davidaulloa/AmericanStories huggingface dataset:
Evening star., 1942-05-05

SUITABLE FOR TOURISTS.
2sO1 MONROE ST NE.
Detached. reconditioned, rooms. baths
and half oil heat; price. $4,000; terms ar
ranged Open for Inspection.
LOUIS H. HALL, REALTOR,
2l25 R. l. Ave NE HO 5000
Evening star., 1942-05-05

PLYMOUTH le41 4-door sedan driven
only 3.7e3 miles; new-car guarantee, you
will never ind one like this again. ,
l.. P STEUART, INC,
1929 ST
Evening star., 1942-05-05
ACREAGE FOR SALE.

LARGE AND SMALL, MD. VA, WITHIN
Is mi. of D. c. Make selections NOW
Low price, terms few trade. Farms, estates.
N. E. RYON CO. MA. 1907. GE 6l46
Evening star., 1942-05-05

lonial Of large rooms porch auto. heat,
IN convenient Silver Spring. within > hlks.
express bus. OWNER. IA. 1919 after 6 pm.
Evening star., 1942-02-22
special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, Feb. 21.-With the
passing of the peak attendance pc
riod in wholesale markets, buying
activity In the last week appeared
more affected by the slackening in
retail trade, reports Dun & Brad
street, Inc.
Tn a number of lines it was re-
ported that retailers were more cau-
tious in making commitments, show
ing greater selectivity in their order
ing.
However, the prevailing tone was
still of sellers market. Very little
distress merchandise was available
and any second-grade or off-price
goods which appeared was quickly
taken up. Buyers were making more
frequent trips to central markets to
watch tight supply situations.
wholesalers continued to note an
unusually heavy demand for antici-
pated deliveries and reported that
stores showed . willingness to take
delivery even of fall merchandise
whenever 1t was available.
Demand for. suits was the OUT
standing feature of business In wo-
mems apparel. Sales sharply ex-
ceeded last years in these lines but
had dropped OF somewhat IN dress
Evening star., 1942-02-22
Payroll Deductions Spur
Defense Bond Sales
Special Dispatch to The Star.


NEW YORK, Feb. 2l.-The sale of
United States Defense savings bonds
through payroll deductions has be-
come the most important medium
for encouraging thrift in American
industry, according to survey by
the management research division
OF the Conference Board.
In some instances, the survey
shows, these payroll deductions have
superseded other thrift plans spon-
sored by employers.
The United States Treasury has
estimated that more than 5000 COM
panies with approximately e.750, 900
employees have adopted payroll de-
duction plans or are making ar
rangements to do so. The plans used
by these companies are. all very
similar. for nearly all follow a model
plan that was prepared by the
Treasury.
Companies usually specify the
minimum amount that each employe
may save, in order to complete the
purchase of bond in a reasonable
period. The minimum deductions for
Series E $25 bonds permitted under
various plans vary considerably
ranging from rs cents to 81 a week,
OF fifty-eight plans examined, how
ever, only three do not specify any
minimum.
All money accumulated for the
purchase Of bonds is held in a sep
arate account. No interest is paid
on these funds, and employees are
therefore urged to buy bonds Of de-
nominations which can be paid for
In the shortest time.
Evening star., 1942-02-22
British Wheat Price
Advanced to SLIT
BY the Associated Press.

BY the Associated Press.
LONDON, Feb. 21.-To insure food
production on necessary scale in
Britain and give farmers a reasona-
BILE return, the Agriculture Ministry
raised the price of wheat yesterday
by 18 pence go cents to 16 shil-
lings ($32O per hundredweight.
(This, in bushels, was an increase
from $1.55 to $1.71. No. 2 hard wheat
sold in Chicago Friday for $129A) }
The ministry ordered this in a
general uplifting Of farm product
prices, including an average in
crease of shillings 6 pence
($l.30) per live hundredweight for
fat cattle and a promise of 2
pence g cents more per pound for
the wool clip.
Evening star., 1942-02-22
Wholesale Markets Affected
By Retail Trade SIockeninq

