davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-12-27
Harmony Is Essential
For Defense Program,
GirdIer Declares
Holders Told Company
And Labor Must
Work Together
BY the Associated Press.

BY the Associated Press.
CLEVELAND, Dec. 27.-Declaring
the steel industry is devoting itself
to the national defense effort with
out stint" Chairman T. M. Girdler
and President r. J. Wysor told Re-
public Steel Corp. stockholders to-
day:
The course for essential industry
to pursue is clearly charted. Man
agement and employees must work
together and in complete co-opera-
tion with the Government to the
single end that the production of
the necessary materials for national
defense may be insured"
The Republic officials joint re-
marks were contained in letter to
common stockholders, who received
a 40-cents-a- share dividend, the cor
poration's first common payment
since August, 1880.
I'VE cannot measure at this time
the sacrifices which we as a Nation
or as individuals may be called upon
to make" said Girdler and Wysor
This does not mean that we are
in danger of the deprivation and
starvation suffered in many coun-
tries of the world today. 1t may
mean that the necessities of the de-
fense program will not leave sufn-
cient surplus materials to provide
for greatly expanded everyday re-
quirements."
Evening star., 1940-12-27
Budget for Defense
Next Year Forecast
Al $10,o0O,0Oo,oo0
President to Discuss
Figures With Director
At White House Today
By the Associated Press.

By the Associated Press.
President Roosevelt expects to get
an overall budget total for defense
expenditures in the next fiscal year
estimated in authoritative quar-
ters at about $4,000 600, ,000-in
talk today with Budget Director
Harold D. Smith.
The President, telling his press
conference of this expectation, said
he had not yet seen an overall
figure. Mr.. Smith was to be re-
ceived at the White House shortly
after the press conference.
Mr.. Roosevelt has announced
that he wants to cut non-de-
tense expenditures ito the bone"
On this basis, many officials as
sumed that such spending might
be held under $6,000,O 100000, giving
budget total of nearly $16000,-
000, 1000.
This would make the budget the
largest in American history except
for the last year of the World War,
when $18 522 1906 900 was spent. The
deficit that year was $13, ,370, ,638, 900.
New Taxes Expected.
On the 194l revenue side, officials
limited at an $4,000, 100000 estimate,
which would mean a deficit of
equal size unless more taxes were
authorized Secretary Morgenthau
has suggested more levies, and
other Treasury sources indicated
that a new tax bill to raise at least
$1,000 100000 was being drafted.
/ The $4,000, 100000 defense esti-
mate for the year beginning July
l, 194l, was said by officials to be
based on the acceleration of the cur
rent preparedness program. Last
July expenditures were $177 ,391 ,78l;
in August, $199 ,251l26: in Septem-
ber, $218,432, ,482; in October, $685.
855 1868, and in November. $685., ,233,-
578.
I The December total is expected
to be s4OO,0O0,000. Administrative
schedules call for about S500000,0 900
in January, and a s50,00O.000 in
crease each month until the total
next June. last month of the fiscal
year, is expected to be $750000, 900.
1888 0OO, 900 Monthly.
At this rae, officials figure, ex-
penditures ought to reach the $685.
900 900 monthly average necessary to
fulfill $10O0o,00000O estimate for
the next year.
The President also is making a
final revision of estimates for this
fiscal year. Last January he sent to
Congress a budget proposing S8,424,-
191,570 expenditures and s5,547 $780,
900 revenue, plus s700000,00 capital
recoveries from governmental cor
porations. The indicated deficit was
$2,176,231,570.
1t was late spring before the de-
fense program was inaugurated,
causing billions of new appropria-
tions and two new tax acts.
The last official estimates for
this year called for s12058, 900 900 in
expenditures. Revenue was figured
at s6,367 100000. plus whatever the
new excess profits tax brings in, es-
timated by some Congressman at
$1,000, 100000.
Actual expenditures from July
through December 81 were S4,82l.-
218,725: revenues, S2,842 ,223 ,345, and
the deficit. s1,978, ,995 $3.50.
Evening star., 1940-12-27
Eliot
Continued From Page abb

