davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-05-07
|. N. N. Co. Reveals
S637,308 Net Loss
In 1899 Operations
$868, 900 Deficit Shown
By U. S. Lines Co. in
First 1910 Quarter
BY the Associated Press.

BY the Associated Press.
NEW YORK, May 7.-Interna-
tional Mercantile Marine Co. and
consolidated wholly owned subsidi-
aries today reported 1899 net loss
of $685., 1903 compared with net loss
of s551 $40 in 1888. The report in
cluded operations of Roosevelt
Steamship Co. and American Lines
Co., which were not consolidated
in 1888.
United States Lines Co., con-
trolled by I. M. NJ, not included in
the report, earned net profit in 1899
of $3,051,055 compared with with
81 1.O21 1898 in 1898.
Because all ships owned by United
States Lines Co. were laid up early
in December due to the Neutrality
Act. and not put into operation
again until March. 1910, net results
of operations of I. NJ M. for the first
quarter this year showed net loss
of about $868,000, John M. Frank
lin, president, said in the annual
report.
Mack Trucks, Inc.
Mack Trucks, Inc, reported March
quarter net profit of Sill, ,448, equal
to 10 cents a common share, COM
pared with net loss of $94,869 in the
first quarter last year. Plants are
in Allentown, Pa; Plainfield and
New Brunswick, N. j.
American Water Works.
American Water Works g. Electric
Co. and subsidiaries reported March
quarter net income of $1,20O,414,
equal to 38 cents a common share,
compared with $682 800, or 16 cents
on common, in the 1889 March
quarter.
Evening star., 1940-05-07
Loew S, Inc, Reports
%,780,S2S Profit
For 28 Weeks
Result Compares With
$6,368,847 Recorded
In 1899 Period
~ the Associated Press,

1s the Associated Press.
NEW YORK, May 7.-Loew's, Inc,
producer, distributor and exhibitor
Of motion pictures, for the 28 weeks
ended March IA, reported net profit
of S6,789,828 after charges, equal
after preferred dividend require
ments to $3.79 a common share,
compared with $6,36S BAT, or $3.50 a
common share in the like 1899
period.
due to war conditions abroad,
Loew's, Inc, has revised its table of
amortization of film costs, applicable
to all pictures released subsequent
to August 81, 1899, by -allocating
such costs in the proportion Of 10
per cent to domestic and 80 per
cent to foreign, instead of the pre-
vious respective ALLEGATIONS of 65 and
IS per cent" the company said.
'In addition" it was added, "the
company has accelerated the amor
tization rates on such pictures. AS
a result of such revision and re-
ALLEGATION, approximately 1855 900
more has been charged off to amor
tization expense during the % weeks
ended March IA, 1910, than would
have been deducted had the COM
pany's amortization procedure not
been revised"
Life Savers Corp.
Life Savers Corp. and subsidiar-
les reported March quarter net
profit of $223673, equal to 63 cents
q share, against $220,7O6, also So
cents, in the 1899 March quarter.
Company makes packaged confec-
tions.
Walworth Co.
Walworth Co. and subsidiaries
earned net profit of $69,678 in the
March quarter, compared with net
loss of $48.368 in the similar 1899
period Company makes valves and
fittings at plants in Massachusetts,
Illinois, Pennsylvania and Alabama.
Amerada Corp.
Amerada Corp, l-producing
company, earned approximately the
equivalent of So cents share in
the March quarter, A. Jacobsen,
president, told stockholders at the
annual meeting today. This COM
pared with net income of s3l9,76l,
or Al cents share, in the similar
1889 period.
Fairchild Aviation.
Fairchild Aviation Corp. reported
March quarter net profit of 5000 ,012,
equal to 62 cents a common share,
against s56254. or 16 cents, in the
same 1889 quarter. Company makes
navigation instruments, aerial cam
eras and conducts aerial surveys.
Plants and laboratories are in Long
Island and an additional laboratory
in Los Angeles.
United Gas Improvement.
United Gas Improvement Co. and
subsidiaries earned net income in
the March quarter of $7,706, ,645,
equal to 20 cents a common share,
compared with revised net income
of S7,519,082, or % cents on common,
in the corresponding 1889 period.
John E. Zimmerman told stock
holders at the annual meeting:
81 expect we will be able to pay
the quarterly dividend of Is cents
Con common) at least for the re-
naming quarters of the year, pro-
vided the unforeseen does not hap
pen" The quarterly dividend pay
able June % has been declared.
Evening star., 1940-05-07
Bank Loans Show Drop
OF S1O,OOO,000 in Week

