davidaulloa/AmericanStories huggingface dataset:
Evening star., 1942-06-04
Committee Formed
To Offer Plans for
Inventory Control
First Meeting of Group
Set Next Tuesday
In New York
BY the Associated Press,

NEW YORK, June A commit
tee composed of representatives of
nearly 20 national retail trade or
ganizations has been set up to COM
pile retailers views on proposed
War Production Board inventory
control and submit recommended
tions and comments to the Govern
ment agency, it was announced
today.
Formation Of the committee was
the outgrowth Of a joint meeting
of the American Retail Federation
and the National Retail Dry Goods
Association. The first meeting of
the committee will be in New York
next Tuesday.
DR.. David R. Craig, president of
the federation, said the need for
inventory control had not been
definitely established and that a
representative from the WPB would
be invited to attend the first meet
ing of the committee to explain the
Governments case.
David r. Craig, president of the
federation, said last night that rep
resentative retailers had suggested
an eight-point formula for inven-
tory control.
More than 300 executives and
merchant members of II national
retail trade associations met to dis
cusS the need for inventory control
after indications that the War Pro-
duction Board was considering an
order which would restrict inven-
tories.
A survey by the federation. Mr..
Craig said, showed that retailers felt
the following eight principles should
form the basis for a formula to be
presented to the WPB:
l. The effective date of any pro-
gram should not be earlier than
January l, 1943.
2. Differentiation between goods
with different rates of turnover.
3. Adequate allowance for in
creased sales in war production
areas.
4. Adequate allowance for COM
paries which have expanded their
capacity during the past year or so.
S. Additional allowance for those
distant from markets.
6. Provision for special seasonal
problems of inventory control.
7. Simple administrative require
ments.
8. No inventory control on goods
which are not scarce.
Mr.. Craig cited statistics of the
Federal Reserve Board showing that
department store sales increased
26.9 per cent in March. 1912, and
only 8.5 per cent in April, but that
stocks as of March this year in
creased 48 per cent and 592 per
cent in April over comparable
periods in 1941.
Mr.. Craig said that while May
figures were not yet made public, it
was known that the inventory ac-
cumulations had stopped. He said
the general maximum price regula-
tion had taken the heart and the
motive out of retail accumulation. +"
The accumulationS of inventories
to their present level. and even be-
yond, would be justified by sound
business practice in sellers mar
ket such as we have had for the past
six months" he added.
Evening star., 1942-06-04
Climb
Fractions 10 81 on
Stock Market
Motor and Specially
Issues Account for
Most of Strength
BY VICTOR EUBANK,
Associated Press financial Writer

NEW YORK, June 4.-The stock
market today took the japanese
bombing of Dutch Harbor in stride
and leading industrials were bid up
fractions to around points.
While yesterdays last-minute
runup brought in occasional profit
selling, rising inclinations at the
start restricted offerings. Motors
and specialties accounted for the
principal strength and number of
favorities touched best levels for
the year. Steels, rails, coppers, oils
and aircrafts were relatively mar
row. Gains we're reduced in most
categories before the close.
Dealings, fast in the first hour,
Slackened after midday but trans
fers approximating 100000 shares
were the largest since May 81.
The feeling in Wall Street was
that European war developments.
including persistent aerial blasts
at Germany, far overshadowed the
latest Alaskan thrust. A little buy
ing timidity was blamed on the
still cloudy battle pictures in China,
Russia and Libya.
Dupont pushed up in the face Of
the indictment of this company,
together with several other explos-
ives manufacturers, on charges of
violating antitrust laws.
Stocks in the new high class in
cluded General Motors, Chrysler,
Goodyear, United States Rubber,
Montgomery Ward. American Can,
Pepsi-Cola and Pan-American Air
ways.
Ahead the greater part of the day
were American Telephone, Westing-
house, AmericanTobacco "B," Sears
Roebuck, Dow Chemical, Union Car
bide. Philip Morris, Woolworth. J. C.
Penney, Public Service of New Jersey
and Consolidated Edison.
United Aircraft slipped to a new
bottom for 1912 before getting sup
port. Lower at intervals were New
York Central, Great Northern. Ana
conda, Goodrich, Douglas Aircraft
and Standard Oil New Jersey.
Bonds Up Fractions.
Fractional gains were well distrib-
uted through the bond market. with
rails more active and making a bet
ter showing than other groups.
United States Governments we're
extremely quiet but maintained a
generally steady undertone on the
stock exchange and over the counter.
Evening star., 1942-06-04
Value of Listed
| Shares Boosted
| During May
BY The Associated Press.