world initiative which could not be
wrested from her. 1t is only by con-
tinuing the struggle now, by
capitalizing upon present and in
creasing German difficulties, by
keeping British resistance alive for
the moment, by passing presently
from the stage of resistance to the
offensive to the possession of the
initiative, that the free peoples of
this world can hope once more to
know a freedom unchallenged, a
surcease from fear, a new dawn of
hope.
1t may be that even so Germany
will win more battles, but she cam
not win decisive victory unless she
is now granted a breathing space.
She can be presented with victory
if we are weak and irresolute enough
to be deceived by the fair words
which were addressed in turn to
Austria, Czecho-Slovakia, Poland,
Norway, Holland and Belgium, as
well as to France and Britain.
This is Hitler's brightest hope;
against it, however, is ranged foe
which Hitler, with all his genius
and all his psychological institutes,
has never encountered and cannot
understandable sound basic horse
sense of the American people. It
is this horse sense which will pres
emily reply not only to Hitler but
to those blind and foolish ones
amongst us who are now, unwilling
ly for the most part, playing Hitler's
game and crying peace, peace, ;"
where there is no peace or hope of
peace, save such peace as is granted
the slave beneath the yoke.
(Copyright. 1940J
Evening star., 1940-12-27
November Exports
Below October, but
Imports Gain
Export Excess for II
Months Highest in
19 Years

United States exports in November
were valued at 1928, 900. a S per
cent decline from October totals, the
Department of Commerce announc-
ed today.
Imports into the United States.
valued at S223,000,0O0, increased
per cent over the October figures,
and reached the third highest total
for the year.
War materials represented about
two-fifths of the November exports
Although shipments of aircraft and
metals dropped off as compared with
October, exports of war materials
amounting to $130,000,000, were
double the value of the November
1899, shipments.
For the first Ii months of 1910
exports were valued at $3,7 700 900 900
the largest total for any comparable
period since 1929 Imports totaled
s2,400 100000 for the II months. The
department estimated that the net
export balance of merchandise for
1910 will approximate $1,400,000 900,
the largest excess of exports over
imports of any year since 1921.
The increase in export trade dur
ing 1910 resulted largely from the
expansion in shipments of rela-
lively few commodities-especially
aircraft, machine tools, iron and
steel products, and non-ferrous
metals" the department added. "The
Allied Powers purchased heavily of
these products through June, and
shipments to the United Kingdom
have remained heavy in recent
months. Moreover, exports to Latin
America and Canada of various COM
modities have increased during the
year."
Evening star., 1940-12-27
Court Powers Upheld
In RoiI Tax Case

By the Associated Press.
ST. LOUIS. Dec. 27.-Federal
courts have the power to determine
the validity and amount of State
taxes levied against a bankrupt rail-
road, the Eighth United States Cir
cult Court of Appeals held yester-
day.
This authority is "vitally neces-
sary," the court said, in order to
accomplish the purposes of reor-
ganization proceedings.
The opinion was handed down in
a dispute over jurisdiction between
the State of Arkansas and the Mis-
souri, Pacific Railroad, which is op-
posing an assessment of $28,050, 900
on its Arkansas properties for 1899
taxes. Counsel for Arkansas con-
tended the railroads remedy was in
the State courts.
Evening star., 1940-12-27
Foreign Exchange

