davidaulloa/AmericanStories huggingface dataset:
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24
Lansing Baseball
Team Closes Most
Successful Season
Defeat Harmony For Season
Standing of Is Wins And
Only Three Losses.

LANSING, Aug. 19.-The Lam
sing "Bombers" closed their base
ball season by taking Harmony 8
to 5 and annexing their eleventh
straight victory. The ''Bombers"
have had a very successful sea-
son, winning fifteen and drop
ping three.
Lefty" Joe Martin started on
the mound for Lansing, but due
to wildness was relieved by Ray
Blevins who allowed only three
hits and no runs for the remain
ing eight innings.
Gather pitched effective ball
for six innings, but the Lansing
sluggers turned loose their heav-
lest hitting and drove him from
the mound with a five-run bar
rage. Manager Adams took over
for Harmony and allowed three
runs and four hits.
Warren Jones, former A. S. T.
c.. star, and Jack Richardson led
the hitting attack, jones with 4
for 5 and Richardson with 3 for
5
The Lansing team attributes its
successful season to a team bat
ting average Of 1873, led by Far
mer with 1853, Davis, .450, and
Richardson, 1926. Lefty Blevins
led the mound staff, winning IS
and loosing 2 Martin, Jones, and
Wiles did good relief hurting.
With this fine record Lansing
hopes tc enter the ''Burley Belt
League next year.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24
Brumfield Elected
County Agent For
Wilkes Last Week
Was For IL Years Yadkin Co.
Agent; Is Third Elected
For This Position.

Wilkes county board of COM
missioners last Saturday elected
L. F. Brumfield county farm ag-
ent, subject to approval of the
North Carolina extension service.
Brumfield is the third to have
been elected by the board to sue
coed Dan F. Holler, the two pre-
viously elected having been re-
jected by state authorities. All
members of the board were pres
ent in the meeting Saturday.
Brumfield was for IL years
county agent for Yadkin county
and during the past few months
has been affiliated with the ex-
tension service as county agent
at large, according to informa-
ton receiver here today.
The commissioners were quot
ed as saying that they had ex-
amined Brumfield's record as
county agent in Yadkin and his
qualifications for the work,
they said were very good.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24

Laurel community. While here he
is conducting a revival meeting
at Little Laurel church.
Mr.. and Mrs. Bruce GRAPHICAL
and little daughter, Glenda Anne,
spent last week end in Asheville
visiting Mr.. and Mrs. Carl Hart
soc and family. While there they
visited the Cherokee Indian Res
ervation and the Great Smoky
mountains. Mrs. F. G. Hartsoe
and son, Wayne, accompanied
them.
Nr. w. T. GRAPHICAL and son,
Billie and Miss Nell GRAPHICAL, of
Beuna Vista, Va, were week end
guests of Mr.. and Mrs. T. J.
GRAPHICAL.
Mr.. and Mrs. S. A. Hartsoe
have as their guests Mr.. Ulysses
Hartsoe and family, of Pennsyl-
vania.
Mr.. Willard Edmondson and
family visited Mr.. and Mrs. Will
Pennington Sunday afternoon.
Mr.. Carl Osborne, of Piney
Flats, Tenn, spent several days
last week with his grandmother
Mrs. Rebecca GRAPHICAL.
Mr.. and Mrs. T. j. GRAPHICAL
have had as their guests recently
Mr.. and Mrs. Boyd Cable and
daughter, Betty Ann, Mr.. Cab
BILE, Miss Catherine Hilliard, Mr.
and Mrs. Irving Swi1egood and
ShildVren, Carolyn Jane and
Francois, Mr.. and Mrs. Ray
SWicegood and children, Glenda
Ann and Charles Swicegood all
of Lexington.
Miss Sue and Mae Oliver spent
the week end at home. They are
attending school at A. S. T. c.
Miss Pearl GRAPHICAL, of Balti-
more, Maryland, is visiting her
mother, Mrs. Rebecca GRAPHICAL.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24
Injuries Inflicted
By Mad Bull Fatal
To Jesse Nichols
Son Of Joe Nichols, Who Was
Also Attacked By Ami
Nal Monday Night.

