davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-07-03
Chicago Livestock

to mostly s5 cents hisher today, adv sdvanco >
Apr @ and yeaTnas saqs
again active. Spring lambs we're Is to 80
cents lower and yearlings 15 to 25 cents
Total hog receipts were 10000. with
1900 1900 direct c, to .,u packers Trade was fairly
All buying interests were in the cattle
cattle sold fully 50 cents over late last
ier this week PTseslesl tor fS for strietiy Safg
prime m yeishty n.,t offerings at s1s;oo 80,
Total 1sooe open fairis aetiSs aGss
Is to. 25 higher than Tuesdays average;
TOP to-, S;35 bulk good 81 and nd choice. 20o,270
some 300-360 average, ,5.6O-90: good and
good 33O.45o.lb: packing sows. 5oo-4o:
salable cattle, 5000: calves, 1000: fed
steers and. yearlings again active; steady
TO strong: instances higher; medium grades
ket; good many fat cattle selling fully so
for week: pr practical top, strictly choice
1900; very liberal supply 10. .75-II rs;
best yearlings. 11.65; heifer. yearlings:
run edo tr Strictly era erainfed oep
ings and heifers grassy and short-fed
kind plain Southwest grassy steers, 7.50-
500: load scaling 1000 lbs, 1856: heifers
25 higher, supply small several loads
10.00-50; grassy kind down to 700: cows
fed offerings 25 lower: bulk best grass
cows steady; cutters. 5.75 down: bulls
steady to Is lower: mostly 10-15 off.
practical top. 7.25; vealers weak to 1000
down.
Salable sheep, 1000: total, 5000: today's
trade springs lambs 1886 lower: yearlings
bulk moderately sorted native spring lambs.
10.25-50: few good to choice strong
weights, 1895 and 1915: native throw
native springers sorted around 20 per
cent 1925: throwouts to killers and feed
ers, $685. small lots fat native ewes. 375:
oulk medium and heavy weights. ESQ.
$50; shelly Gamers downward to 200.
Evening star., 1940-07-03
Foreign Exchange

NEW YORK. July 3 Gqr:-The open-mar-
5et quotation of the British pound Jumped
cents cent. IN terms OF the dollar today
handled at fixed official rates, trading in
small.
The Swiss franc-the only other i'm
portant European currency with an active
tending previous gain by .02 of a cent
The free Canadian dollar moved up .25
OF a. cent with the pound
Noon rates follow:
Great Britain in dollars, others in
cents.)
Canada.
Official Canadian Control Board rates
for United States dollars: Buying, 10
per cent premium; selling II per cent
madam dollars in New York Of buyins. n s.s1
Canadian dollar in New York open
market. 16le per cent discount, or SO .s7Ha
United States cents.
Europe
Great Britain, cables. 3s3: Finland.
2;O5n: Germany, 4O1o benevolent, 1885;
Greece. ,.6S; Hungary, 17.65n; italy, SOB;
Portugal, 3:s4n: Rumania. 52n; Sweden,
239O; switzerland. 22.66; Yugoslavia,
2.35n.
Latin America.
Argentina, Official 2977; free, 21.25.
Brazil official, sos: free $40: Mexico,
Far East.
japan. 23.4s; Hong Kong. 1898; shang-
lRates in spot cables unless otherwise
fndicated)
Nominal.
Evening star., 1940-07-03
Bond Averages
10 LoW-Yield Bonds.
BY the Associated Press.

BY the Associated Press.
NEW YORK, July 3.-Italian
bonds were weak today in an other
wise generally higher and fairly ac-
tive pre-holiday market. Great
Northern IS of '46 jumped 16 points
on reports that investment houses
were dickering with the R. F. C.
to purchase $20,000,000 OF Great
Northern collateral per cent loans
due in 1852. Other rail bonds were
up fractions to nearly two points.
Among the losers were Rome 6l2s,
Italy Is, Milan 612s, German 512s OF
'65, Brazil 612s of '26-'57, Buenos
Aires ASS, Argentine AIS and Ger
man 51as of IS. Up slightly were
Australia 415s, Japan 612s, Norway
Is and Berlin City IS.
In the domestic list such rail issues
as MKT. SIS of '62, Missouri
Pacific 5s of TT, Nickel Plate 412s,
Southern Railway As and Pennsyl-
vania General 412s of '65 displayed
gains of fractions to nearly 2 points.
Treasury loans were dealt in small
quantity, with the 4s, 4hs, 27ss OF
'6o-'55 and 2s4s of $3.50 showing
gains of | to thirty seconds.
The final hour saw some broad
ening of demand for corporates at
rising prices. Erie 5s OF rs closed
at l1s4, up l; Remington Rand 414s
at e6. up =, and Third Avenue Rail-
way adjustment IS at 1S, up ia.
Evening star., 1940-07-03
Engineering Awards
For Private Building
Advance Sharply
Contracts for First Half
Of Year Are "a Per Cent
Ahead of 1899 Period
By the Associated Press.

