davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-01-18
Chicago Livestock

CHICAGO. Jan. IS GN Omitted States
Deportment of Agriculture) .-Salable hogs
10000; total: $4,000: uneven; early trade
mostly 5-15 higher than Wednesdays av-
erage; closing with advance lost; top. 5.s5;
bulk good and choice 160-24O pounds,
5;5O.S0: 240-27O pounds mostly 5.25-65:
2a0-330-pound butchers 5.1O-4O; good
360-55O-pound packing sows. 4.3O-75;
smooth light butcher kinds up to 500.
Salable cattle, 4. 900: salable calves 500;
no strictly choice steers here; shipper de-
mand very. narrow however, on strictly
good. to choice offerings: these barely
early Wednesday; weighty kinds. grading
steers selling ct $50, downward. these
rum run. heifess s sloE steady to weak: choice
sns c5tssrs 6esi COWS Stssdy 1915 syeT
weak sssags to hl|. II loEe PRACTICAL top Tsishty
stricting veal calf supply; market 25 high
err mostly IL. .5O-13.5O: replacement cattle
more active at 7.50-S.25.
-, salable sheep. 1000; total 1000; late
Wednesday fat lambs. strong to 15 higher;
sheep steady; wooled lambs. 9.0O-15: top,
go: medium yearlings, 700; native ewes
4,00-5O; today'S trade, fat lambs active;
strong to shade higher; good to choice
wooled lambs freely at a.1O-25; best held
around a.35-5O: sheep strong to 25 higher;
few native ewes. 4.25-75; two doubles 124
pounds Montana ewes. $40.
Evening star., 1940-01-18
Plan for Missouri
Pacific Reduces
Capital Sharply
Preferred and Common
Shares Would Be
Declared VoIueIess
By the Associated PresS.

BY the Associated Pfess.
The Interstate Commerce Com
mission made public yesterday its
reorganization plan for the vast
Missouri Pacific Railroad system,
which went into bankruptcy seven
years ago. 1t included these major
items:
The properties of all 20 debtor
railroads in the Missouri Pacific
system, along with three non-rail-
road properties, would be console
dated into a new company. The
Missouri Illinois Railroad Co. would
be omitted.
Total capitalization Of the new
company would be $3.50. .478 300. a
reduction of nearly Sill 900 900 from
the systems present capitalization.
Annual charges would be reduced
to $21,695, ,499, a saving Of nearly
81 500 900.
Preferred and common stock
would be declared valueless.
Equipment obligations totaling
$13 IT'S 900 would be left undisturbed.
The plan now must be submitted
to the Federal district court at St.
Louis and if approved there, must
be Endorsed by two-thirds of those
voting in each class of creditors.
The I. C. C. fixed January l, 1910.
as the effective date of the plan,
even though a long time may yet
elapse before its completion.
Nine commissioners joined in the
| approval. Commissioner Carroll
Miller concurred in the conclusions,
but disagreed with certain princi-
piles" expressed by the ma ajority.
Commissioners Splawn and Patter-
son did not participate.
THE record is persuasive" the
commission said, that the proposed
consolidation will result in benefit
to the public, to the creditors of
the debtors, and to such of their
stockholders as may have an inter-
est In the new company"
| The commission noted that the
railroads marked for inclusion in the
new company were not parallel or
competitive and would not figure in
any changes which might later be
made under the I. c. C.'s vast rail
consolidation program.
Evening star., 1940-01-18
3,529.G coo 3,569,10O
Gain on Year Ago,