lines. Large department and chain
store buyers were in the market for
advance orders on fur garments.
Buyers continued to cover fall
needs on staple dry goods, taking
deliveries as fast as they could get
them; in some instances wholesalers
now offered merchandise only from
stock.
Calls for fall underwear were re-
ported to be sharply in excess of
regular needs. Work clothing was so
heavily bought that only small guam
titles of overalls were left for April
delivery. Sheets and pillowcases,
usually slow at this season, moved
briskly wherever supplies were avail
able.
Wholesale food sales had declined
from January records, but demand
continued brisk and orders for a
number of foods were being rationed
on the basis of past requirements.
Dizziness in furniture lines reflect
ed spotty sales at retail, with up
holstered goods experiencing siz-
able drop in new orders. A w. p. B.
order froze all stocks Of new re-
frigerators. Low-end lamp lines were
being discontinued from sale as
manufacturers conserved dwindling
supplies Of better goods
Evening star., 1942-02-22
Philadelphia Electric
Hearing Scheduled
Ry the Associated Press.

Ry the Associated Press.
The Securities Commission yes
terday fixed February q for hear
ing on a request by Philadelphia
Electric Co. that it be permitted to
sell privately and without competi-
tive bidding 4S, S,221 shares Of IA per
cent preferred stock at sll0 a share.
The proceeds would be used to repay
$500, ,3l0 of bank loans.
The prospective buyers and the
number of shares each would take
were listed as New York Life 1nsur-
ance Co., 1900 shares; the Pruden-
tial Insurance Co. of America, l5,-
900; the Insurance Co. of North,
America, $500; Philadelphia Electric
Service Annuity Fund, Proyident
Trust Co., trustee, 6,421.
Evening star., 1942-02-22
Selected Stocks
Edge Higher in
Dull Session
Small Coins Scored
By Few Rail and
Industrial Issues
By BERNARD 8. OHARA.

Associated Press Financial Writer.
NEW YORK, Feb. 21.-The stock
market today finished another
backsliding week with modest gains
for scattered rails and industrials
just about offsetting declining
tendencies for numerous leaders.
Attendance in Wall Street and
buying ardor were light as many
customers gave Wall Street q wide
berth In favor of a lengthy holiday.
Major markets will recess Monday
for Washington's birthday ami
versary.
Mild irregularity prevailed at the
start and. while motors and hand
full Of favorites put on a last-minute
rally, final price changes were well
mixed. Declines and losses ranged
from fractions to q point or so.
War Reports Helpful.
Reports Of American Dutch sue
cesses in . big naval battle with
the Japanese in the Southwest
Pacific aided sentiment to some
extent. Hopes for an imminent
freight rate decision buoyed the
carriers. Late short covering in
the motors was attributed to the
recurrent thought these may have
been oversold and, in the event Of
further good international develop
ments, might put on a real rallying
sprint.
The Associated Press average of
so stocks was up OIL a point at 36.6,
but on the week showed q net de-
cline Of 0.5.. OF 500 individual issues
traded, l79 were up, l74 down and
lat unchanged. Volume picked up
a bit compared with last Saturday
Transfers totaled 213,990 shares
against 167,370 a week ago, the lat
ter being smallest Saturday ag-
gregate since last August. Dealings
throughout the week were excep-
tionaly hstless. activity in no ses-
sion reaching 400 900 shares.
Among rising stocks were Union
Pacific, Santa Fe, Southern Rail-
way, Chrysler, General Motors
United States Steel. United Air
craft. Eastman Kodak. General
Electric, Westinghouse, American
Telephone and J. C. Penney.
Allied Chemical Dips.
Allied Chemical dropped a point to
a new 1941 low. j. I. Case was of
as much. Lesser losers included
Texas Co., Dow Chemical, Glenn
Martin, Woolworth. Du Pont and
International Harvester.
Slightly improved in the curb
were Gulf Oil, American Cynamid,
Consolidated Gas of Baltimore
American Gas and Glen Alden Coal
Turnover here approximated $4,000
shares, versus $4,000 last Saturday.
The big board Just about kept its
balance Monday asAxis submarines
began to operate in the South At
lantic and Caribbean. Renewed war
doubts assailed the list Tuesday and
prices suffered their worst relapse
OF the week. Chrysler directors cut
the dividend and the stock conceded
q points. Motors turned resistant
Wednesday and helped trends gen.
orally. Steels, motors. rails and spe-
cialties improved Thursday. but
prices faltered Friday as accounts
were trimmed for the extended
week end.
Evening star., 1942-02-22
Truck Builders
Lack 5pacefor
Full Quotas
Dealers Already Foce
Acute Problem With
Frozen Cor Stocks
BY the Associated Press.

