davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-06-17
French Capitu|ation
Is Offset by Huge
Arms Spending
Further Trade Loss
Not Regarded as
VitoI for U. S.
By the Associated Press,

By the Associated Press.
NEW YORK, June l7-Wall
Street experts said today the capit-
ulation of France to Germany
presumably meant another blow to
American foreign trade, but the
erect upon American industry would
doubtless be lost sight of in the
huge domestic arms spending pro-
gram.
American exports to France in
1889 amounted to sl81 1925, 900, which
was 81 per cent of all exports from
this country.
Total American exports to the
rest OF the world in 1899, however,
amounted to only 46 per cent of
this country's national income. and
with industry already beginning to
feel the stimulus of the $4,000 900 600
American armament program, busi-
ness analysts said the French loss
did not appear vital
At the same time it was under
stood the British purchasing COM
mission was preparing to take over
all OF the French portion of the
81 600, 100000 in war orders placed
mere by the Allies since September.
Overseas Sales Cut.
The gradual squeezing off of Amer
lcan trade with Europe, as the Reich
has successfully occupied Denmark,
Norway and the low countries, and
Italy has come under the British
blockade, has seriously cut into nor
NAL overseas sales of this country.
particularly Of agricultural products.
Some Wall Street sources pointed
out, however. that of total American
exports OF S3,l77 900 900 in 1899, only
about 40 per cent went to Europe
and of the total to Europe, we'll
over a third went to England.
Under the stimulus of war pur-
chases, and filling neutral markets
formerly supplied by belligerents,
American exports have lately been
running at the rate of about 81 4OOO,-
100000 annually.
Some analysts saw prospect that
agricultural products might event.
ually be needed in large volume in
Europe, as food supplies are used up.
How Europe would be able to make
payment, it was said, was a problem
still to be solved.
Gold Supply Huge.
The United States now has about
10 per cent of the known monetary
gold supply of the world. The total
in this country now exceeds 200O0,-
600, 900, of which about 81 ,27O 900 900
is being held for the account of
French central banks. A part of
this is presumably held for the Bank
of France.
The French had at the outbreak
OF the war monetary gold reserves
of about 100000 900, and at least
a fair portion of that is believed to
have been moved out of the country.
France has not been a large in
vestor in American securities. having
held sl85 100000 worth at the start
OF the war. Part of this may al
ready have been liquidated.
Evening star., 1940-06-17
Chicago Livestock

CHICAGO; June Y lP u. s. Dept. Asr.,.
-ISaianie DE. hoss, $4,000; total. $4,000;
ipots spot 2 8s higher teW Than Fridays syerage
10000 lbs, 5.oo-2o: good 40o-5oo sows,
LOOPS; lights. 4.35-50.
spring lambs slow: few early sales IS
lower; best natives, early, i0s5; other
bids. down: two loads fed old cron Ne
braskas, 9,25- ewes generally steady: td best best
Westerns, 4.25: few natives, . 50-375
Salable cattle, 5000: calves, I'2oo.
best steers steady early on order buyer buyer
account; sizable supply sold at S75-
1850; best weighty steers, 1915: bulk
crop unsold, however, and big packers
bidding lower both on shipper and local
accounts fat heifers steady; supply light:
S00,95O-ib. yearlins steers moderate;
stockers and feeders very scarce: supply
southwest-bred calves and yearlines di.
rect to feeder dealers; replacement market
slow: best fed heifers, 1000: those scaling
approximately 1000 lbs: numerous loads
s75-9.55; beef cows tending lower; can.
ners. and cutters steady to weak: bull.
steady to weak: weiehty sausage offerins'
- to 7,35: vealers steady to weak: few
select. 1000.
Evening star., 1940-06-17
Foreign Markets

LONDON June II lp,.-Neys of the
French capitulation resulted in new losses
IN the securities market today, but trade
came almost to a standStin. Bargain
hunting developed In several sections of
the list, but most traders waited for full
results Of the European move
severe declines were scored for many
industrials and pronounced weakness ap-
peared in mining stocks Prices for British
government bonds were made on the basis
quotations
L1VERPOOL.--Cotton futures lost sharp
early gains and plunged to the permissible
mlnlmum limits today on reports of a
French peace move. Final prices were un-
changed TO q points lower
Evening star., 1940-06-17
Dry Goods Market

