davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-07-06
The Special News Service.

The Special News Service.
CHICAGO, July 5.-The Govern
ment's program to stimulate hog
production by raising prices is BEAR
ing fruit much quicker than most
livestock market experts thought
possible three months ago.
Prices have scared approximately
$1.25 per hundredweight over the
50 average at which the Govern
ment sought to maintain them when
the program was launched early in
April. This rise has occurred de-
spite increased hog marketings up
until the close of May. Little of the
advance was accounted for in June,
when the big slump in receipts oc-
CURED. Furthermore, instead of
IA per cent smaller spring pig crop
than last year, as had been expected,
farmers turned out the largest num-
Der of pigs since 1888, with the ex-
ception of 1889.
Important factor In higher prices,
until diminished receipts came into
Evening star., 1941-07-06
McGiII Index Drops
Slightly During Week
Special Dispatch to The Star.

Special Dispatch to The Star.
AUBURNDALE, Mass. July S.
After working steadily higher dur
ing the month of June, the COM
modify index compiled by the McGill
Commodity Service declined slightly
to 85.3 from $50 during the week
ending July 3. The decline was due
entirely to reactions in prices of
farm products, as the industrial
group remained unchanged from
the previous weeks level. A check
up of the IA separate groups COM
prising the index showed that there
we're five declines and two advances
during the week. while seven groups
remained unchanged.
The industrial index held un-
changed during the week at 1876,
which represented the highest point
this year.
The agricultural index dropped to
1873 from 75.8 on June 81. In this
group wheat, corn, rye, cotton, eggs
and butter were lower, while higher
prices were noted for oats, barley,
beans and faxseed.
Evening star., 1941-07-06
Industry Moves
AtFastest Daily
Pace in History
Holiday Week Finds
Three of Indices
At Years Highs
B, tie Associated Press.

By the Associated Press.
NEW YORK, July 5.-Operations
in domestic business and industry,
after making allowances for July 4
factory Shut-downs and other sea-
sonal variations, proceeded this week
at the fastest daily pace in history,
according to the sensitive Associated
Press industrial activity index.
The measure, with 1880 as 100.
scored its 18th consecutive weekly
rise, climbing to 1402. compared
with 1869 last week and 1857 a year
ago.
Automobile production dipped a
little more than is usual at this sea-
son. but observers pointed out that
production had been maintained the
last few months at a fast pace. so
that a more than ordinary decline
in assemblies at this time could be
expected
Steel mill production, proceeding
at top rates from the standpoint of
tonnage output, also was lower.
Cotton manufacturing activity,
however, rose to a new high level
for the year. Usually at this time
cotton mill production is tapering
slightly.
Electric power production, the
largest for any week in history. was
up more than customarily would be
expected
Residential building. under the
spur of new defense housing and the
fastest private home construction in
a decade, widened in scope Usually
new home building declines around
this time of year
Railway freight loadings showed
less than usually expected rise. Like
steel and automobile production.
however, railway freight loadings
have been proceeding at extremely
high levels. The latest weeks load
ings were the largest for any week
since 1880.
The industrial activity index. with
its components. and adjusted for
seasonal variations, compared as
follows.
Evening star., 1941-07-06
U. S. Hog Production Program
Exceeds Experts Forecasts

play last month, was Government
purchase since the program started
of approximately 100000 pounds
of cured and frozen pork, $4,000, 900
pounds of canned pork and l53,000,-
900 pounds of lard. Livestock ex-
perts estimated slaughter of about
46OO,OOO head would be required to
supply this amount of lard. This is
a little larger than the total kill in
May.
While the breeding and fattening
program has curtailed marketings
to some extent, the full effect of
last falls smaller pig crop. which is
now coming to market, was not felt
until June. In fact, hog market
ings expanded slightly up until the
first of last month and we're run
ming consistently ahead of a year
ago. Preliminary figures for June,
however, indicated receipts here
about 7 per cent less than in May
and 20 per cent less than a year
ago. Last years fall crop was 13
per cent smaller than that Of 1899.
Evening star., 1941-07-06
Mill Buyers Restrict
Purchases of Wool
Ry the Associated Press

BY the Associated Press.
BOSTON, July 5-The Boston
wool market received very little new
business during the last week. Mill
buyers restricted purchases to small
quantities needed to piece out stock
for current operations. They were
hesitant about making extensive
commitments in raw wool before
awards had been made on Govern
ment contracts.
Prices generally were about steady
to firm. Combing bright fleece woods
were quoted on grease basis at AZ
A cents for fine Delaine. 43-45 cents
for half bloods, and 46-48 cents for
three-eighths and one-quarter blood
grades.
Evening star., 1941-07-06
Department Store Sales
Advance 28 Per Cent
nv tte Assnr;ated prasx

