Evening Star Newspaper, May 29, 1937, Page 4

T A4 wax VOTELESS PLIGHT ON TAXES CITED Burroughs Citizens Oppose Thrusting of Added Burden on D. C. Imposition of any additional taxes on the ‘voteless and unrepresented citizens of the District of Columbia” was opposed last night by the Bur- roughs Citizens’ Association. Adopting a resolution introduced by Kenneth P. Armstrong, the citi- zens requested that Congress “either obey its own law requiring the pay- ment by the Federal Government of THE EVEN “Black Roller” Duststorm I-fits New Mexico Town NG STAR, WASHINGTON, D. C, SATURDAY, MAY 29, 1937 REVIEW SHOWS UPTURN IN TRADE Dun & Bradstreet Pictures Broadening Demand in Leading Cities. E3 the Associated Press. NEW YORK, May 20.—Tabloid re- view of business, reported by Dun & Bradstreet, Inc., in the four divisions of wholesale and jobbing, retail trade, manufacturing and industry, and col- lections. This week compared with the corresponding period last year. Active (a) fair (f) means equal to good (g); above, quiet (5) slow (s) WASHINGTON GAS EARNINGS JUMP April Net Shows Increase of $51,221 Over Total for 1936 Month. BY HAROLD ROGERS. Net income of the Washington Gas Light Co. showed the substantial in- crease of $51,221 in April, as compared with the same month last year, ac- cording to the monthly report of the company filed late yesterday with the Public Utllities Commission. For the first four months of this REAL ESTATE LOANS RESIDENCE and 5% SMALL BUSINESS FRED T. NESBIT PROPERTIES. 1010 VERMONT AVE. DISTRICT $39% Mortgage Loans Business Proper $25,000 or Over Residence Property Up to $20,000 Attractive Amortization Plans to Suit Individual Requirements 40 per cent of the District budget or to return the government to its citizens so they may levy their own year net income dropped off, however, from $593,535 for the first four months of 1936 to $540,968 for the similar Low Rate of Interest District, Nearby Md. end Va. below last year. . Mfg. Col. Baltimore taxes and make their own disposi- tion of the receipts from the tax levies.” If the substantive law requiring the Federal Government to pay 40 per cent of the local taxes were carried out, the resolution declared, there would be a surplus of funds and no new taxes would be necessary. Anti-American Principle Charged. ‘The levying of taxes by a body in which the taxpayers are unrepresented | is “contrary to the fundamental prin- ciples of the American Government,” Armstrong cited. The association tabled a resolution approved by its Executive Committee | relative to the recent report of the! Washington Criminal Justice Asso- | ciation and adopted instead a report submitted by Paul Jamieson, chairman | of the group’s Law and Legislation | Committee. Jamieson's report said there was no serious gang problem here, that crim- | inal cases were brough to trial prompt- ly, and that in relation to other cities “political pressure” in the National Capital was small. Jamieson assert- ed that “all in all, we have a clean police department,” adding he had found the Criminal Court dockets “more up to date than ever.” The Executive Committee’s resolu- tion expressed the opinion the Justice | association's purpose was ‘‘meritori= ous” but belleved its purpose “futile” until such a time as the citizens of the District have control “of such affairs.” The citizeins directed a letter be gent Traffic Director William A. Van Duzer asserting the association “does not object” to the routing of trucks over Rhode Island avenue northeast | and on Eastern aveue northeast be- tween Queen Chapel and Bladens- burg roads. Opposition to abolition of the Dis- trict Receiving Home was expressed in a resolution adopted, which asked that Congress appropriate funds for improvement of the institution. The transfer of controlling funds from the Playground Department of the Community Center Department was opposed in another resolution. Louis F. Kreek, vice president, and Warren Willner, secretary, officiated at the meeting in Burroughs School during the absence of President Rob- ert M. Furniss. Resettlement (Continued from First Page.) the old Justified. They claim that Senator Byrd's| estimates were altogether too high‘ anyway—although admittedly the | costs of the work already completed have been high compared to what might have been accomplished on a strict business basis. It has been a | ‘case, they maintain, of mixing busi- | ness and relief, with a very large item to be charged directly against relief. The Resettlement Administration, its officials claim, never went into the | Blue Ridge foothills with the idea of providing a demonstration