davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-09-29
CommodityPrice
Chongesin Week
BY the Associated Press.

BY the ASSOCIATED PreSs.
NEW YORK, Sept. 28.-FoodStuffs
and key industrial raw materials
advanced in cash markets this week
for the sixth time in q row, the
Associated Press commodity index
disclosed today.
The index, based on 1926 as 100
and comprised of IS wholesale
staples, rose to 72.77 from 1880
last week. A year ago the index
was 1892.
The industrial component rose to
the highest point of the year as the
national defense buying program
gained more and more momentum
Prices were also affected by less
tangible factors than Government
orders and domestic peace needs
Threats the war might affect South
Atlantic and Pacific trading areas,
and the German Italian-Japanese
declaration of solidarity.
Price Control Talked.
The biggest buying move on rec
ord in the copper market, at rising
prices, was capped by Washington
warning to the copper, lead and zinc
Industries that price control might
be necessary to curb runaway mar
ketS.
Government demand for woolen
goods for the Army and Navy was
| backed up by squirt in civilian
buying which assured many mills o1
peak operating rates for at least
several months to come Cotton
mills also hummed to keep up with
new business.
A general buying movement In
rubber accompanied fears of ship
ment difficulties in the Far East.
Cotton and wheat were proppeo
because buyers feared too large
supplies might be drawn into Gov.
eminent loan stores.
Other staples up included tin. silk
corn and small grains, lamb, butter
-four. coffee, turpentine and coal.
Counter Main Trend.
Hogs and cattle countered tn,
main trend. An important reason
dealers said, was housewives reluc.
! tance to buy at recent rising prices
Cocoa was depressed by news Great
Britain would pay 20 per cent les!
/ for the coming seasons crop in tn,
! growing areas of Nigeria and the
/ Gold Coast.
Analysis Of the index follows:
Evening star., 1940-09-29
Lumber Production Holds
Far Above Year AGO
BY the Associated Press.

By the Associated Press.
The National Lumber Manufac-
turers Association reported that
lumber production for the week
ended September 81 stood at 81
per cent OF the seasonal weekly
average Of 1929 and shipments were
80 per cent of the average 1928
weekly shipments.
Production for the week totaled
275 1896 ,0G0 feet, which was 05 per
cent greater than the previous week
and 9 per cent greater than the cor
responding week a year ago.
Shipments aggregated 300 ,730 ,O0C
feet, which was 10 per cent greater
than the previous week. and IL per
cent greater than last years corre-
spending week
Orders booked during the week
were 296 ,942 900 feet, which was s
per cent less than the previou:
week, and 10 per cent less than the
corresponding week last year.
Evening star., 1940-09-29
Foreign Exchange

NEW YORK Sept "S tP-The free
Arsen.ine peso rounded out week OF er.
10 nsa STATES ,te e.nf aD Of todsG
The South American unit was disturbed
previously by temporary ban. later re-
Are entfne ~importers.
The Hong Kong and Shanghai dollar i'm
proved moderately.
Other major free rates including ster-
at 81 United States cents. were UNCHANGED
Closing rates follow Great Britain in
dollars. others in cents):
Onhcial Canadian Control Board rates for
United States dollars: Buying, 10 per cent
premium: selling. IL per cent premium.
equivalent TO discounts on Canadian dol
lars in New York Of buying, a.al per cent:
Canadlsn dollar in New York open mar
ket, II Der cent discount, or 81 United
States cents.
Great Britain, ot1icial Bankers FOREIGN
Exchange Committee rates., buying. 402:
selling, 404: open market. cables, 4. .O3'.
Germany. 40 .00n benevolent. ls45: Fin
land. 05n: Greece. .6S: Hungary. 10 son:
Italy. SOC: Portugal. 4.02: Rumsnia, ASH;
Sweden. 23S5: Switzerland, 22.90; Yuso-
slavia. 2.35n.
Latin America.
Argentine. ofrcial, 2a.77; free. o3eO:
Brazil, oficial. sos: free. sos: Mexico.
2O.65n.
Japan. 234s; HONG Kons, 1898: shang-
hal. $50.
Rates in spot cables unless otherwise
indicated. Nominal.
Evening star., 1940-09-29
Hoosier Orders Roin
And Stute Supplies 1t

