davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-05-01
Woodruff Is Elected
Board Chairman Of
Coca-CoIa Co.
A. A. AekIin Appointed
President; Earnings
Set New Record
b. the.Associated Press.

WILMINGTON, Del, May l.
Robert W. Woodruff, president of
the Coca-Cola Co. since 1923, was
elected chairman of the board and
chairman of the Executive Commit
tee at the annual meeting today.
The Board of Directors named as
president A. A. Acklin, formerly vice
president and assistant treasurer.
w. C. Bradley of Columbus, Ga,
was elected chairman of the Ad-
visory Committee. All other officers
were reelected.
E>nings for the three months
ended March 81 were the largest for
any first quarter in the company S
history.
Net earnings applicable to 40OO,-
900 shares of common stock, after
all charges and Glass "a" dividends.
amounted to S4.8l7,764, compared
with s4.414.195 for the comparable
1888 period.
Directors voted a dividend of IS
cents a share on common stock and
the regular semi-annual dividend of
Sl.6O on Glass "A stock, both pay
able July l to holders of record
June H. Company paid so cents a
snare on common April l this year.
With more than 80 per cent of
the outstanding common stock
represented at the meeting, all
members of the Board of Directors
were reelected.
Evening star., 1939-05-01
Foreign Exchange

NEW YORK, May / 1Pl.--The Neither
lands gulder broke 10 of cent in
terms Of the dollar today. cancellingg nearly
half Of sharp gains made last week.
Bankers attributed the RELAPSE to a
technical reaction after an end-of-the-
month short squeeze had forced foreign
exchange traders to bid the currency up
in covering operation
Sterling remained unchanged. while the
French franc advanced O0Ia of cent.
The belga and Swiss franc were narrowly
ahead
Late rates follow (Great Britain in dol
lars. others in cents): Great Britain. 4.6S:
6O-day bills: 4.66A; Canada. Montreal In
New York, 90 56h; Canada. New York in
Montreal o1OO4 43s4: Belgium. 1900: Den
mark. 2091: Finland. :2.07: France. 2 s.:
Germany. 4O.13l2: benevolent. 2O.15:
travel. 2015: Greece. SO; Hungary. 19 70:
Italy 5:26M; Yueoslavia. 23o' HetheTG- Neither
1886: Portugal, 427; Rumania, .72; Swe-
den; 24.12: Switzerland, 22.46; Argentina.
81. .20n: Brazil, 5 so: Mexico City. 20.O0n:
japan. 80: Hong KONG. $3.50: Shang-
hal 1915.
Rates in spot cables unless otherwise
indicated. Nominal
Evening star., 1939-05-01
Maryland Phone Calls
Rise Above Year Ago
Special Dispatch to The Star.

BALTIMORE. May 1.-More than
IS, ,628,500 telephone calls were made
by users of the Chesapeake & Poto-
mac Telephone Co. Of Baltimore
City system, serving the State of
Maryland, during March. This was
an increase of 6.5 per cent over the
corresponding month of last year.
Maryland was served by 267 ,428 tele-
phones at the end Of the month, an
increase Of 1922 over March 81,
1898.
The company's operating revenues
in March totaled $1,327, ,141 as CON-
pared with $1,235, 1872 in March of
last year. Operating expenses, in
cluding taxes, amounted to $1,072,-
TAT, or $63,713 more than in March
OF last year. Net operating income
for the month was $254,394 This
was an increase of $27,636 over the
previous March.
Taxes for March were s196,944, or
about Is per cent Of the customers
telephone bills. The taxes were
$23035 more than for March, 1898.
For the first three months Of this
year taxes totaled SSH 067, which Is
$51 ,402, or about 10 per cent more
than for the corresponding period
of last year.
Evening star., 1939-05-01
Pullman Co. Disc|oses
Highest Operating
Costs in History
Report to Employees
Also Stresses Effect
Of Heavy Toxes
By the Associated Press.

