davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Sales Of Radio Sets
Climb Well Above
1899 Records
Industry Seeks Larger
: Volume by Pushing
Hiqher-Priced Units
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, Sept. 1870 far in
1910 the radio industry has bettered
by a substantial margin the sales
records chalked up in 1889, reports
Dun 81 Bradstreet, Inc.
Manufacturers unit sales have
run better than Is per cent above
last year, when total volume ex-
ceeded 10000, 900 receivers. A favor
able sales stimulant is the publics
intense interest in European war
news and In the presidential cam
paign. Buying of the smaller, mex
pensive models has continued strong
and these count heavily in unit VOL
ume.
With turnover at highly salts
factory rate, the industry's efforts
now are directed toward translating
volume into net earnings. Profit
margins have been Skinned in re-
cent years by the increased en-
phasis given low-priced sets and by
outbreaks OF price cutting, partic-
ularly in retail channels. In 1899.
the average retail price Of receivers
was only $34, compared with well
over 500 10 years earlier. Since the
latter part Of 1899, the value of the
average unit sale has shown a slight
upward tendency. so that currently
1t is estimated closer to $40. 1t is
not improved sufficiently. however. to
raise dollar sales volume to the
peak Of proportions Of 1887.
Efforts to increase dollar totals
have resulted in more emphasis on
The relatively expensive radio-phono-
graph models. Television receivers
and the new frequency-modulation
sets, although still of small volume
Importance, are also counted upon
to add to the average unit sale.
Meanwhile, the volume market Is
being constantly widened by i'm
proved mechanical and styling fea-
lures. Latest innovations include
low-priced record players with auto
matte changers and candid camera
type portables.
Although no comprehensive in
ventorv figures are available. reports
suggest fairly healthy stock condi-
ton in the industry. Manufacturing
activity in 1899, as revealed by en-
ployment statistics. was below the
1867 level despite very SUBJ
stantial increase during the latter
part Of the year. In the first half
Of 1910, employment was above the
same period of 1889 but still below
1896 and 1887"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Excess Bank Reserves
Rise 50 Millions
During Week
Decline in Circulation,
Spending and Gold
Purchases Cited

By the Associated Press.
The Federal Reserve Board said
today that lendable excess reserves
of banks increased $50 100000 to So
540,000,000 in the week ended Sep
TENDER H.
The increase was due to a seasonal
decline in money in circulation,
Treasury spending and Treasury
purchases of gold
The boards statement said:
During the week ended Septem-
Der II. member bank reserve bal
ances increased s72,OO0,OOO. Addi-
tons to member bank reserves arose
from decreases of S12,0O0O00 in
money in circulation, $4,000 900 in
Treasury deposits with Federal Re
serve banks and S5,000000 in Treas
ury cash and increases of S37. 900 900
in gold stock and 81 900 900 in Treas
ury currency, offset, in part, by de-
crease of S5000.000 in Reserve bank
credit and an increase of $4,000 900
In non-member deposits and other
Federal Reserve accounts Excess
reserves of member banks on Sep
TENDER II were estimated to be ap-
proXimately S6540,0O0,OOO, an in
crease Of $50,000000 for the week. ="
Changes in member bank reserve
balances and related items during
the week and the year ended Sep
TENDER II, 1910, we're reported as
follows:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Cuba to Sell Bonds
To Poy U. S. Concerns

BY the Associated Press.
HAVANA, Sept, ia bill author
ling the issue of new public works
bonds to settle debts owed two
United States contractors was sent
today to President Laredo for his
signature.
Already approved by the Senate,
it was passed by the House early
this morning.
The new issue will be $500 900
pesos ST 1907 500 of Az per cent
bonds. The proceeds will be used
to pay long-standing debts owed
Warren Bros and Purdy & Hender-
son. who built vast number of
roads, bridges and public buildings
in Cuba under the Machado regime.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Building Permits Down
Moderately in August

BY the Associated Press
NEW YORK. Sept. 13.-Building
permits issued in August fell mod
erately below the previous month
nd slightly under the same month
year ago, Dun & Bradstreet, Inc,
reported today.
The decline from August, 1899.
was traceable directly to a sharp
drop in New York City permits.
Excluding New York City, permit
valuations were H. l per cent greater
than year ago.
Permit valuations for 2l5 cities of
the United States amounted to
$ll608l ,257 in August, compared
with 24,497,826 in July and s117,-
1928 in the corresponding month
last year.
Excluding New York City, permits
totaled s102,O41, 1866 against SILL
942s640 the previous month and $751;
808, 291 a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Business Prospects
Frightened byBig
Defense Contracts
Luree-SeuIe Spending
Ends Worries on
Possible Delays
Srecial Dispatch to The Star.

