davidaulloa/AmericanStories huggingface dataset:
Evening star., 1942-06-21
Business inventories
In U. 5. Set New High,
Commerce Unit Says
Federal Action to Halt
RetoiI StoekpiIine Of
Scurce Goods Hinted
By the Associated Press.
The position Of the Treasury June Is C

Industrial expansion and the ac-
cumulation of stocks because of
fears of shortages and higher prices
have pushed business inventories in
the United States to an all-time
high, the Commerce Department re-
ported yesterday.
Combined stocks of manufactur-
ers, wholesalers and retailers totaled
$28, 500, ,000, 900 at the end of March,
according to an article in the Sur
vey of Current Business, official
department publication. OF this
total, manufacturers held sl6,500.-
900, wholesalers. $4,000. 900, 900, and
retailers more than $1,000, 900 900.
Since the beginning of l94l the
value Of inventories has increased
at an average rate of nearly $780,
100000 a month, the article said
Despite priorities, ALLEGATIONS, cur
tailments and the scarcity Of many
materials, inventories continued to
increase during the first quarter Of
this year at an annual rate Of s5,-
900 900 900.
1HbClCSk HtCkdh
Particular interest is attached to
inventories intended for consumer
use, the article pointed out. In
terms of prices paid at retail, it e5-
timated that inventories of con-
sumner goods held by manufacturers.
wholesalers and retailers at the end
of March amounted to approximate
ly $1,000. .000.0 900, equivalent to a
four months supply.
While stocks of consumer goods
in the hands of retailers, whole
salers and manufacturers consti-
tute four-month supply, stocks
now held by retailers alone consti-
tute more than a two-month supply
in relation to current sales it said.
Retail inventories at the present
time are about Is per cent above
what is needed to support current
sales.
Government Contrtol Seen.
Although price ceilings remove
one of the strong incentives for in
ventory accumulation, there are still
powerful motives for further retail
stockpiling in progressively less
scarce items. Unless this is fore
stalled, it will lead to further un-
balance and maladministration of
such stocks, as well as hasten and
complicate rationing programs In
volved here is the whole problem
of insuring equitable distribution of
available stocks among business
enterprises and geographic areas.
The Government can hardly stand
by and permit particular firms or
areas to sew up by forward buying
a major share of scarce goods avail
able for distribution" the article
said. adding:
Control over inventories is as
essential to the efficiency Of the war
effort as are controls over other
segments OF the economy. Price
ceilings and rationing policies make
imminent the extension of inventory
control both on a voluntary basis
and by Government action in the
wholesale and retail areas.
voluntary measures will be di-
rected primarily toward an orderly
reduction of inventories with the
view toward maintenance of the
merchandising organization as a
going concern. Action by Govern
ment will probably be concerned
with the proper distribution Of ex-
isting supplies among consumer
outlets"
Evening star., 1942-06-21
United Stutes Treasury Position
Curtiss-W Wright Corp. Ends
Quarterly Profit Reports

NEW YORK. June 2O.-The Cur
tiss- Wright Corp. huge airplane
manufacturing concern, announced
today that at the request of the
War Department the company had
discontinued quarterly earnings re-
ports.
The company's shipment of air.
planes, engines and propellers have
shown a consistent increase since
the declaration of war on December
8, 194l. as is the case for the entire
aviation industry" Curtiss- Wright
said
The War Department, however,
has requested the company to re-
frain from disclosing any informa-
ton which might be key to its
present rate of production and
therefore helpful to the enemy
The corporation will distribute
approximately sl,000,000 to its Buff
falo employees Friday in lieu of va
cations. Workers will receive from
two days to two weeks pay, depend
ing on the length of service.
Evening star., 1942-06-21
Dividend Meetinqs

