davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-08-08
General Shoe Corp.
Quarter Net Is $216,944
Special Dispatch to The Star.

SpctldI blSpdlGIl 10 4Qe StdEo
NEW YORK, Aug. 8.-General
Shoe Corp. reports for the third
quarter of its fiscal year, the three
months ended July 81, 1899, net
profit, after all charges and taxes,
of $216,944, equivalent, after pre-
ferred dividends, to 33 cents share
on the common stock. This COM
pares with sl08,741 in the cores
ponding quarter of the preceding
fiscal year, equivalent to 2l cents on
the common stock. The 1899 third
quarter per share earnings reflect
the 10000 additional shares of COM
mon stock sold by the company last
February.
Net sales for the quarter were
S4160,075. an increase of SO per cent
over the aggregate of $3,O58,778 re-
ported for the corresponding quarter
year ago.
For the IL months ended July 81
1899, net available for dividends was
S930,045, equivalent, after preferred
dividends, to SLAP a common share,
as compared with $506,747, or 90
, cents common share, in the pre-
ceding IL months. Net sales
amounted during the II months to
s16,040872, as compared with S13,-
246,132.
Evening star., 1939-08-08
Composite Deficit
OF $4,000 Shown
By Steel Producers
Preferred Requirements is
Were Larger Than Net
Income for Six Months
Special Dispatch to The Star.

special Dispatch to The Star.
NEW YORK, Aug. s.-In a study
of the 80 principal steel corpora
tions which have reported earnings
for the six months ended June 80
the Standard Statistics Co. finds
that there was a net composite
deficit Of 1859 900 on the common
shares, after allowance for preferred
dividend requirements. This finding
bears out the recent statement of
Ernest T. Weir, president of the
American Iron e. Steel Institute
and chairman of National Steel,
that widely circulated earnings re-
ports Of the industry gave dis
torted picture in that they took
no cognizance Of preferred require
ments.
The usually accepted met in
come" figures for the steel companies
in the first six months Of 1899 to-
tailed $25 SOB 900 and this compares
most favorably with the composite
deficit of $l4.545, 900 reported for
the similar period Of 1898. However,
this met income is before preferred
dividend requirements dividends
paid or. if not paid, accumulate6
which for the half year total $685.
$4,000. 1t will thus be noted that
allowing for preferred dividends
there was a net deficit of 1869 ,00C
on the common for the first half of
1899. In the first six months OF
1888 the composite deficit on the
common was $40,5l7,0 900.
The plight of the average holder
Of common stocks in the steel IN
dustry was even worse If the reports
of the companies with no preferred
stocks preceding the common are
separated from those companies
having cumulative senior equities.
Fourteen of the SO companies
studied had no preferred stocks.
These companies reported met in
come" Of s4,115000 in the first halt
Of 1888 and met income" of S9,416.-
600 for the six months recently
closed. This excellent composite
showing for the generally poor first
half of 1888 was due almost alto
Evening star., 1939-08-08

gether to the reports of Inland Steel
and National Steel, which together
accounted for IS per cert of the
totals In the case of these IA
corporations, met income" and net
available for common dividends were
identical.
The other % companies, with pre-
ferred issues outstanding in greater
or lesser degree, reported a deficit
Of $l8, $50 900 for the first half or
1898 and met income" Of $16.187 900
for the similar period of 1899. In
both cases allowance must be made
for the similar preferred dividend
requirements of $25,972,0 900, which
would make the deficit on the COM
mon $44 ,632 900 for the 1888 period
and s9,785 900 for the 1889 period.
Evening star., 1939-08-08
General Motors
Orders Dividend
|Of 75Cents
By the Associated Press.

BY the Associated Press.
NEW YORK, Aug. 8.-Directors
OF General Motors Corp. yesterday
declared a dividend Of IS cents a
share on common stock. The COM
pany paid IS cents share in March.
A total of $3.50 share on common
stock was paid in 1888.
Today's dividend is payable Sep
tember IL to holders Of record Au-
gust IT,
Directors also ordered a regular
quarterly dividend of $125 a share
on IS preferred stock, payable No
vember l to stock Of record Octo-
ber 8.
The declaration today brings the
total for the year thus far to s2.25 a
share on the junior stock, an
amount closely paralleling the corpo-
ration's first half earnings Of 1924
share. In the first half Of 1888
earnings were equal to 66 cents a
common share.
In his statement accompanying
second-quarter earnings report, AL
fred P. Sloan, chairman, said June
business showed a slightly better
than seasonally expected movement
of cars.
Evening star., 1939-08-08
u. ). Sales 10 Puerto Rico
Total $75,680,000

