davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-05-07
Montgomery Reports
Big Acacia Gains
Over Year Ago
Insurance in Force
Totals $40l 1857 IT'S
On March 81

Gains made in the first quarter Of
1899 by the Acacia Mutual Life In
surance Co. form significant in
dex of the betterment taking place
in the general level Of business, in
dustrial and financial activity
throughout the country. President
William Montgomery told the di-
rectors at their last meeting.
He reported that insurance in
force as of March 81, 1899, totaled
S40l ,367,2 ,275, which compares with
1889 ,029.115 for the same date last
year. At the same time assets rose
from $74,303,811 at the end of the
first quarter of 1898 to $81 ,313,840 on
March 81 of this year. An increase
in assets of s1,626, ,225 was recorded
for the first three months of 1889.
A 81 per cent increase in new
business took place in March of this
year over the same month year
ago, and Mr.. Montgomery stated
that this improvement is continu-
ing in April.
Conservation registered a % per
cent improvement during the first
quarter of this year compared with
the same period of 1888, while the
amount of new policy loans declined
by Is per cent in the same period.
Income during the first three
months of this year was the largest
for any first quarter IN the COM
pany's history; namely ,$4,131 ,096.
Evening star., 1939-05-07
Electrical Equipment Sales
Expected 10 Increase
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, May 6-Sales OF
most types of electrical equipment
during 1889 should exceed those Of
last year, according to Poor's Indus
try and Investment Surveys. AL
though prices are generally lower,
reduced operating costs should per-
NIT the showing of more satisfactory
net results.
Demand for power generating
equipment promises to rise during
coming MONTHS continues the
analysis. Electric power consu,np-
ton is higher than a year ago, and
production facilities of many elec-
trio light and power companies are
overburdened. Now that the T. v.
A.-CommonWealth & Southern dis
pute has been settled, private elec-
trio power concerns feel freer to
proceed with rehabilitation pro-
grams. In addition, the Federal
Governments national defense pro-
gram will prove to be beneficial.
Estimates in the trade are that the
industry could spend over billion
dollars annually for the next Two
years in enlarging facilities to han
die prospective peak demand.
industrial demand for most lines
of electrical equipment also promises
to improve this year. For the first
two months of 1899 sales of elec-
trical equipment were more than 40
per cent ahead of the comparable
1888 period, and a further rise has
since been indicated Although
European conditions have discour-
aged the placing of orders in re-
cent weeks, bookings should resume
their upward trend before long"
Evening star., 1939-05-07
kcGi|| Commodity Index
Up Sharply in Week
Special Dispatch to The Star.

special Dispatch to The Star.
AUBURNDALE, Mass, May g.
The index of all commodity prices
compiled by the McGill Commodity
Service, jumped sharply during the
first week ending in May. The ad-
vance was general, involving prac-
tically all groups, and brought the
index to its highest point in more
than month. OF the IA proup
classifications, advanced, 1 re-
manned unchanged from a week
earlier and only l declined.
The industrial index advanced for
the third consecutive week, the
higher level being attributable to
hides and leather, non-ferrous
metals, paint materials and fine and
coarse textiles, as we'll as vegetable
oils.
In the agricultural index hieher
prices for wheat, corn, oats, rye
cotton and butter more than Offset
weakness in fiaxseed prices.
Evening star., 1939-05-07
Copper Prices Maintained
Despite Lao in Demand
By the Associated Press.

By the Associated Press.
NEW YORK, May Cooper
markets took breathing spell
this week after the recent burst of
activity.
Despite tagging demands. how
ever, prices were maintained on all
fronts. A leading producer quoted
1917 cents and a smelter 10A cents,
while others were "a cent under
these levels. Metal in the secondary
market, available at one time as low
as 1905 cents, snapped back to 1920
near the week end.
Top news in the export market
was inquiry by the British govern
ment for fair amounts of the red
metal, apparently for armament
purposes. The foreign price held
close to 1920 cents.
Lead markets reported fast turn
over. Sales generally were in excess
OF production. The anticipated price
boost failed to appear due to lower
lead quotations in the London mar
ket and the base remained at ATS
cents.
Zinc sales improved and the price
held at 4.50 cents East st. Louis.
Evening star., 1939-05-07
CommodityPrice
Chongesin Week
By the Associated Press.

