davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-09-03
Larger Earnings Expected
For Paint Companies
Special Dispatch to The Star.

SpeSidi OiepAlCn 10 Inc star.
NEW YORK, Sept. 2.-Increased
earnings this year for manufactur-
ers of paint and related products
Is forecast in Poor's Industry and
Investment Surveys. Operating re-
suits for the first six months were
materially better than those of a
year ago, and favorable comparisons
are also In prospect for the final
half.
During the coming months. sales
OF the paint and varnish industry
should continue above the levels
registered a year ago." states the
Poor's forecast.
This improvement in the final
six months Of this year is expected
to exceed by a good margin the 9.5
per cent gain recorded for the in
itial half Of 1889. Expanding gen.
eral business conditions, together
with continued F. H. A. insurance
Of repair loans, should stimulate a
large amount of building moderniza-
ton work. In view of the lag which
necessarily exists between the award
of the building contracts and the
actual construction, paint COM
panies should benefit increasingly
from the sharp gain in the awards
which occurred in past months"
Evening star., 1939-09-03
Polish Grain Harvest
Larger Than in 1888
BY the Associated Press.

BY the Associated Press.
The Agriculture Department re-
ported yesterday that Poland's pro-
duction Of principal grain crops this
season was estimated to be more
abundant than last years large har-
vest.
Ranking third as a producer of
rye, Poland harvested an estimated
300 ,377 900 bushels of this crop, 15.-
600. 1000 bushels more than last wear.
Polish domestic consumption of
rye averages about 24O, ,000, 900 bushels
annually. Thus this years crop will
leave a surplus estimated at about
so 1000, 900 bushels.
The Polish wheat crop was esti-
mated at 83,407 900 bushels. an in
crease Of about As per cent over last
year. Estimated at 67,975 900 BUSH
els, the barley crop was said to be
about the same as last year. The
oat crop was placed at 198.414.OOf
bushels. compared with 1873 3,014 900
last year.
Evening star., 1939-09-03
Boston Wool Activity
Gains After LuII
BY the Associated Press.

BY the Associated Press.
BOSTON, Sept. 2 Omitted States
Department of Agriculture) The
Boston wool market was very slow
in the early part of the week, but
inquiries broadened and sales In
creased slightly in volume during
the latter part of the week.
Prices on the business transacted
were mostly steady to slightly firmer
than the close of last week. Reports
of further postponement of wool
sales in Australia and news of the
international situation abroad stim-
ulated the tendency to mark up
wool prices in the market.
Greasy combing bright graded
fleece wools were quoted nominally
% to 81 cents, In the grease; for fine
Delaine, % to 81 cents for half
bloods, 80 to 80 cents for three
eights bloods, and 80 to "a cents
for quarter bloods.
Evening star., 1939-09-03
Wholesalers Of SUGAR
And Flour Thrown
Into Confusion
Sudden War Boom
Brings Big Changes
In Quotations
By the Associated Press.

By the Associated Press.
NEW YORK, Sept. 1.-The sudden
"war boom" in commodity prices
created confusion today for whole
sale handlers Of two OF the major
items in the family larder-hour
and sugar.
Sugar circles said most leading
reflners have Withdrawn quotations
to the wholesale trade temporarily
following the Jump Of "a of a cent
a pound for the raw product in the
futures market on the news of the
German-Polish hostilities.
Higher prices for refined were
forecast If the boost In quotations
for the raw staple holds at the re-
sumption OF trading Tuesday. The
sugar market was closed in the
usual Saturday suspension of trad
Ing for an extended recess over
Labor Day.
Flour Prices Jump.
David Coleman. New York -four
broker, said wholesale flour prices
generally around the country have
been raised go cents to 81 a barrel
to meet the steep advance In cash
wheat.
1t was emphasized in commodity
circles there is no actual shortage
IN supply: only temporary unsettle-
ment IN pricing as result Of the swift
advance in basic markets and diffi-
Guilty of operating as quotations for
futures leaped the full limits allowed
for one trading session in grains and
sugar yesterday.
Prices over the retail counter, It
was noted, usually lag behind
changes in the wholesale marts.
Re1lned sugar at wholesale, brokers
said, has been quoted around 4.40
cents a pound in the populous
northeastern sections of the coun-
try. with a somewhat lower scale in
the South.
War Imitation Recalled.
In the World War imitation, It
was recalled, sugar scared to about
70 cents a pound, reaching the ton
prices after the United States relin-
pushed wartime price controls.
Commodity men rate sugar a war
staple partly on the assumption
closing of Central European beet
sugar markets and withdrawal of
man power for farm work would
widen the world outlet for the cane
product from Cuba, Peurto Rico and
other sources Of domestic supply.
Evening star., 1939-09-03
London Exchange 10 Stay
Closed on Monday

