davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-04-13
Recovery Is Resumed
By Wheat Futures
In Light Buying
Prices Up More Thon
A Cent; Approach
Ten-Month Peak
By FRANKLIN MULLIN,
lated Press Market Writer.

CHICAGO, April Wheat prices
resumed their recovery trend today
with gains of more than a cent that
carried quotations back to within
about 2 cents of the 10-month
peaks established just before the
outbreak of hostilities in Southeast
ern Europe.
Buying orders, though mostly
small scale, came from professional
and commercial interests and were
associated with reports of improved
flour business and prospects of pas
sage of legislation under which
higher loans would be made on the
new crop. Some short covering also
was in evidence.
Traders were uncertain about the
Balkan war. In general, the tend
ency was to refrain from extending
commitments pending more def
mite idea of the outcome.
Wheat closed 1-13s higher than
Thursday, May 91%-34, July 9014 Is;
corn I4-4s up, May 67& IS, July
683s; oats $s-1 higher; soybeans u
IL higher; rye Il lower to IS higher,
and lard 8-15 higher.
Grain range at principal markets
today:
Evening star., 1941-04-13
Stocks Continue
To Drift Lower
AT Week End
Commitments Cut
Pending Outcome Of
Balkan Bottle
WHAT STOCKS DIl
By FREDERICK GARDNER,
Associated Press Financial Writer.

NEW YORK. April 12.-War
doubts continued to bear down on
the stock market today and the list
finished a generally discouraging
week well under water.
While many in Wall Street
stretched out Fridays holiday for
lengthy week end, most of those who
appeared were inclined to cut COM
mitments pending outcome OF the
critical Balkan battle between the
Allied and German armies.
Some comfort was derived from
the settlement of the Ford strike,
but the labor picture was still suffi-
GENTLY spotty to keep buying ardor
subdued. Threats of General
Motors walkout and the deadlock
in soft coal mining wage dispute
were viewed as market handicaps.
Drop to New Lows.
Steels and motors touched new
ber of others. Rails and oils were
fairly resistant as net revenues for
the carriers mounted and quotations
for crude and gasoline showed
further rising inclinations. Losses
ranged from fractions to a point or
so for more active stocks. A handful
dropped 2 to 3.
The Associated Press average of
60 issues vas off 0.3 of a point at
401 and on the week showed a re-
cesSion of 21 points. 1t was the
biggest weeks setback for the COM
posite since mid-February.
Volume picked up on the retreat,
transfers totaling 290,3 800 shares.
largest two-hour turnover since
February Is. They compared with
225,170 last Saturday.
Touching new 1941 bottoms were
United States Steel, Bethlehem,
Youngstown Sheet, General Motors,
Chrysler and United States Gypsum.
American Telephone equalled its
years low with a fall of 3ls points
TO 1861.
Prominent losers included Du
Pont, Johns-Manville Allied Chemi-
cal, United States Rubber, Sears,
Roebuck, Montgomery Ward, West
ern Union, Santa Fe, Great North
ern, Cerro de Pasco, American
Smelling, United Aircraft, Douglas
Aircraft, General Electric and Union
Carbide.
Central Loss Small.
N. Y. Central held its loss to Il as
the road reported net of So cents
a common share for the first two
months. against cents in the same
1910 period. Standard Oil of N. j.
was up a shade, as was Consolidated
Edison.
Aluminium of America fell points
in the curb. Lesser casualties were
American Gas, American Cyanamid
"B, N. j. Zinc and E w. Bliss. An
exception was Bell Aircraft which
got up a point. Dealings in the
junior market approximated 1000
shares versus SO 900 week ago.
Invasion of Yugoslavia by the
Nazis started the slide on the big
board" Monday. The list suffered
its second worst beating since No.
vember on Tuesday. The Balkan
blues" took further toll of prices
Wednesday. Trends steadied a bit
Thursday. but failed to recover.
Scant attention was paid to opti-
mistic business items during the
week.
Evening star., 1941-04-13
Auto Makers Believe
Cut in Production
Is Inevitable
Leaders Hope for Big
Initial Assembly Of
New Models
By DAVID J. WILKIE,

