davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-05-01
Chicago Livestock

CHICAGO, May Lp.-Hog prices were
generally sodsr ayn;, steady At yesterd.y. decline
dressed meat msrKep Cattle Wel. 81 stesds
and fat lambs were slow and about steady.
Hog receipts in the open market were
while big packers received only $500
direct. The market topped at 1925 and
hnis finished fairly active after a slow start
cents pound in the dressed department
Most steers sold from So rs to S11. while
choice che yearlinss sold up to $1,000. Best
Medium to GOOD wooled skin lambs were
bel held up 20 Sl0.25 and best clippers to
ture) -Sala BILE hogs. II 900: total IA 800:
opened slow' closed fairly active; eenerally
bulk good and choice 1sO-27O pounds.
S"Ssn, 1000 aoon0S n0st a10,sso pounds.
salable cattle. $500; saiabie calves.
J. 900 market being conducted in rain and
nshed medm arSsy steer run With ven
al grades and representative weishts: bulk
ieRs ' sh seeHs aa or not ,.s1,. s.4
s fesder dealers operating at $50 down:
selling choice yesrlinss up to 1880 to
and medium stock steers at 775-a. 90: best
ied ,G steers early r,. 1900: numerous loads,
dersbe vesst sak pr. N t1ss Wssbi, bs,r.ynr
above 12 90: choice 1,O66 pounds Nebraska
heifers; 1o.T5; several loads fed heifers.
20, 30: heifers supply moderate: cows
steady at 500 down on cutters and 80
down on light Gamers: most beef cows
.5n-7,2b weiehty sausage bulls up to
~ active; vealers also active at 1880
- salable sheep. 1000: total. $500: lat.
Tuesday; Fat lambs mostly strong; spots,
wooledskins late. 1918: bulk good and
choice choI e. kinds $3.50: with few medium to
eood kings st 100o-25: best clippers. $50:
slow A"o'
few early bids on choice clippers
tween kinds: holding best clippers at $50
ana above; medium t GOOD Wooledskins
held at l0OO-25; fat sheep scarce, steady.
Evening star., 1940-05-01
Farmers Reap Profit
On Repaid Loans
For 1899 Wheat
War and Domestic Crop
Score Give 20-Cent
Advantage Over Rotes
BY the Associated Press,


CHICAGO. May Although
Uncle Sam claimed title today to an
undetermined amount of mortgaged
1899 wheat, grain belt farmers who
repaid Government loans have
turned profit on the transaction
principally because of the war and
domestic crop scare.
The Governments 1899 wheat loan
program, a phase of the ever-normal
granary plan, has ended except for
loans on about 81 900 900 bushels of
grain stored on farms. These can
be extended year. Outstanding
loans not eligible for extension will
be called.
How much grain the Government
eventually will possess because of
defaulted loans cannot be de-
termined as yet.
$1,000, 900 Weekly.
Originally the Commodity Credit
Corp. advanced more than $ll0.O00,-
600 on $4,000 900 bushels. but re-
Gently farmers have been repaying
loans at the rate of about $1,000 900
weekly. Thus. the bulk of the grain
has been redeemed by producers
taking advantage of the 20 cents a
bushel or more price rise above
original loan rates.
Terminal markets have been
flooded with receipts of wheat which
would have been marketed last
summer and fall had it not been for
the loan program. However, much
repossessed wheat is believed to be
held by producers who are speculat-
ing in the hope of further price
upturn. Much grain that was priced
as low as so cents last summer at
market and now is worth above 81
has been refinanced through banks
and other lending institutions.
Rejecting this belated market
ward movement of grain, the IL
principal terminals in the past 10
weeks have received approximately
SIS 900 900 bushels compared with
33 ,0O0,O in the corresponding pc
riod last year. In that interval the
Chicago price has fluctuated be-
tween SO cents and $l.13 bushel
compared with so to u last summer
before the start of war.
Marketing Is Orderly.
Marketing of loan grain has been
done in an orderly manner, selling
incident to it being absorbed by
commercial interests and investors
willing to take the risk of ownership.
Wheat traders said the war and crop
situation have Offset this selling.
Government loans averaged 70
cents a bushel, with most of the
grain stored in warehouses. Peak
holdings on January 10 totaled 167,-
283,748 bushels. BY April 18 this
had been reduced to 1881 ,942
bushels, of which 21,97l 800 bushels
were on farms. Since Government
reports lag behind actual reposses-
sions. it is estimated that possibly
10000 900 to 30,00O,0OO bushels more
have been redeemed. Any grain not
redeemed by producers is expected
to be pooled and marketed by the
Government, with producers sharing
in any profit that accrues.
Evening star., 1940-05-01
| Block Resigns
| Inland Steel

