davidaulloa/AmericanStories huggingface dataset:
Evening star., 1942-06-22
War Reports Depress
Stocks Fractions
To ; Points 2.
Mony Losses Reduced
Before Close and
Trading Slows
BY VICTOR EUBANK,


NEW YORK, June 22-The stock
market today took IT on the chin
from bad war news budget. but
w-s still in there fighting when the
final gong sounded.
The direction was downward from
the start, with steels, motors. mail
orders and blue chips suffering
losses of fractions to around 3
points. Sea ttered rails contested
the move Oils, coppers and utili-
ties generally held to a narrow
area. While advances were scarce
in the closing hour. extreme set.
backs were reduced in many cases.
Absence of real selling urgency in
the wake of the collapse of Tobruk
the critical Russian position at
Sevastopol and enemy shelling of
west coast territory was encouraging
to bullish contingents. Dealings,
fast for time, were exceptionally
sluggish after midday. Transfers
appropriated 325,000 shares for the
full proceedings.
included United States Steel.
Bethlehem, Chrysler, General Mo-
tors, Westinghouse, Allied Chemical.
Union Carbide, Eastman Kodak.
Philip Morris, Anaconda. Goodrich.
Douglas Aircraft, j. I. Case, Inter
national Harvester. United States
Gypsum and American telephone.
Santa Fe and Curtiss Wright were
among the few issues able to post
modest plus marks.
Bond prices, easy all day in reac-
ton TO the British defeat in Libya.
toward the close were fractions TO
more than a point under Saturdays
finish.
Evening star., 1942-06-22
Security Dealers Solicit
National Light Shares
BY the Associated Press.

BY the Associated Press.
NEW YORK. June 22-1n the
first move of its kind under the Sc
curities Act group of more than
300 security dealers throughout the
Nation today started a solicitation
for exchange of National Light &
Power S6 preferred stock for the
common stock of the Houston Light
ing g. Power Co.
Smith, Barney & Co., Lazard FIRE.
res e. Co., and Blyth e. Co. head the
solicitation as dealer managers
The offer of exchange of securities
is step in the proposed dissolu-
ton of the National Power & Light
Co. a holding company in the
Electric Bond & Share group. Hous-
ton Lighting and Power is a sub
sidiary of the former.
The exchange terms are two
shares of Houston Lighting common
for one share of National $6 pre-
ferred with dividend adjustments.
Members of the dealer manager
organization will receive as compen-
sation a commission of 81 share of
National $6 preferred exchanged as
a result of their solicitations.
Evening star., 1942-06-22
Heinz Co. Will Make
Plastic Plane Ports
P, the Associated Press.

p, the Associated Press.
PITTSBURGH. June 22-The H
J. Heinz Co., whose business normal
lv is canning goods. reported today
"large-scale" production of airplane
parts from plastic bonded plywood
will soon be started in some of its
plants.
The company said study of its
factories showed that some of the
equipment was adaptable immedi-
ately to specialized work-parti-
cularly the manufacture of plywood
aircraft parts"
Specific details Of the project
cannot be disclosed ''' but large
scale production soon will be
realized" the hrm added.
Evening star., 1942-06-22
Seller Alone Liable 10 0PA
In Federal Contracts

Week end steps to exempt war
procurement agencies and officials
from legal liability for paving above
ceiling prices does not exempt sales
to the Government from the general
price ceiling. Office of Price Ad-
ministration officials said today.
Ceiling provisions still are binding
on the seller in contracts made with
the Government. they said, except
in certain instances where specific
exemptions have been granted
Effect of an OPA amendment
yesterday was to put the entire
burden of reckoning ceiling prices
On the seller, instead of making it
necessary for the Government to
ascertain the applicable ceiling price
for each company receiving a Gov
ernment contract.
The action also has the effect
Of eliminating any possibility that
the Government would find itself in
the position of suing itself for viola
ton of the general price order
The change said the Official an
nouncement. in no way lifts the
price ceiling for the seller or relieves
the seller of any requirement of the
general maximum price regulations.
Evening star., 1942-06-22
Large Part Of Piano
Industry 10 Shift
To Arms Orders
srecisI Dispatch to The Star.

