davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-05-21
Stock Market Climbs
Fractions 10 81 on
Broad Front
Motors, SteeIs, Rubbers
Assume Leadership;
Volume Improves
BY FREDERICK. GARDNER,
Associa ted Press Financial Writer.

NEW YORK, May 20.-Stocks
were given another moderate up
ward push today and activity was
slightly better than in recent slug
gish Saturdays.
Motors, steels and rubbers led
the list in an extension of yester-
days recovery gesture, with gains
of fractions to more than a point
fairly we'll distributed at the close.
The Associated Press average of
go issues was up 4 of a point at
45.3. but on the week this COM
posite showed net loss of S. The
days turnover amounted to 193,-
280 shares, which was the best for
any two-hour session since April
Is. Volume for the week. though,
was one of the smallest since June
a year ago, aggregating only about
2,500,000 shares.
Many traders remained away
from boardrooms because of the
balmy summer weather and the
belief nothing much interesting
would happen in the brief pro-
ceedings. Those who attended
moved carefully in view of the
Presidents speech next Monday be-
fore the American Retail Fedora
ton.
Tax Hopes Persist.
The market was aided by a few
bright spots in the business news,
continued hopes OF some form of
tax revision by the present Con-
gress and the conviction of financial
observers that European war dan
gers are lessening daily.
Support came in for steels on
the theory this group may have
been oversold. Notwithstanding price
cutting threats to earnings. Re-
ports of better-t than looked for
sales and production of automo-
biles bolstered the motors. while
outlook for expanding tire replace
ments gave rubber stocks a lift.
Some comfort was derived from
the Federal Reserve Board figures
for last week disclosing a Jump in
department store sales of % per
cent over the comparable period
year ago.
Among closing share gamers were
United States Steel. Bethlehem.
Chrysler, General Motors, United
States Rubber common and pre-
ferred, Goodyear, American Tele-
phone, Santa Fe. American Smelt-
ing, Kennecott. ]. l. Case, Interna-
tional Harvester. Air Reduction, Du
Pont, Philip Morris and Douglas
Aircraft.
Edge Higher on Curb.
In the curb small gains were post
ed by Electric Bond e. Share, Fisk
Rubber, Humble Oil and Lockheed.
American Cyanamid "B" shaded
lower. Turnover of $1,000 shares
was the smallest for any Saturday
since June 18 last year and COM
pared with $4,000 a week ago.
On the home range stocks ex-
perienced a series of ups and downs
during the week. Small gains were
registered Monday following the
mildly conciliatory Mussolini speech.
The market had its worst day Tues
day with the average dropping III
points. The setback was attributed
to selling by tired holders and little
more gloom over tax revision pros
poets. After a lower drift Wednes-
day. there was an attempted come
back although price slashing in the
steel industry hit shares in this
category. Both United States Steel
preferred and common were knocked
down to lowest levels of the year
before reviving. The better tone
continued through Friday.
Evening star., 1939-05-21
Cos Appliance Group
To Hold Convention
Special Dispatch to The Star.

~'>>SAsA AAoHoeSA w He otdf.
NEW YORK, May 2o.-Leaders
IN government, banking, industry
and the retail merchandising field
will discuss current trends and
problems before the annual con-
vention of the Association of Gas
Appliance and Equipment Manu-
facturers, which will hold sessions
at the Roosevelt Hotel and the New
York Fair from Wednesday through
Friday this coming week.
H. Styles Bridges, United States
Senator from New Hampshire will
speak on government trends on
Thursday morning. George v. Nc
Laughlin, president of the BROOKLYN
Trust Co., of Brooklyn, N. Y, will
discuss taxation and its effect on
industry, at the same session.
E. r. Guyer, of Chicago, president
of the Association, will deliver his
address Wednesday. The Gas Ap-
pliance Manufacturer and His Mar
ket" will be the subject on which
Saul Cohn. president of the Ma
tional Retail Dry Goods Association
will speak Friday.
Evening star., 1939-05-21
Slight Gain Forecast
In Demand for Oil
Next Month
Mines Bureau Estimate
Is Z Per Cent Above
Mark for May
BY the Associated Press.

