davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-08-02
~. S. Exports
To Russia Rise
| |SevenfoId
BY the Assoc ed Press.


United States exports to Russia
have grown sevenfold since recog-
milton of the Soviet in 1888, the
Commerce Department reports.
With negotiations under way for
renewal Of the commercial treaty
with Russia. which expires August 6,
the department made public these
figures on trade between the two
countries:
In 1888 the United States sold
So, ,997 900 worth of goods to Russia,
and sold more in each of the follow
ing years until peak of $69, ,691 900
was reached in 1888. In 1889 sales
totaled $56, 1886, 900. and in the first
five months of 1910 amounted to
$36, ,104 900.
During this period principal items
sold to Russia have been machinery,
ferro-alloys, copper, aircraft, petro-
leum products and some wheat and
other food products.
United States imports from Rus
sia rose from $12,114,000 in 1888 to
peak of $50, ,768, 900 in 1887; 1889
purchases from Russia amounted to
$25 ,023 900, and purchases in the first
five months this year totaled 8,774,-
600. Principal purchases have been
furs, anthracite, manganese, crab
meat and various chemicals.
Trade between the two countries
slowed up at the time of the Finnish
war, but revived again in subse-
quent months.
Evening star., 1940-08-02
Chicago Grain
BY the Associated Press,


CHICAGO, Aug. 2-Wheat and
corn prices turned lower today, but
most OF the selling was attributed
to commercial transactions. Corn
fell almost 2 cents.
Contracts not deliverable until
late this year or in May next
year showed most weakness. Some
hedging of wheat was in evidence
and some sales of corn were based
on reports of improved weather con-
ditions, but traders also watched
price movements of other commodi-
ties, particularly the lows registered
in sugar and coffee futures.
An agreement involving British
purchase of 100000 900 bushels of
Canadian wheat for the current crop
year ending in July, 194l, attracted
attention but had little or. no eff
feet. Traders said this type Of inter-
governmental purchasing was to be
expected in view of war conditions.
They said the 100,000,00O bushel
figure represents less than Is per
cent Of Canadian exportable sur
plus expected to be available after
harvest of the new crop.
Wheat closed A-1h cents lower
than yesterday, September. 751z-
755s; December, 76-761s; corn. 1-1a
down. September. 60ss -601a; Decem-
ber, 567s; Oats, 2-34 down.
Evening star., 1940-08-02
Pittsburgh Railways
Reorganization Proposed
By the Associated Press.

By the Associated Press.
PITTSBURGH. Aug. IA long
awaited trustees reorganization
plan for the Pittsburgh Railways Co.
system was filed in Federal Court
yesterday with the object Of pro-
viding the Pittsburgh district an
adequate, attractive and modern
mass transportation service"
The plan provides for formation
of a new corporation into which
would be merged the So traction and
incline plane companies now oper-
ated under lease agreements.
In effecting this merger the COM
pany would issue s26,315 900 worth
of common stock and 19,883, 500 of
general mortgage bonds which
would be given to owners of the
various companies for their present
holdings.
Approximate present value placed
upon the transportation system was
sac, 1884, ,489.
Evening star., 1940-08-02
Bond Averages
10 Low-Yield Bonds.

By the Associated Press.
NEW YORK, Aug. a. Selective
buying in a group of rails and
industrials kept the bond market
fairly steady today although
changes in the general list were
narrow.
Going into the final hour gains
of / to 2 points and in some cases
more, were posted by Erie convert
ible As, Florida East Coast 412s,
Central Foundry SIS and IS, Gulf
Mobile and Northern SIS and 5i2s,
and New Orleans Texas and Mexico
4l5S.
A small gain in Lehigh Valley As
resulted from expectations for an
early court decision on the roads
petition to have its voluntary finan-
cial assistance plan declared bind
ing on all parties.
Others gaining or holding firm
included Baltimore & Ohio stamped
convertibles, Delaware & Hudson
refunding 4s, Youngstown Sheet As
and Texas Corp. IS. Hesitant were
American Telephone 3As, Great
Northern &c" As of '46, International
Paper IS and Pennsylvania 4l2s
of '65.
United States Governments, in
slim transactions, held compare
lively steady.
Foreign government dollar loans
generally declined. Italian issues
suffered the major losses.
A transfer of four French stamped
7lss in the final hour at 81 repre-
sented a gain of full point for
that issue. Norway As also came up
in late dealings to end at 4213, up
2. The balance of the market showed
little variation from its earlier pat
tern.
Evening star., 1940-08-02
Gold Certificates
In Reserve Bank
Decline $4,000,
Member Bonk Balances
At New York Show
Drop Of $4,000, 900
BY the Associated Press.

