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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
May 03, 1938
Page
7
Seaplanes were sent today in an air search for the Chilean passenger steamer Magallanes 1150 tons. The vessel carried a crew and an undisclosed number of passengers and had not been heard from since sending an SOS.
The Treasury said the federal deficit reached 1,270,670,707 dollars in the first ten months of the fiscal year, compared with 2,154,685,287 dollars a year earlier. Budget estimates forecast the shortfall to widen to about 1,544,000,000 dollars in the final two months.
At Hendaye near the Spanish frontier Generalissimo Francisco Franco's veteran Castillians reportedly widened a break in government lines east of Teruel. Reinforcements arrived through the mud as rains paused, and the rebels pushed forward along Sierra de la Lastra river valleys, gaining nine miles by nightfall.
The U S Court of Appeals issued a temporary injunction barring the National Labor Relations Board from further action in its order against Republic Steel. A hearing set for May 13 will decide whether the board should certify its full testimony record in the case. The board had held Republic Steel in violation of the Wagner Act and ordered reinstatement of 5,000 workers and recognition of the CIO.
A cave-in in the Montibello water tunnel trapped ten workers 200 feet below ground in Baltimore. They were clearing blasted rock when a mass fell behind them, blocking their escape until rescuers created an opening through the rock mass. An estimated 150 tons of rock fell.
Celanese Corporation of America reports net income for the quarter ended March 31 at 114,274 dollars, down from 1,748,828 dollars in the previous year. The figure is after covering all charges including 368,904 dollars for depreciation.
Philadelphia papers announce a price increase from two to three cents effective next Monday due to higher production costs. Clarke County School Board calls all outstanding refunding serial school bonds maturing 1938–1943 for payment June 1 1938 at the Clarke County Treasurer's office Berryville Virginia.
Baltimore and Philadelphia price reports show little change in poultry and eggs with steady to lower livestock values. Cattle and hog markets in Baltimore Chicago reflect soft demand, with top hogs at 8.25 and cattle mostly steady to weak, lambs uneven but generally softer than week prior.
Readable market listings show prices for bags of corn meal and mixed feed, with per bag and per hundredweight rates. Entries include shelled corn and cracked corn, plus various feed mixes and eggs, though some lines are garbled.
In New York May 3 stocks recouped about two points from losses as buyers reemerged after a slow morning. Activity rose with about 600000 shares traded and sectors like aircrafts copper utilities and motors leading the rebound while rails stalled.
Emile E C Mathis and Alexander Wennergren plan a new rear radial motor car selling for 500 dollars or less. The model aims to travel 50 to 60 miles per gallon with seven to nine cylinders and a top speed around 50 mph.
The Rt Rev George W Davenport bishop of the Diocese of Easton announced his impending resignation at the 70th annual convention in Salisbury Maryland at St Peters Protestant Episcopal Church He has served 45 years in the ministry and 18 in the episcopacy and reviewed the diocese’s work since his advent.
Chicago May 3 Wheat advanced two cents late, after a four year low price. May contracts expected delivery on boats, with upturns lifting prices. Cash grain reports show No 3 red wheat around 80 and corn around 58, while soybeans reach near 91.
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