Jesse Lee Nichols, resident of
near Miller's Creek, died early
Monday morning from injuries
received when he was attacked
by an enraged bull a week ago.
He was 80 years of age and a
son of Joe Nichols, former con-
stable and deputy in Reddies Ri
yer township, who remains in a
critical condition from injuries
received when he was attacked
by his bull about two hours be-
fore his son was fatally hurt.
Jesse is survived by his faith
err, his wife, Mrs. Celia Hincher
Nichols, and five children: Della,
Gaynell, Ivanell, Sydney and
Gene Nichols.
Funeral services were held
Tuesday afternoon, two o'clock,
at Charity Methodist church
with Rev. J. H. Greene in charge.
Little hope had ever been held
for the recovery Of the younger
man injured by the animal which
had apparently gone temporarily
mad and for the first time in his
life had showed fight.
The bull attacked the elder
man about four o'clock in the af-
ternoon on the mountain above
his home and his wife and a
daughter fought the animal off
Mr.. Nichols body.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24

tension Service. Nearly four mil
lion seedlings are being produc-
ed at the State Forest Nurseries
of Clayton, near Raleigh, and
in Henderson County.
Graeber said that his office is
ready to begin taking orders, and
that application blanks may be
obtained from county farm ag-
entS.
The prices are So per thous-
and, delivered, or $1.8O per thous-
and, F. 0. B. the nurseries, for
loblolly, longleaf, shortleaf, and
slash pines, black locust, cypress,
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24

yellow poplar, white ash, or red
cedar. White pines are available
this year for planting in the Up
per Piedmont and mountain areas
at So per thousand delivered or
$2.75 per thousand, FOB. Black
walnut seedlings will cost $40
per thousand delivered, or $3.50
F. o. B.
The shipping season begins
about November Is, at Clayton
for the Southern pines, and will
be November 100 and March l.
April Is from the Henderson nur-
sery.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24

j. T. Daniel, Oxford, Route l,
made 104 bushels of corn on his
demonstration acre in 1888, but
this year, with continued favor
able weather, he expects to make
1875 bushels.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24
TREE SEEDLINGS WILL
BE SOLD TO FARMERS

Tree seedlings for reforestation
and erosion control will again be
available this year to farmers and
other landowners at a nominal
cost, announces r. w. Graeber,
forester of the State College Ex-
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24
STATEMENT
Theatre Underwriters
PHILADELPHIA, PENNSYLVANIA.


Condition December s1Ie3S, Statement Filed
Amount Ledger Assets Dec 81 previous Sl1482l34;
IncomeMFrom Policyholders S4OO79O8; MsceIan-
Disbursements@To PoicyhoIders $44336i; Miscelan-
Total 3854628i
Fire Premums-Wrten renewed during year, o-
All Other PremiumsNWritten or renewed during year,
Value 9748925
Deposited in Trust Companies 851669
subsequent to October l. 1888 ACKNOWLEDGEMENTS 21191O
Agents balances representing business written ~ -
October |, 1888 l6943
Interest and Rents due and accrued , 8 8oo '2S
Assets detailed in statement 13693o0
Total --------------- $132 SAP
Less Assets not admitted ----- 1,667.68
Total admitted Assets Observation-Disclosures S131 1864
LIABILITIES
Net amount of unpaid losses and claims ~ 1922
Estimated amount payable for Federal State, county
and municipal taxes due accrued 8814O
liabilities detailed in 572lO
Total amount of all liabilities except Capitals 2923e4O
Funds of Attorney -$25O0OOO
Surplus all liabilities -$7695O34
Surplus regards Pocyhoders
Total Liabilities $131 1854
BUSINESS IN NORTH CAROLINA DURING 1888
Fire Risks written $185 225 Premiums received-$ 967OO
Losses incurred-Fire 5000
President Ernest W. Brown W. j. Montgomery
o o pge1 h a9S S2eInur
Raleigh N c. Manager for North Carolina Home Office
STATE OF NORTH CAROLINA
Department
(SEAL) Raleigh July 1st 1899
DAN BONEY do hereby certify
Underwriters Philadelphia filed with this Depart
showing the condition of said Company the 3st day of
day written
DAN c. BONEY, Insurance Commissioner.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24
Laurel News

