davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-06-22
Mexican Purchases
Urged 10 Relieve
Lead Shortage
Domestic Production
Held inadequate for
Big Consumption
2! the Associated Press.

r. tHt HSSOCidttu EicSs'
NEW YORK, June 21-Trade in
terests expressed the opinion during
the week that the demand and con-
sumption of lead had reached the
point where a shortage existed.
The purchase of lead in Mexico
through the Metals Reserve Co., a
Government agency, has been sug-
gested as a solution to the problem.
BY this method the tariff on re-
fined lead imports would be elimi
mated and shipments by higher cost
rail would detour the ocean shipping
shortage. 1t was believed the tariff
saving would prove an incentive to
needed higher production in Mex
leo.
Current estimated lead consump-
ton is about 10000 tons per month,
a record rate. The price continued
at 5.85 to $50 cents a pound, New
York, and $40, st. Louis.
Stocks at New Low.
Domestic stocks of refined lead at
the end of May established a new
low but shipments attained a
monthly high record, the American
Bureau of Metal Statistics an
nounced today.
Stocks were 34,018 tons. decrease
of 1881 from the AZ. .899 tons on hand
at the end of April. May deliveries
amounted to 69,382 tons, a gain Of
1928 over April shipments of 59,l69
tons.
Foreign refined lead imports used
in domestic market were not in
cluded in the figure. Their inclu-
sion would have lifted May de-
liveries to approximately 10000 tons
or more.
Copper Is Released.
Copper interests finally received
word from Washington releasing
allocations of the 20 per cent of
April production for June defense
needs. Zinc sellers were advised
that in July an amount equivalent
to % per cent of May production
would be set aside for the emergency
pool.
The red metal was quoted at II
cents a pound, Connecticut Valley,
while custom smelters adhered to
1917 cents. Some foreign business
was transacted at ii cents, I. a. s.,
New York.
Zinc supplies were rationed at
7.25 cents pound, East st. Louis.
Steel Men in Doubt.
Steel authorities sought Sug-
gestions as to preferential treatment
regarding civilian consumers as de-
livery dates became more obscure.
1t was indicated full priority regu-
lations may be necessary for pig
iron since the situation has become
more acute.
Supplies of scrap are insufficient
to meet the heavy requirements of
virtual capacity ingot operations
and some interests feel that certain
steel mills may be forced to curtail
activities because of the shortage.
Evening star., 1941-06-22
Three Large Groups
To Bid on New York
Utility Issues
S. E. c.. Competitive
Plan to Be Followed
For First Time
BY the Associated Press.

-
NEW YORK, June 21.--At least
three major syndicates ere expected
to compete Monday for the SAT-
600 900 of New York State Electric
& Gas securities.
Bids will be opened in the COM
pany's Offices in the first demonstra-
ton Of the operation of the compul-
sorry competitive bidding rule for
the sale of public utility securities.
First Boston Corp, Halsey, Stuart
& Co., and Blyth & Co., INC, will
head The groups.
On Tuesday the Philadelphia COM
pany will consider tenders for $780,
600 900 of new securities under the
new rule while New York State will
seek bids on an issue of SIS 100000 of
serial bonds.
Chase National Bank, the Ma
tional City Bank, the Bank Of the
Manhattan Co, j. P. Morgan & Co..
and Lehman Bros. are expected
to mead. respectively, the groups
bidding Tor the State issue.
Evening star., 1941-06-22
July Increase Predicted
In Crude Oil Demand
BY the Associated Press.

