davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-02-11
Cotton Closes Steady
Despite Selling
From Abroad
Final Future Prices
7 Points Lower to
As Much Higher
By the Associated Press,

BY the Associated Press.
NEW YORK, Feb. 10.-Despite a
mild drubbing from foreign sellers
early in the session, cotton futures
finished on an even price keel today
Final quotations were points lower
to as much higher.
A lower Bombay market inspired
pressure from that source at the
outset, dropping the list as much as
6 points. Prices recovered when
trade interests fired a small but
steady stream of buying orders at
the ring. Spot interests continued
to offer the March delivery, but this
was well taken. Hedging was COM
paratively light.
News from Worth Street textile
markets was gloomy. Sales on Fri
day, it was learned, were made at
concessions of as much as u cent
yard, mainly in broadcloths and
popular print cloth items.
Exports Friday 11,736 bales:
season so far 4,488,869. Port re-
ceipts, 24,736; port stocks, 2,998, ,073.
Range fnl1owS.
Evening star., 1940-02-11
Corporate Earnings
Soar s. Per Cent
During 1899
Goins Of 230 Loree
Firms Loid Mainly
To War Boom
BY JOHN L. BECKLEY,


NEW YORK, Feb. 10.-Profits OF
the first $50 large companies to re-
port results for 1889 were nearly q
half-billion dollars, or IS per cent,
greater than in 1898.
A compilation by the Associated
Press today placed earnings for the
group at $l,152,061 900, compared
with $704, &c, 900 in the previous year.
The years improvement was trace
able in considerable part to a war
stimulated boom in the final three
months of 1899, when industrial pro-
duction reached a 10-year peak.
Future ordering of many kinds of
raw and manufactured materials by
users who anticipated later demand
from the warning nations abroad
was potent factor in the boom.
Reach New Highs.
Earnings of ITO manufacturing
companies in the last three months
OF the year amounted to $272 ,742.-
600, a gain of 81 per cent from the
fourth quarter of 1938-the best
period of that year. Fourth-quarter
net of number of industrial cor
porations set new high records.
Profits for the year as a whole
disclosed two remarkable come
backs-by the railroads and the steel
industry. Heavy fall traffic, plus
strict control of expenses, enabled
% roads to show net income for
the year of $70,376,OOO, compal ed
with a deficit of $454.O0 in 1898.
The steel industry-traditionally
a prince or pauper-shed its rags
and rose to riches. The is COM
panies which have reported so far
increased their income more than
a hundred fold, from $l,2l1 900 in
1888 to $l14,558, 900 in 1899. During
the fourth quarter, near-capacitv
operations enabled these companies
to roll up profits of $66, ,O64 600
against $l3, ,901 600 in the same period
Of 1898.
Thirteen manufacturers of various
types of machinery benefited from
greater industrial spending, earning
$7,704,000, more than double their
1888 net of $3,736, 900.
Utilities Gain Less.
Public utilities and chain stores
showed more moderate gains. Twenty
utilities earned $l17,748,O 900 against
$106. $4,000 the previous year. Eight
chains reported a profit of $50, ,852. 900
compared with $48, sos 600 in 1888.
Food manufacturers and finance
companies which have reported so
iar had slightly lower profits than
In 1898. A sharp rise in raw material
costs, principally wheat, caused -
food companies to show net income
OF $32,017 900, slightly less than the
$33 5S3 600 earned the year before.
Profits Of eight finance companies
fell on fractionally from $32 ,823 600
IN 1888 to $50 ,244, 900 in 1899. A pick-
up IN business in the fall failed to
compensate for the low volume of
'eceivables from 1888 automobile and
appliance sales.
Other Upoy,v,~ nnv.n~>~~ A-,,
Evening star., 1940-02-11
Buying Power Expands.

