davidaulloa/AmericanStories huggingface dataset:
Evening star., 1942-06-04
'Pay-as-You-Go Policy
Adopted by Canada

SEIGNIORY CLUB, Quebec, June
4 canadian Press ).-Graham Tow
ers, governor of the Bank of Can
ada, told the annual meeting of the
United States Bankers Association
for Foreign Trade today that Can
ada had decided upon a policy of
pay as you go" in conducting the
war with consequent high taxes and
internal borrowings, and foreign
exchange control regulations.
Speaking to the bankers at their
first meeting in Canada. Towers said
that 1t had been necessary to make
sure that no lack of Canadian dol
lars kept the United Kingdom from
buying all the things they needed
to obtain in Canada"
This was done, he said, by partial
payments in gold early in the war.
then by the Canadian government
and the Canadian National Rail-
ways prepaying bonded debt held in
the United Kingdom, and then by
an interest free loan of $70O 600. 900
to the United Kingdom.
Harry Salinger, vice president of
the First National Bank of Chicago,
told the association that daily busi-
ness activities must not take prece-
dence over those directed toward
helping "our respective governments
in every way possible to prosecute
this war successfully"
In his presidential address Salin-
ger said Bankers must not hold
back, otherwise they will become a
drag and deterrent in q most vital
issue"
Evening star., 1942-06-04
Chicago Livestock

CHICAGO. June LP Omitted States
Department of Agriculture) .-Salable hogs.
5000; total. 16,5O0: slow: early trade
strong to 10 higher on 27O pounds down;
full advance on 240 pounds and under !;
later trade steady on all weights and
sows; good and choice, 180-330 pounds,
14.05-30; top, 1895 sparingly; 10000
salable sheep, 5000: total. $500; late
Wednesday: Shorn lambs and springers
fully steady good and choice, around 9S-
pound clippers, 1350-65; load medium to
good 93-pound southwesterns, 1870;
few good and choice native springers,
15.00-15; scattered sales downward from
14.50; ewes scarce; few fat kinds. 4.50-
500; today,s trade, lamb trade fairly ac-
tive and fully steady; around 8 loads good
and choice shorn old crop lambs with
mostly No: pelts. IL. .4O-65: odd-head
native sprinsers ID down from 1915; few
Salable cattle. 1000; calves, 1000;
strictly good and choice medium weights
and weighty steers strong on order buyer
account; several loads with weight turn
ing at 13. .75-14.30; all other grades and
representative weights weak; instances
1915 lower; largely 12.00-14.0 market;
weakness very apparent on kinds turning
at 1925 down to 1900 and below; heifers
weak to 25 lower; cows scarce but 1918
Oh on late rounds; heavy sausage bulls
steady; bIinging up to 1.S5; but light
bulls 1926 lower on kinds scaling under
1900 pounds; vealers. fully steady at
1880 down; stock cattle~scarce but slow.
Evening star., 1942-06-04
Washington Produce

BUTTER-93 score, tubs, SEA; 1-pound
prints, 40: hpound prints. 4011; 90 score.
tubs. 3S; 1-pound prints. 3S1z: h-pound
prints, 80; 81 score, tubs, 37t2; 1-pound
prints. 80; A-pound prints. 3Si2; 90 score
tubs 81; 1-pound prints, 3713: A-pound
prints. 3S; SO score, tubs, 361z; 1-pound
prints. 81; A-pound prints, 37l7; IS score,
tubs. SO; 1-pound prints, 361a; A-pound
LIvEsTocK-calves IA: sprins lambs
From Agricultural Marketing Admins
EGGS-Market steady Prices paid for
Pederal-state sraded esgs received from
extras. large. 34-35, average 3412: U. s.
extras. medium. 29h 81, average 30h; y.
s. standards, large. 81 80, average 81 "a;
y. s. standards. medilm. 1890. average,
29h: q. g. trades. 81. Browns: U 8.
extras. medium, 2sh 80. average SO: b. B.
standards, large, 31-31 ", average, 81: o.
8 standards mediums 27h-2s: average
Nearby unsraded esgs: Whites. 27-29
mixed colors. 1928. Receipts. Government
LIVE POULTRY-Market slightly weaker
on some classes. steady on others. Fowl:
Colored. 4 pounds and up, 21-22; Leghorn
hens, 3h pounds and up, 1916: No. 2s,
10-11. Boosters: 1915. Chickens: Della
ware and Maryland. Rocks and crosses
broilers and fryers, all sizes, 25: No. 2s,
15: Reds, %; Leghorns. 30. Turkeys: Old
toms. Is: hens, 20-2I.
Evening star., 1942-06-04
Bank CIearings Drop
sc Per Cent Under
Same 1941 Week
TotuI for % Cities
81 Per Cent Behind
Preceding Period
By the Associated Press.