BY the Associated Press.
The Federall Reserve Board said
yesterday that commercial, indus
trial and agricultural loans de-
clined $10,000,000 in banks of 101
leading cities in the week ended
May /.
The reduction, the second in as
many weeks, reduced the total of
business loans in these cities to
$4,409, ,000, 900, bu this figure still was
$568 900 900 more than q year ago.
Evening star., 1940-05-07
Daily Oil Production Cut
164, ,408 Barrels in Week
BY the Associated Press.

By the Associated Press.
TULSA, May daily crude oil
production in the United States de-
clned 164 4,408 barrels to $685., 1859
barrels for the week ended May 4,
the Oil and Gas Journal said today.
While East Texas increased SO to
1876, ,646, all Texas decreased 147,949
to 1,367,7S7. Oklahoma was down
2,075 to 412,975, California $50 to
$50, $50, Kansas 1880 to 147,65O,
Illinois 14,440 to 422 ,028 and Eastern
fields 1,100 to 107,200.
Louisiana increased $40 to 293,-
975, Michigan 1876 to 62,274, and the
Rocky Mountain area 1870 to $3.50.
Evening star., 1940-05-07
Boston Wool Market

BOSTON. May lP, (U g. Debt Asro,-
Business was very quiet on the Boston
wool market today. Scattered sales were
being closed on three-eishths and quarter
blood. bright. fleece wools. offered for
shipment from accumulation points in pro-
ducing areas at 80 cents. in the grease.
delivered to mills Prices were hrm at
this level, but BUYERS were resisting higher
asking prices Territory and Texas woods
were mostly very quiet. Dealers were re-
ported moderately active in the territory
States and Texas despite the limited de-
mand in Boston.
Evening star., 1940-05-07
Railroad Scrap
Steel Advanced
| so Cents q Ton
=, the A,soctsted Pre-,

8y tne ASboCl2ted ffef
PITTSBURGH, May mo. 1
heavy melting railroad steel scrap
has been advanced 70 Sle-t18.50 q
tod from $1750-$l8, thus widening
the spread between this grade. and
regular heavy melting material to
more than $l.50, trade sources re-
ported today.
Steel men said the spread. usually
81, might be eliminated In the near
future.
Evening star., 1940-05-07
General Motors Names
New Vice President
BY the Associated Press.

BY the ASSOClaCeu PfeSS.
NEW YORK, May 7.-Harlow H.
Curtice, general manager Of the
Buick motor division of General
Motors Corp, yesterday was elected
a vice president Of General Motors.
Paul Garrett, director Of public
relations, also was elected a vice
president.
Evening star., 1940-05-07
Metal Market

NEW YORK. MAY 7 R,.-Copper steady;
electrolytic. SPOT. Conn. Valley. II 12h. so:
ana nearby. 47ssia: forward. 47.s5a Lese suU:
steady. sDot. New York. 5.OO-5O5 East
st. Louis. lbs. Zinc steady: East St.
silver, I7@OO nominal. Pig iron. alumf-
mum. antimony. platinum. Chinese wolf
ramite and domestic scheelite UNCHANGED
Evening star., 1940-05-07

Quotations furnished by National As
sociation Of Securities Dealers. Inc. which
states they do not necessarily reflect actual
transactions Or hrm bids or offers. but
unless otherwise indicated, are as quoted
BY the sponsors or issuers.
sAsterisk indicates, mot quoted by spon-
sors or issuers."
Evening star., 1940-05-07
March imports were:

