davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-07-14
| Giant Utility
Funding Issue
Is Planned
By the Associated Press.


NEW YORK, July 14.-Pennsyl-
vania Power g. Light Co. was re-
ported today to be planning regis
tration within two weeks of $780,
100000 in refunding bonds as a step
in the dissolution of Lehigh Power
Securities Corp, of which it is a
subsidiary.
The dissolution would make Penn
sylvania Power direct subsidiary
Of National Power e. Light Co., an
affiliate of Electric Bond g. Share
Co.
The sl3O.OOO.OOO refunding would
be one of the largest electric utility
financing operations in many years.
Approval of the Securities and Ex-
change Commission is required be-
fore f1otation of the bonds.
Evening star., 1939-07-14
Excess Bank Reserves
Up $50 Millions
During. Week
Return Of Cash After
Holiday and Federal
Spending Cited
BY the Associated Press.

By the Associated Press.
The post-July 4th return of money
from the pockets of holiday cele-
brants to the banks caused a boost
in the lendable excess reserves of
the banks to a record high of S4,-
450,000,000 in the week ended July II
The Federal Reserve Board said
the increase, which amounted to
$3.50 900 900, also was cue, in part, to
Treasury expenditures.
The board reported that the II
Fedora, Reserve banks reduced their
investments in Government securi.
ties by sl6,0O0.0OO to s2,535 ,OOO, 900
during the week. The decrease, how
ever, was said to be due to the high
cost of buying short-term Treasury
bills, which induced the banks not
to replace maturing bills in their
portfolios.
Evening star., 1939-07-14
FOREIGN Exchunoe

NEW YORK. July IA 4N.-The BELGIAN
belga worked .00H of a cent higher in
terms of the dollar in quiet foreign ex-
change dealings today.
other leading currency units, including
the pound sterling French and Swiss
francs Netherlands guilder German mark
and Canadian dollar were unchanged from
yesterdays closing prices
Late rates follow:
Great Britain in dollars, other in cents ::
Great Britain, 4.6SA 60-day bills,
4.67Is Canada. Montreal in New York
% S2ls Canada New York in Montreal
1OO17,s; Belgium, 1899; Denmark, 2O.91 !;
Finland, 2.O7: France, 2.65; Germany.
4013: BENEVOLENT 1915: travel. 22.70
Greece, 85Is: hungary 1870: Italy,
526h: Netherlands. SO. 22: Norway. 1884; !;
Poland. 1885; Portugal 4.27; Rurnania
.0072: Sweden. 2413: switzerland, 22.55;
Argentina soflciaD. 81 %; Argentina (free),
20 is; brazil (oficiaD sos: Brazil (free)
$40: Mexico. 800 nominal; Japan. 27.31:
Hong Kong, % %; shanghai, 1890; Yugo-
slavia, $50. Rates In spot cables unless
otherwise indicated.
Evening star., 1939-07-14
Hudson June Sales
40 Per Cent Luroer
Special Dispatch to The Star.

NEW YORK, July l4.-Retail sales
of Hudson cars in the United States
for the month of June showed an
increase of 40 per cent over June,
1888, the largest monthly gain
recorded so far this year, according
to George H. Pratt. general sales
manager of the Hudson Motor Car
Co.
The rising trend of sales continued
through the final week of June
which showed SO per cent increase
over the corresponding week Of last
year while the first week of July
registered so per cent increase over
the like period of 1898.
Evening star., 1939-07-14
MathieSnn Alkali.

NEW YORK, July IA (P).-Mathie-
son Alkali Works, Inc, for the June
quarter today reported net profit of
$174098, equal to 16 cents COM
mon share. This compared with net
profit Of $l6l 948, or Is cents a share,
in the preceding quarter and Sl93.-
152, or 18 cents a share, in the like
quarter last year.
For the first half the company had
net profit of $336,046. or 81 cents a
common share. compared with $685.
552. or "a cents share, in the like
1898 period
Eaton Manufacturing.
Eaton Manufacturing Co. for the
June quarter reported net profit of
$3.50, ,692. equal to 80 cents common
share, compared with net profit of
S725 ,999, or S103 a share, in the
March quarter and net loss of S151,-
292 in the June quarter last year.
For the first half profit was S1.285,-
SOL, or 81 63 common share. COM
pared with net loss of $3.50 1884 in the
like 1888 period.
Underwood Elliott.
Underwood Elliott Fisher Co.,
makers of Office equipment. reported
net profit for the quarter ended June
80 of s300,756. equal to Al cents a
share on the common stock, COM
pared with $3.50, 1853, or rs cents a
share, in the preceding quarter and
s371 SOB, or so cents a share, in the
comparable 1888 quarter.
Evening star., 1939-07-14
Two Truins Ordered