DETROIT, Feb. 21.-The dual
problem OF tire and storage space
shortage has bobbed up to embar-
rass the Nations truck manufac-
turers and car retailers.
Authoritative industry sources
say the joint problem has become
so acute that not a few of the truck
builders already are questioning the
wisdom of producing the full quota
Of $4,000 commercial vehicles ap-
proved for March assembly.
Production of passenger cars was
halted early this month and the
manufacturers were restricted to the
assembling Of trucks for commercial
and military purposes and a bank
of replacement parts for passenger
units.
Become Storage Dep0ts.
Under the program now in effect
the truck makers are to deliver their
output of nom military vehicles to
dealers for storage until such time
as they can be released to retail
buyers.
Complicating the situation, how
ever, is the fact that under the tire
rationing plan, no tires are now
available for the March output of
commercial vehicles.
These units must be delivered to
dealers minus tires; this, say the
manufacturers and the retailers,
makes of the dealer outlet merely
a storage depot.
. The retailers already are heavily
stocked with passenger vehicles that
have been In their hands for vary
ing periods as result of the freez-
ing OF retail sales after January !.
Industry sources said today that
the dealers, with more than 800 900
passenger vehicles in their hands.
likely to move very slowly under the
rationing plan. are objecting to the
delivery of further units whose sale
is even more remote.
Full Output Impossible.
The producers plight was ex-
pressed by one truck manufacturer
who declined use of his name. I'VE
can't force our dealers to take on
more trucks" he said, until either
the Government or rationing boards
see fit to release them.
Therefore, the conclusion Is in
evitable. We just can't turn out
the trucks"
Evening star., 1942-02-22
Further Jump in Arms Output
Reflected by Factory Index
Reserve Bourd Barometer Advances
To 10 Per Cent of l935-1o39 Average

1t said that there were continued
rapid increases in the machinery
and armament industries and the
production Of chemicals. Cotton
textile mills reached a new high
level along with the meat packing
industry.
The board noted that January
retail trade was stimulated by wide
spread anticipatory buying, with
the result that department and
general merchandise store sales de-
clined much less than is usual after
the Christmas season.
Evening star., 1942-02-22
W. P. B. Tightens Control
OF Fibers and Cordaqe
BY the Associated Press.

BY the Associated Press.
The War Production Board yes
terday prohibited deliveries of agave
fiber, except to the Defense Supplies
Corp. and placed additional re-
strictions on processing, sale and
delivery of Manila fiber and cord
age.
Imports of Manila fiber, an es-
sential in manufacture of naval
rope, have been cut off entirely by
the war. Agave fibers, used chiefly
for binder and wrapping twine, are
imported from the East Indies,
Africa, Haiti and Mexico and w. p
B. officials said they anticipated a
sharp increase In demand.
Existing contracts covering agave
fiber deliveries were not affected by
the order.
Evening star., 1942-02-22
California Business
Continues to Climb
Special Dispatch to The Star.

Special Dispatch to The Star.
SAN FRANCISCO, Feb. 21.-Cali.
fornia business during January con-
tinued to register substantial gains,
according to the current Business
Outlook just released by the Wells
Fargo Bank of San Francisco.
The Wells Fargo index Of the
States business activity (l935-39
average equaling 10O climbed to
1868 last month from 1908 in De-
cember. The January, 194l, index
figure was 1897.
Comparing January with the pre-
ceding month, all four of the index
factors department store sales,
bank debts, carloadings and in
dustrial ,production) registered in
creases.
Evening star., 1942-02-22
Remington Arms Production
Far Exceeds Pace of Last War

ton nine months after ground was
broken, the company said; the Sec
ond in a somewhat shorter time,
and later undertakings were said to
be well ahead of schedule.
Government plants were in addi-
ton to substantial expansion Of
company properties, all of which
operated at capacity, it added. This
expansion, the report said, was
financed almost entirely from funds
advanced by the British govern
ment.
The company's tool-making facil-
tiles, while expanded to the limit,
were inadequate to meet company
needs, much less the requirements
OF the ordnance plants" Subcon-
tracing helped solve the problem,
the report said, but "it Is expected
that q continuing search for out
side sources will be necessary"
Evening star., 1942-02-22
War Bonds Purchased
By Laundry Workers