BY the Associated Press.
The Bureau of Mines yesterday
forecast the July market demand
for domestic crude oil at 1l9.260.-
600 barrels, or 3,847 100 barrels
daily.
This was 17,100 barrels higher
than the estimated daily demand
for June and 6 per cent above the
actual demand for July, 1910.
The bureau estimated July crude
oil exports would amount to $780,
600 barrels, against actual exports
of 5,607, 900 in the same month last
year.
Domestic demand for motor fuel
in July was estimated at $4,000, 900
barrels, an increase of II per cent
over the abnormally low actual de-
mand in July, 1910, but an increase
of 10 per cent over the bureaus
estimated normal for that month.
Evening star., 1941-06-22
Stocks Steadier
AT Week End;
Trading Lags
Many Pivotal Issues
Gain Moderately;
Others Uneven
WHAT STOCKS DID
Total issues -
By BERNARD S. O'HARA,

Associated Press Financial Writer
NEW YORK, June 21-The stock
market today finished a desultory
week with tendencies toward steadi-
ness
While plus and minus signs were
pretty evenly divided at the close
of the brief proceedings, it was
noted that many pivotal issues
emerged with modest advances.
Bullish forces found some en-
couragement in the drying up of
offerings after yesterdays relapse
and a little bidding was attributed
to the idea the market again might
have reached a sold-out condition.
1t was one of the Slowest sessions
of the past year, transfers of 125 200
shares comparing with 1913 $40
week ago. The turnover actually
was the smallest since MAY 81. The
Associated Press average of go
stocks was unchanged at Ala. the
exact figure at which it started last
Monday. A month ago the COM
poSite stood at 1913 and year ago
at 412.
Buying Restricted.
Principal subject of discussion in
Sparsely populated boardroomS-
many customers now observe Satur-
day as a holiday-WaS the PreSl-
dents message TO Congress released
Just before Fridays close. Most
thought that while the commune
cation had Scant effect on trends.
it served to keep many potential
buyers in the background on the
idea the United States might have
taken another step toward a shoot
ing war with the Axis powers. 9th
erS apparently favored a do-noth-
ing policy pending solution of the
German Russian riddle and more
light on domestic taxes and buSi-
ness.
Stocks on the upside included
U. S. Steel, Bethlehem. National
Steel. Sears Roebuck. Woolworth,
American Telephone. Southern Pa
cific. Kennecott, American Car &
Foundry. American Locomotive Pre-
ferred. Standard Oil of Calf. Ar
mour Preferred, Douglas Aircraft
and Caterpillar Tractor.
American Airlines was a weak
spot. dropping 27~ points to Ala,
not far from 194l bottom. A shade
behind were Chrysler, Westinghouse
Consolidated Edison, international
Harvester and Anaconda.
Curb List Uneven,
In an uneven curb Glen Alden
Coal, Niagara Hudson Power and
Humble Oil edged forward while
Consolidated Gas of Baltimore,
Lake Shore and Jones e. Laughlin
eased. Volume here approximated
27,000 shares versus $4,000 last Sat-
urday.
The big Board" dipped a trifie
Monday as the rift between Wash
ington and Berlin widened with the
freezing" of European assets in
this country and the expulsion of
all German consular agents from
the United States. Heavy buying
of senior stocks impaired recovery
animation to other groups Tuesday.
The list continued to point upward
Wednesday although a late retreat
was touched off by word a Ger
Turkish friendship pact was
in the making. The market got
nowhere Thursday. 1t reacted sub
stantially on light dealings Friday
as the financial sector awaited the
Presidential message.
Evening star., 1941-06-22
New Record Set
By Building and
Loan Assets
Additional Increase
OF $500, 900 Reported
During May
BY EDWARD c. STONE.

With a gain of S500,O00 during
May, combined assets of Washing
tons building and loan associations
reached another new high mark,
according to a compilation made
yesterday by F. Wilson Camp, sec
retary of the District of Columbia
Building and Loan League.
His report revealed combined
total of Sl63,O32 OFT at the close
of business May 81, or an increase
of $l2 ,569 1896 over the correspond
ing period a year ago. Nearly all
of the gain was reflected in first
mortgage transactions, Mr.. Camp
said. with new share money keep
ing pace with the loans advanced.
Surplus and reserves increased
$1,500,000 during the u months, now
being in excess of $l2,675,000 At
the same time rediScountS from the
Federal Home Loan Bank and other
agencies dropped from $2.437 800 in
1910 to S1646 O39 this year.
From the standpoint of loan ac-
tivity. May was easily the banner
month for several years. More than
S535O.000 in mortgage transactions
was registered during the month
against S4275,000 a year ago. OF
this sum, nearly S4000000 was for
new construction and for houses
not previously financed, Mr.. Camp
stated.
District Trade Gains Top List.
The Federal Reserve Board re-
ported yesterday that department
store sales in the fifth district, which
includes Washington, gained 20 per
cent in the first five months of this
year over the like 1910 period, the
best trade pickup in any of the u
Reserve districts. The record is
partly due to a 40 per cent gain in
Norfolk in May and a Oh per cent
jump in April, making 48 per cent
upswing in the five months.
May sales in the fifth district.
up % per cent over MAY, 1910, were
! per cent behind the St. Louis and
Dallas areas. Percentage conlpari-
sons by districts for May and the
five months with the like periods in !
1910, follow:
Evening star., 1941-06-22
BY the Associated Press.

