davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-06-14
insurance Stocks

NEW YORK. June IA .p.-NationaI As
soclat!0n Securitles Dealers, Inc.
Evening star., 1940-06-14
Baltimore Stocks
Special Dispatch to The Star.

Japan's textile mills have stopped
cotton goods until all cur
rent stocks ar$sold.
Evening star., 1940-06-14
CHICAGO Stock Market

CHICAGO. June IA UPl.-Following is
the complete list of transactions on the
Chicago Stock Exchange today:
Sales STOCKS EiCn. Low. Last.
Evening star., 1940-06-14
Commodity Prices

attS: New. st tstp)-Stamped
SNeeotlaollity impaired by maturity
Evening star., 1940-06-14
NEW YORK CITY BONDS

HOME OWNERS LOAN
Ss 1944-52 106.17 l06.17 l06.17
Evening star., 1940-06-14
NEW YORK CURB MARKET

Stock and Sales
Dividend Rate Add 90. High. Low. Clt
Quaker oats (5)- zoos 81 81 9
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Acacia Directors Report
Insurance Gains Here

Record increases both in life
insurance sales and in the volume
of first mortgage loans in the
Greater Washington area were re-
ported yesterday to the Board of
Directors of the Acacia Mutual Life
Insurance Co. by William Mont
gomery, president.
Mr.. Montgomery pointed out that
for the first nine months Of this
year new paid-for business here
totaled S3,500,000, which compares
with 100000 for the correspond
ing period of last year in the Great
er National Capital region. This
brings the total volume of Acacia
insurance in force in Washing ION
and nearby Maryland and Virginia
TO more than $36,00O,00O.
According to the report, total
of So, 100000 was invested in first
mortgages here by Acacia during
that period, bringing the total of
mortgage loans in Greater Wash
ington to more than S29 800, 900, the
highest point in the company's
history. Virtually all these loans
are on single-occupancy dwellings.
The company is now employing
$50 persons in the home Office
here, the report stated.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Substantial Increase
In Home Furnishings
Sales Reported
September Average
1875 Per Cent Ahead
OF Year Ago
B, the Associated Press.

CHICAGO, Oct. 26. - Increased
consumers purchasing power, slim
ulated by Government defense ex-
penditures and European war sup
ply purchases, sent average sales
of home furnishings in September
1875 per cent over those of a year
ago, Percy Wilson, managing direc-
tor of the Merchandise Mart, said
today.
The upturn in sales volume oc-
Cured in the face of rising prices
noted in most lines, with threaten
ing labor shortages. increasing ma
terial costs and capacity production
pointing toward further price adj
vances, the survey of 1926 home
furnishings lines indicated.
Backlogs Grow.
At the same time, inability of
production to keep up with orders
threatens to impair the wholesale
Christmas business. since numerous
factories already flooded with I'M
filled orders. have received the addi-
tional load of Government orders
which must be given preference, "
Wilson said.
TIL giftware industry reported the
greatest gain in sales during Sep
TENDER. with an increase of 25.4
per cent over year ago, despite
an average per cent rise in prices.
Sales volume was 1875 per cent
heavier than the record-setting
August totals.
Furniture sales were 18 per cent
heavier than a year ago and 9 per
cent heavier than in August. al
though prices advanced 5 to 7 per
cent.
Sales of floor coverings rose l6.5
per cent over a year ago, although
manufacturers reported that orders
for higher quality goods are two TO
four weeks behind schedule
Other Sections Gain.
Curtains and draperies showed
a ola per cent gain over last year
levels and 1873 per cent over August
even though prices rose 10 per cent.
Lamp manufacturers lost sales due
to their inability to deliver goods
before Christmas, but showed an
increase of % per cent over year
ago. Small household appliance
sales rose % per cent over year ago
Domestic china, glass and pot
terry sales rose II per cent over
August and 1876 per cent over a
year ago levels Slight price in
creases are expected to be extended
with material and labor costs adj
vancing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
National Income Up Sharply
In First 9 Months of 1910

