davidaulloa/AmericanStories huggingface dataset:
Evening star., 1942-03-15
Stocks Uneven
After Another
Poor Week
Fractional Advances
And Losses Mixed
Through List
BY BERNARD S. O'HARA,
Associated Press Financial Writer.

BY BERNARD S. OHARA,
Associated Press Financial Writer.
NEW YORK, March 14.-Stocks
emerged from another bad week to-
day with trends indecisive.
Recoveries were well sprinkled
over the list at the start of the brief
session, but steels, motors and rails
inclined to lag. Plus and minus
signs OF fractions were pretty well
divided at the close.
The war news still was too cloudy
to provide much of bullish prop,
brokers said, while tax prospects and
business developments were suff1-
ciently sketchy to keep many po-
tential buyers in the background.
AS in the preceding session, such
bidding as appeared was credited to
the belief the lengthy market de-
cline was due for a turnabout.
Average OFF Slightly.
|. The Associated Press average of
60 stocks was off OIL of a point at
34.4, where it was only OIL above the
lowest mark in nearly four years.
On the week the composite showed
net decline of 08. Selling pressure
never was in evidence and transfers
totaled only 17464O shares, second
smallest two-hour turnover since
last August. The aggregate a week
ago amounted to 271 $50 shares.
Rails remained stymied by the
outlook for boosted freight rates on
certain commodities being post
poned. Motors were subjected to
some profit taking on yesterdays
runup.
The days even-Steven performance
was exemplified by the fact that. of
SOP individual issues traded. ITS we're
down, l53 up and l74 unchanged.
Sink to New Lows.
In the new low class were such
stocks as American Airlines, Texas
Co, Chesapeake & Ohio, Allied
Chemical and American Can.
Minor losers included Santa Fe,
Bethlehem, General Motors. Kenne-
colt, Goodyear, Western Union and
Johns-Manville.
On the upside were American
Telephone. Phelps Dodge, Standard
Oil New Jersey, Pepsi-Cola, United
States Rubber, United Aircraft and
j. c. Penney.
Among losers in spotty curb
were Creole Petroleum. American
Gas and American Cyanamid. Mod
est gains were shown for Humble
Oil. Standard Oil Of Kentucky and
Pittsburgh Plate Glass. Volume here
was around 4l,000 shares versus S.
COO last Saturday.
Taxes, fears of reduced or passed
dividends and apprehension over in
ternational affairs helped depress
prices on the big board through most
Of the week. The market held its
own Monday, but on average, slipped
to p new bottom since March 81,
1898, Tuesday. The retreat was ac<
centuated Wednesday. There was
some resistance Thursday and mild
comeback Friday when the idea
began to revive that the slide may
have gone too far.
Evening star., 1942-03-15
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March 14.-In whole
sale markets new order activity
was slower and the major emphasis
was on deliveries, according to a
survey by Dun g. Bradstreet, Inc.
Shipments continued to run be-
hind schedule in number of
lines but total volume. substantially
above a year ago, held up surpris-
ingly well in view Of the frequent
reports of materials shortages. De-
spite large initial orders, recorders
continued to arrive on seasonal mer-
chandise.
The number of buyers in central
markets was said to be sharply above
other years at this season, rejecting
the need to check frequently with
supply sources as well as the desire
Of retailers to make early prepara-
tons for summer and fall.
wholesalers generally had fewer
statesmen on the road and retailers
who would normally wait for sales
men to call were doing more buying
in wholesale houses and at regional
shows.
There was evidence Of strong IN.
terest In fall covering but OF q
highly selectivs nafure and generally
Evening star., 1942-03-15
United Fruit 10 Increase
Production Of Hemp