LOGANSPORT, Ind.-C. L. Will
liams, Logansport State insane hos
pital superintendent. was worried
because the institutions crops were
burning up.
He sent the State purchasing bu-
reau in Indianapolis an order for
five cool nights and three inches
Of rain-delivery P. D. G." Gov. M.
Clifford Townsend signed the order
with special approval" The rains
came.
Evening star., 1940-09-29
Streetcor Operations
Reduced in Virqiniu
BY the Associated Press.

By the Associated Press.
RICHMOND, Va. Sept. 28-The
inroads OF other forms of trans
portation on streetcar operations
in Virginia were shown today in
State Corporation Commission fig
ures disclosing only l6804 miles OF
electric railway lines in use this
year compared with 365.97 a decade
ago.
Seventeen companies operating in
1890 had 1887 miles of track in
cities and 1890 outside the cities,
as against II companies now operat-
ing $500 miles within cities and
69l4 outside. Six Of the IA cities
which had streetcars 10 years ago
now have none.
Evening star., 1940-09-29
Bank Reserves Assure
Cheap U. S. Financing
Nv .he Associated pr.sx

BY Tie Associated Press.
NEW YORK, Sept 2S-The tre-
mendous volume of idle banking
funds which this week reached a
total of $3.50 0Oo, 900 provides an
excellent background for cheap
financing of the defense program,
according to investment circles.
The market tor Treasury bonds
has been unusually strong, enabling
the Treasury TO effect exchange
this week in which the interest cost
of the new bonds was the lowest on
record.
High grade corporate bonds are
also at record levels. the Associated
Press average of 10 low yield bonds
closing yesterday at 1l31 only a
tenth of a point below the years
top.
Evening star., 1940-09-29
CORPORATION Earnings
Chicago Produce

CHICAGO Sept % fP-Butter re-
ceipts, 59O,123: nrm: creamery, 81 score,
2Si.: other prices unchanged.
Eggs, receipts. 6.6O4: steady: prices un-
changed
Potatoes. 50: on track. $50: total United
States shipments. sos: supplies liberal:
demand moderate: Idaho Russets Slightly
stronger: Northern stock early Ohios irm:
other varieties. all sections. steady: sacked
banks. u S No. !. $3.50: Colorado Red
McClures. U. s. No. ], ! ,3o.41i2: Nebra SKI
Bliss Triumphs. U s. No. J. .25: Mime
cent q. 8 No |. 15-s2i7: early Ohios rs
as per cent U s. No. l., 75-s.i7 Bliss
Triumphs. $500 per cent q. 3. NO.
Evening star., 1940-09-29
Automotive Yearbook
Is Issued by Wards
Special Dispatch to The Star.

special Dispatch to The Star.
DETROIT, Mich, Sept. 28-Pub-
lication today Of the 1910 edition
of the Automotive Yearbook, pub
lished by Wards Reports. Inc. is
high-lighted by compilation of pro-
duction of all manufacturers by
model years since 1885.
OF the II companies listed, IL
have increased their percentage of
the industry during that period at
the expense of the other five.
Estimate was made in the book
that the 1910 calendar year would
result in output of approximately
4.400, 900 cars and trucks. This to-
tai, characterized as we'll above av-
erage, would be the sixth best for
any year in the industry's history.
Evening star., 1940-09-29
:, Japanese Issues Sag
,2to ) Points More
In Fond Market
Corporate Obligations
Score Gains After
Hesitunt Stort
~ the Associated Press.


