davidaulloa/AmericanStories huggingface dataset:
Henderson daily dispatch., 1940-08-16
TWO LOCAL MEN ARR
ENLISTED IN ARMY

Two Henderson youths hsyc r
Gently enlisted in the United g...o-
Army through the recruiting :,.,.@m
in Durham, that Office uavssy5 f."
day.
Lawrence Maynard Murphy %
son of G. w. Murphy. u: lg% Ic,a.,,
street, and George Albert Macon .;
son Of Mr.. and AIRS. George
Macon, 5l2 Davis street. are ,Io
two new recruits, and both elected
to serve with the infantry IN
Panama.
Henderson daily dispatch., 1940-08-16
CATTLENIEN MEET

College Station, Raleigh, Aug. 16.
"A tentative date, September II, for
the annual meeting Of the North
Carolina Hereford Cattle Breeders
Association, to be held on the farm
of Dr.. R. E. carp in Johnston county,
was announced today by L. l. Case,
Extension animal husbandman Of N.
c. State College.
Evening star., 1940-07-10
Chicago Grain
By the Associated Press,

BY the Associated Press.
CHICAGO. July 10.-Wheat prices
f1uctuated nervously over a range of
more than a cent today and closed
with little net change for the ses-
sion
Hedging sales, some rain mainly in
North Dakota and Minnesota and
prospects of showers and cooler
weather in the North American
spring wheat belt Offset pessimistic
crop reports. Most traders con-
fined operations to evening up of ac-
counts pending release of the Gov
ernment crop report after the close.
Wheat closed Il lower to 4 high
er compared with yesterdays finish,
July 74Sa-34, September 75as-I2;
Corn al cent higher, July So, Sep
tember 59l4 -as oats unchanged to
4 up.
Corn strength was attributed to
reports of crop deterioration and
failure of receipts to expand. Wheat
was lower most of the session but
tlrmed up toward the close. Ex-
porters estimated 100000 bushels.
mostly Canadian, were sold to Great
Britain
Evening star., 1940-07-10
Rayonier Sales, Profits
Soar 10 New Records
By the Associated Press.

~ AASS'NAt'SNN 1
SAN FRANCISCO, July 10
Rayonier, Inc, more than doubled
sales, production and net profit in
the fiscal year ended April 80, 1910,
to set new records for the company's
history A company statement said
net profit was $3.50 ,488 compared
with Sl,176,647 for the preceding
fiscal year
Earnings covered preferred divi-
dends with margin that left S1.18
share on common stock, contrast
ing with the preceding years show
ing of s188 a share on preferred, or
IL cents less than the 81 cumulative
dividend
Price increases which came as a
result of wars interruption of Scan
dinavian pulp shipments to world
markets had only mild boosting
effect on profits for the fiscal year
as they began January /. Since
then pleased sulphite pulp has gone
up $3.50 ton to $3.50 and dis
solving pulp for rayon manufac-
ture $40 to S85.
Price increases as we'll as produc-
ton at the Ferandina fla plant
which started last December, will
influence future profits. officials said
more than they did in the last fiscal
year.
President E. M. Mills said the
new Florida plant was successful
from the outset as its production
exceed previous estimates. Other
plants are in Washington State.
All plants were operating at ca
pacity at the end of the fiscal year
Evening star., 1940-07-10
Figures
What They Mean
BY JOHN L. BECKLEY,
Associated Press Statistician.


