davidaulloa/AmericanStories huggingface dataset:
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1940-08-22

expected. too. The Democrats in con-
Sre>$ lrNcepting Il few bolterS) are
IN big majority. And the capitals
hundreds of thousands OF appointed
office holders naturally want the
New Deal 10 carry un-un account
OF their jobs.
imagine the same sentiments pre-
vail uut in the sticks.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1940-08-22

knowledge, but only knowledge
combined with elevation OF MIND, IS
the greatest instrument OF human
progress.
Evening star., 1940-06-23
South American Trade
Stirs Hopes on Gulf
BY the Associated Press

BY the Associated Press.
HOUSTON, Tex, June 22.-Ac-
celeration of trade with Latin
America lies before the Gulf Coast
as ray of hope piercing war gloom.
Because this area did a tremen-
dous business with the nations
now in conflict, the overseas battle
has stung pocketbooks as well as
emotions.
The foreign market, annually a
source Of vast revenue, virtually
has collapsed as one country after
another went to war and conse-
quently was banned to American
vessels.
A turn to the south is only natural.
T. L. Evans, Houston foreign trade
expert, presented the picture.
Latin America can absorb about
IS per cent of the trade lost by
the United States because of the
war, and the Gulf Coast, conserva-
lively speaking, can come in for
10 per cent of the amount" he
said.
Houston presently is the third
ranking Southern port in tonnage
of exports to Latin America, with
321 ,245 in the year ended in April.
New Orleans and Norfolk, Va,
surpass it by more than 100000 tons
each.
Evening star., 1940-06-23
Winnfpeg Cash Market
Improved Movie Profits
Forecast Despite War
Special Dispatch to The Star.

special DlSpatcn TO Inc star.
NEW YORK, June 22.-Improved
earnings for the United States mo-
ton picture industry are indicated
despite the European war, according
to Poor's Industry and Investment
Surveys.
Since the outbreak of hostilities,
revenue from abroad has fallen
roughly 10 per cent and further de-
clines are outlined. Competition
from foreign production is expected
to diminish.
In this country, however, higher
level of consumer income will ef-
feet a moderate gain in theater at
tendance and receipts. Since pro-
duction plans and film costs for the
1901 season differ little from the
current season, a proportionate rise
in net domestic results should be
registered. In fact, gains in the
United States market should, in
many cases, Offset losses from
abroad, according to Poor's.
"A further downtrend In exports
Of domestic films will be experienced
during coming months because OF
conditions arising from the wal
abroad" states the analysis. "Since
Brazil, Argentina and Mexico are
the three leading foreign markets
for this country's positive and mega
tive films, the decline will not be as
sharp as indicated at first. Lack of
competition from belligerents will
enable United States motion picture
producers at least to hold their
dominant position in South Amer
ican markets"
Evening star., 1940-06-23
Free Pound Jumps
As British Ease
Regulations
Recovery Of 1874 Cents
Wipes Out Losses
Of Lost Week
BY the Associated Press.