NEW YORK, June 20 tspeciap -
Among the important companies which
will hold dividend meetings thls m com. com
Corn Products Refining Co. National Dis
tllers Products Corp. and Shell Union Oil
co. A list Of the meetings Of COMPANIES ON aI,n5
Investors Service as follows:
Monday. June e2.
Consolidated Car Heating Co.. Inc. tcom-
NOM, C2 p.mD.
Tuesday, June 23.
American Seating Co. tcommonD 90
Gimbel Bros, Inc. cpreferred uo:3O
Hershey Chocolate Corp. Common and
McCaii Corp. common C3:30 PM
National Biscuit Co. q per cent pre-
" Norfolk & western Railway Co tcom-
mon. per cent adjusted preferred) dl:40
Reading Co a per cent first preferred,
Shell Union Oil Co. common q ann.
Yale g. Towne Manufacturing Co. tcom-
mon g PM.
Wednesday. June ri
Abraham & straus. Inc. tcommon> III
Air Reduction Co, Inc Ccommon) ts:15
Corn Products Rehnins CO: common.
per cent @ @L,edsrTel, ~ fs Pm I'm cant nrs.
ferred) 90 ann.
Mcclellan Stores Co. (prefeTredl t4:45
PM.
ferrrd common $3.50 am.
Westvaco Chlorine Products Corp. CS4.50
preferredl $3.50 PM.
Thursday, June 2J.
American Home Products Corp. tcom-
NOM t9:30 ami.
Consolidated Cigar Corp. {! per cent
and So per cent preferredI a p.m).
McCrory Stores Corp. t5 per cent pre-
ferred) (2:30 PM.
National Distillers Products Corp. tcom-
mon) Il15 a.mD.
Union Bag & Paper Corp. tcommon)
az M.
Friday. June &c.
American News Co tcommon) 90 am
Southern California Edison Co., LTD.
(common) G2:30 p.mD.
Evening star., 1942-06-21
Argentina Won't Seek :
Shipping immunity
Under Nazi Blockade ~
Course Is Considered
Contrary to Principles
Of Continental Solidarity
b the Associated Press.

b3 tLt ASSoCsateo PreSS.
BUENOS AIRES, June 20.-A
high government source said today
that Argentina, one Of two South
American nations which still main
tain diplomatic relations with the
Axis, would not seek shipping inn
munity under the extended German
submarine blockade which becomes
effective June 26. -.
While the formal intentions of the :
Argentine government remain to be r.
announced, this source said that
while Argentina could insist on inn =
munity for her ships under inter-
national law. such course Is CON-
sidered contrary to the principles :
of continental solidarity" 81:
The Argentine attitude, 1t was :
stated, is based on the German re-
ply to protest against the sinking
of the Argentine tanker Victoria.
Berlin said then that the theory
that a German submarine would
attack an Argentine vessel must be-
excluded in view of continuing rela-
tons between the two governments.
argentina and Chile are the r.
only two South American repub-
lies still maintaining diplomatic
relations with Germany, Italy
and JAPAN -
In view of the German answer to
the Argentine protest in the Victoria
case, some might think our ships
enjoy relative immunity within the
waters included in the German
blockade" this high government
source said. IT
But even If that were true, the
Argentine government cannot ap@
pear before the other American ma
tions as free from danger which
is common to all ships of her sister
nations.
IF our ships were Systematically
respected by Axis submarines this
immunity would appear like COM
plicity with an extra-continentsi
power. Such situation could not
be permitted by our Government
because it would be contrary to the
principles of continental solidarity"
He also disclosed the Argentine
Navy Ministry 'is studying the
problems raised by the German
warning" ~
-
Extension of the German subma-
rine blockade was announced by the.
Berlin radio on June Is for the en-
tire North Atlantic directly to the,
United States coast. .
Evening star., 1942-06-21
Grain Storage Crisis
May Be Averted
By operation
All Interests Tokinq
Unusuol Steps to
Provide Space
BY FRANKLIN MULLIN,
Associated Press Market Writer.

CHICAGO, June 20.-Serious
terminal market congestion as a
result of a grain storage crisis
precipitated by harvest of big 1912
crops when there is the most acute
shortage of space in the memory of
veteran elevator men Is expected to
be averted as result of recent
trade developments.
This does not alter the fact,
however, that the natural grain
storage picture will be the tightest
on record when all crops are in,
trade experts said today.
With the new crop movement
already under way, they said, the
situation is more encouraging be-
cause Of cooperation of all interests
from producer to professor and un-
usual steps taken to provide ad-
ditional temporary space on the
farm.
Controls FunctiOning.
Terminal market emergency reg
ulations to control movement OF
grain from farms already have been
set up and machinery to handle the
biggest surplus OF wheat, the cereal
which utilizes most of the country's
storage space, is functioning.
Even in the country. where ex-
traordinary steps to provide farm.
elevator and subterminal storage
space are necessary because restric-
tions on the flow of grain to ter
minal markets will cause it to back
up at point OF origin, the picture is
brighter.
That the terminal market situa-
ton has eased was indicated by
action of the Chicago Grain Storage
Committee in deciding to place no
ban on movement of cash grain to
this terminal for the time being and
suggesting that it will attempt to
keep the market open at all times
for supplies coming from territory
normally served by it.
Beginning next Thursday, how
ever, shippers Of grain intended for
storage under Government loans
must obtain permits to send supplies
here. Later, permits may be re-
quired for all grain, whether for
storage or immediate sale. if orig
mating outside the So-called Chi
cago area. Similar embargoes on
movement Of storage grain to termi-
mails are in effect in other areas.
Drastic Steps Taken.
To relieve the country situation
farmers are converting every con-
ceivable type of shelter for storage
and the Government has moved
steel bins located in the corn belt
several years ago to the surplus
wheat producing territory inasmuch
as corn stocks are being reduced
Already bins with capacity of more
than 25,000000 bushels have been
moved and. if possible. it is hoped
to transfer 10000 900 bushels of
space in this manner largely from
Iowa to Kansas, Nebraska. the Da-
kotas, Colorado, Oklahoma and
Texas.
In addition the Government has
arranged for manufacture of about
$4,000 wooden bins with capacity of
100000, 1000 bushels to be offered for
sale to farmers. Additional wooden
bins are expected to be bought.
Evening star., 1942-06-21
CoIombiun Writer Here

