davidaulloa/AmericanStories huggingface dataset:
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1941-09-05
ST. THOMAS NOTES

Father Hogarth's sermon last
Sunday was the story of St. Mat
thew, who was despised of his own
people, but who was the recipient
of the Astounding love and kindness
of our Saviour, Jesus Christ. Gods
belief was that only the perfect
have no need of Christ, but those
who. sin are the ones who really
need his everlasting love, under
standing and forgiveness. AS an
Illustration, what need has a well
man for a physician? We are left
facing the self-answering ques-
tons: Who of US are without sir? ?
Who of US can say we are perfect?
Flowers identifying the altar
last Sunday were offered as a me-
mortal to Miss Regina johnson by
her mother and father, Mr.. and
Mrs. Andrew Johnson. Every
one was overjoyed to have Mr..
Arthur White up and about and
able to be with US once again. +.
At a meeting following church
services, the choir met and chose
7:30 Thursday evenings as the time
for choir rehearsals.
Allen A. M. E. Church: The
fourth and last quarterly meeting
for the year was held on Sunday,
August 81. Presiding Elder Stovall
was able to be up and out again.
Brother G. Cook, of St. James
A. M. E. Church, Minneapolis,
preached the communion sermon on
the subject, "Our Faithful and Be-
loved" Rev. H. Reddick, of Way
man Church, was present with his
congregation.
REV. C. F. COLEMAN,
Reporter.
Zion Baptist Church Notes: Sun
day was Missionary Day at the
church, Mrs. D. L. Rodgers, chair
man of the Program Committee,
is to be commended for the worth
while program, instructive and in
teresting. At the II o'clock serv-
ice Rev. Bolts, pastor, presented
very timely discourse in which he
informed US that the admonition to
go and to do was not for some one
else but for each of US.
At the evening service the duty
and the opportunity of the Negro
woman in the upbuilding of our
race was briefly mentioned. Mrs.
Mamie Burrell, president of the
Women's Home and Foreign Mis-
sion and Educational Auxiliary of
the Minnesota Baptist Association,
gave brief address on works to
be accomplished in this state.
Evening star., 1941-02-23
Your u. S.
Income Tax
Prepared By Bureau OF
Internal ReUenue,
Treasury Dept.
DEDUCTION FOR TAX ON
MOTOR GAS.

If an automobile is used for both
business and pleasure. those main
tenance and operating expenses
which constitute allowable deduc-
tionS for Federal incometax pur-
poses should be allocated to the two
uses on the basis of the time the
car is used for each. For example,
if the total expense of operation and
maintenance, plus depreciation, for
the taxable year amounted to $500,
and the car was used three-fourths
of the time for business and the
balance of the time for pleasure, the
allowable deduction, for Federal in
come-tax purposes, would be $500.
In general. taxes are deductibls
only by the person upon whom they
are paid. If law imposing the tax
on the consumer and not on the
dealer, the consumer may deduct as
a tax, for Federal income-tax pur-
poses. the amount of the gasoline
tax paid by him: but the taxpayer
must have kept records Of the pay
ment of such taxes in order that the
deduction may be substantiated as is
required by the regulations. The
Federal gasoline tax is not deductible
by the consumer. The taxpayer may
ascertain whether a State gasoline
tax is deductible by the consumer
or by the dealer by addressing an
INQUIRY to the collector of internal
revenue for his district.
In any case where the gasoline
purchased is used for business pur-
poses. the tax may be regarded as a
part of the cost of the gasoline and
deducted as business expense; but
in such case the gasoline tax cannot
be deducted separately as a tax
under the item of taxes.
Evening star., 1941-02-23
Economists Expect
Living Standards
To Improve
Wages to Be Larger,
Costs Not Likely to
Eat Up Goins
BY the Associated Press.

