davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Auto Parts Trade
Continues Gains
For Second Quarter
Makers Of Original
Equipment Should Score
Widest Advances
epeeial Dispatch to The Star.

epeeial Dispatch TO The Star
NEW YORK, July 6.-The gains
registered by the auto parts and &C
cessories industry have continued in
the second quarter of this year, in
spite of lower schedules prevailing
In the automobile manufacturing in
dustry, according to Poor's Stock
Reports For the full year 1889, COM
panies which are makers of original
equipment parts should score the
widest income gains. However, rec
ord car and truck registrations and
greater average usage will enable
concerns primarily dependent upon
the replacement market to obtain a
good volume of business.
shipments of automobile parts
and accessories for use as original
equipment increased more than IS
per cent from year-ago levels dur
Ing the three months ended with
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Morgan Stanley Go.
Opposes Competitive
Bids on Securities
Letter Follows Efforts '
Of Young in St. Louis
Terminal Case
BY the Associated Press.

oy IliC ASoOSldteo EICSS.
NEW YORK, July 6.-Morgan
Stanley q Co.. rated as the biggest
investment underwriting firm in the
country, entered the Wall Street.
Washington controversy over the
merits of competitive bidding for
new corporate securities with an
assertion last night that it strongly
opposed competitive methods as &C.
casioning loss of credit and good
will TO the borrower
The firm, an offshoot of j. P. Nor
gan e. Co., although having no for
NAL ties with the famous banking
house, made known its position in
letter to Philip j. Watson, jr, presi-
dent of the Terminal Railroad Asso-
citation of st. Louis.
The letter also revealed that
Kuhn. Loeb & Co., another leading
underwriting firm associated with
Morgan Stanley in financing nego-
tiations with the Terminal Associa-
ton, supported the anti-competitive
stand.
Young Gets Support.
Financial circles surmised that the
letter was prompted by reports that
Robert R. Young, chairman of Ale
ghany Corp, requested the Terminal
Association management to seek
competitive bids for a forthcoming
100000 refunding bond issue in
stead of selling them to a selected
Of l,o, vl,-io
1t has been reported that the as
sociationS financial committee
wanted to dispose of the issue in
Wall Street in the latter method, but
that some directors of the associa-
ton had insisted on competitive bid
ding.
In his brief career as a railroad
capitalist, Young has tilted with a
number of Wall Street banking In
terests.
The letter said that Morgan STAN
lev and Kuhn, Loeb e. Co. were
prepared to withdraw" from nego-
tiations with the association if their
agement of embarrassment occa-
stoned by difference of opinion
among the members of your board
as to financing methods"
Overpricing Feared.
1--WE believe said the letter that
terms arrived at through direct
negotiations between the borrowing
corporation and its bankers, =
are more likely to be right than
those arrived at in the heat of
competitive struggle of dealers to
overreach each other in the desire for
business. We believe that such
competitive methods tend to over
pricing the issue to the investor and
to subsequent dissatisfaction and
loss of credit and goodwill of the
borrower"
In recent years heads of some
Federal bureaus in touch with cor
porate financing have endorsed
competitive bidding.
1t was recalled that William O.
Douglas, former chairman of the
Securities and Exchange Commits
sion, now on the Supreme Court
Dench, INDICATED he favored COM
petitlve bidding. And financial cir
cles believed sentiment of S. E. c..
commissioners is in the same direc-
ton.
Young's interest in the Terminal
Association proposed financing is
based on Missouri Pacific Railways
part ownership of the Terminal
property. Allegheny Corp. has large
equity holdings in Missouri Pacific.
In sale of 100000 Chesapeake
& Ohio bonds late last year and in
subsequent sale of a Cincinnati
Union Terminal bond issue, Young
was credited with having brought
about competitive bidding in each
case.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Construction Awards
In Half Climb 10
9-Year Peak
Six Months Volume
"a Per Cent Larger
Than Last Year
BY the Associated Press.