Evidence that Washington buying
power is maintaining substantial
gains over year ago appeared last
night along with a new January
department store sales record
January department store sales in
the Capital, despite snow and cold.
scared 70 per cent ahead of a year
ago and were 10 per cent above the
same 1888 month. 54 per cent above
the 1887 month 64.7 per cent above
the 1888 month and 1862 per cent
above the 1929 month, according to
the Richmond Reserve Bank.
From the Labor Department came
a preliminary report on Govern
ment employment and pay rolls here
in December. 1t showed 155, ,10l per-
sons employed, with a pay roll of
$26. 1880 for the month.
These new high marks repre-
sented a gain of 9389 employees and
81 ,289, ,185 over the same month Of
1888, and an increase of 1895 en-
ployes and $2,658,s over the 1897
month.
Employment and pay rolls for the
last 13 months follow:
Evening star., 1940-02-11
Stock Recovery
Ends in Quiet
Profit Taking
Analysts Maintain
Optimistic Views
Despite Setback
BY FREDERICK GARDNER,
Assneiated Press Fina ncial Writer,

BY FNEOENlCk GANUNEN,
Associated Press Financial Writer.
NEW YORK, Feb. 10.-The stock
markets rallying drive faltered to-
day as quiet profit selling caused
leaders to back down fractions to
around a point.
Despite the slip after four sue
cessive rising sessions, the list
finished its best week since last
October and market analysts MAIN
| tanned a cheerful view of trends in
general.
The Associated Press average of
so issues was of i of point in the
brief proceedings, but for the week
retained a net advance of a full
point at 50.4. A year ago the COM
posite stood at SOB and a month
ago at 49.5.
Dealings were relatively light
throughout. although the turnover
Of $4,000 shares was the largest for
any Saturday since January 13. It
compared with POI .040 last week.
Most Losses Small.
Recent climbing steels and air.
crafts were under moderate pressure
in the two-hour proceedings, but
losses elsewhere usually were con-
| fined to minor fractions and, at the
close. an assortment of modest gains
was in evidence.
Boardroom discussion centered
principally on the administration
latest so-called peace" move While
Wall Street seemed bit puzzled over
this development. brokers said no
particular selling resulted. although
it was believed some potential buyers
NAV have stood aside to await clari-
f1cation OF the Washington shift. At
least the majority of financial
observers were unable to see any
nearby armistice no matter what
proposals this country may make to
the European belligerents.
Some cashing in on the weeks up
turn was attributed to the desire
OF traders to tighten commitments
for the forthcoming holiday. The
stock exchange and most other
domestic markets will close Monday
Tor LlncOlnS Birthday.
Sentiment Cheerful.
A moderately optimistic view was
taken Of business prospects with
thought given to the possibility the
current recession would fiatten out
shortly. An indicator was seen In
forecasts next weeks steel mill op-
erations would register only . small
decline compared with the sharp
slump this week.
| Cheering was the Federal Reserve
Boards summary of last weeks de-
partment store sales disclosing that.
for the Nation as a whole, distribu-
ton topped the like 1899 week by 8
per cent. In the preceding two
weeks the year-to-year gain was
per cent.
Among the days losers were United
States Steel. Bethlehem, Douglas
Aircraft, Boeing. Lockheed, Glenn
Martin. American Can, General
Motors, Chrysler, Eastman Kodak,
Allied Chemical. Santa Fe, Anacon-
da, Montgomery Ward and United
States Rubber.
New 1910 highs were posted for
Martin-Parry. Loft and Brooklyn
Manhattan Transit. Ahead also
were Union Pacific. American Tele-
phone, Loew's, Studebaker, Western
Union, Consolidated Edison. Du Pont.
Westinghouse and Johns-Manville
Marked down a notch in the curb
were Aluminium Co., American Cy-
anamid B" and Republic Aviation,
On the top side were Gulf Oil.
Brewster Aero and Bell Aircraft
Turnover of 10000 shares compared
with $1,000 a week ago.
Evening star., 1940-02-11
P. lorillord Co. Nets
s., 3,846,A2in Year
BY the Associated pres.

ny tne ASSoc1Ated Press.
NEW YORK, Feb. 10.-P. Lorillard
Co. and subsidiaries reported for
1899 net income of $3,84e, AZ, equal,
after per cent preferred dividends
to $1.6a q common share compared
With $4,0l3, ,32o, or $l.7S b share, In
1898.
Net sales for the year totaled So.
7oe ,6o2 compared with 1855 973,-
8e4 4,060.
Evening star., 1940-02-11
Peoples Drug
Volume Jumps
Above 1899
January Sales Rise
SIS Per Cent Ahead
Of Year Ago
By EDWARD C, STONE.

