davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-01-07
Foreign Exchange

NEW YORK. Jan: : 4P,.-The British
peso improved in relation TO the United
States dollar in the free foreign money
market today
Sterling added /. cent at 404 and the
Dominion unit Ia cent A. Sc United States
cents The peso was UP 0,02 of q cent al
% 81 cents.
lars, others in cents).
Canada.
Oficial Canadian Control Board rates
for United States dollars: Buyine 10 per
cent premium: selling. II ptr cent pre-
MUM. equivalent TO discounts OF Canadian
dollars in New York OF puying, 9.9l per
cent: selling 90 per cent
Canadian dollar in New York ooen mar
ket. IA per cent discount. or $500 United
States cents.
Great Britain, Official Bankers Foreisn
Exchange Committee rates.. buying j %;
selling. 404: open market. cables. Io4
Germany. 40.01n (benevolert). Is 30: Fin
land 2.05n; Greece 06Sn; Huneary
1917: Italy. 500: PortuEal 40l; Swe-
den. o3 IS; Switzerland. 1921: Yugoslavia
2.35n.
Latin America.
Argentine official oq11: free. o362:
Brazil. oftcial. COS; free, sos: Mexico
20.15n.
Far East.
Japan. 23:4s: Hong Kons 1915;
RATES in spot cables unless otherwise
indicated)
Nominal.
Evening star., 1941-01-07
Treasury Considers
S500,000, More
Defense Financing
Additional Borrowing
To Be Similar to
Last Months
b. TIE Associated Press.

b. TIE Associated Press.
Secretary Morgenthau said late
yesterday that the Treasury was
considering borrowing $500,000, 900
more to finance the defense pro-
gram this month.
The financing, Morgenthau said,
probably will be similar to that en-
ployed when the Treasury borrowed
$3.50 100000 last month through the
sale of flve-year national defense
notes, bearing three quarters of l
per cent interest. These were the
first securities in Treasury history
to be subject to all Federal taxes
and Morgenthau said the next issue
would be about the same.
Asked about the effect of Presi-
dent Roosevelt's lend-lease plan Of
aid to Great Britain, he said it
would affect Treasury financing
substantially" probably some time
in the next fiscal year.
Treasury borrowing powers at
the beginning of 1941 were $751;
l4l ,250 of general and s2,764 ,309, 300
Of defense borrowing authority.
The Treasury said these were the
unobligated portions of December
81 Of the s45, 900, ,0O0,0 900 general and
s4000,000,00O defense borrowing
powers.
The Federal debt on December 81
was s45,024,63l, ,488. but this figure
included a few securities which do
not count toward the limit and did
not include some borrowing powers
reserved to meet the automatically
increasing value of savings bonds.
Evening star., 1941-01-07
Stock Trends Expected
To Depend Mainly
On War Events
Trade Coins Likely
To Remain Secondary
Market Factor
BY PAUL d. GESNER,
Associated Press Business Writer.

NEW YORK, Jan. Most Wall
Street observers are chary about
predicting stock market trends these
days. The general opinion is that
shares are so keyed to European
war developments that expected
further improvement in the domestic
business picture would not neces-
sarily be reflected in higher stock
prices
Here are a few of the latest
opinions:
Standard Statistics-"So far as
domestic business volumes are con-
cerned there will be much to cheer
investment confidence, because pro-
duction for the initial 1941 quarter
will rule at or near the peak levels
of recent months. The favorable
business picture, while tinted with
fears of heavier taxes on profits,
probably will counteract thoughts of
what could happen to security prices
if England fails to hold out in the
critical months ahead, or if we
should become directly involved.
Because Of the imponderables
surrounding the war, the stock mar
ket will we believe, continue to hold
within its recent broad trading range
for a further period. Under these
circumstances it will be prudent in
vestment policy to continue to main
tain cash reserves. Not until We
have become the great arsenal of
democracy to halt Nazi aggression
will it be safe to operate in common
stocks without a reserve of buying
power"
Moodys-"No large and sustained
market movement is expected in the
near future unless some unexpected
war development should cause it.
We continue to place stress on the
selection of individual issues"
Fitch-"Trade and industry sum-
maries are holding forth encourag-
ing indications of continued high
operations throughout the greater
part of 1941, but in striking con-
tract with year earlier, the new
years predictions do not glow with
a comparable eXtravagant, forecast in
profits. This Is due to the many un-
predictables of war, especially mod
ern warfare. While the element of
war is propelling industrial activity
to many new records, aiding employ
ment and swelling national income,
the drastic financing requirements
of this gigantic project are already
being felt by heavier tax loads
Moreover, justified misgivings exist
in the final outcome of this type of
abnormal stimulus over a long-term
period"
Evening star., 1941-01-07
Montgomery Ward
Sales Advance 10
An-Time Peak
Volume in December
Largest for Any
Month in History
BY the Associated Press.