Srtclal Dlspatch 10 Inc Stat.
PHILADELPHIA. June 22-Un-
der a contract. the conclusion OF
which was announced today, a
large section of the American piano
manufacturing industry is to be
converted Immediately to production
OF military aircraft parts.
The plants, machinery. facilities.
administrative and operating per-
sonnel of William Knabe g. Sons,
Chickering & Sons, and the Mason
Il Hamlin Co. at East Rochester.
N. Y. have been leased for the
duration of the war emergency to
Universal Moulded Products Corp,
which has large contracts with the
manufacturer of aircraft for the
Canadian and American govern
ments.
The arrangement insures the
continued and expanded operation
of these plants, which otherwise
would have to be shut down under
the freezing orders of the War Pro-
duction Board.
Announcement of the transaction
was made from the Office OF Arthur
E. Pew, jr., vice president. and dl-
rector OF Sun Oil Co. and owner OF
the controlling interest in Universal
Moulded Products.
Mr.. Pew pointed out that the
arrangement was an especially
happy one because the precision
machinery used in piano construc-
tion is particularly adapted to the
requirements of aircraft manufac-
ture, in which the closest tolerances
are essential.
In taking over both specialized
equipment and skilled operating
personnel the transaction fits into
the War Production Boards policy
wherever possible the facilities OF
industries curtailed or discontinued
under wartime requirements. The
plants are owned by the Aeolian
American Corp. and comprise six
main factories with approximately
$4,000 square feet of manufac-
turing space. occupying about 36
acres. Gardner C. Kavanagh, pres
ident of Aeolian American Corp,
will become a vice president of Uni
versal. heading the administrative
and mechanical force that Is to be
shifted to the new activity. The
plants will operate as the Rochester
Division Of Universal Moulded Prod
ucts Corp. Robert A. Hill. general
factory manager, will also continue
with the organization.
Evening star., 1942-06-22
FPCCuts Valuation
OF Niagara Falls
Power Plant
Cost of S24,680, $50
Is Allowed After
20-Yeor Dispute
F, tfe Associated Press.

F. tfe Associated Press.
A 20-year controversy over the
cost of the Niagara Falls Power
Co.'S big hydroelectrical power de-
velopment at Niagara Falls. N. Y,
was terminated today with an
nouncement by the Federal Power
Commission that it had determined
the Actual legitimate cost" of the
plant to be 24,68O, $50 as of March
2, 1921.
The commission diSalloWed SIS
1877 .688 of the S44 .453.868 book cost
of the fixed capital in service on
the 1921 license date and reserved
for further consideration items to-
failing 1895 500 representing the
book costs of lands. interest and a
-four mill purchase.
The actual cost of the project,
known as project No. l6. set by the
commission was less than half the
S57 7.3l5,863 which the company
claimed as the fair value of its
property in applying for a license
in 1920
NFIte-upS ENcluOeO.
The commission said that most OF
the amounts disalloWed in deter
mining the actual legitimate cost
represented write-ups placed on the
books of the licensees predecessor
companies, Cliff Electrical Dis
tributing Co.. Hydraulic Power Co
of Niagara Falls and the Niagara
Falls Power Co. which were con-
solidated into the present company
by a special act of the New York
Legislature IN 1918.
A write-up of sl1800,482 on the
books of the Hydraulic Power Co.
was characterized by the commits
sion as fragrant example of out
right initiation"
Three days after the hydraulic
company was organized in 1910, the
commission said. it absorbed the
Hydraulic Power and Manufactur-
ing Co., described as the original
company of the Schoellkopf in
terests.
Points to Record.
"As the record clearly shows" the
commission said. the book cost of
the Schoellkopf properties ''' was
increased sll 300 .482 in this merger
without any pretense at arms
length bargaining, without a dollar
of additional investment and with
out any change in the stockholders
or the property
The commission added that the
new company issued IS 800 of securi-
ties for every 5000 of stock of the
original Schoellkopf Co.. an increase
of $500 per cent.
Under the terms of the order an
nounced today, $l5,537 .943 of the
total amount diSallowed must be
removed from the account books OF
| the project and within so days
placed in the earned surplus account
of the company. The balance of
s249.74 must be transferred to
other accounts.
Evening star., 1942-06-22
.OPA Rules Tox Rises
Nav Be Added to Prices
By the Associated Press.