of cheap, | efficient building. It took over a job | estimates of costs are not Southwest dust bowl. moment later the city was in This “black roller” duststorm, rushing toward Clayton, N. Mezx., was one of the worst ever to strike that portion of the The picture was taken by an amateur photographer last Friday evening, shortly before dusk, and a darkness. Arrival of the photo cludes management, maintenance charges, etc., probably would amount to 6 per cent more. This runs the whole close to $3,500. Above and beyond this is the fur- nishing of a water system—admitted- ly very expensive. Nobody knows how much it will cost, but the pres- ent estimate is $500 per house. Granting that this is all, which Sen- ator Byrd does not, the cost of one of the Ida Valley set-ups will run about $4,000. This is according to the new plans, regardless of anything that may have been talked about before or for which budget authorization was obtained. The water system, the Resettlement Administration claims, cannot be charged entirely to its responsibility. When it took over the proposition from the old Subsistence Homesteads it proposed the much cheaper digging of wells. The Virginia Department of Health, it claims, objected against this on the grounds that the water would be highly insanitary. Stocking of Farms by Loans. No account- has yet been taken of | the furnishing of the houses and | stocking of the farmsteads, as Sena- tory Byrd evidently considered in run- ning the costs above $6,000. This will be an entirely different sort of charge, the Resettlement Administra- tion holds. Money will be loaned to a family just as it would be loaned to any other farmer. If will, of course, be a charge on the tenant, which he himself—unfamiliar with intricacies of bookkeeping—may find it hard to differentiate from payments on the property. Now Resettlement Administration | engineers admit frankly that $4,000 is a lot of money to have spent on one of these farmsteads—if one con- | josition. Supposing somebody — for such a home and arranged with a private contractor to build it. He probably would pay $500 for the land. It is close to a basic price, | although here there is some disagree- ment between Senator Byrd's figures and those of the Resettlemeint Ad- ministration. get a builder to put up the buildings for a lot less than $2,500—probably for $1,000. A well would have cost $250. Incidentals might have run it to $250 more—assuming that rigid economy was practiced. Then there would be such things as legal costs. Relief Labor Difficulties. Now, they claim, the Government was working under difficulties which encountered. forced upon it to provide homes for | mountaineer families and at the same | time provide work for local labor. It | was hedged about with all sorts of | restrictions which never would have | concerned the private contractor. Only one of the projects is close | to completion—that in the Ida Val. ley near Luray. It is unfair, they| ¢laim, to judge what will be done in the future on this, which was | started by Subsistence Homesteads. | When the Resettlement Administra- tion took it over it did not like the | plans, but to junk everything that | had been done and start all over | again would have been considered the height of inefficiency. Claim Looks Belie Facts. | It is willing, however, to take any | blame that attaches to the project, | which admittedly looks pretty ter- | rible to the superficial observer. The Resettlement officials claim that it really is not so bad as it looks. In Senator Byrd's complaint to Secretary Wallace it was claimed that the cost of the farmsteads would run from $6,000 to close to $10,000. Re- settlement denies this, and also de- nies that it has expended any un- Justifiable sums on such overhead as would come under the general head of “surveying.” The circumstances were such, however, that it was obliged to spend considerably more on this sort of work than any private contrator would have done. Now there are to be no community houses and no expensive hydroelectric projects, such as were proposed at first, and which might have run the costs pretty high. This was all at- tended to when Becretary Wallace ordered the projects pare down to the bone. Here are the figures on the Ida Valley project as furnished by the Resettlement Administration: Land, $10,000, or approximately $500 a homestead. Buildings, $51,835, or approximate- ly $2,500 a homestead. ‘The sum represents the basic cost directly chargeable to the project at present—that is, $3,000 a homestead. Admittedly this is not all, but the bookkeeping gets rather complicated. That great