davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-12-18
Industrial Plant
To Seek 10 Harness
Energy Of Sea
Wave Motor Tests
Very Successful,
Says Sponsor
By the Associated Press.

oS tUc A6bOClAteu fIcSS.
SC1TUATE Mass, Dec. l8.-An
attempt to harness the energy of
the sea on a commercial scale will
be made In this picturesque South
Shore town early next year.
Declaring tests of newly pat
ented wave motor" had proved
very successful" George A. Goul-
ston, president of a land corpora
ton, said an industrial plant would
be placed in operation here next
March for the purpose of using the
motion Of ocean waves as the sole
power source in the extraction OF
valuable materials-possibly gold
and radium-from waters of the
Atlantic.
Some so acres of ocean fronting
property would be used, he said
by Arthur E. Zoppa of New York
City. inventor of "self-energizing
sea water processing plant"
Visions Precious Materials.
while first work will be concen-
trated on extracting bromine, caustic
soda, chlorine and magnesium from
sea water" Mr.. Goulston declared
ut is not beyond possibility that
more precious materials can be ex-
tracted. Furthermore, the work will
open the way to investigation into
the use of oceanic energy in other
industries"
The zoppa apparatus, as described
IN the inventors patent petition
works this way:
A framework, that looks like a
housewives curtain stretcher on a
large scale, is placed in the water
at the point where the waves break.
On the side of the framework which
faces the sea are movable floats, so
rigged on slides that they pop up
and down after wave hits them.
An arrangement of chains at
tached to the floats rotates a shaft
at the top of the framework. The
shaft operates a pump which, in
turn, sucks water from the ocean
and sends it to the water processing
plant located at level considerably
higher than the level of the sea.
Electric Current Set Up.
Water can then be discharged
through conduit leading to a tur-
blne at lower level, activating the
turbine to move an electric gen.
orator. Ultimately the generator
sets up the electric current required
for the operation of the water
processing plant.
1t would be possible, Mr.. Zoppa
said, to store away surplus energy
for use on days when the sea is
calm.
This (the sea motor plant makes
it possible to realize important
economies" he said, especially in
so far as the generation of energy
is concerned The plant can be
built in localities far from large
centers of population, cutting land
costs, but still enjoying cheap trans
portation by water"
Evening star., 1939-12-18
Three actors Speed
Further Rise OF
Wheat Market
Damage to Argentine
And U. S. Crops Cited
With Big Demand
BY the Associated Press.

BY the Associated Press.
Domestic wheat markets advanced
to a new high level for the current
season last week.
The Agriculture Department at
tributed further price rises to three
factors:
l. Further deterioration in the
domestic winter wheat crop.
g Additional advances at VIM
nipeg as result of the continued
active demand from England.
3. Disappointing returns from the
Argentine harvest.
Drought conditions in the Western
winter wheat belt were said to oe
more serious. In the Northern Great
Plains, Eastern Great Basin and
Central Rocky Mountain States, the
drought remained unrelieved and
prospects were poor, considerable
drifting of soil was reported in
Wyoming. South Dakota, Kansas
and Oklahoma.
The department predicted that the
Southern Hemisphere wheat crop
this season would be about O,OO0,-
900 bushels short of last years crop
If present estimates of production
hold. The Argentine crop. now being
harvested, is officially estimated at
146 ,973 900 bushels, compared with
1856 POI 900 bushels last season. The
Australian crop is estimated at 1872
1000 bushels, compared with 154,-
426,000 last season.
European demand for both Ar
gentine and Australian wheat has
been fairly good and the Argentine
government has raised the price of
old wheat to exporters from IS cents
to- 60ss cents bushel. Hostilities
in Europe intensified the European
demand for foreign wheat, it was
said. and resulted in increased local
seedlings.
Domestic cash wheat markets
turned sharply upward along with
futures. Most classes sold at ST or
more per bushel in central western
markets. The department said
higher prices and need for funds
for tax payments resulted in some
what larger offerings by growers.
However, only small quantities of
loan wheat were reported moving to
market.
Corn and other feed gains ad-
vanced moderately under the in
fluence of wheat markets. The re-
sumption of export business in
United States corn was a further
strengthening influence, although
sales were not large. Current ar
rivals at Chicago sold readily to ele-
vator interests. feeders and indus
trial buyers at steady to slightly
higher premiums
Rye markets were independently
firm and advanced 8 to cents
bushel. Oats markets were firm
and prices averaged about / cent
higher than week ago. Barley
advanced around l cent.
At Chicago December wheat
closed Saturday at $1067s to SLOT a
bushel compared with Fridays close
of $1.03ss. December corn closed
at 56A cents compared with the
previous close of 55s.
Evening star., 1939-12-18
November Store Volumes
Well Above Year Aqo
BY the Associated Press

