davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-10-26
Furniture Bookings Up
Sharply in September

BY the hSSOCla ted Press.
GRAND RAPIDS, Mich, Oct. 25-
The furniture industry booked more
new orders during September than
in any otner non-market month on
record. Seidman & Seidman, ac-
countants, reported today.
The volume surpassed even the
market months for the entire period
from 1928 to 1910, the report said,
in spite of the fact that many manu-
ufacturers have found it necessary
to limit the amount of new business
to be accepted"
Orders were up 10 per cent from
August and % per cent above Sep
tember of 1910, raising the huge
backlog of untitled orders for the
industry to level 126 per cent above
the same period year ago.
Shipments showed an 8 per cent
gain over August and a 81 per cent
rise over September, 1910.
The report noted retail sales OF
furniture have been extraordinarily
heavy for this time of the year." and
attributed the demand to growing
purchasing power and the high rate
of small home buildings.
Evening star., 1941-10-26
August Decline
| In Oil Stocks
Is Revealed
BY the Associated Press.

BY the Associated Press.
The Bureau Of Mines reported
yesterday a 1890, 900 barrel decrease
during August in total stocks Of all
oils.
Stocks amounted to 544,019 900
barrels, or 122 days requirements on
August 81, compared with SAT ,409,-
900 barrels or 126 days on July 81.
August stocks were 3l,511 900 bar
rels less than for the same month
last year. Total demand for all oils
rose from 1874 ,879 900 barrels In July
to 138,614,000 In August, of which
II 1859 900 were for export.
The bureau reported the August
total new supply of all oils at 1885,
224, 900 barrels compared with a new
supply of 131,O3S.00O during July.
Domestic production increased from
3,774, 900 barrels in July to 127..
270,0O0 in August, and was l.796 600
higher than the previous August.
Evening star., 1941-10-26
-Four Railroad Issues
Approved byI. &C.
oeciaI Dispatch To The Star.
BY the Associated Press.

BY the Associated Press.
The Wichita Union Terminal Rail-
way Company Of Wichita, Kans.,
received authority from the Inter-
state Commerce Commission yes
terday to issue and SELF at par 81
100000 of first mortgage serial
bonds.
Equipment issues authorized BY
the commission included:
The Chicago, Milwaukee, st. Paul
and Pacific Railway to issue S2.-
744,000 of equipment trust certifi-
Gates, series w, to be sold at 100173
per cent Of par and accrued divi-
dends..
The Missouri Railroad Company
to issue and sell at 101 .666 per cent
Of par and accrued dividends s4.-
185,000 Of equipment trust certifi-
Gates, series GG.
Trustees of the Florida East Coast
Railway Company to issue and sell
to the Reconstruction Finance Cor
poration $1,000. 900 of 2N equipment
trust certificates series j.
Evening star., 1941-10-26
Sharp Acacia Increases
Reported by Montgomery

William Montgomery, president OF
the Acacia Mutual Life Insurance
Co., reported to the board OF direc-
tors yesterday that new business
written in the first nine months OF
this year was 20 per cent higher than
in the like period in 1910.
At the same time, he stated that
the increase in business in force was
SLABS 900 for the first three quar-
ters of this year. bringing the lnsur-
ance in force as of September 80 to
an all-time high of s437 1892 300. The
gain was 60 per cent Improvement
over the net increase in the busl-
ness in force during the same period
a year ago.
A notable increase also has been
recorded in assets. which reached a
total of more than $98,826, 900 as OF
September 30. Assets have risen
SIS. .12O, ,568 since January l.
For the first three quarters OF this
year policy loans showed reduction
of % per cent in both volume and
number compared with the corre-
spending period of last year and
there was further improvement in
conservation, bringing. the lapse
rate to the lowest point in history.
Evening star., 1941-10-26
lCWiIions Must
Face Shortages,
Nelson Warns
By the Associated Press.

