davidaulloa/AmericanStories huggingface dataset:
Evening star., 1943-03-25
u. ). Shipping Lines
Defend Profits on
Voyages 10 Red Sea
Senate Committee Told
Contracts Not Subject
To Renegotiotion
By the Associated Press

Describing the l94l voyages carry
Ing war materials for the British to
the Red Sea as "a bargain freely
entered into which turned out
profltably'' for the shipping lines, a
spokesman for six of the lines in
volved has served notice they have
no intention of acceding voluntarily
to suggestions for return of some of
the profits.
John J. Burns, general counsel for
the American Merchant Marine In
stitute, told a House Merchant Ma
rlne Subcommittee investigating the
transactions yesterday that the con-
tracts were not subject to renego-
tiation because the British Ministry
OF War Transport. with which the
contracts were made was not en-
braced in the renegotiation statute.
I'VE see no reason, legal or equit-
able why any of the profits should
be returned, he said.
Later. Associate Counsel Ira L.
Ewers said under questioning that
the lines would not refuse to discuss
the issue, because that's what we
are doing here" but he supported
Mr.. Burns contentious that there
was nothing illegal or unconscion-
able about the transactions.
The institute membership includes
most of the subsidized American
flaglines. of which six, the American
Export, the American President. the
Colmar, the Isthmian, the Lykes
Bros. and the Matson Lines were in
volved in the Red Sea voyage con-
tracts.
Mr.. Burns opened his defense of
the transactions by criticizing as
distorted" figures presented to the
committee by Committee Counsel
James V. Hayes. These showed that
81 privately merchant YES
sells, on 80 trips to the Red Sea in
the spring and summer of l941, re-
ceived S31 ,364.8S0 in charter hire
and realized s26,974,176 profits.
The charter hire paid by the Brit
ish from lease-lend funds, he said,
was for the outbound voyage only.
and did not take into account ap-
proximately s2o,Oo0,OOO in revenue
received by the vessels for CONNER
cial return cargo. On the other
hand, the figure shown for profits
included profits for the complete
round trips of all vessels.
Furthermore, he said, the profit
figure shown left out overhead and
depreciation. which amounted to
another $2,500OO0.
Mr.. Burns also attacked what he
termed the Inference" of excessive
profits, which he said was drawn
from comparing the profits derived
from the voyages with the depre-
ciated book ,alue" of the vessels.
Book value in that connection, he
said, is meaningless"
Evening star., 1943-03-25
No. "a

It is high in
vitamin A, fair ~ ~
in vitamin c, no. 81
lower in ribo-
favin, but a
source of adj these healtn-elVlng
vitamins. 1t is unusually valuable
as source Of the essential min
ierals
Chard. or as it is frequently
known. Swiss chard and sea-kale,
CLOSELY resembles beets. The SEED
and tops look very much like beets.
A bronze leaf form is known as
rhubarb chard.
The chief value of this summer
green is that one planting on rich
garden soil will continue to produce
from early summer until frost puts
a stop to it's growth. The leaves
should be pulled without inJurins
the tender new leaves that form on
the inside of the clustered foliage.
Sow the seed six inches apart, IN
rows 18 inches apart. The drills
should not be more than one-half
inch in depth. Thin to 10 lnches
apart Since the seeds are in Gus
ters it is well to transplant where
the nlants are too thick. Like beets
chard may be transplanted sa1ely
if the tops are reduced one-thlrd.
BECAUSE the flavor and tenderness
Of this crop depends upon RAPID
succulent growth, rich SOIL Is oeslr-
Evening star., 1943-03-25
Brokers
Continued From First Page.)

