davidaulloa/AmericanStories huggingface dataset:
Evening star., 1942-09-08
Stock Market Edges
Moderately Higher
After Holiday
Advance of Fractions
To About z Points
Reduced Later
BY VICTOR EUBANK,
Associated Press Financial Writer

NEW YORK. Sept. 8.-The stock
market resumed business on the
bullish side today after the lengthy
recess, in which disturbing situa-
tions failed to develop either at
home or abroad.
Leaders were bit hesitant at the
start, but an advance soon got under
way when it was realized sellers
were exceptionally timid Gains
ranged from fractions to around 2
points at the best. These we're re-
ouced in many instances, however,
in the final hour.
Lively dealings in low-priced
issues, in addition to two special
offerings, put the days turnover to
about 100000 shares, largest in three
weeks.
Wall Street generally viewed as
constructive the presidential anti
imitation message and optimism was
spurred by the speeches of Roose-
welt and Churchill implying that the
United Nations were preparing to
carry the war to the Axis on a big
scale. Market sentiment also was
bolstered by battle reports from
Egypt and Russia.
There was an assortment of new
highs for the year or longer, includ-
ing Western Union, Erie common
and certificates, Chicago g. Eastern
Illinois A, Twin City Rapid Transit
preferred, Goodyear and Goodrich.
Of the two specials" which went
through the exchanges machinery.
l2,800 shares of Allis Chalmers wag
quickly oversubscribed at 49,. A
block of 10000 shares of Woolworth,
offered at %, took a bit longer to
negotiate.
Investment purchasing of Amer
lean Telephone and WESTINGHOUSE
gave these blue chips a good lift.
Ahead most of the time were United
States Steel, Bethlehem, Chrysler.
Sears Roebuck, Montgomery Ward,
Du Pont, Eastman Kodak. Amer
ican Radiator. Chesapeake & Ohio
and Santa Fe.
Evening star., 1942-09-08
Southern Building
AT An-Time Peak
In Eight Months
p, the Associated Press.

p, the Associated Press.
BALTIMORE, Sept. s.-Construc-
ton work in is Southern States
was valued at $4,000, ,022 900 in the
first eight months Of 1912, outrank-
ing similar periods of all previous
years. the Manufacturers Record re-
ported.
The eight-month volume topped
the $2,933 ,s08, 900 in the whole year
of 1941, the previous high-water
mark.
Construction in the last eight
months included $1,5O5, ,553, 900 in
public building; 1886, ass 600 in in
dustrial construction, $101, ,855, 900 in
private building, $341 ,263, 900 in en-.
gineering, and $114, ,896, 900 in high
ways.
Southern construction in August
totaled 1924 ,694 900, more than four
f1fths Of it in public building, the
Record added.
Evening star., 1942-09-08
BONDS
PUBLIC UTILITY.
STOCKS

er Rf&W Cp 1st 4As 1948 1924
Evening star., 1942-09-08
BaItz Will Speed Up
Building Association
u. 5. Bond Buying
Named D. G. Chairman
In Drive Launched
By Lopn League
By EDWARD c. STONE.

Edward C. Baltz. secretary of the
Perpetual Building Association, has
been appointed District chairman
for Washington in the 100000 900
Evening star., 1942-09-08
Bonds

BY Privote Wire Direct to
The Stor.
Evening star., 1942-09-08

war bond cam
p ig n of the
United States
S a v ings and
Loan League, it
was announced
from Chicago
headquarters to-
day. He W i ! |
head the drive
for the invest
ment of S3,041,-
uUU IN Govern
ment bonds by
the building and
an associa
t ions in the
Capital during
Evening star., 1942-09-08
London Market Firm
In Quiet Dealings
By the Associated Press.

oy IIIe ASSOCIdCtu FTESS.
LONDON, Sept. 8-The stock
market closed firm today, although
trading was light.
Industrials were selectively higher
with home rails ending at the ses-
slon's peaks. Oils were generally
improved, rubbers maintained and
teas hrmer. Diamonds and coppers
were steady while kafflrs mostly
were up.
British funds finished steady, while
Brazilian and Chilean bonds ended
firmer In the foreign list. Interna-
tional securities were higher.
Evening star., 1942-09-08
Burroughs DiscIoses
Decline in Profits
Fy the Associated Press.