NEW YORK. July 10.-Second-
quarter earnings reports, which will
begin to appear within the next few
days, are virtually certain to show
substantial gains over a year ago.
Industry has been pounding along
during the past three months at a
much faster pace than during the
corresponding period last year AS
measured by the Associated Press
index of industrial activity, factory
production averaged 991 per cent of
its 1939-30 level, compared with $50
per cent in the second quarter of
1889
The gain in profits is expected to
be far larger than the actual rise in
industrial activity. The increase in
factory operations in many indus
tries started from a point where
overhead fixed expenses) was al
ready covered. AS a result the rise
IN output over a year ago should
contribute more than its share of
fat for the profit accounts.
Steel Earnings.
Earnings of the steel industry
should provide pleasant reading for
stockholders The steel makers as
whole operated at 1856 per cent of
potential capacity during the June
quarter, compared with 5l13 per
cent in the same period last year.
On the average, the steel mills ran
at the same rate as in the first quar-
ter this year when profits were more
than satisfactory
Outstanding gains in net income
should be reported by aircraft man.
ufacturers and machine tool build
ers who have been doing a lucrative
business with foreign purchasers.
The automobile companies should
also be up among the leaders. Pro-
duction of cars and trucks in the
United States and Canada totaled
around 1,215,100 units in the three
months ended June 30, against 991,-
300 units year ago.
May Inject Some Life.
Some Wall Street analysts believe
the expected sharp improvement in
earnings may come as a refreshing
shock. Traders and spectators
have been paying little heed lately
10 immediate business trends, hav-
ing had their attention focused on
international developments. These
observers think second quarter
earnings announcements may inject
little life into an apathetfc stock
market in which the volume of trad
ing Monday touched 20-year low.
On the other hand, market fol-
lowers are concentrating more on
future profits than on present earn
ings. Taxes for rearmament are Ger
tain to be heavy, but no one knows
how heavy. Until there is more
light on this important question, the
Wall Street community may take
any improvement in earnings with
several grains of salt.
Evening star., 1940-07-10
Large Steel Orders ,G
Assure Fast Pace 20
In Coming Months nj
Only Complete Ending
Of War Could
Stop Rush
By the Associated. Press.

BY the Associated Press.
NEW YORK, July 10.-Only COM
plete cessation of hostilities abroad
would threaten the present high
steel production rate, Iron age
said today in weekly survey. or
Even then, the steel magazine
commented peace readjustments
might be temporary in view of con-
sumption requirements of our ma
tional defense program.
A steady flow of new business,
plus fairly large backlogs built in
the past few weeks, assured the in
dustry of big production schedules
for some time to come, the survey
reported.
Big Orders to Come.
While some of the current buy.
ing" the publication said, 'is ads
mittedly of an anticipatory nature,
the significant factor in the situation
is that present production is based
on demand in which the automobile
industry the railroads and the con-
struction industry, the principal
peace time steel outlets, are taking
less than average requirements and
the national defense programs re-
quirements are largely still to come.
With the expansion to be eX-
pected in these lines during the next
few months together with the ns.
tlonal defense needs which will be
felt in many directions as plans ma
ture, the probability of capacity OPP
erations in the steel industry by The
beginning of the fourth quarter, #
not sooner, becomes matter about
which there can be little doubt"
Operations are currently esti-
mated at 875 per cent of capacity,
half point below the rate in the
week before the holiday period.
Inventories Enlarged. n->
"Curiously,' continued the maga-
zine, the present situation in the
steel industry is not marked by any
OF the ffenzied buying which has
characterized some of the periods Of
high activity in the past. 1t is adj
mitted that some of the current
buying is robbing mills of business
which they would normally get later
on and that consumers inventories
are heavier than they were a few
months ago, but these represent
steps which buyers are taking to
protect themselves against delays
that might arise from priorities ex-
ercised on behalf of national de-
fense work
The review noted that scrap
prices continue weak. but the de-
clines are smaller, indicating, per-
haps, a point of resistance near at
hand" The Iron Age scrap COM
posite price dropped 81 cents to
S1871.
Evening star., 1940-07-10
Chicago Livestock

CHICAGO. July 10 LP-CUnited States
Department of Agriculture. .)-Salasle hogs,
steady to 10 lower than Tuesdays average:
TOP 6.65 freely: bulk good and choice
2OO-210 pounds. 6.25-65: 27O-30O pounds,
largely 6.00-35 some 3OO-330 pounds
averases, 5,15-6.10; good packing sows,
800 pounds down, mostly 525-65. few,
o,.5: heavier kinds generally 6O-5 15n.
Salaole sheep, 900: total 5000: prac-
tlcally no trading; bidding 25 or more
lower or around 1000 on spring lambs
lightly sorted or straight; still holding best
and yeaTiinss weak to ' unleeny liy lover St sheep
salable. cattle. 1900; calves. 1000;
stse rand yearling run mostly long-fed
oHerings; general killing quality being
unusually attractive liberal supply choice
cattle here: largely steer and heifer run:
COWS scarce: not many bulls in run. year
lings and light steers weak to % lower:
better Grades off most; medium weights
and weighty steers 25 lower; kinds recently
Selling at lo.25-1 so showing the most
decnne' numerous loads sold early at 10 90
II Ou: best 11.25; with 1l5O bid on
strictly choice steers and around 1880 on
prime Nebraska specialties; bulk medium
weights and weigh steers unsold: best
Sitte Steer yeariings 10 scaling 900 pounds;
httle to killers under 900: heifers steady
TO 70 lower; best fed heifers early lO,65:
COWS slow. steady; bull strong to Is higher:
heavy sausage offerings, 40; veaiers
steady at 1925 down; few 1850.
Evening star., 1940-07-10
Australia Pushes Huge
Reservoir After Drouoht