BY the hSSOCldlSQ fGesS.
CHICAGO, Oct. 25.-Donald NJ.
Nelson, executive director OF the
Supply Priorities and ALLEGATIONS
Board, informed municipal officials
today that until the defense emer.
gency was passed the Nation was
going to have to run short on every
thing.
He said he did not mean that
there was an insufficient supply Of
raw materials for military needs,
quickly adding:
But we do not have-and cannot
have until this emergency ends
enough steel, enough aluminium,
enough of the other metals, to meet
all of our military needs plus the
needs of our civilian economy.
These shortages are overall short
ages They mean we can get
through this crisis only by cutting
down on the amounts that go to civil
industry"
Nelson's address was prepared for
the 18th annual conference Of the
American Municipal Association.
Evening star., 1941-10-26
Defense Contracts Let
For Maryland Plants
By the Associated Press.


Contracts announced by the War
Department yesterday included:
General Motors Corp, Detroit,
Mich, (for manufacture at Chevro-
let motor division, Baltimore, Md
trucks. S187,140.
Rubberoid Co., Baltimore, Md,
roofing, $12,069.
Bowen & Co., Inc, Bethesda, Md,
planimeters, $4523.
Koppers Co., Bartlett-Hayward di-
vision, Baltimore, Md, weldments,
1921 500.
Triumph Explosives, Inc. Elkton,
Md, fuze assemblies. $75,445.
O'Sullivan Rubber Co.. Hagers-
town, Md, outlet valves, $48,500.
Mount Vernon Woodberry Mills,
Inc, Baltimore, olive drab cotton
duck, $56,S62; cotton tent duck (600,-
900 yards), $142800.
Linde Air Products Co., New York
(for manufacture at Baltimore, Md
acetylene gas, $1,104.
Evening star., 1941-10-26
Activity in Cotton Gray Goods
Is Largest in Many Weeks

under way but on a reduced scale.
Wide fluctuations in the price OF
cotton kept every one nervous, es-
pecially since the new system has
been in operation less than a week.
Woolen piece goods markets were
quiet following announcement OF
huge impending Government orders
which will require about 10000, 900
yards of worsteds. The trade found
it dificult to fit this amount Of
goods into current production
schedules. The net result was a
Tightening of offerings for civilian
consumption.
Rayon manufacturers were re-
luctant to COMMIT themselves to fu-
ture contracts in view of the fight
still being waged by small producers
of greise cloth to bring about a
revision Of price ceilings which they
claim inequitable to small plants.
Evening star., 1941-10-26
Nv the Associated Press.


NEW YORK. Oct. 25.-Worth
Street had more activity in cotton
gray goods this week than In many
weeks past with most quarters esti-
mating turnover at close to the
$4,000, ,000-yard level.
The new flexible price ceiling tye-
ing cotton cloth prices to that OF
spot cotton was put into effect
Monday and almost Immediately
sellers offered around 100000
yards of print cloth and broadcloth
to eager bidders. A sharp break
in cotton futures brought a drop
of about "a cent a pound IN the
maximum prices of gray goods how
ever, and this tended to discourage
further offerings for the time being.
With spot market recovery later
In the week business again got
Evening star., 1941-10-26
Stocks Go Down
Moderately at
Week Close
Adverse War Reports
Bring Declines Of
Fractions to ST
BY BERNARD S. O'HARA,
Associated Press Financial Writer.