By the Associated Press.
NEW YORK, Aug. 2.-Gold GER
tif1cates held by the New York
Federal Reserve Bank and due from
United States Treasury decreased
about $79,00o,000. the banks weekly
condition statement discloses.
Member bank reserve balances
showed a drop of $4,000, 900 and
the United States Treasurer's &C
count rose about 5000 900. Hold
ings of United States Government
securities showed a small decrease.
The condensed statement follows:
Gold certificates on hand and due from
q. s. Treasury SS93s. S62, 900; total re-
serves, S9,044,292 900; bills discounted,
secured by s. Government obligations,
81 65, 900: total bills discounted, 1850. 900:
bills bought in open market, none; indus.
trial advances. 81 .S11 900; total U. 8. Gov
ernment securities, S75O.353OO0; total
bills and securities. S752 533. 900; uncol-
iected items, S163 s45,O 900; Federal Re-
serve notes in actual circulation. $1,406.-
292, 900: deposits. member bank, reserve
account $7.2S1 ,537 900; total deposits.
SS,312, 100000. Ratio of total reserves
to deposit and Federal Reserve liabilities
combined. 931 ner cent.
Evening star., 1940-08-02
Commodity Prices

NEW YORK Aug 2-The Associated
Press weighted wholesale price index of 35
commodities today declined to 69.71.
Previous day. 69.79; week ago, 69.77;
month. ago, 71.79: year aeo. GAL.
194O. 1890. 1898. 1897
E1sh Hoa ss:ss $3.50 ss:2s ss7s ssss ass afa4 af44
I926 average equals 1909
Miscellaneous Markets.
re; Rio No. I. SO Cost and freight Of
ferings included Santos. Bourbon. IS and
5s at $4,000. Santos No. 'D'' futures
closed ] higher: sales, 1000 bags. Septem-
Rio o, Nc, - a., futures unchanged: no sales.
interests lifted futures 3 to g points today.
Trading was quiet, attributed to slow busi-
ness in domestic raw wool centers. Oc-
tober. a1.0: December $40; March. 81 .5b;
spot, standard tops, $50: unchanged.
CRUDE RUBBER--Futures closed 7-25
higher; sales. No, l standard; 20 con-
smoksd sTsess 4PSed spo 1906
RAW HIDES-Futures closed clio lower.
Sales 100000 pounds. September, 500:
December. 9.0s-O9: March. 9.2Sn
Spot. No. l Western light native cows,
LEAD-Futures closed unchanged to 1
lower. Sales, 100000 pounds, all switches.
STRAITS TTN-Futures. $3.50 lower.
Sales, s3 500 q pounds AUGUST, 81 Son;
RAW si siLKEFatures eI%f rasuNs; No. / closed n-s
lower. Sales. 10 bales. September, 2.49b
COCOA--Futures closed rs higher
Sales, 1.487 tons. September. 4.O9n; De-
cember, 4.25; March. 4.37.
b Bid. Nominal.
Evening star., 1940-08-02
S285,464,000 Securities
Registered for Quarter
By the Associated Press.

BY the Associated Press.
The Securities and Exchange
Commission reported yesterday that
20l underwriting firms participated
to the extent of s285 ,464 900 in 81
issues registered under the 1888 Sc
curities Act during the three months
ended June 30.
Participation aggregated $780,
850,000 in IA bond issues, $61 ,543,-
600 in 10 preferred stock issues, and
$34 ,071 900 in 13 common stock is
sues.
Sixty-six New York City firms
handled s195,737 900, or 68.6 per cent
OF the total underwritten and q
New York firms managed 92.9 per
cent of the total.
Evening star., 1940-08-02
Phelps Dodge Corp.
Reports S5,SO4,53S
As Six Months Net
Holf-Yeur Earnings for
American Cyonomid
Are $3.024,128
BY the Associated Press.