Associated Press AutomOtlVe ECltor.
DETROIT. April 12-The closer
the automobile industry comes to
the end of its current model year
the more hopeful its directing heads
become that curtailment of produc-
ton may be deferred until after
the normal first flush of the new
model introduction and distribution.
That would mean a level of pro-
duction adequate to meet immediate
demand during the first three
months of the new model year,
which begins officially on october /.
While the cheerfulness of some
of the car makers respecting 1912
model prospects has led to the sus-
picion among at least a few of the
industry observers that little
'wishful thinking" is being INDUCED
in, the outlook for the remainder
of the current calendar year is be-
ginning to take on a more definite
tone.
Expect Curtailment.
The car makers expect a cur
tailment; they expect increased tax
es and higher production costs.
Even without the curtailment that
many of them already regard as
inevitable, they believe more or less
generally that 1912 model produc-
tion could not equal that of the
1941 model output volume. Some
of them are inclined to believe that
the current high volume of retail
distribution already has begun to
borrow something" from the nor
NAL 1912 market.
They have hopes, however. based
wholly upon present indications, that
they will be able to turn out at
least 100000 of the 1912 model
vehicles by the end of the current
year. This somewhat hazardous
statement is made on the present
assumption that leading producers
will be able to get into their next
year model assembly activity about
as soon as they want to after Au-
gust l.
Because of the heavy production
and distribution of passenger cars
and trucks, reminiscent in many
respects of the boom period of 1929,
it is quite generally conceded in
trade circles that most of the large
producers will be ready to conclude
present model output in July.
Preparations Normal.
One development supporting the
hopes of the car manufacturers con-
cerning the initial months at least
of the 1912 model year is the fact
that there has been little deviation
from the customary procedure of
preparing for new model work.
Inasmuch as the plants have to
prepare anywhere from seven
months to year ahead for new
model work, it is safe to say that
(See WILKIE, Page E-30
Evening star., 1941-04-13
Cotton Prices Climb
) 10 6PointS on
New York Market
Buying Anticipates
Fresh Agitation for
Higher U. S. Looms
BY the Associated Press.

NEW YORK, April 12-Cotton
futures rose 3 to points today on
buying based in part on anticipa-
ton of further agitation next week
for higher Government Loans on
the staple.
Broader gains were checked by
Spot House selling, particularly in
new crop months.
Worth street textile traders es-
timated the weeks sales of print
cloths and related items at still
below weekly mill production. Some
second hand offerings appeared at
slight price concessions but mills
held firmly to their asking prices.
Exports Thursday l08: season so
far 831 ,440. Port receipts 4,470.
Port stocks 3,380,03l.
F01I
Evening star., 1941-04-13
Southwestern Oil Workers
Receive Pay Boosts
BY the Associated Press.

By the Associated Press.
DALLAS, Tex, April 12.-More
than $4,000 Southwestern oil work.
ers have received pay raises the
past 10 days, many of them retro
active to April /.
The increases generally were 5 per
cent. They applied to Office, produc-
ton, pipe line and refinery employees
in the lower and middle wage
brackets.
The Humble company, Texas af-
filiate of the Standard of New
Jersey, started the procession.
Among other Texas companies
which have Joined in the move are
the Gulf, Texas, Magnolia and Sun.
In Oklahoma the Carter Oil Co.,
a Standard of New Jersey affiliate,
yesterday announced per cent
boost for about 500 office workers
in Tulsa.
Higher salaries for the workers
came in the wake of a crude oil
price hike averaging around per
cent.
Evening star., 1941-04-13
Petroleum Firms
Well Prepared,
Dawes Says
Ry the Associated Press


COLUMBUS. Ohio, April 12.-The
petroleum industry is ready for
peace or war, President Henry M.
Dawes of the Pure Oil Co. told
stockholders at the company's an
nual meeting here today.
1T has augmented crude oil re-
serves and has sufficient refining
capacity to meet the combined do
mestic and wartime demand" he
added. "On January l, 1941, the
Nations proved recoverable reserves
of crude oil were 19024,515 900 bar
rels, the highest in the history of
the 82-year-old petroleum industry,
and an increase of SAL SOB 900 bar
rels over the previous year"
Dawes observed that 1910 gaso-
line prices were the lowest in his
tory, and said that while the pres
ent trend is upward, the price is
still below that which is necessary
to permit profitable operation of
refineries'
Evening star., 1941-04-13
Capital Deposits
Up S64,085,136
During Year
S436,959, ,05l Total
On April a Largest
In City's History
BY EDWARD C. STONE.

