davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-03-24
Airline Stocks
And Specia|ties
ForgeAhead
Many Leaders Stoy
In Marrow Groove
At Week s Close
What Stocks Di,
BY FREDERICK GARDNER,
Associated Press Financial Writer.

Associated Press Financial Writer.
NEW YORK, March 23.-Air
transport company issues, together
with handful of specialties, took
the recovery swing in today's stock
market and left many leaders to fin
ish the week in trendless area.
Selective buying came in at the
start, but steels, motors, rubbers,
rails, utilities and number of other
groups failed to respond.
Traders returned from the Good
Friday recess without definite opin-
ions either way, although the major
ity were shade more bullish than
otherwise. The idea seemed to be
growing in Wall Street that the Eu-
ropean war would be intensified as
spring gets under way and thoughts
of expanding purchases from abroad
kept many stocks on an even keel
Soar to New Highs.
Optimistic forecasts for passenger
carrying plane concerns helped stim-
ulate stocks in this category Hitting
new highs for the year or longer,
with advances of fractions to 3
points, were American Airlines, Pan
American Always, United Air Lines,
National Aviation. Transcontinenta
g. Western Air and Eastern Air Lines.
There were sporadic bursts of ac-
tivity during the short session, but
slow intervals were plentiful. Never
theless, transfers amounted to 392,-
470 shares against 478,970 a week ago.
On the week the turnover was
around 2,782, 900 shares compared
with 4,120,000 in the previous week
The Associated Press average OF
so issues was of L of point at 49.5.
but for the five-day period was up
2. A month ago the composite stood
at 49.7 and year ago at 49.l. The
closeness of the days proceedings
was exemplifled by the fact 1873 in
dividual stocks were up, 201 down
and lit unchanged.
Loft Again Jumps.
Loft once more was the days
fastest sprinter, getting up 11s at
33, new peak. Gossip regarding
dividends which this company may
receive from its Pepsi-Cola holdings
was credited for the buying here
Aircraft manufacturing issues held
on to fractions as financial quarters
heard the Government might per-
NIT the allies to order large num-
bers OF latest-type warplanes in
the United States. Ahead were
Boeing, Lockheed, Douglas and
Glenn Martin.
Among other gamers were Spice1
Mfg. which was spurred by a gen.
erous dividend; Sears Roebuck
Texas Corp, Great Northern, Dow
Chemical, Du Pont and Westing-
house.
In arrears were U. S. Steel, Beth
lehem, Chrysler, U. S. Rubber, Santa
Fe, N. Y Central, Anaconda, East
man Kodak. General Electric, Union
Carbide and Consolidated Edison.
In the curb Phoenix securities,
also in the Loft-Pepsi-Cola setup,
was lively climber. Other gamers
here included Brewster Aero, Amer
ican Cynamid "B" and Technicolor.
Volume was around 100000 shares
against 100000 last Saturday.
Strength of aviation stocks in all
markets was the principal feature
Of the week. Most leaders Jagged
Monday as peace rumors followed
the meeting OF Hitler and Musso-
ini. There was comeback Tues
day and Wednesday, when the peace
theme faded and a slight dip
Thursday as commitments were
ightened for the Friday holiday.
Evening star., 1940-03-24

at a meeting Of
the ard of
trustees yester-
day. Henry M.
Eaton, chairman
Of the board,
announced last
night.
Born in Alex
ander, w. Va,
where he taught
sc h ool for q
number Of years,
Mr.. M or g a n
came to Wash
ington in 1900,
] a t e r gradual
Evening star., 1940-03-24
Federal Agents Purchase
Eggs on Big Scale
BY the Associated Press.

