davidaulloa/AmericanStories huggingface dataset:
Evening star., 1943-04-11
Stock Prices Uneven
After Worst Week
In Nearly Year
Bids for Roll Shores
And Few Industriols
Help Market
BY BERNARD 8. O'HARA,
Associated Press Finan: :ial Write.

Associated Press Financial write.
NEW YORK, April 1o.-After
taking its worst beating this week
in nearly = year, rallying rails and
scattered industrials today helped
the stock market regain its COM
posure.
The list advanced Monday and
Tuesday to peaks since May ., 1910
Profit taking stalled the advance
Wednesday and Thursday. Friday
witnessed the sharpest relapse since
May II, 1910, as the Presidents new
price wage ceiling drive took the
starch out Of speculative infiationists
and caused heavy unloading In vir-
tually all departments.
Correction Expected.
Bullish forces were not particu-
larly discouraged, however, referring
to the tumble as a long-expected
technical correction of the big up
swing from the lows of last April.
The feeling that the market, conse-
quently, was in healthier position
brought reinstatement of commit
ments in many cases today, although
numerous industrial leaders ex-
tended their decline.
Throughout the week the war
news was altogether to the liking of
the optimists and idle funds seeking
employment served to cushion the
large amount Of realizing that hit
the market. Wall Street opinion.
though, was that the decline could
90 considerably further without de-
f1ecting the long-ter direction.
Mixed tendencies prevailed at the
start Of the brief proceedings today
and, while favorites managed to
emerge with plus marks of frac-
tions to point or so. losers Of as
much were widespread.
Average Up Slightly.
The Associated Press average of
60 stocks was up L of a point at Ats
after Fridays slump of l.s. The
irregularity Of the session was exem-
plified by the fact that of $40 indi-
vidual issues traded, 435 were UP or
unchanged. against 405 down. Trans
fers Of 1,o56510 shares we're the
largest for a Saturday since Deem
Der n. 1871. They compared with
835,6l0 a week ago. During the week
there were four better than two
million-sha days, 4 record since
May. 1910.
Prominent on the days comeback
were Santa Fe, Southern Pacific,
Great Northern, General Motors,
Goodyear, Texas Co., Anaconda,
Montgomery Ward, American Can,
Western Union, Loew's, Allied
Chemical. Union Carbide and Wool
worth. Casualties included Ameri-
can Telephone. Chesapeake L. Ohio,
Radio Corp, Packard, Bethlehem,
Sears Roebuck, Dow Chemical,
Douglas Aircraft, Du Pont, West
inghouse, J. I. Case and Goodrich.
Rail Bonds Cut Losses.
Rail loans in the bond market ex-
tended Fridays decline, but there
was some recovery from the lows at
the close and the average loss was
narrow.
Buyers showed marked caution
despite improved action In the stock
market after yesterdays sharp break
on presidential action to strengthen
imitation controls.
1nvestment-quality bonds we're
general steady in quiet trading.
Transactions totaled So. .283, 900 face
value against 50. 1877. 100 the nrevion,s
Saturday.
Evening star., 1943-04-11
|PIywood Producers Request
Price Changes and Loqs

