davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-07-29
Havana
Continued From First Page.)

the entire hemisphere and the peo-
pie Of the territory themselves.
Protective administration pending
the return of any occupied area to
its original sovereign or its achieve
ment of independence would be in
charge of a special committee rep
resenting all the Americas. 1t would
be the right and duty" of any one
or more of the American govern
ments to take immediate possession
of threatened regions in an emer-
gency. however. then to call in Sd-
ministrative machinery set up by
the agreement. Obviously emergency
duties would fall mainly on the
United States as the only one of
the American republics with eff
fective military and naval forces to
carry them out.
The program worked out here is
regarded as the second chapter of
a notice to Germany to keep hands
off" this hemisphere. Six weeks ago
the United States informed Ger
many and Italy she would not ac-
quiesce in any attempted transfer
of American territory from one nom
American power to another, low
the European conquerors are being
informed through the "Act of
Havana" of positive plans to COM
bat such attempts.
Evening star., 1940-07-29
General Motors Takes
Contingency Reserve
From Earnings
$26,700,OO0 Deduction
Leaves Net Slightly
Below Year Ago
BY the Associated Press.

By the Associated Press.
NEW YORK, July 29.-General
Motors Corp, for the quarter ended
June 80, today reported consolidated
net income of $46 ,546, ,999 after nor
NAL charges and deduction of $26,-
100000 as a special contingency re-
serve for possibly higher taxes and
other unusual" items,
This was equal after provision for
preferred dividends to Sl02 share
on common stock.
In the ike 1889 quarter the COM
pany reported net income of SAT-
sl46o3, equal to sloe common
share.
Alfred P. Sloan, j.. chairman
said the $26,700000 contingency re-
serve deductions ir the latest quar-
ter included:
1-Sl5 100000 ito cover possible
additional taxes applicable to earn
ings in 1910, as well as possible fu-
ture losses in view of the continual
ton of disturbed conditions abroad
2-$6,200,000 "on account of the
hllOWollIC lO1 a NdCdllOIl Will pdJ
to all hourly workers.
3-$5 100000 for increased cor
porate income taxes in the first half
under the 1910 Revenue Act.
Six Months Total Up.
For the first six months OF this
year General Motors reported net
income of Sll3,575 ,46O, equal to s2.52
common share, compared with
500, 1892, ,531, or 1924 common
share in the like 1889 period.
Commenting on the Nations pro-
jected $4,000 100000 defense spend
ing, Mr.. Sloan said
"All are concerned with the prob
lem of national defense. Likewise,
all are involved in the huge cost
necessitated by program of this
magnitude-few can escape. Super
imposed upon billions of dollars of
deficits incurred during the last few
years. this additional expense to
the Nation will necessitate billions
in additional deficits. Many will
be lulled into sense of security
by the stimulation of business re-
Sultlng from these expenditures.
They will think good times have
arrived in fact, but when the in
evitable accounting is made, un-
fortunately the picture will look
quite different
Cites Higher IndiceS.
Commenting on general business,
Mr. Sloan mentioned that recently
he had stated that the defense pro-
gram sooner or later" would have
an important influence on indus
trial production.
Currently, all the indices COM
monty used to determine the trend
of business have improved" he
told stockholders today in the quar-
terly report.
1T might be said that there are
three possible reasons for their up
ward course: First, the effect OF
orders placed from overseas for war
purposes; second, psychological i'm
provement anticipate what is ex-
pected to take place sooner or later
and third, the influence of orders
placed for national defense"
Evening star., 1940-07-29
EIectroIux Earnings
Well Above Year AGO
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. July 29.-Electrolux
Corp, manufacturers of vacuum
cleaners, today reported net profits
for the six months ended June 80
of S897560 after all charges and
after deducting Federal income
taxes in accordance with the new
Federal tax law of 1910.
The earnings, which are equivar
lent to ~ cents a share on 1921, 500
outstanding capital shares of ST par
value, compare with net profits OF
$818,611. or 66 cents share for the
corresponding 1889 period.
For the three months ended JUNE
80, 1910, net profits were $376,136
equivalent to 80 cents a share or
the outstanding capital stock, com.
pared with net profits for the cor.
responding 1889 quarter of s374,697
also 80 cents a share.
Evening star., 1940-07-29
Chevrolet and Ford
Virtually al End
OF 1910 Output
Outlook for Remainder
Of Calendar Year
Regarded as Bright
BY the Associated Press

