davidaulloa/AmericanStories huggingface dataset:
Evening star., 1947-12-11
Young Hits ice Report
Opposing His Seat
On Central Board
BY the Assoeiofsd Press

Robert r. Young met a proposed
rejection OF his plea for a seat on
the New York Central's Board of
Directors today with an assertion
that again ICC violates its public
duty"
Mr.. Young, board chairman Of the
Chesapeake & Ohio Railway Co.,
and Robert J. Bowman. Chesapeake
president, are seeking authority to
become New York Central directors
without giving up their present posi-
tions.
The Interstate Commerce Com
mission itself has not yet acted on
the petitions. But an ICC examiner
who conducted lengthy hearings on
the proposals last fall recommended
late yesterday that the commission
turn thumbs down on the inter-
locking directorate.
Move Held no Investment.
The examiner, G. E. Boles, said
400, 900 shares of Central stock
which the Chesapeake company
bought in the open market during
the past year or so was not pur-
chased as an investment, but for
the specific purpose of injecting
applicant Young's influence and
policies upon the affairs of New
York Central.
Describing the Boles report as
another decision against public in
terest by a Government bureaucrat
whose duty it is to further the pub
lie interest" Mr.. Young said in a
statement at Cleveland that he and
Mr.. Bowman propose to go on
! fighting for our right to assert G.
& O.'s ownership management inter-
est in the New York Central and
for railway progress"
Insurance Case Cited.
Mr.. Young added that it is diff
cult for us to take the commission S
two-faced justice" and elaborated
by asserting that:
While the Metropolitan Life In
surance Co. lis dominated by the
investment bankers whose interests
are adverse to those of the railroads, -
the commission had approved di-
rectorships on both the New Haven
and Erie Railroads for Harry Hag-
erty. "a Metropolitan Life ofiicer."
While Congress had instructed the
ICC n years ago to facilitate rail-
road consultations into small
number of systems, to-day there
are still 100 class / railroads"
Mr.. Young said the proposed New
York Central Chesapeake Associa-
ton offered "the groundwork for a
major consolidation, but here again
ICC violates its public duty and
turns us down."
Alternative Suggested.
Mr. Boles' report said that if Mr..
Young and Mr.. Bowman want to
combine Chesapeake and Central,
they should take their proposals di-
rectly to the stockholders of the two
companies and persuade them as to
the desirability of such uniflcation,
and having persuaded them file an
application for the necessary au-
thority"
He asserted that no such applica-
tion has been filed with the ICC but
that approval Of the Young Bowman
directionships would result in con-
troll
This, Mr.. Boles stated, would vio-
late the Interstate Commerce Act
which prohibits joint control Of two
or more railroads without specific
ICC authority, and might also vio-
late the antitrust laws.
The examiner referred to Mr..
Young as having "a personal ambi-
ton to be in the New York Central"
and said Chesapeakes funds had
been used to buy Central stock 'for
the purpose of indulging hobby"
Evening star., 1947-12-11

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Evening star., 1947-12-11
New York Cotton

NEW YORK, Dec IL .R).-Cotton fu-
lures declined today under pressure Of
commission house profit taking and mod
crate hedging Offerings met only scale
down mill support
Most traders held to the sidelnes in
the belief that the market was entitled
to a reaction. following the recent swift
advance. There was also some hesit ancy
pendins the clafincation Of the foreign
aid and domestic controls program now
pending in Washington.
Spot cotton markets were arm, while
textiles were quiet.
to ste bale lowe1 than RI5 % rseis GEMS
close. December. $685.: March, 1927,
and May, So "a.
Evening star., 1947-12-11
Business Briefs
Ciearings i'm "a leading !,