By the Associated Press.
Plywood producers have notified
the War Production Board that they
are confident they can increase
their output provided suitable logs
are made available and price adjust
ments are granted.
WPB said recently that soft
wood plywood output must be
stepped up to meet demand for box
ing and Grating. especially for the
Army Air Forces.
Production in the first three
months of this year was 80 per cent
under 1923 first quarter. This was
due largely to bad weather condi-
tions and shortages of manpower
and logging equipment, WPB was
told. A 10 per cent price increase
is effective April Is on Douglas fir
plywood.
Evening star., 1943-04-11
Wholesalers Report
Early Buying Of
Fall Merchandise
Tenseness Continues
Over Slow Deliveries
Of Spring Goods
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, April 1o.-Whole-
sale markets this week were fea-
tured by continued tenseness over
slow deliveries Of spring goods and
exceptionally early buying OF fall
lines, according to Dun Il Brad
street, Inc.
Distributors emphasized the con-
trast in buyers attitude, as COM
pared with other years: Seasonal
considerations were steadily dimin-
ishing in Importance as merchants
chief concern was to obtain mer-
chandise. Aided by f1ll-ins for spring
and good orders for summer and
fall, volume Of business was well
sustained.
Deliveries of spring goods were
frequently better than expected, es-
pecially in better-price apparel. Ar
rivals generally continued unsatis-
factory, however and buyers still
focked to markets to rush old or
ders; no cancellations were noted,
despite the nearness of Easter. Fill
in demand for spring stressed coats
and accessories.
I'm mems wear furnishings and
juvenile clothing were in demand.
A fair dress demand for post-Easter
selling featured heavier recorders on
cotton numbers. Summer sports
wear was very active.
Both seasonal and staple lines are
experiencing the earliest fall order
ing interest In years as buyers en-
deavor to avert delivery delays. With
many retailers placing heavy COM
mitments now on 4 take-when- ready
basis, oficial openings and market
events are being moved up weeks
ahead Of the usual schedule.
More attention WAS given to fall
apparel, although complete lines
were not yet available; offerings of
mems furnishings, sweaters and
skirts, slacks and piece goods were
eagerly taken by buyers.
Dry goods were tight. Efforts to
make available supplies 60 as far as
possible include breaking down the
size Of lots and In piece goods selling
by the yard rather than the piece
as formerly. In contrast to the in
creased demand In the apparel and
textile fields. hardware, builders
supplies, wallpaper and paint volume
Jagged behind q year ago, rejecting
the severe merchandise shortages.
Grocery jobbers reported volume
some 10 per cent below last year,
although some pickup was noted In
canned goods sales from last week"
Evening star., 1943-04-11
Fair Prices Necessary
For Oil Production,
Dawes Warns
Pure Oil Chief Says
Industry Helpless
Without Them
BY the Associated Press.

BY the Associated Press.
COLUMBUS, Ohio, April TO-
President Henry M. Dawes of the
Pure OIL Co. said today that given
fair prices, the oil industry can meet
any demands that are made upon
it."
But without them, he added In q
statement to shareholders at the
2sth annual meeting. they are
helpless"
Responsibility for setting prices
for crude rests with the ONCE OF
Price Administration" Dawes said.
The industry does not want and
would not accept any political ex-
pedient in the form of subsidy.
Should there develop in the future a
shortage, this instrumentality OF the
Government will be responsible"
Dawes said the company's over
all business In 1912 was comparable
to that Of the year before. and net
earnings amounted to $l3.76l, 1926.
No comparable figures were given.
Five directors were reelected
They were B. G. Dawes of Colum-
bus, j. A. Elkins Of Houston, Tex,
and sewell L. Avery. r. w. Nell
vain and J. E. Otis Of Chicago.
Evening star., 1943-04-11
Gains About Balance
Declines at Toronto

TORONTO. April 10.-Gains and
losses were about equally distributed
through the list in today's two-hour
session of the Tortonto Stock Ex-
change. Trading tapered of to show
turnover Of only about l25 900 shares
Aunor changed hands in consid-
cradle volume at q gain of II cents
to 80. Hollinger improved u to 1os4
and losses of a few cents were
boarded by Macassa, Kerr-Addison,
Pioneer and Macleod -Cockshutt.
Home OIL and Calgary and Ed
monton advanced ) to 5 cents and
the bids were Arm for the other
Western oils.
Evening star., 1943-04-11