NEW YORK. June II PA substantial
business In rayon goods was reported to-
Gay with pigment taffetas, satins and twils
holding the spotlight. ConverterS were said
70 be covering third-auarter requirements
AZ price advances of "a to % OF a cent q
yaTd over last weeks levels.
Iraolng in cotton goods diminished
Sharply with .converters keeping to the
Sloellnes. little business was done in
heavy goods Prices were steady. however,
holding all of last weeks advance
SIX remained quiet. Buying for both
wholesale and retail fall trade in the full
faShloned hosiery market is expected to
start this week
The woolen goods section was dominated
oy Government defense orders. Prices
were strong.
Evening star., 1940-06-17
| Treasury Offer
accepted by
| Most Holders
BY the Associated Press.

Secretary Morgenthau announced
today that holders of $279 1884, 300 of
1852 3,450 Treasury bonds which
came due Saturday had accepted an
offer of new securities instead of
cash.
The new securities were per cent
34 year Treasury notes. The ma
turing bonds were 33s per cent IL
year bonds.
Treasury officials said the approx
imately 70 per cent acc .,tance of
the exchange offer was about the
same as in previous years when the
Treasury refunded bond issues
which were widely held.
Evening star., 1940-06-17

some quarters, however. that Presi-
dent Roosevelt might issue an order,
such as he issued covering the
Scandinavian and Low Countries,
freezing French assets in this
country.
French gold altogether has been
estimated by the Federal Reserve
Board at approximately $4,000, ,0O0,-
600. Officials assumed that in addi-
ton to the amount in the United
States, another sizable portion
probably was in Canada.
Evening star., 1940-06-17
Crude Oil Prices

TULSA, Okla, June II (P.-Base crude
oil prices: Mldcontinent area, Illinois
LOS; Oklahoma Kansas gravity scale so
to 10; North, North Central and West
Central Texas. gravity scale. Il 10 1.03.
East Texas, 10; West Texas, gravity
scale. 53 to 95; North observation-disclosures
gravity scale. 73 to .05; Rocky Mountain
area, Salt Creek, Wyo., gravity scale. S6
to 1.10
Eastern area, PENNSYLVANIA grade BRAD
ford -Allegany). $50; same grade in South
in Eureka lines, 200; Corning liz.
Evening star., 1940-06-17
Metal Market
(Reported by Smith.

NEW YORK. June II R.-copper
steady; -electrolytic spot, Connecticut VAL
ley, 11.5s; export. f,a.s. New York, IL so.
Tin easy spot and nearby, 56.75 nominal
forward $500 nominal Lead steady;
spot New York 5.OO-5 .O5; East st. Louis,
4s5. Zinc, steady; East st. Louis. spot
ana forward, 6.25. Pig iron, No. .. fob.
Eastern Pennsylvania, "A 90: Buffalo.
23.O0; Alabama, 1898. Aluminium, virgin
80 per cent, 1900 Antimony, Chinese
spot; "A 90; Quicksilver, 2OO.OO-202 90
nominal. Platinum, pure, $500 Chinese
Wolframite duty paid. 225O-24. 90. Do
meStic sheelite % 90
Evening star., 1940-06-17
Assets NAV Be "FrOzen d"

Estimating that France had we'll
over $1,000, 100000 of gold, cash
and securities in the United States,
officials declined to speculate today
on what would happen to this
wealth if the French surrendered
The possibility was advanced in
Evening star., 1940-06-17
Industrial Activity
Assures Increase
In u. ). Jobs
Workers Will Be Needed
For Fost-Moving
Defense Program
By PAUL d. GESNER,