Gain on Year Ago.
February domestic demand for
motor fuel, the bureau said, likely
would total 37,3O0,000 barrels or 4
per cent more than the actual de-
mand last February.
The bureau estimated motor fuel
exports for February at 100000
barrels compared with 100000 in
January.
It estimated crude oil exports at
100000 barrels compared with S.
700, 900 for January and with actual
exports of 4,810O00 last February.
Officials estimated stocks Of fin
ished and unfinished gasoline as Of
November 80 at 76.790,000 barrels
With an increase of 100000 barrels
in finished stocks in February, they
said stocks at the end of the month
should approximate 96,000,000 bar
rels.
The bureau estimated refinery
production of gasoline at $4,000, 900
barrels and the output of natural
gasoline to be blended at the refn-
cries at 3,140,000 barrels.
Increase Indicated.
Officials reported an indicated
gain in the demand for all oils of 6
per cent above the relatively high
levels of last year. Gasoline stocks
have risen to record levels, they
said, but stocks of distillates and
other refined oils (east of Cali
formal are relatively low.
Daily average crude oil production
and runs to stills during the four
weeks, December 3 to 80, were
3,776,OOO and 3,429000 barrels, re-
spectively. During this period total
crude oil stocks increased 3,440,000
barrels, 47OOO of which were foreign,
leaving a net increase in domestic
stocks of 1898 900 barrels, or 121 900
barrels daily.
The bureau said the apparent de-
mand for domestic crude during the
period was 3,65500O barrels daily.
Evening star., 1940-01-18
Bank CIearings Rise
Above 1899 Levels
During Week
Slight New York
Decline Is Offset
At Other Centers
Ry the Associated Press.

By the Associated Press.
NEW YORK, Jan. l8-With New
York registering only fractional de-
cline from a year ago, the volume Of
bank transactions for the country
went ahead of the comparative 1899
level for the first time in the past
three weeks.
Bank clearings for % leading cities
of the United States during the week
ended Wednesday, January II,
amounted to $500, ,29s 600, accord
ing to Dun & Bradstreet. This rep
resented rise of Al per cent above
the $5,575, ,422 900 for the same week
last year.
The aggregate for the latest week
rose $208, ,779,000 over the total for
the week preceding, in contrast to
drop of 1922, 1877 900 between the two
similar weeks of 1899.
Clearings for New York equaled
S3,448, ,724, 900, against $3,454 SOB 900
year ago, giving a decrease of only
0.2 per cent. while the turnover for
the 81 outside cities amounted to
$685., STA 900, as compared with $2,-
120,8l9,000 for the corresponding
1899 period, or an increase of 11.2
per cent.
Advances over the previous year
were general at all outside centers,
the more important of which were:
Cleveland, 21.5 per cent: Pittsburgh,
1875 per cent; Buffalo, Ill per cent;
Seattle, 1872 per cent: Baltimore,
14.7 per cent; Chicago, 14.5 per cent;
Detroit, 1875 per cent, and Philadel-
phia and Minneapolis each 1910 per
per cent.
Bank clearings at leading cities,
together with percentage changes
from year ago, follow; also the
daily average bank clearings for the
months of November, December, and
January to date.
Evening star., 1940-01-18
Stewart Named Head
Of Loan Association

John M. Stewart was named presi-
dent and Frank D. Strader first
vice president of the Metropolitan
Building g. Loan Association yes
terday, in meeting at its Offices
opposite Arlington (Va) Court
house.
Other officers are: Frank G.
Campbell, second vice president;
Alfred A. Hilton, treasurer; Ralph
M. Kimble, secretary; Miss Ger
trude McCrillis. assistant secretary;
Clarence R. Ahalt, counsel, and
Harry B. Ellis, auditor.
Members of the board of directors
are John M. Stewart, Frank D.
Strader, Frank G.. Campbell, Clar-
ence r. Ahalt, Ralph M. Kimble,
Alfred A. Hilton, Harry B. Ellis,
William E. Wolff, A. Lane Cricher,
William c. Crockett and Howard
S. GODDARD.
Evening star., 1940-01-18
Old Dominion Bank
At CherryduIe Elects

George F. Cook was named presi-
dent of Old Dominion Bank of
Cherrydale, Va, at an annual meet
ing last night. George S. Douglass
is vice president.
Other officers are William E.
Robey, cashier; Jesse R. Stein, as
sistant cashier and secretary. c. H.
White, jr., assistant cashier and
manager of the Columbia Pike
branch, and c. r. Dye, assistant
cashier and manager Of Ballston
branch.
Directors were George F. Cook,
George S. Douglass. Herbert L. Will
son, Harry w. Cuppett, William j.
Armstrong, H. G. Bauserman and
c. E. Simmons.
Evening star., 1940-01-18
Increased Speculation
In j. ). Steel Shares
Is Disclosed
Larger Amounts Held
In Brokers' Names;
Foreigners Sell