BY the Associated Press.
NEW YORK, June 22.-The free
British pound scared 1874 cents to-
day in the wake of partial relaxa-
ton of stringent currency regula-
tions by the English government.
The squirt Cancelled the weeks
losses of nearly 10 cents and lifted
the pound to $3731a. within nearly
Is cents of the official price posted
by the Bank of England.
Banking quarters reported demand
was created by ruling importers of
British goods could make payment
in free" sterling on contracts
signed prior to June 8.
Importers otherwise faced with
buying sterling at s4.0312 saw the
chance to close their contracts at
present rates and snapped at it.
At the same time hints circulated
in the foreign money market that
London further relax efforts to kill
the free" pound.
Death knell OF the free" market
apparently sounded earlier this
month when London announced
plans to eliminate the free" market
within three weeks"
Big international banks in New
York are currently negotiating with
London to make arrangements to
deal in Official" sterling. Such
efforts, 1t was limited, might be
allowed to languish.
Britain has bigger fish to fry at
the moment" was the explanation
offered by one money expert.
The German Reichsmark moved
up .05 of cent when a sudden furry
of demand revealed little for sale.
The Canadian dollar added "
cent to 811s United States cents
The Swiss franc, firmly maintained
most of the week, dipped .02 of
cent.
Closing rates follow ,tGreat Britain in
dollars. Others in cents).
o11ciai Canadian Control Board rates
fept cer United states dollars .r BuynE 10
Sss dosrs New So4f of buying aai Der
cent selling 8. 90 per cent.
Canadian dollar in New York open
market 1879 per cent discount. or S1.121a
United States cents.
Europe.
Great Britain. demand unauoted, cables,
3;73h. ,60-day unauoted: Germany. 4o,l5
tbenevolent). 1910; Greece. 70n, Hungary.
17.65n; Italy, sos: Netherlands, unauoted.
Norway unauoted. Portugal, 3.68n: Ru-
mania, -.52n:. Sweden. % So; Switzerland.
% 81: Yugoslavia. 2.35n.
Latin America
Brazil, oficial sos: free. $40; Mexico,
| 2O.25n
Far East
hal, $50.
lRates in spot cables unless otherwise
| indcated) n Nominal
Evening star., 1940-06-23
July Cotton Futures
Advance 10 Points
Al New York
Tight Supply Situation
Forces Attention to
Spot Month
By the Associated Press.


NEW YORK, June 22.-New July
cotton futures today made net gain
OF 10 points. Other deliveries closed
4 points higher to l lower.
Traders said the market probably
would be guided largely by fuctu-
ations in the spot month due to the
tight supply situation and firm basis
in Southern actual markets.
Short coverings (first notice day
comes next week.. plus buying by
trade and spot interests in nearby
deliveries. supported the list. Con-
tracts came out slowly and then only
as prices advanced.
Bombay offered small amounts at
the outset, and little hedging and
liquidation were attracted by the
forward slant. Such pressure was
easily absorbed.
Worth Street textile activity sub
sided and a few second hand offer
lngs appeared. Prices were main
tanned at the top of recent advances
nevertheless.
Exports Friday, 1913 bales; season
so far. 6248,495. Port receipts, 1852.
Port stocks, 2,504,26
Range follows:
Evening star., 1940-06-23
Copper Demand S|ackens
As French Capitu|ate
BY the Associated Press.

by tUc hSSOCldtcu FIcoS
NEW YORK, June 22.-Demand
for copper slackened and prices de-
clined this week as result of the
French capitulation.
Dealers spoke of prospects of in
creased competition and larger ton
nages likely to be available in the
foreign copper market now that
France is no longer an active buyer.
Whether Great Britain would
take over delivery of 125,O0O tons
of copper still to be shipped on
French contracts was still in the
negotiation stage.
Such metal, it was recalled, comes
from American-owned foreign
mines. The 4-cent-a-pound tax on
copper imports into the United
States would eliminate this copper
from direct competition in domestic
trade, metal men said.
Sales were made to domestic con-
sumers as low as l111s cents a pound
in the custom smelter and outside
sections of the market. Leading
primary sellers, however, adhered to
the 11!-cent-a-pound level which
has prevailed since late February.
Export metal was quoted down to
Ills cents but new orders came
through in dribbles.
Demand for zinc continues to out
strip supplies and the price was
firmly maintained at 6.25 cents a
pound East st. Louis.
Recent heavy turnover in the lead
market abated, although the price
held firm at 5.00-5.05 cents a pound.
Evening star., 1940-06-23
Wheat Prices Recover
Large Portion Of
Week. Losses
Prospects Of Federal
Flour Buying and
Crop Damage Help
BY FRANKLIN MULLIN.
Associated Press Market Writer.