UNLESS something is done 1943 will
be even higher than 1922
He disclosed that Chairman Vim
son would submit a new measure to
regulate war brokers by opening up
the earnings of those who receive
more than s25 900 in gross profits to
renegotiation.
The bill would define commission
agents dealing with the Navy as sub
contractors. AS such, they would be
subject to renegotiation act now
on the statute books, permitting the
Government to recapture excessive
profits.
The Naval Affairs Committee at
tempted last year to cut down on
agents profits by outlawing all COM
mission or contingent fees on Gov
ernment contracts-a bill which was
passed by the House, but was pigeon
holed by the Senate Naval Affairs
Committee on the ground that it
was too broad.
Mr.. Kline said that he would call
approximately dozen agents, at
least two manufacturers, and rep
resentatives of the War and Navy
Departments, the Maritime Commis-
sion and the Treasury.
He emphasized that the hearings
were not intended to reflect on the
agents, asserting that in most cases
their services had proved of value,
both to manufacturers and to the
Government.
Others called as witnesses today
include R. E. Taylor, Luther Bolton,
William S. woodward, Donald L.
Whitehouse, J. A. Mount, Estelle B.
Mount, Benjamin A. Powell, and
representatives of Charles Rubel &
Co., Inc: Washington Engineering
Corp. and the Commercial Engineer
ing CO.
The committee has the names of
100 brokers, who it is claimed made
profit of more than s5,254,825 last
year, Mr.. Kline said.
The committee also listed these
profits last year of sales engineers
called for the hearing today:
Associated Manufacturers, 1925 K
street NV, S47,797 received and
s75,073 due; Commercial Engineer
ing Co., 1927 K street NV, s57,714
received and $l41 200 due; Charles
Rubel & Co., 1101 Vermont avenue
NV, S287,553 received; R. E. Tay.
lor, S25,325 received and $141, ,59l
due; Luther M. Bolton, Investment
Building, s123,604 received and S16,-
600 due, and Mr.. Powell, $89,34;
received and $78,466 due.
Evening star., 1943-03-25
Bank CIearings Soar
31.7 Per Cent Above
Year Ago in Week
Income Tax Payments
Again Swell TotoI
In % Cities
BY he Associated Press.

BY he Associated Press.
NEW YORK, March 25.-Bank
clearings in the week ended We'd
nesday, augmented by further heavy
income tax payments, slightly ex-
ceeded enlarged turnover of the pre-
ceding period and continued sub
stantially above those of last year,
Dun & Bradstreet, Inc, reported
today.
Transactions in % leading cities
amounted to s8,897 ,704 900, up 31.7
per cent from s8,755,82OO 900 last
year, and represented an increase of
S7O,441 900 over those of last week.
More important gains over 1912
included: Omaha, up 56.6 per cent;
Baltimore. 5l.9; Minneapolis, 349:
Richmond, 32.l; Denver, 295:
Kansas City, 29.3.
Evening star., 1943-03-25
General Cut Avoided
In Cotton Textiles
BY the Associated Press.

bS lNe associated ITeSs
The Once of Price Administration
said yesterday it planned no general
downward revision of cotton textile
prices
Bernard F. Haley, director of the
textile. leather and apparel price
division, said the statement was
prompted by "a great deal of talk in
trade circles" that OPA contemplates
a broad reduction.
Because of increasing costs, he
said, it may be necessary in a few
instances to increase prices, while
in some other instances prices may
be higher than necessary. He en-
phasized that increases or decreases
would be made in individual textile
prices, with no general revision.
Evening star., 1943-03-25
Business Briefs