BY the Associated Press.
LONDON, Sept. 2.-The Stock
Exchange Committee announced
today the exchange would remain
closed Monday.
The market suspended session
Friday. The official announcement
attributed the move to disruption
OF transportation facilities incident
to evacuation of sections of the
civil population of London as an
air raid precaution. Brokers were
told they would be notified when
trading would be resumed.
Today's announcement said the
usual fortnightly settlement of
brokerage accounts, scheduled for
Thursday, September 7, had been
postponed until September 81.
Evening star., 1939-09-03
By DONALD B. HADLEY.

Total private and Government
pay rolls in Washington for June
climbed we'll above both the previous
month and a year ago, the final
tabulations of private pay rolls for
the month revealed yesterday.
The grand total reached $43, ,783,-
458 with 3O2,585 persons employed.
This contrasted with $43, 3,305 .408 and
299,793 persons in the previous
month of May and SAL ,627 .06l and
298,879 persons in June, 1893.
The District Unemployment Com
pensation Board for June of this
year reported a private pay roll OF
$17,653,151.96 with l53, 100 employees.
These totals compared with ST.
425, ,777.63 and 151,802 employees in
May and $l7,356, 1850 and 158, ,258
employees in June, 1888.
Combined Totals Shown.
Combined private and Govern
ment pay rolls and employees for the
last wear follow:
Evening star., 1939-09-03
Ross Elected Chief
OF Columbia Steel
Special Dispatch to The Star.

Special D1BpNtcn 70 The 6ISf.
SAN FRANCISCO, Sept. a.
william A. Ross was elected presi-
dent of Columbia Steel Co., sub
sidiary of United States Steel Cor
poration, at meeting of directors
here yesterday.
Ross succeeds Ambrose N. Diehl
who resigned because of Ill health
and who has headed the steel COM
pany since 1882.
The new president Of Columbia
Steel has been connected with the
steel industry since 1895, when he
went to work for the old Washburn
Moen Manufacturing Co. o. an
ofnce boy.
Evening star., 1939-09-03

December, 1926. From this point it
retreated steadily until June, 1888,
when 1t stood at 78.l.
From the 1888 low 1t then ad-
vanced with little interruption to
89.7 in September, 1887, when it
again turned down, finally reaching
85.9 on March Is Of this year.
Three Groups Traced.
Indexes for three classes of living
costs, also using the l923-25 average
as 100, perhaps will be even more
interesting. 1.
The indexes for food, clothing and
rent in various years follow:
Evening star., 1939-09-03
U. 5. Markets 10 Remain
Closed for Labor Day
BY the Associated Press.

6y the Associated Press.
NEW YORK, Sept. 2.-Leading
United States and Canadian secur-
ity and commodity markets will
remain closed Labor Day, Monday,
September 4. Chiefly affected will
be the New York Stock and Curb
Exchanges, the commodity and the
produce exchange. Several live
stock centers will trade as usual
although the principal market.
Chicago, will close.
The London Stock EXCHANGE
Committee announced the market
will stay closed Monday. Word
from Paris and Amsterdam was
lacking but the assumption in
financial centers was that trading
would continue at the start of the
week.
Evening star., 1939-09-03
Copper Jumps 10 II Cents
A Pound in Heavy Buying
By the Associated Press.

