Evening Star Newspaper, March 9, 1937, Page 18

THE EVENING STAR, CUSTOM TAILORED PLEATED AND ZIPPERS 2-Piece Set, $31.45 3-Piece Set, $38.95 Choice of 85¢ Chevron Cloth. fisured dust tight & Printed Crash 3ra Fl. American Bl FOR THAT "MORNING AFTER” HEAD WELCOME RELIEF | 1 HOUR To Relieve Bad Cough, Mix This Rec1pe, e, at Home Big Savi . SoEasy. You'll never know how quickly and easily you can overcome coughs due to eolds, until you try this famous recipe. It gives you four times as much cough medicine for your money, and you'll find it the finest thing you ever tried, for real relief. Make a syrup by stirring 2 cups of granulated sugar and one cup of water a few moments, until dissolved. No cooking needed—it's no trouble at all. Then put 215 ounces of Pinex (obtain- ed from any druggist) into a pint bot- tle. Add your syrup and you have a full pint of medicine that will amaze rnu by its quick action. It never spoils, ste a family a long time, and tastes Gine — children love it. ‘This simple mixture takes right hold of a severe cough. For real results, you've never seen its equal. It loosens | the phlegm, soothes the inflamed mem- branes, and quickly eases soreness and | difficult breathing. Pinex is a compound of Norway Pine, | 1n concentrated form, famous for prompt | action_in coughs and bronchial irritations. Money refunded if it doesn’t please you in every way. | BY the Associated Press. | automobile workers. | Japan. to Italy, to Germany, STEEL FIRMS FIND |Prices Soar With More Than 6,000,000 Tons Sent Abroad in Five Years. CLEVELAND, March 9.—World de- mand for scrap iron is draining the rusty steel bars, old automobile en- gines, railroad car wheels and metal polyglot from America’s junk yards and sending prices up and up, Joseph F. Froggett, editor of Daily Metal is hotter than a poker,” he said. so scarce that you can hardly get it. All over the world the scrap iron tail is wagging the dog.” Simultaneously announcement of a new schedule of prices by one of the large ore shippers indicated iron ore prices for the 1937 season will be ad- vanced 45 cents a ton over what they have been for the past eight years. Steel circles said the advance in increased cost of steel and steel prod- ucts, recently announced, and with the increased wages granted steel and SCRAP 1S SCARCE & Trade, said today. |8 “The scrap iron and steel situation | & “It’s | G price of iron ores is in line with the | N Started Five Years Ago. Froggett said thte scrap situation began about five years ago, when “it iron.” Junk yards were full, so op- erators began to export their scrap to some to France and a little to England The first year this export totaled from 250,000 to 300,000 tons, Froggett | said. To date it totals more than 6,- 000,000 tons and export scrap is be- Coast and the Gulf ports at $18 to| $20 a ton. The new schedul of ore prices, for 1937 delivery, at which the shipper said it already had made some sales— | based on a 51.50 per cent iron natural } content and for the Bessemer ores & | phosphorus content of .045 per cent | dried—follow: Mesaba range non-Bessemer Mesaba range Bessemer Old range non-Bessemer Old range Bessemer = Shipping Record Due. With the steel industry swinging into high production and the reserves of iron ore at both furnace and on dock being reduced, observers predicted one of the largest movements in the history of Great Lakes shipping, even surpassing the 1929 high, when 65,- $4.95 5.10 5.10 525 ’ooo.ooo tons were brought down the | lakes. H Daily Metal Trade today said that ‘rollowing upon the advance in steel prices last week by the United States Steel Corp. subsidiaries, independent producers are falling in line. Supplementary items to the general iron and steel list now are being af- fected. Rivet prices have been ad- | Selected INVESTING COMPANIES YORK. March 0 (P.—New York NEW Security Dealers' Assoctat (Noon Quotations.) min Pd 2nd_T A Business Shrs <. Bro: Rusiock *Fund Corporate Trust Gorvorate, Trust, Fixed Trust Sh Found Tr Sh A Fund lmsfion 1 Holding Incorp Investors Insurance Group Shrs__ Investors Fd C Inc Kesston_ Cust Fund B Major Shrs Corp _. Marvland d o Nation Wide ' sec Nation Wide Voting Plymouth Fund Inc Quarterly Income Sh Selected Am Sh Selected Am Sh inc Selected Cumul Sh Income_Sh Spencer Trask Fund Stand Am Tr Shrs was practically impossible to sell scrap | S¢8 Super Supervised Shrs Trustee Stand Inv C Trustee Stand Inv D, Trusteed Am Bk “B" Trusteed Industry Shrs Wellington Fund ing disposed of along the Atlantic |~ vanced $7 a ton. A sharp increase in | quotations has been effected on Holts and nuts. Warehouse jobbers are re- | vising their price schedules upward sharply. you switc to richer RICHFIELD HI-OCTANE GASOLINE Please See Pages A-118& A Dividend Ordered On Common Stock Of Bulova Watch By the Associated Press. NEW YORK, March 9.