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The Baltimore Sun from Baltimore, Maryland • 11

Publication:
The Baltimore Suni
Location:
Baltimore, Maryland
Issue Date:
Page:
11
Extracted Article Text (OCR)

11 Three Jetvs Killed In New Scientists Study Island ITALIANS IN LEAD TOKYO SENDS 5,000 i DAILY UP YANGTZE velt's party, while the Chief Executive added to his laurels as a fkherman. An exploration party headed by Prof. Waldo Schmitt, of the Smithsonian Institution, brought bags and tubs filled with bird, animal and marine specimens back to the Houston from the low-lying, volcanic island. Meanwhile, President Roosevelt had great luck in a five-hour fishing expedition in ono of the Houston's launches. He and those with him returned with five sharks, one measuring six feet in length, and a catch cf other fish so heavy it had to be hoisted aboard by the ship's crane.

There was not room in the Houston's refrigerators to hold all the fish. British Steel Affords Problem In Monopoly Delivery Of Large Concern Into Hands Of 'Competitors Throws Light On Situation Of World-Wide Effect This is the second in a series of two articles on British parallels to two current American issues: the TV A investigation and the anti-monopoly investigation. By TAIL W. WARD London Bureau of The Sun. can continuous-strip mill for the pro Disorders In Palestine Band Of Twenty Down From Hills On Well-Boring Gang Near Dead Sea Jerusalem, July 21 (JV) Three Jews were killed and two wounded tonight when a band of twenty hillmen swooped down on a well-boring gang encamped on the western shore of the Dead Sea.

The band robbed the camp armory and escaped in the Judcan wilderness under cover of darkness. Another band entered Nablus and killed the head man of a nearby Arab village, who was sitting in a cafe. A Jewish watchman guarding vineyards south Haifa, focus of Arab-Jewish disorders, was ambushed and killed. French Miners End Strike Valenciennes, France, July 21 A day-old strike of 15,000 miners ended today when the Coal Workers Union accepted temporary settlement of a dispute arising from the dismissal of one of its members. The Anzin Valley Mine Company, owners of the extensive operations, agreed to lighten the dismissal order against the individual worker to a three-month layoff.

I you have nwl for a spmai rfrwlun I'lwe of furnlturn either turn either i particular 1 I rled with It anyordwa. I will rail to I estimates. I to match or fit In noma particular par, rotihaat are enulptiert efficient farllltlestoexeciitf Our Consultant DnnlKiier submit aketchea and without obligation. Write or I'hone Vi'- con OK7H. rJpetlal Order Dept.

mt. isnz 40 year POTTH AST N.har!ra St. WINDOW SHADES Mad to Order and leaned COLUMBIA VENETIAN BLINDS App. bu Cooit Jlouffkrrphig Inxtitut Howard E. (Her Harry II.

Tillman AMERICAN SHADE CO. Hit S. Howard HI. VKrnnn 4WU ZJ OF REBEL ADVANCE Two Of Ducc's Brigades Break Through Loyalists Lines Near Yiver Insurgent Troops Arc Close To Town 31 Miles Northwest Of Valencia 33 Women, Children Die In Air Raid Valencia, July 21 The Spanish Government press agency reported today that thirty-three women, children and aged had been killed by a single bomb during an Insurgent air raid on the Teruel-Sagunto road. By the Associated Press Hendaye, France; July 21 Spanish Government war bulletins reported tonight that Italian volunteers fighting with the Insurgents had broken defense lines near Viver, thirty-four miles northwest of Valencia.

Dispatches from Valencia said the attackers were held from entering the town when the defending militiamen laid down a heavy barrage. The bulletins described the Italian brigades in action as the "Littorio" and the "Twenty-third of March." Preceded By Bombardment Their attack, in which they swept over Ragudo Hill, two miles northwest of Viver, was preceded by war-plane and artillery bombardments. Insurgent bulletins said their troops had reached positions a little more than a mile west of Viver. Supporting columns farther west captured Salada Peak at a point where the borders of Teruel, Castellon and Valencia provinces meet. Seventy-five Insurgent planes bombed Government positions on the side of Ragudo Hill before the infantry advanced.