By the Associated Press.
NEW YORK, June 4.-Bank clear
ings in the holiday week ended June
3 dropped 6.2 per cent under the
preceding week and 6.S per cent
below the similar holiday period last
year, Dun g. Braostreet reported
today
A sharp contraction of volume at
New York accounted chiefly for the
decline. New York's turnover was
$500 $50 900, down 167 per cent
from year ago, Boston and Dallas
also reported smaller volume than
for the 1941 week.
Total for % leading cities, includ-
ing the New York figures, was So
292, 2,172, GOO, against $6,748, ,927 900 in
the 1941 week.
Omaha clearingS showed the
sharpest advance, rising 518 per cent
over 1941 Other percentage gains
included Seattle, 40.8; Buffalo, 31.1;
Portland, Greg, 25.1; st. Louis, Oil.
and Denver, 20.5. Chicago volume
was up 3.6 per cent at S37l, 100000
Evening star., 1942-06-04
REGULAR.
London Bunk Report

LONDON June lP.-Sharp decreases
were reported in the weekly Bank Of Eng
land statement today. for private deposits
government securities which dropped
almost f13,000,000.
Note circulation continued its uninter-
Of s7S2, ,s39. 600, an increase of f4,30O, 900
over the previous week GO PSslie o6n eod deposits
iinfl The ratio Of reserve to liability this
week stood at 2O.7 per cent. compared
with 25.1 the same week year ago
ended June 3 follows Tin thousands OF
Circulation, 1872 ,93s: increase, 4,30o.
$3.50: decrease, 4,I54. Public deposits,
i6030: increase, s,424. Private deposits,
170.I57; decrease: 24,314. Government
Other securities, 2s.262: Increase, J1so.
Ratio of reserve to liabilities. 20,7 per
cent, compared with 21.1 last week.
Evening star., 1942-06-04
Federal Construction
Boosts Week Total
To S274,97t,0OO
Volume Compares With
$l63.227, 900 Awards
In Preceding Period
By the Associated Press.

By the Associated Press.
NEW YORK, June 4.-The last
weeks engineering construction vol
ume totaled $274,971, 900. compared
with $l63, ,227 900 in the previous
week and $3.50, 900 in the oorre-
spending period q year ago, the
Engineering News Record reported
today.
Federal construction accounted
for S248, ,81l 900 of the work for the
latest period.
For May the heavy engineering
construction total eciipsed all pre-
vious records st 81 Oh, ST., 900, the
publication reported. Federal ac-
tivities for the month involved
$93e 400 900.
Evening star., 1942-06-04
Income Taxes Reduce
Corporation Nets
Below Year Ago
STOCK and aies-
BY the Associated Press


NEW YORK, June 4.-The Ma
tional Industrial Conference Board,
research organization, today report
ed in a survey that a substantial
year-to-year gain in the income of
industrial corporations before Fed
eral income taxes and contingency
reserves in the March quarters was
converted by increased Federal in
come taxes into an equally large de-
cline in net after taxes.
The conference boards analysis of
income statements of 270 corpora
tions disclosed that net income after
taxes in the first three months of
this year was Is per cent below the
corresponding 1941 quarter. Earn
ings before taxes showed an in
crease of % per cent.
Comparison with figures for 1910
is even more striking in some re-
spects," said the survey.
Earnings before Federal income
taxes and contingency reserves rose
ia per cent during the two-year
period while net after taxes declined
IA per cent"
Evening star., 1942-06-04
100000 Issues
OF Virginia Public
Service Offered
Bonds and Debentures
Placed on Market by
Ninety-Four Concerns
~ the Associated Press.