NEW YORK. July IA R.-At-
lantic Coast Line Railroad an
nounced today it had ordered two
Tear stainless steel trains powered
with 1000 horsepower Diesel engines
from the Edward G.. Budd Manu-
featuring Co. The new trains will
be put on the New York Miami
run about December l.
Evening star., 1939-07-14
Brokers' Looms Gain
$1,0O0,0OO for Week
BY the Associated Press.

BY the Associated Press.
The Federal Reserve Board re-
ported yesterday that last weeks
loans to brokers and dealers on Sc
curities held by reporting member
banks in New York City totaled
s496, 100000
For the week ended Wednesday
the total represented an increase of
Sl,000.000 when compared with the
previous week.
Loans for the corresponding week
a year ago totaled S496, 6,OOO,O 900.
Evening star., 1939-07-14
Hiram Walker Earnings
Fall Below Year Ago
BY the Associated Press.

By the Associated Press.
NEW YORK, July 14.-Hiram
Walker Gooderham e. Worts, Ltd,
reported net profits for the quarter
ended May 81 of slips, $50, equal to
Sl36 share on common stock.
comparded with S1,184,103, or SLAB
a common share, in the comparable
quarter last year The company
has distilleries in Peoria, Ill: Walk
erville and Toronto. Ontario, and
Dumbarton, Scotland.
Evening star., 1939-07-14
New York and CHICAGO
Bank Loans Gain
Ey The Associated Press

BY :he Associated Press
The Federal Reserve Board re-
ports that commercial. industrial
and agricultural loans of New York
City banks in the week ended July
II increased s4,OOO,O0O to a total of
Sl409, 100000
Similar loans in Chicago increased
100000 to total of 100000.
Evening star., 1939-07-14
Ironion Railway Asks
Bids for Equipment
By the Associated Press.

6y tne Associated fre1.
The Iranian Railway Administra-
ton has advised American manu-
facturers Of locomotives, freight
cars and passenger coaches of an
opportunity to bid on new equip
ment.
A cable from the American Con-
sulate at Teheran to the Commerce
Department said Iran CPersia)
plans to buy $50 freight locomo-
tives, % Diesel shunting engines,
1855 freight cars and 120 passenger
coaches.
Evening star., 1939-07-14
Dollar Is Unchanged
lin London Trudino
BY the Associated Press.

By the Associated Press.
LONDON, July 14.-Final rate for
the United States dollar was un-
changed at 4.68 3/l6 to the pound
today, compared with a similar rate
for sterling in New York overnight.
French francs were unaltered at
1852 to the pound.
Evening star., 1939-07-14

Quotations furnished by Investment
they do not necessarily reflect actual
should indicate approximate prices. and
unless otherwise indicated are as quoted
by AssersR as lnd.sstes ss quoted
snonsors or issuers."
Evening star., 1939-07-14
Container Corp. Earns
S32,249 Profit in
First Half
Result Contrasts With
$l20,25l Deficit in
Same 1888 Period
BY the Associated Press,

BY VI1t HSSUCIdIeU fTeSs,
CHICAGO, July 14.-Net earnings
of Container Corp. of America in the
first half of this year were $32, ,249,
equal to cents a share on 78l ,253
shares outstanding, Walter P.
Paepcke, president, announced to-
day.
In the corresponding period last
year the corporation had a net loss
of $120,251.
Earnings in the second quarter
this year were S8049. equal to cent
share. In the first quarter earn
ings amounted to $24, ,199, or 3 cents
share.
Evening star., 1939-07-14

