davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1940-12-28

could be produced by immense war expenditures and suggested that this would prove that the govern- ment would have to spend not three billion as in the past on recovery, but at least 12 billion.
 The haste, therefore, to get spending under way, will lead the government to put its emphasis on borrowing rather than spending.
 For this reason the secretary of
The Waterbury Democrat., 1940-12-28
REAR ADMIRAL
 GOING ON DUTY

Newport. R. T., Dec. 28-(UP) - Hear-Admiral Harry E. Yarnell. who retired last year, will report at Wash fngton Friday for active duty with the navy department. He said he had not been advised what his du- eaas would be.
 Admiral xarnell was decorated for Nls ability as commander of the Asi- ntie squadron in 1036-S7. He recent E was discharged from Newport naval hospital after treatment for c severe cold.
The Waterbury Democrat., 1940-12-28
BY DIR. CLEMENT S. BRAININ Of the Columbia University
 Observatory Staff

Four eclipses are scheduled for the new year of 1941; two of these are eclipses of the sun and two of the moon. Ane of the two solar eclipses is total eclipse. The date for this eclipse is September Fist and the path of totality runs from the region of southeastern Russia
 north of the Caspian Sea, across China close to the city of HankoW and into the ocean. Considering the world conditions it is not likely that any American or other western
 astronomers will have the opportu- nity of making observations. Rus.
The Waterbury Democrat., 1940-12-28
GERMANS, ITALIANS
 WARN ABOUT AID.
Continued from Page D

(Continued from Page D
 ing the war for Britain and then compared Winston Churchill with a manager encouraging Q boxer who had already been knocked down and was lying prone. waiting to be declared knocked out, in the third round of a prize fight.
 When a man is in such condi- ton in the ring" argued Goebbels, "he does not think of much more than how he can stand on his wob- bly legs @ few more minutes"
 Rome, Dec. 2B --(UP)- Virginio Gayda warned in the authoritative Giornale DTtalia today that deliv- cry of American war material to Britain in United States ships by way Of Ireland would be an open vie citation oe 1nilek States nsN1sAii1V.
 Key Fascist newBpapers said Che United States would risk involving both itself and Ireland In the war |if it attempted to send supplies lo
The Waterbury Democrat., 1940-12-28

(COntlnued rom Page U on all fronts, often at bayonet point through waist-deep snow.
 In the south coastal sector, he said, Greeks charging up from Chi mara captured a village only five miles from the fortified pass com manding the approach to the lower end of Valona Bay. He did not name the captured village but said 200 Italians forming a rear guard there had been surrounded and had surrendered with all their equip ment.
 Capture Villages
 In the TepeEni-KliSura sector of the southeast, the Greeks were re- ported to have captured four more villages and several mountain forti- flcattons west of the Drinos river, in the gnow-covered Sukagora noun tain2 Greek artillery was hauled on sledges around Tepelini and is now smelling the northern ap- breaches to that town, government spokesman said.
 A dispatch from KoritZa said the Greeks had captured three import ant positions in the OstraviSta sec- tor, southwest of Moskopoli, where the Greeks are driving toward Ber- at.
 The spokesman pointed out that in spite of blizzards, 1engthening communications lines and some of the most difficult terrain in Europe, the Greeks still had neither been stopped nor counter attacked suc- cessfully on the whole front.
 Greek Accomplishments
 Although their progress has been less the past month than it was the first month of their furious counter assault that drove the Italians out of Greece and well beyond the AL banian border, a survey showed that since Nov. 28 the Greeks had:
 Advanced IT miles in the north from five miles south of Pogradec to the vicinity of Lin;
 Extended the central sector from GeorgeviSta, IS miles southwest o1 MoSkopoli, approximately IS miles to within 15 miles of Berat.
 Gained IS miles in the southeast from Vanista, thre miles southeast of Argyrokastron, to the heights north of Tepelini;
 Made 30-milc sweep in the south coast sector, Seizing Porto Edda Porto Palermo and Chimara, anc advancing beyond there to threaten Nalona.
 Pogradec, Argyrokastron, Porto Edda and Chimara were the mair Greek prizes of the second month of the war.
 The war ministry's communique said that focal operations continue successfully and more than 200 Ital. aans, including officers, have beer captured, many automatic arms anc mortars were captured.
 It was reported that Italian planes had dropped 10 heavy bombs in the center of Corfu city in tht 24th raid on that island capital yes terday, and that 200 bombs hao fallen on Preveza, Greece's nearest port to Albania. No substantial damage was reported at Preveza al. though the harbor was said to have been filled with ships at the time of the raid.
 Massacre Denounced
 The newspaper Kathermerint de. saounced the massacre of innocent civilians" and said: women ant children of Corfu, we shall avengt you"
 Admiral A. Sakellariou, chief oi the Greek naval staff, received g holiday greeting from Sir Andrew Browne Cunningham, commander of the British Mediterranean fleet saying, T am sure the coming yeal 6 full of hope. Together we will free the Mediterranean from all en. aay activity"
The Waterbury Democrat., 1940-12-28