Dy IlIt nSoONAdtCO lCoos
NEW YORK, Feb. 22.-The aver
age American will beSpetter fed, bet
ter clothed and better housed In l941
than he was in 1910.
That's the conclusion of most
economists who have studied the
probable effects of the national de-
fense program on the average Amer
ican family.
Pay checks will be bigger. Living
costs will be HIGHER but not enough
to use up the increase in earnings,
they say.
If their predictions come true. the
United States will have raised its
standard of living while increasing
it's production of ornaments. a feat
unknown in Europe.
Abroad, the building of war ma
chimes has been accompanied by
steady deterioration of living con-
ditions.
For 1912, however, few economists
care to venture prediction.
War Could Bring Shift.
If the United States should be at
war in that year, economists say it
is quite possible that the feverish
pace of defense efforts would draw
men from farms and peacetime fac
tories to armament production. The
call to arms would take a larger
number of men into the. Army than
the present peacetime conscription.
Under these circumstances, it is
quite possible that the standard
of living would decline, economists
point out. Workers would find the
buying power of earnings cut by
taxes and rising prices.
For 1941. however, although some
labor leaders think the working man
already is losing ground. most econ
omists say America will have its
cake and eat it too. They say our
surpluseS of men, materials. ma
chimes and most raw materials will
enable us to handle the defense pro-
gram without curtailing production
of most of the items which go into
the average mans budget.
The majority of estimates by
economists indicate the average
family will pay about $1O5 for the
portion of food, clothing, shelter
and sundries which cost 81 in 1910.
But the national income is ex-
(See ECONOMICS, Page ED
Evening star., 1941-02-23
Comment,

BALTIMORE branches continue to expand; de-
consecutive higher
number
immediate requirements Industrial activity
continued the recently accelerated There good demand
for housing
CHICAGO-Reta trade good squirt
cold Wholesale distribution continued active above the
steel SO
capacity because of the necessity for making repairs
CLEVELAND industry held good levels during the
week Department the latest period 10
sharply The
about 8 points above 1940 Building volume about three times
large the
DETROIT-Real eveed while
% Housefunhings
little
cent last Automobile output week
units against 125 900 a
KANSAS CITY-Retai reported per
last week and approximately 10 above Wholesale
continued the the
particularly in steel clay products and lumber lines.
LOUISVILLE store sales held increase
cent the previous
piances IS reported
output up Is cent with Large of the production
nent lhere large influx OF labor for munitions plants.
PITTSBURGH February
week but volume failed the expectations merchants
retail volume whole rather poy distribution
while spring
per capacity.
ST LOUIs-Depamnt per cent below
the level of the previous week continued
cent the similar
the popular price Production high in cleo
trlcal equipment steel tool and die chemical
YOUNGSTOWN-The in al further
extended this week and sales remained well year ago Whole
sale volume steady the fair The steel rate
dropped affecting
ABOUT 2OOO workers but operations were resumed nearcapac
after settlement
Evening star., 1941-02-23
Toronto Stocks Decline.

TORONTO, Feb. % LP.-In a
dribble of trading that resulted in
turnover of only 71O00 shares. the
smallest since September %. stocks
weakened narrowly on the Toronto
exchange today
Gold and base metal groups were
lower on the average and western
oil Jagged.
The holiday for markets in the
United States evidently was a factor
in cutting down demand.
Rogers Majestic was active. In
early trades the price dipped 9s to
AZ, but closed with a net gain of
Is at 5.
Industrials finished about even
with Fridays final prices. Senior
oils, foods and steels balanced
losses with gains. Papers and banks
were steady and utilities bit lower
Bell Telephone was off p to 156
and Shawinigan and Union Gas
weakened Il Fanny Farmer lost p
to 243i and Laura Secord had
IA point decline. Canada Mailing
lost a point. Langleys and Gatineau
Power improved point or more.
Base metal issues moved quietly,
with seniors unchanged but for a
gain of Il for international Nickel
and a loss of 5 cents for Walkers.
Royalite was down q point to 17l2.
See STOCKS, Page E-3)
Evening star., 1941-02-23
Campbell. Wyant
Meat Packing Decreases
After Reaching Peak
B, the Associated Press.

