davidaulloa/AmericanStories huggingface dataset:
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
m0bI LIzATI0N OF GUARD
Is VOTED BY SENATORS!

WASHINCTON-The senate passed and sent To
the house Thursday afternoon legislation su,horix-
ing President Roosevelt To mobilize $50. 900 Ma
tionsl Guardsmen and army reservist. for hemis-
pheric defense and a years intensive training in
modern mechanical warfare.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
Man Is Lost rs Days

KETCHIkAN, Alaska = N I
Peterson, 81. was under observs-
ton today after being lost IS
DAYS in the Alaskan vilds- Peter
son said he lived on berries during
the entire time. He lost 10 pounds.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09


ana Is 10 De
succeeded o n
Aug. IL by I'd
ward j. r1ynn
OF we" fork.
In accepting
+ arieys caoi-
net resignation
with real re-
greet 4 e ; /
Gent KooseVeit
gave no indi-
eauon as TO
whom ne VIII
name as post
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09

no longer postpone the proposed
expansion of the vicsroy's council
and the establishment u . body
10 associate mors closely Indian
public opinion with the central gov
eminent
The siesroy ~ Iaaia viii.
Amsry said. Invite . number
Of representative Iadlas. 10
lois hls eouoeiIs. and viii 60
tabIish . var advisory essssii
containing representative. ~
the IBdian state. aud sthsf la
tsrssts In the national life -
India ~ ~hois."
lie sad ths government had
agreed 10 establish . postwar b-saY
representing the principal sismsais
In India - devise the ffamsNSfk
d new constitution.
Me- nNhiis. Amsry sslS. ths gov
srnmsnt Nill vslcoms every pfAc-
ticai effort on the part n the In.
dams themselves 70 reach = friend.
~ agreement regarding ths pro
posed postwar body sna ths out
lines ~ fhs nsN constitution.
Agitstlsa for independent gov.
ernm~st o. for dominion status 10
India has been largely ssdsr iead-
ershlp u the Inalaa nationalist
movement u Nishatm. u. n. Gasa-
nj. bat there IA. bees sharp eea.
nief among th< sarisss iadla fac
fisna 90 the form Of any new
constitution.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09

Immediate action toward sstab-
fishing greater representation for
the people Of India vas announced
by the secretary. Amsry told
commons that:
differences between the Indian
communities which prevented thu
achievement Of national unity. can
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
WEATHER FORECAST

Unsettled tonight and saturday.
Temperatures High. -; Low, 81.
sun rises, Asa; sets. 1:5z.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09

BON AY. Iails- source.
close Ia The India National Goa
grs-s lndicaied to-day ~ might
he impossible 10 cooperate With
the British war sffert. despite
new concessions ~ Britain
toward IN. goal ~ dominloa
ststuN.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
BASEBALL
FINALS
NATIONAL LEAGUE

NATIONAL LEAGUE
Boston. 49,. 600 500 eos-s y Z
Philadelphia ooo 600 iei--1 I 1
Tobin and Masi; Mulcahy. Beck
Isl and Atwood.
Brooklyn. 100 o00 eco CO.'S 10 I
New York ose 600 0eo eoo-s 10 1
c. Davis. Flowers ID and
Phelps; Lohrman and banning.
Chicago 80. 100 600 00o--l D o
Cincinnati 100 oi0 oix--s q I
French and Todd; Walters and
lombard.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
Battery F
Suffers so
Casualties
Blitzkrieg Staged
BY Yellow jackets
On forget Ronge

CAMP MURRAY - Battery y.
itsth y. A. Tacoma unit IN the
Washington National Guard IN en-.
campment here. vas hlitxkrleged
while attempting 10 20 into posi-
ton south Of Lake Nisqually for
range practice Wednesday and was
put 10 route. The Tacomans then
counter attacked. and finally
established their position, but with
a temporary casually list OF 60 out
Of Is men Among the injured
was Major George A. conger. sec
ond battalion plans and training
officer.
No. Il was not an invasion BY
foreign power. Herr Hitler and his
tanks and dive bombsrs are simply
not in the class of attacking force
they met. the Tacoma Ruardsmsn
insist II was a plain case Of be-
ing outnumbered, out-manuevcred
In fact. out-fought. for a time. by
about 10 streamllned divisions OF
yellow jackets.
Real Dive Bombers"
Yes. SIR" said Sgt. Frank
Errigo. gun section chief, those
babies have some rial dive bomb.
ers." while Sgt. sam cusato dis.
played on face and neck welts that
would rival those on q prize.
fighter who had faced Joe Louis
for 20 rounds.
The attack came suddenly and
without warning a. the gupn sec.
tons OF sgts. Phil Vaughn and
Errigo stopped for emplacemsnt on
each side OF ground that looked In
viting for position. From beauti-
fully camouflaged underground
airdromes, the yellow and black
ringed planes" Of the enemy
came. first singly and then BY The
hundreds
ConEer Attacked
In a moment the entire battery
Was a group Of men shouting and
els@ing 81 face and neck. Maj
conger came up from second bat.
Continued on Page ,. Column a.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
Puyallup's Queen
Will Be Crowned