BY the Associated Press.
The Federal Reserve Board esti-
mates department store sales in the
week ended June % were % per cent
higher than in the corresponding
week last year.
In the week ended June 81 sales
were II per cent above a year ago,
and in the four weeks ended June
% they averaged IA per cent more
than in the similar period last year.
BY Federal Reserve districts, in
creases in the week ended June %
over the similar week last year
were:
Boston. 90; New York, 81; Phila-
delphia. "a; Cleveland. 29 Rich
mond. 80; Atlanta. l9; Chicago. "a;
st. Louis, %: Kansas City. 18:
Dallas. 13, and San Francisco, II per
cent. No figure was available for
the Minneapolis district.
Evening star., 1941-07-06
Full i. !. Control
OF Copper Expected
By End Of Month
Defense Requirements
Of |, ,420, 900 Tons Are
Forecast by Mid-l942
BS tie Associated Press.

d. - Z E1sSOSidttu EIcSS..
NEW YORK, July 5.-Watchful
waiting became the by-word in the
copper industry as members met last
week with officials of the Office of
Production Management.
Marketers expected full Govern
ment control and supervision of
foreign and domestic distribution by
the end of July. One price. IL cents
a pound, also was felt to be in the
offing.
July market procedure, pending
official announcement, was to set
aside 20 per cent OF refined produc-
ton in the emergency pool for de-
fense needs.
Peacetime use of the red metal
would be drastically reduced since
! 100000 tons were estimated as re-
quired for defense purposes by mid
1912 whereas supply was calculated
at about 1650,000 tons.
Washington reports said negotia-
tions continued with Mexico regard
ing acquisition of needed metals and
commodities. Lead was believed to
be one OF the metals most required.
June consumption was estimated
at about 10000 tons and would have
been more if the metal were avail
able,
Zinc still was rationed at 7.25 cents
a pound, East st. Louis. The July 4
holiday will reduce steel operations
by about 8 per cent, some quarters
believe.
Plate makers are confused because
of conflicting deliveries for various
phases of defense. Shipyards are
receiving rush delivery.
The Government was expected to
take over deliveries of pig iron
shortly.
The scrap situation remained
tight with definite shortages noted
in some districts.
Evening star., 1941-07-06
Maryland Wheat Brings
Price Near 10-Yeur TOP
By the Associated Press.

BY the Associated Press.
MOUNT AIRY, Md. July 5.-The
first of the years wheat harvest.
sold this week, brought higher prices
than that paid at any time in the
last 10 years, with one exception.
Two growers, Charles E. Condor
Of the Woodville district, and Nathan
G.. Dorsey, Mount Airy, marketed
their crops for top figure of s1.02
a buShel.
officials of the Mount Airy Mill
ing Co. said the first of the crop to
be brought was of the best quality.
Records of the Mount Airy mill
show the following prices were paid
for the first wheat in recent years:
1888, IA cents; 1884. 80 cents; 1885,
80 cents; 1886, 98 cents: 1897. $l.23:
1888, 81 cents; 1899, 70 cents, and
1910, rs cents.
Evening star., 1941-07-06
Woodward Iron Co. Shows
Gain in Six-Month Net
BY the Associated Press.

BY the Associated Press
BIRMINGHAM, Ala, July g.
The Woodward Iron Co., merchant
iron manufacturers, reports net in
come for the first six months of
1941 of S920,018, equal to S2.75 per
common share on $4,000 shares
outstanding
For the like period of 1910. the
company reported net income of
1925 1876, equal to sat- per share on
298.201 shares then outstanding
The 1941 net income figure includes
provision for estimated excess profits
tax of S182.796.
Woodward operates three blast
furnaces. coke ovens and ore mines,
all in the Birmingham district.
Evening star., 1941-07-06
BY the Associated Press.


