davidaulloa/AmericanStories huggingface dataset:
Evening star., 1943-02-01
Bendix Aviation Net
Reduced Despite
Record Sales
War Output Reported
Boosted to 20 Times
Peucetime Levels
BY the Associated Press.

by the ASSOCidteu fIeSs
NEW YORK, Feb. l.-E. r. Breech,
president of Bendix Aviation Corp,
reported today the companys war
production was 20 times pre-war
levels and that about one-third of
this was in new types Of devices
developed since 1898.
Net sales for the fiscal year ended
September 30, 1912, were s459 .l6e,-
O26, a record and nearly three times
the total for the previous year
Net income, however, dropped to
s12,4s4196 or $3.50 a capital share
from the preceding years sl3,267 1888
or $3.50 a share, earned on sales
of sl56 6,59e,les.
Commenting on this decline.
Breech said.
Carrier Corp.
Carrier Corp, manufacturer of
Air conditioning and refrigeration
equipment, reported today It's net
income for the fiscal year ended
October 81, 1912. was $541 ,564, equal
to $l33 share.
The company changed it's fiscal
year, making impossible a direct
comparison with earnings reported
previously. but for the 10 months
OF the ls4l fiscal period net income
had been s515,949, or sl.3l share.
Ninety-five per cent of Carrier
Corps business during the period
was war business, the report said.
Orders booked during the fiscal
year totaled $34,509 ,666 for the
largest volume in the company's
history, while the backlog of un-
filled orders at the end of the Pc
riod were $24,7l7,3O
Devoe T. Reynolds.
Devoe g. Reynolds Co., Inc, and
subsidiaries reported net income for
the fiscal year ended November 80
was $s09,02l, equal after preferred
dividend requirements to $5.03 on
class "A' and B" shares, compared
with $1,178,188 or s708 a share on
those classes of stock in the preced-
ing year.
Canada Dry Ginger Ale.
Ndhdud LILY 1lIleeT Ale, Inc, ana
subsidiaries showed net profit for
the quarter ended December 81 of
S55l ,889, equal to 80 cents share,
against $285,l2 or As cents a share
in the comparable l941 period.
Southern Pacific.
Southern Pacific Co. in pre-
liminary report for 1912 showed net
income of $85,441, 1894, equal to $22 "a
a share, against 34,541 ,958, or $915
a share, in 194l. For December net
was $l2,303,2 ,205, against $563,l68 in
December of 194l.
Evening star., 1943-02-01
Chicago Produce

CHICAGO Feb. L tP.-Poultry. live;
Arm. II trucks: hens, under pounds
Leshorns,. under 4 pounds. 22; 4-5La
pounds. "a; fryers, "a pounds. colored.
Plymouth Rock, White Rock, 2Sh: springs,
4-5A pounds. colored, Plymouth Rock,
White Rock. ala; over ,5,a pounds. 331a;
outh Rock. White Rock 27; Leehorn
chickens. "a; ROSTERS bla pounds down.
Is ~ pounai 1S sss os GueH
geese. 25; capons.. pounds up, 36i2:
under pounds. 35ka;, slips. 33la; turkeys.
Al over 30 pounds. 30; hens, young
under ls pounds. 35; 1922 pounds. SO;
hens, old. 3O toms, old. 20.
Butter. receipts. 36l, 169; Arm: prices
as quoted by the Chicago Price Current
are; Creamery, 93 score, 46a4; %. 40. 81,
45N: 80, 45ia; 81. 44ia: ss, A: 90,
centralized carlots. 49,.
Eggs, receipts 1:.464; weak; fresh
graded. extra nrsts. local. 36ha; cars. 81
frsts local. 35a.; cars. 36i4: current re-
ceipts. 34'a; dirties. 32'.; checks, 31l..
Evening star., 1943-02-01
January Meat Production
laqs Behind Year Ago
TODAYS SALES.
BY the Associated Press.