'Ex-dividend. b Books closed stock call
ed for REDEMPTION September Is. 1889
Sl4 90 extra paid December 90. 1888
< zoe extra N 81 90 extra p,5oc paid
September 90 1888 50 90 paid in 1898
vs2.00 paid so far this year. yS5.OO
extra.
Evening star., 1939-07-14
Exchange Chief Sees
Need for Drastic
Market Aid
Martin Points to Big
Shrinkoee in Volume
After PorIey Here
BY the Associated Press.

oy Inc hSSOCldtcu FIcsS.
William McC. Martin, president of
the New York Stock Exchange, said
today something drastic must he
done in the near future If the use.
fulness of the market is to be pre-
served"
In an interview following a con-
ference with Jerome Frank, chair
man of the Securities Commission.
Martin said that volume of business
on the New York Stock Exchange
had dwindled to only a few hundred
thousand shares daily in recent
months.
And, he added, the brokerage COM
munity, although it has had a "se-
we're shakeout," somewhat contract
ing its facilities for business, still Is
geared to conduct a business of
1000 900 or more shares a day.
Martin stressed, however, that mot
too much emphasis should be placed
on volume" in considering exchange
problems.
Generally speaking" he said.
Il 900, 900 shares daily are needed
for Wall Street to break even-even
after the shrinkage in the brokerage
business of recent years.
The youthful New York Stock
Exchange president said his meeting
with the S. E. c. chairman had been
harmonious.
THE atmosphere was pleasant and
one of complete cooperation, he
added. 1T was part of an effort
to do what is best for the public
interest"
At his meeting with Frank, Mar
tin presented letter stating the
exchange had appointed a four
man committee to serve as a public
examining board to study the sub
ject OF brokerage banks"
The function of a brokerage bank
would be to protect funds and Sc
curities of brokerage customers.
Evening star., 1939-07-14

Also extra or extras.
Quotations furnished by Investment
Bankers Conference. Inc. which states
they do not necessarily reflect actual
transactions or firm bids or offers. but
should indicate approximate prices.
Evening star., 1939-07-14
New Securities
Nearly Double
Last Week
By the Associated Press

By the Associated Press.
NEW YORK, July 14-Public Of
ferings of new securities during the
week ended yesterday totaled $45,-
90l ,l65, almost doubling the amount
sold in the previous week.
The issues were largely municipal
borrowing, and 95 per cent of the
total was for the purpose of obtain
ing additional capital rather than to
refund existing obligations.
Comparisons follow:
Municipal.
Last week. Previous week. Year ago.
o39'l43'OOo S5532.494 S12.l77.000
Public Utility.
100000 3O,557.OOO
Railroad.
29sO.OOO
Industrial.
Miscelianeous.
996.0OO
Stocks.
a46a,1e5 6,4es,15o 100000
Total.
45.901,1 26997. .644 1924, 600
Evening star., 1939-07-14
Investing Companies

NEW YORK. July IA lP.-Investment
Bankers Conference. Inc:
(ClOSlng QuotatlonSl
Evening star., 1939-07-14
BONDS

MISCELLANEOUS
Chevy Chase Club LIST 4As IO4
Col Country Club LIST 4Ls l03
Ter Ref 6s VIII Corp LIST 44s 103la =.
Evening star., 1939-07-14
Special Study Planned.

NEW YORK, July IA (P.-William
McChesney Martin, president of the
New York Stock Exchange, today
sent a letter to Jerome M. Frank.
chairman Of the Securities e. Ex-
change Commission, stating he in
vlted four experts as public ex-
amining board" to study the feasi-
blllty OF creating brokerage bank"
in Wall Street.
The four are Randolph Burgess,
former vice president of the Federal
Reserve Bank of New York and now
vice chairman of National City
Bank; Carle c. Conway, chairman
OF the board of Continental Can Co. ::
Walter J. Cummings. chairman of
Continental Illinois National Bank
d Trust Co. of Chicago, and Roswell
Maglll, former Undersecretarv of
the Treasury.
Opposed by Brokers.
A spokesman for the exchange
SAID the inquiry would be a sweep
ing study of the technique of stock
eHcnahge trading, although aimed
primarily at the question of estab-
llShlng the so-called "brokerage
bank to centralize handling of Sc
curltles in Wall street.
The announcement was made at
the exchange while Martin was in
Washington comforting with SEC
authorities on the central depos-
itory. which the commission has
urged as another safeguard for in
Vestors and traders.
The brokers bank proposal has
encountered widespread opposition
IN stock exchange circles on the
ground 1t would not be practical
with trading on greatly reduced
scale.
The four men invited to conduct
the study, it was said, have accent
ed and been assured a free hand
TO make what may become the most
searching study of the exchange
machinery in Wall street history.
Evening star., 1939-07-14
Washington Exchange

