davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-07-07
BY FREDERICK GARDNER,
Acsn tad ORA ir,a IL RI


Associated Press Financial Writer.
NEW YORK, July 6.-Leading
stocks today ended typically
apathetic Fourth of July holiday
market week with the majority
pointing slightly upward.
AS in yesterdays session, most
traders elected to continue their
outing until Monday in view of
scant speculative inspiration to be
found in either domestic or foreign
news.
While dealings were negligible
throughout. they we're ahead of the
corresponding Saturday in 1899.
Turnover for the two hours totaled
l3l ,870 shares, smallest since the
brief st-Independence Day pro-
ceedings last year, when the aggre-
gate was 1890.
The weeks volume of 1885 ,010
was new low since 1918 and COM
pared with l,442,130 in the same Pc
riod last year. In the preceding
week 3,585,41 shares changed
hands.
The days curb total was around
10000 shares against $1,000 on the
previous Saturday and was a mini
mum for the junior market in about
two decades.
Scantiness of dealings on the
big board" was exemplified by the
fact only 365 individual issues were
traded. OF these l54 were up, SO
down and l22 unchanged.
Average Up Saturday
The Associated Press average of
so stocks held an advance of OIL of
a point at 40.3 on the day, but was
unchanged on the week.
Those customers who appeared in
the financial district still were mod
erately bullisr, but most inclined to
keep commitments light in view of
a possible Nazi smash at the British
Isles over. the week end. Restrain
ing factors also, brokers said, were
the approaching Democratic Ma
tional Convention and lack of details
regarding proposed excess profits
tax legislation.
Although some doubts were eX-
pressed of nearby business upsurge.
even under spur of the rearmament
spending program, optimistic indi-
Gators were to be seen here and
there. With the exception of the
Pittsburgh district, where furnace
repairs were expected to limit steel
output next week, predictions were
made of sharp snap-back in mill
operations elsewhere.
Iron in Advance.
Among the days modest share
gamers were United States Steel,
Bethlehem, General Motors, Chrys-
ler, United Aircraft, Lockheed, Ana
conda, Southern Pacific Loft, Brook
lyp-Manhattan Transit, Montgom-
cry Ward, Sears, Roebuck and New
York Omnibus. A shade off were
Douglas Aircraft, Westinghouse, AL
lied Chemical, Johns s-Manville and
United States Gypsum.
Up a trifle in the curb were Amer
ican Gas. Bath Iron Works. Bell
Aircraft, Electric Bond g. Share,
E. w. Bliss and Brewster Aero.
Stocks had their worst day of the
week Monday, losing 4 of a point
on average, as the Russian Ruman-
ian upset proved confusing ele-
ment for boardrooms The list did
virtually nothing Tuesday, but man
aged to register mild progress
Wednesday. The market exhibited
further modest improvement after
the holiday, with stiffening of the
British war attitude credited partly
for revival of sentiment.
Evening star., 1940-07-07

the Di S t + i C t
Bankers Asso-
citation for the
coming year.
Henry K. Dier-
koph, assistant
t r u S t officer,
Riggs National,
was elected vice
chairman, a n d
j. Wesley Clam
pitt, jr., assist
ant trust officer,
Union Trust Co.,
W a S n a m e d
secretary.
The remaining
Evening star., 1940-07-07
Postal Trends Similar.

Postal receipts in the District of
Columbia and at four important
post Offices in adjoining sections of
the Metropolitan Area also declined
from the preceding month, but for
June and the six months stood in
new high ground for those periods.
District receipts totaling 1923, ,5ss
were behind s694,092 in May. but
were we'll ahead of $500. .202 in June,
1899. They also contrasted with
only $425,5l8 in June, 1890.
For the six months District re-
ceipts reached $4,020.881, against
$3,815,842 in the same 1899 period
District totals for June and the
Evening star., 1940-07-07
| Murphy Volume
| Up II Per Cent
From Year Aqo
BY the Associated Press.

