davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-02-06
Du Pont Estimates
Taxes al More Than
Million a Week
s5e,70o,o0o TotoI
Will Be Given in
Annual Report
By the Associated Press.


WILMINGTON, Del, Feb. &c. I.
Du Pont De Nemours & Co. will say
in its forthcoming annual report
that in 1910 the company's total bill
for direct taxes was approximately
$50, 100000, at the rate of more
than a million dollars a week.
THE only operating cost items
of greater magnitude were wages
and salaries, about S94,800.000, and
raw materials, about S88,000,000,"
the report will say.
"Of the total direct taxes of S56,-
100000, about $50,20O0O0 were pay
able to the Federal Government.
This compares with S16,000,000 for
1899, an increase of more than 200
per cent. The Federal tax on 1910
earnings was more than double the
amount it would have been if the
tax law had remained in effect"
An accompanying chart showed
that taxes paid by the company
since 1925, as per cent of earnings
available for dividends, increased
from 48 in 1927 to 65.2 in 1910.
Even those figures, the report will
say, substantially understate the
company's total tax burden: First,
because they include no allowance
for taxes not directly assessed
against the company yet indirectly
paid by it as part of the cost of
doing business, and, second, because
they exclude all taxes paid by SUBJ
sidiaries not wholly owned, and also
the taxes paid by General Motors
Corp. attributable to your company'S
ownership of approximately % per
cent of the common stock of that
company"
Evening star., 1941-02-06
Bond Averages
10 LoW-Yield Bonds.

Rv the Associated Press.
NEW YORK, Feb. 6.-Railroad
bonds continued to attract moderate
inquiry in today's market, although
there was some letup from the
broad demand of Wednesday.
Going into the final hour advances
of small fractions to around point
were added to selected issues in the
rail, utility and industrial groups,
while broad segment of the market
was content to hold within small
fractions either way of previous
levels.
Among the rails moving higher
were New York Central As, Southern
Railway SIS, Great Northern As and
Illinois Central 4s4s.
Consolidated Edison 31as of 1948
and Commonwealth Edison convert
ible 3l2s of 1858 added fractions in
the utilities sector and slightly i'm
proved among industrials were Fire
stone Tire 312S.
Irish Free State SIS of 1860 ad-
vanced 2la in the foreign dollar de-
partment on sale of one bond
Somewhat higher on slow trading
were Buenos Aires ASS of 1877 and
Australia 412s of 1856.
United States Government issues
were backward, with losses outnum-
cering gains.
Evening star., 1941-02-06
Bituminous Output
Gains During Week

The National Coal Association,
from incomplete car loading reports
from the railroads, estimates btu
ninouS coal production in the United
States for the week ended February
l as approximately 10,150,0O0 net
tons. Production for the correspond
ing week: 1910, 1O.19OOO0 tons; 1899,
6220,000 tons. Percentage Of de-
crease under 1910, O.4 per cent; in
crease over 1899. 23.5 per cent.
The report of the Bituminous Coal
Division of the Department of the
interior shows production of 1855 900
tons for the week ended January 18.
and 1896, 900 for the week ended
January 25.
Production this year, through Feb
ruary l, 44,926,000 tons (subject to
revision; corresponding period 1910,
49,375,000 tons; decrease 9 per cent.
Evening star., 1941-02-06
Aviation Corp. Registers
1,445,555 New Shares
BY the Associated Press.

BY the Associated Press.
The Aviation Corp, New York,
filed with the Securities Commis-
sion today a registration statement
covering LAS, ,555 shares of capital
stock, SO par value.
The stock will be offered first to
present stockholders of the company
on the basis of one share for each
three shares presently held. Under
this offer, Aviation e. TranSporta-
ton Corp. the parent company, will
be entitled to purchase 429, ,595
shares. Shares not taken by stock
holders will be offered publicly.
Emanuel & Co. and Lehman Bros,
both of New York, will be the prin-
cipal underwriters for the stock
sold publicly.
The plan for selling the stock was
made public some weeks ago in
connection with a program under
which Aviation & Transportation
Corp. will be dissolved after trans
ferring its assets to the Aviation
Corp.
Evening star., 1941-02-06
Competitive Bidding
Held Successful
On Rail Issues
Truman Says Many
Abuses Wiped Out
By New System
BY the Associated Press.