Jorge Zalamea, Colombian writer
and radio commentator. arrived in
Washington yesterday for a two
month tour of the United States at
the invitation of the State Depart
ment The department said he
would visit newspapers and radio
stations throughout the country.
Evening star., 1942-06-21
Chicuqo Produce

. CHICAGO June 20 tP.-But:er, re-
ceipts 1.1s3.6S3. about steady prices
quoted UNCHANGED: eggs 26,9s9. steady
and unchanged.
Potatoes. arrivals. "A; on track. 21s:
total q. s. Shipments Liz: supplies,
moderate; California Long Whites. best
duality, demand fair. market steady;
other California stock demand slow. market
weaker and unsettled; Southern Triumphs.
best quality, demand good market slightly
No, /, 1853 10: Arkansas iss Trfumphs.
22o;. sAlass.SHn. Sn Bliss Triun Ps' Q. 8. No.
Evening star., 1942-06-21
Power Output Rises
Well Above Year Aqo

Special Dispatch to The Star.
NEW YORK. June 20.-The pow
er output of subsidiaries of Amer
ican Water Works 81 Electric Co.
for May totaled 10,726,575 kilowatt
hours, as compared with 273.27l ,eS9
kilowatt hours for the correspond
ing 1941 month, an increase of IA
per cent.
For the five months ending May
81 power output totaled 1.548 .387 1871
kilowatt hours. as against 1896, ,063.-
455 kilowatt hours for the same
period last year, an increase of 20
per cent
Evening star., 1942-06-21

Also extra or extras eDeclared or
paid so far this year.
Quotations furnished by National Asso-
citation OF Securities Dealers. Inc, which
states they do not necessarily reflect actual
transactions or nrm bids or offers but
should indicate approximate prices.
Evening star., 1942-06-21
Budd Wheel Orders
Dividend of Is Cents
By TIE Associated Press.

By TIE Associated Press.
PHILADELPHIA. June 20.-Di-
rectors of Budd Wheel Co., today
declared a dividend of 25 cents a
share on its common stock, payable
July IS to shareholders of record
June 30.
Evening star., 1942-06-21
District Business Borometers

Capital sharp gains
Bank cearing reached ame for May the number
telephones reached high average
also shattered former
The trends these
following monthly comparisons period several years:
Evening star., 1942-06-21
Named Florists Treasurer

Miss Criena Mahoney has been
elected treasurer Of the Washington
unit of the Florists Telegraph De-
livery Association. Miss Mahoney
also is member Of the Board of
Directors.
Evening star., 1942-06-21

citation Of Securities Dealers. Inc. which
states thev do not necessarily reject actual
transactions or firm bids or offers, but
should indicate approximate prices. and
unless otherwise indicated, are as quoted
by the sponsors or issuers.
'Asterisk indicates. Not quoted by
sponsors or isSuers.
Evening star., 1942-06-21
Washington Stock Exchange

Rpoted 3 Co.
INCLUDING 19.
Evening star., 1942-06-21
Corporotion Earnings

NEW YORK, June 90 lP1.-Coroorstion
sa-nines Stafements issued during the
week, showing profits per share OF COM
mon stock included:
Forty Weeks Ended June b. ,o,,
Evening star., 1942-06-21
Investing Companies

NEW YORK. June 20 0P,.-National As
scciation Of Securities Dealers. Inc:
Evening star., 1942-06-21
PUBLIC UTILITIES.