BY the Associated Press.
CHICAGO, March 23.-Uncle Sam
filled his Easter egg basket to the
brim today in an effort to support
prices.
Produce dealers, finding no other
outlet for heavy egg supplies, un-
loaded 634,320 dozens to agents of
the Federal Surplus Commodities
Corp, which distributes eggs in re-
lief channels. This was the extent
of buying in the New York and Chi
cago markets.
Egg prices are the cheapest at
Easter time in six years, with best
grades only slightly above 16 cents
wholesale. According to the Chi
cago Mercantile Exchange, the relief
agency Is prepared to buy surplus
eggs in all North Central States and
In Kentucky, an area which normally
produces about 1880, ,000, 900 eggs
annually, or half the Nations sup
ply. Thus, the F. 8. G. G. is prepared
to receive offers of surplus eggs In
40 States and the District of CO.
lumbia.
With today's purchases, the ierg-
est since the Government began its
current buying program in Decem-
Der, accumulations now total 0,40O,-
600 dozens.
Evening star., 1940-03-24
Farmers Cash Income
Far Above Year Ago
In Two Months
More Thon Half Of Big
Gain Comes From
Benefit Payments
BY the Associated Press.


Cash income of farmers, the Agri-
cultural Department reported yes
terday, totaled $1,378 ,000, 900 during
the first two months of 1910, topping
receipts of the same months last
year by $4,000, 600.
More than half the increase was
in Government benefit payments.
Income from farm marketings was
reported to be $1,154, 900 900, COM
pared with $1,064 900 900 in the cor
responding months in 1899, while
payments to farmers who CO.
operated with 1889 crop production
control programs amounted to $224,-
900, compared with SOC, 900 900 a
year earlier.
Peak Came in January.
The department said the increase
in Government payments repre-
sented principally an earlier and
more rapid movement of subsidies
to farmers. In 1899, payments did
not reach a peak until March,
whereas the peak in 1910 came in
January.
March income, the department
said, likely will exceed that of the
same month last year, but not by as
large an increase as in January and
February. Market prices of princi-
pal farm products were slightly
lower in March than in February.
The department said benefit pay
ments in March were likely to be
smaller than in February and also
smaller than in March last year,
when they totaled sos 5,O00, 900.
Most of the increase in market
receipts so far this year came from
sales of crops, principally wheat and
corn, and particularly from redemp-
ton and sale of wheat that had been
stored by growers under Govern
ment loans.
Income Classified.
The January February income by
major classes of products for 1899
and 1910, respectively, included:
Grains, $4,000, 900 and $184,-
100000; cotton and cottonseed, $44,-
100000 and $4,000, 900; fruits, $34,-
100000 and $31 100000 vegetables,
$4,000, 900 and 1900 900; tobacco,
$45, 100000 and 1900, 900; meat
animals, $340,000,000 and 1884,
900; dairy products, $214,0O0 900
and 1924 ,000, 900, and poultry and
eggs, $4,000, 900 and $91, 900 900.
Evening star., 1940-03-24
Reflects January Lull.

Because of the January lull. con-
struction in the first two months Of
1910 failed to make as favorable
showing as February activity when
compared with ataer years. .a,
Total construction amounted to
$13,732,6l2 in the two months, we'll
below the same periods in 1887, 1888
and 1899.
The value of residential permits,
however, reached 1856 ,562. not far
behind $6,918,270 in the 1899 period,
and with that exception was the
highest for the period on record.
The number of families provided
for advanced to Its, against 1,643 in
the same 1899 months. This total
was a new peak for the period
Total construction, residential per-
mits and the number of families
provided for in the first two months
Of various years follow:
Evening star., 1940-03-24
By the Associated Press.

Suggestions by interstate COM
merce commissioners that a $16,-
100000 refunding bond issue Of the
Chicago Union Station Co. be sold
through competitive bidding, Com
missioner Claude r. Porter said yes
terday, have met with "a sort Of q
sit-down strike on the part of cap
ital."
George H. Pabst. jr., treasurer Of
the Pennsylvania Railroad and q
director Of the station company,
testified at a hearing before Porter
and Examiner A. G. Devoe that in
vftations to bid were sent to LOT
banking, insurance and investment
firms, but that only Halsey, Stuart
G Co. Of Chicago submitted an
offer. Halsey, Stuart, for itself and
unnamed associates, offered to buy
the $4,000, 900 issue Of 3h per cent
first mortgage bonds, series r, at
98.05 per cent Of par:
Pabst said the company rejected
Evening star., 1940-03-24
Otis Elevator Nets
SCISSORS Profit
BY the Associated Prexs

