davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-04-21
Wheat Trend Erratic
As Profit Taking
Follows Rise
Chicago Market Closes
Unchanged to Half
A Cent Higher
BY FRANKLIN MULLIN,
Associated Press Market Write,

Associated freSS Market writer.
CHICAGO, April 20.-Three cents
net gains chalked up by the wheat
market this week continued to at
tract profit taking and sales to even
up trading accounts today, which
resulted in nervous price 1uctua-
tions throughout the short session.
An early slump of 5s cent was
wiped out within the first half hour,
when prices rallied cent to score
net overnight gains ranging up to
q cent. Thereafter quotations
steadied and closed unchanged tc
y cent higher, compared with yes
terday's finish; May, $111as-A ;
July, sl.09s-s4.
Corn at one stage rose to equal
or within fractions of the three
year peak established earlier in the
week. but closed unchanged to %
higher than yesterday; May, 6424 :
&; July, 65s4 -5s. Oats were B-4
up; rye, 7s-s4 higher and lard s.
10 up.
Strength in securities and
prospects of only little precipitation
over the grain belt encouraged
enough wheat buying to offset profit
taking and hedge selling, some OF
which was inspired by reports OF
lessened tension in the Mediter-
ranean. Unfavorable crop reports
from Europe, coupled with the fact
that much man power has been di-
verted from agriculture to warfare
encouraged the belief here that Eu-
ropean harvests will be smaller this
season.
Grain range at principal markets
today:
Evening star., 1940-04-21
Quarters Volume Down.

quarters Volume Down.
The smaller March totals, in ad.
dition to an extremely quiet jan
uary, caused the first-quarter con-
struction volume to fall far behind
the same 1899 period, although, with
that exception, IT was the highest
for the period on record.
Total construction worth $l9,632.-
2l9 during the quarter compared
with s24 ,205,3 1853 a year ago. Resi-
Dental building valued at $1l,424.7l1
compared with $13,561,370 a year
ago, while 2,845 families were pro-
vided for against 1924 in the 1899
period.
Non-residential activity in the
quarter was down to $780,. .l29
against s8,835,791 a year ago, while
additions, alterations and repairs
worth 81 ,300,379 compared with ST.
808,192 year ago.
Total construction, residential ac-
tlvlty and families provided for in
the first quarter of various years
follow.
Evening star., 1940-04-21
Building and Loan Group
To Hear ConcIave Plans

The monthly meeting of the ex-
ecutive council, District of Co
lumbia Building and Loan League,
Tuesday noon at the Raleigh Hotel
will be featured by the report Of
Robert E. Buckley on the South
eastern group conference slated for
May 6-7-8.
Mr.. Buckley, a member of the di-
rectorate of the Southeastern divi-
sion, United States Savings and
Loan League, stated yesterday that
400 building and loan executives
from the II States and the District
Of Columbia will attend the Louis
vile meeting.
Led by William N. Payne, jr.,
president of the local league, the
Washington party will include two
oficial delegates from Washington,
Martin A. Cook, secretary of the
Enterprise Building Association, and
F. Wilson Camp, secretary Of the
District Building and Loan Associa-
ton.
Others in the delegation are Will
liam H. Dyer, assistant secretary,
Perpetual; w. H. Branz Of the
American; Robert E. Buckley, presi-
dent, National Permanent, and
Samuel Borden Of Baltimore.
Evening star., 1940-04-21
F. H. A. Activity Indicates
Home Building Boom
BY the Associated Press,

New evidence of a coming home
building boom which might set q
12-year record was reported yester-
day by Stewart Mcdonald, Federal
Housing Administrator.
He said all records for F.. H A
home financing were broken during
the week ended April 13, for the
fourth successive week, as construc-
ton was started on 3,7o0 new units
under F. H. A. inspection.
For the first time, too, applica-
tions for F. H. A. mortgage ir1sur-
ance on new homes exceeded 5000
breaking past records for the sew
enth successive week, while mort
cages selected for appraisal reached
a peak of 6,647, amounting to
29,978,0O
Secretary Perkins reported that
permit valuations for new residen-
tial construction totaled one-third
greater in 1899 than In the preced-
Ing year. The dollar volume of resi-
dental construction for which per-
mits were issused was 81 l,169 900 900
she said, higher than for any other
year since 1929.
Evening star., 1940-04-21

