davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-10-05
President Is Out,
General AniIine
Board Reveals
Attempts to Remove
Present Directors
Also Hinted
By the Associated Press


NEW YORK. Oct. General
Aniline & Film Corp. today an
nounced that D. A. SchmitZ was Out
as president. The statement came
in the wake of news from Washing
ton that the Treasury Department
had denied the appica ton Of an
other American firm, General Dye
stuff Corp, to acquire control of
General Aniline from its Swiss
owners.
General Aniline's Board Of Di-
rectors also announced it had no
previous knowledge of General Dye
Stuff'S application and that it did
not favor the request.
1t also was revealed tha. a Cen
eral Aniline stockholder had pe-
titioned Chancery Court in Will
mington, Del, for an order to COM
pei General Aniline to call a stock
holders meeting TO elect a new
board.
D. A. Schmitz became president of
General Aniline in 1885 IN succession
to his brother Hermann. who is
chairman of the board OF I. G. Far
benindustrie A. G., the German dye
trust.
The New York Herald Tribune in
terpreted the steps as apparent
that behind the scenes contest is
developing in which one or more
groups are attempting to oust the
present Board of Directors from
control of General Aniline."
Evening star., 1941-10-05
Auto Production
Placed at 1900
Units for Week
' the Associated Press.

DETROIT, Oct. 4.-Automotive
News in its weekly survey of the
motor car industry today places this
weeks output of cars and trucks in
the United States and Canada at
79,700 units, slowed down somewhat
by labor disturbances that affected
the Chrysler Corp.
This compared with 1898 last
week and l04863 this week last year.
The trade paper places September
assemblies at 262 ,666 units, still
somewhat below the quota allowed
under the Office OF Production Man
agement restrictions.
The production survey credits
General Motors divisions with 34a1o
units this week. compared with 32.-
566 last week: Chrysler with 1925.
compared with 20,l76 the preceding
week, and the Ford group with H..
$50, compared with 1912
Among the other companies, the
publication said, Studebaker con-
tinued to lead in output volume. fol-
lowed by Nash, Hudson, Packard and
WHY'S in that order.
Evening star., 1941-10-05
BY BERNARD S. OHARA,

Associated HreSS flHdnCEai writer
NEW YORK, Oct. 4.-Buying in
rails and specialties offset apathy in
other parts of today's stock market
and enabled the list to emerge from
a struggling week pointing slightly
higher on average.
Steels. motors, aircrafts, rubbers,
mail orders, oils and coppers did lit
tie If anything and number were
under water at the close. Advances
of fractions to around a point, how
ever, had shade the best of it.
The Associated Press average of
so stocks was up i OF point at
43l and on the week showed a net
gain of as much. Leaders mostly
were slow movers but hveliness of
several low priced issues put the
volume at 214.17O shares compared
with 1874 ,420 a week ago.
War News Neglected.
Boardrooms continued to pay
scant attention TO war news. Busi-
ness developments were bolstering
for individual stocks but So-called
pivotals still had to contend with
tax fears and spreading Federal in
dustrial restraints.
Carriers, which woke up yester-
day after a long sleep. were aided
by revived hopes the wage contro-
yersy would be settled without de-
pressing transportation profits too
severely.
International Mercantile Marine
was the days fastest sprinter. push
ing up g to 87s on authorization of
a Reconstruction Finance Corpora
ton loan to this concern for retire.
ment of its per cent bonds which
matured Oct. l. Heavy purchasing
of these loans at an upturn of 9as
points at 997s helped give the bond
department its largest dealings for
a Saturday in more than two years.
In front of the specialized rise
were shares of Santa Fe. Southern
Pacific, Pennsylvania. Atlantic Coast
Line, Nickel Plate Preferred. Great
Northern, Chicago & Eastern Ilii-
nois "A" American Smelling. Adams
Express. Postal Telegraph Preferred
Dow Chemical. Du Pont, Eastman
Kodak and J. c. Penney.
Steel Issues Unchanged.
United States Steel and Bethle-
hem were unchanged as forecasts OF
a drop in ingot output before the
end Of the month. due to scrap
shortage, were heard On the off
side were General Motors. Chrysler
Western Union, Goodyear. Goodrich
Sears Roebuck, Montgomery Ward
Douglas Aircraft. Johns -Manville
and Standard OIL IN. j..
In the curb small plus signs were
attached to Electric Bond & Share
American Gas. Pantepec and Re-
publican Aviation. Among losers
were Aluminium Of America and
Brewster Aero. Turnover here an
proXimated $4,000 shares versus 48,-
600 last Saturday.
Evening star., 1941-10-05
Butter Futures Depressed
By Argentine Imports