~ eAS TAoooNIdttu klcoS.
NEW YORK, July 6.-Maior engi-
neering construction awards for the
first half of 1889 totaled s1.557 ,224,-
900, highest first-half volume since
1890, and "a per cent above last
years period, Engineering News
Record reported today.
For the short week due to the
Fourth of July holiday, awards
totaled s37,549,0OO, or 50 per cent
below the volume for the CORE
spending week last year. Values for
the current week the previous week
and the short 1888 corresponding
week, follow:
Private
This week Previous week Year ago.
s7.472.oo0 Ss,517OO0 Ss1OO,o0o
Public.
30,o77.000 33.3s3O00 7O222. 900
Total / 37549 600 Al 100000 1922. 900
The current week total brought
the volume for the first 81 weeks of
1899 to Sl,594,773000 an increase of
20 per cent over the total of 81 ,333,-
253 900 for the same period in 1893.
For the six months period public
construction total of Sl,173076,000
was the highest on record, and SO
per cent higher than last year. Pri-
vate construction for the first half
totaled S384,l48 900. a decrease of 81
per cent from 1898.
WaterWorks, sewerage. bridges.
streets and roads and public build
ingS all reached new highs during
the first six months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Bus Line Sold

CHICAGO, July 6 (SpeciaD Ma
tional City Lines, Inc, which oper-
ates bus transportation systems in
rs leading cities has acquired the
bus lines operated by the Mississippi
Power & Light Co. in Jackson, Miss,
a city of approximately $4,000 popu-
lation. The purchase was made for
cash.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Bank Loans Register
$10,000,000 Increase
During Week
$4,000, 900 New York
Goin Offset Partly
By Drop Elsewhere
BY the Associated Press.

The Federal Reserve Board said
commercial, industrial and agricul-
tural loans of banks, particularly in
New York, increased in the week
ended June 49,
In a weekly survey of 1Ol leading
cities, delayed from Monday by the
holiday, the board showed that
business loans of the banks in these
centers increased $4,000 900 to a
total of 1888, 100000. New York
City alone had an increase of sl2.-
100000, which was offset by declines
elsewhere.
The increase followed two weeks
in which the loans, for the country
as whole, had decrea sed.
The boards statemet gave the
following summary of assets and
liabilities on June %. together with
changes for the week and with the
same week last year, in millions of
dollars:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Foreign Markets

LONDON. July g R-A pick-up in
volume accompanied rising price trends in
were helped by Paris support and Brazilian
loans ans advanced on further hopes Of an
early resumption Of debt service Do
UNCHANGED Gold stocks shifted forward.
while, coppers slipped back after morning
SteadineSs; Most industrials were neg
lected. but price lines held firmly. Trans
Atlantics coaSted along evenly.
PAR1S.-The. Bourse settled back even
with or slightly below previous closing
prices today. Trading was unusually quiet.
Rentes ended UNCHANGED to 40 Confines OF
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Bank CIearings Take
Irregular Path in
Holiday Period
Climb Above Week Ago
But Decline Slightly
Below 1888 Mark


NEW YORK, July 6.-The Fourth
Of July holiday, plus Saturday bank
closlngs in some cities, made for an
irregular showing in bank clearings
throughout the country this week
Total transactions were somewhat
above those of the preceding week
but declined slightly from the CORE
spending 1888 week.
Bank clearings for % leading cities
Tor the holiday week ending July S
as reported to Dun g. Bradstreet
amounted to $1,000, TAB 900, as COM
pared with $5,O87, $40, 900 for the SIM
liar five-day week last year, or a dror
OF 0.5 per cent.
Clearings for the latest period
rose 1888 ,94l 900 above the total for
the week previous. Between the two
like weeks of 1898, the increase
amounted to $35O,8l6,OOO
The turnover at New York, 3d.
POT ,658 900 for four days, showed a
drop of 2.5 per cent from the 3d.
289. 6O7 900 for the five days last year
marking the fifth successive year.
to-year decline. The aggregate for
the 81 cities outside of New York
was $1,s53, 100000, against $1,797.-
$4,000 for the same 1888 week
giving an increase of 80 per cent
Five out of the 81 outside centers
reported smaller clearings than a
year ago. The more important ad-
vanceS included: Atlanta, 31.3 per
cent; Louisville, POT per cent; De-
troit, 206 per cent; st. Louis, 143
per cent; Portland, Greg, Ill per
cent, and Cleveland, go per cent.
Bank clearings at leading cities
together with percentage changes
from last year, follow; also, the
daily average bank clearings for
April, May and June:
Week flve days June 3, 1929
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Value of Listed Shares
Declines in June
BY the Associated Press,

0y VIC NsSUN4dItu FIVSS,
NEW YORK, July 6.-The New
York Stock Exchange reported yes
terday the market value of its
listed shares declined in June near
ly s2,225 100000.
The total market value of 1924
stocks listed at the end of June,
the exchange reported, was 4l,004,-
995,092 against s43,229 587,173 for
1888 issues at the end of May. The
total year ago was Sal, $685.
154 for 1856 issues.
The average market value of the
listed shares was S28.70 compared
with 5000 at the close of May and
$29 Al a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Time Business Index
Down FroctionuIIy
BY the Associated Press