rTfsII.If--ft = Mlas Mar
cslis Duaeli. wh1 al BE- rro~u~f
queen II ne PuYallaP valley rlo-
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09

WASHINGTON - Assistant At
torney General Thurman Arnold.
chief of the justice departments
antitrust division. disclosed today
that the government Is conducting
a grand jury investigation IN New
York of industries producing war
materials.
He indicated in an interview
that the inquiry may center around
alleged restraints Of trade pur-
portedly curtailing output of de-
Tense supplies.
The United States" he said.
'is facing the same situation
that England faced--a start
ling inadequacy Of production"
Arnold declined to discuss spe-
cific cases. but said the investiga-
ton covered industries producing
aircraft. naval equipment, electrical
supplies and important metal al
Toys. The evidence. he said. Is be-
ing presented to the grand jury as
fast as 1t can be collected
EIGHT MEN ON JOB
He recalled an address he made
on June Is in which he said the
division had uncovered situations"
that would lead 70 "throttling Of
American production by foreign
ownership and control Of patents.
transmission of American military
secrets to foreign companies and
collusive bidding on army and navy
contracts
The division. he said. has had
staff of eight men working on the
New York probe since the Bausch
& Lomb company, manufacturers
of optical equipment used in range
finders. pleaded guilty to an indict-
ment charging them with demand
ing excessive prices on government
contracts. Bausch & Lomb manu-
features the equipment under ex-
elusive patents owned by German
firm.
OIL SUIT DELAYED
arnold said wartime production
needs extend beyond immediate
war industries. and that the divi-
sion ultimately plans to wipe out
possible production bottlenecks"
in the food, drug and fuel indus
tries.
An antitrust suit has been pre-
pared against 70 major oil COM
panies and their subsidiaries, but
Is being held up pending outcome
of a study by the national defense
commission on its possible effects
Of the multi-billion dollar defense
program
ARsENALs SPEED UP
Meantime, Secretary Of War
Henry l. stimsop ordered a three
shift working day and six-day
week, effective Aug. 10. at six
army ordnance arsenals at Rock
Island, Ill. WATERFOWL, Mass.
frankfort. Pa. Springfield. Mass,
Picatinny, n. Y, and Watervliet.
~. Y.
He said the plan. approved by
President Roosevelt. would increase
ordnance production by IS per cent
and mean the employment Of 5000
more skilled workers and 10000
semi-skilled and unskilled workers.
BASES WORK AHEAD
Secretary Of the Navy Frank
Knox disclosed that work on STRAIT
egic defense bases in the Pacific
is nine 10 IL months ahead Of
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
Bliizkrieq
OF Italians
Is Winning
Push into British
Somuilildnd: Filters
Fight Over Isles
RossS fsaIoss rusm on

Italian forcss ass eanxsfEinE -
Bsfbsfs capital ard chef pot ~
british somaAlsnf. FspaTts IN
usually reliable Ruus quarters IN
dieaisa to-day. Italian force. see.
reported 10 b. advancing ~ biigs.
krlsn st~sd
fosiays Italian high command
cammunlaus announced fha esptufs
u zsila. sseond port ~ The Hfltias
protsstafats aaa sl.o IN air hass
and camel caravan center. after =
thrsssda marrh across the DESERT
~ regular and Fascist militia m
fantfymsa ana balloon tired
armorsd ears ara nailss esmsI
units
Reports said the Italian van
guard entered zsiis At assn Yss-
lsrsiay aaa that ths nain forces
followed shortly Ths Italian Tag
~ss holstsd on TIE haaas of ia
HfttiHh rntsf agent
CsMEIs CAPTURED
Thousands ~ esmsls vsfs cap
iufsd u nns asserted
rha itailan command rommuni-
qns ASSERTED that Italian planes
had attached ma British alrpof, Il
wslf. Ksnya. destroying three
planes 81 The ground sad settInk
military anFctisss sfifs A British
plane sas shot agsn ia an AR
nEht. a Naa said
British planes caused "sliKht
damaEs In raids an bifssass.
kibiopia. and Aaasasa. Eriirsa.
The eemm1aiqus sad.
BATTLE AiONo COAST
In a ~iddsn renewal ~ aerial
warfare ever the British isirs.
tC0atlaassi On PsEs =. Column -
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
Britain Moves Step Closer
To Home Rule for India