By the Associated Press.
NEW YORK, July 3.-Contracts
awarded for private engineering
construction during the first half of
1910 totaled s4S4,244,0OO, or "a per
cent more than in the corresponding
period last year, Engineering News
Record reported today.
The increase in private work, the
publication said, was traceable di-
rectly to a revival in industrial
building, which more than doubled
its volume for the same period a
year ago.
A decline in public engineering
construction, however, dropped to-
tai engineering awards for the first
six months to $1,389 $4,000, or II
per cent less than in the first half
of 1899.
In the field of public construc-
ton, earthwork and drainage con-
tracts were % per cent greater than
last year, and highway awards were
7 per cent larger. These were the
only gains, however. Waterworks
volume was 65 per cent smaller than
a year ago, sewerage, SO per cent;
bridges, SO per cent, public buildings,
49 per cent, and unclassif1ed, IA per
cent.
For the II Southern States, engi-
neering contracts were IA per cent
larger than the record-breaking
volume Of year ago. In the Far
West awards were up per cent, and
west of the Mississippi they gained
OF per cent. Big declines occurred
in the Middle Atlantic States, New
England and the Middle West,
where volume decreased 81 per cent,
10 per cent and l51a per cent. re-
spectively.
Evening star., 1940-07-03
Peacetime Record
OF Spending Set
ByU. 5. Treasury
Defense Cost Expected "
To Boost Budget More
Than $1,000, ,000,000 +!
BY the Associated Press.

BY the Associated Press.
The Treasury hung up a new
peacetime spending record of So
666,085,539 in the fiscal year which
ended Sunday, and moved into a
new year Of defense costs expected
to raise the budget to more than
s11 900 100000. <
Final figures on the last fiscal.
year, made public yesterday, showed,
that revenues totaled S5,924,83 ,4o2.
leaving a deficit of SO, TAI ,24o 1856. ~
The deficit, the tenth in a rog.,
has been exceeded only twice in.
peacetime-1935 and 1886. For the
~ fiscal years these deficits weie:,
1881, 1901 ,959 900; 1892, S2,942, ,O51 OO0:.
1888, s2,245, ,453,00o; 1884, S3,255 ,393,-
600; 1885, s3,782,966 900; 1886, 81
952,929,000 (swollen by soldiers'
bonus payment; 1887, So, ,252 $40 o60:
1888, sl,449, ,626,0oO, and 1889, s5-n
600,514,0oO. 5i':h
Expenditures for the last fiscaf
year were about 100000 600 1eSs
and revenues 1921, 900 900 more thar
predicted in President RooseveftIst
January budget. ods
u,o uc5
treasury officials attributed tia
revenue increase to the business IN m
turn which followed the outbreak
OF the European war last fall Ts.
come tax collections totalinc sStt
iZoooo'ooo were sl66,0oO,O00 laress.
tnan anticipated, although abStsq
so4,ooo,oOO less than in the preoo
ceding fiscal year.
In the fiscal year which eadAd1
June 80, 1889, the Treasury hosi-
revenues of S5,667 ,S24 900. spent sas..s
zoo '33o,0oO, and had a deficit of sSa-Ti
600,514,OO0. - ''5T
Relief appropriations for the 1a4o.'
~ HScal year are well below those e.
tHe preceding two years, but the ns-
tlonal defense bill is much higher 5f,fs
whlle W. P. A. cost s1,477. .537 es8s
last year and S2,239 SOB All in 1eeSl1
ohiy 81 ,oOO,0O000o has been apprott
prlated for it in the new year. saiI
Ailotments Are Trimmed. ~ ~
Inc agricultural adjustment pro-.
sIa.l' not counting smaller farm =
programs, increased in cost to ST.
ozo'! '!4',1 ,139 last year over s786 5e7-
4oz IN the preceding year, but allot,z
Inents Tor this year have been :
Urn orLlined to approximately $3.50 000 -,
ooo LOT all forms of agricultural aid,
Last year expenditures of the War
department. totaled s667, ,138. 1863 ann,
Ihose OF the Navy, s89l .624 SIS.
Next year estimated cash expendi.s-
lures Tor these two agencies, not
counting many millions of contract
authorizations, are estimated ata
more than $500, 900 900 and tbers.
tional. O'00' 01'0ir b.
The Federal debt reached a new
| record high of s42 1885,, ,53l ,037 last.
year an increase of s2,527 ee8 s2s. .
turing the year. Budgeted expendi-..
lures before the new defense nro.
gram was launched were expected..
10 orlng the debt up to the stautorv :.
unit of s45 900 600 600, but Congress-
increased the limit to $40 900 oO0 nm =
|. new taxes voted by Congress are p
expected to bring this years Federal y
revenues to record high of nearly =,
$1,000, 100000. ~
Evening star., 1940-07-03
Figures
What They Mean
BY JOHN L. BECKLEY.


