davidaulloa/AmericanStories huggingface dataset:
Evening star., 1942-07-12
Stocks Maintain
SteadyCourse
Al Week S End
Fractional Changes
Either Way Divided
About Evenly
BY BERNARD S. O'HARA,


NEW YORK, July 1.-THE stock
market today ended its second best
week of the year with leaders gen.
orally maintaining fairly steady
course.
The list exhibited some hesitancy
at the start OF the short proceedings
but closed with fair equilibrium.
There were scattered gains OF
point or 50 and fractional variations
either way were pretty well divided.
Activity was light.
Fears that the war news from
Russia might worSen over the week
end and the desire to await outcome
of the new battle sweep In Egypt
restricted buying commitments, bro
kers said. Bullish sentiment per-
sisted to a certain extent, however,
and lack of any real selling pressure
was a bolstering influence.
Average Is Unchanged.
The Associated Press average OF
60 stocks was unchanged at 37.2, but
on the week showed net advance
of IA points, widest upturn since
early January. At today's finish the
composite was up So points from the
years bottom and only is under the
1912 peak established in the first
month.
The days turnover totaled 1884,
shares, compared with 113,290 two
weeks ago. The market recessed
last Saturday for Independence Day.
In the brief session modest i'm
provement was retained by Great
Northern, Consolidated Edison, Dow
Chemical, Allied Chemical, Stand
ard Oil IN. JD, Johns -Manville and
Cerro de Pasco.
Minor losses were suffered by u.
S. Steel, Bethlehem, Chrysler, Santa
Fe, American Telephone, Texas Co.,
Anaconda, Sears Roebuck, U. S.
Rubber and Union Carbide.
Edge Higher on Curb.
Edging forward in the curb were
Gulf Oil, Beech Aircraft, American
Cyanamid and Hecla Mining. De-
clines were recorded for Electric
Bond &, Share, Glen Alden Coal and
New Jersey Zinc. Transfers here ag-
gregated 26,815 shares against 28,-
665 in the previous two-hour session.
The big board put on good rally
Monday in the face of indefinite war
returns. Seasonal re-investment in
fiuences received the main credit.
There was small setback Tuesday,
with offerings negligible. A slight
revival Of imitation psychology ap-
parently spurred bidders Wednes-
day when the averages made their
best gain since January 2. The climb
continued Thursday with volume
mounting to nearly $4,000 shares,
largest since last December 81. Light
profit taking halted the drive Fri
day.
Evening star., 1942-07-12
United Light Hearing
Scheduled August 4
Fs the Associated Press.

Fs the Associated Press.
PHILADELPHIA, July 1.-THE
Securities and Exchange Commis-
sion has fixed August 4 for a hear
ing on the plan submitted by the
United Light & Power Co., a hold
ing company. to dissolve as ordered
by the SEC March 20.
The holding company and its sub
sidiary, United Light Sz Railways,
proposes to increase the latter's COM
mon stock from 1000 900 shares of
$35 par value to 1000 900 shares OF
Sc par value.
The outstanding 708, $40 of rail-
ways stock now owned by the power
company would be exchanged for
3,947,66 shares of the new common
stock for distribution among power
company stockholders to complete
the liquidation.
Evening star., 1942-07-12
Cotton Futures Up
S 10 80 Cents in
Quiet Trading
increased lnfIutionory
Sentiment Regarded
As Market Foctor
By the Associated Press.