Raise New Barrlcadea Other militiamen meanwhile bad raised new barricades to the east of Viver in an effort to retard the usual Insurgent tactics of encircling a posi tion before occupying it. This strategy became apparent with the capture of a number of villages in the foothills of the Sierra de Espina, followed by occupation of Caudiel important communications center on the Teruel-Sagunto Railroad less than three miles northeast of Viver, Insurgents already had moved on Viver from the west, deploying strong forces in sectors around El Toro and Begis, respectively, lying near the town. TEIBUTE PAID QUEEN MARIE Thousands File Past Body Lying In State In Bucharest Bucharest, Rumania, July 21 (T) Thousands of peasants tonight filed past the catafalque of Queen Marie in Cotroceni Palace. Other thousands arrived on trains from the provinces to pay homage to the Queen, who died Monday after a long illness. Her body was brought today from Sinaia, the royal summer residence where she died, and will lie in state until the funeral Sunday.

9mmm CLIP THIS COUPON PIMPLES External BLACKHEADS Quickly Lmmvm Yoa owl it to yourself and thoa around to clear your fac of "hlckiea" external outbreaks on the akin pimpli blackhead, and other dUnrurina; blomiahen, ia matter what you have tried, or how often you have had thl condition, (et jar of MKUREX OINTMENT, uie it for just three daya if you are not entirely satisfied, return it and the drug. Siat hand bark your money. MKDKKX OINTMENT is aureesnful becausi it contains 8 medicines used by famous skin apecialists in treatment of thousands of cases of uirly pimples, blackheads, blotches and other superfl- ciai sicin raulta. SPECIAL 9e Approtti by Geed Hetukfping I Consider this fact about Gin: For Top-Flight Val ue get into While President Fishes Roosevelt's' Party Catches Five Sharks In Waters Off Mexican Coast Aboard U. S.

S. Houston, En Route to Panama, July 21 (A) Treacherous Clipperton Island, 675 miles off Aca-pulco, Mexico, was examined in the interests of science and navigation today by members of President Roose- A delicious cold drink bo Hied under most exacting sanitary conditions. Always uniform. 100 Neutral Spirits Distilled from Grail) (ESniL T.M.. T.lndmt.

Jareey 1 if BCvAGC vJ Tlit from our Market Dept. Soft Shell Crabs at Market Prkt Spring Lamb Chops loin or lb. 55c Calves Liver lb. 75c Fresh Lima Eeans 15c Corn on Cob x. Ce Hearts of Celery 12e Egg Plant ech 10c Fresh Reck, Trout, Perch or Salmon Trout Market Prices Crab Meat, back fin lb.

85c from our Grocery Dept. You-all French Salad Dressing 6-oz. bottle 2c Blue Seal All White Meat Tuna Vi tin 25c A-1 Sauce for cold cuts, steaks, roasts or chops bottle 27e Crosse Blackwell's Mint Sauce with roast lamb and lamb chops bottle 2Se Hopper-McGaw's Mint Jelly 8-oz. glass 14c Summer Store Hourtf Prepares For Supreme Effort To Break Clmrse Dc- fenses At Kiikiang Drive Against Haikow Held Likely To Be Delayed Until September I IBy the Associate! Press! I Shanghai, July 21-The Japanese (command was reported tonight to be etrengthening its "ttngtze Valley forces at the rate of 5,000 soldiers a day lor a supreme bii delayed effort io shatter the Chinese defenses at Kiu kiang. Foreigners at pointa along the Japanese upriver drive tovard Hankow said Japanese troops had been transported to the front at that rte during the last two weeks, along wiii much artillery, hundreds of horses ind vast supplies.

They expressed bdief the Japanese er massing to tleir utmost above Wuhu, but were lilely to wait for a break in the swelering heat and a lowering of the rier before starting the major offeruie in which they hope to take the provisional capital. Of Floods The Japanese admittedly were afraid If they launched an unreserved drive while the Yangtze remained near flood level that the Chinese would cut dikes and flood the Wuhan cities Hankow, Wuchang and Hanyang and a large area to the east, blocking the advance The Japanese were believed plan-ring to maintain pressure on the defenses at Kiukiang, 13o miles down river from Hankow, until the river recedes, probably in September. The Unitd States river gunboat Oahu, arrivug at Nanking from Wuhu, behind the Japanese spearhead, re ported temperatures in the valley of about 110 cegrees. The heat caused considerable suffering among Chinese civilians anc Japanese soldiers. 30 Hilled By Bombs Japanese airmen pounded the Kiukiang sector site of a cross-river boom in a jontinuing effort to soften the Chines resistance.