LoNDoN-Domnon status for India rsmsns goal or.s,
Britain l. secretary india
conn
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
AMERICAN LEAGUE

New York .. 100 os0 iIe-s . o
Boston 49,. 900 0o2 0ss--s Is o
Murphy. Hadley (s) Gomez te)
and Rosar: Dickman and Foxx.
First game;
Cleveland :. 10i 03l coll Is o
ST. Louis -. 900 00i eiz--t 10 o
Feller and Hemsley. Kennedy.
Mills (5), coffman (s) and Swift,
Susce.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
CssEIs CAPTURED


IN a Sudden renewal ~ aerial
warfare over the British isfrs.
tContlaassi On PsE~ y. Caiiima -
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-09
Conger Attacked

In a moment the entire battery
Was a group Of men shouting and
els~ing 81 face and neck Maj
conger came up from second bat.
CONTINUED on Page ,. Column ~
The Wilmington morning star., 1940-05-02
Building Work
Nav Be Resumed Soon

A proposal that the cafe Of JIM
my Odum on Front street, next to
the old Purcell building, be moved
to the former site of the LA Mode
shop" on Princess street was dis
cused by city commissioners at
their meeting yesterday.
If this negotiation should go
through, it was stated, demolition
on the Purcell building could be
resumed.
No action was taken on the mats
ter, but the commissioners express
ed themselves as favoring this solu-
ton to the situation, which has
been at a deadlock since the build
ing occupied by Odum was declar-
ed unsafe by building inspectors.
1t is expected that arrangements
will be completed in a few days.
and that work a begin on the
near future on the tearing down of
the Purcell building. which is to
be the site of a new theatre.
The Wilmington morning star., 1940-05-02
NEW YORK COTTON

NEW YORK, May 1-lP-Cotton
futures worked their way back and
forth in a 3-point range today, end
ing higher to lower.
Brokers said trade was hamstrunS
bv further delays in congress over
a vote on the agricultural appro-
priation bill.
News Britain had diverted her
shipping from the Mediterranean ap-
peared to have only minor repercus-
sions in local trade but the result
in Liverpool was a friendlier attitude
toward American staple.
The weekly government weather
report, regarded as u~nfavorable by
observers, plus continued heavy
rains in the central belt, stymied
the market for a while but specula-
tive eyes were fastened too tightly
on Washington to be distracted long
by other factors.
Despite routine business in
Worth street, sentiment in the tex
tile area remained predominantly
cheerful.
Exports Tuesday 400 bales; sea-
son So far $3.50, OIL. Port receipts
1892; port stocks ~2,690,673.
Range follows:
The Wilmington morning star., 1940-05-02
LIVESTOCK

