davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-12-15
oil Refining Dispute
Involving Millions
Nearly Settled
Suits Over Cracking
Methods Probably
Will Be Quoshed
By the Associated Press.

DETROIT, Dec. 15.-Settlement
of prolonged and intricate dispute
over patent rights and royalties on
an oil refining process said to in
volve millions of dollars in present
or prospective values was reported
virtually completed last night.
A. L. Wallace, vice president of
Chemical Research Corp, disclosed
that full settlement was expected
by January 81 in a fight over a gaso-
line-cracking method claimed by the
Gyro Process Co., a subsidiary of the
corporation.
One case, involving the Pure Oil
Co. and the so-called Standard Oil
Patent Club, has been heard in
Wayne County Circuit Court for 18
months. Four others are pending in
the same court and a fifth in Fed
eral Court. All probably will be dis
missed upon the formal settlement
Mr.. Wallace said.
Patents to the process, known as
the "vapor-phase cracking process, ~
have been estimated to be worth ST.
100000 to S1000O,0O0. Together
with estimated royalties, the figure
has scared to $30,00O,OO0.
Mr.. Wallace said that corporation
directors, acting under authority
from stockholders, had accepted a
proposed settlement in a suit against
Pure Oil Co. and various members
OF the Patent Club. The Patent
Club was described as an organiza-
ton holding several patents in use
by various Standard Oil companies
Along with certain new contract
setups, the Gyro company will be
paid $508000 cash by the Patent
Club and Pure Oil and the Patent
Club will cancel approximately
$l73000 of Gyro debts, Mr.. Wallace
said. Licensing rights also are es-
tablished, he said.
Mr.. Wallace said the settlement
would permit resumption of negotia-
tions for several large contracts, in
cluding one with the japanese gov
ernment. Engineers from Japan
are now in Detroit, he said.
Evening star., 1939-12-15
Chicago Livestock

CHICAGO. Dec Is Up UNITED States
Department Of Agriculturel .--Salable hogs,
11.OOO: total $1,000; weights below 220
pounds steady to 10 lower than Thursday S
average; weighty butchers and sows 1918
lower: bulk good and choice 160-220
pounds, 5.25-45: top. $50; most 230-210
pounds. 49O-520; few 290-350 pounds.
4.10S5: few light sows around $50: bulk
400-45o pounds, 4.20-35; 500 pounds up.
largely .00-l5
Salable cattle. 1000: salable calves, 300:
very dull market only choice yearlings in
reliable demand; strictly choice offerings,
1l25. two loads scaling 1850 pounds at
that price; very few weiPhty steers shown;
most offerings with weight taken off mar
ket: several loads offered but buyers not
much interested; BIDDING around 9.15 for
good to choice 1.150-pound averages: few
loads 1,350-pound average good grade
steers without bids: medium to good l.2O0
pounds bid S.25: all weiehty kinds 50-75
lower for week; instances 81 low: few loads
medium to good yearlings, S.0O-9.0O: no
led kinds selling slowly at B.75-75O: fully
IS lower for week: canner and cutter cows
fairly active at S5 down: beef cows very
duh at 5.25-6.OO no heavy SAUSAGE bulls
mere: nomlnally steady; heavy fat bulls
weak at 6.65 down; vealers, 1000 down;
few, 1880.
-. saiable sheep, 10000; total 1o.5oo; late
THURSDAY, fat lambs weak to Is lower; top
e.l0: few loads. 800: bulk fed westerns
S:15-9o: natives. s60-s5; yearlings, 725-
go: native ewes. 3.25-4.25: few. $50: to-
lover; lover good and choice wooled lambs
to small killers: sheep steady: native ewes,
S.T5-425
Evening star., 1939-12-15
Business Leaders
Want Real Reform,
Carey Declares
Chamber Of Commerce
Head Hits Methods
Of New Deal
By the Associated Press.

