davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-02-19
McGiII Staple Index
Lower During Week
Special Dispatch to The Star.

Special Dispatch to The Star.
AUBURNDALE, Mass, Feb. 49,
The Index of All Commodity Prices
compiled by the McGill Commodity
Service, was lower for the fourth
consecutive week and on February 16
was placed at 71.2 as against 73.5 at
the beginning Of the year, and $50 a
year ago.
The decline was general, involving
industrial and agricultural products,
and livestock. OF the IA individual
commodity groups comprising the
index, seven were lower, five un-
changed and only two were higher
than week earlier.
In the industrial index minor
strength in the indices for non-fer-
rous metals. and coarse textiles was
more than Offset by declines in hides
and leather, paint materials, nne
textiles and vegetable oils.
The agricultural index was also
lower as weakness in rye, eggs, flax
seed and butter was more than suf1l-
cient to Offset fractional strength
in corn, oats, barley and cotton.
Evening star., 1940-02-19
Foreign Exchange

NEW YORK. Feb 10 P.-The pound
sterling opened the weeks foreign money
trade at a, slightly lower price in relation
The English money lost "a cent and
carried the French franc down .00h Of
q cent.
Banking quarters said the partial Sc
questration of British-owned American
securities ordered by the Government over
the week end was only a minor influence
since possible liquidation of the shares
affected would be arranged through official
channels.
The neutral currencies we're bid up.
The guilder advanced .O3 of a cent and
the belga .Ol of a cent, but the Swiss
franc was UNCHANGED.
Late rates follow tGreat Britain in dol
lars others in cents)
Canada-Ofhcial Canadian Control
Board buying rate for U. s. dollars. 1000.
selling rate. Ill 90. Open market rates.
Montreal in New York. $3.50: New York
in Montreal. 1850
Europe-Great Britain. demand. 3.94a4:
cables, 3.95k;, 6o.day bills, 3.93a.: 90
day bills. 3,92h. Belgium. 1898; Finland.
1.T5n: France. 2.24; Germany. 1920 fbe-
neyolent. 100: travel unauotedl: Greece,
gal 3 s9n; R1msnia; Hg ssn: Sweden, 1888;
tatn .. A@srlsaArssptins ts tl.1 ocEsl oh
free. $40: Mexico 16.15n.
"a 4.6O; Shanghai. 710.
indicated.)
Nominal.
Evening star., 1940-02-19
Steel Rate 10 Drop
For Sixth Week
To67.1per Cent
Institute Report Cites
53.7 Per Cent Pace
Of Yeor Ago
BY the Associated Press.


NEW YORK, Feb. 19.-Americas
steel mills will trim operating sched-
uies to 67.l per cent Of capacity this
week, the sixth consecutive cut, the
American IRON and Steel Institute
estimated today.
This represented decline of IL
points from 68.8 per cent last week.
A month ago output was at 1872
per cent OF capacity and a year ago
53.7 per cent.
CLEVELAND, Feb. 10 P.-Off two
points to SO per cent Of capacity, the
Nations steel production still is "in
excess Of new business" says the
magazine Steel
This situation indicates further
adjustment between supply and de-
mand," the publication observes.
The recession pattern dating from
the first of the year prevails gen.
erally-"buying is unchanged or
lighter and backlogs and shipments
still tend downward"
Export business is well sus-
tained," the magazine says. I'm view
of the slackening in domestic or
ders this quarter foreign buying rep
resents larger portion of total ton
mage than was true last quarter.
when 1t was about 10 per cent of
total volume"
Steel reports it is "problematicai
how soon depletion of mill backlogs
and absorption of consumers excess
stocks will result in more active
buying" Springs approach should
bring seasonal betterment" In the
automotive and building Industries.
Brisk activity in shipbuilding and
in production of machine tools, air
craft and certain types of armament
appears assured" the review con-
tinues, while relatively good export
demand for iron and steel products
apparently will continue so long as
existing European conditions pre-
vail"
Evening star., 1940-02-19
Sharp & Dohme Nets
S902,271 Profit
In Last Year
TotuI Contrasts With
$668,167 Recorded
During 1888
BY the Associated Press.

