davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-07-24
S. f. {. Chiefs Adopt
Single Area Basis
For Utility Act
Interpretation Of Power
lntegrution Clause
Is Announced
3, the Associated Press.

3, the Associated Press
The Securities Commission adopt
ed yesterday the single area" in
depreciation for the geographic in
tegration section of the Public
Utility Holding Company Act.
1t was this clause which led op-
ponents of the act to describe the
section as the death sentence"
AS it now is to be applied By the
S. E. C. it will require the entire
operations of holding company to
be limited to a single geographic
area, although more than one sys-
tenn may be permitted within that
area.
The commissions formal views
were set out in an opinion calling
upon Engineers Public Service Co
to sever within one year its relation
ship with Puget Sound Power &
Light Co. and its subsidiaries and
the Key West Electric Co
Engineers will choose between two
major systems as its primary system
retainable under the law, under the
provisions of today's order which
declared each system to be properly
integrated at present One of these
systems is built around Virginia
Electric & Power Co. and Savan-
nah Electric g. Power Co., while
the other includes Gulf States
Utilities Co, Ell Paso Electric Co.
and Baton Rouge Bus Co.. Inc
A section of the utility act pro-
vides that a holding company must
be limited to a single integrated
public utility system, except that a
company may retain additional
systems if "a, the additional Sys-
TENS cannot be operated inde-
pendently without the loss of SUBJ
stantial economies, or 'B) all of
such additional systems are located
in one State, or in adjoining States,
or in a contiguous foreign country"
The industry has contended that
the tB) clause meant that the addi-
tional system could be located any
where so long as it lay within one
State or adjoining States.
The S. E. c. once accepted that
view, but reversed itself more than
year ago. but it had not made
final determination until today.
Evening star., 1941-07-24
M. M. Holders
| Asked to Vote
Ion RefinoncinQ
b. the Associated Press,


NEW YORK, July 24-Stockhold-
ers of international Mercantile Ma
rine Co. were called today to a spe-
cial meeting September 2 to vote
on plans for refinancing the big
ocean transport holding company
and for reca pitulating its most i'm
portant subsidiary, United States
Lines Co.
John w. Hanes, chairman of the
I. M. M. Refinancing Committee,
said the plans-Which are subject
to approval by the Reconstruction
Finance Corp. and the United States
Maritime Commission-contemplat-
ed meeting the maturity of the 1.
M. M. 6 per cent collateral trust
bonds due October /, outstanding
for sll ,469,000 by the payment to
bondholders of so per cent cash
and so per cent in new 4 per cent
collateral trust bonds.
Evening star., 1941-07-24
London Bank Report

LONDON, July - Bank Of Eng
knd note circulation again climbed TO a
new record of f65@. 6550oO for the week
ended July %. Circulation figures have
risen steadily since late January with
only two weeks showing a decline and one
week when the figure remained stationary.
Reserves and bullion holdings were re-
dUced with correspondent drop the
proportion of reserves to labilitIe~ to SIS
per cent. the lowest point since April "a,
when the all time low Of 50 was reached.
The ratio for the like week a year ago
stood al - per cent.
:. The detailed statement follows lin thou
sends of pounds:
-. Circulation. 652 655: increase 1855
Bullion .aOa: decreased 81.
Reserves, "a"54: decreased 1919.
Public deposits. l412i: decreased A.
SS4
as1
Government securities, 146.a33; in
reated 1920
Other securities 2a43l: decreased l,645.
Ratio of reserves 20 liza oIlities. 1875 per
cent. compared with SO last week.
Bank rate, per cent.
Evening star., 1941-07-24
Boston Wool Market

BOSTON July - p, Omitted States
Department Of Agriculturel. - Scattered
sales were closed today on domestic uools
in the Boston market. The volume of
business was inclined TO be smaller than
last week. Actual sales we're closed at
prices about steady compared with last
week. Twelve month Texas woods were
moved occs sionally at mostly 81 05-Sl %
secured basis Fine territory woods of
French combing lensth were sold in orisi-
nal bags at Si-Sl .03 secured basis A
little interest was shown in combing one
fourth blood brisht fleece woods al prices
in the Tanae 45-41 cents, in the grease.
Evening star., 1941-07-24
Merger Is Discussed
By Merrill Lynch,
fenner & Beane
Both Big Brokerage
Firms Have Offices
In Washington
3, the Associated Press.