NEW YORK, July &C. C. Muir
ply Co., operators of a national
chain of variety stores. today re-
ported June sales jumped II per
cent to $4,3S7,795 from $3,758,316
in June last year. Sales for the
first half of the year totaled s22,-
568,660, or 1873 per cent more than
$l9 .9S9, ,4s9 In the comparable 1889
period.
Evening star., 1940-07-07

May consumption carried forward
a long series of all-time records ex-
tending back for several years.
Totals for every month so far in |
1910 have been ahead of a year ago.
Including decimals for fractions of
a gallon, they are given below with |
the corresponding 1899 figures:
Evening star., 1940-07-07
Monthly Totals COmpared

Monthly Totals Compared.
With the exception of February
and April, titles in every month this
year have been ahead of the cor
responding 1899 periods.
The moderate increase between
May and June this year contrasted
with decline for the same time
last year.
Monthly totals for 1910 to date
compared with the same 1899
months as follows:
Evening star., 1940-07-07
Corporate Eurninqs

NEW YORK. July P,-Corpora ate
earnings reports issued during the week
showing profits per common share included: ::
Quarter Ended June ].
1a4O 1899
Wesson Oil Oil--- 3 SOD S.
Quarter Ended May 81.
Murray Corp - "a
Wayne Pump ------ III III
- Weeks Ended June IS.
Kroeer Grocery - 1oT 12S
WAGNER Baking .aS
Six Months Ended MAY 81.
International Shoe Sc "a
Five Months Ended May 81.
Addressosra PHI Multisraph 81 AS
Nine Months Ended March 30.
Columbia Pictures ~ 81
Year Ended April 80.
Alaoma Steel 162 20
pOn preferred stock
Evening star., 1940-07-07
Kertz Elected Chairman
OF Fiduciaries Section

Harold A. Kertz. assistant trust
officer of the National Metropolitan
Bank, yesterday was elected chair
man of the fduciaries section of
Evening star., 1940-07-07

New Orleans Prices.
NEW ORLEANS! July Il LP-Cotton
futures were irresular here today with dis
tant positions supported by trade demands
and July depressed by foundations. Closing
prices were steady, 8 to 10 points net
| III
Evening star., 1940-07-07

Every month this year has brought
increases over year ago in this
important barometer of business ac-
tivity.
Monthly totals for 1910 and 1899
are compared below:
Evening star., 1940-07-07
about 10000 A. r. 81 T. investors in
Washington.
Sl36,OOO Note Issue Approved.

The Interstate Commerce Com
mission has authorized the Norfolk
Southern Railroad to issue $136, 900
of 2la per cent equipment trust GER
tificates, to be sold to the r. F. G.
at par to finance a purchase Of new
equipment.
Evening star., 1940-07-07
rst six months of different years
Nearby Growth Shown.

At Alexandria Post Office, receipts
for June totaled $12,427, against
sl3,322 in the previous month and
$l0,399 in June, 1899. They were far
above s7034 recorded in the same
Office in June, 1890.
For the six months. Alexandria
receipts advanced to $50. 1902, against
$67,71s in the 1899 period and only
$42,252 in the same 1880 period.
At the Arlington office, June re-
ceipts reached sl1.390, against $l2,-
79l in the preceding month and
sl0,793 in June, 1899. Records do
not go back beyond 1887, first full
year in which the Office was estab-
lished on an independent footing.
Arlington receipts for the six
months climbed to s76,375, against
SOS ,95l in the same 1889 period.
At Hyattsville, receipts during
June amounted to $3.50, compared
with $3.50 in the previous month
and $3.50 in June, 1899. They also
compared with only $l,l03 in the
same 1880 month.
Hyattsville receipts in the first six
months of this year totaled Sl6.6O7,
against Sl4.662 in the same 1899 pc
riod and only $7,209 in the 1880
period.
Lag at Silver Spring.
At Silver Spring, June receipts
reached s7,373, compared with S8,313
in the previous month and $9,6S8 in
June, 1889. Here was the only point
where June receipts failed to better
year ago. However, growth of the
last decade was clear in comparing
the latest total with only Sl,594 for
June, 1880.
For the six months, Silver Spring
receipts reached a new record of
S52 2624 against S49,7l3 in the 1899
period and only sll,478 in the same
1880 period.
Receipts at the four post Offices
during June and the first six months
OF different years follow:
Evening star., 1940-07-07
Stock Leaders Score
Moderate Gains
In Slow Session
Weeks Volume SIumps
To 1.385.0l0, New
Low Since 1918