BY the Associated Press.
NEW YORK, Aug. 2.-Phelps
Dodge Corp. and subsidiaries re-
ported today for six months to
June 80 net profit of $500, ,53s,
equal to $1.14 a share, compared =
with $4,601 ,038, or 81 cents, in the
first half of 1899.
r,,...,.. ,r'
Flintkote Co., building materials r :
manufacturers, reported for % dt
weeks to July 13 net income of S62l,-
40, equal to 90 cents a capital e
share, com pared with $610,330 ino-
the comparable period last years.
equal 10 VI cents. ani
Maytag Co. ~
Maytag Co., washing machine z
manufacturers, reported for the r.
June quarter profit of S342 ,090,nt
equal to 5 cents common share,
| against $172,759, or Al cents on the r
preferred stock, in the like 1897
quarter. or
Transcontinental & Western Air.
| q WI All,
Inc, reported for the first six =.
months loss of $390,68O compared -.
with loss of s355,86S in the first -
six months of 1899.
| American Cyanamid Co.
American Cyanamid Co. reported y.
net income in the first six months -, ~
OF s3,o24,128, equal, after preferred -
dividend requirements, to Sill a.
share on the common stock. This.
compared with s2,149,714, or co.. :,
cents a share, in the like 1885,.
| period. ~
Union Bag & Paper Co. Id
Union Bag & Paper Co. had netnf
profit of 1857 273 in the June quar-o =
ter, equal to SO cents a share orrn,
the capital stock, compared with. s.
s78,874 in the June quarter last year..
General American Transportation. 81
General American Transportation 1o
Corp. reported for the second quar- :
ter ended June 30 net profit of ST. -
039,502, equal to S101 a share on7S
the capital stock, compared withoS
S732, ,l22, or II cents, in the June,
quarter of 1899 se
National Dairy Products. %
The National Dairy Products
Corp. reported earnings for the six
months ending June 30, 1910, after ii
provision for interest, depreciation -
and Federal income taxes, were =
S5,l25, ,871.06 and, after allowing for :
preferred dividends were equivalent ~
to 76 cents per share on the COM
mon stock, compared with S101 per, z
share earned in the first half of =
1899. Results of operations of all 6,
foreign subsidiaries were excluded .
from the consolidated statement for
the six-month period ending June =
30, 1910. =.
R;geIow.s,nford r. n.
Net profit of the Bigelow- Sanford
Carpet Co., Inc, for the six months A
ended June 20. 1910, was S749 OBS IN
equivalent to s213 per share of COM
mon stock, as compared with net ;
profit of S6l7,046, or S171 per share, al
IN the first six months of last year. q
Canada Dry Ginger Ale.
:. Canada Dry Ginger Ale, Inc, re- :
'fported for the, June quarter net :.
profit of s343.56o, equal to Sc cents y
a share on the capital stock, COM "a
pared with s360,143, or So cents IN :,
the comparable 1889 period. o
Evening star., 1940-08-02
Former Justice Is Named
Bank Of America Officer
BY the Associated Pres

By the Associated Press.
SAN FRANCISCO, Aug. IA. p.
Giannini, chairman of the board OF
Bank of America, said today L. E..
Birdzell, former chief justice of the
North Dakota Supreme Court and
general counsel of the Federal De-
posit Insurance Corp, had been
elected vice president and senior
trust officer of the bank.
Mr.. Birdzell served as justice of
the North Dakota Supreme Court
16 years and was chief justice three
terms.
He will assume his duties with
Bank of America August 5, succeed
ing the late William j. Kieferdorf.
Evening star., 1940-08-02
Odd-Lot DEALINGS

The Securities Commission re-
ported today these transactions by
customers with odd lot dealers OF
specialists on the New York Stock
Exchange for August 1-1,833 pur-
chases involving 47,376 shares; 1851
sales involving 46,949 shares, in
cluding 30 short sales involving CTS
shares.
Evening star., 1940-08-02
Ore Shipments
On Great Lakes
Near Record
~ the Associated Press.