BY the Associated Press
ST. LOUIS, Dec. 18.-Total sales
IN retail stores through the country
increased Sc per cent during No
Vember over the same period year
ago, the National Retail Credit As
sociation reported yesterday follow
ing a survey covering more than
5000 stores.
Credit transactions were I'D 6.5
per cent and collections were 81
per cent better.
OF the 80 leading cities reporting
only four showed business declines.
The greatest increase in sales was
% per cent at Dayton, Ohio, while
Cheyenne, Wyo., reported a per
cent decrease. Berger, Tex, had a
IA per cent rise in collections.
The report attributed the gains
to increased pay rolls and a general
improvement in business conditions,
Evening star., 1939-12-18
Furniture Makers,
Business Up 20%,
See 40 as Even Better
Industry Isn't So Sure
Though, Thot War Will
Help Their Books
BY the Associated Press

DS sAe AoootAdtCo ElCoS
GRAND RAPIDS, Mich, Dec. l6.
Cautious optimism is the watch
word of the Nations furniture maxi
ers as they close their books on a
1889 business in the neighborhood
Of $414 000, 900, approximately 20 per
cent better than the S345 600, 900
volume of 1888. Even better days are
ahead, many in the industry say,
but none will go so far as to predict
return to the $500 900 900 level of
1929.
When the European war broke out
last September, some manufacturers
said they had discounted its effect
in advance and that it's actual out
break released the tension" Others
thought they saw a promise of de-
cidedly better business.
Now tnat the war is nearly four
months old, leaders in the industry
aren't so sure. They are agreed that
a general stiffening of the furniture
price structure is due next month as
result of increased costs of raw
materials, but whether this will be
accompanied by greater consumer
demand Is uncertain.
Frank E. Seidman, accountant
whose business it is to assemble
facts and figures on the industry.
has warned manufacturers against
drawing a parallel between present
conditions and those of 1914-l8.
II housing follows the path It
did in the last European war" he
said. the furniture industry has
little to get excited about as to in2-
mediate prospects"
one straw in the wind may be
Mr.. Seidman's recent survey which
showed that while retailers bought
70 per cent more furniture from
manufacturers in October than in
the same month of 1898, consumer
purchases during this period were
only Is per cent better. Some of
this disparity he attributed to shelf
filling on the part of retailers seek
ing to fill inventories before a rise
IN wholesale prices occurs.
All sources are agreed that there
is a large latent replacement de-
mand for furniture but just when
this will be released is uncertain.
Meanwhile the furniture centers of
Grand Rapids, Jamestown, N. Y,
and Rockford, Ill. are getting ready
for better business. although no one
will venture fiat prediction as to
how much better.
Evening star., 1939-12-18
Seiber|ing President
Scores Price Cuts,
Forecasts Boost
Reports Best Business
In Decade During
Fiscal Year
Ey the Associated Press.

Ey the Associated Press.
AKRON, Ohio, Dec. 18.-Presi-
dent J. Penfield Seiberling accom-
panied a report today on Seiberling
Rubber Co.'S most successful year
in a decade" with an attack on re
peated price-cutting" by some OF
the larger manufacturers. He pre-
dicted a modest" price increase
soon.
The 18-year-old concern reported
1923, 791 net profit for the fiscal year
ended october 81, against $297 ,494
the preceding IL months. Gross
sales of $l0,896,543 represented a IA
per cent increase.
The only disappointing develop
ment during the year. Seiberling
said, was the outbreak again of
repeated price-cutting on tires and
tubes in the form of so-called 'spe-
clal merchandising sales fostered
and aggressively promoted by some
OF the larger manufacturers, that
resulted in such an unsettling of the
resale price structure and demoral-
lzation Of the market that on No
vember l, last, one of the larger COM
panies decreased retail and whole
sale prices in the face of a 25 per
cent increase in crude rubber prices
and a rise of % per cent in the cost
of cotton.
In view of this condition and ris-
ing manufacturing costs, it is con-
f1dently believed that the present
price structure cannot stand for long
and that modest increase in prices.
fully justified by those higher costs.
Will materialize in the near future"
The company is considering a new
plan for retirement of certain con-
tlngent liabilities and to provide in
creased working capital. Last June
stockholders authorized $4,000
share issue of new $3.50 convertible
prior preference stock, intended for
sale to investment bankers, but it
was not issued. A restudy indicated
considerably less money was needed
than contemplated" and a new plan
is to be devised to suit the changed
conditions"
Evening star., 1939-12-18
Chain Store Volumes
Jump in November
By the Associated Press,