A different proportion would probably be adopted from July l, 1941 to July 1, 1942
 PROPORTIONATE PROFITS MAY FALL OFF IN 1941
 Much will depend on the size of the national income. The tax rates now in force can produce a great deal of money provided the income is large.
 If the national income rises to $80, ,000, 100000 the existing tax rates might produce as much as $10,000,0 100000. This, however, is rosy estimate, because it is based on a rise in profits and income taxes.
 But it is going pretty far to as- Sume that profits under existing circumstances will be proportion ately as great as under the con- ditionS of last year.
 The rise in costs, the immense deductions for amortization and obsolescence on war plants may cut profits very greatly, particularly for tax purposes.
 Business men opposed to fur ther tax increases are disposed to stress this argument as to the fruitfulness of existing taxes. But they are on very infirm ground.
 The best evidence is to be found in the movement already started for the ending of tax exemption on bonds.
 EMPHASIS
 ON BORROWING
 Along with this goes a powerful and important political interest. Leading government economists re- gently announced that the govern ment was going to give a demon stration of how great prosperity
The Waterbury Democrat., 1940-12-28
SEEK MISSING SCHOONER

Rockport, Mass, Dec. 28-(UP)- The Coast Guard Cutter Alconquin started search today for the 35-foot fishing schooner Joan and her two- man crew in the belief the boat may have developed engine trouble The Joan left here early yesterday to fish 25 miles off Cape Ann and was due last night.
The Waterbury Democrat., 1940-12-28

the treasury has urged the in- crease of the debt limit by as much as 20 billion dollars, while a former senatorial economy leader proposes an increase of 26 billion.
 These factors are the obverse side of the picture of boom that teh whole program involves.
 NEXT: The investor and in- terest rates.
The Waterbury Democrat., 1940-12-28

Government distribution of ne- Bessities is being urged in Bolivia.
The Waterbury Democrat., 1940-12-28
BY JOHN q. FLYNN NEA Service Financial Writer

SerV1Ce Financial Writer his mind the effect pushing without taking consideration certain along with these things heas along with a is the fiscal policies
The Waterbury Democrat., 1940-12-28

Curacao Is feeling seriously the slackened tourist trade this year.
The Waterbury Democrat., 1940-12-28
LIN ASSAILED BY o GREEKS N DRIVE

(continued from Page J
The Waterbury Democrat., 1940-12-28
Government Borrowing and Taxes
 Cloud Rosy Sky of Business Boom
New Deals Fiscal Policies Are Still Highly Uncertain; National Income Vital Factor

Third of six articles reviewing 194O busine probable trends in 1941.
The Waterbury Democrat., 1940-12-28
INVASION OF
 BRITAIN UNTRUE

Continued from Page D
Evening star., 1940-11-03
Abundant Supply Of turkeys
Promised for Thanksgiving