Sales of goods to Puerto Rico from
continental United States amounted
to 75,680,00 during the fiscal year
just ended, decline of II per cent
compared with the year before, and
exceeded United States exports to
any country in South or Central
America, according to a statement
by the Puerto Rican Trade Council,
based on United States Department
of Commerce figures.
"The islands purchases of ciga-
rettes and gasoline set new high
records, while shipments of pork
and textiles were greater than a
year ago, but sales of all other major
commodities to the territory de-
clined, as the result of record break
ing unemployment and reduced buy
ing power" the council stated.
Total food shipments, valued at
$2l 300 600, were 18 per cent, lower
than in the preceding year, and the
quantity of the leading food items
was 80,00O,000 pounds less. The
island normally buys more than half
its total food supply from the
States"
Puerto Rico bought 2,70O,OO0 pairs
of leather shoes, more than were
exported to all foreign countries
combined, and purchases were only
3 per cent less than in 1937-38, the
report added. Shipments of wear
ing apparel. valued at $4,370, 900.
were less than per cent below the
record purchases of the preceding
year.
Evening star., 1939-08-08
New York Bank Stocks
Show Slight Advance
Special Dispatch to The Star,

SpeciaI Dlpatcn 70 Inc star.
NEW YORK, Aug. 8.-New York
City bank stocks moved to slightly
higher levels during the past week,
according to records compiled by
Holt, Rose g. Troster, specialists in
bank and insurance stocks. The ag-
gregate market value of l6 leading
issues on August was 81, ,470, ,844 900,
compared with 81 ,464 ,378, 900 at the
close of the previous week, an in
crease of ST, ,466 900, or GA per cent.
The current average yield Of the
16 issues Of 4.39 per cent compares
with yield Of AL per cent on July
%. The current market value equals
los times the known book value
against l04 times a week ago.
Based upon current figures the 16
issues are now quoted at an average
of l73 times their known earnings,
compared with 17.2 times on July %.
Evening star., 1939-08-08
FOREIGN Business Advices

Reports to the Commerce Depart
ment from its foreign representa-
tives include:
China-Expansion Of tanning in
dustry curtails leather imports.
1taly-Railway electrification pro-
crossing.
Philippine Islands-Gold produc-
| ton increases.
Evening star., 1939-08-08
Hercules Motor Corp.
Quarter Net Is SAB 500

BY the Associated Press.
CLEVELAND, Aug. 8.-Hercules
Motor Corp. today reported net prof.
1t for the quarter ended June 80
of $43, 500, equal to IA cents a share
on common stock, compared with
$685. 1922, or cents a share, in the
June quarter last year.
Evening star., 1939-08-08
Bank Loans Decline
After 5 Successive
Weekly Advances
TotoI on August z
Is $685., ,000, 900 for
l0l Leading Cities
By the Associated Press.

BY The Associated Press.
After increasing for five successive
weeks, commercial, industrial and
agricultural loans by Federal Reserve
member banks declined last week.
The weekly condition statement Of
member banks in 101 leading cities
today showed such loans on August
2 at s3.887 900 900, compared with
So ,899 900 900 for the week ending
July 26.
Commercial, industrial and agri-
cultural loans increased $4,000, 900
in New York City, but declined by
the same amount in the Chicago dis
trict.
Evening star., 1939-08-08
Odd-lot Declines

The Securities Commission re-
ported yesterday transactions by
customers with odd-lot dealers or
specialists on the New York Stock
Exchange for August 5: 1899 pur-
chases, involving 34,614 shares; 1904
sales, involving 29,l9l shares, in
cluding 80 short sales, involving
LOTT shares.
Evening star., 1939-08-08
Market Value
|Of Stock List
Advances
By the Associated Press.

NEW YORK, Aug. S.-The New
York Stock Exchange reports that
1884 issues listed in the exchange
on July 81 had market value Of
$40 ,0O7, ,131 ,o7O, par value of $50 2,s1o.-
197,427 and average price per $1,000
bond Of $93150.
A month earlier 1889 issues had
a market value of $48,570, SIS,
par value Of $50, Isl ,311, ,452 and aver
age price Of s92080.
Evening star., 1939-08-08
Portland General Electric

Portland General Electric Co. re-
ported net income for the six months
ended June 80 of $3.50, ,497, compared
with S568,055 in the first half of
1888. The company, controlled by
Portland Electric Power Co., oper-
ates in the Pacific Northwest.
Evening star., 1939-08-08
Lumber Imports Up

Imports of lumber and logs rose
rs per cent and exports dropped 7
per cent during the first half of
1899 as compared with 1898, Com
merce Department figures showed.
Evening star., 1939-08-08
Mid continent Petroleum.