CHICAGO, May l. Up Storm
trade provided mostly steady money
for steers and yearlings today, but
the general undertone remained
bearish. Top Of 1910 was paid for
1, 500.pound steers while best medi-
umweight sold at $12.65 and western
fed heifers weighing 1,066 pounds
at $10.75.
Hogs yer mostly steady at Tues.
days decline with late trade best
and top at $6.25. Open market re-
ceipts of 1000 were 1000 less than
advance estimates. Best light loins.
however, declined a cent to 1 IL
cents a pound in the wholesale
dressed market.
Lambs, quality considered, were
weak to Is cents lower, best wool
skins selling at 5000. Sheep were
steady, wooded offerings selling
from $50 down.
(U. S. Dept. Agr.)-salable hogs
II, 900; total 1880; opened slow
closed fairly active; generally steady
with Thursdays average; top 6.25;
bulk good and choice 180-270 lbs.
5000; most 27O-360 lbs. 5.75-6.OO;
good 4OO-5E0 lbs. packing sows AGO.
5.25; lighter butcher kinds UP to
$50; shippers 500; estimated hold
over 1000.
Salable cattle $500; salable calves
1000; fed steers and yearllngs
steady; market moderately active;
undertone sluggish but abridged re-
ceipts and severe snow n am
storm helped trade expanding ship
per. demand; very liberal supply
mediumweight and weighty steers
sold at 1%0.50.12.00; yearling COM
paratively scarce; common and medi-
UNI grades in light supply; extreme
top 1910 paid for prime 1900 lbs.
Nebraskas; same price as feed lot
mates brought week earlier; next
highest price 1885; several loads
49, $3.50 best long yearlings 1900;
bulk crop sold o.oo-11.W heifers
steady; choice 1,O66 lbs. 1915; most
ly 9~.O0-10.00; weighty cutter cows
up to 900; light shelly Gamers $50,
and 3.75; most beef COWS 6.25-7.0O;
weighty sausage bulls to 7.25; few
selected vealers 1900; mostly 1850.
11.5O: stocker and feeders scarce
but in broad demand; stable sup.
ply common and medium grades
going back at 7.7F-9.25; with choice
yearlings up to 1880.
Salable sheep 1000; total $500:
fat lambs quality mostly below
leverage trading slow; weak to Is
lower; best woolskins 1850; others
1000 to 1925; best clippers $50;
bulk 9.O0.40; small lot native spring
ers 1900; fat sheep scarce steady;
few wooded ewes 5.0O.5o with clip
pers at 4.00-50.
The Wilmington morning star., 1940-05-02
CHICAGO POTATOES

CHICAGO, May 1.-(R-U. S.
Dept. Agr.)-Potatoes SO, on track
PIG, total US shipments GAL; old
stock, Idaho Russets> slightly
stronger; northern all varieties
best, slightly stronger; supplies
rather light demand good; sacked
per cwt. Idaho Russet Burbanks
US No. /, 2.15-25; Minnesota Hol-
landale section cobblers US COM
mercials lao; Minnesota and
North Dakota Red River Valley
section cobblers go to IS per cent
US No. /, 1850; unclassifed So;
early Ohios 60 to 80 per cent US
No. /, 1855; Wisconsin round
whites US No. l, good quality l.5O-
go; Katahdins US No. /, 1.65. New
stock Texas Triumphs firm, Cali
fornia long whites steady, supplies
moderate demand light; so lbs.
sacks, Texas Bliss Triumphs US
No. l, washed, few sales 1.45-5O;
some holding for higher prices;
US No. 1, unwashed 1.25; size B,
washed 1.25; unwashed LOS; Cali
fornia long whites US No. 1, under
initial ice 100 lbs. sacks 2.45; so
lbs. sacks car showing decay 95 a
sack.
The Wilmington morning star., 1940-05-02
SEAPLANE FLOAT
TO Be DEDICATED
NYA Project Ceremonies Are
Scheduled To Be Held
Here On May 10

Dedication ceremonies for the
first NYA seaplane float in North
Carolina will be held in Whining
ton May 10, it was announced yes.
terday by J. E. L. Wade, commits.
sioner of public works and sponsor
of the event.
The celebration. which will be at.
tended by prominent NYA, State, and
Civil Aeronautics association offici
ais, will be held at the site of the
float at the foot of Greenfield stree
at the Liberty ship yard.
The float has been in construction
during the past month by negro
NYA workers under the direction O
Mrs. Julia Hussey, county NYA SUI
pervisor, and is the first of a serie.
which will be built by the NYA with
the city's assistance.
Among the prominent persons VIII
have been invited here for the dedi
cation are John Lang, state super
visor; r. Hugh Evans, of Kinston
district supervisor; Capt. Rober'
Fogg of the CAA, and Carl Goerch
editor of "The State" Mrs. Hussey
said.
Built according to government
scale, the float is II by 20 feet ir
size. Other floats in the state will be
built soon, and is is already in pro
gress at Beaufort.
In commenting on the dedication
Mr.. Wade said, 1.-THE national publ
city gained by the city in securing
this float in North Carolina, will be
of inestimated value. Those who
travel by seaplane will be able t.
stop here for the first time. The
dedication is a big event for Will
mington and we hope that a large
number of citizens will be on hant
to participated"
Mrs. Hussey said that the com
plete program had not been mapped
out; but that it would be announced
in the near future.
Appreciation was expressed for tn
aid of Kenneth Sumner and Louit
T. Moore, of the Wilmington Cham
Der of Commerce, for their assist
ance in securing the float.
The Wilmington morning star., 1940-05-02
FOREIGN EXCHANGE

