davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-08-12
Stock Averages
BY VICTOR EUBANK.
soclated Press Financial Writer.

NEW YORK, Aug. 12-The stock
market had plenty of rallying fuel
today, but buying ignition failed to
catch until the final part Of the
brief session when selected issues
were given quiet push for gains of
fractiins to point or so.
The list pointed selectively up-
ward at the start, then backed
away While minus signs were to
be seen here and there at the close
advances predominated in virtually
all departments.
Attendance in boardrooms was
believed around the smallest of the
year to date. Transfers for the two
hours approximated 25O,OOO shares.
Commitments at Minimum.
Those traders who put in an ap-
pearance found business news to
their liking, but most held commit
ments at minimum. The principal
explanation for the early Indifference
was the inclination to keep the spec
ulatlve slate fairly clean pending
outcome of the Italian German con-
1erences now under way. AS one
broker put it. customers were still
foreign minded" almost to the ex-
cluslon Of domestic happenings.
Suspension of the international
banking firm of Mendelssohn & Co.
at Amsterdam. blamed for yester-
days late selling, was believed to
have faded as market factor. At
least commission houses reported
little or no offerings from The
Netherlands. European markets were
closed. with Paris shut down until
next Wednesday for the Assumption
holidays
Steels steadied after early hesi-
fancy as mill operations at Pitts
burgh were expected to mount 80
points to $50 per cent of capacity, a
new peak since October, 1887. It was
also predicted the Chicago district
would hit new high for the year.
Some Propping Sentiments.
Propplng sentiment were bright
enlng prospects for the automobile
makers, broadening merchandising
demand and forecasts of a further
upturn in electrical goods sales.
Supported at the finish were
United States Steel, Bethlehem Steel,
youngstown Sheet, Chrysler, Loft.
Montgomery Ward, American Tele-
phone, Brooklyn Union, Du Pont,
Pennsylvania, Continental Can, Ana
conda. Kennecott. Westinghouse,
Phelps Dodge, Goodyear, Union Car
blde, Santa Fe, Great Northern and
Sears-Roebuck.
Consolidated Gas & Electric of
Baltimore ran up or so in the curb
on small turnover. Others higher
included Lockheed and Gulf Oil.
Evening star., 1939-08-12
Brazil Nu|Iifies
Germans ADVANTAGE
In Nation S Markets
Compensation Mark Will
FIuctuote in Future;
U. 5. Business Aided
By the Associated Press.

RIO DE JANEIRO. Aug l2.-
German banks operating in Brazil
were notified yesterday by the Bank
of Brazil, the nations federal bank.
that, effective at once, the rate of
exchange of the compensation
mark will fuctuate instead of re-
naming fixed,
CThe compensation mark is a type
of German currency backed by Ger
man exported goods. used for barter
with foreign countries. GERMANY
has. been trading large quantities of
manufactured articles to Brazil in
exchange for coffee and few other
products. The compensation marks
are paid by Germany to the Bank
of Brazil which, in turn. converts
them into the Brazilian currency.
mllreis, for payment to Brazilian eX-
porters.
United States diplomatic sources
said the Brazilian order, in effect,
ties the compensation mark to the
United States dollar in Brazil and
eliminates the trading advantage
which Germany has had here since
other currencieS were admitted TO
free exchange dealings April 10.
A reliable source outlined the
situation as follows:
Between April 10 and yesterday
the selling and buying rates of the
compensation mark had remained
stationary at 81 milreis and 565
mllreis, respectively.
On April 10 the dollar was quoted
at 1T milreis for sight drafts in
the free market, while yesterday the
dollar quotation was 1892 milreis.
Thus, while the milreis and the
compensation mark held at the same
level, the milreis had deprecated in
terms of the dollar. e., Brazilian
importers, with their currency, could
not buy as much United States
products, priced in dollars.
Now, however, as the milrels
weakens or improves in terms of
the dollar it also will weaken or
improve in terms of the compen-
sation mark.
Therefore, said the authority. Ger
many has lost the advantage which
it had by knowing in advance the
exact value of the compensation
mark in Brazil.
Evening star., 1939-08-12
Building Loan Firms
Are Brought Under
Social Security
Federal Tax Extended
To D. c. Companies
By Amendments

