davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-11-26
Republic Steel Votes
Accent Dividend
On Common Stock
First Payment in Ten
Years Will Be Due
On December II
BY the Associated Press.

By the Associated Press.
CLEVELAND, Nov. 26.-Repub-
lie Steel Corp. today declared its
first common stock dividend in 10
years-one of 40 cents a share
payable December q to holders of
record December 10.
The way for the dividend was
cleared recently by payment of $18
a share arrearage on the company's
6 per cent cumulative convertible
preferred and by setting aside So
100000 to retire about half Of this
preferred issue.
Republics only other common
dividend was one of $l24 share
in the summer of 1890, few months
after it was formed by series of
mergers. The corporations nine
month net profit of $l2,633 1882 was
well above the best entire year in
its history-s10,671,343 recorded in
1899.
The corporation said operations
currently are above 95 per cent of
capacity land the fourth quarter
Is expected to be the best of the
year" The third quarter net profit
of the Nations third largest pro-
ducer was $6,183,879, close to its
record quarter of $6,772 ,692 in the
last three months of 1899.
With the common dividend and
preferred payments due January /.
the corporation will have disbursed
total of S6,897 ,375 in dividends for
the current year, an announcement
said.
Tom M. Girdler, chairman, said in
New York he believed the Nation
had sufficient steel making capacity
to handle both defense and the
usual industrial requirements, but
noted that the directors had au-
thorized construction of another
electric steel furnace at Canton,
Ohio.
IF everything in this country was
in as good shape as the steel in
dustry to handle United States and
British defense needs" he said
things would be all right"
Inc corporation S capacity 1or pro-
duction of electric furnace steel was
increased to meet armour plate and
other special metal demands grow
ing particularly out of war needs.
The new Canton furnace is the
fourth projected there this year,
each with go to 10 thousand tons
annual capacity.
In addition, he said, Republic has
been improving its properties in the
Birmingham area and is turning out
more metal in the South than ever
before.
The cost of the Canton furnaces
was not disclosed.
Further dividends on the COM
mon, it was pointed out, depended
entirely upon future business con-
ditions."
Evening star., 1940-11-26
Broad Expansion Pushed
Al Machinery Plants
By the Associated Press.

By the Associated Press.
NEW YORK, Nov. 26-To meet
the vast production task imposed
upon it by the national defense pro-
gram, the machine tool industry has
entered upon broad program of
expansion, the American Machinists'
Review said today.
Expansion of plant capacity is
much greater than supposed" said
the publication. To-day factories are
so per cent larger than in Novem-
ber, 1899, and construction of plant
additions is going forward"
The industry, it added, now has
an output twice that of year ago.
Operations are on basis closely
approaching $500 100000 a year, or
five times the annual business nor
mally handled.
The magazine asserted that pro-
gram of centralized mass production
of military planes is hardly beyond
the idea stage"
Tending to retard such plans, the
magazine said "are the difficulties of
getting together with distant plane
plants on matters of manufacturing
methods, limits, inspection of the
hundreds of items in a bomber. In
addition, there is the difficulty of
the shipping problem in connection
with the larger structural elements" !"
Evening star., 1940-11-26
President 10 GET
Final Census Figures
By'Next Saturday
House Apportionment
Statement Will Accompany
Secretary Jones' Report
BY OLIVER MCKEE.