bN THt HSNUtTdItU fItNS.
In an amendment to price ceiling
regulations. the Office OF Price Ad-
ministration ruled yesterday that
any tax increase may be passed on
to the purchaser provided the in
crease is stated separately from the
selling price
The ruling applies to excise. sales.
gross proceeds. gross receipts and
similar taxes 1t is not effective if
the tax law or ordinance prohibits
the tax from being passed on.
Evening star., 1942-06-22
reosury Issue
lOyersubscribed
By Big Margin
ht Associated Press


The Treasury announced today
that subscriptions totaling $3,l13,-
900 900 were received last week for
ST 500 100000 of hs per cent certifl-
Gates of Indebtedness.
Investors who asked for amounts
up TO and including $4,000 were
allotted the full amount of their re-
quests. Other investors were allot-
ted so per cent, but not less than
s25 900.
Evening star., 1942-06-22
FOREIGN Exchange

NEW YORK. June % ,Pp.-Noon foreign
exchange rates follow Great Britain in
dollars others II eents,; c,
Board Rates for United States Dollars:
Buying, 10 per cent premium: selling
selling, / Ger cent premium; equivalent
to discount on Canadian dollars in New
York of buying, a.a1 per cent; selling, Q %
per cent.
Canadian dollar in New York open mar
ket, 10 per cent discount. or 5000 U. s.
cents.
Europe: Great Britain. oficial Bank
ers Foreign Exchange Committee rates..
buying, 4.04; selling, 4.o4. open market;
cables. 4,04.
Latin America: Arsentina, ofhcial.
% -: free, 316o, up 50 cent Brazil.
unofficial, 6.O5n; free, 5.20n; Mexico.
20 61n.
Rates in spot cables unless otherwise
indicated.
Mammal
Evening star., 1942-06-22
Retailers Can Post
Printed Price Lists
B, the Associated Press.

bN INt hSSUCIdVtN F1FNS.
Drug and hardware stores. jewel
ers and other retailers who must
have statements of maximum prices
on file for public inspection by July
l may use catalogues or similar
printed price lists supplied by whole
salers. manufacturers or trade or
ganiza tions. the Office of Price Ad-
ministration said today as long as
they include every item in stock
which is covered by the ceiling.
Evening star., 1942-06-22
Visible Grain Supply

NEW YORK. June % (P.-Visible
supply of American grain showed
the following changes from a week
ago Gin bushels: Wheat decreased
$4,000; corn decreased $4,000; oats
decreased 10000; rye increased
5,0O0 and barley decreased 152 900.
Evening star., 1942-06-22
Dividends Announced
Odd-lot Declines

PHILADELPHIA. June % lP.-The Sc
curities Commission reported today these
dealers or specialists on the New York
Stock Exchange for June 90; ISL pqr-
involving 1927 shares including IL short
sales involvins 303 shares.
Evening star., 1942-06-22

Approximate Sales. Tslay.
400 AM LA. 900 1900 Noon l76. 400
100 PM $500 ZOO PM. 249, $50
ara 200O
Evening star., 1942-06-22
Baltimore Stocks
Commodity Prices
Special Dispa tch to The Star.

NEW YORK. June 22,-The Associated
Press weighted Wholesale price index OF
As commodities today advanced to 9s 0s.
Previous day. .es.o5: week age; e7.74'
1912. l941. 1910. 1a33-39.
Elsn Eoa M Mss.s4 ssss ssss.os ss.sS s TIA
ue2o averase equals 1909
Evening star., 1942-06-22

tUnit of trading. ten shares: sales
printed in full In bankruptcy or reeelver-
ship or being reorganized under Bankruptcy
Act, or securities assumed by. such COM
panies Rates of dividend in the FOREGOING
table are annual disbursements based on
the last quarterly or semi-annual declara-
ton. Unless otherwise noted. special Or
extra dividends are not included. xd E1
dividend. xr Ex rights. a Also extra or
extras. d Cash or stock, Declared or paid
last year Payable in Canadian funds.
Accumulated dividends paid or declared
this year.
Evening star., 1942-06-22
Steel Quotutions