BY the Associated Press
CHICAGO. Oct. 4.-Produce trad
ers today blamed a report of i'm
pending Argentine butter imports at
New York as being partly respon-
sible for a decline in butter futures
prices here
The Agricultural Marketing Serv-
ice reported approximately 5000
boxes of Argentine butter are due
to arrive in New York Monday and
additional quantities estimated at
upwards of $4,000 boxes are expected
the next few weeks.
Butter futures here lost Il cent a
pound, with November delivery clos
ing at 1886 cents. or about the low
est level in seven weeks. Liberal
receipts here and tagging demand
also were blamed for the markets
weakness
Traders said there are So pounds
in box of Argentine butter. Cur
rent prices. cost, insurance and
freight included, were around %
cents a pound. The import duty is
IA cents. Domestic butter extras
were quoted at 81 in the spot mar
ket here.
Evening star., 1941-10-05
Most Grain Losses
Recovered After
Soybean Break
Beons Drop os Much
As ; Cents Before
Staging Comeback
BY FRANKLIN MULLIN,
Associated Press Market Wrlfsr

CHICAGO. Oct AFTER being
upset again by another break in soy
bean prices. the grain market
steadied itself today and regained
most of the early losses ranging
from fractions to a cent a bushel.
Beans tumbled as much as cents
early in the session. following yes
terday's net losses Of 534 TO u. cents.
This carried contracts for delivery
this month to around S167, lowest
in almost a month and about 81
cents below the four-year peak es-
tablished on September II Later,
strength OF cotton and cottonseed
oil, a product competing with soy
bean oil, and reports of continued
wet weather in the belt where har-
vesting should be expanding. helped
to rally beans and grains followed
Wheat, which had lost as much
as a cent early in the day. rallied
to previous closing levels at times,
but could not hold the full advance
and closed is-ss lower than yester-
day. December, 1905 -12l; MAY.
1.26-1257s. Corn finished 1s-ss
lower: December. 80l2-ss; May,
859s "a: oats unchanged TO i. off; ;
soybeans, l.-114 lower: rye. /. down
and lard lower TO 3 higher.
While building up moisture re-
serves in most areas. the wet wealth
er was reported interfering with
harvest and movement of late spring
wheat in the domestic Northwest
and in Canada. Furthermore. rain
was not wanted in the corn and
soybean belt, with beans ready for
the combine.
Late strength of cotton and soy
bean meal futures affected grain
and bean prices. However, spot soy
bean meal lost 81 10 SO a ton and
oil was quoted Isl. cent a pound
lower.
Grain range at principal markets
today:
Evening star., 1941-10-05
TRUST COMPANIES
Sl36.598.332 SO
pErApTTJn ALTON
Priorities Members Named.


Edward C. Baltz, secretary, Per-
petual Building Association. and e.
K. Jones, secretary. Interstate Build
ing Association, have been appointed
by william n Payne. jr.. president
of the District of Columbia Build
ing and Loan League. to serve as the
leagues representatives on the
Priorities Commission sponsored by
the various building and manage
ment groups.
President PAYNE also announced
yesterday that the leagues annual
election Of officers will take place
on Tuesday, October %, at the Ra-
leigh Hotel. The business session
will continue from to 7, after which
members will adjourn to a reception
room to greet prominent members
OF the Federal Home Loan Bank
System and other Government off,
cials. Dinner will follow william
II. Dyer, assistant secretary, is in
charge of the affair
Directors of the league have voted
to meet twice each month during
Jilt LOU vi bllC hCcD
In closer touch with changing con-
dltions
Auditors of for Chicago.
Washington bank auditors will
leave tomorrow for Chicago to at
tend the 18th annual convention of
the National Association of Bank
Auditors and Controllers. The party
will include Arthur J. Linn. past
president Of the association: Ray
mond G.. Marx. James D. Barrett. H.
Norman GlaSco and Lewis E.
Thomas. chairman of the auditors
section of the District Of Columbia
Bankers Association. One of the
best programs in years has been
provided.
Friedlander in New Position.
Philip P Friedlander, for the last
four years with the Stock Exchange
f1rm Of j. S. Bache & Co, has Joined
the staff OF Johnston, Lemon & Co,
Washington investment firm. it was
announced yesterday. He has been
in the financial field for % years
with several different brokerage
concerns. He will assume his new
duties tomorrow. Mr. Friedlander
vas in the newspaper business for a
time before entering the investment
and brokerage field.
Power Stock Sells at 116.
On the Washington Stock Ex-
change yesterday, Potomac Electric
Power per cent preferred stock
sold at ll6, unchanged. The stock
was very active during the week.
Evening star., 1941-10-05
Lake Grain Shipments
Remain on Small Scale
BY the Associated Press