A New $4,000, 900 Issue of first
mortgage bonds will be registered
with the SEC shortly by the Chicago
packing firm Of Wilson & Co, Presi-
dent Edward F, Wilson announced
Proceeds will be used to redeem OBJ
legations bearing a higher interest
rate than the 80 coupon to be at
tached to the new bonds. A bank
ing group headed by Smith, Barney
& Co. and Glore. Forgan & Co. will
handle the Offering.
Higher Bread Prices are inevitable
because of increased wage rates and
taxes, declared Faris r. Russell
chairman Of Ward Baking Co. He
told stockholders rationing should
increase demand for bakery prod
uctS substantially.
Advertising Decreased only 5.2fs in
1912, despite rationing and curtail-
ment Of durable goods, according to
estimates by Dr.. l., D. H. Weld in
Printers Ink. Advertising invest
ment for 1912 was estimated at
S1,820 100000, a drop of Sl00 100000.
Newspaper advertising declined only
81.
Man Hours Worked, earnings and
total payrolls in January stood at
new peaks, the National Industrial
Conference Board reported. En-
ployment declined slightly but eX-
ceeded all previous levels, except the
mark set in December 1912.
Wholesale Food Prices Climbed
further in the week ended March
%, according to the Dun & Brad
street index, which stood on that
date at SAIL. new high in more
than 20 years. 1t compared with
1857 year ago, or rise of Isle.
Construction Awards this week
amounted to STA 10000, compared
with s55,634,0 900 in the preceding
Evening star., 1943-03-25
Orders for Structural
Steel Down Sharply

Bv the Associated Press.
NEW YORK, March 25.-The pol
icy of the War Production Board in
restricting the use of steel to direct
war purposes was responsible for a
drastic curtailment of bookings of
fabricated structural steel in Febru-
ary, the American Institute of Steel
Construction reported today. The
decline has been constant since the
policy was inaugurated last June.
Bookings in February totaled
1850 tons. against $3.50 in jan
uary and 228,6S8 in February. 1942.
The total for the first two months of
$3.50 compared with 412.075 a year
ago.
Evening star., 1943-03-25
London Bank Report

LONDON, March 25 tq).--The weekly
condition statement of the Bank OF Ens J.
land reported an increase of more than
fl,00o,00o IN note circulation which
Private deposits rose almost SIS 600, ,00n.
government securities were no fl1 $50 900
f3.ooo,000. Public deposits were of
1897 600
The proportion of the bank s reserve TO
liabilities was 90 per cent compared with
IL 7 per cent the same week year ago.
The detailed statement for week ending
March "a follows Tin thousands OF
pounds:
Circulation. a2s.7l1: increase 1894
Bullion, 1.5p0. increase, 81. Reserve. o.
s73 decrease, 1"53. Public deposits
S 966: decrease, s97. Private deposits
224 IA: increase 1866. Government
securities, 1919 23S: increase $50. = OF
securities, 26,693; increase. 3.I5n 70
OF reserve to liabilities, 90 per ce@
pared with Ill last week. Bank
Der cent
Evening star., 1943-03-25
CeIotex Net Remains
Near 1912 Levels

By the Associated Press
CHICAGO, March 25.-Celotex
Corp. reported net earnings for the
quarter ending January 81, 1943,
were S275,575 after all charges and
provisions for taxes. This was equiva-
lent to 81 cents a share on the COM
mon stock.
Earnings were approximately the
same as in the corresponding quar-
ter year ago when the figure was
S278,290, also equivalent to 81 cents
a share on the then outstanding
common stock.
Evening star., 1943-03-25
Rail LOadings Down,

The Association of American Rail-
roads reported that 763,134 cars of
revenue freight were loaded during
the week ending last Saturday.
This was a decrease of 908 cars,
or OIL per cent, compared with the
preceding week; decrease of 28, 500
cars, or 36 per cent, compared with
a year ago, and a decrease of 1850
cars, or 0.3 per cent, compared with
two years ago.
Evening star., 1943-03-25
New York Cotton