By the Associated Press.

By the Associated Press.
CHICAGO, May Ill. e. Block
resigned as chairman Of the Board
Of Directors Of Inland Steel Co. at
the annual meeting Of stockholders
yesterday. Edward L. Ryerson, jr,
was elected to succeed him.
Mr.. Block, II, who has been as
sociated with Inland Steel since 1897
and has served as chairman for more
than 20 years, was elected chair
man of the Executive Committee. p.
D. Block, his brother, was reelected
president; all other ofhcers anc
directors also were reelected.
Mr.. Blocks successor has been
vice chairman of Inland Steel since
Inland's acquisition of Joseph T
Ryerson & Son, Inc, in 1885.
President P. D. Block told stock
holders that operations for the first
quarter were 85.7 per cent of steel
ingot capacity. The rate for April
would be slightly below 70 per cent
he predicted. He said less than S
per cent Of the company's mill Ship
ments were exported in the first
quarter.
Evening star., 1940-05-01
Chicago Produce
CHICAGO. Nav

CHICAGO. May ! P.-Poultry. live. c5
Trucks; steady to hrm: Leehorn hens. Is;
White Rock broilers. %: springs. 4 pounds
White Rock. %; under pounds, Plymouti,
Rock. 221a; White Rock, 23h: other prices
Butter treceipts later). steady. prices
UNCHANGED. Eggs receipts later, easy;
storage-packed extras. l8N: frsts, Is;
Omitted States Department Of Asricul-
ure).--Potatoes, 90; on track, 219; total
U. 8. shipments. 641; old stock Idaho rus
sets slightly stronser. Northern, ali varities
best, slightly stronger: supplies rather
light demand good: sacked. per cwt., Idaho
Russet Burbanks. o.. g. No. l, 215-26:
Minnesota. Hollandale section. Cobblers.
y. 8. commercials. 40: Minnesota and
North Dakota, Red River Valley section.
Cobblers. so to s5 per cent u. &. No. =
l.15-5O; unclassihed, 95; Early Ohios. SO
to 80 per cent y. s. No. /. 1856: wis
consin round whites U. s. No. i. good quail
ity. 1.50-6O: Katahdins. q. 8. No. L, l.f5.
New stock. Texas Triumphs, firm: CALI
fornia. long whites. steady: supplies mod
crate, demand light 5O-pound sacks. Texas
Bliss Triumphs U. g. No. l. washed, few
sales. 1850: some holding for higher
3, washed 1;2h: unEashed. 1.0b: Cali
fornia. long whites: US No. l, under ini-
tial ice. 1O0-polnd sacks, 2.45: bO-pcund
sacks car showing decay Qb q sack.
Evening star., 1940-05-01
Foreign Exchange