Frank P. Harman. jr., assistant
vice president Hamilton National;
Richard E. Harris, assistant treas
urer American Security g. Trust
Co.; w. Frank D. Heron, vice presi-
dent Union Trust Co.; Fred Mckee,
vice president Security Savings g.
Commercial: James B. Skinner, vice
president Liberty National; Horace
r. Stokes, cashier National Metro
pohtan, and George o. Vass, vice
president and cashier Riggs Ma
tional.
National Councillor Named.
Charles j. Zimmerman, president
Of the National Association of Life
Underwriters, has appointed Thomas
Evening star., 1940-04-21
MergenthaIer Report,
Profits Up Sharply
For Half Year
$33.893 Net Contrasts
With $280,4l1 Loss
Shown Yeor Ago
BY EDWARD C. STONE.

IN one of the first semi-annual
reports ever issued by the Mergen-
thaler Linotype Co., President Jo-
seph T. Mackey yesterday reported
q surprising upturn in earnings,
which will interest thousands of
stockholders, inclding the very large
number in Washington.
The report disclosed business
again in the black, net operating
profits in the six months ended
March 81 amounting to $33 1893 go,
In comparison with loss of $780,
41129 in the corresponding six
months a year ago. That means a
net improvement, before deprecia-
ton, of $314,3O489.
Other non-manufacturing income
during the six months totaled $685.
24970 against $143,787 making a
total profit, before depreciation, of
1852 ,24330 as compared with $780,
62393 last year. Depreciation this
year totaled the substantial sum of
$l52,961.81 compared with $166, ,689 .16
a year ago.
After deduction of depreciation,
the Mergenthaler company reported
a net income of $9,281 49 against a
loss of $303, ,31309 in the like six
months year ago. The sudden up
swing in earnings makes the outlook
for the second half year still
brighter. Last year business was
much better in the last half year
than in the first half. This leads
to the assumption that dividends
may be resumed before the end of
the company's fiscal year on Sep
tember 80.
Based on the last annual report,
Mergenthaler stock has been SELL
ing around 151a and lower on the
Washington Stock Exchange. The
stock sold up to 1873 last Friday and
closed the week with 15h bed, Of
fered at 1885.
Barker Made Hotel Chairman.
Willard G. Barker, president, Nor
fis Plan Bank, has been named
chairman of the Hotel Committee
Evening star., 1940-04-21
Bond Prices Advance
On Favorable News
From Abroad
Italian Issues Jump;
Demand for Junior
Corporotes Improves
BY the Associated Press.

As tsic 7oooSshgcu EAOso.
NEW YORK, April 20-Sensing
favorable implications in the for
eign news, the bond market moved
ahead broadly today.
Italian dollar loans showed a
burst Of strength on French Premier
Reynaud's declaration in Paris that
friendly conversations were proceed
ing with Italy ard Spain looking to-
ward an entente in the Mediter-
ranean.
Italian government Is shot up Az
points to SIS. Rome 6hs made a
similar gain and the Milan 6Ias
rose 3ss. Italian Public Utility Is
clumbed 5l2. Danish. Belgium and
Canadian issues also improved. Ger
man obligations weakened as did
Norway IS and New South Wales IS.
Aside from the cable news, there
were some industrial reports point
ing to faster business tempo in
the line Of spring revival. This
helped to broaden support for many
domestic bonds in the so-called
speculative class. Low yield cor
porates were steady, but U. S. Gov
ernments again slipped back, clos
ing with losses running 10 13/32ds
on small volume.
Up a point or more at the end
were Wabash first SIS at 44A, Puerto
Rican American Tobacco stamped
IS Of ~ at 83, International Tele-
phone SIS at 38, International Hydro
Electric IS at 68, and Great North
ern &c" As at 10l%.
Closing fractions to a point lower
were American g. Foreign Power SIS
at IS, Illinois Central ANS at 42ss,
and Walworth As at ST.
Transactions totaled S3,078. TOO
face value, against $3,256,0O0 the
previous Saturday.
Evening star., 1940-04-21

Tor the June con-
vention of the
District Bankers
Association a t
Hot S pri n 6 S,
President Ord
Pre- S ton an
nounced yester-
day.
G e orge M.
Fl S h er, vic e
president a n d
treasurer, Wash
ington Loan &
Trust Co., has
been appointed
vice chairman.
The other mem
AAnn
Evening star., 1940-04-21
Revision of Missouri
Pacific Plan Barred
BY the Associated Press.