During the first three quarters
of 1910, the dollar income of the
American people increased by ap-
proximately $4,000 100000 over the
corresponding period of 1899, Sec
rotary of Commerce Jones an
nounced yesterday. Income pay
ments through September totalled
$50 1862 600 900 as compared with
$51 ,068, 100000 for the first nine
months of 1889. Total income pay
ments in 1910 are estimated at more
than $74,OOO, 100000, an increase Of
1900 100000 over 1899.
GAS the cost of living is con-
siderably lower this year than in
1930-about IS per cent-the ag-
gregate of income payments this
year represents a much larger VOL
ume of purchasing power than in
that earlier year." the Department
of Commerce said. in per capita
terms. the purchasing power also
was larger than in 1880, since the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27

population increase over this period
was about per cent"
Income payments during Iep-
TENDER totalled $6,446 900 900, as
compared with $5,787 900 900 in Au-
gust, and $6,025 10000 in September
of last year. This is the largest per-
centage change shown for any
month this year over the cores
ponding month a year ago. 1t re-
f1ected a sharp rise in dividend
disbursements over September Of
1899, in addition to the improve
ment in industrial pay rolls that
mas characterized every month Of
the year"
THE August to September rise in
the dollar income figure was partly
of seasonal character, and reflected
in large part the usual August to
September rise in dividend and in
terest disbursements. After allow
ance for seasonal influences the
department. income index ad-
vanced from 905 in August to Oils
for September.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Insurance Sales
Top Year Ago
In Capital
Volume for September
Reported ! Per Cent
Above 1899 Month
By EDWARD c. STONE.

Life insurance sales in Washing
ton in September showed gain OF
! per cent over September. 1899, and
In the first nine months of this year
ran per cent ahead of the like
1899 period, the life Insurance Sales
Research Bureau, at Hartford, re-
ported yesterday. The national gain
In September was Is per cent and
the South Atlantic States enjoyed
4 Is per cent rise.
September sales in the Capital
totaled $3.50 900 and in the nine
months, s47,601 900. Sales for the
whole country in the same month
amounted to $500, 427 900 and s4,-
1888 688 900 in the nine months, a
gain of per cent.
Virginia and South Carolina led
the whole United States in Septem-
Der, with business soaring SO per
cent above the record for Septem-
Der. 1889 Virginia agents wrote ST.
891 900 new policies during the
month and South Carolina, s3,67l,-
600 In the nine months sales of
S73 O4o 900 in Virginia were 10 per
cent better than a year ago. South
Cardinals gain was 10 per cent.
Washington also was outdistanced
by Maryland September sales OF
1882 900 being 9 per cent ahead OF
last year, and sales totaling ST. .824,-
900 being up per cent over the
corresponding nine month period
year ago, the report showed.
Dierkoph New Section Head.
Henry K. Dierkoph, who has been
elected chairman of the f1duciaries
section of the District Bankers As
ISOLATION, is assistant trust officer
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
$40 Dividend Declared
On ". R. & {. Common

Directors of the Potomac Electric
Power Co. have declared the usual
liz per cent dividend on the 6 per
cent preferred stock, payable De-
cember 2 to stock of record Novem-
Der Is, and the regular quarterly dis
bursement of $1.371a per share on
the 51a per cent preferred stock,
payable December 2 to stockholders
of record November Is.
Directors of the Washington Rail-
way & Electric Co. have declared a
$40 quarterly dividend on the COM
mon stock, payable November 80 to
stockholders of record November Is,
an increase of 81 over 1899 divi-
dends
The usual quarterly dividend of
$1.25 on the preferred stock, already
declared, will be paid on December
2 to shareholders of record No
.vember Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Texas Corp. Disc|oses
Profit
In Nine Months
Result Compares With
$l7,500, 900 in Some
Period Lost Year
BY the Associated Press.

