davidaulloa/AmericanStories huggingface dataset:
Evening star., 1946-10-09
Day Named President
OF New State Bank
Al Silver Spring
By Edword c. Stone

George T.. Day, former vice presi-
dent. of the Suburban National
Bank, Silver Spring, Md, has been
elected president of the new Bank
of Silver Spring, to be opened at
8640-42 Georgia avenue, it was an
nounced today.
William D. Blair will be vice presi-
dent and cashier; John M. Sessions
and Karl Damplier. assistant CASH
iers, and Ralph E. Harmon, con-
troller. n
Elected to the board of directors
we're Hugh Arbaugh, Mr. Blair, Mr..
Day, James H. Forsyth, Stanley
Pearson, Frank B. Proctor, Maxwell
Scrimgeour, DR.. Kermit Smith and
Donald K. Staley.
The new bank has 5000, 900 capi-
tai and 100000 surplus. Twenty
thousand shares were sold at SIS a
share: par value SO a share. It
has State bank charter.
Flather Back in Finance.
After six years in the Navy Alfred
Chester Flather has rejoined the
Washington Office of Auchincloss,
Evening star., 1946-10-09
N. 7. Bond Market,
sscrsp 4 ins a.f Hss;'iss:S s. s:S s.''

Associates 4 prsss.l
~ or ISSUES.
lint ON LIST 6s6z s7s4
lint at No5s56C 81
lint HydroEl6e44 -
lint tat 4ths 21ozsb
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ILsh VI Is 2O08 35M
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Mo Pac 81 ~ q TIA
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4 INYNH&H As IS 35 |
fNYNH&H 4s 81 -
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,lNor r cit 4ihs75 80
Nor Pac As 81 1924
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lWest Sh 4s236I 81
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lWest On IS 81 90
lWest On Sc 90 oolh
lwisc Cent 4s 40 6~
Evening star., 1946-10-09
Odd-Lot Declines

PHILADELPHIA. Oct lP-The Sc
today these transactions by customers with
odd-lot dealers or specialists on the New
York Stock Exchange for October s: 6,17S
purchases involving 1SO,s7a shares: 4,7f35
sales involving I3S.900 shares, Including
80 short sales involving 1925 shares :,
Evening star., 1946-10-09

4udl UClSt oO1SSS
i've Service, in World War II. most
of the time having the rank of cap
tain, U. S. N. r. .
He has been active in the securi-
ties business since 1922, prior to
which he was an officer in the
American Security g. Trust Co. For
wears he was one of the managers of
the washington office of G. Mp.
Murphy g. Co.
Born here, Mr.. Flather attended
George Washington University, and
Georgetown University Law School,
graduating in 1911 and being ad-
mitted to the District Bar the same
year.
Peoples Drug Earnings Climb.
Net sales of Peoples Drug Stores,
Inc, for September totaled s3.511,-
SAT against $2,879,20 year ago,
an increase of s632 ,341 or 219 per
cent.
Sales In the first nine months OF
the year reached $31.361 ,746 COM
pared with $25, 1884, ,760 in the like
1945 period, sharp increase OF $5,-
976,986, or 23.5 per cent.
Riggs Bank Boosts Surplus.
Following yesterdays monthly
meeting of the directors of the Riggs
National Bank, Robert v. Fleming,
president, stated that pursuing the
banks long established policy Of
continuing to build up capital funds
after the payment of reasonable
dividends, the board had author
lied the transfer of $500 900 from
undivided profits to surplus account,
giving the bank capital of 5000 900
and surplus of S7,500,000.
Directors of the National Savings
g. Trust Co. have declared the usual
dividend of 81 per share, payable
November l to stockholders of rec
ord October %, Bruce Baird, presi-
dent, announced today.
Evening star., 1946-10-09
Business Briefs
Commercial. Industrial and Agr