NEW YORK. May l PA drop OF 81.
cents in the British pound paved asdr the ,ns way
foTe,sn foT ofSaa soday
Latest decline in sterling carried the
unit to $3.4a. close to the lowest price
in years touched earlier in 1910.
cially the British shift in trade routes
fran the Mediterranean to around the
Cape OF Good Hope, was rated major
depressant by toreisn exchange dealers.
French franc .o1h. Of a cent: the belsa
o. Of a cent and the euilder .0l OF cent
Vnchansed was the Swiss franc, =
dollars. others in cent?:
Official Canadian Control Board rates
for U S. dollars: Buying 10 per cent
premium. selling II per cent premium,
equivalent to discounts on Canadian dol
lars in New York Of buying 9.9l per cent.
selling, 200 per cent.
market 1874 per cent discount. or "a .6a "a
q s. cents.
349; 6O-day, 346: aO-day. 344s4 Bel
Eium. 1855: Denmark unauoted; Finland,
eoe Ta'nis fss se Greess es!msny s aun
gary. 17.65n: Italy. sos; Netherlands
53 09: Norway unouoted Portugal. 3.50n;
Rumania. .55n: Sweden. 23.s4: Switzer-
land, @2.43: Yueoslavia, 2.34n.
Latin America.
!, Argsentin.; ofneial: 2a,77; free. ssoa;
hal. Iasan; sas. ss.4s; Hong kons' sl.77; shans-
,n,,a:t.s Bates in SPOT cables unless otherwise
Evening star., 1940-05-01
Crude Oil Production
Declines Slightly
For Weekly Period
Gasoline Consumption
Grows Heavier and
Helps Reduce Stocks
BY the Associated Press.

BY the Associated Press.
NEW YORK, May daily crude
oil production declined slightly dur
ing the week ended April ~, totaling
3,845,2 barrels, compared with
3,858,550 barrels the previous week
and 1868 200 a year ago, the Amer
lean Petroleum Institute reports.
During the four weeks of April, daily
production averaged 275,650 barrels
in excess of the Bureau of Mines
calculated requirements.
Reporting ref1neries increased
operations to 849 per cent of
capacity from 84.4 per cent the pre-
vious week. indicating runs Of crude
oil to stills for the industry as a
whole at 1855 900 barrels day, COM
pared with 1886, 900 the week before
and 100000 a year ago.
Gasoline production declined slight
ly to IL ,276 900 barrels from II ,412 900
the previous week. Heavier gasoline
consumption helped to bring a small
reduction in finished and unfinished
stocks to lO2 .452 900 barrels. COM
pared with l02.8l7,0OO a week ago
and 81 AGO, 900 at the same time last
year.
Imports of crude and refined oils
at principal ports during the week
fell off to 1240,000 barrels from
900 900 the previous week.
Refinery operations for the same
period were reported as follows, on
Bureau Of Mines basis:
Crude runs to stills daily aver
age), 1855 900; increase, 10000. Total
United States gasoline production
week, 1926 900; decrease, 10000.
Total finished gasoline stocks,
stocks. 95,8l5,0 decrease. 395 900.
Unfinished stocks, 6,637 900; in
crease, 10000.
Total finished and unfinished
stocks, l02 ,452 900; decrease, $685.
900.
Gas oil and distillate fuel, "a, ,997, :
900; increase, $4,000.
Residual fuel oil. 102 $50, 900; de-
crease, TIL 900.
Evening star., 1940-05-01
New York Produce

NEW YORK. May LP,.-Eees. 45,O55:
easy: mixed colors. fancy to extra fancy
19s.-21A Specials 20s.; extras. 19-IaH;
storage packed firsts. 1914: graded nrsts,
l7A-l7h current receipts 1871; medi-
ums, l8: dirties. No. l. 16; averase checks,
15-15A.
Whites Resales of premium marks. o.
242: nearby and Midwestern premium
marks. 20;.1.: specials, 1871; standards
1872; resales of exchange to fancy heavier
mediums: 17A-I9'4; nearby and Midwest.
Browns: Nearby fancy to extra fancy
1as+-21 u: nearby and Midwestern specials,
Butter, 1.1Os; ;s34; hrmer; creamery,
higher than extra, 2S-2SA extra 1872
score). 27s4: flrsts ts6-9D, 27-27A; sec
onds tS4-S1), $3.50 -26a.
Cheese. 335S7S: irregular: prices un-
changed.
New York s6A; No. 2 western, elf, New
Barley steady; No. domestic elf. New
Lard weak; Middle West, $40.
Hay barely steady: No. l. %. 90; No. 2.
Is.00-20 90; No. 3, 17.0O-1s.OO; feeding
Straw frm long rye. 27oo-2s.OO.
beans steady: marrow. 4.50; pea. 3S5;
red kidney, rs; white kidney. 5.25.
Other articles steady and UNCHANGED.
Evening star., 1940-05-01
Continental Oil Co.
Reports $3.50,
Net in Quarter
Result Contrasts With
Only $72l ,424 in
Same 1899 Period