BY lne Associated freSS.
NEW YORK, June 21.-Limited
activity in textile markets this
week was dictated not by lack
of demand. but by the amount of
goods sellers were willing to re-
lease.
Woolen mills are booked to Ca
pacity for many months to come;
cotton goods mills were put on
guard by fears of government price
ceilings, and rayon weavers were
inconvenienced by shortages of
yarn supplies. 1t is not surprising,
therefore, that day-to-day business
in all branches was light.
Even with these obstacles, Worth
Street observers estimated 10000
900 yards of print cloth yarn goods
were sold in the five-day period,
or an amount roughly equal to 80
Evening star., 1941-06-22
Chief of Baltimore
Steam Packet Quits
BY the Associated Press.

BY the Associated Press.
NORFOLK, Va, June 21.-Legh
R. Powell, jr., one of the two re-
ceiverS of the Seaboard Air Line
Railway. resigned yesterday as presi-
dent of the Baltimore Steam Packet
Company, and R. E. Dunn, who has
been serving for several years as
vice president of the line, was elected
president to succeed him, it was
learned here.
The action was taken at meet
ing of the board of directors in Bal
timore.
Powell said that he resigned the
presidency because the line. which
is completing a consolidation with
the Chesapeake Steamship Line, now
has other rail interests in its owner
ship and he felt that it should have
an impartial presidency.
Evening star., 1941-06-22
Textile Markets Are Slowed
As Sellers Curb Offerings

per cent of current production.
Prices on popular numbers we're
hiked another "a to Y cent a yard.
Combed lawns were marked up
sharply in expectation of large
Government orders for material
to manufacture powder bags for
both England and the United States.
Bids on 17,684:O00 yards of woolen
and worsted cloths and 100000
additional blankets dominated WOOL
en- piece goods markets. These
large Government contracts were
expected to tie up production
facilities for the remainder of the
year and longer.
There was brisk demand for all
types of rayon woven goods, but
inadequate supplies due to cur
tailed imports of yarn from Great
Britain.
Evening star., 1941-06-22
Construction 10 Be Started
On Pipe Line 10 Canada
BY the Associated Press.

by tne ASSoClaIeu Fress-
NEW YORK, June 21.-Two crews
will start construction at Gorham,
N. H.. next week on the new pipe
line to transport crude oil from
Portland, Me, to Montreal. Que.
Canada, officials of Portland Pipe
Line Co. said today.
Standard Oil Co. IN. j. organ
ized the Portland Pipe Line Co.
to build the American portion of
the line. Montreal Pipe Line Co.,
another subsidiary, will construct
the Canadian section.
The line will cost about So, 600, 900,
will use about 32,700 tons of pipe
and as many, as six crews may be
engaged so as to insure completion
Of pipe-laying by October /. The
line is scheduled to 60 into opera
ton December !.
Evening star., 1941-06-22
National Power Plans
Sole of Subsidiary
b. the Assoc cciated Pres!

b. the Associated Press.
National Power IL Light Co. has
advised the Security Commission of
a plan for disposing of its control of
Houston Lighting & Power Co.
through an exchange of stock.
National Power, a major holding
company in the Electric Bond and
Share system, owns the entire out
standing 100000 shares of Houston
Lighting common stock This stock
would De offered to holders of Ma
tional Powers outstanding 279, ,71s
shares of IS preferred stock on an
exchange basis which has not yet
been determined.
Evening star., 1941-06-22
Cotton Futures Rise
9 10 Il Points as
Supply Dwind|es
Shortage Of Contracts
Boosts Prices to Peck
Since March, 1887
BY the Associated Press.

