davidaulloa/AmericanStories huggingface dataset:
Evening star., 1948-06-28
Initiation on March
Again, With Higher
Wages and Prices
By Riehord Fiske
Assoeiofsd Press Dusinsss Writer

NEW YORK, June 2s.-The pub.
lie is fighting . running battle
against imitation as l94S enters it.
second half.
The first six months had Just about
everything necessary to make them
among the most memorable and i'm
portant in the Nations peacetime
economic history.
There was a sharp drop In COM
modify prices In February that had
economists believing imitation might
be halted, and then q rise that car
ried them almost to prebreak peaks
Basic industries refused wage
hikes and reduced some prices fol
q while. Then, President Trumans
rearmament program came along in
March, imitation continued, prices In
creased, wages started up again.
The New York Stock Exchange
languished in the doldrums for days
on end. but a spectacular advance
In May carried the price level to the
highest in 81 months.
Now, at midyear, the Nations
economy is in high gear.
A third round of wage increases
is well under way. Prices-both con.
sumer and industrial-are moving
toward earlier peaks or above them
Construction costs climb as build
ing booms. The home buyer has a
bigger selection to choose from, but
houses are costing him more and
mortgage money is tighter.
Every one appears to be on buy
ing spree-mostly for automobiles
homes, food and gasoline, the Com.
merce Department says.
And more retail sales are on the
cuff.
The Federal Reserve Board says
consumers are using more Of theil
savings, and estimates about one.
fourth Of consumers will spend be.
yond their income this year.
Generally, union labor has KEEP,
up with the dizzy chase of wage.
and prices. General Motors broke
the wage line and others granted
increases Of around 8 to 10 per cent
But the white collar workers have
fallen behind and the fixed income
group-those living on pensions o,
investments-are going into debt
Management hesitates to add to its
fixed costs, wondering how long the
boom will last.
Increased prof1uctiOn has brought
an almost record employment level
and some industrialists fear labor
shortage by fall. Passage Of the
draft bill by Congress will have a
tightening effect on the already
tight labor market.
Behind the stepped-up spending
and increased production lie:
The wage hikes. the rearmament
program and the European Recovery
Plan.
Most economists and businessmen
Evening star., 1948-06-28
Chicago Grain

CHICAGO June ss R.aorsins, ellissd q
today. Eettine back GOOD deal Of the
At one time prices were down around
2 cents with the July contracts showing
widest declines. Deferred deliveries dis
played more resistance to the early, sell;
ing and 1t was these contracts which led
the late rally: Much OF the late buying
Easiness in the spot market was one
factor in the downturn of Puly contracts
early There also was some bedsins pres
sure against wheat
Wheat closed to 2hiGher. July. 2.31 "a
q: corn was 1ss lower to 13s higher. July.
2.20h; oats were ~ lower to "a hisher
lower at 4 0a
Chicago Cash Market.
a.3OH- -331s; No. 2, 2.3O-33: No. 3, 2.29s4-
3O34; No. 4. 2.2s-29; No. 8, 2.33; sample
grade, l.e7 oats, Nc 10 !. ! heavy o mixed .xtt!
heavy mixed, 1.0412; No. ! heavy white.
.O5La a-O6: No. l white 994-2.O4 No, 2
heavy white, 1.O6: No. 2 white. 97ie-
j 90; No. 3 heavy white, 9sK.; No. 4 heavy
white. or; sample grade white, 90-93N;
No. / heavy special red; Lon Barley
6S. Soybeans. none.
Evening star., 1948-06-28
Market Averages
New York Cotton

NEW YORK, June 2s dP.-Cotton fu:.
lures were easy today under pressure OF
liquidation in nearby July which unset
tied the balance Of the market.
The current selling furries at one time
depressed prices Is much as $3.50 bale.
The market later recovered partially on
short covering and mill buying which met
only limited offerings.
There was = good deal Of switchins
the belief that export business in cotton
will not develop in volume until the fall.
Crop reports were generally favorable,
with q forecast of scattered showers in
East and west Texas where the cotton
belt IL in need OF more rain.
Later afternoon prices were 80 cents
close; july. 35.4O; october. 32.7s. and
December, 81. 2.43.
Evening star., 1948-06-28
Capital Bank Deposit!
Show Little Chance
From April Call
By Edward e. Stone