Building and loan associations of
the District of Columbia will be
brought under the Social Security
Act amendments signed yesterday
by President Roosevelt, 1t developed
today.
These associations have been pay
ing the 8 per cent unemployment
insurance tax to the District of Co.
lunbia because of the local tax,
but they have not been paying the
Federal social security tax. At first
1t was believed that only those banks
which had been heretofore exempted
from the act would be brought in
by the new amendments. But it
became clear today that the build
ing and loan associations also will
come under its jurisdiction. There
are % building and loan associations
In the city and % banks.
Many official regulations will have
to be issued on the basis of the act
and many decisions will have to be
reached on important questions re-
garding administration of the
amendments. Bankers today were
awaiting some further official word
before planning to set up their ma
chinery for paying the new taxes
which are to be levied.
Counsel for bankers, building and
loan associations, the District Gov
ernment and administrators for the
Federal Government were making
a further careful study of the So
cial security amendments in order
to clear up many important points.
Employers and District officials,
who had attempted in Congress to
have the rate of the local unem-
ployment levy reduced in adjust
ment with needs here, are paving
special attention to a provision in
an amendment which allows States
to reduce taxes for unemployment
compensation after they have had
three years experience with their
individual systems.
Difference of opinion exists over
the proposal to reduce the District
unemployment tax Legislation in
troduced in the last session of Con-
gress which would divorce the Dis
trict setup from the national social
security organization died in the
closing days of the last session.
William Montgomery. president of
the Acacia Mutual Life Insurance
Co., is visiting the company's Pa
ciflc Coast branches and mortgage
loan correspondence Offices. His
itinerary, following the Sun Valley,
Idaho, convention for Acacia quail
ity producers, which he conducted,
includes Los Angeles, San Francisco
Oakland, Portland and Seattle. He
will visit the Minneapolis and Chi
cago branches on his way back to
Washington.
Evening star., 1939-08-12
Canadian Wheat Stocks
Total 95,013,476 Blu.


OTTAWA, Ontario, Aug. 12.-
Total stocks of wheat in Canada at
July 81 amounted to 95,O13,476
bushels. the Dominion Bureau of
Statistics reportes.
This represents an increase of
II ,460 ,248 bushels from last years
carryover. Revised figures for the
latter were 23,553,238 bushels.
Carryover on July 81, the end of
the crop year, was the largest since
1886, when the total was 1O8.094,-
277 bushels.
Farm stocks of wheat in Canada
were estimated at 1862 900 bushels,
of which 2,805 900 were in the prairie
provinces. This years carryover on
farms was $4,000 bushels smaller
than that in 1898.
Evening star., 1939-08-12
Sewer Pipe Makers
Are Cited byF. &c.
In Monopoly Case
Commission Alleges
Association Was Formed
To Fix Prices
By the Associated Press.