BY the Associated Press.
CHICAGO, Feb. 1.-Meat produc-
ton in January dropped S per cent
below a year ago, the American
Meat Institute reported today, but
was more than 20 per cent higher
than the average for the month
during the 1929-l933 five-year
period.
Out of the January production.
the institute said, "a substantial
part was contracted for or deiiv-
cred to the United States Govern
ment for our armed forces and for
shipment to our fighting Allies under
the lease lend program"
The institute reported January
cattle marketings were 10 per cent
under last year, hog marketings
were about the same and sheep
marketings, highest on record for
January. were up per cent from
last year January calf market
ings were almost IS per cent under
year ago. -,
Evening star., 1943-02-01
Reaching War Goals.
To Be Hard Task,
Bank Warns
Arms Output Alone
Must EquoI TotoI
In 1929 Boom
Ey the Associated Press.

Ey the Associated Press
NEW YORK, Feb. Ito reach
the volume Of war spending con-
templated in the Presidents $10e.-
100000 budget, Americans must
produce for war alone a total OF
goods and services about equal to
the total $4,000 900 900 national
production Of our busiest peacetime
year-1929
This comparison was made in the
monthly letter of the National City
Bank of New York today in sum-
ming up the coming years economic
problems. The bank pointed out
that this all-time high output for
war must be accomplished while
providing for the nonwar needs of
the Federal and local governments
and the essential requirements Of
the civilian population.
Restraint Necessary.
ITO do the job will be no easy
task" the report said. but will
require, as the President said, the
full harnessing of the Nations man
power and resources.
"Obviously We cannot do it unless
many now unemployed are en-
ployed, women are brought into
industry and those who are pro-
ducing work longer hours and more
Not only will the job require
great national effort, but also great
national restraint"
The report said interest in opin-
ions regarding the length of the
war was widespread, but that few
businessmen could change their
present war policies and that while
manufacturers could think and
plan for the postwar period. mer-
chants can do little but move with
events"
On the industrial front, IS per
cent of production was converted to
war purposes in 1912, the report
said, and will be raised to approx
two-thirds of 4 greater total
in l943.
Distrust Decreases.
Distrust in Washington Of big
businessmen" and for tested indus
trial policies is decreasing, the
banks statement said.
More progress is being made in
the coordination OF the productive
effort it was stated. Changes
made in Washington in recent
have inspired confidence,
and confidence and teamwork be-
tween business and Government is
Popular demand for a "pay-as-
you-go" income tax plan is sweep
ing the Nation, the report said, and
the need for such a tax basis has
become the most Immediately press
ing issue In the whole tax question"
Evening star., 1943-02-01
Summers
Continued From First Page)

it back to the States-loaded down
with Federal power.
That's the trick by which we
are destroying our democracy.
Thank God, the people are begin
ming again to look at the labels
on the handouts.
DO think there is real danger
that our democracy may be de-
stroyed by our own acts? l don't
think 1t. know 1t. 1t Is automatic
that whoever controls the purse
strings controls the government"
Mentioning that about 1850, 900
appointees drawing salaries total
ing around 5000 900 600 annually
were connected with the United
States Government, he declared:
Many appointees have the power
to makes rules that have the force
Of law. They have the power to
construe the rules and to enforce
them. Those are all the powers any
King ever did have.
Fundamental Problem.
The problem is so fundamental
and so simple 1T is remarkable to me
every one can't see 1t. We can't 20
in two opposite directions at the
same time.
Either we centralize government
or we have to make up our minds to
be governed by the kind of govern
ment We are supposed to be op-
posed to-"
Mr.. Summers declared that re
establishment and maintenance of
our Government as a democratic
Government" was the most vital
problem our country Is facing
we are doing a good deal of fighting
to preserve democracy and we
should not lose 1t at home" He
continued
This is no new problem. but 1t
has been becoming more acute, - =.
1he fundamental reason Whv the
trend toward Capitalization grows
dangerously is that a Federal Gov
ernment can't possibly function In
the business OF the States and do
too much in reference to private
business which no government
should touch, without ending up as
bureaucracy
Mr.. Summers said that I'VE are
in the process OF dissolving the
States and their subdivisions by this
money attachment through grants
made from the Federal Treasury.
and that we have so overloaded
the Federal machinery that 1t can
! not properly take care of the Fed .
eral business
Evening star., 1943-02-01