miscellany to be classed under “overhead,” Resettlement offi- cials say, is not split down for the separate projects, but is lumped to- gether for the whole Shenandoah homesteads project, including some settlements on which work has hardly been started. To have kept separate books for each project, they insist, would have greatly increased that very “overhead” which is complained of. Extraneous Costs Figured. Roughly, they calculate the cost of one set of items, including general surveying, mapping, locating of houses, legal work connected with clearing of titles, general engineer- ing, architecture, planning, amounts to about 6 per cent of the total. Some of this has been handled in Washington, some on the site. Another set of items, which in- A etc., { 3 labor. This was not so efficlent as private labor, although here no great differential is charged. But it had to be paid, whether or no. When a delay of a few weeks occurred the | private contractor could have laid off | his help. The Government could ot. A certain proportion of skilled nd unskilled labor had to be main- tained regardless of the need at any particular time. Altogether, the Resettlement Ad- ministration says, this is a very ex- pensive way to build, if the labor cost is to be charged on a straight business basis. But if it is to be credited to straight relief, then it can be considered as money which the Government would have to have expended anyway and is an unfair charge against the houses. It is also true, they admit, that it might have been possible to have bought just as good farms, or better, throughout the country for less money. But under the agreement between the Federal Government and the State the mountaineers were to be settled in the same counties where they now lived. Under these circum- stances there were very few cheap farms available. Still another justification put for- ward is that the mountaineers can- not be considered as experienced farmers, able to settle down in a new Place and meke their own way in the new environment. They need subsidizing. They probably will need 8 lot of nursing along. And for hav- ing a sociological program no apolo- giebss are offered—not even for bath- ubs. V. C. CHEMICAL VOTES PREFERRED DIVIDEND By the Associated Press. NEW YORK, May 29.—Directors of Virginia-Carolina Chemical Corp. yes- terday declared a dividend of $1.50 on 6 per cent participating preferred stock. The dividend s to be applied to arrears, which amount, after this payment, to $53.50 a share. TN U. S. TREASURY POSITION. By the Associated Press. © $1.759,- for ' the year (since expenattures. of expenditures. $2.368.434.870.71: gross debt. _$35.206.622.148.25. & decrease of $23.570.74 under the previous day: gold asse! $11.978.435.118.74, inciuding 3,520.35 of inactive wold. NEW ORLEANS COTTON. NEW ORLEANS, May 20 (®.—Cotton futures closed steady, unchanged to 2 points jown. "ot oli_closed “steady: prime Summer veliow. 9. grude nominal 9.38b; October, Janusry, 9.29b. siders it as a private business prop- | whatever strange reason—wanted Just' Admittedly he could no private contractor would have | It had to use relief | Asserting municipal finances are in such a perilous state “that it is im- possible to grant additional funds for relief,” Board of Trade officials today urged disapproval of the request for an additional $1,000,000 for relief to employables during the next fiscal year. ‘Testifying at hearings yesterday on the 1938 District supply bill, Robert J. Cottrell, executive secretary of the board, and William H. Press, his as- sistant, told the Senate subcommit- tee handling the measure that the board's examination of employment and wage statistics indicates the time has come when a movement ‘“‘toward gradual elimination of relief to all employables in favor of a return to normalcy” should be well under way. Tell of Relief Findings. In an exhaustive study of the relief situation in the District, the wit- nesses said, the board found: 1. Expenditures for “aid to the needy” have increased nine-fold in 10 years while population has in- creased only 32 per cent. 2. Expenditures by the Public Wel- fare Board for charities, corrections and hospitals have expanded to such an extent that other functions of the municipality “are in serious danger of suffering abnormal curtailments due to the larger proportion of budget funds which are being used by it.” 3. Washington has consistently ex- pended a greater portion of its funds for welfare activities than have other cities of comparable size. 4. Slight reductions in expenditures for relief during recent months have not equaled the amount which could be expected on the basis of cases cared for. It is apparent that re- lief “standards of living” are increas- ing “and that trend is, we believe, undesirable.” Costs Greater in Recovery. 