Chinese said more than 300 bombs fell near Kiukiang and killed thirty persons. A Japanese naval officer announced that planes sank two Chinese gunboats, a munitions transport and loaded lighters on Tungting Lake, abouv 150 miles up the Yangtze from Hankow. In Shanghai two gunmen entered the xome of Wan Shi-sen, Chinese memler of the Japanese-dominated Shanghai district government, and killed him. One assassin was captured and a series of raids with numerous arresti followed, apparently the result disclosures by the prisoner. I.

S.War Debts Linked British Arms Plan Lords "Told Reduction Possible Be-ciuk Of English Effort To 'Safeguard Petce" London July 21 JPh-Viscount Samuel, Libtral opposition leader, suggested today the United States might be wiling to pare Britain's war debts because of the British Government's rtaggering rearmament program "which is intended to safeguard the peac of the whole world." He told the House of Lords that he mentioned the subject to prevent the idea arisirg in Britain and the United States tha the debts question "is a closed chatter of history." He inteiyjsed, however, that the time was nt propitious to propose any immediate action Involving additional burdens on Britain's burden. "While it 0 of great importance to remove the auses of friction between ourselves and possible enemies, it is important, posUbly more important, to try to remove the causes of friction between ourselres and those who are friends," he sad. Canadian Fishing Resort Wiped Out By Forest Fire Officials Repot Finding Hundreds Of Feet Of Hose Ripped By i Siboteurs Campbell Ri'er, B. July 31 (Canadian Pros) The little fishing resort of Forb Landing went up in flames today a strong northwest wind blew a section of Vancouver Island's forest fire back into the settlement. A hotel in tie center of the fishing ramp, evacuatid three days ago, was destroyed, anc flames burned closer to the Como logging camp, where between thirty and sixty million feet cf cut timber ivere stored.

Forest offieids found hundreds of feet of destroyed hose, ripped, they said, by saboteurs. Two Son: To Share Mrs. Horlick'' Estate Widow Of Malted Milk Fortune Founder Leaves Between Four Aid Five Millions Racine, Wis, Jury 21 (P The two sons of Mrs. Arabella Horlick, widow of the malted milk fortune founder, will share ths bulk of her estate, estimated at between $4,000,000 and 55,000,000., Mrs. Horlicks will, filed for probate today, leaves tie estate of her daughter, Mrs.

Maybelle Horlick Sidley, $200,000. Mrs. Horlicks estate was estimated at $1,750,000. lowever, her husband's will, now in pobate, directed that the palatial Horkk home, valued at $1,000,000, and 52,000,000 go to his widow. James Boosvelt At Campobello Welchpool, 'I.

July 21 (Canadian Press) James Roosevelt, eldest son of President Rcovelt, arrived at Campo bello Island ttday for a vacation of everal weeks He will stay at the cottage of hs grandmother, Mrs. Sara ptlane Rooanclt C00LC5T 5 MLHIBM FOR TUC UOfttST i London, July 13 (By Mail). VENTS of the last few days in the British steel industry indicate that the United Kingdom' offers a problem in monopoly such as that with which governmental commission is strug gling this summer in the United States. Chief among these events was the delivery of a big British steel company into the control of its competitors a delivery aided and abetted by the Chamberlain Government just as that company was about to give Britain the advantage of better and cheaper steel and to gain indisputable ascendancy over its competitors. Another event was a notice, tucked away In the back pages of the financial journals, that the Stanton Iron Works, Britain's biggest producer of foundry pig-iron, had resigned from its trade association because the asso ciation insisted on fixing prices at a level the Stanton company considered too high.