~ Vic faSooSihltu fTeSS.
The Federal Trade Commission
announced yesterday 1t had filed a
monopoly complaint against a num-
Der of Southern sewer pipe manu-.
facturers, alleging that they contin-
ued cooperative price fixing activ-
lties started under an N. r. A. code,
The complaint, which they must
answer within 20 days, charges that
Tor five years they have agreed
among themselves on prices and
conditions of sale, including quota
tlonS made on delivered base only.
with freight equalized from various
shipping points to make prices iden-
tlcal at any destination.
They also are alleged to have ex-
changed information as to prices
they intended to quote in bidding
on Federal State and municipal
projects and to have agreed upon
higher prices for delivery by truck
rather than by rail to discourage
truck delivery and prevent reduc-
tions below the level of identical
delivered prices calculated on a rail
freight basis.
The complaint names the South
ern Vltrified Pipe Association, an
unincorporated trade group with
offices in Cincinnati; its officers and
directors separately and as repre-
sentatives of w. S. Dickey Clay Man.
ufacturing Co. of Kansas City, Mo-,
which has producing plants in Ala
bama, Tennessee and other States,
and the following members of the
association:
Lee Clay Products Co. of Clear
field. KY; Pomona Terra Gotta Co.
OF Pomona. N. c.; Pine Hall Brick &
Pipe Co. OF Winston-S Salem. N. c.;
Columbia Clay Co. of Columbia,
S. c.: Georgia Vitrif1ed Brick & Clay
Co. of Augusta, Ga; Oconee Clay
Products Co. of Milledgeville, Ga:
Cannelton Sewer Pipe Co. of Camel
ton, Ind; OWensboro Sewer Pipe Co.
OF Owensboro, KY, and P. Bannon
Pipe Co. of Louisville, KY.
Evening star., 1939-08-12
Chicago Produce

CHICAGO. Aug 12 tP,.-Butter 804. .55s;
% Omitted states pegs pepartment ara0' Of Aericul-
ture. POTATOES. 104: on track 100; total
United States shipments, .262; weak sup
plies moderate demand fair, sacked: per
cent or better U. s. No. l. few sales; un-
washed, 1.05-10; showing dirty 95-1 90;
washed. 1.1712-25: Oregon Bliss Triumphs
U. S. No. l. under ice, 1.70-75; Oregon
long whites O. S. No. /. under ice S5-
97!a; Idaho Russet Burbanks, U. S. No.. /.
under ice, 1.75-85: Idaho Bliss Triumphs,
ing spotted sacks 1.55; Washington long
whites. q: S. No. l. under initial ice. car,
1.75; California long whites, U. s. No. l..
under ice, car 1.90 Wisconsin Cobblers,
car generally good quality 1.1O; Indiana
Bliss Triumphs, U. s. No. /. 1.3O-35.
Evening star., 1939-08-12
Prolonged Hot Weather
Damages Canada Crops
Special Dispatch to The Star

MONTREAL, Aug. 12.-"Proloneed
hot, dry weather has caused fur
ther damage to crops in the Cana
dian prairie provinces, but light to
heavy rains which have fallen in
the last few days will be beneficial
to late-sown grains and pastures"
the Bank of Montreal states in it's
current crop report. Crop condi-
tons remain fairly satisfactory over
most OF Western and Northern Sas-
katcheWan and in the central and
northern portions of Alberta and
Manitoba, although reports indicate
that yields will show wide variation
In other areas severe damage has
occurred, causing sharp reduction
in the yield and quality of the grain,
Wheat cutting is well advanced in
Manitoba. In Saskatchewan and
Alberta harvesting has commences
IN some districts, but will not be
general for about two weeks"
In Quebec the outlook for the
crops generally continue favorable
Warm weather with heavy rains
mas prevailed during the last week
and in some sections storms nave
caused damage to grain and corn
and yields will be affected. In
Ontario continued warm weather
and rains have been beneficial tn
field crops and prospects generally
remain encouraging. An average
crop of good quality fall wheat has
been threshed. Cutting of spring
grains is well advanced in mosf
sections, with yields slightly below
average, owing to shortage of mois-
ture last month"
I'm the maritime provinces good
growing conditions have prevailed
during the last week and crops gen.
orally are progressing satisfactorily
In some sections, principally in Nova
Scotia and Prince Edward Island,
rain is now needed. In British Co.
lumbia crop conditions generally
continue satisfactory, but, with
continued warm weather during the
last week, rain is needed in areas
without irrigation water"
Evening star., 1939-08-12
Steel |ngot
Output Is Slated
ToR Reach Peak
BY the Associated Press