NEW YORK, June 90 tP.-Steel prices
Rer 100 pounds. fob. Pittsburgh
Hot rolled sheets. base price, 40.
Galvanised sheets. 3s50-
Steel bars. 2.15,
Evening star., 1942-10-18

solidly constructed of,even-
grained Douglas fir! At
tractive modern design with
reeded legs and continuous
back posts. Smoothly sand
ed and ready for your paint
brush.
At All Four Efor.s
Evening star., 1942-10-18

Buy for your own needs
and tuck several boxes
away for gifts! Full size
sheets, folded sheets, vel
lum and linen finishes in
cluded.
Evening star., 1942-10-18

Chiffon and service rayon
hose in a practical medium
weight. Mercerized cotton
toes and heels for longer
wear. wa t ed shades.
Sizes 81a to 1917.
At Three Department Stores
Evening star., 1942-10-18

Double breasted plaid coat
with solid color sleeves; bib
front ski pants. Kasha lin
ing. Sizes 4 to 10.
Turbon, reg. 59e----49e
Wisconsin and Bladensbur1 Stores
Evening star., 1942-10-18

Patriotic home owners who
are burning coal this win
ter will need these IN
gallon cans with double
bottom and two strong rope
handles.
At All Four Stores
Evening star., 1942-10-18

Smoothly coated with oil
and water colored in green
or buff. There's no better
time to replace your worn
shades than in this one
day sale!
At All Four StoreS
Evening star., 1942-10-18

White cotton broadcloth,
woven stripes or figures.
Full cut, Sanforized shrunk
1Te shrinkage). Non-wilt
stand-up collars. Sizes IA
to II.
At All Four Stores
Evening star., 1942-10-18

Top grain cowhide bag
which is a favorite with
men. 10 inches long, with
studded bottom and extra
strap across the top.
Bfddensburc and Wisconsin store,
Henderson daily dispatch., 1942-04-21
FIJI Seeks
Nazii Filler

Detroit, April 2I-(APD-Federal
agents, warm on the trail of a nazI
flier who escaped from a Canadt2A
concentration camp. held a Gcrman-
born cafe proprietor and a Woman
today as alleged accessories WnIie
pursuing th,ir hunt for the fugitive
The FBI seized Max Stephan, ~
wear old n~aturalized American. and
a woman Of German descent, accuS-
ing both Of unlaWfulfy conceallNg
and harboring 2l-year old l~leutnh2nt
Peter krug, combat flier of the Ger
man army.
John S. Bugas, chief of the De
troit office of the FBl. sad the two
had assisted krug after he reached
here alter his flight from the con-
c~en1ratlon amp in Canada. Bu2as
did not disclose The WOman'S IDENTIFY,
but said she va the wife nf q war
nlant Worl-er-
Henderson daily dispatch., 1942-04-21
Form
Bicycle Army
On West Front

London, April! 2l.-lAPD-FIeld
Marshal General Cart o iiunstcdt
is building up a nazi bicycle army
in northern France and Belgium IN
defense against new British COM
mandO raids and a possible INVASION
attcmpt, informed Dutch sources re-
ported today On the basis OF lnlorma-
ton received from their homeland.
They said Dutchmen who escap-
cd from Holland brought word that
the Germans hay, been exploiting
the large bicycle factories in the low
countries and in Denmark to the Ut
most in recent weeks, taking the
entire production for the army.
This move was said TO be mo-
tivatcd by the need 10 speed up IN
fan;ry IT., nsport while the bulk o.
nazi trucks and cars are being used
on the Russian front.
The Dutch refugees also reported
growing anxiety among the nazi &C
cupation troops over the prospect Of
Continued on PAGE Eight
Henderson daily dispatch., 1942-04-21
Panamanian
Ship Struck
By Torpedo

