davidaulloa/AmericanStories huggingface dataset:
Evening star., 1947-12-17
Stock Changes Mixed
As Market Remains
In Lethargic Mood
BY the Assoeiofed Press

NEW YORK, Dec. 1.-THE stock
market remained lethargic today
and price changes were indecisive.
Selected industrials retreated slow
ly in early dealings but in the
absence of any urgent selling pres
sure some recovery tendencies de-
veloped. The pace of trading slowed
occasionally after a fairly lively
start. Near the fourth hour gains
and losses were we'll mixed and
generally limited to fractions.
Commission houses said that In
the absence of news developments
to influence the course of prices,
some demand was arising from the
need for reinvestment of funds and
hopes for a good year-end rally.
Dealings were described as largely
professional, however, with continu-
alton of some profit taking after re-
cent advances. while many GUS
toners preferred to wait for Con-
gress action on anti-inflation
moves.
Depressed at times were General
Motors, Republic Steel, Paramount
Pictures, American Can, Eastern
Air Lines, United Aircraft. Santa Fe,
Northern Pacific, Commonwealth
Edison, International Nickel, United
States Rubber and Johns-Manville
Resistant were Pacific Western Oil,
American Woolen. Goodyear. Union
Pacific, Public Service of New Jer-
sey, Texas Co., Philip Morris, Cater
pillar Tractor and Woolworth.
Bonds were narrow.
Evening star., 1947-12-17
Chicuqo Livestock

able hoes, 1865; e totai G 1859 m.Tfet
slow and steady after moderately active
opening on all weights butchers: all carly
g s3o pogpas. @ SS: late ss!ss mostly
ponnds sSac so%s ana stssds
to mostly 25 cents lower; bulk good and
choice under 500 pounds. 2300-23.75. few
2400
Salable cattle, 5000; fetal. 5000: SAL
able calves. 500; total, 800; active; ylaugh-
ter cattle generally $3.50 bisher, although
ers only steady: top, 5000 paid for 1ve
load choice 1,o95-l 1875 pound fed steers:
sbsa and soHd steers and so
heifers, .34.50-:s5.O0; most medium and
good heifeds. sl.OO-29OO: medium and
good beef cows. ~. .50-22 90; Gamers and
cutters, 12.25-145O: most good medium
weight and heavy sausage bulls. 90 So
81 90: few geod heavy SAUSAGE bulls to
steady, top. 29. 90.
Salable sheep, 1000: total. 5000: high
er asking prices delaying slaushter lamb
trade; no GOOD and choice wooled lambs
sold early most bids fully steady, bu:
aaolas,nn askins up t. to s4aS for good and choice
95-pound yearling wethers around steady
at 20.25: early sales common and medium
but ewes not fully established
New York, Ontario & Western
Railway lost $2,237,53 in the first 10
months VS.. a loss of $2.475,666 in
the same period last year.
Evening star., 1947-12-17
Business Briefs
Wholesale Food Prices declined for