CHICAGO, June 22.-Wheat prices
advanced cents today, returning
to within fractions of the level
OF a week ago, before the sharp
decline that accompanied the
French capitulation.
Prospects of Government -four
buying this week end and reports
OF some crop deterioration in the
spring wheat belt caused part of
the buying. but traders said there
also were signs of less discourage
ment over certain aspects of the
international economic situation.
In connection with this they cited
two recent developments which may
affect grains. One was the indicated
change in the British attitude
toward purchase Of food from the
United States as result of dis
closure yesterday of negotiation
involving buying of lard and canned
milk. The other was development
Of the administrations Pan-Ameri-
can economic plan for disposition
OF Western Hemisphere food sur
pluses.
Extreme gains of 1a4 to cents
were shaded only slightly before the
close and wheat finished 1as-1a
higher than yesterday, July, 1855;
September, 801s-797s. Corn was
s-A up, July, 62ss-7s; September,
sos. Oats, ss-1a higher. Soy
beans, Y higher. Rye. 34-7a up and
lard. ST higher.
Grain range at principal markets:
Evening star., 1940-06-23
MAY Survey DiscIoses Sharp Recession
In Metropolitan Area Home BuiIdino
Drop Centers in D. C.;
Most Nearby Sections
Register Gains
BY DONALD b. HADLEY.

After forward surge in the pre-
ceding month, residential building
In the Washington Metropolitan
Area turned down sharply In May,
the Bureau of Labor Statistics re-
ported last night.
Valued at $5O03 $40, accommoda-
tions were provided for 1892 families
during the month. This was I'll
per cent behind a valuation of
$6,040, 1877 providing for 1,647 families
in the preceding month. It also was
15.5 per cent under a valuation of
$5,925, ,271 providing for 400 families
in May, 1889.
Since the start of the war, home
building has swung alternately be-
hind and ahead Of 1899 records, but
the net result for the first five
months, has been a decline of Sc
per cent. The cumulative volume
has amounted to $22,468,788 with
5,671 families provided for, against
$23,810,436 and accommodations for
5,767 families in the same 1899
period.
The slackening was not surprising
in view of the extremely rapid hous-
ing expansion here in the last five
years. Since the start of 1885
through May, 1921 83O,O93 worth of
residential construction has provided
for 56,463 families in the Metro
politan Area.
New Records Set.
Bolstered by non-residential activ-
ity, the grand total of public and
private construction in the area dur
ing May and the first five months
OF this year, set new all-time records
for those periods although the May
volume was down from the pre-
ceding month.
Public and private construction
IN May amounted to $685., ,221
against $12,290,719 in the preceding
month and $8,14O,634 in May 1899.
For the five months, volume climbed
to SAL, ,780,359 against $38,553,771 in
the 1889 period.
Total construction, residential
building and families provided for in
May and the five months of various
years follow:
Evening star., 1940-06-23
MAY,
Prince Georges Lays.

In the metropolitan section of
Prince Georges County, residential
building in May was valued at s477,-
050. far behind $705,98O in April, but
well ahead of s349, ,736 in May, 1899.
For five months. home building
amounted to $1.8l0,455, compared
with 81 1858, ,126 in the same period
last year.
Families provided for in May to-
tailed 148 against 1913 in the preced-
ing month and 104 in May, 1899. For
the five months they reached 642
against 391 in the 1899 period.
Total construction for May stood
at 1902, BAT, compared with ST ,4s4, ,551
in the preceding month and only
S380366 in May, 1899. For the five
months, volume advanced to 50, ,534,-
1893, compared with $3,347,l5O in
the 1889 period.
The grand totals, residential activ-
ity and families provided for in the
Prince Georges section during May
and the five months Of various years
are given below:
Evening star., 1940-06-23
Court Expected 10 Confirm
Majestic Radio Plan
BY the Associated Press.