NEW YORK, Feb. 19.-Sharp &
Dohme, Inc, for the year 1889, re-
ported today consolidated net profit
of $902.27 after charges, equal after
preferred dividend requirements to
l3 cents common share, compared
with $668,167, or $291 share on the
$3.50 preferred stock, in 1898.
The company, manufacturer Of
pharmaceutical and biological prep,
arations, has laboratories in Balti-
more and Philadelphia, and branches
in other leading cities. oi
Nehi Corp. ~
Nehi Corp. for 1899 reported con-
solidated net income of s1,075,217
after charges, equal to S4.80 a COM
mon share, compared with 1894 ,307,
or SAIL common share in 1898. The
company makes flavors and syrups
for the manufacture of carbonated
beverages, with plant at Colum- =
bus, Ga. =
Motor Wheel Corp.
Motor Wheel Corp. for 1899 re-,
ported net profit of $1.849, ,239 after
charges, equal to S217 a common
share, compared with s621 ,7SQ, or 70
cents common share in 1898. The ?
company, with plants in the Midwest
and South. makes auto wheels, hubs,
brake drums, ETC., and also non-auto-r
motive products, including wine andc
whisky barrels. lr
American Snuff Co.
American Snuff Co. for 1899 re-
ported net income of 81, ,536, 1855 after
charges. equal, after per cent,
preferred dividends, to S3O3 a COM,
mon share, compared with 81 ,654 1884,
or 1881 a common share, in 1885,.
Plants and storage houses are in
Tennessee and Kentucky.
Evening star., 1940-02-19
| Syndicate Buys
| New York Port
| Bond Issue
,y the Associated Press.

NEW YORK, Feb. 19.-An issue
Of s33,000,0O0 of per cent 36-year
general and refunding bonds of the
Port of New York Authority today
was awarded to Halsey. Stuart &
Co. and syndicate on a bid of
$991 88 per $1,000 face value bond.
The bonds were reoffered to the
puolic Immediately at S1O02.5O per
81 900 bond.
The bonds were issued to replace
a. per cent obligations of the Port
Authority sold to reimburse the
States of New York and New Jersey
for advances made for construction
OF the Holland Tunnel, a vehicular
tube connecting Lower Manhattan
and Jersey City.
Evening star., 1940-02-19
FOREIGN Markets

LONDON. Feb. 10 lP.-stronr demand
for British government bonds straightened
uncertainty. Industrial leaders shared the
gains, especially those of Investment cali.
ber Oils improved throughout the ses-
sion and coppers tended upward Profit
taking nipped otis and lack Of support left
Kaffirs slightly lower. Dollar securities
not affected by the reauisition order tended
downward
PARIS.-The Bourse was in rising
trend to-day. The ..resoute" attitude of
Great Britain to the Altmark episode.
Rentes closed 5 to 43O centimes higher.
the dollar guaranteed issue entirely re-
covering the coupon detached in the pre-
vious session.
AMSTTRDAM.-L running to Q
points predominated in the Bourse today.
american issues were irregular with steels
rails lower
Evening star., 1940-02-19
Construction Boosted
By Chemical Firms
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, Feb. 19.-Contracts
awarded on current construction
projects in the chemical process in
dustries total $11 ,342,0 900, as COM
pared with $1,874,O0O a year ago,
Chemical and Metallurgical En-
gineering reports in It's February is
sue. Current proposed work totals
$13.610,000. This amounted to $4,-
$4,000 year ago.
The outstanding proposed project
reported this month Is for the con-
struction of paper mill at Savan-
nah. Tenn, for the Tennessee VAL
ley Paper Mills, Inc, Knoxville,
Tenn, at an estimated cost of $4,-
100000.
Other proposed projects include
the construction of 80 miles of o.
inch steel gas pipeline in Detroit
district by the Michigan Consoli-
dated Gas Co., Detroit. Mich, esti-
mated to cost 100000. Also the
construction of salt factory at
Cornwells Heights. on the Delaware
River by the Pennsylvania Salt
Manufacturing Co., Philadelphia,
Pa, estimated to cost $2,000,000.
Evening star., 1940-02-19
Bond Averages
BY the Associated Press.

BY the Associated Press.
NEW YORK. Feb. 19.-New York
City transportation issues moved
sharply upward again today in an
otherwise irregular bond market.
Brooklyn-Queens Transit SIS were
6 points higher toward the close
and such other loans as those of
Brooklyn-Manhattan Transit and
Kings County Elevated also were
well up.
Although most Scandinavian dol
lar issues were lower, those of Fin
land gained bit.
Wabash 1st SIS lost around a point
following reports the R. F. c. might
hold up servicing on some of the
carriers loans despite court sane
ton for the disbursements
Trimmed smaller amounts were
Studebaker IS, Northern Pacific As,
Baltimore & Ohio convertible 4las,
Southern Railway As and Allegheny
stamped IS of so.
United States Government loans
moved over narrowly mixed price
range.
Evening star., 1940-02-19
U. S. Bond Holdings
Of Banks Reduced
BY the Associated Press.

