davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-10-20
Texas Gulf Sulphur
Earns $1,749,469
During Quarter
Net Compares With
$685. ,648 Registered
In 1888 Months
BY the Associated Press.

BY the Associated Press.
NEW YORK, Oct. 20.-Texas Gulf
Sulphur Co. reported net earnings
for the September quarter of ST.
TAO .469. or about 46 cents a share,
compared with $1,558, ,648, or about
Al cents q share in the like 1898
period.
Cream Of Wheat.
Cream of Wheat Corp. reported
for the September quarter net profit
of $304,127, or so cents a share,
compared with 1927 ,319, or 80 cents
share, for the September, 1898,
quarter and $l86,65O, or 81 cents a
share, for the June, 1899, period.
Magma Copper.
Magma Copper Co. reported for
the nine-month period ended Sep
tember 81 net profit of s972 ,288 (be-
fore allowance for mine depletion)
equivalent to $238 share, COM
pared with s330,449 or 81 cents a
share for the first nine months Of
1888. The company owns a mine,
mine claims. mill sites. other real
estate and railroad in and near
Superior, Ariz.
Corn Products.
Corn Products Refining Co. and
subsidiary sales companies reported
indicated net profit for the Septem-
Der quarter of $2,868, Jas, equal to
So cents share on common stock.
This compared with $2,20l 1886, or
10 cents common share, in the
preceding quarter and $2,O66, ,488,
or IS cents, In the comparable 1888
quarter.
Continental Baking.
Continental Baking Co. and sub
salaries reported net profit for the
l3 weeks ended September 30 of
81, ,125, lib, or Sill a class "A" share,
compared with sl,O92,757. or 81
share, in the like 1888 period
R.-K.-O. Corp.
Radio-Keith-Orpheum Corp. and
subsidiaries reported loss for the
26 weeks ended July l of s68,O70
before provision for dividends ac-
CIueu uuTlng tne peTlOQ on tne
preferred stock of Keith-Albee Or
pheum Corp, subsidiary, COM
pared with loss of $48O,l76 in the
like 1888 period.
Outdoor Advertising.
General Outdoor Advertising Co.
reported net profit for the Septem-
ber quarter of $470,888. or 81 cents
a common share. compared with
1854 ,958. or 80 cents a share, in the
like 1888 period.
Atlas Powder.
Atlas Powder Co. reported net
profit for the September quarter of
1881 ,842, or s23l a common share,
compared with s745,737, or $196 a
share, in the like 1888 period.
Evening star., 1939-10-20
Retail Sales Rise
9 10 IS Per Cent
Over Year Ago
Buying Best in More
Than Two Years Except
For YuIe Periods

By the Associated Press.
NEW YORK, Get. 20-Consumer
buying during the past week, from
the point Of view of sales volume,
was the best merchants have had
in over two years except for the
weeks Immediately preceding Christ
mas, Dun e. Bradstreet said today
In its weekly review of retail trade
"The improvement in total sales
volume this week was estimated at
9 to Is per cent over a year ago."
the survey said.
Selling prices were approximately
per cent higher and expenditures
for promotions, as measured by
newspaper advertising lineage, about
per cent larger.
"On a regional basis, the broadest
expansion in buying occurred in
the Southwest, followed closely by
the Middle West and East.
Clothing stores in industrial Sec
tions reported increases of as much
| as 80 per cent, demand for top
| coats, the heaviest in several years,
was said to be particularly gratify-
ing in view of the slow season a
year ago.
Merchants noted that the better
feeling among customers was al
ready reflected in an expansion in
credit sales in both hard and soft
goods"
The agency said lower tempera-
lures throughout the country and
the general improvement in buying
power were main factors for the
improvement.
Evening star., 1939-10-20
FOREIGN Exchunoe