In anticipation of a condition cal
by the Controller Of the Currency ir
the near future 1t was learned today
that deposits in Washington's Is
banks have changed but little since
the call dated April IL.
Bank officials said that deposit!
have decreased at times IN the laS'
three months and have come bach
after each decline. They are sale
to have fiuctuated more than usua
in the second quarter. The midyeal
total will not be far from the Apri
figures.
Deposits in the Capitals bank.
and trust companies on April l:
amounted to s1,o20, ,425,7s7, which
was a decrease Of $3,201 ,24s from
December 81. 1e47..
Liquidating Dividend Paid.
A liquidating dividend OF $40 q
share on the common stock OF th&
American Co. was paid today. ir
addition to a $50 payment made
some weeks ago. The checks are
payable through the trust depart.
ment of the Liberty National Bank
The American Co.'S Offices were
formerly at BOT Fifteenth street
NV. Last November the stock.
holders voted to liquidate the com.
pany. The SO preferred stock was
liquidated in February. The Liaui'
dating Committee includes James
M. Johnston, Thornton w. Over
and Leon Tobriner.
Possibility of another dividend or
the common is indicated. The stock
is sold over the counter, the bic
in The Sunday star being S45 q
share. After deducting todays SAC
payment, dealers believe at least
IS more per share will be forth
coming.
Real Estate Very Active.
The Federal Home Loan Bank
Board has reported that real estate
financing in the Nation IN April
remained at peak levels. In the
first four months Of the year, the
total of $685., 100000 in estimated
financing represented an per cent
gain over the same period.
In the four months, building and
loan associations made 80 per cent
of the loans, banks, "a and indlvid-
uals 18 per cent Mutual savings
banks recently increased their total
loans notably.
Sixteen representatives of the P. d.
Sleeper agency of the Aetna Life
Insurance Co. will attend regional
meeting at the Greenbrier Hotel,
White Sulphur Springs, July 7-lo.
Among those attending will be: ).
C. Adams, Elmer L. Ayres, Edmund
M, Crump. H. Cochran Fisher. Frank
l.. Firth, Henry B. Mcclure, Howard
Nordlinger, Burton E. Robinson,
Victor o. Schinnerer, Freeman N.
stricklin, P. D. Sleeper, M. G. Beede
and J. H. Neill.
Atlantic Coast Line Net Up.
Net income Of the Atlantic Coast
Line Railroad for May totaled
s57l,4le against 5000 in May, ls47'
Net income in the first flve
months amounted to $6.359,64s in
comparison with $4,74o,s3o in the
like 1947 period.
Heard in Financial District.
The Virginia Bankers Association
has pledged its support in the estao-
fishing of graduate school OF COM
merce and business administration
at the University of Virginia.
Howard Moran, former vice presl-
dent of the American Security d
Trust Co. has been visitor In the
financial district.
Evening star., 1948-06-28

NEW YORK crTI
10 30 1oA
FOREIGN 2::l
Australia - IS 1o1A
Bslsium 6lis&o 1oo%
Brasil 81 II st -
Copenh AS IS Ton
Denmk 6tss IS 7A
ItalpuU 1-Ss n 11l
|Nex4s04asd64n 0A
Peru lst o. 90 19s
Rio deJ6tssb3st 11N
Sac p Ot 81 6Ost -
urss ~ 4hs 70 7N
DOMESTIC s:SA
AmAiriiass3s6S A I'm
AmkkF p 6s2030 ~
Am TAT 23ss67 1133t
Am T&T 2Ns61 1o7M
Am T&T 2szs75 %
Am T&T 2Ass2 9AN
AmTohac s62 1o1N
Ati Duy 1st4s48 -
Balt&oh $3.50 S7A
Halt&O &O6sK2000 ~
B&o CIV 41a2010 51A
Beth Stl gas 20 oo3A
Bost Ne AVS 20 5Sh
Can Pac Il perp S34
Cent Ga s. sec 12A
Cent da1st5s45 o
CenPac1st4sz0 lo2pfl
Cn RR NJ IS 81 70
cn RR NJ Is 81 90
c B g. @ 3hss So loo3A
Chi&E / inc 81 46
ChiI&L4 la20O3 53N
CMStP4 as2O44 5oA
Chi&NW 4hsp9 70
CRHin4 kas2Ol9 05A
c r / d r Is "a lo5Z
Gin GEE 2As75 -
cccstL 4lss n -
Col q 30 4MsS0 -
Cons Ed cv 3s63 1oo5l
Del Lk&W in93- 62H
D&R0W 3-4s93 91A
DER in 4h201s S6it
DwChem2.33s e7Z
Erie 4las 20l6 "
Fla = est 81 "a 6ol<
Grt Nor gas 81 -
GrnD6W deb B ~
q MAO 2044 a 6AlA
Evening star., 1948-06-28
FOREIGN Exchunqe