BY the Associated Press
NEW YORK, March 23.-Otis
Elevator Co. reported today for 1899
net income Of $2,751 ,026 after setting
up q reserve Of $500, 900 for foreign
investments.
The profit was equal to $1.18 a
share on the common stock and
compared with net profit Of $l912,-
7SO, or 76 cents Q common share,
in 1898.
Evening star., 1940-03-24
Dividend Is Ordered

NEW YORK, March q (Spe-
ciaD.-Directors of Marchant CAL
culating Machine Co. of Oakland,
Calf, have declared the regularly
quarterly dividend of Is cents per
share on the 226, ,642 shares of COM
mon stock outstanding, payable
April Is to stockholders of record
March 81.
Evening star., 1940-03-24
Wheat Prices Hold
10 Narrow Range,
Trading Light
Early Advance Gives
Way to Weakness,
Recovery Follows
BY FRANKLIN MULLIN,

Associated Press Market Writer.
CHICAGO, March 23.-The short
grain market session today between
two holidays produced q light trade
that affected wheat prices only
mildly, causing nervous fractional
fluctuations.
An early advance of y cent gave
way to weakness that let quotations
slip As much as u cent below pre-
vious closing levels. A final hour
recovery resulted in a close that was
unchanged to. y lower than Thurs
day, with May at $1.05A-h and
July. $1.03*-A.
Scattered hedging rejecting mar
keting of loan wheat and some
week end profit taking accounted for
most of the selling, which offset pur-
chasing inspired by weather and
crop conditions. Some mill buying
also was reported on price dips.
Corn finished unchanged to 4
lower, May, $685.; July, 57la-3s;
oats. u of to u up; rye unchanged
to Is higher and lard unchanged to
S higher.
A cold wave covering northern
portions of the belt caused no par
ticular uneasiness because of snow
covering over much of the spring
wheat and soft winter wheat zones
but forecast of lower temperatures
in the Southwest created some anx-
iety. There was no moisture in
dry sections over the holiday but
the spring wheat and soft wheat
areas had some precipitation and
additional light SHOWS were forecast.
Southern Kansas and Western Okla
homa also may receive rain or snow
and the weekly forecast promised
some additional moisture for much
of the grain belt with below normal
temperatures.
Receipts of actual grain were
heavier in most markets, the IL ter
minals getting 100000 bushels
compared with $4,000 a week ago
and 565,000 a year ago. Although
some Of this was due to two-day
accumulation, it represented in
creased marketing of loan wheat,
traders said.
Grain range at principal mar
kets today:
Evening star., 1940-03-24
West Named to boord
OfWestern MARYLAND
Special Dispatch to The Star.

special Dispatch to The Star.
BALTIMORE, March 23.-J. Harry
West, prominent in the coal trade
In Baltimore, has been elected a
director of the Western Maryland
Railway. He is president of the
Enterprise Fuel Co. of Baltimore
and was connected with the West
ern Maryland a number of years
ago. Mr.. West fills vacancy caused
by the recent death Of j. Mallory
Taylor, jr. All the other directors
were reelected and at a meeting of
the board, which followed the
stockholders gathering, all the off,
GERS OF the company were reelected.
Evening star., 1940-03-24
Boston Wool Market
Is Extremely Quiet
BY the Associated Press.

BOSTON, March, 23.-United
States Department d Agricultural
The market for wool in Boston
during the last week was extremely
quiet. Buyers were very cautious
about making commitments in raw
wools and sentiment among holders
was quite pessimistic because of the
restricted outlet for woods. This oc-
casicned reduction in asking prices.
Graded combing bright fleece woods
were quoted on grease basis at
IS to 81 cents for fine delaine and
at 36 to SO cents for one-half, three
eighths and quarter blood grades.
Evening star., 1940-03-24
Maryland Trust Co.
Names Treasurer
pecial Dispatch to The Star.