NEW YORK, July 3.-The outlook
for business profits has become so
confused that Wall Street as whole
is completely befuddled.
One can usually find the answer
to anything in Wall Street. But this
time the "hot dope" center of the
Nation is in quandary
OF course, there are a few wise
boys who profess to know what's
going to happen. There always are
few such. But the great body Of
traders are sitting idly on the side
lines waiting for the outlook to be-
come more definite one way or an
other.
To find evidence Of this one need
look no further than yesterdays
trading volume on the stock ex-
change. Sales totaled but 272,920
shares, with one exception the small
est days business in the last 18
years.
Situation Outlined.
Roughly, here's the lineup which
has Wall Streets analysts stumped:
On the favorable side is the fact
that the rearmament program is
virtually certain tC bring an expan-
sion of activity which will lift busi-
ness volume as a whole to levels
which would normally be very
profitable.
On the other side, taxes are GER
tain to take a substantial portion
of the increase in profits. Presi-
dent Roosevelt yesterday sent mas
sage to Congress recommending the
adoption of an excess profits tax
and such action is considered likely
in the near future.
But no one yet has any definite
knowledge of how heavy these taxes
will be or on what basis they will
be levied. For the sake of obtaining
some sort of a rule of thumb,
few brokerage houses have been ap-
plying British tax rates to earnings
OF American companies. However,
no satisfactory basis for deciding
whether stocks are priced too low
or too high will be available until
the American tax program becomes
known.
Taxes Big Uncertainty.
1t is difficult enough, analysts say,
to estimate probable corporate earn.
ings under a rearmament program
without considering taxes. When
the latter are indefinite, it is vir-
tually impossible.
Another big uncertainty, Wall
Streeters say, is whether the stock
market has fully discounted possi-
BILE German invasion of England.
II the market should be faced not
only with loss of British war orders,
but with world economy dominated
by Germany, will not stock prices
take another flop, they ask?
In the face of question of such
magnitude, most Wall Streeters have
resigned themselves to a policy of
watchful waiting with little pre-
tense at prediction
Evening star., 1940-07-03
Commodity Prices

p-asE NEW ,Ytl YORK, July 3.-The Associated
commodities today advanced to 7165
Previous DAY; II .45; week ago, 71.61;
High 1889 e % 1899 - 123s a$- l233,37. 6s
Low 7i1s 63.7s 683375s s3s66 3s6 4i.44 Ala
Q926 average equals 1O0)
miscellaneous Markets.
ground throughout the session today. July
hauIdation, selling by trade interests and
some hedeing, accounted for the move
Local professionals and commission houses
Doug bought at the lower levels. Final prices
octeoer g 81 PSlosn pecembep aqIn So iSy 9SS0
SPOT; standard tops, 1000. UNCHANGED,
a7s 7ssoGoA-FstuTes ;e2. closed lower. Sales
ASH; March. 4.92n.
:, raw sILk-Futures No. closed 1-e
higher s. sales. $40 bales. July, 2.51b;
august; nis 2.5lb: October, 2.4sla.
RAW H1DEs-Futures closed higher
70 lower. Sales, 100000 pounds.
s September d0.40:, December. 1O.59-60
CoFFEE-spot quiet: Santos No I.
6zs-71s; Rio No 7. SO Cost and freight
Gaerlnss 5a i6cluaed de- Santos Bourbon IS and
% santos s'4St.'29 No. %" futures closed up.
changed to 4 higher. Sales. 1900 eu BAGS.
July. Sngy. STD; September, 5.s9b; December,
s.Is Rio No; : "a" futures "a higher.
CRUDE RUBBER-Futures closed 10 to
IS lower: Sales, No. l standard. SO con-
pesembeI I5ssts; July So5o; September 1sso-s5;
Smoked ribbed spot, 2o.5on. Nominal
Evening star., 1940-07-03
Collateral Borrowings
Decline in New York