NEW YORK. June 20 R.-roIeisn e..
change rates follow Great Britain In
Canadian dollar in New York open mar
ket, 9/16 per cent discount or e3-43'A
United States cents. up 1n.
changed; France tfranc). .32 1915 OF Q
cent, up .0Ot., Italy Qiral; June nxed
-ate 6o173 May .o0I739; sweden
fkrona), 27.S5, UNCHANGED; switzerland
ffrancJ (ccmmerciaD. 23.40. unclaimed,
Latin America-Areentina free Il oon'
up .O4 Of a cent: Brazil free. $50, un-
changed; Mexico, 20.6l. unchanged.
=, Mammal
Evening star., 1948-06-28
Business Briefs

Rubber Consumption OF American
plants in May totaled 87,S26 tons VS.
1921 in the preceding month ano
p1.7lO in the same 1947 month
Rubber Manufacturers Association
Use Of natural rubber was 52,424
tons VS.. 5o,65l in April and 43,olS q
year earlier.
Bank Credit Trend in the first
four months of l948 did not indicate
a serious inflationary threat-Na.
tional Association Of Manufacturers
"It seems doubtful If there is any
convincing reason at this time fol
additional controls" the NAM re.
ported.
Radios in Working Order are
owned by 942 per cent Of all Ameri.
can familles-Broadcast Measure
ment Bureau. The number OF radio
families was estimated at 1888 ZOO
an increase Of 3.8 per cent from 8
year ago.
Permanente Metals Corp. Offering
of 100000 shares OF capital stock
will be marketed this week, despite
the threat of litigation involving ar
affiliate of Permanente, 1t was an.
nounced by First Boston Corp. ano
Dean Witter e. Co. who head under
writers.
Deep Rock Oil Corp. has acquired
more than 75oo of the stock of Sloan
e. Zook Co. for around $l0,OO0,O0O
Sloan g. Zook has pioneered in sec
ondary recovery OF crude oil through
water flooding,
Texas Gas Transmission Corp
stockholders approved an increase
In common stock to 100000 shares
from 1000 900 and authorized 100000
shares of s1O0 par preferred stock.
Mullins Mfg. Co. will spend $27S,
900 this year to modernize its plants
1t Warren and Salem, Ohio.
Nu-Enamel Corp. announced that
directors on June Is decided not to
declare the common dividend usual
ly due at this time. The company
paid Is cents April 20.
Outlet Co. declared a dividend OF
k125 common share, payable
August 2 A like amount was paid
May !.
Wesson OIL & SnOwdrift, Inc,
earned s11 1.646,92l or $l8.47 COM
mon share in nine months ended
May 81 VS., Sl0,945 ,655 or sl727 a
year earlier.
United States Plywood Corp.
profit for II months ended April
30 was $7,6O6 900 or s528 VS. S.
s89, 800 or $37l in the previous year
Atchison, Topeka e. Santa Fe
System net income for five months
ended May 81 was sl8,093,250 or
$3.50 VS.. s15,594, ,233 or s5.36 in the
same 1947 period.
New York Central System report
I'd a deficit of $3,029,5 9,566 in five
months ended May 81 VS.. net income
Of s1,696 ,805 or rs cents a year ago
Virginian Railway earned ST.
o69, ,347 or $1.10 in five months end
cd May 81 VS.. s3.372,l41 or s2.14 a
year earlier.
Western Maryland Railway net
income for five months ended May
81 was $2,104.043 VS.. $2,133,886 II
the same 1947 period.
Electric Power e. Light Corp. anc
subsidiaries earned $9,240.588 II
three months ended February % VS.
e6.485,573 year earlier.
public Service Co. of Indiana hae
net income of S2,707.865 in flv.
months ended May 81 VS.. s2.6l7 ,83s
In the same l947 period.
General Electric Co. elected r. I
Parker commercial vice president t.
succeed w. o. Batchelder, who vii
retire after 43 years with the com
pany.
Evening star., 1948-06-28
\ SMALL supsir ApvfRrlsINe