All gendarmes in Paris have been
ordered to carry steel helmets and
gas masks.
Evening star., 1940-05-07
London Bor Silver

LONDON May 7 R.-Bar silver. 21d
OF I'.. Equivalent 3s.Oe cents based on
the dollar at S4.O3) Bar gold, 1885,
chanRed. Equivalent S33 $50
Evening star., 1940-05-07
Investing Companies

NEW YORK. May tP-National
Association Securities Dealers, Inc:
CLOSING ouotations)
Evening star., 1940-05-07

4Plus extras. 35c paid in 1899 e2G
extra. 9 $1,000 extra paid December %,
1885. k2Oc extra. m 81 so extra. p,50c
paid September 20, 1888. 500 paid IN
vS1.00 extra paid January. 1910. , 5000
extra
Evening star., 1940-05-07
London Tin Prices

LONDON MAY R.-Iin arm; spot
~. 426S a&ked.
Evening star., 1940-05-07
Washington Exchange

SALES.
Lanston Monotype-20 at 271s.
BONDS
Evening star., 1940-05-07
PUBLIC UTILITY.

Bid Asked
Anacostia e. Pot SIS 1912 102h l04
Ana &, Pot Guar 5s 1949 112
Capital Traction 1st SIS 1a47 10Ot2 101h
City & Suburban IS 194S 1929 1O5
GEORGETOWN Gas 1st SIS 1851 123 12s
Pot Elec Pow 3As 1856 - los
Washington Gas SIS 1900 12s
Wash Rwy & Elec As 1851 los 1O9h
MISCELLANEOUS.
Chevy Oh Club 1st 4Ks 1857 104 ----
Col Country CT st 4As 1857 103 ----
Ter RI & w Cp lst 4As 194S 103
Evening star., 1940-05-07

Quotations furnished BY National As
sociaticn Of Securities Dealers Inc. which
states they do not necessarily reflect Ac-
tIal transactions or drm bids or offers. but
should indicate approximate prices.
Evening star., 1940-05-07
Insurance Stocks

NEW YORK, May 7 LR.-National As
sociation Securities Dealers Inc:
Evening star., 1940-05-07
United Stotes Treasury Position

BY the Associated Press.
The position of the 7
The Wilmington morning star., 1940-06-19

HOUSING AGENCY
FUNDS ARE VOTED
House Banking Committee
Approves $5,O00,0 900 More
Annually For Body

WASHINGTON, June IS up -
The house banking committee voted
today to give the United States
Housing Authority 5000, 900 more
annually, thereby to permit the lend
ing Of $3.50, O00, 900 of capital hereto
fore frozen"
The $3.50, 900, 900 of the original
$500, 900, 900 USHA authorization,
Chairman Steagall DALAI of the
committee told reporters, had not
been loaned to local housing author
tiles for slum clearance-housing pro-
jects because the present appropria-
ton for annual contributions to
housing authorities of $2S, 900 900
was insufficient to service more than
$3.50, 900, 900 in loans.
The committee plan, Steagall said,
would increase the annual appro-
priation by $4,000, 900. 1t also would
lower the amortization period for
housing projects from 60 to As years
for future contracts and would per-
nit rural housing projects.
The annual contributions" to
housing authorities are made in or
der to keep rents low. Localities
also help keep the rents down by
s~uspending taxes.
The Wilmington morning star., 1940-06-19
PREPARING
TO MAKE PLANES
All Preliminary Steps Have
Been Taken Or Are Con-
templated At Plants