By the Associated Press.
NEW YORK, July 3.-The New
York Stock Exchange reported yes
terday collateral borrowings of its
members totaled 1881 ,S53,505 as of
June %, a decline of s7to55,5s5 from
May 81.
This aggregate was less than $780,
100000 away from the low for brokers
loans established in August, 1882, at
S241 500 ,043, and compared with the
record high of $8,549,383,979 on
October, 1929.
Evening star., 1940-07-03
Chicago Produce

CHICAGO. July 8 lP.-Poultry, live. 20;
Leghorn hens and Leghorn broilers easy,
ers, 21a pounds and down, White Rock.
1914; young geese. "A. Other prices un-
unchanged. Eggs. receipts, 17.is4;; 'Sns firm.
fresh graded. extra firsts. local. 16; cars,
16A; current receipts, ID; dirties, 12Ha;
Other prices unchanged
United States Department of Agricul-
ture-Potatoes, arrivals, 14S; on track,
supplies rather liberal, demand fair:
market, steady. California Long White,
U. s. No. /, 2.15-2O; Idaho Bliss Triumprs.
q. s. No. l.. 2.05-15; Oklahoma Bliss Tri-
umphs, fairly good quality, 150-60; Ar
kansas Eiss Triumphs generally good
quality, 1.50-75; Alabama Bliss Triumphs
U. s. No. /, 200: Missouri Cobblers, fair
to generally good quality, L LOOPS; Kan
sas Cobblers, fair quality. 1.00-05.
Evening star., 1940-07-03
Odd-Lot DeuIinas

The Securities and Exchange
Commission reported today these
transactions by customers with odd
lot dealers or specialists on the
New York Stock Exchange for July
2: 2,166 purchases involving 59,113
shares, 2,046 sales involving 52,545
shares, including "a short sales in
volving 2,064 shares.
Evening star., 1940-07-03
Corporate Bond Yields
Increase Slightly
BY the Associated Press.

BY the Associated Press.
NEW YORK, July 3.-Yields on
high-grade corporate bonds at mid
year were somewhat higher than
at the end of the first quarter, deal
ers said today.
Prime utility bonds maturing in
20 to 80 years were selling to yield
2.68 to 3 per cent, compared with
2.55 to 2.90 per cent three months
ago.
Returns on top-notch rail liens of
the same maturity averaged 200 to
$50 per cent, against 2.80 to $40 per
cent at the end of the first quarter.
Evening star., 1940-07-03
New York Produce

NEW YORK. July 3 LP1.-Eggs 40,374;
1923: extras, 1s1a; storase-packed f1rsts.
17-17A: graded f1rsts. 161a-2a: current re-
ceipts, 16; mediums. 15A; dirties, No. i.
(resale of premium marks) 26h29; near
by and Midwestern premium marks, 23h-
26: specials, %: standards, 1724-lSA; Te-
diums 211a-25) mediums, 21. Browns,
nearby fancy to extra fancy, 21-2sh;
near9s f4andsrda and MidWesteTm eds sneeials @
Duck eggs. 1919.
Butter, 1,0l4,s1s; about steady. Cream
5a2 score), tubs s7A; cartons, sseA-s7;
flrsts (sS-9D, tubs and cartons, 25A-
2634; seconds (s4-s7), 24-25
changed.
Feed, easy; Western BRAN per ton, Buf-
falo basis, 2O.50
Other articles steady and unchanged,
Evening star., 1940-07-03
275 Tons Of Lead Sold

NEW YORK. July 3 R.-St.
Joseph Lead Co. reported so tons of
Southeast Missouri pig lead sold
yesterday at $485 per 100 pounds
East st. Louis, 125 tons at $5.05 New
York and 100 tons at the New York
average.
Evening star., 1940-07-03
GimbeI Buys Building
For Pittsburgh Store
nv the Associated Press.