Net sales of Peoples Drug Stores,
Inc. in the first month of 1910
totaled s1.871 .770.79, in comparison
with $1,773.19l.7l in January, 1899,
an increase of 500, ,579.08, or 5.55 per
cent. it was announced at the head
ONCE of the big drug chain here
yesterday.
January sales revealed a larger
percentage gain than December,
when the increase amour > ID to SIS
per cent on dollar gain of $l27,-
6l3.34 over the same 1898 month.
The report, out yesterday, was the
firSt since the annual statement
showed that sales in 1899 totaled
S22 1925 ,447.71, an increase Of ST.
O90. .37142 over the previous year, or
Sol per cent.
In addition to the report on net
sales, it was also announced yes
terday that the directors of Peoples
Drug Stores have declared the regu-
lar quarterly dividend of Is cents
per share on the common stock, pay
able March to stockholders of
record April /.
Heads Acacia Branch Ofiice.
William Montgomery, president of
the Acacia Mutual Life Insurance
Co., last night announced the
Evening star., 1940-02-11
Maphis Banquet Chairman.

AoA ooAANuGO Ol
District Chapter.
Chartered Life
U n d e r " riters.
was. announced
by President H.
Cochran Fisher
yesterday.
The banquet is
to- be held on
March Is, at the
Carlton Hotel.
Serving with Mr..
Maphis as Cen
eral Committee
m e m b erS are
Bernard L. Will
Evening star., 1940-02-11
Leading U. S. Markets
To Observe HoIidoy
By the Associated Press.

6y the Associated Press,
NEW YORK, Feb. 1o.-Leadine
domestic security and produce ex.
changes will suspend operations
Monday, February II, In observance
OF Lincoln's Birthday.
Chiefly affected will be the New
York Stock Exchange and Curb
Exchange, the New York Cotton
Exchange and the Chicago Board
Of Trade.
Several Southern markets, in
Guiding Savannah naval stores and
New Orleans cotton, will remain
open as usual.
Canadian and European markets
are not affected.
Evening star., 1940-02-11
HeIme & Co. Earns
$1,666,645 in 1899
BY the Associated Press.

NEW YORK, Feb. l0.-George W.
Helme d Co., Inc, reported for 1898
net profit Of 81 ,666, ,645. equal to 1856
. common share, compared with
1855, ,0S6 or 1884 . common share
IN 1898. The company, snuh manu.
facturers. has plants In New Jersey
and Delaware.
Evening star., 1940-02-11

Appointment OF
Joseph A. Bar
beau as man.
ager of the COM
pany's District
of Colu m b i a
branch. He sue
ceeds Samuel E.
Moores, who now
is Acacia's field
vice president.
Mr.. Barbeau
Joined the COM
pany in July,
1888, as an agent
in the District
of Colu m b / a
Evening star., 1940-02-11
d. G.. Trend More Stable.

Hotel business Is more stable here
than in other cities covered by the
Horwath & Horwath report.
The Capital index of total sales at
its depression low of 81 in 1892 was
far above the others and at 86 in
the most recent year. It had recov-
cred the most toward 1929 levels.
The full difference is not illustrated
in the table below because in all
cities except Washington and Chi
cago the depression low came in
1888 rather than in 1892.
Indexes of total hotel sales for
1882 and 1899, expressed in per-
centages of their 1929 levels, follow
Evening star., 1940-02-11

poor showings in February, March
and December.
December business showed mod
crate declines from year ago, as
in many other cities.
Percentage changes from the
same months of the previous year
are given below in the various CLASH
fications along with the percentage
Of occupancy by months:
Evening star., 1940-02-11