NEW YORK, Aug. 12.-Dow Jones
& Co, in dispatch from Pittsburgh
today, reported that steel ingot pro-
duction in that district beginning
Monday was scheduled at 552 per
cent of capacity, the highest rate
since September, 1887.
A total of 26 out of so blast fur
naces in the district are at work, the
dispatch said.
Evening star., 1939-08-12
New York CLEARING House

NEW YORK, Aug. IL (P.-The
weekly statement of the New York
Clearing House yesterday showed:
Total surplus and undivided pro-
fits unchanged at $916,981 200.
Total net demand deposits (aver-
age) increased $29 100000.
Time deposits (average) increased
$4,231 900.
Clearings, week ending yesterday
$2,410,650
Clearings, week ending August 4,
$3,627 ,54O.275.
Evening star., 1939-08-12
Foreign Markets

LIVERPOOL Aug. IL 1P,.-Wheat fu-
lures lost "a to "a penny a bushel today.
Selling was based on the reaction in
North American markets Friday and in
creased pressure of Argentine wheat for
early shipment.
Reports that rains in American cotton
growing areas had improved crop prospects
attracted selling Of futures. which ended
2 to points down.
London. Paris closed
Evening star., 1939-08-12

The Commerce Department re-
ported net shipments of hosiery in
June increased to -8,639 1865 dozen
pairs from 7,435 ,068 dozen pairs In
the like month a year ago.
Evening star., 1939-08-12

Quotations furnished by Investment
Bankers Conference, Inc, which states
they do not necessarily reflect actual trans
actions or flrm bids or offers. but should
otherwise indicated, are as quoted by the
sponsors or issuers
sAsterisk indicates, Not quoted by spon-
sors or issuers."
Evening star., 1939-08-12
New York Metals

NEW YORK, Aug ~ P.-Copper
steady; electrolytic spot 1880: export,
1885. Other metals nominally ur-
changed.
Evening star., 1939-08-12

Also extra or extras
Quotations furnished by Investment
Bankers Conference, Inc which states they
DO not necessarily reflect actual transac
indicate approximate prices.
Evening star., 1939-08-12
Dividends Announced

NEW YORK. Aug. 12.-Prepared by
Fitch Publishing Co.
Pc Stk of Pay
Rate. riod. record. able
rdacassa Mines -----2kc - S-31 els
Evening star., 1939-08-12
Regular.
London Gold and Silver

LONDON Aug. 12 tP.-Bar gold 14ss
6lad; UNCHANGED. Equivalent, S34770 |
Bar silver. 171sd; UP IL. Equivalent.
S6.07 cents.)
Evening star., 1939-08-12

Liquefied gas is being used for
motor fuel in Russia.
Evening star., 1939-08-12
Trade Reports at a Glance

NEW YORK Aug 12Tabod review business reported by
Dun Bradstreet Inc in the wholesale
obong retail trade manufacturing industry
Evening star., 1939-08-12

ou1eS OF otocKs on the NJ r Stock EXchon9e.
1900 AM 10000 1900 Noon 260 600
sUn1t of trading 10 shares
Bankruptcy Act by such companies
rates dividend the
ments based the last
noted special
xo Elk olV16end rights Also
last year Payable this
year Cash stock. Accumulated dividends paid
Evening star., 1939-08-12
Chicago Stock Market

CHICAGO. Aug. 12 1P-Followine is
the complete list of transactions on the
Chicago Stock Exchanse today:
Evening star., 1939-08-12

WW-With warrants. xw-Without war
rantS NEW. st fstp)-Stamped
sNegotiability impaired by maturity.
Evening star., 1939-08-12
United States Treasury Position

By the Associated Press.
The position of the Treasury August 10 compared wi
Evening star., 1939-08-12
Insurance Stocks

NEW YORK Aug 10 LP.-Investment
Bankers Conference, Inc:
Evening star., 1939-03-25
Opening Game Ticket Part
Of Pickpocket's Loot