BY the Associated Press.
DETROIT, July 29.-Noting that
the car and truck production sched-
ules of Chevrolet and Ford have
been virtually cleaned up, Wards
Automotive Reports in its current
issue says that "to all intents and
purposes, the 1910 model season is
just about at an end"
OF the outlook for the remainder
of the year the trade publication
says:
"Anticipations for the period be-
tween now and the end of the year
may be considered as quite bright.
There are several reasons for this.
Dominant among them is the
Improvement in employment. Sta
tistics show that employing is
increasing in industrial centers, not
only because of the armament pro-
gram but also out of a general ac-
celeration of the business tempo.
Machine tool centers are busy; steel
production gives indication of hold
ing above 80 per cent of capacity
into the winter; retail trade antici-
pates a minimum per cent ad-
vance this fail. This all improves
the purchasing power.
Added to this fact is the obvious
development that prices may be ex-
pected to go up-always a stimulat-
ing factor. Much automobile buying
now going on is predicted on this
anticipation; so is some buying in
other lines.
AS regards the automobile in
dustry specifically, there is yet an
other factor pointing to good manu-
featuring activity between now and
the end OF the year-and quite pos
slbly beyond. That is the fact that
manufacturers will produce to de-
velop inventories against any pos
sibility of order priority that might
interfere with normal operations.
Sales at retail, of course, will
have an indubitable effect on
production, but assemblies may be
expected to proceed at a faster rate
than would be the case if the shadow
OF war were not always present"
The survey says that current in
dications at many points disclose a
mounting used car price situation
particularly in the case of higher
priced models, and adds that rapid
disposal of cars at certain points
raises the interesting possibility
that somewhat of a used car short
age may develop in local situations
by the end of the summer"
Evening star., 1940-07-29
CHICAGO Produce

CHICAGO. July 20 lP.-Poultry, live,
"a trucks; hens and chickens firm Hens,
over lbs, 14h2: 5 lbs. and under. 10:
Leghorn hens. II; broilers 2E lbs. and
White Rock. !6l2: springs, lbs up.
nde1 Rynoqsh ss soe5 soarea is "ee Py
mouth Rock. II: White Rock, l712; bare bare
back chickens. 1914: roosters. 10h:
rooster Leehorn. 10. ducks, ~ lbs, up,
colored 8; white. 8: small, colored. s;
small, white, 8: geese, old, 10; young. ID:
turkeys, toms 10: hens. IA.
Butter. receipts, 700,SS firm. Cream
cry, 93 score. 27H; %, 26a4; 81. 26l2;
90, 2614: So. 254; sS. 241a; 80, cen
14,519; steady. Fresh-graded, ,st extra @ @frst.
cars, 15'4; current receipts. 1874: dirties.
l114: checks: IL; storage-packed extras,
II; hrsts, 1872.
Potatoes-Arrivals ia on track, 372
total u. S. shipments. 27o; Supplies mod
crate: demand rather slow: market dull
,,daho, Russet Burbanks; y; s; No; /
No. /, .4O-1 so; washington Long Whites
U. S. No. /: .s5-2 %; Nebraska Bliss TIL
umphs. fair quality, 95-1 10; Nebraska
Cobblers, fair quality. 95-1
Evening star., 1940-07-29
Conference Awaiting
Presentation of Drafts