BY the Associated Press.
BOSTON, Dec. IS. Declaring
that business management welcomes
real reform, properly timed, which
Is not so burdensome as to be dis
astrous to our peoples future" w
Gibson Carey, jr.. president of the
United States Chamber of Com.
merce, today urged that the Gov
ernment refrain from measures so
drastic as to undermine the dy-
manic quality of our economic
system"
Although not mentioning the New
Deal by name, Mr.. Carey commend
ed some Of its objectives, and at the
same time criticized some of its
methods.
In an address prepared for New
England members of the national
chamber, meeting in conjunction
with quarterly conference of the
New England Association of Com
mercial Executives, Mr.. Carey pre-
dicted capital ultimately, with the
lifting of excessive burdens" would
find its way into productive enter
prise in a spiralling volume which
can we'll bring real prosperity
Too Rapid Changes.
There are countless examples, -
he said, "of the dislocation and dis
aster of too rapid changes in the
habits and relationships of our so-
ciety. If such alterations can be
achieved at a moderate pace and
in accord with the opinion of the
more enlightened and productive
citizens, great progress may be
made"
Mr.. Carey said it was his belief
business management favored social
security, old age pensions, unem-
ployment insurance, some mod
crate law" regulating security ex-
changes, downward revision of tar
ifs, aid for farmers and adequate
relief" An attempt to stimulate
housing and loans to certain indus
tries and banks" also was accepted,
he said, but added:
"The trouble has come with the
injection of political objectives in
some cases, with the building of
class consciousness in others, with
excessive costs, with unnecessary
degrees of control and with the
strange bedfellows which our pre-
cipitate action have placed side by
side with true reforms.
Rate of Productivity.
What about a vast plan by
Government to fix monopoly on our
system?" he asked. What about
Government competition? What
about Government controlling hours
of work? What about Government
setting up board to effect certain
unioniZa ton conditions?
"All these things management has
opposed"
Declaring the public is slowly de
Gliding that in order to improve or
sustain our standards of living, we
Evening star., 1939-12-15

must induce a rate of productivity
which will demand the employment
OF our full adult population and
that this can be gotten only by
obtaining an adequate flow of risk
capital" Mr.. Carey said, ito a
greater and greater degree, the dan
gers of unsound fiscal policies are
f1ltering through the public cons
ciousness."
In view of this trend, he added.
he was optimistic that excessive
burdens" would be withdrawn, that
we shall maintain our Republic.
with its checks and balances, with
its protection of minorities, with its
free speech and with its religious
liberty"
Business men were urged by
Ralph Bradford, secretary of the
United States Chamber of Com
merce, to build and strengthen their
organizations to meet the "chal-
'enge' OF preserving this country's
heritage Of freedom" and of pro-
tecting it "at peace, as perhaps the
last great refuge of freedom in a
world enslaved."
He said the Chamber of Com
merce stood firm for a program for
business under the traditional
American SYSTEM" with its prin-
ciples including removal of undue
and unnecessary restraints by gov
ernment upon enterprise, the end
OF government competition with its
own people, the removal of restric-
tions that distort the relations of
employer and employe, the end of
annual deficits, economy in govern
ment, and a consistent Federal reve-
nue. system"
Evening star., 1939-12-15
Insurance Executive
Urges Economies
In Government
Points to Huge Stoke
In Federal Securities,
Sees Danger
COLLARS
~ HLAM
BY the Associated Press.

BY the Associated Press
NEW YORK, Dec. 15-Frederick
W. Hubbell, president of Equitable
Life Insurance Co. of Iowa, pre-
dicted today that by the end of the
year, life insurance investments in
United States Government bonds
will aggregate s4,9O8, 100000, or
nearly II per cent of the total direct
debt of the Federal Government.
In a speech prepared for delivery
before the Association of Life In
surance Presidents, he said: These
bonds at the present time represent
the premier credit of the entire
world, but all of us cannot help but
view with increasing alarm the
steady piling up of deficit by the
Government with no indication of
its abatement.
"As trustees for our policyholders,
making up so per cent of the peo-
pie of this country. we should bend
our efforts to see that proper steps
are taken to avoid ultimate disaster
and to reduce waste and extrava-
gance in Government, to remove the
many useless obstacles to business
expansion and to proceed speedily
to balanced budget"
Hubbell said bonds, both cor
porate and governmental, and a
small amount of stocks now ag-
gregate s15,513,0O0 900 or 57.9 per
cent of the insurance companies
total investments.
j. Reuben Clark, jr., former
United States Ambassador to Mex
leo and first counselor in the first
presidency of the Church of Jesus
Christ of Latter Day Saints, Salt
Lake City, Utah, said that insurance
company officials have the duty to
call upon policyholders to exert their
influence against Government ex-
travagance."
Pollcyholders do not want to be
kept lin ignorance of where they
are being lead" Clark declared, urg-
ing plain language" and scrutiny
OF the securities of IAN overborrow-
ing state Not to do so would be
to laid and abet extravaganza" he
said. He said assigning social secur-
lty revenues to general Treasury
funds was defective and dishon-
est" and that Communists by the
hundred" were said to be planted
in the Government"
Evening star., 1939-12-15
Test Contracts
For Gas Masks
Are Placed
B. the Associated Press.

