davidaulloa/AmericanStories huggingface dataset:
Evening star., 1942-12-27
Banks Urged 10 Increase
1943 War Bond Buying
By The Associated Press.

BY the Associated Press.
John H. Fahey, commissioner Of
the Federal Home Loan Bank Ad-
ministration, praised savings and
commercial banks yesterday for
their sale of War bonds and called
for greater investment in the bonds
next year.
THE volume of War bond sales
to date is evidence of the efforts
that have been put forth by the
Nations financial institutions. Mr..
Fahey's statement said. But the
fact remains that recent reports
show that only one-third of the
savings accumulated in the third
quarter of 1912 went into War bonds,
as compared with proportion of
81 per cent during the first three
months of the year.
"The savings institutions and the
commercial banks of the country
have made an excellent showing in
the distribution of War bonds. =
We have found under the pressure
of this war, however, that in almost
every direction there can be in
creased production and increased
accomplishment far beyond any,
thing previously expected. if there
is enough ingenuity and extra
effort"
Evening star., 1942-12-27
Civilians Assured
OF Enough Paper
For Essentials
Trade Publication Says
Some Predictions of
Cuts Are Funtostic
BY FRANK MACMILLEN,


NEW YORK, Dec. 26-Paper in
dustry sources are taking a mod
erately reassuring attitude as to the
problems of supply of this basic
material in 1943.
Paper Mill News, trade publica-
ton in the paper and pulp industry,
asserts there have been fantastic
forecasts of impending curtailment
of paper" and says in contrast is:
The fact that there will be a 10
per cent reduction in the use of
neWsprint and other printing papers
by voluntary cooperation of the
publishers of newspapers, magazines
and business papers"
Both Government and private
analysts and economists are point
ing to 1943 as year in which sup
plies for civilians will get increas-
ingly tight and a godo many nom
essentials will be dispensed with.
But the war effort is going out
of the construction and extension of
plant phase into the production
phase. This means that rapidly in
creasing use of such things as lum-
ber-source of which is timber, as
with paper-Will level off.
Pulpwood Supplies Down.
Paper Mill News explains the fears
of paper shortages have developed
largely as result of lowered esti-
mates of available pulpWood sup
plies. and referred particularly to
the recent estimate of R. l.. Weldon,
Canadian neWsprint administrator,
that there would be a shortage of
approximately 100000 cords in
North America for 1943.
This would mean" it calculates,
Approximately % per cent reduc-
ton in paper production in the
United States and Canada next year.
However, the pulp mills have
pulpWood inventories of approx
mately six months and there is a
possibility of using more waste pa
per in the manufacture of some
grades Of paper and paperboard.
There also is fair possibility
that the pulpWood shortage will not
actually be as serious as a 5000 ,000-
cord shortage would indicate"
While pointing to growing uses Of
paper and paperboard for war pur-
poses, the survey says:
"On the other hand, the possible
shrinkage of civilian economy and
its consequent effect on the use of
paper by the manufacturers, whole
salers and retailers of civilian goods
must be taken into consideration. ="
Some Curbs Expected.
1t is apparent that there are at
present many intangibles in the sit
uation. and accurate forecasts as to
what the paper situation may be a
year or even six months from now
are impossible. But Paper Mill News
concludes:
while there Is likely to be some
curtailment in certain end uses of
paper, such as wallpaper and print
ing papers for civilian consumption
no overall curtailment or concen-
tration is expected Immediately"
The lumber situation is tight.
Consumption increased about II per
cent in 1912 and ran ahead of pro-
duction so that inventories are now
the lowest on record. But American
Forest Industries, Inc, says esti-
mated lumber requirements for war
and essential civilian use in 1943 will
be about "a billion feet, or Az billion
less than in 1912.
To keep up adequate lumber pro-
Evening star., 1942-12-27
Corn and Oats Lead
Late Advance on
Grain Market Z
UnfovorobIe Shipping
Weather and Feeding
Demand Help Prices
BY FRANKLIN MULLIN,
Associated Press Market Writer

