davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-04-16
World Bank Shifts Gold
Reserves 10 New York
BY the Associated Press.

~ WIG AocOSA1tcu I4CoSs
NEW YORK, April 15.-A ship
ment Of about $7300,O00 from the
gold holdings of the Bank for In
ternational Settlements, Switzer-
land, was reported today in finan-
cial circles among additional i'm
ports of the precious metal sent
here from Europe for safekeeping.
Two liners brought an estimated
$86, 120, 900 in gold, and more than
500, ,0O0, 900 was reported en- route
from Europe to supplement the huge
sums shipped here the last few
weeks. Much Of the metal, financial
circles noted, apparently came from
the monetary reserves Of Switzer-
land. Belgium, Holland and from
private boards in London.
The shift from Switzerland, par
ticularly, interested bankers as an
indicator of uneasiness felt in the
smaller European countries since the
German absorption of Bohemia and
Moravia raised fear of further ex-
pansion drives. There were rumors
In banking quarters that the bulk
OF Switzerland's gold reserves had
been transferred to this country.
The Bank for International Set
Elements was set up under the
Young plan to handle reparations
payments from Germany. It opened
in 1880 and became known as the
world Bank" It's gold holdings
amount to about $4,000, 900.
Evening star., 1939-04-16
Upturn in Copper Markets
Halls Price Reductions
By the Associated Press,

% Vic ASSOClNGeQ Press.
NEW YORK, April 15.-A sudden
upward price shift In domestic and
foreign copper markets late Satur-
day stemmed price cuts current
through last week.
Export copper shot up to 1890
cents pound from low of around
1905 and in the domestic second
hand market refined metal was
quoted at 10A. compared with a
weeks low of close to 10 cents.
The buoyancy coincided with
president Roosevelt's dramatic bid
for world peace.
Earlier price reduction in the red
metal had kept buyers on edge
waiting for further developments.
Primary producers had no sooner
met h-cent cut late the preceding
week by a leading smelter when the
same smelter Topped u cent more
on the refined base. Producers, ad-
herring to l0h cents a pound, thus
lar refused to follow the smelter
price Of 10A cents.
Domestic buying, however, con-
tinued sluggish. Copper men en-
phasized the confusing effect on
buyers of three price levels.
A reduction of 10 points in lead,
70 4.75 cents pound, was followed
by substantial buying.
Evening star., 1939-04-16
B. A. {. Reports War Fears
Cloud Trade Outlook
BY the Associated Press,

BY the Associated Press.
Fears of a general European war
are beclouding the prospects of a
moderate spring and summer upturn
in the business activity in this coun-
try, the Bureau of Agricultural Eco
nomics said yesterday.
In its monthly report on economic
conditions, the bureau said the past
month had been marked by three
developments: A further tenseness
in the political situation in Europe,
a sharp decline in stock market
values and failure of the automobile
and steel industries to expand as
had been expected.
These developments and uncer-
tainties tend to reduce, but do not
eliminate, the possibility of some i'm
provements in business by summer"
the bureau said.
Aside from European uncertainties
and the drop in stock prices, there
is little in the business situation to
cause any particular alarm, the re-
port said.
Evening star., 1939-04-16
Leading Retail Firms
Report Substantial
Sales Increases
Chain and Mail Order
Volumes Climb Well
Above Year Ago
BY the Associated Press.


CHICAGO. April l5.-Leading
mail order and retail distributing
organizations scored substantial
gains in sales during the first 1899
quarter, statistics showed today.
Sales of 81 organizations blanket
ing the Nation were 66 per cent
better during the first three months
this year than they were during
the corresponding 1898 period.
March sales this year, aided by the
earlier Easter date, were 10 per cent
above sales for March last year.
The monthly margin Of increase
was the best registered in more
than a year. Sales Of the 81 or
ganizations last month were $685.
734 ,904. an increase of $40, $40 ,004
over those for March, 1888. Sales
for the first three months this year
totaled 1894 221,5 $50, and we're s37,-
000, 900 better than for the same Pc
riod last year.
All divisions showed better year.
to-year comparisons. the apparel
group, aided by Easter buying, reg
tstering a 1873 per cent gain over
March, 1898.
Sears, Roebuck & Co. and Mont
gomery Ward & Co., mail order
houses, which do more than l per
cent Of the country's retail busi-
ness, last month reported the best
March sales In their histories, ex-
tending February gains, which also
were their best for that month.
Sears March sales were 1876 per
cent better than a year ago and
Montgomery Wards were 16 per cent
higher.
Evening star., 1939-04-16
McGiII Staple Index
Coins During Week.
Special Dispatch to The Star.