~ the Associated Press.
NEW YORK, June Am under
writing group offered publicly today
$26, 900 900 In ~ per cent 30-year
first mortgage bonds, and SIC, 500 900
In l5-year 5 per cent debentures
of the Virginia Public Service Co.
The bonds were priced at l06%
plus accrued interest from February
l and the debentures at l02 plus ac-
crued interest from May /.
The underwriting group of "a
concerns was headed by Stone q
Webster and Blodget. Inc: Halsey,
Stuart & Co., Inc, the First Boston
Corp. and Kidder. Peabody 81 Co.
Proceeds of the two new issues
Evening star., 1942-06-04
New York Cotton
BY the Associated Press.

6y tnt ASo0CldNu frcos.
NEW YORK, June 4.-Sagging
tendencies in cotton futures came
to an abrupt halt today and prices
moved up more than 81 bale
Firmness in outside markets and
news that the CCC would not offer
cotton in June under the general
sales program restored buyers con-
fldence.
Anticipation Of a technical recov-
cry after the recent drastic shake
out and temperance of trade buy
ing lent momentum to the upturn
Other than hedging against loan
repossessions and the larger sales in
Southern spot markets. offerings
were scarce.
Later afternoon values were e5
cents to $110 q bale higher July,
1853; October, 1894: December,
1907, and March, 1925.
Evening star., 1942-06-04
Nelson Appoints
Group to Study
Oil Shortage
By the Associated Press.


Donald n. Nelson, War Produc-
ton Board chairman. appointed
special committee today to consider
the status Of petroleum supplies On
the Eastern seaboard.
Wayne johnson, Nelson's adviser
on petroleum matters, was named
chairman.
The committee will consult with
the Maritime Commission and the
ONCE of Petroleum Co-ordinator
Ickes In regard to recent pipeline
recommendations made by the Pc
troleum co-ordinator's ONCE.
The committee was instructed to
report its findings to WPB as soon
as possible.
Evening star., 1942-06-04
Baltimore Livestock

BALTIMORE, June up Omitted States
DEPARTMENT of Agriculture).-l1 am. quo
Cattle. 500. Including 100 holdovers;
all classes of slaughter cattle active and
IuIiy steady; steer top. 1900. for small
lot l,1OO-pound choice grade steers; good
TO choice grade yearlings averaging $50
990. pounds sold from 1415-50; good
soade eta f1a steers aysTssins pounds
steers averasins 1.ooo-l 16o pounds.
two small lots common Grade gras;
steers, 11.75; bulk Of Gamers cut.
ter and common grade dairy bred
cows, 7.50-10.0 90; several head fat dairy
bred cows, 10.o0-75; Young beef bulls sold
Upward to 1928; ssussse bulls sold Il 90 .
dwxd dOwnwsrd to 's4 500; snsn lot zs7-poand sound
common Grade stocker heifers, 9.25.
Calves. 200. Steady; good to choice,
1ieo5i4:o few Esht ~eisht, downward
Hoss. 1850; Steady with WsanesdssSS;
30 pouunSds, 1850, 1S0-1so @ pounds ss
SSS;sScs aSsass sSs. YssS
100 pounds, 13.30-55; packing sows,
sheep, 500 Steady; slow; top, 1900;
good to choice Grade, spring lambs. aver
aging 71-S3 pounds. 1901 1900; medium
to good grade, averaging 6s pounds, IA 90;
common grade, averaging 1886 pounds,
12.00-13 90; cu1 Erade, averaging 63.SS
pounds, 9.00-11. 90; few shorn ewes. $50
$50.
Evening star., 1942-06-04
London Market
Steady Despite
Profit Taking
By the Associated Press,

LONDON, June 4.-The stock
market closed steady today and
earlier gains were maintained de-
spite some proflt-taking.
British funds ended 1-16 higher,
while Brazilian bonds showed gains
of about II.
Industrials we're steady to firm.
Home rails closed flrmer. oils we're
quiet at slightly lower levels, KAT
frs uncertain and diamond shares
generally higher.
Postponement of Rhokana Corp. S
interim dividend until the full years
account becomes available caused
coppers to be easier.
Evening star., 1942-06-04
Foreion Exchange