- whot mokss akk? How con .moH sds gain
" highest visibility? How long Do impressions sTltk'
a How con smell uds build point-ef.sols sssspton.,
q How should Yev bsdssi? Ask 10 see ouf prsssniu
& fien-"SDA ond Hsx b Pays" fods! Figures!
- osfoilsd ee.e histsdes. Many types Of business,
r. IRWIN SHApiRo ADVERTISING
-" iass tst tsfaEtrH.- W. srtaltNe sis
Evening star., 1948-06-28

tHud6M RI 81 81 S3M
'iHudd<M in IS 81 A
II c u So ---- 107A
II @ RI q b6--- 1@N
II @ 4As 90 e0h
lICC etL IS 63 A %
| Int0tNor g. Sc 81
lint @ N 1st6s52 -
lrntHydro4l6s44 0N
kan c Sou 4s76 1ot
lLeh vi HIT Is 81 06
'ILshvalz1as200S ~A
iLeh Val ks200Ss ~
tLot1g III RI 4s4a 1ol
MKT 81 81 A o2A
MKT - SO D ga
mo Pae Bhs 90 2eA
Ao Pae 81 o6 A -
mo Psc 30 77F eM
mo Pac 81 - q o7M
mo Pae sn u 75 ~
lNorris&Ex sass d
lMoris&E 41ss66 -
MAT Steel 3s IS 1o30
n o T n 50 81 e2h
in o T NJ s. Sc = Dan
NYC RI Is 20lS D9t
lNYC 4hs2o13A 7lA
lNYcLe 3iss o. SSA
INYNHin4hsf22 A94t
i lNYNHH 4s2007 7oA
'INYOw RI A. 82 10z
NY 6W RI Is 81 -
N z Tel 3Hss 70 1o3N
In Y Tel 2A4s SO %
Nor Pac IS 2047 65k
lOx&LkCh 4s ~ 1Azb
lPacT&T gas SO 97M
PennRRg4AsS1 lo1z
Peo&E inc 4s90 2o3t
|StLSF 4hs2O22 90
StLsanFrn4s97 eeki
Seab in4lzs20lo 7oA
lShell On 21ss71 oS1h
lsocony-v2hs76 94lt
Sou Pae 4hs 90 S6
soPac4lssOr77 lob
So Ry gn As SO. %
Std OilNl2ass7 eAS<
i Texas Corp 3so51o43
| Third Ave 81 90 81
lWest sh 4S 1891 81
IWstchLt 3 y s67 1o7ih
| West Nd q 50 loon
IWest On 6s 81 oo%
,lWest On Is 90 o3N
'iWis Cn Is 36SD A1hA
Evening star., 1948-06-28
= Ohio Railroad

Gulf, Mobile & Ohio Railroad
earned $l,834,8l6 in five months
ended May 81 VS.. s2,000,943 a year
earlier.
Chicago, Milwaukee, st. Paul 4
Pacific Railroad reported net loss
of $736, ,785 in five months ended May
81 VS.. net income Of 81, ,461 ,265 . year
earlier.
Evening star., 1948-06-28

Gsurfy oaIss o. he E2eAsngs Ts1as:
II 200 N. 77o 900 1900 noon 4eo ooe
Inn {. "a, 0lo 900 2.sN o m 93o ooc
fIJnit Of trading, 10 shares. sIn pank.
ruptcy or receivership, or being reorgantzeo
under the 3ankruptey Act. or seeuritfes
diyidends in the foregoinS tabls are annual
dis5ursements based On the last quarterly
or semi-annual declaration Dnisss other.
not tnciudsd Z u dividend xr II rights.
. Also extra or extras. Plus stock diyi:
dend d Cash or stock. speelared or paid
mated lash value on e dividend date.
g Paid last year. b Declared or paid after
stock dividend or stock srlit.up. ( Aecum.
: Yayabie IA stock, exact cash value unee-
termined On declaration data.
Evening star., 1948-06-28