WhOieSaie rood Pr1ceS decnned Tor
the second week on the Dun 81
Bradstreet index of 81 foods in gen.
eral use For the week ended yes
terday the index was STOP VS. $7.12
the week before and record high of
s717 the week ended December 2.
A year ago the index stood at 1928
WHY'S Overland Motors reported
its best peacetime net since 1928 for
the fiscal year ended September 30
$3,367 1872, or ST common share.
This compared with $402 800 in the
1916 fiscal year.
Kaiser-Frazer Corp. announced
special Christmas payments amount
ing to s97,776 to be distributed to
more than 1000 salaried employees,
in addition to payments for hourly
rated workers to be made under an
agreement with the CIO United
Auto Workers. This years pay
ments, amounting to S65O.889. will
average s72.16 for 1929 wage earn
erS
Electric Power Consumption hit a
new peak of 5,327 100000 kilowatt
hours in the week ended December
13, VS.. SAT- csc, 900 the week before.
This was up 11.5%o from the similar
week last year.-Edison Electric In
stitute.
Iron Age Scrap Composite Price
decreased 50 cents to S39.75 this
week, continuing gradual decline
over the last seven weeks from the
record s42.58 ton reached in the
week of October 30 Steel ingot
production continues at 98eo of
capacity. according to the national
Woodworking paper.
Columbia Broadcasting Co. re-
duced from one year to six months
the period in which its contracts
protect advertisers against rate in
creases. National Broadcasting Co.
took similar action last month.
Cities Service Oil Co. announced
discovery of a new oil pool in Wise
County, Tex. The test well. Is miles
from the nearest producing field,
had an initial flow OF 400 barrels a
day at depth of 5,235 feet.
United States Fire Losses for the
first II months reached $624, ,274 900,
exceeding any previous annual loss
and 24qo higher than the figure for
the similar period last year-Na-
tional Board of Fire Underwriters
Dillon, Read & Co. and associates
were high bidders for 71o,500 shares
of Northern Natural Gas Co. COM
mon, bidding $3.50 a share The
stock will be offered to the public
at $27 a share, with a concession to
dealers of 70 cents.
Pennr0ad Corp. acquired 348 $50
shares of its own common stock this
year, to reduce outstanding shares
to 5.156,529 from an original capital
ization of 100000.
Cummings Corp. of San Francisco
has bought Rosenberg Bros. a. Co.,
worlds largest dried fruit packers
for approximately s18,000,000.
Aetna Securities Corp. and associ-
ates announced a public offering OF
100000 shares of 50-cent class A
cumulative and participating stock
of Reading Tube Corp. and $6 a
share.
Gulf Mobile e. Ohio Railroad Co.
declared the first dividend ever paid
to common stockholders-50 cents,
payable January Is.
). o. Norrigan Construction Co.
announced completion of the first
half mile of 24-inch natural gas
pipeline to serve Michigan and Wis
consin from Guymon, Okla.
Evening star., 1947-12-17
I Treasury to Change Notes
BY The Assoeiotsd Press

Holders of s3,134, 1877 900 in Treas
ury certificates of Indebtedness ma
turing January will get an oppor-
tunity to exchange them for securi-
ties bearing a higher interest rate,
the Treasury disclosed today. The
maturing certificates, which pay u
per cent interest. may be exchanged
for new certificates at IL per cent.
Both the old and new issues run for
one wear
Evening star., 1947-12-17
Westinghouse Electric Corp. has

Westinghouse Electric Corp. has
returned to a policy OF charging
prices prevailing at the time of de-
livery on heavy electrical equipment.
The corporation put 20eo limit on
the amount prices may be increased
after the order Is placed.
Canada Dry reports net income
for the year ended September 80 of
81. .7o1 ,77s, or s1.31 common share,
VS.. s2,256, ,015 or SLOT the year before.
Crown Cork e. Seal Co. stockhold-
ers will vote January % on 2-for-l
stock split.
Evening star., 1947-12-17
FOREIGN Exchange

NEW YORK, Dec. II up. Foreign
dollars, others in cents):~
Canad dian dollar in New York Omen
market 11h per cent discount or ss.12Ia
United States cents. unchanged.
Europe-Great Britain, 81 .03h. un-
changed; France (franc) .S4h of cent
unchanged: Sweden tkrona). 27S5. un-
changed. Switzerland franc) tcommer-
cipn % 20. rnrhansed
Latin Americs-Argentina free. $500
off U4 OF CeIt: Srazil, free, $50. un-
Evening star., 1947-12-17
Market AVERAGES
New York Cotton

NEW YORK. Dec. u P'.-Cotton fu-
lures were lower in slow dealings today.
The market was under ''ght nreesrre ect
commission house and New Orleans IL
auidation along with scattered hedslne.
OFFERINGS met only small scale down mil!
support. Traders attributed the auletness
to uncertainty to over foreign aid and
the domestic price control program to-
Late afternoon prices were 5 cents a
bale higher to 20 cents lower than the
previous close. March, 1910; May, 1874,
and July, "a so.
Evening star., 1947-12-17
Two More D. {. Bank!
Declare Dividends,
Christmas Bonuses
By Edword c. Stone