Ey the Associated Press.
NEW YORK, Jan. 18.-Increased
speculative interest in United States
Steel common and preferred stocks,
as well as modest amount of for.
eign selling, were disclosed today
by the company's report of changes
In ownership of its shares during
the final quarter of 1899.
Greater speculative interest, be-
lieved in Wall Street circles to stem
from the sharp increase in steel
operations and potential benefits as
a war baby" was reflected in an in
crease in the amount of stock held
in brokers names. Over 30 per
cent Of the decline in foreign hold
ings resulted from British and Ca
madam selling.
Common stock in brokers' names
rose from 2,262,757 shares on Sep
tember 80 to 2,439, ,887 shares at the
end Of the year, or from 26 per cent
to 28.03 per cent of the total issue.
Preferred stock in brokers names
increased from 404,512 shares to
419,58l shares, or from 11.23 per cent
to 11.65 per cent of the amount
outstanding.
Foreign holdings of common 6e-
clined from 833,244 shares, or 3.57
per cent of the issue, on September
30 to 733,368 shares, or 8.48 per cent,
on December 81. Preferred stock in
foreign hands decreased from 77,304
shares to 1920 shares, or from Els
per cent to 2.09 per cent of the num-
ber outstanding.
Evening star., 1940-01-18
Eugene, 0reg., Rejects
Bonneville Contract
Dy the Associated Press.


EUGENE, Greg. Jan. 18-The
Eugene Water Board, rejecting
contract with the Bonneville Hydro
electric Power project, went ahead
today with $4,000 expansion of
its municipal facilities.
Eugene is the southern terminus
of 100000 Government trans
mission line extending from VAN
couver, Wash, through the Villa
mette Valley. The city is one of
the Oregon pioneers in municipal
ownership.
j. w. McArthurd, Water Board
superintendent, said construction of
steam standby power plant would
provide cheaper and more practical
service than available from Bonne-
Vile
I'VE can produce power in this
area with standby plant that can
take care of all needs of this dis
trict for some time to come" he ex-
planned.
I'VE will remain in touch with
Bonneville-there is no animosity,
We may need Bonneville power
sometime, and Bonneville may need
our help in the course of time to
handle their demands if they come
into this area"
Eugene claims one of the lowest
rate schedules in the Northwest.
Evening star., 1940-01-18
United Corp. Reports
%,%2,675 Income
For Last Year
Net Compares With
$8,50l ,992 Recorded
In Previous Period
BY the Associated Pross.

BY the Associated Press.
NEW YORK, Jan. 1S.-United
Corp, the investing company
created under J. P. Morgan & Co.
sponsorship in 1929 to centralize
holdings in a number Of Eastern
utility systems, yesterday reported
net income for 1889 Of 1882, ,675,
after expenses and taxes, equal after
preferred dividends to Z cents a
common share.
This compared with net income
Of $8,50l ,992 in 1888. also equal to
z cents a common share.
United Corp. holds 261 per cent
voting interest In United Gas I'm
provement Co., 1879 per cent voting
interest In Public Service Corp. of
New Jersey, 23.4 per cent in Niagara
Hudson Power Corp, and 1875 per
cent in Columbia Gas g. Electric
Corp.
Shares of these four companies
represent more than 80 per cent of
the book value of the security in
vestment portfolio.
Indicated market value Of securi-
ties held at the year-end was STA
332, ,279, contrasted with $l53, ,457, ,482
at the close of 1898.
Ruled a holding company under
the Public Utility Act of 1885, the
company has laid plans to exempt
itself from the act by reducing hold
ings of securities of statutory SUBJ
salaries to under 10 per cent, the
meanwhile diversifying its port
folio by purchases of other than
utility securities.
During 1889 the corporation sold
for cash in the open market 1880
common shares of Columbia Gas g.
Electric Corp. for $107 558, and IT,
900 shares of Niagara Hudson Power
common for $135 ,694.
"The corporation was authorized
by an order of the Securities and
Exchange Commission March 13,
last, . to invest during a period
Of not more than six months not
more than 100000 of its current
funds in the securities of non-utility
companies" George H. Howard
president. told stockholders in the
annual report. This six months
period was subsequently extended
for an additional four months, ex-
piring January 13, 1910. Under this
order, the corporation has invested
s4,478,651 in shares of various COM
panies."
Evening star., 1940-01-18