BY the Associated Press.
NEW YORK. Oct. 26.-Texas
Corp earned in the first nine months
of the year net profit of s33 ,692 TIP
after provision for Federal income
and excess profits taxes, equal to
$40 a common share. w. S. S.
Rodgers, president, estimated to-
day. This compared with s17,5O0,-
900. or sl61 share, in the COM
parable 1889 period.
Rodgers said that about $500, 900
was charged against earnings as
part of the cost of operations in
Illinois.
The report did not include the
creation of reserves caused prin-
cipally by losses on foreign opera
tions. Rodgers said such charges
might approximate the earnings for
the last quarter this year If present
world conditions continued.
Otis Steel Co.
Otis Steel Co. showed net profit
for the September quarter Of S464.-
900 DelOlc plOFiolOii 1ol CASCoo l'ici
its taxes, equal after dividend re-
quirements on $3.50 cumulative con-
vertible 1st preferred stock con
which there is an accumulation of
unpaid dividends to 80 cents a
common share. This compared with
net loss of s184.517 in the Septem-
Der quarter last year and net loss
of s196 $50 in the June quarter of
1910 It's principal product is sheet
steel made in Cleveland plants.
Delaware & Hudson.
Delaware e. Hudson Co. and sub
salaries reported net profit for the
September quarter of S311 ,641 after
taxes and fixed charges, equal to 81
cents a capital share, excluding
shares held by subsidiaries, COM
pared with net loss of s766,654 in
the comparable 1899 period.
Bower Roller Bearing.
Bower Roller Bearing Co. reported
net profit for nine months ended
September 80 of 1926 ,569 after excess
profits taxes, equal to $2.76 a capital
share, against S627,531, or 5000 a
share, in the similar period last year.
The factory is in Detroit.
Spiegel. Inc.
Spiegel. Inc, Chicago mail-order
house, showed net profit for the
September quarter of s119,824 after
Federal income taxes at the new
rate. equal after $3.50 preferred divi-
dend requirements to less than l
cent a common share. This COM
pares with $94,319, or "a cents on
preferred, in the September quarter
last year.
L. A. Young Spring.
L. A. Young Spring & Wire Corp.
of Detroit and subsidiaries reported
net profit for seven months ended
July 81 of s488.158 after excess
profits taxes and foreign exchange
adjustments, equal to $1.19 a CAPT.
tai share. A change in the fiscal
year made an exact comparison with
last year unavailable. In the first
half of 1889 the company earned
S83 ,73O or 20 cents share.
Lehigh Coal.
Lehigh Coal & Navigation Co. and
subsidiaries for IL months ended
September 80 reported net profit of
S654,084, equal 10 "a cents a capital
share, against adjusted earnings Of
$113,881, or 6 cents share, in the
preceding II months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Meetings Draw Leaders
In Paint Industries

More than 1900 leaders in the
paint. varnish, lacquer and allied
Industries will arrive tomorrow to
attend two conventions being held
this week at the Mayflower Hotel.
They will be headed by President
Ernest T. Trigg of the National
Paint, Varnish and Lacquer Associa-
ton, Inc, and Robert j. Smith.
president of the Federation of Paint
and Varnish Production Clubs,
composed of chemists of the paint,
varnish, lacquer and similar groups.
Tomorrow and Tuesday will be
devoted to the 10Th annual conven-
ton of the Federation of Paint and
Varnish Clubs, to be preceded by
meetings of the Executive and Ad-
visory Committees of the federation
today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27

and was admitted to the District
Bar in 1926. He joined the Riggs
Nationals trust department in 1927
and in 1884 was promoted to the
position of assistant trust officer.
He has been active in the fiduciaries
section for several years, is a men,
Der of the Washington ID. c. Life
Insurance Trust Council and of two
legal fraternities.
At the same meeting, j. Wesley
Clampitt, jr., of the Union Trust Co.,
was elected vice president of the fidu-
Charles section and Aubrey o. Dooley
Of the Hamilton National Bank,
secretary. Lester A. Lawrence, Ma
tional Savings & Trust Co, was
elected to the Executive Council.
Troth on Insurance Program.
John D. Marsh, president of the
District Life Underwriters Associ-
alton, announced yesterday that
Paul Troth, from the New York Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27

College in 1890, he became a teach
er for a time and then served 1or
six years as assistant editor OF the
Eastern Underwater, becoming very
much absorbed in life insurance.
Mr.. Marsh stated that the speak
er was secured by Vernon w. Holle-
man, Home Life's Washington gen.
eral agent, and James R. Troth,
cousin. About $50 underwriters Will
attend the luncheon.
Nearly $50 Due at Election.
Nearly $50 leaders in the District
Building and Loan League have
made reservations for the annual
dinner and election of officers next
Tuesday evening at the Raleigh
Hotel. President William N. Payne,
ir.. announced yesterday. Dean
Elmer L. Kayser of George Wash
tngton University will be the CHIEF
speaker on After the War-What?
The Nominating Committee is
headed by R. w. Santelmann. Or
ficers are to be elected at $50 and
the dinner will start at $50. Mr..
Payne is slated LOT SeCoiio Iioih'
1t was said last night.
Dent Joins Metropolitan Staff.
Edward A. Dent, jr., has become
associated with the trust depart
ment of the National Metropolitan
Bank, President c. F. Jacobsen an
nounced yesterday. Mr.. Dent en-
tered the employ of the District gov
eminent in 1882 and in 1895 became
an examiner in the inheritance, es-
tate and income tax division OF the
assessors Office, from which position
he has just resigned.
Mr.. Dent was educated in various
Washington schools, took his law
work at Columbus University ana
in 1888 was admitted to practice
in the District Court OF the United
States for the District of Columbia
and in the United States Court OF
Appeals. He is the son OF District
Assessor Edward A. Dent.
Bank Joins Federal Reserve.
President Hugh Leach of the Fed
eral Reserve Bank of Richmond
announced yesterday that the Bank
OF Green, Standardsville, Va, has
been admitted to the Federal Re-
serve System.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Department Store Sales
Hold Above Year Ago
BY the Associated Press.

