davidaulloa/AmericanStories huggingface dataset:
Evening star., 1942-02-01
Britons Show Faith in Market;
Government Income Climbs
RetoiI Fish Shops Almost Emptied
By Worst Shortage in Fifty Years

and the necessarily decreased North
Sea fishing, both due to the war, OF
course.
Milk rationing, which started last
November and was expected to be
ended by March, now appears likely
for the duration of the war.
Home deliveries of bread were cut
down to three times weekly in order
to conserve man power and fuel. but
the distribution of eggs for the last
week was up about 2 per cent to
about 100000, thus allowing about
one egg weekly to every person in
England.
Dried fruits, certain cereals and
most of the pea and bean products
were brought under the points" ra-
tioning system. which meant they
could be bought only with govern
ment food coupons, but the change
was due more to possible cargo re-
strictions than actual shortage in
the products.
Market Receivers.
Slightly chilled at the beginning
of the week by Prime Minister Win
ston Churchill's somber war picture
in Commons, the stock market later
took on steam.
Oil shares, generally regarded as
the markets bellwether, improved,
while some dealers INDUCED in long
term buying of rubber shares after
Churchill's indication there might
be additional bad news from the Far
East.
Evening star., 1942-02-01
Steel Firms Cheered by Drive
To Increase Supply Of Scrap

it was believed possible that lead
imports might be smaller than the
Is, 900 tons of January foreign lead.
Zinc men here felt that the
pools cut Of February smelter pro-
duction would be substantially high
er than the 81 per cent set aside
in January. Further Government
control of distribution Of the white
metal also was predicted, with full
ALLEGATION expected by April /.
Copper interests marked time
awaiting issuance Of ALLEGATION GER
tificates for the coming month.
Prices held unchanged and in the
case of zinc were made official by
ceiling order. 1t confirmed zinc
at 8.25 cents a pound, East st. Louis,
the quotation which had been in
effect since last October 9.
Copper was at the maximum of
IL cents q pound, delivered Con-
necticut Valley, and export was
quiet at 11N cents. +. q. S. New
York. Lead was held at $50 cents q
pound, New York, and 6.35 cents,
st. Louis.
Evening star., 1942-02-01
Equipment Approved
For North Western
BY the Associated Press.

BY the Associated PreSS.
CHICAGO, Jan. 31.-The trustee
of the Chicago & North Western
Railway was authorized by the Fed
eral court yesterday to petition for
authority to purchase $500 900
worth Of new freight equipment re.
quired to handle war traffic.
A hearing on the petition was set
for February 8.
The railroad announced that, sub
ject to court approval, it had tenta-
lively arranged for the manufacture
of 500 50-ton box cars at the Amer
ican Car & Foundry Co.'S Chicago
plant; 500 7o-ton gondola cars at
the JohnStown, Pa, plant Of Beth
lehem Steel; 500 Of the same gon-
dolas at the General American
Transportation Co., East Chicago,
Ind, and $50 50-ton fiat cars at the
Pullman Standard Car Manufac-
turing Co.. Michigan City, Ind.
Evening star., 1942-02-01
Worth Street Moves Big Volume
Of Civilian Cotton Goods

Despite this comfortably large
amount of non-military business,
the grey goods division remained
all engrossed with Government con-
tracts. Bids were opened on Thurs
day on the War Department order
for nearly 0,0oo, 900 yards Of mar
row webbing materials.
Rayon mills continued withdrawn
from markets for civilian consump-
ton as Government demands
mounted.
Woolen mills offered little goods
for outside use, concentrating on
military requirements.
Simultaneous with the passage
by Congress of the price control
bill, spokesmen for the main di-
visions of the textile industry ex-
pressed hope the new legislation
would result in an upward revision
Of the ceilings now In effect on
woolens, rayons and grey goods.
Complaints were numerous over the
narrowing margin Of profits under
present conditions.
Evening star., 1942-02-01
By EDWARD ROBINSON,
Wide World Staff Writer.