CHICAGO, Jan. 7.-Montgomery
Ward g. Co., reported December
sales amounted to s70,850, ,185. largest
Of any month in the company's his
tory and an increase of 7.31 per cent
compared with year ago.
For the II months ended Decem-
ber 81 sales totaled $512,5l4,216, an
increase of 862 per cent compared
with the corresponding 1889 period
This was a new 1l-month record for
the company.
Sears Roebuck G. Co.
Sears Roebuck &, Co. reported that
December sales totaled S95,874, 1855,
compared with s82, ,427, ,139 in Decem-
Der. 1899. This was an increase of
s13,447 ,62s, or 1853 per cent.
Sales for the II months, February
/, 1910, through December 81, 1910,
aggregated s699 1886, ,949, compared
with s6l7 .239 ,861 for the similar pc
riod in the previous year, an increase
of s82, OCT ,088, or 1873 per cent.
Evening star., 1941-01-07
Consolidated Gas
Plans S12,000,000
Refunding Issue
Directors Called Today
To Authorize S. {. c.
Registration

ey the Associated Press.
BALTIMORE, Jan. THE Con-
solidated Gas, Electric Light &
Power Co. has filed an application
with the Maryland Public Service
Commission for approval of a pro-
posed issue of sl2,000000 series @
2aa per cent, 35-year first and re-
funding mortgage sinking fund
Bonds.
The issue is to refund $3.50 900
of the companys outstanding series
M 3la per cent first refunding bonds
which are to be redeemed at los
per cent and accrued interest. The
company said the issue also was
planned "to reimburse its treasury
in respect to capital expenditures
for improvements, betterments. ex-
tensions and additional property
since February /, 1888, and other
corporate purposes"
Directors of the company were
called 10 meeting today to author
ize a registration statement covering
the issue to be filed with the Sc
curities and Exchange Commission.
Evening star., 1941-01-07
Kr0ger Grocery.

CINCINNATI. Jan. 7 (P).-Kroger
Grocery & Baking Co. reported a
5 per cent gain in sales of the last
four-week period of 1910 over sales
for the 1889 period. Sales for the
period ended December 28 were SOL
414,118, against s20,419,121 for the
corresponding 1899 period.
Cumulative sales for the 13 periods
last year amounted to s258 Ill .609. a
6 per cent increase over 1889 sales
of s243356605.
Evening star., 1941-01-07

out carburetOrS
in an airplane
factory.
That's an ex-
aggerated, per-
haps, but per-
fectly pos sible
example of the
labor draft In g
step Bri t a i n
may have to take
if she is to win
this war in the
factory"
w i n S t o n
Churchill'S new
government got
the right in the
Evening star., 1941-01-07
IA. T. & T. Reports
| Record Gain
In Phones
BY the Associated Press.


NEW YORK, Jan. THE Ameri-
can Telephone g. Telegraph Co. re-
ported today net addition of 949.-
900 telephones to the Bell system in
1910. This was the largest increase
for single year and brought the
total number of telephones in use
in the system to 17,483,800, also a
new record.
The net gain in December was
loo, compared with 10000 in the
like month 1899.
1t was estimated that the num-
Der of telephones in use in the
United States which can be inter-
connected, including those of the
Bell system and several thousand
independent telephone companies,
was about 21,830,o 900 at the end of
1910.
Evening star., 1941-01-07