Before the end of the week Secre-
tary of Commerce Jones will give
the president final figures Of the
1910 census, with statement of
the number Of Representatives in
the House to which each State
would be entitled under an appor-
tionment of the present member.
ship Of 435 based on the 1910 popu-
lation.
Under the law the report on popu-
lation for apportionment must be
transmitted to the Chief Executive
within eight months after the EMU
meration began on April /. Next
Saturday, therefore, is the deadline.
On January 8, or within week
thereafter, the President is required
to submit to Congress apportion-
ment tables based on two accepted
methods, that of major fractions,
which was used in the 1880 appor-
tionment. and that of equal propor-
tions. The first formula, according
to experts. will favor the larger
States slightly, Under the second
method the small States will tend
to get an advantage.
Can Propose Another Method.
On receiving the report the House
can either accept the apportionment
tables worked out by the Census
Bureau, ordering apportionment by
either the method of major frac-
tions or equal proportions, or 1t can
propose new legislation providing for
apportionment under some other
method.
If the House takes no Affirmative
action within so days the clerk of
the House will notify each Governor
of the number of Representatives
to which his State is entitled under
the method used in the last ap-
portionment, that of major frac-
tions. Reapportionment will apply
to the next congressional election
in 1912. 1t will not, therefore, af-
feet the membership of the House
elected this month.
Could Have 1000 Members.
Under the Constitution each house
is the judge of the qualifications
of its own members. No State can
have less than one Representative.
nor can there be more than one
Representative for each 10000 of
population. If the House so de-
sired it could increase its member
ship to more than 1000.
Census experts are now complet-
ing the statements of the number
Of Representatives to which each
State will be entitled under each
of the two methods. Under the last
apportionment approximately 80
States either gained or lost rep
resentation. Although census off,
cials are silent. it is believed that
the number of States whose rep
resentation will be affected by the
1910 census will be fewer than in
1890.
Evening star., 1940-11-26
Foreign Exchange

NEW YORK. Nov 26 P.-Excepting
small gains in the Swiss franc and Ar
gentine free peso and minor declines in
the dollars of Hong Kong and Shanghai.
foreign exchange rates today were un-
changed from the previous session. Trad
ing was inactive.
Late rates follow (Great Britain in
dollars. others in cents).
Canada.
Official Canadian Central Board rates for
United States dollars: Buying 10 per cent
premium: selling. l. per cent premium
equivalent to discounts on Canadian dol
lars in New York of. buying. 991 per cent;
selling. 900 per cent.
Canadian dollar in New York open mar
ket. 12ls per cent discount. or S7.06h
United States cents.
Europe.
Great Britain. official Bankers Foreign
Exchange Committee rates.. buying, 4.02
selling, 04: open market, cables, 4.04;
Germany, 40.07n: benevolent. 1850; Fin
I977n: Italy. sos: Portugal 4.OI: Ru-
mania. ASH; Sweden, 1886; Switzerland
23.22; Yugoslavia, 2.35n.
Latin America.
Argentina. -official 29.77: free. 1881;
Brazil. oficial, sos; free. sos; Mexico.
20.75n.
Far East.
japan; 23.4s: Hong Kong, 1917: shang-
hal. 6.10.
Rates in SPOT cables unless otherwise
indicated. Nominal.
Evening star., 1940-11-26
New York Produce

NEW YORK. Nov: 26 .1p.-Eggs. 2o,257;
steady to hrm. Mixed colors-Fancy to
extra fancy, 31h-33h2: extras, 81; graded
flrsts. 25: seconds, 22h-23: mediums, 22-
22l2; dirties, No. l, 211a: average checks.
RefTigerator-Fancy to extra fancy.
2312-251 "a; extras, 23; standards, 214-22;
firsts, Fl, seconds, 1890; mediums, ieK:
dirties. 10.
White-(Resale of premium marks, 81
39h): nearby and Midwestern premium
marks, "a -36h; specials 331s: standards.
bsayis1 mediums mediams No anss
261s;. pullets 22z-23
Refriserator-Nearby and Midwestern
specials. 242-27; standards, 23-23h:
1rsts, 21-21 "; mediums, 21h-22.
Browns---Nearby and Midwestern, fancy
to extra fancy. 33h-35Ha: specials. 80:
standards. %; mediums. 25-25h; pullets,
21k-22.
Duck eggs-33-34.
Butter, 961,115 firm. Creamery, higher
than 90 score and premium marks 3434-
3512; % score, cash market BAN: SS-91
score, 32H2-34A: S4-S7 score. s30-32.
Cheese, 433,41s; nrm. Prices un-
changed.
Evening star., 1940-11-26
Government Controls
Feared More Than
Initiation Itself
Possibility Of ImpuIsive
Policies Discussed
By Bonkine
BY the Associated Press.