The Bureau of Mines yesterday
estimated a June market demand
for domestic crude oil at 3,491 900
barrels daily.
This was $500 barrels, or per
cent, more than the May estimate
and per cent more than the actual
demand in June, 1885,
The bureau estimated runs to
stills at 3,317,700 daily or 1873 400
barrels more than the actual daily
average for June, 1898.
officials said domestic demand
for motor fuel probably would be
5060O,000 barrels, or per cent more
than actually taken in June, 1898.
They estimated a June supply of
54,900,000 barrels.
Motor fuel exports, they forecast,
would reach 100000 barrels, about
the same as actual export last June.
The bureau estimated a decrease of
6,400,000 barrels during June in
stocks of finished and unfinished
gasoline. 1t estimated crude oil ex-
ports at 100000 barrels, or 1924
600 less than last June.
Estimated daily average crude oil
demand by States.
Evening star., 1939-05-21
Truffic-SuIes Chief
Named for T. W. A.
BY the Associated Press.

BY the Associated Press.
KANSAS CITY, May 20.-Vincent
P. Conroy of Salt Lake City yester-
day was elected vice president Of
Transcontinental and Western Air,
Inc, in charge of It's traffic sales.
He has been general traffic man.
ager of T. w. A.
Five directors resigned from the
company of a reorganization meet
ing here. They are John Hertz, ST.;
John Hertz, jr.; Harold Talbot, John
Ritchie and Marco Hellman, all of
New York City. The designations
followed sale recently of stock held
by Lehman Bros. to group headed
by Jack Frye, T. w. A. president,
and Paul Richter, executive vice
president. The transfer gave the
airline management control of the
company.
T. w. A. has applied to make Gin
cinnati the twenty fourth city on its
coast-to-coast airline.
Evening star., 1939-05-21
Dividend Meetings

NEW YORK. May 20 lspeciaD Among
the important companies p which win hold
Corp, Commercial credit CO; Of Bait,
meetings Of compa nies definitely scheduled
is reported by the Fitch Investors Service
&C i'''' Monday. May 20.
Ex-Cell-O Corp (com.D 90 a.m.).
Gannett Co., Inc, tpfd.D % p.mO.
National Bond g. Investment Co. (pfd.
"A d COM g p.m).
United-Carr Fastener Corp. tcomo Il
Waldorf System. Inc, (com) Il pm).
Tuesday, May 90.
American Safety Razor Corp. (com)
Commonwealth g. Southern Corp. (pfd).
Reminston m RANK Inc. 1ufd. d conn.,
Es,i ESSsrpId f1S,oS Co ~, Seemo On (1fd g p.mo,
United Carbon Co. !coml q pml:
Yale e. Towne Mfg. Co. (como q p.m).
Wednesday. May "a.
American Bank Note Co. tpfd. q CONF
American Power T. Light Co. tpfdo.
IInserssllRsnd InssTsst;dna1 ssi C.. y .pfdo loon
Lone Star Cement Corp 1comD 70 a.mJ.
Thursday, May 25.
, ,American-Hawaiian 8. s. Co. tcom)
(2:30 p.m).
American Home Products Corp. (com. }
U9:30 ann
Anaconda Copper Mining Co. (com
11:30 AMI
Carpenter Steel Co. (com) "a p.m)
Commercial Credit Co. OF Baltimore
(pfd. Z, conn., (2 p.mD.
Commercial Investment Trust Corp.
(pfd. & conn., a p.m)
Engineers Public Service Co. (pfd)
G2:30 pm).
General Railway Signal Co. (pfd) q
p.m.l.
Gillette Safety Razor Co. (com. d pfd.)
G0:45 a.mD.
Greene Cananea Copper Co. (com.)
I0:45 a.m0.
Union Pacific R. r. Co. (eom.) I'll
ann.
Friday. May 26
Armour 4 Co. Of Del. .tpfd) (2:30 pm.
General Electric Go, lcom) (e:3Q am; ,
noon). u
Evening star., 1939-05-21
Trading Interest in Metal
Market Turns 10 Lead
By the Associated Press.