Clarence E. Kefauver, secretary, and
William E. Poulton, assistant secre-
tary.
Directors reappointed by the share
holders are Albert o. Denham, c..
Gay Harrell, Clarence E. Kefauver,
George B. Cowles, w. Owen Hohen-
stein, Howard E. Thompson and
John B. Harrell.
The presidents annual report
stated that since Columbia federal
lied in October, 1899, mortgage loans
in excess of s500,000 have been pre-
sented to the association for con-
sideration. Total resources are at
the highest point in the history of
the group, being s5,164 900, Mr.. Har-
rell announced.
Evening star., 1940-01-18
Dayton Power Officer
Opposes Competitive
Bids on Issue
DetufieId Believes
Prices Would Be
Pushed Too High
BY the Associa iated Press.

0y Inc A6SOCleteO fIebo.
COLUMBUS, Ohio, Jan. 18.-Sale
Of a proposed $25,000,00 Dayton
Power & Light Co. bond issue on
q non-competitive basis was advo-
Gated yesterday by Robert H. Della
field, financial vice president of the
firm, as being In the best interests
of both the company and the public.
"Our principal thought is to float
an issue which will serve the best
interests of the company - and
will be enhanced in value when it
goes into the hands of the public" /"
Delafleld asserted in applying to
the State Utilities Commission for
authority to sell the issue.
Il do not feel that best results
could be obtained by competitive
bidding. You don't come out with
a strong issue because the tendency
OF bankers is to pay attention only
to prices and not to the condition
OF the company, and there is q dis
tinct tendency to mark up prices
beyond real values"
Harry ]. Munger, Dayton city
commissioner. had attacked the
non-competitive bidding proposal as
inimical to consumers.
Commission Chairman George G.
McConnaughey said a ruling prob
ably would be made this week.
Delafield, also vice president Of
the parent Columbia Gas e. Elec-
trio Co., said there was no connec-
ton between either firm and Nor
gan, Stanley & Co., New York in
Yestment bankers, who asked the
Securities Commission at Washing
ton to investigate propriety of the
companys underwriting the pro-
posed issue. S. E. c. ordered q
hearing January "a.
Attorneys for the Morgan firm in
dicated to the S. E. c. they did not
want repetition of their expert
ence in handling financing for Con-
sumers Power Co. of Jackson, Mich,
which was held up by hearings.
Evening star., 1940-01-18
Dry Goods Market

NEW YORK. Jan. Is IP,.-A new speci-
ncatlon announced by the War Department
IN washington which makes permissible the
use OF cotton osnabergs in the manufacture
OF sandbags frightened the outlook for
cotton goods traders today.
normally sandbags purchased for United
states Army use are made of burlap fab
rics. With European hostilities causing
the new specification was seen as a means
OF opening the door to the potential use
OF millions of yards Of cotton goods,
ceptable, for sandbae manufacture the
sstanoard 32x2S osnaberg weave in widths
from 30 to 40 inches,
Business in principal textile markets this
morning generally was spotty. WooIen and
rayon dealers reported fair inquiry for
STANDARD constructions, but markets for
cotton and silk fabrics were slow.
Evening star., 1940-01-18
Moderate Decline
In FEBRUARY Oil
Demand Forecast
Government Estimate
Is J Per Cent Larger
Than Need Year Ago

BY the Associated Press
The Bureau OF Mines today esti-
mated the February market demand
for domestic crude oil at 102, $40 900
barrels for the month, or $500 900
daily.
This, officials said, was 40,700 bar
relS, or per cent. less than the es-
timated January demand and per
cent more than the actual demand
of last February.
The bureau estimated the daily
average crude oil demand by States
as follows:
Evening star., 1940-01-18
Foreign Markets

LONDON. Jan. 1s P.-British sov.
ties market today following announcement
OF conversion of the Az per cent loan
industrial leaders came back into the spot
over remained below normal Domestic
carriers moved forward briskly early. but
Iaied TO maintain all gains. Aside from
O. commodity stocks and kaffirs closed
steady 70 q shade hieher.
Arm price footing today, but boeTed down
oefore getting very far Turnover was
iar below recent sessions. Gold mining
issues and foreign stocks were a trlfle
irregular, but domestic securities landed
on top. Rentes closed 35 to 12O centimes
''snfs 'AsnMfssTERDAM-pomes,ic sou,,iss ,n,bs.
ahead in the bourse, but American stocks
closed steady to q shade lower. In the
local @ group little hesitancy developed
Evening star., 1940-01-18
Shoe Production
| At New Record
During 1889
b. the Associated Press.