Bank Clearings in "a leading cities
rose to $13,651, ,794,000 in the week
ended December 10 VS.. $13,306, 1885,
600 in the preceding week and were
1877 above s12,o10,385, 900 in the
like 1916 week-Dun & Bradstreet.
Commercial, Industrial and Farm
Loans of member banks in 101 lead
ing cities totaled s14,358, ,0O0, 900 on
December 3, a gain of s9l, 100000
from q week earlier and $3,105 ,000,-
900 above a year earlier-Federal
Reserve Board.
Automobile Production. in the
United States this week will total
87.424 cars and 22,761 trucks VS..
$3.50 and 22,176 last week-Auto-
motive News.
Engineering Construction Awards
for the week ended December II
totaled $95,623, 900, a drop of $50
from the preceding and 25oc below
the like 1916 Notwithstanding
News Record
November Steel Output set new
record of 7,24e,523 tons for that
month. raising the 11-month total
to 77,434,423 tons, an increase OF
100000 over the total for 1916 and
about 25,0Oo,00O above prewar 1899
American Iron g. Steel Institute.
New Securities Marketed Today
included: $4,000, 900 Of Cleveland
Electric Illuminating Co. go bonds,
due 1882, at 101!08 and interest;
S10,0O00O0 Of Georgia Power Co.
37sss bonds, due 1877. at 1o1.42 and
interest.
Bank of America announced 1t
would increase interest paid on saw
ings accounts to 1129o for the semi
annual period starting January l.
The current rate Is ~ and in
1916 it was 1oc.
American Brake Shoe Co. declared
a dividend of 10 cents. payable De-
cember 27, raising 1947 dividends to
s2.40 VS.. 50 in 1916
Adam Hat Stores reduced the
quarterly dividend to tx cents from
IS cents, payable January 2.
Southeastern Public Service Co.,
successor to Southeastern Corp, de-
clared an initial dividend of Is
cents a common share, payable
January Is.
United States & Foreign Securities
Corp. declared a dividend of $1.35 a
common share, playable December
27. An initial payment of s1.30 was
made last year,
Distillers Corp -Seagrams, Ltd,
earned s19.128,585 or $218 a share
in three months ended October 81
VS.. S15,542 ,339 or SITS year earlier.
Western Union Telegraph Co. net
income for ten months ended Octo-
ber 81 was $8262,581 or $6.71 per
class A share VS.. loss of $11, ,109 ,316
in the same 1916 period.
American Power & Light Co. and
subsidiaries earned $5,073,307 in
three months ended September 80
VS.. $5,094 1850 a year earlier.
New York Telephone Co. net in
come for 10 months ended october
81 was $27,684,154 VS.. $50 2,158, 800 in
the same 1916 period.
National Pressure Cooker Co. net
income for IL months ended Sep
tember 30 was $5,793 ,2s4 or $11.5S
VS.. $3,205. .595 or $40 in the pre-
ceding fiscal year.
Diana Stores Corp. profit for
three months ended October 81 was
s256, ,138 or 80 cents VS.. $246,899 or
% cents in the same l946 period.
New York Central Railroad asked
ICC permission to issue $4,000. 900
of equipment certificates to help
finance purchase of "a Diesel loco
motives and 2,000 steel boxcars.
Kroger Co. sales in four weeks
ended November 20 totaled $780,
436,784, a gain of e.9He from q year
earlier; In 48 weeks ended the same
date, 1854, ,45s 200, an increase Of
33.s%.
Evening star., 1947-12-11
Christmas Bonuses
Declared by More
Washington Banks
By Edword c. Stone