bS the Associated Press.
NEW YORK, May 2o.-Trading
interest in non-ferrous metal
markets switched to lead this week
Copper buyers held to the sidelines.
Demand for lead. which has been
maintained at good clip in recent
weeks, forced producers to dig
heavily into reserve stocks. The
price, however, apparently influ-
enced by narrow movements in
the London market, remained at
4.75 cents a pound.
Copper in the export market
slid below the 10-cent mark for
the first time in weeks. On Thurs
day sales were made as low as
1925 cents pound, but at the week
end recovered to 998 cents.
Business in domestic COPPER
coasted to an almost complete
standstill. Price levels were un-
changed with all producers and
reflners-excepting Phelps Dodge
at l0l2 cents-holding at 10 cents
Zinc buying slackened although
the st. Louis quotation remained
4.50 cents.
Evening star., 1939-05-21
Outlook for Pork Exports
To Britain Improves
BY the Associated Press.

BY the Associated Press.
Prospects for enlarged exports Of
American pork and hog products to
the United Kingdom this season
were seen yesterday by Agriculture
Department officials In reports Of
a sharp decline in British hog num-
bers.
Oficial British reports showed
that there were per cent fewer
hogs In the isles this spring This
indicated, the reports said. that there
would be a IA per cent reduction In
slaughter supplies.
In 1888 the United States supplied
go per cent Of the hams. 76 per cent
of the lard and about 1e per cent Of
all pork products imported into the
United Kingdom. In 1887 the share
was only 10 per cent, rejecting a
shortage Of exportable supplies in
this country.
Evening star., 1939-05-21
Socony-Vacuum Oil Calls
S5o,oOO,O0O Debentures
,y the Associated Press

By the Associated Press.
NEW YORK, May 20. Socony-
Vacuum Oil Co. today called for re-
demption on July 81 at 1922 it's $50
100000 of 312 per cent debentures
due in 1850.
The company would not comment
on what provisions had been made
to secure the funds for redeeming
the obligations, but there were re-
ports in Wall Street that arrange
ments had been made privately with
institutional investors to supply the
money.
The company recently stated it
was giving consideration to plans
calling for an extensive revamping
of its Indebtedness, including a re-
duction in interest rates on loans
secured from insurance companies.
Evening star., 1939-05-21
'CommodityPrice
Chongesin Week
BY the Associated Press.

BY the Associated Press.
NEW YORK, May 20.-Commod-
tiles for immediate delivery shaded
lower as a group this week despite
the fact that wheat, rye. cotton and
silk climbed to new highs for the
year or longer.
The Associated Press index of IS
weighted spot wholesale staple
prices, with 1925 as 100, dipped to
1854 in the first decline in FIVE
weeks. The latest index figure COM
pared with 1884 in the preceding
week and 7015 year ago.
Buoying wheat were reports of un-
favorable growing conditions in both
the winter and spring grain belts.
Rye rose with wheat, but corn and
oats were lower.
Supplies Inadequate.
Inadequate market supplies of
certain desirable grades of cotton
contributed to price strength of that
fiber.
A number of basic industrial raw
materials we're the weakest spot in
the commodity picture. Lower were
steel scrap, turpentine, lumber, bur-
lap and tin. Coal, however was
more expensive. Scarcity of btu
minous was reported at some points
as result of the long mine STOP
page during labor wage contract ne
gotiations.
Silk advanced to new eight-year
highs in the textile division. Market
supplies of the filament were re-
ported still smaller. due to slower
Japanese production.
Hogs and Lambs Down.
In livestock, hogs and lambs at
Chicago tilted downward.
Among market basket items, eggs
and coffee advanced, while cocoa,
lard and butter declined.
The Associated Press index. with
its components, compared as follows:
Evening star., 1939-05-21
Boston Fund Reveals
Gain in Net Worth
Special Dispatch to The Star.

NEW YORK, May 20.-Boston
Fund, Inc. reports net worth of $4,-
055 ,655 as Of April 80. 1889, amount
ing to 1882 per share on 300, 1908
shares outstanding on that date.
This compares with net worth of
$1,339,5 on the same date year
ago, equal to $1304 a share on 1922
722 shares then outstanding.
During the quarter ended April 30,
1899, the number of shares out
standing increased by 2S,623, al
though net asset value per share de-
creased from the figure Of $15.67 re-
ported for January 81, 1899.
Evening star., 1939-05-21
BY the Associated Press.