6S tHe ASSOCldleu DIeSS.
Two "educational' orders to train
manufacturers to make gas masks
were given today.
A $326,329 contract was awarded
the Firestone Tire & Rubber Co.,
Akron, Ohio, and a $347,714 contract
went to johnson & Johnson, New
Brunswick, N. j.
In addition to the gas mask con-
tracts Louis Johnson, Assistant Sec
retary of War, announced education
al orders totalling Sl3,33l for air
craft parachute flares had been
given to the Kilgore Manufacturing
Co., Tipp, Ohio. The National Fire
works, Inc, West Hanover, Mass,
received a S13,43l contract for the
same work.
Evening star., 1939-12-15
| Melville Shoe
Holders Back
| Merger Plan
BY the Associated Press.

NEW YORK. Dec. 15.-Melville
Shoe Corp. stockholders at a spe-
cial meeting today approved the
plan of reorganization whereby
Melville Shoe and j. F. McElwain
Co. will be consolidated. The Nc
Elwain Co. will continue to manu-
facture shoes at its plants at
Nashua, Manchester and Newport,
N. H., and the Melville Co. will con-
tinue distribution and retail sales
Of the McElwain product.
Melville will issue 100000 shares
OF new $5 preferred, $1O0 par, stock
and 100000 shares of new ST par
common. Under the classification
provided by the plan the currently
outstanding 99.992 shares of 6 per
cent SIS par Melville preferred will
be changed into l1-2O0 shares of
the new preferred. Each share of
the presently outstanding Melville
no-par common will be changed
into two shares of new common
and lilo share of new preferred.
Evening star., 1939-12-15
Dry Goods Market

terday's break in raw cotton prices, buyers
stayed away from the Worth Street gray
goods market today, to await Developments.
sold at steady prices but aggregate busi-
ness was limited
A fair demand for rayon lining cloths
sustained business in rayon fabrics
Hosiery dealers in the silk market were
concerned about the advance of raw SIX
prices to new high levels. Full fashioned
hosiery business was reported as not COM
ing up to expectations and holiday sales
were Disappointing
Woolen goods markets continued in the
year-end lull that set in last week.
Evening star., 1939-12-15
Irregularities Charged
In Kentucky Utility
BY the Associated Press.

by the Associated Press.
BOWLING GREEN, KY. Dec. IS
"A Securities and Exchange Com
mission hearing on charges of irreg-
ularlties in the administration of
the Kentucky-Te Light &
Power Co., which has its home Office
here, went into its second day today.
Involved in the hearing, said
Robert S. Keebler of the S. E. c.,
are charges that there had been:
Rebates on coal purchases, use of
company workers and materials in
Improvement of private property of
company officials, misappropria ton
OF company funds and receipt of
split commissions in the company's
acquisition of utility properties.
Trial Examiner Richard Town
send and Keebler earlier in the
week took testimony in Nashville.
Tenn, on charge Henry Fitch of
Bowling Green, former chairman of
directors of Kentucky-Te Tennessee,
and his brother Roland, former
manager of the utility, had taken
rebates from the Nashville Coal Co.
The utility is subsidiary of the
Associated Gas g. Electric Co.
Evening star., 1939-12-15
Railroad Revenues
Show Large Gain
Over Year Ago
November Operating
TotuI Advances to
$301, ,908, All
By the Associated Press