Final arrangements have been
made for construction this year of a
10000 ,000-gallon water reservoir in
the Upper Yarra watershed of Aus
tralia, about so miles from Mel
bourne. The estimated cost is
$9,6O0,000.
Although the project has been
discussed for long time the au-
thorities fastened their decision as
result of the disastrous drought
in this region last year. They realize
that decreased rainfall will follow
the devastation of vast areas by
forest and grass fires. The project
calls for an earth-filled concrete
wall 240 feet high across the
valley. An engineer will study this
form of construction in the United
States.
Evening star., 1940-07-10
Bond Averages
10 Low-Yield Bonds.

BY the Associated Press.
NEW YORK. July l0-Moderate
buying in rails held the bond mar
ket on a fairly even course today,
but changes in most groups were
small and price trends inclined to
irregularity
Enough losses spotted the list by
noon, however, to keep the advance
from uniformity.
Chief interest centered on the
new issues offered, which broke the
summer stalemate in corporate
financing.
The s1O.0OO,O0O Scovill Manufac-
turing Co. 314s went to a premium
of more than a point in over-the-
counter dealings as strong demand
developed, dealers reported, The
S60,000000 Texas Corp. IS were a
little more unwieldy because of the
size of the issue, but wide institu-
tlOnal demand kept brokers' DuSy.
Treasury announcement the Gov
ernment will seek $600000,000 IN
new money curbed interest in listed
Federals and price trands were in
definite
Corporate gamers included Erie
Convertible 4s of SO, Southern Pa
cifc 4l2s of SO. Union Pacific 3l2s
of II. Peoria & Eastern 1st As and
McKesson 81 Robbins 5l2s.
Trimmed a shade were Nickel
Plate 412s, Postal Telegraph IS and
Youngstown Sheet As.
Italian issues rose swiftly in the
foreign sector. Rome 6l2s gained
around 3 and Milan g. rs more than
a point.
Evening star., 1940-07-10
Woshinqton Produce

BUTTER-93 score, tubs. 3ol4; 1--pound
prints, 30s4 A-pound prints. 31A: 92
score, tubs, 29f4: lpound prints, 29s4;
A-pound prints, 30i4; 81 score, tubs, 2sa4
Ss. 80 score tubs s u prints t15
prints, 2sH: SIS score, tubs, 81; 1-pound
prints, 27l2: l4-pound prints, IS.
LIVESIOCk-Calyes, 8; spring lambs.
9; pigs 'Ig0-130 pounds 3.75-4.225: 13O-
40 pounds, 4255d Pa so; l4s9-15e pounds,
Ia1sl 1a0,aio pognds .5o5 525755G, nns 21o-24o
450: sows 3OO-350 calves $500 so:
lambs. l0.00-11.50
From Agricultural Marketing Service
Prices paid net fob. WASHINGTON
EGGS-Msrket stronger. Prices paid
for FedeEa.state sraded eggs Eseeiyed
U S. extras. large. 1929 cents; U. S.
standards large, 21-24 cents; U. S. stand
ards mediums, 1920 cents; u S. trades,
lois cents Browns: U. S. extras, large,
24-2S cents: U. S. extras, mediums, 1923
cents, L. S. standards. large, 20-24 cents;
2. S. standards; mediums; 1919 cents;
sraded eggs: Current receipts; Whites.
lie cents mixed colors, l6-l6l2 cents
LIVE POULTRY-Market steady. Fowl.
Colored all sizes 15-11 cents: No. 2s, IL
u cents; Leghorns, 1l-l2 cents. Roosters,
So cents. Chickens; Virginia Rocks:
No: IS y cents. Delaware Rocks and
crosses: Broilers and Fryers. ali sizes. IL
II GEMS; No. IS. 12-l3 cents Leghorn
broilers all sizes. 1915 cents. Turkeys.
Old Toms. 10-11 cents, hens. 13 cents;
No. IS, hens and toms, $40 cents.
Evening star., 1940-07-10
Foreign Exchange