NEW YORK, June 21.-Cotton fu-
lures advanced to II points today
as a result of a more acute shortage
of contracts. The advance was to
the highest level since March, 1887.
Sales of print cloths and related
items in the Worth Street goods
market during the past week were
estimated at 100000 yards or ap-
proximately 80 per cent of current
production. Threat of price ceilings
held down the volume as did scar
city of available goods for spot and
nearby delivery.
Exports Friday, none. Season so
far, 1,O12,624 bales; port receipts,
II 784. port stocks. 3297,263.
Evening star., 1941-06-22
Bankers Plan Special Meeting.

BANKERS ran SpeCldl Mcttihs.
T. Stanley Holland, president of
the District Bankers Association,
announced yesterday that a special
meeting of the association will be
held Tuesday afternoon at $3.50 at
headquarters for discussion of re-
cent fund-freezing regulations.
David Bornet, vice president of
the National Savings & Trust Co.,
is chairman of a committee ap-
pointed several months ago to study
and interpret executive orders and
Treasury regulations on the sub
iect of property of invaded foreign
countries and nationals thereof.
The matter is of special i'm
portance to the banks in the
Nations Capital and Mr.. Bornet
will be assisted in answering ques-
tions by two officials from the
Treasury.
Cost Accountants to Meet.
Washington Chapter, National
Association of Cost Accountants,
will send 25 delegates to the ma
tional convention in New York this
week. Among the delegates will be:
William H. Slattery. controller of
the Post Office Department.; James
3. May, controller of Southern
Diaries, Inc; John L. Mitchell, con-
troller. Shannon & Luchs, Inc; C..
Vernon Hill, controller of Barber &
Ross Co.; John j. Macdonough of
Walcott, Taylor & Co.; A. L.
Williams, Western Electric Co., and
Robert w. King of the Farm Credit
Administration.
Special attention will be given the
defense program and the problems
it presents to American business.
DR.. Stacy May, director of research
and statistics, Office of Production
Management, will speak on Tues
day on defense.
Porter Membership Chairman.
Stephen o. Porter, Riggs Nation
al Bank, has been appointed chair
man of the Membership Committee
of Washington Chapter, American
Institute of Banking, by John M.
Christie, chapter president, it was
announced yesterday. Mr.. Porter
has been active in the chapter and
during the last year served as
Chairman of the Entertainment
Committee. He is graduate of
the institute.
Hawley Smith New Director.
J. Hawley Smith of the Floyd E.
Davis Co., real estate firm. has
been elected member of the Board
of Directors of the Columbia Perma-
nent Association, it was announced
yesterday. Mr.. Smith is promi-
nently identified with the Washing
ton Board of Trade and is brother
of Fred A. Smith, the president
this year, who is a vice president
of the Lincoln National Bank.
Loan Students To Graduate.
Members of Washington Chapter,
American Savings and Loan In
stitute, will join with the Federal
Home Loan Bank Chapter in COM
mencement exercises Tuesday even
ing at the Kenwood Country Club.
A banquet will start at 7 o'clock,
with Attorney Walter BaStian as
POSTMASTER. Dean Elmer L. Kayser
of George Washington University
will speak on Current European
Events" C. Edwin Kline is chapter
president.
Dinner For Schram Draws 500.
The dinner for Emil Schram, new
president of the New York Stock
Exchange at the Commodore Hotel
in New York, next Wednesday,
will be attended by 1900. Every
ticket has been sold, it was reported
yesterday.
Evening star., 1941-06-22
McKesson Files
Statement for
New Issues
,y the Associated Press.