Ty tNe ASSOCldLed PreSS.
NEW YORK, Sept. s.-Burroughs
Adding Machine Co. reported for
six months ended June 80 net profit
OF $1,000, AS, equal to 81 cents a
share on the capital stock, COM
pared with $2,180,744, or 43 cents a
share, in the first part of 194l. The
company's Federal tax provision in
the latest period was 1880 600
against $l.325 ,00c in the l94l
months.
Evening star., 1942-09-08
Decline Is Revealed
In Hosiery Shipments
B. the Associated Press.

NEW YORK, Sept. s.-Total ship
ments of hosiery in July amounted
to 1l,25o,861 dozen pairs, compared
with l2,889,370 in the like month of
194l, the National Association of
Hosiery Manufacturers reported to-
day.
This brought total shipments for
the first seven months of the year
to 86,4o7,324 dozen pairs, compared
with 85,200,309 in the first seven
months of last year.
Evening star., 1942-09-08
Sears Reports
Big Decline in
August Sales
y the Associated Press.

CHICAGO, Sept 8.-Sears Roe
buck & Co. reported today August
sales of $64, zoe, ,486, a decrease of
S23 ,OO9, lot, or 262 per cent, under
the August, l94l, sales of $87,715, ,593.
For the seven-m month period the
sales were SAT- 100, ,493, a decrease of
$38 ,292, ,730, or IA per cent, from the
$5l6. .083.223 in the corresponding
period.
Evening star., 1942-09-08

Venezuela Petrol
West Tab & S ] soc J
William Oil-O-M
Wilson-Jones .375e
Evening star., 1942-09-08
Money Market

NEW YORK Sept. tP,.-can money
STEADY; Der cent prime commercial
paper. ss pei, cent; Time loans steady
S9-ao days. =; As months, "a per cent
Bankers aeceptances UNCHANGED, 5000
oays, ta-.s rer cent, 4 months, is-4a per
cent; SIS months, Sal. per cent Re-
discount rate New York Reserve Bank /
Ter cent.
Evening star., 1942-09-08
Washington Exchange
SALES.

SALES.
Capital Traction lst $500 at 106.
$500 at LOG.
Terminal Ref & VIII. Corp.-10 at
so. 10 at so.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09

China is backing a 100000 gold
mining project In Kinagsi province.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09

Shirt fronts of vinylite can be
cleaned by wiping with damp cloth.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09
official Order
On PriOrities On
Mine Explosives

An amendment to Preference RATING
Order P-56 issued April IS, 1912, added
explosives and explosive equipment to
the list Of mining machinery and
equipment In schedule A Of the order
This enables mine operators who have
serial numbers under the order to use
an A-1-c rating in obtaining repair
parts for such equipment.
To clear up some confusion which
has arisen as a result of this amend
ment, DR.. Wilbur A. Nelson, admins
traitor OF the mining branch, explained
that the A-1-c rating is applicable for
repairs to blasting machines and sim
liar machinery and equipment, but
that the rating may not be used for
ordinary operating supplies such as
black powder and dynamite, to which
the A-8 rating remains applicable.
Mines which do not operate under
P-56 may use an A-10 rating under
the general repair, maintenance and
operating supplies order, P-lOO. to OBJ
tain explosives. The amendment to
PISS does not affect any existing pri-
critics on explosives and explosive
equipment, nor does 1t prevent any
mine operator from obtaining explo-
sives in the same way as before the
amendment was issued.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09
CAR RATTONING
RULES RELAXED
BY WPB ORDER

The government Is relaxing its IA
tioning Of new passenger automobile
and new cars viii be available to people
who need a car "to carry on efficiently
essential civilian service OF war work. "
An eligible applicant may establish
need for an automobile by meeting any
of the following conditions:
That he must travel quickly and
would be better able TO do so by auto
mobile than by other means OF trans
portation.
That he must transport passengers
or heavy or bulky tools or materials
That without a car he would have
to walk at least three miles In going
to and coming from work.
That he would have to spend at least
II hours in going to and coming from
work without a car, and could save
As minutes by using one.
That his work is arduous, or his
hours unusually long, or that he must
travel late at night.
That local transportation services
are over-crowded.
That his physical condition would
make it a hardship for him to walk
or to use public transportation factl-
tiles.
That he clearly needs an automobile
because of other unusual circumstances
If the applicant fulfills one or more
Of the above conditions, he may quail
fly for a new car purchase certificate
BY showing that he does not already
nave an automobile adequate for his
purposes. A board may decide that a
;ar is inadequate If (a) it Is 1899 or
earlier model; or (b) it has been driven
more than 10000 miles; or (c) it has
,een rendered unserviceable by fire,
collision or otherwise; or I'D It is not
eliable enough for the services it Is
o perform; or (e) demands upon the
applicant for the specified services
AVE increased to such an extent that
lie needs an additional automobile to
ender such services.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09
Lead Mine for
Sale Near Cooke