In the volume of goods civilians
are expected to get this year.
Such sharp reductions in the
standard OF living have led high
Government oficials to advocate a
chief Of staff" for civilians. They
say that unless the reduction is
carried out on a planned and or
derly basis the civilian morale may
be undermined. ~~
As reasons for immediate neces-
sity Of planning for = healthy ci-
william economy one ofncial gave
the following points:
l. This year delayed effect OF re-
strictive actions taken In 1912 will
be felt.
2. Restrictions already felt will
be prolonged and will become more
burdensome.
3. New emergency cuts will be
made.
4. Civilian morale will need more
support as danger to United States
shores disappears.
Evening star., 1943-02-01
New York Cotton
By the Associated Press.

b. the Associated Press
NEW YORK, Feb. Cotton
trading was slow today as traders
awaited new incentives and prices
1uctuated within a narrow range.
Buying on technical factors and
routine price fixing slightly out
weighed liquidation and hedging.
While the farm parity formula
question was foremost in traders
minds unsettling reports came from
the textile industry. especially stories
that the extent OF lend-lease inquiry
for textile goods for export was
greatly exaggerated. However. it
was recalled that the Army would
be in the market later this month
for about 10000 900 units Of under
wear.
Late afternoon prices S to 30 cents
a bale higher. March, 1915; May,
1888: July. 1897.
Futures closed 90 to Ak cents 4 bale
Evening star., 1943-02-01


has almost a million policyholders
who own insurance in the company
totaling over 81 billions OF dollars
The company, whose home Office is
in New York City, has representa-
tives in Al States and the District of
Columbia, operating in rs agency
Offices.
Lewis w, Douglas, who is now
serving the Government as deputy
administrator of the War Shipping
Administration during the war, is
president of the Mutual Life, and
Alexander E. Patterson is executive
vice president.
The company had originally
planned Nationwide Tooth ami
versary ceremonies, which have
been Cancelled in view of the neces-
sity for eliminating nonessential
travel in keeping with the coun-
try's war effort. Modest ceremonies,
1t has been announced. may be COM
bined with a victory celebration
after the war has been won.
Primarily responsible for Or
8dAlAGAlS WIG 14upudI AlAC W0S AAl1 Gu
S. Pell, leading figure IN marine
and fire insurance circles Of his
day. In 1912, while on business
trip to England. Mr.. Pell became
interested in the Society for
Equitable Insurance on Lives and
Survivorships," London company
organized in 1852 and subsequently
known as the "Old Equitable Of
London"
Returning to this country, Mr..
Pell Immediately sought the CO.
operation of other business leaders
in starting new company which,
unlike other insurance companies
then operating in the United States,
would function entirely on a mutual
basis devoting It's entire attention
to life insurance and offering its
policies to the general public.
Evening star., 1943-02-01
Flynn
Continued From First Page. J

Ing he had requested withdrawal of
his name
Senator Vandenberg, Republican,
Of Michigan, member of the For
eign Relations Committee, who had
been expected to open the debate
against the nomination, Immediately
said that be wished to make state
ment also for the Record, If the
Flynn statement was to be inserted.
II had not intended to say any
thing about this matter" Senator
Vandenberg said. 'in view of the
withdrawal of the nomination. But
there are certain things that should
be cleared up If this statement Of
Mr.. Flynn is to be placed in the
Record"
Senator Barkley, saying that If
there was to be any extended debate
he did not wish to press the matter,
withdrew his request for unanimous
consent temporarily" If he renews
1t. Senator Vandenberg and other
opponents Of the Flynn nomination
may take the floor.
Mr.. Flynn resigned three i'm
portant political Offices to take the
nomination for Minister to Aus
tralia-the craftsmanship of the
Democratic National Committee,
membership in that committee from
New York and his leadership Of
the Democratic organization in the
Bronx.
Mr.. Flynn, in Washington today
said he had given no thought to
any future political activity.
Democratic Senators opposed tc
Mr.. Flynn, as we'll as Republican
said that they would have beer
glad to have the nomination go te
q vote in the Senate.
Administration leaders, however
took the position that the better way
had been found to relieve bac
situation. The debate would have
been acrimonious and would have
been heralded abroad as a sign o1
disunity in this country during time
of war. And if Mr.. Flynn's nomina'
tion had been defeated, as seemed
entirely probable, they believed tht
Presidents prestige might have suf
fered.
Privately some of the Democrat
opposed to Mr.. Flynn said that the,
thought the fight made against tn
nomination and its outcome hat
been a salutary warning to th'
White House.
Postmaster General Walker, whit
was elected chairman OF the Demo
cratic National Committee to succeed
Mr.. Flynn. said today that he hat
accepted Mr.. Flynn's resignation a
national committeeman from NeV
York. Unless the New York Stat
Democratic Committee should re
elect Mr.. Flynn as national commit
teeman. there would be no way TO
Mr.. Flynn to return to membershll
in the national committee, he said
Mr.. Walker said he did not know
what the State committee would dc
but that it alone had the power II
recommend persons to fill vacancle
in the national committee, as ~
read the rules The national com
mittee accepts or rejects such recon-
Evening star., 1943-02-01
Materials
Continued From First Page