BY the Associated Press.
NEW YORK, July 11.-Cotton fu-
lures closed IS to 80 cents bale
higher today in quiet trading.
Prices were steady most Of the
short session on light commission
house and local buying with con-
tracts supplied by New Orleans In
terests.
Some traders attributed steadiness
to increased inflationary sentiment.
Trading was light because those In
the market tended to mark time
pending action next week on the full
parity crop loan bill.
The range follows:
Evening star., 1942-07-12
u. S. Orders Absorb Textiles,
Civilian Goods Restricted

ing unified orders bore priority rat
ings Of "A-l0" or higher.
Federal business also held the at
tention Of wool traders. Dealers re-
ported women's wear lines are NOV
ing in substantial volume although
expressing concern over future wool
supplies.
Rayon trade quarters reported fav-
orable acceptance Of acetate hosiery
samples. Demand for yarn supplies
from the hosiery makers slackened.
however, on reports from some re-
tailers that supplies were plentiful
and the sales volume only recently
had improved.
Evening star., 1942-07-12
SEC Approves Dissolution
Of North American Lioht
Ry the Associated Press.

~ the ASSocldteo Press.
PHILADELPHIA, July 1.-THE
North American Light and Power
Co.'S proposal to dissolve, In accord
ance with an order by the Securi-
ties and Exchange Commission. has
been approved yesterday by the SEC.
The holding company also pro-
poses to liquidate subsidiary, Power
and Light Securities Co., which has
as assets 12,478 shares OF common
and a like number of 5 per cent
cumulative preferred OF Illinois Iowa
Power Co.
The assets transferred to Light
and Power, would abolish IAN UNI
necessary corporate entity" the COM
mission declared. The liquidation
OF the Securities Co. is necessary to
bring about simplif1cation of the
entire structure, the SEC asserted,
North American also plans to- pay
on at par with interest $3,376, 900
principal amount Of its outstanding
debentures held by the public.
Evening star., 1942-07-12
Raw Sugar Supplies
At New Yeur's Peck
By the Associated Press.

8y the ASsoctAteo Press.
NEW YORK, July 11.-Trade re-
ports said raw sugar stocks of cane
sugar refiners In the Northeast were
near the best levels Of the year, cred
iting improved waterfall movement
OF Cuban and Puerto Rican supplies.
Willett & Gray, Inc, estimated
raw sugar arrivals at North Atlantic
ports in the week ended July 4 at
Sc, ,039 long tons, compared with
2l, Alb In the preceding week.
The previous high week was June
13, with 1880 tons. Raw sugar
stored in the Northeast was esti-
mated at 86,833 tons. highest since
the 2,602 tons reported for the week
ended January 10.
Evening star., 1942-07-12
Columbia Gas 10 End
Old Feud by Sale
OF Pipeline
Phillips to Buy Stock
And Turn Over Half
To Missouri-kunsus
By the Associated Press.

NEW YORK, July 1.-THE long
and bitter battle between the Co.
lumbia Gas & Electric Corp. and the
Missouri Kansas Pipeline Corp. was
terminated with the announcement
today that Columbia's subsidiary,
Columbia Oil & Gasoline Corp,
would sell its majority holdings in
the Panhandle Eastern Pipeline Co.,
amounting to 404 1926 shares, to the
Phillips Petroleum Co. for $40, ,435, ,654,
or SIS 81 q share.
Upon consummation of the deal,
Phillips Petroleum. one of the coun-
try's largest oil and gas producers,
will sell half of the newly acquired
Panhandle stock to the Missouri
Kansas Pipeline Co., thus augment
ing the latter's present holdings OF
339, AIS common shares, or slightly
under 43 per cent, to around 68 per
cent Of the total. Phillips will re-
ceive from Mokan the same price it
pays to Columbia.
Battled for Six Years.
Six years Of conflict between
Mokan and Columbia over owner
ship and operation of Panhandle
had been punctuated by lawsuits
and Department of Justice activity.
Closing of the deal is subject to the
approval of the Securities and Ex-
change Commission.
Panhandle supplies natural gas
from the Texas Panhandle to points
as far distant as Southern Michigan.
AS part of the transaction, it was
announced by Columbia Oil, Mokan
has agreed to forgo all lawsuits for
alleged damages which it has pend
ing against both Columbia COM
panies.
Dissolution Planned.
Don M. Wilson. president Of Co
lumbia OIL, said shareholders Of the
corporation would be asked to ap-
prove the dissolution Of the concern
to the extent required by the Della
ware laws. It was proposed to pay
of all Of Columbia Oil's debentures
and distribute 81 a share to Colum-
bia OIL common stockholders.
w. G. Mcguire, president Of Mo-
kan, was slated to become chairman
Of the board and chief executive
officer Of Panhandle. Mr.. Mcguire
said arrangements had been made
with banks to finance Mokan's part
of the transaction.
Mokan interests Indicated that di-
rectors were considering an offer to
its stockholders of part of the
Panhandle shares to be acquired
from Phillips Petroleum. Such an
Offering, it was said, would be priced
around the per share figure Mokan
paid Phillips.
Mokan spokesmen said there were
no other plans under consideration
for q distribution OF Panhandle
shares among Mokan stockholders.
Evening star., 1942-07-12
Clearing House Issues
Report at New York
NJ thu Axso~i.ted Press