Anyone seeking lead mine pros
pect In Cooke City district may get
in touch with j. H. Hazard, S27 sta
pleton, Bldg, Billings.
"I have a lead-zinc mine one mile
from Cooke City (southern Montana)
that has not been mined since 1917"
he writes. 1.-THE last carload was
shipped then and the mine closed
down. That car, I believe, was fair
sample Of the other shipments. There
were so in all I want to sell this
property and viii make reasonable
terms"
A photostat copy of the smelter re-
turns on this one car showed 81 per-
cent lead and Is percent zinc with
ounces of silver and 90 ounces Of gold
in a 50,200-pound shipment.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09
WILL USE go
TRUCKS TO HAUL
COAST GASOLINE

SEATTIE-Trucking companies are
taking steps to relieve the easoiins
shortage to western washington and
Oregon by hauling fuel directly from
California to eastern Washington and
inland Oregon points, j. ID. Harms
president Of q Seattle petroleum haul
ing concern, said.
He predicted that within IS davx
various concerns would be hauling
100000 gallons OF gasoline and fuel an
daily to inland points from the SOUTH
ern fields.
Harms planned to arrange for garage
and repair facilities along the route Ia
service up to 80 tank trucks.
The companies are making the move
at the request Of the government, he
said. Harms is regional vice president
Of the American Truckers association
and Pacific coast member Of a motor
transport Haison committee of the Of
flee Of defense transportation.
The trucks win make the round trim
between the Inland empire and San
Francisco in about AZ hours.
Use OF the trucks Is expected to pro
vide coastal points with tanker gaso-
line now delivered to inland centers.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09
SAYS
WGT Thinkinn

Are you thinking In terms Of war?
Those Of you who have sons, broth
ers and relatives at camps or on fight
ing fronts have good reason to be
war-minded
To other Montanans, 1t VIII not be
quite so evident that we are at war.
Our civilian life has been upset slight
~ by freezing" orders on commod-
tiles, as most Of us have some supplies
on hand.
Montana Kilowatt has Just returned
from jaunt to Seattle, Portland and
way points. AS one journeys toward
the coast the evidence Of a war In
creases. The coast cities are a beehive
Of activity and what you see Is con-
vincing evidence that we are on our
way to make it hot" for the axis. The
complacency and trusting dispositions
of most of us Americans Is no longer In
evidence. Even very honest looking
Americans are kept moving In most
areas and denied admittance to critical
areas. 1t is very inappropriate to carry
cameras and binoculars. Ample signs
In public places warn against indis-
Greet talking.
The outcome of the race between
the Allied nations and the axis to
produce metals for manufacturing air.
planes, ships and machines for their
fighting forces will largely determine
the outcome of this war. Montana's
principal metal producers stepped up
production long ago in anticipation Of
this need. The recent plan of Mon
tana's leading mining men and the
governor to mobilize all existing min
ing and milling equipment for the pro-
duction of strategic metals may mean
the additional metal required to break |
the enemy's back. Some may doubt
the feasibility of the plan and dis
obstacles may arise, but let's /
get behind these men, who represent !
the private enterprise system upon /
which this grand country of ours was
quilt, and help to put the plan across.
This is no time for selfish opportun-
SITS to reap profits or social reformers
20 make so-called social gains at the
expense of our chances of survival as
/ free nation The initiative of these
mining men and their willingness to
pend their own time and money to
york out a plan to increase strategic
production should not fail in winning
he wholehearted cooperation Of the
governmental agencies necessary to the
ucceSsful contamination of the plan.
Private industry can only produce
vhen the price received for the prod
let equals the cost Of production, plus
he taxes 1t must pay, plus rate
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09
Only Wyoming
Is Exceeding It's
AWOLDnbLe Rate

Production figures air mailed to the
Journal at IL p. m, April 90, did not
reach the Journal In time for publica-
ton In the issue Of May 2. 1t is hoped
that the figures for the succeeding
week win arrive for this issue. The
totals for the week ended April 25
follow:
Montana-21 ,600-No change.
Wyoming -93, 10000 decrease.
Colorado-5, 10000 increase.
Wyoming alone exceeded its allow
able Of $1,000 barrels Montana's al
lowable was 23,700 and Colorado's,
$500 barrels daily during April.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09
OPC COGNIZANT
OF SITUATION
. NORTHWEST