BY tle Associated fleoS.
Senator Truman, Democrat, OF
Missouri told the Securities Com
mission today that competitive bid
ding for equipment trust certificates
seems to have wiped out with one
stroke the many types of abuse
which cluster about the tradi-
tioRal type of underwriting arrange
mentS
Truman was the final witness at
a public conference called by the S.
&c. on a recommendation by its
public utility division staff that COM
petitive bids be required for new
public utility issues of more than
81 600, 900.
The Missouri Senator discussed
briefly information developed during
a protracted study of railroad f.
nancinig by a special Senate COM
mittee.
The significant thing about our
23-volume record he said, lis that,
while it is replete with instances
of financial abuses resulting from
continuing banker relationships, I
do not recall a single instance of
such abuses in the case of the tens
of millions of dollars of equipment
trust certificates issued under COM
petitive bidding"
Truman's argument was directed
principally at claims by opponents
of the staff recommendation that
competitive bidding would destroy
the present advantages of continuing
relations between issuers and in
veStment bankers.
Recounting an instance involving
the Missouri Pacific Railroad and
J. P. Morgan & Co., Truman said
it showed that If continuing banker
relationship has advantages over
competitive bidding. financial aid
in time of crisis is not one of
them"
The only other witness was Fred
N. Oliver of New York, counsel for
the National Association of Mutual
Savings Banks, who opposed the
recommendation on the ground that
it would work hardships on the
small institutional investor.
He said that under present cir
cumstances these small investors
were losing from so per cent to 10
per cent of their good utility
bonds" because of refunding, and
that it appeared likely that under
competitive bidding they would be
forced to pay "artificially higher
prices" in replacing such bonds in
their portfolios.
The Competitive Bidding Confer
ence originally was called as a one
day meeting on January q, but
so many witnesses appeared that
it ran for three days and then re-
sumed yesterday for another day
and a half.
Evening star., 1941-02-06
General Motors Corp.
Reports Profit Of
S4.32a Share
1e40 Result Compares
With $4.04 q Share
In Preceding Yeor
BY the Associated Press.

BY the Associated Press. M
NEW YORK, Feb. 6.-General
Motors Corp. today reported pre-
liminary net earnings for the COM
mon stock in 1910 equal to S4.32 a
common share, compared with $4.04
in 1939
The earnings of common and pre-
ferred were approximately $685.
100000 compared with sl83,290,222-
in 1899. &
Before deducting income and eX-
cess profits taxes earnings were
s92 100000 above comparable earn-
lngs in 1899. Increased provisionS
for normal income taxes and pro-ss
visions for excess profits tax in 1940's
absorbed s80300,000 of these in- :
creased earnings The total pro-
vision for these taxes was approxi- !.
mately S125, 100000 in 1910. ID
Columbia Broadcasting. -
Columbia Broadcasting System In /,
preliminary report for the year
ended December 28 showed net prc fit
Of approximately S4806,000. equal to
$3.50 share on the combined c a1s
"A" and "B' stocks. This compcr-d
with actual net profit of S5,00l ,5z9,
or 1898 share in 1899
Chicago Flexible Shaft.
Chicago Flexible Shaft Co., ey-
Guiding subsidiaries, reported for tie
year ended December % net prC1t
of Sl,498,931 equal to s233 q s'7a-,e !
of stock compared with S15C3 f7g,S
or $3.50 a share in the preceding
year.
United Gas.
United Gas Improvement Co,
public utility concern, reported for
the year ended December 81 r e.
liminary net income OF s26,391 5 q.
equal to 81 cents a share on t'ae
common stock, against s26635.7-9,
or 90 cents share ~ 1889 Thee.
figures covered the parent conpe <F
only. During 1910 the company r.
ceived from subsidiaries and CT.
companies s29142, TOP as diviC--
compared with s29, ,238 ,5e2 in l
Mohawk Carpet Mills.
Mohawk Carpet Mills, Inc. -
ported 1910 net earnings Of ST.
20453, or S2.91 per share after rF-
vlding 100000 reserve for incc-ss3
taxes. @s
This compared to 1,798. .567. SO. on
1929 per share and a s479 900 IT,;
reserve. in 1899. /
Sales last year tot2lod Size !
37766, approximately the samc 4
the previous year.
Evening star., 1941-02-06
(1926 average equals 100.
Miscellaneous Markets.