Two more Washington banks have
declared regular and extra dividends
and liberal Christmas bonuses.
Directors of the Bank of Com
merce e. Savings have declared the
quarterly dividend of $3.50 per share
and an extra of 81 share, both
payable December 81 to stockholders
of record December 90 Thomas ]
Groom. president. announced today
The board voted the Customary
bonus of one months salary to en-
ployes with the bank six months
and one-half months salary to those
employed less than six months.
American Security e. Trust Co
directors have declared the usual
quarterly dividend of 2taos and ar
extra of 21a %. both payable Janu.
ary to stockholders Of record De.
cember 81. Daniel w. Bell. president
announced today. The board also
voted the largest Christmas bonus
In recent years, based on length OF
service.
The directors authorized an in
crease of $1,000 in the amount of in
surance given to all employees
eligible for insurance.
Exchange Trading Heavy.
On the Washington Stock Ex-
change today 1850 shares of the
new Potomac Electric Power COM
mon, when distributed, changed
hands at 1885. unchanged, by far
the heaviest days trading since the
issue was listed
Capital Transit sold at 14s. Gas
$3.50 Preferred at 104 and Wood
ward & Lothrop common at 413s
One bank stock appeared on the
board, American Security & Trust
with 10 shares moving at 300.
Ferdinand Kuhn of the Washing
ton Post addressed the monthly
dinner meeting of the District of
Columbia Control, Controllers In
stitute of America. at the Carlton
Hotel last night. He spoke on the
subject, Unanswered Questions in
the Marshall Plan
Credit Earnings Jump.
Directors of Manufacturers Credit
Corp. have declared the regulal
dividend on the 6 per cent pre-
ferred, payable December to stock
holders of record December %
Charles Delmar, president, an
nounced today.
Volume of business in the first
II months of 1947 totaled S3412,4O2
compared with s1,870, 14s for the full
II months of 1916, an increase OF
s2.5 per cent.
Washington Chapter, Society OF
Residential Appraisers, elected Curt
Mack, an FILA official. president at
the annual meeting last night al
the Burlington Hotel. He succeeds
R. Latimer Berkley. Directors were
also named. j. A. Livingston of the
Washington Post discussed the
l948 outlook.
Extra and Bonus Voted.
The Suburban National Bank has
declared the regular Accent divi-
dend and a 10-cent extra, payable
January 2 to stock of record De-
cember 20. T. Howard Duckett,
board chairman, announced today.
The board also transferred $25,000
to surplus and voted Christmas
bonus Of per cent of annual SAL
aries.
John R. Waller, president of the
International Bank of Washington,
has returned from trip to Mon
treal in the interest of the Rut-
land r. r.
In the week ending December 3.
Washington banks scored further
gains in commercial and real estate
loans and demand deposits, with
savings deposits unchanged. the
Richmond Reserve Bank reported
today.
Evening star., 1947-12-17
N. Y. Bond Market
FURNISHED - the Associated Press.D
SELECTED LIST OF ISSUES.

NJ ohbAoHCH ~ INT
SELECTED LIS
WORLD BANK
IntBR&D 3s72 90 IA
IntBR&D2A57 81 10
NEW YORK CITY
IS 80 1o5T.
FOREIGN o::2u
Austral1a3l laS67 1914
Copenh 412s 53 1914
Costa Rica 1851 16ss
Peru 1st Us 90 l5M
DOMESTIC 2:3G
|AmT&T2A57wi 1o7L4
Am TIT 2A4s6I lo3h
Am T&T 2As rs o3ih
AmT&T 2as So 91M
AmTobacco3s62 1o2M
ATSF al As COST lo6lA
Atl CT LIST As So 1c2M
Att DIV 1st4s4S 81
B d o Sc 95J 7lM
8alt&On 5s09s 81
B&O CIV 4h2O1O 1914
3 & OPLE As so e4le.
B&OSouDiv5sSO 7lM.
Beth Stl 2A4s 76 9oN
Bost Me IS 55 lolh|
Bost Me 4'as 70 81
Blk U G gas rs %
BufNiagE3s4s75 97N|
Can Nor 4las 56l1oN
Cent Ga 5s 59C 7is|
CenPac Ist4s49 1o2Ml
Cn RR NJ bs 81 50
ChampP&F3s65 96LI
C B & @ 3hs S5 96
Chi&E l Inc 81 81
Chi&EIll 3Ass5 72MI
ChiI&L inc4sS3 SPA
CMStP4Aas2O1g 67NI
CMStP41as2044 81
Chi&NW 41as99 6lA
GRIP 4hs 52A- 6SihI
GRIP 4hs go 14Nl
GRIP RI As "a 57NI
CCCStL 4 Has ~ 67h
Clev On Tr 5s73 1o1
Comwl Ed IS n 1o2hl
ConsEd 2s4s'72 97A|
Cons Ed gas ~ oAMl
Day P&L 2A75 9eN
Deere 2sAs 65 loosNsI
DIR In 4ia201S 56h7|
Det Ed 3las Sc 1o6
Det Edison 3s70lo3A|
DwChem g. .35s6 96
NEUTRALITY-SUSPICIOUS.
Grt Nor 2As 81 81
Evening star., 1947-12-17
Chicago Grain