BY the Associated Press.
NEW YORK, Sept. 2.-Heavy
buying OF copper by domestic users
fearful of the effect Of hostilities
between Germany and Poland on
supplies Of the red metal-forced
the price upward 4 cent on both
Friday and Saturday this week to
II cents at the weekend.
The new price was the highest
since April. Top price for the
year was 1l.25 in early April, which
equalled the 1888 high.
Skyrocketing futures prices Fri
day added to the tension and un-
certainty surrounding the refined
price. Standard contracts sold
above 10 cents a pound and the
market ended Friday with net gains
of 10 to 73 points.
The forward drive in futures
slowed up Saturday when consider
able weekend profit taking de-
veloped.
Orders from foreign buyers-in-
cluding Poland, Japan and England
-contlnued 10 pour into the mar
ket. With heavy armament de-
mand sweeping copper stocks bare
in world centers, doubt was ex-
pressed by many analysts that all
the orders would be filled. Scarcity
OF copper for immediate shipment
was stressed.
The same factors that boosted
copper had a similar effect on
zinc, which advanced Y cent to
the basis Of Ats cents a pound
East st. Louis.
Demand for lead also took
sudden and sharp jump at the
weekend. Sales Friday by a major
producer were thought to be around
six times the daily production quota.
Price was firm at 505-5.10 cents a
pound.
Evening star., 1939-09-03

VIM. Mcc. Martin, jr.time and money
to working out new regulations,
many suggested by the S. E. c.
The exchange presidents thoughts
were expressed in letter to all men,
bers, accompanying the report of the
Public Examining Board which was
made public Thursday. His letter,
received in Washington yesterday,
was sent with the approval of the
board of governors of the exchange.
Bank Women Announce Plans.
Margaret A. Fischer of the Hamil-
ton National Bank has been appoint
ed chairman of the Women's Com
nittee of washington Chapter, Amer
Evening star., 1939-09-03
| 7reosury Deficit
| At 9O7 Millions
In 7 Months
By the Associated Press.

The Treasury said yesterday its
expenses exceeded income by 1901, :
548,053 in the first two months of
the fiscal year which began July /.
The Treasury spent sl,e2s 1878, ,674.
1t received $727 ,825 500.
In the same months last year, ex-
penditures totalling S1,445 5,519, 1893
were $646, 6,940, 1853 in excess OF re-
ceipts.
The public debt has risen to $40
89l 232 ,89l-$450, 900 900 more than
at the beginning of the fiscal year
and approximately $1,000 900 900
more than a year ago.
Evening star., 1939-09-03