Stringer, vice president Of the Hy-
draunc Press Brick Co.
Several hundred shippers and re-
ceivers Of freight from six States
and the District of Columbia are
expected to attend the meeting to
discuss the transportation situation,
freight car efficiency and supply and
the prevention Of loss and damage
to freight In transit.
Five Stocks at New Peaks.
During the week just ended five
issues listed on the Washington
Stock Exchange sold at their high
est prices for 1943.
They included Norfolk 6 WASH
ington Steamboat Co., Washington
Gas common and Gas $3.50 pre-
ferred. Lincoln Service common and
Mergenthaler Linotype,
The II 1,024 shares of Washington
Gas IS preferred stock. Just sold by
the Arm and q group of under
writers, will be listed on the ex-
change shortly.
Appraisers Meet Tuesday.
Washington Chapter. Society Of
Residential Appraisers, will meet
Tuesday at the Capitol Park Hotel,
with dinner at $50 o'clock and Curt
Mack. Federal Housing Administra-
ton authority, as the guest speaker.
He will discuss large-scale housing
projects. The meeting Is open to all
realtors and appraisers, r. Lee Bax-
ter, secretary, announces.
Loan Employe Enters Army.
Tull Ryall, assistsnt treasurer Of
the First Federal Savings Il Loan
Association, has been granted leave
Of absence, IS he has q commission
In the United States Army. He has
been connected with the building
and loan association since its or
ganization. according to Vice Presi-
dent Carl H. Ellingson.
d. C. Bankers At ABA Session.
Francis G. Addison, jr.; Charles
H. Doing, Robert v. Fleming and
Wilmer J. Waller are attending the
ABA Council meeting which opens
In New York today. d. ]. Needham,
ABA general counsel, and his assist
ant. J. o. Brott, are also In New
York.
Evening star., 1943-04-11
Which Stocks
Under 70 Have
Best Prospects?

II you want the answer to this vital
question, read FINANCIAL
WORLDS Guide to Low.Priesd
Stocks 1t lives our (u, ~ or
81 Gradins Of every N. Y. Stock Ex.
change Common Stock Under so.
Bssilss tie sbspe, orr remarkable
II Trial Offer vilI briss yes (s) or
sexf three masasisss, (b) bsckst
mssssi sipisg rsAises ssl date ~
1900 listed ssseks, (e) TIE Real
Fsres Bskisl This Msykss," tn "WAse
To Do About Isfshss" asl fs) 10.
Yssr Dividend Hover Rel 1883.
I,f2)."
ss:.,: s 81 H. = !. r: ..I. Il =: .:::: s::s;
ilsassstI, sss NJ i:ls:l fss ssf 81 lsi,ss
e. IT,. ..sss s:s IT. sss .:ss.s.. s:ss Sas
4 "a. i:s.i fss :s.sks 81 sd: s,
z e41ieiss g essal A1viee fsfytlegs. n
Read in April 7lst FINANCIAL.
WORLD osr (l), (z) Of ~ Trading
Of the speculative prospects Of al
N. r. Stock Exchange Common Stocks
from % to Is.
FINANCIAL WORLD
ss-FM Trjeisy Place New Ysrk
-
Evening star., 1943-04-11
Business Briefs

Increasing War Production pushed
Business Weeks index In the last
week to . new high Of 2O27, COM
pared with 202.2 in the preceding
week.. 1854 4 month ago. 1873 six
months ago and 1888 = year ago.
Fifty-feur Hour Week has been
adopted for all manufacturing de-
partments Of Bell Aircraft's assem-
bly, plant at Niagara Falls because
most assembly operations are per-
formed on = team basis and can be
carried on more effectively and
smoothly If all members Of the team
are on the job all the time" the
company announced. All employees
will work nine hours a day, six days
a week, beginning tomorrow.
Anaconda Wire l. Gable Co.
earned 81 .427, ,408 or $33S q share in
1912, after reserves Of 5000 900 for
contract renegotiation and $500, 900
for contingencies. In ls4l net was
$2,507, ,476 or $5.94 a share.
Consolidated Oil Corp. earned
$18, ,5eS or $1.42 q share in 1912,
after setting aside 81 500 900 for con-
tingencies. Profit for 194l was $l6,-
472,493 or $1.25 share.
Underwood Elicit Fisher Co.
earned $444,o or 60 cents q share
In the first quarter, against 1898 3,5s2
or 81 cents = share \ year ago, &C.
cording to 4 preliminary report.
Fifty-hve Million Dellars Of New
War Bonds will be purchased by
Aetna Life Insurance Co., company
omciak revealed.
Marshall Field 4 Co. sales in the
first quarter were we'll above a year
ago, but earnings decreased, Presi-
dent H. M. McBain told stockhold-
ers.
Mid Continent Petroleum Corp.
earned $6,112,158 or $500 . shade
in 1912, against $4,S66,o36 or 1852
Z share In 1941.
incorporated Investors reported
net assets of 1851 share on
March 81, compared with 314.64 4
share on December 81. 1912, and
$l1.99 . share on March 81, 1912.
No. 1 Cause Of Absenteeism is
sickness. 1t keeps the average work
er of the job eight days each year,
according to the annual report Of
the Mellon Institute Of Industrial
Research.
Smaller Profit Margins for rail-
road equipment manufacturers were
forecast by Standard d Poor's. AS
= whole the industry will expert
ence large 1913 production gains, but
some firms, especially those now
primarily subcontractors, may be
adversely affected later in the year
by the Controlled Materials Plan,
the agency reported.
Cotton in the Postwar World will
be the subject of the third National
Cotton Conference-Forum. spon-
sored by the New York Cotton Ex-
change, which will be held at Mem
phis April 20 At the invitation Of
the Memphis Cotton Exchange.
March Corn Grind Of 1921 ,204
bushels, compared with e.622 ,33s
bushels in February and 11,07l .961
4 year ago, the Corn Industries Re-
search Foundation announced.
Evening star., 1943-04-11
Chicooo Produce