LONDON, Jan. 31.-Undaunted
Britons, in the midst of their worst
fish shortage in so years and averag-
ing one egg per week per person,
this week showed their faith in the
future with their steady purchase
o. domestic issues on the stock mar
ket.
At the same time government in
come, averaging ell, 1854 ($45 BAL, =
1881, set up a new record for the
third consecutive week while the
income taX-mostly deducted from
weekly pay envelopes-boosted the
exchequer's funds since January l
by nearly f144,0o0,000 ($576, 900, ,000
As the total ordinary expenditure
was fS6, ,494,2 ,227 ($345 ,976, ,9O8) for the
week-of which supply services took
f85, $50 900 ($343, ,8OO, ,OOO)-the deficit
was only f6,271,0O0 ($25 ,084 ,0O0)
against more than 100000 1885,
100000 for the previous week.
The aggregate deficit for the A.
nancial year to date thus came
f2,316, ,223,000 ($9, 1854, 1892, ,00O.
Fish Shops Nearly Empty.
Retail fish shops were almost
empty, with many closed for days.
One London firm which formerly
sold $4,000 worth of fish weekly
last week sold only $190.
The causes for the scarcity were
the loss of the Norwegian catches
Evening star., 1942-02-01
Stocks Decline
Only Slightly
AT AtWeek' SIND
Action Encouraging
In Foce Of Adverse
War Reports
Ry BERNARD s. O'EARA,
Press Financial Writer,

NEW YORK, Jan. 31.-The Stock
Market today finished a fairly good
month and rather sDotty week
with negligible declines the rule for
leading issues.
That the mild reversal in the
short session was not more pro-
nounced, considering the somewhat
pessimistic war news from Singa-
pore and Africa, was viewed by
analysts as highly encouraging.
There was little in the domestic
business scene to promote a great
dealing of bullishness.
Only the lghtest kind Of selling
appeared at any time, although the
direction was moderately downward
from the start. Closing declines were
mostly in negligible fractions and
a smattering of favorites managed
to emerge with plus signs.
The days turnover OF 228, ,140
shares was one of the smallest since
lest October. Dealings in the pre-
vious Saturday amounted to 29l $50
shares. The volume for the month
of 12,993,875 shares was the lowest
since last August and was about
equal to that of the preceding
January. The lapse in activity was
shown by comparison with the De-
cember aggregate Of 0,493
shares.
Average on Slightly.
The Associated Press average OF
go stocks was OF i of a point at
37.6, but on the week was un-
changed. For the month the COM
posite retained a net advance Of
5 of a point. U. S. Rubber pre-
ferred fell 24 points on a few sales,
while Firestone Tire was un IL.
A shade in arrears were Bethle-
hem Steel. General Motors, Sears
Roebuck. United Aircraft. Westing-
house, American Telephone, Santa
Fe, Western Union, Kennecott,
American Can, Standard Oil IN. j.,
Pepsi-Cola and Standard Brands.
Holding advances were Du Pont,
Johns-Manville, Eastman Kodak,
Union Pacific, Goodyear. Dow
SneIIllCdl, 1utcTIldClOIldl d1NCotC1
and Cerro de PaSco.
Curb Market Down.
In a generally slipping curb
American Cyanamid B" was oil a
point and lesser losses were posted
for Bell Aircraft, Gulf Oil, Humble
Oil and National Fuel Gas. Trades
here approximated $4,000 shares
versus $4,000 week ago.
On the big board industrial stocks
joined the rails Monday in the best
rally of the week as war bulletins
seemed bit more hopeful and bid
ding came in for many recently weak
performers. The follow-through
Tuesday did not come up to ex-
pectations The United States Steel
report after the close, showing a
dip in net for the last quarter, but
a good gain for the year over 1910,
was the main event of the day. Tax
fears and revived war doubts ffset
lot Of good earnings reports and
kept the list on the downgrade dur
ing the remainder of the week.
Evening star., 1942-02-01
Standard Gas Can Buy
Louisville Gas Shares
Py the Associated Press.