NEW YORK, OCT, 90 GA "a cent
loss in the British pound led quiet
downward shift in most European cur
While the foreign exchange market
scene seemed d to interpret favorably the allied
Turkish pact, bankers said there were too
many other political factors abroad to
alloy clear picture Of longtime trends.
The French franc dipped OOs. of a
cent and the belga and euilder were each
of .01 OF a cent. The Swiss franc was
bit HIGHER in terms Of the dollar.
Great Britain in dollars. others in cents
Great Britain; demand, 400; Great Britain,
gay 8oy. bills So aa7ss; Csnada MSntreaJ in New
Montreal, Ill 9334: Belgium, 1880; Den
mark, 1890: Finland, 95n; France
2.271a; Germany 4O.20n; benevolent,
I7.75: travel, unauoted; Greece, .74lan;
Hungary ls:O0n; M Italy, 800; Netheriands.
Rumsnia; ;73n sweden. .a:s3; switzer: r
Argentina Gree. 23:51: Brazil (oficiaD.
>6.05: Brazil Gree). -5.15: Mexico. 81 Don;
Japan, % so: Hong Kone 25.15; Shanghai.
$50: 'Yugoslavia 2.3On: Rates in spot
cables unless otherwise indicated.
Nominal.
Evening star., 1939-10-20
Chicago Livestock

CHICAGO, Oct. 20 up U s. Department
Of Agriculture) .-Salable hogs 5000: total
$4,000: open steady to weak with Thurs
days average: closed dull: some late sales
5.1O lower than early: top; 7.40: bulk. good
and choice, 100000 pounds, 7.20-40; most
3O0-330 pounds 7.00-35; 10000 pounds
generally 6.75-7.25: good and choice, 27O-
33o pounds, -r sows. 6.66-9o; 3ao-46o
saiable cattle, 1000: salable calves, 900:
very little beef in run: steers and yearlings
offered in odd lots mainly with 7.00-S.50
kinds predominatins: sprinkling good to
yeariinss in load lots. 1000; stockers and
feeders steady at weeks advance. with
clearance good on ali grades yeariinss and
stock calves: COW market a catch-aS-catch
can affair; mainly steady. with weeks 20
cent decline: supply mainly Colorado grass
fat cows selling at 6.25 up to $50: kinds
at 700 and better heifery offerings and
very well pred; Gamers and cutters dull at
4.00-8b; bulls scarce: 7.26 down on sau-
sage offerings; vealers weak at 11.60 down;
ssi.blsi .heep. 1000; total. 1000: late
slaughter classes strong to Is up: feeders
steady: lamb top. 9.65; bulk. 9.b0 down;
swss 4sS SSit tod.s tr.se
fat lambs and yearlinss 25 hisher; sheep
steady; Washington Eanfe lambs. s;S6: ma
tives, 9.50-s6 best held above $50; year
lings. 7.10-S.3b: native ewes. a.50-4.00.
Evening star., 1939-10-20
Securities
lat Best Level
8 Weeks
BY the Associated Press.

oS tne ASSOClALeu FTcbS.
NEW YORK, Oct. 2O.-Public
offerings of new securities continued
their modest recovery during the
week ended yesterday, reaching the
highest level in eight weeks, Poor's
Publishing Co. reported today.
The aggregate amount, $l4,258 500
was well below the average of the
weeks Immediately preceding the
war, but SO per cent of the latest
total represented a demand for new
capital rather than the refunding
of existing obligations.
Comparisons follow:
Last week Previous week Year ago.
Sl4 25S,o0 S11,411,s63 $l19 500, 934
Municipal.
6.7l2,5oo s,s9a,5o soe65 700
Public Utility.
10000. 600
Railroad.
100000
Miscellaneous.
10000 2.Oac 900
Stocks.
$4,000 2,4o2.363 11,752,234
Evening star., 1939-10-20
PennsyIvonio-Cen
Mail Rates Fixed
BY the Associated Pre6S.