June quarter net profit of Mid
continent Petroleum Corp. was re-
ported at $678,793, equal to So cents
share on the common stock, COM
pared with s574,264, or 81 cents
share, in the corresponding period
last year.
Evening star., 1939-08-08
Best e. Co.

Best e. Co., New York department
store, placed net profit for the six
months ended July 81 at 1884 1896
after depreciation and taxes, COM
pared with s425,6l9 in the same
stretch last year.
Evening star., 1939-08-08
Transcontinental e. Western Air

1ranScOntlnental a. western Air.
Transcontinental g. Western Air,
Inc, reported for the first six months
net loss of s355.867 compared with
net loss of $67l ,051 for the 1898 COM
parative. The first quarter loss was
reduced by net profit in the Sec
ond quarter of $8,974, which COM
pared with net loss of S192 1923 in
the June quarter last year.
Evening star., 1939-08-08
Washington Exchange

SALES.
Washington Gas Light pfd.-1 at
1912, at l07l2.
AFTER CALL.
Riggs Bank com.-8 at 275.
Evening star., 1939-08-08
Consolidated Cigar Co.

CONSOLIDATED. Cigar Co.
Consolidated Cigar Corp. reported
for the six months ended June 30
consolidated net profits of $343, $50,
equal after preferred dividend re-
qulrements to IS cents share on
the common, against s334,864, or 7
cents a share, in the first half Of
1898.
Evening star., 1939-08-08
Coca Cola Reports
Income for Quarter
OF S1,398,194
Consolidated Cigar Corp.
Six Months Earnings
Are $343,36
BY the Associated Press.

BY the Associated Press.
NEW YORK, Aug 8-Coco Cola
international Corp. today reported
for the quarter ended June 80, net
profit of $l,398,194, equal after divid-
dend requirements on class "A" stock
to S6.54 share on the common. This
compares with $l,037, ,367, or $4.59 a
share in the June quarter of last
year.
Evening star., 1939-08-08

Quotations furnished By Investment
Bankers Conference, Inc. which states they
do not necessarily reflect actual transac-
tions or firm bids or offers, but should in
dicate approximate prices. and unless
otherwise indicated. are as quoted by
the SPONSORS or issuers.
sAsterisk indicates. mot quoted By
sponsors or tSSuefe"
Evening star., 1939-08-08
BONDS

MISCELLANEOUS
Chevy Chase Club lst Ava l04
Col Country Club lst 4hs l03..
Ter Ref a. VIII Corp LIST 414s 103M ----
Evening star., 1939-08-08

London brides low wear boat
ers."
Evening star., 1939-08-08
Investing Companies

NEW YORK. Aug = tP.-Invest
Bankers Conference, Inc:
Evening star., 1939-08-08

People of Venezuela are eating
four times as much American cheese
as in 1884.
Evening star., 1939-09-08
.Two-BIock Home Run
Hit by Wright as
Mats Drub As
Tremendous Four-Boser
Matched Only by One
Ruth Made Years Ago
Special Dispatch to The Star.

PHILADELPHIA, Pa, Sept. g.
Last year the Senators finished in
fifth place because they won the
seasons series from the. three clubs
under them. These were the only
seasons series they won.
This year they are finishing in
sixth place because they have con-
sistently beaten the two clubs under
them. They are the seventh place
Athletics and the last place Browns.
Already they have clinched season S
honors with the Browns by winning
l3 games from them.
Yesterday they defeated the Ath-
letics, 10-1, for the eleventh time
this year and need to win only one
more game out of the remaining
five to earn seasons supremacy.
The Senators have little or no
chance to win seasons honors from
any of the clubs ahead, so it can be
stated that Washington finishes in
sixth place because it could shove
around the Athletics and Browns.
OTcdC I1lt Dy wright.
The Senators won their eleventh
triumph over the unconscious Ath-
letics yesterday principally as a re-
suit of Ken Chase's resolute pitching
and q 16-hit attack.
OF these 16 hits that left the bat
one will linger long in the memory
Of Washington players.
In the fourth inning, it looked as
if Babe Ruth came back to life when
barrel-chested Taft Wright stepped
to the plate and bastinadoed the ball
so far that it fell into the second
street from Shibe Park.
Here is what happened. Twentieth
street abuts the rightfield wall at
Shibe Park. Wrights master wallop
cleared the rightf1eld wall high and
dry. 1t also cleared Twentieth
street. On the other side of the
street is a row of dwellings The
ball kept on clearing all obstacles
until 1t fell near the rear end of
the roof and then coyly rolled a few
feet further and fell down into
Opal street.
The flight of the ball was in per-
feet sight of the members of the
press from their lofty perch. They
saw every inch of the long tour.
The ball must have travelled
nearly 500 feet before it hit the roof
of house between Twentieth and
Opal streets. From Twenty-first
street alongside the ball park to
Twentieth street is a very long block
and From Twentieth street to Opal
street the block Is much shorter,
Evening star., 1939-09-08
Two Capital Sailors
Seek Comet Crown
In Oxford Meet
White and Daniel Among
Field Of As Vyine
For u. S. Honors
Special Dispatch to The Star.