Ds 0IIe ASSUCIdted PreSS.
NEW YORK, July 6.-Time mag
azines index of business conditions
declined fractionally last week to
1873, down from 1914 the previous
week and exactly the same as
year ago.
Because Federal Reserve Board
reports were delayed by the holi-
day. the latest figure is based on
estimates from partial reports, and
is subject to later revision.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
American Stores Co.
Declares Dividend

BY the Associated Press.
PHILADELPHIA, July 6.-Direc-
tors of American Stores Co. today
declared dividend of Is cents on
common stock, first ordered since
October, 1887, when similar
amount was paid. The dividend is
payable July % to stockholders OF
record July Is.
Company operates a chain of food
stores throughout the East and
South Atlantic States.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
New York Bank Stocks
Decline During June
Special Dispatch to The Star.

special Dlspatch TO The Star.
NEW YORK, July 6. - After
reaching new 1899 high, New York
City bank stocks declined during
June, according to Holt, Rose g.
Troster.
Weighted average OF II leading
issues established the new 1899 high
of 1901 on June 9. This compares
with former 1889 high of 48.28 on
March 10, and eliminated a rise of
10 per cent over the April, 1899
low.
Later in June, however, the list
gave way to general reactionary in
f1uences. Close on June 80 was at
the months low of 4525, represent
ing a net decline of per cent for
the month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
London Bank Report

LONDON, July R,.-Bank OF England
statement as of July Gin thousands of
pounds: Circulation. 5O5722: increase,
6743. Bullion. 227. 0s5: decrease. 40. RE-
serves. 2l.364; decrease, 6.fDl. Public
deposits, 1891: increase 3al6 Private
deposits, 134,03s: decrease, 1883. Gov
eminent securities. 11S706: increase A.
$50. Other securities. 31.254. increase, l.
541 Ratio Of reserve to liabilities 10 @
per cent. compared with 1873 last week
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06

June sales of McCrory Stores Corp,
operators of a national chain of
variety outlets, totaled SO ,420. BAT, or
SO per cent more than the 50 200, 343
in June a year ago. Sales for the
first six 1889 months represented a
gain of 81 per cent over the similar
1888 stretch.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06

Quotations furnished by Investment
Bankers Conference, Inc. which states
they do not necessarily reflect actual trans
actions or nrm bids or offers but should
INDICATE approximate prices and unless
sponsors or issuers
.Asterisk INDICATES mot quoted BY spon.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
| Woodwork Co.
| Reports Sales
| Above 1888
BY the Associated Press.

NEW YORK, July CT. w. Wool
worth Co. today reported June sales
of S24 1852 ,006, a gain of 6.5 per cent
over S23 ,149, 1913 in June, 1898. Turn
over in the first half of the year of
Sl38, 49,343 was AZ per cent ahead
of sl33,055 591 in the comparable
period last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
London Bar Gold

LONDON. July l9.-Rar gold las,
Sd, off u penny. Equivalent S34 7s
Bar silver. Had. OF Il. Equivalent
1913 cents)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Rubber Futures

NEW YORK, July GP.-Crude rubber
futures opened to 3 higher. July, 1885:
september, 1885: December, 16,4344
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Investing Companies

NEW YORK, July u LP-Inyestment
Bankers Conference Inc:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06
Federal Land Bonks

NEW YORK. July 6 R-Federal Land
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06

Policemen of Japan are now wear
ing khaki.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-06

moon quotations }
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1939-02-03
EATING SHOULD Be
AN ADVENTURE
STATES EDITOR