L
CHICAGO, Feb. 2-Meat-pack-
ing operations, geared to the eX-
panding requirements of the Ma
tons armed forces, recently reached
peak for the past several years,
trade statistics showed today, but
since have receded.
Although packers in various sec
tions of the country have been
called upon to fill increasing Army
requirements for meat, with pros
poets of even greater business. their
volume has turned downward since
the beginning of the year in pro-
portion to decrease hog marketings.
This slump in hog receipts, a re-
suit Of decreased pig production
last year, is particularly significant
in the packing trade since process
ing of pork requires more work than
preparation of other types of meat.
The industrys pay roll and en-
ployment indices rose to peak levels
in December. The Bureau of La
Dor statistics index of employment
was 1851, with employment in the
period from 1928 to 1925 equal to
100, This compared with 1121 in
December, 1889, and 84.3 in Decem-
ber. 1885. The industry's pay roll
index rose to 1872. compared with
1915 year ago.
However, since a large portiC~
of the hogs intended for delivery
early in 1941 were liquidated dur
ing the last quarter of 1910, slaugh-
ter dropped off sharply in January.
The nationally inspected slaughter
for the month was onlv 4.517.0o0
head, compared with 6,063 900 in De-
cember and 5,356,o00 in January last
year.
Evening star., 1941-02-23
PURCHASING Association Warns
Material Shortages Ahead

items that are readily available at
this time but which may later be
absorbed in Government orders to
a large extent. . The time is
not far distant when changes in
various manufacturing operations
will be essential unless substitutes
are found for the production OF
goods for other than governmental
defense orders.
Buying policy recommendations
tend toward liberal coverage of ma
terials in practically all lines Of
trade.
There is little evidence that COM
modify prices will be any lower for
several months to come and there
is every indication that industrial
activity will continue at high rate
of production and distribution at
least through next year.
"As a consequence everything is
to be gained by anticipating re-
quirements three, six. and even nine
months ahead in order that ma
terials may be kept moving and in
ventories increased on an orderly
basis
Evening star., 1941-02-23
Increased Taxes
Reduced 1910
Nets Sharply
B, the Associated Press.

By the Associated Press.
NEW YORK, Feb. 22.-Federal
tax boosts to help pay defense costs
took a big slice out of 1910 corporate
profits, the National Industrial Con-
ference Board said today.
The board, a private research Or
ganization supported chiefly by cor
porations, reported 120 industrial
companies showed an increase of
81 per cent in profits compared with
1899 before deduction of taxes.
After allowing for taxes, includ-
ing the excess profits levy enacted
by Congress last year, the profit
gain was reduced to IA per cent, the
board figured.
Federal income and excess profits
taxes of the 100 concerns. the sur
vey disclosed, were up 141 per cent
compared with 1889. Business i'm
provement as we'll as higher tax
rates swelled payments due Uncle
Sam.
Evening star., 1941-02-23
Speculative FIare-up
In Chinese Dollars
Ends in Week
Hong Kong and Shanghai
Units Drop in Terms
Of U. S. Currency
B, the Associated Press.