COmISeFcldl, 1HuustTldl dhu hSii-
cultural Loans at 101 member banks
during week ended October 2 to-
tailed $9,164, ,OO0, 900, up $4,000, 600
from previous week.-Federal Re-
serveBoard. Total loans of all kinds
declined S66,OO0,0 to an aggregate
of $15,477 ,000.000
Electrical Consumption in the
week ended October declined to
4,478,092 900 kilowatt hours, VS.. f.
517,874,000 in the preceding week
but was up 11.2 per cent the corre-
spending 1945 week-Edison Elec-
trio Institute.
Railroad Car Building industry
delivered 4,016 domestic freight cars
during September against 5,141 in
August. Drop was attributed to
shortage of steel-American Rail-
way Car Institute.
Eversharp, Inc, and Eberharc
Faber Corp. have filed suit against
the Holly Pen. Co. charging in
fringement of patents in connection
with the manufacture of ball point
pens.
Securities and Exchange COmmis-
sion on Oct. 80 will consider applica-
ton of the Philadelphia stock ex-
change to extend unlisted trading
privileges on common of American
Air Lines. Blue Ridge Corp. and
Food Fair Stores, Inc.
Consolidated Edison stockholders
have approved creation of a new
class of preferred stock and write
down of the value CT the common to
refund present outstanding SIS pre-
ferred following completion of the
s296O00, 900 bond refunding.
Pacific Telephone and Telegraph
Co. offering of $75 900 900 in 40-year
27s per cent debentures due Oct. l,
1886 was made by underwriters
headed by Morgan Stanley & Co.
today.
]. C. Penny co. September sales
totaled S56 1894, ,140, up 22.3 per cent
over September, 1945. Nine months
total in 1916 totaled SAG, 6,479 ,102, up
219 per cent over corresponding
l945 period.
Warren Petroleum Corp, Tulsa
had net of $1,120,463, or $1.86 for
fiscal year ended June 80, 1916. VS.
S1,300,589 or $2.17 in the same 1945
period
General Motors last week produced
25,189 passenger cars, against 1924
in the previous week for the third
highest weekly total in the postwar
period
Lockheed Aircraft Corp. for the
six months ended June 80 had a
net loss of s424,502, compared with
net income of $1,510,421, equal to
s1.40, in the first half of 1945.
Liggett & Myers Tobacco Co.
announced today a 20 cents a thou
sand price increase for Chesterfields
and it's other brands to $7.38 a thou
sand at the wholesale level, follow
ing similar action on Monday by
two other major producers, Philip
Morris g. Co., and the American
Tobacco Co.
Electric Bond and Share Co.'s esti-
mated earnings for 1947 may exceed
preferred stock dividend require
ments by more than s1,000,00
Ebasco Services. Inc, has shown
gross profit of $2,037 900 in the year
ended September 80, stockholders
learned, and net profit now is rum
ming at more than $400. 900 a year.
Bank of America deposits climbed
S42,000,000 in the third quarter OF
this year and gave the worlds big
gest bank wider margin over its
nearest competitors, National City
and Chase National of New York
Bank of America deposits totaled
$3.50 100000 on September 30. Ma
tional City Bank had $4,854 ,000, 900
on the same date,
Evening star., 1946-10-09
Market Ayeroues
New York Cotton

NEW YORK. Oct. 9 lR,. Cotton futures
broke sharply today on heavy commits
sion house Muuidation and hedging The
decline was influenced partly BY reaction
IN the securities market and tendency
days rally into new 26-year high ground
Losses extended to. more than. 50. so q
on mill BUYING and short covering.
In early dealings there we're gains
of as, much. as 81 :05 bale on mill and
weather report was mixed with some
damage to the cotton crop in parts OF
the Western belt noted as q result OF
Late afternoon prices were e5. cents to
81 65 q bale lower October, 3e, G0i De-
cen1ber 3S.41; March. 38.07.
Evening star., 1946-10-09
Washington Exchange

SALES.
Mergenthaler Iinotype-I00 at 5Sk
Capital Transit Co.-50 at "a: 35 at a.
Garfinckei 5hso preferred-20, at 27; 10
Potomac Electric Power So preferred-5
Washington Loan e. Trust co.. at $40.
Evening star., 1946-10-09
Chicago Grain

selling Of the nearby oats delivery pro-
that grain today. Corn showed strength
st times on the basis OF . good demand
for the cash Erain, but eased toward the
Liquidation OF November oats was
traced to elevator and shipping interests.
sent and prices rose around to 5 cents,
IN the spot market No. ] yellow sold at
81 02A, new high on the current ad-
vance and the second highest price ever
paid for corn in October
Wheat finished h-M lower; January,
$500; ssnx coTn SaoM vas lover over 70 dnHns nlsHhss
Evening star., 1946-10-09

Parker & Red
path, New York
Stock Exchange
firm.
A veteran of
World War I
when he served
with U nit e d
States destroy
ers at Brest,
Mr.. Father was
Navy liaison Of
fcer and chief
of the admins
trative division,
District of Co.
lu m b ia head
o,,ortorc Cc1oct.
Evening star., 1946-10-09

ROBERT v. FLEMING
COLEMAN JENNINGS
HILLEARY G.. HOSKINSON
E. D. MERRILL
FLEMING NEWBOLD
CHAS. II. TOMPKINS
G. POWELL MINNIGERODE
MORRIS CAFRIIz
Evening star., 1946-10-09
MEMORANDA.