all workers in metal, engineering
and shipbuilding industries from
f3 (about Sl2 on the basis of the
present exchange rate) in October,
1888, to "a SIS (about SD.
But the workman maintains his
salary has not kept pace with the
war-invoked rise in the cost of living
Some labor leaders say the employ
ers, backed by the Conservative
party, hesitate to elevate wages to
any great extent for fear they would
be forced to keep them there in a
postwar depression.
The employers themselves con-
tend publicly that it would do no
good to raise wages now since the
raise would automatically entail
higher production costs and conse-
quently still higher cost of living,
thus nullifying the additional
salary.
How labor responds to this argu-
ment was demonstrated by the
Amalgamated Engineering Union
the other day, which agreed only at
the eleventh hour to call off a strike,
after an appeal from one of it's
members. He had two sons fighting
for Britain, and demanded, when
they come home what could I say
to them if I had struck while they
were tighting?"
Bevin Wins Cabinet Post.
When you ask labor leaders in
general what they want, they reply
it is better chance in the future
of a caste-ridden land that draws
most of its leaders from the per
cent of the population attending
public schools"
One of their major fears is that
the war will jeopardize the advan-
tages they have managed to acquire
up to now. For instance, labor men
say they would like an "iron-clad
guarantee of protection if their
ranks are to be opened to a flood of
new labor, which undoubtedly would
mean a postwar surplus of skilled
workmen.
Laborites say they appreciate the
augmented voice in national affairs
which the war has given them.
Ernest Bevin, one of their own
people, has replaced "minerun
politician" in the Labor Ministry
Mr.. Bevin in addition has won a
place on the important inner war
cabinet.
But Mr.. Bevin, they say, is in the
difficult position of trying to keep
both workers and employers happy
now.
On the labor conscription question,
labor sees the prospect of the gov
ernment dropping the kid glove
method for one of blunt command.
Conscription advocates, however,
believe it might be more palatable
to labor if administered by some one
like David Lloyd George. They
think the question would be taken
out of politics if the 78-year-old
elder statesman who has no AK to
grind" were to enter the cabinet as
Munitions Minister with a blank
check to do anything necessary for
production of the necessary guns,
tanks and shells
Mr.. Bevin, often called England's
"next Prime Minister" does not
agree.
If Mr. Lloyd George is not called,
informed London sources say, Mr..
Churchill may either have to swing
Mr.. Bevin around or draft the men
into the factories himself.
A bright spot in the picture has
been produced by Lord Beaverbrook
and his brand-new Ministry of Air
craft Production. "The Beaver" has
prodded labor, management and
government departments with equal
vigor to get the planes, planes,
planes" Britain needs.
The veteran publisher modestly
admits he is driving industry to
the utmost" and smiles broadly as
he says that American planes are
flying over regularly.
Evening star., 1941-01-07
Check Transactions
Register Increase
AT Year End
Christmas Transfers
And Pay Rolls Swell
Weeks Volume
B, the Associated Press.

3, the Associated Press.
Erd = of the year transactions
boosted the value of checks cashed
IN the week ended January / to
$40, 1908 100000 in 274 leading cities.
The Federal Reserve Board said
this figure compared with $9,977,-
100000 in the preceding week and
S10,557 100000 in the corresponding
week a year ago.
Ofhcials said that the check trans
actions in the last week of 1910 also
-ere swelled probably by Christmas
checks and pay roll requirements.
BY the Federal Reserve districts,
comparisons Gin millions of dollars
follow.
Evening star., 1941-01-07

Beauregard and other training CEN
tiers. Lack 1000 homes.
BRIDGEPORT, Conn.-City esti-
mated to gain $4,000 in population
in 1941, against normal growth of
200. Socialist Mayor Jasper McLevy
told Federal Government needs
at least 500 to 900 new dwellings
and says he dare not put figure any
higher for fear boom will die out.
COLUMBUS, Ohio-With resi-
dental building rivaling 1928-29, no
immediate housing shortage indi-
Gated.
Evening star., 1941-01-07
Metal Market

NEW YORK Jan. : lP,.-Copper steady;
electrolytic spot. Connecticut Valley. Zoo:
steady: spot and nearby. 50.i0: forward d.
5005 Lead steady; spot New York
5.50-55; East st. Louis. 5.35 Zinc steady;
East St. Louis, spot and forward 7.S25,, Pig
platinum, Chinese wolframite and domestic
scheelite unchanged.
Evening star., 1941-01-07

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 indicated. are as quoted
by the SPONSORS or issuers
mot quoted by sponsors or issuers.
Evening star., 1941-01-07

There are no satisfactory substi-
tutes for manganese in the making
of steel, IA pounds being required
for each ton of steel.
Evening star., 1941-01-07
INVESTING Companies

NEW YORK. Jan. 7 lPl.-National As
sociation Securities Dealers. Inc:
CLOSING Quotations.
Evening star., 1941-01-07
Washington Exchange

SALES.
Capital Transit Co.'S at 14l2.
Security Storage Colo at 80.
Evening star., 1941-01-07
Federal Land Banks

NEW YORK. Jan. 2 (R.-Federal Land
Rank bonds.
Evening star., 1941-01-07
Dividends Announced

NEW YORK Jan. 7.-Dividends de-
clared-prepared by Fitch Publishing Co.:
Extra.
Pc. Stk. of Pay
Evening star., 1941-01-07
By WILLIAM McGAFFIN.