NEW YORK. June 4 P.-Noon foreign
dollars, others in centsl;
Canada: Official Canadian Control BoaTd
ner cent premium: selling, IL per cent
premium. equivalent TO discounts on ca,
madam dollars in New York of buying 9.9l
per cent: selling, 90 per cent.
Canadian dollar in New York open mar,
ket, 10 per cent discount or 5000 united
States cents, down is cent.
E,irope: Great Britain, official Bankers
Foreign Exchange Committee rates., buying,
4 02; selling, 404 open market; cables
Latin America: Argentina official, 29.77:
free B 2On; Mexico. 20.67n.
fRates in spot cables unless otnerWise
indie atedO n Nominal.
Evening star., 1942-06-04
Rail LOAdinrs Down.

The Association of American
Railroads reported today that 705, ,756
cars of revenue freight were loaded
during the week ending last Satur-
day.
This was a decrease of Il ,992 cars,
or s per cent, compared with the
preceding week; q decrease Of 6,oz7
cars. or 08 per cent, compared with
q year ago, and an increase of 156 ,636
cars, or 245 per cent, compared with
1910.
The report classified the loadings,
compared with last week and the
corresponding week . year ago, As
follows:
Evening star., 1942-06-04
S3.22 Share Earned
By Lionel Corp. in
Fiscal Year
Result Contrasts With
$2.l2 Profit Recorded
In Previous Period
D, the Associated Press.

b, the Associated Press.
NEW YORK, June 4.-Lionel Corp.
reported today its profit for the
fiscal year ended February 28 was
$579, ,783, after charges and taxes,
equivalent to $3.22 a share. This
compared with 1881 ,085, or 1912 q
share, in the preceding year.
The report disclosed that the COM
pany. a manufacturer of miniature
electric trains, since 1910 has been
gradually converting its manufac-
turing facilities to war production.
The company's regular products will
be available In 1942, II was added,
although not in as great quantity
Evening star., 1942-06-04
SafeWay Stores.

SAN FRANCISCO. June (Spe-
ciaD Directors Of Safeway Stores,
Inc, have authorized a dividend of
SIPS per share on the per cent
preferred stock and a dividend of
rs cents per share on the common
stock. both payable July ! to hold
ers of record June Is.
Evening star., 1942-06-04

q 10 os ssns m
under Bankruptcy Act, or securities as
sumed by such COMPANIES. Rates Of divi-
disbursements based on the last quarterly
or semi-annual declaration. Unless other
wise noted; special or extra dividends are
rights. Also extra or extras. Cash or
stock: Declared or paid so far this year.
Payable in stock. 9 Paid last year. h Pay
able in Canadian funds Accumulated
dividends paid or declared this year.
Evening star., 1942-06-04
Jump Reported
In Montgomery
Ward Sales
,y the Associated Press.

CHICAGO, June 4.-Montgomery
Ward and Company, mail order and
retail merchandising firm, today re-
ported May sales of S50,76l,6l6, a
decline of ISL per cent from sales
of $60519,76l in May, l941.
Sale for the firt four month of
the company's fiscal year totaled
s202, ,191 ,243. up 81 per cent over
S196,913,097 in the like 194l months.
Evening star., 1942-06-04
Steel Furnace Retired

PITTSBURGH, June 4 (P.-
Carnegie Illinois Steel Corp, sub
sidiary of United Steel, announced
today that its Duquesne No. 4
blast furnace was blown in today
after having been closed for re-
pairs since May 8.
Evening star., 1942-06-04
InstoIIment Debts Drop

Apparently because Of Federal Re-
serve Board restrictions on consumer
credit, installment debts of GUS
toners to furniture, household ap-
pliance and jewelry stores all de-
clined from March TO April.
Evening star., 1942-06-04
Stock of Cunudion
Cut Further
By the Associated Press

b the Associated Press.
OTTAWA, June 4.-The Domin-
ion Bureau of Statistics reported
today stocks Of Canadian wheat In
store May 10 totaled 4l9, ,006 ,297
bushels. compared with 40, 500, ,7l3
the previous week and 467, ,331 .794 on
the corresponding date last year.
The total in transit on the lakes
was reported as 2.7o6.633 bushels.
against 7,2s6,362 last year, and in
transit by rail the total was q ,727.-
1872, against 2oy93S.o79 on the l94l
date.
Evening star., 1942-06-04