- ~ E1ooONldACO ICoS
NEW YORK. Feb. 22.-The Janu-
ary-February speculative flare-up in
the dollars of Hong Kong and
Shanghai fzzled out this week and
both currencieS started to decline in
terms of the United States dollar.
Times of international stress usu-
ally breed speculation. whether in
foods, moneys or raw materials. The
foreign exchange market appeared
to be winding up its latest gamble
as United States relations with
Japan became severely strained
Money dealers said the recent fast
rise in the Far Eastern currencieS.
which lifted both to top prices for
l94l, resulted primarily from sales
OF United States dollars to purchase
the Oriental units. A sizable short
interest had been built up previously
in the Far Eastern units on the the
ory decline was imminent.
Scared by the rift between the
United States and Japan, and by
the long-rumored possibility the
United States might freeze all for
eign holdings of capital, the Oriental
traders decided to buy back the cur
rencies they had sold short. The
result was lively price advance.
With this artificial prop removed
from the market, banking quarters
said. quotations slipped.
The Hong Kong currency closed at
24.48 United States cents, down lilo
cent on the week, but Shanghai was
still .01 of a cent higher at SIT cents.
The Canadian dollars displayed
more stamina and advanced rs
cents to 847S cents. Free sterling
dipped a to S403
The free Argentine peso gained
lilo cent at 2375 cents.
Evening star., 1941-02-23
Sale Of Valley Branch
Considered by B. & @.
BY the Associated Press.

BY the Associated Press.
BALTIMORE. Feb. pa spokes-
man for the Baltimore & Ohio Rail-
road said yesterday negotiations
were under way for the sale Of the
Valley Branch section of the road
in Virginia, but added they have
not progressed far, and nothing
definite has been done"
Prospective purchaser of the Sec
ton, 618 miles in length and run
ming from Harrisonburg to Lexing-
ton, is D. w. Thomas of the Chesa-
peake & Western Railway.
The Valley Branch line has been
operated by the Baltimore & Ohio
for many years, the spokesman said,
and runs, in all, more than ITO
miles.
The northern section extends from
Harper's Ferry, w. Va, to Stras-
burg Junction. From the latter
point to Harrisonburg, the operation
is by the Southern Railway.
Evening star., 1941-02-23
Exchange MAY Take
Real Estute Loss
Rv the Associated Press.

BY tne Associated PRESS.
NEW YORK, Feb. 22.-The New
York Stock Exchange NAV take
S1.800000 loss through sale of real
estate property bought in 1888 for
an expansion that never came, it
was learned today.
Financial quarters heard the ex-
change was dickering with the Pub
lie National Bank & Trust Co. for
sale of building at 80 Broad street
for around S400,000. The exchange
paid S2200,000.
For almost eight years the build
ing has been run at an annual loss
of around $4,000 Operating losses
on unneeded exchange property have
ranged between 100000 and $780,
900 annually in recent years, it was
calculated.
Evening star., 1941-02-23
BY the Associated Press.

BY the Associated Press.
NEW YORK. Feb. 22-The Ma
tiOnal Association of Purchasing
Agents said today that developing
shortages in some raw materials
and processing equipment would
play havoc with the production OF
numerous commercial items OF
manufacture" as the supply is re-
served for defense needs.
The association said delivery prob
lens have been created by "strin-
gent" supply in numerous steel
items, many brass products, alumni
mum, cobalt, nickel, zinc, copper,
machine tools and various alloys.
Commercial production will be
disturbed, the agents said, as these
materials are diverted more and
more to national defense. Inven-
tories increased in January, the
association added, despite difficulty
of obtaining certain supplies and
the high rate of industrial consump-
ton.
LAS the tension increases, said
the association, greater efforts are
being made to lay in supplies Of
Evening star., 1941-02-23
Wheat Prices Reflect
War Uncertainties
And Surp|uses
Domestic Market OFF
Eight Per Cent Since
First of Year
BY FRANKLIN MULLN,
AssocLated Pres Market Writer