by lQe AosoS2deCd AeSS'
CLEVELAND, Aug. 2. - Great
Lakes vessel shipment of Lake
Superior iron ore during july
amounted to 1o,433, ,4SS gross tons,
largest monthly total since the all
time record of 10,811,381 tons of
August, 1887, the Lake Superior Iron
Ore Association reported today.
This compares with 9,525,494 tons
the previous month and 6,3O9, ,sSS
tons in July last year and reflects
the speedup of the lakes vessel
industry to virtual capacity to sup
ply the raw materials for the
United States defense program.
The July movement brings the
total for the season to date to 27,-
7O2,178 tons, an increase of 12,160,-
9e1 tons, or 1925 per cent, from the
like period of 1889.
Evening star., 1940-08-02
u. S. Treasury Notes
NEW YORK. Aug. 9 P-Prices quoted
in dollars and thrty-seconds:
Boston Wool Market

BOSTON Aug 2 GP.-tUnited States
Department Of Agriculture) Very little
today. Demand was mostly for small
quantities Of fine territory wool In original
bags. Some inquiries were being received
quarter blood bright fieeces at 37-3S cents,
in the grease but 1t was reported to be
difficult to secure good woods at this price.
Evening star., 1940-08-02
NEW YORK CURB MARKET

IN bankruptcy or recefvership or beins
reorganized under the Bankruptcy Act, or
securities assumed By such companies
Rates OF dividends in the foregoinR table
are annual disbursements based on the
last quarterly or semi-annual declara-
ton Unless otherwise noted. special or
extra or extras d Accumulated dividends
paid last year Declared or paid 50
far this year. PLAYABLE in stock Paid
last year h Cash or stock K Accumu-
lated dividends paid or declared this year
ur Under rule, WV With warrants. xw
without warrants war Warrants.
Evening star., 1940-08-02
Dry Goods Market

NEW YORK. Aug 2 P,-Scattered busi-
ness was transacted in gray goods at steady
prices Sales Of print cloths this week are
estimated at triple the current production.
Some interest was shown in sportswear
fabric specialties made from spun rayon,
but business as a whole was Disappointing.
Woolen piece goods purchases remained
slow with scattered buying of tropicals
cutters in the pure silk trade incurred
more freely for dress materials.
Evening star., 1940-08-02
Loans 10 Brokers Increase
From Previous Week
BY the Associated Press.

BY the Associated Press.
The Federal Reserve Board re-
ported yesterday that last weeks
loans to brokers and dealers on
securities held by reporting member
banks in New York City totaled
1902, 100000 the week ended Wednes-
day and the total represented an
increase of $14,O00,O00 when COM
pared with the previous week. Loans
for the corresponding week year
ago totaled $501 100000.
Evening star., 1940-08-02
New York Sugar

NEW YORK, Aug. 2 P.-Absence of raw
basis stimulated trade and speculative COW
erirg in domestic futures today Prices
were up 2 to 8 points in late dealings,
World futures rallied after an easy
opening. Lack of selling pressure pro-
duced covering movement and prices were
september, sSk: December. .s3h.
Raws were frm with only a few Of
fered at 2.70 cents duty free and duty
paid basis Refined was steady and un-
changed locally at 4 4.20-4.35 cents.
Futures No. 3 closed PA higher. Sales,
Evening star., 1940-08-02
New York Metal Market

NEW YORK, Aug. 2 R.-Copper.
steady; electrolytic, spot, Conn. Bailey,
Il. II 25-l1 90; export, fas New York $50. o
ward. 510O Lead steady: spot, New
York, 5.OO-5.O5; East st. Louis 4.S5.
Zinc, steady; East st. Louis, spot and for
ward, 6.25. Pig iron, tluminum. ant4rnony.
quicksilver, platinum. Chinese wolframite
and domestic scheelite. UNCHANGED.
Evening star., 1940-08-02
Chicago Cash Market.

Wheat. No. hard, 1914: No. 3. 7eHs
sample grade, 69-75: mixed grade: ~
mixed. .31A4 No. / white. 81 1a-32: No 2
31&-32; No. ! white heavy. 32-32s4 No
| white bright, 321a: No. l white heavy
bright, 80; No. 2 white heavy, 32-32 u
No. white heavy bright. 32Hs; No. i rec
heavy, 311a-s4: No. l mixed heavy, 31-32
No: B. 31A. Barley, mating, 1854 nomi.
nal: feed, 35-45 nominal
Evening star., 1940-08-02
Foreign Business Advices

by tEt HSsOCldteC Press.
Business advices to the Commerce
Department from representatives
abroad include: Cuba - United
States refrigerators in demand
Denmark-Medicinal ads prohibited.
Brazil - New cellulose process
claimed.
Evening star., 1940-08-02

Quotations furnished by National Asso-
ciatiop of Securities Dealers, Inc. which
transactions or firm bids or offers, but
should indicate approximate prices and
the SPONSORS or issuers "
ANot quoted by sponsors or issuers.
Evening star., 1940-08-02
New York Cotton
BY the Associated Press.