Srecial Dlspa tch to The Star.
NEW YORK, Sept. l3.-Judeing
by the defense contract figures now
pouring out of Washington, the in
fuence of our armament program
on business generally is going to
be powerful, according to D. w.
Ellsworth, editor, in the current
issue of the Annalist.
so far as the immediate future
is concerned" he adds. there is
no longer much need for worrying
about the much discussed delay in
the awarding of contracts. The
defense program is getting under
way on large scale"
In the week ended August "a
total Federal contracts by Govern
ment agencies reporting to the De-
partment of Labor. including. Of
course, the War and Navy Depart
ments. as we'll as other agencies
awarding contracts under the terms
of the Walsh-Healy Act, were at
new high record of more than
100000.
Weekly Average Raised.
This raised the weekly average
for the four weeks ended August
"a to s42 1927 900, as compard with
s34 1853 900 for the four weeks ended
July o. 1t is indicated that in
the week ended August 81 defense
contracts alone amounted TO about
s65.164 900
That the defense program was
playing an important part in the
behavior of general business in Au-
gust as well as in July. when there
was sharp increase in orders re-
ceived by manufacturers, seems rea-
sonable to assume, Mr.. Ellsworth
explains.
The seasonally adjusted index of
new orders received by manufac-
turerS, which is computed by the
National Industrial Conference
Board, increased to 13l in July from
lit in June and ITO in May. Thus
the Annalist moving average of new
orders moved to its highest level
since last November.
Behind much of this advance, he
points out, must be defense con-
tracts, since the Conference Board
has stated that among the new
orders marked increases occurred in
the equipment industries, including
building, electrical, machinery and
railroad equipment, whereas for
-dl1ro h1n OonIc go
by the textile, paper and shoe in
duStrieS, declined
Inventories Large.
The value of inventories also
increased in July No matter how
reckoned, Mr. Ellsworth SAYS. in
ventories are high, but the signifi-
canoe of their size at this stage of
our huge defense program is not
the same as it would be in normal
times.
The increase in inventories also
is linked, probably, with the de-
Tense program. as suggested by the
Conference Boards statement that
in July most significant advances
were in chemical, iron and steel,
machinery, paper and railroad
equipment industries.
In the figures on engineering con-
tracts awarded, as reported by the
Engineering News-Record, the de-
Tense program is reflected, also.
The August weekly average was
lower than the July average. but
it was high enough to push the
Annalist moving average for the
three months ended August a to
its highest level since May, 1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Consumption Of Chemicals
Holds Steady Levels
Special Dispatch to The Star.

NEW YORK. Sept. l3-Reports
regarding activities in manufacture
ing industries during August. &C
cording to Chemical e. Metallurgi-
cal Engineering. indicate that con-
sumption of chemicals gained in
volume in the iron and steel, tex
tile. coal products. leather and ex-
plosives branches but was reduced
in the paper, paint and varnish and
petroleum refining industries.
The preliminary index for con-
sumption of chemicals for August
is 1877, which compares with a re-
vised index of 1864 for July. The
indexes for August and July, 1889,
were 1928 and 1l14l. respectively
The comparatively steady rate Of
chemical consumption in the last
two months promises to give way
to an accelerated pace IN coming
months, as early September reports
credit enlarged operations in diff
ferent manufacturing lines. The
stimulus Of the defense program
is making itself felt not only in
greater direct demand for chemi-
calls for the manufacture of ex-
plosives but also in purchases of
goods from chemical consuming
producers.
For instance, Government buying
Of wooden goods has been heavy
enough to insure a fairly high rate
Of output at mills for some time.
Buying of steel has become pro-
excessively active and promises to
push production beyond the record
levels of the latter part of last
year. Glass mills are recovering
from the usual summer slowness.
although surprisingly large output
OF containers was reported for July.
The tanning trade. which Jagged
for the early part of the year, is
now on an upward trend.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Railroads Disclose
88 Per Cent jump
In Export Traffic
August Volume Shows
Shorp Gain Over
Same 1899 Month