More Washington banks have de-
clared Christmas bonuses, it was
learned in the financial district
today.
Directors of the Washington Loan
& Trust Co. have voted the usual
Christmas bonus based on salaries
and length of service.
The McLachlen Bank has dis
tributed 6 per cent Christmas
present to all employees of the bank.
The National Bank of Washing
ton Board yesterday voted 6 per
cent of annual salaries to all officers
and employees as a Yuletide gift.
Liberty National has already dis
tributed the usual extra Christmas
compensation to all officers and en-
ployes.
Second Nationals Christmas bonus
of one months salary has recently
been paid after being declared in
October.
Union Trust and City Bank
bonuses also have been announced.
Bank Increases Dividend.
Directors of the Industrial Bank
have increased the dividend on the
common stock from to S per gent
per annum. the higher dividend
being payable on January .27 to
stockholders of record December
81. The board also voted a Christ
mas bonus for the entire staff.
During the week ending December
8. Washington banks registered a
gain of S562,000 in commercial loans
over the previous, according to the
Richmond Reserve Bank Real
estate loans increased by $511,000
Assets were $3,166,000 lower,
demand deposits were down s2,670,-
600 and time deposits were of slight
ly from the earlier week.
Electricity Sales Higher.
Sales of the Potomac Electric
Power Co. in November in the Dis
trict Of Columbia totaled 127 ,612,081
kiliwatt hours, an increase of TO-
235 ,346 kiIwatt hours, or 872 per
cent, company officials reported to-
day.
Sales outside the District amounted
to 23,711 APT killiwatt hours, up 1923
per cent, placing total November
sales at Isl 1923 SOB kiliwatl hours, an
increase of 1887 ,565, or go per
cent.
Garfinckel Stock Reviewed.
Johnston, Lemon & Co. is dis
tributing one of the most complete
reviews Of Julius Garfnckel & Co.
operations which has yet appeared.
The analysis points to the acqui-
sition of the famous Brooks Brothers
mems store in New York, the extern
sion to the Washington main store
and the steady growth in sales.
The investment firm lauds the
management of the company and
expresses belief that the present
$150 dividend on common will be
maintained. Growing interest in
the preferred stock is forecast.
Potomac Common in Demand.
Potomac Electric Power common
stock, when distributed. led trading
on the Washington Stock Exchange
today, with 331 shares changing
hands at 1885. Capital Transit sold
at Is, ex-dividend
Washington Gas Light $3.50 pre-
ferred moved at los, while Capital
Transit As figured in a $1,000 turn
over at 9111a. A very large number
of stocks on the list are now being
quoted ex-dividend.
Evening star., 1947-12-11
Chicago Grain

CHICAGO Dec. IL lP.-Grains weak
ened on the Board Of Trade today, al
though not all Of the preceding session s
gains were given up in the retreat. Corn,
largest gainer yesterday. had the widest
losses today.
Weakness in the yellow cereal followed
. lessened demand for the cash grain in
the spot market. Weather over the Mid
west also was much more favorable for
harvesting and movement Of the crop to
market.
Some mill buying appeared in wheat in
early dealings, but it was not substantial.
Elevator interests were credited with SELL
ing. Uncertainties REGARDING possible
Washington legislation to control prices
restrained buying enthusiasm.
AT noon wheat was A-2A lower; De-
cember, S3.11A: corn was 8 to cents
lower: December, S2.6OA; oats were
| A-1 "a lower: December ST .25. and soy
beans were unchanged; March, S3.SS.
The Commodity Credit Corp announced
that it was out of the cash wheat mar
ket aRain yeSterday
Evening star., 1947-12-11
Gov. Jester Honored

HOUSTON, Tex. Dec. IL R.-
Gov. Beauford Jester last night re-
ceived the annual man of the
year" award from Kappa Sigma, his
college fraternity.
The presentation was made by
Gov. Dwight L. Green of Illinois,
who received the award In 1943.
Evening star., 1947-12-11

SAsECTED LII
WORLD BANK
IntBR6D 3s72 81 a
IntBR&D2A57 ~ 2
NEW YORK CITY
IS so lo2A
FOREIGN ESQ
Australia IS s. 1o1H
Canada Is 60 1o@iA
CHIME 6N61 .. leh
Denmark IS AZ -
Sac p st 7s40st. 50
DOMESTIC 2:3o
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AmT&T2A57wi 1o63<
Am T&T 2As61 lo3N
AmT&T 2s4s 80 81
Am T&T 2HsS6 o7M
Amt Tooacco3s62 1ollz
A T g p IS 95 117iA
Att Cl LIST As 81 lo2
Balt&On 5so9s So
Balt&Oh 5sM96 5eN
Balt&O Ohio4s75A "a
Baltimore g. Oh. 1914
Bang A en- As 81 90
Bell Pa IS so c ll9
Beth Stl 2NS ID 96lb
Blk u g 27ss 76 81
Celanese 3s IS 1ooiA
Cent Ga IS SOC ~
Cn RR NJ IS 81 35h
c B & @ 3Kss S5 81
chi&E I inc 81 3oA
CMStP4Has2O19 663A
CMStP4Aas2O44 81
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chi&Nw 4hs9o eo1S
GRIP kHS 40 1JlA
GRIP # IS 81 5sbS
CTH&SE 2Ase4 e2A
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CityInvest 4s61. IS
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Cons Ed 2Hs SO SA34
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Den&S L inc 90 60
DetEdison2AS2 96
DetT&Ir2As76 g
Dwchem 2.35s6 o5iA
Dull SS&A IS 81 37lh
Erie 4Kas 2O1b 61Ls
NEUTRALITY-SUSPICIOUS.
G MO 2O4i B 55%
Hud&M rf IS 81 50
&c 4AS 66 7Slh
Evening star., 1947-12-11
EMN
Finance COMPANY