Wilmington, April 2l.-(AP)- n
Panamanian registered merchant
ship was torpedoed off the Atlantic
coast with the loss Of three lives
April y after it crossed a nest OF
three enemy submarines.
F~ortv-eieht officers and men were
sa,-ed and the ship. with d huge hoe
m Is port side, was toWtd INTO d
port. The crew was composed '0alhly
of FiIlrinos.
Survi> ors said a thud was ~.
shortly ter midnight oaturda
April II, bu m inspection OF the shlI'
tailed to sho any damage. Abou'
40 minutes late here was d telllllc
Explosion and CAPITA A I. Lasan OF
Woodberry, N. j, IN nedlately IS
sued al order to abal don snip,
Henderson daily dispatch., 1942-04-21
Churchill
Okays Plan
0fNew Staff
British Army, Navy
ana AK Force Linked
Into Single Gigantic
Combat Team; Other
y e v G | 0 p m G n S
on European Front.
(By The Associated Press

United States Warplane5,
now blasting The axis on man%
front are already beng ferfied
IT, British oporational bases to
Ioin i'm lhc RATS spring aerial
offensive against the continent,
Houd0n sources reported today.
At The same >lme, a BrltlSh
>pa hy~man disclosed the Prime
Minister Winston Cnurchlll has
anprUteU a plan to organlZa a
combined operations stat, INK
.IHu Britain army, navy and ar
force INTO Il single gigantic COM
bat ceam.
the move to coordinate the
three british fighting services
perhaps as a prelude to an allied
invasion of nazi-d dominated Eu-
~rope-closely followed confere-
enreS by General George {. Mar
shall. I. 5. Army chief OF staff
and Harry Hopkins, President
R~no,eVrl:'s representative, with
British military and political
leaders.
London observers said they
expected to see the red, white
and blue insignia of I. ). Army
bombers in the sky II day now.
Other developments:
Sea Warfare-A Berlin radio
broadcast asserted that more than
2.010.000 tons of shipping had Deeh
zUnk by sXis submarines operating
off. the American Atlantic and Pa
e.f.c coasts in the last three months.
tNotc: This figure is far n excess OF
losses disclosed by The United States.)
The broadcast said that ~l,712,9oo
TONS Of British and American ships
bad been sunk off the Atlantic sea-
board between January IS and Aprll
IS nd that Japanese underseas raid
avs in the same period had sunk y
hip, off the Pacific coast.
Nichy crisis-Admiral Jean Oar
I'm. commander of all Frances arm
ed forces, told his fighting men that
~.ou can rely on me as | rely on
vuI TO proceed further along the
path of honor and to defend the
crpirc."
With this cnigmatic expression,
Dar)an left open the III important
question OF how far the path OF
louor" would lead toward active
military aid to Germany, now thal
,sc new pro-nazi premier, PIERRE
Laval, has pledged the conquered
republic TO solidarity with the reich,
Russian campaign-SoVlet para
chute troops, described as strong
enough TO free German-occupled VII
lagos "and hold them against an
counter attacks" were reported
landjng behind nazi lines, while the
Red army also reported gains on
thc Moscow and Leningrad fronts.
Soviet dispatches said Russian
(CCotinled on Page FOllr)
Henderson daily dispatch., 1942-04-21
Added Shortages
In Sueed Accounts
Mrs. Leahy
Dies In Vichy


Nichy. Apri! 2I.-tAP)-Mrs.
William u. LeahY, wife OF me
United States ambassador 10
France, died her" today. She ur-
derWcnt a major operation asst
week.
Mrs. Leahy, the former Loulsr
Tennctt Harrington, had been III
i'll health for several years. Late
in 1910, she travelled frcm tic'"
TO Lisbon to spend several week
in Portugal at the same time the
couples only son, William VI.
Lcahy, an officer in the United
States Navy, was there.
She and Admiral LcalY were
married on February ;, 1901.
Henderson daily dispatch., 1942-04-21
FINALS SPEAKER.