Ezra Gould, former Washington
banker who is now connected with
the Elite Laundry Co., reported
yesterday that of the 453 people on
the payroll, all but 13 have bought
stamps or United States Defense
bonds during the present month.
There were ample reasons why the
13 were unable to participate in the
campaign, Mr.. Gould said.
February sales already have
crossed the $4,000 mark. the pur-
chases being made through the pay
roll deduction plan put into effect
on February Z.
Evening star., 1942-02-22
S753,4 Jonuory Net
Reported by Erie
By the Associated Press

oy INC ASSocltted Press.
NEW YORK, Feb. 21.-Robert E,
woodruff, president Of the Erie
Railroad, reported the company's
net income for January. on the
basis OF its new capitalization, was
S753,440. 1t was the first full month
OF operation since the recapitaliza-
ton became effective.
Woodruff said earnings for the
first IS days Of February were about
Is per cent above a year ago, or at
about the January rate. The net
was after fixed and contingent in
terest, sinking funds and addition
and betterments funds.
The railroad executive said Erie
had modernized its accounting
methods and was charging deprecia.
ton to road as we'll as to equip
ment.
Evening star., 1942-02-22
McGill Staple Index
At New High Mark
Special Dispatch to The Star.

AUBURNDALE, Mass, Feb. 2l.-
The community price index COM
piled by the McGill Commodity
Service, Inc, advanced to Q new
high Of "a on February 20. This
compared with 800 at the beginning
OF the year and 75.7 in February, 1s4l.
The advance was the result of high
er prices for agricultural commod-
tiles as well as industrial and live
stock.
The higher average for the in
dustrial index was the result of
gains in fine textiles and vegetable
oils.
Strength in the agricultural in
dex was due to higher prices for
wheat, corn, oats. rye, cotton and
f1axseed. Lower prices in this group
were noted for barley, eggs, beans,
potatoes, and butter.
Evening star., 1942-02-22
Chicago Grain. Prices
Depressed by Drive
ToCurb Initiation
Wheat Is Unchanged
To "a Of Cent Lower,
Corn OFF "a to u
BY FRANKLIN MULLIN,

CHICAGO, Feb. 21.-Grain prices
were depressed today by indications
that the Government will not relax
its efforts to keep so-called infla-
tionary tendencies in check.
Bearish developments included a
Washington report that the admin
istration still is opposed to legisla-
ton forbidding Commodity Credit
Corp. sales of wheat and corn
at prices below parity. a statement
OF Price Administrator Henderson
concerning plans to combat infla-
tion, indorsing the use Of Govern
ment-owned commodities to check
price rises, and announcement that
farmers would be permitted to re-
deem 1883 corn under loan at
prices sharply below prevailing mar
ket quotations.
Although dipping about u cent
at one time, wheat closed unchanged
to 4 lower compared with yester-
day, May $l.30h- -1.30, July $l.31%-
q. Corn finished Nh down, May
87&-%, July 89h; oats unchanged
to Il higher; rye unchanged to u
lower; soybeans '%-1 higher, and
lard unchanged to 2 lower.
Laid to Holiday.
Some of the markets nervousness
was blamed on adjustment of ac-
counts for the holiday. The ex-
change will be closed Monday, Wash
ington's birthday.
Although the c. c. c. is offering
wheat and corn at prices several
cents below parity, traders said
sales recently have been limited.
Millers can obtain wheat in the
open market cheaper while the c.
c. C. has restricted sales Of corn to
feeders who can show certificate
of necessity, as outlined early this
month. Corn business was so large
in January that the c. c. c. has
not been pressing grain Tor sale, and
only small transactions have been
completed recently, mostly for
March or April shipment.
Meanwhile, corn professors, work
ing at capacity to meet wartime re-
uuirements for corn products, have
been forced to turn to the open
market for supplies, at the same
time drawing on large stocks OBJ
tanned from the C. c. C. in Janu-
ary. This has resulted in stimula-
ton Of commercial trade in corn, as
reflected by a sharp pickup in ship
ping sales and purchases from the
country recently.
Spot Corn Active.
With spot, corn prices unchanged
to u higher, shippers sold 10000
bushels to move eastward today
while dealers booked SO 900 bushels
to arrive from country points. No. 2
yellow corn sold at IS cents In the
spot market, highest of the month
and cent over the c. C. c. asking
price for March shipment.
The Government announced 1t
would permit farmers who still have
loans on 1883 corn to redeem
grain at 81 cents q bushel between
February % and April 30. These
loans cover approximately 100000
900 bushels and would have matured
October 1. This step was taken to
enable feeders to secure supplies
during spring months when demand
is heavy at prices substantially be-
low current offerings
Grain range at principal markets
today:
Evening star., 1942-02-22
By the Associated Press.