By the Associated Press.
NEW YORK, May 1.-Continental
Oil Co. and subsidiaries yesterday
reported net income for the March
quarter of 1880, ,434, equal to 20
cents share, compared with $721,-
424, or Is cents a share, in the cor
responding 1899 quarter.
The company said the increased
earnings were largely the result of
increased production of crude oil
and larger sales of refined products
California Standard Oil.
Standard Oil Co. of California and
domestic subsidiaries reports March
quarter net profit of $4.534, ,623. equal
to IS cents share, compared with
S3,226,0l6, or Is cents a share. in
the March quarter last year.
Consolidated Cigar Co.
Consolidated Cigar Corp. and SUBJ
sidiaries earned a net profit OF
$l24 ,228 in the March quarter. equal
to 81 cents share on 7 per cent
preferred stock after dividend re-
quirements on the 6la per cent prior
preferred. This compared with $l24,-
465, or AZ cents on per cent prior
preferred, in the March quarter
last year. The company has farm
properties in Connecticut and plants
in Pennsylvania, Michigan and New
York.
Cleveland Graphite Bronze.
CLEVELAND, May l (R).-Cleve-
land Graphite Bronze Co. reports
first quarter net profit of $436, TAO
equal to $l36 per common share
compared to $374,992, or SLIT q
share, for the corresponding 1896
period.
Portland General Electric.
SAN FRANCISCO, May R.-
Portland General Electric Co. re-
ports S1,495,114 net profit for the
year ended March 81, or $631 a
share on common stock. That was
up 1rOm tne Sl.ll9,ZlU, or $5.O6 a
share, earned in the preceding year.
Middlewest Corp.
CHICAGO, May l CP.-The Mid
dlewest Corp. of Wilmington. Del,
and subsidiaries, exclusive of Gen.
tral Illinois Public Service Co. and
Lake Superior District Power Co.
reported today for 1899 consolidated
net income of $4,l20,492.
This was equal to s1.24 share on
the capital stock and compared with
s2,678,463, or 80 cents share in
1888. The net income figures fol
both years were after deducting a
full years cumulative dividend re-
quirements on preferred stock Of
subsidiary companies held by the
public.
Net income of the parent COM
pany in 1899 was S1.421.729, or 4a
cents a share on capital stock issued
or reserved for issuance. compared
with sl,3l0,028, or 80 cents a share
in 1888.
Evening star., 1940-05-01
World War Peaks
Reached by Alabama
Iron Industry
Every BIost Furnace
In Birmingham Area
Is in Production
BY the Associated Press.

6y the ASSOClaJe0 Efe4B.
BIRMINGHAM, Ala, May L.
Booming business brought Alaba-
mas iron industry back to World
War production peaks today with
every blast furnace In this area Ii,
operation.
Pig iron output jumped to loo
per cent when two furnaces, out for
several weeks for repairs and re-
building, began pouring iron.
Steel remained at the relatively
high level Of SO per cent, UP 6
points from the low of the year
and some observers regarded as
significant the fact that all nine OF
the blast furnaces. which supply
steel mills, were in full operation
The steel industry In Alabama
Is in the midst of huge expansion
program.
Heavier Pay Envelopes.
For the 10000 wage earners in
heavy industry in this area, current
production levels mean heavier pay
envelopes and full work weeks. Coal
mines, limestone quarries, ore mines
and coke plants reflected the heavy
demand for these raw materials.
Few new jobs have been created by
the jump in industrial production,
however, since mills here have been
operating on high schedules for
almost three years and few en-
ployes have been laid of in slack
periods.
Steel demand continued good in
most lines, with a healthy backlog
remaining for many products. In
dustrial sources said shipments and
orders for Pacific Coast delivery
have been especially heavy in re-
cent weeks.
Gulfsteel Capacity Increased.
Capacity of Republics Gulfsteel
plant at Gadsden has been increased
IS per cent by recent improvements
and the Tennessee Coal, Iron g.
Railroad Co.. United States Steel
subsidiary, is in the midst of an
expansion program involving ex.
penditures estimated unofiicially at
more than $4,000. 900.
One of the furnaces restored to
production here today increased its
capacity approximately 10000 tons
annually in the rebuilding process
Orders for steel, which eventually
will find its way to belligerent coun-
tries in Europe, have increased here
recently, but industrial sources say
the great bulk of business in Ala
bama mills is going to regular do
mestic customers.
Evening star., 1940-05-01
Boston Wool Market