HAVANA, July 20 (P.-Foreign
Ministers of the American republics
achieved full solidarity today on
methods of dealing with dangers
arising from European possessions
in this hemisphere, and at the same
time left any of the 81 governments
free to stand aside from actual
measures taken to carry out this
policy. s'lr' =. q.
It's main task finished, the con-
ference waited for its Co-ordinating
Committee to present the completed
documents for the formality of
adoption, probably at private
plenary session late today.
The committee finished its task
shortly after noon and had every
thing in readiness for the full con-
ference meeting at pm.
Plan Embodied in Resolution.
| The peace commission of the con-
ference early this morning ap-
proved the draft of the convention
approved the draft of the convention
covering the legal phase of the plan,
The plan itself, embodied in a
| draft resolution called the Act of
Havana" provides that the Ameri-
can republics may establish regions
of provisional administration" in
any areas now held by nom American
nations which "are in danger of
becoming the subject of eX-
change of territories or sovereignty"
Such administration, which NAV
be put into effect by any one or any
group of the American nations if
the tendency is too great to permit
consultation among all 81 members,
would be established only on the
understanding that when the emer-
gency passed, affected regions
would be returned to their original
status or organized into autonomous
territories.
The "Act of Havana" noting that
conquest of European-held posses
SionS in the Americas may be at
tempted "as a result of the present
European War" and thus may i'm
peril "the essence and form of
American institutions" and that
American solidarity demands
a policy of vigilance and defense
points to the grave menace" of
these colonies becoming strategic
centers of aggression against the
American Continent"
1t then declares:
when American islands or areas
at present held by non-American
nations are in danger of becoming
the subject-matter of exchange OF
territories or sovereignty, the Amer
lean republics may establish
regions of provisional administra-
ton"
Such administration would be
exercised with the dual purpose ol
contributing to the safety and de.
fense of the continent and for the
economic, political and social bene.
fit of the said areas"
The act provides for the formation
of an emergency committee of q
members, one from each of the re.
publics, which will be considered
constituted as soon as two-thirds o1
its members have been appointed by
their governments.
In an emergency, however, it stip-
ulates that ANY of the American
republics, individually or Jointly
with others, shall have the right tt
act in a manner required for it.
defense or the defense of the con.
tinent."
Evening star., 1940-07-29
&e|Iy Oil Reports
Profit Of $771,680
In June Quarter
Result Compares With
$517,838 in Same
Period Lost Year
BY the Associated Press.

BY the Associated Press.
NEW YORK, July z9.-Skelly Oil
Co. reported today for the June
quarter net profit of $771 $50, equal
to "a cents share on the common
stock, compared with $517,838, or
AZ cents, in the June quarter last
year.
Crown Cork e. Seal.
Crown Cork e. Seal Co. reported
for six months ended June 80 net
profit of $1,318,188, equal to $2.06 a
share on the common, compared
with $795,895, or $105 share, in
the comparable 1889 period.
st. Joseph Lead.
st. Joseph Lead Co. reported for
the first six months net profit of
s2,576,82O, equal to $132 a share on
the capital stock, compared with
s1,415,028. or 70 cents, in the first
half of 1889.
Anchor Hooking Glass.
Anchor Hooking Glass Corp. re-
ported for II months ended June 80
net profit of $1,180,665, equal to $1.3O
a share Of the common, compared
with S1,374,219, or $1.55 a share, in
the preceding II months.
Dresser Mfg. Co.
Dresser Manufacturing Co., man.
ufacturers of gas engines and pipe
line equipment, reported for six
months ended June 81 net profit OF
s733 ,638, equal to $2.44 a share on
the common stock, compared with
$81 1888, or 26 cents share, in the
like 1889 period.
WHY'S Overland.
Willys-Overland Motors, Inc, hac
loss of S463 ,344 in the nine months
ended June 80. against a loss oi
S1,147,675 in the comparable 1885
period.
General Mills.
General Mills, Inc, reported fol-
the fiscal year ended May 81 net
profit Of $5,539,274, equal to $661
share on the common stock. This
compared with s6,451, ,226, or s76s
share, in the preceding fiscal year
Consolidated Edison.
Consolidated Edison Co. of New
York reported for II months ended
June 30 net income of $36,840, ,007
equal to 1928 a share on the COM
mon stock, compared with s34,939,
918, or $208 a share, in the previous
IL months.
CrOsley Corp.
Crosley Corp, radio, automobile
and household appliance firm, nettec
SOC, ,66l for the first six months, aftel
all charges. This compared with
S402,057.
Evening star., 1940-07-29
U. 5. Export Balance
Highest Since 1921
In First Half
War Shipments Rise
To New High Mark
During June
BY the Associated Press.