Associated Press Market Writer.
CHICAGO, Feb. 22.-The domestic
wheat market, best remaining baro-
meter Of world bread cereal values,
has registered since the start of the
year a price depreciation of about 8
per cent, decline which grain men
said today reflected international
anxiety concerning military activity
and piling up of grain surpluses.
Prices in the few other world
wheat markets still open have shown
little change during that period.
Although the United States wheat
price is not regarded as truly repre-
sentative of world values, due to the
effect of the farm program in main
tanning it above levels in other
countries, it is the only price in
major export nations not supported
by outright establishment of mini
mum levels.
Affected by Loan Plan.
The domestic price is subject to
influences eXerted by holding of
about 43 per cent of the current
supply off the market at fixed loan
rates. What it would be were it not
for this prop and Government sub
sides permitting export of limited
quantities and the tariff prohibiting
imports, no dealer knows.
The Canadian Wheat Boards
minimum price for cash wheat has
been around 73 cents while mini
NUNS for futures at Winnipeg are
1878 for May delivery and 7712 for
July. In Argentina a minimum of
54l2 cents prevails while the guaran-
teed price in Australia is SOL.
While the Chicago price has de-
clined from about 81 cents for May
delivery to around 81 cents the past
eight weeks. Winnipeg and Argen-
tine prices have held practically
unchanged at slightly above mini
mum levels. Chicago wheat rallied
this week three cents from the
lowest levels since last September.
May was quoted as low as 78 cents
on Monday but improved mill de-
mand and a few less optimistic crop
reports inspired a recovery. Wheat
futures contracts on which new
grain to be harvested in June and
July can be delivered were as low
as 73 cents, but closed near rs yes
terday. These prices were almost
80 cents lower than year ago.
New Events Feared.
Grain men, who remember the
price collapse last May when the
European war took an unforeseen
turn that had not been discounted
in advance by the market, said
trading enthusiasm has been chilled
by fear that new unpredictable
events" are near Whether these
"events" have been discounted or
over-discounted by the recent price
decline none could say. Last May
wheat fell from s109 to rs cents in
week, the drop being checked
partly by establishment of tenn
porary minimum prices at around
(See WHEAT. Page E-3)'
Evening star., 1941-02-23
Insurance Shares Go
Up SIiohtIv in Week
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, Feb. 22.-Insurance
stocks in the New York City market
registered moderate advances dur
ing the last week, according to
figures compiled by Holt, Rose &
Troster.
The aggregate market value of
20 leading fire and casualty insur-
ance issues at the close on Friday,
February 81, was s605, ,787 900 COM
pared with S595 1862, 900 at the close
of the previous week, an increase Of
SO ,824 900, or 165 per cent.
The current average yield of the
20 issues is 3.94 per cent, COM
pared with yield of 4.01 per cent
on February IA. The current market
value equals 100 per cent of the
reported liquidating value, against
SO per cent at the close of the
previous week.
Evening star., 1941-02-23
Dividends Are Voted
By Alabama Power
By the Associated Press

I
BIRMINGHAM. Ala, Feb. o.
The Board of Directors Of Alabama
Power Co. today declared the quar-
terly dividends on it's Sc and ST pre-
ferred stock, payable April l, to
stockholders of record March IA,
1941.
On IS preferred stock the dividend
was declared payable May l to
stockholders Of record April 18,
1941. The dividends will aggregate
approximately $555 900.
Evening star., 1941-02-23
Stocks Register
Mild Recovery
Late in Week
improvement Largely
Technical Due to
Small Volume
BY PAUL ID. GESNER,
Associated Press Financial Writer.