DETROIT, June 18-R-Al-
though the Ford motor company
has not yet received an order from
the government to swing into air
plane production, all the prelimin-
airy steps short of actual plane out
put have been taken or r con-
templated, it was learned author
itatively today.
Tooling operations for the manu-
facture Of Rolls-Royce Merlin avi-
alton engines are under way at
the Ford plants and studies of
fuselage construction and other as
sembly problems are going for
ward rapidly. This was disclosed
today coincident with announce
ment from London that the British
government has contracted w t h
the Ford company for 5000 air
plane engines.
It was explained at the Ford
offices that while the order has not
yet reached here, it has been ex-
pected and that parts for the mo-
tor with which Ford engineers have
been experimenting for more than
six months already are being
made.
This engine, stepped up to ap-
proximately 1900 horsepower, is
the one Ford sources said Henry
Ford has had in mind in contem-
plating the production of as many
as 1000 airplanes a day within six
months after a go ahead" order
is received from the govern
ment. /
The Wilmington morning star., 1940-06-19
Four Arrested In Durham
Charged With Break-In

RALEIGH, June 18-tR-Four
men arrested in a Durham raid
on suspected safe crackers, have
been charged with breaking into
a soda shop in Arson county and
stealing cigarettes and other mer-
chandise. The state bureau of in
vestisation announced today.
Warrants were issued against
four men listed as Allen Oglesby
Of Morehead City, and Percy New
some of Winston-Salem, escaped
convicts caught in the raid; J. B.
Stroud of Durham, and Graham
Murphy of Burlington, recently
sentenced to four to six years in
Forsyth. !
The Wilmington morning star., 1940-06-19
NoTJCF TO PUBLIC

Al Advertising appearing in these
,Inmns is for reputable and reli
n. concerns, so ia. as we can
',srtain from a careful ~investiga-
I, our intention. however. tc
IA that every firm that uses these
munps is required to live up to
esr obligations. Therefore. should
a, rprly to any advertisement on
Ms page and services are not rem
,,rd as advertised, The Star News
wants to know it.
The n. s. postal regulations are
very strict in such matters as such
an act would be misuse of the u. 5.
mail and the Star-News will see
ths, any attempt to defraud Is
wcmphy handled by the P. O. de-
srtment.
The Wilmington morning star., 1940-06-19
DANIELS SPEAKS
AT b.. SESSION
Says World Outlook Neither
More Gloomy Nor Uncer-
tain Than In Past

BLOCKING ROCK, June 1872
Despite the European war, the
outlook is neither more gloomy
nor more uncertain tn a other
men have faced in other days,
Jonathan Daniels, editor of the
Raleigh News and Observer, told
the North Carolina building and
loan league here tonight.
The editor and author reminded
that the world has emerged from
beneath the heel of conquerors-
in fact, in the same year Q870)
that the North Carolina legislature
made possible the beginning of
building and loan associations, Bis
marck's German legions were
overwhelming France, and North
Carolinians were being imprisoned
under a reconstruction governor
without trial until the chief justice
cried in despair, "The judiciary is
exhausted"
From beginnings in times like
those, Daniels said, and through
other times of uncertainty a d
gloom, building and loan associ-
atoms have gone steadily forward
until they count their assets in
terms of a hundred million dol
lars and thousands of homes con-
structed through their wide admin
istration of many small savings.
But" he said, your job is not
merely guarding money and help
ing families build homes. In a real
sense you are the keepers of the
faith in your communities a n d
there is a safety ahead for the
dollar put into savings today" l
The Wilmington morning star., 1940-06-19
Craigauon Says Northern
Ireland Is With Britain

BELFAST, June 18- up North
ern Ireland is with Britain ito the
end" Prime Minister Lord Cralgavon
told commons today.
He said nothing would be left un'
done to secure the country against
invasion and that Northern Ireland
would be made las safe as British
forces and ourselves can make it."
The Wilmington morning star., 1940-06-19
BIDS ON ONSLOW HIGHWAY

RALEIGH, June 18- Up The
highway commission opened bids to-
day on 10 road projects which will
cost the state approximately ST. 00,-
900. The commission will meet to-
morrow to award contracts. The
bids included:
Onslow, resurfacing U. S. II be-
tween Fender county line and Dixon,
West Construction company of N. c.,
of Kinston, $88, 99l 80.
The Wilmington morning star., 1940-06-19
WELCOMES PILOTS