The Interstate Commerce Com
mission refused yesterday to modify
its plan of reorganization for the
Missouri Pacific Railroad and sub
sidiary companies to provide for
participation of present stockholders.
The road had petitioned for modi-
fication of the plan to include issu-
ance of warrants emitting present
preferred and common stockholders
to subscribe for common stock of
the new company.
In its order today the commission
said, "It is evident that no equity
remains to the stockholders"
Evening star., 1940-04-21
Lower Net Reported
For Amerudu Corp.
BY the Associated Press

by tJIc aSSUCIdItU ItSS.
NEW YORK, April 20.-Net profit
of Amerada Corp. and subsidiaries
in 1899 totaled s1,230,764, or $1.56
share on capital stock, compared
with $1,634,486, or $207 capital
share, in 1898, A. Jacobsen, presi-
dent, told stockholders in the an
nual report. Company produces and
sells crude oil and natural gas in
the Midwest, Southwest and Cali
fornia.
Evening star., 1940-04-21
Jones Investment Firm
Adds Four Stoff Men

Robert G. Jones g. Co., investment
bankers, announced yesterday that
Barry Townsend has resigned from
the trust department of the WASH
ington Loan g. Trust Co. to become
associated with the firm Mr.. Town.
send entered the banking field here
some years ago on leaving Amherst.
Mr.. Jones also announced that the
following men have recently become
associated with the firms sales staff !:
James Parks. Bruce Brown and
Charles Slaughter. 4
Evening star., 1940-04-21
Cotton Mill Activity
Tops 1899 Despite
March Decline
94.4 Per Cent Rate
Compares With 1916
For February
BY the Associated Press.

oy VIC hScoSidtSa 1900.
The Census Bureau reported yes
terday that the cotton spinning in
dustry operated during March at
94.4 per cent of capacity on a two
shift, 80-hour-we basis, compared
with 996 per cent during February
this year, and 86.6 per cent during
March last year.
Spinning spindles in place March
81 totaled 24,959,3 1852, of which 22,-
555 ,036 were active at some time
during the month, compared with
24,985 $50 and 22,803,79 for Feb
ruary this year, and 25,827,970 and
22,472 $3.50 for March last year.
Active spindle hours for March
totaled 1890, ,884,543, or an average
of BIT hours per spindle in place,
compared with 1896, 6,178,276 and 331
for February this year, and $685.
568 ,348 and 319 for March last year.
Active spindle hours and the
average per spindle in place for
March, by States, follow:
Alabama, 635 ASP 1865 and 348;
Connecticut, 130,728081 and 249;
Georgia, 1,104 4,9O4,551 and 343;
Maine, 182,727,078 and 267; Mas
sachusetts, 714,258,776 and 214; Mis-
sissippi, 52923,l98 and 35l; New
Hampshire. 97,679,0 ,099 and 26O; New
York, 77,598,376 and 1886; North Car
olina, 1908, ,627 ,564 and 327; Rhode
Island, 257,972 ,352 and 272; South
Carolina, 2,122, ,174,156 and $50; Ten
nessee, 228 8,539, 1856 and 412; Texas,
78,478,463 and 1888; Virginia, 18l,-
998, ,260 and 285; all other States,
LAG, 1922 1868 and 207.
Evening star., 1940-04-21