CHICAGO Dec. II R.-Grain prices
moved within a relatively narrow range
on the Board of Trade today. although
corn tended to show greater underlyins
frmness than other cereals.
Az noon wheat was ia lower to l u
higher: December, s3.OaK.; corn was nj ,.
hisher December, S2.60h: oats were un-
changed to "a lower; December, 81 .26l4,
and soybesns were Ia lower, March,
Evening star., 1947-12-17

Hourly Sales on the Exchanse To-day:
H. :Uuar 22o 600 1900 noon $50 600
100 p.m..~ 7lo 600 2:O0 p.m. $50 900
tUnit OF trading, 10 snares. sIn bapk.
euptcy or receivership. o., seing reorE an1Seo
under the Bankruptcy Act, or securities
assumed By such companies Rates Of
disbursements based on the last auSrterly
Or semiannual declaration Unless other
wise noted. Special Or extra dividends are
not included. Ex dividend II EI riri1ts
Also extra or extral Plus stock divi.
lend. q Cash or stock z Paid last year
rayss,is y,. 10 stock psslsreo Or paia e
stock dividend or stock split-up. I Accum
ulated dividends paid or declared this year
Evening star., 1947-12-17


r OF ISSUES.
lGrnB&W deb B III
|G MO 2b41 B 5ei1
Hud Gas 5s 40 1c6
Hud&M ri 5s 81 60
Hud&M in IS 81 1914
I'll Bell 2sls 81 96iz
II C 4As 66 IS
ICCStL 4 " 3 63 82h
intGtNor is So Al
Int G N lst6s52 81
IntHydroEl6s44 62,A
Kan c Sou 4s7b 9e,S
MSPSSM As g. 5oA
M < r Is 81 A 76iz
Mo Pac 5Ias 40 "a
Mo Pac IS 77F 75ib
No Pac sn As rs 3sih
Nat Dairy o'47O oos,s
N o T M 5s 81 67iz
N o T M 4las56 81
lNYC # IS 2Ol3 73X
tYC 4las2Ol3A 4 81
v Y C con As 90 61ih
INYCLS 3Has aS 62iz
NYNH&H Is 40 7oht
NYNHinc4h'22 33
|NYNH&H As 81 9Hs
NYNHH 4s2OO7 66i1
NYO&W Rn4s65 3M
NYWB 4 Has 46 9iA
NorPac IS 2047 IS
orWsRRN 3s 6Olo3ss
Pac TIT 2A4sS5 "a
'ennCtAir3las6C Ala
PennRRg4 Hs35 e9s |
Penn RR As 4S loohz
PennRR 3As52 90
Peo&E inc4s 90 73
Philipn Ry As 81 15A
Phil Pet 2As64 1oOIs
Pittston 5Kas64 100
RckIA&L4bas34 81
StLSF 4Hss2022 54A
StLSanFrn4s97 61M
5eab in4 1as2Olo 65N
Shell On 2hs71 - |
SoPacinc4asSl 30
StdOCal 2As66 lolA
Texas Corp 3s65 1o4N |
Third Ave IS so so !
On Oil Cal 1867 1olA
U s Rub 2ss rs 81
West Sh As 1851 50
West Md As 81 9oh
West Un Is 81 SiM
West Un 41as 81 o5
Whl&LkEr 4s49 1o3H
Evening star., 1947-12-17
Dividends Announced