W. AOen4
District of Columbia, City of Washington, |
I, NELSON B. ONEAI, cashier Of the q
swear that the above statement is true to
belief.
Evening star., 1946-10-09

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Evening star., 1946-10-09

MO0fIy SkIe1 On tme 8xc2HHke TO01ys
tf;GO an $50 600 / 900 noon 500 600
100 nm 16o 600 2.00 pm 43o 600
tUnit OF trading 10 shares: sales printed
in full sTn bankruptcy or reeeivership or
being reorganized under Bankruptcy Act.
or securities assumed by such companies.
are annual disbursement based on the last
quarterly or semiannua1 declaration. un-
less otherwise noted~special or extra divi-9
dends are not included. Elk dividend
xr Elk rights. q Also extra or extras. b Plus
stock dividend Cash or stock. De-
il, stock Paid last year. Payable In
Canadian funds. Accumulated dividends
paid or declared this year. q New Issue.
Evening star., 1946-10-09

49, 8eS~ Rl
NEW YORK CITY
81 30 -- ~
FOREIGN 2:3O
Braz 3As / SER 50
Peru rs SO -
Peru 2nd 6s e1- 17A
DOMESTIC 230
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$40 1000 D 50
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The Waterbury Democrat., 1946-05-17
More on World Government

Almost without exception the hour required to hear the flown Hall program Thursday nights over WATR is time well spent Last nights broadcast from Pittsburgh in which the four participants discussed the contribution of science to helping harmng mankind offers in point
 While the atomic bomb the principal item for dis cussion and biological warfare close second Dr. Harold Urey made particularly vital statement Said he, Establishment of world government before the 2OOO is assured Whether it the result of agreement among nations result of World War III is a question but it's coming isn't even debatable'
 Our legislators don't trust Dr. Urey and his scientific associates with too much authority in deciding how the atomic bomb shall be controlled but it to that his observation quoted above indicates political foresight and
 realism far greater than that of most of Washington representatives.
 From the floor last night questioner asked Dr. Urey how he proposed to the armed force necessary to force world government The doctor stressed that police force, not army needed for this work He distn gshed between the two by pointing out that police force operated within the law, always outside the law.
 Increasing evidence materalizes of growing belief that only world offers real of lasting world peace As long ago last October when the Dublin Con- ference (Dubin N. H.. that s) held, The Democrat urged it's readers to inform themselves the merits of strong central world government Interest in such plan is now pqued that Clarence Streits Union Now the dnitve work the subject has become required reading for desiring thorough knowledge of world affairs
The Waterbury Democrat., 1946-05-17
Capital News Notebook By Peer Edson

l. Hanger, Harvard history professor wlo served in the Office Of Strategic Services during ths war.
 Recent rains thrOushout the farm bslG giving assurances of another bumper crop year. have de- lighted but surprised agricultural experts They say it's an unusual run of luck On the average. the us. has had one drought or bod crop year for every seven good years It snt at all regular. Sometimes there have been two bed years in . row, or they have been three five years apart. Good crops In l0Ae, however, will make this the tenth year in row that this country has had bumper yields. Such luck can't last, say the experts.
 Office oR Economic Stabillzation and Oefics of Price Administration analysts have now had time to study carefully the eight amendments which the House tackled onto price renewal legislation. the Senate passes the bill in the form in which 1t was approved by the House, the effects are expected to be something like these:
 l. Over half the price cealines now h fOrCe would Dc removed immediately.
 a. Knowledge that prices were rislng would cause many business firms and individuals to try to hedge against imitation bv buying additional stocks and under this inventory hoarding prices might be expected to SO still higher.
 3 Under all these pressures Of rising costs. t would he impossible to keep rents under contxcl
 The c4vil Aeronautics Board now believes t has q formula to end conflict between State and Tederal governments over rsguation of domestic aT trsl.c' But It will take an act of Congress to put t oyer Under the new plan. CAB. would set up run code of cv air traffic regulations for sa2e flying. In case of vclatAons accidents, local authorities within the state where the cttenae was comnitted would mae the investigation and enf0rce penalties.
 The plan has been approved by tho National Association of State Aviation Officials Is advantage is that it would establish uniformity Of flying fegi- lations throughout the U, S. yQk lat tle stofe ee ths pclieIng and cn9orcing
The Waterbury Democrat., 1946-05-17
Simple Problems