Special Dispatch to The Star.
AUBURNDALE, Mass, April Is
A survey of the all-commodity price
index released by the McGill Com
modify Service reveals that al
though industrial prices declined
during the second week in April, ad-
vances in agricultural and live
stock prices served to raise the gen.
eral index above week-earlier fig-
ures.
The index stood at e7.s as of April
IA.
This compares with 67.4 q week
earlier, 685 at the first Of the year
and 70.6 for this date q year ago.
OF the IA individual groups 4 were
higher, Z lower and 3 unchanged
from a week earlier.
Industrial commodities weakened
as strength in coarse textiles and
vegetable oils was Offset by declines
in building materials, fuels, hides
and leather, nonferrous metals,
paint materials and fine textiles.
Strength in the agricultural in
dex was attributable to higher prices
for wheat, corn, oats, rye, eggs, pota-
toes, flaxseed and butter, ofYsetting
minor weakness in cotton, peanuts
and wool.
Evening star., 1939-04-16
<iIowott Hour Output for District
POTOMAC ELECTRIC POWER CO.
Fenner & Beane Forecasts
jump in Home bui|dinq
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, April 15.-Contract
awards for residential building in
1899 may increase by as much as
$400 ,0O0, 900, or approximately 40 per
cent, to $1,40o 900, 900, in response
to more liberal financing, better
values in new homes and slum clear
ance, according to a forecast of
Building in 1885," issued by Fenner
& Beane, New York Stock Exchange
firm.
All building, excluding engineering
construction, is expected to show
an improvement of about 20 per
cent over 1898 to reach 81, 500, ,O00, 900.
The larger portion of the gain in
residential housing will result from
publicly financed residential build
ing, expected to increase about $50
per cent to $500, 900 900 from $685.
100000 in 1898. Primarily responsible
for this increase will be the United
States Housing Authority's slum
clearance activities.
Private residential construction
contracts may rise by more than 20
per cent to 81, 100, 900 900 from $780,
100000 last year, according to the
forecast.
Evening star., 1939-04-16
World Corn Output
Declines 3 Per Cent
BY the Associated Press.

BY the Associated Press.
The Agriculture Departments for
eign service reported yesterday that
world production of corn in the
1889 season was about 3 per cent
below the previous season, due to
smaller crops in the United States,
Italy, Hungary ard Yugoslavia.
The service estimated production
in 18 countries totaled 3,409, ,955, 900
bushels, compared with 1855 ,227 900
in the previous season. Marked in
creases took place In France, Po-
land, Rumania, Morocco and Tur-
key.
The estimated world production
Of oats and barley was 4 and 10
per cent, respectively, larger than
in the previous season.
Evening star., 1939-04-16
District Business Borometers

indicate that Washing
according
advances.
Chesapeake Potomac Telephone reported
t Columbia telephones
compared with March, 1888 and increase during that
this Of 1884 phones.
For the nth consecutive month, NTH time
history originating
reaching against s53s47 in the like period
previous in March,
The Potomac Electric Power Co continued its long and steady
IN kowat hour sales March other
hour sales this totaled es5
1898. or 686 cent
city March climbed s against
in March per cent
and one of the best gains in months.
sales index OF store trade also went ahead with the
to the 1897 record and far ahead Of other recent
The NTH barometer
35O0 against SOS
00o The Washington Clearing
S9o 81 IN the first three months Of
r ~ ~ ~ 4'0
TO make the business picture
sented, follows: '- O ~
Evening star., 1939-04-16
Store Sales Decrease
In Capital After
Easter Rush
Trade Activity Shows
a. Per Cent Drop
From 1888 Week
By EDWARD c. STONE.