BY the Associated Press.
CHICAGO, May 1.-The Pullman
Co. informed it's employees today the
average Pullman car passenger
travelled 532 miles last year. but the
company earned only thin dime
for providing the comforts on the
journey.
In 1887 the average journey of
SIT miles earned the company an
average of "a cents for each pas
senger.
Operating costs per passenger
were highest in the company's his
tory, the management explained in
its annual statement to Pullman
employees.
The number of passengers car
ried dropped 1912 per cent in keep
ing with the lower level of business
generally, but net earnings from
sleeping cars and parlor cars
dropped 81 per cent.
Total taxes of SIS 506, ,039 paid or
accrued by the Pullman group of
companies in 1888 were equal to
$500 per employe and were more
than double the companies net in
come for the year" the report said.
The company added, Sleeping
car operations in November were
conducted solely for the benefit of
the tax collector" since taxes alb
sorbed the equivalent of revenue
from Pullman travellers carried that
month.
"A slightly improved traffic trend
has recently appeared in the Sleep
ing-car division and it is hoped
that more substantial betterment
will be witnessed in coming months
as a result of the Worlds Fair
travel stimulus"
Evening star., 1939-05-01
Stock Averages
BY VICTOR EUBANK,
Associated Press Financial Writer

NEW YORK, May 1. - Stocks
drifted over an irregularly lower
route in today's market
Little significance could be at
tached to declines ranging from
fractions to more than a point
inasmuch as the session was one Of
the sloWeSt in nearly five years.
Transfers approximated 275,000
shares.
A few issues. including sugar COM
pany stocks which were aided by
firmness of the staple. worked coun.
ter to the trend for modest ad.
vances.
Many traders continued to re-
main aloof brokers said, pending
further assurances Europe would
manage to keep out Of war at this
time. The opinion generally, how
ever, was that the latest sore spot
the row between Germany and Po-
land over Danzig and the Corridor
would be remedied possibly without
major operation.
While there were few hopeful
business items, most lacked stimula-
ton marketWise.
The official estimate this weeks
steel mill output would be down for
the fifth consecutive week was in
line with forecasts, and steel shares
backed away without much opposi-
ton.
Securities at London steadied fol-
lowing an early slip. Paris and
Amsterdam markets were quiet and
mixed.
Among retreating stocks we're
United States Steel. Bethlehem,
General Motors, Chrysler. United
States Rubber, Boeing, Anaconda,
Du Pont, Eastman Kodak, Santa Fe,
Johns -Manville and Standard Oil of
| New Jersey.
Up as much as point most of the
time were Fajardo Sugar, South
Puerto Rico Sugar. Great Western
Sugar. Consolidated Edison and In
ternational Harvester.
Evening star., 1939-05-01
April Meat Output
Rises 12Per Cent
Above Year Ago
Pork Production Soors
While Beef TotuI
Gains Moderately
BY the,,Associated Press.

CHICAGO, May 1.-The Nation S
output of meat in April was about
II per cent greater than during
April last year, the Institute of
American Meat Packers reported to-
day.
Pork production increased sub
stantially and there was a somewhat
larger beef output, the institute said.
Little change was noted in veal
and lamb production.
The number of hogs marketed
during April was estimated to 10
per cent smaller than during March,
and continued well below market
ings during the five-year period of
1929-33 Cattle marketings prob
ably were greater during April than
during the same month last year or
March this year, the institute re-
ported. Calf marketings were about
the same as in March and not great
ly different from April last year,
while lamb marketings were fewer
than during March this year and
April last year.
The demand for smoked meats
improved somewhat during the latter
part of the month, but wholesale
prices of bacon at the end of April
were from 81 to "a per cent lower
than during the same period last
year and prices of smoked hams
were as much as II per cent lower,
the report said,
Prices of hogs declined and at
the end Of April were at the lowest
level since December, 1884. Most
grades of steers were slightly lower
In price at the end of the month
than at the beginning. but prices
of cows and heifers were slightly
higher. Prices of veal calves de-
clined and lamb prices increased
somewhat.
Evening star., 1939-05-01
Middle West Corp. Nets
S1,310,028 for Year
BY the Associated Press.