What Stocks Did,
Evening star., 1940-07-07

n NOmInaI-
Spot. nominal middling 20 inch), 1871
Evening star., 1940-07-07

(See INDUSTRY, Page B-7D
Evening star., 1940-07-07

The American Telephone Co. re-
ports 635. 900 holders of A. T. e. T.
stock, among whom are far more
women than men-362 500 women,
1893 5000 men; $4,000 joint accounts
Of individual men and women, 29,-
900 trustees, $500 institutions, cor
porations and private firms.
Latest reports state that A. T. &
T. has more stockholders than any
other corporation. The company
says that for the most part the
stockholders are people who have
put aside small sums as savings.
More than 100000 hold from one
TO five shares each. The average
number of shares held per stock
holder Is %.
It has been stated that there are
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29
How Long Can It Go On?

Last week the recently formed jingoistic govern
ment of Japan announced that its ambassador to the
United States and several other comparatively con-
servatve members of its diplomatic corps in this
try, to be replaced in the future 1t is said
that the new envoy and consular officers will be more
favorable to the reeatng type of statesmen who
control the Island Empire. Their coming, which may
be interpreted another step in the so-caled vgor
ous attitude toward this country is also another sign
post the road that to be leading to serious
complications between the two countries.
There has been long series of such sgnposts.
One of the first was the outbreak between American
marines and Japanese troops in Shanghai during the
stOrmng of that city. The Americans and the British
kept the japanese out of the Foreign Settlement during
those early days of the Chinese war; but the incident
was omen of what was to come. Japans generals
made clear their determination to rid Asia Of white
NOT was on ber wav to her pac in the sun
Among later indications were the slappng OF Amer
leans and British subjects by japanese soldiers and,
finally, the sinking of the U. S. gunboat Panay. Nor
has the friction been entirely onesded Last year this
country repudated trade treaty with Japan which
had been maintained since 1911. Early this spring
shipment of arms to Japan stopped when licenses
were required for such trade and no licenses were
granted. In the same manner we are now cutting off
the sp supply Of oil ad scrap sa IRON and n
American countries not to send oil and war supplies
to Japan
How long this mutual policy of slap-for-slap be
continued without actual hostities is completely in
definite The progress of the war in Europe further
complexities the situation. Great Britain is defeated
must further depete her Asiatc squadron to pro-
tect home waters the Japanese may strike at once at
the Dutch and British possessions in the far Pacific
which send vital supplies of rubber and other ma
terals needed in rearmament drive. Certainly they
will strike if we are forced to the major portion
of our own feet into the Atlantic.
The decision may then remain with this country,
for q time at least And our decision will depend upon
how badly we need rubber for own defense, on
whether we are willing to lose the Philippines and other
Pacific possessions thus redrawing lines of defense
in that ocean, and whether we fear that the Japanese
eventually win join totaitarian coalition against
Right now it would seem wise to make the best peace
paci6o huf1
he peace at any price. The stakes and for the
future-are too high.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29

Amid the debate in Congress over the Burke Wads--
worth CONSUMPTION bill the way had finally been cleared
in the House of Representatives for a vote on the
measure empowering the President to mobilize the
National Guard and the Reserves Certain that they
had the votes necessary to carry it through Admins
tration leaders were about to act on the bill when
they made discovery. There were not enough meni-
beers of their party the floor to insure its passage
Amid the ensuing confusion the House was adjourned
for the day Thus action the bill again was delayed
Where were the Legislators? Certainly they were
in Washington because proponents of the bill later on
were able to muster than enough members to risk
putting 1t to q vote.
Visitors to the Capitol recently have noticed the
small numbers Of Senators and Representatives in the
building and have made frequent mention OF It, Appar-
entity the gentlemen rounded by the party whips
and appear in a body only when measure comes to
vote or in some similar crisis.
For the first time during peace in our history,
Congress debating the necessity OF general military
training. That is serious measure. We are trying
to double our navy and quadruple our other armed
forces and to increase them swiftly. That serious
measure There many others, probably the most
serious problems that have confronted this coun
try Perhaps our legislators do not realize it, but that
is how the people who elected them feel about the pres
emit times. Now, than ever before, they want
their representatives on the floors of Congress.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29
Congressional Attention Focused
On National Preparedness Plan
Suggest Investigation Of Progress Made; Roosevelt
Takes Personal Charge of Defense Program;
Army Leaders Prepare for Draft.