CLEVELAND, July 5.-The de-
fense construction boon caused
factory building costs to jump 10
per cent in the second quarter on
the index compiled by the Austin
Co, engineers and builders.
For the April-June period the
index advanced 10 points to l09-
largest increase since the United
States started its big armament
program.
The index, which charts labor
and material costs in construction of
typical one-story steel frame,
monitor-type plant, assumes 1926
costs represent 100 1t stood at 81
in the third quarter of 1910, climbed
to "a the next quarter and advanced
to 80 for the first quarter of 1941.
This latest advance reflects rec
ord-breaking activity for the ma
tional defense program and unprec-
edented pressure for construction
labor and material in certain areas
Evening star., 1941-07-06
Loan Association Has
Large 3-Yeur Gain

G. H. Ellingson, executive vice
president of the First Federal Saw
ings & Loan Association, announced
to patrons yesterday that total as
sets are now over s1O25O,OOO, which
is a gain of $7,25OOOO since the or
ganization was founded three years
ago.
The official also stated that the
association has paid s50OOOO in divi-
dends in the past three years. Dur
ing the past year there has been a
gain of s2,756 ,081 in assets, he added.
The association owns no real estate
because of unfavorable loans.
Evening star., 1941-07-06
Neisner Bros. Sules
Increase 10 Per Cent

BY the Associated Press.
ROCHESTER. N. Y, July s.
Neisner Bros, Inc, national variety
store operators, reported sales for
the first six months of 1941 were
OTIS ,3O7, compared with s9,798 l53
in the same period last year, an in
crease of 10 per cent.
June sales this year rose 1856 per
cent for a total of S2,021.9 .995, COM
pared with S1,857,314 in the like
1910 month.
Evening star., 1941-07-06
Wholesale Commodity
Level Rises in Week
BY the Associated Presa

BY the Associated Press.
The Bureau of Labor Statistics
reported yesterday an increase of
0.6 per cent in the level of whole
sale commodity prices for the week
ended June %, due largely to con-
tinued advances in prices of farm
products and foods.
The bureaus index now stands at
87.7 per cent of the 1926 average.
A year ago it was TIT.
Evening star., 1941-07-06
Weather Reports
Encourage Buying
On Cotton Market
Futures Close IS to IS
Cents q BoIe Higher
In Post-HoIiduy Trade
Ry The Assoclated Press.


NEW YORK, July 5,-Cotton fu-
lures closed Is to 35 cents a bale
higher after a holiday-lulled half
day of trading in which bullish
weather reports encouraged some
trade buying and covering. Traders
were reported awaiting the Govern
ment acreage report Tuesday and
details of the new loan program.
Professional buying late in the
session was credited with holding
prices at their best levels at the
finish.
No reports Thursday. Season so
far 1029476 bales: port receipts,
4,782; port stock, 3,270,235.
Popoe fol1or,e.
Evening star., 1941-07-06
Issue Is Authorized

The Northern Pacific Railway
received authority from the Inter-
state Commerce Commission yes
terday to issue s5.7OO.O0O of 2 per
cent equipment trust certificates.
The certificates will be sold at 99.274
per cent of par and accrued divi-
dends and the proceeds used to
purchase new equipment.
Evening star., 1941-07-06
Production of Hogs
Declines in Maryland
BY the Associated Press.

COLLEGE PARK, Md, July S.
Hog production in Maryland is in a
decline but still well above average.
The agricultural marketing serv-
ice estimated the 1941 spring pig
crop at 10000 pigs-13 per cent
less tnan last years but IA per cent
above the 1930-1939 average and the
fourth largest on record.
Evening star., 1941-07-06
iddling spot, 15.45 nominal.
New Orleans Prices.
Largest Ship Equipment
Order Placed With 6. {.
By the Associated Press.

BY the Associated Press.
CHESTER. Pa, July 5.-A sl6.-
100000 contract which officials term
the largest order ever placed with
one manufacturer for merchant
marine ship equipment has been
awarded to the General Electric Co.
by the Sun Shipbuilding & Drydock
Co., a spokesman said today.
The contract calls for power-gen-
Grating units, control and protective
devices for As turbine electric oil
tankers which Sun Shipbuilding will
construct under the United States
Maritime Commission program.
Evening star., 1941-07-06
Average Share Price
Rises Slightly in June

BY the Associated Press.
NEW YORK, July 5-The average
market price of all shares listed in
the New York Stock Exchange at
the end of June was S2707, COM
pared with $25.84 a month earlier,
the exchange announced today.
Evening star., 1941-07-06