NEW YORK Sept. ga con-
tinuation of the previous days SELL
Ing movement tumbled japanese
loans for new losses running from 2
to around points in today,s bond
market.
UnSettlement in the foreign list eX-
tended to the Australian and some
other groups but domestic corpo-
rate issues improved their levels
near the close after a hesitant start.
Apparently nervous over conjec-
ture and gossip on possible reper-
cussions of the alliance with Ger
many and Italy holders of Jap
anese government, municipal and
industrial obligations liquidated at
the best prevailing bids.
japanese National 6i2s closed at
67i., down 81. the SIPS at 50, down
2: Shinyetsu Electric 6i.s at so,
down 5; Toxic City 5las at so.
down 3, and Orient Development IS
at so, down 3is.
The downward sweep carried
obligations of Australia, Italy and
Norway to around 3 points under
Fridays finals but German gov
ernments again stood out with gains
running from fractions to around
point.
The late rally in corporate issues
boosted from fractions to point
on more. Allegheny Corp. stamped
5s of so, which closed at 54 ?, Erie
IS of rs at Is. Illinois Central A., S
at Ais. Southern Railway As at 81,
New York Central IS at 64is
MKT SIS of So at Is, Texas
Corp. IS at l05l2, and Western
Union SIS of go at 705s.
Still fractionally in arrears at
the finish were Portland General
Electric AIS at 7li2, Pennsylvania
General 4l2s of IS at l03i. and
1nternationa Telephone SIS at 25.
Only few United States Govern
inents were traded and prices
showed little change.
Transactions totaled S2.6l5 SOC
face value against S3,643,700 the
previous Saturday.
Evening star., 1940-09-29
Chain SuIes Climb
In New York Area

BY the Associated Press. -
NEW YORK, Sept. 28.-AugW =
sales of reporting chain stores Il
the New York Federal Reservc
Bank district showed IA per cent
rise over last year, the most favor
able year-to-year comparison in
several months, the bank announced
today.
Shoe and candy chain store .sys-
TENS had large sales increases over
a year ago after decreases in JULY
Sales of grocery and 10-cent variety
chains continued substantially
higher than last year. =
The banks district includes Sec
tions of New York, Northern NeT'
Jersey and Connecticut. "
Evening star., 1940-09-29
Investors Syndicate
Contracts Approved

RICHMOND. Va, Sept. 28.-The
State Corporation Commission has
given Investors Syndicate authorize
ton to offer for sale in Virginia an
additional $1,000. 900, maturing face
value, of investment contracts known
as series &c" certificates. This. in
addition to any unsold portion of an
outstanding authorization for S..
600 900 in the contracts.
Evening star., 1940-09-29
Manganese Refining
Plant to Be Built
Special Dispatch TO The Star.

SpecfsI Dlspatch 70 The star.
WINCHESTER, Va, Sept. 28.-
Preparations were beiEg made today
near Star Tannery. Frederick
County, for erecting a manganese
refining plant, to become unit of
the works of the American Alloy
Co., which has beer organized to
supply the Federal Government
with 100000 tons of ore containing
at least 48 per cent manganese.
The property which Charles F..
Nelson has sold to the new COM
pany is said 10 contain approx
mately 100000 tons of the ore, and
there are other large manganese
deposits in the nearby Cedar Cree:
Valley. /,
Evening star., 1940-09-29
Prices Move Higher
On D. G. Exchange

City e. Suburban IS registered a
$1,000 transfer on the Washington
Stock Exchange yesterday at l03,
up full point from the last pre-
vious sale. Capital Traction 5s also
appeared on the board. a $500 bond
selling at 103, a gain of half point
during the week
Riggs National Bank preferred
stock figured in a 29-Share sale at
1922, up half point from the last
sale.
While all the New York Stock
Exchange offices in Washington go
Oh winter time tomorrow. opening
and closing an hour later each day.
the Washington Exchange will make
no change in the present session
time.
Evening star., 1940-09-29

ter, A m e r ! C a r
/ n stitute S oi
Banking, by Ed
ward M. Blaik-
lock, C hapte I
president.
Mr.. HenZe has
filled this i'm
portant position
for several years
In addition to
taking part in
o t er chapter
activities.
Others on the
staff are: Rich
ard Ehlis, Ameri-
Evening star., 1940-09-29
Miscellaneous Markets