Continuing their amazing ad-
vances, deposits of $436,959, ,05l "a
in % Washington banks on April 4,
date of the controllers last condi-
ton call, were $64,085, 1866 higher
than a year ago on March 26, when
they stood at $372873.91448, ac-
cording to an analysis of the bank
ing situation compiled yesterday by
Audley A P. Savage, auditor of the
National Savings & Trust Co.
Bank deposits at the new peak
were also $50, ,282 .546.0l higher than
on June %, 1910, when they ag-
gregated 1884, 4,676, ,505.33, and dis
closed gain of s17,267, 1912 over
the call three months ago on De-
cember 81. In the past five years,
from March 3, 1885, when the total
amounted to $275 ,226,55l85, de-
posits in the Capital have gained
S161 ,732 ,499,49, Mr.. Savage an
nounced.
In the first three months of this
year all classes of banks showed
gain. National banks were up SILL
213213, savings banks, $2,053,002,
and trust companies, $4,000 GAS.
Riggs National had a gain of S.
435,898; Washington Loan e. Trust,
S2,494.13l; Hamilton National, 81
BOT .433; Lincoln National. s1,175 ,230,
end National Metropolitan, S1,018,-
497. Many other banks also had
sharp advances.
Deposits on April 4, 1941.
The figures just compiled by Mr..
Savage show the following deposits
IN the individual banks on the call
date, April 4, 1941:
NATIONAL, RANKS.
Evening star., 1941-04-13
BIZ the Associated Press.

BIZ the ASSOCIATED Press.
NEW YORK, April 12.-Building
permits in March rose to $138,235,-
1876, an increase of AIT per cent over
February and 25 per cent greater
than in March, 1910, Dun g. Brad
street reported today.
Last months total, covering 215
cities, was the greatest, with two ex-
ceptions, in more than 10 years.
The exceptions were in January
and July, 1887.
Permits issued outside New York
City rose proportionately more than
Evening star., 1941-04-13
Early Truck Crops
Slowed in Virginia
By the Associate led Press.

RICHMOND, Va, April 12.-Early
truck crops in Virginia have got
ten off to a slow start because of a
cold. late spring and indications are
that the harvest will be about 10
days late and similar to last year,
the Virginia Cooperative Report
ing Service said today.
Cold weather has delayed the
bloom of Strawberries but prospects
are for a good yield, the service re-
ported. The harvesting OF the
spring spinach crop started the sec
ond week of April.
Evening star., 1941-04-13
March Building Permits Show
rs Per Cent Gain Over 1910

those in this city. The outside total
was $121, ,244, ,397, which was SIT per
cent above February and 1868 per
cent better than in March last year.
In New York the aggregate was
$16,990,799 or 242 per cent above
February but 215 per cent behind
last March.
Permits issued in the first quarter
of this year and last in the five
most active cities were:
Evening star., 1941-04-13
Total -----$436, ,959 ,051 "a
Hammack Insurance Club Head.

Paul w. Hammack, long connect
ed with the Prudential Insurance
Co. of America, was elected presi-
dent of the Life Insurance Club OF
Washington at the annual meeting
held during the past week at the
Parrot Tea Room. He has been in
the insurance business more than 20
years, active in the club and also
in the District of Columbia Life Un-
derwriters' Association. He succeeds
Charles B. Sinclair of the Equitable.
George T. Black, Sun Life of
Canada, was named vice president
and william D. Macy, III, Phoenix
Mutual, was made secretary and
treasurer. The Board of Governors
includes Joseph L. Baldwin, North
western Mutual; Frank c, Jude,
New York Life, and R. K. Miller,
Equitable of New York.
The club is made up of men who
have been unusually successful in
the business. All the latest in
surance developments are consid-
cred at their meetings.
Willis Bank Committee Chief.
Stanley D. Willis, trust officer,
National Metropolitan Bank. has
been named chairman of the Sports
Committee for the June conven-
ton of the District Bankers Asso-
citation to be held at Hot Springs,
President A. M. McLachlen an
nounced Yesterday. Mr.. Willis has
been active in the association for
several years.
D. J. Callahan. r.. an assistant
vice president of the Riggs National
Rank, has been named vice chair
man. The other members Of the
committee were also announced.
They are:
Guv D. Cowl, assistant treasurer,
McLachlen Bank; F. H. Cox, vice
president, City Bank: Joshua Evans,
jr., vice president, Hamilton Bank;
Richard E. Harris, assistant treas
urer, American Security Trust Co.;
David Hendrick. partner, w. B.
Hibbs & Co.; w. L. Koontz, vice
president and cashier, Anacostla
Bank; Fred Mckee, vice president,
Security Savings & Commercial; S.
William Miller, treasurer, Union
Trust Co., and William v. Simmons,
trust officer, Liberty National.
Electricity Sales Jump.
March sales by the Potomac Elec-
trio Power Co. totaled 79,826,879
kilowatt hours, compared with Co.
O08,918 kilowatt hours in March,
1910, a gain of 10.817,918 kilowatt
hours, or 1853 per cent, it was an
nounced' at the head Office of the
company here yesterday.
A large delegation of Washing
ton building and loan association
leaders attended the annual meet
ing of the Federal Home Loan Bank
of Winston-Salem yesterday after
noon and the dinner in the eve
ming, when Vice President Henry
A. Wallace was the guest speaker
The group from here was headed
BY Edward c. Baltz, who is vice
chairman of the Home Loan Bank,
and F. Wilson Camp. secretary of
the District Building and Loan
League.
Evening star., 1941-04-13
MetuI Market