BY the Associated Press.
NEW YORK, June 4.-The May
rise in the stock market added ST.
464 ,5l8,321 to the value of shares
listed on the New York Stock Ex-
change, it was disclosed today in the
exchanges monthly compilation.
Total value of all listed stocks on
May 20 was s32,9l3, ,725, ,225, an av-
erage of s2240 each, compared with
s31 ,449 .206 .904, or an average of
S21.41 on April 30.
The upturn in May followed sew
eral months of steady decline is
security values.
Evening star., 1942-06-04
Three Utility Concerns
Reveal Lower Nets
In -Four Months
Transit Income, However,
Is Far Above Results
In 1o41 Period
By EDWARD C. STONE.

Three OF washington 1Our Dig
utility corporations registered slight
ly lower net earnings in the first four
months of this year than in the
like 1941 period, according to reports
just filed with the Public Utilities
Commission. While operating rev.
enues were higher, very heavy re-
serves for taxes and increases in
other expenses cut down the final
returns.
The Capital Transit Co. had a net
income in the four months Of
S454,741, a gain of $83 1886 % over last
year, or % per cent An increase of
$685. .285 in revenue passengers over
194l, Al per cent gain, was vital
factor in the fine showing.
The Potomac Electric Power Co.
reported net income of Sl,470,-
O8l 66, off $50, ,429 ga from the same
l94l period and a drop of 203 per
cent. The report revealed operating
revenues up II per cent and ex-
penseS up 18 per cent. Tax reserves
were 42 per cent higher.
The Chesapeake g. Potomac Tele-
phone Co. showed net earnings Of
s465 298 in the four months, a de-
crease of S142,383 Higher operating
expenses, including taxes, account
for the drop, although interest de-
ductions were also larger than a year
ago.
The Washington Gas Light Co. re-
corded a decrease in net income of
$3.50, ,226 in the four months, COM
pared with last year, net standing
at $812,779. Curtailment of mer-
chandising activities because of the
war and higher expenses caused the
modest letdown.
May Express Shipments OFF.
Express shipments in and out of
Washington in May were 27 per
cent lower than in the same month
last year, the first decrease in manv
months. Supt. w. o. R. Hannah of
the Railway Express Agency re-
ported today. May shipments num-
bered 198,495, against 203,913 in
May, 1941, a decrease Of 5,419.
1t was at this time last year that
business took a tremendous squirt in
Washington and set a terrific pace
in express activity. This year. with
a holiday on Saturday and the last
day Of the month coming on Sunday,
a good deal of business had to be
carried over to June, officials ex-
planned.
Shipments in the first five months
of 1912 are well ahead Of 1941, Supt.
Harmon said. This year 993 1886
packages were handled against 934,-
159 in the like period a year ago. an
increase of 59,676 shipments. The
volume in March was the best so far
in 1912; the monthly comparisons
being as follows:
Evening star., 1942-06-04
Wholesale Price Index
Highest in IS Years
By the Associated Press.

By the Associated Press.
The Labor Department Whole
sale Price Index advanced OIL per
cent in the last week of May to e8
per cent of the 1926 average. the
highest point in more than Is years
Continued advances in prices for
agricultural products, particularly
livestock, accounted for the advance
In the past II months the index has
risen 16 per cent.
Except for an advance of more
than l per cent for farm products,
there was little change in commodity
prices in primary markets. The
advance in prices for livestock
brought the farm products group
index to the highest point since Sep
tember, 1929.
Evening star., 1942-06-04
Alabama Steel Rate
At Record Levels
BY the Associated Press.

BIRMINGHAM, Ala, June A.
Steel and iron production in Ala
bama was at record levels this week
with new facilities adding substan-
TALLY to output, especially in ship
building steel.
Improved blast furnace methods
and the addition of two new fur
naces to production have removed
the raw materials .bottleneck for
Alabama steel plants.
All of the States 81 blast fur
naces are in production.
Evening star., 1942-06-04
Pick Buys Hotels

CHICAGO, June 4 R.-Pick
Hotels Corp. today announced the
purchase of three additional hotel
units. They are the Miami Hotel,
Dayton, Ohio; the Pick Ohio,
youngstown, and the Durant, Flint,
Mich. All had been under lease to
Picks. The transactions totaled ap-
proximately $2,500,0
Evening star., 1942-06-04
CTIONS ON THE NEW YORK STOCK EXl

11:00 AN 137.800 1900 Noon 233. 500
100 PM 343.500 200 PM AIT, 100
Total--------- 524,300
tUnit of trading. ten shares: sales
printed in full. In bankruptcy or receiver
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 Ex
dividend; xrEx rights. q Also extra or
so far this year Payable in stock. Paid
last year. h Payable in Canadian funds
this year
Evening star., 1942-06-04
Goodrich Official RESIGNS

NEW YORK, June 4 [P.-John L.
Collyer, president of the B. F. Good
rich Co., announced yesterday v. I.
Montenyohl, vice president of the
rubber concern, had resigned be-
cause of health. He had been with
the company for IS years.
Evening star., 1942-06-04
Convention DeIegates Listed.