Government figures placed total
storage holdings of all poultry on
October 1 at 90,446 900 pounds. COM
pared with 63,164,000 a year ago.
Private estimates placed holdings
on October 16 at 106,000,000 pounds,
compared with 100000 a year
ago.
Holdings of ducks we're the larg-
est on record for october l. Bureau
of Agriculture Economics figures in
dicated that the total supply Of
turkeys would be slightly larger
than a year ago, as production was
l per cent heavier, weight per bird
was heavier, and stocks on October
/ were twice as large as year ago.
Although receipts at the principal
markets during the past weeks have
been running well ahead of year
ago, output has also been larger than
a year ago, indicating a good de-
mand for poultry.
The excessive stocks are q re-
Election Of the poor market last year,
traders said.
Evening star., 1940-11-03
Postal Receipts
Break Records
For October
D. 6. Revenues Soar
20 Per Cent Above
Like Period in 1899
BY EDWARD c. STONE.

Postal receipts in Washington IN
October smashed all previous
high marks for that month on rec
ord, officials at the City Post Office
announced yesterday.
October revenues totaled S854,-
58451 as compared with $707 ,538 .69
in October, 1889, a jump of S147,-
O4582 or 2078 per cent. December
is always the biggest month in the
year and this figure was almost
up to the Christmas figures in 1885,
only five years ago.
The October record was far
ahead of the September returns
when receipts totaled S65l,387, a
notable increase of $203,197. All
these gains indicate a high state
of business activity in the Capital,
postal officials said yesterday.
In the first 10 months Of this
year receipts at the City Post Office
totaled S6,759 ,687 against Sc 1858 $50
in the like period a year ago, an
increase of 1891 OCT. With the
largest monthly postal revenues yet
to come, the full year 1910 will
run substantially above 1899. Com
parsons by months so far in 1910,
with last year, follow:
Evening star., 1940-11-03
New Steel Demand
Boosted by Embargo
On Scrap Metal
japanese Place Orders .
For Worship Plates
And Other Materials
By the Associated Press.

BY the Associated Press.
NEW YORK, Nov. 2.-The United
States embargo on steel scrap has
resulted in quickened foreign de-
mand for new steel, the Institute Of
Scrap Iron and Steel said today.
Now prohibited from taking out
scrap" said Edwin c. Barringer,
secretary of the institute, "the Japa-
nese. for example, have inquired for
and placed tonnages of plates for
Warships, merchant vessels and spe-
cial steels for refinery and other
industrial processes"
In September, according to De-
partment of Commerce figures
quoted by Barringer, exports of new
steel totaled 965,444 gross tons,
compared with Isl, ,116 tons of scrap.
For 1910 to date exports of new steel
at 5.845.942 tons were more than
double scrap shipments of 2,4l9, 1888
tons.
More Quickly Converted.
Because new steel can be more
quickly converted into munitions
and civilian products" Barringer
said, foreign buyers are taking out
four tons of new steel to every ton
of scrap"
From the Great Lakes came news
indicating the fast rate at which the
steel industry is supplying the Ma
ton. The Lake Superior Iron Ore
Association said movement of Lake
Superior iron ore by the Great Lakes
fleet, which again operated at 100
per cent of capacity last month, set
a new high record October ore
shipments from United States and
Canadian upper lake ports totaled
10,061,l ,l27 tons, up 7 per cent from
the same 1889 month and well ahead
of the previous October record,
established in 1926.
Price Rise Held Unjustified.
Despite the record rate of steel
production and constantly increas-
ing stream of orders, the National
Defense Advisory Commission was
represented as believing there was
no justification at present for rise
either in steel-making costs or prices
A substantial increase in arma-
ment work growing out of enlarged
British or American programs might
change this picture, however, it was
indicated.
The commission was expected to
turn next week from conferences
with pig iron, scrap and coke pro-
ducers to talks with representatives
of the steel companies proper.
Evening star., 1940-11-03
LuII Before Election
Holds Wheat Market
To Quiet Trading
Prices Remain Steady
Except for Downturn;
Quickly Recovered
By FRANKLIN MULLN,
Associated Press Market Editor.

CHICAGO, Nov. 2-Pre-election
doldrums limited wheat market
trading today and except for an
early downturn Of about Z cent,
which was soon recovered. prices
held steady most of the session.
Firmness in the corn pit reflected
heavy shipping sales to Eastern
points and absence of any bookings
Of grain to come to Chicago from
the country. Soybeans rose more
than cent. December contracts
reaching a new high for the season.
as the market continued its ad-
vance. stimulated by reduced crop
estimates.
Wheat closed Il lower to L higher.
compared with Yesterday. December,
s4-837s; May, 83as-14: Corn. 1s-h
higher; December, 597s: May. 81;
Oats, h-H up; Soybeans. 1-13s
higher; Rye. Hs-5s up, and lard
unchanged to lower.
Profit taking was blamed for the
early setback in the wheat pit
while the quiet buying that restored
prices was attributed to mills and
professional dealers covering pre-
vious short sales or reinstating re-
Gently sold-out lines.
Some buving was believed to have
represented lifting of hedges against
purchases by the Red Cross, which
was scheduled to take 250.000
bushels of wheat and 10000 bushels
of rye before the end of the week.
but the extent of this activity could
not be determined.
Corn dealers sold 226 900 bushels
of corn for shipment from here and
lifting of hedges in connection with
this business helped to strengthen
the futures market. No grain was
booked to arrive.
The new seasonal peak for Decem-
Der soybeans was 86%, but this was
more than 9 cents below the price
a year ago. No. 2 yellow beans
sold up to SO cents in the spot
market.
Oats, rye and lard trade was quiet.
Grain range at principal markets:
Evening star., 1940-11-03
Urban Home Financing
Is Per Cent Above 1889

Urban home financing neared the
three billion dollar mark during the
first nine months of 1940 exceeding
the same period last year by 16 per
cent, economists of the Federal
Home Loan Bank Board reported
yesterday.
A total of 1,084,772 mortgages on
non-farm property amounting to
s2,988, 1886, 900 were recorded in the
United States by all types of lenders
in the ary-September period
this year, as compared with 950,164
mortgages valued at s2,570, 1923 900 in
the first nine months of 1899.
In September this year home
financing was placed at s357,518,000,
with 128,422 home mortgages re-
corded These figures compare with
1888 mortgages amounting to
$30S, ,278 900 in September, 1889.
Evening star., 1940-11-03
Morgan Group Is Sued
In Mexican Bond Case
BY the Associated Press.

BY the Associated Press.
NEW YORK, Nov. 2.-Suit for
1896 900 damages and an accounting
of interest monies collected on pooled
Mexican bonds was filed yesterday
in Federal Court against j. P. Nor
gan and Thomas w. Lamont, of j. P.
Morgan & Co., and 26 others, as
members of the International Com
mittee of Bankers on Mexico.
The action also seeks a court de-
cree directing the payment of such
funds found to be due to holders of
United States of Mexico custom
house secured bonds under an agree
ment allegedly executed by the bond
holders in 1922.
1t was alleged that the defendant
committee received customs collec-
tions from Mexico which, under the
agreement, were to be used to pay
interest on the bonds, and that such
payments were made in three years
since 1914.
The plaintiff, James A. Donohue
of Massachusetts,, Is the holder Of
$204, ,282 face value Of the bonds.
Evening star., 1940-11-03
Buying Wave Lifts
Cotton Textile Sales
200 Pct. Of Output
Price Boost by Mills
Late in Week Gives
Rise to Resistance
b. the Associated Press.

By the Associated Press.
NEW YORK, Nov. "A wave of
buying that lifted sales to an esti-
mated 200 per cent of current out
put splashed into the cotton textile
market this week.
Resistance developed late in the
week when mills boosted prices Il
cent yard but dealers remained
cheerful despite the letup in de-
mand.
Attention focused on heavier goods
and specially numbers early in the
week following announcement bids
would be opened Monday on 10000
heavy cotton undershirts and re-
ports the Governments next de-
fense spending would be for hos
pital sheets.
Woolen piece goods traders COM
placently pondered an estimate that
untitled orders were roughly 30
Sales of mems wear lines were ex-
pected to increase sharply follow
ing clarification of draft complica-
tions and the Army has already
awarded contracts for millions of
yards of flannel shirting, serge and
other items. Such fabrics moved at
full asking prices and brokers an
ticipated that further changes would
be upward.
Turnover in rayon goods increased
substantially at firm quotations.
Mills were in position to more or
less dictate their delivery dates
The more popular weaves were lift
ed 4 to p cent yard.
Silk dealers glumly studied un-
satisfactory reports at time nor
mally the height of the season for
the trade Prices continued at
the low levels which have persisted
for the past several months.
Evening star., 1940-11-03
Building Loans
Are Most Active
| Since 1929
BY the Associated Press.