A ticket for the Washington Ma
tionals' opening game, a set of golf
clubs belonging to a German EN-
bassy official and an Irish setter
named Michael O'Shea were among
stolen property sought by police to-
day.
The baseball ticket was taken.
along with approximately $40, by a
pickpocket from Vivian M. Claggett,
29l9 Seventh street NE, while he
was riding on street car last night.
Gail McCreary, sos Nineteenth
street NV, also was victimized by
a street car pickpocket. He lost a.
The golf clubs were reported
stolen from Vice Admiral Robert
WhitthoeftE Emden's apartment at
240O Sixteenth street NV. He Is a
naval attache at the German EN-
bassy. The clubs are valued at $50.
A man, woman and small child
were seen taking the Irish setter
from the front yard of Charles A.
Norris, 1850 Ord street NE. They
left with the dog in an automobile
parked nearby, police were told. Mr..
Norris said Mickey" is valued at
$50.
Evening star., 1939-03-25
Dr.. SteeImun Chooses
Lamb of God as Topic

At the II a m. service in Petworth
M. E. Church DR.. Frank Steelman
will have for his subject THE Lamb
of God" The theme at 8 pm. will
be found in the picture Christ
Weeping Over the City," which will
be shown on the screen.
The intermediate League at $50
pm. will conduct a discussion on
the life of DR.. Grenfell. At 6:45
pm. the Senior League will have a
panel discussion on Youth Faces
the Cross" The Rev. Dan L. Ennis,
pastor of Trinity Church, will ad-
dress the Lenten service on Thurs
day. Members of the church will
attend the Baltimore branch of the
w. F. M. S. at its session in WALL
brook Church, Baltimore, Thursday.
Final contracts have been issued
for furnishings and fixtures for the
new religious educational building
and the congregation looks forward
to its dedicatory services on April %.
Evening star., 1939-03-25
Two Chinese Girl Flyers
Face Busy Day Here

Two Chinese girl flyers, who are
touring the United States to raise
funds for refugees in their home
land. faced . busy day here today
The girls arrived In Washington
yesterday aboard their own ship.
They are Hilda Yen, daughter Of
the Chinese minister of health, and
Lee Yaching, daughter of q Chinese
government engineer.
They were received at the Chinese
Embassy upon their arrival and were
later guests of honor at 4 dinner
given by local Chinese.
They were to visit friends here
today and later were scheduled to
attend q luncheon in their honor
A broadcast was scheduled during
the afternoon, followed by a dinner
party.
Tonight, the girls will address 4
meeting at the Almas Temple, 1915
K street NV, under auspices of the
Washington Committee for the Aid
Of China. This meeting will feature
a forum on repeal Of the neutrality
law.
The girls are scheduled to leave
Washington next week for Boston.
Subsequently, they will visit other
cities In this country by plane.
Evening star., 1939-03-25
Epworth N. {. Church
Faces Busy Week

The Rev. Dr. Clifton X. Ray, pas
tor of Epworth NJ. E. Church South.
will preach tomorrow morning on
Triumphant Personalities" and at
8 pm. on "A Midnight Conversion"
The Wesley fellowship and the
young peoples department will meet
at 7 pm. Mrs. Mildred Payne will
have charge of the Wesley fellow
ship.
DR.. Ray will baptize babies on
Palm Sunday morning at the be-
ginning of the service and also re-
ceive into church membership chill
dren of the junior and interme-
diate departments.
The Wesley fellowship and the
young peoples department will be
hosts to the Glee Club of the Ran
dolph Macon College next Saturday
evening.
Evening star., 1939-03-25
Autopsy in Death
Following Robbery