0peC1dl DISpNLClI 70 Inc 6CAI. =
BALTIMORE, March 23.-John T.
Flynn has been made vice president
and treasurer of the Maryland Trust
Co., filling the vacancy caused by
the recent death of Jervis Spencer,
jr. Mr.. Flynn has been one Of the
vice presidents of the company, with
which he has been associated for 10
years. He is q former vice president
Of the Continental Trust Co.
Evening star., 1940-03-24
Home Building Leads.


In Arlington County, all of which
is in the Metropolitan Area, Feb
ruary construction totaled 81, ,398, ,319,
against $349, 1868 in the preceding
month and $l,5l9,797 in February,
1899. Residential activity continued
to provide the larger part of the
total
All classifications were behind the
1899 month, except additions, altera-
tions and repairs, although the de-
cline in residential building was
moderate.
The two-month volumes also were
behind ayear ago, except for addi-
tions, alterations and repairs.
Arlington totals for February and
(See HADLEY, Page ED
Evening star., 1940-03-24

n. G. Hoskinson. of the commit
tee, including some Of the city's
leading bankers, are: ~
Francis G. Addison, jr., presi-
dent, Security Savings & Com
mercial Bank; Victor B. Deyber,
chairman of board, Second Ma
tional; Charles H. Doing, vice presi-
dent, Washington Loan & Trust
Co.; Joshua Evans, jr., vice presi-
dent, Hamilton National; Robert v.
Fleming, president. Riggs National;
Thomas j. Groom, executive vice
president, Bank Of Commerce &
Savings; H. H. Mckee, president,
National Capital Bank; l.. P. Nc
Lachlen, president, McLachlen Bank;
G. H. Pope, president, Munsey Trust
Co.; John Saul, executive vice presi-
dent, American Security e. Trust Co.
$50 Loans Made in February.
The February report of the 20
building and loan associations in
the District Of Columbia, just re-
leased, shows combined resources Of
e143,886, SIT. An increase in the
amount Of shares subscribed of ST.
381 900 over the January figures is
reflected in a corresponding decrease
In borrowings.
The healthy trend in new building
operations, which was a high spot
in the January statement, continued,
$50 loans of all types being ad-
vanced in February as against 535
In January.
Total loans granted reached $2,-
$4,000. slight increase over the
preceding month.
Traction Bonds Again Strong.
Capital Traction IS were strong on
the Washington exchange again yes
terday. The market opened with a
81 900 transfer at 1915, followed by
q $4,000 sale at 101. The highest
price in years is 1011a.
Riggs National Bank common
stock figured in small lot sale at
27s, up three points from the last
previous transaction. Capital Transit
stock closed the week at Is, un-
changed.
-Four banks have declared regular
dividends in the past few days, Co.
lumbia National, National Metro
politan, American Security e. Trust
and Security Savings g. Commercial.
National Metropolitan Bank stock
has recently reached its highest quo
tations in years, 270 bid yesterday
and $50 asked.
Heard in Financial District.
The District of Columbia Building
and Loan League holds its March
meeting Tuesday noon at the Raj
eigh Hotel. Secretary F. Wilson
Camp reports that the delegation
leaves here Tuesday evening to at
tend the Home Loan Bank stock
holders meeting at Winston-Salem.
Sales of general merchandise in
small towns an6 rural areas in Feb
rlary were up per cent, lower than
other recent gains. Sales in the first
two months of 1910 were 8 per cent
better than a year ago and 18 per
cent above the 1888 period, the Com
merce Department reports.
At present prices on the Washing
ton Stock Exchange, the company
sale of 24,z00 shares of Washington
Gas Light preferred stock will have
. value Of well over $2,500,0 900.
As already announced, plans for
the sale Of the stock have just been
registered with the Securities and
Exchange Commission. The pro-
ceeds are to be used to meet expan-
aim needs and hank loans
Evening star., 1940-03-24
Nom Residential Total Up.