oS tile HSSOClAtcu FIcSS.
CHICAGO, June %. - Federal
Judge John P. Banks indicated to-
day he would confirm the plan of
reorganization of the Majestic
Radio and Television Corp. We'd
nesday.
The court was informed at q hear
ing today that the required two
thirds of the stockholders had ap-
proved the plan under section 77B
Of the amended Bankruptcy Act.
James A. Cprowl, counsel for the
company, named the six new di-
rectors approved by the creditors
committee and purchasers under
the plan. Those named were Par
ker McCann, Chicago, manager of
the service department of the
American Credit Indemnity Co.;
Paul Baibourn, New York, acting
treasurer of Paramount Pictures,
Inc; Allen B. Dumont, New York,
president of the Allen B. Dumont
Laboratories; Walter Glenn Scott,
New York. industrial engineer; FL
mer G. Upton, Wheaton, ILL.,, comp
troller of Balaban and Katz Corp,
and Curtis Franklin, New York,
director and treasurer of the Allied
International Investing Corp.
Judge Barnes will appoint q sev-
enth director Wednesday.
Evening star., 1940-06-23
Chicago Stock Market
Uneven and Quiet

BY the Associated Press.
CHICAGO, June 22.- Securities
prices fluctuated unevenly today In
q quiet trade.
Transactions totaled 1000 shares
and at the close 10 issues were
slightly higher while IS were lower
and 10 unchanged.
Volume for the week .totaled g..
900 shares compared with 10000
last week and $4,000 a year ago.
Evening star., 1940-06-23
MAY,
FIVE MONTHS.
Nom Residential Total Up.


Non-residential activity for the
latest month totaled $4,264 ,lO9.
against $5,756,063 in the preceding
month, but was we'll ahead of ST.
164,789 in May, 1899. For five
months, the volume reached $l6,-
389, SOL, against $10,622 1851 year ago.
Additions, alterations and repairs
accounted for $567,772, moderately
above s493,9l9 in the preceding
month. but well behind S1,05O,574 in
May, 1889. The five months total
stood at s2,322,070, against s4,120,47
in the same 1899 period.
Non-residential totals and addi-
tions, alterations and repairs for
May and the five months of various
years are given below:
Evening star., 1940-06-23
Republic Steel Leases
Troy Furnace Plant
By the Associated Press.

By the Associated Press.
TROY, N. Y, June 22.-Republic
Steel Corp. has leased the Troy
Furnace Co. plant, now EMPLOYING
200 men, and plans a large-scale
expansion in line with its Federal
Government contracts to produce
armor plate.
Donald Gillies, executive vice
president, confirmed the lease today
while en- route to the corporations
leased iron mines at Port Henry,
Mineville and Lyon Mountain in
Northern New York. The Troy plant
has one blast furnace with a capa-
city OF 500 tons of pig iron each
"a hours.
Evening star., 1940-06-23
MAY.
Arlington County Busy.

In busy Arlington county, resi-
dental building for May scared to
$1,000 200 against $8l3,255 in the pre-
ceding month and $941.275 in May
1899. The five months volume,
however, was $4,051, 1855, we'll below
$4,963,655 for the 1889 period.
During May, 279 families were
provided for, against 1874 in the pre-
vious month and 221 in May, 1899
In the five months, 979 families
were provided for against 1,103 in
the period last year.
Public and private construction in
the county for May aggregated ST.
061 1872 against $1,041 400 in the pre-
ceding month and s1.O12,355 in
May, 1899. For the five months it
reached $4,7O5, ,438, we'll behind S.
1904 in the 1899 period.
Total construction, residential
building and families provided for
in Arlington during May and the
five months Of different years are
given below:
Evening star., 1940-06-23
Hudson June Sales
Up 63 Per Cent
Special Dispatch to The Star.

special Dispatch TO the Star.
DETROIT, Mich, June 22.-Re-
porting gain of SO per cent in re-
tail sales Of new Hudson cars for
the first half of June over the saH1e
period a year ago, George H. Pratt,
general sales manager of Hudson
Motor Car Co. disclosed that this
percentage gain for the half month
exceeded that of any full month in
the calendar year and was indi-
cative of sustained business during
the summer months.
Total retail sales for the two-week
period amounted to $3.50 units.
Mr.. Pratt also reported that ship
ments to domestic buyers so far in
the current model season are al
ready 76 per cent higher than for
the entire 1899 model season.
Evening star., 1940-06-23
Incorporation Filed
For 6. & E. !. RuiIroud
By the Associated Press