The coroner's office was to per-
form an autopsy today on George
Markham, "A, found dead of IL
Illuminating gas late yesterday in
the kitchen of his apartment, 1914
Fourteenth street NV. after telling
his wife he was robbed of $50 the
previous night.
Mrs. Eileen Markham found the
door of the apartment locked from
the inside when she returned home
from a shopping trip and, after
forcing the latch, discovered her
husband slumped over the gas stove,
one Jet of which was open.
Efforts of the rescue squad to
revive him were futile. Mrs. Mark
ham told police her husband had
been Respondent since he reported
losing $50 to group of colored
men who attacked and robbed him
Thursday night. The robbery was
not reported to police.
Evening star., 1939-03-25
DR.. Smith Will Preach
At Briqhtwood Park

At Brightwood Park M. E. Church
tomorrow morning the Rev. DR..
Chesteen Smith will be the guest
preacher for the Woman's Foreign
Missionary Society. His theme will
be Paying Dividends for Spiritual
Investments" Miss Valaria F. Mar
tin will conduct the childrens train
ing class for Easter membership.
At pm. the young people will
60 to Woodside, Nd, to participate
in the dedication to youth service
conducted by the Woodside Metho-
dist Church. At pm. q Lenten
vesper service of music will be pre-
sented. The Rev. S. Carroll Coale will
participate in this service. There
will be no sermon in the evening.
A meeting of the Sunday School
Board will be held Tuesday evening.
DR.. G. Ellis Williams, district super
intendent, will preside over the
Fourth Quarterly Conference We'd
nesday evening.
Evening star., 1939-03-25
Canon Brudner to ToIk
At Rock Creek Parish

Rock Creek Parish, st. Paul's
Church is continuing with its series
Of Lenten guest speakers. Canon
William M. Bradner will give a short
talk to the church school on Mis-
sions" then speak to the Bible class
on Sacrifice Contrast the Old Tes-
lament with the New and preach
at II am. on 'Redeeming the Time. !"
The Rev. James Valiant, rector
Of Epiphany Church at Forestville,
Nd, will be the guest speaker We'd
nesday night.
The Junior Bible Glass is having
. bake sale today from IL to 3 O'Clock
In the parish house.
The Rev. DR.. Bohanan is con-
Quoting every Sunday class of
boys and girls for confirmation and
on Thursday nights for adults. On
Sunday evenings he lectures on the
history, doctrine and worship of the
church.
Evening star., 1939-03-25
Anocostio School to Play
Musical Classics for PUPILS
The Stars Recordings
Will Be Presented
At Recess

Joining the constantly growing list
OF public schools which are using
the symphonic recordings offered
in The Stars music appreciation
campaign, the Anacostia Junior.
Senior High School today is work.
ing out details of a plan that will
make it possible for all of its more
than $500 students to hear and
enjoy the great musical classics
every school day.
This school already is making
use of recordings In its musical
instruction, but John Paul Collins,
principal of the institution. has
authorized purchase of the record
ings being made available by The
Star for the special purpose of
playing them for his students dur
ing the lunch hour
Mr.. Collins explained his plan in
this way:
I'VE have three lunch periods of
As minutes each, and during the
last 20 minutes of each period the
students are given an opportunity
to see a motion picture on some
educational subject in the audi
torium. Our idea will be to play one
of the recorded symphonies, or part
of it, as we show a film for each
group of students. I believe that
in this way the students will sort
of absorb the music unconsciously.
Hearing the great musical classics
over and over again will increase
their appreciation of the better
types of music.
What I like most about The
Stars music appreciation movement
is the fact that it will make lots
of people realize there's something
else in the world of music besides
swing bands,' added Mr.. Collins.
The Star is doing wonderful
job in promoting a wider apprecia-
ton of really fine music, and l
think the campaign will be of par
ticular benefit to the younger peo-
pie, students in grade and high
schools and colleges"
Mr.. Collins reported that Vladi-
mir Vasa music instructor at the
Anacostia school. is equally en-
thusastic about The Stars musical
offer. He said Mr.. Vasa had played
the records, "and he says they're
excellent"
Mr. Vasa. a musician himself,
directs the school band and orches-
ira. as well as the cadet band. He
is adding the records offered by
The Star to his own library Of re-
cordings.