The Commerce Department re-
ported today that the Nations ex-
port balance for the first half of
1910 was 100000, the highest
since 1921, due largely to shipments
of war materials, which in June were
the greatest since the European con-
flict began.
Exports totaled 100000 in
June, an increase of about three
per cent over the level of April
and May, while imports, amounting
to $211 100000, were about the same
as in the two preceding months, al
though June ordinarily shows a re-
cession in foreign trade. Exports
of explosives, firearms and ammu-
milton totaled s26,400,000 in June,
more than 10 times higher than in
May, while aircraft shipments in
creased $5,000,0O0 to $27 100000 and
iron and steel mill products ad-
vanced s7,2OO000 to s43, 100000.
Despite the drop in exports to
France during the latter part of
June as the result of the armistice
with Germany and Italy. the value
of American goods shipped to France
was 100000 more than in May.
Shipments to Mediterranean ports
declined, however, as result of the
extension of the war.
For the first half of the year ex-
ports of six leading commodities
aircraft, non-ferrous metals, steel
manufactures, metal-working ma
chinery, munitions and industrial
chemicals-increase dby 1872 per cent
over the corresponding 1889 period
to s643 100000 and constituted 80 per
cent of this country's total exports
as compared with 20 per cent in the
previous year. -,
Shipments of aircraft, amount
ing to $138.Ao0,000, were more than
three times as large as in the first
half of 1899, while iron and steel
mill products, including scrap iron
were more than double the compar-
able period last year.
Cotton exports amounted to sl73,-
100000, a gain of s1O5 100000 over
the 1889 period, but tobacco fell of
81 per cent and foodstuffs dropped
10 per cent.
Imposition of additional taxes tc
finance the defense program was
reflected in a 100 per cent increase
in the imports of wines and spirits
to S9,176,000. This was due prin-
cipally to withdrawal of alcoholic
beverages from customs warehouses
before the new rates went into ef-
feet July /.
Evening star., 1940-07-29
Steodiness Displayed
By Insurance Shares
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, July 29.-Insurance
stocks in the New York City market
moved to slightly higher levels dur
ing the last week, according to Holt,
Rose & Troster.
The aggregate market value of
20 leading fire and casualty in
surance issues at the close on Friday,
Ju..'' 26, was s573,916,000, compared
with SSH, ,758,O00 at the close of
the previous week, an increase of
$2,l53 900, or .O38 per cent.
l.. The. current average yield ;of the
20 issues is 4.16 per cent, compared
with a yield of 4.l8 per cent on
July 10. The current market value
equals a95 per cent of the reported
liquidating value, unchanged for the
week.
Evening star., 1940-07-29
London
Continued From First Page)

by pilots of a Hurricane squadron,
who shot down four bombers and
one fighter.
THE flight lieutenant in this
squadron reported after his attack
that Junkers blew up in midair
and bellied to the sea in flames He
then attacked a second Junkers
from astern and saw his machine
gun bullets enter the enemy's fuse
lage. But he had to break off the
engagement when a Messerschmitt
got on his tail.
Attacked Formation of IL.
"a pilot officer attacked a forma-
ton of II bombers flying in low over
the sea. After a short burst, the
Hurricane pilot saw the last ma
chine dive into the water.
While firing at two JunkerS, a
sergeant pilot was attacked by Nazi
fighters.
"Swerving quickly to meet them,
he fired a burst at one and saw
the German pilot bail out.
Another sergeant, after firing
two long bursts at bomber, saw
black smoke pouring from the fuse
lage.
A third Hurricane sergeant was
watching a dive bomber he had
Evening star., 1940-07-29
STAR, WASHINGTON, D. C., MONDAY
New York Bank Stocks
Firm During Week
Special Dispatch to The Star,