Additional New York markets, as COM
piled by the Associated Press:
COFFEE@Spot steady: Santos No. f.
S-S14 Rio No. Z, 5ss. Cost and freight
offerings included Santos Bourbon IS. and
5s at 7.S5-S.15.. Santos No. d, futures
closed s to II lower. Sales; 1880 bags
Rio No. Z "A futures lower. Sales, 500
RAW HIDESIFutures closed 5 hisher
March. is7ii; June, 1886; September,
12.26b; Spot. No. 1 Western light native
CRUDE RuBBER+Futures closed
81 contracts; new. Standard. 23. Old,
March; 1s. s4b; May; is; 70; NsS, July
RAW s1LK@Futures closed u lower
LEAD-Futures closed 3-4 lower. Sales
100000 pounds. March. 5.26b: July
ozIHNc-rutur.s 5-25 higher. Sales,
10000 pounds: July, s.s0b.
STRAITS TIN-Futures unchanged to
21a lower Sales, 11,200 pounds May,
cocoA-Futures closed 1912 higher;
sales, 1880 tens March. 5.16n: May
Wool ToPsEFutures closed 7 to 1.2
of a cent higher. March. 1265b May.
l20;0b: July. 1l4,4b; October. 11O6b.
Spot tops, 1868
Bid. n Nominal
Evening star., 1941-02-06
Exports of Factory
Machinery Increase
By the Associated Press.

By the Associated Press.
The Commerce Department says
exports of industrial machinery
reached new record of $3.50, ,798. .220
in 1910. The figure was SIS per cent
increase over 1889.
The biggest gain was in power
driven metal-working machinery,
the war boosting export demand
119 per cent to $246,5 ,516,285.
Evening star., 1941-02-06
New York Sugar

NEW YORK. Feb. 6 LP.-Increased &C.
tlylty IN raw sugars stimulated trade COW
ering in domestic futures today. Late
prices were a point higher with March al
2.01 and July. 211
World futures were UNCHANGED to I
point higher on short covering after an
early recession. May traded at .73 and
A price OF 294 cents was again paid by
refners for raws today after sizeable pur-
chaseS late yesterday
Refined was steady at 445 cents with
one reflner Withdrawing his offer of March
shipment at this level.
Futures No. 3 closed unbalanced. Sales.
Evening star., 1941-02-06
Boston Wool Market

BOSTON. Feb 6 Up Omitted States De-
partment of Agriculture Interest in the
Boston wool market was centered today on
ica. South Africa and Australia. Reports
Of difficulty in securing shipping space
for imports from South America caused a
wool and in woods soon to srriye Very
little interest was shown in domestic woods
exceptional occasional small iots urgently
needed to complete some order.
Evening star., 1941-02-06
Metal Market

NEW YORK, Feb 8 dP,.-Cop7er steady
electrolytic SPOT. Connecticut Valley. Il. .O0
export, f.a.S. New York, I0S7l2-12 90.
ward, 5O.25. Lead steady: spot New York
East st. Louis. SPOT and forward. 7.25
Quicksilver, 17000-172 90. rig iron
aluminium, antimony, platinum, Chinese
wolframite and domestic scheelite un-
changed.
Evening star., 1941-02-06
825 Tons of Lead Sold

NEW YORK, Feb. 6 (P).-St. JOS
eph Lead Co. reported $50 tons of
Southeast Missouri pig lead sold yes
terday at $3.50 per 100 pounds, New
York, and 375 tons at the New York
average No sales for East st. Louis,
quoting $5.35.
Evening star., 1941-02-06
Hudson Starts Work
On Aircraft Ports
Srecial Dispatch TO The Star

DETROIT, Mich. Feb. 6.-T'--
aircraft division of the Hud -
tor Car Co. is in operation g
production Of ailerons for or
large eastern airplane hui
under way, it was announced
by A. E. Barit, president.
The plant devoted to the pu,
Mr.. Barit said. is capable Of
scale production of wings and 2
rons as we'll as other airplare z
and is expected to assume an i'm
tant position in the aircraft, sc
of the national defense program
Evening star., 1941-02-06
New York Cotton
BY the Associated Press.