BY the Associated Press.
NEW YORK, Nov. 26-Busines
is more concerned over possible in&
pulsive use of inf1ationary controls
in the hands of Government than
with imitation itself, the monthly
publication of the American Bank
ers' Association, Banking. said
At the same time, the magazine
said IAN increase of Is to 20 billion
dollars in the national debt during
the next two years has an infla-
tionary aroma that is hard to
escape"
The review mentioned three fac
tors tending Ito hold imitation
dangers in check.
Cd The customary level-headed-
mes of American business and a
widespread desire to cooperate
voluntarily in every effort to ad-
vance the defense program.
CD The dominant position of the
Government itself as buyer and
stabiliZer of prices.
90 Our trade with the fighting
countries is at low ebb, which will
prevent any serious bidding up of
prices for our goods among foreign
buyers.
The review asserted there were
three types of tempting devices"
for Government control of a sharply
rising level:
Cd The "gadget" type, which in
cludes "bookkeepers" magic of all
kinds, doing things to the dollar,
to gold, to bank reserves and to
the surplus stocks of cotton, grain
and metals"
CD The "housetop" method, based
on publicity and official statements
from Washington.
% The fiat" process, or price
fixing by decree.
Banking index of the general busi-
ness trend, obtained by a canvas
of 2,700 bank directors and bank
presidents, showed activity at very
high levels in all fields and in all
parts of the country.
Evening star., 1940-11-26
Private Enterprise
Encouraged in New
Defense Housing
Government Launches
Program to Construct
$3.50 Homes in II Cities

Greater encouragement to private
enterprise to provide new housing
facilities in communities swelled by
a concentration of national defense
industrial operations was being
sought today as the Federal Gov
ernment launched plans for imme-
diate Government construction of
homes for 6,750 families in II cities.
To stimulate private interest in
housing needs, two prominent hous-
ing and real estate authorities were
designated by Charles F. Palmer, de-
fense housing co-ordinator. to make
studies and recommendations in the
field. They were Philip Norton OF
Los Angeles and Morton Bodfish of
Chicago, both of whom have had
extensive experience in private in
dustry and at times have served in
Government capacities.
$3.50, 900, 900 Available.
Meanwhile, the Federal home con-
struction authorized by President
Roosevelt last night will be under
taken by the Federal Works Admin
istration out of approximately $780,
000,000 of Federal funds available
for such projects.
Officials said that private capital
would provide additional housing
for defense workers in some of the
communities mentioned, but that
private development was hindered
by fears that employment in defense
industries and in Army and Navy
establishments would diminish after
a few years.
Officials said that the homes au-
thorized by President Roosevelt
would be multiple dwellings-mostly
row houses with fronts varied to
relieve the monotony of that type
of construction. They will be for
married couples, it was said, and will
have two or three bedrooms each.
Most will be occupied by civilian
employees of the Army and Navy or
defense industries.
Houses to Be Frame.
officials said construction gen.
orally would be frame, but that the
houses would be built to last as long
as the average. Methods of man
agement after their completion have
not been decided upon, they added.
The communities mentioned in
Mr. Palmer's announcement yester-
day and the number of dwellings to
be constructed by the Federal
Works Administration in each are
as follows: Jacksonville, Fla, 300
Pensacola, Fla, 100: Charleston. S.
c., 600; Philadelphia and Camden,
N. j., 1000; Indian Head, Md, $50;
New London, Conn, 300; Boston,
1850; Vallejo, Calf, $50; Bremen
ton, Wash, 800; Island of Oahu,
Hawaii, 1000.
Evening star., 1940-11-26
Daily Oil Production
Shows increase Of
197,08S Barrels
Texas and Oklahoma
TotoIs Up; California
Flow Declines
b. the Associated Press.

b the Associated Press.
TULSA, Okla, Nov. 26.-Daily
crude oil production increased l97,-
08s barrels to 3,768 ,953 for the week
ended November 23, the Oil and
Gas Journal said today.
East Texas production was up IT,
$50 to 447 900; all Texas, 214,710 to
1,512,850; Oklahoma, 4,450 to 400
925; Louisiana, 2,485 to 284, 900, and
Eastern fields, so to 105,150.
California production declined
16,800 to 05,750; Illinois, 6,262 to
334,578; Kansas, 1850 to 190.850;
Michigan, 210 to 47,150, and the
Rocky Mountain area, $40 to "a, ,780.
Evening star., 1940-11-26
Chicago Produce