Sales. PUBLIC UTILITIES.
$4,000 Ana d Pot Riv n r guar
1000 Ana 4 Pot Riv r r mod
10000 Capital Traction 1st IS !
5000 City 4 Suburban Ry mod 8
5000 Georsetown Gas Light 1st
$4,000 wash Gas LiEht 1st 5s l
16,500 Wash Ry d. Fl cons As /
Evening star., 1942-06-21
Insurance Stocks

NEW YORK. June 90 P,-National
Association Securities Dealers. Inc:
Evening star., 1942-06-21

go SIS extra paid December as a4l kaoe
. 1s41.
Evening star., 1942-01-29

Fort Duncan, will enter teams in
a Southwest service roller derby
tournament in March.
Shear nonsense-Hitting hard
for more colorful reporting, the
Washington Post recently de-
scribed a gal wrestler as "a bustle-
bound blond" Tommy Fitz-
gerald Of the Louisville Courier
journal claims the Eastern COL
leges shouldn't have trouble find
ing reserve football material next
fali-not with all those subs of
the coast and Jack Troy of
the Atlanta Constitution thinks
the war may,cut so heavily into
reserve material that they'll be
calling them "curtail backs"
Hot stove warmup Jedge
Lands has asked Pacific Coast
League oficials for the files on
the case Of expectorating Eddie
Mayo VS.. Umpire Ray Snider,
which was supposed to have been
settled when Mayo was restored
to good standing. Jack Zeller
says II Dick Wakefield can hit,
Evening star., 1942-01-29
Guyon, Exc. U. Gridder, First Indian to Fly for Navy
jack Conn Bills Brother Returning Ring

he'll have a job with the Tigers
but Piedmont League scribes Won
der if Jack and Del Baker won't
weaken when they see Dick try
to field q ground ball.
When Lou Boudreau was In
Cleveland for the JEFF Heath din
ner, he ducked the brass hats and
collected q bunch of the players
for a barbering session in his
room.
Ted Gullic writes Milwaukee
club bosses that he had a "dis-
appointing" hunting season. He
bagged only 401 pheasants instead
of the usual 500. just like ball
player - complaining about his
average.
Looking ahead-While an in
jured elbow has kept him from
taking an active part in the cur
rent pro tennis tour, Frank K0-
.vacs has been riding the truck
that hauls the troupe's equip
ment and occasionally lending q
hand at driving 1t. Wonder II he's
in training for . steady job when
the trip ends7
Evening star., 1942-01-29
Night TiIts Again
For School Fives

The public high school basket
ball series is going back to its
original night schedule for the
remainder of the series, accord
ing to an announcement today
by Hardy Pearce, head of the
Department of Health and Ply
sical Education.
Friday and Saturday night
ouble-headers originally were
moved to daylight hours and sew
eral shifts made in the schedule
earlier this month shortly after
beginning of the war. There
has been a marked falling of in
interest and attendance since
this change.
"It was question 81 morale"
Pearce said in announcing the
shift back to the original Sched-
ule. 1--WE want to give the stu
dent and public what they want,
and they want night games"
Evening star., 1942-01-29

are signed, I guess" he replied in his
quiet drawl.
Some one asked if signing the
Giants players were part of Ter
rvs task and he answered:
use your own judgment"
This led right smack into the
question of what were Terry's duties
and the inevitable signoff:
II don't know what I'm going to
have to do. I'm just man OF all
work around the Office"
He disclosed, however, that it was
he who negotiated the deal for First
Baseman Johnny Mize of the Car
dinals and that it was he who had
talked to Mize recently by phone
and ordered him to Hot Springs, Ark,
to thaw of some weight.
"Mize told me his shoulder was all
right" said Terry, and then in an
aside added, but he's probably as
fat as a pig"
He also disclosed that he had an
agreement with the Cardinals that
he could return the big slugger If
his shoulder kept him from playing.
when I when we made the
deal Branch Hickey assured me that
his shoulder would be okay and I
told him I'd send him back If 1t
wasn't" he explained.
OFT was present during the inter-
view, sitting quietly on the fringe
of the group of reporters, even
though Terry tried several times to
shift questions over to him with a
there's the manager, he knows all
about it" suggestion.
Evening star., 1942-01-29

"Since athletics are falling in
line magnificently with the De-
fense bond and stamp buying
program, why wouldn't 1t be the
patriotic attitude for some of
those well-known PROSECUTING in
stitutions to pay of their athletes
in bonds and stamps instead of
scholarships and tuitions?"
Service dept.-Marshall Wayne,
who won the Olympic diving
championship in Berlin, is a lieu
tenant in the Sd Photographic
Squadron. He says he hopes to
dive on Berlin next time from
something higher than a 33-foot
tower.
Appropriate names-In q re-
cent boxing match between the
32d Division of Camp Livingston,
La, and the Sd Armored Divi-
sion Of Camp Polk, Heavyweight
Bill Bomber of the 32d stopped
Pvt. Rank in the first round.
Five Texas Army establishments,
Brooks, Randolph and Kelly
Fields, Fort Sam Houston and
Evening star., 1942-01-29
Man With Top Batting
Record Of All Time
Is Honored al Is
Hugh Duffy Among stors
To Receive Awards at
Hub Scribes' Dinner
By the Associated Press.