b. the Associated Press
NEW YORK, July 24.-The Wall
Street firms of Merrill Lynch, E. A.
Pierce g. Cassatt and Fenner g.
Beane, rated as two of the largest
brokerage concerns in the country.
were reliably reported today to be
discussing merger terms.
Consummation would give the
financial district its most important
consolidation of brokerage facilities
since the beginning of the long run
of mergers several years ago as a
result of declining activity in Sc
curity markets.
Besides stock exchange connec-
tions, both concerns have member
ships in the Nations leading COM
modify exchanges.
Fenner g. Beane has So branch
offices. big majority being located
in Southern cities. but also cover
ing key centers in the Midwest. The
firm has II general partners and II
special partners.
Merrill Lynch. E: A. Pierce &
Cassatt attained its present title
through earlier consultations Of
several brokerage and investment
concerns with the old stock ex-
change commission house of E. A.
Pierce & Co The firm has 50 branch
Offices scattered over the entire
country. There are "a general part
ners and 10 listed as special.
Fenner & Beane at one time was
credited with doing the largest
trade in the New York Cotton Ex-
change.
Both Merrill Lynch, E. A. Pierce
g. Cassatt and Fenner g. Beane
have important offices in the Ma
tional Capital and do a large busi-
ness here.
Evening star., 1941-07-24
Dry Goods Market

NEW YORK. July "a lP,.-Cotton sood,
mills today remained reluctant to offel
their wares despite a broa dened inquiry
for all types of fabrics Available offer
ings were allotted TO regular customers in
proportion 10 past purchases
Woolen piece goods BUYERS vainly sought
quick shipments Clothine manufacturer
were SAID to be stepping up production or
suits and oyercoets with retail sales OF
mems clothing well above the same period
a wear ago.
Rayon goods continued TO be dominated
by the shortage of yarn. Wen-informed
trade quarters held out little hope for
an early clarlfic ton Of this situation.
Evening star., 1941-07-24
Chicuqo Produce

CHICAGO. July "A lF.-Poultry. live,
"a trucks; Irregular: broilers, ga pounds
and down. White Rock. 49, springs, 4
pounds up. Plymouth Rock. ~; White
Rock. 90: under 4 pounds, Plymouth Rock.
21: White Rock. 1917; other prices un-
changed.
Butter. receipts, 1,215,5s3; steady;
creamery, 30 score. 33h; other prices un-
CHANGED.
graded extra hrsts, local, 2634: cars, 27:
hrsts, local, 20; cars, 1854; checks, 22s4;
other prices unchanged.
total United States shipments, 4l6: sup
plies heavy. demand SLOW, shshtly weaker,
California long whites, o; s. No; 1, 2.2o
No /, 1850 Idaho Eusset Burbanks,
q 3. Ne, l, ! .9o-e5:. Nebraska Bliss Tn
" Srh. H. lI.an,, as-5e SslsSlsr; s
generally eood auaitg. Sol. .o5.
Evening star., 1941-07-24
|. B. N. Profit Equals
S.01 a Share in
Six Months
Result Compares With
SASS q Share Earned
In 1910 Half
~ the Associated Press.