chicago CaSh Market.
\, Wheat, No. > red. 1.05t4; No: 4, 1.O3;
Mixed. MG hsFf fo4is-. Io'i NO. NS 9, o4l loS' No.
Corn, No. | yellow, 74-74la: No. .,
a4Hcla: No, 3. a; No. 4 7212: sample,
oats. No No mxed mh.ts S beavy NO. 40: E. So No: red
heavy, ,3Sla; No. ! white, heavy, 3934;
No; .. 39s4; No. 3, 3sla-a4.
Soybeans, No, . yellow, LASH; No. 8,
.45-46: No. 4, As.
H., Bgckwheat,. No. 2. 1.3545 nom. per
Barley, mailing. 55-65 nom; feed and
screenings. 45-5J nom
Winnipeg Cash Market.
=, WINNIPEG, July ; GPl.-Wheat, No l
NortheTn, 5294: No. .. 70A: No. 3. 67l2.
OATS No. ? white, 40f1s; No. 3, 3SH.
Evening star., 1941-07-06
Wheat Prices Decline
About Cent a BusheI
On Heavy Receipts
Hedging Sales Against
Old and New Crops
Account for Pressure
BY FRANKLIN MULLIN,
Associated Press Market Writer.

CHICAGO, July 5.-Accumulated
receipts in the wheat belt over
holiday during which there was no
let-up in harvest or movement OF
the crop gave the futures market
enough selling today to lower prices
about a cent bushel.
Hedging sales against both new
and old wheat acquired by CONNER
cial interests accounted for the bulk
of the pressure. This was offset by
mill buying associated with improved
flour business in some localities. War
news tended to restrict market ac-
tivity.
Wheat closed 8s-7s lower than
Thursday, July, 1885: September,
l.04 As; corn, unchanged to Is off,
July, 1914; September, 1888; oats.
1s-3s down: soybeans, 14-13s higher;
rye. unchanged to 3s lower and lard,
unchanged to higher
Hedging Offsets Buying.
Although most new grain flowing
to market was not for sale, going
into storage due to Government loan
rates which are about 10 cents
higher than prices. there was enough
hedging to more than offset meager
speculative buying Both new and
old wheat, due to the simultaneous
movement in many sections of the
belt, were going into commercial
hands, with mills reported active
buyers of old supplies.
Receipts at the IL principal termi-
mails totaled 7,087,000 bushels COM
pared with only 3,226,OO a week ago
and 4,505,000 year ago. Kansas
City had 1,769 cars, largest for the
season to date, while Minneapolis
and Duluth received 1,709 cars of
old compared with only 609 week
ago and 1913 year ago. Much of
the old wheat was Government grain,
which is not for sale except under
certain limited conditions.
Buying also was based on the re-
port of a crop expert who said heat
and rust had caused some kernel
shrinkage in Northern Illinois and
adjoining sections of Iowa and In
diana.
May Affect Volume.
While the peak of the new wheat
movement is not expected to be
reached for week or so, grain men
expressed keen interest in reports OF
expansion of farm storage facilities
in some areas. Some said this NAV
have an effect on marketing volume.
Corn trade was quiet, with price
fluctuations confined to only 1s-1a-
cent range. Government offering
prices remained unchanged at
around the spot market level. Oats
trade also was slow, while rye eased
with wheat. SoybeanS were about
cent lower at one stage but then
rallied sharply due to short covering.
Lard was strengthened by Gov
ernment purchases of 100000
pounds, 1,775,0OO pounds of cured
and frozen pork and 1854 900 pounds
of canned pork.
Grain range at principal markets
yesterday:
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1941-05-28
ASST. SECRETARY
WOULD SPIKE
TAX D0DGIhG

WASHINGTON - (FP) - Excess
profits taxes based solely on return
on invested capital were advocated
by Asst. Sec. of the Treasury John
L. Sullivan before the house ways and
means committee here May 10.
He revealed that under the precent
excess profits tax law many corpora
tions making huge profits will not
even be touched.
zone company" he said, whose
profits in 1910 were more than 10000
larger than in 1899 is subject to no
excess profits tax whatever on 1910
earnings and this is a company which
has thus far received over S70,000,000
OF defense contracts.
"A large industrial company which
has received over $3.50, 100000 of de-
Tense contracts and had earnings in
1910 of nearly 200@o larger than in
1899 will pay no excess profits tax.
1T appears that only five out of the
IL large integrated steel companies
will be subject to excess profits tax
Continued on Page Two)
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1941-05-28
DEPT. OF JUSTICE
TO INVESTIGATE
FOOD MONOPOLY
BY JEANNETTE RANKIN