NEW YORK, April IL tR.-Copper,
steady; eiectrolytic. spot: Conn; Valley,
1900 export, j.. A. S., N. Y, II .00-12 ;00
ward. 51.25; lead. steady; spot. New York,
5.s5-a0; East st. Louis. $40; zinc, steady;
East St. Louis. spot and forward, 7.25;. pig
iron, aluminium, antinony. quicksilver,
platinum Chinese wolfranite and domestic
scheelite. unchanged.
Evening star., 1941-04-13
Cottonseed Oil.

Cottonseed oil futures dropped 8 TO ls
points today on speculative liquidation in
spired by weakness in securities and
nervousness over Balkan Developments.
Sales totaled $50 contracts May traded
$50; July. s.71; September, SIS bid. and
October. S79-s1.
Crude oil in the Southeast and valley
was quoted IA cents nominal and in
Texas 7Ss nominal
Evening star., 1941-04-13

Cottonseed oil closed steady. Bleach.
able. prime summer yellow. SION; prime
seppember' r9e s45bi MaS octoSeT soO 4sS sSls s'
Bid Nominal.
Evening star., 1941-04-13
Odd-Lot DeuIinqs
BY the Associated Press.

The Securities Commission reported yes
terday these transactions by customers
with odd-lot dealers or specialists on the
New York Stock Exchange for April 10:
1850 purchases involving 51,973 shares;
241S sales involving 62.12 shares, in
shares.
Evening star., 1941-04-13

Chicago Cash Market.
Cash wheat No; bard bard ; s1M; No; AS,ll l
No. Z yellow, $50; No. i. 66Ta-6s. Oats,
No. j white, Al: No. 2. 4OIa-41 sample,
37L-ka; No. 1 white heavy, Al; No. 2.
4Ol5-41: No 4, 80. Barley. mailing. 53-66
nom; feed. 4s-53 nom: screenings. 35-51 u
nom: No. 2. mailing. SO. Field seed, un-
changed.
Winnipeg Cash Market.
WINNIPEG, April IL tP1.-Cash wheat,
No / northern, 75ss; No. .. 731z No. 3,
Evening star., 1941-04-13
New Orleans Prices.

NEW ORLEANS, April IL LP.-week-
end covering and trade buying strength
ened cotton futures here today. Closing
prices were steady at net advances of 3
IN : inte
Evening star., 1941-04-13
Commodity Prices

NEW YORK, April 12-The Associated
35 commodities today advanced to si.s5,
Previous day. s1.53; week ago, sf4I:
month ago. 7e16: year ago; 53 Ia,
High - 81 a6 1sa5 * 80 oS II
Low ------- 1908 $3.50 63.fs 4i.4I
U926 average EQUALS lOOO
Evening star., 1941-04-13
Miscellaneous Markets.

$1,000 Miscellaneous Markets.
Additional New York markets as com.
piled by the Associated Press:
LEAD-Futures closed . lower TO .
higher. Sales, 100000 pounds. MAY.
2;llo: December, 5.60n; January, 5.62n.
COFFFE-Spot quiet Santos No. 4.
9I.10; Rio. No. Z. 694. Santos. No. 4
1880 bags. May 93sn July, .5Sn:
September, 9.72. Rio. No. "A" futures,
2 to 3 higher. Sales, 500 bass. Decem-
CRUDE RUBBER-Futures closed 10 To
is higher. Sales No. l standard. 35 COM
tracts: new standard. 20. Old. May
p s2-s3; New, July, 21.60. Smoked ribbed
spot, % SSn
RAW HIDESHFutures closed 10 to oa
lower. Sales ZOO, 900 pounds. Juna.
1887 SPOT; No. 1, western light ma
BIB. n Nominal.
Evening star., 1941-04-13
u. S. Treasury Notes

NEW YORK. April IL LP.-Prices quoted
in dollars and thirty-seconds.
Evening star., 1941-04-13