Thomas p. Morgan, Jr. Under the by
laws, the president of the association
IS the national councillor, but as
Mr.. Zimmerman cannot be here, he
asked Mr.. Morgan to serve in that
capacity. A previous appointment
as one of the delegates is automati-
cally Cancelled.
Mr.. Morgan is past president OF
the District of Columbia Life Un-
derwriters' Association.
Upham Safe Deposit Speaker.
c. B. Upham, vice deputy control
Ter of the currency will be the guest
speaker at the April dinner meeting
at the Lee House of the safe deposit
section of the District Bankers
Association. The meeting takes
place next Wednesday night, be-
ginning at $50.
Ord Preston, president of the Dis
trict Bankers Association; A. M.
McLachlen, T. Stanley Holland and
John A. Reilly, vice presidents; Al
bert S. Galley, treasurer; Frank j.
Hogan, general counsel, and Donald
W. Adi SOli, oCS1CIdly y, WILL NC ~ OoS11o.
Advisory Council to Meet.
General economic conditions,
trends in mortgage lending, matters
affecting the Federal Home Loan
Bank System and operations of the
Federal Savings & Loan Corp. will be
considered at the semi i-annual meet
ing of the Federal Savings and Loan
Advisory Council here tomorrow and
Tuesday. The Winston-S Salem dis
trict, which takes in this area, will be
represented by George w. West of
Atlanta. w. Waverly Taylor of
Washington is also a member of
the council.
Insurance Men Honored.
The Aetna Life Insurance Co. of
Hartford announced yesterday that
H. Cochran Fisher and Freeman
N. Stricklin of the P. D. Sleeper
agency in Washington are among
the company's leading producers in
the United States. MIR. Fisher is
the first and Mr.. Stricklin the third
man in the company to qualify for
the last 10 consecutive years for at
tendance at the yearly conference,
attendance being based on produc-
ton. The next conference will be
(See STONE, Page B-11.)
Evening star., 1940-04-21

P. Morgan, jr.,
who is manager
of the Washing
ton Office of the
Mutual Life In
surance' Co. of
New York, as
national council
or to represent
the association
at the 28th an
nual meeting of
t h e I'm i t e d
States Chamber
of Commerce, it
was announced
Evening star., 1940-04-21
March Leud Output
Far Above Year Aoo
BY the Associated Press.

NEW YORK, April 20-United
States production Of lead in March
increased to 48,400 tons from 43,317
IN February and 40,799 in March a
year ago, the American Bureau of
Metal Statistics said today.
Stocks at the end of March in
creased to 1882 tons from 72.65s a
month earlier. but were still far
below the 122,035 reported at the
end Of March last year. March ship
ments totaled 46,353 tons, against
39,176 In February and 4O,871 in
March, 1899.
Evening star., 1940-04-21
RetuiI Auto Sales
Soar Above Yeor AGO
b the Associated Press.

b the ASSoctated Press.
DETROIT, April 20.-The Auto
mobile Manufacturers Association
reported today that March retail
sales Of new passenger cars and
trucks totaled 398, 1856 units, an in
crease Of 20 per cent over the same
month . year ago.
Retail deliveries for January were
ass .4S8 and for February 284,0l3.
The total of 967,816 for the first
quarter compares with 750, 0,404 dur
ing the corresponding period. of 1899.
Evening star., 1940-04-21
Earnings Improve

CHICAGO, April 20 R).-Gardner-
Denver Co. today reported net profit
OF $227, 1878 for the quarter ending
March 81, eequal after preferred
dividends to IS cents per common
schare, compared with $216,7 ITO, or
SO cents, the corresponding 1899
period.
Evening star., 1940-04-21
Pere Marquette Net Suqs

CLEVELAND, April 20 R.-Pere
Marquette Railway today reported
March net income Of $5,593, after
all charges, q decrease Of 1856
from March. $780,
Evening star., 1940-04-21
Slackeninx Foreseer