BY the Associated Press.
American farmers received a cash
income of $3.50 900, 900 from sale of
products and Government benefit
payments in April, the Agriculture
estimated yesterday.
This brought the total farm in
come for the first four months of the
year to s2240, 900 900, compared with
50 ,227 100000 in the like period last
year.
Evening star., 1939-05-21
Rock Island Certificate
Issue Is Authorized
Nv rho Associoted proes

BY the Associated Press.
The Interstate Commerce Com
mission authorized the Chicago,
Rock Island e. Pacific Railway yes
terday to issue $4,50O,OO0 of trus-
tees certificates to be sold at par
and accrued interest. Proceeds of
the issue will be used to pay an
equal amount of outstanding GER
tificates falling due June /.
Evening star., 1939-05-21
United Shoe Machinery
Net Below Year Aqo
BY the Associated Press.

NEW YORK, May 20.-United
Shoe Machinery Corp. today report
ed net income for the fiscal year
ended February % of $9,477,1 7,129,
equal, after preferred dividend, to
$3.95 share on common stock, COM
pared with $10,146,152, or $424 q
common share, in the preceding fis-
cal year. The company's main plant
Is In Boston.
Evening star., 1939-05-21
Realty Transfers Totol
$902, ,470 in Virginia

By the Associated Press.
NORFOLK, Va, May 20.-Real
estate transfer totals for the week
were reported today by the Virginia
Real Estate Board as follows:
Norfolk, 79 transfers, $4,000:
Arlington, 50 transfers, $210,275:
Richmond, lot transfers, $329, 100:
Alexandria, 13 transfers, $162, ,715:
Roanoke, SO transfers, $128. 1875;
Danville, 4 transfers, $63,055. The
State total was 800 transfers, agsre-
eating $oO2, ,470..
Evening star., 1939-05-21
Higher Net Reported
By Standard 6. & (.
ry tie Associated Press.

Ey ire ASSOCIHCeu FIeBS.
NEW YORK, May 20.-Standard
Gas G Electric Co. and subsidiaries,
exclusive of Deep Rock Oil Corp,
Pittsburgh Railways, Pittsburgh Mo-
tor Coach Co. and Beaver Valley
Traction Co., reported today for
three months ended March 81 con-
solidated net income Of $1,623, ,798,
compared with $773,775 In the COM
parable period 3 ypar ago.
Imperial Valley press., 1939-02-27
MARKET QUOTATIONS
NEW YORK STOCKS

NEW YORK, Feb. 2T. CUP =
Stocks failed TO develop a definite
trend today and fluctuated around
previous closing levels in slow trad
Bonds, however. set UP again
ranging to 2 points. Commodities
generally were better, although the
major grains had losses ranging
0 almost a cent. Cotton firmed.
News appeared to favor the stock
market, but extension of last
weeks late forward movement was
restricted by rumofs that had wide
circulation in Wall Street. One
report said that views expressed
by Secretary of Commerce Hopkins
In his Des Moines speech Friday
were his own and therefore did not
indicate a switch in the New Deals
attitude toward business.
Another rumor was that a promi-
nent Wall Street house had discoy-
cred a $4,000 emb bezZlement by an
employe The emblezzlement. IL was
said, would have little effect on
me house involved, but further re-
strictions by government author
tiles were feared.
Traders ignored a rise in steel
operations to new high for the
year. The list also gave no re-
sponse to supreme court rulings
gainst the national labor relations
ooard About the only good news
hat found market reflection COM
5rised January earnings reports Of
he railroads. Most of them were
n line with optimistic expectations.
food demand came into the carrier
roup on the reports
Imperial Valley press., 1939-02-27
Ortiz to Top
First Pro Ring
Card Friday