~ the Associated Press.
NEW YORK. July 24.-1nterna-
tional Business Machines Corp. re-
ported net earnings for the first six
months of le41 of s4,728 1856. or s5Ol
a share. compared with revised net
income for the like 1910 period Of
S4,293, ,482, or s4.55 a share on COM
parative stock basis.
International Salt.
international Salt Co. and sub
sidiaries reported net profit for the
first six months of s407 ,S21, or sl.70
a share compared with $326,195, or
sl.36 a share, in the like 1910 period
Railway Signal.
General Railway Signal Co. re-
ported indicated net profit for the
June quarter of s195, ,904, or so cents
a common share, compared with
Sl22,037 or u cents a snare, in the
like 1910 period.
Jones e. Laughlin.
Jones Il Laughlln Steel Corp. re-
ported for the quarter ended June
30, subject to the annual audit and
adjustment. a consolidated profit for
the corporation and its subsidiaries
of $3,937,720, after all charges, in
cluding depreciation, depletion, in
terest and taxes. This compares
with a profit of s2.141,6 ,645 reported
for the same quarter last year.
The consolidated profit for the
six months ended June 80 was So
oeS 227. compared with s3276,256 for
the same period last year.
Union Carbide.
Union Carbide IL Carbon Corp
and subsidiaries have reported net
income for the June quarter of Sl0,-
1876 .498. or sl.l6 a share. compared
with S9,503,470, or Sl.02 share, in
the like 1910 period.
Frank G. Shattuck Co.
Frank G. Shattuck Co, operating
the Schrafft's Restaurants, reported
consolidated net profit for the June
quarter OF SlIO,0ZZ, or IA Genus
share, compared with net loss Of
S68.605 in the like period
American Steel Foundries.
American Steel Foundries re-
ported net income for the six months
ended June 30 of s2,067,719, or STA
q common share, compared with
&1,666,525, or sl40 share, in the
like 1910 period.
Directors declared dividend Of
rs cents common share for the
concluding quarter of the interim
fiscal period, January to Septem-
Der &c. payable September Is to
holders of record August 80. Divi-
dends of 25 cents each were paid in
March and June.
Evening star., 1941-07-24
FOREIGN Exchange

NEW YORK July "a tP,.-Noon FOR
eien exchange rates follow Great Britain
in dollars. others in cents).
Canada.
Ofdcial Canadian Control Board rates
for United States dollars: Buyins, o per
cent premium; selling. IL per cent pre-
MUM: equivalent to discounts on Canadian
dollars in New York of buying, a.o1 per
cent; selling, q. 90 per cent.
Canadian dollar in New York open mar
ket. iii per cent discount, or 1881 u
United States cents.
Europe.
Great Britain, oficial Bankers Foreign
Exchsnse Committee rates.: Buying, 4 02
selling. 4.04. open market: cables, 4o4, Up
Il cent.
Latin America.
Argentine, ofhcial. ao7f free 90 50;
Brazil. ofhcisl, 606n; free, Sion; Mexico,
90. ION.
Far East.
Japan. 90 So: Hone Kons, "A 80. down
.01 cent; shanghai, 54f. up .o3 cent.
RATES In spot cables unless othervise
indicated)
Nominal.
Evening star., 1941-07-24
Grummon Backlog Sets
Record at S74,50O,000
By the Associated Press.

By the Associated Press
NEW YORK, July 24-Grum-
man Aircraft Engineering Corp.
which is making naval fighter
planes, reported today a backlog Of
$74 500, 900 in orders and said it was
an all-time company record.
The stack of untitled orders in
creased to the record figure from
S63 500, 900 on January |, despite
first quarter deliveries of S3.261 ,0OC
ana second quarter deliveries OF
s5,579, 900, the report said.
Evening star., 1941-07-24
London Market
| Eases on News
from Orient
BY the Associated Press.

LONDON, July 24.-The stock
market lost further ground today
on withdrawal of support in con-
nection with the French concessions
to Japan in Indo-China.
British funds closed lower and
the market for Japanese bonds be-
came almost nominal after new
declines of as much as 2 points.
Industrials moved over a narrow
course, while home rails tilted down
from opening quotations. Oil and
rubber shares also eased. Kaffirs
were inactive.
Evening star., 1941-07-24
Air Reduction Reports
.S2,137,298 Profit
In Quarter
Result Well Ahead
OF S1,663,106 for
Same 1910 Period
nv the Associated Press,