BY the Associated Press.
NEW YORK, May 6.-Wholesale
commodities for immediate deliv-
cry, with grains and textiles in the
van, jumped upward this week in
the sharpest advance of the year.
1t was the third weekly rise in a
row for the Associated Press index
Of IS weighted wholesale prices,
which climbed to $3.50 from 6535
a week earlier and $500 a year ago.
Wheat stepped smartly ahead in
the grains division, with values
close to 10-month highs. Stimu-
lating the rise were reports Of con-
tinued lack Of rain in some dry
Southwestern areas, with unfavor-
able crop comment again coming
out Of parts of Kansas and Nebras-
ka. Corn and oats also advanced.
Silk jumped to the highest levels
in eight years as visible supplies
on hand dropped to the lowest since
statisticians began compiling figures.
Also ahead were wool and cotton.
Advancing among industrial raw
materials were hides, rubber, ium-
Der and tin.
Market basket items given higher
price tags during the period includ-
ed eggs, cocoa, flour and butter.
Hogs and lambs advanced in live
stock markets.
Tilting downward against the
general trend were steel scrap, bur-
lap. sugar, lard and rye.
The Associated Press index, with
components based on 1926 average
prices as 100, compared as follows:
Evening star., 1939-05-07
American Building Association
Elects KindIe New President
Kottelmunn Successor
Has Been Secretary
For 28 Years

Charles H. Kindle was elected
president Of the American Building
Association at the regular board
meeting last night, succeeding
Charles Kattelmann. Mr.. Kindle
was secretary of the organization
for % years and has lately served
on the board.
Elevation of Howard B. Kramer to
serve on the board was reported. He
has been identified with the Ameri-
can for many years and is an assist
ant secretary.
According to the latest figures
available, the total assets Of the
association are in excess of $11, ,000,-
600, the highest mark in history.
The association began business in
August, 1874, and its loan activities
arr now extended in all parts of the
city, as well as Arlington County, Va.
In addition to Mr.. Kindle, other
officers include Milton H. Posperi,
chairman of the board Arthur c.
Balser, vice president; Wilfred H.
Blanz, secretary, and Guy M. Nicely,
treasurer; Howard B. Kramer, as
sistant secretary, and R. Lee Baxter,
assistant treasurer.
Evening star., 1939-05-07
Virginia Apple Men
Expect Good Crop
Special Dispatch to The Star.

WINCHESTER, Va, May g.
While most of the apple growers OF
Virginia say they have prospects OF
a good-sized crop of commercial
fruit the coming season, except IN a
few scattered localities. reports were
received today from trade connec-
tions in Washington State to the
effect that only a fair yield is ex-
pected there. The apple crop in the
highly competitive Wenatchee dis
trict was described as being spotted
and light, due mainly to heavy ylelos
last year. This was said to be part
ticularly true of delicious and wine-
sap varieties.
Evening star., 1939-05-07
Wool Is More Active,
Prices Tend Higher

6y inc ASSOCl2teo ffeSS.
BOSTON, May 8 Omitted States
Department of Agriculture).-A
fairly large volume Of business was
transacted during the past week by
Boston wool houses. Bulk of the
sales, however, were of woods for
shipment from the producing areas.
Prices have shown q strengthen
ing tendency on those fleece woods
and on Western-grown range woods
available for immediate shipment
from the country.
Spot woods in Boston were q lit
tie more active than last week, and
prices were mostly slightly firmer,
still being above prices Of woods
sold to arrive.
Graded combing bright fleece
wools, spot Boston, were quoted at
26 to 28 cents, In the grease, for
fine delaine, at ~ to 20 cents for
half bloods and at 20 cents for
three-eighths and quarter bloods.
Evening star., 1939-05-07
Advantage Of Public
Security Offerings
Cited by Expert
UIen & Co. Engineer
Sees Drawbacks to
Private Sole
Special Dispatch to The Star.

