davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-06-26
Seabodrd HEARINGS
Will Be Resumed in
New York July 10
Third Reorganization
Plan Is Presented
To Special Master
BY the Associated Press.

BY the Associated Press.
NORFOLK, Va, June 26.--Hear-
ings on proposals for the reorgani-
zation of the Seaboard Airline Rail-
way will be resumed in New York
on July 10 when an attempt will
be made to work out satisfactory
capitalization plan for the new
company.
No decision was reached on the
capitalization problem at a hearing
before Special Master Tazewell
Taylor in the United States District
Court here yesterday. The Seaboard
has been in receivership since 1880
and District Judge Luther B. Way
recently named Mr.. Taylor to work
toward speedy reorganization.
Three major reorganization pro-
posals have been placed before the
special master, differing only in
smaller details.
Inc newest reorganization plan
was presented yesterday by Robert
I. Swaine Of the New York law
f1rm OF Cravath. De Gersdoff
Swaine & Wood, representing large
blocks of Seaboard receivers GER
tificates.
Mr.. Swaine's plan did not vary
radically from previously filed plans
OF reorganization. which had been
offered by the committee represent
ing the first and consolidated
mortgage holders, and by the under
lying Bondholders' Committee. 1t
called for a total capitalization of
1902 ,033 for the new company,
with total fixed and contingent
charges of s3,520,061 per year, of
which sl,747, 1926 would be in annual
fixed charges and the balance in
contingent charges. The capital
would include SIS 900 900 in preferred
stock and 975,000 shares of common
stock, with no par value. 1t also
would include s8,602,633 in equip
ment trust certificates. as at present:
1882 400 in per cent serial equip
menC notes ana $50 ,547 900 in first
mortgage, 4 per cent sinking fund
bonds, or total of S45 l02,O33 in
fixed interest debt for the new COM
pany. 1t further would provide for
new money, not to exceed $4,000. .0O0
but this was not included in COM
parison Of capitalization. with the
explanation that the new capital
expenditures would be expected to
return the company more than the
carrying charge The balance would
be in various types of bonds, based
on income.
The committee representing the
first and consolidated mortgage
holders and the underlying Bond
holders Committee submitted the
other two reorganization proposals.
Evening star., 1940-06-26
FOREIGN Business Advices

Business advices to the Commerce
Department from representatives
abroad include:
Hungary-Imports outspace ex-
ports.
Turkey-Foreign trade shrinks.
Peru-Government to buy excess
rice.
Canada-Shoe plants face over
production.
Evening star., 1940-06-26
Bond Averages
10 Low-Yield Bonds.
By the Associated Press.

Ey the Associated Press.
NEW YORK, June 26.-All sec
tions of the bond market came un-
der mild selling pressure today,
and in late trading losses of frac-
tions to 2 points and in some
cases as much as were general.
Sharpest reversal in trend devel-
oped among Italian issues after Wall
Street had chance to study terms
of the Italian-Frenc armistice.
Rome 6l2s lost about 4 points by
noon and declines of point or more
appeared for Milan 6l2s and Italian
Public Utility rs.
Pressure accompanied surprise at
the easy" terms of the Italian set
tlement. At the same time. as one
trader pointed out, "the war isn't
over yet
Utilities and the more volatile
secondary rail group bore the brunt
of selling in the domestic list.
Almost continually under fire
were Commonwealth Edison con-
vertible 312s, American Telephone
3l.s of '66, New York Central IS,
Portland General Electric 4i2s,
Southern Railway As, Baltimore &
Ohio stamped convertibles and
Firestone 3las,
United States Governments lost L
point and more in expanded trade.
While domestic corporates re-
manned under pressure during the
last hour, Italian and German issues
showed recuperative powers.
A lively trade developed in Re-
public Steel AIS, which closed
point higher at 81, coincident with
rumors, which the company denied
that a cash settlement of claims arls-
ing from the 1887 strike was under
negotiation.
Of a point or more were Western
Union IS of so at 81. International
Telephone IS at 27l4 and Buenos
Aires 43ss at 39'2.
Evening star., 1940-06-26
Flue-Cured Tobacco
Quote Election Approved
gy The Associated Press

BY the Associated Press.
Secretary Of Agriculture Wallace
has approved plans for a farmer
election, July 20, on f1ue-cured to-
bacco marketing quotas for l941
1912 and l943.
The election viii be held under
recently approved amendments to
the Agricultural Adjustment Act to
permit marketing quota periods of
more than one year. 1t will be held
in Virginia, North Carolina, South
Carolina, Georgia, Florida and Ala
bama
Under the recent amendments
farmers will choose a marketing
quota applying to the l941 crop or
one applying to the three-year
period.
Evening star., 1940-06-26
Jersey City Livestock