—Directors of Bulova Watch Co. ordered resumption of dividends today with declaration of a special payment of $1.50 and a regu- lar quarterly dividend of $1 on the common stock. Last payment made by the com- pany was in September, 1931, when 20 cents quarterly was disbursed. The new dividends are payable March 23 to holders of record March 19. e DOLLAR GOES DOWN IN LONDON DEALINGS By the Associated Press LONDON, March 9.—The United States dollar declined % of a cent in the foreign exchange market today, closing at 4.88% to the pound. New York’s overnight sterling rate was $4.88. French francs improved on good buying and ended at 10694 to the pound, compared with 107 yesterday. PARIS, March 9 (#).—Three per cent rentes, 74 francs 65 centimes; 413 per cent rentes, 77.90. Exchange on London, 106.93. The WASHINGTON, dollar was quoted at 21.90 without charge. Phone NAtional 0442 oryour fravel agent Luxurious Douglas Airliners with large, comfortable, reclining chairs, Crew of two pilots and stewardess. D. C, TUESDAY, MARCH 9, 1937, AUTO FACTORY SALES WELL ABOVE YEAR AGO BY the Associated Press. NEW YORK, March 9.—Factory sales of members of the Automobile Manufacturers’ Association in Febru- ary amounted to 248,679 cars and trucks—a 13 per cent increase over the same month of 1936, the associa- tion announced today. Shipments for February were 6 per cent under the previous month. On the basis of this report January- February volume amounted to 514,502 units—a 3 per cent increase over the corresponding 1936 period. U. S. TREASURY NOTES. (Reported by Chas. D. Blmey k Cn) hnte~u-| rity. Dec. NEW YORK PRODUCE. NEW YORK. March 9 (P.—Eggs. firmer. 15, xed colors: prices un- Cheese. '338560: NPm wnd hac no REICHSBANK STATEMENT. BERLIN. March 0 (P~ The Relchsbank statement "l arch’ 8 (in thousands of reichsmarks) Notes in tior 195 Gold, 67 SHO: “Ictease: :nrrrnc{ rererves. Bb4s. " (nCreass. Qiner bills of exchange and checks 4. 515,- 29 Other daily~ma- tnrln. Obiiuntions, 650205 decrease, 135 nces, 51.254: decrzne 80.484. 217.541: decreas 4.2 Ratio of &old and foreign currencies {6 notes, 1.6 per cent. Rate of discount. 4 per PHILADELPHIA PRODUCE. PHILADELPHIA. March 0 P Live poultry—Brolers. reds. 22a23; ducks mixed colors. Sa16” Dreased poultry un RUBBER FUTURES. NEW YORK, March o (#).—Crude rub- ber futures opened barely steady, 14 to 10 lower. March unauoted; May, 22.56-¥ Lowest Rates Possitle . Take Any B 1tb and Unredeemed Pledges For Sale Leaving Ave. THE ONLY THROUGH SERVICE TO CHICAGO Convenient, fast Douglas service' to Chicago. No changing planes. Delicious hot meals are served FIHST-ELASSV 1IN HIGH-SPEED DOUGLAS AIRLINERS All over the country, you hear more people mention the refreshing mild- ness and the pleasing taste and aroma of Chesterfield cigarettes. You hear somebody compliment Chesterfields at a party. Another time, the grocer tells you it’s a darn good cigarette. Or you see a group of men on a street corner, most of ’em smoking Chesterfields. Because they have what smokers like, Chesterfields are humming right along . . . PLAN TO ORGANIZE RAIL BOND GROUP By the Associated Press. Examiner J. V. Walsh of the Inter- state Commerce Commission had un- der advisement today an application by E. Stanley Glines, W. Rodman Peabody and J. Hambleton Ober to act as a bondholders’ protective com- mittee in the St. y-ouis Southwestern Co.’s reorganization proceedings. Glines, who is in the investment business 1n New York, would be chair- man of the committee if the applica- tion were approved by the commis- sion. Peabody is a Boston lawyer and banker, and Ober 2 Batimore banker. “Wipe out corrupt politics and you can smash gangdom... It has been done elsewhere. It can be done in this city!” —~GEORGE E. Q. JOHNSON Former U. S. District Attorney, Prosecutor of Al Capone Every right-thinking citizen should read Mr. Johnson’s challenge to law and order —this coming week-end.