Special Dispatch to The Star.
NEW YORK, July 29-New York
City bank stocks continued to
register moderate gains during the
last week, according to records COM
piled by Holt, Rose g. Troster.
The aggregate market value Of
16 leading issues at the close on
Friday, July 26, was $1,367 ,249, 900,
compared with $1,366, 100000 at the
close of the previous week, an in
crease of $1,058,000, or 008 per cent.
The current average yield of the
16 issues is 473 per cent; the cur
rent market value equals 96 per
cent of the known book value, and
based upon current figures the 16
issues are now quoted at an average
of 161 times their known earnings,
all unchanged from the previous
week.
Evening star., 1940-07-29
THOUSANDS OF
IONS

| attacked spinning down on fire, out
of control. But he did not see 1t hit
the water as he had to evade a
German fighter.
"A squadron leader flying Spit
fire attacked a fighter, and after
watching it go down out of control,
engaged bomber, which dived into
the, water.
From the same squadron pilot
officer attacked in turn three junk
ers bombers. He saw one dive into
the sea, a second go down on fire
and third was damaged"
Blasted to Bits.
An eye witness said the first two
dive bombers literally were blasted
to bits" as they led the swooping
attack
Another observer said he counted
81 dive bombers in an attack on a
single objective, one OF a series OF
attacks involving hundreds OF planes.
Anti aircraft shells were burst
ing among them" this witness said,
"and the sky was dotted with planes
and exploding shells. The raiders
| came diving out of the sun, but were
spotted quickly.
THE bombs fell into the sea
sending up columns of spray, and
on the land, where clouds Of black
| smoke arose"
Three Killed in One Town.
Three persons, including woman,
were killed, and several wounded in
a Northeast England town during
raid believed to have been car
ried out by a single plane. About
dozen high-explosive bombs were
dropped, killing two persons in a
residential district The woman was
killed when a bomb struck sub
urban school.
In the midlands an incendiary
bomb which fell into room where
three children were sleeping quickly
was eXtinguiShed.
The bitterest fighting occurred
over Wales and the southeast coast
but sharp activity also accompanied
Nazi raids aimed at southwestern
and northeastern coastal areas.
The raids were marked by the
appearance of a German innovation
-bomb-carrying, single-seater fight
ing planes which dived on their OBJ
jectives from a great height and
then cut for home, relying on their
speed to outrun pursuit.
British authorities said the ex-
pertinent presumably was attempted
by the Nazis because Of the toll
which has been levied on their big
bombers and was not altogether sue
cesSful.
Strike Back at Reich.
British bombers, meanwhile, were
reported striking back at the Reich
An Air Ministry communique said
formations Saturday night raided
the Nord See Canal in North Hol-
land, eight airports in Holland and
Germany, and oil depots and docks
at Hamburg, Amsterdam, Wilhelms-
haven and Bremen.
British planes also dropped bombs
on barge concentrations at Stavoren
in Friesland and on two supply
ships off the Norwegian and Dutch
| coasts
Evening star., 1940-07-29
1850 Tons of Shipping
Sunk Recently, Nozis Say

BY the Associated Press.
BERLIN, July 28.-Repeated Ger
man submarine raids on British
shipping were reported by the high
command today in a recapitulatior
showing 72,750 tons sunk.
In widespread air fighting over
both German and British territory
yesterday, today's communique said
British planes failed to hit any mill
Evening star., 1940-07-29
U. S. Gypsum Profits
Climb to $3,536,458
p..o.rroo,o.od pras~