Non-residential permits in Febru-
ary also advanced to $5,419,752,
against $72l $50 in the preceding
month and $2,702,901 in February,
1889. They failed to equal the 1898
month because of the large Govern
ment project mentioned above, but
with that exception were the highest
for any February on record.
Additions, alterations and repairs
climbed in February to $500, ,404,
against $333,934 in the preceding
month, but were behind $716,646
recorded in February, 1899. They
also were far behind the same 1887
month.
Non-residential permits and addi-
tions, alterations and repairs for
February in various years follow:
Evening star., 1940-03-24
tober, 1899. The record for the last
l3 months follow:

d. G. Registers Big Gain.
In the District of Columbia to-
tai construction during February
reached $7,334,O07, we'll ahead of
$1,7S0,3l9 in the preceding month
and 81, 1886 ,665 in February, 1899. A
large part of the total was nom
residential, including commercial
and public building.
All classifications were far ahead
of February, 1899, except additions,
alterations and repairs.
Volume for the first two months
OF this year also was well above
the same 1889 period.
February and two-month totals
for the District of Columbia in 1910
and 1899 compared as follows:
Evening star., 1940-03-24
Declines Recorded.

Non-residential construction for
the two months totaled $6,141,712,
we'll behind the same period in both
1898 and 1899.
Additions, alterations and repairs
amounting to 1924 1888 fell short of
the same period in 1888 and 1899,
although they were ahead of the
1898 period.
Non-residential construction and
additions, alterations and repairs
for the first two months of different
years follow:
Evening star., 1940-03-24
Hoskinson Bank Program Chief.

c o n v ent1on OF
t he Dis tri C t
Bankers Associa-
ton, President
Ord Preston an
nollnced yester-
day. Mr.. Hoskin-
son was presi-
dent of the as
sociation la S t
year.
Glare nee F.
B u r + o n, presi-
dent. City Bank,
has been named
vice chairman.
Other members
Evening star., 1940-03-24

$89.715 in the preceding month and
$255 ,804 in February, 1899.
Residential activity was slightly
behind a year ago but nonresident
tial building was up sharply.
In the first two months of 1910, all
classifications except non-residential
were behind year ago.
Alexandria February and two
month totals for 1910 and 1889 COM
pared as follows:
Evening star., 1940-03-24


Washington University. He is now
examiner in chief and member of
the Board of Appeals Of the United
States Patent Office.
One Of the founders of the build
Ing association, Mr.. Morgan has
played very important role on the
steady growth during the last eight
years, Chairman Eaton said, adding
that the record shows no fore
closures, no losses and no bad loans
In that period.
The association has membership
In the Federal Home Loan Bank and
Federal Savings and Loan Insurance
Corp.
Hoskinson Bank Program Chief.
Hilleary g. Hoskinson, vice presi-
dent Of the Riggs National Bank, has
been appointed chairman of the
Program Committee for the June
Evening star., 1940-03-24
FEBRUARY.
Montgomery Building Ahead.

Montgomery Building Ahead.
In the Metropolitan section Of
Montgomery County total February
construction amounted to $762 1854,
against $512,417 in the previous
month and S712,864 in February,
1889. Almost the entire volume rep
resented residential activity.
All classif1cations were ahead OF
February, 1899, except nonresident
tial, which recorded small decline.
Volume for the first two months
of this year was behind the same
1889 period because of the drop in
non-residential building. Residen-
tial activity and all other classifica-
tions were ahead.
February and two-month totals
for Metropolitan Montgomery in
1910 and 1899 follow:
Evening star., 1940-03-24
Morgan Elected
By Progressive
Association
Building and Loon
Board Picks New
President
By EDWARD c. STONE.

Elonzo T. Morgan, executive vice
president Of the Progressive Building
& Loan Association, 1416 F street
NV, was elevated to the presidency
Evening star., 1940-03-24
FEBRUARY
Prince Georges Lag Seen.