A development of interest to the
farmers of the country took place in
Congress this week. The House of
Representatives added $750,000 to the
appropriation for the Department of
Justice for the express purpose of
enabling the Antitrust Division to
investigate thoroughly some of the
problems affecting the distribution of
farm products-to determine why the
farmer does not get his proper share
of the consumers dollar in the dis
tribution of farm products.
When the bill came to the Senate
appropriations committee, that body
struck out the $750,000 item. How
ever, when the bill was reported to
the Senate a large number of mem
bers of that body, from farm districts,
put up valiant fight.
They called attention to the fact
that all available reports indicated
that the farmers share seldom rises
above so percent of the consumers
dollars but frequently falls below 20
percent and even below 10 percent.
Government figures show that from
1918 until today the farmers share of
what is paid for farm products by the
consumer has been steadily growing
smaller and smaller.
One senator told of the farmers in
the South who raise potatoes receiv-
ing a net price of 35 cents per 100
pounds. However, when the public
buys these same potatoes at the store
they pay $425 per 100 pounds for
them.
OF course, such a difference be-
tween what the farmer gets and the
consumer pays is absolutely criminal,
and members of the Senate agreed
that something must be done. So the
Assistant Attorney General, in charge
of the Antitrust Division has been
given the $75O,0OO by both House and
Senate to see If the farmer cannot
be guaranteed his share of the ma
tional income.
UNLESS the government, through
the Antitrust Division, undertakes
this work of protecting the farmer
from the adverse effects of combina-
tions which deprive him of proper
share of the consumers dollar, all our
Continued on Page Four)
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1941-05-28
LABOR DID
WORK SAYS
FLEMING
National Administrators of
Wage-Hour Act Takes Issue
With President of NAM;
Claims Increased Production
Should Be Credited to Labor.

WASHINGTON.-(FP) - Anti-labOr
statements in a recent talk by the
president of the Natl Assn. of Manu-
facturers were cited by Philip B.
Fleming, administrator of the wage
hour division, in a speech May 20 be-
fore the Southern Master Printers
Federation of Birmingham, Ala.
walter D. Fuller president of the
Curtis Publishing Co. and president
of the Natl. Assn. of Manufacturers,
is one of those who believes the
straight-time work-week should be
heightened" said Fleming. yet it
would appear that even Fuller is con-
WINGED that, wage-hour or no wage
hour law, we have not done too badly.
In a recent address at Philadelphia,
he said:
More than two and three quarter
billions of dollars already have been
spent in plant expansion. The ma
chine tool industry, natural bottle
neck has increased production by
2,000% over the depression low.
BY 1912 the airplane industry will
have outstripped the production pro-
gress made by the automobile indus
try in 80 years. Ordnance produc-
tion-part government-has been ex-
banded 100000 over the average of
the last 20 years.
Small arms output increased L.
000% in 8 months. One hundred 49,
ton tanks are now being produced
each month. Twenty-one new powder
plants are almost ready for produc-
ton. In 10 months we have absorbed
10 billion dollars worth of orders; $3.50
of, the orders are already in produc-
ton and our February survey shows
that $3.50 of the manufacturers ex-
pect to deliver on or before contract
delivery date
Il have not checked these stagger-
ing figures, but | dare say they are
correct. Such achievements could
not have been made without the toll
of American labor. But Fuller gives
all the credit to industry, no credit
whatever to labor"
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1941-05-28
TRESPASSINC AT THE CAPITAL
BY A. I. HARRIS

/ ports, Japan is so badly in need of oil,
that, some military authorities say
she would be in a hopeless condition
to carry on major war today were
! her oil supplies from the United
States cut off.
| We learn by trial and error but how
many trials and errors does 1t take
before the democracies learn the les
sonl Isn't it about time that we
really got tough, in deed as we'll as
word?
Wants Living Costs Committee
Rep Casey, Massachusetts liberal,
wants the House to set up commit
tee to investigate living costs, be
cause the consumers of America have
no organized lobby in Washington to
exert pressure in their behalf, and be-
before whom they can bring their
problems and their protests"
There are several things about liv-
ing costs which Casey says he cannot
underestimate is it that he under
stands them only too well? Why does
it now cost $25 to bring ton of
burlap from Calcutta to this country
as compared to $3.50 a ton in 1899?
Or so cents hundred pounds of sugar
from Cuba as against 10 cents in
1893? Certainly the costs of operat-
ing ships have not gone up four tines
Has the Maritime Commission been
derelict? When drug such as BELLA
donna goes up in price 1000 percent,
Casey wonders whether somebody
isn't taking advantage of situation.
Costs of cotton yarns, cotton cloth,
and cottonseed oil have been rising
steadily, but the farmer who produces
the raw cotton is getting very little
more. And so it is with worsted fib-
RIGS, lard, certain canned goods, and
other commodities. The prime pro-
Queer, as usual, is getting the worst
OF the deal.
Leon Henderson's office is trying
desperately to do something about
Continued on Page Two)