BY the Associated Press.
NEW YORK, Feb. 6.-Cotton
futures gained moderately today as
the trade covered in March de-
liveries and spot houses bought May
and July. New crop months were
more or less neglected. Late prices
were 3 to 6 points higher; March,
1887; October, 978.
Evening star., 1941-02-06
Price of Stock Seut
Remains at $28, 900
BY the associated Press.

by Lllt I-SSCCIdCtu FItSS.
NEW YORK, Feb. GA stock ex-
change membership sold today for
$4,000, the same as paid for one yes
terday, which represented gain of
$1,000 over the previous transaction,
the lowest in 43 years.
Evening star., 1941-02-06
Chicago Cash Market.

ss SH No. sss4 WsS' No mixed MI Ss5a Ss5a Corn Corn
No l yellow. old, 56i4; No. 3 yellow, 62-
64l4; No. 4 59A-62l4; No ). 56l2 -59l2;
No. ) white. 62ia; sample erade. 47-577s.
Soy beans. No. = yellow. 96l2-97: No g,
%; No 4. 90; sample grade -eliow. s5.
Oats. sample grade mixed, 81 No. white.
3S24; No | white. heavy. 3S34: No =,
3sl2; No. . white, extra heavy. 3s54: No
4 white 36l2. Barley, No. 3, so; sample
grade, tough. 81: No. l mating So; No.
seed, per hundredweight, nominal: red
clover, 00-10.00: sweet clover, 3.50-4 90;
timothy. 400; alsike. 9.50-12.00 fancy
red top. 750-S.00.
Evening star., 1941-02-06
Chicago Grain
By the Associated Press.


CHICAGO, Feb. 6.-Wheat price
gains of almost cent a bushel at
one stage today faded rapidly after
completion of buying, attributed
principally to mills and dealers COW
ering previous short" sales. Clos
ing prices were very little changed
compared with yesterday.
Pit brokers said some of the buy
ing may have been associated with
Army flour buying, reports of ORR
entail activity in the export market,
and trade Interpretation that wheat
and other agricultural commodities
may be included under terms OF the
pending British aid bill.
Wheat closed unchanged to IA
lower compared with yesterday;
May, 82sq-l4; July, 765s-12; corn,
l4-as down. May, 615s-a4; July,
6l5s' oats UNCHANGED to 10 lower.
Evening star., 1941-02-06
AtIos Powder Orders
Dividend of IS Cents
BY the Associated Press.

BY the Associated Press,
WILMINGTON, Del, Feb.
Directors of the Atlas PoWc
have declared a dividend OF ~
per share payable March :
holders of common stock On
February %.
Evening star., 1941-02-06
Odd-Lot DeuIinqs
By tie Associated Press.

By tTt ASSoCIateu PreSS.
The Securities Commission reported TO-
day these transactions by customers with
odd lot dealers or specialists on the New
2,ss5 purchases, involving 1873 shares
2.728 sales, involving 67,496 shares, in
GLIDING 81 short sales. involving 1880
shares.
Evening star., 1941-02-06
Commodity Prices

NEW YORK. Feb. ,6.-The Associatsd
commodities today advanced to 1896.
Previous day. 1925: week ago, 1912;
month ago, 1881: year ago. 1851.
1941. 1910. 1889. 1933-3S.
High ~ 1887 1925 1922 9s.14
Low 1925 $3.50 637s 4144
G926 average equals 1000
Evening star., 1941-02-06

Cottonseed Oil
Bleachable cottonseed oil futures closed
1-2 lower. Sales, 72 contracts. March
6.44b: May, 6.55: July, 6.64b; ssptem-
ber. Sob
Bid
Evening star., 1941-02-06
Baltimore Stocks
Special Dispatch to The Star.

Sales. STOCKS. High. Low. Close.
100 Arundel Corp II II II
100 Att est L of Conn 1874 1874 1Ss
3 Baito Transit pfd 200 200 200
lis Consol Pow com 66X SO SO
80 Mt Yer w Nils pfd 20 70 70
1s5 U Fidel & Guar 22h 22h 22h
$1,000 BALTIC Tr deb As A 36b 50 80
So, 100 BALTIC TT IS A AZ 40 AZ
Evening star., 1941-02-06
BONDS ON n. Y. STOCK EXCHANGE
7 R E A S U R Y.