Py the Associated Press.
The Securities Commission au-
thorized Standard Gas & Electric
Co. yesterday to purchase at $3.50
a share those shares OF Louisville
Gas & Electric Co. common stock
not sold to the public. The authority
was limited, however, so that COM
bined sales to the public and Stand
ard Gas would not exceed 00,000
in any one month.
This arrangement grew out OF
plan Of Louisville Gas, approved by
the s. E. C.. last October, to sell
150,0 900 shares of new common stock
to the public at $3.50 a share, US
ing its own employees in sales cam
paign. Up to January II the COM
panys employees had sold 1888
shares, and security dealers. under
a concession through which they re-
ceived rs cents a share, had sold
10,277 shares.
The decision to permit Standard
Gas. indirectly parent of Louisville
Gas, to acquire stock not sold pub
Hcly, the commission said, was made
in order to take care Of the new
money requirements" that is, funds
for construction OF Louisville Gas.
Evening star., 1942-02-01
Prospect Of Higher
Soft Coal Prices
Seen in Report
Rise in Average Cost
Revealed by Federal
Bituminous Unit
BY the Associated Press.

BY the Associated Press.
The Bituminous Coal Division said
yesterday it had predetermined the
weighted average cost" of produc-
ing and selling soft coal, at the
mine, to average $21947 a ton-a
l0.63-cent increase which carries
with it the possibility of higher
prices to consumers.
The weighted average cost on
which present minimum prices are
based averaged s2.o884.
The new cost figures were deter
mined in a proceeding called to as
certain changes in the industry's
costs as a basis for making ap-
propriate changes in the minimum
prices.
Under the Coal Act, the minimum
prices must be set so that the in
dustry will receive an income in each
price area which will average as
nearly as possible the average cost
per ton of the coal produced, as
determined by the coal division.
The law requires adjustments in
the minima when appropriate to re-
fleet changes in the industrys cost.
The division said that as soon as
possible it would open a price ad-
justment proceeding.
Soft coal producers may sell coal
at or above the minima but not
below them.
The division said the new weighted
average cost, the cost used in the
present minimum prices, and the
changes, for the various price areas,
included:
Pennsylvania, Maryland, West
Virginia, Ohio. Virginia, East Ken
lucky, Northeast Tennessee-S2.2503
and $2.1284, up 1919 cents.
West Kentucky. Illinois. Indiana,
Iowa-$1.7725 and $1.7622, up LOB
cents.
Evening star., 1942-02-01
BY the Associated Press.


NEW YORK, Jan. 31.-Steel-mak-
ers took hope last week from Gov
ernment efforts to increase the sup
ply Of scrap necessary to keep steel
mills roaring.
Non-essential steel consumers
found little Of the tough metal
available for civilian use, since most
companies were busy on Govern
ment and lend-lease orders and a
high priority rating was necessary
before requests could be filled.
Non-ferrous metals traders con-
tinued to concentrate attention on
Washington, awaiting both Febru-
ary ALLEGATIONS and basic output
rates from which bonus prices OF
II cents a pound for copper, II cents
for zinc and s.25 cents for lead will
be figured.
Lead and zinc producers also
sought to learn the size of the emer-
gency pools Of their metals for
February. In lead, . continuation
Of the Is per cent pool ALLEGATION
was anticipated. At the same time,
Evening star., 1942-02-01
Price Ceilings Fixed
On Wire and Cable

By the Associated Press.
Price Administrator Leon Hender-
son yesterday imposed formal price
ceilings on wire, cable and cable ac-
cessories at the price level Of last
october Is.
The schedule, effective immediate
ly, fixes maximum charges for draw
ing wire and rolling bars. 1t in
creases the maximum price on
weatherproof wire to IT'S cents
more than 2 cents over the Octo-
ber Is levels, because of sharp ad-
vances in the price of cotton.
The price schedule also was ad-
justed to cover about so per cent
Of the recent 65-cent increases In
lead prices. Manufacturers of lead
covered cable are expected to absorb
the rest of the lead cost increase.
Evening star., 1942-02-01
By the Associated Press.