burdened by acute problems in for.
eign relations, and a multitude OF
pressing domestic issues, Mr.. Roose-
welt wants to give personal approx
al Of every major contract for de-
tense equipment. His long expert
ence as assistant secretary Of the
navy equipped him with special
technical knowledge of fighting sea.
craft. He Is not equally familiar
with modern airplanes and army
equipment. The whole system Of
military aviation in the modern
sense. has developed since Mr..
Roosevelt left the navy department
in 1921. Giant tanks and motorized
army units likewise are q recent
development. Delicate technical
problems are involved in all this
modern equipment. Some military
experts have cautiously, expressed
the opinion that President Roosevelt
should not undertake. to deal per-
sonally with all these complex tech
nical problems. But their sense Of
loyalty and patriotism restraints all
public criticism of the commander
in-chief.
Opposition to compulsory military
service In peace times is rising IN
many sections Of the country. The
congressional mail indicates that
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29
The Lion Lashes Back

Even as these words are written the long-heralded
invasion of England may begin day. two days,
week later may be all over, and Adolf Hitler may be
in London Such the power and speed of the btz-
krieg as exhibited to date In the face of these dire
possibilities it still is possible to find encouragement In
the prospects of the British -
In the first place, than week ago the terrible
series of bombngs that had started nearly fort
night previously came to end. Either the Royal
Air Force proved that it could command the skies over
England or Adolf Hitler and his generals decided that
the damage their airmen were doing to British de-
lenses and morale not worth the cost OF these
tactics. At any rate the flights of bombers APP
peared no more though the Nazis continued their raids
sinQly or in small groups If Britain actually has won
command over her own skies she is better prepared to
meet the supposedly inevitable invasion than anyone
dared hope she might be- Superiority in the air has
been the first aim in every previous attack by the
Nazs, and it is doubted by many that they would so
easily have attained had they failed in that
first objective.
Even more encouraging for the British the
retalatory raids made by their airmen German and
Italian cities and industrial centers It hardly seems
possible that the Royal Air Force could spare planes for
such attacks if their defense at home were about to
collapse.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29

anti-conscription sentiment is based
largely on the general knowledge
that supplies, material and equip
ment are not yet available for a
conscript army.
Many critics insist that volun-
tary enlistments should be given a
trial, at least to the point at which
surplus military equipment will be
available over and above that need
ed for the present standing army
and National Guard.
The wave Of anti-conscription mail
is making deep impression upon
congressional sentiment What pur-
pose will be served by registering
$4,000, 900 young men for compulsory
military service when there is no
field equipment available for even
10000 men? So runs the cloak
room discussion on Capitol Hill.
Much opposition to CONSUMPTION is
based upon the fact that compulsory
military service. has been favored
device of the European dictators.
In ordinary times this hardly
would be a valid argument against
CONSUMPTION in the United States.
But these are not ordinary times.
During the last seven years vast
discretionary powers have been del
egated to the President by congress.
For the most part these powers are
all dormant for the time being. But
they may be called to active use
by mere presidential proclama-
ton.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29
Washington Digest
WNU serwce)
BY G. F.