BY the Associated Press.
NEW YORK, July 24-Air Reduc-
ton Co. Inc, and wholly owned
subsidiaries reported today net profit
for the quarter ended June 80 at
$2.l37,298, or 79 cents common
share. compared with 81 1868, LOG, or
81 cents a share in the same period
last year.
Freeport Sulphur Co.
Freeport Sulphur Co. showed con-
solidated net profit for the second
quarter of s953,4ls, or $l20 q COM
mon share, against s636,57s. or 80
cents share in the June quarter
of 1910.
The company declared regular
quarterly dividend of 50 cents a
share payable September 2 to hold
ers of record August Is.
U. S. Pipe g. Foundry.
U. S. Pipe e. Foundry Co. reported
net income for six months ended
June 80 at 81, 1,8l6,700, or s2.6l share
on the common, compared with
S783,01 or SLIP in the same period
year ago,
Upgrade Sylvania.
Hygrade Sylvania Corp, manu-
facturers of light bulbs and radio
tubes, reported net profit for the
six months ended June 80 at $780,
693. or 81 19 a common share. against
s416,378, or s168 a share in the first
half of 1910.
Theatres Equipment.
General Theatres Equipment Corp.
and Observation-Disclosures Cinema
Building Corp.-reported June quar-
ter net profit of s25S0l4, or "A cents
a share on the common, compared
with sl95.637. or 33 cents in the
same period a year ago. Federal
taxes were calculated at proposed
new rates.
General Steel Castings.
General Steel Castings Corp. for
the six months ended June 80 re-
ported consolidated net profit OF
81 $50 900, after provision for Fed
eral income taxes and Federal tax
contingency. equal. after preferred
dividend requirements, TO S3.O4
common share This compared with
s72.958, or 73 cents a preferred
share, in the comparable period
last year.
City Ice 4 Fuel.
City Ice e. Fuel Co. reports a net
profit of s666. 6.58l for the first halt
of l94l. Although s40l,2l6 higher
than last years first-half profits,
the earning was slightly below the
s678.052 reported for the first six
months of 1889
Freeport Sulphur.
The Freeport Sulphur Co. re-
ported net income for the quarter
ended June 80 of s953419. equal to
sl.20 common share, compared
with s636,578. or 80 cents share
in the corresponding period Of l94e,
Lion Oil Refining.
officials of the Lion Oil Refining
Co. Ell Dorado, announced that the
company's net income for the first
six months of 194l, after deductions
for Federal income taxes, deprecia-
ton. depletion and other capital
retirements. totaled $40 1866. This
figure, with no provision for the
excess profits tax, was equal to Sl0l
per share on 435 .060 shares of stock
outstanding on last June 30.
Net income for the comparable
period last year. with the same de-
ductions, was s378,876, or 81 cents
per share.
White Motor Co.
The White Motor Co. reported q
net profit of s791 1855 for the first six
months of l94l, after all deductions
Net profit for the first six months
of 1910 was S743,529 The company
is making equipment for the Army
Evening star., 1941-07-24

Also extra or extras. Declared or
paid so far this year. e Paid last year.
Quotations furnished by National As
soCiation OF Securities Dealers. Inc. which
states they DO not necessarily reflect ac-
tual transactions or firm bids or offers,
but should indicate approximate prices.
Evening star., 1941-07-24
Rail Loadings Soar
3 Per Cent Ahead
OF Last Year
1896, ,370-Cor Volume
rs Per Cent Above
Previous Week
By the Associated PresS.

By the Associated PresS.
The Association of American
Railroads reported today that $685.
$40 cars of revenue freight we're
loaded during the week ending last
Saturday.
This was an increase OF 1905
cars, or 7.s per cent. compared with
the preceding week; an increase of
168,9l0 cars, or 23l per cent, COM
pared with a year ago, and an in
crease of 247,705 cars, or 50 per
cent, compared with 1899.
The report classified the loadings,
compared with last week and the
corresponding week year ago, as
follows.
Evening star., 1941-07-24

ouotations furnished BY National Axso-
citation Of Securities Dealers. Inc. which
states they do not necessarily reflect actual
transactions or Arm bids or offers but
should indicate approximate prices. and
unless otherwise indicated are as quoted
by the sponsors or issuers
Not quoted by sponsors or issuers
Evening star., 1941-07-24

