and
Tulane for its sixth annual game,
and the consensus here was that 1t
would be the standout battle New
Year Day.
Texas A. and M. College is rated
the Nations No. l team, and Tu-
lane is ranked fifth in the Asso-
ciated Press poll, although the
Greenies are ready to dispute for
higher position. Both are power
house squads with versatile attacks
and are unbeaten. Tulane's record
is slightly marred by an early
season 14-14 tie with North Caro-.
lima.
There was hectic long distance
parleying yesterday before the Mid.
winter Sports Association, which
promotes the Sugar Bowl game, an
nounced the two teams had accepted
bids.
Vols Wait for Finale.
Texas Cotton Bowl made a he
roic attempt to get the Aggies to
meet Tennessee and offered to guar
antee each team s85, 1000. The Ag-
gies, explaining they owed 1t to
Texas to try to play in that State,
gave Tennessee until nightfall to
accept.
When Tennessee. mentioned as
Rose Bowl possibility, said it had
to wait until after Saturdays game
with Auburn, the Aggies jubilantly
voted to come to New Orleans.
All New Orleans was pleased, in
cluding the Tulane players and
coaches. RE-s E. Foster. senior
judge of the United States Fifth Cir
cult Court of Appeals, speaking as
president of the Tulane Athletic
Council, said he thought Tulane
had the strongest team in the Ma
ton" Judge Foster played on Tu.
lanes first grid team.
Herbert A. Benson, head Of the
Sugar Bowl Committee, said ma.
tionally known football experts prac-
tically were unanimous" in recon-.
mending Tulane and the Aggies.
Their championship caliber has
been demonstrated on gridirons in
the Far West, the East, Southwest
and Southeast and is known to foot.
ball fans" he declared.
Game a Civic Enterprise.
The Sugar Bowl sports carnival Is
a non-profit civic enterprise which
has been a success since its inception
in 1885. Attendance at the football
game has grown from some $4,000 in
1885 to about $4,000 this year. The
stadium was enlarged during the
last year and 10000 are expected at
the 1910 classic.
The five previous games. attend
ance and estimated amount paid
each team:
1935-Tulane, 20; Temple, IA;
22.O26; 2o,75920.
1936-Texas Christian, 8; Louisi-
ana State, 2; 33.476; 500, ,794.44.
1937-Santa Clara, 21; Louisiana
State, IA: SO ,4S3; $38, OBS 68.
1938-Santa Clara, 6; Louisiana
State, O.; 39O31; $4,000.
1939-Texas Christian, IS; Carnegie
Tech, 7; 49,645; $4,000.
Evening star., 1939-12-06
N Boxing Commsh Getting No Place in Thomas Probe
$25oo Yonks and Giants Debate Bodot"s

stories he will join the w. P. A.
before playing another season
with the Browns. Denial rings
true since the Browns gave him
q fat raise.
They may be tuff. Marquette
may have a cussed good football
team next year, at that. Dams
and Hellman have just been
awarded freshman numerals.
Financial dept.-Every man on
the Missouri football squad
should get letter. Paul Christ
mas and Co. enabled the uni
versity to retire the bonds on its
stadium P. S.: And filled
same for the first tirne.)