economy than either Britain or Ger
many.
Nearly half of the civilian con-
sumption outlay represents payment
for food and housing accommoda-
ton. No reduction can be expected
in outlays for rent, but, OPA esti-
mates that civilian spending for
food can be cut $4,000 900 900. This
would leave for this year only about
$50, 900 100000 available for all other
consumer goods and services. re-
duction from the 1912 rate OF 80 per
cent.
Director Joseph l.. Weiner OF
WPB's ONCE of Civilian Supply has
stated that about S56.00O 900 900
worth Of goods and services would
be required annually to maintain
the economy on bedrock" basis.
This would be cut Of % per. cent
Evening star., 1943-02-01
New York Produce

NEW YORK, Feb l GP1.-Eggs 3S1ca:
weak Mixed colors, fancy to extra fancy,
3.,3'. extras, 36ia-36'4 graded nrsts
diums, 33-334; dirties. No. 1, 33a4-34;
AVERAGE checks 33.
Whites, fancy to extra fancy: a7la -3s:
heavy mediums 33s4 s4-34iz mediums, 33E !;
Pacific Coast. specials, Al.
Browns-Fancy to extra fancy, 31L-h: ::
specials, 36h-'4; standards. 351a-A, me-
diums. 33l7.
Butter, two days receipts, 1os4,2Os;
scarce. First hand wholesale price
levels) Creamery higher than 81 score
and premium marks fAA. .47'..47h; %
score (cash market tAl. 47L-34
Cheese, two days receipts. SO $50: Arm
State. whole milk flats. held, 1a4l and
1912, 30-3,.
Evening star., 1943-02-01

u. S. Merchantmen
Hits Iceberg, Reef
And Another Shin
BY the Associated Press.

BY the Associated Press.
A routine Navy announce
ment OF letters of commenda-
ton sent to Navy gun crews dis
closed yesterday that one Unit
ed States merchantmen, ap-
parently on single voyage, not
only was attacked by enemy
submarines and airplanes but
also:
Hit an iceberg.
Went aground on q hidden
reef.
Collided with another ship
in the convoy.
The identity Of the vessel
and whether she survived was
not reported.
Evening star., 1943-02-01
Chicago Livestock
By EDWARD c. STONE.

CHICAGO. Feb. / Up, Omitted States
Department OF Agriculture) .-SalAble -ho9G
$4,000: total. $4,000; active, 1895 highsS
than F1iday's average; bulk good 70 choies
lSO-330 pounds, 15.35-6O: top Is go: con.
parable $50. 0-pound offerings. is OO-60;,
sows around IS higher; bulk good $50 $50
saiable cattle. $4,000: calves. 1 900; f1t
steers and heifers strong, moderately 80.
tive; killing quality medium to good; top
heifer yearlinss. 1878; bulk steers. ia 5S:
1900: Eastern order demand fairly broe6t
fat cows weak to rs lower: Gamers And
cutters weak at $50 down: bulls steady:
practical top veighty sausage onerinoS,
"A 90; yealers steady At 1880 down: odd
Sslable sheep, 5000; total. 12.5OO: fae
lambs slow, early sales barely steady Win
low time Friday. early bulk, 1900 down.
best held higher; asking prices above
1928; no action on yearlinRs: undertoAs
low ewes sold
Evening star., 1943-02-01
New Vice President
Named by Pennsy
Pv the Associated Press.