BY the Associated Press.
NEW YORK, Dec. 18.-Chain
store sales recovered sharply in
November from the previous month S
slump, with total volume equaling
the record seasonal high established
in 1887, Chain Store Age reported
today
The publications. sales index ad-
vanced to 1T per cent of the 1922
1881 average, compared with 1893 in
October and 1895 year ago.
Reports from the 20 chains regu-
larly used in the index indicated
that November sales were 7 per
cent larger than year ago, COM
pared with a per cent gain shown
in October.
Evening star., 1939-12-18
Foreign Markets

LONDON, Dec; 1s LP.-Liberal gains
were scattered through most sections of
the stock market today. Closing prices
were about the best for the day with oils
and textiles grabbing major share of
attention. Rails attracted provincial sup
port and selected rubbers moved up
British. government bonds maneuvered in
foreign bonds kept their balance despite
small dealings
PARIS.--Active trade accompanied
dollar guaranteed 1887 rente issue shot up
5:65 francs as fair demand revealed an
absence. of offerings. Scandinavian stocks
AMSTERDAM Price lines were stead
lily maintained in the Bourse today.
American shares were given better support
than most domestic equities, which wobbled
in a fractional range
Evening star., 1939-12-18
Boston Wool Market

BOSTON, Dec IS GP.-United States
Department of Agriculture THE domestic
wool market has not, as vet. shown any
definite reaction to the plan announced
late last week by which Australian wools
will be sold to American buyers One rea-
son for this wss the lack OF price informa-
tion on specific commercial types of Aus
tralian wools which buyers in this country
desire Pending further clariflcation of
the Australian wool price situation. domes-
tic woods were quiet today and quotations
remained at the levels established by late
trading last week
Evening star., 1939-12-18
Drygoods Market

NEW YORK, Dec IL lP.-Traders in
the drygoods district today reported a good
demand for broad cloths and moderate
business was done at steady prices Print
cloths and sheetines were less active with
scattered replacement buying
Business in rayon goods was slightly bet
ter and pickup in demand for spun ray
ons is appearing with prices holding firm.
Buyers in silk goods were virtually with
drawn from the market this morning
when new high prices were registered in
raw silk futures with maximum gains of
15 cents
Woolen prices continue quiet, with most
houses taking inventory
Evening star., 1939-12-18
Crude Oil Prices
Reported by Smith. Barney & Co

TULSA. Dec 1S P.-Base crude oil
prices: Mid-continent area, Illinois. LOS.
Oklahoma-Kansas, gravity scale 80 to
10 North. North Central and West
Central Texas. gravity scale II to 1903
East Texas, 1.10. West Texas gravity
scale 53 to 95 North Louisiana Arkansas,
gravity scale 73 to ! .O5.
Rocky Mountain area. Salt Creek Wyo.,
gravity scale Sc to 11O
Eastern area, Pennsylvania grade BRAD
PARLIAMENTARY, $50. same grade in
southwest Pennsylvania lines. 215; same
grade in Eureka lines 2.Oa; same grade
IN Buckeye lines. 2.05; Corning. 1.02.
Evening star., 1939-12-18
Reichsbunk Statement

BERLIN, Dec. 1s tP,.-The Reichsbank
statement as of December Is showed Gin
thousands of rechsmarks):
Gold and foreign exchange. 77.433. IN
crease 307: bills of exchange and checks,
1O,501 .403. increase 5S6.742: securities,
s77.796. decrease 64,O77: other assets.
1885. 5.5sI: decrease 647.476; circulation,
10,969. 0S5. increase 7,130: sight deposits
OIL per cent; rate of discount per cent.
Evening star., 1939-12-18
Pact to Reduce
Cuban Sugar
| Duties Soon
es the Associated Press.