BY the Associated Press.
PITTSBURGH, July 3.-One OF
Pittsburgh's largest single real estate
transactions was consummated yes
terday when Gimbel Bros, Inc, an
nounced the purchase, for s5,ooo,ooo
cash, of the 13-story building they
have occupied in the heart OF the
business district since 1913.
Evening star., 1940-07-03
New York Metals

NEW YORK, July 3 LP.-Copper steady;
electrolytic spot. Connecticut Valley. II. 90
11.50; export fa.s. New York, 1860. Tin
easy; spot and nearby, $500; forward.
50.12h. Lead steady: spot. New York,
5.00-5.05; East St Louis. 4.s5. Zinc
steady: East St. Louis. spot and forward.
silver, platinum, Chinese wolframite and
domestic scheelite UNCHANGED.
Evening star., 1940-07-03
Reichsbunk Statement

BERLIN, July 3 R-The Reichsbank
statement as of June, 90 showed .dn thou
sands Of reichsmarks):
Gold and foreign exchange, 77,1S0; de-
crease 534.
Bills Of exchange and checks, 12,611,-
1874: increase 67O.9S2.
Securities, 143O0S: increase 27,O21.
Other assets l,S62.5S increase 49,
COS
Circulation. 12,7s5,345; increase 64s,-
295
Sight deposits, 1858. .646; increase ALL
597.
Reserve ratio 0.60 per cent.
Bank rate, 3H2 per cent
(Changes are figured from the state
ment of June 15. the last received.)
Evening star., 1940-07-03

Ranges quoted do not represent extreme
price range in each quality but only on
bulk of sales. approximately tWo-thirds
of totaN.
For the week ending June %, frst-hand
sales were 5S5.43S pounds.
For the season through June %. first
hand sales were 6,57s,775 pounds, and re-
sales, 510,779 pounds.
Total sales were 7,0S9, 554 pounds.
Evening star., 1940-07-03
Maryland Tobacco

Slight gains were made in the average
prices Of practically all Qualities o. TO-
bacco sold on the AUCTION mstkess oc oi
sordins to the Agricultural Marketing
Served Losses during the period OF from
average prices on the whole we've lower
than during the first part OF last week;
new high Of 43 cents for choice Snahty
Total volume Of offerings continues light
and the general quality has improved some
All markets in Southern Maryland will
be closed on July 4 and and sales VIII
be resumed at all points on the morning
Average prices per 100 pounds by quality
and approximate ranges on bulk OF safes
follow: x,
Evening star., 1940-07-03

r In 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. q Also
extra or extras. d Accumulated dividends
paid last year e Declared or paid so
far this year, Payable in stock Paid
last year Cash or stock Accumu-
lated dividends paid or declared this year
ur Under rule WV With warrants XIV
Without warrants war Warrants
Evening star., 1940-07-03
Dividends Announced

NEW YORK. July 3.-Prepared by Fitch
Publishing Co..
Accumulated.
Pc Stock of Pay
Rate. riod. record. able.
Am. z l. g. S. SIS pfd 81 20 - 719 81
Passed.
Automatic Voting Machine. Woolson Spice.
Evening star., 1940-07-03
Washington Exchange
SALES.

SALES.
AFTER CALL.
Capital Traction 1st $500 at 100.
Potomac Electric Power 51a % pfd.-
10 at 11312, 2 at 113l2.
Notice: This exchange will be
closed tomorrow, independence Day.
Evening star., 1940-07-03
FOREIGN Markets

LONDON, July 8 lR1.--Most groups in
the stock market held at firm prices Rails,
oils and miscellaneous industrials were
marked Up. Broad investment buying
aided q rise in the eilt-edged division.
LIVERPOOL, July 8 P).--Cotton futures
stayed in a narrow range today. Final
prices were 1 point higher to l lower,
with May nominal at the minimum quota
ton. Trade demand and short covering
gave support to the market.
Evening star., 1940-07-03
London Gold and Silver

LONDON july 3 UP.-Bar silver 21Ad
of i!s... Equivalent 39.44 cents based onsz
the dollar at 403)
Bar gold. 1855, unchanged. tEauivalent =.
Evening star., 1940-07-03
London Money Rutes

LONDON, July 8 F.-Money per-
cent. Discount rates; Short bills. 1.32
per cent; 3-month bills. 1.32.1la.
Evening star., 1940-07-03
Baltimore Stocks
Special Dispatch to The Star.