NEW YORK. May 6.-Public
offering Of securities has many ad-
vantages which private placement
does not have, William A. Sleeper,
financial engineer of Ulen g. Co.,
points out in monograph he has
written entitled New Capital"
which is devoted to the fundamental
principles and procedure involved
in raising money for small and
medium sized enterprises.
I'm the first place. the wider d.
versification of ownership" says
Mrs. Sleeper. enables a successful
management to control the policies
of the company with only minority
holdings, whereas a single owner of
a substantial portion of an issue
may attempt to interfere with or
dictate to the management with re-
suits which may be a hindrance
rather than a help.
Secondly, with large number
of holders natural free market
tends to be created which estab-
lishes the values at which the pub
lie appraises securities, and aids in
the sale and distribution of other
securities. if further financing is to
be undertaken. Thirdly, from time
to time during the course of a finan-
cial cycle senior securities of COM
pany may tend to sell at a dis
count from their original Offering
prices.
with public ownership an op-
portunity is frequently afforded to
repurchase them for retirement,
either in connection with sinking
fund operations. or otherwise, at
prices sufficiently below the Offering
price to reduce materially the origi-
nal cost of the capital and to effect
important improvement In the sur
plus account.
Public ownership in the securities
of a company also creates public
interest which tends to build good
will. Securities listed on a ma
tional exchange are more acceptable
collateral for bank loans than un-
listed securities"
Evening star., 1939-05-07

III = u I p ana constantine Brown.
Asia as newspaper correspondent.
He covered the second Balkan war
and the World War. He was abroad
almost constantly from 1920 to 1890
and was at Smyrna at the time of
the destruction of that city by fire,
being with the Chicago Daily News.
With The Star for several years,
Mr.. Brown keeps in very close touch
with the State Department and re-
Gently toured Europe to make fresh
study of political and economic con-
ditions.
D. c. Retail Sales Gain.
Despite unreasonable weather, all
reporting department stores in
Washington during the week ended
last Wednesday experienced an in
crease in retail sales of 373 per cent
over the previous week, the Com
merce Department announced yes
terday. All stores reported substan-
tial increases, one running as high
as 101 per cent. Compared with the
corresponding week year ago, trade
reports were mixed, the review said,
an average gain of 112 per cent
being registered.
Building permits for the week were
far ahead of last year, $8a3, 700,
comparing with S3l7,425. Permits in
April reached total of $2,619,710,
which included $207 900 for a mu-
nicipal school building, against the
lower figure of $1,819,410 in April,
1898. Bank clearings for the week
totaled $21,613,641, in comparison
with s22,778,579 a year ago.
Passenger revenues Of the Capital
Transit Co. amounted to 1928 ,063,
we'll ahead of the S2l7 ,149 in the like
period last year. There were more
visitors In the Capital than in the
previous week or at the same time
In 1888, the report said.
Yesterdays Exchange Trading.
Capital Transit stock ended the
week on the Washington Exchange
yesterday with 20 shares selling at
II, same as the last previous sale
and of a point from the recent high
mark. The final bid was IA, with Is
asked.
Lanston Monotype appeared on
the board yesterday, a small sale
taking place at 81, unchanged from
Fridays sale. These were the first
transfers in the stock since the
annual meeting, held at Alexandria
on Thursday. The market closed
yesterday with a wide spread in
quotations, SO bid and IS asked.
Washington Gas Light preferred
was the only other stock appearing
in the sales list, 20 shares moving
at los, unchanged. Bonds were
neglected.
Peoples Drug Stores net sales, re-
ported yesterday, showed an April
total of $1,867 ,O32.13, up $40 per
cent over April, 1898. Four months
sales totaled 1926, ,981 80. gain OF
$26o,917.81, or 3.74 per cent
Peoples Drug Stores sales in
March were sos per cent bette,
than March. 1888. and up 3.87 pei
cent in the first quarter.
Evening star., 1939-05-07
Small Increase Seen
In Transit Revenues
'pecial Dispatch to The Star.