BY the Associated Press.
CHICAGO, Nov. 2.-Lending by
savings, building and loan associa-
tions in the United States during
the third quarter of 1910 was more
active than in any comparable pc
riod since 1929, the United States
Savings and Loan League reported
today.
During the quarter, S343 ,698, 900
was disbursed to home owners, 26.8
per cent more than in the corre-
spending 1899 period.
September was the sixth consecu-
tive month in which more than
s100,000,000 was lent by these as
sociations. The months disburse-
ment was 5 per cent below the
11-year high reached in August, but
was the fourth highest for any
month Of the year.
Evening star., 1940-11-03
Building, Loon Leaders
Push ConcIuve Plans

Carl j. Bergmann, director of
the United States Savings and Loan
League, will leave for Chicago Fri
day to attend preliminary sessions
of the Executive Committee prior to
the opening of the 48th annual con-
vention. The official delegation to
the conclave, consisting of Is build
ing and loan leaders and their wives,
will depart next Sunday evening and
have headquarters at the Palmer
House.
Wilfred H Blanz. first vice presi-
dent of the D. c. Building and Loan
League, stated last night that ad-
vance registrations point to an at
tendance of 1880 delegates from the
United States and Canada.
Evening star., 1940-11-03
Wheat Looms in October
Valued at $16o, ,400,67l
BY the Associated Press.

BY the Associated Press.
Wheat loans through October %,
1910, totaled 235 .889 $40 bushels. val
ued at $3.50 ,400,67l, the Agriculture
Department reported yesterday.
Loans for the same period in the
1889 program totaled 147,107 1924,
valued at $103.241 ,544.
The department also reported that
rye loans through October 90. 1910,
totaled 1,669132 bushels, valued at
$633,727, and barley loans totaled
1892 ,59l, valued at $1.241.563.
Wheat loans by States in farm
and warehouse storage October 90
include:
Maryland 51835 bushels, and $685.
579; Tennessee, 271,745 bushels. and
s212,975; Virginia, 1888 bushels,
and S118,392.
Evening star., 1940-11-03
By the Associated Press.


CHICAGO, Nov. 2-America will
have an abundant supply of chick
ems, ducks, geese and turkeys to
place on its Thanksgiving table this
year. trade figures indicated today.
Turkey prices are running about
a cent below a year ago in the live
wholesale poultry market, hens
bringing II cents a pound, COM
pared with 18 cents a year ago.
Geese are now cents below year.
ago levels, young ones selling at IL
cents a pound, compared with IA a
year ago. Ducks are at the same
level of a year ago. whites bringing
1412 cents a pound.
Chickens generally are higher
Hens over 5 pounds were quoted at
141a cents, the same as a year ago,
Plymouth broilers at 19 cents a
pound, compared with 18 cents a
year ago, and Plymouth springers
at 1914 cents, compared with 1312
cents year ago.
Evening star., 1940-11-03
Cotton Futures Gain
; 10 Points on
Textile Demand
Mills Appear Unwilling
To Fix March Prices
Above $50 Cents
By the Associated Press.


NEW YORK, Nov. 2-Cotton
futures advanced to points to-
day on demand inspired by Fridays
big textile business.
Pressure, mostly hedging, was
light but the market hesitated
again at $50 cents a pound for
March. Mills appeared unwilling
to fix prices above this level
Brokers saw pleasant reading in
estimates that turnover of print
cloths and related items during the
week was slightly more than 200
per cent of current production.
Prices were marked up Il cent a
yard on the more popular items.
Exports Friday, Asst bales; season
so far, 324,372. Port receipts, 1896.
Port stocks. 3,031 $40.
Range follows.