BOSTON. March 14-The United
Fruit Co. contemplates planting ap-
proxinately 10000 acres of abaca in
Panama and Costa Rica in the next
two years to help Offset the loss OF
Manila hemp produced in the Philip
pines and the Dutch East Indies.
The company said in its annual
report last night that the fiber OF
the abaca plant, which comes from
the banana family. is used for the
production of hemp.
Prior to the entry OF the United
States into the war, the fruit COM
pany had planted and brought to
maturity approximately 1000 acres
of abaca.
The company reported that its net
income for 1941, after depreciation,
property losses. taxes and provision
for losses of continental Europe as
sets and before provision for the
amount added the reserve for con-
tingencies, was S15.442 SOB, equal to
$500 a share on 1924 300 shares of
common stock outstanding.
The 1910 net was s1492o,736, equal
to $50 a share on 2,925,000 shares
outstanding.
Evening star., 1942-03-15
Army to Place Huge Orders
For WooIen, Worsted Goods
74,1s2,000 Yards of Cloth, 100000 Pairs
Of Socks, 10000, 900 Blankets Included

priority ratings took most available
supplies. Bids are expected to be
opened next week on 100000
towels and 100000 bed sheets. That
will be in addition to the print
cloths moved to cover beds on cotton
comforterS.
The bag material shortage was
brought home by hike in the
priority on cotton bagging. The
feed and fertilizer trade has felt
pinch in the supply of burlap.
The rayon goods market was
quiet. ALLEGATION of fiber to the
wooden trade was larger than ex-
pected, and some mills considered
running on cotton staple due to a
shortage of rayon YARN.
Evening star., 1942-03-15
Cotton Consumption
Far Above Year Aqo
During February.
TotoI for Short Month
Moderately Below
January Mark
BY the Associated Press.

BY the Associated Press.
The Census Bureau reported yes
terday that cotton consumed during
February totaled 893,745 bales of lint
and lot ,539 bales OF linters, COM
pared with s45,909 and ll6,247 dur
ing January this year and 793, ,42S
and l06,838 during February last
year.
Cotton on hand February % was
reported held as follows:
In consuming establishments,
2,579, ,789 bales of lint and 558972 OF
linters, compared with 2,495, 1876 and
54l.754 on January 81 this year and
1,906,8 and 543,060 on February 28
last year.
In public storage and at COM
presses, 12,213,134 bales of lint and
175,902 of linters. compared with
1887 ,321 and 146007 on January 81
this year and 14045, ,487 and SO ,638
on February % last year
Cotton spindles active during jan
uary numbered 23,077.722, compared
with 23o77 1852 during January this
year and 22.777, ,28o during February
last year.
Evening star., 1942-03-15
.J.C. Penney Reports
1941 Earnings Of
S6.24 a Share
Result Compares With
S5.el Profit in 1910;
Sales Up Sharply
BY the Associated Press.

BY the Associated Press.
NEW YORK, March l4-The J. c.
Penney Co. today reported net earn
ings for 1e4l Of sl7,l28,lo4, equal to
1924 a common share, against sl6,-
23O, 500 or s591 a share in 1910. The
chain store said its total 1941 sales
were s377,5fl I'll, a gain of "a per
cent over 1910.
National Cash Register
The National Cash Register Co
reported 194l net profit of SO ,257 ,446
equal to 50 share against s2,051, ,72I
or 81 26 share in 1910.
Merck & Co.
Merck & Co.. Inc, drug manufac-
tureIs, reported its net earnings for
l941 were s3,155.538. equal TO s28s
each on the 1000 900 shares of ccm-
mon stock, compared with a 1910 net
of 81 463 ,683 or s7z8 a share on the
100000 common shares then out
standing.
Timkin Roller Bearing.
Timkin Roller Bearing Co. an
nounced a net profit for 1s4l of
s9,476 1888, equal to 1892 a common
share, compared with S8,99S.211 In
1910, or s3.72 a share.
Gross profits were $34116,898 in
1941 compared with s22 1907 the
previous year. Taxes last year were
$4,000 $50, double the 1910 total of
SO 9.2e7 1866
TechnicOlor, Inc.
Technicolor, Inc, reported net
profits for the last calendar year of
s942912, or s105 a share. Profits
the preceding year were s882, ,125, or
80 cents a share.
Aluminium Goods Mfg.
The Aluminium Goods Manufac-
turing Co. of Manitowoc, Wis, re-
ported net earnings of s1,058,196
for the year ending December 81
1941, compared to 1910 earnings of
81 ,131 ,456. Net sales in l94l amount
ed to sl0,997,192.
Link-Belt Co.
Link-Belt Co.. reported l941 net
profit Of $2,e13,o5e, equal to 1895 a
common share. compared with
$2,5l4,380, or $3.37, in 1910.
The company makes power trans
mission machinery and has plants at
Chicago, Indianapolis, Philadelphia,
Atlanta, Dallas, San Francisco,
Cedar Rapids, Iowa, and in Ontario,
Canada.
Other Reports Listed.
Other corporate statements re-
leased during the week showed prof.
its per share on common stocks as
follows:
Year Ended December 81.
Evening star., 1942-03-15
BY the Associated Press.