NEW YORK, May 6.-Revenues
for the transit industry, for the week
ending April 20. 1899, based on tele-
graphic reports received from a rep
resentative group Of transit operat-
ing companies, showed a slight in
crease from last year.
Transit Journals revenue indicator
stands at 10179, which represents q
gain of 1.79 per cent from the cor
responding week in 1898.
For the week ending April %, 1899,
the indicator was 101.39.
The indicator figure for the latest
week remained at approximately the
same level as for the previous week
although gains were more widespread
throughout the country.
Evening star., 1939-05-07
Fenner & Beane Complies
Data on Fair Visitors
Special DISPATCH to The Star.


NEW YORK, May 6.-Around 10
per cent of the country's weather.
investor class plan definitely to
visit the New York Worlds Fair
this summer. An additional per
cent have indicated they may come
to the fair.
OF those expecting to be at the
fair. half Intend to come to New
York by automobile.
Over two-thirds plan to stay for
a week or more. Three-quarters
have scheduled their visits for June,
July and August, with July the
favored month. Sixty per cent of
these visitors will make the trip to
New York for the sole purpose OF
seeing the fair.
These facts are revealed by a
survey conducted among its 10000
customers in Is States by Fenner
& Beane, New York Stock Exchange
firm.
Evening star., 1939-05-07
Slab Zinc Production
Drops During April
By the Associated Press

By the Associated Press. 4
NEW YORK, May 6.-April pro.,
duction of all grades of domestic
slab zinc dropped to 43,036 tons from,
A., ,084 In March, the American Zinc
Institute reported today. A yeaT'
ago output amounted to 3s,035 tons.I
Shipments in April totaled lO,6fi'
tons, against 1921 in March and,
20,806 a year ago. Stocks at the
end Of April stood 1T 130, $50 tons,
compared with 127, 1885 in March
and 135 5,238 in April last year. !,
Total lead stocks in the United
States on April amounted to H.
141 tons, compared With 221, ,545 on
March and 221 ,345 tons on April
/ last year. the American Bureau
Of Metal Statistics said today. s..
Evening star., 1939-05-07
World Cotton Exports
Far Below Year AGO
By the Associated Press.

0y Vic ASSUClhIcu IICoSs
The Agriculture Departments for
eign service reported yesterday cot
ton exports from the eight leading
exporting nations totaled 6,219,000
bales during the first seven months
of the current season, compared with
7,418,000 IN the comparable period
last season.
This 16 per cent decline was said
to have been due entirely to a 43
per cent fall in United States exports
and a II per cent decline in those
from Egypt.
The United States exported o.
598, 900 bales, compared with 4,528, 900
last season. This represented AZ per
cent of the total exports this season.
compared with 81 per cent last sea-
son and an average of GO per cent
during the 1923-33 period.
Evening star., 1939-05-07
l. {. Approves Increase
In Fertilizer Rates
By the Associated Press.

By the Associated Press.
The Interstate Commerce Com
mission approved yesterday an in
crease Of 512 per cent In the pres
ent railroad freight rates on fer
tilizer and fertilizer materials be-
tween points in the North and the
South.
The railroads had asked authority
for an increase Of 10 per cent over
the present rate. The commission
said this increase had not been JUS
titled.
Two of the commissions members
dissented, but for different reasons.
Commissioner Charles D. Mahaffie
said the record fully justifies the
level of rates proposed by the car
riers."
Evening star., 1939-05-07