Slackening in building activity for
the first quarter of 1910 was widely
predicted at the start of the new
year and is viewed by many real
estate leaders and builders as a
healthy aftermath to the $l09,457,-
tbs construction record set in 1899.
During that busy 12-month period,
accommodations for 1888 families
were built at cost of $55,5O5, 1852.
Moreover, the four years prior to
1889 already had piled up an i'm
posing construction volume.
From the start of 1885 through
March. 1910, public and private con-
struction in the Washington Metro
politan Area totaled $416, ,631 1880.
This included residential building
providing for 53,637 families at 4
cost of $220, ,786, ,016.
Fairfax Scores Gains.
Among various sections of the area
during March, the metropolitan part
of Fairfax County furnished sharp
contrast to the general trend by reg
istering sharp gains over the preced-
ing month and year ago all along
the line.
Building in the metropolitan por-
ton OF Montgomery County was
ahead of the preceding month, but
remained slightly behind year ago.
In metropolitan Prince Georges,
total construction was behind both
the preceding month and a year ago,
while residential activity climbed
ahead of the preceding month, but
was slightly below March, 1899.
Alexandria building in March was
above the preceding month, but far
behind year ago.
Arlington County and District of
Columbia construction both Jagged
behind February a year ago in all
classifications.
At number of points in the latest
report, increases in the valuation of
residential building were accom-
panied by declines in the number of
families provided for, indicating
fewer apartment projects and 4
larger prOpOrClon OF detached or
sem1-detached dwellings,.
Results Summarized.
Total construction, residential
building and the number of families
provided for in March, the preced-
Ing month and March, 1899, appear
below for the various sections:
DISTRICT OF COLUMBIA.
March, 1910 ss.ss7.s1s sien sS,ien 100 n5s: bss
March SsS 1888 1859 43SasSSSSS 33SsSSS sssa5sS sasa55ssSS
MONTGOMERY.
March 1870 S1,1s5,4s4 S1,12s,499 21O
March asS 1853 1859 1Sssss SSssssss lsssSSSdt lsssSt aaSS3
PRINCE GEORGES.
MsssA H. st stsf5ss Y5s s2tsS sattsssSSS IL Il
March, 1889 632,623 346,30O 10z
ALEXANDRIA.
March. 1910 S332,ssO S275.4ob AZ
Feb. 1910 259,72S 1a6'613 ia
March, 1889 6O3,75O 42S'S0S 1oS
ARLINGTON.
March, 1910 Ss54,O5O S732. .O5O 1as
Ess March 1888 1859 1fSssfSs 1ssfS5s izsS$ izsS sls
FAIRFAX.
March Nsb LEA as4o s2azs9S s9S s13ss.99sso 9so g
March, 1899 1885 $1,000 2S
Quarters Results Shown.
Evening star., 1940-04-21

Cottonseeu OIL Closed STEADY, bIeachable
prime, summer, yellow. 635b; prime, crude,
tember, 667b; October. 6.67b.
Evening star., 1940-04-21
Quarters Results

Quarters Results Shown.
All sections except Fairfax reg
istered declines from a year ago in
the first three months of 1910.
The only other exception was in
the District of Columbia, where, de-
spite q lower valuation of residential
building, there was an increase In
the number of families provided for,
due mainly to the inclusion of q
low-rent housing project under the
slum-clearance program in Feb
ruary.
Totals for the first quarters Of
1910 and 1889 in the different Sec
tions compare as follows:
Evening star., 1940-04-21
New Orleans pricex

NEW ORLEANS. April 90 QP.-Cotton
futures advanced here today on weekend
shorts covering and strength in securities
CLOSING prices were steady, 3 to points
net higher ~
Evening star., 1940-04-21

chicago CaSh Market
Cash wheat No. 2, hard, 1.13la: No. 9.
yellow, hard, 1,1234-113; sample, / ,03;
No, 8. red: I.13A. Corn. No. /. mixed,
mainly white. 74h; No. 2, 741a; No. l,
yellow. 67-6sA; No. 2, 661a-6sA; No. 3.
67s4 Oats. No. /, feed Al: No. 2, mixed,
42& sample, 391a: No. 2. white. 45-45s4;
No. 3. 44-4434; sample. 39Ha. Barley,
mating, 1884, NOM: feed. 1880 nom.
Evening star., 1940-04-21

Sources: Ann Steel Wards. 3-Asso. Railroads
and 5N Stock Exchange 6Edson Institute 7Am. Petroleum
Inst 8-Poors 9-Dun Bradstreet 10 1-Reerve member
banks in 101 cities 1-Fed Revised
Evening star., 1940-04-21
Winniper Cash Market.

No. 1. Northern, eos; No. g. SS34; No. 8
s6ts Oats. No. 2. white. 3eIa; No. B.
3734
Evening star., 1940-04-21
Insurance Men Honored.