By the Associated Press.
BOSTON, Jan. 29.-The specter of
the highest batting average of all
time hung today over the crowns of
baSeballs two greatest hitters OF
1e41.
Boston baseball writer's at their
annual dinner last night paid trib-
ute to Joe Di Maggie of the New
York Yankees, who hit safely in
Sc consecutive games. and to Ted
Williams, the Boston Red Sox star,
who batted .406.
But the highlight of the evening
was the writers presentation of a
gold wrist watch to little Hugh
Duffy, the 73-year-old wonder who
back in 1894 set the never-threat-
ened batting mark of .438.
Hugh Mulcahy Honored.
Another wrist watch went to a
second Hugh-Pvt. Hugh Mulcahy,
erstwhile mound toiler for the Phil
-adelphia Philies, first of the mod
ern crop of players to enter the
armed forces.
Di Maggie received the Paul
Shannon Trophy as the performer
of baseball's outstanding feat of the
year. The Jake Morse Trophy, pre-
sented to Boston's most valuable
player, was awarded, in absentia, to
Williams.
The Sox slugger, going into the
Army, sent his regrets, leaving his
.4O6 mark for the boys to shoot at
before they can think of approach
ing Duffy's mark.
NewsOme Outstanding Rookie.
Heber Dick) Newsome, Red Sox
pitcher who won 10 games last year,
won trophy as Boston'S outStand-
ing rookie of the year.
Senator Henry Cabot Lodge. Re-
publican, of Massachusetts, told the
gathering he hoped sports would be
increased rather than curtailed.
other speakers included Ira Thomas,
former Philadelphia Athletics CATCH
er; Johnny Evers, second baSeman
of the 1914 pennant-winning Bos-
ton Braves; Jimmy Councilman,
coach of the Chicago Cardinals
football team, and Mayor Maurice
j. Tobin.
Evening star., 1942-01-29
Fine American League
Season Is Seen by
Prexy Harridge
py the Associated Press.

By the Associated fless.
CHICAGO. Jan. 2e-Day. night
or twilight games, the American
League will have a good baseball
year in l942 in the opinion OF Presi-
dent Will Harridge.
II am inclined to believe that If
the race is at all close, plus the
extra night games and possibly
with Sunday double headers, we'll
have a pretty good year." Harridge
declared today.
Nor does he believe the decrease
In automobile tires will injufe at
tendance. I'm other years." he said,
people left the city for week ends,
but this year they will be looking
for entertainment in the city. On
the other hand, I believe the out
of-town fan will continue coming
in on bus or train to watch big
league baseball"
The major leagues will hold a
Joint meeting in New York Tues
day to discuss expanding their
night game. schedule. Twilight
games, being considered by Cleve-
land and Detroit, may also be dis
cuSsed.
Evening star., 1942-01-29
Bomber Stops !
BY HUGH FULLERTON, Jr.
Wide World Sports Columnfst.

NEW YORK, Jan. 29.-Jackie
Conn, Billy's kid brother, is about
to start a ring comeback at the
ripe old age of 10. He has been
working on a farm and reports he
is packing 1913 pounds Of mus
cle-which makes us wonder
whether it would be better for
Billy to become a farm hand or
to teach Jackie to fight.
Couple of Oregon colleges are
going to try putting the basket
ball officials in crows nests be-
hind the backboards and giving
them loud speakers to explain
their whistle footing. Linesmen,
who won't be on the court, will
call out-of bounds.
Joe Guyon, jr., former Catholic
U. gridder and son of the old
Carlisle star, is about to become
the first American Indian to fly
for the United States Navy.
Today's guest star - John
Mooney, Salt Lake Telegram:
Evening star., 1942-01-29
Writers in East
Swell to Menki
BY the Associated Press.

By the Associated Press.
PORTLAND, Ore, Jan. 90
New York sports writer's are
gentlemen-and swell guys.
Nancy Menki, is year old
swimming star, home from an
Eastern trip to aid the campaign
against infantile paralysis "a
disease from which she once suf-
fered - said she didn't know
sports writer's could be so nice"
Nancy was their guest at a
dinner in New York.
The sports writer's shared with
President Roosevelt, Eddie Can
tor and Johnny Weissmuller her
description as swell"