BY the ASSoclAted PresS.
NEW YORK, Feb. 19.-Govern-
ment bond accounts of weekly re-
porting Federal Reserve member
banks in New York City declined
$29, ,000, 900 last week, the first time
these banks have reduced their
holdings this year.
Treasury bill holdings declined
100000 and Treasury notes
81, 1,000, 900.
The decrease was counterbalanced,
however, by increases Of $4,000, 900
in obligations guaranteed by the
Government and $29, 900 900 in other
securities.
Evening star., 1940-02-19
Crude OiIsPrices

TULSA Feb. 10 R-Base crude oil y
Oklshoma-Kansas. gravity scale, go to
LILO; North, North Central and West
Central Texas. gravity scale II to 1O3,
East Texas 1.10; West Texas gravity >
scale SO to .a5:. North Louisiana Arkansas. /,
gravity scale 73 to los; Rocky Noun q
tain area, Salt Creek, Wyo, gravity seals
SO to Ito. 81
Eastern area. Pennsylvania Grade (Bradas
rd-Alleehany, 2.75; same grade in
southwest Pennsylvania lines. 2.40: sans
Evening star., 1940-02-19
Colombo Will Puy
Rate of 3 Per Cent
BY the Associated Press.

NEW YORK, Feb. 19.-The Re-
public of Colombia today announced
it would pay interest at the rate OF
3 per cent per annum in United
States currency on the coupon ma
tured January l on the 6 per cent
external fund gold bonds due jan
uary l, 1861, and October l, 1861.
The republic will also set aside
100000 for purchase this year OF
these issues for retirement. the an
nouncement said.
Evening star., 1940-02-19
Sales of Hardware
Distributors Climb
BY the Associated Press.

The Commerce Department esti-
mates that sales of distributors of
hardware and allied products last
wear reached $519, 900 900, an increase
of 10 per cent over 1888. The 1899
figure still was about S per cent
below the 1887 total.
Evening star., 1940-02-19
United Carbon Profit
Up Slightly in 1899
BY the Associated Press.

NEW YORK. Feb. 1e.-Unitert
Carbon Co. and subsidiaries reported
net profit for 1889 of S1,5l8,266, equal
to 1881 share on common stock,
compared with s1,505,874, or s3.7S,
in 1888. Company's carbon black
plants are in Louisiana, Montana,
Utah and Texas.
Evening star., 1940-02-19
New York Cotton
BY the Associated Press.

6y IIe ASSUCIHCeu PTeSS.
NEW YORK, Feb. 19.--Cotton fu-
lures worked lower today in SYM
pathy with easier Liverpool markets
and moderate selling by Bombay and
Liverpool. Hedge sales were light,
but trade demand was apathetic
and outside interest small, rejecting
a continued dullness in textiles.
Midafternoon prices were off 3 to
9 points; March (old, HOO; July
(old, 1898; December, 955.
Evening star., 1940-02-19
Net of Western
Electric Up
Sharply
By the Associated Press.

NEW YORK, Feb. 19.-Western
Electric Co., principal manufactur-
ing subsidiary of the Bell Telephone
System, reported today net profit,
SIG, 900, for 1899, compared with
S., ,734 900 in the previous year. The,
American Telephone g. Telegraph
Co. owns 99.44 per cent of Westerns
stock. :
Evening star., 1940-02-19
Dividends Announced
Poris Exchange Rutes

PARIS, Feb. 19.-The United States
dollar closed unaltered at 1880 francs
G.2S3 cents to the france in foreign
pared with 2.242 cents to the franc in
New York over the week end. Exchange
on London. 176.625.
Three per cent rentes in the Bourse
were quoted 1898 francs; 4Ias "a"
1885: Ans, 1887. 1880.
Evening star., 1940-02-19
D'Olier Is Director

NEW YORK, Feb. 10 LP).-Frank-
lin D'Olier. president of the Pruden-
tial Insurance Co. of America, has
been elected a director of General
Refractories Co., succeeding A. A.
Corey, jr. =.
Evening star., 1940-02-19
Money Market

NEW YORK. Feb. 10 0P.-Call money
per, "a per cent. Time loans steady; CO.
go DAYS. ~; 4-6 months, ~ per g cent a6
Bankers ,acceptances unehanEed. oo.S0
cent: 5-6 months, st-,s per cent. Redis-
count rate, N. T. Reserve Bank. per
cent
Evening star., 1940-02-19

Cottonseed oil opened steady: March
6.50b; May; .664b; July, 6.73b: September.
6 S1b Bid
Evening star., 1940-02-19

rim bankruptcy or receivership or being
reorganized under the Bankruptcy Act or
securities assumed BY such companies
Rates of dividends In the FOREGOING table
are annual disbursements based on the
last quarterly or semi-annual declAra-
ton Unless otherwise noted special or
extra dividends are not included Also
extra or extras d Accumulated dividends
paid last year Declared or paid so
far this year Payable In stock Paid
last year h Cash or stock K Accumu-
lated dividends paid or declared this year
ur Under rule WV With warrants Nv
without warrants war Warrants.
Evening star., 1940-02-19
COttnnSeed Oil.