JERSEY CITY. N. J. June % "a, ,rr,,..s
Slates Department of AsricultureJ .-Ssttls
son, snn; r., i ssiaole; total. 500. One small lot
oth opthnmon: l.90u.pound steers 80; no
Spots, 10 to 25 lower; medium, 6.f5-T,51;
cutter cutter, and common, 6.00-6.75; csnners.
sausage kinds. 725-75: odd head shovs!
ne9lum: = eo 6.o0-7'oo; cutter and common.
vealers and calves 200 sslable, total
500. Vealers moderately active mostiy
steady TO stronR: few select choice, Is 10.
oorsStlcat &c TOP 30; bulk better srades.
None sold early Quotable top 5.45. o''
Sheep and lambs, 100. salabie: totsI
o.uo0. Market weak to 25 lower. About
Two oecks' fo-pound averase. sold at II 90.
Evening star., 1940-06-26
Steel Boiler Orders Rise

Manufacturers of steel boilers
have advised the Census Bureau
that they booked orders in May for
809 boilers with LOGS ,958 square feet
OF heating surface. compared with
$50 boilers with 878,259 square feet
of heating surface in April, and 983
boilers with 877,117 square feet of
heating surface in May, 1899.
Evening star., 1940-06-26
New York Central Shows
May Guin in Income
By the Associated Press.


NEW YORK. June 26.-New York
Central System reported today for
May net railway operating income,
before fixed charges and other in
come, of s2,873 605, compared with
sl,6S8, ,l3S in May, 1899. Freight rev.
enues made the best showing. lump-
ing to s2l.5 .567.9l9 from sl7,1A5.675
last year. There was a minor de-
cline in passenger revenues.
The Chicago, Milwaukee, st Paul
d Pacific Railroad Co. reported a
net operating deficit for MAY of
sl36,44l, compared to sl93,288 for
the same month last year.
Evening star., 1940-06-26
New York Cotton
BY the Associated Press.

By the Associated Press.
NEW YORK, June 26.-Cotton
futures moved into higher ground
today, led by the July position.
Short covering in the spot month,
induced by prompt stoppage of 40
transferable notices issued against
old and new type contracts. easily
absorbed limited offerings. Scattered
outside support appeare din de-
ferred deliveries.
Midafternoon prices were up to
ii points; July told, 1918, July
new l0.4l. October 9.18.
Futures closed 6-l9 higher.
Evening star., 1940-06-26
Foreign Markets

LONDON, June a6 HY.-Losses ver.
general IN the securities. market today
ister's statement regarding disposal of the
french meet and the French Indo-C China
question. Mark-downs were again described
as "preca utionary" because actual selling
was limited
British government bonds lost as much
as p of point. Foreign bonds lower in
GUIDED japanese. Rumanlan and Brazilian
Domestic rails countered the main trend
Inoustrials worked down over broad front
and commodity stocks weakened
LIVERPOOL June 90 0P,.-Cotton fu-
lures declined to Is points, with distant
deliveries at minimum levels Weaknssa 81
overseas markets encouraged liquidation.
Evening star., 1940-06-26
Freed After 25-MiIe Hike
To Answer Charge

BY the Associated Press
WALDWICK. N. J.-There was no
fine by Recorder John Carlin for
penitent Rubin Zemsky when he
spent nearly all day hiking Is miles
from his home in the Bronx, N. Y,
to plead guilty to a driving viola
ton.
Evening star., 1940-06-26
STANDARD Oil Official
Dies in California
By the Associa ted Press.

BY the Associa ted Press.
BURLINGAME, Calf. June 26.-
William H. Berg, So, president of
Standard Oil of California. died to-
day of heart attack.
He began his career with Stand
ard Oil as a stenographer in 1902
He became director in 1924 and
was president since 1887.
He was director of the American
Petroleum Institute and of the
Anglo-California Bank in San Fran
cisco.
Evening star., 1940-06-26
Poland and Britain Agree
On War Collaboration
BY the Associated Press

BY CHe ASSOCIdteu PTeSs.
LONDON. June 26.-Poland and
Britain agreed on close collabora-
ton in pursuing the war to a VIC
torious end" in meeting last night
between Prime Minister Winston
Churchill and Gen. Wladyslaw ST.
korski, Prime Minister of the Polish
government-in-exile. the British
Ministry of Information announced
Atoday
The Polish Army now is in Great
Britain.
Evening star., 1940-06-26
Rubber Goods Exports
Show Gain for May