SALES.
Capital Transit co.. at 13.
Evening star., 1939-07-14
Insurance Stocks

NEW YORK. July IA tP,.-1nvestnen,
Bankers Conference Inc
Evening star., 1939-07-14
U. S. Treasury Notes

NEW YORK, July IA UP-Prices quoted
in dollars and thirty-secondS:
Evening star., 1939-07-14

2.9SO.OOO
$4,000
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1939-02-06

II H. W ,5 TO $4,000 OR 20 DAY,
rliAe EsEnr, :. =. zHIloNaE injury
Ilaasas - sEtfcnoN or
The Waterbury Democrat., 1939-09-08
mo ACTION ON
FACTORY TAXES
ManviIle Co. Asked to
Furnish City With Finan.
cial Statement

TAX Attorney George r. 0uilfoile
reported to the board Of finance
yesterday afternoon that taxes
amounting to $7S,7Sl are owed the
city by the e, ]. Manvllle Machine
Co., and asked for advice on
whether or not he should take FORE
closure proceedings against the COM
pany. The board deferred action,
pending Q report on the factory's fl
nancial condition.
Attorney 0uilfoile told the board
that he had no wish to force the
company out Of business and make
Its workers unemployed, but felt
that the amount due the city was
too large TO warrant any further
delay.
Attorney Edward r. Carmody, ap-
pearing for the company, said that
business has increased sharply IN
recent weeks and that further busi-
ness Is expected because Of the
European war. He said he felt
that II action were delayed the
company would be able to take suit
able steps, and asked for time Ia
consult with officials OF the factory
According to Mr.. Carmody, the
factory now has go employees, but
that when business Is good there
are about 400 employees,
On motion of Commissioner John
II. Goss, the board voted to delay
action until It had received a report
on the company's financial condi-
ton and prospects.
The Waterbury Democrat., 1939-09-08
WOMEN DONATE
| $50 TO CHURCH
Daughters Of Zion Make
Contribution to Evan.
gelical Lutheran

The Daughters Of Zion Of Zion
Evangelical Lutheran church gath
cred for the FIRST meeting OF the fall
season yesterday afternoon at the
church parsonage on Cooke street
at the invitation Of Mrs. +, Elnar
Kron. There was q good attendance
OF members and visitors, Mrs, Emil
johnson was in charge Of the meet
ing and Mrs. Betty Hallenhorg read
the minutes Of the June meeting
Report Of the treasurer, Mrs, Axe
Forsell, revealed enough In the
treasury 10 warrant the donating OF
$50 TO the church. Plans were
formulated for the fall season. Mrs
Carl @. Carlson invited the organ
i2ation to meet In her home Oc-
tober 5th.
Among those In attendance were;
Mrs. A, Morris Anderson, Mrs. Car
@, Carlson, Mrs, Arvid Swanson
Mrs. Oscar Peterson, Mrs, Axel For.
sell, Mrs, B. G. Isaacson, Mrs. Gust
Grandell, Mrs. Emil johnson, Mrs
Emma johnson Of Naugatuck, Mrs
Chas. H. Swanson, Mrs. william,
Swanson, Mrs. John Ericsson, Mrs
Betty Hallerbo Miss May Isaac
son, Mrs, John Grandell, Mrs, Fred
Larson, Mrs. Emil Anderson, Miss
Viola Anderson, Mrs. Emma Peter.
son, Mrs. G, E. johnson, Mrs
George Grandell, Rev. and Mrs. e
Einar Kron, Miss Airline Kron an6
Miss CAROLYN Kron,
The Waterbury Democrat., 1939-09-08
BAPTISTS PLAN
new SCHEDULES
Unified Program to Be
Adopted Starting Next
Sunday Morning