CHICAGO, April 10 tPI.-Butter re-
ceipts, .399.O4s; Arm; prices as quoted BY
the CHICAGO Price Current unch.nsed,
ESEs receipts. 27,5e1: unsettled; prices
UNCHANGED
Potatoes, arrivals. AZ; on track. s3:
total United States shipments 1856; old
very light on account Of lack OF offerings
Of table stock; market unsettled; North
stock. 3.36; North Dakota Bliss friumphs,
commercial tagged seed. 3.66: Maine
Chippewas. United States No. l, 40;
Evening star., 1943-04-11
Grain Market Rally
Spurred by Jump in
Winnipeg Rye
Forecasts Of Corn Price
Action and Crop Doto
Also Lift Values
BY WILLIAM FERRIS,
Associated Press Market Writer.

CHICAGO, April 1o.-All grain
prices moved higher today, spurred
by q sharp upturn in rye At winni-
peg, 4 Government report estimat-
ing 4 substantial reduction In winter
wheat production and Washington
news dispatches predicting an up
ward revision of corn ceilings.
After the market closed, Food
Administrator Chester Davis an
nounced S cents 4 bushel advance
In maximums on cash corn. The
increase was to take effect imme-
diately, and would bring the ceiling
on No. Z yellow corn here to SLOT
bushel. There was no mention
Of futures ceilings in the news re-
ports.
Wheat closed h-1h higher, May,
3l.42h.x; July. sl.42h-h; corh
held 1T ceilings. May. 3l.ol;. oats ad-
vanced A-h, and rye spurted "a
IA.
The Government crop report set
winter wheat production as the
smallest in seven years at 558,551,-
900 bushels against 7o3, ,253 600 BUSH
els last year. Trade reports from
Kansas, however, said weather the
past few days had relieved any
need for moisture for quite some
time over a wide area of the State.
At Winnipeg, ceilings on rye were
removed at the opening and the
grain surged forward for gains
ranging to more than cents at
one time. The local market rose
IN sympathy with Canada, aided by
hasty covering on the part of pre-
vious short sellers. Grain men also
reported considerable commission
house buying Of the grain.
Resistance was met before rye
could advance 2 cents on the ground
that Canadian rye, despite its up
turn. could be delivered to Buffalo at
prevails for the domestic grain. The
Canadian grain, 1t was said, is of
better quality than domestic rye.
Ihere were reports some rye was
being used in mixed feeds.
Oats Also Higher.
The strength In oats largely re-
fiected the expectations of higher
corn ceilings. Use Of oats as a
feed Is increasing, with disappear
ance In the first three months this
year totaling 379, 1857 900 bushels
against 3ls s,4o8, 900 bushels & year
ago.
Grain range at principal markets
today:
MAY WHAT
Evening star., 1943-04-11

COinl1UCCee ] or
the coming an
nual meeting of
the District
Bankers Asso-
citation at the
Mayhower Hotel,
1t was announced
yes ter d ay by
President John
A. Reilly.
W. lie d r u
K o on tz, vice
president an d
cashier Of the
Anacostia Bank,
has been named
vice chairman.
Evening star., 1943-04-11

ester, N. T., on
Wednesday.
They are Col.
e. G. r. Lasher,
deputy chief of
the Tramc Con-
troll Division OF
the Army Trans
portation Corps;
Ralph E. Clark,
manager Of the
closed car sec
ton Of the car
service division
of the Associa-
tion of Amer
lean Railroads,
snd uArrxy r
Evening star., 1943-04-11
Briggs Manufacturing
Reports Lower Net