1 Assurance that the Office Of Pc
1 troleum Co-ordinator has full COM
/ prehension of the petroleum situation
in the Pacific northwest is given by
Robert E. Allen, assistant deputy pc
troleum co-ordinator, who adds that
effective utilization of the petroleum
resources of the nation is coming as
war demands develop.
"Our entry into the war found the
nation ll-prepared so that now, In
the general shortage that exists in the
supplies Of all critical materials, we
can wish for tripled production Of
many things" he states. Increased
crude Oil production means little, how
ever; If steel is not available for build
ing pipelines or erecting refineries so
that the crude oil may be converted
to useful form and delivered to APP
propriate destinations" he writes.
This office has far greater interest
In the development Of the petroleum
resources of the Rocky Mountain states
than is generally recognized Situated
as they are, the fields In this area
constitute an important source of pc
troleum that probably viii be utilized
even more effectively as the war pro-
crosses. The relative proximity to the
Pacific coast and the ability to rely
heavily upon the Rocky Mountain area
as source of supply are important
factors In petroletIm's overall war pro-
gram.
when steel is generally so unavail-
able, it Is physically impossible to UNI
dertake a full program of development
and expansion in all oil-producing
areas simultaneously. 1t seems only fair
to permit all oil-producing areas to
proceed with development operations
on the same reduced scale OF activity
permitted under Conservation Order
M-68 and other regulations issued by
the War Production Board Later, as
the war progresses it may become |
necessary to consider the geographical
position of respective oil-producing
areas as basis for determining APP
propriate action.
'Your publication is to be commend
ed for its jealous support in behalf
Of Montana's interest in oil It win be
appreciated, however, If you viii bear
In mind that the problem of supply
ing adequate supplies Of petroleum for
the war is national in scope and no
one can be relied upon to fulfill the
total war demand. If it becomes neces-
;ary to rely more heavily on one state
than another In any portion of the
war program, the need for such action
viii be dictated solely by considera-
lion Of how the petroleum resources
If the nation may be utilized most
effectively"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09

of return on the original investment
commensurate with the risk of oper-
alton. In time of war, It is necessary
that the people as a whole contribute
to substitute production Of essential
materials for the successful prosecu-
ton Of the war. High cost producers
Of strategic metals cannot operate
without partial subsidy, when the
prices Of metals are fixed.
We are in the war, so let's all CO.
operate to win it as quickly as pos
sible and save the lives Of our boys.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09
AUTO Is PART
OF AMERICAN
WAY OF LIFE

The automobile Is so interviewer with
our national economy that its neces-
sary civilian use should and must be
continued declared W. S. s. Rodgers.
president Of The Texas Co, at the
company's annual stockholders meet
ing held in New York Prompt action
he added, should be taken to supply
synthetic rubber for use In manufac-
turing tires to keep essential civilian
automobiles on the road.
Although the government has an
nounced q program for the manufac-
ture of approximately 100000 tons of
Buna s rubber annually" he said,
"this win not become completely avail
able until 1874. This supply, moreover,
is intended solely for military and
other essential uses"
The oil industry win probably play
an important part In overcoming the
rubber shortage, Rodgers said. He
added that the industry was a DOM
inant factor in bringing synthetic rub
Der to this country's attention, and
has now appointed a committee, with
himself as chairman ITO make recon-
for increasing the an
program so as to include some
rubber for what we consider essential
civilian use"
II have great deal Of confidence
n American ingenuity" said Rodgers,
and with such large supply Of used
-ubber In this country subject to rec
in addition to the efforts now
,eing made to manufacture synthetic
'ubber and to find some other substi-
ute for rubber in tires, 1 would not
,e surprised If we should soon find
solution to this rather diff
icult problem"
Texaco's president announced the
Stimated earnings Of the company and
ubsidiaries excluding European sub
as $7,900,0O0 or 70 cents per
hare for the three months ending I
darch 81. This is, after charges for I
depreciation, depletion, amortization
nd provision for federal income and
xceSs profits taxes at 1871 rates, and t
ompares with $6,600,00O, or 81 cents e
er share for the first quarter Of 1941. T
earnings for the first quarter Of this Y
ear are after charge to income of
5 ,000, 900, which has been set aside n
S a reserve for additional taxes and Il
Their contingencies due to the war. S
while the earnings for the first C
uarter are satisfactory" Rodgers said, n
they should not be taken as an indi- CT
alton of the earnings for the year e.
942. The truth Of the matter is that II
ne many serious problems facing the Il
ldustry and the new problems con- tx
,antly arising make it almost impos- D
bic to do any longe-range forecast
lgl" ir
He pointed out that the principal II
factors now facing the in I'll
lstry are transportation difficulties, a,
ssulting in loss of volume In certain CT
'eas and increased distribution costs; tn
lie rubber situation, and the cessation eV
automobile manufacture, which win q
lortly reduce the number Of cars and p
ucks in use. He indicated as favor hi
lie factors the increased demand for as
'troleum products for government ia
e, including 100-octane aviation gaso- 81
lie and lease-lend purchases; in
eased industrial activity, stimulating al
e sale Of high grade lubricants and de
els, and a new demand for base az
ocks for synthetic rubber and toluene. an
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09