CHICAGO, June %. - Federal
Judge John P. Barnes authorized
the filing today of a certificate of
incorporation for the Chicago and
Eastern Illinois Railroad Co., first
OF the Class A roads to be re-
organized under Section II of the
Bankruptcy Act.
The railroad will be incorporated
In Indiana. Attorneys said the new
corporation would begin to function
within few days Of the filing Of
the certificate in the Secretary Of
States ofnce at Indianapolis.
Evening star., 1940-06-23
are given DeIOV
MAY.
FIVE MONTHS
Alexandria Is Ahead.

In Alexandria. residential con-
struction for May jumped to $780,
875 against $338,o17 in the preceding
month and s244,950 in May, 1899
For five months, home building
valued at 81, ,483, ,625 was moderately
behind s1,697 900 recorded in the
same 1899 period.
During May, 166 families were
provided for, compared with SO in
the preceding month and only 81 in
May 1899. For the five months, 342
families were provided for, against
494 in the period last year.
Public and private construction
for May was boosted to $2,O95, ,712
compared with $422,557 in the pre-
ceding month and $271,583 in May
1899. In the five months, volume
climbed to $4,000, ,592 compared with
$2,013,457 in the 1899 period.
Total construction, residential
activity and families provided for in
Alexandria during May and the first
five months of various years follow
Evening star., 1940-06-23
NAY,
FIVE MONTHS
Adjoining Sections Lead.

ADJOINING sections Lead.
A breakdown of the Metropolitan
Area total disclosed that most of
the May decline in residential build
ing took place in the District Of
Columbia.
Home activity in all adjoining
sections swept we'll above a year
ago and, with the exception of the
metropolitan part of Prince Georges
County, was we'll ahead of the previ-
GUS month.
This reversed the trend for April,
when activity in the District was
boosted by several large housing
projects and the nearby totals lag
ged.
OF 1892 families provided for in
the area during May, the District
accounted for only 343, while the ad-
joining sections accounted for 849.
This contrasted with April, when
the District total of 906 compared
with TAI in the adjoining sections.
Next to the District, home build
ing was most active in Arlington
County during May, although Mont
gomery was a close third. Alex
andria, Prince Georges and Fairfax
followed.
In total construction, Alexandria
was boosted into second place by
contracts for large power plant.
Montgomery was third with Arling-
ton close behind.
District Volume Slumps.
Residential activity in the Dis
trict of Columbia for May slumped
to $1,632,370 against $3,126,310 in
April and $3,433,86 in May, 1899.
The five months volume amounted
to $10,088,4 8,45O against $11,459,355 in
the same 1899 period.
Families provided for totaled 34a
against 906 in April and 1896 in May
1899. For the five months, 2,7OC
families were provided for against
1854 in the period a year ago.
Total public and private construc-
ton declined to $4,774, ,795, compared
with $8,044,887 in April, and $780,
377 in May, 1899. For the five
months, the total advanced to $24,.
821 1926, against $20,9l5, ,297 in the
1889 period.
Public and private construction
residential building and families
provided for in the District of Co.
lumbia during May and the first
five months of recent years follow:
Evening star., 1940-06-23

and 26 in May, 1889. For the five
months ITO families were provided
for, compared with 134 in the period
last year.
Public and private construction
in the section totaled $l82.850 in the
latest month. compared with $l06,-
$50 in the previous month and
$76,939 in May, 1899. The five
months volume jumped to $756, $50,
against $5l6,715 year ago.
Total construction, residential ac-
tivity and families provided for IN
the Fairfax County section during
May and the five months Of various
years follow:
Evening star., 1940-06-23
MetuI Market