CHICAGO, Dec. 26.-Late b,lvine
today gave the grain market a
strong upward push at the close.
with corn and oats in the lead due
to evidence of large scale country
feeding demand, together with un-
favorable weather for movement of
supplies to market.
Corn closed l2-74 cent higher than
Thursday at top for the past several
months, with May 937s-94 and July
94a. Oats were l2-7s higher, May
SAT-. Oats were l2-Ss higher, MAY
54i2. Wheat finished y -5s up. May
and July $780,, and rye 14-i2
higher, May 771s-77.
Dealers Cautious.
Except for the enlarged buying
at the close the market gave a typl-
cal poSt-holiday performance Un-
certainty due to delay in announce
ment of the new ceiling schedule
for flour prices caused most dealers
to observe caution in trading, but
some late short covering was be-
lieved to have been based on belief
The weather was not regarded as
favorable for shelling and hauling
of corn and reports indicated crib
bed grain is not drying as rapidly
as normal However. receipts at
the II principal interior terminals
this week increased to l0284 600
bushels compared with 9,169,0 900 the
previous week and only 4,689 900 a
year ago. when corn was selling
about dime cheaper than it Is
now.
Traders said the larger supplies
reflected movement of Government
grain, but also showed the attraction
OF present market prices, which
are around Government loan rates
in many cases. AT the same time
they pointed out that rising hog
prices recently, contrary to the nor
NAL seasonal trend, and evidence
that producers are fattening swine
as much as they can suggest market
supplies of corn will be limited.
Spot Prices Climb.
Spot wheat prices were 12-s. cent
higher, with No, dark Northern
selling up to $780,. No sales of
hard or soft red were reported, but
these grades were quoted above 81 40
and Sl.50, respectively. Top grades
of yellow corn were quoted over "a
cents, highest since 1887
Grain range at principal markets
today:
MAY WHEAT
Evening star., 1942-12-27
US. Pipe & Foundry Buys
SIoss-Sheffie|d Control
BY the Associated Press.


NEW YORK, Dec. 26.-Announce-
ment was made today that United
States Pipe & Foundry Co. had &C
quired working control of Sloss-
Sheffield Steel & Iron Co. by pur-
chase from Allied Chemical q Dye
Corp. the latter's holdings of 54,-
500 common shares of Sloss -Shef-
field. While the amount was not
stated. the apparent market value
of the stock would be $4,196,5O
based on bids.
The deal gave United States Pipe
IL Foundry about SIS per cent own
ership of Sloss- s-Sheffield common.
Since preferred stock has equal vot-
ing rights, United States Pipe &
Foundrys combined interest is
equal to 42.6 per cent of all voting
stock, financial circles said.
Pig iron is the chief product of
Sloss- Sheffield, which obtains its
iron ore from Alabama. United
States Pipe & Foundry is big pro-
ducer of cast iron pipe, but had no
raw material sources of its own.
Evening star., 1942-12-27
St. Paul Railroad.

CHICAGO, Dec. 26 Chicago,
Milwaukee, st. Paul & Pacific
Railroad today reported November
net income totaled s1.685 ,346. COM
pared with a deficit of 1922 ,0S2 a
year ago.
First II months net income was
$10355 ,32l, compared with S. SOS ,987
the corresponding 1941 period.
Rock Island.
Chicago, Rock Island & Pacific
reported November net operating in
come, before provision for fixed
charges, of So, 431, compared with
S585 oil a year ago. First II months
net operating income was S33,696.-
284 compared with sic, ,232 1898 year
ago.
Santa Fe Railway.
AtchiSon, Topeka & Santa Fe
Railway reported November net op-
Grating income of $9,69O,599, COM
pared with S2,877 ,586 a year ago.
First IL months net operating in
come was $74,2130 034, compared with
6,323,o the corresponding period
last year.
Eastern Illinois.
Chicago 81 Eastern Illinois Rail
road November net operating income
was 1888 257, compared with $50 100
year ago. First II months net
operating income was S3.337,81l,
compared with $1,74S, ,481 a year ago.
North Western.
Chicago & North Western re-
ported November net operating in
come of S2,428,612 compared with
S356,327 a year ago. Eleven months
net operating income was $23,168,-
698 against s16,055,O76 last year.
c. b. & @.
Chicago, Burlington & Quincy
reported II months net income after
taxes and all charges of 24,455 ,046.
equal to Sab share, compared
with $9,612112 or S. 562 a share, the
first II months Of 1941. November
net income was s3,41O,763, compared
with $4l5,726 year ago.
Evening star., 1942-12-27
municipalities Plan
ST, 800, 500 Financing
Nv the Associated Press