Following the Easter shopping
rush. department store sales in
Washington for the week ending
last Wednesday showed a small
drop of a. per cent from the cor
responding week last year, the Com
merce Department announced yes
terday in survey of business con-
ditions In 36 key cities.
The Capitals department stores
experienced decrease of 81 per
cent in sales as compared with the
previous week, the report stated.
The previous week included a full
six days of pre-Easter trade, which
accounted for the difference.
In the rest of the fifth district
trade was spotty in comparison with
last year. Norfolk and Charleston,
S. c., enjoyed the best advances.
Baltimore reported trade on a par
with last year and added that the
March-April results are expected to
be up with the like periods a year
ago.
In the Washington situation busi-
ness permits furnished the weeks
high light. Permits were more than
double the total for last year,
amounting to $614.20O, including a
permit for $4,000 for 81 row houses,
in comparison with $264,900. Bank
clearings were also higher, the total
of $25 ,582981 comparing with $23,-
712,767 a year ago.
The number of visitors increased
sharply. The Washington Monu-
ment reported 39,607 visitors, as
compared with q, ,4O8 in the previous
week and 15,459 in the corresponding
week in 1898. Total passenger rev.
enues of the Capital Transit Co. re-
vealed one of the best gains in
many weeks, $24O,73O, comparing
with $2l6,629 last year, the COM
merce review concluded.
Senator O'Mahoney to Speak.
Senator Joseph C. O'Mahoney of
wyoming will be the guest speaker
OF Washington Chapter, National
Association of Cost Accountants,
Evening star., 1939-04-16
Wool Trade Very Dull
At Boston in Week
b the Associ ated Press.

- ~~S~S~ess~A
BOSTON, April 15.- Omitted
States Department Of Agricultural
Business was very slow on the
Boston wool market during the
past week.
: In the latter part Of the week
sentiment among some members Of
the trade was inclined to improve
as q result of inquiries that have
been received from mills.
Actual trading, however, was ex-
tremely limited and prices were
somewhat irregular. especially on
Western-grown wools. Small weights
Of three -eighths and quarter blood
bright fleeces were bought occa-
sionally at steady prices.
Graded combing bright fleeces
were quoted unchanged at 26 to
28 cents, in the grease, for fine de-
laine; n to 20 cents for half blood,
and - to - for three-eighths and
quarter blood.
Evening star., 1939-04-16
Fountain SoIes $44 q Day

NEW YORK, April Is (SpeciaD -
There are $4,000 soda fountain op-
orators in the United States doing
a daily business of more than a.
600, 900, the Soda Fountain Maga-
zine estimates. To equal the ma
tional average, therefore. Q foun.
tain operator should have sales Of
44l.N q day.
Evening star., 1939-04-16
Amerodo Corp. Reports
Profit Of $1,634,486
By the Associated Pres.

by the Associated Press.
NEW YORK, April 15.-The
Amerada Corp, crude oil producer.
reported today for 1898 CONSOLE
dated net profit of 1854 1856, equal
to $2.07 share on the capital stock,
compared with $2,400,028, or $3.04
q share, in 1887.
A. Jacobsen, president, said the
corporations underground proven
reserves had increased to a new
peak as result Of discoveries and
extension of older pools last year.
Productive oil and gas wells were
completed In "a fields In Oklahoma,
Kansas. Texas, Louisiana, New Mex
leo and California.
Evening star., 1939-04-16