OaAAoJ ~AAuPoSAs = ASchei'
Pennsylvania, and as its Woman s
Committee Chairman.
The other members of the COM
mittee include Eleanor Brassee and
Marguerite E. Detterer, American
Security & Trust Co.; Helen Sharpe,
Bank of Commerce a. Savings;
Katherine McCalmont, w. B. Hibbs
& Co.; Elizabeth Rowzee, Hamilton
National; Anne Sullivan, Morris
Plan; Anne Crawford, McLachlen
Banking Corp; Helen Healy, Ma
tional Savings & Trust Co.; Jane
Kennedy and Elizabeth Lee Nor
ford, Riggs National; Dorothy Lam
ham and Lou c. Swain, Second Ma
tional; Eleanor Dankmeyer, Security
Savings & Commercial Bank, and
Rose Royce, Washington Loan g.
Trust Co.
The committee will hold its an
nual dinner on Thursday evening,
September IA, at the Mayflower
Hotel. About 200 women from
Washington banks will attend. The
guest speaker will be Miss Earlene
White, postmistress of the United
States Senate, and past president
of the National Federation of
Business and Professional Women S
Club.
Other speakers will include Ord
Preston. president of the District of
Columbia Bankers Association;
Francis E. Robey, president of
Washington Chapter; Edward M.
Blaiklock, chairman of the Educa-
tional Committee, and Raymond B.
Dickey, dean of the faculty.
Heard In Financial District.
s Wide interest is noticed in the
financial district In the coming Of
fering to the public of 10000 shares
of Julius Garfinckel g. Co., Inc,
cumulative convertible per cent
preferred stock and 10000 shares of
common stock. The stock will be
offered by a syndicate which will
include leading Washington in
vestment houses.
Thomas M. Groom, executive vice
president Of the Bank of Commerce
g. Savings, Is taking a three-week
vacation in Alabama and other
points in the South.
G. Bowie Chapman Of Laidlaw &
Co. has returned from a summer
vacation at Nantucket. He reports
q most enjoyable sojourn.
c. j. Cockeler, Hamilton National
Bank official. returned few days
ago from a three-week vacation at
Ventnor, near Atlantic City, N. j.
Albert S. Galley, executive vice
president of the Lincoln National
Bank, passed most of his vacation
: at Virginia Beach, now being back
. In the city.
Fall Saturday sessions Of the
Evening star., 1939-09-03
Lake Superior Iron Ore
Shipments Up Sharply
~ the Associated Press.

~ tHe ASSOClAte0 fIeSB.
CLEVELAND, Ohio, Sept. 2.-ves-
sci movement Of Lake Superior iron
ore during August totaled 1884 $50
gross tons. the Lake Superior Iron
Ore Association reported today.
These shipments were the largest
since September, 1887, when 9,173,-
991 tons were moved and compare
with $500 1888 tons In July this year
and with only 3,325,715 tons during
August last year.
This brings the ore movement for
the season to September l to ~ 1885,
767 tons, more than the 1928 oil
tons for the entire 1888 shipping sea-
son and double the 10,872, 400 tons to
the like date last year.
Evening star., 1939-09-03
Large Grain Holdings
Put j. ). Farmers in
Good Position
War Commodity Price
Rise Likely to Bring
Loree Profits
BY FRANKLIN MULLIN.
Associated Press Financial Writer

CHICAGO, Sept. 2.-American
farmers, having retained ownership
of larger proportion OF their grain
crops than ever before, are in ex-
cellent position to benefit econom-
ically from any commodity price ad-
vance that might accompany a pro-
tracted European war, grain market
experts said today.
Large quantities Of grain har-
vested during the past three seasons
now are in the producers hands.
having been held of the market
because of low prices and the in
ducements offered by Government
loans.
Sealed In Granaries.
Sealed In cribs and granaries
under Government loans are more
than 300,000,000 bushels of wheat
and corn which otherwise might
have been marketed. The price ad-
vance scored in domestic grain mar
kets in one session yesterday after
the outbreak of hostilities abroad
increased the theoretical market
value Of this huge supply more than
$4,000, 900.
Fighting in Europe began on the
very day that thousands of farmers
who have received loans aggregating
$146 ,000, 900 on more than 257,OOO,-
600 bushels of corn were expected to
decide whether they should pay off
their loans and redeem the corn,
obtain loan extensions for another
year or default and turn the grain
over to the Government.
The fact that corn prices have
been below loan rates for some
months convinced grain experts that
farmers either would extend the
loans or default to the Government.
A sudden squirt in the price, such as
occurred yesterday, changed the pic
ture, traders said.
Problem Would End.
A general war Of long duration,
pushing corn prices above loan
levels. would dissipate the farmers
and Governments problem Of carry
ing large supply of old corn in
addition to a big 1899 crop, they
predicted.
A similar situation exists in wheat.
AS Of August %, grain farmers had
pledged 57,500.0OO bushels of 1899
wheat as security on loans believed
to average around 81 cents a bushel
on the farm. Even more wheat is
believed to have been shipped to
elevators and terminal markets with
farmers eligible to obtain loans re-
tanning ownership pending applica-
ton. This is an unusual situation
in grain marketing procedure.
The Nation has large supplies of
all grains. There was a large carry
over of old corn and wheat and the
harvest of wheat, corn, oats, rye and
barley this season will approximate
4,427 900 900 bushels.
Evening star., 1939-09-03
Tire Bills Go Down