Mr.. and Mrs. J. N. Duvall, of
Newport News, Va, are visiting
Mrs. Duvall's parents, Mr.. and
Mrs. ]. E. Oliver.
Rev. Wesley Mccoy, of Texas,
is visiting relatives in the Little
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24

Mr.. Eli Francis, of Street, Md,
has been visiting Mr.. and Mrs.
I. H. Stuart and other relatives
in the county during the past
week
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24

Arson County has only three
cotton growers who knowingly
overplanted their acreage in 1888,
reports J. w. Cameron, farm
agent of the State College Extern
sion Service.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24
STATEMENT
TranscOntinental Insurance Co.
NEW YORK CITY, NEW YORK

NEW YORK CITY, NEW YORK
Condition December 1885, by Statement
Amount Iesger Assets Dec ss previous year,
Roisybodsrs s4549959i Mi5cei 4'v''4'0
Poicy5oide s21aaloI4;
Fire Premums-Wrtten renewed during year,
$I18455O22 In Force ACKNOWLEDGEMENTS 24Q9O22O
year, $ilss84sso Force curing 111sl8e4
Reposted Trust Companies Banks interest 6O22s8
Agents BALANCES representing business written subse
qHen tt to October 1888 178o29O3
Deduct Coded Reinsurance Balances Payabie 1S788s9
Bills receivable, taken for fire risks - --- 51269O
Interest and Rents accrued Observation-Disclosures 128854
All other Assets, detailed n statement----- 28495
admitted ------------- 276O61
Total admitted Assets Observation-Disclosures 81 8g348O6
LIABILITIES
Of unpaid losses claims 54OO333
Salaries, rents, expenses, accounts fees,
Estimated payable for Federal State county
CONTINGENT conmissons or other harges due or accrued $685.
All other liabilities detailed in statemen----- 2o5aooOO
Capital T 5s D5d of all sss sea7s
Surplus all liabilities S2,378,41O38
Surplus regards PolicyhoIders 33784o38
Total Liabilities -- 81 348O6
BUSINESS IN NORTH CAROLINA. DURING 1888
Fire Risks written S121358 Premiums received--S
incured-Fire, S1,573 Paid
incurred-Al other, S4700;
President F D Layton Secretary Seymour Office
So John ST.. New York City,
Attorney fer servces DAN BONEY
Raleigh, N C. Manager for North Carolina Office
STATE OF NORTH CAROLINA
Insurance Department
(SEAL) Raleigh June 1889
l. DAN BoNEY Insurance Commissioner. do hereby certify
TransCOnnenta Company New York City, filed with
this Department, showing condition Company
31st day Of December 1898.
Witness hand and official SEAL the day and date above written
DAN c.. BONEY Insurance Commissioner
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1939-08-24
West Jefferson
Livestock Market
Report OF Aug. II

We had buyers this week from
almost every county in Piedmont
and Western North Carolina, also
Southwest, Virginia with not near
enough cattle, sheep and veal ca
Ives to fill the orders which were
here. A few of the buyers had to
60 out in the county and buy adj
ditional cattle after the sale in
order to fill out their loads. Bring
us your cattle, sheep and calves.
we will furnish the buyers and
get you the highest market price.
The following prices were paid
this week.
Evening star., 1939-01-09
Ten LoW-Yield Bonds.
A ssociated Press.

BY the Associated Press.
NEW YORK, Jan. 9.-Light SELL
ing in the bond market today car
ried rail leaders and most indus
trials and corporate loans frac-
tionally backward.
Offerings, which checked new year
buoyancy, centered in lower-priced
rails. A handful of normally in
active issues, however, spurted more
than a point near midday.
United States Governments again
headed upward, but gains were con-
fined to 2-32 of point or so. Die
tator" bonds displayed recovery
tendencies, notably japanese and
Italian loans.
Lower by fractions were such IA
yorites as St. Paul SIS, Delaware &
Hudson refunding As, Illinois Cen
tral 4a.s, Missouri 5s of TT
"F," Santa Fe IS of '95, International
Evdroelectric 6s-off nearly 2-and
Nickel Plate AIS.
Pittsburgh G. West Virginia AIS
of go &C" stepped 5l2 higher on the
sale of single bond and Southern
Railway St. Louis As and New Or
leans, Texas G. Mexico collateral 5s
of '54 "B" added more than point.
Bucking the main trend for
smaller gains were Southern Rail-
way 4s, Pennsylvania general As OF
IS and Erie 5s of rs.
Evening star., 1939-01-09
Canadian Financing Hits
S1,058,915,690 in Year
srecial Dispatch to the Star.