NEW YORK, June 17.-More Jobs
loomed for Americans this week as
business entered the final fortnight
of the first half of 1910 with indus
trial activity rising and plans being
rushed for around s5,000,0O0,000 of
Federal spending for home defense.
The European war, with its tragic
reverSes for the Allies, until recently
one of the factors tending to retard
and delay domestic trade, over the
week end took on added stature as
stimulator of quickened defense
building, hence sponsor of faster
factory operations in steel and other
lines.
More jobs-bigger pay rolls-be-
gan taking shape at shipyards, steel
mills, machine tool plants and air.
craft factories as speed became a
new primary factor. and business
leaders said acceleration was only
in the beginning stages.
Plans were under way for organi-
cation of complete new skilled and
semi-skilled worker units to man
long-idle plnats now being recon-
ditioned and retooled for the max
ing of guns, shells and other mill
tary supplies.
Additions Discussed.
Additions to working forces were
under discussion at industrial COM
panies already in production of de-
fense materials.
In dozens of peace-time lines plans
were going forward for bigger pro-
duction of consumer goods to meet
the demand created by faster worker
spending at busy industrial centers.
Quickened defense building, say
some experts, could bring good
times Of type to the Nation. Here's
how:
/. Steel companies begin turning
out defense steel. Car equipment
companies and other concerns
adaptable to production of guns,
shells and tank armor, begin max
ing war goods on Government order
Aircraft plants heighten military
craft output. Shipyards speed
work on gunboats.
2, AS pay rolls rise at defense
stimulated industrial centers work.
ers find more money in their poe
kets, Retail trade steps ahead.
Bigger become the sales of automo-
biles, apparel. furniture other house
hold goods and staple and luxury
items generally.
Consumer Goods Affected.
9. Faster sales of autos, apparel
and other consumer goods to work.
ers brings heavier production in
consumer-line factories. Jobs and
pay rolls in consumer industries
expand. too. Worker income expert
ences a rise similar to that in war
industry centers.
4. Qulckened trade expands prof
its for busy companies. Dividends
and top-bracket salaries rise. Then
come jobs for the millions of peo-
pie who perform services rather
than produce industrial goods
household servants, private chauf-
feurs, gardeners, porters, automo-
bile washers, gasoline station at
tendants. soda fountain mattresses
and handy men.
5. Steady money flowing into the
pockets of both industrial and serv-
ice workers enables these city dwell
ers to buy food in volume at prices
providing fair profit for the farmer.
6. The result of the cycle of busi-
ness expansion, such as could ac-
company quick and heavy defense
spending is: A period a balanced
prosperity.
Evening star., 1940-06-17

Quotations furnished by National Asso-
citation of Securities Dealers, Inc, which
states, they do not necessarily reflect
actual transactions or firm bids or offers,
and unless. otherwise indicated, are as
quoted by the sponsors or issuerers.'
'Asterlsk Indicates, mot quoted by
sponsors or issuers'
Evening star., 1940-06-17
Washington Exchange
SALES.

Capital Traction 1st $500 at 90.
Capital Transit Colo at IL; 10 at
12; 10 at IL.
Washington Railway g. Electric pfd.
40 at 109.
Potomac Electric Power 60 pfd.-5
at 112.
Capital Traction 1st 5s-sl 900 at
9812.
Evening star., 1940-06-17
Machine Pool Urged
To 5 speed Up Work
AT Auto Plants
Advocated as Stopeup
Measure to Meet
Tool Shortage
Ep the A ssnciated Press.

By the Associated Press.
DETROIT, June 1T-Commenting
on a shortage of machine tools and
its effect upon the automobile in
dustry preparing for new models and
a gagantic arms production Program,
Wards Automotive Reports says in
its current issue:
VIRTUALLY all of the automotive
plants have on hand tools used in
previous years, dropped from pro-
duction operations because better
units have been made available
These plants in many instances also
have current-model surplus ma
chinery. The shortage of machine
tools in the present situation lends
to the thought that many of these
available and unused tools might be
put to work.
Setting up of pool to facilitate
transfer of required machines to the
points of need would be very effec-
tive stopgap until new production
units come from the craft shops.
Short Period Needed.
Operations of such pool would
not have to be of long tenure. Such
shops as Briggs, Lincoln, Packard,
Ford and others have thousands of
tool and die men whose work on
194l model requirements is well
along. These will be available for
other work shortly.
That, coupled with licensing of
machine tool exports. should speed
up in no mean degree the defense
tooling program"
Wards points out in its survey of
the. arms production situation that
while plants from one end of the
Nation to the other have received
informal word that volume releases
are likely to go forward at any
moment there has as yet been
no concrete movement into produc-
ton"
New Plans Required.
Releases which are being made
for warships, small arms and am
munition and the like" it adds, ARE
based on previous production pat
terms. Manufacture of the require
ments which will be produced by the
auto industry calls for new planning,
and this takes time"
Discussing the used-car situation,
the survey says that while the &C
emulation Of secondhand vehicles
continues to be "a point of embar-
rassment for dealers at many
points, reports from Chicago that
the secondhand pile-up there is
easing moderately presents a ray
Of encouragement"
This will mean" says the trade
publication, that wholesale buyers
who normally purchase there (Chi-
cago), may be forced to come further
East to do their buying thus aiding
the general national situation"
Evening star., 1940-06-17
London Tin Prices