Additional New York markets as ecm-
piled by the Associated Press.
WOOL TOPS-Futures extended recent
gains with an upturn Of 20 to SIS points
October l14.3b: December, 1857. March,
91.4. Spot. standard tops. ll9. up 2.
RAW HIDES-Futures closed 10-l5 hish-
er Sales. a.160.0OO pounds. December r.
lO.36b March, 10 40b: June. 10 so. Spot
No. l Western light native cows. 12i.n.
CRUDE RUBBER-Futures closed 5 low
er TO higher Sales No. | standard. 20
contracts December. l949b: March.
1872 May. 1920. Smoked Iibbed spct,
a.S2n.
LEAD-Futures closed UNCHANGED. Sales.
100000 pounds. March. 495n.
STRAITS TIN-Futures closed $3.50
higher Sales. $4,000 pounds. March.
5l5O. No sales IN zinc futures.
h Bid n Nominal
Evening star., 1940-09-29
New York Produce

NEW YORK Sept. 80 1P-Dressed
poultry barely steady. Fresh and frozen
prices UNCHANGED.
Live poultry. by freight. firm. Fowl
colored II. Pullets Rocks 23 BY ex-
press, steady. Chickens. Rocks FL: Reds
crosses enS .essorn Fowl 0rGsl, n.shorn Ro1t;
Pullets. Rocks 24-25: Reds %. Turkeys
hens IS; young toms 90
Evening star., 1940-09-29
Commodity Prices

NEW YORK. Sept oS-The Associated
Press weishted wholesale price index of
35 commodities today advanced 10 1@a3.
month ago. 1041; year ago, 74.s0
1870. 1892 1898. 1a33-31.
Low $3.50 63.7s 81 s6 4I44
09?G average equals 1909
Evening star., 1940-09-29
Odd-Lot Declines

lfSsONIHtcU
terday these transactions BY customers
! with odd-ot dealers or specialists on the
New York stock EXCHANGE for september
| shares: 3.212 sales involving s3.Ol2 shares.
including 81 short sales involving 1,41s
Evening star., 1940-09-29

Quotations furnished by National Asso-
citation of Securities Dealers. Inc which
states ther do not necessarily reflect actual
transactions or frm bids or offers but
should indicate approximate prices. and
unless otherwise indicated. quoted
by the sponsors issuers
'Asterisk indicates Not quoted by
sponsors or isSuers"
Evening star., 1940-09-29
Metal Market

NEW YORK. Sept. % R-Copper
steady: .lectrolytie. spot. Connecticut
800. Tin nrm; spot and nearby. ISL 80:
forward 5125. Lead steady: spot. New
York. 5.00-5. .O5: East st. Louis. IS.
Zinz steady; East st. Louis. spot and for
ward. 7.25. Pig iron. aluminium, antimony,
quicksilver. platinum. Chinese volfraniite
and domestic scheelite UNCHANGED
Evening star., 1940-09-29
Henze Again Named
Bank News Editor

"A. E. Henze of w. B. Hibbs & Co.,
has again been appointed editor Of
Dollars and Sense" the, quarterly
publication of the Washington Chap
Evening star., 1940-09-29

Also extra or extras.
Quotations furnished BY National Aso-
clatlon OF Securities Dealers, Inc, which
states they do not necessarily reflect actual
transactions or arm bids or offers, but
should indicate approximate prices.
Evening star., 1940-09-29