An agreement will be signed soon
between the United States and Cuba
for a reduction on the tariff on
Cuban sugar, it was learned today.
The agreement, which is termed
supplementary to the existing trade
agreement, calls for reduction in
the duty from S152 to 80 cents per
hundredweight.
The 90-cent rate prevailed under
the existing Cuba quota until Presi-
dent Roosevelt, noting the rise in
the price of sugar after the outbreak
OF the war, lifted all sugar quotas.
Evening star., 1939-12-18
Poris Exchange Rotes

PARIS Dec. IL 1p-The United States
dollar closed unchanged at 43 so francs
t22s3 cents to the france in foreign ex-
with the franc at 2233 cents in New
York over the week end. Exchange on
London, 176.625
Three per cent rentes in the Bourse
ended 1885 francs; 4i7s "A" S515; 4ss
1887, 217.15.
Evening star., 1939-12-18
Washington Exchange
SATEC

Capital Traction 1st 5s-s1.OO0 at
90l4, $1,000 at 9814.
Mergenthaler Linotype-10 at Is. II
at 14$4
Washington Gas 5s l96O-S5OO at
123 reg.
Washington Ry. & Elec. pfd.-5 at
116.
Evening star., 1939-12-18
Metal Market

NEW YORK. Dec. IS R.-copper
steady: electrolytic SPOT 1880; export,
1275-13OO Tin easy: spot and nearby,
$3.50: forward, 1850 Lead, steady; spot,
New York, 5.5O-55: East St. Louis, 5.35.
ward 500. Pig iron, No ?. fob. Eastern
PENNSYLVANIA, "a 90: Buffalo. 23OO: Ala
bama. 1898. Aluminium. virgin. 80 per
Quicksilver. 14OO0143.OO. Platinum. pure,
1000. Chinese wolframite, duty paid,
22: :oO-24 Don. Domestic scheelite. 23 OOn.
n Nominal
Evening star., 1939-12-18
Failures TotoI Down

NEW YORK, Dec. 10 (P-Busi-
ness failures in the United States
dropped to 203 during the week
ended December IA from 23l in the
preceding week, Dun g. Bradstreet
reported today. This compared with
ZIG in the comparable 1888 week.
Evening star., 1939-12-18
Leod Banks Kept Busy
By Homestuke Bonus
By the Associated Press.

By the Associated Press.
LEAD, s. Oak, Dec. 18.-Santa
Claus came early to Lead this year,
and local banks had to remain open
long after usual closing hours Sat-
urday to help him.
The Homestake Mining Co., fol-
lowing its annual custom, handed
out $4,000 in Christmas bonuses.
Checks for 500 went to each Of
2,l00 employees.
Evening star., 1939-12-18
Money Market

NEW YORK, Dec. Is lP,.-call money,
paper, 5. per cent. Time loans steady;
5000 days. "; four-six months. ia per
80 days III. per cent; four months, ~
per cent; flve-six months. as-,. per cent
Rediscount rate, New York Reserve Bank,
l per cent
Evening star., 1939-12-18
Columbia Life Buys
Ohio National Life
By the Associated Press


CINCINNATI, Dec. 18.-Acquisi-
ton of Columbia Life Insurance
Co. by Ohio National Life In
surance Co. was announced today
subject to ratification of stock
holders.
Evening star., 1939-12-18
0dd-Lot Dealings
BY the Associated Press.

The Securities Commission reported to-
day these transactions by customers with
odd-lot dealers or specialists on the New
York Stock Exchange for December 49,:
1853 purchases involving 5O,205 shares;
2.15S sales involving 51,S67 shares. in
shares
Evening star., 1939-12-18
Freight Loudinqs

NEW YORK Dec 1S P-Revenue
freight -carloadings on railroads reporting
today for the week ended December 16
included:
Previous Year
Dec. 16. week. ago.
Baltimore a. Ohio 46964 47,352 39,64O
St. Paul -- 274O1 2S,126 25,921
Evening star., 1939-12-18

Quotations furnished by National Asso-
citation of Securities Dealers, Inc, which
states they do not necessarily reflect actual
transactions or firm bids or offers, but
unless otherwise indicated. are as quoted
by the SPONSORS or issuers
'Asterisk indicates. mot quoted By spon.
sors or issuers.'
Evening star., 1939-12-18
Steel Quotations

NEW YORK Dec 1s lPr.-Steel prices
per 100 pounds fob. Pittsbureh: Hot
rolled sheets, base price. 2.10; galvanized
Sheets $50: steel bars. 2.15.
Evening star., 1939-12-18
London Tin Prices

LONDON. Dec. Is LP.-Tin spot f25s
los bid; asked. $3.50: future. f256 bid
ASKED. f25e los.
Evening star., 1939-12-18
London Bor Silver