include T. Hunton Leith, vice presi-
dent and cashier of the Security
Savings & Commercial Bank; c. D.
Ratcliffe, vice president, Munsey
Trust Co., and E. Percival Wilson,
secretary of the National Savings
& Trust Co.
The five bankers have already
served the association on other i'm
portant committees.
Junior Commerce Directors.
Bernard j. Nees of johnson,
Lemon & Co. and a member of the
Washington Stock Exchange, and
William Blum, jr., of the National
Savings & Trust Co. have been
elected directors in the Junior Board
of Commerce, it was announced yes
terday. Robert Lee O'Brien of Fol-
ger, Nolan & Co. has just retired
as director.
Mr.. Nees was awarded the dis
tinguished service trophy for activi-
ties as chairman of the Membership
Committee. all previous records for
new members having been smashed
during the past year. A large num-
ber of young men in the financial
district are active members of the
organization.
Francis G. Addison, jr., president
Of the Board of Trade. gave many
valuable suggestions to the COM
paratively new organization at the
annual dinner.
Heard in Financial District.
Washington Gas Light IS, 1860,
figured In $500 bond transfer on
the Washington Exchange yester-
day at 124. Two new high marks
were made during the week, one by
Capital Transit and the other by
Real Estate Mortgage & Guaranty
preferred.
The Executive Council of the Dis
trict of Columbia Building & Loan
League will hold the regular month
ly meeting Tuesday noon at the Ra-
leigh Hotel.
John w. Hanes, Undersecretary Of
the Treasury, and his brother, Rob-
ert M. Hanes, Winston-Sa bank
er and first vice president of the
American Bankers Association, will
address the annual convention Of
the Indiana Bankers Association In
May.
Money in circulation at the end
Of March was almost up to its all
time peak of $6,851, 1898 reached
on December 81, 1898.
American Telephone checks cover
Ing the regular quarterly dividend
of 1925 per share arrived in Wash
ington yesterday. At last reports
there were about 10000 holders OF
this stock in the Capital.
Evening star., 1939-04-16


porary National Economic Commit
tee, a committee of the Senate,
House of Representatives, and rep
resentatives of six major Govern
ment departments or agencies. The
committee is charged with investi-
cation of the concentration of eco
nomic power in and financial con-
troll over American industry.
The speaker Is chairman Of the
subcommittee of the Senate Com
mittee on the Judiciary, which has
held extensive hearings on the Boz
OMahoney bill. This bill con-
templates Federal licensing Of cor
porations.
Willard is Sports Chairman.
William B. Willard, vice president
of the National Savings g. Trust
Co.. has been appointed chairman
of the sports committee for the an
Evening star., 1939-04-16
Heavy Steel Scrap Cut
so Cents Per Ton
BY the Associated Press.

By the Associated Press.
NEW YORK, April 15.-Dow Jones
& Co. said today in Pittsburgh
dispatch that No. heavy melting
steel scrap was now quoted SIS to
$3.50 a ton, decline of so cents.
Mill sales at $3.50, although not
large in the aggregate. were i'm
portant enough to establish the
lower price, the dispatch added.
Steel scrap was also lower at
Cleveland and Buffalo, the agency
said, following the past weeks de.
cline Of Ill important oenters.
Evening star., 1939-04-16

Wednesday eve
ming at the Ken
nedy w arr e n
Hotel, it was an
nounced yester-
day by President
William L. Slat-
terry. His sub
ject will be Fed
eral Charters for
c orp ra tions
and the Com
petitive System
for American
Business"
Senator OMa-
honey is chair
Evening star., 1939-04-16

nual convention
of the District
Bankers Asso-
citation, set for
Hot Springs, Va,
June 8-11, PreSi-
dent Hilleary G..
Hoskinson an
nounced yester-
day.
Rutherford j.
Dooley, cashier
of the National
Bank of Wash
ington, has been
n a m e d vice
chairman, The
~<hA.
Evening star., 1939-04-16
Freight Coins Expected

Freight car requirements to move
the 20 principal commodities in
the second quarter of 1899 are ex-
pected to be nearly IS per cent
greater than in the corresponding
period the preceding year.
Evening star., 1939-04-16
ConmodityPrice
Chongesin Week
BY the Associated Press.