BY the Associated PreSS.
NEW YORK, March 14.-Lack Of
ships, the short month and stock
pile growth against possible future
emergency cut February's total cop
per deliveries to 107,616 tons; of
22,851 tons from January, metal
trade circles commented today.
The drop was attributed directly
to a slump of more than so per
cent in the amount of foreign cop
per made available, since domestic
shipments were up.
Another high light of the week
in non-ferrous metals was receipt by
some small lead and zinc producers
of their basic production quotas. All
output over the quota will be ell
gible for premium payment-ll cents
a pound for zinc and 9.25 cents for
lead.
One source said the quotas for its
Joplin, Mo-, mine were somewhat
higher than the average rate Of 194l
production.
Lead producers rushed contracts
against orders for shipment and
Evening star., 1942-03-15
New FIuxseed Price
DeIuyed in Canada

WINNIPEG, March II canadian
Press Members of the grain trade
in Canada have been notified by the
Canadian Wheat Board that the
price change for flaxseed as an
nounced by the Minister Of Trade
and Commerce will not be effective
until August /, 1912.
Grade Minister MacKinnon an
nounced last Monday that the min
imum price of faxseed would be
S225 a bushel, basis No. c. w. flax
seed in store at Fort WilliamD
At the same time, the board re-
minded grain dealers that the freez-
ing order on faxseed issued March
6 still is effective at country ele-
vator points, where special authority
must be obtained from the board In
order to make shipments from coun-
try elevators Or to compnte sales.
Evening star., 1942-03-15
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 14.-Impend-
ing Army purchases of huge guam
titles of woolen and worsted goods
held the spotlight in the textile
markets this week.
Bids on 74.1e2,000 yards of cloth,
100000 wool blankets and 10000
900 pairs of woolen socks, asked by
the quartermaster, were expected to
satisfy Army requirements for nine
months.
In civilian lines, talk of scarcities
increased public demand Garment
manufacturers operated at a high
rate and bought goods when avail
able.
In the gray goods line high
Evening star., 1942-03-15
Big Supply Of Pork
And Lord Purchased
BY the Associated Press.

The Agriculture Department re-
ported yesterday it bought this
week 1437O,944 pounds of pork
meat products and 4,72506 pounds
of lard for shipment abroad under
the lease-lend program.
The purchases, which we're made
at prices prevailing under ceilings
established by the Office of Price
Administration this week, included
10,929,644 pounds of canned pork
products, 2,660,0O0 pounds of cured
pork and 78l 300 pounds of frozen
pork loinS.
Other purchases for lease-lend
shipment included 8.378,874 pounds
Of sugar and 1,029,300 pounds of
American cheese.
Evening star., 1942-03-15
McGiII StopIe Index
Up Sharply in Week
Special Dispatch to The Star.