CHICAGO, Oct. with less than
two months remaining of the Lake
navigation season, grain shipments
from Chicago for Eastern ports to-
day remained on small scale. due
principally to the scarcity of YES
sci space and storage room at des-
tina ton points
Since navigation opened early in
April only about 100000 bushels
of corn, 100000 bushels OF wheat,
100000 oats, 100000 rye and 100 900
soybeans have cleared from Chi
cago elevators by the Lake. This
total of approximately 1900 900
bushels is approximately half the
volume the corresponding period
last year Shipments up to the end
OF the season on December s. 1910
totaled 45,85O000 bushels of grain
and 153 900 soybeans.
In September this year corn ship
ments by Lake totaled 2,437, 900
bushels.
Evening star., 1941-10-05
Government to Help
Simplify Products

The Commerce Department has
set up a new procedure to encour-
age industry to simplify or STAN
dardlze its products in order to con-
serve defense materials.
The plan provides for conferences
with industries where such savings
appear likely, either on the initiative
of the industries themselves or at
the call OF the Commerce Depart
ment or Once Of Production Man.
agement.
Evening star., 1941-10-05
Cromp ShipbuiIding
To Add Directors
BY the Associated Press.

FTPSS.
PHILADELPHIA. Oct. 4.-Wil-
liam G. Dubose, president Of the
Cramp Shipbuilding Co., announced
today company directors would elect
Norman F. S. Russell and Frank E
Baker as members of the board at
a meeting Monday
Russell is president of the U. S
Pipe & Foundry Co of Burlington,
N, j., and Baker is a partner of the
New York brokerage firm of Baker,
Weeks and Hardin.
Evening star., 1941-10-05
Wood Alcohol CeiIina
Below Recent Prices
BY the Associated Press

By the Associated Press
Leon Henderson. price admins
traitor yesterday imposed a ceiling
price of so cents a gallon on wood
alcohol delivered east of the Mis-
sissippi River and a ceiling of SO
cents on deliveries west of the Mis-
sissippi.
Wood alcohol is used as an anti
freeze and in the manufacture of
formaldehyde. denatured alcohol,
paints, varnishes and numerous
other products.
The price schedule was the fourth
imposed by Henderson on industrial
chemicals and he said that maxi
mum prices would be set for others
in the near future"
Officials said the wood alcohol
ceiling was somewhat lower than
prices at which many sales had been
made recently.
Evening star., 1941-10-05
D., T. & |. RoiIroud
Plans Note Issue
BY the Associated Press

By the Associated Press
The Detroit, Toledo & Ironton
Railroad Co. sought permission of
the Interstate Commerce Commits
sion yesterday TO issue and sell
$4,000,O00 of 10-year serial notes,
payable in equal annual INSTALL
ments of 100000 beginning next
October l.
The company said it intended to
use the proceeds, along with other
funds, to redeem at los per cent,
plus accrued interest, 1929 1000 of
f1rst mortgage per cent bonds.
Evening star., 1941-10-05
Steel Scrap Shortage
Reported Growing
Steadily Worse
Supplies at Pittsburgh
DwindIe; Ceiling
On Prices Blamed
By the Associated Press.

By the Associated Press.
NEW YORK. Oct. 4.-Worry over
steel scrap shortages increased in
the metals markets this week. Some
observers thought cold weather
might shorten the supply even fur
ther.
Pittsburgh reports were the mills
there were reducing their stock piles
sharply and that the scarcity was
apparently worse than in some other
steel centers.
Price ceilings got most of the
blame for the shortage.
Production of some sheet mills has
been changed to light plate. it was
reported, allowing regular plate
rollers 10 give more attention TO
heavier shipbuilding material.
1t was indicated the seasonal let
down in shape mill activity would
be lessened this winter by defense
requirements.
Copper Expansion Planned.
Efforts to obtain new scale
copper output highlighted non-fer-
rous metals markets, along with full
priorities for lead.
Defense Plant Corp. officials and
Phelps Dodge copper experts were
reported we'll along on a plan TO in
crease the Morenci open pit mine
capacity 10000 tons by early l943.
Development Of the Morenci prop
erty started about five years ago
Production is expected TO begin
about December | at rate of 75. 900
tons of refined copper a year. The
cost was estimated at s35. 900 900 to
the company and the Defense Plant
Corp. was expected to put up around
$4,000 900 TO obtain the additional
so 900 tons.
Lead PriOrities Hailed.
Trade circles approved full priori-
ties on lead. The plan calls for an
emergency pool of domestic refinery
output similar to the zinc pool. In
addition, foreign lead purchases of
Metals Reserve Co. will be allocated
Copper prices were held firm at
II cents pound for domestic metal
Connecticut Valley base. Foreign
copper was quoted at 1li2 cents a
pound f.a.s. New York This cate
CORY covers red metal not subject to
Metals Reserve Co. agreement and
for manufacture against export Or
ders.
Lead prices were continued at SIS
cents pound, New York. and $40
cents. ST. Louis.
Zinc was strictly rationed bv
principal primary sellers at 725
cents a pound. East St. Louis.
Evening star., 1941-10-05
A. P. Industrial Index
OFF Slightly in Week