NEW YORK, Feb. 22-The stock
market, after scraping the lowest
levels since last June, staged a mild
recovery in the final two trading
days of this week.
The late upturn, however, was
far from impressive. for volume of
transactions indicated the improve
ment was largely technical" Busi-
ness in the weeks closing session
Friday aggregated only 296, $50
shares. Traders said that failure
of advancing quotations to attract
buying following helped sustain
opinion that shares had advanced
principally because values were so
low before the tWo-day rally began.
Mark-ups of 81 to SO were fire.
quent among trading favorites on
Thursday, the initial day Of the up
turn. Strength of the recovery was
far less potent Friday. when gains
generally were no greater than
fractions.
The steady flow of headline war
news from abroad. with Germany
reported pivoted for new armed
thrusts toward the Balkans, toward
Greece, toward Spain or toward
England, proved a market unsettling
factor
Average Up Slightly.
The Associated Press average of
90 representative stocks Friday night
stood at S4070, contraSted with
S3980 a week earlier, a rise of 90
cents. The $3.50 figure, by the
way, is the low for the average for
1941.
A month back the measure was
S43 10, and year ago $50. The 194l
high for the index is S45. The 1910
high was 1920 touched January 3
OF that year, and the 1910 low S37
recorded June 10 when values had
been depressed by the fall of France
Monday of this week there was a
slight stiffening in stock values.
with dealings sggregating 356. .72O
shares. Declines on Tuesday and
Wednesday. with transactions 32O.-
O5O and 465 ,43O, respectively. more
than Cancelled out the Monday
gains. Thursday with dealings
45l $50 shares. values recovered
sharply. FRIDAY further small gains.
with 6l8 issues traded. resulted in
253 stocks advancing. 174 declining.
and 19l holding unchanged.
Continue to Rise.
Still possessing a little recovery
fire Friday were Republic Steel.
Youngstown Sheet g. Tube. Good
year. U. S. Rubber. Montgomery
Ward, Sears Roebuck. International
Harvester, Caterpillar. Boeing Air
plane, Douglas. United Aircraft.
Glenn L. Martin. Air Reduction,
American Can. Westinghouse, Gen.
eral Electric, Dupont, Union Car
bide, Allied Chemical. Eastman
Kodak. American Telephone. South
ern Pacific. Kennecott and Cerro de
Pasco.
Sales cloSIro miro and nat cbapoo of
Evening star., 1941-02-23
Dividend Is Ordered
By Glen Alden Coal
q, the Associated Press.

By The AssoClated Press.
SCRANTON, Pa, Feb. 22.-Direc-
tors of the Glen Alden Coal Co.
declared a dividend of Is cents a
share today.
The dividend is payable March 20
to stockholders of record at the
close of business February %. The
dividend is double that declared on
April 20 last year for the first
quarter Of 1910.
Evening star., 1941-02-23
Weirton Will Spend
$4,000, 900 on Plant

By the Associated Press.
PITTSBURGH, Feb. %. - The
Weirton Steel Co. announced its
100000 improvement program at
its Weirton, w. Va, plant will get
under way March l and require
about 10 months to complete.
A new S50-ton blast furnace and
q battery of As by-product coke
ovens will be built.
Evening star., 1941-02-23
Trade Reports at q Glance
BY the Associated Press

YORK 22Tabloid reported by Dun
Bradree the four divisions of wholesale and jobbng retail
Evening star., 1941-02-23
Profit Of S4,3O6,489
Reported for 1910
By Glenn Martin
Equals 1892 q Share;
Years Sales Reach
S30,6e3, ,337 Mark
BY the Associated Press.

BY the ASSOCIATED Press.
BALTIMORE. Feb. 22.-The Glenn
l. Martin Aircraft Co. had net sales
of $50 ,663 ,3371O in the calendar
year 1910 and a consolidated net
profit of s4306 1880 after all
charges.
This, said President Glenn l..
Martin in a report made public fol-
lowing the regular monthly meeting
of the directors. was equal to 1892
per share on stock outstanding as of
December 81, 1910.
Martin said the company had firm
orders totaling approximately $780,
100000 and other orders letters
and letters of intention which, when
finally contracted for. would bring
the total backlog to approximately
S482 600 600
Evening star., 1941-02-23
Electric Storage Battery.

NEW YORK. Feb % LP)-EleCtric
Storage Battery Co. today reported
1910 consolidated earnings of S2,167.-
SCI after Federal income taxes and
other charges, equal to s239 a share
on combined preferred and common
stocks, compared with Sl,820,661. or
81 a share, in 1889
Campbell. Wyant
Campbell, Wyant e. Cannon
Foundry Co, showed net profit for
1910 of S589.220, equal to Sl69 a
capital share. against s321.379. or
90 cents a share, in 1899. It's plants
are in Michigan.