By the AS6oClated Pfe66.
BOSTON, Jan. 18.-The Tanners
Council Of America today estimated
December shoe production at 29,-
500, 900 pairs, which would place
the total production for 1899 at the
record figure Of 4l9, 800, 900 pairs, an
increase Of more than 7 per cent
over 1898 production.
The previous record annual pro-
duction was 4l5,0e0, 900 pairs in 1885
December's estimated production
compared with an output of 29,-
988 900 pairs during December, 1898,
the council reported.
Evening star., 1940-01-18
Air Express Shipments
Advance 20 Per Cent
Special Dispatch to The Star.

NEW YORK, Jan. 18.-RailWay
Express Agency, air express division,
reported today that Nationwide air
express shipments for November,
1899, totaled 77,266, an increase of 20
per cent over November, 1898.
Gross revenue for the month was
Is per cent higher than for the cor
responding period the year before,
the report said.
Evening star., 1940-01-18
Paris Bank Chances

PARIS, Jan. 1s R.-Bank Of France
millions of francs): Gold reserve, p7,267:
unchanged: balances abroad. SO: increase.
=; discounted commercial bills-France,
bought in Frsnce. 6oo6; ie increase. s; Iaeis ads
vances against securities. 3,497: decrease.
80: 30-day advances against government
securities, 413; increase lO4; Temporary
advances to state. 1929; unchanged; cir
culation. 152.392; decrease. SIT: total
credit to current accounts, 1859: in
crease 35. Ratio Of gold to sight liabili-
ties. 5S.1 IA per cent compared with 81 90
last week. Bank rate. 2 per cent.
Evening star., 1940-01-18
Vice President Named

NEW YORK, January l8 R-
Sidney D. Williams has been ap-
pointed vice president in charge of
the sales of Copperweld Steel Co.'S
new steel division at Warren, Ohio,
it was announced yesterday. Will
liamS has been with Timken Roller
Bearing Co., Canton, Ohio, for the
last IA years.
Evening star., 1940-01-18
Reduction in Copper
Prices Is Reported
By the Assotciated Prsss.

By the Associated Press,
NEW YORK, Jan. 1e.-Relable
sources in the non-ferrous metal
trade said yesterday copper had
been sold by small producers to
domestic buyers at 1914 cents a
pound and was still available at
that dgure. This represented q re-
duction Of u cent from the price
leading producers and refiners have
quoted since October 5 last year.
Recent slow demand from both
foreign and domestic buyers, they
added, has resulted in lower price
trends In the export market and
the local resale market,
Evening star., 1940-01-18
London Bunk Report

LONDON. Jan. IS R.-Bank of Ene-
land statement as Of January II showed
Tin thousands Of pounds:
Circulation. 527 ,449; decrease. 1858;
bullion. 1.040: decrease, 1O6; reserves,
53, 591; increase, s.57s; public deposits,
IA; 1853; decrease. 1906: government Sc
curities. 117,196; decrease. 1O.i6O; other
securities 2S.519: decrease, 3,13s. Ratio
compared with 24.1 last week. Bank rate,
2 per cent.
Evening star., 1940-01-18
Metal Market

NEW YORK Jan. 1s R.-Copper. easy;
electrolytic. spot. 1225-50; export. fa.s.
New York 1925: Tin, steady: SPOT and
nearby. 400: forward, 45S7H Lead.
steady; spot, New York. 5.5O-55; East St.
Louis, 5.35. Zinc. steady; East st. Louis,
spot and forward, $50. Quicksilver,
timony. platinum. Chinese wolframite and
domestic scheeltte. Unbalanced,
Evening star., 1940-01-18

again dpPolHtcu
John B. Harrell
president for the
coming year. AS
Mr.. Harrell has
headed Colum-
bia since its or
ganization / n
1907. this makes
the 34th time he
mas been elected
to the Office.
Officers r e =
elected besides
Mr.. Harrell were
G. Guy Harrell,
vice president
and trea sllrer.
Evening star., 1940-01-18
Paris Exchunae Rates