By the Associated Press.
Exports of rubber goods gained in
May to 5000 ,62l-the first MONTH
to-month increase since November
the Commerce Department says.
Shipments amounted to $3,025, 300
in April and S2,880219 in May, 1899.
Evening star., 1940-06-26
Travellers Guide Published

The Commerce Department an
nounces that it has published for
interested businessmen a new COM
mercial Travellers Guide to Mexico,
Central America and the Caribbean
countries.
Evening star., 1940-06-26
General Mills Orders
$1QuorterIy Dividend

BY the Associated Press.
MINNEAPOLIS, June 26.-Direc-
tors of General Mills, Inc, have
declared a quarterly dividend of 81
share on common stock, payable
August l.. 1910, to stockholders OF
record July 10.
Evening star., 1940-06-26
Rate. TOD. Recd. a
RS Rub Reel Sc, pr pf soc - 6-21 4
y1r,1,o,, 4, 70 S6 pf 80 1-3l
CHICAGO Produce

CHICAGO June es ,,s; R.Pouittry; oat s,rin i've;
hrmer, others steady sprinss under
pounds. White Rock, 10; ducks small small col col
Butter, 1907 .4s5. easy; creamery; aa
90 score, .26: 50 score, 25 So score, 24l;;
90 centralized csrlots. 26A. Eges' 22'fol'
steady. prices UNCHANGED.
Omitted States Department OF Asricui-
turel.-Potstoes, arrivals. III: on tracs, s.
1885,: total United States shipments. 40;
supplies liberal; demand moderate pest
quality and condition California long wnite,
market firm GOOD quality and condition
stosk other sections, market steady. stock
Showing heated and decay all sections;
market weak: many sections showing heated
ard decay wide range accordins to condl- a.
lion Of Offering: California iJrs white
Y: 8: No. J. s.05-2.25; Californ:a Russet
AurosnSs' s. No. l, 90, Alabama Bliss
ITiumphs y. s. No; |. l.'o-2 .o5: Oklafoln
Bliss Triumphs, fair quality. .4n-l 80;
Missouri Cobblers. fair quality. 1.00-1 rs
Darien has been found to be the
Evening star., 1940-06-26

NEW YORK, June 26 iP,-Domestic
sugar futures overcsme early easiness inst
before the close today and finished with
net gains as new trade buying and local
covering outweiahed liouidatinE sales.
and Cancelled large part of early losses
The raw market was inactive but
prices remained steady A cargo of
Ctbas for PROMPT shipment was offered
at 2.15 cents, duty paid basis and. Philip
pines due early in July were available
at the same level
Refined locally was UNCHANGED at 45O
cents. In the West a leading beet COM
pany announced an effective price of 90
cents for beet refined, of 80 points from
previous basis
Futures No. 8 closed IA higher. Sales,
n
Evening star., 1940-06-26

Cottonseed oil closed steady, Bleachable
prime summer yellow. 95 nominal; prime
crude. 5.25. July, 5.47b; September, 56Ib;
October, 5.63b: December 5,69b. Bid
Evening star., 1940-06-26
New Orleans Prices

NEW ORLEANS June % ,P,-Demand
Tor the SPOT month in cotton futures TO-
day aided the resi- of the list despite a
favorable Government weekly CROP report
and CLOSING prices were steady, to is
points net higher
Evening star., 1940-06-26

In bankruptcy or receivershIp or being
reorg ganlzed under the Bankruptcy Act, or
securities assumed by such companies
Rates CT dividends IN the FOREGOING table
are annual disbursements based on the
last quarterly or semi-annual declara-
llon. Unless otherwise noted. special or
extra dividends are not included 4 Also
extra or extras d Accumulated dividends
PAID las, year Declared or paid so
lar this year; PAYABLE in stock Paid
last year. Cash or stock Accumu-
lated dividends paid or declared this year
ur unoer rule WV With warrants, Nv
without warrants war Warrants.
Evening star., 1940-06-26
Baltimore Stocks
Special Dispatch to The Star.