NEW YORK, Aug. 2.-Cotton
prices f1uctuated either way around
previous closing levels today as
quieter textile markets and a tend
ency to await loan program an
nouncement restricted trading.
Light hedging was Offset by rou-
tine trade demand and in late
trading prices were a point lower
to 2 higher; October, 9.39; Decem-
ber, 9.27; March, 9O3.
Futures closed / HIGHER to / lower
Evening star., 1940-08-02
Foreign Markets

LONDON. Aug. 2 H1.-The stock market
modest turnover in British funds con-
tinued throughout the session, but Kaffirs
were neglected despite steady prices.
After a dull opening industrial leaders
attracted some attention, in which home
rails shared. Oil shares were without
feature. Copper issues improved slightly
LIVERPOOL Aug. Q R.-Modersts
hedge selling against Brazilian cotton low
cred the futures market to s points to-
day
Evening star., 1940-08-02

NEW ORLEANS, Aug 2 P-Cottonseed
yellow, 5.S5, nominal; prime crude, 4.75b:
September, 5.37b; October, 5.41b: Decem-
ber, 5.45b: January, Dab: March, 5.54b.
Bid
Evening star., 1940-08-02
New York Bank Stocks
Dividends Announced
NEW YORK, Aug. . tP,.-National 1
citation Securities Dealers, Inc:

NEW YORK, Aug 2.-Dividends an
nounced tprepared by Fitch Publishing Coz:
Regular,
Evening star., 1940-08-02

Cottonseed Oil.
Bleachable cottonseed oil futures closed
Ssh: October 5.SSb; December, 5.92b;
January, 5.93b: March, 6.02b. b Bid.
New Orleans Prices.
NEW ORLEANS, Aug. GF.-Cotton fu-
lures fluctuated quietly over narrow range
here today. Closing prices were steady
Evening star., 1940-08-02
CHICAGO Stock Market

=, CHICAGO. Aug. 2 lP.-Following is
the complete list of transactions on the
Chicago Stock Exchange today:
Evening star., 1940-08-02

Baltimore Quotation.
BALTIMORE. Aug. 2 [P.-Wheat No
red winter, garlicky, spot, domestic, 70
August, TO-
Evening star., 1940-08-02
WINNINGS Caeh NT,rL>,

WINNIPEG CaSh Market
WINNIPEG: Aug. 2 R.-Wheat. No 1
Northern, 51%: No 2; $50; No. 3 64ss
Evening star., 1940-08-02
sy private wire airses 70 Ths Ct

OVo IOf IUVI IU%
l 2M 25s 254
25s 1909 1904 1909
25s 24A PAN 24%
los IA "a IA
90s 100 100 100
5 u " u
3 5A SIS 5A
l 50 SO 50
Evening star., 1940-08-02

Nippon E P Gas SO - 5sH 5sh 5sK
ww-With warrants xw--Without war.
rants. NEW st (stp)-Stamped
sNegotiability impaired by maturity.
The Wilmington morning star., 1940-06-24

cause the rest are assigned to Gus.
toms duty and other work. Uruguay
has AZ warplanes, the newest six
years OLD.
The parliament of Uruguay has
taken steps to bolster the %defenses,
with a rearmament program includ.
ing purchase of planes and the build
ing of two destroyers and a chain
of coast guard %oefenses. They would
take two to three years to complete.
Chile. on the west coast, is buying
Is United States training planes,
undermining her radio communica.
tons and strengthening her navy.
In the event of war, the Argentine
navy-ranked eighth in the world
should work smoothly with the
United States fleet. Many of the
young Argentine officers received
their training in the United States.
Two United States army officers
visiter Ecuador recently and were
understood unofficially to have dis
cussed a joint defense program with
officials of the government at Quito.
President Eduardo Santos, of Col.
ornbia, said in a recent message to
his congress that defense of the Pan.
anna Canal is vital" to all South
America. He has been outspoken in
favor of defense cooperation with
the United States. .
The Wilmington morning star., 1940-06-24

