davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-01-15
British Mobilization
|0f j. ). Securities
Reported Near
Brokers Are Inclined
To Minimize Effects
Of Such Action
BY SMITH REAVIS,
Associated Press Financial Writer.

NEW YORK, Jan. 15-Possibility
Great Britain might soon requisi-
ton all United States securities held
by her subjects to provide funds
wherewith to finance war purchases
acted as a week end drag on the
stock market, which in the last six
working days witnessed the widest
break since last April.
At the same time brokers with
connections in London were in
clined to minimize the effects of
such mobilization of stocks and
bonds, even if it is actually done
soon. Britain, it was said, would
be unlikely to dump large blocks
on the market in such way as
to depress prices-she might even
withhold selling at all until they
had chance to work higher.
AS a matter of fact, Col. LleWellin,
parliamentary secretary to the min
lister Of supply, was discussing FRI
day the means by which England
could pay for her purchases abroad
and the mobilization of securities
was only one of three methods he
mentioned for raising the necessary
funds. The others, he said, were
through payment by gold or by
foreign exchange held abroad.
Holdings Are Small.
That selling by Britain, particu-
larly Of the restrained character not
likely to upset the market, would
be of negligible effect, some brokers
said, was indicated by the fact that
as Of the end of August, just before
war began, British holdings of ne
gotiable securities amounted to only
about $735 100000 a small figure
compared with the $46,467, 372
value of all listed stocks on the New
York exchange and s49,919,8l3. 1886
in bonds as of January of this
year.
In the meantime there has been
persistent selling by British subjects,
French citizens and foreigners since
the outbreak of war which might
have amounted to something like
sl30,0000 900. The French, bankers
here say, have not sold as heavily as
the British. And the Dutch and
Swiss have bought shares probably
as much as they sold.
| Therefore, at least part of the po-
tential s735 100000 in British held
securities has already been lqui-
dated, since subjects have not been
permitted to buy here since hos
tilities began. That doesn't leave
! a great deal to be dumped.
Cash Balances Large.
Total holdings of negotiable Sc
curities by the allies prior to the
war, the Federal Reserve Board es-
| timated, were $l,420.00O, 900.
! In addition they held cash dollar
balances of Sl.265 100000, which
many assume they would employ
before they pooled securities for
sale
Allied purchases in this country
including war planes, have run SO
far to nearly half a billion dollars,
it has been estimated unofhcially
But in the meantime, allied imports
Evening star., 1940-01-15
New York Produce

NEW YORK, Jan. = CP,.-,Eses, T.
1s2 steady to firm Mixed eolcrs tanfy
II; dirties. No. /. il; average checks,
15l2-l6. Refrigerator, fancy and heavy
weights. 17-lal2; standards. 1sia; firsts,
Whites: Resale of premium marks.
e5-27l2: nearby and midweStern premium
marks "3-24i2; specials, 22l2: standards,
u q. Resale of nearby heavier mediums,
2Oi2-23. Nearby and midwestern me-
diums 20; bullets. 1872 Refriserator
II Browns. owns NearSy srs fancy to extra fancy.
. Nearby S. ar and midwestsrn sps-
l9rsi Duck pulis!s esss: !5:e5. j:
Butter 4sta35' easier Creamery; 1o.
seconos seo5rs ss4.s3l e7aa 1rsIS ss-9l' ''-'o''
e Ghesss s 7sa1s ;a ,oss steady STATE Thole gbs
Dressed pouitry steady; fresh, boxes;
fowls, 36 to - pounds. Ills: 4s.'4
pounds, 19l az ,als-ls.s ] eo-95 pounds IL
Northwest, hens. 1923: toms. 14'2;"oi z:
Southwest, hens, l4-laha; toms. 13-1sis.
fryers, 1919 roasters 1871. Fowls,
36-42 pounds, 11-l6: 4s-54 pounds 13I2-
1872; 6O-65 pounds, 14l2-1eia Old
0G Live poultry slow uebs' bs freiant eo chickens
eolored, 10 Fowls, coiored, 1915: fancy,
Rock H. Le9soTn ~ 10 tsnsy 1s pqEless
press; Chickens, Rocks. Southern, l3: col
ored Southern, 1911. groilers, Rocks,
Reds. 10. Old roosters, 10.
Evening star., 1940-01-15
A. 7. &T. Net Income
For 1899 Climbs 10
$172,446,000
TotoI Compares With
$152,428,028 for
Previous Yeur
Nv the Associated Press