By tie Associated Press.
NEW YORK, Jan. 31-Something
family resembling the good old days
Of bids, acceptances, reflections,
counter offers, combinations and
other routine of pre-war times came
back to Worth Street this week with
an estimated $4,000 900 yards of var
ious materials going into civilian
channels.
1t all came about when a high
Government official stated publicly
farm prices in 1912 would be held
around parity and cotton mills anti
cipated a lower ceiling price.
An estimated 100000 yards Of
print cloth and sheeting was taken
at the 471a-cent level and when
further decline in spot cotton
tripped the lever to Al cents on
Thursday mills continued compar-
atively liberal in offerings to civilian
agencies. At this level 1t was esti-
mated another several million yards
Of materials Of various types moved.
Evening star., 1942-02-01
Weeks Auto Output
Estimated at 72,317
Ey tire Associated Press.

Ey tie Associated Press.
DETROIT, Jan. 31.-Automotive
News said today in its weekly survey
of the motorcar industry that output
for this week totaled 72,317 cars and
trucks. This compares with 71,6o1
units reported by the trade paper
for last week and 1918 this week
q year ago.
The survey credited General Mo-
tors with 29,400 units this week,
compared with 1882 last week
Chrysler with 1885 this week, COM
pared with 18,261. last week, and
Ford with 1925 cars and trucks,
compared with 1854 the previous
week,
Evening star., 1942-02-01
Partners Name Added
By MuckuII & Co.

William w. Mackall of w. w.
Mackall & Co., investment firm in
the Woodward Building, announced
yesterday that the firm has changed
its name to Mackall & Coe.
Mr.. Mackall and william C. Coe
have been partners since November
/, 1889, both having been active in
the financial district for many years. ),
Mr.. Mackall is former president
Of the Washington Stock Exchange
Of which Mr.. Coe Is also Q member.
Evening star., 1942-02-01
Niagara Share Corp.
Reports Asset Drop
epecial pispatch to The Star.

Special Dispatch to The Star.
NEW YORK, Jan. 31.-Net assets
OF Niagara Share Corp. of Maryland
on December 81, 194l, amounted to
S2,535 for each 81 900 debenture, s471
for each share of Glass A preferred
stock and $7.15 for each share Of
Glass B common stock, the annual
report showed.
Corresponding net asset values as
Of December 81, 1910, were s2,8l9
for each $1,000 debenture, s583 for
each Glass A preferred share and
1888 for each Class B common
share.
Indicated value of investments Of
the corporation and subsidiaries at
the end of 1941 was $50, 900 ,663, COM
pared with $24,322,7 on December
n, 1910.
Evening star., 1942-02-01
Atlantic Coast Line
Orders 1,100 Cars
By the Associated Press.

By the Associated Press
BIRMINGHAM, Ala, Jan. 81
The Atlantic coast line ordered LOO
all-steel freight cars today from the
Bessemer, Ala. plant of the Pull
man-Standard Car Manufacturing
Co.
The order was valued at ap-
proximately $3,000,0O0. The cars
will be of so tons capacity each.
Steel plates for car building have
been scarce in this district for more
than a year, but railroad ALLEGATIONS
will permit construction of new car
bookings before the end Of the year.
Pullman already has a
heavy backlog for its Bessemer
plant.
Evening star., 1942-02-01
Boord Starts Survey
Of Metals Industries
BY the Associated Press.

BY the Associated Press.
Questionnaires were mailed by the
War Production Board this week
end to 10000 manufacturers, it was
learned today, launching the most
detailed statistical study of the
metals industries ever undertaken in
this country.
Information obtained from the
study, board officials said, will be
the basis for Government distribu-
ton OF critical and strategic ma
terials during the three months be-
ginning April l. Manufacturers are
required to make returns by Febru-
ary 20 to the Census Bureau, which
will handle the tabulation.
Evening star., 1942-02-01
Quarter Ended December 81.
Dividend Is Declared
By Brunswick-Bulke
Rv the Associated Press. .