SpeCIdI DIspHlCH 70 INT olaI.
BALTIMORE. June 90
Sales. STOCKS. High Low Close.
13s Bal Transit pfd 1.50 150 $50
90 Eastern sug pf VT II II II
% Consol Pow com 1912 131a 731a
Fidelity &, Guar 273e 21ss 27h
200 Mar Tex Oil Co .45 AS 45
325 Fidel a. Guar 17ia 1eA 17S
$1,000 Bal TT deb As A2e 2e 20
1900 Bal Trans IS A 32ta 32ia 32ia
Evening star., 1940-06-26
Rail Operating Income

NEW YORK, June rs (P.-Net
operating income, before fixed
charges and other income, Of rail-
roads reporting today for May in
cluded:
Evening star., 1940-06-26
Dividends Announced

NEW YORK. June 26.-Prepared by
Fitch Publishing Co.:
Accumulated.
Evening star., 1940-06-26
Defense Commission
Surveys Steel Needs
For Rearmament
Sufficient Supply Seems
Assured Except in Two
Glasses, Iron Age Scys
By the Associated Press.

By the Associated Press
NEW YORK, June 26.-The Ma
tional Defense Commission is con-
ducting surveys to determine the
iron and steel needs of the United
States rearmament program, Iron
Age reported today in weekly sur
vey
That they will be extremely large
goes without saying" said the steel
magazine, but sufficient supply of
steel seems to be assured except per-
haps in some categories such as
heavy armor plate for Navy ships
and light armor plate for Army
tanks, but steps are already being
taken to increase capacity for pro-
duction of such items. :
There is no evidence as vet in
Washington of official intention to
fix prices on steel or other commodi-
ties. nor will allocations or prioritjes
be resorted to in all probability until
occasion arises. Rather than at
tempt price control. it seems likely
that the Government will, If neces-
sary, increase taxes on profits"
Meanwhile, asserted the review.
the steel industry lacked up produce
ton one point to SO per cent of ca
pacity this week without benefit Of
the enormously increased iron and
steel requirements, which will even-
tually flow from the national de-
tense program.
Although work was suspended
last week on French steel orders.
there was little effect on steel plant
schedules because of heavy backlogs.
THE British have in some in
stances agreed to take over French
steel thus far produced, while nego-
tiations are still in progress with
respect to that ordered but not vet
processed.
Export tonnage. while still quite
heavy from the British, is in much
smaller volume from neutral coun-
tries than in the earlier months of
the year.
Other than the falling off in ex-
port trade from neutrals. the only
note OF hesitation thus far clearly
observable is decline in SCRAP
prices, The Iron Age composite
scrap price has declined 81 cents to
sl9.58, the first drop since the second
week of April
steel orders received by mills
during June have ranged from about
% per cent more to double those OF
May, depending upon the product"
Evening star., 1940-06-26
BONDS ON N. Y. STOCK EXCHANGE
BY private wire direct to The star.
kEAS U kY.

FEDERAL FARM MORTGAGE.
AIS 1944-s4 107.10 1910 1910
HOME OWNERS LOAN
IS 1944-52 106.25 106.25 106.25
NEW YORK CITY BONDS
3s 1850 95 94ss 94s
Evening star., 1940-06-26
Construction Survey Launched

NEW YORK. June 26 PA sur
Vey of the Nations construction re-
sources has been inaugurated to de-
termine how every architect and
construction engineer in the country
might effectively aid the national
defense program.
The American Institute of Archi-
tects announced a survey of l4.oOO
archltectural firms to catalogue per-
sonnel, equipment, facilities and tvpe
OF work. The institute said it was
cooperating in similar survey of
the engineering profession.
Evening star., 1940-06-26
New York Bank Stocks

NEW YORK, June 26 LPl.-National Az
socia ton Securities Dealers. Inc
Evening star., 1940-06-26

Darien has been found to be the
only ice-free harbor In Manchuria.
Evening star., 1940-06-26

Bleachable cottonseed oil futures closed
l-2 higher. Sales, "a contracts. July,
2.aI September, 6.1ob: october, Glib;
December 6.16b January, 61Sb.
Evening star., 1940-06-26
Chicago Stock Market

=, CHICAGO. June 20 lP.-Folloring is
CHICAGO Stock Exchanse today: 'A'
Evening star., 1940-06-26
New York Sugar

WW-Wlth warrants. xw-Without war.
rants. New. st (stp,-Stamped
sNegotiability impaired by maturity.
Evening star., 1940-06-26
Short-Term Securities

tReported by Smith, Barney & CO..
Evening star., 1940-06-26
Cottonseed Oil.