NEW YORK Dec. II tP,.-Dividends de-
clared today
Pc Stock Of Pay
Evening star., 1947-05-11

why not odrntt II, Just wosn't popular thot's
olL But never expected to be 50 hymiofed q. wos
the night OF Mary jones poriy. As came into the
room. heard Bob and Jim whisper .. 'BOfw
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1947-07-01

be used for the greatest benefit
of Swedens economic life. Capt.
tai investments must be further
curtailed, and will not exceed
two-thirds of what they were in
1916. In order to increase the
budget surplus, the Government
plans to reduce expenses. One
way will be to cut the service
time for military conscripts and
to cancel refresher courses. This
will also help alleviate the dearth
of labor.
Should it become necessary,
bill taxing the consumption of
luxury articles will be introduced
in 1913. The major social well
fare programs such as increased
old age pensions and grants to
children, will be put through, but
certain other scheduled reforms
will have to wait. An organized
savings campaign will be encour-
aged. The price control will be
made stricter, and abnormally
large business profits will be used
for the purpose of lowering prices.
Increased dividends will be pro-
hibited. Wage earners and white
collar workers will be asked not
to request wage increases.
In a radio address, Prime Min
lister Tage Erlander emphasized
the Governments determination
to establish policy which will
preserve the value of the krona
and real incomes. He appealed
to the nation to rally around the
watchwords work" and save"
Business Claims Government
Program insufficient
The Governments program is
insufficient to combat mutations,
it is said in a statement issued by
number of business organiza-
tions such as the Swedish Indus
try Federation, the Swedish Cen
eral Export Association, and the
Swedish Employers Association.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1947-07-01

In order to make the people save,
they contend saving must appear
as something valuable and bene-
fetal for the individual. The Gov
ernment's tax plan, which has not
yet been finally debated in the
Riksdag, ought to be revised or
deferred to a later date. Curtail
ment of investments should pri-
marily concern the improductive
ones. Furthermore, an interest
increase is deemed necessary. The
joint answer to the Government
ends thus, Swedish business has
never refused to cooperate with
the authorities on positive
ground for the country's veal, es-
pecially when a serious situation
demanded a mobilization of the
nations efforts. Business cannot,
however, agree to increased regu-
lations and restrictions, which
never get to the root of the evil"
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1947-07-01
The Culture of Sweden's
Loops Being Preserved

STOCKHOLM, June.-The Ian
guage and music of the Laps in
the mountain regions of northern
Sweden have been studied for five
years by Professor Bjorn Collinder,
of Upsala University, who has now
published the results. More than
1900 Lapp songs have been re-
corded on gramophone discs in ad-
dition to which so many folk tales
by Lapps have been gathered that
they would fill a book of 1000
pages.
Since the Riksdag granted funds
for this research in 1943, Professor
Collinder has made eight trips to
various Lapp districts. The mar
ratives recorded deal mainly with
the ancient traditions and myths
of the Lapps, but also with their
everyday life, reindeer breeding,
and handicrafts. Many of these
tales are of high literary quality.
for these primitive people possess
exceptional eloquence and the pow
err of vivid description.
The Lapp songs put on records
have been examined by an expert
on tribal music, Professor Carl
Allan Moberg, who states that they
differ greatly from the ordinary
Swedish folk songs, both in rhythm
and tonal quality. The Lapps have
sets of melodies connected with a
certain mountain, a village, a per-
son. or the times of the day. A
Lapp would therefore never sing a
morning song in the evening, or
vice versa.
There are at present $500 Laps
in Sweden, of whom one third still
roam the northernmost mountain
regions with their reindeer herds,
which provide them not only with
food, but also with transportation,
clothing and shelter. The remand
er are fishermen and farmers.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1947-07-01
IeeIandic Order
For Dr.. Leach