BALTIMORE, July s.
Sales. STOCKS. High. Low. Close
g g sarnasl saitl@ore coTP Transit y y y
lse e eansol ealsS IssR PoR eom saal7s ls 17s
So Eastern sug As VT 8A 6h sk
% Finance Amer A 9 9 9
II Mt Yer wd Mills1 1.30 1.30 40
assH 29s Heg ridei ARTtsr oSss SsS 49, 1155y H.
$4,000 Bal TT deb f. A 80 81 80
Evening star., 1940-07-03
New York Sugar

NEW YORK, July. 3 lP.-Trading in
fGomeiSuc faneiM SUGAR Iutures was confined
Cuban producers bought distant deliveries
against sales of near months and trade
houses took the reverse side Prices in
midafternoon were UNCHANGED to points
World futares we're anet March
were small buyers in the September posi-
tion at 1.02.
The raw. market was inactive. Cubas
were offered at 2.75 cents. duty paid, for
prompt shipments, while Puerto Rico and
Phllippines were. available at the same
oaeis. Rehner buying interest scaled a
few points lower
Refined sold in the Northeast at AS
cents and in Southern territory at 4.25
Allowapces from the 4.50-cent basis expire
at the close tonight
Futures No. 3 closed unchanged to l
higher. Sales, 30,450 tons
High. Low Close
september -----------1 1.s2 1.S1 1.S1b
January 80 1s9 IsSb
No. futures to higher Sales. 1880
tons
September --------1.o2h 1.o1 lob
b Bid.
Evening star., 1940-07-03
MISCELLANEOUS
STOCKS

col Country c 1st 4Ls 1857 103
Ter Ri & w Cp Ist 4As l94S 100
Evening star., 1940-07-03
u. S. Treasury Notes

NEW YORK. July lP,.-Prices quoted
in dollars and 80 seconds
Evening star., 1940-07-03
Chicago Stock Market

CHICAGO July 3 P.-Following is
the complete list Of transactions on the
Chicago Stock Exchange today:
Evening star., 1940-07-03
NEW YORK CURB MARKET

Stock and Sales
Dividend Rate Add 90.
PugSd $5pf 2.50k zoos
Puget Sd p S6 pf- 25s
Evening star., 1940-07-03
DOMESTIC

Ww-With warrants. xw--Without war;
rants New. st tstp)-Stamped
sNegotiability impaired by maturity. z
Evening star., 1940-07-03
BONDS

PUBLIC UTILITY
Evening star., 1940-07-03

NEW YORK, July 3-The Associated
Press weighted wholesale price index of 35
commodities today advanced to 71.65
Previous day; II As: week ago, 1161;
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1940-03-08

Conditions in Palestine Ex-
planned By Labor Execu-
tive in Address Here

Restrictions on the purchase Of
land In Palestine from Arabs by
Jews were attacked last night by
Israel Mereminski, Of Palestine, In
talk at the Waterbury Hebrew in
stitute last night. More than 400
persons heard Mr.. Mereminski, gen.
eral secretary Of the Histadrut, Pa
lestine Federation Of Labor, declare
that Jews In Palestine face des-
perate plight unless they are al
lowed to secure land.
Jeoash branch, Jewish National
Women's alliance, sponsore dthe
meeting. The gathering was fol-
lowed by dinner at The Elton,
which attended by a number of
prominent members Of local Jewry.
Remarks of Malcolm Mcdonald,
British Colonial secretary, concern
ing the plight Of "landless Arabs,
have no basis In fact, Mr.. Mere
nirski declared. He asserted that
as recently as 1882 a thorough in
vestigatioh by the British revealed
that it was the Jews who were
"landlesS".
Mr.. Mereminski pointed out that
Jews have been forced to pay ex-
orbitant prices for the land they
have acquired. The British restric-
tions tend to raise the prices still
higher, he said.