Trust Co.: j. K. Irelan, Washington
Loan & Trust Co.: Franklin A. Glib
bons, Riggs National Bank. and
Rose Royce. Washington Loan &
Trust Co.
Evening star., 1940-09-29

a5c
d
Evening star., 1940-09-29
Investing Companies

NEW YORK. Sept "S nP.-National
Associetio Securities Dealers. Inc
Evening star., 1940-09-29
Capital Securities
(Oyer-the-Counter

IUver the-COunterD
The following nominal bid and asked
quotations on Washington securities traded
over the counter, as of YESTERDAY have
been assembled for The Star by Washington
members OF the National Association OF
Securities Dealers, Inc:
Evening star., 1940-09-29
U.S.. Treasury Notes

NEW YORK. Sept % tp'-Price,
quoted in dollars and thirty-seconds: S:
Per Approx
Evening star., 1940-09-29
Analysis of the index follows:
New York Bank Stocks

NEW YORK. Sept oS fP-Nationsi
Association Securities Dealers, Inc,
Evening star., 1940-09-29
Insurance Stocks

NEW YORK. Sept. 2S LP.-National
Association OF Securities Dealers, Inc:
Imperial Valley press., 1940-12-31
White House in
Blast at Critics

statement than it was to under
stand the annual message.
The White House secretary said
he knew nothing whatever about
a statement b. Verne Marshall,
head of the No Foreign War Com
mittee, that Assistant Secretary OF
State Adolf Berle had pigeonholed
a Nazi peace proposal. Mr.. Roose-
welt scheduled conference at noon
today with Berle, but it was said
authoritatively that the talk has
no connection with MarshailS s
charge. Berle, it was said, was sched-
uled to discuss st. Lawrence water
way negotiations.
The Greek minister, Cimon P.
Diamantopoulus, arranged a con-
ference with Mr.. Roosevelt shortly
after noon. This meeting possibly
had added significance in view OF
Secretary of Treasury Henry Nor
genthau's statement yesterday that
the loan and lease of armaments
to Greece and China, as well as
Great Britain, might be considered.
Imperial Valley press., 1940-12-31
buIlei.Scarred
1910 on Way Out

Continued rom Page One)
cope with 100000 persons in the
loop. AT State and Madison streets
alone. 1913 patrolnen. rs motorcycle
patrolmen and 85 accident preven-
ton experts were stationed.
On a smaller scale, these scenes
will be reproduced in virtually ev-
cry city.
Night clubs and bar rooms were
the centers of attraction, and the
cover charges in both New York
and Los Angeles ranged up to SIS
per person, with no drinks in
cluded at that price. The festivities
will continue all night in both
places, and in Hollywood some clubs
included breakfast in the cover
charge. New York bars normally
must close at 4 a. m, but 1000
an-night liquor licenses were is
sued for this occasion.
Even the pressure of the defense
program did not interfere with
Washlngton's preparations. and no.
tel bar rooms were doing a land
Office business in reservations at
So TO 81 each. Government employees
did not set their customary New
Years eve holiday, because of Pres
ldent Roosevelt's appeal for a
greater effort by employees and en-
ployers fer defense, but they will
nave a holiday Wednesday.
Imperial Valley press., 1940-12-31
Lawmakers PIdn
Defense Studies

tions to the state unemployment
compensation fund. Under the fed
eral plan, the reduction would be
greater than under the present
state provision.
Labor opposes the merit rating
plan, which goes into effect Jan. l,
feeling that employees should be
rewarded together with employers.
The unemployment insurance
fund has a reserve of $160000,000,
after paying out about $65000. 900
in benefits this past year.
Two proposals may highlight the
labor disputes. and opposition from
agricultural groups against the re-
cent state supreme court decision
holding that labor has the right
to picket even though no labor dis
pute exists and that union closed
shop contracts are legal.
Senator George M. Biggar of
Mendocino county will reintroduce
his labor mediation bill of 1899.
with minor changes.
I'VE must find a civilized way to
settle labor disputes other than the
violent warfare of strikes" Sena-
tor Biggar told the United Press.
Everybody loses by a strike. We
settle all other difficulties peace
tully-why not labor disputes? I
believe my plan for mediation or
arbitration is along the right lines.
Under my plan, the wage Garner
will be the greatest benefactor."
Imperial Valley press., 1940-12-31
Anew Directors
Chosen for u. 5.
President Lines