Export trafflc through Atlantic
and Gulf ports in August. 1910, was
approximately SO per cent greater
than in the same month one year
ago. according to reports Just COM
piled by the manager of port traffic
and made public today by the Asso-
citation of American Railroads.
Cars of export, freight other than
grains, unloaded at Atlantic and
Gulf ports in August this year to-
tailed 1884 cars, compared with
27.278 cars last year, or an increase
of 24,056 cars. This was the largest
amount of export traffic moved
through the ports since the Associa-
ton of American Railroads estab-
lished the Office of manager of port
traffic last November, exceeding
the previous high of 1854 cars,
reached in July this year, by 4,730,
or about 10 per cent. Cars of grain
for export unloaded in August at
these ports amounted to 1,472, COM
pared with l,60l in August last
year, a decrease of 8 per cent.
Congestion Avoided.
There has been no congestion or
delay at the ports despite the in
creased traffic, and the continued
liquid situation is due very largely
to the cooperation of steamship
lines, port authorities, exporters
and shippers.
At the port of New York the num-
Der of cars unloaded for lighter
age in August, 1910, averaged 865
daily, 81 cars less than the daily
average in June and slightly less
than the daily average in July but
higher than the average daily un-
lCadlngs in the first five months of
this year.
Eastbound freight, of which ap-
proXimately 90l per cent was for
export, lightered in August totaled
7093 6l tons, compared with 646 070
tons in July, 1910, and 299 ,634 tons
in August. 1889. This was an in
increase of 98 per cent, compared
with July. 1910. and an increase of
1867 per cent compared with Au-
gust last year The tonnage light
cred during August this year was
the greatest since the Office Of man
ager of port traffic was established
last November exceeding the pre-
vious high of 653.O07 tons. handled
in June, BY 56.354 tons or Sc per
cent.
The volume of export freight
other than grain, handled through
New York and other ports. Hampton
Roads and north, in August closely
approXimates that handled during
the World War period as evidenced
by the following figures showing
cars OF export freight. other than
grain. unloaded in August, 1918 and
1919, and 1910:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
London Securities Steady
Despite Air Raids
BY the Associated Pres.

BY the Associated Press.
LONDON Sept. 13.-Air raids cut
trading time in the stock market
today to about one hour but quo
tations were steadily maintained.
Interoffice dealings in British
government bonds continued even
during the bombing attacks; prices
ended mostly at unchanged levels.
The IS of "a SO, however, dipped ! :
point.
Leaders in the iron and steel
groups changed hands at overnight
levels. Most other industrials also
hoVered near the previous close.
Interest elsewhere was severely
restricted, although brokers seemed
pleased with the absence OF pres
sure in the face of shortened trade
and the nerve-racking lombard
ments.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Equitable Provides
For Military Leaves

BY the Associated Press.
NEW YORK. Sept 13-Equitable
Life Assurance Society of the United
States announced today that It's
employees enlisting or called to mil
itary service would get their jobs
same pay and seniority rights back
when they returned to civilian life
Those with the company year
or longer upon joining the services
will get three months pay, less
Government pay. Those employed
less than one year will get one
months pay.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Rich Briton Stranded
At French Resort

Stranded at Pau, French winter
resort IN the Pyrenees, is Leopold
Forsyth, an Enghshman who made
large fortune in Paris. He left
Folkestone when boy and grew
rich from a taXicab business. a
garage and an apartment building.
Fleeing with thousands OF others,
he made his way, often on foot, to
St. Jean de Luz and tried to cross
the border into Spain. Relatives in
England have failed to get money
TO him.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13