By the Associated Press.
NEW YORK, July 1.-THE weekly
statement of the New York Clearing
House showed:
Total surplus and undivided profits
unchanged at 1894, ,089 800. Total net
demand deposits (average) de-
creased $258, 1896 900. Time deposits
(average) increased 81 ,645 900. Clear
lngs week ended Friday (flve days. ,
$3,096 pol lib. Clearings week ended
July 3, $4,151 ,673, $50.
Evening star., 1942-07-12
Corn Grind Remains
Ahead of Yeor AGO

NEW YORK, July IA corn
grind of 9,767,762 bushels during
June for products going into do
mestic use was reported today
through the Corn Industries Re-
search Foundation.
This compared with q grind of
10,204,925 bushels in the previous
month and 8,569, $50 bushels in June,
1941.
Evening star., 1942-07-12
ry the Associated Press.

Ey the ASSOClateu FreSs.
NEW YORK, July 11.-Steel pro-
ducers reported today the problem
Of getting scrap iron and steel, vital
to efficient production OF the ma
jor material for tanks, guns and
ships, was increasingly serious.
Reports circulating in trade quar-
ters indicated the supply Is slim In
many key areas.
Heavy exports of ingots and semi
finished steel have cut down on the
supply of 'home scrap"-the excess
sheared off in finishing
processes and manufacturing, one OF
the best sources. And the trade ex-
pected exports to rise.
Only orders with top priority rat
ings were being filled, steel makers
Evening star., 1942-07-12
U. S. Bond AIIotments
Set at 81 Percent
By the Associated Press.

By the ASSOciated Press.
Secretary Morgenthau announced
yesterday that the offering Of 81
600 900 900 of 2 per cent bonds ma
turing 1949-1951 had brought sub
scriptions totaling $3,843, 900 900. He
said that subscriptions would be al
lotted on a basis Of 50 per cent.
Evening star., 1942-07-12
American Barge Line
Reduces Dividend
Dispatch to The Star.

NEW YORK, July 11.-Directors
Of American Barge Line Co. have
declared a quarterly dividend of IS
cents per share on thu common
stock, payable August to stock
holders OF record July 20. In previ-
Gus quarters this year dividends Of
Is cents per share have been paid.
Patrick Calhoun, jr., president,
stated that the dividend declared to-
day reflected the greatly increased
demands on cash Of the company In
connection with its naval shipbuild-
ing activities.
Evening star., 1942-07-12
By the Associated Press.

NEW YORK, July 11.-Goyern-
ment orders for comforters and
medical gauze as well as moderate
sales Of bag materials occupied mill
men In textiles markets this week.
Civilian demand for large amounts
Of goods for third and fourth quar-
ter delivery was indicated by In
quiries but mills offered only SPAR
ingly.
Indicative Of the condition OF the
cotton goods market was the state
ment by G. T. Murchison, president
Of the Cotton Textile institute, that
81 Per can't Of present recofd-break.
Evening star., 1942-07-12
PENNSYLVANIA Electric
Hearing Scheduled
B, the Associated Press.