By the Associated Press.
NEW YORK, Jan. 15.-Preliminary
statement of American Telephone &
Telegraph Co. for 1899 today showed
net income of $172,446, 900, equal to
1928 share on the capital stock.
This compared with $152, ,428,028, or
S816 a share in 1898. The December
income was partly estimated.
The report of the Bell System and
its principal subsidiaries for three
months to November 80 showed net
income applicable to stock of the
parent company of $55,522, ,349. equal
to $297 share, compared with
$42, ,754,694, or 1929 a share in the
comparable period year ago
For the II months ended Novem-
Der 80 the Bell System reported net
income applicable to stock of Amer
ican Telephone & Telegraph Co. of
S188,9O5,5 ,562, equal to $l011 a share,
compared with $153 ,385,5l2, or 1921
a share in the preceding II months.
The statement for American Tele-
phone & Telegraph Co. only for the
quarter ended December 81 with
December figures partly estimated,
showed net income of $47,410,00O,
equal to 1884 a share, against $40
877,607, or $219 a share in the final
quarter of 1885,
A. G. Spalding & Bros.
A. G. Spalding &, Bros, sporting
goods firm, reported for the fiscal
year ended October 81 net profit of
S168.368, equal to q cents a share
on the common stock, compared with
loss of $1,054,392, in the preceding
year.
Evening star., 1940-01-15

into the United States have pro-
vided much foreign exchange for
the payment of these items.
Another reason that the allies
might withhold security sales here
is that they have huge balances in
their own empires, and are conflning
as much as possible their pur-
chases to them. The Australia, New
Zealand and South African wool
crops were commandeered, huge
quantities of Canadian and Austria
liam wheat have been bought, Ca
madam copper mines are supplying
the needs of ornaments and French
Indo China is supplying much re-
quired drug materials.
Up to the present the British, while
not requisitioning securities, have
permitted the private sale OF them,
generally through British banks
which rationed the selling to pre-
vent sudden fluctuations in the
American markets. Should the
government take over the sale,
brokers here believe, an even more
careful feeding of stocks and bonds
to the trading place will be guaran-
teed.
Evening star., 1940-01-15
Chicuqo Livestock

CHICAGO. Jan. Is Up Omitted States
Department of Agriculture) .--Salable hogs,
900; total, 10000; opened active; fully
25 higher than Fridays average: spots
up more; later trade unevenlv 1928 up:
top. 500: bulk good and choice 160-240
pounds. 5.15-6 90: 240-3T0 pounds gen.
orally 5.50-S5; most 270-330 pound butch
ers, 5.35-65 strictly good and choice
80 -l6o-pound averages, 5."5-15;- good
800 -55o-pound packing sows; 4.5o-5.0O:
Salahle cattle, 900; salable calves, 500;
receipts sharply abridged because of storm
conditions: few truck cattle here; run
mostly medium to good steers, yearlings
and short-fed heifers; general market 25
higher; fairly active at advance; most
loads; statesmen attempting to beat ZOO;
early top. 1l.75; several loads IL 00-50;
stockers scarce, slow best heifers' 1925.
with numerous loads 7.15-9,25; weighty
cutter cows up to SIS and better; Gamers
strong to Is higher at 4,25-5 90; no out
standing weighty sausage bulls here; these
uuotable to 7.75, with 80 and Z so paid
for meaty-beef type offerings; practical
top vealers. 12.50 80 higher,
Salable sheep. 5000 total 5000: fat
lambs and yearlinss slow; undertone
steady to easier: early bids and sales
good to choice wooled lambs downward
from 900; best held a.10-@5 and upward;
five decks GOOD slaughter yearlings. 500:
best held higher; sheep steady; few native
ewes, 4,00-on.
Evening star., 1940-01-15
American Co. Reports
Best Net in Five Years

Stockholders of the American Co.
reelected the following directors at
the annual meeting: Charles G. Alb
bott, George w. Harris, James M.
Johnston, Harry King, Frank T.
Mitchell, Vernon G.. Owen, John
Poole, James Brown Scott, Leon
Tobriner and L. Perry West.
At the organization meeting the
following officers we're reelected:
John Poole, president; Leon To-
briner, vice president and general
counsel; John w. Fisher, secretary
and treasurer, and Nathan Poole
assistant secretary and assistant
treasurer.
President Poole reported the
largest net earnings in five years
and an increase in every depart.
ment of the firms business.
Evening star., 1940-01-15
Patman Denounces
Chain Stores as
Job|ess Cause
Texon Declares Big
Systems Are Doomed
By High Costs
BY the Associated Press.