NEW YORK, July 10 P.-Sterling
dropped INTO one OF the narrowest price
grooves today since war influences started
the unit hopping between 50 and 81.
The free rate dipped only - cent. The
Canadian dollar was unchanged at S512
United States cents The Swiss franc
Late rates. follow CGreat Britain in
dollars. others in cents)
Canada:
Official Canadian Control Board rates for
United States dollars: Buying, 10 per cent
premium: selling, II per cent premium
equivalent to discount on Canadian dol
lars in New York of buying. 9.e1 per cent;
Canadian dollar in New York open
market 141a per cent discount. or $3.50
United States cents
Europe:
Great Britain, cables, 3.7724
Finland 2.O5n; Germany, .4O.10n; tbe-
nevolent. 1880: Greece, .6S; Hunsary.
17.65n: Italy sos; Portugal 3.S1n; Ru-
mama, .52n Sweden. 23.SS; Switzerland
90. .6s: Yugoslavia. 2.35n.
Arsentins, " Official. ea.77; free, 21.4o;
Brazil official sos; free, SO; Mexico,
2G4On.
Far East:
Japan, 23.4s Hone Kong, 1856; shang-
hal. $50.
lRates in spot cables unless otherwise
indicated) Nominal
Evening star., 1940-07-10
Tax Revenues Exceed
Virginia Estimates
'y the Associated Press.

BY the Associated Press.
RICHMOND, Va, July 10.-State
Tax Commissioner G. H. Morrissett
reported the Virginias revenue
from corporation income and beer
excise taxes for the fiscal year ended
June 80 will be more than $500000
above budget estimates.
Corporation income tax assess
ments are $2,591 ,781.73, which is
S408, ,494.81 more than last year In
preparing the budget, it was esti-
mated that revenue would be ST.
250,000 from this source. The esti-
mate was exceeded by $341,781.
Beer excise taxes already collect
ed for the past fiscal year total ST.
632,945, which is $184,289 more than
last year and $172.945 more than the
budget estimate.
Evening star., 1940-07-10
japanese Reformer
Again Is Turqet

DR.. Samuel Okawa of Toxic.
Rightist reformer who served sew
eral months of a 15-year sentence
for aiding and abetting murder
and violating the Explosives Act at
the time Premier Tsuyoshi Inukai
was assassinated, in 1882, is again
in trouble. The authorities froWn
on the noted scholar and writer's
book, THE History of Japan's $500
Years" They are believed to con-
template an indictment against the
author.
Dr. Okawa was paroled from pris-
on in a general amnesty. He was
appointed director of the East Ash
attic Economic Research Bureau in
1888 and last year became dean of
the continental course at Hosei
University.
Evening star., 1940-07-10
Best & Co. Declares
5O-Cent Dividend

NEW YORK, Jly 10 (SpeciaD -
Directors of Best g. Co. have declared
a dividend of 40 cents a share on
the common stock payable August
is to holders of record at the close
of business July 25.
They also have declared the reg
ular semiannual dividend of per
cent on preferred stock payable
July 80 to holders Of record July 90.
Evening star., 1940-07-10
Slight Goin Revealed
In Sugar Deliveries
BY the Associated Press.

By the Associated Press.
The Agriculture Department re-
ported yesterday that sugar de-
hvered to American markets during
the first five months of this year
totaled 2,457,854 short tons. raw
value, compared with 2,405, LOG short
tons during the corresponding period
last year.
Sources of the deliveries were:
Raw sugar by reflners, 2,442 short
tons; refined sugar by reflners,
1,606,262 beet sugar by professors,
514,128; refined sugar by importers,
291 800, and refined sugar by MAIN
land cane mills, 1922.
Evening star., 1940-07-10
Corn Grind Smaller

NEW YORK, July 10 (SpeciaD -
A corn grind of 5,158,366 bushels
during June for products going
into domestic use was reported
tday through the Corn Industries
Research Foundation. This COM
pares with a grind of 6,523, ,729
bushels in the previous month and
5,414,489 bushels in June, 1899.
Evening star., 1940-07-10
Mayor Acts on Hunch
To Block Check Fraud
BY the Associated Press.