BY q. #.
released by Western Newspaper Union,
B WASHINGTON.-Congres is an
noyed by slow motion in the nation
al defense program.
The war department recently re-
ported to joint committee Of the
house and senate that although APP
proximately $4OO. 900. 900 had been
appropriated in June for army air
planes, engines and accessories. ac-
tual contracts had been signed for
only 80 planes.
The. apprdpriation bills provided
funds for 1000 planes. but seven
weeks later only 50 planes actually
were under ontract-and those will
not be delivered before january or
February. 1871.
In the same hearing, the national
defense commission reported that
the army would not have full equip
ment for 100000 men before 1919.
Inasmuch as congress has appro-
priated and authorized $4,000. O00.-
600 for national defense since Jan.
uary, 1910. members Of the house
and senate are pressing for thor
ough investigation of the prepared
ness showdown.
Some leaders favor establishment
Of q joint committee Of the house
and senate to conduct a continuing
audit" Of the defense contracts.
Such an arrangement would keep
congress fully abreast of new orders.
Capitol Hill has been grumbling
soto voce for several weeks over
reports Of confusion and conflict in
the military departments. Whatev-
er the cause. heavy defense equip
ment Is not yet being produced in
any considerable quantity. This ap-
plies particularly to long-range guns
for the coast artillery. heavy naval
guns, land tanks. and long-range
bombing planes. Congress is de-
termined to find the bottleneck.
One course of friction has been
located in the procurement division
Of the treasury department which
long has been the general purchas-
ing agency for the government.
Secretary Morgenthau feels his de-
partment should continue to place
the contracts. On the other hand,
the army and the navy insist they
should place their own orders for
highly specialized equipment. Third.
the new defense commission feel
they should place all orders for
equipment not heretofore purchased
by the government.
In this scramble many orders are
falling between the three contend
ing authorities, or being delayed by
departmental red-tape.
Secretary Morgenthau has in
formed congress that out Of the
$14, 900. 0O0.0 900 now available for de-
tense. not more than $4,000. 600. 900
could be spent by July |, 194l. I'M
der the present schedule Of buying.
american industry mas made ev.
cry effort to get the preparedness
wheels turning. Thousands Of man.
ufacturers have come to Washing
ton at their own expense to offer
their plants to the government
Some have returned nome without
having conferred with the official
aotIRht Confusion nrevails in the
purchasing agencies. due to conflicts
Of authority under the hastily writ
ten emergency legislation. The de-
tense commission is now appealing
to business managers not to come
to Washington, but to wait until they
receive inquiries by mail
President Roosevelt has taken di-
rect personal charge Of the entire
defense prog-au. Although heavily
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29
DEFENSE PROGRAM

Members Of congress are great
ly interested in the progress made
toward increasing preparedness
for national defense. They have
appropriated $4,000. 100000 for
this purpose since January. 1910.
President Roosevelt takes direct
personal charge Of the defense
program in an effort to speed up
work. The value and need for
compulsory military training
raises vital questions.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29
Church Memberships

Church memberships in the
United States in 1885 totaled
1907 1856, according to figures
released last week by the U. s.
Bureau Of the Census.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29

Imtrored n CTTNRM
Uniform o--NDA
-:LESSON |

By HAROLD L. LUNDOUIsT n I
Dean OF The Moody Bible Instit1,ta1
of Chicago.
Released by Western Newspaper unid
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29
GER

|GGEER1|
| Mrs. Ma
|urnsd frOr|
Ia.
| Miss Peg
|,p is visit
Il. and M
|usntOwn.
| Miss Lyr|
|n Carve
|uests of 4
heck.
| Mrs. Mil
|ting at \
|ssent OPT
ksshingtol
/ Mr.. Wall
Be All |
Eunty wig
Eorld's Fa
Mr.. Eugd
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29

President Roosevelt has taken d.
rect personal charge Of the entire
defense prog~on. Although heavily
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29
Lesson for September

Lesson subjects and Scripture text.
lected and copyrighted by Internatio
Council of Religious Education: USED
permission. "Seu
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29
He ALWAYS loses

Life is pretty good after all
except that it still imposes on
the fellow with the good dis
position.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1940-08-29
PRAISING GOD FOR HIS
BLESSINGS

LESSON TEXT-Psalm lO3:1.s IN
GOLDEN TEXT-Bless the Lord
my soul. and forget not all his benei
Psalm 1882.