Special Dispatch to The Star.
AUBURNDALE, Mass. March IA.
"A strong upward movemnet in
commodity prices developed during
the week ending March 13. accord
ing to the index compiled by the
McGill Commodity Service.
This index shows that higher
prices were quoted for industrial
commodities and livestock. Agricul-
tural commodities remained un-
changed from a week earlier.
The strength in the industrial
group was the result of higher prices
for buildings materials, hides and
leather, paint materials, fine textiles
and vegetable oils.
Evening star., 1942-03-15
Cotton Futures Mixed.

NEW YORK, March IA (P.-Vol-
ume of cotton futures trading in
creased after House passage of the
agriculture appropriations bill, but
prices failed to make headway to-
day, with the close Is cents higher
to 10 cents lower.
February consumption was Off
cially placed at 1913, ,745 bales, against
GAS, ,909 in January, but due to fewer
working days the daily rate was
estimated at close to $500 bales, or
a new daily record.
Evening star., 1942-03-15
Bank Goes to Workers

Dock workers at Glasgow, Scot
land, have no excuse for not buying
was savings certificates Bank serv-
ice is provided at the dock every pay
day to enable purchases of the gov
ernment securities. A large bank
has established a branch bank there.
Evening star., 1942-03-15
u. 5. Maps Taxes
1oCut Living
Standards
Nation Needs Normal
Supplies as Well as
Cash for War

Enhancing the war imposes vital
problems not only for the Government,
but for the individual In the first Of
two articles. Frank MacMillen. Wide
World financial writer, explains the
situation facing the Government in its
effort to get money. In the second.
to appear tomorrow. he shows the
right and wrong way to lend your
rnOney to ITnc1e Sam
Evening star., 1942-03-15

The man who was supposed to write
this couldn't get 1t done IN time for
today's paper. Hes down buying some
Defense b0ndss
Evening star., 1942-03-15

Cottonseed oil closed steady. Bleachable
prime, summer. yellow, unQuoted. Prime
crude, 1880 bid March. May. July and
September, 1857 bid.
a Asked. Bid. Nominal.
Evening star., 1942-03-15
Grain Prices Ease,
Pending Action on
Federal Stocks
Wheat Down About
A Cent; Rye Nearly
Two Cents Lower
" tft Associated Press.


i CHICAGO, March IA. - Grain
prices drifted downward toGay,
wheat losing about cent, rye almost
cents and other cereals lesser
amounts.
Failure of flour and milling trade
buying to appear in anything like
the volume some traders had eX-
pected prior to temporary with
drawal, after today. of Government
offers of milling wheat was bear
ish factor.
Trade languished because of un-
certainty as to the final form in
which Congress will pass legislation
restricting Government sales of
wheat and corn and the Presidents
action on this matter Some selling
was blamed on a belief that it will
be vetoed.
Wheat closed Sal cent lower than
yesterday, May, 81 ,29as; July, S1.3l4-
l.3l; corn unchanged to u lower,
May, 8814 July e05a-& oats. "a off /;
rye, IA Ia down; soybeans, 14-7s
lower, and lard unchanged at CELL
ings.
Rye Leads Decline
Weakness of rye helped to unsettle
the whole market, with liquidation
coming largely from dealers who had
accumulated contracts some time
ago and attributed partly to release
of more bonded Canadian rye in
this territory. A boatload was being
unloaded in Milwaukee. according
to trade reports yesterday.
While some mill and flour buying
has been reported the past few days,
the volume was not regarded as
large. Eastern reports were that
$4,000 barrels were sold in the New
York market yesterday, including
one lot of $4,000 barrels to a large
chain baker. There were reports
also that the Commodity Credit
Corp. sold some wheat in the
Southwest, but this business appar-
emily was limited to certain grades
on which prices were at sufficient
discount to attract buyers. Cen
orally speaking, privately owned
wheat could be obtained at most
markets several cents cheaper than
minimum quotations asked for C.
c. C. stocks.
Hedging Affects Corn.
Corn was off Il to "a cent at one
stage. due partly to hedging sales
associated with purchase of 5000
bushels to arrive here from country
shipping points. Sales for shipment
east from Chicago totaled only 1000
bushels. but $4,000 bushels of oats
were sold. Further spreading opera
tions were reported between the
corn and rye pits. A Chicago proc
essor was reported to have bought
a large quantity of Commodity
Credit Corp. corn.
Weakness of soybeans was offset
by raising of meal quotations by
about 81 a ton.
Government purchases of lard
this week, totaling 4,724,000 pounds.
were considerably smaller than last
week, but cured and canned pork
buying, totaling almost 100000
pounds, was larger. Reduced lard
buying was attributed to some pack
ers' unwillingness to sell because OF
ceiling prices.
Grain range at principal markets
today:
uiob rou c,os. ,u. srev'
Evening star., 1942-03-15