Professional boxing will return
TO Ell Centre Friday night with
Manuel Ortiz, valley boxer who
won the national amateur fly
weight championship, scheduled
to appear in the ten round main
event against Bobby Wright of
Oakland.
Ortiz, who has experienced
both success and failure since
entering the pro ranks, is start
ing a comeback which he hopes
will land him among the ma
tion's tOp-notchers.
Manuel is clever fighter and
has the reputation of putting on
a good show, win or lose.
Other bouts on the card:
Johnny Jackson VS.. Carlos
Garcia (6 rounds, Archie Grant
VS.. Tommy Andurs; Miller FOn-
SEGA VS.. Doll Nelson; Marty
Comes VS.. Jack Shue.
Imperial Valley press., 1939-02-27
Foxx Hits High
In Banquet Loop

HOT SPRINGS, Ark, Feb. 27
(UP) - James Emory Foxx, the
chubby checked first baseman of
the Boston Red Sox who won the
American leagues most valuable
player award last season and be-
came the first player to take it
three times, is claiming another
title these days-the championship
of the Winter Banquet league.
81 attended SO banquets last VIM
ter" said FoxX, who is here taking
the baths preparatory to reporting
to the Red Sox camp at Sarasota,
land I believe that's a new record
I was practically living in my
tuxedo / turned down about 100
invitations because it wasn't hu-
manly possible to go to any more.
AS it was I was trooping up and
down the east coast from Mary
land to Massachusetts like a one
night vaudeville act"
Imperial Valley press., 1939-02-27
Picard Tops
Money Winners
In Golf Circuit

THOMASVILLE, Ca, Feb. 81.
(UP)-There is another $4,000
tournament at st. Petersburg, Fla.
This weekend, and the money golf
RS are praying that Henry Picare
oools off.
The mechanical swinger from
Hershey, Pa, followed the winter
circuit to California and half way
lack before he warmed up. He hi
#'ite heat t. win the $4,000 toy
H"ize in the New Orleans open las
y eek and was under full steam a
NJ took the Thomasville open yes
,erday.
Picard was five strokes under
aar TIE 81 holes. carding a threo
nder SO on the last round for q
211 total good fer first prize of S700
in the $4,000 event. He had to be
olenty hot because Johnny Bulla
the big Chicago youngster. making
his first winter swing, was four
under regular figures with a 212
and second money of $3.50.
Imperial Valley press., 1939-02-27
Poor Weather
Cuts Golf Meet
Qualifying List
BULLETIN

The privilege of re-qualifying
was extended Monday to the 49
golfers who qualified Sunday for
the Imperial Valley golf cham
piOnship.
Poor weather conditions cut down
the field of early qualiiiers Sunday
in the annual Imperial Valley golf
championship over the Barbara
Worth country club course. Forty
n1ne scores were recorded. Most OF
the scores were from five to ten
strokes above their usual games.
Tom Crosbie's 70 was low for the
day followed by Red Barnard and
Bob Rayburn with 8o's.
Other scores: Chuck Smith, 101,
Warren Moritz, 98, Jim Carson, 1872,
L. M. Moore, LOT, Vic Nordquist,
81. j. Johnson, 105, Walter Casey,
1O9,. John Tyler, 102, Ed M. .Uhl g,
124, c. l.. Smith, 93, Al G. Smith,
108, Bill Apple, 98, Red Hensler,
"a. c.. Simmons. S. Eldridge, 1l3,
Red Edwards, 80, E. B. Mason,
Forrest Manley. 80, Gordon Schnei-
der 1O3, Pancho Valdez, 104, Louis
Alvarez, Ill, Howard Eaal, 109,
Mike Plasquez, l08 N. c. Smith,
90. Wade Ramsey 88, Ross Hickox,
Id, R. D. McPherrin, 81. John
Kepley, 90, Ray Edwards, 90, Jim
stone, 8S. Fred Miller, 1O5. L. D.
House, Ill, Jack Benson, 1O6, M.
NJ. Disney. LOT, Walter Wakefield,
l28 w H. Dewitt 1O6 A. G. Yaeck1
Il, 90, Cal Rector, 118, George
Morris, los, Ben Ryan. 81, DR..
Parker, "a Won Azhderian, 81, Pen
Carter, 80, John Gillarde, 81.
Qualifying will continue Monday,
Tuesday and Wednesday, followed
by the Calcutta at the clubhouse
Wednesday night. Match play
starts Thursday and continues
through Sunday.
Imperial Valley press., 1939-02-27
Biscuit Chances
For Mark DwindIe