!. PHILADELPHIA. July 1.-THE
Securities and Exchange Commis-
sion has fixed August Is to hear
details Of the Pennsylvania Electric
Co.'S proposal to absorb . subsidiary,
the Clarion River Power Co., for an
Indebtedness Of $5,184,075 owed by
Clarion to the parent company. The
holding firm also would take over
the assets and liabilities of Clarion.
Evening star., 1942-07-12
| Rise in Profit
| Is Reported by
| Pullman Co.
~ the Associated Press,

~ the Associated Press.
CHICAGO. July 1.-THE Pullman
Co., sleeping car subsidiary Of Pull
man. Inc. today reported May net
operating income Of $So5. 5.064. com.
pared with q deficit Of 3i5o,888 q
year ago. First five months net
operating income was S3,07s, ,7SS,
compared with 81. 40 800 the cor.
responding 1941 period.
Evening star., 1942-07-12

New Orleans Prices.
NEW ORLEANS, July IL. R.--Week-
END short covering advance cotton futures
here today and the market closed steady
8 to 20 points net higher
Evening star., 1942-07-12

Spot cotton closed quiet, Q points hisher
sales. IL. Low middlins, 1884. Niddling,
1882. Good middling, 20.2S.. EAeeiptA
66l. Stock 316,S64. st.@E -
B-Bid. N-Nominal 80 ~-r95s' re@8
Evening star., 1942-07-12

CkIeASe Cash Market.
Cash wheat prices were . shade weaker
today; basis, steady to easy; receipts, IA
cars: shipping sales, 5000 bushels; book
ings, 5000 bushels, new Corn. N-h
higher; basis. steady to u up: receipts
1lS cars; shipping sales. 5000 bushels;
bookings, $4,000 bushels. Oats, steady
to nrm: basis, choice arm, balance easier;
receipts, 10 cars; shipping sales. $4,000
bushels; bookings. $4,000 bushels. new.
Evening star., 1942-07-12

(SEE BRITISH, Page c.
Evening star., 1942-07-12

Spot, middling. 2O.S2n.
n-Nominal
The midland journal. (Rising Sun, Md.) 1885-1947, 1942-05-22
PREPAREDNESS
~ 4 tie
AMERICAN RED CROSS

Volunteer for Victory = offer your
services to your Red Gross.
0XX7HAT can I do?" Now that
w we are at war, that is the
question that every woman is ask
ing herself. For those women who
want to do real job where they
are urgently needed, there is the
Volunteer Nurses Aide Corps of
the American Red Cross. One
hundred thousand Nurses Aides
will help relieve the acute nursing
shortage at home, according to
Mrs. Walter Lippmann, who is the
volunteer director of this Red
Cross service. Trained nurses
are daily being called for service
with our armed forces.
A Volunteer Nurses Aide per-
forms many routine hospital du-
ties and relieves the trained
nurse for more technical work.
She bathes and feeds patients,
makes beds, takes temperature
and pulses, assists in keeping
records, does unsterile bandag-
ing and attends to many details
essential to a patients comfort.
She always works under the
supervision Of graduate nurse.
Eligible for enrolment are
American citizens or friendly
aliens, between Is and so years of
age, with the equivalent of a high
school education and in good
health. A Nurses Aide must COM
plete an 80-hour intensive training
course; IS hours of class room in
struction and As hours of super.
vised practice on hospital wards.
She also agrees to serve $50 hours
per year without pay in hospitals,
prenatal, industrial or other clinics
and public health agencies. The
standard first aid course is req
uisite for the first year of service
and the Nurses Aide may be as
signed to Emergency Medical
Field Units set up by Civilian De-
tense, to speed to the aid Of ci-
vilians,wounded in air raids or dis
asters.
More than $4,000 Volunteer
Nurses Aides are in training or
already trained, but many more
are needed. It is too late when
the bombs fall or an epidemic
strikes. Prepare now and help
safeguard the nations health. Con-
tact your local Red Cross chapter
for information as tonearest train
ing facilities available.
Prepared exclusively for WNU.
The midland journal. (Rising Sun, Md.) 1885-1947, 1942-05-22
|1III|'||Il
WAR CONDITIONS
AND YOUR TOWN
(Released by Western Newspaper Union.)