By the Associated Press
The Association of American Rail
roads reported today that 80 class l
railroads had estimated operating
revenues of 1901 ,908,42 in Novem-
ber, compared with 1858, ,142,760 in
November, 1888. and 1925 5,299, ,256 in
the same month of 1890.
The 80 reporting railroads, the as
sociation said, represent 1928 per
cent of total operating revenues of
all class l railroads
Operating revenues in November,
1899, 14.7 per cent above Novem-
ber, 1888, but 72 per cent below No
vember, 1880.
Freight revenues of the report
ing railroads amounted to $685.
585, ,768 in November, compared with
$215 ,554 1923 in November 1898, and
$2540 036,126 in November, 1880.
Passenger revenues totalled s25,-
020,990 in November, compared with
S25,941, OFT in November, 1888, and
SAL ,451 $40 in November, 1880.
Evening star., 1939-12-15
Chicuqo Produce

CHICAGO, Dec Is tP.-Butter, 714,-
O24: steady: creamery. 30 score, 2794; 90
centralized carlots. 2s-2sA; other prices
unchanged. EGGS. 5,794: steady; prices un-
changed.
Poultry, live. 40 trucks; easy: ducks, AZ
pounds up, colored. II: white. IL; geese.
over IL pounds. 12: IL pounds and down.
14la: capons. z pounds up, II: under
pounds, IS: other prices unchanged.
Potatoes. 70: on track. 27O; total q. s.
ern best about steady; ordinary quality
slightly, weaker: supplies rather liberal;
ausset SeT so
few sales. 1.80-s5: Nebraska Bliss Tri-
umphs: 50 to So per cent U. s. No: !. un-
hr SuFIap sacks 5o e0ISS North a' Dakota Red
River Valley section Cobblers, rs to SIS per
cent q. s. No. /, 1.10-22h; mostly IL 15-
20; unclassified. COL 90 Bliss Triumphs,
Evening star., 1939-12-15
Merchandise Exports
Reduced Sharply
After Jump
Hopkins Reports Drop
To S2S7, 900, 900 in
November
BY the Associated Press.

BY the Associated Press.
United States merchandise ex.
ports dropped sharply in November
the third month of the European
war, after having risen unexpectedly
the first two months of the conflict
Secretary of Commerce Hopkins
announced today that shipments OF
American goods to foreign countries
totaled s287 100000 last month
compared with 1923 ,l68,O0 in Octo.
ber.
Effectiveness of the British block
ade was demonstrated by the fact
that Germany. which took $l2,210,-
900 worth of American goods in No.
vember, 1888, got only $4,000 worth
last month.
Only preliminary estimates OF
what happened in November trade
are available so far, but Secretary
Hopkins said that, on a commodity
basis, the loss was caused by cur
tailed exports of cotton, grain ano
tobacco. On a geographical basis
he said, it resulted from smaller
purchases by England, Canada and
the Scandinavian countries. No fig
ures are available yet on November
imports.
Gains Are Offset.
OF vry1,j "a
welt administration hopes will make
up any trade losses in Europe
bought more last month, but not
enough to overcome the declines
elsewhere. Argentina, Brazil, Chile
Colombia, Venezuela, Cuba, Mexico
and the Netherland West Indies
bought $52 900 in November
compared with s50,654 900. in Octo-
ber, and an average of s35 1926, ,00C
a month in the first eight months
of the year.
The United Kingdom, which re-
Gently indicated it would cut down
on such items as American fruit
while it buys American airplanes
dropped its total purchases here last
month to $3l ,026, 900, compared with
S5l 95l 900 in October. France
s13,187,000 November purchases in
the United States were about
s8o0,000 more than in October.
Compared with October, Novem-
Der purchases were somewhat
higher for Belgium, the Netherlands
Russia, Rumania, Spain and Japan
Lower totals were turned in by Den
mark, Finland, Norway, Sweden
Italy, Canada, Australia, Philippine
Islands and South Africa.
Canada Curbs Trade.
Canada, the United States best
customer next to England, curtailed
November purchases to S49,018,00C
from an October total of $50 ,573 900
Cotton exports-on which the
Agricultural Department recently
reduced export subsidies-declined
from s46.73l 900 in October to $780,
$4,000 in November. Corn ship
ments fell from SO ,222 900 to s787 900,
fruits from sl0,839, 900 to s3,445 900,
wheat and flour from $3,6O4 900 to
S3,0780 900, and tobacco from S4928,-
600 to S3,874,000.
Other classes of products did not
change much. Among manufac-
tured items. for instance, slightly
larger November shipments of air
planes, automobiles, tires. copper
and iron and steel were offset by
decreases of chemicals, tractors,
machinery and other metals.
Export of airplanes to belligernts
became legal again in November,
but apparently not many planes
were ready for shipment, because
the total value of planes, motors
and parts exported was only $780,
UoU.
Evening star., 1939-12-15
New York Produce

