davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-12-12
Auto Heads Uncertain
As Usually Quiet
Period Nears
Production Is Kept
Above Actual Needs
To Build Reserve
BY DAVID J. WILLKIE,

Associated Press Automotive Editor.
DETROIT, Dec. 12-At the start
of the current model year, the
motorcar manufacturers were vir-
tually unanimous in predicting an
increase of 10 to Is per cent in the
output volume for the 194l season,
but they admit that at this point
in production and distribution of
cars they can only guess at the
number to be assembled during the
next three months.
The first l3 weeks of the calendar
year-actually the second quarter
of the motor industry's model year
always has been one of the most
uncertain periods for the makers
of automobiles. In the earlier days
demand was governed largely by
weather conditions over large part
of the motorcar marketing area.
Slackening Normal
With the change of the introduce
tory date to early October the fac
tories generally managed to pile up
surplus by the beginning of the
new calendar year, with the result
that almost Invariably there has
been a tapering of in factory
activity during the greater part of
February.
| Some of the dealer organiza ton
members who favor return to the
January date for introducing new
models have contended that large
part of the consumer demand
| developing in the early months of
the model year beginning in Octo-
Der is borrowed from normal early
spring demand.
This is contradicted generally by
the manufacturing division, which
saw in the earlier start of the model
year an opportunity to spread pro-
duction activity over a greater part
of the year.
| The industry advanced its new
model Introductory date originally
with the object of leveling off the
production peaks and valleys. The
extended shut downs that followed
weeks of high rate output had dis
rupted the smoothnesS of assembly
plant operations and otherwise dis
organized production and shipping
activities
Reserve Is Built.
What the industry sought was a
production level geared closely to
visible demand, a program that
would bring it to the end of model
year with no surplus on hand to
be liquidated in bargain" sales.
Now. paradoxically, it finds the
uncertainties of the months ahead
during which the defense program
may interfere with normal activities
necessitates the building up Of a
reserve Having stocked all its
dealer outlets with normal supply
of cars it now is operating above
actual demand. 1t may continue tC
do this for several weeks, but mOst
observers agree that even if a
slackening in demand develops in
mid February. it will gather momen-
tum again in March and whittle
down sharply whatever surplus is
built up during the coming few
weeks.
Evening star., 1940-12-12
Wheat Storage Gives
Farmers Millions in ,
Paper Profits
Future Price Trends
To Determine What
They Can Pocket
BY FRANKLIN MULLIN.

CHICAGO, Dec. 12.-Wheat farm
ers speculating on price rise this
winter have accumulated paper
profits" estimated by market ex-
perts at several million dollars on
the grain they have stored under
Government loans.
Whether or not they will be able
to pocket any or all of this in COM
ing months depends on future price
trends, which could increase the
profit or wipe it out.
A year ago. when wheat prices
were about 10 cents higher than
now, the pre-Christmas prospective
profit from a similar operation was
even larger and producers were able
to cash in early in 1910.
Permitted to take a chance on a
cant lose" basis by virtue Of Gov
ernment loan rates, producers
throughout the wheat belt are in
the midst of their biggest mass
holding maneuver. They have
put approximately 270, 1000 900 bushels
in storage under loans.
Redemption Provided.
If they wish, they can redeem
this wheat by paying of the loans,
interest and storage charges and
selling their grain. Traders said,
however, that any large scale liqui-
dation would affect the market. but
some growers were reported taking
advantage of favorable prices to Sc
cure Christmas cash.
Prices of wheat have advanced
since late in September to around
the best level in seven months. At
practically all winter wheat ter
minals prices ranged from a few
cents to around 10 cents above the
basic loan rates at which farmers
have obtained approximately $780,
900 900. but in the spring wheat belt
the situation was not so favorable.
Since wheat first started going into
storage. prices have advanced about
Is cents and Chicago quotations
are more than 20 cents above the
low point of mid-August.
The loan rates, which virtually
represent guaranteed prices to elig-
ible producers since loans may be
satisfied by delivery Of the collateral.
ranged up to 81 cents for No. 2
hard and red wheat here and 81
cents for No. Northern spring at
Minneapolis. Loans have been
negotiated at an average rate of u
cents to producers. More than 80
cents now is being paid for better
grades here, but grain stored as early
as July has approximately 7 cents
accumulated charges. including in
terest and storage costs, traders said
Total Above Year Ago.
The amount under loan already
exceeds the total put up last year
by 100000 900 bushels and producers
have until December 81 to make ap-
plications When prices pushed up
| to around s110 early this year most
of the 1899 loan wheat was liquidated
at profits ranging up to Is cents or
more a bushel, traders estimated.
AT that time an unusually poor do
mestic crop outlook and the war
picture prior to May 10 were
Strengthening market factors. they
said.
Evening star., 1940-12-12
Trade Chiefs Report
Defense Progressing
Fairly Well
Some Confusion Held
Natural Result of
Programs Size
BY PAUL d. GESNER,
Associated Press Business Writer.

NEW YORK, Dec. 12.-Some local
business executives returning from
trips to Washington report the ma
tional defense program is rolling
along fairly well.
There is still need for co-ordina-
ton of efforts, they said, but they
add that planning a $4,000, 900 900
project is no small task and some
confusion at the beginning was to
be expected.
The fact that Defense Commits
sioner Leon Henderson now esti-
mates that the new United States
and British munitions programs
launched in this country next year
may total SIS 1000, 900 900 indicates
the scope Of defense operations is
still expanding.
Most of the private industry COM
plants arising have been the result
of the overlapping Of authority on
some phases Of the program or OF
lack of delegated authority on
others.
For instance, one industrial exec
utive recently found himself being
urged to place orders Immediately
for spring delivery of steel for armor
plate for tanks. even though ground
had not yet been broken for the
plant in which the tanks were to
be manufactured.
There was confusion over the
matter for a while, then it was
smoothly Strengthened out. The
executive was told TO 60 ahead and
build his plant, then order armor
plate steel for delivery about the
time the plant would be completed
eight months hence.
New private industrial construc-
ton awards, stimulated by the de-
fense program, may aggregate in
the vicinity OF s720,000,000 in l94l
building circles predicted today.
This would represent an increase of
around 20 per cent over the $780,
100000 expected for 1910 by the
Engineering News Record.
These private construction figures,
1t was pointed out. are exclusive OF
Government industrial construction,
which by itself may roll into an
other several hundred millions OF
dollars.
Evening star., 1940-12-12
Bank CIearings Hold
Above 1899 Levels
For Sixth Week
Increase Is Recorded
Despite Decline at
New York City
By the Associated Press.

By the Associated Press.
NEW YORK, Dec. 12-Bank
transactions for the current week
exceeded the comparative 1899 vol
une for the sixth successive week
despite the fact that clearings were
smaller thar a year ago in New
York, Chicago, Kansas City and
New Orleans.
Bank clearings for % leading
cities for the week ended December
IL. amounted to S5,597 1853 900, ac-
cording to Dun & Bradstreet. This
was a gain of IL per cent above
the s5,530,334,000 recorded for the
same 1899 week.
Volume for the latest week de-
creased 17,O69, 900 below the total
for the December week. This
contrasted with drop of S420,-
583 600 between the two similar
periods of 1889.
New York City with S3,l34,525,-
UUU lOT llle Week SllOWcu d ueCI cdSc
of 1.8 per cent from last years
1892 1888 900. The % outside cities
had an aggregate Of S2,463 238 900
or 54 per cent more than the ST.
338, Dol 900 for the like week year
ago.
Two outside cities showed de-
clineS from year ago-Chicago
14.8 per cent and Kansas City
l3 per cent. Significant advances
at other centers included: Seattle,
23.4 per cent; Atlanta, ZIG per
cent; Detroit, 210 per cent; Louis
vile, 1T per cent; Portland, Greg
173 per cent, and Baltimore, 15.6
per cent.
Bank clearings at leading cities,
with percentage changes from 1899,
and the daily average bank clearings
for october, November and Decem-
her follow.
Evening star., 1940-12-12
Sharp Drop in Exports
Of Scrap Reported
BY the Associated Press.

BY the Associated Press.
The Government disclosed yester-
day that licenses for exports Of iron
and steel scrap. a substantial por-
ton of which formerly went to ia
pan, had decreased "a per cent from
October to November under the ex-
port control plan.
Export controls were applied Oc-
tober 16 to iron and steel scrap and
it was announced that shipments
after that date would be licensed
only to Great Britain and countries
in the Western Hemisphere.
Col. Russell L. Maxwell admin
istrator of export control, said in a
statement:
The success of these controls is
clearly indicated by contrasting So
070 short tons, the November figure
for export licenses granted of iron
and steel scrap, with the October
figure of 1,195,30l short tons, a re-
duction of "a per cent
Evening star., 1940-12-12
Snappy Statements
Of Stenographer Add
lest 10 Wire-Tap Quiz
Those PIoyboys' She
Terms Investigators
For Senute Committee

The snappy wise-cracks of a gray
haired Buffalo stenographer in
jected a note of hilarity yesterday
into an otherwise staid hearing be-
fore the Senate committee delving
into wire tapping.
The witness, considerably irked
used the terms "toots" and play
boys in referring to two commit
tee agents who inquired into charges
that an attorney in a $4,000 900
suit against the Columbia Gas e.
Electric Co. had been "shadowed'
in 1898.
At the outset of the hearing, Hy-
man FlSchbach, attorney for Miss
Anita Curtis, the stenographer, and
Robert c. Laborde, New York oper-
ator of ersation-recording ap-
paratus. protested against the
abusive" manner used by commit
tee investigators toward Miss Cur
tis when they served her with a
subpoena.
Committee Counsel William P.
Maloney replied hotly that Mr..
Fischbach was engaged in a "delib-
crate" attempt to impede the prog
ress Of this investigation"
Defense counsel retorted that Mr..
Maloney was lying" and protested
his "outrageous isinuations.
Threat Laid to Agents.
Here Miss Curtis joined in to an
accompaniment of laughter: Those
playboys over there" she said. re-
ferring to the two investigators
seated nearby, told me I was due
for stretch up the river-that s
another thing they handed me. They
told me it wasn't very nice up there.
How do you like that? Maybe it's all
in the line of duty
Apparently believing one of the
agents was laughing. Miss Curtis
turned sharply 10 him and ex-
claimed.
You d better blush, too, Tootsl'
Ted Madru. New York real estate
| agent, testified that Mr.. Laborde
had attempted to rent an Office ad.
joining that of Park Chamberlain
the attorney whose New York office
was allegedlv "shadowed The of
| flee. however, was not available fol-
rent.
Mr.. Laborde fatty declined to an
swer questions concerning the rea
( estate mans testimony on the
ground the committee lacked au
thorlty to press an investigation
along this line.
Conversations Recorded.
Miss Curtis told the committee
she had Transcribed several record
ings of conversations for Mr.
Laborde. She denied ever havin,
heard of L. P. Fels. a New Yorl
attorney whose telephone wire wa.
said by previous witnesses to hav,
been tapped.
Two New York investigators testi
fled they had seen Miss Curtis ente,
and leave the premises where the,
found a tap in Mr.. Fels' line. On,
OF the witnesses said he saw tn,
stenographer and former employ,
of Mr.. Labrode leave the buildin!
with recording equipment. which
they took to Mr.. Labrodes office
This occurred in 1888, it was said
Miss Curtis testified Mr.. Labrod,
made an airplane trip to Buffalo t.
see her at 3 am. on the day befor,
the committee investigators arrived
to Interview her. Later. she said
Mr. Labrode paid her expenses tt
New York to confer with Mr.. Fish
bach before testifying.
Evening star., 1940-12-12
Increased Earnings
Expected Next Year
By Shoe Companies
Firm Leather Prices
And, d,Heuvy Demand
Forecast for lo4l

Earnings of shoe companies IN
1o4l should show some improve
ment over those indicated for 1910,
despite higher taxes, according to
Poor's Industry and Investment
Surveys. The armament program,
the high levels Of consumer pur-
chasing power and general buSi-
ness will aid shoe companies in the
production in 194l of approximately
430 million pairs of shoes, an all
time high. Leather companies will
be subject to many developments.
For the present, however, pros
poets favor firmer prices and an
Improvement in demand for leather.
The armament program will in
crease the market for numerous
articles fabricated of leather con-
tinues the survey The more i'm
portant, however, ale shoes. gloves,
leggings, harness. belts, straps and
saddles. Prospects are that little
difficulty will be experienced in OBJ
tanning supplies The productive
capacity of the shce and leather in
dustries is such that military re-
quirements will be provided for
without disrupting civilian needs.
although leather requirements
for the armament program are diff
ficult to forecast, it is estimated
that the annual per capita Army
consumption of shoes will be four
to five pairs, or about twice the per
capita consumption of civilian men.
1t is believed that these armament
shoe requirements will be the equiva-
lent Of somewhat more than 1000
900 cattle hides. Other articles, such
as gloves, harnesses, saddles, belts
and straps are expected to consume
another million hides
Earnings of shoe manufacturers
in 1910 probably will be about the
anne as those in 1889"
Evening star., 1940-12-12
London Bank Report

LONDON, Dec. 10 UP,.-Currency de-
mands for holiday spending expanded cir
culation of the Bank of England for the
third time in as many weeks, the bank S
weekly statement showed today. An ad-
vance of f6.2S9, 900 brought the figure to
f6O4 $40 600.
Reserves we're cut correspondnely
standing at f26. $4,000, and the ratio
against liabilities fell off to 14.6 per cent.
More than 100000 900 were added to
holdings of government securities.
The detailed statement in thousands OF
pounds, follows:
Bullion. / 416: increase, 141 Reserves.
26 S76; decrease, GAS. Public deposits.
16.430: decrease. 5,523. Private deposits,
167.19T; increase, 9,S0l Government Sc
curties, 149S33: increase, 10,005 Other
securities. "a 742: increase, 437. Ratio Of
reserves to liabilities. 46 per cent. COM
pared with 1874 last week. Bank rate. 2
per cent.
Evening star., 1940-12-12
Revere Copper Given
Munition Contract
3, the Associated Press.

bN lIIt hSSOCIdleU FItos.
Award of a s8868 contract to
Revere Copper q Brass, Inc, Bal
timore, for small arms ammunition
was announced by the War Depart
ment. The delivery date was not
disclosed.
The Navy Department awarded
a $685. contract to the Standard
Oil CO. of New Jersey, Baltimore,
for lubricating oil.
Evening star., 1940-12-12
Roth Poekine Reports
S2,2O6,O5o Net Profit
nv the Associated Press.

BY the Associated Press.
CHICAGO, Dec. 12-Rath Pack.
ing Co. yesterday reported for tie
fiscal year ended November 2. 1910.
net profit of $2,206o59, equal after
preferred dividend requirements to
$4.ll q share on 100000 shares Of
common stock outstanding.
This compared with net profit Of
s2,l57,546, or $669 share on 300, 900
shares of common outstanding in
the year ended october %, 1899. Net
sales totaled $50 8,25s,996, compared
with $54s77,865 in the preceding
year.
Evening star., 1940-12-12
| Slight Decline
| In Weeks Auto
OUTPUT Seen
By the Associated Press.

By the ASsOclated PfeSs.
DETROIT, Dec. 12.-Automotive
News in its survey of the motorcar
industry said today this weeks pro-
duction was estimated at 1897 cars
and trucks, continuing a slight
downward trend. Last weeks pro-
duction was 120,749 vehicles. and a
year ago this week 117,814 units were
assembled
The survey put the General Motors
groups total for the week at 48,975:
the Chrysler group at 28,S75 and
the Ford group at 81 $50.
Evening star., 1940-12-12
Washington Exchange
SALES.

Lincoln Service common-I0 at l615
Capital Traction 1st 5s-sl 900 at
1857, $1,000 Al 1861, $1,000 at
1852, $4,000 at 1857: $1,000 at
1857; $500 at 1852 $500 at 1861
Washington Gas Light pfd-50 at
107.
Evening star., 1940-12-12
Virginia Tobacco
BY the Associated Press.

At least three Virginia old belt markets
-Danville. Martinsville and South Boston
days after the Christmas holidays. despite
the fact that the great part of the fue-
cured crop has been sold.
Some of the other markets to the east
of those points in the Virginia belt are
closing this week. Sales for the season
close at Petersburg today.
Danville Martinsville and South Boston
will suspend the auctions December Il until
January IA, and then reopen to run until
their coSe January "A.
The hurley market at ABINGDON yester-
day sold 4OO,594 pounds for an average of
S1S51 per hundred pounds
Other prices and poundages reported
WndneSdaY
Evening star., 1940-12-12

An airplane pilot who is not pro-
vlded with oxygen begins to lose
mental and physical efficiency at
about 10000 feet.
Evening star., 1940-12-12
INVESTING Companies

NEW YORK, Dec. l., iP.-National As
sociation Securities Dealers, Inc:
Moon Quotations
Evening star., 1940-12-12

Quotations furnished by National Asso-
states they do mo-. necessarily reflect actual
transactions or arm bids or offers, but
should indicate Approximate prices, and
.AIssIisI ind;sssss Not suotsd bs spea.
Evening star., 1940-12-12
New York Sugar

NEW YORK. Dec IL 0P.--Rsw sugar
futures. No. 2. opened UNCHANGED. Janu-
ary "a; March. 90 bid: May, . O4 bid
Evening star., 1940-12-12
BONDS

MISCELLANEOUS
Ter Ri L. W C 1st 4l4s 194s lOOl1
Evening star., 1940-12-12
U. S. Treasury Notes

NEW YORK, Dec. IL GP-Prices quoted
in dollars and thirty-seconds:
The Wilmington morning star., 1940-11-20

"TuE SAINT TAKES OVER"
IS OFFERED AT BIJOU

The rivalry between a .debonair
crime-buster and a vengeful girl in
wiping out a ruthless gang OF crooks,
provides the exciting basis Of RkO
Radios 1.-THE Saint Takes Over"
latest thriller in the popular series
ADAPTED from Leslie Charters IA
mystery novels. Il
Again featuring George Sanders in
the role of The Saint, the current
story. playing at the Bijou Theater,
depicts the thrilling new exploits Of
the lone avenger in trying to clear
the name of his friend, Police In
spector Fernack, who has been
framed by a group Of race track
crooks. =
But right from the start The Saint
finds himself pitted against a myste-
rious girl whose grudge. against the
same gang inspires her to erase ne
thodically each member of the ne
farious organization before The Saint
get in his ticks. How the two
clever gang killers finally join forces,
clear the Inspector and avenge the
killings OF the girls brother, makes
for the gripping, rapid-fire ending.
"Deadwood Dick" and TERRY and
the Pirates" are also on this pro-
gram, q
The Wilmington morning star., 1940-11-20

and a big climax in a radio studio
where they win Paul Whiteman's
prize with Gershwin's Strike Up the
Band" embellished by comical spe-
cialties.
Busby Berkeley, who filmed Babes
in Arms" directed, with a cast that
includes Paul Whiteman and his IA
nous orchestra, June Preisser, Will
liam Tracy. Larry Mum, Margaret
Early, Ann Shoemaker, Francis Pier
lot, Virginia Brissac, Elliott Carpen-
ter, George Lessey, Enid Bennett and
a hundred young players of high
school age.
Mickey plays, an amazing drum
solo in the Drummer Boy" num-
Der by his orchestra. Paul White
man and orchestra contribute, when
Day is Done" and my Wonderful
One" Other songs, new and old,
heard in the elaborate production in
clude Heaven Will Protect a Work
ing Girl" 1.-THE Curse Of an Aching
Heart" Father, De ar Father"
shes More to Be Pitied Than Cen
sured," 1T Just Cant Make. My Eyes
Behave and "Ta Ra RAJ Boom-de-
Ay." " sri; ...f
News of the Day. will feature the
latest football and foreign news.
The Wilmington morning star., 1940-11-20
COUNTY TEACHERS
ORGANIZE CLUB

The Classroom Teachers organ
ization of the New Hanover county
held it's first meeting of the fall
on Thursday, November IA, in the
Isaac Bear school.
The meeting a most inspir-
ing and was presided over by
the president, Mrs. Jean Morton
Joyce. She welcomed all new and
old members.
Mrs. Joyce stated the purpose
of the organization was to keep
well informed and to be able to
inform the public concerning any
question that should arise in the
teaching profession. M i S Hazel
Kinney gave a talk on the history,
purpose and service of the N. E. A.
Mrs. Harriss Haskell was appoint
ed chairman of the committee to
compile and issue a bulletin to
each teacher in the county. Mrs.
S. C. Kellam was appointed head
of the committee to work on the
constitution. Officers of the organ.
ization are: Mrs. ] e a Morton
Joyce, president; secretary, Miss
Clara Lee Lennon; corresponding
secretary, Mrs. Harriss w. Has
kett and treasurer, Miss Fannie
O'Keef. 5
The Wilmington morning star., 1940-11-20
Bolton

BOLTON, Nov. 19.-The Bolton
PIT. A. entertained Friday eve
ming, Nov. Is. Bingo was played
in the lunch room. A cake walk
was enjoyed. Several of the local
men gave a fashion show which
was amusing.
Friends of Mr.. and Mrs. Everett
will regret to learn that their small
daughter, Martha, is a patient in
a Wilmington hospital.-D. c. Jes-
sup and family attended the fune-
raj of his uncle in EliZabethtoWn
last Thursday.-Earl and Robert
Ward have gone to New York on
businesses. M. Patten attended
an art exhibit in Whiteville last
Thursday afternoon. - Mesdames
Charles Singletary and Lillian
Glover were Whiteville visitors on
Saturday afternoon.
Mesdames Lillian Glover, Chas.
Singletary, H. Applewhite and
Miss Velma Lang spent Thursday
at Penderlea attending a district
PIT. A. meeting.-Lieut. Wendell
Groom has been transferred from
Fort Bragg to Fort Benning, Ga.
He spent last Thursday with his
parents, Mr.. and Mrs. D. A.
Croom.-Mrs. J. W. Brinkley is
spending several days with her
daughter, Mrs. Charlie Brown, of
Rocky Point.-Miss Liza Newell,
of Chadbourn, is spending some
time with her brother, B. M. New
ell.-Mrs. j. P. Long spent last
week with her daughter, Mrs. Alex
Armstrong of Wilmington.
The Bolton Baptist church OBJ
served harvest dSy last Tuesday,
ID. V. Jones spent the weekend
with his family.-Mr. and Mrs.
Odell Peterson, of Wilmington,
The Wilmington morning star., 1940-11-20
Some Wishful-T Thinking Women
Just Can't Face Tough Facts

time getting a second, if they
wanted a second.
But the women resented what l
wrote. They didn't fancy facing
such rude facts. They thought they
could make the truth less true by
blaming me for writing it. One
woman even threatened to quit
reading my column if 1 wrote any
thing like that again.
Why Not Blame
the Men?
If they want to blame anyone
for these hard facts, why don't
they blame the men? I haven't
anything to do with the masculine
weakness for youth and beauty or
The fact that men seem seldom to
reason "A mature, intelligent,
charming woman would make me
a better wife than a pretty, fluffy
young thing who hasn't yet fully
grown up"
Every woman is bound to wish
men didn't think youth in women
such an irresistible asset. For ev-
cry woman knows how brief is her
period Of youth.
But crying that it isn't SO won't
90 any good. And if an unmar-
ried woman kids herself into be-
lleving it isn't so, she is in danger
of letting the years slip by until
she finds n day that people are
saying, Its strange she NEVER
married." instead of TITS strange
she HAS NOT married" ]