tual Life Assurance Co.; H. Coch-
ran Fisher, Aetna Life Insurance
Co.; r. w. Griswold, Guardian Life
Insurance Co.; Earl w. Sapp, New
England Mutual Life Insurance Co.;
H. l.. Choate, Mutual Benefit In
surance Co.; j. B. Cleland, jr., Mu-
tual life of New York, and j. H.
Baldwin, Northwestern Mutual Life
Insurance Co.
Subcommittee appointments were
Loehl O'Brien, Massachusetts, Mu-
tual, chairman of printing; Paul D.
Sleeper, Aetna Life, chairman of the
Guests Committee, who will be as
sisted by L. c. Crawford, Travellers:
r. w. Castle, Massachusetts Mutual
and R. L. Baldwin, Northwestern;
John L. McElfresh, Connecticut Mu-
tual, treasurer: James A. DeForce,
Continental American Life, chair
man of publicity.
Outstanding business and civic
leaders, as we'll as governmental Of
nciais, will be guests of the chapter,
about $50 attending the banquet.
Retail Sales Up Sharply.
Sales in Washington department
stores for the week ending Febru-
ary 3 were 4.6 per cent ahead of the
corresponding week in 1899, scared
1877 per cent ahead of the previous
week this year and for the four
weeks ended February were 81
per cent ahead of the like period q
year ago, the Federal Reserve Bank
Of Richmond reported yesterday.
Sales nthe whole fifth district
for the week ended February 3 were
up 8 per cent over last year and
for the four weeks were up per
cent. They were also 9 per cent
ahead of the previous week. Reports
for Baltimore and other cities
showed notable gains.
Yesterdays weekly statement fol-
lowed the Richmond Reserve Bank S
monthly trade review which showed
department store sales in Washing
ton in January as ~ per cent ahead
of last year and trade in the fifth
district 9.5 per cent ahead OF jan
uary, 1899.
All Banks Open Tomorrow.
All the banks in the Capital will
be open as usual tomorrow, Lincoln s
birthday anniversary. All the broker
age houses in the city, however, will
be closed rs the New York Stock
Exchange win not be operating.
The Washington Stock Exchange
also will be closed.
On the Washington Stock Ex-
change yesterday Anacostia & Poto-
mac r. r. SIS sold at 10l on a $1,000
transfer. Washington Gas IS, 1850
also were strong, selling at 128. The
bonds closed yesterday with 129 bid
and 1872 asked. For long time they
have been the highest priced bonds
on the board.
Waverly Taylor to Speak.
Washington Chapter, Society of
Resident Appraisers, will hold the
February meeting on Tuesday eve
ming at 8, at the ofiices of Vernon
Owings, 143l I street NV, with
Waverly Taylor, realtor, the princi-
pal speaker. Mr.. Taylors subject
will be "Appraising from Blue
Prints"
Evening star., 1940-02-11
Building Activity Slows.

Unfavorable weather played a
major part in slowing building ac-
tivity in the Washington metropoli-
tan area during January, prelim-
mary reports from the various
building ofYices showed.
Activity in the District itself sank
to $l,4l3.255, well behind $3,572, ,46l
for the same 1899 month, slightly
ahead Of the 1898 month, but be-
hind levels of both 1887 and 1895.
All adjoining sections except
Fairfax County and the Eastern
metropolitan section q Montgomery
Evening star., 1940-02-11
IUtHI Nm. HeSL Z. I'm
Sales Sales Sales Rat,
Total "a "a - a
PHILADELPHIA Takes Lead.

Philadelphia Takes Lead.
Philadelphia hotels made the best
showing in December, although New
York and Chicago also recorded
gains. The December report giving
percentage changes from the same
1898 month follows:
Evening star., 1940-02-11

February, 1885, was promoted to
unit manager.
He has been a consistent member
OF the William Montgomery Quality
Club, honor organization Of Acacia's
held representatives, and is director
OF the District of Columbia Life
Underwriters Association.
Maphis Banquet Chairman.
Appointment of J. Alan Maphis,
OF the Equitable Life Assurance
Society OF New York as general
chairman to arrange for the an
Evening star., 1940-02-11
All Sections Gain.