NEW YORK, Oct. 4.-The Asso-
ciated Press index of industrial &C
tivity declined slightly this week to
1882 from 1884 the previous week.
The decline represented the failure
of industry, already running at a
fast clip. to make the usual seasonal
advance rather than a decline in
the actual volume of production.
Electric power output and rail-
road carloadings increased, but in
each case the gain was less than
normal for this season. Steel pro-
duction scored a small advance.
Components. adjusted for normal
seasonal variations, compared as fol-
lows:
Evening star., 1941-10-05
Royal Typewriter Co.
Reports Higher Net
BY the Associated Press.

FTtbS,
NEW YORK, Oct. 4.-Royal Type
writer Co., Inc. and domestic sub
sidiary reported today net profit for
the fiscal year ended July 81 of
s2,732,852. equal after preferred div
idend requirements to s9.19 a share
on common stock, compared with
s2,387,753 or s790 a share in the
preceding year
The tax provision for the recent
period was s2,42s.55s, against ST.
116,302 in the preceding year.
Evening star., 1941-10-05
Changes in Pototo
Standards DELAYED
BytEe Associated Press

BY the Associated Press
The Agriculture Department an
nounced that revised standards for
potatoes, scheduled to become ef-
fective october 10, would be delayed
until June !, 1912. Officials ex-
planned that futures trading in po-
tatoes had been unusually active in
recent weeks and that placing new
standards into effect at this time
might cause market congestion and
price disturbances.
Evening star., 1941-10-05
All D. {. Banks
Reveal Gains
In Deposits
Uniform Rise From
June 80 Levels Is
First on Record
BY EDWARD c. STONE.

For the first time on record, every
one of Washington S % banks record
ed an increase in deposits in the
period from June 80. this year. to
September "a, the date of the con-
troller of the Currency's latest con-
dition call, according to a survey
completed Yesterday by Audley A.
p. Savage, auditor of the National
Savings g. Trust Co. On previous
call dates, some banks. for various
reasons, have always revealed de-
creaSes.
Capital banks again established a
new record for total deposits. On
September "a the figure reached
s4774l9.l1427, a sharp gain of S26.-
724 ,052.13 over the previous peak of
$3.50 695 .O62 "a at the end of June
AS a group, the national banks had
the largest gain, Sl8,372, ,63454. The
trust companies came second with
an uptuln of s5.133 ,92864 while the
savings banks followed with an in
crease of S3217 ,48904
Comparisons reveal astonishing
gains in Capital deposits. A year
ago at this time the call was omitted
but on October 2, 1899. deposits
totaled only $685. ,029, $50 and on Sep
tember %, 1888. were only $3.50 ,625.-
029 On October 25, 1898. shortly
after the bank holiday, deposits in
the banks here totaled $217 .224, 1857.
Bankers say that the recent in
creases are due largely to the growth
Of the Capital because of national
defense and add that a good many
people have transferred a lot of
money from the States. It is also
noted that a great many tax checks
have not yet been returned to the
banks for collection.
Deposits on Sept. "a, 194l.
Auditor Savage's compilation
shows the following deposits in the
individual banks on the controllers
call date, September "a. 1941:
NATIONAL BANKS
Evening star., 1941-10-05
Cotton Is Boosted
IA 10 Is Points by
Spot Demand
Revival Of Dry Goods
| And Mill Activity
Expected by Trode
By the Associated Press.
AFrvry

bN lHt ASSC C4st teQ Press.
NEW YORK. Oct. 4.-Cotton fu-
lures gained IA 10 25 points today.
heavy spot house trading again pro-
viding the major activity.
Observers expected renewed busi-
ness in the Worth Street ory goods
market TO follow analysis of the new
price schedule for yarn. resulting
in better mill demand for cotton.
This belief, coupled with further
reports of crop damage in Texas
by rains, stimulated speculative. mill
and commission house buying.
Mills were reported seeking cot
ton for both prompt and forward
shipment.
Port receipts Friday, 1e,087 bales;
port stocks. 3,201 ,447.
Range fOllSu-S.
Evening star., 1941-10-05
Markets Are Closed