Special Dispatch to The Star.
OXFORD, Md, Sept. 8.-With the
firing of gun this afternoon on
Choptank River near here. fleet
Of approximately As little sloops, all
built from the same design. were to
open three-day contest to decide
the national champion of the Comet
Glass Yacht Racing Association.
Representing the champions Of
fleets from many sections of the
country as well as Puerto Rico, the
regatta is the fifth annual title series
for the class.
Edward K. Merrill, white-haired
racer from Riverton, N. j., will de-
fend his title won last year on Lake
Skaneateles, N. Y. Washington, D.
c., will be represented by William
White and Clarke Daniel, the latter
sailing under West River comet fleet
colors White is champion of the
Potomac River fleet.
Sole entry outside of continental
United States is the Puerto Rico II,
sailed by Luis Antonio Santaella of
San Juan.
First race is slated for pm Sec
ond and third heats will be sailed
tomorrow and Sunday. Tired Avon
Yacht Club here and Chesapeake
Bay Yacht Club at Easton are CO.
sponsors of the affair.
Gov. Herbert R. O'Conor of Mary
land was expected to be present to-
morrow night, when a 5th anniver-
sary banquet attended by prominent
figures in yachting will be held at
the nearby Talbot County Country
Club
Evening star., 1939-09-08

!.
should pep up these North Carolina
chub," as some people refer to them,
until they strike with the savage
fury so often associated with these
fish.
Trout Still on Middles.
Mr.. and Mrs. Higdon of Washing
ton, fishing out of St. Jerome's
Creek, Md. found trout striking
plentifully. According to Capt. Brady
Mckay, their guide, 100 were taken,
ranging in weight from l to 3
pounds.
Mckay also said that a scattering
of medium-sized rock are being
taken between Point No Point Light
and the entrance to St. Jerome S
Creek. This veteran skipper looks
tor continued improvement over the
week end.
Schools of rock and trout are
breaking in Herring Bay.
Capt. Johnny Manifold of Herring
Bay reports seeing numerous schools
of these fish off Holland Point and
in Herring Bay. He reports, how
ever, that they seem very reluctant
to strike. The bats which seem
to get the best results, according
to Johnny, are yellow feathers and
Nos. and 2 Huntington Drones.
Evening star., 1939-09-08
Two Records Deserve
To Stoy in Book

For myself, there are two records
IN the book which I hope never will
be rubbed out. One is Ruths home
run record of go for a season and
the other is the mark 1 spoke of at
the beginning of this document, the
great Hack Wilson's runs -batted- in
total of 190
The Hacker deserves a place on
the scroll. If his name is superseded,
kids growing up to follow baseball
never will know there was such a
person as Lewis R. Wilson and that
would be shame. The Hackers S
flame burned briefly, but it burned
brightly. Probably no man in the
games history, save Cobb and Ruth,
was able to raise the crowds emo
ton to such a pitch when he came
to the plate as Wilson, squat, square,
his neck red as fire, frankly hating
the pitcher who made him lunge in
vain, openly exulting when he
caught the ball on the nose.
Hack loved adulation as a boy
loves ice cream. I remember a game
he played for Brooklyn in the dusk
of his career, when the cheers came
rarely and booing-lo man ever was
booed more raucously than WILSON,
filled his ears. Playing against the
Giants, Hack got hold of an outside
pitch and hammered it back into the
right-f1eld stand to put his team
ahead.
Evening star., 1939-09-08
BY WALTER McCALLUM.