With the opening of the fall work
September 10, the First Baptist
church will inaugurate q new plan
and schedule for the Sunday morn
ing services-the church worship
and the Sunday school. The church
worship will be at 1880 o'clock. Sun
day school for the kindergarten, pri-
mary, junior and intermediate de-
partments will commence at IL
o'clock. Sunday school viii continue
till 1915 o'clock.
The adult classes Of the Sunday
school will meet at 1850 o'clock, fol-
lowing the service of worship. This
arrangement has come to be known
In the churches as "the unified
plan" and has proved convenient
and successful In many churches.
Children and young people are en-
couraged to attend the first part of
the church service, being dismissed
to 60 to their study before the adults
who remain throughout the service,
Parents are encouraged to attend
the church service with their chill
dren and families to sit together.
Special emphasis Is being put on
the classes in the Sunday school for
adult study, and parents and other
adults are invited to attend them,
following the church service, while
the children and young people are
at their classes. BY this plan, It Is
announced, the two services, that Of
worship and that Of study, are
brought within an hour and forty
flve minutes. In adopting the plan,
the church considered that 1t would
make for the convenience of FAM
lilies Of the parish particularly who
wish to come to church together
and 60 home together.
The Waterbury Democrat., 1939-09-08

posals which appear TO me TO be for
the betterment Of the city and Its
citizens. I believe It to be the prime
duty Of the minority, Of which I am
to be q member, to be vigilant to
recognize and to oppose improper
or unwise legislation, as 1t Is also
their important duty to cooperate
with the majority In oil construc-
tive and beneficial actions.
This appointment has been &c
cepted by me only after serious con-
sideration. My political activity has
been largely concerned with estab-
fishing harmony within the Demo-
cratic party Of this city so that It
may fittingly represent the ideals
Of the thousands Of splendid cit
liens who are Its members. viii
continue In that effort,
$50 that no one may be In doubt,
I wish to declare that I will neither
seek nor accept o nomination for
alderman In the coming election. ]
regard the acceptance Of this APP
pointment solely as o high civic
duty and I intend to do all In my
power to assist Waterbury and the
Democratic party during this tenn.
porary time Of stress"
The Waterbury Democrat., 1939-09-08

is a habit-in a few weeks"
Carma was crying silently, I'M
shadow. "1'll never be able TO
heedful of the mascara and eye
break the habit Of Pete" she
choked.
After a sketchy luncheon, they
left the restaurant, two ultra
smart, young business women
One costly dress covered heart
break, the other a constantly nag
ging fear. Calamity they smiled
at parting.
Another side of the hectic picture
presented itself to Marian that
afternoon, when Florence Avery
the switchboard girl, came to her
desk. Florence was shy, retiring
girl.
do you think I could have q
small raise in salary, Mrs. Hark-
ness?" she asked.
Marian loked doubtful. ITS
there any particular reason why
you need more money.
The girl blushed. Ted, my hus-
band, wants a car. He says a man
can't get a Job without car"
Hasn't your husband a job?'
"Oh, no, he hasn't worked since
we we're married
Florence, that's too bad, II
makes 1t hard for YOU"
II don't care whether he works
or not" Florence replied with q
touch Of shy defiance. 1T doesn't
matter where the money comes
from. We have lots Of fun She
looked down. drawing a wistful
breath. II just thought - he hasn't
seemed so happy lately-if I could
get car for him on payments,
Marian felt that the world had
gone topsy- turvy, 1t was all wrong
somehow. Herself, best with
anxiety; Carma, sick with grief
because she had not been able to
have her cake and eat 1t, too. And
now little Florence, trying to hold
her husbands love by providing
for him more lavishly. Three bus
mess women. After all, were the
homemakers to be envied? She
thought Of Dolly and Pete's Julie
She said harshly to the waiting
Florence, IF your husband wants
car I'm afraid he'll have to
buy 1t for himself"
"Yes'm." Florence turned away,
her small face Swallowed.
Marian thought: What's the
matter with us? Has civilization
The Waterbury Democrat., 1939-09-08