BY the Associated Press.
NEW YORK, Jan. 15.-Repre-
sentative Wright Patman, Demo-
crat, of Texas told 400 delegates to
the Association of Buying Offices
convention today that the chain
store system in the United States
was responsible for unemployment
to "at least 100000 or 100000
people
The convention was held in con-
nection with the 29th annual meet
ing of the National Retail Dry
Goods Associa ton, opening tonight.
Patman told the delegates, who
make the New York purchases for
hundreds of retail stores through
out the country, that:
The interstate chain store sys-
tenn will not in the end succeed in
this country. Two things will
cause the Fastening of the day of
widespread consumer cooperative
movements.
"One is monopoly in retail distri-
button by interstate chains and the
other is high cost of distribution
Patman advocated passage of his
chain store tax bill to limit opera
tions of more than 1000 chain store
concerns in the United States
Il do not believe said the Con-
gresham, in the RECOMMENDATION of
business by the Government IN
Washington; neither do I believe in
the RECOMMENDATION of business by a
few executives in one city. One is
just as bad as the other.
1T is an illusion that man is eff
cient only as he moves in regimented
groups at the bidding of a few die
tator New York executives"
Evening star., 1940-01-15
Chicago Produce

seven trucks. steady hens, over ;'l 5 bounds,
l4l2; 5 pounds and under, Is; Leghorn
eoored 4 'qsn Pymouth RooR Roos 1929 So Write Write
Rock, 1917; Leghorn springs. 9la; springs
pounds up, colored. -: Plymouth Rock
1872: White Rock, 10; under 4 pounds
Rock. l6l2; bareback chickens, 10; roosters
90; Leghorn roosters, GA; ducks. Az
pounds up, colored. 1O1a: white, -; small
colored' s.; white. sia; geese, over /.
TURKEYS, old toms, II: Young. H Is i" pound; u,
capons = pounds up. 1s under !
Butter, 5e5, o5a. steady; creamery. %
29a4;, SO, 39f4: IS. 2sA: 80, eentr rallied
carlots, 30-3014. EGGS. 9.214. nrmer;
fresh Graded, extra flrsts local; 1914: cars.
standards. 1874; frsts, 49,.
Potatoes. receipts and U. s., shipments
not available marke, dull slightly weak;
slow. slow: sacked per ,hundredwesht; Idaho
MscTes sc9S m1sts 1885, lew cootsdc sslas BED Bed
cent or better. U, S No. / washed. / .a5-
washed. >, 1,so-S2is; Michigan Russet
early ohios, u. S. comherciais, si.a5:
North Dakota Red River Valley section
cobblers. 75 to IS Der cent U. S. No. /.
ess D. Wisconsin, reand aany xSes 4hes
unclassified, 1.10: new, stock dull: weak
undertone. supplies light. demand slow
umphs. Florida, U. 8. No. l. washed. few
sales. 1.15-S212.
Evening star., 1940-01-15

ness activity have been mostly due
to increases in the production Of
durable goods, which until last au-
tumn had been making laggard
progress" He added that the ex-
pansion in this output "has not been
accompanied by any important in
crease in the issuing OF new capital
securities" making the present sit
uation unusual"
Evening star., 1940-01-15
Foreign Markets

LONDON, Jan. Is E).-The stock mar.
ket opened lower. Tried comeback un.
successfully. and closed with a weak under
tone today. Political developments in
Europe caused prices to be marked down
but actual selling pressure was only mod
crate. British governments dropped
sharply and foreign loans eased. Indus.
trials retreated and home rails closed at
a little resistance. but losses were never.
theless substantial
PARIS.-Fresh rumors Of possibility Of
undermined Bourse quotations today
There was evidence of a recovery neai
the close since few sellers appeared bu
closing prices were near the bottom fol
the day.
AMSTERDAM.-Bou prices wer.
trimmed bit today. Traders showed nj
despite new defense preparations under
way.
Evening star., 1940-01-15
Cure Oil Prices