Continued on Page Eight
Henderson daily dispatch., 1942-04-21

(Cortinued on Page Foul
Henderson daily dispatch., 1942-04-21
BACK IN ENGLAND

London. April 2I.--(AP)-Sir
Stafford (ripps arrived back in
England by plane today from his
unsuccessful special mission 10
seek am agreement between
Great Britain and Indian lead
ers on midas political status
during and after the war.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-06
Milk Mixture For
Stomach Ulcers

a recent medical discovery now
being used by doctors and hospi-
tails everyw here has proven
unusually successful in the treat
ment OF stomach ulcers caused
from excess acid. II is harmless
preparation yet so effective that in
many cases the pains ~ stomach ulcers
disappear almost Immediately after 2
il used A lso recommended for gas
pains ind gestion and heartburn due 70
hyperacidity. Sufferers may now try
this at home by obtaining bottle OF
Lurin from their druggist. Lurin con-
taiRs this new discovery in it's purest
form. Easy 70 tAke.-JHst mix two
tesspOonfuis in half glass OF milk.
Costs but little. Try n bottle, IL must
satisfy or money refunded. Lurln for
sale by Cunningham and drug stores
everywhere.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-06
Ship OufsInarfS laps
SeapIane Tender Dodees IS Bombers in 7-Hour
Attack. Shoots Down One. Damages Others

Thomas s. Hart, commander in
chief Of the Asiatic fleet, with the
feat that he Immediately awarded
the navy cross 10 Lieut.. William
Levcrcite kabler skipper Of the
Heron. and recommended him for
10 lieutenant com.
mander.
Due 10 very skillful handling,
the ship most -cnurageOusly
fought against Overwhelming
odds" the communique said in
tribute 20 kabler and his crew.
kablers home is az Bristol, Va.
In the same CommunlQue. the
navy disclosed the capture IN the
Atlantic Of the merchant ship Mar
com which was flying the Pana-
manlan flag but was reported 10
be Of Italian ownership.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-06
Raj Filters Thank US0
For Gift Made Here

Capt =. W. Trott Of the Raj
dclcCannn in Washington, today
laudod a USO gift Of cricket equip
mcnr 10 Raj filters AT Crosse lie
Naval Aviation Base as an action
which viii have an effect of
ccmcnt.nS tho friendship Of Eng
land and the United States. Trott
expressed rms gratitude for The
GIFT IN q letter 20 Charles +. Boyd
OF The $50 planning committee.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-06
Clipper Returns
From War Zone

NEW YORK, Jan 6 dNSD.-
With 3l50o-mile globe glrdling
flight behind il, the Pan American
Pacific clipper dropped down al
LaGuardia Airport seaplane base
today after having Skirted the war
in the Pacific safely under a pre-
arranged emergency route plan.
The clipper arrived at Auckland
~. T., December THE day Japan
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-06
Trousers Without Cuffs

PHILADELPHIA. Jan 6 ms
The American male in few
months wall be wearing two
button. Slngle-brcaStcd suit, with
out cuffs on tho trousers, IrvIn
Bender Of Baltimore, vice prcSi-
dert-of the international ASSocia-
ton Of Clothing Deslg nerS,
predicted here today.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-06
MitkIe Suspends
Koch for 30 Days

The civil service commission 10.
day received an order from d.
Grant Mickle. chief traffic engi-
neer, suspending Harry r. Koch,
associate traffic engineer, for 30
days.
Koch, whose suspension is ef-
fective as of December %, was
arrested the day previous on a
charge of driving while intoxi-
Gated.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-06
CATERING TO ALL

Frank Tiernan, court officer,
Strengthened his tie Self-conSciously
as he called court 10 order yester-
day. He said his Hear We. hear
ye' flanked by the red-headed
Judge. her brunei clerk, Betty
Holden, and her blond court re-
porter, Amelia Price.
The trio Kept crowds saying all
day as they left the courtroom:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-06

Prisoner Weston, 40, Of
$3.50 Archdale avenue, pic
tured in custody after arson
squad detectives reported that
he had confessed starting four
separate fires around the plant
of the Mills Baking Company,
employer Of his for IS years.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-01-06

struck in the Pacific-on a routine
flight and from then on without
passengers, freight or mail, il fol-
lowed the emergency flight plan
which carried IL around the globe
and safely into New York.