PARIS Jan. 1S G1.-The United States
dollar remained unchanged at 1880 francs
t2.2S3 cents to the franc) in foreign ex-
change dealings today. The rate COM
pared with the franc at 2.242 cents in
New New York M overnight. Exchange on Lon
Three per cent rentes in the Bourse
were 7415 francs; 41as "a" $3.50: 4hs
Evening star., 1940-01-18
Copper SnneIter
Cuts Price to
72M Gents
BY the ASsociated Press.

By the Associated Press.
NEW YORK, Jan. 18-One large
custom smelter today reduced the
price Of copper in the domestic
market to 12A cents . pound from
12h cents, which has ruled since
last October s.
Some small producers yesterday
was said to have been responsible
for the new quotation.
Evening star., 1940-01-18
c. & O. Income Rises
During 1899 Period
By the Associated Press.

81 the ASsoclateu PreSS.
CLEVELAND, Jan. 18.-Chesa-
peake & Ohio Railway made $685.
211,568 in 1889, against $40, 1872 $50
in 1888 and 4,o34 ,26S in 1887. De-
cember net income, the road report
ed, was s2,319,347. against 81 ,568, ,008
in December, 1888.
Evening star., 1940-01-18

Quotations furnished bv National Asso-
ciat.on of Securities Dealers Inc. which
transactions or firm bids or offers but
should indicate approximate prices and
unless otherwise indicated are as quoted by
the sponsors or iSsuers
mot quoted BY sponsors or issuers
Evening star., 1940-01-18
Columbia Loan Group
Keeps HarreII al Helm

Shareholders of the Columbia Fed
eral Savings & Loan Association,
meeting last night for the annual
election of officers and directors,
Evening star., 1940-01-18
Glove Output Rises
Well Above Year Aao
BY the Associated Press.

BY the Associated Press.
The Census Bureau reports No.
vember production of leather gloves
and mittens at 226, ,189 dozen pairs.
compared with 234,151 in October
and 1872 ,165 in November, 1888.
Evening star., 1940-01-18
New York Suoor

NEW YORK Jan IA 0P-supar I'll.
lures. No 3: opened unchanged January.
unauoted; March. 1.95b: May. 2.OOb: July,
2.05: september, 2O7b. Bid.
Evening star., 1940-01-18
Construction Awards
Down 26 Per Cent
From Week Ago
Heovy Engineering TotoI
rs Per Cent Under
Some 1899 Period
BY the Associated Press,

BY the Associated Press.
NEW YORK, Jan. 18-Heavy
engineering construction for the
week ended Tuesday totaled $41,-
461 900, q decrease of SO per cent
from the previous week and Is per
cent less than year ago, Engineer
ing News-Record reported today.
Private awards, which had been
showing steady gains, fell 80 per
cent below a week ago and SO per
cent under the same period last
year. Public construction was 81
per cent smaller than the previous
week and 81 per cent less than a
year ago.
Industrial buildings and bridges
were the only types of construction
to show increases over the previous
week and the corresponding week
of 1899.
Hov,,ro ~ cny,e fo11au,s
Evening star., 1940-01-18

Also extra or extras
Quotations furnished by National Asso-
citation of Securities Dealers, Inc, which
states they do not necessarily reflect actual
should indicate approximate prices.
Evening star., 1940-01-18
London Bur Silver

LONDON. Jan 1s R,-Bar silver.
22H.d. of 70 (Eauivalent, 40.35 cents
on the dollar basis, 81 O3j Bar gold,
16Ss; UNCHANGED. Equivalent, S3385)
Evening star., 1940-01-18
sEx-dividend.

tPlus extra d 35c paid in 1899, ego
extra. ,s$1400 extra paid December 23
1899 20c extra. m 81 so extra Soc
1883 t5Oc paid December 90. 1899
v S1.0O extra paid January, 1910. yS5. 90
extra.
Evening star., 1940-01-18
Washington Exchange
SALES-AFTER CALL

Potomac Electric Power 51 % pfd.-
3 at 115l2, 2 at lis.
BONDS