BY the Associated Press.
CHICAGO, May 1.-The Middle
West Corp, holding company for
public utility units centered in the
Middle West and Southwest, report
ed for 1888 net income of 81 1.310,028,
equal to 80 cents share on the cap
ital stock. The profit compared with
net income of s759, ,067, or % cents a
share, in 1887.
The company said aggressive new
business and merchandising cam
paigns of operating companies had
stimulated use of electricity and
that 2l,763 new customers had been
added to the lists.
Taxes continue to be an increas-
ing burden on the companies in the
system" the report added, The COM
bined provision for taxes in 1888 to-
tailed s8.299,552 as compared with
$1,000 002 in 1887, an increase of 6.28
per cent
The report noted operating units
in the system had planned for 1899
construction expenditures of $780,
900 compared with $11 $4,000 in
1888.
Evening star., 1939-05-01
Chicago Grain
BY the, Associated Press.

BY the Associated Press.
CHICAGO, May 1.-Wheat prices
shot up 134 to 212 cents a bushel
today to the highest levels since last
summer as the market resumed its
sharp advance based on reports of
less favorable crop conditions in the
Southwest.
No material moisture relief was
received over the week end and none
was promised. Rains also were re-
ported badly needed over large Sec
tions of the Dakotas.
The market reacted about a cent
from the days high points as profit.
taking increased
Wheat closed ss-15s cents higher
than Saturday; May. 75-747s: July,
73-727s; corn. 5s-1 cent up; May,
485s-l2; July, 5014-ss; oats. l3-94
higher.
Evening star., 1939-05-01
Boby Bond Holdings
Total $2,206,008,9 900
BY the Associated Press.

The Treasury said yesterday that
s2,2O6 ,0O8,90 of United States saw
ings bonds, the so-called baby
bonds" are now outstanding.
Secretary Morgenthau said that
since March /. 1885. when they were
first placed on sale, bonds with a
maturity value of s2,437, ,108,8 have
been issued to 1,5646O8 individuals,
an average of $1,957 ,525 for each
business day. Bonds with face
value of 1921 ,099, $50 have been re-
deemed.
Sales in 1888 were s7O7 ,291 $50, an
average of $2,334, 300 each business
day.
Evening star., 1939-05-01
National Underwriting
Names Hanna Chief
special Dispatch to The Star.

speclal Dispatch to The Star.
BALTIMORE, May 1.-Weslev S.
Hanna, insurance commissioner of
Maryland for the last four years
and whose term officially expires
today has been elected president
OF National Underwriting Corp, the
managing attorney-in-fact of Ma
tional Lloyd's, Baltimore, it has
been announced by the company.
Mr.. Hanna. who before he was
appointed insurance commissioner
was deputy controller of Baltimore
for Is years, is we'll known in in
surance circles throughout the
country. He was decidedly active
in the work of the National Asso-
citation of Insurance Commissioners,
serving as chairman of the Cas-
ualty and Surety Committee and
as member of many other COM
mittees.
Considerable legislation designed
to strengthen the States insurance
laws was sponsored by Mr.. Hanna
and enacted during his term of
Office.
Evening star., 1939-05-01
New York Sugar

NEW YORK. May / lP.-Suear prices
advanced in quiet futures trading today;
World, futures in late afternoon held at
their highs with GAINS of 2l2 to 4 points.
May was at its high at 1.46;
In London. raw sugar advanced to a
new high of 8 shillings elf. and futures
eained ia to 2sI pence
Domestic futures were quiet and g to 3
higher. July sold throughout at 2.04:
reflner bought 500 tone May-June
shipment Philippines at 2.91. Other Of
ferings OF duty frees were held at 2:eb
r"oted at 2s9 nominal. Refined ranged
from 4 45 to 45O. A reflner who had
been selling from day to day at 4.3O with
Futures No. closed 1-2 higher; sales.
1,S00 tons.
High. Low. Close.
July 2.04 2.03b
September -----------2.O9 2.0s .2.osb
Bid.
Evening star., 1939-05-01
Excess Bank Reserves
Continue to Expand
BY the.Associated Press