DIVIDEND NOTICE
The following dividends have been
declared by the Board Of Directors:
Common Stock
Quarterly dividend of 35 cents Q
share. payable January 10, to4s, to
stockholders of record December IS,
lo47.
Preferred Stock
Regular quarterly of IS cents PEI
share on Convertible Preferred, pay.
able January 10, l948, to stockholders
Of record December IS, l947.
A. E. wElDMAN
Nopsmbs, Is, Io47 Treasure,
Evening star., 1947-12-11
FOREIGN Exchange

NEW YORK. Dec. IL R.-Foreign a.
change rates follow toreat Britain IN dol
lars. others in cents:
Canadian dollar in New York open mar.
ket LIE per cent discount or SO .12h
Europe-Great Britain, S4.03N, un.
changed: France nranc), .s4h OF Z cent
unchanged; Sweden (krona), 27.S5. un-
shansed; Switzerland dranc) Comb.
Latin America-Argentina free. 2s.O3,
UNCHANGED; Brazil free, $50, UNCHANGED:
Mexico, 20.62. unchanged
Evening star., 1947-12-11
Chicago Livestock

so56 GcAa2 sas:, Dss ssodd - i0s Slow "A ..iss. hass
butcher. butch ssneraiiy $40 lower; @ sssSS'
500 pound barrow and siits. 25.s6-ae. Is
top; 1928; ltehter weights SCARCE; ss e. feE
good and choice AROUND 100000 pound
weights, 24.25 and 24.50: clearance in.
salable cattle-45oo; total, $500: sal.
able calves. 700; total. 700; fed steer.
good grades slow; active, on high good
st It? b t 90 e 1915 and bester; hish-sbo5Is: 5
also fairly active at 1900 down to :O0
topped tor class st 81 80; most good ara
1850: beef cows sloy at $4,000 90:
but closed top heavily after sausage offer
ings sold freely at 81 90: vealers hrm
salabie sheep-4.500: total. 5000:
for Slaughter lambs; several iOsds sood
held at $500 and 26.26.
Evening star., 1947-12-11

Hourly Sales on the Eashsnse To-day:
1900 an 100 600 1900 noon $40 600
100 p.m.. $40 600 800 pm. go 600
ruptcy or receivership. on being reorganised
under the Bankruptcy Act, or securities
assumed By such companies Rates Of
disbursements based on the last quarterly
7r semtannual declaration. Unless other.
wise noted. special Or extra dtvidands are
Also extra. or sxtras. B Plus stock diyi.
dend. d Cash or stock. Paid last year.
srsysknie AL Y stock. 2 peclfsed or paid G
stock dividend Or stock split-up. { Accu1
ulated dividAu6S paid o. DECLARED thiG yeor.
Evening star., 1947-12-11
Odd-Lot Declines

PHILADELPHIA, Dec. IL GP.-The Sc
today these transactions by customers with
odd lot dealers or specialists on the New
York Stock Exchange for December To-:
1881 purchases involving 140,066 shares;
4,224 sales involving 1l9,64s shares. in
Guiding Is short sales involving SO shares.
Evening star., 1947-12-11
Market AVERAGES

United Fruit Co. elected Sam
Baggett vice president and general
counsel to succeed the late William
K. Jackson.
Evening star., 1947-12-11