By the Associated Press.
The Civil Aeronautics Authority
today fixed new rates of airmail
compensation for Pennsylvania
Central Airhnes.
Ofacials said the new charges
would result in some increase in the
compensation of Pennsylvania
Central on its present volume of
business. They did not, however,
make any specific estimates.
The new rates, effective Novem-
Der /, 1889, use the actual mileage
basis rather than the system under
which the carrier received weight
credits for some trips instead of
compensation for actual mileage
flown.
Evening star., 1939-10-20
Columbia Pictures
Lowers Dividend
On Preferred
Disturbed European
Conditions Blamed
For Board Action
BY the Associated Press.

BY the Associated Press.
NEW YORK, Oct. 2O.-Columbia
Pictures Corp. blamed disturbed Eu-
ropean conditions today for a so per
cent cut in the regular quarterly
dividend on the s2.75 convertible
preferred stock. The management
said if present conditions continue
they may adversely affect earnings
Directors ordered a payment of
343s cents share on the issue, pay
able November Is to holders of rec
ord November !. instead Of the reg
ular payment of 632. cents due at
this time.
Belding Hemingway.
Directors of Belding Hemingway
Co., manufacturers Of thread with
plants in Putnam. Conn.,. and Pet
aluma, Calf. declared a dividend of
20 cents common share, PAYABLE
November Is to holders of record
November l. Previously the COM
mon stock has paid Tia cents a
share quarterly.
Officials said the indicated profit
for the September quarter was sS3,-
726 before Federal income tax, COM
pared with profit of $83,147 in the
like 1888 period.
Neptune Meter.
Directors Of Neptune Meter Co.
ordered two dividends of 81 each,
one to be applied to accumulations,
on the 8 per cent preferred stock.
The first, payable October ~ to
holders of record October %, clears
all arrears on the issue. The Sec
ond, payable November IS to stock
OF record November l, is the regular
payment for that quarter. Com
pany's plants are at Long Island
City, N. Y, and Toronto, Canada.
Evening star., 1939-10-20
{. & n. ". Profits Expected
To Show Large Gain

BY the Associated Press.
CHICAGO, Oct. 20.-The Chicago
g. North Western Railway in Septem-
ber had the best month since Octo-
ber, 1880, according to present in
dication, Dow-Jones news service
report said yesterday.
Indications, the report said, were
that the company had a net operat-
ing income last month of approx
mately s2.000,000 which would be a
gain of lat per cent over the $807 1856
net operating income in the like
1898 month.
The September improvement car
ried into October, loadings for the
first two weeks showing gain of %
per cent, although some tapering
of in the percentage loadings gain
was noted recently.
Evening star., 1939-10-20
Petroleum Industry
Wastes Billion Yearly,
Economist Estimates
Monopoly Committee
Is Told Problem
Is Grave One
BY the Associated Press.

BY the Associated Press.
A National Resources Planning
Board economist told the Federal
Monopoly Committee yesterday that
economic waste in the petroleum in
dustry, including waste capital and
losses from improper production
methods. might amount to as much
as $1,000, 100000 a year.
Ralph J. Watkins, economic ad-
visor to the board. said this esti-
mate rested largely on conjectures,' u
but declared that IF the actual
waste is only one-half of that figure
the problem is grave one
Even if the actual waste is only
one-tenth of billion-I do not be-
lieve any one would place 1t so low
there is still a serious problem" he
said.
He urged development of Federal
State cooperation in conservation
of oil resources.
Blame Held Collective.
If we must assess the blame for
this waste" he added then logic
requires that we blame it on our
selves collectively, that is. on Gov
ernment, including the courts, since
Government is responsible for the
legal framework within which the
industry's economic organization
must perforce find its setting"
Mr.. Watkins said there was no
reason for alarm over possible
breakdown of our motorized civiliza-
tion.' but that there was cause for
concern over the higher costs that
would come after exhaustion of the
oil available in natural reservoirs.
He said the Nations proven re-
serves and natural reservoirs totaled
1900, 900 900 barrels and that pro-
duction last year was about 1850.
000, 900 barrels All production up
to 1888 totaled 81 900 900 900, he said.
Say Practice Is Improved.
R. A. Cattell, Bureau of Mines en-
gineer, told the committee that "on
the whole the petroleum and natural
gas industries have improved their
practices through the application of
technical knowledge. and many
wastes that were common a few
years ago have been minimized."
Conservation of oil and gas. he
added, has the general objective of
making reserves meet the public's fu-
ture needs for petroleum products at
a reasonable cost and dependable
rates.
THE public will derive no ulti-
mate gain from low prices attend
ing an excessive production and
waste of resources in one period at
the expense of a shortage with re-
sulting high prices in another"
Proration Is Urged.
Urging production control through
proration, Glenn E. Mclaughlin,
New York economist, said:
In order that production restric-
ton be equitable and judged, inso-
far as possible. on a national basis,
Federal authority will be required.
Such authority could prevent a re-
current breakdown of production re-
striction caused by conflicting in
terest among the States or by the
discovery of important fields in
States having no proration laws"
Mr.. Mclaughlin said restrictions
Of production would tend to raise
the price of petroleum, but asserted
that in times of depressed condi-
tions price increase may be jus
tilted socially if it operates as 1t
might under favorable conditions of
regulation to restrict rates"
Evening star., 1939-10-20
New York Sugar