Leave 1t to the newspapermen to
do the right thing in honor Of a
fellow of their craft.
A few months back well-beloved
newspaperman, one of the crack
men Of profession full Of good
men, golfer and good one. passed
away. George r. Holmes, chief of
the Washington Bureau of Inter-
national News Service, a good golf
er, despite limited time, was loved
by every one who knew him; loved
for his ability to make friends, his
decision, the accuracy of his work,
and above all, because he had that
something that marks a man.
Coming up on September % will
be the eighth annual National Press
Club golf tournament. What could
be more fitting than that the men
who knew and worked with George
Holmes should put up and play for
in the Press Club tourney a cup in
his honor? So for the first time,
on September %. members of the
Press Club will play for the George
r. Holmes Memorial Trophy, a sill
yer cup donated by friends of the
late newspaperman.
The Holmes Trophy takes the
place of the Presidents Cup, won
permanently last year by John E.
Mcclure. The main prize will go to
the man with the best gross score
In the tournament at Indian Spring,
and the fellow with the second low
est gross will gain a leg on the
American Automobile Association
Cup.
Lots of Prizes.
But, in addition to these prizes,
as usual, the Press Club will put up
a flock Of cups, mugs, demijohns
and other receptacles. They have
them on display in the club lobby,
from gallon size down. The Press
Club boys couldn't have made a
nicer gesture than they have made
in honoring George Holmes.
His third straight Washington
public links championship was all
due, like a ripe apple, to fall today
in the ample lap of Andy Oliveri, the
unemployed youngster who has
proven himself just about tops in
municipal golf around town. Andy
played Julian Murphy, young Mary
land University student, in what
was scheduled to be a 36-hole final
today. at East Potomac Park.
Smooth-stroking Andy has proven
himself so often the best that VIC
tory for Murphy would not only be
an upset. 1t would be a calamity,
for the boys have gone down hook,
line and wallet on the chubby for
mer Roosevelt High School golf cap
tain. And there is reason for it.
Andy has played a brand of golf
throughout the tournament that
Oliveri looked a champion yester-
Evening star., 1939-09-08
Applause AIwoys Sweet
To Wilson's Eors

The Brooklyn rooters roared their
applause as Mr.. Wilson galloped
slowly out to his position in left
field at the end of the inning. The
music was so sweet to Hack that he
trotted all the way back to the
bench again, changed his glove os-
tentatiously, and then ambled back
to the outheld, the cheers following
him every step of the way on all
three trips. The fans knew what
the Hacker was up to, but they gave
him his three-way ovation anyway,
with the same pleasure grown-ups
feel when they watch kids empty
their stockings at Christmas.
OF course, there is a page in his
tory which would keep Mr.. Wilson S
memory warm even If he hadn't
driven in 100 runs in 1880. There
was the time, in the World Series
of 1929, when he lost the fly ball
which gave the Philadelphia Ath-
letics a 10-run inning and the cham
pionship. That was Hacks blackest
day.
He never could field. Happily, he
won't be remembered exclusively for
a boner, like the unfortunate Fred
Merkle. The following year Hack 5
bat still was on fire and he carved
out record that the greatest slug
gers of the last 10 years have chal-
lenged in vain. I hope he keeps it.
Evening star., 1939-09-08
but to hit a ball two streets away
from park is genuine achieve
mont

but to hit a ball two streets away
from a park is a genuine achieve
ment.
Big Day for Taft.
Only George Herman Ruth ever
performed this feat before He did
this in his prime while hitting
against Eddie Rommel, who was
umpiring at third base yesterday.
Wright, a new power in slugging,
must get every credit for his mas
todonic hit, which he belted off
Lester McCrabb, a rookie right
handler, who had just rejoined the
Athletics after being optioned to
Williamsport for the season.
In addition to his Ruthian smash,
Wright also clubbed three tidy
singles to give him a total of four
blows. Ken Chase was so good that
he held the AS to five hits to estab-
lish his tenth win of the year. He
was never in danger and only New
some's single and Tiptons double
kept the resident band from being
shut out.
Chase also helped with the stick,
He had single and a double to
bat in three runs.
The Senators end their visit here
this afternoon when they hope to
make it three straight.
Evening star., 1939-09-08

Capt. Letcher Martin of Townsend,
Va, reports channel. bass striking
off Fishermans Island and the beach
at Cape Charles with a fair regu-
larity. Letcher also reports a few
fair-sized trout and some bonita.
Fan Run at Wachapreague.
A. H. G. Mears reports the fall
run for channel bass just starting
at Wachapreague. Mears says the
last three weeks in September and
the first two weeks in October should
see some of the best fishing of the
season.
Fishing conditions are i'm
proving generally throughout
bay.
Every indication points to better
fishing between now and cold
weather. So grease up that tackle
and go get EN-" They're yours
for the taking.