Eating should be an exciting adven-
ture, not tedious chore, asserts Will
liam Allen White, distinguished editor
of the Emporia Gazette and author
of A Puritan in Babylon, in the cur
rent Rotarian Magazine. Despite a
career chockful of journalistic and
political activities, he had noted the
gastronomic interests of his contem-
.poraries, even serving as the chairman
of the menu committee of the Rotary
club in Emporia, Kansas.
"The average man off the street
sits down before his food and eats it
like a dog, generally not knowing
what he is eating, which is my idea
of a culinary mistake. For food al
ways should be an adventure, and a
wide dietary range is sign of wide
culture" declares Americas Number
1 country editor. Any man who eats
luncheons ranging from rice and cur
ry to rare beefsteak and fresh mush-
rooms, he believes, will be just a little
more civilized for having varied his
diet.
Yet the average American business
or professional man kicks like a bay
steer the minute he is exposed to new
food-even before he tastes it, laments
the sage of Emporia. "This comes,
of course, from fool women trying to
doll up food-like landscaping! /
mean the kind of women who put pam
ty ruffles on mutton chops and lay
silly red stripes of pimento across
salad and make their ice cream match
their napery. Really good food doesn't
need beauty-parlor treatment"
Il never knew a woman-chasing
man whose wife was good and ad-
venturous cook" says White, remark
ing that there is something in the
proverb that says that the way to a
mans heart is through his stomach.
Men-both as husbands and luncheon
club membership eat-and like
beefstew in brown gravy with onions,
green pepers, and carrots in it. They
will learn to enjoy a New England
dinner with corned beef, tongue, pigs
feet, and a fat frankfurter garnished
with boiled turnips, potatoes, carrots,
and onions.
Commenting on his duties as a
menu committee chairman in his own
service club, White concludes, "It's
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1939-02-03
DISCOURTEOUS
MOTORISTS ARE
MUCH CRITIZED

Drivers who refuse to yield the right
of way to cars making left turns are
sharply criticized by the Keystone
Automobile Club, which in bulletin
issued today lays responsibility for
many accidents on this lack of consid-
Grafton.
Matthew P. Hanley, Manager of the
Eastern Shore Division Of the Club
said today the Clubs investigation
shows that numerous accidents are
caused directly by the failure, or re-
fusal, of drivers to show common
courtesy to fellow operators at street
and road Intersections.
"It is not pleasant to reflect that
considerable number of motorists
think only of their own convenience"
he said. even at the risk Of personal
injury they will not yield few sec
onds to the driver who has signaled
his intention to make a left turn and
is in the proper position to complete
the turning movement.
"This is especially noticeable when
cars are stopped at traffic signals.
The man with his arm extended Show
ing clearly his intention to turn to the
left, is, in many instances, complete
ly ignored by drivers at the head of
the line Of oncoming traffic. More
over, it is not uncommon to see a car
swing to the left of one which is about
to make a left turn, thereby endanger-
ing occupants of both.
"More courtesy and less selfishness
would be good thing for motoring"
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1939-02-03
A WILL MAY Be
SOUND BUT NOT
WORKABLE

Will your will work? That Is the
pointed question concerning the dis
position of estate which Gilbert T.
Stephenson, director of trust research
of the Graduate School Of Banking OF
the American Bankers Association
raises in the current Rotarian Maya
zine. A will may be legally sound
and up to date, he says, yet it may
not be workable.
Distribution, administration, and
investment provisions can be defined
to make a will workable, says Mr..
Stephenson. Arrangements should be
sufficiently flexible to provide for
emergencies which often arise, to pro-
vide additional funds beyond the reg
ular income at the time of an accident
or illness or when a daughter marries
or son goes away to college. While
it is necessary to state what trus-
tee may and may not do, he should
not be put in a strait-jacket and, as
a consequence, be hampered in chang
ing investments to meet changed con-
ditions.
Because of violent fluctuations in
the market value of estates, it is de-
sirable to state money gifts in frac-
lions rather than in amounts, he de-
clares. He cites the case of a woman
whose estate at the time she prepared
her will was valued at 2 IL million
dollars. First she divided $4,000
among her friends and charities; then
she left the remainder in trust for
her husband and children. The depres-
sion wore on an her estate dwindled
to $250,000. When she reread her
will, she found she had in effect dis
inherited her husband and children.
When she rewrote it, she made her
gifts in fractions, not amounts.
Provision also should be made a.
gainst estate and inheritance taxes
defeating testamentary desires, Mr..
Stephenson points out. For example,
one must decide whether he wants the
residuary estate to stand all taxes
or whether each part of the estate
shall bears it's proportionate part of
the death duties. Sometimes when
the former plan is adopted, those
nearest and dearest ones may be left
only the shell of mis- estate.
"An executor and trustee who will
see that your will works as it should
must have a rare combination of quail
Metaphysical, mental, and spiritual
he asserts. His knowledge of taxes,
real-estate. values, bookkeeping, Set
Ting estates, administering trusts,
should be grounded on experience
successful experience. A person who
is human, sympathetic, honest, and
understanding with this training
should be chosen as an executor and
trustee.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1939-02-03
GreenbackviIle