BOSTON. May ! up Omitted States De-
partment of Agriculture).-Prices were
strengthening today on country-packed lots
OF three -eighths and one-auarter blood
bright fleece wools offered from the coun-
try.
Wools of this description offered through
Boston houses we're bringing 80 cents in
the grease. delivered to mills. Moderate
quantities of fne Western woods were SELL
ing occasionally. Good French combine
length fine territory wool in original bags
were brinRing S3 to 81 cents. secured basis,
while 12-month Texas wools were bringing
users.
Evening star., 1940-05-01
| Jack |. Struus
Manned President
lOf r. n. Macy
By the Associated Press.

BY the Associated Press.
NEW YORK, May 1.-The elec-
ton of Jack I. Straus as president
of R. H. Macy e. Co. was announced
today. He succeeded Percy s.
Straus, who became chairman of
the board.
The new president Is the third
In successive generations of the
Straus family to head the depart
ment store concern. He has been
q vice president since 1888,
Evening star., 1940-05-01
Metal Market

NEW YORK May R,.-Copper
steady: electroiytic spot Connecticut Val.
ley 11.25-50; export. fas. New York,
11.25. Tin steady; spot and nearby,
47.25; forward 4f.S71a Lead steady;
spot. New York, 5.10-15; East St Louis,
4.95. Zinc steady: East ST. Louis, spot
and forwar1 5.7b Quicksilver. l72. 700
nominal. Pig iron. aluminium antimony,
scheelite UNCHANGED.
Evening star., 1940-05-01
Commodity Index Rises

The National Fertilizer Associa-
tion's index of wholesale commodity
prices gained last week to 77.8 per
cent Of the 1926-1928 average, COM
pared with 77.7 the preceding week,
1853 a month ago and 72.4 a year
ago.
Evening star., 1940-05-01
Dividend Authorized

NEW YORK, May / R).-Di-
rectors of Oliver United Filters, Inc,
today authorized a dividend of Is
cents share on class B" common
stock, payable May 20 to holders of
record May 10. Previous payment
was so cents on December %. 1898.
Evening star., 1940-05-01

Quotations furnished by National Asso-
citation of Securities Dealers Inc. which
transactions or firm bids or offers, but
should indicate approximate prices, and
unless otherwise :ndiacted, are as quoted
by the sponsors or issuers.
mot quoted BY sponsors or issuers."
Evening star., 1940-05-01
NEW YORK. May | P.-Na
sociation Securities Dealers, Inc

a-Also extra or extras
Quotations furnished by National Asso-
ciation OF Securities Dealers Inc. which
states they do not necessarily reject actual
transactions or Arm bids or oners. but
should indicate Approximate prices.
Evening star., 1940-05-01
London Gold and Silver

LONDON May fN.--Bar silver, c1 ~,
up %. Equivalent, 1857 cents on the
dollar basis. 81 4.03) Bar eold, 1855, un-
changed. Equivalent, S33.SA)
Evening star., 1940-05-01

Washington Exchange
SAILS.