Special Dispatch to the Star.
NEW YORK, Jan. 9.-Total Can
adian government, provincial and
municipal bond financing in the
year 1888 amounted to Sl,O589l5,69
of which $970.249,024 was sold in
Canada, $4O,OOO0OO in the United
States and s48, 8,666,666 in Great
Britain. according to final figures
compiled by Wood, Gundy' & Co.,
Ltd.
OF the total financing for the
1888 year, 1892 ,0OO,945 was for re-
funding purposes and s166914, ,745
was for new money. The total for
the year compared with 81 1873 $3.50, ,652
in 1887 and sl,066 ,9O3 ,022 in 1896.
In December, Canadian bond
financing totaled s73,O20,6OO, COM
pared with s64,105 300 in the same
month in 1887, and consisted prin-
cipally of s50,0O0OOO of Dominion
government treasury bills and an
issue of S16,700,000 Province of
Ontario per cent debentures due
December Is, 1949, both of which
were for refunding purposes.
Corporate financing for the year
1888 totaled S70,704,500, of which
$32 2,186, 100 was for refunding, and
$38 8,518, 400 for new money. In 1887
corporate financing amounted to
$126 ,562, 700, and in 1886 to $239, ,073,-
557.
Evening star., 1939-01-09
American Pork Exports
Rise Sharply in 1888
BY the Associated Press.

By the Associated Press.
The Bureau Of Agricultural Eco
nomics reported that American ex-
ports of pork during the first II
months of 1888 totaled 93,984 900
pounds, compared with 61,339, ,0C0
during the corresponding period
last year.
Exports of lard during the same
period were reported at >941 ,376,-
900 pounds, compared with 675,787,-
900 pounds in the previous year.
The exports represented 1877 per
cent of production, compared with
1913 per cent in 1887.
Imports of pork, excluding lard,
totaled 4,256,25O pounds for the IL
month period of 1888, compared
with 3,688,511 pounds in the pre-
vious year.
Imports of beef and cattle were
reported at 258, ,950,000 pounds, COM
pared with 1927, ,424,0 900 In the first II
months of 1887.
Evening star., 1939-01-09
General Motors Sales
Down in December,
Top Year Ago
Months TotoI at 1883
Against 131 1887 in
Previous Period
BY the Associated Press.

By the Associated Press.
NEW YORK, Jan. 9.-Sales Of
General Motors Corp. cars and
trucks to consumers In the United
States in December totaled 1888
units, compared with 1887 in No.
vember and 1852 in December,
1887, the company reported today
December sales to dealers in the
United States amounted to 150O05
units, against 159,573 in the pre-
vious month and 108,232 in the like
1887 month.
Total sales to dealers in the United
States and Canada, plus overseas
shipments, totaled 187,909 in De-
cember, compared with 20O,256 in
November and 100, ,444 in December,
1887.
For the full year 1898, sales to
consumers in the United States ag-
gregated 1,001 ITO cars and trucks,
compared with 1,594215 in 1887.
Sales to dealers in the United
States in 1888 numbered 935 1853
cars, against 1,680O24 in 1887, while
total sales to dealers in this coun-
try and Canada, plus overseas Ship
ments. were 1,307,749, against 2,1l6,-
897.
Evening star., 1939-01-09
CHICAGO Produce