WASHINGTON, June 18- Up -
The British embassy said today the
air ministry would welcome the
services of suitable pilots of British
nationality in the United States.
Such pilots would have to have
had $50 hours flying time. recent
flying experience on ~twin-engine civ.
ilian planes or past training in the
Royal Air Force, and be able to pass
a medical examination.
The Wilmington morning star., 1940-06-19
HALT QUOTATIONS

NEW YORK, June 18-LP)-Amer-
lean Marine Insurance Underwriters
today ceased quoting, except on ap.
plication, war risk rates on cargoes
being shipped between the United
States and east coast England and
English Channel ports. The war risk
rate on shipments to Ireland and
west coast United Kingdom ports
was fixed at 7 IL. per cent of the
value of cargo.
The Wilmington morning star., 1940-06-19
Additional Recruiting
Authorized By Canada

OTTAWA, June 1S-GP-Canada
has authorized recruiting of 10000
more men in addition to 10000 now
being modified, the defense ministry
said today.
The temperament active militia
will be modified to full strength.
The Wilmington morning star., 1940-06-19
WILL CONTINUE FIGHT

CAIRO, Egypt, June 18- Up -
General Wavell, in command Of Brit.
ish forces in the middle east, de.
clared in an order of the day that
the British Empire will continue the
struggle against Germany and Italy
until victory is won.
The Wilmington morning star., 1940-06-19
MARsHAL,s NOTICE OF SEIZURE

MA NO11SL VT
Whereas on the 10th day of June,
1910, the United States filed a libel
in the District Court of the United
States for thu Eastern District of North
Carolina, in the Wilmington Division.
against 81 boxes more or less, each
containing ~ bars of candy described
therein, alleging the right Of forfeiture.
and, BY virtue of process issued in due
form to me directed, returnable on
the LIST day of July, 1910, 1 have seized
and taken the said property into Gus
tody. Notice is hereby given to all per-
sons claiming said property or IN
interest therein, to appear in the United
States Court Room in the City of Will
m.ngton, North Carolina, on the LIST
day Of July, 1910, and assert their claim
or default and condemnation will be
ordered as prayed for in the libel. This
the 18th day of June, 1910. Ford s..
Worthy. United States Marshal.
The Wilmington morning star., 1940-06-19
100 Legal

NOTICE OF FOREIGN ATTACH.
MENT OF VESSEL
In The District Court of the United
States for the Eastern District of
North Carolina, at Wilmington.
In Admiralty
Asiatic Petroleum Corporation,
Libellant
Societa Commercials Di Navigazione
Whereas a libel has been filed in
this court on 18th of June, 1910, by
the above named libellant against the
above named respondent, alleging
that respondent has failed to pay for
Diesel oil furnished to respondents
vessel CHISONE by libellant's as
signor, and that libellant has suf-
fered damage thereby and respondent
is indebted to libellant in the sum
of $~5,282.2S; and further praying that
if respondent cannot be found within
the jurisdiction that respondents
vessel VILLARPEROSA be attached.
together with her engines, tackle,
boilers, apparel, furniture, fixtures
and freight, and any other credits
OF property Of the respondent which
can be found within the jurisdic-
ton.
Now, Therefore, in pursuance of
the monition and warrant of at
tachment of said court to me directed
I do hereby give public notice to all
claiming or otherwise having
any interest in said vessel, her
tackle, engines. boilers. apparel, fur
niture, fixtures and freight, that
they be and appear before the said
court at Wilmington, on 5th of
July, 1910, then and there to inter-
pose their claims and make their
allegations in their behalf, as I have
this day attached the same, the re-
spondent not having been found
within this jurisdiction.
Dated: 18th of June, 1910.
FORD S. WORTHY, U. S. Marshal,
Walter G. Hatch. Deputy United
States Marshal.
The Wilmington morning star., 1940-06-19
Help Wanted. Male