LONDON, Dec 1S tP-Bar silver,
23i.d. up Is. Equivalent AZ so cents on
the dollar basis S4.03). Bar gold, 1855,
UNCHANGED Equivalent S33 3s5l.
Evening star., 1939-12-18
Investing Companies

NEW YORK, Dec. s iI'D-National AS.
sociatlon OF securities Dealers, Inc:
Noon quotations.
Evening star., 1939-12-18
Dividends Announced

NEW YORK Dec. 1s-Dividends de-
clared. PREPARED by Fitch Publishing Co ::
Regular.
Pc Stk of Pay
Evening star., 1939-12-18
Federal Lund Banks

NEW YORK, Dec. 1s R).-Federal Land
Evening star., 1939-12-18
U. 5. Treasury Notes

NEW YORK. Dec Is GP-Prices quoted
in dollars and thirty-Seconds:
Evening star., 1939-07-10
Bedtime Stories

Peter Rabbit was beginning to
feel uneasy in his mind. Yes, sir,
he was growing positively uneasy
He didn't like the look on the faces
of Danny Meadow Mouse and Old
Mr.. Toad and Johnny Chuck. He
didn't like the merriment of the
Merry Little Breezes. All of them
were too eager for him to jump
against Nimbleheels, the pretty little
cousin of Danny Meadow Mouse.
Peter began to be suspicious. 1t was
quite clear to Peter that they knew
Nimbleheels and all about him. He
wished he hadn't allowed his tongue
to run in idle boasting of how he
could jump.
But wishing wouldn't change mat
tiers bit. 1t never does. So Peter
did his very best to think of some
excuse for going straight back to
the dear Old Brier Patch. He did
his best, but his wits were slow, and
do what he would. he couldn't think
OF single excuse that his friends
would accept. They began to hint
that he was afraid to jump against
Nimbleheels and that his boasting
was all bluff.
Just then Sammy Jay happened
along, and. of course, he stopped to
find out what was going on. He
heard that Peter had boasted that
he wasn't afraid to jump against
any member of the Mouse family,
and that he had offered to jump
against Nimbleheels, but now was
trying to back out. Sammy laughed
aloud.
Don't let them jump yeti" he
cried. Don't let them jump yet!
Wait until I carry the news to the
Old Orchard and the Green Forest.
1t would be shame for Peters
friends not to see what a wonderful
Jumper he is. Wait until I get
back"
Of flew Sammy Jay to spread the
Evening star., 1939-07-10

news Of the jumping match. At
once Peter made up his mind that If
he must do it the sooner 1t was
over the better. Certainly he wanted
to get it over before Sammy Jaw
returned. So Peter announced that
he was ready.
mo, no!' cried Johnny Chuck.
wait until Sammy Jay returns" !"
But Peter insisted that he was
ready to jump then, that he must
get back to the dear Old Brier
Patch, and that he would wait no
longer. Then it was discovered
that Nimbleheels was nowhere to
be found. He is very timid and
bashful, you know, and so he had
stolen away.
You can't imagine how relieved
Peter was. At once ne was all
smiles. Il guess" said he, that he
knew better than to jump against
me. He didn't want to be laughed
at and so he stole away while we
were talking. A little fellow like
that wouldn't have a chance in the
world against me-"
Now, wasn't that just like Peter!
Here he was boasting again. But
then 1t was perfectly safe to boast
now that Nimbleheels was no longer
there. At least, that is the way it
seemed to Peter, and he continued
to let his tongue wag. He pooh
poohed at the idea that Nimbleheels
was much of jumper and said
that the proof of it was the fact
that he hadn't dared stay for the
jumping match. All the time down
inside he was joyous. That's what
he was-joyous. He was joyous be-
cause he was SO cleverly getting out
OF the scrape into which his tongue
had led him, or thought he was, at
least.
Right in the midst of his boast
ing squeaky little voice broke in.
III that's the way you feel about
1t, Peter Rabbit, I will jump with
you after all" cried the soueaky
little voice Indignantly, and Nimble-
heels poked his head out from a
bunch Of grass under which he had
been hiding, I'll jump, you big
boaster.
At that very instant Sammy JAYS
voice was heard. Peter turned to
look. There was Sammy coming as
fast as he could fly and behind
hlm were all the little people of the
Old Orchard. 1t was right then and
there that Peter resolved that never
again would he boast.