NEW YORK, Oct. 25.-War news
helped put slight crimp in today's
stock market and the list generally
finished fairly progressive week
slightly on the downside.
Recovery efforts encountered op-
position at the start and, while weak
ness was rarity, irregularly lower
trends persisted to the close. Final
prices in the brief proceedings were
lower by fractions to a point in the
majority of cases. Scattered issues,
however, exhibited sufficient
strength to take the edge off the
retreat.
The Associated Press average of
so stocks receded OIL of point at Alb
but On the week was up 03H Trans
fers for the two hours totaled 269,-
140 shares compared with 269, ,130
last Saturday.
War Picture Darkens.
The darkening Russian picture
especially admission of the Reds
that the Nazis had launched a new
and sharper attack along the Mos
COW front and the German claim of
the capture Of Kharkov, served to
cool the bullish urge, brokers said.
In view of international complexi-
ties there was a tendency to tighten
commitments for the Sunday recess
Growing labor difficulties proved
a buying handicap, 1t was suggested
although wide assortment of fav-
orable earnings statements from
large corporations was a partial off,
set here. Business happenings pro-
vided scant stimulation marketwise.
A dip in commodities was a dam
per for the securities division. Soft
ness here was attributed partly to
the Treasury ruling prohibiting use
OF frozen foreign funds in this coun-
try for speculation in futures of
staples:
Among shares in the minus column
were United States Steel. Bethle-
hem, Southern Pacific. Southern
Railway, Chrysler, United States
Rubber, Sears -Roebuck, Boeing,
Western Union, Anaconda. Kenne-
colt, du Pont. Johns Manville,
Standard Oil New Jersey, East
man Kodak. General Electric, Union
Carbide and United States Gypsum.
Two Issues Jump.
On the other hand. Certain-teed
preferred and American Airlines
pushed up q. points each. Slightly
improved were Texas Corp. Mont
gomery Ward, youngstown Sheet
and J. I. Case
|. Steadier tendencies crept into the
curb at the last and minor ad-
vances were retained by Phoenix
Securities, American CynaQid "B,' -
American Gas and Humble Oil.
Easier were Beech Aircraft and In
ternational Petroleum. Volume here
aggregated $4,000 shares versus ST.
900 week ago.
Foreign affairs Wed with imitation
psychology as market factors during
the week. Large blocks of low
priced issues 'buoyed activity in most
sessions, as selling to establish in
come tax losses got under way. The
big board was unchanged on bal
ance Monday. Commodities shot up
Tuesday on the outlook for boosted
parity loans on basic farm products.
Rail and industrial shares responded
with good gains. There was a set
back Wednesday as war fears COM
bined with worries over Federal in
dustrial restraints to stem bidding
Trends revived Thursday and Friday
without much change in the general
news picture.
Evening star., 1941-10-26
American Radiator
Reports S5,171,849
Net in 9 Months
Profit Is Well Above
S3,720,806 Earned
In Same 1910 Period
By the Associated Press.

BY the Associated Press.
NEW YORK, Oct. 25-In a re-
port for the nine months ended
September 30 the American Rad
iator & Standard Sanitary Corp.
today showed net profit of IS Ill .849
after provision for Federal income
and excess profits taxes, equal to
40 cents share on the common
stock. This compared with $3,720,-
806. or IS cents a common share in
the first nine months of last year.
Sherwin- Williams.
Sherwin- Williams Co., paint man.
ufacturers, reported for the fiscal
year ended August 81 consolidated
net profit of s5,611,185. equal to
s763 a share on the common stock
against s4,828, ,746, or s6.57 share
in the preceding year.
National Acme.
National Acme Co. reported for
the quarter ended September 80 net
profit of s958,193, equal, after pro-
vision for Federal income and ex-
cess profits taxes. to SLIP a share
on the capital stock. For the quar-
ter ended September 80, 1910. the
company reported net profit Of
$685. 1886. before provision for excess
profits taxes.
Life Savers Corp.
Life Savers Corp. and subsidiaries
reported for the nine months ended
September 80 net profit of s75l .0O4,
after provision for taxes, equal to
S214 a share. This compared with
s811982. or S2.32 a share for the
nine months ended September 30,
1910.
Chain Belt Co.
Chain Belt Co. reported for the
IL months ended September 80 net
profit of s1,095,282. equal to S225
a share, against s1.060853, or s218
a share for the preceding IL months.
National Cash Register.
The National Cash Register Co.
and subsidiaries reported net profit
of s1,224043, or IS cents a share on
the capital stock for the quarter
ended September 80. The profit was
after depreciation and Federal and
foreign income taxes.
In the June quarter this year
profit was s828.618, or 81 cents a
share, and in the September quarter
last year it was 1892 ,554, or "a cents
a share
Chicago, Rock Island.
Chicago, Rock Island g. Pacific
Railroad reported for the nine
months ended September 80 net
(See RADIATOR, Page C-9D
Evening star., 1941-10-26
Auto Production Estimated
Al 89,,937 Units in Week
BY the Associated Press.