BY I1le 5SsUCIdVeu feSo'
CHICAGO, Jan. 31.-Brunswick-
Balke-Collender Co. today declared
a dividend OF Is cents a share on
the common stock payable March
16 to stock of record March 2. Pay
ments on this stock during all OF
1941 totaled $3.50 a share.
Directors also declared regular
quarterly dividend of SIPS per share
on the IS preferred stock payable
April / to stock Of record March 20.
Evening star., 1942-02-01

pany's affairs. He is relinquishing
the Office of general counsel. Mr..
Kacy Is a member of the boards OF
the Hamilton National Bank and
Group disqualification, Inc.
Donald F. Roberts was elevated to
vice presidency. He has been
treasurer for a number of years. He
Is a member of the directorate OF
Evening star., 1942-02-01
ExchongeVoIume
Smallest Since
Last August
By tie Associated Press.

NEW YORK, Jan. 31.-January
transactions in stocks in the New
York Stock Exchange totaled 12,-
993, ,S75 shares, the smallest monthly
total since August, 1941, when
volume was 10,874 $50 shares, the
exchange reported today.
The December turnover was &c.
800 ,4e3 shares and in January, 1941.
dealings amounted to 1882 $50
shares.
Bond transactions in January ag-
gregated $3.50 $50 300 face value
compared with 1924, ,737 900 in De-
cember and $3.50, ,987 900 in January,
1941.
Evening star., 1942-02-01
Boiler Production
Maintained in l941

By the Associated Press.
Manufacturers of galvanized range
boilers, the Census Bureau says,
maintained production at S65,5S7
boilers last year. compared with $751;
953 in 1910.
Unfilled orders ct the end Of the
year numbered S0S44, compared With
81, ,7o5 Q year earlier.
Evening star., 1942-02-01
Sun Oil Co. Reports
$16,532,540 Profit,
Or S6.21 a Share
TotuI Contrasts With
81, 1863, ,068, or $3.03
A Share in 1910

By the Associated Press.
NEW YORK, Jan. 31.-Sun Oil
Co. in a preliminary report for 194l
today disclosed net income of $l6,-
532,540 after Federal taxes and ex-
cess profits taxes, equal to 1921 a
share on the common stock out
standing prior to the 10 per cent
stock dividend paid last December
29. This compared with $7,969 ,068,
or 5000 a share, in 1910.
Parker Rust-Proof.
Parker Rust-Proof Co. reported
for the IL months ended December
81 net profit of s976,979 after reserve
of $1,O28,000 for Federal taxes, equal
to s227 a share on the common
stock. This compared with s1,077,-
339 in the preceding year, equal to
$3.50 a share. The company's fiscal
year ended September 80.
New Jersey Zinc.
New Jersey Zinc Co. reported for
the year ended December 81 net in
come of s9,592,871 after Federal
taxes, equal to $488 a share, against
$8,236,815, or S4.19 a share, in 1910.
Beech Aircraft Corp.
Beech Aircraft Corp. reported for
the December quarter net profit OF
$193, 500 after taxes, equal to 48 cents
a share, against s89, ,493. or % cents
a share, in the December quarter Of
the previous year.
Jones & Laughlin.
Jones g. Laughlin Steel Corp.
and subsidiaries reported increased
profits for the last quarter of l941
today and net income for the year
of S16,274 ,983 after 81 900 900 pro-
vision for contingencies, compared
with a 100000 provision for con-
tingencies, compared with s10,277,-
O29 in 1910.
The preliminary report for the
fourth quarter and the year showed
net income after all charges for
the three months ended December
81 of s4,234,59 compared with S.
942, 2,157 in the preceding quarter and
$4,O44, ,126 in the same quarter in
1910.
Net income for the year was the
largest since net income Of $20,-
848,749 was reported for 1929.
Other Reports Listed.
Other earnings reports issued dur
ing the week, showing profits per
common share, included:
Evening star., 1942-02-01
Domestic Woods Quiet
At Boston in Week
BY the Associated Press.