NEW YORK Oct 20 GP.-World sugar
futures were generally steady today as
cuban covering and commission house buy
ins found offerings limited. The December
position met some local liouidation and
tracts in late trading were up 2la to 5lz
points, with July up most at 1.7s.
Domestic futures were firm in quiet
trading March was higher at 2.0S.
Raw sugar continued quiet. with duty
free offerings available from $40 to. $50
cents. Refined price level continued un-
changed in the East at 5.25 cents.
Evening star., 1939-10-20
Foreign Markets

LONDON. Oct 20 1P.-Stock market
traders we're encouraged by signing of the
allied-Turkish pact and while the usual
week end hesitancy was apparent. the un-
dertone was Arm. More interest was shown
in Issues neglected in the recent advance.
Domestic rails were in brisk demand Buy
ing OF foreign bonds increased. Oils weak
ened. lndustrials stuck to straight
course. The eilt-edged market moved
quietly.
PAR1S.--Trading auickened in the
levels. Profit taking nipped rentes, which
ended 90 to 20 centimes lower. Turkish
loans were strong
AMSTERDAM.-Rubb sugar and
shipping stocks stepped forward out Of a
narrow price groove in late bourse trade
today. American issues were listlesS
Evening star., 1939-10-20
DY Goods Market

NEW YORK, Oct. 90 R-Scattered
sales of the more popular cotton print
cloths were made in Worth street today
at steady prices
Rayon business was routine although
prices remained firm. Sentiment in wooden
goods was cheerful as women's garment
eales increased and buyers sampled new
spring lines.
The recent advances in raw silk prices
jeff the fabric division virtually without
buyers,
Evening star., 1939-10-20
Boston Wool Market

partment of Agriculture) The wool mar
ket in Boston was very quiet today Quo
tations were unchanged. but were largely
ness transacted. Occasional inquiries were
received for small lots of fine territory
wools. but bids were generally lower than
most holders were willing to consider.
Evening star., 1939-10-20

Quotations furnished by National Asso-
citation of Securities Dealers. Inc. which
transactions or firm bids or offers, but
should indicate approximate prices. and
unless otherwise indicated. are as quoted by
the sponsors or iSsuers.
Not quoted BY sponsors or issuers.
Evening star., 1939-10-20
Refuse Evacuation

So that their work for the rest Of
the blind community should continue
without interruption. 90 blind men
and women of the National Institute
for the Blind in England refused to
be evacuated.
Evening star., 1939-10-20
Metal Market

NEW YORK, Oct 20 1P-Coppe,
steaoy: electrolytic, spot. 1850. Tin STEADY
spot and nearby. So SO 00n forward
5.50-5a. East ST. Louis 5.35. Zinc steady
East st. Louis. spot and forward, $50
quicksilver, ! 30. O0n platinum. pure. 40. 90
wolframite and domestic scheelits un.
changed.
Evening star., 1939-10-20
HONEYMOON in Fire