NEW YORK, May l. Up The
British pound steadied a bit today
after an early break of more than
2 cents in relation to the dollar.
At the close the British money
was still l IL cents lower.
Weakness in sterling, which ac-
companieu news of Allied military
difficulties in Norway, spread to
other chief foreign monies.
The Canadian dollar dipped 1-S
cent to "a 3-4 u S. cents, the Swiss
franc and guilder each lost .01 of
a cent and the belga sagged .04 of a
cent.
Closing rates follow (Great Bri-
tain in dollars. others in cents) /:
Canada: Official Canadian control
board rates for U. S. dollars: buying
10 per cent premium, selling II per
cent premium, equivalent to dis
counts on Canadian dollars in New
York of buying 9.91 per cent, sell
ing 900 per cent. Canadian dollar
in New York open market Is Ia
per cent discount, OF S4.15 u. 5.
cents. Europe: Great Britain, de-
mand s.49, cables $40 ga, 60 day
3.46 ga, 80 day 3.45 IL.
Belgium 1858. Denmark %unquoted,
Finland 1.9On, France 1893 IA, Ger
tmany 40.2On. benevolent $500,
Greece .e6 IL, Hungary 17.6Fn, Italy
5 .05, Netherlands $500, Norway un-
quoted, Portugal 3.5On, Rumania
.55n. Sweden 1888, Switzerland >22.42,
Yugoslavia 2.34n.
Latin American: Argentina of.
ficial 29.77, free 23.09, Brazil Official
sos, free $40; Mexico 16.Son.
Far East: japan 2S.4s, Hongkong
21.76,\ Shanghai 500.
Rates in spot cables unless other
wise Indicated. n-Nominal.)
The Wilmington morning star., 1940-05-02
STOCKS IN THE SPOTLIGHT

NEW YORK, May 1.-0-sales,
closing price and net change of the
fifteen most active stocks today:
Loft, 2s. 3OO-33B; d..
Curtiss Wright, 17,400-10% as.
Pure Oil. 5.S00-11; al.
Int Pap and Pow, 1920 - 1875 !;
DIS.
Pan Am Airw, 49, oo-22%: ais.
Mont WARD. u, 50O-49; d2k.
US Steel, II, 900-59A; d1%.
Int Mer Mar, II, 200-13A DIS.
CoEs Oil, 10, 90O-7A; DIS.
Lockheed Airc, 10.400-37B; d1.
Am Haw SIS. 9,600-37k; al.
Ohio Oil, 9,4O0-S; ais.
Radio, 8,900-6h; dA.
Atlantic Rein, S,1O0-24S; as.
Baldwin Loco ct, 7,900-16%; dk
The Wilmington morning star., 1940-05-02
CHICAGO GRAIN

CHICAGO, May 1.-R-Wheat
prices fell 2 to 3 cents a bushel to-
day, n of the sharpest breaks in
some time, to the lowest level
since April g., the day before the
invasion of Scandinavia.
Favorable grain belt weather,
heavy marketing of wheat, weak
ness in securities and Rome re-
ports indicating there will be no
sudden change in Italy's war pol
icy were factors. Scattered sales
by tired holders disclosed only
moderate buying orders and as the
setback was extended general stop
loss liquidation accelerated the de-
cline.
Wheat had advanced 1-4-1-2
cent in early dealings so that the
declines from the days highs
amounted to 2 1913 IA cents,
with May contracts, on which first
deliveries were made today, the
weakest. Delivery of 434, 900 BUSH
els more is scheduled for tomor.
row.
Wheat closed l 7-8-2 7-8 lower
than yesterday, May $1.04 7-8-
LOS 1-8, July $1.04 1-8-1-4. These
prices Were 7 to 8 cents below the
Swear peaks established 9 days
ago.
Corn closed 5-8-7-S lower, May
"a, July 81 3-8-1-2; oats $3.50
Oft; soy beans unchanged to 2 1-8
down; rye 1 1-2-1 SO off and lard
2-5 lower.
Yesterday was the last day in
which farmers could redeem wheat
from government loans but there
were. no signs of any material de-
crease in a marketing for the time
beng. The II principal terminals
received 1854, 900 bushels, almost
400, 600 more than a week ago and
more than double a year ago. Min.
neapolis and Duluth received 581
cars compared with 1853 a week
ago and 146 a years ago.
~
The Wilmington morning star., 1940-05-02
What Stocks Did
E YORK SUGAR