BY the ASSOCIATED PRESS.
The Federal Reserve Board esti-
mated yesterday that department
store sales during the week ended
October 10 were per cent higher
than in the corresponding week
last year.
Sales in the week ended October
II were estimated at per cent
higher than in the similar week a
year ago, while for the four weeks
ending October 10 they were per
cent above the corresponding 1889
period.
These Federal Reserve districts
reported increases last week: Bos-
ton, per cent; New York, 4; Phila-
delphia, 8; Cleveland, 7; Richmond
IL; Atlanta, IA; Chicago, IL: st.
Louis, 3; Minneapolis, 2, and Dallas,
II.
San Francisco reported no change
from a year ago, while Kansas City
reported per cent decline.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Bv FREDERICK GARDNER,
Associated Press Financial Writer.

ASSOCldItu fIfoS lildhSioI
NEW YORK, Oct 26-Stocks
ended the week on the advancing
side in todays market, with steels
and industrial specialties out in
front for gains running to point
or so.
Volume picked up on the forward
swing to the largest turnover for a
Saturday in about four months.
Prices, at their tops in the first hour,
were shaded in most instances at
the close.
Brokers attributed the days rally
ing tendencies partly to a slight re-
vival of political optimism in Wall
Street following last nights cleo
ton campaign oratorical barrage.
Continued hopeful business pros
poets also received some of the
credit, although tax questions per-
sisted as an offsetting influence
here. Foreign developments were
still sufficiently confusing to keep
potential buyers somewhat subdued,
it was suggested
Average Up Slightly.
The Associated Press average OF
60 stocks was up a of point at As,
making net improvement for the
week 3. 1t was the second weeks
rise for this composite A month
ago it stood at 443 and a year ago
at 531.
Transfers for the two hours
totalled 418.070 shares against 2l6,-
440 a week ago and was the best for
a two-hour day since June Is.
Steels were buoyed by signs of
another jump in next weeks mill
operations to near-capacity levels
Pig iron at Pittsburgh was boosted
81 so a ton
Prominent share performers in
Guided United States Steel. Bethle-
hem, youngstown Sheet, Wheeling
Steel. Republic Steel. American
Telephone. American Smelling, Con-
solidated Edison, Dow Chemical.
American Can. Texas Corp Dupont,
Union Carbide and Allied Chemical
1tlitl al hOlOlS anu SIlI Sci Nclt
up only - of point each despite
forecasts of heavy sales and output
and the announcement of Defense
Commissioner Knudsen that Gov
eminent orders of around $500 900, =
600 for aircraft parts would 60 to
automotive concerns
Improve on Curb.
In the curb modest improvement
was shown for Jones & Laughlin.
American Cyanamid b" American
Gas. E. w. Bliss, Gulf Oil and Elec-
trio Bond & Share The turnover
here was around 5000 shares COM
pared with $4,000 last Saturday.
On the big board" averages
slipped Monday and Thursday. were
unchanged Friday and were up
Tuesday and Wednesday. AS in
previous weeks, European war shifts
were cited as handicaps and the in
ability of most financial quarters to
arrive at a definite conclusion re-
garding the outcome of the presi-
dental race served to restrain
boardroom cheer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Cotton Futures Sac
| 10 7 Points on
New York Market
Quotations Remain
In 3-Point Range in
Final Session
By the Associated Press.

NEW YORK, Oct. 26.-Cotton fu-
lures sold in 3point range today.
Final prices were l to 2 points low
err Most operations were routine
price fixing by the trade and week
end evening up.
Spot houses sold December and
July when the market showed ris-
ing tendencies. Principal support
for later months came from brokers
with Bombay connections.
Worth Street expressed satisfac-
ton with the weeks textile business
which many brokers felt presaged
broader interest in the near future
Prices held firm at recently ad-
vanced levels.
Exports Friday 478 bales: season
so far 284.503 port receipts 2O,239;
port stocks 2.989,256.
PanCe foIlOu-c.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Virginiop Railway
Reports Lower Net
By the Associated Press.