The announcement reiterated a re cent finding of Ben W. Lewis, an Oberlin College professor of eco nomics, who conducted a study of price and production control in Brit ish industry, that "the iron and steel industry, as recently reorganized, is the most completely sclf-cartelized and controlled of any major British industry." Regulation Increasing Professor Lewis, a former NRA ad visory council member, prefaced that dictum on British steel with these re marks on British industry in general "Today, when 'bust the trusts' is once more swelling the American breeze. Britain is gathering speed in the insti tution and development of schemes de signed to regulate prices, production and capacity throughout the entire in dustrial structure. While we have been clamoring for relief from control. Brit ish industrialists have been quietly passing their plates for more and getting it.

"The British Government is leading the movement by precept, example, in ducement and compulsion. The philosophy of control and restriction is finding its most complete expression in the rigid regimentation of the entire range of contemporary British indus try." The case of the steel company being delivered into the hands of its competi tors is merely another example of the part which the current British Government, under Conservative domination, is playing in creating and preserving price rigidities in British industry. World-Wide Effect The corporation involved is Richard Thomas 4 and its plight is of more than national interest, for what' ever restrictions are placed on Rich ard Thomas Co. affect motorists, eaters of canned goods and other con sumers of steel and tinplate through out the world. It is chiefly an exporting company.

In addition it is a member of the international tinplate cartel that met in secret at Baden-Baden this week and extended for three years its com pact for fixing prices and splitting up business in the world's tinplate trade. It also is a member, through the tinplate organization, of the interna tional steel cartel that recently met at Rome and similarly agreed to ex tend for three years its international cartel agreement with certain concessions successfully made to secure the participation of the American steel industry, at which Washington's monopoly investigators soon will be directing their beams. The story of what happened to Rich ard Thomas Co. this week requires a prefatory dip the company's history and a glance at its prospects up until the moment it wa. delivered into the hands of its competHors.

Formed In 1884 ine company, lormed in 1884, con fined its activities strictly to the tin-plate trade prior to the World War when, along with other British steel companies, it embarked on a big expansion program. Unlike the rest, however, It con tinued that expansion in the post-war years, with the result that ever since the war, as the Financial News reports, it has been "one of the great powers in the iron and steel industry." The post-war deflation hit Richard Thomas and all other British steel companies hard, but Richard Thomas was among the first to recover when trade revived. From 1927 onward it reported steadily mounting profits and by the end of 1934 had paid off all its accumulated dividends and rid itself of its arrears, the financial records show. Worse still from the standpoint of its competitors, Richard Thomas re sumed its expansion program almost at the first rift in the depression and it has carried on that program to date. Concern In Good Shape It controlled at the end of 1936 nine per cent, of British steel output and sixteen per cent, of British sheet output.

And despite this rapid expansion, the company by the end of 1936, as the financial journals record, "had cleaned up its balance sheet in good style." That, however, was not to be the end of the expansion program but merely its first stage. Sir William Firth, chairman of Richard Thomas promptly announced a further expansion that would dwarf what had come before. "The (new) program," as the Finan cial News reports, "had two parts. The first was the construction of a brand-new steel works with the new Ameri- duction of sheets and tinplate. "At the same time, they (the direc tors) decided completely to modernize the Redboum (Lincolnshire) steel works.

In the past Redboum had been something of a white elephant to the company. It had been bought in 1918. A huge plant had been built at wartime prices, was not complete until 1921 and was never able to work to capacity. It was a plant, indeed, thst cost the company 2,000,000 more than it should have done and was never properly used." Plan Is Discarded The fact that the company was at last to get its money back out of the Redboum plant by establishing there the cost-slashing continuous strip process imported from America is important because ot what happened next. Richard Thomas Co.

didn get to carry out its plan. Instead, the British Government stepped in and brought pressure to bear that ended in the company scrapping its plans for Redbourn and undertaking to build a whole new plant at Ebbw Vale (pronounced "ebboo in Wales. It was a time when agitation about Britain's "distressed areas" whole regions where industry has been on the rocks ever since the post-war de flationoccupied the center of the political stage. The Government Induced Richard Thomas Co. to make a sacrifice in the cause of patriotism, politics and social welfare.