The volume OF traffic handled
through all ports. Hampton Roads
and north, in August, 1910, was SO s
per cent of that handled in August,
1918. and 95 per cent of the ALL
gust. 1919. traffic.
About % per cent of the railroads
storage space at the port of New
York is being utilized. leaving room
for approximately 1920 additional
carloads. There is also ample stor-
age space at the other Atlantic and
Gulf ports.
Cars of export freight, other than
grain, unloaded at Boston in Au-
gust totaled 1910, compared with
652 in August last year, or an in
crease of 156 per cent. There was
an increase of rs per cent in the
number of cars of coastwise and
intercoastal traffic unloaded at the
port, compared with August last
year.
At Philadelphia, 2,8l6 cars of ex-
port freight, other than grain, were
unloaded in August, compared with
l036 last year, or an increase of
l72 per cent.
Cars of export freight. other than
grain. unloaded at Baltimore in Au-
gust totaled 7,142. compared with
l,763 in August last year, or an in
crease Of 304 per cent.
At Hampton Roads, 5000 cars of
export freight, other than grain,
were unloaded in August, compared
with 1903 last year. or an increase
OF 10 per cent.
Cars of export freight, other than
grain, unloaded at Mobile totaled
1924, compared with l,OS4 in the
same month last year, or an in
crease of 10 per cent.
New Orleans Total Up.
At New Orleans, 3748 cars of ex-
port freight, other than grain. were
unloaded in August, compared with
2,242 last year, or an increase of
68 per cent. There was an in
crease Of l9 per cent in the num-
Der of cars of coastwise and inter-
coastal traffic unloaded at the port
compared with August last year.
Cars of export freight, other than
grain, unloaded at Galveston totaled
3,20l, compared with 2,242 in Au-
gust last year. or an increase of 43
per cent. There was an increase of
6 per cent in the number OF cars
of coastwise and intercoastal traffic
unloaded at the port compared with
August last year.
At Houston 2,412 cars of export
freight, other than grain, were un-
loaded in August, compared with
2,079 in the same month last year,
or an increase of 16 per cent. There
was an increase of So per cent in
the number of cars of coastwise and
intercoastal traffic unloaded at the
port compared with August last
year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Australia to Stop
Trading in Dollars
BY the Associated Press.

MELBOURNE, Australia, Sept. 10.
Federal regulations we're pub
lished at Canberra yesterday, order
ing holders of United States and Ca
madam dollars to sell them to the
Commonwealth Bank at the cur
rent rate Of exchange for national
purposes.
Trading in dollars becomes lille
gal and will be regarded as a serious
offense.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Wholesale Commodity
Index Up Slightly
BY the Associated Press.

The Bureau of Labor Statistics re-
ported yesterday an increase of GA
per cent in its wholesale commodity.
price index for the week ended Sep
TENDER 7.
The change raised the index TO 70
per cent of the 1926 average. and
was attributed to general advances
IN wholesale prices for grain, cattle
feed, livestock, lumber and wool.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
New York and Chicago
Bank Looms Climb

BY the Associated Press.
The Federal Reserve Board re-
ports a ssh OOO,O 900 jump in CONNER
cial. industrial and agricultural
loans of New York banks in the
week ended September II. This
brought outstanding loans of this
type in New York to S1,742 900 600
Chicago banks boosted similar
loans 100000 to SAL 900, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Universal Leaf tobacco
Earnings OFF Slightly

BY the Associated Press.
NEW YORK. Sept. 13-Univer-
sal Leaf Tobacco Co. and wholly
owned subsidiaries today reported
for the year ended June 80 net
profit of s1520044 equal after 8
per cent dividend requirements to
S707 a common share. This COM
pared with s1.529 .239, or s709 on
common. i'll the preceding year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Auto Production
Scars to 63,240
Units in Week
d, the Associated Press.

DETROIT, Sept. Edwards Au-
tomotive Reports estimated today
that this weeks production Of auto
mobiles would total 63.240 units,
compared with 42,445 this week a
year ago. Assemblies last week
numbered 1865.
The trade publication predicted
that next week would see a further
advance, probably to level of IS 900
units. It attributed this weeks in
crease to the movement of the larger
producers into volume assemblies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Metal Market

NEW YORK, Sept. - Cooper Arm
IL u "12-5O; export f,a.s. New York 900.
ward. 5O,O5. Lead steady spot New York
9o-95; East st. Louis. 4.75, Zinc steady.
East St. Louis spot and forward, 6s5
aluminium. platinum. Chinese wolfranlite
and domestic scheelite. UNCHANGED
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13

The length of the Egyptian coast
line is 1900 geographical miles.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Brokers' Looms Gain
S4,OOO,OOO in Week
81 the Associated Press.

The Federal Reserve Board re-
ported yesterday that last weeks
loans to brokers and dealers on
securities held by reporting men,
Der banks in New York City to-
tailed S2S5 100000.
For the week ended Wednesday
the total represented an increase of
100000 when compared with the
previous week
Loans for the corresponding week
a year ago totaled $3.50 900 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
MARYLAND Crops Smaller.