Middlins. SPOT Gs-inch), lOa6n.
Nominal.
Afro-American courier. (Yazoo City, Miss.) 1926-19??, 1940-07-01
Bonk Of Yaoo CyCys Oldest Bank Over Million Dollar Institution

ongress the Importance of making this day reality
Medicine has been adequately described that science
which relates to the treatment an dalleviaon of dis
eases or in other words specific cure diseases Where
physician is Who is legally qualified to prescribe
remedies for diseases. Yet these two definitions do not
relate in any way to the superabundance knowledge
that student of medicine acquaint himself with,
the number of that must be spent before complete
mastery is secured well the amount Of money that
must be spent in securing the and then setting
himself up in medical office so that he a
decent start in the profession.
The medical profession is one of the most delicate
and panstakng jobs in the world Thus the average pa
tent should be forever guard to that the attend
ing physician is who is legally qualified, and if you
have the money that he is specialist of the all
men that you complain Of For at the present time we
still have too quacks takers who tamper much
to their delight with all kinds of medicine and gets an
enjoyment in giving false appearance all occasions
and to many people that he fool. And don't
think that the observance of this day intended for
quacks.
I wish it were possible for me to tell the whole
story regarding the trials ordeas and sacrifices that
physician has undergo, yet how patient courageous
encouraging and confidential he is at all times.
And if l to choose personality in this pro
fesson whose thoughts and acts depict the very
last word | would mention of small community
here who is the College Physician and Director Of Health
Service, DR.. NJ. Luther Smith a graduate Of Meharry
Medical College am told, and he has done pOst-grad
uate work in some of leading universities. When
think of him and his work | refer to the famous Hud-
dleston family Yazoo City and their work For as long
Smith and Huddlesons remain in their respective fields
their professions will drag in the dust.
Perhaps my greatest enjoyment when Dr..
Smith outlines his many multudious tasks and various
methods that he in attending to them If one only
knew the patience that must be shown IN dealing with
student life alone, the individual would think
that should be enough But Smith doesn't stop there he
goes into the community, travelling hundreds OF miles and
forever carrying with him the gospel OF good health het
Afro-American courier. (Yazoo City, Miss.) 1926-19??, 1940-07-01

again leads Tuskegees National A. A. o. track and field
championship of the A. A. U. of the United States held
1 at Ocean City, N. J.
Barney Ewe, Pennsylvania State College sophie
more, who holds the 100 yard c. A. A. A. A. champion
ship well the Drake relays mark, through to
win the national collegiate 100 in SO seconds and the
22O yard dash in PIP seconds in Minneapolis recently
! Politics
Mr.. Wendell L. Willkiie and Mr.. Chas. E. McNary
were chosen by the Republican National Conventions
100 delegates presidential and vce-presdental nomi-
nees.
Clyde Barrie, famous radio and concert singer whose
programs CHS have attracted wide attention was
the first coored American the Convention program.
He sang America Immediately after Chairman John
Hamilton called the meeting to order and was heartily
Iapplauded.
Henry Ford, the great motor magnate has appoint
led Donald J. Marshall director of personnel among
Negroes at the Ford Motor Co., Detroit Mich Marshall
has been employed by Ford for approximately IS years.
He started ordinary worker in the plant ambitious
and observant he gradually worked up until he pro-
noted to foremanship, finally placed in the employ
ment office to handle the thousands of Negro applicants
for jobs. AT present there approximately 1000
Negroes employed in the plant. There are few
accepted within the official quarters Fords He said,
Il believe that should be the bread in
American life"
Did you know Negro discovered New Mexico? This
full story will be told at the Chicago Negro Exposition
if Esevanco the Negro explorer who is credited with
the discovery He member of the expedition of Cab
era De Haca, and captured by Indians with two
Spanish companions, and finally a position of
power in the tribe Of his captors.
The story of Pietro Alonzo catain of the Nina one
OF the ships in the fleet of Christopher Columbus the
discovery of America will also be displayed at the Ex
position.
Afro-American courier. (Yazoo City, Miss.) 1926-19??, 1940-07-01

right prescription helping to alleviate the diseases and
the willingness his part make any kind of compro-
mise imaginable in that his patient may be the
right road to recovery.
No wonder he has been highly recommended by the
health department of Mississippi wonder he doesn't
have to hang out single let people know who he is
or where to when they keep well for his
name within itself is byWord benediction in the
medical profession.
Now, could mention other Negro physicians who
doing just distinct roles as Smith is doing but
why shouldn't you readers exat them in your commu-
nifty, let their ring they will at least realize
and know that you appreciatve Of their sacrfcal
efforts.
SO may you join in helping exat their names
who trained not only to prescribe remedies
for many diseases but who stand i'm readiness at all
times to keep US in good health.