Mrs. James Pruitt and Mrs. Milton
Petit are spending some time with
Mr.. and Mrs. VIM. Pruitt at Penns-
vile, N. J.
Mrs. Will Wimbrow spent a few
days last week with her mother, Mrs.
Sadie Marshall, at New Church, Va.
Mrs. Wilfred Mason and daughters,
of Wilmington, Del, is spending some
time with her parents, Mr.. and Mrs.
Archie Marshall.
Mr.. Willard Northam spent Sunday
in New York City, N. Y.
Mr.. and Mrs. Harry Ward and
daughter, Esther of Snow Hill, Md,
and Mr.. and Mrs. Willie Brown were
supper guests Sunday in the home Of
Mr.. and Mrs. George p. Hearthway.
Mr.. and Mrs. Alton Davis and daugh
ter, Dorothy of Salisbury, Nd, spent
Sunday with Mr.. and Mrs. John w.
Davis.
Mr.. and Mrs. Mervin Pilchard have
returned home from Philadelphia, Pa,
after having worked the winter
months there.
Mrs. Samuel Lilliston entertained
the Franklin City M. E. Ladies Aid
Society Thursday evening, Feb. End.
Mr.. and Mrs. John Edgar Doughty
ananounce the birth of baby boy on
January 25th. Mrs. Doughty before
her marriage was Miss Eunice Petit.
Mr.. and Mrs. Glib Sharpley and
daughter, Betty Jean, spent Sunday
with her parents, Mr.. and Mrs. James
Jones at New Church, Va.
Mr.. and Mrs. Fred Hickman and
children, Mr.. and Mrs. Geo. d. Dry
den and Miss Elva Dryden spent Sun
day evening with Mr.. J. c. Hickman
who is i'll at the Peninsula General
| Hospital at Salisbury, Md.
Mr.. and Mrs. Harlan Bowden and
children, Bobby and Kirby, Of Chin
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1939-02-03
&1.i,r1l, tp@'!sBH!
zSllll1dn Schools

ST. MARY'S EPISCOPAL CHURCH
Rev. r. B. Mathews, Rector
Services, Every second and fourth
Sunday Of the month, Morning Pray.
and Sermon at IL o'clock.
Every first, third and fifth Sun
days, Evening Prayer and Sermon 81
1880 o'clock.
Holy Communion every second Sun
day at Il o'clock in the morning.
Church School at 10 a. m.
Public is cordially invited to at
tend these services.
PITTS CREEK PRESBYTERIAN
CHURCH
Sunday
Rev. Robert b. Stewart. Minister
POcOmoke City
1000 A. M. Sunday School.
11:OO A. M. Service of Worship.
7:15 P. M. Christian Endeavor.
Wednesday
7:45 P. M. Bible Study and Prayer
Meeting.
Beaver Dam
Sunday
2:15 P. M. Sunday School.
300 P. M. Service of Worship.
Everybody welcome. Come anc
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1939-02-03
Eggs Basis of Many
Popular and Novel Dishes

sauce. The sauce is made as follows:
Heat two tablespoons Of olive oil.
Pour into this the minced onions, TO-
matoes and peppers. Add salt and
paprika, cook slowly until wanted for
the omelet.
EGGS NEW ORLEANS
IN cup tomatoes
/ small onion, chopped
" green pepper, chopped
1 teaspoon sugar
y cup bread crumbs
" cup celery
A eggs
" cup American cheese, grated.
Salt and pepper and bay leaf
Cook tomatoes, pepper, onion and
seasoning together for 10 minutes, re
move bay leaf, and bread crumbs and
place in casserole. Break the eggs
on top and sprinkle with salt and pep
per and cover with grated cheese.
Bake in a moderate oven $50 degrees
F. until eggs have set and the cheese
has melted.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1939-02-03
HOUSEHOLD HINTS
By ETHEL M. HUNTER
Home Economist

Eastern Shore Public Service
APPLE AND CHEESE PUDDING
Temperature $50 degrees-Time 1
to 1 1-2 hours.
2 cups soft bread crumbs
2 cups sliced apples
" cup sugar
rs tsp. mace
" tsp. cinnamon
1 cup grated cheese
tbsp. butter
1 cup pineapple juice
Pare, core and slice apples. Butter
a pyrex baking dish, and alternate a
layer of crumbs, apples and cheese.
Sprinkle with sugar mixed with
spices. Have the top layer crumbs.
Dot with butter and pour over the
fruit juice. Bake and serve with
whipped cream or ginger hard sauce