COLLEGE PARK, Md. Sept. 10 lP,.
Maryland's 1910 tobacco, commercial
apple and feed grain crops will be
considerably shorter than those of
last year. September | conditions
indicate, the Maryland Crop Report
ing Service said.
Tobacco production was estimated
at 2,405,00 pounds. an increase of
945.0O0 pounds over the August l
forecast but per cent smaller
than the 1889 crop of 29,796, 900
pounds.
The commercial apple crop was
placed at 2,015.00O bushels, a de-
crease of Is per cent from the 1899
production of 1852 900 bushels.
Prospective corn production is
Is 1858 900 bushels. per cent
smaller than the 1899 crop. A pro-
duction of l.O85,O0O bushels was in
dicated for oats, compared with l.
$4,000 bushels last year.
The service said indications were
the hay crop would be per
cent larger the potato crop II per
cent larger and the sweet potato
crop per cent larger than in 1899.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Corporate Financing
For Week Largestin
More Than Year
IS Per Cent of Total
Represents New Money,
Poor's Reports
DOLLARS
PER SHARE
By the Associated Press.

NEW YORK, Sept. 13-Private
corporations raised more new capt.
tai this week than in any similar
period in more than year, a tabu-
lation by Poors Publishing Co.
showed today.
Total public offerings Of new Sc
curitieS during the week ended yes
terday rebounded to S72 ,l89779 from
the abnormally low level of s6.4l9.-
$50 the previous week. Most of the
total was accounted for by cor
porate issues and 95 per cent repre-
scented new money rather than the
refunding of existing debts.
Issues marketed during the week
sold quickly. underwriters said,
promptly commanding premiums
above the Offering prices in OPEN
market sales The excellent recep-
ton accorded them by investors is
expected in Wall Street circles to
speed up financing plans now under
discussion.
The weeks offerings compare as
follows.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
tobacco
Badly Damaged by
Virginia Rains
Ten Per Cent of State
Crop Declared Ruined
During August
BY the Associated Press.

RICHMOND. Va. Sept. l3.-The
heavy rains and floods of August
ruined about 10 per cent of
Vlrginias flue-cured tobacco crop,
the State Department of Agricul-
ture reported
Approximately / or 2 per cent of
the corn in the central, southern
and southeastern districts of the
State was flooded and was a COM
plete loss, the departments report
said, while the prospects for pea
nuts declined II per cent below the
August forecast due 10 the long
wet period.
The wet weather caused some
rotting OF Irish and sweet potatoes:
seriously damaged" the canning
tomato crop in Bedford, Floyd and
other counties in the Roanoke area;
reduced the yield OF watermelons
on the Eastern Shore. and damaged
the bean crops in Carroll and other
southwest counties.
Fruit Crop Hurt.
The rains also carried their havoc
to the fruit crops, spreading brown
rot in peaches and lowering the
quality of that fruit, and causing
considerable rot on grapes.
Some livestock was lost during
the floods. but while this loss was
heavy for a few individual farmers.
the total represented only a small
percentage of the livestock in the
State.
To offset the flood and rain
damage, the Agriculture Depart
ment said that the rains were help
full to dry sections in Northern
Virginia and in parts OF eastern
and western districts where there
was a minimum of soil washing.
Summing up the outlook, the re-
port said that wheat, oats, buck
wheat, potatoes, peaches and hay
were expected to show larger yield
than last year. while the production
Of corn, rye. barley, sweet potatoes,
apples, tobacco and peanuts will
be less than last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13
Fderul lund Banks

NEW YORK, Sept. 10 0P.-Federal Land
Bank bonds:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13

TN millions Of dollarSO
Sept. Sept. Sept.
u l. -.
1870 1870. 1889.
~
Nogales international., 1940-07-27
Heavy Rainfall
At County Points

Cattlemen, ranchers and farmers
in the Patagonia, Sonoita and San
Rafael districts are jubilant as a
result of heavy rainfall this month.
Up to Thursday the total rain
fall this summer in those areas
had been as follows:
San Rafael Ranch 5.07 inches,
Patagonia 469, and at w. D. Par
ker's ranch seven miles northwest
of Sonoita inches. There was 2.05
inches at San Rafael Monday and
1.65 at the Parker ranch Wednes-
day.
There has been 4.20 inches at the
Wilshaw Ranch since June 20 and
ga inches since January /. There
was .05 Monday, .26 Tuesday and
1.26 Wednesday.
The first rain Of the month at the
Bird Yeas ranch east Of Alnado fell
Tuesday night There was so of an
inch and another half inch Wed
neSday.