Initial losses were almost halved in a fore
noon turnover of 43 lots in detachable cot
tonSeed oil futures today. The major oor-
tion CT dealings represented switching op-
erations. March-Jul and March-Sep-
tember switched at % and 30 points. re-
mixed with refiner selling against crude
purchases, ohsettine scattered buying at
traeted by The ADVANCE in grains. March
tember. -7.30. Crude oil was steady on the
basis Of scattered sales reported in the
Southeast and Valley over the week end at
cents. Texas crude was quoted 534-7s
cents bid. descending upon location.
Evening star., 1940-02-19
New York Sugar

NEW YORK. Feb. 10 tR.-susar fu.
eures No. 3 opened inactive, no saies,
Bids: March. I94i May. 1.o1: July, / ,00;
September. 2.03; January. 200.
Evening star., 1940-02-19
Odd-Lot Dealings
BY the Associated Press.

The Securities Commission reported to-
day these transactions by customers With
odd.lot dealers or specialists on the New
York Stock Exchange for February IL:
l.1a4 purchases involving 4S,256 shares
2,24o sales involving 56,967 shares in
Guiding 23 short sales involving 765 shares.
Evening star., 1940-02-19
New York Bor Silver.

NEW YORK, Feb. 10 R-Bar
silver, AA, unchanged.
Evening star., 1940-02-19

Use your head, not your horn
while driving. a>s--..'s5 e.'
Evening star., 1940-02-19

Rubber Futures
NEW YORK. yeb. 10 N1.-crude Yub.
1919; Nay, 1e.60b: July. 1e.36.3o. BID s>s
Evening star., 1940-02-19
New Orleans Prices

NEW ORLEANS, Feb. 10 CPl.--Cotton
futures registered moderate losses here
today under foreign and domestic Ions
LIQUIDATION. Prices at noon were at net
declines of 5 to 6 points.
Evening star., 1940-02-19

WW-WItn warrants. XW-WithOut n
rants New. st tstpd)-Stamped.
sNegotiability impaired by maturity,
Evening star., 1940-02-19
New York Bunk Stocks

NEW YORK. Feb. 19 dP.-National As-s
Sociatton Securities Dealers Inc
(Quotations as of o'clock1 Is
Evening star., 1940-02-19

25s 1861 1864 l06M
l 8 9 9
l 7lx ~ ~
IL I Ga Z
l 28M 28s, 28sa
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-07

Roosevelt. despite all the evil
denee to the contrary. does not
intend to run for a third term;
his favorite candidate il Cordell
Hull. The president also be-
lieves that foreign problems will
overshadow domestic questions.
Although he is backing Hull for
the nomination, he realizes that
some other democrat-or repub-
lican may occupy the White
House for the next four years.
Therefore, he intends to high
light on his western tour the
problems which the European
conflict has dumped in Uncle
Sans lap. He thinks, naturally,
that the threat of foreign in
Movement will result in the cleo
ton of Hull as a man who knows
what it's all about.
Ninety percent of F. D. RS
speeches on his cross-country
trip are now scheduled to deal
with foreign affairs. They will
contemplate the nomination Of
F. D. r. or Hull. probably the
latter. But the presidents ora
tons will headline the need for
a non-partisan administration.
That isn't likely to disturb his
political opponents even slightly.
The vote which defeated the
Barden amendments purporting
to soften the effects of the wage
hour act represented a trade be-
tween the city slickers and the
boys from the farm country. 1t
was one of the smartest deals
negotiated on Capitol Hill in
several years.
The boys from the country
were dead set against the legis-
lation because it meant lower
pay for their constituents. The
city fellers, from the consumers
standpoint, should have favored
the amendments. for they meant
lower prices to the urban con-
sumers. But the end result
would have been lower pay for
professors who live and vote in
the cities. The New York, Chi
cago and Philadelphia congress
sional delegations wanted no al
terations in the law which
would cut the pay of their con-
stituents in processing factories.
So here is the essence Of the
trading: The city representatives
agreed to vote for parity pay
ments for the farmers If the
members from the rural areas
would agree to kill the bill.
which would have made hard
going for many members in the
fall elections.
President Roosevelt's amazing
boast about his executive ability
apparently escaped the reporters
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-07
When a Union Cleans House