DETROIT. Oct. 25.-The trade
newspaper Automotive News today
estimated this weeks output of pas
senger cars and trucks in the United
States and Canada at 89,937 units.
This compared with 86,243 vehicles
last week and 1888 this week a
year ago.
The survey credited General Mo-
tors Corp. with 34,420 vehicle as
semblies last week. compared with
34,411 in the previous week; Chrysler
divisions with 20950 this week, COM
pared with 20962 last week, and the
Ford group with 18,900, compared
with 1888 the previous week
Termination Of the Midland Steel
Products Co. strike in Cleveland, the
publication said, enabled Studebaker
to resume operations last Monday.
while Hudson, also dependent upon
the Midland plant for its chassis
frames, got into only partial output
this week Nash, Packard and WHY'S
production was reported as steady.
Evening star., 1941-10-26
Expansion in Electric Furnace
And Alloy Stee|s Is Hailed

record Of near 5000 900 tons, about
13 times the average annual pro-
duction during the World War.
Such production has been possible,
the Iron and Steel Institute said,
because the steel industry has ex-
panded electric furnace steel capac-
ity by IS per cent In the last two
years. In December, 1899, the total
capacity was estimated at only 1000
600 tons Of steel a year. Actual pro-
duction for that year was l,029 900
tons of electric furnace steel and
3,212000 tons OF alloy steels.
The industry's capacity for alloy
steel production this year is above
5000, 900 tons, the institute said.
Evening star., 1941-10-26
MeGiII Staple Index
Higher During Week
Special Dispatch to The Star.

Special Dispatch to The Star.
AUBURNDALE. Mass, Oct. 25-
After declining almost without in
terruption from the September II
high, the commodity index compiled
by the McGill Commodity Service,
Inc, reversed its recent trend and
advanced over the previous weeks
level.
On October "a the index stood at
873, as compared with $40 week
earlier, and ISL at the beginning
Of the year.
Both the industrial and agricul-
tural divisions of the index were
higher during the week, but the
third major group-livestock-re-
manned moderately under pressure.
Evening star., 1941-10-26
Lumber Output Dips
From Previous Week
Rv the Associated Press.

by tlc hSSOClhtcu rItss'
The National Lumber Manufactur-
ers' Association reported that lumber
production for the week ended Oc-
tober 18 stood at 1l9 per cent Of the
average of the corresponding week
1858 and shipments 125 per cent.
Production totaled 267, ,080 900 feet,
which was per cent less than the
previous week and per cent greater
than the corresponding week year
ago.
Shipments aggregated 271 ,904 900
feet, which was l per cent less than
the previous week and per cent
greater than last years correspond
ing week.
Evening star., 1941-10-26
By the Associated Press.

NEW YORK, Oct. 25-Electric
furnace and alloy steels have been
largely responsible for the improved
performance of modern weapons, the
American Iron and Steel Institute
estimated today.
Increased electric furnace capac.
ity and intensive programs of re-
search to develop and find new uses
for alloy steels have made possible
the speedier. higher-fying planes
and the faster. more powerful tanks
and warships, the institute said.
The institute estimated the total
output Of electric furnace steels dur.
ing 1941 probably would estabiish .
Evening star., 1941-10-26
Good Demand Reported
For Domestic Woods
BY the Associated Press.