NEW YORK, Jan. John Eng
lishman who works in the ladies'
ready-to-wear at Selfridge's may
find himself one day soon turning
Evening star., 1941-01-07
CONSUMPTION of Labor Seen
As Possible British Step
Churchill Has Power but Hesitutes
To Use 1t on Already Restve Workers

(The question OF conscripttng
labor for Britain'S tDar efort-d
poWer Winston Churchill has but
heSitdtes to use-iS political
"dynamite" in England. William
McGa6in, Just back from Servtce
as an Associated Press 1Dar cor
respondent. discusses it in this
third OF a series OF behind-the-
scenes Stories.)
Evening star., 1941-10-06

Ukraine, Russians declared their
armies were in stronger positions
than at any time since the begin
ming of the invasion.
2l-Mile Advance Claimed.
The Russians also claimed their
armies had rolled back the German
besiegers of Leningrad as much as
2 to miles at some points and had
pushed forward at least 81 miles on
the Southwestern sector-in the
Ukraine.
The Germans claimed the capture
of the little Russian-held island OF
Abruka, miles south of the re-
Gently captured island of Oesel of
the Estonian coast.
Russia officially replied to Hitlers
Friday claims of heavy Red casual
ties by calling the Fuehrer's figures
fantastic and delirious data" and
charging that he was afraid of
telling the truth" on German losses
to the German people.
Here are Russian losses as an
nounced by Alexander Shcherbakov,
director of the Soviet Information
Bureau:
1,128,000 casualties-2300 900 men
killed, 720. 900 wounded, 178 900 miss
ing; 1000 tanks, $500 guns, and
5,3l6 planes.
He further asserted that the Ger
mans have lost 100000 casualties,
almost as much in Is weeks of war;
fare as the Kaiser lost in two years
of the World War; 1000 tans, 49,
600 guns and 5000 planes.
Hitler made these claims of Rus
sian losses: 2,5O0,O00 men; $4,000
tanks; $4,000 guns, and $4,000 planes.
Evening star., 1941-10-06
Civilian Needs Must
Also Be Supplied,
Roosevelt Declares
Distributors Are Told
To See Thot Defense
Doesn't Impose Hardship
BY the Associated Press.

BY the Associated Press.
BOSTON, Oct. 6.-President
Roosevelt asserted today that while
the monumental task of supplying
our armed forces and other democ-
racies must not be neglected, I'VE
must see to it that these primary
requirements do not impose un-
necessary hardships on our civilian
population"
The Presidents statement was
contained in a message to the Bos-
ton Conference on Distribution
national forum of businessmen
and acknowledgements by the
Chamber of Commerce.
The text of the Presidents mes
sage follows:
The Nation faces many new and
difficult problems in the field of
distribution. We must see to it that
the other democracies and our
armed forces are kept we'll supplied
with all their requirements for the
present struggle against the oppres-
sion and slavery of the dictators.
That. in itself, is monumental un-
dertaking but it cannot be neglected
in any way.
"At the same time, we must see
to it that these primary require
ments of international and nation
al defense do not impose unneces-
sary hardships on our civilian popu-
lations.
To do this, the processes of dis
tribution must be made more ef-
f1cient and effective than they have
ever been before. The production
of more goods and supplies must
Evening star., 1941-10-06
Mountain Climbers
Rush 10 Beat B|imp
In Rescuing 'Chutist
Sheer Rock Sides Of Peak
Dry OFF After Snow
And Fog Disappear
BY the Associated Press,

SUNDANCE, Wyo, Oct. 6-Four
veteran Alpinists toiled up Devils
Tower today, determined to beat
blimb to the job of rescuing George
Hopkins, who parachuted to the top
of the 1,280foot volcanic spire We'd
neSday.
The bhmp and its ground crew
left Akron, Ohio, this morning. 1t
cannot get here before Wednesday
or Thursday.
He'll certainly be off there before
the blimp gets here-you can bet on
that" said Paul K. Petzoldt, a vet
eran of climbs in the Himalayas.
Jack Durrance, a member of the
Dartmouth Mountaineering Club
who scaled the tower in 1898, also
expressed confidence Mr.. Hopkins
would definitely" be off his perch
by tonight.
Mr.. Durrance, Merrill McLane of
Rockport. Mass, and Chappell Gran
mer and Henry Coulter, both of
Denver, began the ascent, while Mr..
Petzoldt and three other expert
CIlCCu ClllllDClS Wdltcu UClOW W llclp
them.
Although snow fell on the tower
last night, a fog lifted from the fam
taStic formation early today. The
Rock was drying off.
Mr.. Hopkins shouted down that
the rock near the top was damp, but
not icy.
The aviator, who made the para
chute leap to win a $50 bet and pub
licize his planned attempt to set a
new record for consecutive jumps in
one day, has been supplied with food
and warm clothing dropped from
airplanes.
This started out as publicity
stunt. but it backfired, then wild
fired" said Earl Brockelsby of Rapid
City, S. Oak, who made the wager
with Mr.. Hopkins. I'm worried
about George"
Not really enjoying his enforced
stay, the well-supplied San Antonio
TEX daredevil nevertheless re-
manned in fine spirits.
Evening star., 1941-10-06
Neutrality Act Revision
MAY Face FiIibuster