BY the Associated Press.
NEW YORK, May 1.-Excess re-
serves continued to increase last
week as New York City member
banks of the Federal Reserve Sys-
tenn searched in vain for suitable
use for their abundant funds.
An increase of $11,OO0,O0O in Sc
curity investments, reflected a rise
in holdings of Government securi-
ties but failed to provide any real
outlet for the funds available from
decrease of SIS 100000 in total
loans and an increase of SIS, 1000 900
in total deposits.
Bankers seemed content for the
moment to allow the funds to lie
idle in reserve balances which
reached new high of s8 1881 900 900,
compared with $4,737 100000 the
previous week and $3,070,O00,OO a
year ago.
Evening star., 1939-05-01
New York Bank Stocks
Down 2.36 Per Cent
Special Dispatch to The Star.


NEW YORK, May New York
City bank stocks suffered a setback
during the past week, according to
records compiled by Holt, Rose &
Troster. specialists in bank and in
surance stocks.
The aggregate market value of
Is leading issues on April % stood
at $1,318, ,499 900 compared with ST.
$50 $780, 900 at the close of the pre-
vious week, a decrease of $31 1850, 900,
or 236 per cent.
The current average yield of the
16 issues of 490 per cent compares
with yield of 479 per cent on
April 81. The current market value
is now "a per cent of the known
book value, against 96 per cent a
week ago.
Evening star., 1939-05-01
Boston Wool Market

BOSTON. May / (P1 (U. 8. Department
of Agricuture) A few users were in
the market for fine territory wools TO-DAY.
Ing lengths fine territory woods in orig
nal bags at ss-es cents a.tsr scoSfsd basis Is;
threeleiehths and one-uuarter blood bright
fieeces in mixed grade lots for shipment
direct from the country were quoted mostly
quite Arm around 81 cents in the crease.
delivered to users and some houses were
asking % cents delivered.
Evening star., 1939-05-01
Dv Goods Market

NEW YORK. May ! LP.-Worth street
TODAY. but actual orders were moderate
improved on reports of mill curtailment
for April and May shipment. Rayon and
silk held quietly steady ,o,,,rr.s hr,.b
The broad buying movement for fall lines
Initiated last week led to considerable
covering BY spinners in the raw wool mar; {;
ket. Prices are edging upward IN Al
branches Of the industry.
Evening star., 1939-05-01
FOREIGN Markets

LONDON May l LP,.-The stock mar
ket steadied in late dealings today after
an early sell-ofi: Coppers and and most IN
days lows. British funds headed down.
ward and trans-Atlantics and oils fell
back largely on continental selling. Kanirs
were offered from Cape Town. European
bonds slanted lower
PARIS-Irregular price changes marked
quiet DEALINGS in the Bourse today. Rsntes
closed 35 to IS centimes lower and Bank
Of France dipped 40 francs. SueZ Canal
declined 1876 francs and Royal Dutch was
narrowly lower.
Evening star., 1939-05-01

Approximate Soes Of Stocks the NJ Y Stock Exchange
400 AN $4,000 1900 Noon ------ 100 900
100 Pm 160 600 200 PM 100 000x
Total Sales for the day. 280,000
sUnit OF trading 10 shares
rim bankruptcy receivershp being reorsand under
Bankruptcy Act securities assumed such
Rates dividend in the table
Unless noted special dividends
xd Ex dividend. Ex rights Also
Payable Declared this
year. Cash stock Accumulated dividends de-
cla
Evening star., 1939-05-01
Less Wool Consumed