Spot cotton closed steady, IA points
higher. Sales, 742 Low middlins. 49, IS:
middlins. 1898: good middlins. 1910; re-
ceipts. 365; stock. 434 ,975.
Cottonseed oil closed steady. Bleachable
prime summer yellow, unouoted. Prime
crude. 2.50b. July. 13.52b: September
13:32b: October. IL. COB: December. 13.1Ob.
bid. Nominal.
Evening star., 1942-06-04
Washington Exchange
SALES.

Capital Transit Cos at 201s, 7
at 20l2.
Notwithstanding June this ex-
change will be closed on Saturday
during June, July, August and until
September H.
Evening star., 1942-06-04

All CIaSSnlCd9O1lS SllOWtu ucCIIueS
particularly miscellaneous freight,
with total loadings losing less than
the usual seasonal amount in the
week which included the holiday.
The Associated Press seasonally
adjusted index of loadings, based
on 1929-30 as 100. advanced to 892
compared with 87.8 the previous
week, and 90 a year ago.
1912. 1e41, 1910. 1899.
Hish 94.1 91.4 SOL 7S.6
Low - $50 1873 67.6 67.6
Evening star., 1942-06-04
North American Co.

PHILADELPHIA, June 4 [P).-The
Securities and Exchange Commis-
sion approved yesterday the dis
tribution of 155,000 shares of the
capital stock of the Detroit Edison
Co. and a dividend by the North
American Co. on its common stock.
The distribution will be made on or
about July /.
Evening star., 1942-06-04

win be applied TO the retirement of
all funded debt of the company and
the Virginia Public Service Gener.
ating Co.
Evening star., 1942-06-04
New ORLEANS Prices

NEW oRIEANs. June { GR.-cotton
futures advanced here today on short
covering and an oficial announcement
that no Government cotton would be
sold in June. The market closed steady,
IA to 8 points net higher
Evening star., 1942-06-04
Dividend Is Deferred
By General Printing
Ink Directors
Profit Uncertainties
And Big Gosh Needs
Cited in Omission
BY the Associated Press.

NEW YORK, June THE Gen.
eral Printing Ink Corp. announced
today that directors had decided to
defer action on the common stock
dividend usually payable July /.
Omission of the dividend, said
Albin K Schoepf, president. was
because of the impossibility Of
making a reasonable estimate of the
corporations net profit for 1912, as
well as the need Of maintaining a
strong working capital position"
The subject of a dividend pay
ment will be considered at the board
meeting next September, Schoepf
said.
For the first quarter this year the
company paid a 15-cent dividend
and in 1941 dividends totaled IS
cents share.
Plymouth Oil Co.
The Plymouth Oil Co. declared
dividend of 20 cents a share on the
capital stock, payable June 80 to
stock of record June 16. In recent
quarters 80 cents a share was paid
and on December % a dividend of
Ia per cent on stock was declared.
Evening star., 1942-06-04

War bonds are an investment In
Americas future. Nothing In the
world Is safer today. Buy!
Evening star., 1942-06-04

Make it . pleasure to lend yeur
treasure. Buy War bonds.
Evening star., 1942-06-04

.Ex dividend Plus extras. Paid 20
so far this year. egg extra extra S2'oo99
extra K 2Oc extra. m S1.5O extra. Faio
in 1o41. $1,000 extra.
Evening star., 1942-06-04
BONDS
PUBLIC UTILITY.
STOCKS

Ter RI & w Cp lst 4i4s 194S 1924
Evening star., 1942-06-04
Dividends Announced

NEW YORK. June 4 LP.-DividendS de-
ciared.
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-05-02
MARANATHA CHAPEL
NORTH at Pine
Rev. VIM. II Dunn, Pastor
e.