McKesson & Robbins, Inc, New
York, filed a registration statement
with the Securities Commission yes
terday covering s13,700,000 of Is
year sinking fund debentures due
July l, 1856. and $4,000 shares of
cumulative preferred stock, 500 par
value.
Evening star., 1941-06-22
Big Gain Seen in Net
Of Pere Marquette
Py the Associated Press.

CLEVELAND, June 21.-Pere Mar
quette Railway today reported May
net income of S310,983, after all
charges, an incrase of s268, 1877 from
May. 1910. The five months net of
ST, 1,494 1856 was a gain of $907,042
Evening star., 1941-06-22
Odd-Lo Dealings
BY the Associated HTeSS.

The Securities Commission reported yes
terday these transactions by customers
New York Stock Exchange for June 20:
S43 purchases involving 1868 shares;
. 130 sales involving 56,614 shares. in
cluding % short sales involving 1,05O
shares.
Evening star., 1941-06-22

New Orleans Prices.
NEW ORLEANS, June II P.-Cotton
futures established new seasonal highs
again today on heavy trade buying. Clos
ing prices were steady. to points net
hiphnr
Evening star., 1941-06-22
Trade Reports at a Glance
Special Dispatch to The Star.

NEW YORK, 21-Tablod business reported by
divisions wholesale and jobbng,
retail trade manufacturing and industry and collections This week
compared with the corresponding equal
good above; slow below
Evening star., 1941-06-22

CHICAGO Cash Market.
Wheat, No. l. hard, .O2A; No .. hard.
.weeviIy. 1009.; No. 3, hard, 9924; No. ?.
mixed so11. 0i b.av2 M0 ds Nc Corn n North No
yellow, rs; No. 9, 74s4 sample grade
yellow, 1912; sample, mixed. II. Oats,
No. 1. mixed, heavy. 3694-37H2; No. /.
white, 37H2: No. !, white, heavy. 37l2;
No. 2. white. 37H: No. 2, white, heavy.
37k-ss: No. 3, white. 3671; sample grade.
white, 35-3534. Barley 57-67, nominal;
feed 40-53. nominal: screenings. $3.50,
nominal; No. 3, mailing, barley, C60.
Evening star., 1941-06-22
Wheat Prices Score
Moderate Gains on
Chicago Market
Climb About q Cent;
Soybeons and Lord
At Four-Yeor Peoks
By WILLIAM FERRIS,

CHICAGO, June 2l-W h
moved up about a cent a bushel in
moderate trading in today's short
session. deriving strength from soy
bean and lard quotations, which
advanced to new high marks for
the season and to the best levels
in four years.
Lack of hedging sales at the
slightly lower opening encouraged
professional buying in the wheat
pit. Some purchases by milling in
terests were also reported. However.
demand remained comparatively
cautious in view of trade reports
that larger receipts are expected
at Southwestern terminals at the
start of next week.
Wheat closed - to IS cent higher
than Friday, July 10l 2s-A, Sep
tember 103 1s-103. Corn ended y
to l cent higher, July 1884, Septem-
Der 761s-14; oats 4 to IS cent
higher; soybeans is to 21s up; rye
"a to cent higher; and lard 7l2 TO
10 cents higher.
Harvesting Is Splendid.
Trade reports said that harvest
ing in Kansas was progressing
rapidly. outstripping some sections
of Oklahoma and Texas. Some
southwestern points are anticipat-
ing receipt of 1000 wheat cars after
the week end. Grain thus far re-
ceived is reported as high grade
and without a high moisture rating.
Skies were clear in the south
western wheat area today and only
scattered showers were forecast for
that section over the week end
A fair demand credited to ship
ping interests, professionals and
some of the leading commission
houses pushed corn prices higher
The December contract sold at a
new seasonal high. The quantity of
corn under Government loan on
June IA, it was reported today,
totaled 102, ,136, ,342 bushels, an in
crease of 100000 bushels for the
week.
SOybean Offerings Scarce.
An absence of offerings in the
soybean pit was particularly evi-
dent as stop-loss buying orders were
uncovered. Strength in beans was
credited to the firm tone in COM
peting products. Traders said the
recent gains in soybeans could also
be partly attributed to rising prices
for Soybean oil and soybean meal.
A firm undertone developed in
oats, but the trading pace was SLOW
Some improvement in shipping de-
mand was noted.
Lard contracts were at the high
est levels since 1887. Buying by
eastern interests was said to have
contributed to the upturn.
Grain range at principal markets today:
Prev.
High. Low. Close. close.
Chicago l.O194 1.0Oh LOIS 1.OOss-b
Minneapolis 9Sss ~ .9S3s ~
Kansas City .s3hs .9ls. .a2k .a2
Winnipeg .71h .71Ia
Evening star., 1941-06-22