NEW YORK. Dec. Is 4'-Eags, 1o.so4:
firm: mixed colors. fancy to extra fancy,
23st t-25A: standards, 22i2-23l4: firsts,
2oi2: seconds 16'4-1sEa; mediums. 16l4 !:
dirties, No. l. 1914; average checks, 1874;
refrigerator, fancy and heavy weights,
16a4-20: standards. 1914: flrsts. 15s4: sec
onds l4A-aa; mediums, IA; dirties, 144
Whites--Resale of premium marks. 2sl2-
RI nearby and Midwestern, premium
marks, "6l2-2S: exchange specials. 20: ex-
change standards. 25: resale of EXCHANGE to
fancy nearby heavier mediums, l934 4-2314 ::
nearby and Midwestern, exchange mediums,
lS,l9A; pnllets u 81 "a: refrigerator.. nearby
ern. standards, 17-17I7: frsts. 16-ieIa.
Browns-Nearhy. fancy to extra fancy,
25l2-26l2: nearby and Midwestern. ex-
change specials, %: exchange standards,
"a; exchange mediums. 10: pulets, 1872.
Duck eggs; 27-30.
higher than extra. 3Oa-31A: extra COG
score), 30A: frsts lss-9D, 27h-29a4 sec
onds tS4-S7). 25-27
Cheese 1o1,0s6; steady: prices un-
changed.
Evening star., 1939-12-15

Auto Production
| Scars to 17,805
limits in Week
BY the Associated Press.


DETROIT, Dec. 15.-The motor
industry's assembly plants turned
out lit ,805 cars and trucks this week,
Wards Automotive Reports said to-
day. The showing compares with
115,488 units last week and 102 2905
this week year ago.
The survey said there would be
little change in production volume
next week, but that the final week
OF December would show a decline
due to the loss of one working day.
1t added that the outlook for sus-
tanned volume during January was
considered excellent"
Evening star., 1939-12-15
Industrial Controls
Extended in Spain
BY the Associated Press

BY the Associated Press.
MADRID, Dec. 15-The Spanish
government decreed today that
permits must be obtained from the
ministry of commerce to launch new
industries and to extend or move
those in existence.
In addition, the cabinet was en-
powered to appropriate land for in
dustries of national interest" 1t
was stipulated that three-fourths Of
the capital of new industries must
be Spanish and the executive anc
technical personnel entirely Spanish.
Evening star., 1939-12-15
Boston Wool Market

BOSTON. Dec Is lP u. S. Department
Of Agriculture) The wool market in
Boston was very slow today. Buyers and
sellers were showing a waiting attitude.
pending receipt of information REGARDING
prices at which American buyers will be
able to secure woods in Australia. Rumors
trade, to expect this information during
the day. Meanwhile. quotations on do
| mestic woods were unchanged compared
with sales earlier in the week
Evening star., 1939-12-15
Washington Exchange

SALES.
Capital Traction 1st 5s-S1, 900 at
98l4. $1,000 at 98A. $1,000 at
9814.
Capital Traction lst 5s-S1,5O at
$685..
Mergenthaler Llnotype-4O at Is.
Evening star., 1939-12-15
Paris Exchonqe Rutes