FEDERAL FARM MORTGAGE.
IS 1944-49 1877 1917 1917
NEW YORK CITY BONDs
Is 1890 tO1sk 1O1h 101at
Evening star., 1941-02-06
Chicago Stock Market

CHICAGO. Feb GP.-Following is the
complete list of transactions on the Chi
csgo Stock Exchange today:
Evening star., 1941-02-06
Winnipeg Prices.

May 35I4 30 II 35
NoTtbfrn G1sh wheat, Hgs: No No hard NJ 75ss No
2 white oats, 33l2; No. 3, 31s4.
Baltimore Quotations
BALTIMORE. Feb. 6 lP.-Wheat. No.
2 red winter, sarlicky, spot, domestic.
94l2. February 94l2
Evening star., 1941-02-06
New York Bank Stocks

NEW YORK. Feb. 6 dP,.--National As
sociation Securities Dealers, Inc:
Closing quotations)
The Nome nugget., 1941-11-07
70 ANCHORAGE GIRLS ENLIST IN USO's
 HOSTESS ARMY

ANCHORAGE - It's Happy Days gre Here Again" for sol d-ers in this area with organiza- tion of Alaska's first "hostess army under guidance of Miss Margaret Conrardy, the North's s first USO hostess.
 Seventy girls of this city al ready were reported enrolled.
 Local Women'S clubs assisting in organization meetings, with their representatives, were: Mrs. P. L. Meitmayer, Anchorage Wo mans Club; Mrs. Fred Belgard, American Legion Auxiliary; Mrs. George Colwell, Altor Society: Mrs. Emil Pfeil, Mothers Club.
 Mrs. Glen Jones. Friendly Aid. Phresbyterian Church; Mrs. A. Reekie, Eastern Star; Mrs. John M, Anderson, Moose Auxiliary; Mrs. John Campbell, Homemak- CTS Club; Mrs. Jack Carr, wives of Junior Chamber of Commerce members.
 Miss Myrtle Wendler, Busi- ness and Professional Womens Club; Mrs R. B. Silvernail, Sev- enth Day Adventist Church; Mrs. H. H. McCutcheon, Pioneers Club; Mrs. D. w. Patterson, Church of God; Mrs. A. Wine gartner, Nurses Association; and Miss Marie Ridings, Teachers Association.
The Nome nugget., 1941-11-07
SKI, SNOW SHOE UNIT F0G ARMY

WASHINGTON - The Army has ordered the formation of . regiment of special mountain troops. such as ussd fn the Gsr- man invasion of Norway, also by the Italians.
 The fit battalion uait, the first Of sts k.nd n American his tory. will be formed on Noven- Der 15 at Fort Lewis, Wash. ac- cording to Secretary of War Hen ry L. Stimson.
 The new unit will serve as a nucleus for expansion as needed.
 The men VII be trained in mountain climbing by ski and snow shoes and will travel liv- ing on the snow.
 The first regiment has been des ignated as the Eighty Seventh Infantry Mountain Regiment.
The Nome nugget., 1941-11-07
PROTECTING CONSUMERS

Here is three-act drama en titled Defense Expansion"
 Act 1 - Mid-April: the Office of Price Administration and Civ ilian Supply comes into being. It's duty is to keep prices down, pro tect the consumer. Its chief, Leon Henderson. Its staff, twenty per sons. Its home the old Bair man sion at 2000 Massachusetts Ave.
 Act II - Early summer; OP- ACS takes on industrial com mittees, research assistants, law yerS and economistS-all to pro- tect the consumer. The staff of 300 outgroWs the Blair mansion and moves to a new apartment building on Q St.
 Act uI-Autumn. OPACS has 800 workers. Reorganization splits it into two groups - Office of Price Control and Office of Civilian Supply (under OPM) The apartment building is too small, and another move takes them to a new office building near the capitol.
 And the drama is still going. Soon a fourth act can be written, in which the staff, will number 2,000. And they will probably move again, if anybody can find building large enough.
The Nome nugget., 1941-11-07
THE WASHINGTON MERRY-GO-ROUND
By Drew Pearson and Robert s. Allen