TULSA, Jan. * dP-Base crude oil
prices. Mid-continent area. IlinoiS-S1 O5
Oklahoma ma-Kansas-Gravity scale so cents
| to Sl10. North. North Central and West
! S1.O5
ity 53 to a5 cents. North Louisiana
Arkansas-Gravity scale 13 cents to 81 O5
Rocky Mountain area: Salt Creek. Wyo.-
Gravity scale IS cents to Sl.1O.
Eastern area. Pennsylvania grade Brad
| ford d-Alleghany)-S2.7 rs. Same grade in
| Southwest PENNSYLVANIA lines-S2 40 Same
grade in Eureka lines-$2 .09. Corning
S1.12.
Evening star., 1940-01-15
Metal Market

NEW YORK Jan Is tP-Copper
steady; eectrolytic spot. 1880; export
+. a. s.. New York. 1880 Tin, steady;
Lead steady; SPOT New York. 8 .5o-55:
East St: Louis, 5.35. Zinc, steady: East
St. Louis. spot and forward 575. Pig
iron. No. ,. f. o b. Eastern Pennsyl-
vania. "a 90: Buffalo $500: Alabama
1928 Aluminium virgin 90 per cent, 2OOO.
Antimony. Chinese spot 1925. Quick
silver. 81 .00-1 90. nominal. Platinum.
pure, 1000 Chinese wolframite, duty
paid. 90 .0o-24 90 nominal Domestic
scheelte. % 100. nominal
Evening star., 1940-01-15
Building Association
Elects Officers
Special DiSpatch to The Star.

UPPER MARLBORO, Jan. Is
At the annual meeting of the share
holders of the Prince Georges Build
ing Association, Inc, directors were
chosen for the year 1910 as follows:
T. Van Clagett, Samuel A. Wyvill,
Adrian p Fisher, LIE Roy Humphrey,
William T. Davis, w. Carroll Beatty,
T. Van Clagett, jr; Charles A. Ryon,
James S. Heal and A. Douglas Par
ran. Officials: T. Van Clagett,
president; Samuel A. Wyvill, vice
president; T. Van Clagett, jr., sec
retary; Matilda w. Duvall assistant
secretary; Mildred Buck, assistant;
Lansdale G. Clagett, treasurer.
Evening star., 1940-01-15
Competition Is Urged
In Power Offering
By the Associated Press.

BY the ASSOclAted Press.
DAYTON, Ohio, Jan. 15-City
Commissioner Harry j. Munger has
asked the State Utilities Commission
to order competitive bidding on
proposed s25,000, 900 refunding bond
issue of the Dayton Power &
Light Co.
Mr.. Munger said in telegram to
the commission that present plans
called for Morgan Stanley g. Co. of
New York to handle the issue with
out competition" and said substan-
tial savings could be effected on the
omen market.
Evening star., 1940-01-15
Poris Exchange Rutes

PARIS, Jan. Is tP.-Final quotation
for the United States dollar was unchanged
at 1880 francs (2:2S3 cents to the franc)
in foreign exchange trading today The
rate compared with the franc at 2252 cents
in New York over the week end. EXCHANGE
on London, 176 625.
Three per cent rentes in the Bourse were
74.l5 francs; 4l2s "a" S3.70: 4h7s 1887.
216.T5.
Evening star., 1940-01-15
Roll Wage Hearings
Set for FebruuY

BY the AsSoclated Press.
The Railroad Industry Committee
authorized to recommend mini
mum wage up to 40 cents an hour
for the some 100000 rail employees
not getting that much, will meet
here February IL. Public hearings
will begin two days later.
Evening star., 1940-01-15

There are many superstitions
about the praying mantis. The
Japanese, when sleeping, tie them
near to eat the troublesome mos
quitos. The female is very brave
and often eats her much smaller
mate.
Evening star., 1940-01-15
Money Market