l VlS-
tAnac Wire 1e-..
,. Anchor Hook q
: Ander.Prich l.
|, Arch-D-A Ia
| Armco Steel 2b
!. tArmco etl pf4h
Arm mour&Co1. go
Armour Or pf 8
! farm CorkS4pr
Artloon. Carpt /
AMd Dry @ l.o0
tAsso d @ End Z
| Associat Inv 3.
Atcb T d 3 p o.
AT p Inc Ne
Atl Coast Line 4
Att G&W Ind 3g
Att Refining l Va
tAtl REIN pfA 4
.Atl Ref ofB3A J
Atlas Corp I 60
+Atlas Pc wd lie :
tAtlas Pow pf 4
Autocar Co Ae
Avco Mfg ,35e
BALD LOCO hse
Bait 4 Ohio
BALTIC & Ohio Of
tBang & Ar Of B
Barber Oil l 1l7e-
Barnsdall Oil Q
Bayuk Gig Naa
Beatrice Eds "a
tBeck Sh of 4a4
+Beech Greek 2
Beech-N p l go
Belding-H 100
Bendix Await Q
BndxHomeA IN
Benef Ind 1.20a
Best a Co Q -
Best Foods "a
Beth Steel ! 20h
Biglow-San i3e-
Blaw-Knox lss-
Bliss = W Q -
Boeing Airpl 1e-
Bohn Alum a4e-.
Bond Stores Q
BordenCo 1.20s
Borg-Warner T.
Brant6 Air -
Bridgept Bras
Brigss ManufG Q
Briggs&stra Ia =
Bristol-My soc.
bklyn On Gas
Brown Sh 1.20a
| Bruns.BAlke he
Bucyrus.Er zoe
Budd Co zoe -
tBudd Co Of 3
BulIard CO Me-.
Bulova witch 81
BurlihgNillS l u
9urr Add n 90.
Bush Term Nj.
Butler Bros ---
Butte c & 2 -.
Byers A N l2e--
Byron in 1.20e-
lCAL PACK 2iaa-
| Callahan Zinc
| Calumet6H Zoe
Campbell wy 1e
Can DRY GA go
| Canad Pac As !
| tCapitalAirlines-
Carrier Corp
Case ] I 1.60e
CaterpilTract 3
Celanese Crp 1e
Celotex Corp 2
Cen Asutr l 60a x
Cent Fndry i4e,
CentHudGas SO
Cent r r N j
Cent Rib NJ d0a
Cerro de Pas 1se
certn-td Pd 60a
Chain Belt soc
Champ Paper Ii
Checker Cab
Ches q Ohio 8
c & o Of 3h
Chicago Cp so
Chi a. East Ill
Chi Il East III A.
Chi Great West
Chi Grt West Of
Chi Ind b L A
Chi Ind 4 L B
Chi Nil st PEP
| ChiMsP&P pf4s
Chi d n " Ms
Chi d N " pf B
| Chi Pneu Tool 10
| ChiPneuTS3pf3
| Chi r I g. P 31e-
Chi r I&P pf g.
Childs Co ----
Chrvsler 4
Gin @ d z 1.4o
| Gin Mill NJ / ~
CIT Finance 2
| City lee & r 2h
! Clark EQUIP .
Clev FL Ill / .65e
Climax NJ 1.@0
Clinton md = 40
Clopay Corr 70
Cluett Pbody lie
Cluett 2nd Of 4
Coleate-P-P %
Collins & AK l.
COLONIAL Mills ]
Col Fuel & Ir Ia
Col Fuel&Ir Of l
Col BrdcastA lie
Columb Gas go
Colum Pict ssf
ColumCarbo %
Col&S z 2.10e
Coml Credit 2.60
+Coml c of 8 go p
Coml Solvnt Ie
Comvl Eds 40
Comwl 4 south ]!
Cons Eds I go
Cons Edison pf6
Cons Grocer l
Cons Laundrv l
Cons Nat Gas 2
Cons RRCuba Of
ConsRetStr 90
Cons Text l. COB
Cons vuitee
Consum Power 9
Contain Corp 20
Cont Bakine I
Cont Can 34e
| Cont Dla Fiber ]
Cont fnsurance2x
Cont Motors
ContOilDel l 1ae
Cont Steel lie.
Cooper-Bess ]
Coprwld Stl 20
| Corn Prod 2.70e
Corn-Dub e so
CorningGlass "
| Coty Inc COG.
Coty Int zoe -
| Crane Co I .6os-
Crm Of VIII so
| Crown Cork hh
| Crown Eel 1.60e
| Crucihle Steel
| Cub-AmSug 1Ae
| CudahyPack,60s
Cuneo Press Ia
Curtis Publish
Cur Pb pr pf 3a
Curtiss-Wr Veg
Curtis Wr A lie
DANA CORP ias
Davega Strs Ia.
Davlsn Chm la
DAWN Pal I 80
Dayton Rub ! &C
Decca Record "A
Deere d Co ]
Deere pf LAO
Del & Hudson 4
Del L & W Ae
Den d RGW lie
Den&RGWpfloe
Detroit Ed 20
OetMichSto goa
havoc 4 r A 20
Dist Cp-Sea 60
Ooehlaf-Jar ] VI
dome Nm .67e- I
DouelAG a Q bag-
Dow Chem Sc
DoWCh I'd pf3k
Evening star., 1948-06-28
N. Y. Curb Market
sR cssEp EsSM SslE 1.Evcgs cLS:T Lsgr'