AKRON, Sept. 2 (SpeciaD -
Twenty-Five years of rubber research
has improved tires to the point where
the average motorist today need
spend only SIT a year for replace
ment tires compared with $40 a
year for five replacement tires in
1915, according to j. j. Newman,
vice president Of the 3. r. Good
rich Co
Evening star., 1939-09-03
Archer-DunieIs Shows
$1,839,482 Profit
By the Associated Press.

BY the Associated Press,
NEW YORK. Sept. 2-Archer.
Daniels-Midland Co., for the year
ended June 80, reported net profit
Of s1,839, ,482 after charges, equal
after preferred dividends to 1901 a
common share, compared with net
profit of $437, ,738 or 43 cents . COM
mon share in the preceding year.
The company, professors of edible
oils and products, has plants at Min
neapolis, st. Paul, Milwaukee, Chi
cago. Toledo, Buffalo, Edsewater,
N. j.; Portland, Ores, and Ere.
donia, KanS.
Evening star., 1939-09-03
Domestic Air TruveI
Sets Record in July
BY the Associated Press.

6y the ASSOClated FIess.
The Civil Aeronautics Authority
reported yesterday that domestic
airlines carried 170,913 revenue pas
sengers In July, new record.
This was an increase of 55.18 per
cent over July, 1888, when 110,14l
passengers were carried. In June
this year revenue passengers to-
tailed 164,57S and in May 149 ,291.
Evening star., 1939-09-03

more OF its at
tention to its own
problem of max
ing a living for
itself and men,
bers and less to
regulation by the
Securities and
Exchange Com
mission.
M r. M ar t | n
made clear his
feelings that in
recent months
t h e exchange
has had to de-
vote fan much
Evening star., 1939-09-03
W. T. Grant Earnings
Jump to $769,934
By the Associated Press,

By the Associated Press.
NEW YORK, Sept. 2.-W. r.
Grant Co., and subsidiaries, oper-
ators of chain of variety stores,
for the six months ended July 81
today reported net profit of $769 1884
after charges, equal after preferred
dividend requirements to 40 cents a
common share.
This compared with net profit Of
$154,890 or A cents a share on the
5 per cent cumulative $40 par value
preferred stock in the like period q
year earlier.
Evening star., 1939-09-03

lCdH 1nSUlCuS Oh
B a n k | n G, by
Francis E. Robey,
chapter presi-
dent. Miss Fisch-
er is a gradu-
ate of the Amer
lean Institute of
B a n k 1 n g, h a S
been active in
w a S h | n & t o n
Chapter for sew
eral years. and
has pre- v i ously
served on the
Board of Gov
ernors of Beaver
Evening star., 1939-09-03

fr1vate Employees Lead.
While the Government pay roll is
larger than the private pay roll,
there are more private employees
than Government workers. This
fact is not often recognized in busi-
ness and legislative circles here.
Private and Government employees
by months for the last year COM
pared as follows:
Evening star., 1939-09-03
Ponuceu for Bockoches

NORTH KANSAS CITY, Mo-, Sept.
2 (SpeciaD New product of the
month 50 far as American home
owners are concerned would appear
to be j. w. Steele Co.'S dande-
lion extractor, which enables one
to clear lawn without bending over
to dig up the weeds.
Evening star., 1939-09-03