Sen. Homer Capehart has invited the OPA to help the Senate write sane and sensible price control bi Now that sounds and sensible doesn't t Simple too Why hasn't somebody thought of it before?
 The answer broad and general terms, might be that sanity and simplicity have been notably lacking the approach to most national and international problems since the ended Yet of the bag of these prob lems are essentially simple.
 Take this matter of imitation. We knew that the coun- y had imitation after World War -not the ruinous Euro pean variety, but bad enough We knew that imitation after this probably would be worse. We knew the that would create it. And we knew that if prices and could be controlled and balanced until could exchange the money they want to spend for the goods they need, imitation could be avoided.
 Government, industry, and labor who together could erol ination had these simple, basic facts But their efforts to solve the problem have been marked by three ring exhibition of confusion, midity pgheadedness and hostility that almost defes description.
 The exhibition has been repeated in the matter of parayzing strikes Here also the facts are smpe Mo- body thinks that the ideal solution of labor dispute is to freeze the national economy. Nobody really believes that
 6 consistent with law and tradition for small group & private citizens to disrupt the whole countrys normal fe
 But although parayZing strikes have before nobody things of going calmly about the task of making country IS really in fix Then few congressman go charging mady about demanding hasty enactment of i considered emergency laws After which the whole thing forgotten until the next big strike
 And what about this matter of war? That is the sim pes problem of all The whole world knows that civliza tcn will not survive another Men everywhere know the consequences of the last the weapons prepared Tor the next More than that they know the symptoms and the practices that bring They that war
 
 Yet the ink scarcely dry the document of Japa- sse surrender when began specuatng on when the next war would come-fve years, ten twenty fifty? It wasn't all Russian international policy either Here in America and in Europe-accordng to returning travellers and undoubtedly elsewhere the the street. whose life couded and made bitter by just past cannot lose the habit of thinking that world problems can only be set tied by more of the same horrible insanity
 Why is it? One might list sefshness pride arrogance greed, and plain stupidity among the answers or one might observe that the solution of simple problems by sim pie means has always been slow and difficult achievement and that the fact ragcay apparent than lt s today.
The Waterbury Democrat., 1946-05-17
THE GAzETTE's" CENTURY
ONew York Herald d-Tribune)

On May IA, 1846, the first number of "The Vineyard Gazette was pub- lished in Edgartown, Mass, on Mar tha's Vineyard Island, with the fol- lowing straightforward declaration on its masthead: "A family newspa- per-neutral in politics-devoted to general news, literature, morality, agriculture and amusement-terms g per annum, in advance" Appar- ently these terms were acceptable to the Vineyarders, for this paper has just passed it's first century of publication, celebrating the anni- versary with special edition of sixty-four pages full of island re- miniscenceS and impressions. Like all old folks, The Gazette" has a special receipt for such longevity: a proudly provincial editorial slant, @ devotion to the particular prob lems and interests of its island community.
 Under the present eo-editorship of Henry Beetle Hough and Elizabeth Bowie Hough, the Gazette" policy Is one of flavorful local coverage. presented with good writing and governed by good taste. When nec- essary, its editorial columns work for the benefit of its neighbors, for example, deploring the juxtaposi- tion of gasoline stations with old homes built in the whaling day. But more frequent are the reminders of island beauty, calling attention to the joys of swimming at low tide or the first sound of pinkletinks in the spring. This weekly paper (twice week in Siimmer) has had occasion to report murder and other "big" Vineyard events; but 1t always re- ports, too, the color of the icing on the cakes at birthday parties.
 The "Gazette,s" week -to-week re- porting of Vineyard doings down to the last detail, with colloquy in the writing wherever advisable, is 8 document of New England living which attracts many off-islanders to it's pages. On this, It's hundredth anniversary, it would be improper to say that this lively, distinguished country newspaper has completed hundred years of existence. It would be nearer the truth to con- graduate The Vineyard Gazette" on beginning a new century.
The Waterbury Democrat., 1946-05-17
Whither Are We Drifting? By Tbos Stokes

managerial policies set the pattern for state-sm It Is management itself, lmregulated and absolute, end not merely public management which is the foe c6 free enterprise. V
 'Thfs is the primary fact which must be vndeR- stood if we are to make . successful effort to pre- serve economic freedom. If we desire to prevent the development of dictatoral political power, we must begin by eliminating diCtatoEial economic pow er." N'
 "did not begin until business had outgrown the jurisdiction of little and local government" Con- greSs he said was compelled to regulate big indus try in the public interest and this went through the years whether the administration in power was Republican Democratic, liberal conservative" {"
 He pointed to huge corporate enterprises that extend over many states as examples of private government tand collectivism.
 It is absurd he said, to think of General Motors United States Steel example of free enter prise They eollectivist enterprises consisting Of hundreds of thousands of stockholders and hundreds of thousands of workers They collective economic states which exercise influence upon the welfare powers of cities and counties and states to regulate in the public interest as B the airplane that hops from New York to San FTancisco through the srato- sphere"
 Organization of national labor unions was h. evitabe "as manifestation of seh-defense upon unable to defend themselves against ther nationally organized employers,n he said.
 Capitalism must be prepared to make priyabe management as well as public management subject to the public interest" he declared His solution h the bill he long has advocated for federal charters for interstate business defining just what those bs- nesses can do. This he said would free business be- cause fit would render unnecessary the creation Of discretionary federal bureaus to manage manage ment."