washington conferences. Thursday
has been assigned for registration,
the real program to open on Friday
morning
Arthur j. Linn, controller of the
Hamilton National Bank of this city,
and immediate past president of the
National Association of Bank Audi
tors and Controllers. has been asked
TO preside at all business sessions.
H. E. Ward, chairman New York
Clearing House Committee, will well
come the delegates, with a response
by E. G. Armstrong, president of the
national association.
James E. Potts, auditor, First Ma
tional Bank, Boston, will speak on
Operating and Audit Manuals, and
j. E. Baum, manager, protective de-
partment, American Bankers Asso-
citation, will discuss Bank Insurance
Coverage and Costs
District Man on Program.
The Friday session will adjourn for
luncheon at the Hotel Astor. after
which j. F. Campbell of the Federal
Deposit Insurance Corp. will talk
on Asset Valuation and Reserves"
and Allan H. Mogensen, McGraw-
Hill Publishing Co., on Work Sim
pliflcation." Saturday will be de-
voted to speeches by Charles c. Joyce
on Control of Income and Expense
on Owned Bonds, Mortgages and
Real Estate" and George D. Nc
Caffrey on The Accounting of a
Worlds Fair"
The Washington delegation will
include James D. Barrett, Vernon
Dorman. American Security g. Trust
Co.; Harold w. Denison, Bank of
Commerce g. Savings; William B.
Mehler, j. S. Lingebach, City Bank;
Arthur j. Linn, Hamilton National;
James C. Elgin, w. B. Hibbs g. Co.;
William NJ Harris, Lincoln National;
c. C. Guerther, McLachlen Banking
Corp; Everett H. Parsley, National
Bank of Washington; Raymond G..
Marx. D. c. Whitcraft, Riggs Ma
tional; Gerald E. Keene. John R.
Higgins, Second National; Walter
M. McCurdy, Norman E. Glasco,
Union Trust Co.; Ralph Endicott,
Harry L. Downey, Washington Loan
& Trust Co.
Brown to Address Bankers.
Constantine Brown, foreign COM
mentator of The Star, will address
the annual convention Of the Dis
trict Bankers Association. to be held
at Hot Springs, Va, June 8-l1, it was
Evening star., 1939-05-07
Chain Tuxes DepIored

NEW YORK, May (SpeciaD -
Punitive taxes on chain stores con-
stitute dire threat to real estate
values, according to survey by the
Business Property Owners Associa-
ton, which shows that 4 cents Of
every dollar spent In chain stores
goes to pay rent to local landlords.
This Is more than twice as much
as the average profit derived from
chain store operation, the survey
states.
Evening star., 1939-05-07
Loan Fund Goes Beqqinq

PHILADELPHIA, May 6 (Spe-
ciaD.-The will of Benjamin Frank
lin will be changed II court proceed
ings here are successful. He left
$4,000 to this city to make loans to
young workmen, but with such
strict conditions that no one has
applied for 81 years. Meanwhile,
the original bequest has grown to
$4,000.
Evening star., 1939-05-07

be held in New
York May lib,
Gerald E. Keene,
chairman of the
auditors section
of the District
Bankers Associa-
ton and assist
ant cashier of
the Second Ma
tional Bank, an
nounced yester-
day. The meet
ing is sponsored
by the Balti-
m ore, Boston,
New York, Phil
a d e lphia and
Evening star., 1939-05-07
Chicago Stocks Mixed
In Quiet Dealings !
BY the Associated Press.

BY the Associated Press. ~. y
CHICAGO, May 6.-Stocks werN
irregular today in q quiet market iMr
which only 5000 shares changed
hands. OF 46 issues traded, 20 clcae6
higher, IA lower and II unchanged.
Chicago eorp. closed u higher ~
~; Commonwealth Edison on II ~
27A; Middle West Corp. uncfanged
at 6k. and Zenith Radio y up Of
iAA
Evening star., 1939-05-07
Airports Redesignoted
For Customs Entry
BY the Associated Press

The Customs Bureau has redesig-
mated for another year Graham Air.
port at Bellingham, WASH; Malone
Airport at Malone, N. Y, and Cape
Vincent Harbor at Cape Vincent,
N. Y, as airports of entry for planes
and merchandise from foreign coun-
tries.
Evening star., 1939-05-07
Imports Of Kitchen
Pottery Decrease
By the Associated Press