gone into reversep She sighed
Whether 1t had or not, there was
no turning back. They must all
go on, caught in the web Of their
own weaving,
As for herself, she must find
some way Of circumventing Sally
Blake. 1t should be simple. Sally
was younger, yes, but other than
that, her advantages were on the
negative side. She had no back
ground of experience, she was
only fairly adept Several times
that day G. F. had laughingly
corrected her.
Laughingly - that was the catch
He had appeared to enjoy Sally's
presence In the office. Marian set
her chin. Shed hang on. The
nagging dread again, the dread
which did not concern Sally. What
would she do II -? Instantly, she
assured herself that the dread was
absurd. She had managed her life
for ~ years, forced the .ates to
smile upon 1t. II was most likely
oAiS StuAN ~ VA dOAAA6 oSs
At the end of the afternoon she
was utterly exhausted, distracted
with the swinging pendulum Of her
thoughts. When Dan called for her
at the office, she raised haggard
eyes, sure Of his sympathetic UNI
Outstanding.
I'm so tired" she complained
Its been hectic day, DAM
She was on the verge OF tears
II only Dan would take her In his
arms, kiss away all her worries,
She leaned toward him, only to
have him turn abruptly away.
That's the way they come
sometimes" he said.
Anyway, 1t was nice riding home
with Dan. Carefully removing her
hat, she leaned her head against
the cushion. YEARLY, she closed
her eyes. The events Of the day
marched before her. troublesome,
vexing, disturbing. They were we'll
out Siberian before she found the
strength to tell Dan Of Carma S
frantic regret.
Dan did not exactly say that
II served Carma right, but Marian
received the impression that he
thought so. He said, "Carma has
kept Pete dangling for 10 years.
Just because she must have nick
nacks, things that are here today
and gone tomorrow. she has de-
The Waterbury Democrat., 1939-09-08

Attorney j. Gregory Lynch, DEM
ocrat, and Frank Varanelli, Rep0b-
lican, appointed TO the board Of al
dermen last night by Mayor Patrick
NJ, Perriello, viii attend their first
aldermanic meeting Monday night,
Mr.. Lynch, who Is q member OF
the Democratic state central COM
mittee and who Is associated with
the J. Francis Smith faction In local
Democratic politics, succeeds
Thomas p. Kelly.
Mr.. Varanelli, prominent In
italian Republican ranks, succeeds to
the post vacated by Mr.. Perriello
when he advanced to the mayoralty
following the resignation Of Mayor
Frank Hayes.
The appointments leave the
boards party representation as II
was, eight Republicans and seven
Democrats,
Mayor Perriello yesterday after
noon announced receipt Of the resig-
nation of Mr.. Kelly as executive Sec
rotary to the mayor, The position
which carried a salary of 5000 a
year, will be left vacant for the re-
mainder of the year.
A ruling has been asked Of Corp
Grafton Counsel Vincent Scully on
the status of Alderman Charles p,
Sciullo, who on Saturday was ap-
pointed to the police and fire boards
by Mayor Hayes,
Attorney Lynch issued the follow
ing statement this morning follow
ing announcement Of his appoints
ment:
~ deeply appreciate the honor
conferred upon me by Mayor Per-
riello. I recognize fully the re-
sponsibilities of the office to which
I have been appointed. 1t Is my in
tention to support all practical pro-
The Waterbury Democrat., 1939-09-08

prived Pete of a home and love
and children"
Marian's unreliable temper Jared
I hope you're not aiming at me
over Carma's shoulder"
I'VE have, a home, haven't we?
And love-haven't WEI"
Marian darted q glance at his
strong, good-looking profile. Sar-
casm again. What had come over
Dan? Had he decided to strike
back? Normally she would have
tossed her head and laughed at
the idea Of Dan striking back. He
was In no position to make terms,
But she did not toss her head, she
was far from laughing. Almost
timidly, she touched his arm.
'Dan-would you be glad If we
had baby?"
Lord, no." he exploded. "The
por little tad would have a type
writer for a mother and a spine-
less dud for a father. Well just
spare the coming generation that. :"
Marian's hands closed into two
tight fists.
tie Be COntinued)