9:30-Bible School for all
ages.
HOO Morning Worship. Spe-
cial message in song and the
topic of the morning address is:
The Three Looks" We invite
you to spend this hour with us.
The Maranatha Young Peoples
League will conduct the evan
gelistic service at 7:45. Come
and hear these enthusiastic
young folks carry on for God.
They will do you good.
Tuesday Evening 7:45-Praise
and Prayer service for every
body.
Wednesday Afternoon at 2:3O
The Mid-week Circle of
prayer and church aid.
Friday Evening 7:45-A con-
tinuation Of the adult Bible
Study class on the subject, The
Wonders of Prophesy." This
class is free and open to all.
Bring your bible and friend.
A hearty welcome always
awaits you at MARANATHA.
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-05-02

on Sunday, May 3.
The Golden Text psalms
9:16) is: The Lord is known by
the judgment which he exc
cuteth; the wicked is shared in
the work of his own hands"
Among the Bible citations is
this passage Galatians CD: BE
not deceived; God is not mock
ed: for whatsoever a man sow
eth, that shall he also reap
Correlative passages to be
read from the Christian Science
textbook, Science and Health
with Key to the Scriptures" by
Mary Baker Eddy, include the
following (p. 542); "Sin will re-
ceive its full penalty, both for
what it is and for what 1t does
Justice marks the sinner, and
teaches mortals not to remove
the waymarks of God. To envy's
own hell, justice consigns the lie
which, to advance itself, breaks
Gods commandments"
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-05-02

thot he had and bought the
field that he might possess the
treasure. No price was to high
for him to pay.
This is Jesus estimate Of the
Kingdom Of God. THE King
dom Of God is like unto treas
ure hid in q field; the which
When q man hath found, he hid
eth, and for Joy thereof eoeth
and seIIeth oil thot he hath,
any buyeth that field" Do you
hold the same estimote2 Jesus
said, "Seek ye first the King
dom Of God and his righteous
ness; and all these things shall
be added unto you" We speak
Of THE unseorchobIe riches Of
Christ" Yet there ore many
who ore blind to the value Of
real religion. They will Poy
high prices for other comnodi-
ties but invest no time, no ot-
tention, no money no effort in
Gods Kingdom.
The price Of the best is oI-
woys all q man has. This is
true in every field, Thomas
Huxley, not q man Of religious
faith, once remarked, ut
doesn't axe much Of O man to
be q Christian, but it does toke
all there is Of him" Or. Charles
R. Brown, Of Yale University,
reminds US that this principle
applies in the field Of educo-
ton. You have to dig" for q
real education. The hidden
treasure is there only for the
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-05-02
GOSPEL TABERNACLE
Christian and Missionary
Alliance
"a Clair Avenue

GAS a. m, Sunday school.
HOO a. m, Morning worship.
Sermon by the pastor: 1T Is a
Sin to Be FEARFUL"
Gas p. m, Young Peoples
meeting.
1880 p. M, Evangelistic serv-
ice. Pastor DeShayes is begin
ming a new series of messages
on the Eternal Purpose of God.
Tuesday, 7;45 p. m, Special
program by the Wyandotte
Church.
Thursday, 7:45 y. m, Bible
Study. Chapters 10 and 20, of
Revelation.
Special Program
The young people Of the AL
lance Church Of Wyandotte,
Michigan, will present a pro-
gram entitled, The Challenge
of the Cross" at the Gospel
Tabernacle, Tuesday evening,
May 5th. Reverend d. II. Per-
mar, the pastor Of the Wyandotte
group, will take part and will
also speak briefly at the close of
the program. A cordial invita-
ton is extended TO all.
The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-05-02
FIRST CHURCH OF CHRIST,
SCIENTIST
North Avenue at Hubbard

Sunday services at lO:3O a.
n.
Sunday School at 11:45 a. m.
Wednesday evening Testi-
monial meeting at ZOO.
The Reading Room in the
church building is open Gaily
except Sun and legal holi-
days from 2 until 5 p. m. and
Wednesday evening after the
service.
The public is cordially invited
to attend the services and visit
the Reading Room.
This Church is a branch of
The Mother Church, The First
Church OF Christ, Scientist, in
Boston, Massachusetts,
Everlasting Punishment" will
be the subject of the Lesson
Sermon in all Christian Science
Churches throughout the world