WASHINGTON - The crumb- ling Russian front has caused some very cogent questions to be asked in high places regarding the efficiency of both the United States and the British.
 Uppermost question is trans portation, without which supplies cannot reach Russia.
 Most desperate area in which Russian needs supplies is in the south. There the Hitler drive has progressed disasterously near the oil fields of the Caucasus. How ever, the only route to the Cau- casuS is via the Gulf of Persia to the port of Basra, thence by "a shaky railroad through Iran to South Russia. This railroad is in such bad shape that almost no supplies of any consequence can be transported.
 To bolster it, American rail way experts are being sent to Basra. However, the stark trag- edy-completely unexplained - is why the British did not be- gin long ago to whip this road into shape.
 The Russian war has been in progress for four months. The British knew even last June that this route would be all-import- ant. Two or three thousand men could have revamped the rail road in quick time. But nothing was done.
 Meanwhile the French and Ger mans have been working fever ishly to build a railroad from Casablanca, in Morocco, to Dakar the French naval base opposite Brazil. And in about the same length of time, they have almost finished it. But in Iran the Brit ish did nothing.
The Nome nugget., 1941-11-07
FDR SPEEDS SUPPLIES

While the British have been ln- eXcuSably slow in regard to trans port, both Britain and the Unit ed States have been equally slow in allocating supplies to be ship ped. For weeks after Churchill and Roosevelt decided to send a mission to Moscow, the two gov ernments backed and filled as to who should be in the delegation and whether China should be in- vite d. Meanwhile precarious weeks, vital to RusSia's chances, were lost.
 And only this past week did large scale supplies really get loaded up in U. s. ports for Rus sia. Prior to that the army had hemmed and haWed, done little. It was only after week of Rus sian retreating toward Moscow, that Roosevelt shook the big stick and the army came across. Why he didn't act in July remains a mystery, for the U. s. Army was telling him even then that the
The Nome nugget., 1941-11-07
300 U. s. LOCOMOTIVES

Meanwhile, also, the Nazis fe- verishly have been relaying one rail on all the Russian railroads. This is because the Russians biult their tracks the widest in the world to prevent an invad- ing nation from using their rail roads. However, Hitler has had labor gangs relaying the rail line so rapidly that today mar rover guage Nazi trains go right up to the battlefront.
 This is the secret of Hitler's amazing transportation feat, by which four million men have been supplied with an average of four tons of supplies per man shells, artillery, food, clothing tanks and gasoline all hauled over 1000 miles to a battlefront 5000 miles wide.
 Yet only in the past few days is an American railroad mission being sent to the Gulf of Persia.
 There are two other routes to get supplies to Russia. One, by way of Vladivostok, means a two weeks rail haul over the Trans Siberian.
 To strengthen this road, the United States will send 300 loco motives. However, we haven't yet found the ships to carry them, since locomotives are too big to be lowered down the aver age ships hatch. But even more important, we have to revamp the locomotives, perhaps even manufacture them altogether, for our locomotives don't fit the wide Russian guage.
 Meanwhile, most U. s. supplies are going via Archangel, which has turned out to be better than expected, but the Nazis are pretty sure to begin bombing it.
The Nome nugget., 1941-11-07
RED CROSS ROLL CALL STARTS NOVEMBER 10

Your Red Cross is an import ant partner in the National De fense Program. With our soldiers and sailors at their posts, with the civilian population, it makes the rounds night and day, carry ing out its humanitarian duties. The Red Cross is supporting you. You can support the Red Cross by joining through the local Red Cross chapter.
 Nome's chapter purchased first aid material this summer to have on hand throughout the duration of the emergency and is prepar- ed to administer local relief when and if necessary.
 America needs the Red Cross more than ever before. Help build Americas defenses by joining the Red Cross in next weeks ROu Call.
 Last year the Red Cross sped assistance to 217,0O0 victims of 149 disasters in this country. Dis aster will strike again this year - when, where and how hard no one knows. But the Red Cross must be ready to perform it's CT rands of mercy. Help the Red Cross prepare. Our boys at camp need the Red Cross. We on the home front need the Red Cross standing by with instantaneous help. Let's show that we recog- nize these needs by going over the top" for the Red Cross dur ing the local Roll Call