BRIDGEPORT, Conn, Feb. al
The Remington Arms Co., Inc. said
today that "in a single year the
company will produce more small
arms ammunition than was pro-
duced by all manufacturers in the
United States during all four years
of the last World War"
Reviewing the company's mill
tary activity, its annual report to
stockholders said the program
asked by the Government far ex-
ceeds any similar work in the 125
years of Remington's history.
1t listed as outstanding the COM
pany's work In connection with
Government owned ordnance
plants, which 1t said made up a job
that two years ago would have been
considered virtually impossible.
The first such plant was In opera
Evening star., 1942-02-22
Actual

The recommended rate for Texas
crude production was IS, 400 barrels
daily lower than that for February
and decreases appeared also in the
rates for Louisiana, Arkansas and
New Mexico. where large portion
of the production moves to the Gulf.
Reduced on West Coast.
Ickes said Pacific Coast transpor-
tation difficulties likewise were re-
fiected in a slight reduction In the
recommended rate for California.
A 10000 increase in the rate for
Oklahoma, according to the Petro-
leum Coordination Office, reflects a
recent steady decline in stocks of
crude of Oklahoma origin, most of
which moved to Mid-western and
Eastern centers of demand by pipe
line and tank car.
Minor adjustments in the rates
for other producing states, the an
nouncement said, were intended to
bring production more in line with
a sustained and more efficient basis
Of operation"
Evening star., 1942-02-22
Operations Continued
By Thos. Cook & Son
BY the Associated Press.

bg tnc ASSOclaleQ fIcSS.
NEW YORK, Feb. 21.-Although
the century-old travel agency, Thos
Cook & Son, has changed owners
the name of the agency will be re-
tanned and its organization will con-
tinue to operate throughout the
world.
Harold White, president of Thos.
Cock g. Son in America, said the
firm, which was founded in 1841
and was closely associated with the
development of railroads in the
British Isles, would continue busi-
ness as before under the same ban
ner.
The four principal British rail-
ways have been authorized by par
lament to purchase the agency's
capital stock.
Evening star., 1942-02-22
Oil Tie-Up on Gulf
Brings Iekes Order
For Output Cut
March Quote Placed
Slightly Below Levels
Of Previous Month
b. the Associated Press.

d. lne hSSOClhtcu EIcoSs
Petroleum Co-ordinator 1ckes to-
day set the March crude oil produc-
ton rate for the United States at
3.996,800 barrels daily, compared
with 4,101 300 in February and s.
579. 400 barrels in March of 194l.
The March production figure.
based on the Bureau of Mines fore
cast Of demand, is los, 900 barrels
a day less than for February de-
spite the continued heavy demand
for petroleum in Eastern consum-
ing centers. ----- =.
Ickes said the reduction reflected
particularly the fact that crude oil
and refined products stocks had
been piled up on the Gulf Coast
because of transportation diff
culties.
State Rates Listed.
He set daily production rates by
States for March and gave compari-
sons with February and March of
last year as follows:
Evening star., 1942-02-22
Cotton Futures Up
10 10 70 Gents a
Bale al Close
Coins Reflect Covering
On News Of Opposition
To Form Bloc
By the Associated Press.


NEW YORK, Feb. 21.-Cotton fu-
lures prices today moved within a
range OF 4 points and transactions
mostly represented evening up Of
contracts because Of the Monday
holiday. The close was 10 to 20 cents
. bale higher. .-
The mild improvement In prices
rejected speculative covering In the
face Of Washington reports that the
administration still was determined
to hold out against the farm bloc's
efforts to freeze Government-owned
commodities below parity. Hedge
Sellix,o uas Nukt The RANCE:
Evening star., 1942-02-22
Annual Meeting Called

The annual meeting Of the stock
holders Of the Hyattsvise Building
Association for the election OF di-
rectors will be held in the office OF
the association. 1926 Farragut street
Hyattsville, March 10 at 8 pm, 1t
is announced by Thomas H. Welsh,
president.