(See WILKIE, Page E-3.)
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-07-19

the words as au I h ored by
Palmer and Van Ness.
But the melody in all cases is
the same. Apparently the song
just drifted around on its own
momentum before publication.
not altogether uncommon hap
penstance in the popular music
world.
John X. Diveny of the sports
desk of the Elmira. n. Y. Star
Gazette, informs us that Silver
Dollar frequently pops up in
the singing sessions Of the girls
at Elmira College.
He says the young ladies
sometimes localize the verse a
bit. and he is sure that they
ought to know more about the
general principle of gravitation
involved in the song than sailors.
if only as matter of feminine
instinct.
4 ND Kenneth S. Clark. editor
"A of "Carmina Princctonia.
the Official song book of Prince
ton, says he has long been seek
ing the origin Of Silver Dollar"
as it has been sung for years by
the .eniorS at Princeton in their
nightly senior singing and
wished To include it in his
volume.
Thus we appeared TO have
cleared away quite a fog. and
now we must get Sonny Kendis
TO make an arrangement Of the
song for his Stork Club orches-
ira. so we may enjoy any nos
talgia for Iceland that may
overtake us.
Copyright. 1s41, King Features synd.. Inc
Distributed by International News servic
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-07-19
Connolly Answers

la S72o0,OO0; Oh Sll,250.-
600; (c) S5,000,000.
Pa Hum; (b) drone; (c)
chirp.
3-ta) Street with no outlet;
tb) elegant wit; tc) counter
felt money.
IA Vitus Boring. 174l; tb)
John Cabot, 1897; (c) Left
Ericsson, 1000.
5-(a) Barnaby Ridge. Dickens;
(b) CasSandra in Shake
Speare'S Trolus and Cressida
and in AeSchyluS "Agamem-
non" (c) Sherlock Holmes.
Doyle.
6-Ca) Mai. John Andre; tbD
Aaron Burr: tcl John Adams.
tai Southwestern tip Of
Manhattan; (bD Utah; (c)
east central Kentucky.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-07-19
Revise Fumisatins Law

TWO desperate needs become apparent as detectives
sf the facts leading up to the deaths Tuesday of two
newsboys who walked into apartment filled with etha
fumigating gas
First, the city ordinance governing fumigang should
be rewritten to make specific the requirements in
posting warnings and statonng guards
Second, the city should assume direct control
these guards who watch the entrances to these death
chambers.
The guards should be reliable men, licensed and
supervised BY city agency such the board of
health and paid by the fumigatng company for their
guard duty
The present setup is slpshod and full of oopholes
Two boys have died to prove this City lawmakers should
remedy this condition before persons die needless
victims of fumigating gas.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-07-19
| cite rs to
The Editor
TO THE EDITOR:

TO THE EDITOR:
I SAW an article in the paper
July Ia, disclosing the fact
that England is no longer inter-
ested in concealing her efforts
to maneuver the United States
into an active war against her
perpetual enemy, Germany.
They actually speak out in
bold statements now. A promi-
nent British leader made a
quotation in Boston that was
positively astounding. He de-
clared:
after all, this Is your war
and you are In II up TO your
necks."
They have literally passed the
war over TO US.
Well, old John Bull should be
satisfied because he has success
fully negotiated another deal
with old Shylock. as the English
affectionately called us after the
last war because we had the
nerve 10 ask for the money they
borrowed from US.
OF course. the deal is strictly
on the usual non-payable basis,
If we enter this war as an
active participant it would be
the greatest piece of diplomacy
ever exhibited by the English in
the worlds history.
The British have actually sold
us a war at her own price and
we will have TO pay for il, not
only with our money but with
the lives of many of our youths.
CORNELIUS MILNER,
IO4l Watson street.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-07-19
CORNELIUS MILNEK,
IO4l Watson street.
TO THE EDITOR:

TO THE EDITOR:
MY OPINION is that Colonel
WI Josiah c. Wedgwood, labor
member of the British Parlia-
ment. who so boldly advocates
immediate American participa-
ton should be deported TO Eng
land.
In fact. that is what should be
done with all refugees who come
TO America to spread dangerous
propaganda.
Any one who advocates union
with England must be investi-
gated. Who. or which group,
pays for this propaganda?
Thank God we have patriotic
Americans like Senator Wheeler
and others who are not afraid to
expose this menace Of American
war advocates.
Shame on all Americans who
let themselves be bribed and
blow the horn for immediate
American participation.
EMMA LOLA GABLE,
100 UaxfpUtan avenue.