BY the Associated Press.
BOSTON. Jan. 81 Omitted States
Department of Agricultural Do
mestic woods were generally quiet
during the last week. A few sales
Of small quantities Of fine combing
Ohio delaine were made at 45-47
cents in the grease.
Staple combing one-half blood
bright fleece woods brought 47-48
cents in the grease. Graded three
eighths and one-quarter blood comb
ing bright heeces sold at mostly ST.
50 cents in the grease.
Evening star., 1942-02-01

meeting OF the
directors.
ow ard w.
Kacy, vice pres
ident and gen.
eral counsel, be-
coming a mem
ber of the staff
in 1928, has been
elected first vice
pre- S ident. Mr..
Kacy will assist
President Mont
gonery in h i S
executive duties
in the general
supervis ion Of
Evening star., 1942-02-01
Supplies Of Canned
Goods Top Year Ago
BY the Associated Press.

BY the Associated Press.
The Census Bureau says that dis
tributors' stocks of canned vegeta-
bles, fruit and fish were larger at
the beginning of 1912 than . year
earlier.
Percentage increases included
Peas, IL; corn, 10; tomatoes, 3;
green and wax beans, 8; peaches, 81;
pears, "a; pink salmon, n, and
sardines, 80 per cent. Declines in
cluded red salmon, 3, and tuna fish.
50 per cent.
Evening star., 1942-02-01

Donald r. Roberts. insurance coun-
sci, a newly created Office, and c. B.
Hurd, assistant counsel, has been
promoted to investment counsel,
also a new Office.
The complete roster of elective Of
> ficers, in addition to Mr.. Montgom-
cry and the above, includes Lloyd
K. Crippen, vice president and &C
tuary; Samuel E. Mooers. field vice
president; Robert B. Montgomery,
vice president; Ralph E. Heitmuller,
general controller; DR.. j. r. B.
Hutchinson, medical director, and
DR.. John B. Nichols, advisory medi-
cal director.
Mr.. Montgomery announced final
figures for 1941, revealing an ex-
ceptionally fine business year. A
peak was reached in the company's
investment in mortgage loans in the
Greater Washington Area. aggre-
eating $33, 800 on December 81.
The per cent salary adjustment
to meet rising costs of living will be
continued, to go quarterly to $50
home and branch Office employees.
Home Loans Up s2,s16,sso.
The District of Columbia's insured
building and loan associations made
home loans totalng S16,803, ,637 dur
ing 1941, an increase of $2,316, 800
over 1910, Oscar R. Kreutz, general
manager of the Federal Savings and
Loan Insurance Corp, announced
yesterday.
During 1941, savings placed by the
public in these institutions increased
from $28,527,14O to s35, ,495,43O. Dur
ing December the District of Co.
falling $1,547,232, an increase of
$564,559 over December. 1910, in
spite of sharp restrictions on mate
rials for new construction.
Virginia's insured building asso-
Citations made home loans totaling
S13,375,654 during 1941, a gain of
S1,773,914, the same report said.
Maryland associations loaned $685.
691, $50 in 1941, an increase of $8,-
431 ,524 over 1910.
Studebaker Dealers Confer.
All Studebaker dealers in the
Washington area were the guests of
the corporation at an all-day
service-management clinic held at
the Mayf1ower Hotel Friday.
Plans for helping dealers through
the emergency period were discussed
by C. s. Fletcher, sales manager; w.
K. Erdman, regional manager, and
Lee D. Butler, washington dis
tributor.
The afternoon session was devoted
to a round table discussion of dealer
problems under the direction of the
home Office executives.
Prices Firm on Exchange.
Anacostia & Potomac R. R. guar
anteed SIS figured in the Washington
Stock Exchange trading yesterday
for the first time this year, $4,000
changing hands at 1874, unchanged
National Mortgage g. Investment
preferred registered a 4o-share sale
at AS, unchanged, and five shares OF
Washington Gas Light preferred
came out at 101.
During the week MergenthaleI
Linotype reached 34H, after selling
early in the month at %, and Capt.
tai made a new high at %, after
moving up S points in few days
Financial District Comment
New York Stock Exchange Offices
in Washington will go on the new
time on February 9, when the day.
light saving law goes into effect
This will mean that there will be
no change in time when summer
comes.
Employees Of the New York Life
Insurance Co. have purchased OF
subscribed for 1O,156 Defense bonds
at a cost price of $208,086, with 6
maturity value of $277 ,450, it is an
nounced by the head Office.