HIGH SCHOOL GRADUATES Sc
lect a vocation now and lay a
sound foundation for your future.
Printing is n Of Americas larg-
est industries and offers young
men above the average in intelle'
gence and ambition wonderful OPP
portunities for advancement. In
structions offered in Hand Compo-
sition, Press Work. Monotype Key
board Operating. Monotype Caster
Operating, and Linotype Operating,
We have competent instructors
with a Of experience in the
printing industry: modern equip
ment. For free catalogue write 10
v. c. Garriott. Secy. Treas. South.
ern School Of Printing. lAl4-lo
South Street. Nashville. Tennessee.
The Wilmington morning star., 1940-06-19
Tho Wilmington Star
CLASSIFIED RATES

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All clmington News and The vii
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'alpp adjustment made at the rate
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upon r usd ads will be received by
Cns if advertisers name is
tsepD' in telephone directory. and
b Ia r,lI he sent next day.
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An e, dlscontinuances should be
~ IN person at The Star-News
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.. A. Classification and to the reg
g s[ sTAR.NEWs style OF typ.
u, in advertisements should
l lsOorted Immediately. The Star
10 vill not be responsible for
ASs than one incorrect insertion
Nun Nv ad taken for less than basis OF
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a 's',s "a words to the line.
Ns'a assrge Of $500 is made for pub.
mod In Memoriam" and resolu'
tons. - ~ ro.
l I.;hility for any advertisement
sp.D landed or inserted as directed
III ~. to publish or republish after
~ r1Issssifed Ads in the column may
r.. nlaced until 9 p. m. for the next
W wy nsper All classified Dis
u No., INV must be in the office py
p d. amman puoNE
$500
Ask For Ad-Taker.
The Wilmington morning star., 1940-06-19
10
Wanted

FOR QUICK RENTAL RESULTS.
List You. Vacancies In the Want
Ads. Phone 2S00-Cost Small.
The Wilmington morning star., 1940-06-19

TOXIC SOYBEANS $3.50 RUSHEL..
Cowpeas $1.85. Rotenone Bean
Beetle Dust. fertilizers. feeds.
R%oudabush's Seed Store.
The Wilmington morning star., 1940-06-19

SOY BEANS. COW PEAS. SPRAY.
ers and busters. Rotenone Dust.
Arsenate of Lead. etc. T. w.
Wood & Sons. Seedsmen. 317 No.
Front St. Phone 1873.
The Wilmington morning star., 1940-06-19

OTOOTAN, BILOXI, TOXIC, VEL
low Soy beans, Composition
mixed, clays and mixed,
CROSS SEED CO..
- Market st. Phone I'LL
The Wilmington morning star., 1940-06-19
announcements
Auiomoiive

D., LUX BROW MOTOR
home Of Chrysler anG
' liz No. End St.. Phone
The Wilmington morning star., 1940-06-19
TYpewriiers

New-Used-Rebuilt
TYPEWRITER INSPECTION co.
PIG Princess, Phone 976
The Wilmington morning star., 1940-10-12

I suggest are that the coaches as
well as the athletic directors (and,
by the way, the players) all work
for love, and the proceeds of the
season 60 to endow some needy
chair in the university.
But since these dreams of mine
are very, very academic, and foot
ball will 60 on, it is well that the
athletes and the parents or friends
at home should be informed what
is the best thing to do and to lend
moral support to that end.
Knee Injuries
Knee injuries account for a large
number of serious disabilities from
college or high school athletics.
Football is responsible for At per
cent of these, soccer for II per
cent, basketball and gymnasium
for 8 per cent, track for 5 per cent,
wrestling for 5 per cent, baseball
and Lacrosse for 3 per cent each,
and various events for. the rest.
Dislocations of the internal cartil-
ages of the knee are thought OF
first by surgeons confronted with a
knee injury, but DR.. Aguustin
Thorndike, of Harvard, out OF an
enormous experience, states thai
internal arrangements occur in on
ly l per cent of cases. Radical
operative treatment of these knee