5. Expenditures for the needy dur- ing the prosperous years of 1935, 1936 and 1937 were nearly three times as large as they were in the depres- slon years of 1932, 1933 and 1934. €. The number of gainfully em- ployed persons now compared with the number in 1933 gives every evi- suggests that a much emaller case load should be carried. 7. On the basis of all statistics and studies examined, there should not be any necessity for increased relief expenditures during the coming fiscal year. The board made several recom- mendations concerning the future handling of relief in Washington. “All persons eligible for social se- curity benefits should be promptly Washington Produce BUTTER—D2 s Ys-pound prints, pound prints, are. 1-pound prints. 85 i tub. 34 90 score. Ya-pound prints, 35: MEATS—Choice beef. 18a19: calves. 158 £ veal 16: Spring lamb, 24: Fall lamb. ork, 23; fresh : sliced bacon, pound, 13%: 2R frozen 3 ard, 14, LIVE STOCK—Pigs. 9a9%: lisht hogs. 0%al0: mediums. 1081013 220-260 pounds. 912a10: heavies. 912a0%: sows, 7YaaR: stags. 486: calves. 6.5089.50. Prices paid shippers—net f. 0. b. Wash- ington. By the United St Bureau of Agricultural Economics: EGGS—Market _about changed prices. ted cents; U. 8. ex- U. 8. standards, cents. T POULTRY—Market _ unsettled. Pri minal. ~ Fowl—Colore 16 to 17, a few ‘at 18: Leghe roosters '10. Chicken Rocks, Virginia. 23 to 24. a few af to Delaware."21% to 22%; Leghorns. two founds. 18 ‘to10: less’ than two pounds. 16 to 17. Turkeys—Old hens, 16 to 17; old toms. 13 to 14. t 24 Japan Backs Mine. ‘Tremendous development of the Japanese iron and steel industry and the urgent need of oversea sources.of supply have caused the Nippon Min- ing Co. of Tokio to back an Australian operating company at Yampi Sound, Western Australia. The Japanese cor- Poration will take the entire output, it is stated at Sydney. —— FOREIGN EXCHANGES. NEW YORK. May 28 () —Foreln exchange easy: Great Britain in dollars, others in_cents. 5 Denma; ,19: Switzerland, 22.8 Portugal 4.49%: ~Gre 1897; Czechosiovakia. Austria, 18.75n; Rumania. 7 880%n: “Tokio, Hongkong. 30.58: M Montreal 'in” New York York in Montreal. 99.93 n—Nominal. al ece. 91: Pol Go: Jusosl CHEESE QUOTATIONS. PLYMOUTH, Wis., May 29 (/.—Cheese guotations for the week: Wisconsin Cheese xchange. : cheddars, 1415 cents. . cheddars, 14% cents: horns, 15% cents: no twins. MONTREAL SILVER. MONTREAL. May 20 (®.—S8ilver fu- December, 44.50b. &—8id. = A { dence of normal conditions and also | in Denver was delayed because the photographer believed it was “nothing unusual” and neglected to have it developed and printed until several days after the storm. —Copyright, A. P. Wirephoto. D. C. Employable Relief Cut Is Urge by Board of Trade Officials of Organization Cite Findings at Hearings Recommending Course Requiring Return to Jobs. certified and placed in that cate- gory,” the subcommittee was told. “Limitations causing exclusion of employables from benefits of local Public Assistance Division relief should be removed from the appro- priation bill giving the Public Assist- ance Division authority to make grants where the need is greatest. Closer Co-operation Suggested. “Much closer co-operation between the Public Assistance Division, the ‘Works Progress Administration and the Public Employment Service should be developed. The employ- ment service has demonstrated its ability to place the unemployed in Jobs. The W. P. A. has funds and the proper outlook to provide tem- porary work for employables. The Public Assistance Division should cer- tity only usable employables to W. P. A. If the Public Employment Cen- ter will concentrate on placing re- lief workers and persons who have been in Washington & year or more the effect would be a diminuation of the relief load and discouragement to immigration. “Emphasis should be placed on keeping new cases off relief and get- ting relief cases in private employ- ment. Some small hardship may re- sult from such action, but temporary measures can be provided. It is only through such action that the ma- jority of those now on relief will be Jarred loose and again placed in use- ful employment. With this action will come a compensating increased activity in private work now being done by relief labor and private labor will enjoy an increase. Advises Free Hand in Cutting. “We recommend the removal or en- largement of the specified percent- age of District of Columbia relief ap- propriation available for personnel. We favor giving the Public Assistance Division as much latitude as possible with specific instructions to use ap- propriated funds in any way they see it 30 long as & much-needed reduc- tion in the relief load is brought about. “We recommend that the Public Assistance Division be given a free hand and instructions to place re- lief on & saner basis and report prog- ress to Congress after the opening of the new session in January. If eco- nomic conditions at that time are | such that more money is legitimately needed, we shall be happy to back their request. If, on the other hand, Teasonable progress toward the proper solution of relief conditions in Wash- ington has not been made, the Board of Trade will endeavor to have steps taken to accomplish that objective.” CHICAGO GRAIN By the Associated Press. CHICAGO, May 29.—Scattered rains through the domestic grain belt, with liberal moisture in some 8pring wheat areas where most needed, were ac- companied by declines of 1 to almost 2 cents a bushel in wheat prices today. Liquidation sources and to long adjusting hold- ings for the double holiday dropped July wheat early to 1.14Y, and Sep- tember to 1.12%, from which point only transient fractional rallies took o | place. Improved crop conditions and the movement of new domestic wheat to market tended for the time being to overshadow current and prospective wheat needs at home and abroad, traders said. Demand for United States wheat promises to be an im- portant market factor soon, they said, considering the favorable relationship of prices here and at Liverpool. Can- ada and this country will be the chief source of supplies until next year and domestic wheat for export will be available weeks before Canadian har- vest begins. Germany was understood to have purchased three or four cargoes of Canadian wheat overnight and Spain also was a reported buyer. Canadian export business was estimated at 500,- 000 to 600,000 bushels. July corn fell more than 2 cents at one stage, while deferred contracts lost more than & cent. Unloading of for- eign corn here continued and cash markets were weak. Rye dropped | firing. attributed to Eastern H ‘Tod: LANDLADY SLAIN: ROOMER ACCUSED Rooming House Operator’s Sister Wounded in Fusil- lade of Shots. By the Associated Press. NARROWS, Va, May 29.—James Fillinger, 37-year-old electrician, was in the Giles County Jail at Pearisburg today, charged with the murder here last night of Mrs. Lula Corvin, 37, di- vorcee, and malicious wounding of her sister, Miss Alma Carter Commonwealth's Attorney J. L. Dil- low, who investigated the killing, said today that Fillinger shot the two wom- en as they lay in bed together at Mrs. Corvin's home. Fillinger, who roomed at the Corvin home, emptied | & .38 caliber revolver at the women, several bullets striking Mrs. Corvin and one wounding Miss Carter in the left thigh, the commonwealth’s at- torney said Mrs. Corvin was dead when Dr. E. S. Carr, summoned by members of her family, arrived. Dillow said he learned that Fillinger had become enraged in an argument over his supper. The accused slayer, he said, came home near midnight and entered the room in which Mrs. Corvin, her two sisters, Misses Alma and Marie Carter, and her daughter Virginia, 22, were sleeping. Fillinger left the woman's room, he said, and went to his own, procured a loaded pistol and returned to the women's sleeping quarters. The women begged Fillinger to put y the pistol, the Common- wealth's attorney said, and urged him to go to bed. Fillinger left the house for a few minutes, the prosecutor said he was told, and then returned to the women's room. Mrs. Corvin, her daughter and her sister Alma had gotten into the same bed, Dil- low said, while Miss Marie Carter had left the room. Fillinger, the Commonwealth’s at- torney said, lit a match in order to locate Mrs. Corvin, and then started After the shooting, Dillow said, he threatened the women with the pistol and prevented their sum- moning officers or medical assistance for some time. THE WEATHER District of Columbia—Fair tonight and tomorrow; slightly warmer to- morrow; Monday mostly cloudy; show= ers Monday afternoon or night; gentle northeast and east winds, becoming southerly tomorrow. Maryland and Virginia—Fair tonight and tomorrow; slightly warmer in the interior tomorrow; Monday mostly cloudy; showers Monday afternoon or night. West Virginia—Fair tonight and to- MOITOW; warmer tomorrow; Monday showers, River Report. Potomac and Shenandoah Rivers clear today. Report for Last 24 Hours, Temperature. Barometer. Yesterd: Dets; Inches. 4 p. 29.80 2082 3984 R oz (From noon yesterday to noon today.) Highest, 83, at 3:15 p.m. yesterday. Year ago,’ 69 west, 64, at 6:30 a.m. today. Year g0, 44. Record Temperatures This Year. Highest. 93. on_April 18, Lowest." 19. on February 28. Humidity for Last 24 Hours, (From noon yesterday to noon today.) Highest, 89 per cent, at 4 p.m. yester- day. Lowest, 56 per cent, at noon today. (Furnished by United State; Geodetic Surveyy oot snd ‘Tomorrow. High . 11:06 a.m; Low m. 535 am. fish 11 m. w The Sun and Moon. Rises. jun. today S 4 un. tomorrow __ 4:45 Moon, " today 1046 p.m. a.m. Automobile lights must be turned on one-half hour after sunset. Precipitation. Monthly precipitation in inches in the Capital (current month to date): Month. about 2 cents with wheat, but oats|July showed only a fractional decline. Provisions were uneven. Around midsession wheat was 1%- 11, lower, compared *'‘h yesterday’s finish, July, 1.1454; September, 1.123}, and corn was %-1% off, July, 1.24%; September, 1.113. MOST U. S. MARKETS CLOSED FOR HOLIDAY By the Associated Press. NEW YORK, May 29.—Most of the leading security markets of the country were closed today and an even greater number will be idle Monday in ob- servance of Memorial day. Commodity markets, in most cases, were open as | I usual today, but planned to darken their on Mondsy. Weather in Various Cities. Temp. Rain- Stations. Baro. H'h. Low.1all. Weath’r Abilene, Tex. _'20.68 88 70 ___ Albany,’ N. i 56 Z_Z Atlanta, Ga Atlantic_City Baltimore, Md. Birmingham Bismarck, N. D, Boston, Mass. flalo, N. Y. Chicago Cleveland Detroit Kansas City. Louisville Pittsburgh St. Louis Youngstown _ Comments. BALTIMORE. — Consumer buying continued to broaden under the stimulus of wafmer weather. With clothing, sportswear, furniture and refrigerators leading, retail sales went 10 to 16 per cent over last year's. Summer goods bulked largest in heav- ier wholesale volume. Factory oper- ations close to year’s peak rate. In- dustrial construction for first four months up 200 per cent from 1936 | comparative total. CHICAGO.—Rapid upswing toward close of week sent retail sales 14 to 20 per cent over the 1936 total; in- terest widened in vacation and Sum- mer goods. Wholesale orders larger by 12 to 18 per cent. Steel rate ad- vanced 1.6 points to 856 per cent of capacity, & new recovery peak. Hogs reached eight-year Spring top; some wards closed runs, because of lack of receipts. May corn soared to highest price in 12 years. CLEPELAND.—Lake movement of coal and fron ore to set a new record this season. No recession 1a indus- trial operations indicated fur sev- eral months. Steel mills to hold near current rate until end of July. Pro-| duction of automobile parts, materials | and tools at new weekly peak. Rise | in retail sales started to widen: total 15 to 22 per cent ahead of 1936 week. Marked reduction in stocks of men's QRQQQQQQQ > >>> QHQAQ”ARQQ DETROIT.—With the factory em-l] ployment index only 7 points under | all-time high of 1929, improved pur- | | chasing power lifted retail sales 15 to 20 per cent over last years.| Wholesale orders about 25 per cent | ahead of 1936 total despite labor un- rest, production schedules raised in most industries. Strikes reduced au- tomobile assemblies to 137,490 units from 140,396 (revised) a week earlier; | comparative 1936 total was 109,821. KANSAS CITY.—Instead of a de- cline, as in the week preceding, re- tail sales increased enough to ex- ceed last year’s by 3 to 6 per cent. More orders from country merchants for dry goods and apparel enlarged | wholesale volume by 7 to 12 per cent. | Further production increase in metal | trades; some scarcity of skilled work- | | men. Early crop conditions more favorable than in years. | LOUISVILLE—Promotions and bet- ter demand for Summer wear carried | retail sales 12 to 30 per cent over last | year's; shoes and millinery least ac- | tive. With the smallest gains in dry goods and notions, wholesale volume Was up 15 to 25 per cent from 1936. Output in some industries nearly | double that of May a year ago. In- crease in factory pay rolls over 1936 from 3 to 18 per cent. PITTSBURGH—Heavy pay rolls benefiting retall distribution, which averaged 12 to 25 per cent larger than year ago. Labor unrest has not dis- turbed industrial working schedules to any extent, as yet. Repair shut-downs reduced steel rate 2 points to 93.5 per cent of capacity; steel scrap price low- ered. Deliveries of plate and window glass still slow. Few orders to coal | brokers. due to surplus supplies ac- | cumulated during March. ST. T.OUIS — Favorable weather chiefly responsible for advancing re- tail sales 10 to 18 per cent from 1936 total. More orders from country merchants widened wholesale volume spread to 20 per cent. Delayed Spring plowing being rushed; larger acreage planted than year ago. Recurrence of strikes interrupted industrial prog- Tess; unaffected divisions at high rate. Shoe factories busy. Output of build- ing supplies increased. YOUNGSTOWN — Uptrend ex- tended in bank clearings, postal re- ceipts, building permits and employ- ment. As shipments continued to ex- ceed new business, steel operations at beginning of week were lowered to 79 per cent of capacity, a drop of 4 points. Tin plate makers running above ca- pacity rate. Retail sales ger for week, but gain over 1936 was un- changed at 15 to 25 per cent. LARGE INCREASE SEEN IN EXCESS RESERVES By the Associated Press. NEW YORK, May 29.—“Excess” re- serves of Federal Reserve member banks were $30,000,000 higher in the week ended May 26, the Reserve Board's credit statement indicated. The upturn was attributed in finan- cial circles to the drop in Treasury deposits. Reserves above the legal minimum of members compared as follows: | Week ended May 26, $940,000,000; previous week, $910,000.000: same pe- riod last ye: $2,901,000,000. Money for Consncfion Loans an Loans on Existing Properties FIRSE DEED O%IVIT ONLY GEORGEL. BORGER 643 Indiana Ave. N.W. N 5% INTEREST GOHSTIIIIG:?II LOANS A STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation and women's apparel. |4 period this year, a decrease of $52,567. Operating revenues were $717,574 for the month of April, compared with $642,399 for the same month last year, an increase of $75,175 as a result of 15 per cent more gas sold. Operating expenses also increased from $479,515 in April, 1936, to $502,- 664 in April this year, an increase of | $23,149 due to the larger volume of gas produced and the greater number | of customers served. The net result | of the month’s 8peration after all de- ductions was a net income of $136,977 an increase of $51,221 despite in- creased charges of $13,616 for taxes and $1,601 for the retirement of prop- | erty. This favorable showing in April brings the net income for the first four months of the current year up to $540,968. The company reports an increase of 15 per cent in gas sales from 893 | million cubic feet in April, 1936, to 1,030 million cubic feet in April mu\ year. The 145270 meters in service | at the end of the month also indi- | cates a healthy growth, this figure | representing an increase of 7477 meters since the end of April last year. | The Washington Stock Exchange was closed today and will be closed | also Monday for the official Memorial | holida: | Robert Peddicord 1713 K St., N.W. DI. 0010 Office Mours—0-13 First Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eve St. N\W. Phone NA. 2181 Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 First MorTcace Loans District of Columbia, Nearby Maryland and Virginia 5% Terms from 3 to 15 years Also Monthly Payment Loans RANDALL H.HAGNER & COMPANY INCORPORATED Homes Apartments Business Properties MORTGAGE LOAN CORRE SRONDENT 1321 Connecticut Ave. N.W. Telephone: DEcatur 3600 Property Management Automobile Insurance Our Property Management Depart- ment has charge of many of ‘Washington’s largest apartment houses, ag well as residential prop- erties. It's experienced service is rendered at an interestingly nomi- nal fee, B. F. SAUL CO. REAL ESTATE APARTMENT AND HOUSE MANAGEMENT 925 15th St. N.W. National 2100 Facing McPherson Square Consider These Facts When You Wish To Arrange A RIEAL BESTATE LOAN on improved or to be improved real estate— as low as » .50 per thousand per month PERPETUAL Building Association is the largest in Washington, and one of theleadersintheentire United States. PERPETUAL has over 85,000 bor- rowing and savings members. PERPETUAL'S Board of Directors keep in close contact with the officers and materially a t in including interest and the speedy handling of loans. curtail . . . No commis- sions . . . No renewal fees. Lot us help you solve your problem with a Perpetual loan. PERPETUAL'S regular examinations by the U. S. Treasury Dept. are sup- plemented by special C.P.A. audits as well as its own Auditing etaff. PERPETUAL has always had a rep- utation for sound, fair appraisals. Over 200 borrowers per month were advanced loans last year, totaling over $12.000 000 for the year. PERPETUAL BUILDING ASSOCIATION 11th & ESTREETS, N.W. ESTABLISHED 1881 Largest In Washington—Assets Over $43,000,000 ARTHUR G. BISHOP MARVIN A. CUSTIS EDWARD C. BALTZ Chalrman of The Board President Secretary 1610 K 88 N.W. NAWL. 1403