NEW YORK, March 25 tP-Stiaenins
opposition ~ higher farm price legislation
ana reports OF contemplated new food
agency to control farm values caused the
cotton market to react today
Futures advanced almost so cents a bale
early on trade buying and a further in
crease in Government textile orders. but
pront taking and hedging forced prices
lower
Late prices were Is to 90 cents bale
down. May. 2O.32. July, 20.16 and Oc-
tober, 1894
Liquidation and hedging in the hnal
hour uncovered stop loss orders and prices
closed around the lowest levels OF the day.
Futures closed 80 to 10 cents a bale
Evening star., 1943-03-25
United States Treasury Position
week and sl77115,0O0 in the CORE
spending 1912 week, Engineering

week and SlT7,ll5,000 IN the CORE
spending 1912 week, Engineering
News-Record reported.
Bituminous Coal Production for
the week ended March 20 was esti-
mated by the coal association at
IL 100000 tons. compared with H.
OTIS, 900 a year ago, or a gain of
1867. Production was 1880, 900
for the week ended March this
year and l26Oo,000 for the week
ended March 13.
Boeing Airplane Co. has declared
a dividend Of 81 a share on capital
stock, payable April 81 to holders
Of record April 6. A similar pay
ment was declared year ago.
State Surplus in Maryland rose
to Sl5, ,378, ,464 at the end of Febru-
ary, compared with a surplus of
Sl3 SCI, lit at the end of the pre-
cedmg month and $40, 700 ,449 on
February, 1912 The bonded debt on
February % was $35 ,252 900, against
s36 l52 900 at the end of January
and S39, 740 900 year ago.
Civilian Tea Supplies for the sec
ond quarter will remain about equal
to levels Of the first quarter the
Agriculture Department announced
Fairbanks, Morse & Co. reported
sales are running 500 above a year
ago.
Fisher Body division of General
Motors Corp. disclosed it's output
OF aircraft flight instruments now
Is 10 times greater than originally
scheduled. Workers making these
instruments have been euadrupled
in the last six months
Pullman Co. earned s400.202 for
January against s70l 1893 in Jan
uary, 1912.
National Container Corp. earned
S654,6 or Sl98 share in 1912,
against $l,073,435 or 1925 a share
In l941.
Evening star., 1943-03-25

OF LNe DOafQ TO-
day, according to
a n n o uncement
by Lloyd B. Will
son, president.
Or i g i n a IL y
from the State
Of Washington
and a graduate
Of Washington
State c oil e g e,
Mr.. Folger is
well known as a
leader in the
financial, civic
and social life of
the District of
Columbia.
Evening star., 1943-03-25
Commodity Prices

NEW YORK, March 25-The Asso-
ciated Press weighted wholesale price
index of 35 commodities today declined
to l0646.
Previous day, 1868 week ago. 1O637;
month ago. 105. .33;. year ago, 9s.17.
1913; 1912; 1871: 1889 40.
Low 103.43 1854 77.O3 631S
G426 average equals 1000
Evening star., 1943-03-25
Odd-Lot DEALINGS

PHILADELPHIA, March 25 LP.-The
Securities Commission reported today
these transactions by customers with odd
lot dealers or specialists on the New York
Stock Exchange for March "a: 3611 pur-
sales involving 94.7ls shares including
81 short sales involving 1,O46 shares.
Evening star., 1943-03-25

He Is chairman of the District
Chapter, American Red Cross; men,
Der Of the Executive Committee for
the District of Columbia War Loan,
a member of the Executive Commit
tee and Board of Trustees of the
Community Chest and a member OF
the Central Committee of the Wash
ington Cathedral, Mr.. Folger was
campaign chairman of the Commu-
nifty Chest in 1941 and member OF
the General Committee and director
OF the Community War Fund for
1912.
Mr.. Folger is vice president of
the Investment Bankers Association
OF America, secretary-treasurer of
the Mayflower Hotel Corp. and
chairman Of the board of the Pied
mont Mortgage Co.
All Gas Officials Reelected.
Directors Of the Washington Gas
Light Co.. meeting yesterday, re-
elected Marcy L. Sperry. president;
Everett j. Boothby, vice president
and general manager; Robert c.
Overs. vice president and treasurer;
Edward T. Stafford, secretary; o. H.
Ritenour. controller; James D. Ding
well, jr., assistant vice president in
charge of personnel relations; Wylie
w. Barrow, A. Gray Dawson and
Evening star., 1943-03-25
Chicago Cash Market.