Chicago has produced many recent examples of what
happens when gangsters and hoodlums muscle into the
intimidation and blackmang of employees has been the
usual result And ell too often, perfectly straightforward
unions and perfectly honest union members have had to
hear the brunt of ndiscmnate attacks these abuses
The story Of the cleanup Of the Coal Transfers and
Hikers' union in Chicago shows what be done when
union members union officers and public authorities CO.
operate.
This il very old union In 1888. when repeal took
from Chicago gangsters the money of prohibition days
hreeF fingered Jack" White and RED" Barker noto
Gus liquor aanaster seized control of the Coal Transfers
union with blackjack and bullet They looted its treasury
shook down business terozed members who objected
to their methods.
In 1883 conference of responsible ALL and Chicago
Federation Of Labor officials held with the and
states attorney After initial bad start by early 1895
dictator" installed Leslie G. Goudie, president of
teamsters Joint council brotherhood sorry situa-
on Men paying the union 81 day for the privilege
of working yet the union broke and owed $4,000.
Goue took hold He cut dues to reasonable point had
the books audited began busness-ke administration.
For three years he had to ride in buetproof auto and
accept constant protection from the states attorneys
police
But by 1887 he able the union to its
oficers All veteran members Today the union is out of
debt is headquarters building has 5000 in the
bank pays sick and death benefits
took courage It took cool personal bravery the
part of Goude II took moral stamina the part Of higher
union officials But done. The men who make their
living the coal business better off The employers
better off The whole labor movement is better off cleaner
Blanket condemnation Of organized labor because OF
blanket condemnation Of business unjust simply because
some businesses improperly The remedy for both
Is housekeeping of the kind these Chicago transfers have
shown to be practicable
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-07

at his recent press conference.
It was precipitated by . question
asking him to explain why he
had placed the civil aeronautics
authority in the department Of
commerce. move which has
inspired a nationwide protest.
F. D. r. justified hes reorgan-
ization with the explanation that
he could not read all the reports
from 10 cabinet members and
40 independent agencies. There
fore. he said. he decided to place
the CAA under the department
of commerce. With further
reference to the stream of re-
ports which flows across his
desk, the president said; NO
other president except myself
could handle all these reports
That boastful little remark
spanked a general laugh among
the 200 correspondents facing
him. And so daring reporter,
seeking to ascertain F. D. RS
third-term ideas, asked: Mis-
ter president, do you think any
other man could handle all these
reports you speak about"
F. D. r. simply laughed at
that attempt to draw him out
on his 1910 plans.
The house rules committee re-
Gently met in executive session
to consider a bill appropriating
Sl,250.000 for financing foreign
exhibits at the reopening of the
New York Worlds fair late this
month. The economically mind
ed members of the committee
put up a strong argument
against the proposed appropria-
ton.
But ub-Chairman Adolph
of Chicago, who happens to be
a Czech by ancestry, arose to
voice an indignant protest
against any reduction in the APP
preparation for foreign nations
exhibits. Gentlemen" said
Adolph, I'VE cannot break or
violate our obligations with these
great nations" Russia, Japan,
Italy.)
The committee, recalling those
nations attitude toward solemn
treaties which they have nego-
tiated with the United States,
guffawed in unison. And rey
cut the Worlds fair appropria-
ton down to s250,000.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-07
Stories in
Stamps

A COUNTRY doctor gave mod
IA ern medicine one of its great
est miracles-anesthesia. After a
long controversy, authorities have
finally agreed that DR.. Crawford
w. Long of Jefferson, Ga, was the
first physician to use ether to
deaden pain of an operation.
DR.. Longs discovery is COM
memorated by the u. s. 2-cent
stamp above, released April at
jefferson, Ca, second stamp of the
scientists group of the Famous
Americans series.
DR.. Long removed tumor from
the neck Of James Venable, March
30, 1912, using ether as an anes-
thetic. His bill for that operation
and for a second, for removal of
another tumor, totaled $3.50.
proved Longs claim of discovery.
DR.. William T. G.. Morton, Bos-
ton dentist, was originally credit
ed with the first use of ether,
based his claim upon an opera
ton performed by DR.. J. c. War
rem, in 1916. But Investigators
ruled against DR.. Morton and 9TH
ers.
DR.. Long died Of apoplexy while
on an obstetrical case, in 1873.
His last words were: Care for the
mother and child first"