LONDON, June II lP.-Tin easy; spot,
f"so los bid, f2S5 lbs asked future,
f2S6 los bid f2S7 asked
Evening star., 1940-06-17
Federal Lund Banks

Cuba is now importing little from
Europe.
Evening star., 1940-06-17
Investing Companies

NEW YORK, June II Up. National AS
soclatloa Securities Dealers, Inc.
CLOSING quotations
Evening star., 1940-06-17

Tex OlNIdend.
e 81 extra g S14 90 extra paid December
23: 1899. zoe extra. m 81 80 extra
SOC. paid September 20. 1898 So 90
paid in 1889 SOC paid December 90
1929 vs. 90 extra paid January. 1910
90 extra.
The Wilmington morning star., 1940-05-05
FIRST BAPTIST
CIRCLES TO MEET

The circles of the First Bantis.
church will meet this week as fo.
lows:
Mrs j. R. Jones, chairman
will meet with Mrs. Mary Habr
lis So, 9th street, Tuesday eyenira
at 8 o'clock.
2-Mrs. Roger Smith, chairman
will meet with Mrs. W. M. TODD
SIG Mum street, Monday afternooT
at $3.50 o'clock.
3-Mrs. Jennie Muse, chairman
will meet with Mrs. S. B. Tabb
500 Market street, Monday after.
noon at $3.50 o'clock.
Mrs. Donald King. Chairman
will meet with Mrs, J.. G.. Todd
1908 Carolina avenue, Monday aft.
ernoon at $3.50 O'Clock.
5-Miss Sudie Leonard, chair.
man, will meet with Mrs. M, l.
Kelly, 1908 Nets avenue, MONDAY
afternoon at $3.50 O'Clock.
6-Mrs. j. D. Freeman, chair.
man, will meet with Mrs. George
Johnson, 1903 Chestnut street
Monday afternoon at $50 O'Clock.
Mrs. G. B. Phillips, Chairman.
will meet with Mrs. l. J.. LaSura.
502 So. 18th street, Tuesday eve.
ming at s o'clock.
The Wilmington morning star., 1940-05-05
U. D. C. Chapters Will Have
Program On Memorial Day
Continued From Page Thirteen)

Continued From Page Thirteen)
err will need to subscribe to the
fund set up to maintain nurses for
the bedridden women at the Con-
federate Woman's Home at Fay
etteville.
According to an announcement
by Mrs. E. R. Mcclellan, of Fay
etteville, chairman of the home,
the council of state has advised
her that it had voted to appropri-
ate an amount necessary to main
tain the nursing staff at the Home.
Mrs. Garland Daniel, of Green's
boro, chairman of the Nurses fund
committee, suggests that now that
this fund is no longer to be raised
by the U. D. c., that chapters sub
scribe the amount they have been
giving to this fund to the special
education fund.
Contributions to the North Caro-.
lima Confederate Memorial Forest
to be planted in Pisgah Nationa.
Forest continue to come in, &C
cording to Mrs. Fisher. The On
slow Guards chapter at ]: ckson
vile, consisting of only thirteen
members, has sent nine one dolla,
bills to honor nine of their Confed
crate ancestors. The records O
those to be honored accompanied
the contribution. The Jacksonvill.
chapter is one among many tx
make individual contributions il
addition to the chapter donations
Mrs. j. Henry Fariss, of Greens
boro, the divisions new registrar
is urging chapters to secure new
members and re-instate old mem
bers SO that North Carolina can re
turn from the Montgomery con
vention next fall with the division
prize for most new members.
The Wilmington morning star., 1940-05-05