Summer resorts in Fire were
crowded late in the season with
honeymoon couples from England
who could find no other nearby
safe place to go.
Evening star., 1939-10-20
Buy Beuns and Rice

Costa Rica is trying to relieve its
food shortage, caused by this years
drought, and is buying beans and
rice in foreign countries to sell to
| its people at reasonable prices.
Evening star., 1939-10-20
Washington Exchange

SALES.
Potomac Electric Power 51aee pfd.-
at l12.
Anacostia e. Potomac 5s-$1 900 al
951a. $1,000 at 95i2.
Mergenthaler Linotype-10C at 171a
Evening star., 1939-10-20

Also extra or extras
Quotations furnished by National Asso-
citation Of Securities Dealers, Inc. which
states they do not necessarily reflect actual
transactions or irm bids Of offers, but
should indicate approximate prices.
Evening star., 1939-10-20
&c. & 0. Eorninqs
Climb Sharply
| Above 1898
By the Associated Press.

CLEVELAND, Oct. 20.-Chesa-
peake e. Ohio's September net earn
ings, the railway reported yester-
day, were $4y072 ,626, an increase OF
$913,093 over September, 1898.
Nine months earnings Of $l5,6O0,-
704 represented an increase of 49,
04l $40 over last year.
Evening star., 1939-10-20

:Ex-dividend zoe paid June IS. 1899.
Plus extras e2% extra f3S extra
S14 90 extra paid December 20. 1888,
september W 20 e 1888 q 0 500 @ paid ISe H. lSss s'
$500 paid so far this year. yS5OO
extra
Evening star., 1939-10-20
Excess Bank Reserves
Climb $110,000,
To New Record
Increase Attributed
To Federal Spending,
Gold Purchases

By the Associated Press.
The Federal Reserve Board said
yestel day lendable excess reserves of
banks increased sll00O0,OOO in the
last week to set a new record high
of $5,5lo,OOO 900.
The increase was attributed to
Treasury deficit spending, gold pur-
chases and other routine transac-
tions.
The board also said that the
II Federal Reserve Banks reduced
their holdings of Treasury bills by
SIT 100000 last week, indicating that
the board followed its recent prac-
tice of not buying bills at their cur
rent high price, even though the
Treasury increased its weekly offer
ing of bills from s1O0,000.0OO to
$50, 100000. The decreased Reserve
bank holdings of bills resulted from
the fact that the banks did not
replace bills which came due and
were paid off by the Treasury.
The boards statement said:
During the week ended October
18 member bank reserve balances in
creased S168.O00,0 ,0OO Additions to
member bank reserves arose from
decreases of s55,000.000 in Treasury
deposits with Federal Reserve Banks,
SAL 900 900 in non-member deposits
and other Federal Reserve accounts,
S22,000,000 in Treasury cash and
Sl6.O00000 in money in circulation
ard increases of $24,00O, 900 in gold
stock, S7000,000 in Reserve bank
credit and 100000 in Treasury
currency. Excess reserves of men,
ber banks on October 18 were esti-
mated to be approximately $5.510.-
100000, an increase of $1l0,0O0 900
for the week.
The principal change in holdings
of bills and securities was decrease
of SIT 900, 900 in holdings of United
States Treasury bills.
Changes in member bank reserve
balances and related items during
the week and the year ended Octo-
Der l8, 1899, we're as follows:
Increase or decrease since
Oct. Is, Oct. H. Oct 10,
Evening star., 1939-10-20
Southern Pacific.