6y tne ASSoclatoo freSS.
The Commerce Department SAYS
imports of table and kitchen pottery
In the first quarter Of this year.
amounting to $1,029. .el4, were 2l per
cent less than In the similar quar-.
ter Of last year.
Evening star., 1939-05-07

announced y e S.
t e r d a y by Hill
leary G.. Hoskin-
son, president of
t h e association.
He will speak on
t h e su b ] e c t
"W h | t h er the
World?"
Mr.. Brown is
the first speaker
to be announced
for t h e coming
conclave. He is
a native of Iowa
and has S p e n t
much of his life
Evening star., 1939-05-07
CAPITAL Bank Auditors
To Take Prominent
Part in Conc|ave
Arthur J. Linn to Lead
Regional Conference
At New York
By EDWARD C. STONE.

More than 600 f1nanciers are ex-
pected to attend the Seventh Annual
Eastern Regional Conference of
Bank Auditors and Controllers, to
Evening star., 1939-05-07
Treasury Receipts Log
Behind 1893 in April
By the Associated Press.

NEW YORK, May 6.-Treasurv
receipts for April were 1868 ,343, ,167
down 1.6 per cent from a year ago.
Substantial declines in income and
social security tax returns were re-
sponsible for the drop, more than
offsetting increases in customs and
other miscellaneous receipts.
Figures for these principal items
follow:
Evening star., 1939-05-07

states
Imperial Valley press., 1939-10-19

command of a general officer OF
the air corps.
Crews of about Is commissioned
officers exclusive of the command
ant and "a enlisted men will make
the good will flight.
Flying down the eastern sea-
board from Langley, the fortresses
will leave the continental United
States at Miami and proceed to
Rio De Janeiro by long over-water
hops
It was not revealed whether the
air armada would attempt nom
stop flight from Miami to Rio, but
such a long over-water jump was
considered possible.
Presidential secretary Stephen T.
Early said that the president acted
because he wanted to honor the
Brazilian anniversary in evidence
of the close ties of friendship be-
tween the two countries.
Imperial Valley press., 1939-10-19
Grand Jury Ends
1O.hour Inquiry

Imperial county grand jurors ad-
journed at II p. m. Wednesday af-
ter a 10-hour inquiry into the
charge that Albert Pond misuSed
irrigation district funds.
Pond waited in the corridor be-
fore the grand jury room from 9
a. m. until p. m. while more than
20 witnesses were called in and
questioned. The witnesses included
north-end ranchers and irrigation
district clerks. Pond was summoned
during the night session.
The grand jurors adjourned until
Nov. 2 without issuing statement
as to their findings in the case.
Pond was accused of misappropriat-
ing $1O3 while employed as a wa
ter clerk at the district office in
Calipatria.
Imperial Valley press., 1939-10-19
SteriIity Defense
Frees Man Here

John Kontos, so. Greek dish
washer of Ell Centre, was freed of
responsibility for support of his
former housekeeper's child We'd
nesday on the plea that he was
sterile.
A physician testified at jury
less trial in superiar court that
Kontos was sterile when he exam
ined him recently. In his opinion,
the physician said, Kontos was ste
rile year ago or before the birth
of the child. Kontos introduced evi-
dence to prove he had not married
the housekeeper, a 22-year- old
Brawley girl. She sued him on a
charge of failure to provide for the
child.
Imperial Valley press., 1939-10-19
Brazil Confirms Report US. Has Sold
S3,000,000 to So. American Nation

had availed itself of any of the
$6O,o0ooOO.
Souza Costa explained that in
view of the present situation of the
international money market, the
Brazilian government deemed it
advisable to convert its exchange
funds abroad into gold. He stressed
chase gold under the agreement
that no loan was involved in the
transaction, but on the contrary
only his country's right to pur-
with Morgenthau.