The North Carolina Junior Soro-
sis will entertain at a delightful
benefit bridge party on Tuesday
evening, May IA, at the Sorosis
clubhouse on North Third street.
All proceeds raised from this event
will be used by the club for work
inthe charity wards of the James
Walker Memorial hospital.
The following committee chair
men are making plans for this
tournament to be one Of the most
delightful to be given by the club:
The Wilmington morning star., 1940-05-05
Delightful Programs Arranged
For National Music Week Here

For ten years Wilmington has en-
joyed a full schedule of Music week
programs. The interest shown in
these Music week celebrations in
Wilmington has been marked
throughout the state, and has help
ed give rise to the statement heard
by a local musician that whining
ton is the most musical city in the
state"
The 1910 schedule of programs
for Wilmington's Music week
should be of great interest and
should be a fair indication of the
musical development of the city
during the past year.
One type of program will be in
cluded which has not heretofore
been scheduled-a recital of re-
cordings, which the Wilmington
The Wilmington morning star., 1940-05-05

meeting and plans were discussed
for organizing an inter-sorority
council. Several games we're play
ed and several contests we're held,
after which delicious refreshments
were served.
The meeting was brought to a
close by both sororities singing a
song dedicated to their sponsors:
the Alpha Zetas to Mrs. Ruth Nc
Carley, formerly Miss Ruth Par
ker, and the Alpha Adars to Mrs.
Otis Parker, formerly Miss Fora
Sellars. The meeting was then adj
journed.
The Wilmington morning star., 1940-05-05
Borromeys Feted
Dinner PARTY
At Country Club
Lieutenant And Mrs. George
R. Boyce Are Hosts On
Friday Evening

Lieutenant and Mrs. George r..
Boyce entertained Friday evening
at the Cape Fear Country club at
a lovely dinner party honoring
Lieutenant and Mrs. R. ]. Borro-
mey, who will leave shortly for
Boston.
Dinner was served at an attrac-
lively appointed table being cen.
tered with a bowl of spring flowers
and fanked by yellow burning tap.
ers. Following dinner dancing was
enjoyed throughout the evening.
Covers were laid for twelve
guests.
The Wilmington morning star., 1940-05-05
MISS POTTER T
AT LOVELY r

Mrs. w. B. Potter and Mrs. H. G.
Potter were joint hostesses at a
miscellaneous shower Monday eve
ming at the home of the former,
honoring Miss Iscelene Potter,
bride-elect of next month.
Miss Potter, the honoree, receiv-
ed many lovely gifts, after which
games and contests were enjoyed.
A delicious iced course was served.
Prizes were won by Miss Lavese
Miller, Mrs. Coreda Tate, and Mrs.
Alberta Waters.
Guests included Miss Potter, the
honoree; Mesdames Blanche o.
Neil, Dorothy Bryant, Gertrude
Gore, jamie Watson, Ola johnson,
Idella Howell, Ruth Harrington,
Temple Roberts, Betty Potter, Lula
Benton, Alberta Waters, Stella
Landerth, Susan Skipper, Katie
Fowler, Coreda Tate, Geneva Jar
fell, Queenie Riley, Nora Fowler,
Violet Lietch, Beatrice Brewer,
Myrtle Seasons, Lura Sellers, Mar
garet Micklies, Wilma Powell, Ed
ma Bond, Fora Ganey, Hattie Mil
linor, Emmie Overton, Matte Full
wood, Willie Mae Skipper, Dosha
Mcneil, Pearl Leonard, Julia Russ,
Winifred Potter, Vernel Parritt,
Pat Croker, Betty Mae Skipper,
and W. B. Potter, w. T. Fales,
Berton Potter Harry Potter, Ben
ME Benton, Charles Ray, Billy
Potter, Joe Ganey and Arnold Ben
ton, and Misses Lavese Miller,
Mae Cox, and Thearl Watson:
The Wilmington morning star., 1940-05-05
WILMINGTON MUSICIANS
GIVE BEFORE
CONCORD MUSIC CLUB