BY the Associated Press.
CHICAGO, July 29.-The United
States Gypsum Co. reported con-
solidated income for the six months
ended June 80 of 1886, ,458, equal
after preferred dividend ret. lire
ments, to s273 share on common
stock. G
This compared with s3.117,857, or.
after preferred dividend require
ments, S2.38 share, for the same
period a year ago.
Evening star., 1940-07-29

said this enlargement of activities
followed a study made by the in
dustry and reported on year ago
at the San Francisco convention.r
Many matters arising from new na-G-
tional defense plans, Federal in-r
terpretations, regulations, orders
and hearings make this appoint s
ment, with Offices in Washington, ?
particularly timely. 1t will strength.
en- the educational program of tho
foundation in developing and dis
seminating basic economic facts OF,
the fluid milk industry.
Evening star., 1940-07-29
Virginia Iron, Coal
Shows $10,527 Loss
BY the Associated Press

By the Associated Press.
ROANOKE, Va, July 29-Virginia
Iron, Coal g. Coke Co. ended the
first six months of the year with a
net loss of $10,52794, after having
made allowance for depreciation
and depletion amounting to $685.
22o.20. a.
A net gain of $1o,35S.28 for the
first quarter was Offset by a net
loss of $20,886.22 for the second
quarter. according to statement
by D. D. Hull, president, on opera
tions the first six months.
Evening star., 1940-07-29
Foreign Markets

LONDON July 30 LP.-Profit-takin
| made its appearance late in the stock
| market session today. but prices held
| firmly and closed not far under the day S
| best. Gilt-edge issues were on the AVERAGE
| ls to "a higher. strong demand for
British General Electric featured the in
| dustrial group International issues fol-
lowed the general trend.
POOL.-Cotton prices were de,
pressed today under iessened spot demand as
poets. Local LIQUIDATION and hedging
caused pressure on near-month OPTIONS
while distantS met demand from Bombay.
Evening star., 1940-07-29
B. & O. Loudinqs Gain

BALTIMORE, July % (P,.-The
Baltimore & Ohio Railroad Co. re-
ported today 49.867 cars of freight
handled for the week ending July
27, an increase of 3,136 cars over
the corresponding week in 1899
The handle for the week ending
July 20 was 52,449 cars.
Evening star., 1940-07-29

tary targets and suffered II losses
to for Germany.
Aerial activity was described as
dull by authorized sources, with no
British ships appearing in the Eng
lish Channel to make targets for
Nazi airmen.
Of the British planes downed,
these sources said, six were destroyed
over England and five attempting to
raid Germany and the Netherlands
Evening star., 1940-07-29

ton, which now
has head Offices
in Washington,
it W as n.
nounced today.
He ucc e e d 8
Frank F. Rem
ME, jr., presi-
dent of the Vir-
ginia Dairy Co.
of Ric h mond,
who has held
the Office for the
last two years
and will remain
as chairman OF
the board,
A.
Evening star., 1940-07-29
$50 Tons of Lead Sold

NEW YORK, July 20 CP.-St
Joseph Lead Co. reported $50 tons
of Southeast Missouri pig lead sold
Friday at $4.85 per 100 pounds East
st. Louis and 100 tons at the New
York average.
Evening star., 1940-07-29
New Milk Industry
President Elected

Col. B. F. Castle, former vice.
president of Administrative g. Req
search Corp, has been elected pGesi-s
dent of the Milk Industry Founda-
Evening star., 1940-07-29

Brazil expects to produce TO-
$4,000 bags Of coffee next season.
Evening star., 1940-07-29
Steel Quotations

NEW YORK. July % CP,-Steel prices
per 100 pounds, fob Pittsburgh: Hot
rolled sheets, base price 30 Galvanized
sheets, $50. Steel bars 2.15
Evening star., 1940-07-29
U. S. Treasury Notes

NEW YORK. July % LPl-Prices quoted
in dollars and thirty-Seconds: