davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-09-20
St. Louis Utility Trade
Reported Abandoned
BY the Associated Press.

BY the Associated Press.
NEW YORK. Sept. 20.-Floyd
Odlum, president of Atlas Corp,
said yesterday that a projected
trade of Laclede Gas Light Co. s
electric properties for the gas prop
critics of Union Electric Co.'S gas
affiliate in ST. Louis was abandoned
several months ago"
Union Electric Co.'S gas subsidi-
airy is ST. Louis County Gas Co.
Union Electric is controlled by
North American Co. Atlas Corp.
through Ogden Corp (the old Util-
tiles Power and Light Corp con-
trolls Laclede.
Reports had been waited about
the financial district yesterday that
the proposed trade had run into
difficulties.
Around seven or eight months
ago. when integra ton plans to COM
ply with the Utility Holding Com
pany Act were being studied, We had
some conversations with North
American about exchanging prop
critics in St. Louis which would have
the effect of taking North American
out Of the gas business in ST. Louis
and making it wholly an electric
utility. and. at the same time, put
ting Laclede on an all-gas operation
basis" said Odlum. The conversa-
tions, however. were highly informal.
The matter of price was never
brought up. There appeared at the
time to be too many mechanical,
legal and other difficulties in the
way, so the idea of the exchange
was dropped. 1t has been a dead
issue with us ever since"
Evening star., 1940-09-20
Merchants Organize
To Resist Unfair
Price Advances
Dry Goods Association
Will Ask Members
To Cooperate
By the Associated Press.

DJ tHt hooONIdLtu
NEW YORK, Sept. 20.-A plan to
enlist merchant cooperation for
protection of consumers against
higher prices during the Nation
multibillion dollar defense spend
ing has been announced by the Ma
tional Retail Dry Goods Association
The association said it had ap-
pealed to its $500 member stores to
obtain pledges from their merchan-
disc buyers to resist unreasonable
and unjustified increases in prices
in the months ahead"
The program for working with
Federal authorities in stabilizing
business conditions was Endorsed in
meeting of the directors of the
associations merchandising division,
the announcement explained.
Included in the pledge sought
from store buyers are:
Il Will vigorously resist any price
advances in the wholesale market
which seem TO me to be without
justification.
Il will report efforts by manu-
facturers and their statesmen tc
stampede me into buying unusua.
quantities by talk of shortage.
Il will not speculate in merChan-
| disc
Il will instruct my salespeople not
to talk to their customers about
threatened shortages and forbid
them to urge consumers TO buy now
before prices go upi'"
Evening star., 1940-09-20
Income From Livestock
Expected 10 Increase
Ry the Associated Press.

BY the Associated Press.
The Agriculture Department pre-
dicted today that livestock farmers
would receive a larger cash income
from meat animals in 1941 than in
1910 despite prospects that they will
have fewer to sell.
Livestock numbers on next jan
uary l, the department said. will be
between and 4 per cent less than a
year earlier, on an animal unit basis.
A decrease in hogs, it added, will
more than offset an increase in
cattle.
As a consequence, slaughter sup
plies will be smaller. With con-
sumner demand expected to be greater
than this year due to spending eff
fects of the national defense pro-
gram. prices can be expected, the
department said, to average higher.
The expected price increase, 1t
added, would more than offset the
reduction in supplies in determining
income from livestock.
This falls pig crop has been fore
cast at about 27,8OO000 head COM
pared with 100000 last fall. No
marked chenge in lamb supplies is
expected. The department said cat
tie numbers probably will increase
in the next few years, while hog
numbers may f1uctuate around the
level of the past two years.
Evening star., 1940-09-20
CHICAGO Produce

CHICAGO, Sept. 90 LP.-Poultry, live,
10 trucks; easy; hens. over 3 pounds,
15la; 5 pounds and under, 15: springs. 4
pounds IN. White Rock. 15l2; under 4
pounds, White Rock, 1914; roosters II:
UP, white. 12Ia. Other prices UNCHANGED.
Butter. receipts, 577,204; steady; mar
ket unchanged.
Eggs receipts. 6,279; easy; fresh graded.
extra first, local. 81; cars, 81; storage
packed frsts, 20l2; other prices un-
changed.
Potatoes, arrivals, "a: on track. 210:
light. demand very slow; for Western stock,
all varieties. market slightly weaker;
Northern stock. all varieties; dull and un-
settled: Idaho Russet Burbanks. U. S. No. l..
$3.50: long whites U. S. No. /, 1880;
Colorado Bliss Triumphs. U. S, No. l; ;45;
U. S. No. l. 90: Bliss Triumphs: so to 90
per cent U. S. No. 1, S5-95; Wisconsin
Cobblers, U. s. No. ]. ! 90.
Evening star., 1940-09-20
Chicoqo Livestock

CHICAGO. Sept. 90 GP Omitted States
Department of Agriculture) .-Salable hogs,
5000: total, $500; generally slow, steady
to weak with Thursdays average; closing
weak; bulk good and choice 200-910
pounds 66O-S5. top, 500; extreme SaS,
one load, 100; 270-300 pounds, 6.45-;O;
lower; 300-35O pounds. 590-6.30: $50
$50 pounds, 560-6.oo: 45U-5oO pounds.
o..e5-65.
Salable cattle. 800; calves 200; an
other very active firm market on Gamer
and cutter cows selling at SIS down to
400; mostly 4.50-5.75 all such cows 50
or more higher for week: medium to good
cows slow; steady at 6.25-7O 90; fed steers
and yearlines very draggy, weak: choice
kind absent; best, 1890 top, load, IL o5.
bulk, S.5O-l0.50; heifers in neeligible sup
ply, firm; common and medium grades,
1908 0O slow on good to near choice
offerings; best available today around
1880; bulls slow: steady at 200 down;
vealers, so lower at IL OO-12 90; very few.
l2.50; all grades and classes stocker and
feeder cattle dull and 25 lower for week;
heavy feeders, $3.50 of
Salable sheep, 1000; total. 5000; late
Thursday all classes steady: TOD native
spring lambs. a.10; bulk. good and choice
$3.50 90: medium good sorted, S.65; to-
days trade. spring lambs, mostly strong
spots. 10 higher; small lots, good ia
choice handyweight natives, p.25; bulk
9.00-l0; throwouts. mostly 200 down;
good to choice Ss-pound Westerns, 500
straight; fed yearlings, 7.50-75; fat ewes
scarce steady: bulk. 3.00-15: few light
weights to 400
Evening star., 1940-09-20
Retail Sales Climb
9 10 15Per Cent
Above Year Ago
Store Activity at Some
Cities Reaches Best
Level Of Year
BY the Associated Press.

BY the Associated Press.
NEW YORK, Sept 20.-Buying at
retail stores took on added zip this
week and sales for the country AS a
whole ran 9 to is per cent above a
year ago. contrasted with gains of
5 to 10 per cent in the preceding
week, Dun e. Bradstreet reported
today.
Retail activity at some cities was
at the years best level" the credit
agency said. Contributing factors
were the widespread improvement
in the seasonable weather, an in
crease in industrial activity, and
special prorhotional events in around
300 communities throughout the
country"
Commenting upon the faster pace
Of store business since cool weather
hit the Nation at mid-August, the
agency said stocks on shelves had
been sharply reduced.
inventories generally were re-
ported low" it added Shortages
were said to be developing in some
lines, especially in ready-to-wear,
but not serious enough to affect sales
volumes.
Delivery difficulties were encoun-
tered by some merchants in case
goods, occasional furniture and
metal goods lines. A strong tone of
confidence among shoppers was
widely noted, and sales resistance
was lower than it had been for some
time.
Some of the larger retail stores
estimated sales as much as 20 per
cent ahead of last year. Apparel
and home furnishings again we're
volume leaders"
Wholesale buying continued to
broaden. said the agency, adding:
although retailers were apparent
ly still reluctant to expand stocks
to the full extent of the sales gains,
they were said to be reordering fire.
quently and for larger amounts of
goods.
Wholesalers reports indicated
that the increase in the size of the
individual bookings this week was
the most significant factor in the
upturn in volume.
Low retail stock holdings were
indicated by the increased pressure
for timely deliveries
Evening star., 1940-09-20
Safes Of Gus-Fired
Furnaces Increase
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, Sept. 20-A crafty.
ing increase in the sale of gas.
fired furnaces throughout the coun.
try has been reported by c. w.
Berghorn. managing director of the
Association of Gas Appliance and
Equipment Manufacturers from the
associations national headquarters
in New York.
Mr.. Berghorn announced that
during the first seven months of
this year Ganuary through JULY
sales of this type of house heating
equipment were 485 per cent ahead
OF sales figures for the corresponding
months in 1899.
1t was also reported that during
this seven-month period domestic
gas range sales were up 1873 per
cent and that sales of gas water
heaters increased 1873 per cent.
Evening star., 1940-09-20
Record Backlog Seen
For Newport News
Shipbui|ding
s4oo, ,0oo, 900 Volume
Largest Ever Written
On Firms Books
BY the Associated Press.


NEW YORK, Sept. 20.-Unflled
orders of Newport News Shipbuild-
ing e. Drydock Co. currently aggre-
gate over 100000 900, the biggest
volume of forward business ever
written on the company's books, di-
rectors announced after a meeting
yesterday.
The company currently is employ
| ing 12.800 men, and when new ship
ways under construction are COM
| pleted, the number of workers is ex-
pected to expand to around 10000
Heavy Government business, in
| cluding construction of aircraft car
riers. helped swell orders on hand
Directors voted a dividend of 40
cents share on the common stock
and the first regular quarterly dlvi-
dend of SIPS share on the new
convertible S. preferred stock. both
payable November l to holders of
record october Is.
The board elected four new di-
rectors. They were Charles Francis
Adams, former Secretary Of the
Navy and chairman of the board of
State Street Trust Co, Boston: H
David Campbell, president of Chase
National Bank, New York City:
John M. Miller, jr., chairman of the
board of First e. Merchants Ma
tional Bank. Richmond, Va. and
Samuel L. Slower. chairman of the
National popk of Copopoerce Nor
folk, Va, and publisher of the Nor
folk Virginian-Pilot, Norfolk Ledger
Dispatch and Petersburg Progress
| Index.
Edward A. Adams. long secretary
and treasurer Of the company, re-
signed. George A. Parker and w
Graham Scott, both employees for
many years. were elected secretary
and treasurer, respectively.
Evening star., 1940-09-20

DIR. L. l.. kayser. kerS anC
more devoted citizens.
You have taken banking as your
profession. DR.. Kayser said. and
the organization of that profession
Is complex and its techniques are
contemplated. AS the focus of oul
economic system, banking stands
between private gain and social
need. The teller's window can never
be thought of without thinking OF
the customer standing in front of it.
Back OF a piece of paper, DR.
Kayser added. are promises, values.
services, commodities, a combina-
ton of good faith, of brain and of
brawn. The certificates awarded
here are evidence of the mastery OF
some of the ideas which banking
involves.
Dr., kayser called attention to the
tremendous expenditures by the
Government in recent years. budget
sheets now looking like astronomi-
cal calculations"
The draft bill" he asserted, sis
the largest appropriation bill ever
passed by an American Congress
1t appropriated several hundred
thousand man years of human life
OF human hope and youthful effort
optimism and enthusiasm"
Edward NJ. Blaiklock, president of
Washington chapter, presided and
q rGnI 1F
ton and prizes for academic
achievement. A. N. McLachlen
president Of the District Bankers
Association, and Eliot H. Thompson.
dean OF the institute faculty, spoke
briefly.
Prizes donated by the Washing
ton Clearing House Association and
the Charles j. Bell Memorial Fund
were awarded to the following
Standard graduates: First, w. Ed
ward Brooks, Union Trust Co.: sec
on. John S. Warner, Union Trust
Co.; third, Jackson P. Ravenscroft,
Hamilton National Bank Pre-
standard: First, Jackson P. Ravens
croft, Hamilton National Bank; Sec
ond, William H. Smith, Riggs Ma
tional Bank; third, Mary Frances
King, Federal Deposit Insurance
Corp.
The Spaid Memorial was awarded
to w. Edward Brooks, Union Trust
Co., and the bank women's prize
to Dorothy L. Werner, Hamilton
National.
Evening star., 1940-09-20
Planning Commission
Criticized for DELAY
In Rdzing Buildings
Citizens Group Charges
Menace TO jefferson
Junior High Pupils
DOLLARS
PER SHARE

The National Capital Park anc
Planning Commission and Distric
officials were criticized last night
by the Executive Committee of the
Southwest Citizens Association fol
delay in razing abandoned buildings
in tWo-block area adjacent to the
new jefferson Junior High School,
Failure TO demolish buildings ir
the area bounded by G and H street:
and Seventh and Ninth streets S.W
proposed site of the new South
west Recreation Center-was termed
a definite menace" to children a
the school which opened last Mon
day.
A resolution adopted by the COM
mittee stressed the lack of play
ground facilities, and added 1t is
inevitable that children will play
in the dangerous buildings"
Work Left Unfinished.
Pointing out that residents OF
the area were forced to vacate the
property In the cold weather oi
last spring" the committee declared
no move had been made since
partial demolition began at thai
time to complete the work.
Even if Wor kis resumed at this
time" Harry S. Wender, president
of the association. stated. "a def
mite menace exists to school chill
dren."
The Park Commission yesterday
announced approval of contracts fol-
purchase of remaining land in this
area as we'll as for the Midclty
Playground, Fifth street and New
Jersey avenue NV.
The two areas, along with scores
of others in the District. probably
will lie vacant and undeveloped foI
some time before annual funds al
lot:ed for playground development
can be spared. the District Recrea-
ton Department has said.
Sufficient funds, however, exist
for demolition of buildings in the
two proposed play areas, according
to this department. The Southwest
Recreation Center will form part oi
a co-ordinated educational anc
recreation unit because of its proX-
unity to the Jefferson School.
Another Area Cited.
The association committee alst
pointed out that a similar condition
exists in an area adjacent to thu
Hoover Playground, Second and \
streets SW, where deserted shack!
have remained standing for a lons
period.
Executives of the group set Oc'
tober % for its first meeting of tn,
year. 1t will be held in the new
Southwest Health Center, 1 stree
and Delaware avenue S.W.
The committee urged support O.
the Districts plans for conscriptior
registration and asked for additiona
police protection in the fourth pre-
cinct. where new Government build.
ings are under construction.
The Board of Education was urget
to caution District school children
against vandalism on Halloween.
Evening star., 1940-09-20
| Price of Scrap
Copper Raised
| Is of Cent
Pv tie Associated Press.


NEW YORK. Sept. 20-Scrap
copper was lifted i cent a pound
to the equivalent of about 11l2 cents
for refined metal today after a
similar rise yesterday.
Refined copper is quoted at 11l2
cents by all important sellers.
The advance accompanied reports
from fabricators of substantial in
creases in orders. The new business,
it was believed, indicated practical
capacity for many plants in the
next several months.
Domestic copper producers are
working at near peak output, or
about 10000 tons monthly, to assure
consumers of adequate supplies and,
if possible, to maintain adequate re-
serves.
Great Britain placed new orders
for vital war materials this week
and is inquiring for an additional
10000 tons of brass sheets.
Evening star., 1940-09-20
Pipe Line Building
For 1910 10 Total
S1oO,oOO,0OO
Defense Program Spurs
Extension of Vast
U. S. System
By the Associated Press.

By the Associated Press.
TULSA, Okla. Sept, 20.-Pipe line
construction will reach at least $780,
100000 this year, the largest in the
United States in a decade, the Oh
and Gas Journal said today.
New trunk lines and extensions to
old systems will total 5000 miles.
the publication said, pointing out
that the 225.000 miles of crude oil,
gasoline and natural gas lines is
under ground and safe from aerial
attacks.
Fuel needs of industries engaged
in the manufacture of defense needs
has been a factor in the building of
new natural gas lines.
The publication added that pipe
line projects larger than any COM
pleted in 1910 are practically assured
for next year. Applications now on
file before the Federal Power Com
mission cover four natural gas sys-
tens, totaling more than 5000 miles.
The new lines would connect Kansas,
Texas and Louisiana fields to North
east and Southeast industrial and
domestic markets.
Evening star., 1940-09-20
Excess Bank Reserves
Drop 10 Millions
During Week
Treasury Bonk Deposits
And Cash Increase;
Circulation Up
D. the Associated Press.

b. the Associated PRESS.
Lendable excess reserves of banks,
the Federal Reserve Board said. de-
clined 100000 to $500, 100000 in
the week ended September 10.
The decrease was caused by in
creases in Treasury cash. Treasury
bank deposits and slight boost
in money il circulation.
The boards statement said:
During the week ended Septem-
Der 18 member bank reserve bal
ances increased $28 900 .000 Addi-
tionS to member bank reserves arose
from increases of $4,000 900 in gold
stock, sl0000.000 in Reserve Bank
credit and s2,0OO,00O in Treasury
currency. offset in part by increases
of s24 900 900 in Treasury cash, s28,-
900 900 in Treasury deposits with
Federal Reserve banks, $4,000 900 in
money in circulation and S39 900, 900
in non-member deposits and other
Federal Reserve accounts. Excess
reserves of member banks on Sep
tember 18 were estimated to be ap-
proximately $3.50 900 900, decrease
of $4,000 900 for the week"
Changes in member bank reserve
balances and related items during
the week and the year ended Sep
tember 10, l940, were reported as
follows:
Sept Is, Sept IL Sept 90
1910 1910 1882
In millions Of dollars)
Evening star., 1940-09-20
Brokers' Looms Gain
S10,000,000 Week
by the Associated Press.

BY the Associated Press.
The Federal Reserve Board re-
ported yesterday that last week s
loans to brokers and dealers on Sc
curities held by reporting member
banks in New York City totaled
s295 900 900.
For the week ended Wednesday.
the total represented an increase of
100000 when compared with the
previous week.
Loans for the corresponding week
year ago totaled S405 100000.
Evening star., 1940-09-20

exercises at the
Willard H o t e !
last evening.
w in n ers of
m a ny special
S C h o ! a r S h i p
prizes were an
nounced and DR.
E I'm er Louis
Kayser, George
w a S h i n 6 t o n
University dean.
urged the Junior
t i n a n ciers to
c o n I | n ue to
make t h e m =
S e yes better
Evening star., 1940-09-20
u. S. Steel Disc|oses
Increase in Holders

By the Associated Press.
NEW YORK, Sept. 20.-The
United States Steel Corp. reported
yesterday its common stockholders
on August 20 totaled 164,794. an
increase of SGT over the May 81
figure.
Preferred shareholders increased
220 to 6S,627.
Evening star., 1940-09-20
$50 Tons Of Lead Sold

NEW YORK, Sept. 20 P.-St
Joseph Lead Co. reported rs tons OF
Southeast Missouri pig lead sold
yesterday at s4.75 per 100 pounds.
East st. Louis; l,675 tons at s495
New York, and 200 tons at the New
York average.
Evening star., 1940-09-20

Quotations furnished by National Asso-
elatlon of Securities Dealers, Inc, which
states they do not necessarily reflect actual
transactions or firm bids or offers. but
should indicate approximate prices, and
unless otherwise indicated, are as quoted
by the sponsors or issuers.
'Asterisk indicates. Not quoted by spon-
eors or isSuers."
Evening star., 1940-09-20
| New Securities
| Show Decrease
During Week
By the Associated Press.

By the Associated Press.
NEW YORK, Sept. 20.-The vol
ume of new security offerings fell of
during the week ended yesterday to
s37,436,l19 compared with $72,189,-
779 the previous week, Poors Pub
fishing Co. reported today.
The total was many times larger
than the corresponding week last
year, however, when new offerings
virtually dried up during the first
few months of the war.
The percentage of new capital in
cluded in the total also declined
accounting for only 26 per cent oi
the weeks offerings.
Comparisons follow:
Municipal.
This week. Previous week. Year aso.
S11,316.119 S14,376.279 S2.s4e,000
Public Utility.
-- 35s5.o0O
Railroad.
3o,3Os 900
Industrial
y 100000 1900, 900
Miscellaneous.
.5,O4O,ooo ~ 10000
Stock.
100000 292O.5OO e225O
Total.
s1436.119 7@.1s9,779 4,59o25o
Evening star., 1940-09-20
Washington Exchange

National Capital Bank-10 at IT'S.
Capital Traction 1st $500 at
1922.
Washington Railway G. Electric As
$500 at 107
Capital Traction 1st $500 at
1927.
Evening star., 1940-09-20
Al. B. Certificates
Awarded al Annual
Commencement
More Than 50 Members
Of Capital Chapter
Are Graduated

More than so members of Wash
tngton Chapter, American Institute
of Banking, were awarded gradua-
ton certificates at commencement
Evening star., 1940-09-20
London Bar Silver

| LONDON Sept. 20 .P.-Bar silver
23i.d unchanged Equivalent 4a so
cents Bar gold, 1885. UNCHANGED
Equivalent s33.s5D Exchange, S4.O3.
Evening star., 1940-09-20

'Ex dividend
tPlus extras. d20c paid June Is, 1910.
e2Te extra. gS140O extra paid December
%. 1899 k 2Oc extra m 81 so extra
p SOC paid September 90. 1898. $50 90
paid in 1889. t25c paid July l, 1910.
extra.
Evening star., 1940-09-20
London Tin Price

LONDON, Sept. 30 tP.-Tin steady:
spot. f247 los bid; f24s los asked; fu-
ture, f251 15s bid; f252 asked.
Evening star., 1940-09-20
Investing Companies

NEW YORK Sept. 20 lP,-National
Association Securities Dealers, Inc:
(Closing ouotationsl
Evening star., 1940-09-20
u. S. Treasury Notes

By the Associated Press.
NEW YORK Sept. 2o;-Prices quoted in
dollars and thirty-seconds.
Evening star., 1940-09-20

with comparable date
Evening star., 1940-10-20

next to Miss Grlbber at the plant
commissary lunch counter. There was
nothing fancy about Red. He wore
greasy coveralls with "Air-Nav" in
big red script across the back. His
hands, face, neck and ears were pink
from vigorous scrubbing with he
mans soap which gave him the faint
odor of dislnfectant. His topknot of
hair, the shade good russell leather
takes on with much buffing. had ap
parently been combed with a monkey
wrench. One could at all times be sure
of Reds motives; they were as trans
parent as Irish blarney. and as direct
as punch on the jaw. Don't look so
hopeful, babe" he said. I'm not
going to buy your lunch"
"Yeah?" Lorlene said. "Ill charge
it to you, and maybe you'll feel more
like it tomorrow"
-. A girl had to hand it to Red. He
could see the brighter and more hu-
morous side of life But that was the
main trouble. Love is not just a gag,
but should lead to something per
manent, like marriage -.
Hey, Ethel" Red called to the
waitress, I'm not responsible for any
debts contracted by this woman. She's
left my bed and board"
That's a laugh I've been support
ing him ever since We got married, in
nineteen eighty-serenr'
"Corny, but good" Red acknowl-
edged.
you've got taste"
"A GIRL that loves herself will never
be lonely" said Red.
''G'wan - you love me, toor'
Red grlnned, but looked a bit fright
ened Il haven't put 1t in writing
=. Now, Mr.. Snippety Burke, you
are going to get 1t right between the
eyes. A girl can stand only so much
torment -
Don't bother, Red" Lorlene told
him, I've got another fellow
YEAH
yeah"
"Oh - that's right - I've been
hearing things. Some guy who runs
beauty shop. What're you trying to
do? Work him for free permanent:'
Lorlene's eyes were cruelty bland.
"If you'd like to meN him, come
around to Ciro's tonight. We're step
ping out"'
You mean the B & a hamburger
stand?''
(Confinved on poge 16)