Jones & Laughlin Steel Corp. an
nounced q Christmas bonus OF 25as
to 50% Of monthly salaries will be
paid December 10,
Evening star., 1947-12-11
N. 7. Bond Market

sn1isa:s shisrS X ihs aYsI A;sssiissS s sssu fss''J
Evening star., 1947-12-11

oGAfESx Ed Nh
WORLD BANK
IntBR&D 3s72 81 a
IntBR& R&D2A67 ~ 2
Evening star., 1947-12-11
Dividends Announced

declared:
Evening star., 1947-09-29
Wife Slayer Dies in Chair
Insisting Hell! Get Reprieye
By the Associated Press

BELLEFONTE, Pa, Sept. 29.-
Joshua Elwood Beatty, At, Harris
burg steelworker, was electrocuted
early today for the murder of his
estranged wife, insisting to the last
minute that Il have nothing to
worry about know the Governor
will give me a reprieve"
No reprieve arrived, however
from the Office of Gov. James H
Duff as Beatty walked to the electric
chair at RockvieW Penitentiary at
1921 am. He was pronounced dead
three and half minutes later.
Beatty-the first of six convicted
slayers on the States execution list
for the next 80 days-was convicted
Of the fatal shooting of his 35-year-
old waitress wife, Carrie, in a Harris
burg restaurant last December 4.
William Paul Byron, 40, and Fred
erick Meyer, Is, are slated to die in
the electric chair October 6 for the
fatal shooting of bystander in a
gasoline station holdup at Folsom,
Pa, on July 13. 1916.
October 20 has been set for the
execution of Mike Bubna for the
Staying of Robert Fish in March,
1916, and William Chavis, colored,
Philadelphia, who has appealed his
death sentence to the Supreme
Court. The sixth man is Lawrence
Brown, 10, colored. convicted of the
hammer Staying Of Philadelphia
bootblack.
Evening star., 1947-09-29
Mass Is Celebrated
For Father Hurney

The Rev. Francis ]. Hurney, in
his lifetime one OF the best known
Catholic priests in America, was
nonored yesterday on the 14th ami
versary of his death, with a me-
mortal mass at Immaculate Concep-
ton Church, Eighth and N streets
NV.
Father Hurney, who was nation
ally known in drama circles, was an
intermediary in the negotiations
between Mrs. Evalyn Walsh Mclean
and CASTOR B. Means and Norman
T. (the Fox Whitaker In the Lind.
bergh baby ransom hoax.
| AS founder of the famed st
Patrick's Players here, he helped
develop the talents of Ina Claire
and Helen Hayes. He also was
founder of the Catholic Radio Hour
Father Hurney, native of Wash
ington, was pastor of Immaculate
Conception Church when he died ir
1888. He had been Navy chaplain
in World War I and has given his
name to the Father Hurney Post
Catholic War Veterans.
Members Of the post worshipped
at the mass yesterday, celebrated by
the Rev. Joseph E. Gedra, pastor
of the church. The veterans were
led by the post commander, Fred
erick J. Morthorst and his sor
Frederick, jr., who acted as his aide
Some historians claim that the
tea industry in Japan dates back to
| 1865,
Evening star., 1947-09-29
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IT e "a

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hands and face, .eruptions, rectal itching
or other externally caused skin troubles,
For quick relief and good results. use
VICTORY OINTMENT. Developed for the
boys in the Army now offered to the
folks back home White, greaseless anti
septic, contains lanolin, safe for children.
"A name you cannot forget. VICTORY
OINTMENT, the finest, jars and tubes.
Sold by ali druggists.
Evening star., 1947-09-29
State Denies Sanaforium
Is Serving Spoiled Meat
BY the Associated Pres.

BALTIMORE, Sept. 2s.-Meats
cooked at the Mount Wilson Tuber-
culosis Sanatorium in Baltimore
County may be fish favored because
they are cooked in the same oil and
pans as the fish. But charges that
the food is spoiled are "inconceiv-
able the State Health Department
reported.
Gov. Lane asked for report on the
State institution after Sylvia Card
Baltimore. filed a written complaint
charging spoiled and uncooked foods
are served to patients; that toilet
and bathing facilities are out OF
order: that the beds are "atrocious"
that there are no sterilizers for bed
pans or medicine glasses, and that
the diet kitchen stoves are faulty.
DR.. C. H. Halliday, deputy health
commissioner, reported after an in
spection that all patients inter-
viewed by me seemed to be happy
and were complimentary in their re-
marks relative to the institution as a
whole"
He said it was impossible to con-
firm the charge that spoiled food is
served, but lit is possible that by US
ing the same fryer meats may alb
sorb some taste of fish"
Evening star., 1947-09-29

through the top member of the
electoral boards.
Evening star., 1947-09-29
Procter & Gamble Boosts
SOAP Prices 10 Per Cent
BY the Assoeioied Press