42.73s 45,Oa1 51.471 s2.e1e
Metropolitan Area Gains.
Returns required in various sec
tions of the metropolitan area for
various years follow:
1884. 1885. 1885. 1887.
;oSr county. s.9lst' Nd. e,se7 1898 4,275 4,s5s
County: Nd. 1886 s.s27 1859 e,a44
- County, Va. s,4ss S,s11 5,s44 s4o4
County, Va. 4s4 52s 71s se5
Total 1920 $500 1s,5o1 e1.471
Not only Is the total income large
In the National Capital 1t is spread
over very wide range and creates
broad and therefore extremely
productive market.
Living Costs Lower.
While incomes have been expand
ing steadily here, Washington con-
sumers also have benefited by lower
living costs, a study of Labor De-
partment reports indicates.
Living costs in the Capital on
March Is this year stood at $50 per
cent of the 1923-25 average, which
compared with S7.1 on the same
1888 date, 87.8 on the 1887 date and
867 on the 1886 date.
1t is interesting to carry the index
back further. 1t stood at the high
est of the last Is years at 1925 in
June, 1920. receded somewhat in
1921 and 1922, rose to 1908 in Sep
tember, 1928, declined early in 1924
but came back to 100 in December
Of that year, advanced through
1925 and 1926 and reached 1925 In
Evening star., 1939-09-03
Washington Stock Exchange will be

Washington Stock Exchange Will be
resumed at the end of this week.
Savings and loan associations ac-
counted for 80 per cent of all home
mortgages recored in American
cities and towns in July, officials
OF the Federal Home Loan Bank
Board stated yesterday. The amount
recorded by the associations was
$105, 500, 900.
Evening star., 1939-09-03

Martin Hits Too Much Control.
William McC. Martin, jr.. presi-
dent of the New York Stock Ex-
change. declares that the time has
come for the exchange to devote
Evening star., 1939-09-03

4lCoHleS OF llU,1Zb persons living
IN the District of Columbia were
large enough to require the filing of
Federal income tax returns in 1887.
q recent report from the Internal
Revenue Bureau shows.
Returns from 21,471 additional
persons living in the adjoining Sec
tion of the Washington metropolis
ton area were required in the same
year.
Two important facts stand out in
the report. The number of returns
required in Washington was far
greater than in other comparable
cities and comparisons with the
three previous years revealed that
returns in both Washington proper
and the metropolitan area were in
creasing at a faster rate than in
other cities.
Returns Compared.
Returns required in Washington
and comparable cities for various
years follow:
Evening star., 1939-09-03

Two Sections Compared.
Private and Government pay rolls
for the same months compared as
follows.
Evening star., 1939-09-03

AN ILLUSTRATION OF STABIL1TY-Whie the chart of
combined private pay rolls shows the June
total above both the previous month year ago.
outstanding feature the steadness which characterizes the
Washington pay roll
Evening star., 1939-09-03
rent in various years follow:
Refrigerator Sales Rise.

Sales of household electric refrig-
orators to dealers and jobbers in the
District Of Columbia climbed to IA
9l9 units in the first seven months
of this year, according to a report
from the Edison Electric Institute.
This contrasted with 11.90l units
sold here In the same 1898 months.
July sales of 2064 units also showed
a sharp increase over Ito recorded
for the 1888 month.
Sidelight on Building.
An interesting sidelight on build
ing activity here came yesterday
from a Labor Department report
showing 1854 dwelling units con-
structed in urban areas of the
United States in the first half of
this year, compared with 104,22l in
the same 1888 period.
The report listed 33l1 units built
in Washington in the first half.
against 1850 in the same period last
year.
Only 10 States had totals larger
than the District with its 50 square
miles. They we're New Jersey. New
York. Pennsylvania. Illinois, Michi-
gan, Ohio, Florida, Louisiana. Texas
and California. The 80 others. in
cluding such States as Massachu-
setts. all trailed behind the National
Capital.