PV TIRE Associated PresB
PHILADELPHIA, Feb. 1.-W. D.
Virgins. chief engineer Of the Penn
sylvania Railroad. has been pro-
NOTED to vice president, effective to-
day.
Virgins, native Of Richmond,
Ind, entered the company's employ
in 1895 at Logansport, Ind.
j. l.. Gressit, Baltimore native,
becomes chief engineer
Evening star., 1943-02-01
Foreign Exchange

NEW YORK. Feb. l lP).-Late foreign
exchange rates follow Great Britain in
dollars, others in cents:
Canada--Omcial Canadian Control Board
rates for U. 8. dollars. buying. 10 per
cent premium: selling II per cent pre-
dian dollars in New York OF buying, 991
per cent: selling. 900 per cent.
Canadian dollar in New York open mar
ket, ga per cent discount, or 90.l2i2 U. S.
cents.
Europe-Great Britain oficial Bankers
Foreign Exchange Committee rates., buy
inf, 4.02: selling, $404 open market,
cables, 4.04
free 1880; BRAZIL ofieial. 6.O5n; free,
5.20n. Mexico. 90 66n
Rates in spot cables unless otherwise
indicated.
n-Nominal
Evening star., 1943-02-01
Chicago Grain

BY the Associated Press.
CHICAGO, Feb. 1.-Scattered
selling eased grain prices today. but
volume was not large. Traders at
tributed' most of the decline to an
absence Of buying interest.
Wheat and rye showed the most
weakness A little hedge selling was
present in the bread cereal, while
rye was offered rather freely on all
attempts at a rally.
Wheat closed ss-l cent lower, May
May 1884,, July 139Sa-1a; corn
was of 3s-5s; May, 98-981s; oats
declined ls-as, rye dropped IL -lh
and soybeans slumped u.
Evening star., 1943-02-01
North American
Aviation Nets
| S3.04 q Share
: tie Associated Press.

1NGLEWOOD, Calf, Feb. l.
North American Aviation, Inc, re-
ported today that consolidated net
income of the company and sub
sidiaries for the fiscal year ended
September 30, 1912. amounted to
sl0,436,4l3, equivalent to s3.04 a
share on 3435,033 shares Of out
standing stock
This was after all charges, in
cluding provision for Federal taxes
depreciation and amortization and
contingencies. 1t compared with
net income of s6,075.954, or SLIT a
share, for the fiscal period ended
September 80, l94l.
Evening star., 1943-02-01
Steel RATE 10 Climb
To 99.5 Per Cent
In Current Week
Output Of l,702,1N
Tons Indicated by
Institute Report
BY TIE Associated PrekA

BY tfe Associated Press
NEW YORK, Feb. 1.-THE steel
industry will operate in the first
week Of February at 995 per cent
of capacity and produce 1,702 100
tons of metal, the American Iron
and Steel Institute estimated today.
This would compare with last
weeks rate of 986 per cent and
output of 1886, 700 tons.
A month ago operations averaged
81 per cent with output of 1858, 400
tons and year ago the figures were
IS per cent and 1914, 200 tons.
Evening star., 1943-02-01
Baltimore Stocks
Money Market
Special Dispatch to The Star.

NEW YORK, Feb. lP.-Call money
steady per cent T, prime n. eommerei, soso pa
days. IA. four-nv months. Ia per cent
Bankers aceeptances unclaimed 5000
Ger cent hve-sx months. s.-l: per cent.
Rediseount rate New York Reserve Bank
lA) Nj per cent. tA) n per cent OIL
Treasury paper Of one year or shorter,
lonser maturities. / Der cent.
Evening star., 1943-02-01
Odd-Lot Dealings

PHILADELPHIA, Feb. Gpl.-The
Securities Commission reported today
these transactions by customers with
odd lot dealers or specialists on the New
York Stock Exchange for January 30:
zoos purchases involving 55,6sI shares;
l.s4n sales involving 5O,l0l shares, in
Guiding 10 short sales involving 69o
shares.
Evening star., 1943-02-01
Conudion Brewer Dies

DETROIT, Feb. lP).-John
Clemens, "a, Canadian brewer and
for many years head of the Sudbury
(Ontario> Brewing Co., died in a
hospital here yesterday after a brief
illness
Evening star., 1943-02-01
Commodity Prices

NEW YORK, Feb 1.-The Associated
Press weighted wholesale price index of
35 commodities today advanced to lO4 so.
new 1923 high.
Previous day, 1887 week ago. 1O4 20;
month ago. l03 ~; year ago. $500
1923 194l. 1910 1888 q
Hish -104s0 9512 1925 9S14
Low 1854 11.03 $3.50 4l44
G926 average equals 1909
Evening star., 1943-02-01
Visible Grain Supply