DETROIT. April 10.-Briggs Man.
ufacturing Co. and domestic SUBJ
salaries reports consolidated net
profit Of $4,1Sl, ,47o.6l for 1e42 after
depreciation and all other charges,
including provision for estimated
Federal taxes Of $5,150,O00.
The net Is equal to S2.l5 . share
and compares to $2.s3 per share
IN 194l, when net profit was $780,
Sl2.40, and taxes were 34,310.0O0.
Evening star., 1943-04-11
Listed Bond Values
Hiqherin March
BY the Associated Press.

bs Ine ASBoclHte0 PftN.
NEW YORK, April 10.-The New
York Stock Exchange reported to-
day that at the end Of March there
were 1888 bond issues listed with
q par value of $72,S56, ,093 1856 and
q market value Of 37l,575, ,1s3, ,604.
A month earlier the same number
Of issues had 4 par valuation of
S72 ,e6l ,67S, ,106 and . market value
Of $71 ,346,452,S52.
The average price Of bonds listed
on the exchange was $oS2.40 per
81 900 bond on March 81, compared
with $977.90 on February ~.
Evening star., 1943-04-11

Spot cotton closed .teady. rs cents .
bale lower. Sales, 1896. Low middlint.
!is 9fss Ree.p4s stosf sSed adssss
The averafe pric. OF middling }t-inch
Gotten today At 10 desienAted Southern
spot markets was IS cents 4 bale lower At
81 .O5 cents Z pound: average for the past
80 market days, 21.21: middlinG h-inch
Averaee, 2O.13.
Bid. Nominal
Evening star., 1943-04-11
North American Royon
Earnings Reduced
- the Aseociatod Proee.

NEW YORK, April lo.-North
American Rayon Corp. reported for
the year ended January 2 net proft
(suhject to possible renegotiation)
Of $l.4Sl.74l. equal to $2.e2 . share
On the combined "A" and -" CON-
mon stocks. The profit WAS Aftar
provision Of 100000 as cost Of 4
pension plan. In the preceding fiscal
year prodt was 81 "a, ,O3l, a. 0S.3l 4
ehafe, ca the combined stockA
Evening star., 1943-04-11
Cotton Is Depressed
By Price Control
Uncertainties
New York Futures OF
IS to IS Cents q
BuIe at Close
By the Associated Press.

By the Associated Press.
NEW YORK, April 10.-Cotton
futures lost Is to rs cents 4 bale
today in liquidation by commission
houses and Southern traders.
Uncertainties over implications Of
price-control pronouncements from
Washington and belief that fur
ther action might come after the
noon market closing were cited as
factors behind the selling.
Trade buying and short covering
at times tended to support prices
and the finish was moderately above
the days lows.
The ran1e Of fllfllrAs.
Evening star., 1943-04-11
$4.94 q Share Earned
By Eoton MFG. Co.
, the AMociatAd Press

bs tne As6ociAted PftSs.
NEW YORK, April 10.-Eaton
Manufacturing Co. reported 1942
consolidated net profit Of $3,4sl ,003
after provision OF $2,500, 900 for post
war and other contingencies. The
profit was equal to 34.94 a share and
compared with $4,364, ,6e6, or 1920 a
share, In l94l.
Evening star., 1943-04-11

oustavs A. Noe. from q nation
at-war which In 1914 is expected to
have budget OF 100 billions. Con-
troll over Federal appropriations, as
well as legislative responsibilities,
will be covered.
As chief budget examiner, he han
dies estimates and operating prob
lens for the District of Columbia
and some OF the most important
Government departments. Thomas
W. Howard, chapter president, will
be in the chair, many guests having
been invited.
Shippers Study Rail Traffic.
Three Washington men will ap-
pear on the program of the 6lst
meeting OF the Atlantic States
Shippers Advisory Board In Roch-
Evening star., 1943-04-11

w AS II l II & I o n
Chapter, Ma
tional Associa-
ton of Cost Ac-
countants, We'd
nesday evening
at the Hamilton
Hotel.
He will discuss
m E t h o ds en-
ployed by the
Bureau Of the
Budget in meet
ing the changing
conditions and
complex prob
lemS rAelIItin0
Evening star., 1943-04-11
CoMMoDlTIfs