NEW YORK. June 20 Up. Copper
ll.26-b0: export, f.a.s., N. Y. Ii .i5n.
Tin. easy: spot and nearby. "a. 80 hn; for
ward, 52.37sn. Lead. steady; spot New
York. 5.0O-5. .O6: East st. Louis, 4S5.
Zinc, steady; East st. Louis spot and for.
ward, 6.26. Pig iron, aluminium, anti-
mony. quicksilver, platinum. Chinese
chansed.
Evening star., 1940-06-23
MAY,
Fairfax Activity Jumps

In the metropolitan section of
Fairfax County, home building for
May climbed to $174,200 compared
with SOS, $50 in the preceding month
and $73,350 in May, 1899. For five
months, 1t ran up to $681 $50,
against $461 800 In the same 1899
period.
For May u families were provided
for, against "a In the previous month
Evening star., 1940-06-23
five months total advanced to 1893,
against 791 in the 1899 period.

Total construction declined to
$1,1l7,725. against $l,18O,665 in April,
but was well ahead of SLOTS, Ola
recorded in May, 1899. In the five
months volume declined to $4,76l,-
355, compared with $5,833,118 in the
same period last year.
Total construction, residential
building and families provided for
in the metropolitan portion OF
Montgomery for May and the five
months of various years follow:
Evening star., 1940-06-23
MAY,
FIVE MONTHS.
Montgomery Gains.

In the metropolitan portion of
Montgomery County, residential
building in May climbed to 81 ,O88, ,645,
from $962, OPS in April, and $3.50, 100
in May, 1899. For the five months
Of the year to date, volume jumped
to $4,353 ,253, compared with $685.
TOO in the same 1899 period.
Montgomery activity in May pro-
vided for 214 families, against I'll
IN April and 162 In May. 1880. The
Evening star., 1940-06-23

Cottonseed oil closed steady Bleach
able prime summer yellow. 61On: prime
5.52b; October, 5.74: December, $50.
Bid. n Nominal
Evening star., 1940-06-23
New Orleans Prize.

NEW ORLEANS. June % P-Trade
ouylne, weekend short covering and
steadiness in other markets advanced cot
ton futures here today Closing prices
were steady, 3 to 9 points net HIGHER
Evening star., 1940-06-23
Washington Stock EXCHANGE
BONDS.

WASHINGTON
INCLUDING FRIDAY.
Evening star., 1940-06-23

VuIy 49,. IU q IV.26 1U.1S 1U.25
Nominal.
CottOnseed Oil.
Cottonseed oil futures ruled steady today
IN company with lard. closing 2 to points
nlgnef on sales Of 80 contracts About
nan OF the business was in switching OPP
elatlons from July to later deliveries July
Slosed at 606b; September. 619; October
Zip; December, 6.25b January. 62Sb
Crude oil In the Southeast and valley was
D 70 5.s cents nominal; Texas, AZ. nominal
Evening star., 1940-06-23
Grain range at principal markets:
ujr. Y1r ~I,.. rr.,,
Chicago Cash Market

Chicago Cash Market,
Cash wheat no sales reported. Corn. No.
l. mixed, 65s4: No. 4. Il: No. /. yellow.
66-66A; sample. 63-66 Soybeans No 3,
yellow, 80. Oats. sample mixed 34L4: No
3. white. 35l234. Barley, mailing, $3.50,
nom: feed. 4O-4S NOM
Winnipeg Cash Market
WINNIPEG, June % fP.-Cash wheat
No. l. Northern. II: No. 9. 6s: No 3, $685.
Oats, No. 2. white, 2sla; No. 3, 26.
Evening star., 1940-06-23
METROPOLITAN AREA BUILDING
Totoi ond Residential Activity BY Months

BUILDING TREND PICTURED-The chart shows public
and private construction sold lne in the Washington
poan area oy months since the start of 1888 The dotted line
represents residential building Source:
tiSticS
Evening star., 1940-06-23

e2 extra ssl4 extra paid December 2
zoe
extras