By the Associated Press.
Talk of a Senate filibuster against
any change in the Neutrality Act
arose today even before President
Roosevelt reached a final decision
on what notifications to recon-
mend.
The talk was general. Anti
administration forces debated use of
the fllibuster as a weapon In their
fight to keep the act unchanged,
while those in the administration
camp anticipated the possibility Of
such strategy.
The threat caused several Sem
ators to recall the historic f1libuster
of March, 1917, when a band of IL
Senators talked to death the legis-
lation which President Wilson
sought for the arming OF American
merchantmen. That bill. incident
ally, was known popularity as the
armed neutrality bill"
Democratic Leader Barkley Of the
Senate, who is expected to be in
the forefront of the administration
fight for neutrality revision, told re-
porters he had no indication as to
what the President would recon-
mend. Senator Bark1ey, however,
was believed to side with Senator
Connally in favoring a complete
overhaul of the existing law.
History Could Repeat.
Once the White House recon-
mendations go to Capitol Hill, the
prospect is uncertain.
Il do not know what is going to
happen, remarked Senator Nye, Re
publican, of North Dakota, an op-
ponent of administration foreign
policy, "but I do know what hap
pened to Wilson'S bill History could
repeat itself"
On the other hand, Senator Clark,
Democrat, of Missouri, consistent
n-interventionist," told reporters
that he had no intention of partici-
pating in a fllibuster.
An Associated Press roll showed
20 Senators in favor of repeating
the neutrality law or amending it
to permit American ships to be
armed and go anywhere; six in
favor of arming the ships, 20 op-
posed to any change in the law, 18
desiring more time for study and
% out of Washington or unavail-
able.
There was general agreement
that a group of 20 Senators could
indefinitely delay and perhaps even
defeat any change in the law If
they were determined to filibuster.
The question of endless-talk op-
position strategy was expected to
be decided at a meeting Of ad-
ministration opponents this week.
Wheeler to Return.
Senator Wheeler. Democrat, of
Montana, one of the leading foes
of administration foreign policy,
was due back from speaking tour
in mid-week. Associates said that
shortly thereafter Senator Johnson,
Republican, of California, ranking
minority member of the Foreign
Relations Committee, would call a
meeting of all Senators fighting any
changing in the neutrality law.
The Senate has little on its docket
for the week. The House plans to
begin consideration wednesday of
the S. 1886 900 900 lease-lend bill.
Evening star., 1941-10-06
War
Continued From First Page.)

ment in attempts to smash Lenin-
grads unyielding defense line, a
special Tass (Soyiet news agency
report from the beleaguered city
said
Fierce fighting on Leningrads ap-
proaches has had no letup, the Off
cial agency said, reporting that one
Russian air unit alone had destroyed
324 German planes in the long bat
tie for the city, downing all in air
combat on its approaches except for
48 wrecked on German air bases.
The dispatch said the Germans
had launched repeated assaults in
recent days against one sector but
had to retire every time. losing sew
eral villages and large numbers" of
men and officers in Russian counter
thrustS.
In one offensive operation, Tass
said, daring Red army coup was
carried out at night, Russian soldiers
suddenly turning up behind the Ger
man lines to the besiegers' complete
surprise. The result, it said, was a
crossing of the river IN"
Elaborate Sham Possible.
If Moscow is the major goal of
the German drive, Hitler might
augment it by shifting some of the
Leningrad siege forces if he is
convinced that the Russians can be
contained there.
Some London war observers were
inclined to ask whether the indi-
Gated Moscow push were not part
of an elaborate sham to cover up
the failure to take Leningrad with
the overwhelming sWiftness" of
which the high command once
boasted.
London commentators expressed
belief there was small chance of
immediate change in the "stabil-
lied" siege and defense of Odessa
on the Black Sea-a city long since
by-passed by the Germans drive
through the Ukraine.
Continued fierce German pres
sure toward the Donets Basin and
Kharkov in the Eastern Ukraine
was acknowledged, but the sub
sidiary attempt to break into
Crimea through the Perekop Ith-
mus was said to have been eased
by Russian attacks on the
German flank there.
While the Germans were talking
thus about a new turn in the war
and their high command was claim
ing the capture of 10000 more Rus
sian prisoners in the Southern