NEW YORK. Jan. 15 QP1.-Cal money;
paper; 's per cent; time loans steady: 60
go DAYS, y; 4-6 months, u per cent;
bankers pa nix ,aceeptanees unchansed; 5000
cent So months. 's-,s per cent. Redis-
count rate. New York Reserve Bank,
per cent
Evening star., 1940-01-15
Sales of Gasoline
Pumps Show Gain

BY the Associated Press.
The Commerce Department says
that shipments of gasoline pumps
IN November totaled 81 1893, ,764, COM
pared with $1,792 $50 in October and
$1,828,672 in November, 1888.
Evening star., 1940-01-15
Investing Companies

NEW YORK Jan Is lP,.-National As
sociatlon Securities Dealers, Inc:
moon quotations
Evening star., 1940-01-15

Also eXtfa OF extras.
Quotations furnished by National Asso-
ciation of Securities Dealers Inc. which
states they do not necessarily reflect &C
tual transa ctions or firm bids or offers,
but should indicate approximate prices.
Evening star., 1940-01-15
London Bar Silver

LONDON, Jan Is P,-Bar silver 81 Ad,
OF %. Equivalent A cents on the dol
lar basis $4 .03). Bar gold, 1883. un-
changed. Equivalent S33s5).
Evening star., 1940-01-15

'EX-diVldend. -
+Plus extra 35c paid in 1899. e2cs
extra S14 90 extra paid December %,
1899 K 2Oc extra. m 81 so extra. p 5Oc
paid September 20, 1898. S 100 paid IN
1899 SOC paid December 20, 1888.
vS1 90 extra paid January, 1910. $500
extra.
Evening star., 1940-01-15

Quotations furnished by National Asso-
citation of Securities Dealers, Inc, which
states they do not necessarily reflect actual
transactions or firm bids or offers. but
should indicate approximate prices, and
unless otherwise indicated, are as quoted
by the sponsors or issuers.
'Asterisk indicates. mot quoted BY
&ponsors or issuerS.'
Evening star., 1940-01-15
Washington Exchange
SALES AFTER CALL.
Capital Transit Co.'S at .1334.
BONDS

PUBLIC UTILITY
Evening star., 1940-01-15
Insurance Stocks

NEW YORK. Jan. Is tP,.-Natio
sociation Of Securities Dealers, Inc,
Evening star., 1940-12-09
n. |. R. B. Order Is Upheld
AGAINST Gdnnett Papers

The United States Court of Ap-
peals today upheld a National Labor
Relations Board finding of unfair
labor practice against the Press Co..
Inc, publishers of the Knickerbocker
Press and Albany Evening News.
morning and evening papers of
Albany. N. Y.
Under the order, dismissed en-
ployes must be reinstated with
back pay. The C. I. O.-affiliated
Tri-City Newspaper Guild, rep
resenting papers in Albany. Troy
and Schenectady, had contended
that employees had been dismissed
because of guild activity or SYM
pathy.
The courts decision, written by
Chief Justice D. Lawrence Groner,
and concurred in by Associate Justice
Harold M. Stephens, ordered the
NJ L. R. B. order modified, however,
by striking out the name OF the
Gannett Co., Inc, of Rochester
owner of the common stock of the
Press Co., and by eliminating a
provision for reimbursement of relief
agencies where money had been paid
out by them.
In a partially dissenting opinion
Associate Justice Wiley Rutledge
concurred in the majority's conclu-
sion. but held that the Gannett Co.
should be held liable. as the evidence
clearly established that it dominat-
ed and controlled the Press Co. in its
employment relations and in other
respects
Evening star., 1940-12-09

crypt Of . church were safely re-
moved after bombs ignited the roof
Adjoining buildings were destroyed
Houses Demolished.
Nine were buried when high ex-
plosives demolished two houses in
the southeast area. Two bodies were
recovered and digging for the others
was continued.
Two big storage depots in one
district were burned out. Several
apartments were hit. Nine bombs
on regions in the outskirts damaged
houses extensively.
Four persons were killed and an
other was injured by the explosion
of delayed-action bomb they were
examining near a railroad tunnel In
the southeast.
A residential district in an East
Anglian town was reported "plas-
tered" with incendiary bombs. No
casualties were reported, however,
and little damage was said to have
been done.
Several deaths in London were at
tributed to shock among elderly pa
tients in a hospital the grounds Of
which were hit by bombs.
One heavy bomb in a London bor-
ough wrecked line of houses, dam
aged 40 others and trapped an un-
known number of persons.
A widespread fire, which took
hours to control, was set in a
Thames Estuary district by a bonn
bardment of incendiaries.
Evening star., 1940-12-09