CHICAGO. Jan. (p,.--Butter, 77o.c4l |,
55s4-96: extras (ael. S5is; extra, firsts
laO-9lp, "5-25i4; frsts tSs-S9l: 24l2-1A;
Centralized carlots,, IS. Eggs, Dis. weak;
IS; flrsts local, I'LL; cars, 1874; current
Poultry. live. car, q trucks; about
steady; hens. Az pounds. up, 11i2 under
Az pounds. is: Leghorn hens. l2l2 broil-
ers colored. Is: Plymouth and White Rock,
pounds. II popnds TP coloEed l6'5: 3:
ROSTERS, 1917, Leghorn, roosterS. 11'2;
turkeys. hens "a: young toms 10; old, l6:
No 2 turkeys l6 ducks. 4 ie pounds up:
colored 1919; white. 10; small colored and
white IL geese, -.
Dressed turkeys steady: barrels. yoqan,s
box packed young hens, 20; young toms,
q; Southwestern young toms, 20; vo4ng
Potatoes l19: on track, oil: total U, S
shipments. Saturday, $50; Sunday, ..3;
steady; supplies moderate; demand fair,
U S. No |. 65-75 mostly 17o-i5; Colo
rado Red McClures, U. S. No. l., cotton
sacks 2.o0-l5;. burlap sacks. ;..oo-oa;
Nebraska Bliss Triumphs. 90 pcr cent U.
s. No. | and bette, l.15-S.5; Wisconsin
Round Whites. U s. No. ] few sales, %
321a; North Dakota Bliss TriuInphs U. S.
No. !. l.65; s. to 90 per cent U. S. No.
U, S. No. l. 1.37la-t0. New stock track
umphs, U S No. /, 10: U. S. No. /. size
b 1000 bushel crate; stree sales. Flor
ida Bliss Triumphs. U. S. No. /, buShcl
crates, 1.5o-65; U. S. No. l, size B. 1.35-4O
Evening star., 1939-01-09
WiIIys Plants Show
Bio December Gain
Special Dispatch to The Star.

Sreclal Dispatch TO The Star.
TOLEDO, Ohio, Jan. 9.-Ship-
ments from the plants of WHY'S
Overland Motors. Inc. during De-
cember showed the greatest con-
solidated total in 13 months.
Consolidated domestic and export
total showed a gain of over 56 per
cent in December over the COM
parable month of 1887. The gain in
shipments from the Toledo plant in
December was approximately SO per
cent over the same month Of last
year, while the Los Angeles factory
registered an increase that amount
ed to nearly six times its volume in
December, 1887. Domestic ship
ments in December were IL per
cent above the corresponding month
in 1887.
Evening star., 1939-01-09
Tobacco Sales Down
Aooin at Baltimore
special Dispatch to The Star.

BALTIMORE, Jan. 9.-There was
another decrease in the amount Of
Southern Maryland tobacco sold for
the producers through the Baltimore
market during December. according
to a summary of the returns. The
average price showed a decrease Of
about l cent per pound.
Sales during December totaled
only 72O hogsheads, which was 548
hogsheads below the total for No
vember. The December sales were
417,175 pounds. This was more than
313,50O pounds under the November
total.
The average price received in De-
cember was 0.1333 per pound, while
in tho previous month the average
was 0.1430.
Evening star., 1939-01-09
Lamber Orders Hold
Far Above Year Aqo
By the Associated Press


The National Lumber Manufac-
turers' Association reported yester-
day that new orders during the week
ended December 81 were IL per cent
above those booked for the cor
responding week of 1887. Produc-
ton was 38 per cent and ship
ments "a per cent above those of the
corresponding week last year.
During the week 489 reporting
mills produced 123,119,OO0 feet of
softwoods and hardwoods combined,
shipped 166 100000 feet and booked
orders of 155,652,000 feet. Revised
figures for the preceding week were
mills, 533; production, 18O,251 900
feet; shipments, 189,276, 900 feet, and
orders, 180,217,000 feet.
Evening star., 1939-01-09
UIen & Co. Finishes
Greek Flood Control
e. eoial Dispatch to The Star.


NEW YORK, Jan. 9.-The King
dom of Greece. through John Me-
taXas. President Of the government,
and Angelo Oeconomou, minister OF
communications, has advised Ulen
& Co. that it is accepting delivery
of the major reclamation work
which Ulen and an associate con-
tractor have completed in the Mace
donian section of Northern Greece.
In draining and retaining the Ser
res and Drama plains, the contrac-
tors excavated more than 8o,0OO,00O
cubic meters of earth.
Many thousand acres of rich ag-
ricultural land were thus reclaimed,
adding materially to the wealth OF
Greece.
The government expressed its sat-
isfaction with the manner in which
the project was executed. Total
cost was approximately s2o,0OO,0OO.
Evening star., 1939-01-09
Visible Grain Supply