Convention Delegates Listed.
Washington Chapter, American
Institute of Banking, will send g
strong delegation to the annual con-
vention which opens next week in
New Orleans, it was announced to-
day. The party, which leaves here
Saturday night, includes:
John M. Christie, Riggs Nationa,
Bank, retiring president of Wash
ington Chapter; George NJ. Rowzee
jr., Lincoln National, incoming
president; 1. ]. Roberts, Riggs Ma
tional; J. Earle McGeary, M. Eliza
beth Rowzee, Walton L. Sandersor
and Kenneth o. Hultze, Hamilton
National; Edward M. Blaiklock
Washington Loan & Trust Co.;
George B. EarnShaW, National
Metropolitan, and Douglas R. Smith
National Savings & Trust Co.
Mr.. Roberts has been to far more
institute conventions than any other
delegate. The delegates will make
every possible effort to secure the
election of Mr.. Sanderson to the
National Executive Council. The
program will be devoted largely to
banking problems brought on by the
war.
Savings Bank Trustees Named.
Stockholders of the East Wash
lngton Savings Bnak held their
annual meeting yesterday, the fol-
lowing trustees being elected for the
ensuing year, according to S. Wilson
Earnshaw, secretary-treasurer:
J. C. w. Beall, T. Earle Bourne
James A. Donohoe, G. E. Dunkum
jr.; Lewis Flemer, John Ford, w. P
G. HaZen, Ernest E. Herrell, Edward
B. Hughes, jr.; Francis J. Kane
H. H. Mckee, William N. Payne, jr.;
William F. Simpson, William Thom-
son and Lambert o. Turner.
Market Interest Revives.
Washington Offices of New York
Stock Exchange firms had more
visitors today than in several weeks
Last nights runup at the close
revived market interest. Boardroom
observers saw the motors and sew
eral other issues open strong The
creeping forward movement of the
last few sessions saw real moves in
some stocks.
Brokers here said they thought
peace talk was the leading factor
in the sudden market move. The
tax situation remains one of the
biggest governing forces and is likely
to stay so until about the middle Oi
August. Brokers believe adverse
dividend news has already been
largely discounted.
At present very little talk is heard
in the boardrooms about imitation
Several months ago it was one OF
the chief topics of conversation.
Financing Smallest in 10 Years.
According to the Daily Bond
Buyer, State and municipal finan-
cling during May amounted to only
S27 ,946,653, or less than one-fourth
of the May, 1941, figure of $115,981,
921.
Last months total is the Smallest
May figure recorded during the past
10 years and the total for the five
months ending May 81, $305 ,619 ,292
likewise is the smallest in 10 years
Saturday Closing Voted.
Governors of the Washington
Stock Exchange voted today to close
the exchange on Saturdays, begin
ming June 6, until September II.
Capital Transit stock sold on the
exchange today at 201a in two small
lots, off half point from last week
Washington investment houses to-
day were offering bonds of the Vir-
ginia Public Service Corp. $26, 900 ,00t
3% per cent issue, and also deben-
lures put out by the same concern
Evening star., 1942-06-04

Chicago Cash Market
No NO ~sss sss5 GOiR No. no s sa-sfl sssflllov Ns $50
sOs4-s4; sample grade yellow, 5s.s6
Oats, No; / white. 81; No. 2, 4s94-5O1s:
white. Asa. Barley. mailing, sl-i O5,
nominal; feed and screenings, 1857, nom
nal; No; barley; 81; No; 3, I.03. Soy
mixed, 1.60.
Evening star., 1942-06-04
Commodity Prices

Press weighted wholesale price index 81
IS commodities today advanced to s IS. .o2.
S1i month ago S's s6S sy Year vss6 sso sC ssso'
High aS42s, aSss, dsg4ls 1s4S; ddssss,as.
Low 1854 T7.Q3 $3.50 4i.4f
(1e26 average equals 1oo.S
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-10-30