PARIS. Dec. Is CP.-The United States
dollar held at so francs 2s3 cents to
the france in foreign exchange trading to-
day. and COMPARED with franc at 2232
cents IN New York overnight. Exchange
In the Bourse 3 per cent rentes were
1920 francs; 41as "a" $3.50: 4las 1887,
212.10.
Evening star., 1939-12-15

Also extra or extras.
Quotations furnished by National Asso-
citation of Securities Dealers Inc. which
states they do not necessarily reflect actual
should indicate approximate prices.
Evening star., 1939-12-15
odd-Lot Dealings

The Securities Commission reported to-
day these transactions by customers with
York Stock Exchange > for December IA:
4,267 purchases Involving 121,O7S shares:
4,374 sales involving 109,636 shares. in
shares,
Evening star., 1939-12-15

Many need help at Christmas.
Share your merry celebration most
effectively by sending a cash contri-
button to The Stars Christmas
Heart Fund. Some one will thank
YOU,
Evening star., 1939-12-15

Quotations furnished by National AsSo-
citation Of Securities Dealers. Inc which
states they Go not necessaril yreflect actual
transactions or firm bids or offers but
should indicate approximate prices. and
unless otherwise indicated. are as quoted
by the sponsors or issuers.
'Asterisk indicates Not quoted by spon-
sors or insurers
Evening star., 1939-12-15
London Bar Silver

LONDON. Dec. Is P-Bar silver.
23'.d UNCHANGED. Equivalent, AZ SO cents
on the dollar basis 81 .03) Bar gold 1855,
UNCHANGED. Equivalent. S33.s5)
Evening star., 1939-12-15

Money goes long way when you
send it to The Stars Christmas
Heart Fund You'll spread the sea-
sons gladness to some one needing
help.
Evening star., 1939-12-15
Investing Companies

NEW YORK, Dec. - utH.-Na tional As
soclallon Securities Dealers. Inc.
tNoon quotations.
Evening star., 1939-12-15
Dividends Announced

NEW YORK. Dec. 15.-Divdends de-
clared. Prepared by Fitch Publishing Co.:
Evening star., 1939-12-15
MISCELLANEOUS

Chevy Chase Club 1st 4i4s 1O4l7 1854
Col Country Club 1st 4l4s 1O3
Ter Ref g. VIII Corp lst 4hs 100
Evening star., 1939-12-15
Federal Lund Banks

NEW YORK. Dec Is uP.-Federal Land
Rank honds.
Evening star., 1939-12-15
Insurance Stocks

NEW YORK, Dec Is LP.-National
Association of Securities Dealers Inc:
Evening star., 1939-12-15
U. S. Treasury Notes
Approx.
LSked. Yield.

NEW YORK Dec Is R.-Prices quoted
in dollars and thirty-secondS:
Evening star., 1939-12-15
BONDS

PUBLIC UTILITY.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-04-11
LETTER-OUT


learn take them
Answer Yesterdays Leter-Out.
Letter-Out
CANDIE-LANCE Ito CUT.
Cd LUSTIER-RESULT (the answer.
(X) AXMEN-NAME you're called by it,
Cd LYCIM-CLAY make pottery of it,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-04-11
Edgar Rice Burrouqhs
Trademark applied
For q. 8. Patent Once
BY Mormon Marsh

perty, lip, as fast as he could 70.
Anxiously he peeped over the bank.
The very first thing he saw was
a black head moving through the
water on the other side and behind
1t funny black tail moving back
and forth very fast. r,
"Oh, Jerry. Bowser didn't kill
you, did hep" cried Peter. ~
DO I look as If he did," re-
torted Jerry. F.
Then Jerry laughed right out,
1or Peter was doing a funny uttle
aance OF Joy and relief on the.
bank.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-04-11

Bowser and Peter was just thinking
that it was about time for him to
start for the dear Old Brier Patch,
all in the dream, you know, when
his eyes flew open and there he was
Under the friendly bramble bush, al
ready there in the dear Old Brier
Patch.
Peter grinned. ut was only a
dream" thought he. Right then
his long ears Strengthened up. So
did Peter himself. That sound was
no dream. It was the voice Of
Bowser himself. Peter listened a
minute. then hurried to tho edge