CONCORD, May 4.-The Study
club and a group of music lovers
of Concord were entertained in the
home of Mrs. William c. Cannon
on North Union street Tuesday,
April 80, at 4 o'clock. The men,
bers of the Virginia Dare Book
club enjoyed the program as
guests Of Miss Naomi Moore.
A group of five talented musi-
clans from Wilmington, presented
a varied musical program. Each
number was announced in an in
teresting manner by Mrs. Horace
|Pearsall.
Mary Eunice Troy, pianist, show
ed exceptionally fine technique in
the Concert No. 4 D Minor" by
Rubinstein. Melva Carr Pearsall
played the orchestral arrangement
for second piano with unusual abil
ity and fine technique.
Florence Avery, soprano, de.
Lighted her audience with her inter
pretations of Life" (Curran) and
robin, Robin, Sing Me a Song
by Spross.
Laurel Howell Norden, violinist,
held the group with her mastery
renditions and feeling for her in
strument. She played "Air for G
String Bach) and a modern COM
position, Spanish Dance" Gran
ados-Kreisler). Later Mrs. Norden
played the Concerto No. 2 D
Minor Weinawski).
Cleve MCGOWAN, baritone, sang
a group of three distinct types OF
music: Die Melodieu eibt es
Muir" (Brahms), my Lady Walks
in loneliness" ernest Charles),
and "Cargoes" Dobson).
Mr.. McGowan's diction and
splendid interpretations showed
much talent in the art of singing.
Mary Eunice Troy later played
Clair de Lune" (De(bussey), and
the well-known "E Minor Waltz"
Chopin, two of the lloveliest COM
positions for the piano. Her tones
in "Claier de Lune" Oebussey),
and her Chopin number we're play
ed with skill.
1.-The Ave Marie lotto Olson
was exquisitely rendered by Flor
ence Avery, Laura Norden, Mary
Eunice Wells and Melva Carr
Pearsall.
Louise Cannon, lovely little
daughter of Mr.. and Mrs. William
c. Cannon, delighted the guests
with her renditions of Bobby
Shafto" and Jesus Loves Me-"
Mrs. Walter Lee Roe accompanied
her at the piano.
The Cannon home was artistical-
~ arranged with gorgeous gladioli,
snapdragons, double larkspur and
iris.
The guests were invited into the
dining room where Mrs. Robert E.
Jones presided. A delicious punch,
tinted sandwiches cut in patterns
OF Gala lilies, apple blossoms and
dogwood, cakes decorated with the
treble cleft and others in the shape
OF a violin added an artistic note.
The dining room was beautiful
with a gorgeous floral c~enterpiece
with six violin-shaped vases of
sWeetpeas around it. Little Dres-
den miniature pianos were a
in a decorative motif.
Receiving with Mrs. Cannon else
where in the house were her moth
er, Mrs. E. c. Craft of Wilmington.
Mrs. Charles Cannon and Miss Ma
omi Moore.
The Wilmington morning star., 1940-05-05
North Carolina Junior Sorosis
Will Entertain At Card Party

Table sales, Mrs. A.. B. Love, Jr.;
refreshments, Mrs. H. W. Stevens,
Jr.; party appointments, Miss Eliz-
abeth Hancock; decorations, Mrs.
Francis Jones; prizes, Mrs. Har-
old W. Wells, Jr.; soft drink sales,
Miss Elizabeth Farmer.
Those desiring to reserve tables
are asked to call Miss Gerda
Quelch, 2586-J; Mrs. A. B. Love,
Jr., 2298-M; Mrs. H. w. Stevens,
Jr., 1525-M; or Miss Elizabeth
Hancock. 1342-W,
The Wilmington morning star., 1940-05-05
MR.. AND R SMITH
MARRIAGE
|OF THEIR

Mr.. and Mrs. E. c. Smith, 6O2
Mercer avenue, announce the mar
riage of their daughter, Lille Mae,
to Ivan Dubberly, son of Mrs. H.
R. Hicks of Wilmington.
The marriage took place in Mar
ion, S. c., on April 81. The bride
wore a blue dress with white &C.
c%essories and a corsage of white
carnations.
MIR. and Mrs. Dubberly will
make their home in Wilmington.