It persuaded the company to scrap its plans for expanding the Redbourn plant and build instead at Ebbw Vale, a "distressed area." It was a costly change for Richard Thomas. As the financial journals point out, it meant higher operation costs due to shipping charges and the like, and it also meant vastly higher construction costs. The first estimate of the total cost of the new plant was 7,500,000 The bill has come to more than that. And the late 1937 slump in America knooked the bottom out of the world market for the company's output As a result, it found itself recently in acute financial distress. It had to have money to complete its Ebbw Vale project.

It found the British banks a tightly-knit group suddenly unwill ing to help out, and it turned to the Government for-aid. But the Government, which had promoted the Ebbw Vale project and which, under the Trade Facilities Act, had extended financial help to other corporations engaged in expansions for quasi-social purposes, suddenly turned as cold as the banks. It re ferred Richard Thomas Co. to the Bank of England, a privately owned institution that sets the tune for all British finance. Bank To Rescue The Old Lady of Thrcadneedle Street saved Richard Thomas.

"After a long struggle behind the scenes," as the Daily Herald's financial editor reports, "theibig banks and insurance companies agreed to put up the neces sary money on the condition of the establishment of a 'control commit The terms which the Bank of Eng land arranged, and Richard Thomas was obliged to accept, put in charge of the company's affairs a committee headed by Montagu Norman, Bank of England chief. Lord Greenwood, chairman of Dorman Long, one of Richard Thomas' competitors, and president of the Iron and Steel Federation, also was named to the committee. Its other members are E. H. Lever, of the Prudential Assurance Company, and Sir William Firth, Richard Thomas' chairman, who had fought against outside control.

Another part of the price Richard Thomas has had to pay for the money it needs to complete Ebbw Vale has been the addition to its directorate jot J. E. James, chairman of Lancashire Steel; Sir Charles Wright, chairman of Baldwins, and S. R. Beale, chairman of Guest, Keen Nettlefolds.

All three companies are competitors of Richard Thomas and among the biggest British steel companies. Control Of Competition "Thus," the Daily Herald financial editor added, "the heads of rival firms, taking advantage of Richard Thomas' need of new money, and operating through the banks, have succeeded in obtaining what at worst may prove a stranglehold on the highly efficient new Ebbw Vale works whose competition they so much feared." The Financial News thinks it is as yet uncertain whether Richard Thomas' new plant will be allowed to give con sumers the benefit of its moder equip ment and processes or be required to divide up the market with its competitors and keep its prices up to a level where they can meet them. The financial journal's uncertainty on the point seems difficult to understand in view of the fact that British tinplate manufacturers for several years have been operating under an NRA-like scheme that allots each com pany a weekly production quota. All other branches of the British steel industry have similar codes. Under them prices are fixed by agreement and openly announced.

Professor Lewis reports that prices are fixed "on a level calculated to be satisfactory to the less efficient members of the industry," a finding that perhaps provides an additional forecast of what's going to happen to the economies effected by Richard Thomas' introduction of the American continuous-strip-mill process at Ebbw Vale. NOtlTHS 8:30 to 5 Saturday 8:30 to 2 1 ALL SUMMER PRICE $17.75 iARNER CO. 18 and 20 E. Baltimore St. Entire Building Air-Conditioned SEE THESE GREASY DISHES? I'LL SHOW YOU A NEW WAY TO WASH THEM THAT5 QUICKER AND EASIER (BttdM5s Unas 7 Si THE GREASE IS SOON SOAKED LOOSE, THEN ALL I DO IS SWISH, RINSE: AND DKY I HtM A WINK.

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For women are quick to discover that Rinso now gives heaps more suds than the old and that a little goes a long way. On washday the active Rinso suds get clothes shades whiter and brighter from tub or machine. The New Rinso is easy on the hands. Get the BIG box. dndDffdlciDinfs "BIO ailTCR" esr Monday threuoh Friday 10.lt a.

M. (I.t.T.) C.B.I. Nstwork Try Vordon'i Kloa tita, SO proof, and rdona Oraind OTaworeel Cain. BO proof ntSTRIBnTORS: lMPCWTFRK. I.TD..

NEW TURK rnprrisht 1ft.1. Oordon's Tr Cln Co.

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