By the Associated Press.
HAMPTON, Va-Mayor J. v.
Bickford answered his telephone
and voice told him the party call
ing was Mayor Earl B. Horner of
Burlington, N. c., who would like
Mayor Bickford to have a check
cashed.
Acting on hunch Bickford called
Mayor Horner on the telephone
and found him presiding at council
session in Burlington. Two detec-
tives instead of the Mayor called to
identify" the telephone caller.
Evening star., 1940-07-10
Poor's Manual Issued

NEW YORK, July 10 (SpeciaD -
Poor's Publishing Co. announces
the publication of the 1910 edition
of Poors Industrial Manual, a
massive volume of 1858 pages con-
tanning complete basic statistical
data on about 5000 corporations.
Evening star., 1940-07-10
U. 5. Steel Reports
Largest Shipments
Since December
June Total Of l,20o, ,684
Tons Compares With
807, ,562 Year Ago
BY the Associated Press.

BY the Associated Press.
NEW YORK, July !0.-United
States Steel Corp. subsidiaries ship
ped 1909 ,684 net tons of finished
steel products in June, an increase
of l25,627 tons from 1,084,057 in
May and the highest since December
last year. In June year ago 8o7 ,562
tons were shipped.
For the year to date shipments
totaled $685. ,398 tons, a Jump of l.
449,994 tons from the first half of
1899.
Evening star., 1940-07-10
REGULAR,
New York Sugar

NEW YORK, July 10 lPl.--Further trade
covering appeared in world sugar futures
today on CLOSING, of sales of ,actuals, to
Europe. Liquidation was well absorbed
and prices moved ahead 2l2 to ) points
september, 90: December, 1.02k.
Domestic futures were / to 4 points
higher as producer covering offset new
1a7
Raw offerings again we're scaled at 270
frmeG
Price basis of local refiners was un-
chansed at 4.50 cents a pound with off,
shore sugars selling at 415
Futures No. 3 closed unchanged to
hioher GaIe
Evening star., 1940-07-10

r In bankruptcy or recelvership or being
reorganized under the Bankruptcy Act, or
securities assumed by such companies
Rates Of dividends IN the foregoing table
are annual disbursements based on the
last quarterly or sem-annual deciara
ton Unless otherwise noted. special or
extra dividends are not included . Also
extra or extras d Accumulated dividends
paid last year e Declared or paid so
far this wear Payable in stock Paid
last wear h Cash or stock Accumu-
lated dividends paid or declared this wear
ur Under rule WV With warrants Nv
Without warrants war Warrants
Evening star., 1940-07-10
New York Cotton
By the Associated Press.

NEW YORK, July 10.-Trade COW
ering and outside speculative buy
ing sent cotton prices higher to-
day. Reports of crop damage on
the last weeks unfavorable weather
spurred demand for new crop de-
hverleS. July was stronger after
recent Liquidation.
Midafternoon prices were up 7 to
II points; July (old), 9.74; Octo-
ber, 9.42; March, 902.
Futures closed 9-17 higher i.
Old art.
Evening star., 1940-07-10

prime summer yellow. 6.05n: prime crude.
5121o-5.37Kab. July, 562b; September,
5.66b: October 5,6sb; December, 5.72b;
January. 573b
Bid n Nominal.
Evening star., 1940-07-10
Nuvoios Own Coal Mines

The Navajo Indian reservation in
Arizona and New Mexico operates
it's own coal mines. Production in
1889 was 1000 tons.
Evening star., 1940-07-10

WINNIPEG, July 10 LP,.-Wheat trad
ing reached a standstill today when eau
tious traders declined to buy even at
the mnimums pegged May IA, the sec
ond stslemate recorded on the Winnipeg
exchange in two weeks
The government fixed these low levels:
Is cents a bushel for the July option
Evening star., 1940-07-10
Chicaro Cash MARKET

OdSU MAfKtt.
7es.: cash No ~s1sfst1aNe:s s.1ra red s5.eNo. 3!
$50; No. l yellow, .65t. -661a: No. ., 66la.
Osts-No; 2 mixed, 81 u; sample grade.
30 No white "a -34a.: No. 3. 33ia-a4
yellow, s1a.: No 3. s13.-s2: No. 4, al.
Barley-Malting. 4s-52 nominal feed.
35-43 nominal
Evening star., 1940-07-10
Baltimore Quotations.