NEW YORK, Feb. 81. CUP)-Sun
Beau, greatest money winning thor
oughbred of all time, can rest easy
on his throne at Willie Sharp Kill
mer's stud farm for another year
if Seabiscuit fails to make come
back, a United Press survey showed
today.
Outside of the Biscuit, who came
within s35,864 of equalling Sun
Beau's $376,744 mark before a leg
injury forced him out of the rich
Santa Anita handicap next Satur-
day, only two horses stand a chance
to surpaSs the record, and it is
highly unlikely that either of them
will.
This pair are Samuel D. Riddles
War Admiral, and H. Maxwell How
ards Stagehand,. both entered for
the $4,000 added Widener Challenge
cup at Hialeah Saturday.
Imperial Valley press., 1939-02-27
By HENRY McLEMORE

ABOARD S. S. LURLINE, San
Francisco Bound, Feb. 81. (UP)-
Dots and few Hawaiian notes to
remind me of things that I don't
want TO forget: A Hawaiian sunset
in which nature seems to pull a
gigantic sleight of hand trick :.
One moment the sun, a tremendous
golden ball, seems hung on the hor-
ions edge Then, in the space
of time it takes TO count ten, it
plunges completely out of sight . ..
The new Boeing Clipper coming
out of the early morning mists to
settle down on the sapphire water
of Pearl harbor as lightly as gull
The japanese dinner at the
home of Professor Okazaki where
everything was enchanting, from
the welcome in the fairyland gar
den to the professors goodbye in
front of the Buddha shrine.
will never forget the beauty of the
tea house when the doors were slid
back and we saw the low table,
surrounded by cushions . at each
end Of the table large charcoal
braziers were inset, and huge plat
ters of raw delicacies were waiting
TO be cooked Steaming saki
wine was served in tiny porcelain
cups which sounded delicate bird
notes when you slipped from them
After two hours of leisurely
eating the guests were invited to
enjoy a steaming hot bath in great
wooden boxes where, while stand
ing, the water comes up TO ones
neck This was followed by a
cold plunge, and then another
steaming, and, then another icy
plunge After this we came back
to the. table and ate for another
two hours The incongruity of
the Hawaiian Islands, with their
Imperial Valley press., 1939-02-27

and showed the gallery a sparkling
array of shots in teaming with
Tom Reha, Del Rio club pro, TO
defeat Curley Vesey Of Barbara
Worth and Dick Sprouse of Ell
Centro driving range two and one.
Sprouse was pinch-hitting for Fred
Morrison, Pasadena pro, who was
unable to attend because of an
automobile accident Saturday night
in which he suffered slight injuries
at San Bernardino.
A raging windstorm that slashed
over the course restricted the size
of the gallery and sent scores soar
ing but failed to detract from the
spectacular exhibition. Most of the
thrills came from the tees where
Bell and Sprouse put on a compe-
tition Of sharp shooting that left
the gallery gasping at 300 yard
drives. The smiling young driving
range pro gave Bell a run for his
money by outdriving him on several
holes. Longest tee shot of the day
was on the 376-yard No. 8 when
Bell, with the wind behind him,
smashed his ball to within 25 yards
Of the green.
The lightning fast green's baffled
all four players and accounted for
the high scores. Bell was low with
70. Vesey next with 81 and Reha
and Sprouse both shot 82's.
Bell was on the edge Of No. l
green in a drive and an iron shot
but Clipped too far and missed his
putt for birdie. Vesey won the
hole when ne Clipped up nicely
and dropped his putt. Bells 4 on
No. was good for win to even
the match and No. 3 was halved,
although Bell was forced to play
a spectacular iron shot to the
green. Bells birdie three on No.
put his side one up and that was
the way they stood at the turn.
Holes we're halved on the back
nine until they reached No. IL and
both Vesey and SprouSe took fours
to even the match. Bell and Reha
then won Is and l6 to be dormie.
Bells shot to the green faded off
and he was forced to play a tricky
pitch shot for a four and a half
with Sprouse.
StrangeSt shot of the day came
on No. II where Reha,s second went
into the pond. The ball was floating
on top of cellophane cigarette
wrapper and Reha played it out.