(See STONE, Page B-11.)
Evening star., 1940-04-21
THREE MONTHS. 1910

While total construction In II,
Evening star., 1940-04-21

what Stocks Did.
Evening star., 1940-04-21
Weekly Financial Hiqh Liqhts
BY the Associated Press

Money and bank rates:
Call money, N. Y. Stock Exchange
Ave. yield long term Gvt. bonds.
New York Reserve Bank rate.
Bank of England rate e-.-.
Evening star., 1940-04-21


Willard G. Barker, president, Nor
fis Plan Bank, has been named
chairman of the Hotel Committee
Imperial Valley press., 1940-12-29
ID Apartments for Rent

FOR RENT-Furnlsned very de-
sirable, modern, we'll furnished
flat. Inquire 500 Olive. l 2
Imperial Valley press., 1940-12-29

For Reaching Most People at
Smallest Cost Use PPOst Press
Want-Ads.
Imperial Valley press., 1940-12-29
Business Services

WANTED-Dry Eucalyptus wood,
cut for stove or fireplace.
ED ROYCE. Phone 123-W.
Imperial Valley press., 1940-12-29

IL TON CHEVY Truck. Want to
exchange for good pickup. 821
Main. IL 81
Imperial Valley press., 1940-12-29

HIGH School girl for mothers help
er. SAT Vine. Mrs John +. Bales.
Room and Board and SIN. salary.
II 81
Imperial Valley press., 1940-12-29

1899 DODGE four-d door Sedan. Fin
insh and interior like new, good
mechanical condition. Original
owner. Radio and heater. Priced
right. 819 Euclid Ave, Phone 931.
1890
Imperial Valley press., 1940-12-29
Lost, Found Astray

)ST OR strayed, jet black female
Cocker Spaniel, green studded har-
ness. Answers to "Topsy". Re
ward. Phone $50.
.ACK Billfold on hwy, between
II Centre and Calexico, Dec. 21.
identification cards cliff Reed"
reward. Call Ell Centre 1850. Ii
Personals, Special Notices
Imperial Valley press., 1940-12-29

I3 Business Opportunities

BEAUTY SHOP for sale reasonable,
terms. Owner must leave valley.
Phone BraWley 122.
Imperial Valley press., 1940-12-29

For Reaching Most People at
Smallest Cost Use PPOSt Press
Want-AdS.
Imperial Valley press., 1940-12-29

PLYMOUTH Coupe $1350O. Have
enlisted in the Army Flying Corp.
Phone 1878 or 8707-J-l. 12 81
Imperial Valley press., 1940-12-29

FOR SALES Chevrolet Coupe,
Phone 1889.
l |
Imperial Valley press., 1940-12-29
IS Trucks Tractors Tr0iIers

Platt. Giyder. KoZy-Coach
Travel-ome, Covered Wagon, etc.
PAVNY'S TRAILER MART
Trailer Brakes and Equipment
Easy Terms Palm Springs
Imperial Valley press., 1940-12-29

WANTED Lady to help with house
work and care of 2 small children
Room, board, salary. Phone Holt
vile 245. II 81
Imperial Valley press., 1940-12-29

L LOST-Ladies black suede purse,
Tues. evening, near TrDcadero.
Finder keep change & return purse
to Post-PresS. 12-3l
Evening star., 1940-11-30
Robber, Told He Missed
$1,000, Faints on Stand

A 23-year-old colored man tainted
on the witness stand in District
court yesterday after he learned
that he had overlooked $4,000 in
the robbery for which he was on
trial.
Eddie johnson, who tainted, and
his partner William Walker, 25, also
colored, were accused of stealing
wallet full of bills from James
w. Callan of Alexandria, an auto
mobile salesman, who had just hit
the daily double.
They said they had not robbed
Mr.. Callan, but had taken the purse
from one Eight Ball" Manning
after they had witnessed a holdup
by him in the 900 block of N street
NV. Each of the men said he
took about $50.
1t was after Assistant United
States Attorney Cecil r. Heflin had
asked if they had not seen three
900 bills tucked in an inside
pocket that Johnson tainted. Court
was recessed few minutes to al
low him to get his composure and
to restore order in the courtroom
and then Justice James w. Morris
sentenced johnson and Walker to
serve from one to three years.