WAR CONDITIONS
AND YOUR TOWN
THE WAR offers an opportunity
to improve conditions in thousands
of Americas country towns. Less
help causes the farmer to econo-
mize on time. Rubber shortage and
the inability to replace tires calls
for a reduction in automobile mile
age. The rationing of gas will stop
any unnecessary travel. These
things mean opportunity for recap
turing business for country town
merchants. Holding that bust
ness when peace comes depends
upon how well country town mer-
chants meet the demands Of town
and farm people with adequate
stocks of merchandise and modern
merchandising methods.
To assist country towns in doing
a thorough job, the department Of
commerce at Washington has pre-
pared book of detailed plans that
will be helpful in any town. The
title is 'How to Plan a Better Fu-
ture for Your Home Town and Your
self in War for Peace" I am sure
any one interested could get a copy
by writing Carol L. Wilson, Direc-
tor, Bureau of Foreign and Domes-
tic Commerce.
It provides details for a survey
Of the town and its trading area,
and suggests that such a survey be
made by senior high school class,
to be followed by definite improve
ments in such town conditions as
will make it more attractive cul-
tural, social and trading center.
, The plans proposed are practical,
simple and call for no extensive ex-
penditure. Making the proposed
survey would be excellent training
for high school students, directed by
a principal or teacher.
Revitalizing Americas country
towns as social and market centers
is one of the urgent needs of the
nation. It can be done in towns
where the people want it done. That
department of commerce booklet
will show the way to those who ask
for it.
The midland journal. (Rising Sun, Md.) 1885-1947, 1942-05-22
Legal Holidays


According to the Constitution
neither congress nor the President
has the power to prescribe legal
holidays except in the District of
Columbia and the U. S. territorial
possessions, says Golfers. New
ertheless, congress has recognized
the following days as public holi-
days: New Years day, Washing
toms birthday, Memorial day, the
Fourth of July, Labor day, and
Christmas.
Since most Of these holidays
have been declared local holidays
by the individual states, they can
be said to be national and legal
holidays. The President proclaims
Thanksgiving a holiday.
The midland journal. (Rising Sun, Md.) 1885-1947, 1942-05-22
@DEER yX1ER IslA@ =
=bg1 4EAFLEMAY-s:. -. -
TNsTALLMENT SIXTEEN


THE STORY so FAR: Karen water.
SON, believing herself to be the heir to
Alalroa, the island estate Of her grand
father, flnds herself no heiress at all,
when the old gentleman, Garrett Water
SON, turns up after long disappear
ance. Meantime she and her lawyer
have been engaged In . dispute over
the rights to the property with the Wayne
family who have been In possession since
the old man left, many years before.
Richard (Tonga Dick) Wayne has fallen
In love with Karen, as has also the
lawyer, John Colt. After she quarreis
with Dick, Karen decides to leave Ala.
koa with Colt. Old Garrett Waterson
has arrived at Alakoa and Is very iii
with fever but expresses wish to see
Karen. As Tonga Dick goes to and her
he sees that she and Colt have put out
to sea. He Is determined to bring Karen
back 10 see her grandfather.
Now continue with the story.
The midland journal. (Rising Sun, Md.) 1885-1947, 1942-05-22

Underneath IT'S q Packing Box.
THIS Is what your bedroom
4 needs-a Southern-belle van-
ity! Between frothy ruffles of red
dotted white swiss you get tanta-
lizing glimpses of red ribbon, run
through beading and tied in bows.
Darling. with pretty curtains and bed
spread to matchi Our 32-page booklet
tells details Of making the vanity. Also
tells how to make inexpensively book
rack side table. pillow tops. pot holders.
many other attractive items for yourself
or a. gifts. Send your order to:
The midland journal. (Rising Sun, Md.) 1885-1947, 1942-05-22
FORTY MILES AN HOUR
rs NOT A HARDSHIP