BY the Associated Press.
NEW YORK, Dec. 26.-Eight
municipalities have scheduled a
total of $1,600,5O0 in new financing
for the coming week, the Daily
Bond Buyer reported today, COM
pared with $1,27s,oOO in the past
week.
Most of the aggregate is accounted
for in an expected offering of a
$1,000 900 temporary loan by Port
land, Me. East Chicago, Ind, will
offer S230,000 in one-year time
warrants.
The Daily Bond Buyer said the
weekly average of municipal and
State offerings for the year SO far
was $20,503 ,692.
Evening star., 1942-12-27
Hosiery Salvage Drive
Nets 100000 Pairs
BY the Associated Press.

BY the Associated Press.
The first months salvage of silk
and nylon hosiery yielded 100000
pounds from about 100000 pairs,
the War Production Board an
nounced yesterday.
The used hosiery will be reclaimed
for the manufacture of war mate
rial. About Is pairs Of silk hosiery
are needed to make one average
size powder bag.
Evening star., 1942-12-27
Industrial Shares
With Peacetime
Flavor Improve
Stock Market Tits
Upward at Close
Of Uneven Week
BY BERNARD S. OHARA,

NEW YORK, Dec. 26.-Industrial
stocks, especially those with peace
time flavor, featured today's post
Christmas session with a move into
the highest territory for more than
a year.
While numerous customers ex-
tended the holiday to MONDAY, the
good war news brought further de-
mand for issues which stand to bene-
fit when victory eventually arrives.
The list, consequently, finished
somewhat uneven week with prices
generally fitting upward.
Belated tax selling of low-priced
stocks appeared at the start and
helped an otherwise slow market
to aggregate 370,695 shares against
372 ,060 a week ago.
Business developments were fairly
cheerful but rails, on balance, failed
to respond to pleasing revenue state
mentS and most utilities were vir-
tually at a standstill.
Average at New High.
The Associated Press average of
60 stocks was up OF of a point at
AIS. a new high since October 8,
l94l.
Rising groups were gold mines,
rubbers, oils, motors, farm imple-
ments, air transports and specialties.
Touching best levels for 1912 or
longer were Dome Mines, Mcintyre
POrcupine, Texas Co, ChrySler
Goodyear, U. S. Rubber, Firestone
Tire, International Harvester, Deere.
American Airlines, Eastern Airlines
and senior stocks on American &
Foreign Power.
Others rising included Interna-
tional Telephone. Western Union,
Republic Steel, Goodrich. Sears Roe
buck, Homestake Mining, American
Gable & Radio, Du Pont, U. S. Gyp-
sum and Kennecott.
United States Steel and Bethle-
hem were unchanged along with
American Telephone. Standard Oil
IN. j., General Motors and Doug
las Aircraft.
Mild losses were recorded for
United Aircraft, Union Carbide,
Eastman Kodak, Westinghouse, An
aconda. Southern Railway, Chesa-
peake & Ohio, International Nickel
and Yellow Truck.
Among forward leaners in the
curb were Pittsburgh Plate Glass,
American Cyanamid "B" and E.
w. Bliss. Small declines were posted
for Gulf Oil, Niagara Hudson Power
and United Light preferred. Turn
over here amounted to 85,970 shares
versus 1876 last Saturday.
Bonds About Steady.
Bond prices held about steady in
the short holiday market, a few
scattered gains among medium
priced rails improving the tone
but leaving averages even with
Thursdays close. Volume shrank to
SO ,3055 500, face value, against last
Saturdays $3,747 100
Among the rails the best gain
was IL added by Burlington re-
funding IS at 73, while Southern
Railway general As were up is
at 602.
On the downside among rails were
Rock Island convertible 4l2s, off
a at 3i2; Lehigh Valley stamped Is,
down u at 29ss; Wisconsin Central
As at ATS, off y, and Seaboard Air
line Consolidated IS, off a at 14sa.
United States Governments were
idle
Evening star., 1942-12-27
Boston Wool Market
Moderately Active
BY the Associated Press.