6y LDe ASSOCluleu S1CSSs
NEW YORK, April 15-A slow de-
cline in commodity prices continued
this week, dropping many staples to
the lowest quotations recorded this
year.
The Associated Press weekly index
of the wholesale prices of IS staples
dipped to 65O5 from 65.13 the pre-
vious week and 67.76 q year ago. It
was the sixth consecutive week of
decline.
Slowing of industrial operations
since the latest war scare unsettled
business sentiment was marked by
cuts in prices Of copper, lead and
steel scrap.
A rally In the stock market was
accompanied by recovery in prices
of grains, wool, cattle and by Z fur
ther advance in the market for silk,
to new high levels for the last
nine years.
Ofsetting the gains were further
losses in hides, rubber. cotton and
other important commodities. Most
pronounced was the fall In metals
and industrial raw materials.
Federal Efforts Watched.
Government efforts In this coun-
try and abroad to prepare for war
again had implications for the COM
modify markets. Administration Of
ficials in Washington proposed a
plan to barter cotton and wheat for
rubber and tin with the objective of
killing two birds with one stone: Re
ducing the farm surplus in this
country and accumulating stocks of
strategic raw materials.
But prices of the commodities in
volved in these proposals were not
visibly affected. More important in
the eyes Of some commodity analysts
was the evidence of curtailment OF
steel and other industrial operations
since the war jitters returned.
Commodity men pointed out cop
per, lead and steel scrap would be
among the most valuable Of mate
rails for war economy. Yet the
slowing of industrial demand re-
Gently forced sellers to cut quo
tations.
Copper Producers Yield.
Major copper producers yielded to
pressure for lower prices after re-
sisting for week a cut in the do
mestic price to 1924 cents a pound
from 1lA. A smelling company fol-
lowed with a further cut to 1917
cents.
The Associated Press index of IS
commodities, with its components
based on 1926 average prices as 100,
coynna rod os fo11ou,S.
Evening star., 1939-04-16
Rail Purchases Decline

Railway purchases Of iron and
steel products in 1888 totaled $751;
!7o,O00, which was 68 per cent less
than in 1851.
Evening star., 1939-04-16
Poy Huge Fuel Bill

Glass I railroads In 1898 spent
nearly $244,00o,000 for fuel.
Evening star., 1939-04-16
Railway Tuxes Heavy

Railway taxes took sK cents out
of every dollar of revenue IN 1888.
Evening star., 1939-04-16
Copper Producers Yield,

means new 1889 low.
Evening star., 1939-04-16
Peace Efforts Boost
Stocks 81 10 81 in
Broad Rally
Buyers Still Cautious
Pending Reaction Of
Two Dictutors

WHAT STOCKS DID.
Evening star., 1939-02-15
AvroMosILrs FOR ALs.

PLYMOUTH 1889 de luxe touring sedan:
never licensed or titled; $500 actual miles;
9K1NKER. 1918 goth NV. Dist. 1910.
PLYMOUTH 1896 4-door trunk sedan. FOR
eSonomy plus and unexcelled performance
tnis de luxe Plymouth thorouxhiy recon-
Snront SSiuontsa cYF nam amechanics. is an unusual
sy. ey the Trew Motor CO.. 1926 14th st. NV.
lYdn2iHrH sl.de1iSHTrrH Meas 1ssS t,dooE trunk ssden AZ
dlaen Gn eqn ~ IN. rsSS sSs.r and hsts,
valus on. xoPs risymSS5h sen be dsssriSed IL only
$e4s; The TEew Motor Co. 1896 18th
PLYMOUTH 1892 4-door sedan. S11b; me-
chanically perfect, good tires. hydraulic
brakes recently refined. Rev. Schiebei.
5000 Warder st. NV. Randolph 1858
PONTIAC 1894 sedan; black finish mohair
upholstery heater. no-dreft ventilation.
good tires; smooth. powerful motor Guar.
ssfntesa; sfa; S45 DOWN; easy payments. Trisngle
Motors. 14Ol r. I. ave. ne. Decatur $500.
PONTIAC 1888 sedan; paint, tires. motor
and general condition OF this fine car fsr
above the average; will give many thou
cost; only Sl45. Emerson Orme. Sth
and M sts. NV. District $500. Open
PONTIAC 1885 "s'' 4-door touring sedan:
attractive: radio. heater and seat covers:
motor and tires excellent; will give care
Tree service at this low price OF S425,
PACKARD. Gath and N sts. NV. Repub-
Evening star., 1939-02-15
AUTOMOBILES FOR SALE.