NEW YORK, N. Y, July IA.
THE Commander of the Ice
landic Falcon" was presented
to DR.. Henry Goddard Leach,
Honorary President of The
MISREPRESENTATION Foun-
dalton, "in appreciation of your
great interest in Icelandic cul-
tural matters and valuable as
sistance to Icelandic students
through The American-Scandi-
navian Foundation" by DR..
Thor Thors, Icelandic Minister
to the United States, this
afternoon at the Waldorf
Astoria.
This decoration was one of
twenty granted by the Republic
on June 18th upon the ami
versary of the refounding of
the Icelandic Republic in 1914.
DR.. Leach was the only recip-
lent who was an American.
DR.. Leach for the past 35
years has been connected with
the Foundation as General Sec
rotary, Director and President,
and was elected Honorary
President. in February of this
year when DR.. Lithgow Os-
borne, former American AM
bassador to Norway, was elect
ed President. 434 students were
exchanged between the United
States and Scandinavian coun-
tries in 1916 under the aus
pices of The American-Scan-
dinavian Foundation.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1947-07-01

local groups that have been Or
ganized in various parts of the
Middle West.
ARCHBISHOP EDEN TO
AUGUSTANA CENTENNIAL
Coincidental with the Pioneer
observance and partly connected
with it at least so far as the
religious end is concerned the
Augustana Synod in Rock Island
Illinois, will celebrate the centen-
NAL of the founding of its three
first churches. Archbishop Erlins
Eidem of Uppsala, Primate of the
Swedish Lutheran Church, has
accepted an invitation to attend
the meeting of the Synod in June
next year. A committee has beer
formed within the Swedish State
Church, with Bishop forster
Ysander, of Visby, as chairman
to organize the Swedish partici-
patton in the religious celebra-
tons.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1947-07-01

contributing factor was earlier
rumored hints t h a the Labor
party would request free hand
in meeting increased prices with
fresh demands for higher wages.
The opposition press conclude
that the negotiations began too
late.
Reduced Military ConscriptiOn
Service to Increase Supply
of Labor
Immediately after the unsuc-
cessful end of the round table
talks, the Government presented
its own plan for fighting infla-
ton. The main point is increased
production, with emphasis on ne
cessity articles and goods for ex-
port. Imports will be sharply re-
stricted, so that the small supply
of certain foreign exchange may
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1947-07-01
Government and Business Disagree
On Methods on Fighting Initiation

STOCKHOLM, June-(By wireless)-A round table
conference between the Government and representatives
of Swedish business finance and industry ended June
IL, after deliberations lasting and half months
without agreement having been reached regarding
against initiation. The failure caused mainly
by the refusal of the farm delegates participate any
longer, since the Government did fully meet their
demands for higher prices agricultural products A
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1947-07-01

LrdVellnS art eXnlDltlOn, concert
tours, and lectures series, as well
as an invitation to a number of
Swedish-Americans to visit the
country of their ancestors.
The centenary, scheduled for
early summer, probably June, will
be celebrated in Chicago, Mime
apolis, Detroit, Omaha, Rockford,
Rock Island, and other communi-
ties with a large Swedish ele-
ment. Sweden Day in Minneapolis
will be one of the high points.
The Swedish Pioneer Centennial
Committee, whose chairman is
DR.. Conrad Bergendoff, President
of Augustana College, Rock
Island, Illinois, has invited both
King Gustaf and the Swedish
Government, and it is probable
that member of the royal house
will head the official Swedish
jubilee delegation.
CROWN PRINCE GUSTAV
ADOLF is ROYAL PATRON
A Swedish committee, headed
by Axel Chores, Minister of Com
merce, and with Crown Prince
Gustaf Adolf as royal patron, has
been formed by the Swedish In
stitute at the suggestion of the
Government for the purpose of
organizing the Swedish partici-
patton in the jubilee.
An executive committee h S
been appointed with Bertil Kugel-
berg, newly made head of the
Swedish Employers Association
as vice president. DR.. Per Sand
berg, secretary of the committee,
will probably go to the United
States this summer to confer with
the Centennial Committee and the
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1947-07-01
Sweden's Part in 1q48 Pioneer
Centennial in Midwest Outlined

STOCKHOLM.-(By Armail)-Swedens participation
the centennial observance next year of the first Swedish
immigration to Americas Middle West is being dis
cussed in Stockholm Present plans according to Svenska
Dagbladet include the appointment of official Swedish
delegation to the United States and perhaps also