One candlepower kerosene lamps
have been developed for use during
blackouts.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09

Mr.. Burt Brewster, Observation-Disclosures
Mining and Contracting Review,
Dooly Building,
Salt Lake City, Utah.
Dear Mr.. Brewster:
acknowledge receipt Of your publ
cation OF April IS, using my name in
one OF your editorials or correspond
ence, and 1t seems that not only your
SELF, but a Nevada miner wants to
know Who In the Hell Is E. B. Hard
rock) Coolidge" and for your infor-
nation wish to give you the following
enlightenment.
I came TO Montana in 1906 as a
young mining engineer and followed
the gold mining game exclusively for
- years, living from 10 to IS miles
from q railroad for some Is years. I
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09
PATENT MINING CLATMs

Application for patent to five mining
claims has been made In the Great
Falls land office by Bins Mines Inc,
Of Butte, for the Camp Bird, Emerald,
Emerald Extension and Sund Light
lode mining claims, 1854 acres in
Sections and 5, Twp IS, Rye. SW.
Frank A Roeser Of Anaconda has
asked for patent on the Dark Horse
and Dark Horse Millsite claims, 1881
acres, in Sections 4 and 5, Twp. 6N,
Rye. INV.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-05-09
BUTTE RKNTs PEGGEn

WASHINGTON - Among S02 "de-
Tense rental areas" in which Price Ad-
mtnistrator Leon Henderson ordered
freezing Of rental rates Cat March /.
1912, level unless otherwise specified)
with area population In 1910 was Silver
Bow county, Montana, 53,2OT.
Evening star., 1942-10-15

had dinner in the farmers home.
We averaged nearly two fields of
hay a day."
Yeoman Cooke explained that on
recent night he and another petty
officer were "strolling along the
road looking for a place to dance.
A man pulled up in his automo-
bile and asked If he could give us
a lift. He took us to his home
He asked if anybody would like
to work on farm few days, said
he was short of labor and that we
could be of great assistance. We
agreed. got up a party and we've
had a very nice time. He gave us
Evening star., 1942-10-15

ginia Beach hotel this week end to
his group Of blue jacketed helpers.
The ships chaplain said I'VE would
like to place men on farms in other
parts Of Virginia. It's grand way
to spend their leave"
Sailors Enjoy Visits.
Their experiences on the farms,
the chaplain said, ARE doing these
boys q world of good. Many boys
came aboard ship at 16 years of age.
This is the first real leave some
of them have had for almost two
years. They hadn't been in a pri-
vate home for almost two years.
Evening star., 1942-10-15
British BIuejockets Pitch Hay
d o Help Virginia Farmers

yeoman told the ships chaplain,
who told the ships skipper, who
said "go ahead"
The skipper stipulated that his
crew accept no pay. The farmers
resourceful chaps-get around this,
however, by entertaining the sailors
in their homes, treating them to
beer, taking them to shows. One
farmer plans to play host at Vir-
Evening star., 1942-10-15

They need to get so or 100 miles
away from salt water for awhile"
The man who started the ball
rolling toward solving the farm la
Dor shortage in these parts is Yeo-
man of Signals Roy Cooke of Ports
mouth, England. This is the first
time I've had leave in about Is
months" the yeoman said. II def
nitely enjoyed the experience. The
hospitality shown us was gratifying
to everybody"
One night the farmer took Yeo-
man Cooke and several others to a
burlesque show. ut was quite good,
but very blunt" the Englishman
Evening star., 1942-10-15
Annapolis Plans USO Drive

ANNAPOLIS, oct. is (R.-Henry
Zerhusen, past president of the
Annapolis Kiwanis Club, was ap-
pointed yesterday to raise $4,000
for the United Service Organiza-
tions in Annapolis and Anne Arun-
del County. Mr.. Zerhusen said he
would open the campaign about No.
vember l,