'Ex dividend tPlus extras A) soc
paid so far this year te) 2r extra.
| Ia $6 90 extra paid December es. 1910
| (hD IS 0n extra fk) zoe extra tml 81 90
extra tp) S1.0o paid September 80. 1910
6sl 50 90 paid in 1910 W $1,000 extra
~. IT, When issued.
Evening star., 1941-07-24
Construction Awards
Top 200 Millions
For Third Week
New Defense Building
Drive Continues to
Swell TotoI

BY the Associated Press.
NEW YORK, July 24-Englneer-
ing construction awards this week
exceeded the s2OO,O0o,O0o level for
the third successive week, Engineer
ing NewsRecord reported today.
The total was s2O5,S77, 900, COM
pared with s2O6, 765 900 the previous
week and $50 $3.50, 900 a year ago.
Contracts stemming from the Sec
ond defense construction program
continued to account for the great
bulk of the weeks awards.
Comparisons follow:
Private.
Latest week Previous week Year ago
Sl5,222,O00 S1G, ,l23,000 4l2,152. 900
State and Municipal.
$1t,034,o00 s34 302, 900 S24551 900
Federal
Sl13,62l 600 Sl55 100000 Slbo7l 900
Total
S2O5,s71 600 $2O6,765,OO0 So. $50, 600
Evening star., 1941-07-24
London Tin Prices

LONDON, July a lPl.-Tin arm spot,
e15a 15s bid. $3.50 Sc asked: future. f262
lbs bid, 1868 asked.
Evening star., 1941-07-24

A sharp rise in coal loadings led
a contra-s seasonal increase in total
shipments to the second highest of
the year.
The Associated Press seasonally
adjusted index Of loadings, based
on 1929 80 as 100, advanced to 900
compared with 1874 the previous
week, and 1913 a year ago.
Evening star., 1941-07-24
Output of Distilled
Spirits Up Sharply
By tie Associa ted Press

By Tie HSSocIa led Press.
The Treasury reports production
of distilled spirits increased TO IA
407,228 tax gallons in June. COM
pared with lO,658.084 in the similar
month last year.
Output of still wines in May was
reported at 1364809 wine gallons,
compared with 1,712,462 in May.
1910.
Japan will establish a fixed N in
imum price for motion pictures.
Evening star., 1941-07-24
Investing Companies

NEW YORK. July "a P-Nation,l As
ISOLATION Securities Dealers Inc:
CLOSING Ouotstionsl
Evening star., 1941-07-24
Washington Exchange

SALES
AFTER CALL.
Washington Gas Light common-40
at2l, 40 at 81.
Evening star., 1941-07-24
London Bar Silver

LONDON, July "A tF-Bar silver
231ad, UP IL. Equivalent 42.62 cents.
Evening star., 1941-07-24
Insurance Stocks
tReported by Smith, Barney g.

NEW YORK. July "a iPi.-National
ASsocia ton of Securities Dealers, Inc.
Evening star., 1941-07-24
United Stotes Treasury Position

- the Associated Press.
The position of the Treasury July 20 col
Evening star., 1941-07-24

PUBLIC UTILITY
Evening star., 1941-07-24
BONDS
PUBLIC Utility
STOCKS

HIOIEI-hINEOUb-
Ter RI d W Cp 1st <i.s 194s 1901
Evening star., 1941-07-24

NVs
The White Motor Co. reported q
net profit of s79l,3 1855 for the first six
months of l941, after all deductions
Net profit for the first six months
of 1910 was s743.529 The company
is making equipment for the Army
The Waterbury Democrat., 1941-12-01
I&>s4M7ya,vt
 esIASLlsHeD issA
esTAsLIsHeD iSOS