Cash wheat. No :, dark Northern,
141A; No. 3 hard. 49,. Corn, No. 3
yellow 00-1 OF; No a. 91la: sample
grade yellow, 90; No. 3 white. / .23; No. 4,
is No. ), .os. Oats, No; mixed,
66lz-94; sample grade mixed, 63l.; No, !
Barley. maltine, a0-I OF nominal: feed
5000 nominal. Soybeans, No. 3 yellow
1.6s Field seed per hundredweight nom
inal: Timothy. 4.75-5 90 alsike 81 90
500; fancy red top. 7.25-15; red clover,
100; sweet clover, 1903. so; al
falfa. 80 50-3a 90.
Evening star., 1943-03-25
Feb AZ Ian Feb

Folger on Telephone Board.
J. Clifford Folger, president of
Folger, Nolan g. Co., was elected a
director of the Chesapeake l. Poto-
mas Telephone Co. at the meeting
Evening star., 1943-03-25

New Orleans Prices.
NEW ORLEANS, March 25 LPt.-Cot-
ton futures declined here today on
Washington reports that administration
leaders were vocing objections against
pending farm price legislation. The
market closed barely steady, rs to rs
cents Q bale lower
Evening star., 1943-03-25
Chicago Grain

CHICAGO. March 25 lP.-Grains
elumped today in response to reiteration
by Price Administrator Prentiss Brown of
Congress which, he said would raise the
retail price OF foods between II and Is
Der cent.
Rye was under most pressure dropping
more than cent at times. as fairly heavy
liquidation from leading commission houses
entered the pit. Early gains in wheat and
oats were erased on moderate selling. All
markets lacked buying demand.
Selling pressure increased in the final
minutes and wheat closed 1hs-1as lower.
May 1.44ss-l2: July, l.45-1.447s: corn
oats dropped a.-1 cent and rye lost ls4-2
cents.
WEEAT-Open High Low Close.
Evening star., 1943-03-25
Capital Store Sales
3 Per Cent Above
1912 in February
Neor-Ponic Purchasing
Of Apparel Reported
By Richmond Bank
BY EDWARD c. STONE.

Nearpanic buying of all types of
wearing apparel which followed the
shoe-ratloning order caused sensa-
tional gains in department store
sales in this territory in February.
the Washington upturn being %
per cent over February, 1912, the
Federal Reserve Bank of Richmond
reported today. The Capital up
swing was the more impressive
when i. is recalled that there was a
gain in February year ago of
"a per cent over the previous year.
Department store sales in "a stores
IN the fifth district scared SO per
cent above February, 1912. Sales in
Baltimore and Richmond jumped 81
per cent, leading the district Sales
in q stores in a group Of other cities
were 54 per cent ahead Of last year
Every important city in the district
made surprising gain, the survey
shows.
In the first two months of this
year cumulative sales in Capital
stores were per cent ahead of the
like 1912 period and up 18 per cent
in the fifth district.
Fifth District Cities Compared.
Sales in leading cities in February
and the two months compare as fol-
lows with tho perceptaces a vear
Evening star., 1943-03-25
CHARD
BY WILBUR II. YOUNGMAN,
The S.ar's Garden Editor.

Chard, one of the best green leafy
summer greens, is highly productive
for the space occupied 1t may be
harvested throughout the summer.
Evening star., 1943-03-25

Spot cotton closed steady. 25 cents
bale lower; Sales. 3.7lb. Low middlins,
3i46. Receipts. 7a4: stocks. 0 a5s.51I. 5''
a Asked. b Bid. n Nominal
Evening star., 1943-03-25

Great oaks from little acorns
grow. War bonds are the most
promising acorns on the market.
Evening star., 1943-03-25
Baltimore Stocks
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE March 25.-
Sales. STOCKS. High Low Close,
50 Arundel Corp Is I724 "a
300 Bait Trans 10 1.l0 lilo
$50 Bal Trans pfd 10 10 10
10 Fid 4 Deposit 1"134 l2712 121a4
254s New Amster Cas- 25t2 25 2512
Seabrd Coml pfd II 81 81
BONDS
$1,000 Bal Tran deb As A 49i2 49l2 49b
Evening star., 1943-03-25
Fifth District Cities Compared.