CINCINNATI, Sept. %. The
Proctor & Gamble Co. today an
nounced a 10 per cent increase in
.the wholesale price of toilet, laundry
flake and powdered soaps, effective
Immediately.
The wholesale price of Crisco, a
vegetable shortening. was boosted 3
per cent, effective Immediately.
Proctor & Gamble had reduced the
wholesale price of the products by
approximately Is per cent since last
March.
Higher costs of ingredients, such
as coconut oil and tallow, were given
by the company as reasons for the
increase in soap prices. Cottonseed
and vegetable oils also have in
creased in price, necessitating hike
in the cost of Crisco, a spokesman
said.
Evening star., 1947-09-29
Church Thieves Take
S28 at St. Patrick
$40 al Synagogue

Theft of $3s from two churches
was reported to police this morning
in resumption of series which
victimized nearly dozen churches
several weeks ago.
The Rev. Robert Arthur Of st.
Patrick's Church, Tenth and G
streets NV, told police $28 was
stolen from his wallet last night.
The wallet, he said, was in a drawer
in the third floor of the church.
Adolph Kuntz, assistant treasurer
of the Washington Hebrew Congre-
cation, 822 Eighth street NV, re-
ported $40 was taken from an un-
locked safe in the synagogue during
the week end.
In attempted safe cracking over
the week end, yeggs were unable to
open strong box in the city ticket
office of the Pennsylvania Railroad,
626 Fourteenth street NV, police
were told.
Theft of $400 from his trousers
pocket was reported to police yester-
day by Phil Aides, Al, of 319 Ten
nessee avenue NE. Mr.. Aides said
his trousers were hanging in the
kitchen of a restaurant in the 1000
block of Seventeenth street NV,
where he is employed.
Police said three colored men
last night attacked John T. Bunk
ley, 27, colored, of GAG Acker street
NE, while he was walking in the
600 block Of L street NE. The men
took .38 caliber revolver belonging
to the United States Post Office
Department. Mr.. Bunkley is a
railroad mail worker. He was treated
at Casualty Hospital for head in
juries and facial cuts.
Theft Of almost irreplacable
papers from his automobile was
reported today by Technical Sergt
John K. Perkins, attached to the
Office of the military attache to the
American Embassy in Paris. He
said his car was parked in from of
the Soldiers, Sailors and Marine
Club, 1015 L street NV, when
thieves took a portfolio containing
his passport, return ticket to Paris
embassy and French identification
papers, Army orders, international
driving permit and other documents
Clothes valued at $40 also were
taken, he said.
Evening star., 1947-09-29
John Thomas Smith Dies;
General Motors Executive
BY the Assoeioted Press

SAN FRANCISCO, Sept. 2s.-Johr
Thomas Smith, 6S, vice president
and former general counsel of Gen.
eral Motors Corp, was found deao
yesterday in his downtown hote
room.
Mr.. Smith, native of New Haven
Conn, who lived in New York, was
found by his brother, Joseph B
Smith of San Francisco.
Mr.. Smith, who arrived here Sep.
tember "a on a business trip, com.
planned of stomach pains Saturday
afternoon at the Navy California
football game at Berkeley and can.
celed a dinner engagement thai
night.
He began the practice of law ir
New York in 1901 and was president
and director of General Motors
Shares, Inc; director of Underwood
Elliott Fisher Co., Ecuadorian Corp.
Ltd; Ethel Gasoline Corp. ane
Argonaut Mining Co., Ltd.
Surviving are two sons, Gregory
Green Farms. Conn, and Gerard
New York, and . daughter. Mrs
Bernard Stanley, Bernardville, N. j