ropean armament, especially FIR o
Sweden, France and Germany, are
undelivered because of the outbreak
of war.
One of the greatest problems in
South American defense prepare
tons is the fact that most nations
especially Argentina-have depended
on Europe exclusively to furnish
guns and munitions. With this
source cut off, a shortage of spare
parts for equipment already on hand
has become acute.
Argentina is trying to develop
munitions plants of her own. Facto-
ries are making small arms and ar
tillery ammunition, but production
from these sources is limited.
Brazil, which with the Argentine
would be the bulwark of South
American defense, has frightened cen
sorship on all military information.
Her army has been busy with maneu-
vers for several months.
Orders for $50 European anti-air-
craft guns were placed recently and
Brazilian sources said quick deliv-
cry was expected despite the war.
Little Uruguay, wedged between
Brazil and Argentina, has $50 miles
of vulnerable coast-guarded by an
army of only 1850. OF these only
LOO could be used Immediately be.
The Wilmington morning star., 1940-06-24
Situations Wanted

SALESMAN WITH YEARS Elk
perience, desires to make a change.
Box 831, City.
The Wilmington morning star., 1940-06-24
Radio and Repairs

COME IN AND SEE THE SKY
buddy! French Radio Co. Sales
and Service. Luke French, 1904
Market St., Dial 1878.
The Wilmington morning star., 1940-06-24
NOTICE TO PUBLIC

All Advertising appearing in these
InmDs is for reputable and reli
10 concerns. SO ia. as We can
usytain from a careful ~investiga-
AN
~ OUT intention. however. to
n that every firm that uses these
sunns is required to live up to
tr obligations. Therefore. should
u reply to any advertisement on
tt page and ser vices are not rem
srd as advertised. The Star News
unts to know it.
The U. S. postal regulations are
,u strict in such matters a. such
q at would be misuse of the y. S.
nail md the Star-News will see
many attempt to defraud is
mptly handled by the P. o. de-
Ermnnt
The Wilmington morning star., 1940-06-24
SOUTH AMERICAN
DEFENSES WEAK
New Airdr0mes Only Bright
Spot In Arms Picture Of
U. S. Neighbors

Editors Note: What about
the military strength of South
America? What are the cOun-
tries there doing in the way Of
preparedness? The following As
sociated Press special Sunday
service story gives many of the
answers.
The Wilmington morning star., 1940-06-24
Houses For Sale
Help Wanted. Male

w A N r E D CONTRACTOR TO
clear ten acres land. Pender
county I. C. Wright, Whining
ton, N. C..
The Wilmington morning star., 1940-06-24
TYpewriters

observation-disclosures
TYPEWRITER INSPECTION co.
PIG Princess, Dial 5092
The Wilmington morning star., 1940-06-24
Poultry

STARTED CHICKS - EASIEST
raised: 2,80t 3-weeks old Barred
Rocks, 15c each. Roudabush's
Seed Store.
The Wilmington morning star., 1940-06-24

WANTED-POsITION AS SECRE.
tary, bookkeeper or stenographer.
Young lady, college commercial
curse graduate. References. Dial
1927,
The Wilmington morning star., 1940-06-24

HIGH SCHOOL GRADUATES Sc,
lect a vocation now and lay a
sound foundation for your future.
Printing is one Of Americas larg'
est industries and offers young
men above the average in intelle-
eence and ambition wonderful OPP
portunities for advancement. In
structions offered in Hand Compo'
sition, Press Work. Monotype Key
board Operating, Monotype Caster
Operating, and Linotype Operating.
We have competent instructors
with years of experience in the
printing industry: modern equip
ment, For free catalogue write u
v q G~arriott. Secy.-Treas.. South.
ern School of Printing, 1h14-le
South street. Nashville, Tennessee'
The Wilmington morning star., 1940-06-24
Wanted

FOR QUICK RENTAL RESULTS
List Your Vacancies in the Want
Ads. Dial 3311-Cost Small.