NEW ORLEANS March IA 0Pl-Cotton
futures declined here today under week
end long liuuidation and hedge selling
net lower
Evening star., 1942-03-15

Cottonseed OIL.
Dealings in cottonseed oil futures today
were limited to liquidation Of contracts in
more distant positions. Sales totaIed 90
contracts. Prices were UNCHANGED At
ceiling levels.
Crude oil ceiling prices were bid In the
Southeast and Valley at 12sa cents .
pound and IAN cents In Texas.
Evening star., 1942-03-15

spot. nominal; middling. 2o.23.
Evening star., 1942-03-15

VHICdBU CdSH WdTKSE
Cash wheat prices were "a to - cent
lower today; basis steady; receipts, II
cars, Corn, "a lower; basis, steady; re-
ceipts, "a cars shipping sales, 1000
bushels bookings, $4,000 bushels Oats
A-12 lower; basis. easy; receipts. cars;
shipping sales, $4,000 bushels.
Evening star., 1942-03-15

(See TAXES, Page CD
Evening star., 1942-03-15
War Bond Sales Pressed.

us
Clarence E. Kefauver, executive
vice president Of the Columbia Fed.
eral Savings & Loan Association.
and F. Wilson Camp, secretary of
the District Building g. Loan Asso-
citation. vigorously urged the pur-
chase of Defense bonds in radio ad-
dresses in the last week.
The annual meeting for election
OF officers of Post B, Travellers Pro-
tective Association, will be held at
the Capitol Park Hotel Tuesday at
$50 pm. According to Harry l..
Golliday, secretary, a dinner will
precede the business session.
Far ahead Of their agreed sched-
ule, building and loan associations
have retired nearly one-third Of the
investments made in them BY the
Government during depression
years, James Twohy, governor Of the
Federal Home Loan Bank System,
announced.
These institutions have retired
about $50, 900, 900 of the $273, 900 900
invested in their shares by the
Treasury and the Home Owners
Loan Corp, largely in the 1933-l9s7
period, Mr.. Twohy said.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1942-04-23
MEXICO WILL PAY
u. S. FOR OIL LANDS

Westinghouse joint Mexican
American commission, the State
Department announced, has val
ued appropriated properties of A
merican oil companies in Mexico
at $23, 1896, 1891.
This compares with claims Of
the oil companies that the proper
ties, taken over by the Mexican
government in 1888, were wortf,
$3.50, 100000 to $2OO,0O0,0OO and g
Mexican contention that they
were worth no more than $1O,,
100000 to $15,000,000.
The joint commissions finding
represents the efforts of the two
governments to settle this long
standing dispute, but is not bind
ing on the oil companies. There
was no immediate word here as
to the companies attitude.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1942-04-23
Annual Lespedeza Is Good
Soil Conservation Crop