NEW YORK, May l.. GA
drop in the spot price for raw sug-
ar unsettled the futures market to-
Gay.
Domestic futures closed un-
changed to l lower on turnover of
1l,45O tons. A little Cuban support
in May, 194l. delivery and refner
buying helped prop prices but ag-
gressive action was curbed by the
tone of spot.
World futures closed 1-2 lower to
II higher on sales of 10,350 tons:
July 1.49 ID bid, Sep 1.49 IL bid.
Trade and Cuban buying balanced
producer liquidation against Il
May delivery notices. May expired
at l.49 IL, off ID.
Sales al 2.81 cents a pound es-
tablished a new spot price in avs
at a decline of four points. Duty
paid Cubans we're offered in port
at 2.S5 while Puerto Ricans and
Philippines ranged from 2.85 to
2.95.
Eastern refiners continued at
4.oO cents in quiet trade.
No, 3 range follows:
The Wilmington morning star., 1940-05-02
New;
RICHMOND LIVESTOCK

RICHMOND, Va, May l. Cp -
Observation-Disclosures. Good
and choice 180-225 lbs, 6.0O-6.2o top.
1OO-12O, 4.2O-4.70; 120-140 lbs. AIS
$40; 14O.16O lbs. 5.4O-5.70; 16O-1So
lbs, $4,000; 225-250 lbs, 5.e0-6.o0;
25o-3Oo lbs, 5.30-5. 80; over 300 lbs,
5.O0-5.50. Sows under $50 lbs, 4.45'
1896; over $50 lbs, 3.95-4.45.
Cattle - steady. Lambs-12.0o
downward; Gamers and cutters 4.25-
5.25.
vealers-1O. 00-11.O0; common 500
900.
The Wilmington morning star., 1940-05-02
british REVERSES
NOTED BY TRADERS
,,obten Holdings Of Many Of
The Shares Associ-
ated With War
:. GARDNER

NEtV YORK, May 1@f-Stocks
o+ed oyer a wide front today In
.,ose step with reports OF British
..vprses in Norway.
rraders. made timorous by the
-~.lsihilitv of a major Allied defeat,
,,.brened holdings of many of the
ta,es associated with war. Steels,
.,rcrafts, motors and metals were
.n,onr the heaviest hit.
some analysts, seeking a basic
"son for the decline of the war
n.h;es" said operators believed a
carmap victory in the Scandinavian
'rnaign might make for a peace
"niah would leave the dictator coun-
.,iae supreme in Europe, with a con-
la,ont disruption of international
trade. ,.,,.a RI
sell.off, it apparently was not
''t toar taken seriously by the stock
sold;ne public, for only SoS'2So
lSares changed hands. Even SO, II
sa a bigger day than yesterday
r,seu but 5s2,2sO shares were radea
rho Associated Press average OF
.a1octad stocks took its biggest
w. since January IL, slipping %
of a point to 49,.
The dominating force OF the wal
=. the market was APPLY illustrated
h III the fact that both the steel mi
os .,ion industries were issuing "falr
.otberp reports. Steel men salo
ordars we're picking up; the ava
w, neople told of a IS per cent m
. om in air travel and u~nparaliei'
" hack,ogs of orders for new planes
"a their share prices went down.
prominent among the losers were
6 steel, Bethlehem, u. s. Ruo'
sor case, douglas, United Aircraft
e CIV, American Airlines, Western
,4nion General Motors, Chrysler'
Tnnnecott, International Nickel, Du'
Don't Union Carbide, Johns'Man'
,;l, e Loft. Western Auto supply
,nd montgomery Ward. The last
tn.a touched new lows for the year.
stocks in the curb did no better
with transfers Of 21S,ooo SHARES
oomnared with 22o, 900 yesterday, de-
Swing issues included Bell Aircraft
1anss G. Laughlin steel, American
Aluminium, Puget Sound Pulp q
timber and Great Atlantic q
Pacific. etc.,,
nrices we're up from the worst levels.
Commodities tended lower. Whea'
~ chicago closed 1 10 to 2 10 cents
a bushel off and corn was By TO
"a cent down. Cotton closed 5 cents
hale higher to 10 cents lower.