BY the Associated Press.
NORFOLK, Va, Oct. ga Vir-
ginian Railway statement for Sep
TENDER shows net income of $4l5,-
1879 for the month, $685., 296 less than
the same month a year ago. For
the first nine months of this year,
however, a net income of S5,701 ITO
was reported, 81 ,329.2 22 more than
in the same period last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Wheat Prices Tumble
Nearly Cents From
Opening Highs
Close 17s to ~ Cents
Below Levels for
Previous Day
By FRANKLIN MULLIN,
Associated Press Market Writer.

HSSON4dtcu IIcsS hdIhtL N44ltia
CHICAGO, Oct. 26.-The sharpest
wheat price change in weeks today
sent quotations tumbling almost 3
cents bushel from opening highs to
the lowest general level since mid
October.
Heavy selling broke out after an
initial price upturn of about p cent
and, except for occasional recoveries,
values continued to recede. closing
near the days lows and 17s-2H cents
below yesterdays finish. December
wheat fell from the opening high
of 81 to low of 84l4 and closed at
84l2-as. May closed at 49, -83.
Selling was attributed to uneasi-
ness regarding the recent sharp up
turn and eagerness to take profits.
Several large professional lines were
reported liquidated while some or
ders were credited to hedging op-
erationS against actual wheat re-
deemed from Government loans. al
though reports indicated there were
no signs of a definite change in pro-
ducers' holding policies Traders also
watched European developments
closely in view of recent peace talk.
but this only emphasized uncertainty
regarding foreign as well as do
nestle affairs.
Corn closed l to cents lower,
December 602s-5s, May 61a4; oats,
&-7s down; soybeans, 12-a4 lower;
rye, 11s-114 down; and lard, 2-5
lower.
Although some buying of wheat
was associated with strength in Sc
curities, resistance to pressure was
unimportant until the last hour
when scattered purchases credited
to mill and short covering checked
the decline.
Grain range at principal markets:
Prev
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27

flee of the Home
Life Insurance
Co., has been
secured as guest
speaker for the
next monthly
luncheon, Thurs
day, November
7, at the L e e
Sheraton Hotel.
Mr.. Troth will
talk on ideas
That Click" and
use cartoons to
illustrate h i S
points. Gradu-
attn from
A5icL,ioop State
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
| Strong Demand
Brings Advance
| In Piq Iron

By the Associated FrtSS.
PITTSBURGH, Oct. 26.-Pitts-
burgh Coke and Iron Co. today an
nounced an increase in pig iron
prices due to the demand for iron
and shortage of beehive coke.
Prices at Sharpsville, Pa, and
youngstown, Ohio, furnaces were
boosted to $3.50 a ton On malleable,
foundry and Bessemer and 50 Ton
on basic
The increase brings basic, MALE
able and foundry prices to $24.50 .
ton and Bessemer to $25.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27

OF the Riggs Ma
tional Bank, and
succeeds Harold
A. KertZ, who re-
linquished the
charm a n S h i p
upon resigning
his position with
he National
Metro poll t a n
Bank to practice
law.
T h e n e W
chairman is a
G r a d u a t e of
George WASH
ington Univer-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Further Gain Seen
In Chevrolet Sales
BY the Associated Press.

by lIII lSSUCIdVtu Icso'
DETROIT, Oct. 26. - Chevrolet
division of General Motors Corp. re-
ported today that its retail sales for
the second To-day period of Octo-
Der totaled 31,091 cars and trucks.
Sales in the preceding 10 days num-
bered 3O,O56 units.
The company also announced that
its retail sales of new cars and
trucks from January l through
October 20 totaled 814,951 units,
compared with 1886 for the en-
tire year of 1899.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
CottonSeed Oil,

In a strictly local trade. sales in cot
:onSeed oil futures were limited TO con-
tracts today, all in the May position
The delivery finished unbalanced on
bid price of ! 81 Other closing bids were:
December, $50; January. $40: March,
5.53
Crude oil was 4l4 to 4ia cents nominal
in the southeast and 4i4 bid in the valley
Texas quoted 40 to 4.25, depending upon
location.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
New York Produce

NEW YORK. Oct. 26 GP.-Dressed poul-
try irregular. Fresh and frozen prices un-
changed.
Live poultry. by freight and express
nominal; no sales reported
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
New Orleans Prices.

NEW ORLEANS. Oct. % LP,-Week- END
evening up characterized trading in cotton
futures here today. CLOSING prices were
steady net unchanged to > points lower,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-27
Stock Advance
Led by Stee|s,
SpeciaIties
Early Gains Ranging
To ST or So Cut;
Volume Increases

WHAT STOCKS DID.