ON PAY DAY, BUY BONDS
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-10-30
Green Predicts Hitler Army's Collapse
In Coming Year; Convention Reflects
Him President; Meany Again Chosen
EVIL OF LYNCHINC
(From the New York Times)

(From the New York Times)
Southern leadership has made so
much progress in recent years toward
ending the evil of lynching that when
news of crime Of this kind arrives it
seems to come like a ghost from an
earlier and darker and discreditable
day. The United Press has brought
word of the discovery of the bodies of
two 14-year-old negro boys found
hanging to bridge in the town of
Meridian, Miss. They had been taken
from a Jail where they had been con-
fined after confessing to an attempted
attack on a 13-year-old white girl
Unidentified men" had overpowered
the local marshal.
The crime to which these boys had
confessed was atrocious, but no crime
is atrocious enough to condone the
savagery or to mitigate the shame of
lynch law in an American community.
There is no way in wartime to de-
scribe such an act except as an aid to
the enemy. For we have ample rea-
son to know that above all other
things that can happen in this country
a lynching is the best grist for the
Nazi propaganda mill.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-10-30
LABOR PRESS ASSN
REFLECTS OFFICERS

Toronto (ILNS). - Meeting here
during the American Federation of
Labor convention, the international
Labor Press of America reelected all
It's officers, as follows;
President, Matthew Woll, Interna-
tional Photo -Engraver, New York;
secretary-treasurer, r. E. Woodman-
see, Illinois Tradesman, Springfield
ILL.,; first vice-president, P. ]. Morrin
Bridgeman's Magazine, st. Louis, Mo-;
second vice-president, John G. Saylor
Labor Herald, Wilmington, Del; thirc
vice-president, w. j. Moran, Labor
Advocate, Ell Paso, Texas; fourth vice.
president, Frank B. Powers, CONNER
cial Telegraphers Journal, Washing.
ton, d. c.; fifth vice-president, Ches.
ter M. Wright, International Labor
News Service, Washington, D. c.;
sixth vice-president, Frank x. Martel
Labor News, Detroit, Mich; seventh
vice-president, Harry w. Fox, Cater.
ing Industry Employee, Cincinnati
Ohio; eighth president, Thomas
r. Downie, Maintenance of Way Jour
nal, Detroit, Mich; ninth vice-presi
dent, Harvey Garman, the Citizen
Los Angeles, Calf.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-10-30
La Toilette and Thomas Offer
Bills to Extend Labor Laws to
Benefit Agricultural Workers
Agricultural Employment Sterilization Bill Provides for
Decentralization of Agricultural Labor Market
Establish Boards to Determine Fair Wages

public employment exchange opera
tions, accompanied by Social Security
guarantees of old age and survivors,
insurance and specially adapted
form of unemployment insurance.
Wage Boards Proposed
"The Agricultural Wage Board Bill
would establish a system of agricul-
tural wage boards for the purpose of
determining fair wages as distinct
from minimum wages, for the en-
ployment of labor in 'industrialized
agricultural In wartime these oper-
ations would be co-ordinated with the
War Labor Board activities.
"The Agricultural Labor Standards
Act would extend the benefits of the
Fair Labor Standards Act of 1888 to
Continued on page 6, column g.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-10-30

Toronto, Canada. - William Green
was unanimously reelected president
of the American Federation of Labor
for his nineteenth consecutive annual
term at the conclusion of the greatest
and most constructive convention in
the history of the federation.
The delegates also unanimously re-
elected Secretary Treasurer George
Meany and the thirteen incumbent A.
F. of l.. vice presidents.
In responding to the conventions
call to lead the six million members
of the A. F. of L. for another year,
President Green warned of increasing
responsibilities of labor and new diff
culties imposed by the war but empha-
sized his faith in eventual victory.
"We have firmly resolved" he
added, "that, come what may, the war
must be decisively won by the United
Nations.
"You have solemnly pledged on the
floor of this convention your honor,
your service and your lives that this
war might be won.
Secondly, when the war is won, we
must win the peace. We can't win one
and lose the other,
eve must devote our energy, our
power and our persuasive influences
in an effort to bring peace, unity and
solidarity within the ranks of labor
That must be our solemn objective
within the coming year.
II believe within my heart that the
year 1943 is going to be the decisive
year in this war, that sometime dur,
ing this decisive year the German wal
machine is going to collapse"
The convention responded to this
challenge with resounding applause
and took swift action to promote poll
cies and programs best calculated tx
| further the war effort. Outstanding
developments of the closing session.
were:
Called for the creation of al
overall board for military and civil
ian strategy to centralize and co-ordi
nate direction of the entire war pro
gram,
Reaffirmed and reinforced labor
no-strike policy.
S-Approved the new economic sta
obligation program, urging that deci
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-10-30