Prince Georges Lag Seen.
In the Metropolitan section of
Prince Georges County, total Febru-
ary construction amounted to $846,-
155, against $147,170 in the preceding
month and $1,376,088 in February,
1899. The bulk of the total was nom
residential building.
Residential activity showed a
moderate gain over a year ago, but
all other classif1cations were behind.
In the first two months of this
year, all classif1cations were behind
the same 1899 period.
February and two-month totals
for Metropolitan Prince Georges
County follow:
Evening star., 1940-03-24

ChicAy0 Cash Market.
Cash wheat No. g yellow. hard, 1O7;
No T. red, 1.06A:, No. 4. mixed. tough.
Corn: No. l. mixed. 691a: No. 2. 63-eb; Nc.
4. 81; No. 1. yellow. 58K-6OK; No. 3. 6s-
5sh: No. 3, 57h-5s,.; sample, 5s: No. 2,
white 6S; No 3 6sh. Oats. feed: 80:
43-43h; Barley mailing. 1894. nom. |;
feed. 40 80, nom: No. 3, 90. Field seed.
per hundred pounds, nominal: Timothy
RED cloverseed. 125O-16.OO; red top, $50
200: alsike. 15.00-1s.0O; alfalfa, 1900
23;00; Soy beans. No. 3, yellow. 1.1OA-
Evening star., 1940-03-24
Winnipeg Cash Market.

,MImnIpek Vtsn M1fket
No. l, northern. s7N: No. 2, e5T; No. q.
S3H. Oats, No. 2. white, 37N; Nn. ),
S6h.
Evening star., 1940-03-24
Recovery in Residential Building Shown
BY February Metropolitan Area Report
METROPOLITAN AREA BUILDING
(TotoI ond Residential Activity by Months)

Millions (Toto and Residential Activity by Months
Of Dolon - - ~
[1
lzo- -l-Resdeniol - d IN lll lid
Evening star., 1940-03-24
FEBRUARY.

TWO MONTHS.
Evening star., 1940-03-24

(See TRADE, Page E-3.3
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1940-07-06
DETAILS FROM
GRAND ASSEMBLY
ARE RECEIVED
Rainbow Girls from Ju.
neau Chapter Attend
Session, Yakima

Miss Maydelle George, Juneau's
delegate to Grand Assembly, sent
an account of the Rainbow Girls
session to the Mother Advisor OF
the local assembly, Mrs. Howard D
Stabler
She stated that Grand Assembly
was held in Yakima, June 81, %
and 20, and that the weather was
perfect during the entire affair.
There were $500 Rainbow Girls
registered, the Alaska delegation
consisting of Miss George, Juneau
delegate; Isabel Parsons, Grand
Choir member from Juneau; Betty
Wilcox of Juneau; Helen Nakki,
newly appointed Grand Service from
Anchorage; jean Washburn. Grand
Religion from Ketchikan; and Gret-
chen, also Of Ketchikan.
Miss George writes that the AL
aska girls were especially honored
in that they were seated in the East
during the entire convention. Miss
Audrie Miller, who made her visit
aticn to Juneau last month, pre-
sided over the sessions as Grand
Worthy Advisor. After the formal
opening, Miss George gave the re-
sponsc to the welcome given the
girls from Alaska.
The theme of Grand Assembly
this year was the Old West" and
che Ct the outstanding events dur
ing the three days of activities, was
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1940-07-06

The parade with its many unusual
floats. The prize winning wapota
float embodied a pure white sail
boat entitled Service" The Alaska
girls rode on the outside of car
and drew many an applause as they
sang I Like HumpbacK Salmon
Highlights among the many events
included the drill team competition
won by Bellingham; the Grand
Banquet; exemplification of the in
itiatory work; majority service,
Grand Cross of Color ceremony;
election of officers; business re-
ports; Mother Advisors luncheon
and the Grand Ball.
Miss Dorothy Hill, 19year-
resident of Port Townsend wa s
elected Grand Worthy Advisor fol
the coming year Miss Marguerite
Barker Of Seattle, who visited ir
Juneau last month, is the new Grand
Worthy Associate Advisor.
Other elective officers include
Miss Wilma Overstreet of Mt Yer
non, as Grand Charity; Miss Bar
bara Beedle of Wenatchee. GRAND
Hope; Miss Jean Fellows of Sedro-
Wooley, Grand Faith.
1t was announced that GRAND
Assembly for 1941 would be held in
Olympia. according to advices from
Miss George. ~ H
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1940-07-06
ATTENTION BICYCLE OWNERS

The second lot of Bicycle Lii
cense Plates have been received.
If you have not already purchased
your plate, please do SO at an early
date.
H. TURNER,
adv. City Clerk.