WINNER Cash Market.
WINNIPEG. June q (E1.--Wheat. No.
/, Northern. TN: No. =. 747s: No. 3,
f1A. Oats. No. 2. white. 711a; No. 8. II.
The Waterbury Democrat., 1941-02-28
BLIND MUSICIANS
 IN CONCERT HERE
John J. Duffy, Antonio J. MartOne to Make Third
 Annual Appearance

John J. Duffy and Antonio J. Martone, blind musicians who have been heard here during the past two seasons, will make their third an- nual appearance in a joint recital at the Waterbury Women's Club on Friday eevning, March 28th at 8:15.
 MT. Martone is a native of Wa terbury, He is a musician of excep- tional ability, possessing rich tenor voice, playing the violin with a vir- tuosity difncult to find in musicians without sight. Upon his completion of the prescribed course of study at the Connecticut School for the Blind in Hartford in 1907, MT. Mar tone went to Perkins Institution and Massachusetts School for the Blind then located at South Boston, Mass. Upon this graduation from there in 1911, he took postgraduate work both ct Perkins and the New Eng land Conservatory of Music in Bo6- ton. From 1912 to 1914 he was en- gagged as Instructor of Music at the School for the Blind in Hartford. Since that time he has been doing musical work in and around Boston, and since 1886 has been associated jointly with MT. Duffy in recitals throughout Connecticut.
 M. Dufy graduated from the Connecticut School for the Blind in Hartford in 1918, and continued his studies at the Perkins Institution for the, Blind at Watertown, Mass, the Yale University School of Music in New Haven, and the New Eng land Conservatory of Music in Boston. He is now in his twentieth year of recital work As in his cus- tom he will present works of con- temporary composer on his program including a group of songs by Amer ican musicians.
The Waterbury Democrat., 1941-02-28

DISTRICT OF WATERBURY, ss.
 PROBATE COURT, February 18th,
 A. D. 1941.
 ESTATE OF LILLIAN M. HALL. late of the Town of Waterbury, in said District, deceased.
 The Administrator, having exhib- ited his account with said estate to this Court for allowance, it is
 ORDERED. That the 8th day of March, A. D. 1941, at g o'clock. in the forenoon, standard time, at the Pro- bate Office in Waterbury, be and the same Is, assigned for a hearing on the allowance of said account, and the Court directs the Administrator to give notice thereof, by publishing this order one time in some newspa- per having a circulation in said Dis trict, and by leaving with, or by mailing in registered letters ad- dressed to each of the persons inter- ested, and residing without the Pro- bate District of Waterbury, copy of this order, all at least 5 days be. fore said diay of hearing.
 Attest:
 JOHN J. HOWARD. 2-2s,lt Clerk.
The Waterbury Democrat., 1941-02-28
NOsaI1Ogar Lodge

All odd Fellows in Waterbury are invited to attend an entertain ment Tuesday night in odd Fel- lows Hall. given under the spon- sorship of Nosahogan lodge, odd Fellows. The invitation includes the families Of members, and friends.
 The Ooncordia Ladies Chorus will feature the program. Mrs. Raymond Snyder is president of the group. and Helen L. Heber will be the acconipanist.
 others taking part in the pro. gram are: Marcel Doucette, tenor Eugene Oviatt, pianist; Marie Gaug, soprano and Herta Bother and Helen Snyder. duet.
 Bernard c. Kluttig is chairman for the affair.