might foreshadow a more offensive
spirit by Fascist naval forces.
Jacchini, former Italian naval
attache here, was described as .
young man for so important COM
mand.
Admiral Arturo Cavagnari, who
resigned as chief of the naval staff
and undersecretary of the navy,
these sources said, owed his position
more to his political opinions than
his reputation as seaman" and
may have been picked as scapegoat
for Britain's Armistice Day raid on
the Italian naval base at Taranto.
| Duce Seen on Spot.
British military circles, cautiously
optimistic about the course the war
is taking with Italy, expressed the
opinion that the unexpected changes
in the italian Army and Navy high
command were another sign that
Premier Mussolini was ON the
toughest spot in his career.
Some officers even went so far
as to declare he was losing his grip
after two major political blunders'
his declaration of war against
France and Britain last June and
his Grecian adventure Both under
takings, these men said, apparently
were started on the false aSsump-
ton that victory would be cheap.
The surprising quality of Greek
resistance, the British blockade and
the increasingly effective British
bombing, the officers said. have soft
ened Italy to a dangerous degree.
Italian Unrest Expected.
Military experts not only put Gre
dence in reports reaching London OF
unrest and disorders in Northern
Italy, but also said today: 1--WE have
been expecting it,"
They said British broadcasts and
leaflets, plus reports trickling back
from the front, have made it i'm
possible for Mussolini to conceal the
true state of affairs in Albania.
The fact that Marshal Rodolfo
Grazianis army, poised for months
for an attack on Egypt and the Suez
Sdlldl, Is Sllll WdIIlllS 10 IcSd al OCo
as another source of disquietude on
the italian home front.
Experts here are not braSh enough
to predict an immediate collapse,
but they believe Italy is growing
groggy, that unrest and disillusion-
ment among the people will set in
and grow apace, and that if more
blows are struck against the Fascists
Italy will reach a point where COL
lapse cannot be avoided.
One officer suggested that the rea-
son behind the charges in the Ital-
ian high command is the necessity
of finding men willing to carry out
wholeheartedly the political and
military policies of II Duce and
avoid a growing split between the
Fascists and the Italian Army.
This man had no doubts that
Marshal Pietro Badoglio. who has
Evening star., 1940-12-09
London
Continued From First Page.)

tCOnClnueQ FTOm flrSC FdHe)
raiders had nearly TOO beds, but the
number of deaths was not expected
to exceed five as most Of the patients
were removed some weeks ago. One
high explosive bomb demolished two
blocks of the institution. comprising
about one third Of the hospital. In
cendiary bombs seriously damaged
the administrative offices and the
casualty department.
Some hours after the start of the
raid. hundreds of incendiary bombs
were showered on the city by a
steady stream of planes over one
half of London. High explosive
bombs followed and then more in
cendiaries.
The fires which broke out formed
half moon through the city, but
the capitals highly organized fire
fighters quickly controlled them.
Two hundred and fifty persons
who were seeking shelter in the
Evening star., 1940-12-09

never been a Fascist. opposed the
Greek campaign which turned out
to be such a grievous misadventure,
politically as we'll as military. The
politicians, this man said, appar-
emily underestimated the strength
of the Greek resistance and the
army therefore was inadequately
prepared.
What part Adolf Hitler might
have had in the high command
changes, supposing he had any
thing at all to do with the shake
up, is naturally not known here. but
it appears to be becoming clear, in
the minds of observers that Ger
man diplomacy is at work to per-
suade the Greeks to accept peace.
Evening star., 1940-12-09
Greeks Mistake
Celebration for
Air Raid Alarm
BY the Associated Press.

SALONIKA, Greece, Dec. o.
A lot of Greeks were late last
night for the celebration which
followed the official announce
ment of the fall of the Albanian
city of Argirocastro.
Salonika had a taste Of air
raids last month, and SO when
the whistles and bells got going
last night hundreds OF Greeks
mistook the sounds for an alarm
and dashed into cellars.