BY the Associated Press.
BOSTON, Oct. IS Omitted States
Department of Agriculture) There
was a good demand for domestic
wool ins Boston during the past
week, especially for fine and half
blood territory woods. Graded bright
fleece woods were also in demand at
mostly 42-45 cents. in the grease,
for fine combing delaine, at 44-46
cents for half blood coming woods,
and at 49.5l, in the grease. for three
eighths and quarter blood combing
woods.
Evening star., 1941-10-26
Reading Co. Reports
Increased Earnings
By the Associated Press.

PHILADELPHIA, Oct. 25.-The
Reading Co. reported net railway
operating income of $12,422,018 for
the first nine months of 1941, an in
crease of $3,029,077 over the same
period last year Net railway oper-
ating income for September was
$1,729,099, an increase of $469,21
over the corresponding month in
1910.
Evening star., 1941-10-26
Cotton Is Depressed
By Treasury Curb
On Frozen Funds
Futures Sag 30 Cents
To S1.05 q Bale in
Active Selling
BY the Associated Press.


NEW YORK, Oct. 25.-Cotton fu-
lures lost 80 cents to $l05 a bale
today under the pressure of active
commission house liquidation after
Treasury announcement that the use
of frozen foreign funds for COM
modify trading would be restricted.
Another factor depressing prices
was a report that President Roose-
welt would oppose the farm bloc's
idea of crop loans at 100 per cent of
parity.
Port receipts Friday 28,57o bales;
port stocks 3,329.855.
Range follows.
Evening star., 1941-10-26
Japanese Situation
And Record Stocks
Disturb Grains
Ban on Frozen Funds
Also Foctor in Price
Drop at Chicago
By GILES FINDLEY.
Press Market Writer.

CHICAGO, Oct. 25.-Disturbed by
belated recognition Of the serious
import of Secretary of the Navy
Knox report on the japanese sit
uation yesterday, grain prices re-
treated today.
Also adding to the gloomy view OF
grain traders was word from Wash
ington that the Treasury ha6s is
sued an amendment banning the
use of frozen funds for the buying
and selling Of commodities, and a
report from the Department of Agri-
culture saying that record stock
of wheat was in store in elevators.
warehouses and on farms.
Prices declined from the start, but
reacted somewhat toward the end
and wheat closed 1-1a4 cents a
bushel below yesterdays close, De-
cember 1.15as-1a. May 1.20-l -20L
Corn hk-34 down, December 75a4
May 81s4 -ss. oats unchanged to "a
of, soybeans 47s-5ls down, rye rs
pa off, and lard 1923 declined.
The Department of Agriculture
reported that as of October l, there
were TIC ,299 900 bushels Of wheat in
interior mills, warehouses. and on
farms, compared with 544.935 900
bushels a year ago and the 1934-39
average OF 434 ,507 900 bushels. How
ever, some sources believed that a
considerable portion of this wheat
Is in loan or under Government con-
troll and thus was not likely to Gre
ate any actual pressure on the
market.
There were also rumors that the
President looked with disfavor on
the 100 per cent Of parity loan bill,
approved by the House Agricultural
Committee and the source Of one
of this weeks inspired grain price
rallies. The same reports, however
said the President might agree to
the ITO per cent of parity price cell
ing for farm commodities which was
recommended by Secretary of Agri-
culture Wickard.
Grain range at principal markets
today:
Evening star., 1941-10-26
Curb to Train Crew
For Air Raid Work
By the Associated Press,

BY the Associated PreSs.
NEW YORK, Oct 25.-The New
York Curb announced today that
training of 30-man crew In emerg-
ency repair work and fire protec-
ton in case of air raids would be-
gin next week.
Care of the building during and
after an air attack will be under
supervision of a building warden"
the exchange said in a bulletin.
They will repair damage to build
ing or equipment 50 as to keep the
place In running order"
Evening star., 1941-10-26

of the United
States" Bruce
Baird, president
of the National
Savings g. Trust
Co., asserts in a
report just sub
mitted to the
District Bank
ers Association,
as chairman of
the Committee
on Trade ActlV-
tiles.
Mr.. B a / r d
points to the
highlights in
business cOndi-
Evening star., 1941-10-26
Dividend Is Ordered