CHICAGO. Nov. 26 P.-Poultry. live,
/ car due. 27 trucks: steady to firm; ducks,
4l2 pounds up, white, II; geese. IL pounds
down, IL; over IL pounds, 11la; other
prices unchanged.
Butter, receipts, 759.O16; firm: market
unchaneed.
extra firsts, 2Sa: irsts. 81: current re-
ceipts. %: other prices unchanged
Potatoes, arrivals, rs; on track, 454;
plies heavy; demand slow; for Nebraska
Triunphs market slightly weaker for offer
ing other sections market dull; Idaho Rus
rado Red McClures, U. s. No. /, 1.55;
Nebraska Bliss Triumphs, rs per cent or
more U. s. No. l. | .35-70; Minnesota and
more U. s. No. l. COL .021a;. Bliss Tri-
umphs: S5 per cent or more q. 8. No. /,
1.05-35.
Evening star., 1940-11-26
Boston Wool Market

BOSTON. Nov. 20 lP.-(United States
Department Of Agriculture. .)-Scattered
inquiries were being received for domestic
wools on the Boston market today but
sales we're mostly of limited volume for
piecing out or specially purposes Prices
showed little change from last week.
Good French combing length fne terri
tory wools. in original bags, brought
short to average French combing length,
original bag wools, sold at 81 81 .02,
ferritory woo Wool vas quoted at szle0 cents. oHu
secured basis. while s2-S5 cents. secured
basis. was asked 70 rcombing one-quarter
blood
Evening star., 1940-11-26
YuIe Sovines Larger
In West Virginia
srecial Dispatch to The Star.

erecial Dispatch to The Star.
MARTINSBURG. w. Va, Nov.
26-The eight banks Of West Vir-
ginia's eastern panhandle area will
pay out $181 900 this week to nearly
5000 Christmas savings club de-
positors.
OF this total, Martinsburg's four
banks will distribute $4,000 to 3,400
depositors, the largest amount In
the history of the clubs here, sur
passing last years record total by
$4,000.
The clubs represent savings made
by depositors in Berkeley, Jefferson
and Morgan Counties.
Evening star., 1940-11-26
New Shares Proposed
By Burlington Mills
By the Associated Press.

By the EssoclaIeu FTesS'
NEW YORK, Nov. ga special
meeting of stockholders of Burling-
ton Mills Corp. has been called for
December to vote on proposals
to create a new issue Of 10000
shares of cumulative preferred stock
and increase the authorized amount
of common to 100000 shares from
700,O 900 now outstanding.
1t is proposed to sell for cash
to an underwriting group $4,000
shares of the new preferred to pro-
vide additional working capital for
the company, which operates many
mills in the South.
Evening star., 1940-11-26
S7O,oOO,OOO Issue
Is Registered by
National Dairy
Proposed Debentures
Would Be Used
For Refundine
~ the Associated Press.

BY the Associated Press.
The National Dairy Products
Corp, New York. fled registration
papers yesterday for $4,000, 900
worth of proposed debentures.
The company said, in its state
ment to the Securities Commission.
that proceeds of the securities
would be used primarily for re-
funding purposes. The proposed
securities would include SIS 900 900
of 3A per cent debentures due in
1860 and S15,000,000 worth of de-
bentures due 1e41-50. The interest
rate on the latter debentures will
be announced later.
Principal underwriters Of the secur-
tiles were named as Goldman, Sachs
& Co., and Lehman Bros, both CT
New York.
Evening star., 1940-11-26
Apple Stocks Large
At Berkeley Springs
s,,.c,sl Dispatch to The Star.

sltcisI Dispatch to The Star.
BERKELEY SPRINGS, w. Va,
Nov. 26-Oficials of the Berkeley
Springs Cold Storage announced
that 25,800 bushels of apples are
stored in the plant.
This is nearly 1000 bushels more
than the normal.
Although some apples have been
shipped the local building has been
filled for several weeks and there
is no immediate indication of move
ment now in the market.
Evening star., 1940-11-26
Industrial Building
EouuIs 1929 Marks
a. the Associatad press