PACKARD 1885 sedan model l2O-B: excel
s,,s SSs - aa .Ts orssIay siR ns
M & :ds AZ :s :: 's's:
lesI 40ds s asoc eetasi d0Gs
Il. ~ ss,s: &
ssas Ss: h s and n. By n.Iq,si
nasr mosol eaa ts. souR re. se9
beautiful blue; rubber ana Interior excel
lent; radio: spotlight: truly = fine car;
reduced to $3.50 for q quick sale. PACK
ARD. 24th and SITS. NV. Republic O145.
AGkAlRR 5lasR d9;.S d9SS 1,doOs trunk sedan model
6-wheel equipment. rubber and interior
Il ths 10y Ses fas of S nqs
Emerson EIa. .I;., 4 AZ orps: 18th and N sts. NV
PLYMOUTH 1897 4-door trunk sedan At
snswhers any, anH nh upholstsry shows no wear: me
se9sae Is ths etS TO-DAY
PLYMOUTH 1897. d. l.; rumble seat coupe;
an unusually nne car. like new. Also lS3t;
Plymouth de luxe rumble seat coupe; low
feafe fect .nr ors,nsi a1S., nish; mechanically per
market; We have the best selection Of
Plymouth cars in the city. Gardner Stuart
x"ao.oAS .; .nC.t oof 0idOenSpurR rQ. ne.
PLYMoUTH 1887 4-door turing sedan
built-in Philco radio; also 1885 Plymouth
4odoor touring sedan. radio and heater
1888 Plymouth 2-door touring sedan All
nne appearance and mechanically perfect
Priced low: Liberal trades and terms
Gardner-Stuart Motors. Inc, SO4 Bladens-
burg rd. ne. Line. 1918.
REYMoUTH r. MOI sadt 1887 de laxe 2.door touring.
Co.. 1909 M st NV. Open till 9 pm
PLYMoUTH FIan! sne 1887 conv. coupe; guaranteed;
M st. NV. Open till pm.
PLYMOUTH 1885 .4-door de luxe sedan;
noatti,n,E engine that's IN excellent
miles Of carefree service: S297 Lee b,
Butler. Inc, l12l 2lst NV. District 1918.
PLYMOUTH 1897 4..door touring de luxe
sedan; has heater. 4 new tires; cash or
small trade; private. Shepherd 4242
seat. ORIGINAL black finish like new leather
only, only sa9s; ;S5oti 50 down. .lance $50 per
3540 14th st. NV. District 6f3l
Evening star., 1939-02-15
AUTOMOBILES FOR SALE


FTL;YMoTT1H FI;y11 ST1E . 1889 . 2-dooT and z:dooI:
re- in.ursnce si7s down. s FINANCE 'tss. e..
1903 d st. NV. 6terling 9bO4.
PLYMOUTH 1888 de luxe 2-door trunk
etse G.e;a z ssa Ras a.pl les
.Ss.n .S: NV MosSS %et c?s ssis 2i'' " and Ne" York
PLYMOUTH 1887 two-door trunk sedan:
engine: hydraulics; little milease By orisi;;
fSs S,s,;ist oi%s siSS Buick i7sh and IS: NV.
heater; one-owner car and has perfect mo-
one Of the best Plymouths ever built and
purchaser will buy quickly for 81 80 Hitler
Motors 92b Silver Spring ave-. 8. B.. Nd
PLYMOUTH sedan, 1929; truly . remark
miles OF good transportation; good tires
and paint: clean upholstering; guaranteed
t.. to pass o5. p. &C.; G; inspection; s2g. . Hitler
Shepherd 600.
2:door touring, sedens, as low as $54b.
We have several Of these practically brand
condition and ali are tnoroashly susrsn- -
teed. Trade and terms. L. p. Steuart,
Inc, 1928 18th st. NV. Decatur 1903.
PLYMOUTH 1895 4-door touring sedan;
sadio T1a6 and heater; one owner; special at
low mileage, only S295; also 1884 de luxe
sedan. $l95 and 1893 de luxe sedan. $189:
fully guaranteed. Schlegel and Golden.
St. Takoma Park. D. c.. Geo. 1850.
PLYMOUTH 1887 2-door trunk sedan;
beautiful gray finish; excellent floating
power engine. safe hydraulic brakes: eco
nOmical family Car that we have uriced
special for $40. SULLIVAN CHEVROLET,
$50 New York ave.