NEW YORK, Dec. - lPl.-The Canadian
cents today after Thursdays moderate
Foreign exchange dealers said that in
he present thin market. prices were sensi-
tive to normally small business.
The Shanghai dollar improved OF OF a
cent at 5.64 cents. while the Hong Kong
currency dipped to 23.76 cents Other
chief rates were unchanged.
Late rates follow tGreat Britain in dol
lars others in centsl:
oficiai Canadian Control Board rates
for United States dollars, buying 10 per
cent premium, selling l l per cent premium,
equivalent to discounts on Canadian dol
lars in New York of buying 9.91 per cent,
selling Q % per cent.
Canadian dollar in New York open
market, 1924 per cent discount or s6.371a
| United States cents.
Great Britain. official Bankers Foreign
Exchange Committee rates., buying 4.02,
selling 404: open market. cables, 404;
Germany. -4007n tbenevolenp. $40: Fin
iifass7n; italy, sos: Portugal, 4oi;
slavia. 235n.
Argentine oficial. 2a.77 free % so;
Brazil official, sos; free, sos: Mexico,
2O75n.
s. 5apsn;, ssss, Ea, as,4s; Hong Kong 1876
N CRates in spot cables unless otherwise
indicatedD Nominal
Evening star., 1940-12-27
Franklin
manned one of the most refreshing
influences in the newspaper world.
White Called Stalking Horse
Continued From Page A-13)

mained one of the most refreshing
influences in the newspaper world.
White Called Stalking Horse
Yet his mere existence has served
as a stalking horse for influences
which are far from progressive. 1t
is notable that, in any national cleo
ton, Mr. White tends to support any
Republican against any Democrat.
1t is also notable that in his speeches
Mr.. White nearly always seeks the
way to a friendly ovation rather
than voice unpalatable truths in
uncompromising terms. During the
last campaign he was useful in that
he helped to keep the Willkie can
didacy in line for Roosevelt's foreign
policy, but the end of the campaign
has also lessened his usefulness.
Now the appeasers are organizing
In both political parties as BIZ
partisan pressure group with ample
funds, intelligent leadership and
well-organized publicity. Under
these circumstances the Aid-Britain
Committee needs leadership of a
more alert and aggressive character.
1t needs a chairman who will not
reduce the movement to the level of
intellectual bankruptcy by attempt
ing to achieve a total end-British
victory-by limiting, in advance, the
means of achieving that end
If the survival of Great Britain is
of vital Importance to the United
, States the white Committee" must
be prepared, in case Of necessity,
openly to advocate American inter-
vention in the war. The necessity
for such a policy is not yet clear,
particularly in this age of unde-
clared war, but William Allen White
has forfeited his right to head the
movement which may, within 80
days, feel compelled to urge pro-
gram of total aid" to England
without quibbling over international
law or isolationist prejudice.
Evening star., 1940-12-27
New York Produce

NEW YORK Dec 27 LP,.--Egss. 1882,
irregular Mixed colors: Fancy to extra
fancy, 25a4-27h: extras, 25ls: srsdeed srnsnded
firsts, 25: seconds 23-23la; mediums, SS2SNa;
dirties No l. 22A; average checks, 2OA-
21A Refrigerator fancy to extra fancy,
24-2412; extras 23-2312: standards. 22E:
Esna; diums, SoIsaH dTtiss SssaneSl s So~ me-
Butter 1.O20.423 unsettled. Creamery:
Higher than 90 score and premium marks,
331a-34A: 90 score, cash market, 1898 I;
1921 score. 1898 S4-S7 score, 29h-31 ".
Cheese 133,543. about steady. Prices
UNCHANGED
Evening star., 1940-12-27
Chicago Produce

CHICAGO. Dec. - R,.-Poultry. live
receipts. cars, one in, one due; SO trucks.
pounds and under, IS: Springs, 4 pounds
up, Plymouth Rock, 81 "a; geese, IL pounds
down, IA: over IL pounds, 1915: capons
7 pounds up "a; under Z pounds, %
slips 20: other prices unchanged.
Butter. receipts sS1 90 flrmer
32A: 80. 80: 80, 31A; sS, 3Ok: 90
centralized carlots. 32H: other prices un'
changed
graded extra f1rsts, 23h; frsts, 221a: re.
frigers@tor @ extras: son; refrigerator stand
ards; 20M; other Iir prices unchangsdt igedt gro
total q. S. shipments, 267; supplies rather
heavy demand very slow: dull and weak
sacked per cwt. Idaho Russet Burbanks
q. S. i. 1.40-45; Minnesota and NORTH
Dakota Cobblers, 70 per cent or more u. 8
/. O.s7h-1. .O5; Nebraska Bliss Triumphs
or more u. S. 1. 0.90-1.35; Wisconsin
Round White, q. S. l, 100.
Evening star., 1940-12-27
Need for Divertinq
Private Credit 10
Government Seen
Some Expedient Such
As Liberty Bond Sole
Moy Be Required
BY the Associated Press.