FORTY MILES AN HOUR, says the
President, is fast enough during the
period of tire shortage, which means
the period of the war. To be sure,
there are still some speed demons
who have not needed the Presidents
warning and who are still travelling
at SO, go and 70 miles an hour. But
they will soon be walking at an
ever slower pace than the first auto
mobiles remember could travel.
In the late nineties-I have for
gotten the exact year-H. H. Kohl
satt, then one of the editors and own
ers of the Chicago Inter-Ocean, Or
ganized what believe was the first
automobile race. It covered a dis
lance of some 80 miles, from the
city hall in Chicago to the city hall
in Elgin.
Much preparation was made for
the event. There were no gas sta
tons in those days, and five-gallon
cans of gas were distributed at FREE
quent intervals along the designated
route. There were, ! think, six cars
entered. All were of the one-cylin-
der variety, with high buggy bodies,
solid tires, steered with a rod, and
started with the turn of crank in
front. Streets and roads for the 80
miles were blocked off and at ten
o'clock Of the appointed day, the
race was on. It continued to be on
for nearly six hours, when the
first car arrived at the city hall in
Elgin, an average speed of about
five miles per hour.
As / recall, only three of the six
starters ever completed the course,
and the third took nearly eight hours
to travel the 80 miles. One could cas-
lily walk the distance in less time.
That was but little more than
40 years ago. Within that time
American ingenuity has produced
the refnements and speed we have
today. Those five-mile-an-hour gas
buggies cost far more than the aver
age new model of today. Our Amer
lean system of competition brought
production up and price down. To-
day we have car for every four
people in the United States, an av-
erage of one for each family.
To go back to the Presidents 40
miles an hour during war time
should not seem a great hardship.
THE LATEST COUNT SHOWS 282
governmental agencies operating in
Washington, employing over 225, 900
people. At the end of 1882 there
were 81 governmental agencies, en-
ploying 66,302 workers. A portion,
but by no means all, Of the increase
is occasioned by war activities. WE
MIGHT get along with few less and
save some of the hard-pressed tax
payers money, or use it to buy
more guns.
The midland journal. (Rising Sun, Md.) 1885-1947, 1942-05-22
CAN THE GERMANS
REALLY TAKE IT?

I HAVE German-born, though
naturalized, yard man, who deplores
what he says is the reason for this
war.
To prevent other wars, he hopes
this one. viii not stop until all Ger
many is occupied by Allied troops.
That, he says, win take the war
fever out of the German mind.
From what he says, I gather that
he thinks the Germans are not so
good at taking it, as they are at
dishing it up for the other fellow.
Evening star., 1942-03-20
~ the Associated Press.

NEW YORK. March 20.-An un-
identified little red-headed" Navy
gunner was credited today by a
hardy group of American merchant
mariners with the sinking Of an
Axis submarine which torpedoed and
sank their freighter in the South
Atlantic on the night of February
%
The survivors came here yester-
day only long enough to get their
papers in order, sign on Immediately
with other vessels and put out to
sea again.
A brief. official account of the
sinking of their freighter and their
counterattack on an Axis Subma-
rine was released last Monday by
authorities of the 9th Naval Dis
trict at Great Lakes, Ill.
But the survivors went further
than the official account-they said
their favorite red-headed Navy
gunner undoubtedly sent the Axis
attacker to the bottom.
The Navy gun crew. under the
direction of Ensign Peter NJ Wendt,
said the survivors. went into action
right after the Axis torpedo crashed
into the freighter's starboard bow.
The engine room crew remained
below decks and pushed the mer-
chantman under full head of
steam despite the damage that
caused her Immediately to dip for
ward and list to starboard, the
crewmen said.