NEW YORK, Jan. 8 R.-Visible
supply of American grain showed
the following changes from last
week Gin bushels: Wheat decreased
s,2s4'ooo, corn decreased $4,000, oats
decreased $4,000, rye decreased ST.
900, barley decreased $4,000
Evening star., 1939-01-09
Food Consumption Hioh

NEW YORK, Jan. 9 (SpeciaD -
During the past year Americans
consumed more than 100000, 900, ,OOC
pounds of food, or ton for each
man, woman and child in the coun-
try, it is estimated by Clarence
Francis, president General Foods
Corp.
Evening star., 1939-01-09
New York Produce

NEW YORK, Jan. o LP.-Eggs. 15,O47:
weak. Mixed colors. special packs. 81.
SlY; standards cog; irsts; 1919.
checks, 16ls. Refrigerator. specials.
19A-'4: standards, 1ss4; firsts. 15a4-16;
Creamery. higher than extra. s6H-s7H:
extra (92 score). 26H4; flrsts tss-9D. 25A4.
%; seconds (S4-S7. 24-24a4.
flats. held 1887. 20-22! fresh fancy. 15-
1612
Evening star., 1939-01-09
Knit Glove Production
Drops in November
BY the Associated Press

By the Associated Press.
Statistics for knit fabric gloves
made in the United States showed
total November, 1888, production at
125,215 dozen pairs compared with
136,O43 in October and 95,870 in Mo-
vember 1887. the Commerce De-
partment reported.
Evening star., 1939-01-09
New York Suaur

NEW YORK. Jan. 9 P,.-spurred by q
fed9cton hna IN Edropean beet , crop estimate
sugar contract "a to Ia points net higher
by 2 pm. today. March was quoted at
1.13 on sales Of 1000 tons.
Issuance Of 40 notices in the domestic
January delivery depressed that month
5 points. The balance Of the list. steadied
by switching operations, ranged about l
point net higher.
Evening star., 1939-01-09
Big Concerns Weigh
Refunding Action
Al Early Date
Top-FIieht Corporations
May Take Advantage
Of Easy Money
By the Associated Press.

NEW YORK, Jan. 9.-Top- flight
industrial corporations with recent
bond issues outstanding bearing
coupon rates of around AZ per cent
may soon try to take advantage of
the present "easy" money market
through refunding flotations, Wall
Street underwriters said today.
A month ago it was not thought
such thing could be possible. Most
of such issues are callable only
at high premium, say ITO per cent,
and some in Wall Street were still
of the opinion long-term bond cou-
pons might go higher. In the mean
time, however, the administration
let it be known plainly it intends
to keep money easy, so that a 30
year issue at 3l2 or 81 per cent
would save the corporations much
money in the reduced interest even
if the high redemption premium
were paid.
1t was pointed out that the de-
mand of institutions such as banks
and life insurance companies for
securities in which the law permits
them to invest is tremendous. Com
mercial loans of member banks of
the Federal Reserve system have
fallen off around three-quarters of
billion dollars in the last wear
and the banks have been forced to
fill their portfolios with longer-term
bonds in order to keep their enor-
nous earning assets at work.
Rates Near Zero.
Short-term money rates have gone
almost to the vanishing point, and
as result of the Federal Reserve
Boards policy of letting it's bills run
out if not disposed of at favorable
terms, banks last week made a
dush for the longer term Govern
ment bonds.
Some such corporation refund
ing issues are in the talking over"
stage at the present time, one of
which, it is said would take care of
loan callable at only 1O4 per cent,
made in 1885
Other new financing being talked
over" but about which nothing def
mite can be said at the present time,
is the raising of money for plant and
facility expansion of aircraft COM
panies expected to benefit if the
Presidents defense message this
week calls for huge additions to air
defense.
Aviation Needs Cited.
One aviation official said not long
ago that should the program call for
5000 planes, every aircraft plant in
the country would have to work on
a 24-hour basis for 13 months at
least to turn out the planes for
military use while other plants must
be erected to care for civil aviation
demands.
Most of the financing for such
companies would probably be
through the sale of equities rather
than bonds. The recent run-up of
aircraft shares in the stock market,
which has continued almost without
halting since September, forecasts,
Wall Streeters say, the investment
appetite for such equities should
sweeping air defense plan be
adopted.