davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-04-29
Marshall Field Shares
Are Put on Market
BY the Associated Press.


NEW YORK, April "a block
of 10000 shares of the outstanding
per cent cumulative preferred
stock, second series, $l00 par value,
of Marshall Field & Co. was pub
licly offered for sale today by an
underwriting group headed by Giore,
Forgan & Co.
The stock was offered at $l04 a
share, plus accrued dividends.
The offering does not represent
any new financing by the company
but consists of shares being pur-
chased from the personal estates
of Marshall Field and members OF
his immediate family. The shares
being sold by Marshall Field, per-
sonally, represent less than nall of
his holdings of such preferred stock,
the announcement added.
Associated with Glore, Forgan
in the offering are Lee Higginson
Corp. and Shields g. Co.
Marshall Field g. Co. operates a
large general merchandise retail
store in Chicago with branches in
the suburbs, the Frederick a. Nelson
Store, Seattle, Wash, and a smaller
store at Watertown, S. Oak.
Evening star., 1940-04-29
Auto Output Held
Moderately Behind
Retail Deliveries
Field Stocks Reduced
Slowly, According to
Wards Reports
By the Associated Press.

BY the Associated Press.
DETROIT, April 29.-"Production
bolstered by the good reports from
the field" says Wards Automotive
Reports in its current issue, holds
firm and gives indication of so con-
tinuing for some weeks ahead. The
output volume is ranging some
what below retail delivery rate
currently. so field stocks are re-
ducing slowly"
The trade publication noted a
slight decline in assemblies last
week, the total being 101 ,405 units,
compared with 103,725 during the
preceding five days. and explained
1t as due to the necessity of "ad-
justment to field stocks" at the
month-end. 1t added, however, that
sit is quite evident that we are near
the end of the period when output
advances can be looked for"
Total assemblies from January l
to date are placed at 1,719,780 cars
and trucks. A year ago at this time
they had totaled 1,415,966.
Forecasting important changes
for 1941," Wards says:
Releases on 1941 model tools and
dies are now well under way These
indicate that the contemplated
changes finally determined on are
OF magnitude rarely before equaled
In the automobile industry.
ut becomes apparent that design
revision will be general througout
the industry, the trend being very
definitely toward the streamlined
torpedo bodies introduced last fall
by Buick, Pontiac and Oldsmobile.
"At the same time General Mo-
tors is not moving entirely into
this sphere of design thinking, but
will have further distinctive develop
ments for its lines.
"Chrysler is putting aside it's ira
ditional close regard for inter-
changeability of parts and dies in
its four cars and will lessen their
independence on each other, result
ing in much more harmonious ex-
teriors
Ford and the Independents will
release forward improvements.
Mechanically. several develop
ments are indicate which, while
none of sensational import, will
move progressively ahead toward
engineering ideals"
The survey reports that used cars
are clearing fairly WELL" although
losses are being taken at many
points.
Evening star., 1940-04-29
Consolidated Edison
Reveals Increase
IN Quarter S Net
$l5,57s,237 Compares
With $l5,26l $50 in
Same 1899 Period

Dy the Associated Press.
NEW YORK, April 29.-Consoli-
dated Edison Co. Of New York and
subsidiaries reported today for the
March quarter net income Of s15,-
578,237. equal after preferred divi-
dends and other deductions to $1.10
snare on the common stock. This
compared with $15,261 $50, or $108
a share, in the 1889 March quarter.
For the II months ended March
81 consolidated net income was $37,-
045, ,006, equal after preferred divi-
dends and other deductions to $225
q share on common stock. In the
previous IL months net income was
$34, ,797 ,814, or $207 a common share.
Virginia Iron, Coal. =
A net profit of $10,358.28 was
shown by Virginia Iron, Coal &
Coke Co. for the first quarter of
1910. The company showed net
profit Of $7,041.87 for the last quar-
ter of 1889. but a net loss of $780,.
840.05 for the IL months ending De-
cember 81, 1899.
Gannett Co.
Gannett Co. and wholly owned
subsidiaries reported March quarter
consolidated net profit Of $26o, $50,
including equity in undistributed
net profits of controlled companies,
compared with $216,141 for the first
quarter last year. Equity of Gam
nett Co. in undistributed net profits
of controlled companies was placed
at s37 1859. Company publishes
newspapers in New York, New Jer-
sey, Connecticut and Illinois.
Evening star., 1940-04-29
Steel Rate 10 Rise
To 61.8 Per Cent
Mark in Week
Institute Report Cites
H.8 Per Cent Pace
Of Year Ago
BY the Associated Press.


NEW YORK, April 29.-America' S
steel mills will operate at 6l.8 per
cent OF capacity this week, a jump
of 18 points from so per cent, low
for the year. last week, the American
Iron and Steel Institute estimated
today.
The advance, the largest for any
week since that started January 2,
brought production schedules back
to the highest since mid March.
The improvement was linked by
some steelmen to the recent can
collation. of a Sd a ton cut in rolled
steel prices, increasing confidence of
consumers in the stability Of the
price structure.
A month ago operations were at
6l.7 per cent of capacity and a year
ago 47.8 per cent.
CLEVELAND. April % (P.-With
export business continuing active,
the magazine Steel said today
that prospects for sustained or
slightly higher production by Amer
ican mills had been enhanced by
the withdrawal Of recent price con-
cessions or leading grades of sheet
and strip steel.
March shipments abroad of 457 ,052
gross tons of iron and steel were
the greatest since the World War.
They compared with 436,585 tons in
February and 162,098 a year ago.
First-quarter deliveries of 1,289, ,7OI
tons, worth $98, ,735, ,419, exceeded
shipments for the full year 1885
and virtually trebled the 431 1858 tons
of 1895 first quarter. In 1917, the
industry's most active export year,
foreign movement averaged 1,737 900
tons quarter.
United States production last week
was at 6lha per cent of capacity,
unchanged from the previous week
Many buyers already have made
commitments covering requirements
through at least the remainder of
this quarter" the review said. With
what additional booings are received
by May l. flat-rolled steel producers
will have accumulated comfortable
backlogs for delivery through June.
While restoration of higher sheet
and strip quotations is coming
sooner than expected, delay of an
other month would have complicated
producers problem of preventing
shipments of low-price material
from extending beyond mid-year
However, part of the stimulus given
shipments the next so days will be
at the expense of normal July and
August business"
Evening star., 1940-04-29
Washington Exchange
SALES,

SALES.
Potomac Electric Power 5la% pfd-
5 at lis.
American Security e. Trust Co.
10 at 249h.
Potomac Electric Power 51a % pfd.-
2 at lis; 4 at lis.
Capital Traction 1st $4,000 at
101A; $1,000 at 1919.
Mergenthaler Linotype-140 at 1874.
Potomac Electric Power so pfd.-
S at 116; 3 at 116.
National Savings e. Trust Co.-l2 at
200.
Capital Traction 1st $500 at
1917.
Evening star., 1940-04-29
Crude Oil Prices

TULSA. April % 0P,.-Base crude oil
prices: Mid Continent area, Illinois, 81 O5:
Oklahoma-Kansas, gravity scale, 60 cents
to 81 10: North, North Central and West
Central Texas gravity scale II cents to
East Texas. s1.1o: West Texas. gravity
scale. 53 cents to a5 cents: North Louis
iana-Arkansas. gravity scale 73 cents to
81 .05; Rocky Mountain area. Salt Creek,
Wyo.. gravity scale. Sc cents to S1lO
Eastern area, Pennsylvania srade (Brad-
ford, ,Alleehsny). .S2.75: same Grade in
Southwest Pennsylvania lines. So 40: same
ST IL.
Evening star., 1940-04-29
Steodiness Displayed
By Insurance Shares
Special Dispatch to The Star.


NEW YORK, April 29.-Insurance
stock in the New York City market
moved slightly higher during the
last week. according to figures COM
piled by Holt, Rose & Troster.
The aggregate market value of 20
leading fire and casualty insurance
issues on Friday, April 26, was $685.
567 900, compared with 614,407 900
at the close of the previous week, an
increase Of $2.160, 900 or 0.35 per cent.
The current average yield of the
20 issues is 3.87 per cent, compared
with yield of 1888 per cent on April
10. The current market value equals
1.02 times the reported liquidating
value unchanged for the week.
Evening star., 1940-04-29
| Soviets Receive
Less Copper
From u. S.
By the Associated Press.

By the Associated Press.
NEW YORK, April 2o.-Russia
received nearly one-fifth less copper
from the United States In March
than in February. trade figures re-
leased today showed.
United States shipments to the
Soviets in March totaled 5,584 tons,
compared with 6.408 in February
and 26,603 in January. In the first
three months of 1889 no shipments
of United States copper to Russia
were reported.
Total exports Of copper in March
declined to 32,158 tons from 35,656
in February and 57,604 In January
Evening star., 1940-04-29
Metal Market

NEW YORK, April % A.-Copper
steady: electrolytfe spot, CONNECTICUT valley valley,
l1.25-50; export f.a.s. New York, 1I.2b
Tin steady: spot and nearby. 1850; for
ward 47371a. Lead steady, spot. New
York, 5.10-l5: East st. Louis. 495. Zinc
steady: East St. Louis. spot and forward
5.75. Pig iron, No. 2 fob Eastern Penn
sylyania. 24.00: Buffalo, $500; Alabama
1898 Aluminium. virgin 90 per cent
1900. Antimony. Chinese, spot, 1929
Quicksilver. III .00-175. 90, nominal Plati-
mum. pure. 1000. chinese wolframite
duty paid. 2200-24.00 nominal Domestic
scheelite, 200.
Evening star., 1940-04-29
Sales of Mechanical
Stokers Increase
BY the Associated Press.

BY the Associated Press.
The Census Bureau reports that
factory sales of all types of mechan-
ical stokers in the first quarter of
1910 numbered 11,725. This COM
pared with 10,117 units sold in the
first quarter of 1899 and 8,S07 in the
1888 period.
Evening star., 1940-04-29
Sharp Recovery Seen
In 1899 Steel Nets
By the Associated Press.

By the Associated Press.
NEW YORK, April 29.-The steel
industry, in the red in 1888 to the
tune of 14,506,0O0, came back last
year with earnings of $14O,394, 900
after all charges, the American Iron
and Steel Institute reported today.
Figures as reported were based
on the operating results of COM
panies accounting for more than 80
per cent of the industry's total
output
On IAN average investment of S4,-
l80,600000 in 1889 the steel COM
panies earned AZ per cent on invest
ment,'' said the institute.
Evening star., 1940-04-29
$440, ,754 Net Shown
BY American Radiator
BY the Associated Press.

NEW YORK, April 29.-American
Radiator g. Standard Sanitary Corp.
and United States subsidiaries
earned net profit of S440,754 in the
March quarter, equal after 7 per
cent preferred dividends to cents
common share, against net loss of
1907 ,042 in the same period of 1899.
Evening star., 1940-04-29
Stock Seat Price
Declines $1,000
To $4,000
'y the Associated Press.

NEW YORK, April 29.-Arrange-
ments were made today for transfer
OF seat in the New York Stock
Exchange at $4,000, a decline OF
$1,000 from the previous sale, which
equalled the years highest price.
Low for the year of $4,000 was
touched in early February.
Evening star., 1940-04-29
Boston Wool Market

Department of Agricuture) Very little
business was being transacted in the Bos-
ton wool market today. Members of the
dealers buying in several producing areas
OF the West and midwest Mills and top
makers were reported showing little in
terest in accumulatinR wool
Evening star., 1940-04-29

Quotations furnished by National Asso-
citation of Securities Dealers, Inc, which
transactions or firm bids or offers. but
should indicate approximate prices. and
unless otherwise indicated. are as quoted
bv the SPONSORS or isuers
ssNot quoted by sponsors or issuers
Evening star., 1940-04-29

Also extra or extras.
Quotations furnished by National Asso-
cia ton of Securities Dealers Inc. which
states they do not necessarily reflect actual
transactions of Arm bids or offers, but
should indicate approximate prices.
Evening star., 1940-04-29
Investing Companies

NEW YORK. April % LPl-National
Association Securities Dealers. Inc:
Moon quotations.
Evening star., 1940-04-29

London Tin Prices
LONDON. April % P,.-Tin IRREGULAR
spot f254. 15s bid. 1855 asked; future
$50: 5s bid, f251 asked.
Evening star., 1940-04-29
Federal lund Banks

NEW YORK, April 29 up,.-Federal Land
Evening star., 1940-04-29
Insurance Stocks

NEW YORK. April 80 dP,.--Nationa As
sociation Securities Dealers, Inc:
Evening star., 1940-09-07
Congress Members Told
OF leqion Draft Stand

Letters are being sent today to
Chairman May of the House Mill
tary Affairs Committee. Represent
ative Wadsworth, Republican OF
New York and Senator Burke
Democrat, Of Nebraska by Victory
Post, No. 4. American Legion. in
forming them of the posts stand
on the conscription bill taken at a
meeting last night.
A resolution 'to petition Congress
Immediately to pass the pending
Selective Training Act and not de-
lay its operative effect for go days,
whether or not the purposes there
fore be of political or appease-
ment nature" was passed unani-
mously by the $50 members of the
post and its auxiliary present at
4l4 Ninth street NV. last night.
The post also voted a resolution
that "the recent appeasement dem
onstrations in front of the United
States Capitol and in the halls of
Congress are heartily deprecated by
this group OF former service men"
Officers installed were Max Bogen,
Silver Spring. Md, commander:
Harlan Wood. first vice commander; !;
A. N. Schroeder. chaplain; Joseph
w. Hanley, sergeant at arms and
color bearer John F. Smith, color
guard; Clyde Lanham, Judge advo-
cate; A. P. Gill, adjutant, and
Charles F. Pierce, finance officer.
Evening star., 1940-09-07
Air Corps Reorganization
In -Four Districts Studied

Reorganization of the Army Air
Corps into four "air districts in the
United States and an air force" in
the Panama Canal and Hawaiian
Departments is nearing approval by
the War Department, it was learned
today.
The proposal is expected to add Is
general officers and in effect provide
a decentralization of control of the
various air sectors. Under the
present setup there are three air
wings on the continent and one each
in Panama and Hawaii.
The new organization would pro-
vide six pursuit, one light lombard
ment and three bombardment wings
in the United States. One pursuit
wing each will be in Panama and
Hawaii, and a composite wing is
expected to be located in Puers>
Rico.
Evening star., 1940-09-07
Episcopa|ians Postpone e
Action on Merger
BY the Associated Press.


NEW YORK, Sept. THE Ma
tional Council of the Episcopal
Church said today that final action
on proposals for union OF the Pres
byterian and Episcopal Churches
would not be asked Of the Episcopal
General Convention next month
The council issued a report OF
the commission on approaches to
unity, in which the proposed con-
cordat was objected to as "a pre-
mature effort to get something done
quickly"
Other objections the report said
various members raised were that
the lalty of the churches involved
need to be drawn together before
action is taken; that the rite of
confirmation is ignored; that the
administration of the sacraments is
not sufficiently provided for and
that there are differences on
the conception of holy orders"
Final action, the report said. would
not be asked until "the matter had
received consideration" at the Lam
beth Conference. a meeting in Eng
land of all branches of the Anglican
Communion, to have been held this
year, but postponed because OF war.
Evening star., 1940-09-07
lckes Aide Gets Leuve
To Help in Cumpoiqn

Secretary of the Interior Ickes
confirmed reports today that he has
granted Assistant Secretary Oscar L.
Chapman two months leave of alb
sence without pay, at Mr.. Chap
mans request, to enable him to take
part in the presidential campaign.
Mr.. Chapman said he is exempted
from the provisions of the Hatch Act
controlling the political activities of
Government employees. but is taking
the leave OF absence because he ex-
poets to remain out of Washington
until after the elections. 1t was re-
ported he will assist former Gov.
Leslie Miller of Wyoming, who is
setting up Democratic headquarters
in San Francisco to direct the cam
paign in the Far West.
Evening star., 1940-09-07
Hurricane Threat Costs
Ocean City $4,000
BY the Associated Press.

By the Associated Press.
OCEAN CITY, Md, Sept. THE
threatened Labor Day storm which
never developed cost Ocean City
an estimated S5OO0O.
Chamber of Commerce officials
estimated that was the loss in rev.
enue which would have been paid
city merchants. hotelmen, restau-
rants and others if an expected
crowd had not been frightened
away by reports of a hurricane,
moving up from the South. Cam
cellations of reservations for the
week end poured in," officials said,
after reports of the storm threat
became widespread. Many persons
already registered at hotels evac-
uated the resort. The storm veered
to sea far to the south.
THE storm alarm was unneces-
sary and uncalled for" one Official
asserted.
The resorts misfortune was dis
cussed at Chamber of Commerce
meeting at which Robert Lee Crop
per, recently elected to the Ciy
Council, was selected president for
the ensuing year.
Others elected were Frank WAL
Ter and Daniel Trimper. III, first
and second vice presidents, respec-
lively: Miss Elizabeth Laws, secre-
tary, and Frank w. Truitt, treas
urer.
Evening star., 1940-09-07

u. :. Defense Needs
May Force Complete
Scrap Iron Embargo
Present System Of Special
Licenses for Exports
Doesn't Protect Nation

Advisability of placing a fiat en-
barge on export of scrap iron and
steel is under consideration by the
National Defense Advisory Com
mission, ofiicials said today.
1t was understood that the pres
ent system, requiring special licenses
for any shipment abroad of the
scrap material, was not working ef-
fectively to preserve this Nations
supply.
Speeding up of the armaments
program here was said to make it
necessary that all steel and iron
scrap in this country be retained
for Americas use. The proposed
embargo would be based on this
need, ofacials said.
In discussing reports that a COM
plete embargo soon would be pro-
claimed. one oficial remarked that
1t undoubtedly would be done event.
tually, so why now now?"
Japan is the chief purchaser of
scrap iron and steel from this coun-
try, obtaining more than 80 per cent
of her total imports of this strategic
war material here last year.
While any embargo would apply
to all nations alike, its principal ef-
feet naturally would fall on Japan,
which uses large quantities of metal
in manufacturing munitions for war
against China. The European war
has cut off most markets elsewhere,
with the countries involved needing
all their own scrap for their own
uses.
Evening star., 1940-09-07
Walsh Calls DESTROYER
Deal Very Dangerous
BY the Associated Press,


Chairman Walsh of the Senate
Naval Affairs Committee declared
yesterday the transfer of ANY part
of our Navy was a very dangerous
procedure if We really desired to
avoid involvement in the European
war and maintain our neutrality"
Senator Walsh said in a state
ment, commenting on the transfer
of so destroyers to Great Britain, he
sincerely hoped my apprehension
about the serious consequences of
this transaction may not be real
ized."
He said he had known for some
weeks that the negotiations were on
and my views were made known
and I stated my position to the
Navy Department on several occa-
sions."
He added, however, Il always
favored the obtaining of naval and
air defense bases on the Western
Hemisphere" which was part of the
deal.
Senator Walsh estimated it would
cost close to $1,000. 900 900 to replace
the destroyers.
Representative Reed. Republican,
OF New York introduced a resolution
yesterday directing the Secretary of
the Navy to tell the House whether
American citizens had manned any
destroyers, sold to Britain, into a
bellgerent port.
Evening star., 1940-09-07

cinity did you notice any cloud con.
ditions OF any kind, any thunder.
heads?
Mr.. Kieth-No.
Mr.. Kieth said that apparently
| there was no lightning in the area
| that his radio signals were clear
and that the air was smooth around
Leesburg. He said he had ridden
on planes through several thunder.
storms but lightning had never hit
his ship. Since the Lovettsville
| scene was to his rear as he passed
over Leesburg, he said he could not
know the cloud conditions there be-
cause he could not see we'll to the
planes rear His plane had been
flying on instruments above clouds
from west of Pittsburgh into Lees
burg. he said.
Yesterdays witnesses who saw or
heard the airliner Immediately be-
fore it crashed in a corn field on the
farm of Clarence w. Bishop, not far
from the foot of Short Hill, left sew
eral mysteries which may be cleared
up by today's witnesses.
One of them concerns a second
airplane which apparently was cir
cling in the Lovettsville area before
and after the crash and which seems
to have been mistaken by at least
two Of the witnesses for the big Air
transport plane. Another deak
with a scorched envelope from the
airliner which futtered to earth be-
fore a group of threshers on the
farm OF Ernest Graham, q mile and
a quarter from the scehe Of the
crash at time estimated variously
at from 10 to 10 minutes after the
accident.
There also was testimony OF
freakish lightning displays, one of
the witnesses describing great balls
of fire" which seemed to run along
the ground over the corn field at
about the time of the crash. Others
attributed the accident to lightning
striking the plane or pilots.
The 81 lay witnesses agreed al
most without variation of detail
that the engines of the big plane
were opened suddenly to full throt-
tie, with roar heard distinctly for
distances of 4 miles or more. even
on the far side of Short Hill, and
that the roaring of the engines
ceased only with the impact of the
crash. The opening Of the engines
was the first knowedge most Of the
witnesses had Of the presence Of the
airplane. and there was general
agreement that it occurred only q
few seconds before the crash.
Testify on Fires.
There also was evidence that fire
broke out in at least three places,
widely separated, among parts Of
the wreckage, after the crash, one
Of the blazes rising high enough to
be seen by observers at a consider
able distance. These fires appar-
emily subsidized very quickly and
were described as "a flash" by some
of the witnesses. None of the oc-
cupants Of the plane was burned
and mail and baggage escaped the
fire.
Experts believe that the envelope