Ry the Associated Press.
NEW YORK, Nov. 26.-National
defense spending has speeded up
industrial building in the United
States to a pace equal to that of
1929. construction trade circles said
today.
For the full year it is expected
that industrial building will show
a gain of 80 per cent over a year
ago.
Some authorities also predicted
a similar increase next year.
Evening star., 1940-11-26
Metal Market

NEW YORK, Nov 26 R.-Copper
steady: electrolytic SPOT. Connecticut VAL
ley. 100: export. fa.s. New York, 1000
50.35; forward. 50.35. Lead steady: spot
New York, 5.SO-s5; East st. Louis, 5.65.
Zinc, steady: East st Louis, spot and for
ward, 7.25. Pig iron, aluminium antimony.
quicksilver, platinum, Chinese wolframite
and domestic scheelite unbalanced.
Evening star., 1940-11-26

ciation Of Securities Dealers, Inc. which
states they do not necessarily reflect actual
transactions or hrm bids or offers. but
should indicate approximate prices. and
unless otherwise indicated are as quoted by
the SPONSORS or issuers.
'Indicates mot quoted by sponsors or
issuers q"
Evening star., 1940-11-26
New York Sugar

NEW YORK. Nov. 90 H,.-Raw sugar
January. .s5: March. 1.a0; May, 1.94.
Evening star., 1940-11-26
Rubber Futures

NEW YORK. Nov. % dR,.-Crude rubber
futures (oldl opened 70 IL lower. De.
cember. 2Q.67; March, 20.34-35; May,
1920 asked.
Evening star., 1940-11-26
London Tin Prices

LONDON. Nov. 20 R.-Tin. barely
steady: sDot f25s bid. f25s IS asked:
future. $3.50 15s bid, f260 asked.
Evening star., 1940-11-26
Investing Companies

NEW YORK. Nov. % R,.-National As
sociation Securities Dealers, Inc:
Noon QuotationsD
Evening star., 1940-11-26
a Also extra or extras.
/. n-,l.~l n. -.sl 80

Also extra or extras.
Declared or paid so far this year.
Quotations furnished by National As
sociation OF Securities Dealers. Inc. which
states they do not necessarily reflect actual
transactions or firm bids or offers but
should indicate Approximate prices.
Evening star., 1940-11-26
Insurance Stocks

NEW YORK. No. 26 0P.-National As
sociation Securities Dealers, Inc:
Evening star., 1940-04-09
Chicuqo Livestock

CHICAGO. April LF, Omitted States
Department of Aericulture) .-Salable hoss
1900: total. 26.OO0; general market more
active, b-1O lower than Mondays average
peelas peunds: a5se top seS On most good to choice
lsO-2T0 pounds 4.90-5.20; 210-33t
pounds butchers 4.SO-5 90: 400-55(
pounds packing slows. 4O0-35.
Salable cattle, $500: calves, 1.5Oo: fec
steers and yearlingS, 20-25 lower; mostly
steady to weak: medium to average gooo
Grades showing most weakness; measel
and yearlings here; supply cleaned ur
early at 1880 UP: top. %; most year
linss 11.oo; largely. s.25-1o5 SO market
with common grade steers G.25-1 5; clipper
and order buyers active on well finished
steers all weights; cows and bulls, 10-lI
higher, scarce; vealers strong to II
hieher: weighty cows in odd lots, 1000
light. vealers 9.a5 down; stock cattle
steady; scarce.
saiabie sheep. 1000: total. 1000 late
Monday fed wooled Western lambs closeo
1918 lower: two double Colorados 1880
bulk handy-weight, 10 1895. numerous
loads, 1918 and 1925; weighty kinds
down from 1000; bulk offerings, s.Ss5
averaging SIS pounds: small lot wooleo
Western ewes, 5 90: odd head natives. 3 90
4.25: spring lambs negliaible: today's
trade fat lambs active, mostly. 15-25
hieher: early sales handy-weight fed woole6
Western, largely 10.35-50; two doubles
1855: scattered lot lower grades, 10 %
down: two doubles shorn Western lambs
Evening star., 1940-04-09
Cities Service Co.
Reports S6,5S8,742
Net for 1899
Result Compares With
$5,814,515 Recorded
In Previous Year
BY the Associated Press.