BALTIMORE. July 10 lP,.-Wheat. No
? red winter, earlcky. old, so. nominal;
July. new. 14's; new, 1494.
Evening star., 1940-07-10
New Orleans Prices,
NnI Aarn

NEW ORLEANS. July 10 R-Cotton
futures advanced moderately today on
unfavorable crop reports and trade buy
ing. Closing prices were steady. 10 to IL
Doiots hirher
Evening star., 1940-07-10

Some 80 languages are spoken in
the Philippines.
Evening star., 1940-07-10
BONDS ON N. Y. STOCK EXCHANGE
private wire direct to The ST.
Z k { A S U r 7.

HONE OWNERS LOAN
IS 1o44-52 1919 1879 1919
NEW YORK CITY BONDS
IS 1880 Q6tk Q57k Q6'
Evening star., 1940-07-10
New York Bank Stocks

NEW YORK. July 10 R,.-National
Association Securities Dealers, Inc: ,9'+r
Quotations as Of Q o'clock -s'.E
Evening star., 1940-07-10
Dividends Announced

NEW YORK, July 1O.-Dividends de-
clared Prepared by Fitch Publishing Co.:
Accnn MI ated
Evening star., 1940-07-10
COttonseed Oil.

Bleachable cottonseed oil futures closed
l lower to / higher. Sales, 2l contracts
July. 6.00b; September. 615b: October.
6.11b: December, 6.21b; January, 623
Evening star., 1940-07-10
Chicago Stock Market

-, CHICAGO, July 10 GP.-Folowing is
Chicago Stock Exchange today:
Evening star., 1940-07-10

Fires employment Is much higher
than a year ago.
Evening star., 1940-07-10
NEW YORK CURB MARKET
By private wire dIr.c, to The star

Stock and Sales
Dividend Rate Add 90 High Low. Close
Aero Sup(B) .25e S 5
Air Assoc I5o)- II IL IL
Ala Ct Sou (3e)- SOS SO 6s 6S
The Waterbury Democrat., 1940-09-27
Employment

LADIES (2)-For pleasant sales
work In or near your own neigh
borhood. Full time work. Average
So to $40 weekly, Apply 16s Willow
st.
The Waterbury Democrat., 1940-09-27
HURRICANE WOOD
TO GO ON SALE

Boston. Sept. 27.-(UP)-A total
425 O00.O 900 board feet Of softwood
salvaged under federal government
supervision after the 1898 New Eng
land hurricane will be placed on the
market piecemealu over q Az year
period.
Sale Of the lumber, woth an es-
timated 100000 to $4,000 900, to
the Eastern Pine corporation was
announced yesterday by the U. s.
Forest Service. The firm is headed
by Harry Joseph Of Chicago.
The contract calls for orderly mar
keting Of the lumber with lots to be
released each quarter and the price
70 be adjusted every 80 days to In.
sure the government Of full market
value.
Sale came after q study OF dc.
tense requirements indicated mar
keting BY Q private corporation
would be most advantageous since
eefense agencies require mainly
higher grades Of material.
The Waterbury Democrat., 1940-09-27
LONG RANGE GUNS
in CHANNEL DUEL

lover, England. Sept. 27-CUP)-~
1ritleh bombing planes reared across
llo Anglleh Channel n an attack on
GERMAN lo1g range guns today DUR
Ing 8 dual between Maxi and srltlsh
sftillefy On the French and Enelinh
eoaeia
TIE British bombing sauadren
raced ever the Cap cIfls NoS sector
VINE Nc laeh ef German BIG guns
seiIa 1Llll e seen ea each ealvo vas
Hfta, ~fitlth guns IN the boVer area
replied h TIE German ka,nkar3manl
The artillery Duel opelied AZ flo0
3, q, $3.50 4. ~, NnYl when 4
elneie German shell crashed d0gn
q ne Doeel ares. the ellaIl|nn 0dns
Iinuel 81 ~ f1le ct ahol|l Il f|Iall
lalnule f0r IS minutes Nh6n 4
iall 80 N fhfn ne NEltish alllIh
Nlnl Ihlo aolien,