BY the ASsoclated Press.
BOSTON, Dec. Is Omitted States
Department of Agriculture) The
Boston wool market was moderately
active during the last week. Sales
of graded domestic territory woods
were made at clean prices OF $1.05
for three-eights and 1896 cents for
one-quarter blood wools. There
was some demand for secured South
American medium woods suitable for
blankets.
Some Montevideo grease woods of
three-eights grade was sold at
grease price of 81 cents, out of bond.
British controlled wools were very
quiet.
Evening star., 1942-12-27
Foreign Exchunqe

NEW YORK, Dec. 26 Pl.-Closing for
elgn exchange rates follow {Great Britain
In dollars, others in cents):
Canada-Official Canadian Control
Board rates for U. S, dollars: buying 10
per cent premium; selling, II per cent
premium; equivalent to discounts on Ca
madam dollars in New York of buying, 9.91
per cent; selling, 9.09 per cent
Canadian dollar in New York open mar
cents. up !. cent
Europe-Great Britain. official Bankers
Foreirn Exchange Committee rates.; buy
cables, 4.O4
Latin America--ArTentina, official,
ire, s.son; @ M.sieos ssets 81 ssn oii'e'a o'oon'
Rates In spot cables unless otherwise
Indicated. Nominal
Evening star., 1942-12-27
District Business Borometers

Further wartime
November mpressvey
just completed by
Bank clearing reached peak telephones in service
scored another ame high
while November known that month
POSTAL receipts were far ahead
OF ectlc all these upward trends being following
parisons:
Evening star., 1942-12-27
Sharp Gain Reported
By Illinois Central
BY the Associated Press.

BY the Associated Press
CHICAGO, Dec 26.-Illinois Gen.
trail Railroad reported net income
Of s2,7l0,929, against s559,840 in the
same l94l month. Net income for
the first II months this year was
S2l ,883,928, compared with 1885,
28l in the same period of 1e4l.
Evening star., 1942-12-27
Wholesale Commodity
Average Up Further
BY the Associated Press,

BY the Associated Press.
The Bureau of Labor Statistics
wholesale price index advanced 0.2
per cent last week because of fur
ther sharp increases in prices for
grains, cotton, certain fruits and
vegetables, hay, hogs and sheep.
The index, at 1907 per cent of the
1926 average, is at a new high level
for the last is years.
The index for the week ended
December 1s. 1897, was 81.5. The
average for December. 1879, was
03.3.
Evening star., 1942-12-27
Dividend Meetings

NEW YORK, Dec 90 oSpeciaD Among
the important companies which Will hold
dividend mNetines IN tNe cou7inr weak are
American Can Co. and Union OIL Co. OF
California. list of the meetinrs of
companies definitely scheduled is reported
by Fitch Investors Service as follows:
Monday, December 3S.
Union Oil Co. of California, common, o
am.
Tuesday, December 10.
American Can Co, common. H.l5 pm.
"wednesday, December 30
Hercules Powder Co, 6 per cent prs
ferred 10 am.
Southern California Edison Co.. Ltd,
common, 1890 pm
Evening star., 1942-12-27

duction In l943 may require more
steps to prevent dispersal of labor,
vigilance to keep equipment in good
repair. Also, some changes in speci-
flcations, to use the product more
economically, are recommended.
Evening star., 1942-12-27
1854 a Share Earned
By New York Central
In Eleven Months
Result Contrasts With
$3.77 q Share for
Same 1941 Period
BY the Associated Press.