NEW YORK, April 9.-Cities
Service Co. and subsidiaries for the
year 1899 reported consolidated net
income of $6,588,742 after charges,
compared with $5,814,515 in 1898.
The company has outstanding
654,278 shares Of So cumulative pre-
ferred stock, no par value: 1888
shares of preference "BB" So cumu-
lative stock, no par value; 97,3O5
shares of preference "B" 60 cents
cumulative stock, no par value, and
3,745,567 shares Of $40 par value
common.
I'm 1899 the company and SUBJ
sidiaries and utilities not controlled
reduced by $19,200.00O the amount
OF par or stated value of preferred
stocks, funded debts and notes pay
able outstanding in the hands of
the public" w. Alton Jones, presi-
dent, told stockholders in the an
nual report.
For the nine years ended De-
cemoer 81. 1889, the aggregate
amount of consolidated funded debt,
notes payable and preferred stocks
IN the hands Of the public has been
reduced by $162 ,2O0,O face amount
or stated value" he added. Inter
est charges for 1881 were $29 1853 900
and for 1889 they totaled $23 ,377, 900,
a reduction of $6,476,OO0 in annual
requirements"
Evening star., 1940-04-09
United Biscuit Co.
Debentures Offered
By Syndicate
Sofewoy Stores Issue
Of Preferred Stock
Also on Market
By the Associated Press.

By the Associated Press.
NEW YORK, April 9.-Public
Offering of 100000 United Biscuit
Co. of America 3h per cent 15-year
debentures at price Of 102 was
made today by a syndicate headed
by Goldman, Sachs 81 Co.
Proceeds from the sale will be
used for redemption Of an outstand-
ing debenture issue, repayment OF
bank loans and for working capital
which may in the future be used,
with other funds, for constructing
and equipping a new plant"
Regarding the contemplated con-
struction the debenture prospectus
said the new plant toward which
some of the proceeds may be ap.
piled would replace the pres
ent Streitmann biscuit division plant
at Cincinnati"
Safeway Stores, Inc.
A $16,000,0o0 refinancing program
for Safeway Stores, Inc, was ef-
fected through an offering of 147,.
688 shares of per cent cumulative
preferred stock at Sl08 a share.
The offering was made by group
headed by the firm of Merrill Lynch,
E. A. Pierce & Cassatt. Proceeds
will be used by the company to re-
deem the presently outstanding Z
per cent and 6 per cent preferred
stocks and for general corporate
purposes.
Safeway operates chain of food
stores covering a large section of
the country and five western prov
inces in Canada,
Evening star., 1940-04-09
Chicago Produce

CHICAGO. April 1P.-Poultry. live
25 trucks, Arm; hens over 5 pounds 151a:
Leghorn hens 13; other prices unchanged.
Butter, s09ss7; steady; prices un-
Esss, s5,3oe: firm; fresh graded extra
frsts. local. 16s4: cars, II; frsts, local,
1eh: cars: 1sa.: current receipts. 15k;
storaee packed f1rsts, 1sk: extras, 1871:
other prices UNCHANGED
Potatoes, 13l: on track. 4s3: total U.
fir quality slightly weaker; supplies
idaho Russet Burbanks.. .. S: No. /. very
few sales. 2;o7!s-25: U. S. No: 2. 1.?5;
sales. / l.76-2. 10, Nebraska bliss Triumphs,
q. S. commercials. washed. few sales. 2 90
45: Minnesota Ssndland section cobblers.
Y. s. commercials, I;55; Minnesota and
cobblers; ", s.; No, |. brushed, ,65: 1888
sifed, few sales, .1.35; Early. ohios. ao-s5
Rer cent 2 s. No: /: la4o75o; wisconsin
stock weak, supplies liberal; demand slow;
Florida Bliss. Triumphs, u. s. No /
=" washed. bushel crates, few sales. 2.o0-10;
Us. NJ: l; size B. 30; 5Q;pound sacks
e.00-1o: U. s.'No. /. size B. 1875.