CLEVELAND, Oct. Is (P.-Otis
Steel Co. has declared a dividend
Of $2.75 on convertible first pre-
ferred stock, payable December IS
to stockholders of record Decem-
Der !. This represents quarterly
dividends which accrued March Is
and June IS, 1910.
Evening star., 1941-10-26
Car FinuncinQ Laos

Retail financing Of new automo-
biles in September was 4S9 per cent
under August and 29.5 per cent un-
der September of last year, &C.
cording to the Commerce Depart
ment.
Evening star., 1941-10-26
Capital Called
Leading Boom
Town in j. ).
g.
Baird Points to Big
Gains in Report to
Bank Association
By EDWARD c. STONE.

Due to the fact that Washington
Is the focal point of the whole ma
tional defense effort, the Capital is
now 1.-The Number One boom town
Evening star., 1941-10-26

Cash wheat was al cent lower today:
5000 bushels Corn unchanged to a cent
lower; basis firm: receipts 1872 cars: ship
ping sales 1000 bushels; bookings. 81 900
basis Arm receipts. 90 cars: shipping sales.
Is. 900 bushels.
Evening star., 1941-10-26
New Orleans Prices

futures declined here today after Wash
inston reports that President Roosevelt
was expected TO veto the 100 per cent OF
parity measure If Congress approved it
The market closed steady. 13 to 16 points
Evening star., 1941-10-26

Cottonseed oil futures lost 30 to 81
points today in liquidation blamed in part
on the Treasury ruling that was in
te-preted as barring frozen foreign funds
76 contracts. March closed 1854; May.
1855. Crude oil was quoted nominally at
1lss cents q pound in the Southeast and
valley, with bids in Texas at liz cents.
Evening star., 1941-10-26
Cottonseed Oil.

Spot nominal; middlina, 1905.
Evening star., 1941-07-13
Drawing Decides
Paving Program
In Edmonston

The Edmonston Md Town
Council will leave it to a 10-year-
old boy to determine the town S
street. paving program for the COM
ing year.
Tomorrow evening, when the
Council meets at the Edmonston
School. Buddy Brown, son of Mr..
and Mrs. Cliff Brown, 1903 Wells
avenue. will be blindfolded and
reach into a hat containing names
of 20 streets in the town which
need repair.
The street drawn by the youth
will be paved.
This procedure was decided on
because the town treasury has only
enough money 20 pave one street
this year. according to Mayor Glib
son L. Moore, who was elected in
May after a campaign promise to
pave one street annually.
Mr.. Moore said John A. Downing,
town treasurer, felt. after talking
with some of the taxpayers, that the
lottery would be the fairest means
of determining which street should
be paved first.
The Council meeting will be open
to all citizens of Edmonston.
Evening star., 1941-07-13
Contract for 1000 Miles
Of Pipeline Awarded
BY the Associated Press.

BY the Associated Press.
ATLANTA, July 12.-Contracts for
construction of an 800-mile main
gasoline pipeline from Baton Rouge,
La. to Greensboro, N. c., and 200
miles of lateral lines from Bremen,
Ga. to Chattanooga and Knoxville
were awarded bv the board of di-
rectors of the Plantation Pipe Line
Co. here today.
-Four separate contract awards to-
falling S3500,000 were made. and the
directors in statement said the
schedule calls for construction to
start on or about August /. with
completion of the main line set for
December 81.
Definite points of actual construc-
ton have not been determined, &C
cording to the statement. and loca-
ton of terminal and pumping sta
ton sites will be announced later.
Directors attending today's meet
ing were w. E. Smith, president of
Standard Oil Co. of Kentucky
Louisville; N. J. McGaw, vice preSi-
dent of the Shell Oil Co, New York
w. r. Finney, president of the Okla
homa Pipe Line Co, New York. and
G. R. YountS, president OF the Plan
tation Pipe Line Co.
The directors said steel mills are
IN the process of rolling pipe for the
main line and shipments will start
July d.