=
CHICAGO, Dec. 27.-David M
French of the University of Michi-
gan political science department, as
serted today that as the Nation ap-
proaches full national employment
"every effort must be made to divert
an increasing amount of private
credit to Government use rather
than to expand bank credit further
by continued sale of Government
securities within the banking
system"
In an address at the annual meet
ing of the American Political Science
Association, he said that it may be
necessary to employ "some expedient
such as that of the Liberty Bond
campaigns that served we'll in the
first World War to induce and utilize
private savings"
No Impending Imitation.
The defense program" he said,
has not yet developed to the point
of impending imitation. AS yet, off,
cial restraints are not necessary to
curb credit expansion. Although the
increasing utilization of credit capac-
ity is being closely observed, condi-
tions of full employment have been
reached only in certain restricted
fields of production.
The situation today is hardly
comparable to that of 1917, in that
we now inherit from the depression
a certain amount of unused capacity
of manpower, plant and resources.
At least for the first full year of de-
fense activity the administration
can we'll afford to sanction an ex-
panslon that must lead to a growth
of national income.
Increased Tax Yield Seen.
The favorable results foreseen for
this development are first, a reduc-
tion of Government welfare require
mentS, and second, a considerably
increased tax yield even at present
rates of Federal taxation. Thus. the
first effects of the present defense
program will be to increase ma
terially the Federal Governments
capacity to maintain the unusual ex-
penditures involved
Prof. Wilson L. Godshall of Le-
high University said that the end
OF the japanese Diet appears to be in
sight,
Its passing need occasion no great
distress if one recalls the minor part
which it actually has played in the
government of Japan. Its parties
never successfully espoused or ef-
fectuated principles of politics"
Harold ]. Noble, associate professor
OF history at the University of Ore
gon, told the meeting that Korea,
under Japan, is rapidly becoming a
land Of barracks and military rule.
Evening star., 1940-12-27
Retail Trade Scars
To Highest Levels
In Ten Years
Heaviest Income Flow
Since 1880 Boosts
Store Volumes
By the Associated Press.

By the Associated Press.
NEW YORK, Dec. 27.-Business
was described by Dun g. Bradstreet
Inc, today as "at the best level in
a decade"
In its weekly trade review the
mercantile agency said: with
striking increases over last year
retail trade is keeping pace with a
record volume OF production and
the heaviest income flow since 1880
"An outstanding feature of the
comments received from various
sections of the country this week
ses the stress on the wide distribu-
ton of the gains. All major shop
ping centers report some advance
over the 1889 level of retail trade
with the Christmas period climaxed
by an Unexpectedly heavy splurge OF
last-minute buying.
Although promotional emphasis
dwindled sharply in the last few
days, the heavy influx of shoppers
continued to tax store capacity In
volume of goods moved, number
of cities found sales exceeding all
previous records.
LAS rule, stocks held fairly we'll
although some retailers, particu-
larly in rural areas, reported buSi-
ness lost because of inadequate Sc
lections. Items on which inven-
tories ran low included nylon
hosiery, metal toys, gloves, robes anc
mufflerS.
Retail sales increases over year
ago, which have been running at
better than per cent since the
start of the Christmas shopping
period, jumped to to is per cent
this week.
Biggest gains occurred in indus
trial and in military training CEN
ters, with the improvement most
substantial on an average in the
Middle West and South.
Regional percentage increases
compared with the 1899 week were
estimated as follows: New England,
5 to 10; East, to Is; Middle West
and South. II to 18; Southwest, 6
to II; Northwest, to 9; Pacific
Coast, to TO-"
Evening star., 1940-12-27
Fust Wins Sect Well