NEW YORK, Dec. 26.-The New
York Central Railroad reported to-
day it's net income for the first II
months of 1912 was $42 ,797 ,495, equal
to 1854 a share, against $24,335,l74
or s3,77 share, in the comparable
period of 1941.
Western Maryland.
Western Maryland Railway re-
ported net income for the IL months
ended November 80, was $3,623 ,542,
equal to $20.42 on each of 1920
shares of per cent first preferred
stock on which dividends are in
arrears, compared with $2,438,763 or
$l374 on the first preferred, in the
same period of 1941. For November
the road netted $431 ,821, compared
with $l03,936 in the corresponding
month a year ago.
Evening star., 1942-12-27

War bonds make bombers to bomb
the Axis and lower our taxes. Why
not buy some afd help yourself?
Evening star., 1942-12-27
Corporation Eurninos
Year Ended September 20

NEW YORK, Dec 26 LP,-Corporate
earnings reports released during the past
week. showing profits per share OF common
stock, included:
Evening star., 1942-12-27

Daily Price Averaxe.
NEW YORK, Dec. 26.-The Associated
Press weiehted Wholesale price index of 35
commodities today advanced to 1O3 16, new
1912 high.
Previous day, 1903, ,0s: week ago, 1O2.27:
month ago. 100.31; year ago, % sc.
1a42. 1871. 1910. 1899.
High ----- 1878 a5.l2 1875 as.!4
1925 average equals 1909
Evening star., 1942-12-27
Washington Stock Exchange

B Co ashington D CO.
TRANSACTIONS
Evening star., 1942-12-27

in
Evening star., 1942-12-27
PUBLIC UTILITIES.

Sales. PUBLIC UTILITIES.
$1,000 Ana IL Pot Riv r guar IS 1915
1000 Ana & Pot Riv r r mod 3s4s /!
$4,000 Capital Traction 1st IS 1a47
5000 City " Suburban Ry mod 3s4s Il
1880 GEORGETOWN Gas Light 1st IS 10,
5000 Pot Elec Pow 1st 3hs 1866 -
$4,000 Wash Gas Light 1st IS 1860
10000 Wash Ry g. Elec Cons As 1851
Evening star., 1942-12-27
Telephone Service in District
CHESAPEAKE E. POTOMAC TELEPHONE CO.

Number of Telephones in Service.
Evening star., 1942-12-27
Check Transactions
WASHINGTON CLEARING HOUSE.

Totals s1,2oe o2s sl4143s2 1884 ST. 75e54o417
Evening star., 1942-04-29
Prince Georges Increases
Paw Of Road Workers

The Prince Georges County Board
Of Commissioners yesterday author
lied a raise In the kages OF iaborer.
on county roads from IS cents tc
10 cents an hour.
The increase will make the pay
level Of county road workers con-
form to that recently established by
the State Roads Commission for
workers on State roads.
A report was received on the
closing Of the old Queen Anne
Bridge on the county line due to
the buckling Of some OF the floor
beams April II. The Anne Arundel
County road engineer recommended
the bridge. be permanently closed.
The Prince Georges County Fed
Grafton of Citizens Associations ad-
dressed a letter Of thanks to the
commissioners for their reduction Of
the tax rate and their bonus to
county teachers, provided in this
years budget. .... ..-
Zoning reclassifications from res
idential A to commercial D were
granted to Marco Venente on prop
erty on Tuxedo road near Cheverly,
and to Haywood Gardens, Inc, on
property In Moant Rainier.
Evening star., 1942-04-29
William n. Sasscer Dies
In Upper Marlboro