NEW YORK, Feb 1-Available
supply Of American grain showed
the following changes from a week
ago Tin bushels: Wheat decreased
1881 900, corn increased 10000. oats
decreased $50 900, rye decreased 2l5,-
600, barley decreased 1886 900.
Evening star., 1943-02-01
StoIingrod
Continued From First Page.)

surrender would be. He was told the
name OF shattered school house
The German general entered it at
2 o'clock in the morning as firing
ceased in his sector.
Where are your regiments?'
asked the Russian colonel.
The general smiled wryly.
1T is no use to ask, he said. You
know that any soldier who remained
alive surrendered before I gave my
order"
Evening star., 1943-02-01

general pubic,
today is observ-
ing its Tooth an
niversary.
On February
!. l843, Mutual
Life policy No.
/ was issued on
t he life of
T h o m a S N.
Ayers, who had
been appointed
the company's s
first representa-
tive.
AS it enters its
second century
I he cnnnany
Evening star., 1943-02-01
Aetna Reports Rise
In Premium Income
B. the Associated Press.

b! tHe ASsOclateu PfeSS.
NEW YORK, Feb. 1.-The Aetna
Life affiliated companies reported
total premium income for 1912 was
5000 ,278,373. an increase of s16,l67,-
506 from the previous year.
During the same time, Aetna Life
Insurance Co. assets increased S69,-
627 $50 to a total of $847 1854 ,569 at
the end of the year.
For the group as a whole, hold
ings of Government bonds at the
emo of the year totaled $3.50 .054, Sol,
an increase of nearly $50,0OO,0
Evening star., 1943-02-01

ae-ae; No. 4. o2fs-aa: sample grade vel
low, 50-9l; Oats. No. mixed. 81 - -62;
No. 3, 6l1a: No. white. 621s; sample
Grade white, bs-60 Barley, mailing, So
LOS, nominal: feed, 1882, nominal. Field
seed per hLndredweieht, nominal: Tim
othy, 41b-5 90: alsike. 190O-o4 90:
fancy red top. 7.00-5O; red clover, 1880
23 3O; sweet clover, 100000; alfalfa,
80 50-36. 90
Evening star., 1943-02-01
London Market Firm

LONDON, Feb. l (PD.-A firm tone
marked today's quiet market. Kaffir
Development shares received fair
support while rubbers were inclined
to ease. Copper and oils were quiet
Home rails were steady.
Evening star., 1943-02-01

y, spo Spot cotton closed steady s5 cents 4
1888; middlng. GOAL: good middline'
20 80; receipts us: stock. 900, ,O93.
n Nominal
Evening star., 1943-02-01
Mutual Of New York
Completes Century
Without Fanfare
Nationwide Program
Is Postponed Until
After War

ereoial Dispatch to TIE Star
NEW YORK. Feb. THE Mutual
Life Insurance Co. Of New York, the
first company in the United States
to offer mutual life insurance to the
Evening star., 1943-02-01
Steel Quotations

NEW YORK. Feb. 1 lP.-steel prices.
rolled sheets. base price, elO: advanced
sheets. 30. steel bars. ,2.l6.
Evening star., 1943-02-01
Washington Exchange

SALES.
Capital Traction lst $500 at
105h.
Evening star., 1943-02-01
Weather Report

nstrc a oiha with degrees
Virginia and Maryland-Windy and much colder tonight
Evening star., 1943-02-01

and much colder tonight.
River Report.
Potomac cloudy Shenandoah clear at
Harpers Ferry.
Tide Tables.
FURNISHED by United States Coast
and Geodetic Survey
Today, Tomorrow
High ------- 5,l1sm 6.lSsm
Low -------- IL. pm.
High ---------- $50 pm. $50 m
Low ---------.-- u oS am. liz . m
Evening star., 1943-02-01
BONDS

MISCELLANEOUS.
Ter Rf&W Cp 1st 4hs 194S 1884 .
Evening star., 1943-02-01

49,, NeW OFNans PTiCe6.
NEW ORLEANS, FEB. l LPt-Cotton fu-
5urts advanced here today under trade buy
L. A