When the Harijans, a religious
sect. we're denied the right to con-
struct their own we'll in the village
of Moth, India, Bhagat Phul Singh,
a prominent social worker, staged a
hunger strike. At the end of the
10th day the authorities granted a
permit for the well, and Singh broke
his fast, according to reports re-
ceived in Delhi.
Evening star., 1940-12-27
British Imports Down
Sharply in November

Ey the Associated Press.
LONDON, Dec. 27-British i'm
ports totaled f72,93O,OO0 during No
vember, compared with f85,O960OO in
October, preliminary report by the
Board of Trade showed today.
Exports of British products in No
vember were f21,66O00O, against
f23, 100000 for the month before
Re-exports came to f720,000, bring
ing the total of all exports to f22,-
100000 and the excess of imports
over exports to f50,550000.
Evening star., 1940-12-27

following the usual seasonal pattern.
The decline, however, was slightly
larger than usual for the week. -
Biggest drops occurred in mis-
cellaneous freight, less-than-carlot
merchandise and grain. The Asso-
ciated Press seasonally adjusted in
dex of loadings, based on 1929-30 as
100, declined to 795, compared with
80,1 the previous week, and 74.3 a
year ago.
1910. 1899 1885 1887. 1894 80.
EoW s5sh s45 s9.5 5s:S 5ss 81 81 s$S s$$5 Ss5 Sa5
Evening star., 1940-12-27
Chicoao Livestock

CHICAGO. Dec. ~ ZAP, Omitted states
Department Of Agriculture) :.,Salaple hoes,
Il 900: total. 17,5O0: opened steady to 10
lower than, than o1 Bulk sood
go S7o-pound butchers, 6;s5.7 10; bulk
$50 so-330-pound averages. 650-s0; good
5.s5"s.i0; heavier Kind. 5.50-75
Salable cattle, 1900: calves 800: limited
supply fed steers and yearlnss strong: IN
1913; Is few loads, II .5o-Is 50: With bSlk ~
common and medium grades, S.5O-1l 90;
ali buying interests in market; another
healthy trade on fed heifers several loads
and odd lots. 9.75-11 80: latter kind made
top on strictly good grade: common kind.
6.75:s .o0;,, both large and small Killers
bought all grade, ,, COWS y, 19lo AZ alTnsr snners
bulls; practical top weighty sausage bulls,
7.75, with 500 paid for outstanding oner-
ings and very few light kind under 6.75;
vealers Arm at i 1O0-12.00 mostly; choice
selects making 1925 and 1880, .stocker
trade slow, killers taking everything fat
enough to shsss slssgtsr total 10 800 late
Thursday, fat lambs strong to 15 higher:
few loads choice handyweights 9:90-10. 90;
to good kind mostly 925-60: summer
shorn lambs, 900 and 9.25; choice lamb
weight yearlings,, 900; today's trade. fat
lambs fairly active. around steady: bulk
Sssnt. anS f.a ss hsnd ssys5 and few nesan nsas
better. kind held higher: few medium to
good kind e.25-50: summer. shorn lambs,
9.OO-25: medium yearlings, s.25 and $50;
mali lots native ewes, 3.50-4.00.
Evening star., 1940-12-27
Chemical SoIes Help
Offset Heavy Toxes
BY the Associated Press

By the Associated Press.
NEW YORK, Dec. 27-Steadily
increasing sales volume is helping
to offset the burden of heavy excess
profits taxes on earnings of the
chemical industry, Wall street
analysts said today.
Profits reported for the final quar-
ter of the year are not expected to
be as large as in the first two
quarters but would make a favorable
showing, analysts believe, in COM
parison with the third quarter.
Evening star., 1940-12-27
Brokers' Looms Drop
$4,000, 900 in Week
B, the Associated Press.