william Hill Sasscer, a, died yes
terday at the home Of his parents in
Upper Marlboro, following an illness
Of two months. He was a cousin of
Representative Sasscer Of Mary
land.
Mr.. Sasscer, a native of Marlboro,
was an electrical engineer with the
Pennsylvania Coal Co., and had
made his home in recent years In
Scranton, Pa. The son of DR.. and
Mrs. Reverdy SaSscer, of Upper
Marlboro, he was graduated from
Virginia Polytechnical Institute in
1922.
He also Is survived by his widow,
Mrs. Elizabeth F.. Sasscer; two chill
dren, William H., jr., S, and Eliza
beth, e.; three sisters, Miss Helen
Sasscer. Upper Marlboro; Mrs.
Frances Yarnall, Chattanooga,
Tenn, and Mrs. j. j. George, At
lanta, Ga, and three brothers. DR..
Robert Sasscer, Upper Marlboro:
Pvt. B. Beale Sasscer. u. S. A., and
Pvt. (First Glass; Hal S. Sasscer,
Boiling Field, D. c.
Funeral services will be held at 2
pm. tomorrow at Trinity Church,
Upper Marlboro.
Evening star., 1942-04-29
Hearing Due May 70
On Prince Georges
Bus Line Changes
Substitution of Shuttle
For Through Service
Sought by Company

The Maryland Public Service Com
mission will hold hearings May 20
on the plan of the Capital Transit
Co. to substitute shuttle bus lines
for through service to Washington
from Prince Georges County. the
Associated Press reported from Bal
timore.
The proposal, scheduled to have
been effective April IS, was sus-
pended at the last minute when
hostile citizens groups enlisted the
support of Gov. O'Conor and Rep
resentative SasScer, Democrat, Of
Maryland for hearing on the mat
ter.
Company officials said four pro-
posals will be covered in the hear
ing
l. To eliminate the service which
runs directly from the Edmonston,
Bladensburg, Cheverly area to Sew
enteenth street and Pennsylvania
avenue Sc. and substitute a shuttle
service which would converge on the
Mount Rainier bus -streetcar termi-
nal
2. To run the College Park
Hyattsville line to the Mount Rainier
terminal, instead Of downtown.
3. To restore the Greenbelt bus
line to its former connection with
the Beltsville carline at Berwyn
Since January this bus line has
terminated at Mount Rainier.
4. To make the carline service to
Beltsville shuttle service through
out the day. At present the shuttle
system is operative only during slack
hours.
Evening star., 1942-04-29
Rockville Fire Chief lauded
For Aiding Injured Driver

By . staff Correspondent Of The star.
ROCKVILLE, Nd. April 29.-How
Chief w. Valentine Wilson Of the
Rockville Volunteer Fire Depart
ment prevented possible serious In
jury by rendering first aid to q
motorist whose car had struck .
tree is disclosed In a letter received
by Mayor Douglas NJ Blandford of
Rockville from Col G. w. Cocheu
Of the quartermaster generals once
in washington.
In his letter. Col. Cocheu said in
part:
There was q serious automobile
accident on Massachusetts, avenue
near Observatory Circle. The driver
Of the car was rendered unconscious
and suffered severe head injuries.
I happened to. be passing and saw .
man In civilian cl thes rendering
first aid.
He bandaged the mans head and
reduced the suffering. I compli-
mented him. He gave his name,
which I did not get distinctly and
stated that he was chief of the fire
department, Rockville. Md
His job finished, he quietly dis
appeared into the crowd. His en-
tire action was such as to warrant
the highest commendation."
Chief Wilson explained that he
was on his way to work at the VET
erans' Administration when he wit
messed the accident.
Evening star., 1942-04-29
Mccormack Sees Reich
As Our No. | Enemy
By the Associated Press.

RICHMOND VA, April %
Speaking at the concluding con-
vention session of the Catholic Com
mittee OF the South last night, Rep
resentative Mccormack, House ma
jority leader declared that IF we
are honest with ourselves, we can
thank God" that Russia is fighting
against and not for Nazi Germany
Mr.. Mccormack predicted that
"the turning point Of the war is
taking place" and that Germany
was the No. enemy. He continued
by saying that important as the
Far Eastern theater of war is. 1t
is quite probable. II not a fact, that
the defeat OF Nazi Germany would
end this war"
Archbishop Robert E. Lucey, dis
cussing the papal peace program,
placed a measure of responsibility
for the present world war on the
American people. He said, I'm the
papal peace program, there is no
room for the spirit OF isolation and
neutrality so far as major nations
are concerned"
The Most Rev. Gerald P. O'Hara,
bishop OF Atlanta Savannah, was
reappointed as episcopal chairman
Of the committee.