Washington, D. c. (ILNS). - Five
bills designed to extend to Industrial
lied agriculture many of the rights
guaranteed to urban workers by labor
legislation adopted during the Roose-
velt administration have been intro
duced by Senators La Toilette of Wis
consin and Thomas Of Utah.
Summarizing the bills, Senator La
Toilette said in part:
"The Agricultural Labor Relations
Act would extend the benefits of the
National Labor Relations (Wagner)
Act to include farm laborers for en-
ployers who operate on an industrial
pattern.
"The Agricultural Employment Sta
bilization Bill would provide for the
Decentralization and stabilization of
the agricultural labor market through
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-10-30
A. F. of L. Chief Also Stresses Need for Winning Peace
and for Labor Unity in Acceptance Speech-Many
Outstanding Developments in Closing Session.

sions on wages be left entirely to the
National War Labor Board.
4-Endorsed the Manpower Mohili-
zation program, but declared there is
no justification as yet for jobfreez-
ing,
5-Called for full labor represen-
tation on all war agencies of the fed
eral, state and local governments.
6-Pledged the six million A. F. of
L. members to buy another billion
dollars worth Of War Bonds in 1943.
Initiated sweeping program of
trade union assistance to various
forms of relief through the United
Nations Relief Fund.
8-Adopted a momentous report on
international labor relations calling
for closer cooperation of the labor
movements of the United States and
Great Britain and closer relationships
with Pan-American labor.
9-Declared that labor will take its
place at the peace table after the wa1
to assure worldwide peace and social
security,
10-Endors union management
cooperation to speed full production
in war plants by the formation of la
bor- management committees under
the auspices of the War Production
Board,
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-10-30
HUGE MEMBERSHIP
CAINSARE MADE BY
DISTILLERS' UNION

New York City NS).-Fourteen
thousand workers have been organ
lied and 27 local unions have been
chartered by the Distillery, Rectifying
and Wine Workers. international
Union since it's organization in De-
cember, 1910.
Number of local unions in affiliation
with the international union is 62, and
the membership totals approximately
$1,000, Joseph O'Neill, international
president, told international Labor
News Service.
First convention since the union, an
American Federation of Labor affili-
ate, was organized, opened at the
Commodore Hotel here on October 26
Distillery Pact Won
Consummation of an agreement COW
ering distilleries operated by Hiram
Walker & Sons, Inc, at Peoria, ILL.,.
and Walkerville, Can, was the unions
biggest achievement this year.
"At PEORIA" O'Neill said, "about
1,400 workers received an increase in
wages of 10 cents an hour, and pro-
vision was made for a raise in pay
when the cost of living rises. At the
Walkerville plant, which employs
about $50 workers, employees are
awaiting action by the Dominion gov
of IN,
creases"
Big organization gains in Califor
MIA, where drive to organize work
ers employed by wineries is under
way, were reported by O'Neill.
Winery Pay Boosted
"About rs per cent of the wineries
employing in the neighborhood o.
5000 workers, are organized and op
Grating under closed union shop agree
ments with our international union,
he said. wages were boosted 20 tx
80 per cent"
Sol Cilento, New York City, is sec
retary- y-treasurer of the internationa
union; George j. Oneto, New Yorl
City; Hobert Autterson, Lawrence
burg, Ind; James Dever, Chicago
John e. McKiernan, Louisville, KY.
Louis Blender, Boston, and Free
Freund, Newark, N. j., vice-presi
dents; Clarence Hull, Terre Haute
Ind; Charles R. Brown, Louisville
and A. Vernon Hall, Cynthiana, KY.
auditors.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-10-30
Nurses Aide Class Opened
At Fort Hamilton Hospital

A nurses aide class, sponsored
jointly by Hamilton chapter, Ameri-
can Red Cross, and the Hamilton Ci-
william Defense Council, was inaugu-
rated Monday afternoon in Fort Ham
ilton Hospital.
A brief program marked the open
ing of the class which is taught by
Mrs. Richard A. Connolly, R. N.
Miss Elizabeth Tyler, superintend-
ent of nurses at Fort Hamilton Hos
pital, and Alexander Thomson, Jr.
Civilian Defense commander, spoke
and Mrs. George Flenner represented
the Red Cross. The speakers empha-
sized the acute need of trained nurses
now that so many are in the service