SAN FRANCISCO, Dec. 81. CUP)
American President Lines, gov
ernment-owned shipping line which
replaced the old Dollar Lines, faced
the new year today with a new
president and four new directors.
DR.. Henry Francis Grady, assis-
tant secretary of state, was chosen
president to succeed the late Joseph
Sheehan.
M. j. Buckley, H. Z. Frick. and
Hugh Mackenzie, vice presidents of
the round-the-World service operat-
ing from west coast ports, and Grady
were chosen by stockholders to vac
ancies on the board of directors.
The board is headed by William
Gibbs McAdoo, former U. S. senator
and former secretary of treasury
Other members of the nine-man
management body are Arthur B.
Poole, Hugh Jackson, Paul Hoover,
Grant Wrenn, Buckley, Mackenzie,
Frick and Grady.
Grady is expected to arrive from
Washington Friday to confer with
the directors and arrange policies
of the company which has its head
quarters here. He resigned Satur-
day as assistant secretary of state
He formerly was dean of the school
of commerce of University of Cali
fornia.
Imperial Valley press., 1940-12-31
School Refuses TO
Pay Teacher Who
Also is Senator

SACRAMENTO, Dec. 81. UP)--
Senator-elect John Harold Swan of
sacramento today was notified by
The sacramento board of educa-
ton that he must leave his Junior
college classes without pay for the
balance of the school year if he
intends to serve in the state legis-
lature.
swan requested leave Of absence
with the board paying him the diff
ference between Swans salary and
The salary for a substitute teacher
The vote was to l, with the board
expressing probable acceptance if
Swan asked for a leave of absence
without pay
The board majority felt that
swan would be neglecting his
classes if he served in the legisla-
ture and there is some ethical
question about public agency like
the schools paying one of its en-
ployes to serve another public
agency"
Swan will become the second
School teacher in the legislature,
since Assemblyman Ralph Dills of
compton is returning for another
term Swan defeated Roy Nelson,
sacramento Republican.
Imperial Valley press., 1940-12-31
Utilities Magnate
Convicted of Mail
Fraud in New York

NEW YORK. Dec. 81. CUP)-A
federal court jury that deliberated
25 hours found Howard Hopson
guilty on II counts Of mail fraud
today in the mulcting of s2O,OOO,-
600 from the vast utilities empire he
once headed
The alling Hopson was acquitted
on the single count of conspiracy
as were his co-defendants. Attor-
ney Charles M. Travis and Garrett
A. Brownback, who also were charg-
ed with conspiracy.
Hopson groaned loudly when the
jury announced its verdict. He
faces maximum Imprisonment of
IS years and fines totaling $1,000
He was continued in 5000 bond
until Jan. 8 when Judge Alfred
Coke will sentence him. Hopson
will remain in the New York Neu-
tological institute, where he has
lived since the trial began last Nov.
g.
Hopson's petition that the verdict
be set aside was denied.
Specifically the indictment charg-
ed manipulation of $4,000 900 worth
of debentures issued by the Asso-
ciated Gas & Electric Company
top holding company of the system,
in 1923: illegal payment of millions
Of dollars in service fees to HopSon
and the dozens of companies owned
or controlled by him or members of
his family, and payment of hun
dreds of thousands of dollars in
fees to the attorneys for fighting
recovery suits which should have
been paid by Hopson The indict-
ment said, because the attorneys
were acting for him.
The law firm of which Travis
and Brownback were members re-
presented the system for II years
and. according to the government
received about s500,000 a year for
its services. Travis shareI the
government estimated, was more
than $1,000, 900, Brownback's more
than s5O0,000, not counting expens-
eS.