NEW YORK, Oct. 4 (P).-The fol-
lowing domestic and foreign COM
modify and security markets were
closed today: New York, butter,
cheese and eggs; bar silver, dry
goods, hides, rubber, silk and met
ais futures. Savannah, naval
stores. London, bar silver and gold
metals, stock exchange.
Evening star., 1941-10-05
South Boston Tobacco
Average Is Highest

BY the Associated Press.
Sales Of bright leaf tobacco on
the South Boston market Friday
yielded s35.67 hundred pounds.
The market disposed of 627O54
pounds.
Total sales and price averages re-
ported by other Virginia markets:
Evening star., 1941-10-05
MeGiIl Staple Index
Lower During Week
special Dispatch to The Star.

special Dispatch to The Star.
AUBURNDALE. Mass, Oct. A.
The commodity price index compiled
by the McGill Commodity Service,
Inc, declined to 88.7 on October 3,
as compared with 88.9 week ear
lier, and ISL at the beginning of
the year.
The decline was attributable
chiefly to weakness in livestock
prices. Both the industrial and
agricultural indices we're slightly
hicher during the week.
Evening star., 1941-10-05

ChicsEo Cash Market
CaSn wheat prices were steady today;
basis steady 10 easy receipts, "a cars
Corn uneven; basis irregular; receipts
IL cars: sales, $1,000 bushels; bookings,
1000 bushels
Oats i4-I2 lower: basis firm; receipts,
E3 cars: sales, 10000 bushels.
Evening star., 1941-10-05
Maryland Wheat Looms

COLLEGE PARK, Oct. (P.-
Loans to Maryland wheat growers by
the Commodity Credit Corporation,
up to September 13. totaled s1,578,-
66066 on 1.354.255 bushels of wheat.
Altogether 2,973 loans were made.
Evening star., 1941-10-05


Cott0nseed Oil
week enc evening-uD trade left cotton
TO-DAY on sales OF 62 contracts
October closed - 96b December I3 $50
January l311b, March, l3 $40: NAV
l3.S5c. tb-Bldh
BIDS for crude oil in the southeast and
valley were l2lz cents a pound ana ~
Texas 1925 cents 40
Evening star., 1941-10-05

Cottonseed OIL closed steady Bleach
abe prime summer yellow. II aOr. prime
crude. ,l2iab. October. IL $40. Deem
per l3; Abb. January, 1880, March
l3 sob May II 53b
Bid n nominal
Evening star., 1941-10-05
New 0ries ms Prices.

NEW ORLEANS. Oct .P-Further
mere today, attributed 20 Unfavorable
weather IN The belt, crop deterioration and
continued heavy demand for spot The
market Closed steady, Is TO 35 points net
Evening star., 1941-10-05
Railroad Shares
And Specia|ties
Edge Forward
Help Offset Apothy
In Other Sections
At Weeks Close

WHAT STOCKS DID
The Waterbury Democrat., 1941-06-03

a huge army of the old.fashioned infantrymen wouldn't have a chance against Nazl tanks when it got there. It Is unlikely that an invader could land even 5000 men on our shores. To overcome that many, would we need three or four million foot soldiers with ribles2 Or would we need a few hundred thousand swift-moving armored troops with concentrated fire powerp"
 Collins charged that the War De. partment repeatedly had blocked plans to motiernize national de- fense, and had stood pat with 0 bow and arrow" mass army tech- nique, He said 1t was not the army but Congress which forced adoption of the modern rubber-tired chassiS for field and anti-tank artillery; that the Army delayed rather than expedited the acquisition of tanks; that the Army blocked adoption ot the huge flying fortress airplane for long range bombing; that the Army locked initiative to propose that those bomhers be equipped with guns in their tails.
 Forced Adoption
 Neither long range bombers nor their proper armament was sought, Collins wrote, until Major General Henry H. Arnold became chief oE air corps two years ago and forced their adoption"
 And collins charged that historic. ally the Army had been blind to advancement in ars and tactics, Spe officially, he said, the Army had failed properly to realize the value of these American inventions until other nations adopted them md proved their worth repeating rifles, caterpillar traction (which makes tanks possible), machine guns, mod. ern hand grenades, airplanes.
 Despite the indispensable service of aviation In three years of the World War (i9l4-lD" Collins cons tinusd, tour army had only four planes when he entered the conflict.