The executive branch, largest
Government section, continued to
lead the way to new high ground,
although gains also were shown by
all other divisions.
Comparative figures on the ju-
dicial branch and the military es-
tablishrlent are not available as
yet, but the table below gives De-
cember totals of the last three
years for the entire Government,
the executive branch, the legis-
lative branch and the District gov
ernment:
Evening star., 1940-02-11
Range follows:

Cettenseed OIL
Bleachable cottonseed oil futures nm
ished UNCHANGED to 2 lower today on q
turnover Of 20 contracts. March was
switched ct 90 and 30 points under Sep
temper Weekend and pre e-holiday everl-
ing no was done on small scale March,
7.01B: July 7.23B: September, 7.3I,
Crude oil In the Southeast and valley
nominal.
Evening star., 1940-02-11
Less Favorable.

sPhiladelphia low Of A reached in
1893. Last years index well below so for
1885 and 1897.
December Less Favorable.
Large increases over . year ago
in June, July, August and septem-
ber helped % eaSet comparatively
Evening star., 1940-02-11
INDUSTRIAL Activity
1896 1887 1898 1889 z'ii;sS; isS0

A. r. MARKET NEUTRALITY-SUSPICIOUS. barometers showed
marked improvement this week. traced above
based latest Associated Press Security prices
advanced substantially Commodities higher
weeks OF decline Industrial activity however, sumped
fourth September
Evening star., 1940-02-11

ChtcAge Cash Market.
c'sh Gasi ssnDs H. h:rs T. s.ss g. ss ssEn
white; 6sM; No. 2. s5N :ssis: q"
No, 2. white. -: No. =. 43-43la; sample.
az; No. l feed, 41h.
Barley. mating. 55-64 nom; feed.
1920 NOM: No. 3. mating: 63.
Soybeans. No. 9. yellow. 1.O7.
Field seed. per 100 pounds, nominal
4so.sss seed red Clover sSff. ci01ssd red
top $500. 90; alsike. 15.0O-1S.00; alfalfa.
1&.0O-23.OO.
Evening star., 1940-02-11
County recorded declines from the
same 1899 month.
District building totals for jan
llarV in Vari0llS YEARS f0llou,.
VIRGINIA.

JANUARY COtaIS IOr adjoining Sec
tions of Virginia and Maryland in
various years follow:
Evening star., 1940-02-11
New Orleans Prices.

NEW ORLEANS, Feb, 10 H,-cotton
futures were quiet and irregular here
today. Closing prices were steady point
net higher to 2 points lower.
Evening star., 1940-02-11
GOVERNMENT TOTAL.

Complete figures for the judicial
branch are not available as yet, but
the November totals were 443 en-
ployes and $102, ,709, and this branch
has shown only slight month-to-
month changes recently. The mill
tary establishment for which no
official pay roll is reported, listed
1851 persons at the end of Decem-
ber, compared with 5,416 on the
same 1898 date and 5,792 on the
1897 date.
Evening star., 1940-02-11
Highest in History,

AS December employment and nav
rolls normally are the highest in each
year. 1t was no surprise that the
executive branch totals for the final
1899 month were the highest Of anv
month on record. This section of
the Government is the only one with
employment records extending back
over long period Of years, but be-
cause of its leadership it is regarded
as barometer for both public and
private employment
AS a background for more recent
years, there were only 25,930 en-
ployes in the executive branch in
1905. This was increased to 41,417
In 1917 and at the war time peak
it stood at 117,76O. Then followed a
long decline which brought a post
war low of So $50 at the end Of 1925.
A gradual rise came next. Since
1893, gains have been spectacular.
Employees totals Of the executive
branch of the Government on De-
cember 81 of various years follow:
Evening star., 1940-02-11
MARYLAND,

West MONTE. East Montg. Prince
Met'politan. Met polttan. Georges.
Evening star., 1940-02-11

WinniDeg Prices.
WINNIPEG. Feb. 10 lR.-Cash wheat.
No ! Northern. S2A; No, 2. s0h: No.
Evening star., 1940-02-11
Heads Acacia Branch Office.