This store will remain open until o'clock Saturday, December Six and Saturday, December Thirteen. If You Enjoy The Social Side Of Life And Want To Meet Your Social Obligations Correctly, Our Prep Shop" - Second Floor Tux Suit $24.75 Just Fills The Bill.
 Streomlined to the last curve =
 styled 10 the lost stitch-good to
 the last thread.
 Tailored in sm0rt double
 breasted Princeton model in
 choice midnight blue ell wool un-
 finished worsted grossroin or
 sotin I0pels.
 Just as correctly styled accessories
 too-hots 10 shoes.
 If it's very much on the foFmol
 side-t0iIs $33.75-oxford grey
 velvet coIIoF dress coat $35.
The Waterbury Democrat., 1941-12-01
CITY TREASURER
 TOPAY TRIBUTE
Serge Belanger in Spe. ciaI Broadcast Tonight
 for Local Lodge of EIks

Waterbury lodge, B. P. 0. E. will present City Treasurer Serge A. Helanger in . five.minute broadcast over Station VERY this evening at $40 o'clock, in connection with the natIon-wIde observance of Flying Cadet week. MT. Belanser will repre- sent the Elks and the Waterbury Defense council in paying tribute to the young men who fly this coun- try's swiftly growing armada of planes.
 Flying Cadet week Is being obserV- cd during the week from Nov. % to Dec. over the entire country. Mayor Vincent A. scully recently is- sued 6 proclamation calling for the citizens of Waterbury to set aside Q day in tribute to these men who comprise the army air corps.
 A second series of refresher courses for young applicants for flying cadets is now being given in Water- bury under the direction Of Dr. John c. dilmartln, in preparation for the mental examination required of all candidates. Travelling boards visit Waterbury from time to time to give physical examinations to pros. pective flying cadets, and some of WaterbuFy's young men have already been successful in meeting both the physical and mental requirements.
The Waterbury Democrat., 1941-12-01
COr1pe on
 Agreements

C0mpenzafon Commissioner Tuas eph E. Talbot today approved thA following agFeementss
 Paul Thomas Mclaughlin. Deif against William E. Bassetf, Derby S1s.2S per week beginning NoVnniS Der 6; fracture Of right index flnN CT.
 Antonio GugliOttl, WateFbur against Turner Construction CoNaa panyj SI8y00 per week begimu September Q; compound fractMk of the terminal phalanx ak the M big toe.
 vlrglnlo Gabbanclll, DeRbys against Hession Bros, Derby S1l.sA per week beginning Sepa tmeber 27; fracture left wFiHfa laceratiOns oR head, face and body
The Waterbury Democrat., 1941-12-01
PARISH TO HOLD
 TURKEY SUPPER

Trinity Episcopal church Will hold It's annual turkey supper on Dec. 10 in the parish house from 5 to 7;S0 ?. m., 1t was announced to-
The Waterbury Democrat., 1941-12-01
ANNUAL NOVENA. GETS UNDERWAY.
Rev. Joseph LawlOr, C. N. Conducting Immaculate
 Conception Exercises

The annual novena in honor of the Immaculate Conception opened last evening at the church of the Immaculate Conception and will continue nightly until Monday eve- ming, December 8. The conductor Is Rev. Joseph Lawlor, 0. M,, Services each evening will be held at the same time, 7:30 and novena masses will be ct [, 8 and o'clock.
 The novena is open to all men and women, young or old, single or married. Novena prayers are asked to help restore this world to Christ 30 that all people may live as Sons Of Gods and Brothers of Christ.
 Forty hours devotion will open Friday of this week at the Q o'clock mass and close next Sunday at T:30 ?. m. There will be a procesison Of the blessed sacrament on both the opening and closing days. Masses during the forty hours will be as follows: Friday, 6:30, 2, 8 and high mass at 9 o'clock. Saturday, 5:30, ', 8 and Q o'clock. The latter will be Q high rnaSs-the votive mass pro pace" (for peace). Friday, Saturday and Sunday evenings be- sides the usual prayers for the I'm. maculate Conception novena there will be Q sermon and benediction. Saturday evening the novena pray- CTS In honor of Our Lady of the Mi- raculous Medal will also be said.
 There will be a meeting of the G. Y. Q. this evening at 8 o'clock. The Children of Mary will receive holy communion next Sunday ct the 6 o'clock mass. Religious instructions for high school juniors and seniors will be held tonight at 7:l6 and for freshmen and Sophomores Wednes- day evening ct the same time.