A. p MARKET AVERAGES-Sock stable fall late in the
last week after the White imitation
Bonds lower in sympathy commodities gave up
crate ground AS shown the above
stocks dropped to 474 from 400 in the preceding
went to 1873 from 800 week earlier commodities
1868, compared with 1868 the week preceding.
Evening star., 1943-04-11

New Orleans Prices.
NEW ORLEANS. April 10 ,P.-Cotton
futures continued irregular here today and
elosins prices were steady, Is cents 4 bale
lover n 4 rAnfs hfehAr
Evening star., 1943-04-11
R. J. Doo|ey 10 Head
Finance Committee
For Bank Conc|ave
Koontz Vice Chairman.
Other Members Of
Group Listed
By EDWARD C. STONE.

Rutherford J. Dooley, vice presi-
dent and cashier of the National
Bank Of Washington, has been ap-
pointed chairman Of the Finance
Evening star., 1943-04-11
Corporation Eurninos

NEW YORK. Apru 10 Up.-cerpora tten
sArninsS feports feaeased durine Ne poSt
Hssx: sncHine ret tneoms Per share 0f
Evening star., 1943-04-11

Chieag4 Cash Market.
Wheat was Nh cent higher; basis un-
ehansed; shipping sales, $4,000 bushels: no
bookings: receipts. 21 cars. Corn was
sssan;n UNCHANGED a. At the eeilinr basis unehansed
10000 bushels; receipts. ia cars Oats
S vsre nrm on choice; balance A-ia cent
steady: shipping sales. 10000 bushels;
no bookings; receipts. 10 cars
Evening star., 1943-04-11
Weekly Financial Hiqh Liqhts

Sources American Steel Institute Association
roads, New
can Petroleum Institute: T.
Banks in 101 Cities; 10, H. II and Federal Reserve.
ion Treasury
tiles, per ~ ~
Evening star., 1943-04-11
Capital Securities

cover the Countef.)
The following nominal bid and asked
quotations on Washington securities traded
over the counter ~ Of Friday have been
assembled for The star By washington
members Of the National Association Of
Securities Dealers, Inc:
Evening star., 1943-04-11
Washington Stock Exchonoe

Asnosd By h h Co. shnston DC
ON WARRINGTON STOCK
AND INCLUDING
Detroit evening times., 1943-05-23

still hot. ~ - Wv s''''' "'' . ~
Can we have that? We found it?"
Drop It," gaspcd the mate Don't eat or
drink anything. think she's plaguer!"
What The man turned pale However else
could ship be under full sail and not mark on
her and be deserted unless some awful disease had
carried all hands off?
Get a hatch off and let's look at her cargo"
One of the hasds lifted batten
"Phcw she stinks. Whale OIL Seems in good
order
Yeah, but there amt no rats"
Better be getting off her," mumbled the other
hand
Hold hard"
Ncrvously they followed the mate into the
fo'cse, deck house abaft the foremast There
were three chests. Three shirts hung on line.
Pipes aud tobacco lay around
Looks like someone was here this mor1lin'."
Yeah"
Deycau went aft to the mates cabin opposite
that of the master In it he. found a cashboX
with money still in IT, On the bunk lay piece
Of paper with an unfinished sum. He took the
cashboX and what papers he could find TO the
Del Gratia
shes in good workaway order" he reported.
Running gear good, masts sound, hull tight.
stores all correct cargo in good order But there
amt soul aboard
"Shes dcrelct" muttcred Moorhouse with
great satisfaction. And she's ours for salvage.
But how the he'll did she sail herself for eleven
days against the wind
That night the log of the Del Gratia read:
II put party on board the Mary Celeste and
sent her in
Thus began one of the most famous mysteries
of the sea. And for fifty years the world has
wondered why that good ship was abandoned.
What happened TO the captain, the lady and crew?
Had some frightful sea monster picked them off
one by one Had the crew mutinied killed the
master and his wife then deserted No For the
two boats were still in place on her deckhouse.