grown larger, is considerably
more drought resistant than fsse
grasses and clovers, makes ex-
cellent hay or temporary pasture,
and will work fine as filler nm
a pasture mixture or in a rUER-,-
ton containing small grain.
Korean lespedeza should n
planted in the spring about txHD
weeks before the last heagy
freeze is expected and preferziEa-~
ly on land that has some covVaH.
Small grain or briars and weeds
that have been partly disked IuSD
the soil make an excellent nxrEnA
crop to protect lespedeza hzSrR
late spring freezes. ExcelfsEaf
stands of 1espedeza may be es-
tablished on clean land but seed
ing should be delayed until the
last heavy freeze. Korean Iespe-
deza should be seeded at the tate
of 80 pounds per acre with. Rt
least 200 pounds of superphos-
plate per acre. Lime at the rate
of one to two tons per acre VIII
improve the stand and help ue-
mendously in establishing clover
and grass on the same land In FIJI
ture wears. Korean Iespedezs
should be broadcast over the land
then narrowed in with a spring
tooth or drag harrow lightly 40
assure proper ground contact and
to prevent drifting of the seed IF
heavy rains occur before they
generally will make seed In this
section but some farmers have
followed the practice, to assure
a good stand, of at least partially
reseeding each spring. Since Ks2E-
can lespedeza seed are usually
economical to buy this practices
is not an expensive one.
From this discussion the c1a-
clusion can be drawn that Korean
lespedeza is not a competitor ID
red clover or red clover and
grasses mixed, but it does haw
tremendous advantage. on LzaS
of poor fertility where adequdfsz
results with red clover have noL
been obtained.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1942-04-23
Guernsey Sales
Slated For May

Raleigh-Dairy farmers will be
given an opportunity to increase
their contribution to the flood
for victory campaign and at the
same time perpetuate the famous
Guernsey breed by purchasing
some Of the III animals to be
offered at sales at Quail Roost
Farm near Durham, May 4, and
at the Mountain Test Farm near
Swannanoa on May 7. DR.. William
Moore, secretary of the N. c.
Guernsey Breeders Association,
announced this week.
The sales will be conducted in
cooperation with the State Col
lege Extension Service. the State
Department of Agriculture, State
Division of Vocational Agricul-
ture and Breeders Association.
At the Quail Roost sale, eight
bulls, IS cows, fresh or near
freshening, and "a open and bred
heifers, "all from famous pure
bred stock, will be sold.
At the Swannanoa sale, 81
COWS, fresh or near freshening
and II bred heifers from the best
Guernsy herds will be offered for
sale.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1942-04-23
NO BONDS FOR u. S.
TOKYO BOMBERS

observation-disclosures bund-
les of war bonds waiting in vari-
GUS communities for the first A
merican filters to bomb Tokyo
appeared, on the basis of army
navy regulations, to be impossible
to present.
Officials said navy law prohib-
its supplementing of pay of per-
sonnet for duties they are expect
ed to perform, and army regula-
tions got a bit farther, forbidding
gifts or awards of any kind for
duties soldiers are expected to
perform. However, some navy
officers suggested unofficially a
way community awards might be
given navy personnel. If the
communities which have created
for Bomb Tokyo" funds wish to
do so, these officers suggested,
they could convert the bonds to
cash and selecting the recipients
solely on their own initiative,
could award gifts such as watch
es or other equipment.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1942-04-23
Traffic Is Off 10
Percent In Mar

Raleigh, April % - magic
eye" traffic counters placed at
strategic points along North Car
olina's highways by the statistics
and planning division of the
State Highway and Public Works
Commission are showing that mo-
tor travel is dropping off consi-
derably as compared with the
same spot of road a year ago.
Averaging findings of locations
on "a state system highways
shows a decrease in traffic for
this past March of 1871 percent
over the same month in 1941.
During February the decrease
was only 9.3 per cent as compared
with February, 1941.
These traffic counts are for the
rural area and James S. Burch,
Statistics and Planning Engineer
for the Highway Commission,
believes urban traffic decreases
is slightly higher. Burch also said
that ''from information we have
it is believed county roads are
off more than main highways"