Raw wool consumption declined
to a weekly average of $685. 900
pounds in March, compared with S,
612 900 pounds in February, a Com
merce Department compilation
showed.
Evening star., 1939-05-01
Tubize ChotHIon
Volume Jumps
| Ahead of 1888
BY the Associated Press.

by InG AbSUCIHI ItU FItbbs
NEW YORK, May 1.-Business of
Tubize Chatillon Corp. for the first
quarter of 1889 "has been substan-
TALLY better than for the same quar-
ter of 1888. largely due to an increase
in volume, although unit prices have
been lower" Roland L. Taylor, chair
man, told stockholders at the annual
meeting today.
Taylor placed net profit for the
first three months at $l80457 after
depreciation, against net loss of
$3l ,946 in the first quarter last year.
Evening star., 1939-05-01

Consolidated Gas, Electric Light
& Power Co. of Baltimore-March
quarter common share earnings were
41.29, against 41.18. ez
Evening star., 1939-05-01
odd-Lot Dealings
BY the!Associated Press.

The Securities Commission reported to-
day these transactions by customers with
odd-lot dealers or SPECIALISTS on the New
York Stock Exchange for April 20: 1.26l
purchases involving 1908 sharess 1.0S3
sales involving 26.670 shares.
Evening star., 1939-05-01

May .29iA .2SaA 90 .2ss
6Oss: No. g. 5eas. Oats, No. 2 white. 90;
No. 3. 27H.
Baltimore Quotations.
BALTIMORE. Nav l GP,.-Wheat-No.
. red winter Rarlicky SPOT domestic. 81.
Evening star., 1939-05-01
Federal Land Banks

NEW YORK. May 1 R.-Federal Land
Bank bonds:
Evening star., 1939-05-01

Chicago Cash Market.
Cash wheat-No. ?. hard, 1917: No. 5.
1872; sample grade hard, 75-75l?. Corn
NJ mixed ,o ?ora; N9 2; Az; M No =.
49A4: No. /. white. 56 No .. 55-56; No.
5. 52l2 sample grade. white. 42i4-41.
Oats-No. 3. mixed. 81 No. ,. white. 33i2-
34l4: No 3. 81 s4-32lA: No 4, 30-3217:
sample grade. white. 3194-33 Barley
Illinois mating. $3.50. nominal; feed. 35-
seed. 2S5-315 nominal: red clover seed.
l3.0O-17.0O nominal: red top. 9.25-75.
Winnipeg Prices.
WINNIPEG. Nav l LP.-Grain range
Evening star., 1939-05-01

WINNIPEG Nav l cP.-Grain range
tOday
Montana labor news., 1939-04-06
Legislative News Letter
Foreign Born in Bad Plight.

WASHINGTON, D. C.-The Dies
Committee and the other G%arnerites
are on the march against the foreign
born. While Hitler creates more
refugees by the hundreds of thou
sands, the reactionaries in the United
States Congress try their best to
emulate him.
Last week the House passed, with
out record vote, Congressman John
J. Dempsey's ID, N. M, member OF
the Dies Committee) bill to order
deportation of all non-citizens who
believe in "any changes in the Amer
lean form of government" It in
cludes also non-citizens who belong
to organizations which advocate any
change in the American form of gov
eminent. Innocent-appearing on the
surface to many as this may be, il
holds tremendous potential dangers,
A moderate example of these dan
gers would be the possibility of de-
porting all non-citizen members of
a trade union on record in favor of
the child-labor amendment, or in
favor of any amendment to the con-
stitution. Efforts will be made to
kill or modify the bill in the Senate,
which should have the active sup
Continued on Page 81
Montana labor news., 1939-04-06
HELENA IS HOST TO
GENERAL LAB0RER5
National Representative Speaks
of Progress in Union.