Washington Railway Il Electric Did.
g at 1T. After call.
Bank Of Bethesda-3 at 80.
Capital Traction 1st 5s-s1 900 at
1913! $500 at 1915; $1,000 at
l0l3s.
Washington Gas SIS, 1904, 900 at
1917.
Evening star., 1940-05-01
London Money Rutes

| LONDON. May l LP,-Money, 1 Der
| cent. Discount rates: Short bills, / 1-32
per cent; 3-month bills, / 1921 1-16.
Evening star., 1940-05-01
London Tin Quotations

LONDON, May l P-Tin irregular; !;
spot. f253 bid, f253 los asked; future,
s249 5s bid. s25O asked
Evening star., 1940-05-01
Investing Companies

NEW YORK, May National Associa.
ton Securities Dealers, Inc:
Evening star., 1940-08-30
Ministerial Unit Elects

ASHLAND, Ohio, Aug. 80 P.-The
National Ministerial Association of
the Brethren Church yesterday
elected the Rev. Dyoll Belote of
Ashland president. The Rev. E. l..
Miller of Maurertown, Va, was
elected q vice president.
Evening star., 1940-08-30
Democracy Is Heart
OF Largest Religions.

Against this dark and bloody
faith we of the New World set the
faith of Americanism, of Protes-
tantism, of Catholicism, of Judaism.
Our faith is based on belief that the
possibilities in an individual are not
determined by race, social back
ground or wealth. We believe in
the maximum of freedom which can
be obtained without anarchy or in
tolerance. Democracy is the very
heart of the religions which have
the largest following in the United
States. Democracy and American
ism are identical. Both are utterly
opposed to totalitarianism with its
exaltation of might, its suppression
of freedom and its claims to racial
supremacy.
I am happy to respond to the
notification ceremonies this evening
with an acceptance, because be-
lieve the Democratic party under
the leadership of President Roose-
welt is far better equipped than the
opposition to preserve the freedom
of the Americas. He has understood
the Hitler menace from the start.
Powerful elements in our opposition
will, if the Republicans come into
power, force us to make one eco
nomic concession after another to
the totalitarian countries. These
appeasers will have their way if the
Republicans win, because they will
have contributed so largely. both
politically and financially, to the
Republican cause. These people be-
lieve the Republicans in power
would give them profitable business
with a German-controlled Europe at
the earliest possible moment. Most
Republicans may not yet realize it,
but their party is the party of ap-
peasement in the United States to-
day. 1t is the party which the to-
talitarian powers will back in every
way possible. OF all men in the
United States, Roosevelt best knows
the danger Of making economic
concessions to the dictators. I
Between now and November
propose to do everything can to
arouse the American people to the
need for peace through prepared
ness, to the importance of the soli-
darity of the Americas and to the
duty of businessmen, workers and
farmers to cooperate together for
full employment and for the ma
tional defense. For I sincerely be-
neve the Democratic party under
Roosevelt will best give us higher
standard of living, unity within our
own country, safety from external
aggression and freedom on this
hemisphere for ourselves and our
children.
Evening star., 1940-08-30

we have put human values first. We
believe that no one who Is willing
to work should be allowed to starve.
We have improved the health Of mil
lions by means Of food stamp and
school lunch programs.
We have stood at all times for
national unity. To aid in our ma
tional defense we have called in
the best men regardless of party. In
terms of action, the National De-
fense Commission represents splen-
did cooperation between agriculture,
labor, industry and Government. We
are obtaining national unity on the
fifth-column front by enlisting In q
common sense way the cooperation
of local and State authorities. We
are determined to break up the
gigantic international conspiracy
through which the Nazis are trying
to subjugate our country.
A materialistic religion of dark
ness, based on force and lies and
led by prophets of evil, is striding
across the world. This war Is more
than a clash of rival imperialisms.
1t Is war to destroy freedom and
democracy. 1t is war to prevent
the people of North and South
America from developing their re-
sources without paying tribute to
Europe and without being victims
of European secret police serving a
self-appointed master race. There
is no denying the strength and
fanatical zeal of this satanic doc
trine. 1t tranScends economics and
politics to invade the personal life.
1t proclaims might as the supreme
god and the new Nazi master race
as the mightiest of all, with spe-
cial destiny to direct and exploit
and enslave every people in the
world.
Evening star., 1940-08-30
Text Of WaIIace's
Acceptance Speech
At Des Moines
Declares Republicans
Favor Appeosement
With TotoIituriuns

Continued From Page B-10)