By the Associated Press.
The Federal Reserve Board re-
ported that last weeks loans to
brokers and dealers on securities
held by reporting member banks in
New York City totaled $387 ,000, 900
For the week ended Wednesday
the total represented a decrease OF
S13 100000 when compared with the
previous week.
Loans for the corresponding week
year ago totaled 1851 100000.
Evening star., 1940-12-27
Rail Loadings Hold
rs Per Cent Ahead
OF Year Ago
Holiday Cuts Volume
49, Per Cent Below
Previous Week
By the Associated Press.

By the Associated Press.
The Association of American Rail-
roads reported today 7oo,242 cars OF
revenue freight we're loaded during
the week ending last Saturday
This was a decrease of 5000 cars
or 40 per cent, compared with the
preceding week; an increase OF
1880, or rs per cent, compared
with a year ago, and an increase OF
126, 6,044, or % per cent, compared
with 1888.
The report classified the loadings
as follows.
Evening star., 1940-12-27

q Also extra or extras.
Declared or paid so far this year.
ciation Of Securities Dealers Inc. which
states they do not necessarily reject actual
transactions or Arm bids or offers but
Evening star., 1940-12-27

Quotations furnished by National Aaso-
ciation OF Securities Dealers. Inc. which
states they do not necessarily reflect actual
transactions or firm bids or offers, out
should indicate APPROXIMATE prices, and
unless otherwise indicated. are as quoted
by the sponsors or issuers.
mot quoted by sponsors or issuers.
Evening star., 1940-12-27

Nearly 1900 karakul sheep are
being reared at fur farms in Nor
way.
Evening star., 1940-12-27
Washington Exchange
SALES,

SALES.
Real Estate Mortgage g. Guaranty
pfd-50 at 63s.
Washington Gas Light common
100 at 22ss; 40 at 223s.
Evening star., 1940-12-27
London Tin Prices

LONDON, Dec. ~ R.-Tin. quiet; SPOT
1855 los bid, f2b7 asked; future. $3.50 ISL
bid $3.50 asked.
Evening star., 1940-12-27
Investing Companies

NEW YORK. Dec - tP-National As.
sociation Securities Dealers, Inc;
INnnn nnnt afinns
Evening star., 1940-12-27
Federal Lund Banks
New York Bof Silver
NEW YORK. Dec.

NEW YORK, Dec. 81 (P,.-Bar
silver, 34% unchanged.
Evening star., 1940-12-27
sEx dividend

tPius extras e% extra. s14.O0 extra
m MS 81 so extra. ST 90 paid September so.
1910 So 90 paid in 1889 t ST 90 paid
In 1940. vS1 90 extra paid January,
1910. yS10.00 extra. h $500 extra.
Evening star., 1940-12-27
Insurance Stocks

NEW YORK Dec. 27 tP.-Nationa As
sociation Securities. Dealers, Inc.
Evening star., 1940-12-27
U. S. Treasury Notes

NEW YORK, Dec. 27 0P.-Prices quoted
in dollars and thirty seconds.
Evening star., 1940-12-27
United States Treasury Position

BY the Associated Press.
The position of the Treasury Decembe
Glacier County chief. [volume] (Browning, Mont.) 1931-1940, 1940-06-28
Tuberculin Test Program
Finished i'm So Counties

The Montana tuberculosis associa-
ton has announced completion of its
tuberculin testing and X-ray program
in So of the Sc Montana counties.
Twenty of these counties have made
this program an annual health meas
ure for their high school students. The
work has been financed with funds
from the Christmas seal sale. Only
four counties in the entire state have
never had the tuberculin test.
The annual report of the association
shows that last year 5000 tests were
given.
OF this group, 1892 were found to
be infected with tuberculosis germs and
required an X-ray picture Of their
lungs.
In terms Of community health, this
means that If they had not had the
tuberculin test and discovered their
infection, these 1922 young people
might at some future time break down
with tuberculosis. For tuberculosis is
a young peoples disease It is the
number one killer Of the 25-45 year
age group, which takes in the young
mothers and the breadwinners Of the
tuberculosis Is communicable dis