The Montana State District Coun-
Gil of Hold Carriers, Construction and
General Laborers held their quarter
ly meeting in Helena Saturday, April
l, with a large number of delegates
from IS local unions in attendance.
The officers of the State District
Council are Frank Healy of Ana
conda, president; George Hawks
worth, Deer Lodge, vice president;
Chester Bates, Helena, secretary
treasurer, and Joe Dzivi, K~alispell,
sergeant at arms.
Delegates consisted of Frank
Healy, Ralph Crimmins, and Glen
McPhail, Local 235 of Anaconda;
Chester Bates and Leo Steele, Local
254 of Helena; Harry Waller, Local
1877 of Missoula; John Sloan, George
Gieser and Frank Ozanne, Local 1853
of Butte; w. L. Springer and w. j.
Springer, Local 273 of Great Falls;
Raymond Johnson, Sylvester Rogan
and Roy ZeBarth, Local 438 of Dill
lon; r. c. Mcknight and Frank
Lashell, Local 535 of Deer Lodge;
L. d. Hestor and Calvin Stevenson,
Local 1922, Anaconda; Joe Dzivi and
Carl Jensen, Local 1892, K~alispell;
T. P. Taylor, Glen Thompson and
Raymond Hays, Local 1877, Boze-
man; W. T. O'Leary, Local 1903,
Livingston; Ben E. Ward, Local 1249,
Hamilton; Harvey Davidson, Local
1890, Thompson Falls; Fred Hafner,
Local 1915, Three Forks.
Visitors present were Opel Hal
and Emmit White of Bozeman, Ed
Walker, Stan Olson, Walt Anderson,
Nels Freeze, Jesse Fletcher Of
Helena.
Also in attendance vas VIM. o
Dix, general representative, of the
Hold Carriers and General LaborerS
international Union, who spoke Of
conditions in the Western states ano
progress made by our local unions
Discussions consisted of genera.
conditions in Montana for work un.
der our jurisdiction, mainly the or.
%ganization of heavy construction
work and the bettering of condi.
tons for all our members.
Jurisdictional boundaries were dis.
cussed and mapped out for each
local union and plans made to hell
each local organize and maintain
conditions within their respective
territory.
Meeting adjourned at $3.50 p. m
The next meeting to be held il
Helena on Saturday and Sunday
July l and 2.
Montana labor news., 1939-04-06

At the present time there are
approximately 1900 youths between
the ages of IS and rs employed on
the NYA work projects for out-of-
school youths. The maximum earn
ings on this program is $25 per
month, and the average is approx
mately SIT per month.
In calculating the assistance needs
Of a family to which a youth so en-
ployed belongs, please eliminate this
youth entirely, both the person him
self and his earnings. These earn
ings are intended to maintain him
and to assist him in obtaining train
ing for increased usefulness and
earning capacity. They are not in
tended to aid in the support of the
remainder of the family to which
he belongs.
Dated at Helena, Montana, this
31st day of March, 1889.
/. M. BRANDJORD, State Adj
ministrator of Public Welfare.
]. B. LOVE, State Director Ma
tional Youth Administration
Montana labor news., 1939-04-06
NATIONAL YOUTH
EARNINGS NOT TO
Be (LA5SED RELIEF
Wages Intended for Increased
Training.
STATE OF MONTANA
DEPARTMENT OF PUBLIC
WELFARE
Helena, Montana,
March 81. 1899.

March 81, 1899.
This bulletin is intended to be in
force and effect only until the state
department of public welfare has
worked out a more detailed plan for
calculating assistance needs under
the various classes of public assist
ance. The preparation of this plan
is now under way.
At the present time there are APP
proximately 1900 youths between
the ages of Is and rs attending
school or college who r employed
under the NYA student aid program.
The maximum earnings for youths
attending grade school and high
school is Sc per month, and the aver
age is approximately $3.50 per
month. The maximum earnings for
students attending college is SIS per
month; the average is approximately
$11 per month.
In determining the assistance need
Of the family to which such students
belong, please ignore entirely these
student aid earnings. If the youth is
living at home, he is to be considered
in calculating the assistance needs of
the family in the same am as if
he did not receive any student aid
earnings.
Montana labor news., 1939-04-06

1t is less painful to learn in youth
than to be ignorant in age.