NEW YORK, Oct. 20 (P.-The
Southern Pacific Co. reported today
net operating income in September
jumped to $4,471, 131 from $2,565, ,124
In September, 1888. The figures
were before fixed charges and other
income. Gross income for the
month increased to $40, 1853, ,174 from
$18,ll1 1886 year ago.
Evening star., 1939-10-20
Investing Companies

NEW YORK. Oct. 90 CPN.-NationaI As
sociation Securities Dealers, Inc.
Moon Quotations
Evening star., 1939-10-20
U. S. Treasury Notes

NEW YORK. Oct. 20 Pl.-Prices quoted
In dollars and thirty seconds
Evening star., 1939-10-20
Federal Lond Banks

NEW YORK. Oct. 20 tP,.-rederaI Land
Evening star., 1939-10-20
BONDS
PUBLIC UTILITY
MISCELLANEOUS

MISCELLANEOUs
Chevy Chase Club lst 4Ls 1O2
Col Country Club lst Avs 1O2
Ter Rel a. VIII Corp 1st 4As 100 -
Evening star., 1939-10-20
Insurance Stocks

NEW YORK. Oct 30 LP.-Na
Association Security Dealers. Inc:
Evening star., 1939-10-20

increase or decrease since
Oct. lS, Oct. II. Oct. 10,
1899. 1899. 1898,
TN millions of dollars.)
6 l
2.74S III = 1874
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-02
In The Local
TheaterS


1.-THE Angels Wash Their Faces"
not o picture you'd call stupendous
or colossal but picture that's down.
right entertainment and eXcitingly
different, also picture that played
to capacity attendance at all per-
formances yesterday when 1t OPEN
ed Its four-day engagement at War
ner's State theater.
The Dead End" kids, o surprise
package In themselves because this
time they are with the law instead
Of against 1t, and Ann Sheridan hit
1t of right from the start turning
In performances that were cheered
and applauded by audiences after
the final fadeout.
Although the kids are somewhat
reformed they are still rough and
ready. Their particular type Of
street fighting Is quite evident In
the early scenes of the picture UNI
til Miss Sheridan steps In and then
they turn over @ new leaf.
Besides the Dead End" seXtette
and the screens "oomph" girl who
are co-starred, tho cast OF the new
production includes many other fine
performers, 10th juvenile and adult,
Among the former are Frankie
Thomas, Bonita Granville and Jack
Scarf, while among the adult play
ers are Ronald Reagan, Eduardo
Ciannelli and Berton Churchill.
The Aim places the Dead Enders
Ia O tenement environment but de-
picts them as thoroughly law-abid-
Ing youngsters. In fact, they CO.
operate so smsrtly with the authori-
ties that they are chilly resnon-
sible for bringing to justice q SIMS
ter gang of adult criminals.
Here Is the show that positively
tops" anything you've seen this
year. Surprises, excitement, thrills!
Truly o grand picture for the whole
family.
On the same show as the second
big hit 10 "Everybody's Hobby with
Irene Rich featured.
Plan to see Bob Burns Ia hi!
greatest role TO date, "Our Leading
Citizen" which comes 10 the Stat,
on Tuesday.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-02
WATR PROGRAMS
Anna Rn.A

i2:oo-waiter Kidder's Concert
p. NJ.
i2:i5-Meiodic Moments
i2:30-Waterbury Democrat News
i2:t5-Bonnie Stewart, Songs
l:00-Yankee News
lI5-Ruth Cullen, Songs
l:30-Dancing Discs
2:00=Palmer House Concert Orch.
2:lb-First Race From Narraga-
sett
2:so-gasebail Game-Red sox W.
Yankees
4:30-The Hitmakers, Orch.
6:00-van Alexander's Orch.
5:30-Ace Brigade's Orch.
6:00-Yankee News
6:l5-Sports Page
6:30-Larry Larrivee. Songs
645-Better Business Drama
7:00-Palmer House Concert Orch
7:l5-concert Master
7:30-People's Quiz Club
S:00-Tropical Serenade
e:30-Hawaii Calls
9:00-Totem Pole Orch.
9:30-Mickey Alpert's Orch.
9:45-Sons OF the Pioneers
l0:00-Symphonic Strings
l0:30-Music by Moonlight
11i00-Yankee News
ll:l5-Weather Service
ll:30-Sign OFF