Sales in leading cities in February
and the two months compare as fol-
lows with the percentages a year
ago.
Evening star., 1943-03-25

Rates Of dividends in the
foregoing table are annual
disbursements based on the
last quarterly or seni-an-
nual declaration. Unless
otherwise noted. special or
extra dividends are not In
cluded. . Also extra q
extras. d Cash or stock.
Paid last year. Payable
in stock. & Declared or paid
so far this year. h PAYABLE
in Canadian funds. ( Ac-
cumulated dividends paid or
declared this year. Wv with
warrants. xv Without war
rantS.
Evening star., 1943-03-25
STATEMENT OF THE CONDITION OF
THE
FideIity.Phosnix Fire
Insurance Co, OF New York

OF New York, N. Y, on the 81 st day OF
December. 1912. as required under Sec
ton 647 OF the Code of Law for the
District OF Columbia.
Henderson daily dispatch., 1943-07-30
CHATTER NlNicTTk.N

KAREN decided that she ouobt
10 dismiss the entire episode nr
Eva Parks battling behavior. in.
cluding her queer remarks with
their undercurrcnt of hidden moan.
ing ana the sparks o! hatred that
hau been IN The younger girls eyes,
Perhaps she had made more nm,
of the little incident than Sine
should: there could not really b..
anything serious behind it. Eva
might, aS she had 3urnriscd. lac
Somewhat cnvio,s OF Ear,n. In,
certainly there was no reason for
her To feel bitter tOw"rd her or I'm
hate Karen. AS for i;v:;'S tclIino
laul now Karen really felt about
her engagement ring. that il Was
Too gorgeous. let her repeat it if
she wished, or even try To- miscon-
stiuc It. Karen could laugh il off
ana continue TO save paurs feel
ings.
Nevertheless. she decided 10 men,
lion Tic episode to Paul. in a cas-
u&i way. OF course. just in ease Eva
did say something that he mi.ht
hllScohtSruc. ana to satisfy her own
curiosity. Karen found it not quite
so easy to dismiss il as she had
hoped. II vas not that she cared
whether EVA liked her ring or not
but Sic did care ii the Younger
Eirl. Tor some reason or O;ncr. dis
hEod her. II was not pleasant to
maze anyone dislike you as much
as that. 1t made you mcomfurt-
able. Especially when il was so I'M
fair, 50 without Justification.
1t was Il few nights :ater when
faul asked her. half tcasingly. half
seriously. when. if ever. she vas
going To make up her mind and set
definite date for their wedding
mat Karen brought Eva into il.
Half laushin9ly and half seriously,
too. since this appeared a good
time and good way to breach this
particular subject. she said
Il don't know. I'm almost afraid
to set definite date. darling. for
fear something will pop up to spoil
il, or someone"
What 30 you mean though
l know you're joking" They had
spent this evening playing back
CANNON with another yourg cou-
pie and were OH the way home.
driving slowly along the Ocean
boulevard in iaui's low roadster.
it, top down, his one arm flung
carclessly about the back IF the
seat and lightly against her shoul-
dcrs. WHO could possibly spoil it.
or what could pop up that would
he important enough to interrupt
that ceremony? You don't think,
darling. that when the minister
reads those ominous words that al
ways somehow send the Greens
over your body, If there be anyone
present who can offer just cause
why this man and this woman
should not be united in holy matri-
mcny, let him now step forward. or
forever hold his peace" You don't
think, darling. someone will step
forward. do you?"
"Of course not" Karen smiled
with him at such an unlikely hap
pcnin:.. Though I agree about the
crccps, and I've always. in my
bones, wanted some such drama to