William Montgomery. president of
the Acacia Mutual Life Insurance
Co., last night announced the
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1940-09-20
MINNEAPOLIS PERSONALS

Mr.. AND MRS. BERT DAVID
SON and children are now residing
at 3715 Fourth Ave. So.
MRS. E. Fl. PAYNE, 3734
Fourth Ave. So, made a. hurried
trip to Milwaukee to be at the bed
side of her brother, Mr.. C. Harris.
She will return about September
%.
MRS. HARRY NEAL, 5S5@ EN-
erson Ave. No., who is president of
the Johnny Baker American Le-
gion, recently underwentfa major
operation at Abbott Hospital and
is now doing nicely.
The NEIGHBORHOOD BRIDGE
CLUB held it's first meeting of the
fall season Monday afternoon,
Sept. 16, with Mrs. Olin Wells, 3641
Fourth Ave. So. Mrs. Thomas Jack
son won first prize; Mrs. Harvey
Moss, second; and Mrs. Tom Car
rol, third. The next meeting will
be held at the home of Mrs. o. L.
Alexander.
MR.. AND MRS. ROBERT E.
PAYNE, 2S15 Elliot Ave. So, had
as their house guests Mrs. Jessie
Stigall and Mrs. Johnnie Jackson
and son, Paul, of Chicago. Mrs.
Stigall is the mother and Mrs
Jackson a cousin of Mr.. Payne.
MISS JEANETTE DORSEY
music director of Phyllis Wheatley
House, returned to the city Thurs
day, Sept. IL, after a three weeks
vacation at her home, Cuthbert
Georgia, and other places in the
state and South.
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1940-09-20
Social and Personal
= ST. PAUL =
By Estyr L. Bradley
500 Carrn1E A-ve-Dale 0612

thing right off the bat have apologize
anniversary 18th August
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1940-09-20
Social and Personal
Q MINNEAPOLIS Q

Tuesday evening" at the Phyllis
Wheatley House..
Mr.. TELA BURT, 1928 Eleventh
Ave-, entertained at a cocktail
party at his home Saturday eve
nings September IL, in honor of his
brother and his wife, Mr.. and Mrs
]. Burt, who were en- route to the
East from Los Angeles.
BIRTHDAY BREAKFAST: Miss
Gloria Gates, daughter of Mr.. and
Mrs. W. d. Gates, 1852 Bryant Ave.
No, celebrated her 14th birthday
with group of friends at a break
fast given by her parents at Road
side Parkway, on the new Belt
Drive.
Guests were the Misses Naomi
Whitaker, iona Langums, Vivian
Douglas, Lucille Ellis, Ada Collier,
Doris Riley, Susie Childress; Mas
tiers Hubert Carter, John Crenshaw,
Ira Allen, Scott and Prince Tyler,
James Davis, and Donald Gates.
Misses Elaine BaHon, Vesta and
Birda Lee Bonnell, and Mr.. Elmer
Childress assisted Gloria's parents.
MISS. MARIANNE CARTER,
daughter of Mrs. Lucille Cook, 1924
Fourth Ave. &c., left Saturday,
Sept. ID, en- route to Chicago, Bos-
ton, Washington, D. c., and New
York to visit relatives and friends.
In New York Miss Carter will visit
an aunt, Mrs. Annabelle Fender
CAST, who visited in Minneapolis
last month; and Mr.. Noel Baptiste,
foster-brother of Miss Carter's
mother.
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1940-09-20

The Minneapolis Urban League
Auxiliary met Sept. 10, at the home
of Mrs. Helen Smith, 1927 Fifth
Ave. &c., to determine the winner
of handmade tablecloth and nap
kins embroidered by Mrs. Marjorie
Beasley. Mrs. Violetta Walker was
the lucky person. Committee men,
bers were Mrs. Iva Massengill,
chairman; Mrs. Cora Taylor; Mrs.
R. B. Lynch; Mrs. Estella Simms,
president of the Auxiliary; and
Mrs. Ann Smith. The first regular
meeting of the Auxiliary was held