tREVf0US CLOSE
1lGenPlyvood 40 m
u Giant Yell q M 4
lGlen Alden c o zW
Hs| |Golddeld Cons W
tIHazeltine iae--. IS
q Hecla Min 1 1zh
q Humble Oil 1lae o.
q Imp OIL Ltd Va lAh
. Imp OIL Ltd rtwi 1As
lint Petrol ~ 12H
bl blKaiser-Frazer 1ol4
eIKirby Pet 2Qs-- 17H
AILsnston N ia zA,h
OIL Dew ~
tlLe Touruesu - 10
tlLons Star Gas / 77N
elLong Island Lts ~
tlLouis L d E Ia 77iA
Al NcClanahan Oh IA
4j 2Ih
Al kid West Crp of ~
b Nat Dsllas .20g ~
u N Jers Zinc 1Me 70
NIAGARA Hud Pr eh
81 Mag Hud D WV "
u Mona Elec1 goa ~
4 NorthropAir Ag 11M
4 Pantepec 1.2S-- 1874
Al Pennroad 40g-- 6A
tS| Pepperell 81 s.
tI tIPharisT6R .15e "a
Z Pioneer Gold 2hs
4 4lPittBess&LE IN -
4 Producers Corp 2lh
= R-K-o opt war IA
1 Ravtheon Mfg o,h
/ Richmond Rad 4
i, st Lawrence Cp oh
{ SaltDomeO Ihf IL
4 Sesal Lock 2h
b Select Indus 4
I Solar Airc .30e- 11h
4 Std Cap & Seal 12lA
Std Power q 1t. IA
Sterling Eng - M
, Tri-Contl " W. 81
4 Omit Airc Prod ~
: United Corp WV -
b,United Gas Ae- 20
4 Ut Lt6sRys .32s. 21h
: 10 3 Int Sec "A
lUt-IdahoSu.15e AZ
'VeneZuela Petr 6H
4 biWilson Bros Aae So
Z 4Winnipeg 81 ae 23M
iWoodley Pet 40 17B
Evening star., 1948-06-28
N. Y. Bond Market

0,:s.:asss K 4: .t A,sss'1s:ssn s. 1sssssnEss es.''.'
Evening star., 1948-06-28
Washington Exchange

PsoDles Ds' DRUG rug store r con com@1oo At ssh. ~
Potomac Elec Pwr com-SO 1T 13la, 10C
at 1914. so at 1914.
Wash Gas 81 rs pf-10 at 102, . at 102
Evening star., 1948-06-28

WORLD BANK
rntNH&p 3s73 - II
NEW YORK CITY
IN 40 loA
Evening star., 1948-06-28

Ol"uAShb W AZ
Sinclair OIL 2 -,
Skelly Oil 2l2e-.
Smith A o l7h =
Smith&Coron 2
SmithGSons "a
tSmith&S pf3h
Socony-VAc !
Solvay AM pf A.
SO Am Gold he-
SO Caro- E&G v
E&G cvpf2A
SeastQreyL 1.60
Sou Cal Eds l "
Sou Nat Gas Ia
southern Pac :
Southern Rwy D
southern Ry pfb
Sparks-W zoe.
Spencer Ksl .
Sperry Corp T.
Spiegel Inc
rSpiegel pf ~
Square D Co Me.
Souibb q Sons l
stand Brands 3
Std Gs&E S4pf
Std G&ES7pr Of
Std Oil Calf &C.
Std OIL Ind "a
Std Oil N Jer 1b
Sd OilOhio l "
Std stl Sprs hs
Sterlins Crug Q
Stevens J p %
Ste wart-War Ae
Stok-V Camp !
Stone&Web Ne
Studebaker Ae-
Sun Chem 60
Sun OIL ID =.
Sunray Oil 80
Sunray pfA LOG
Sunray pf B liz.
Sunshine N so
Superheater L.
Sup OF. Calf 2e
Sweets c A 1Ae-
Skift&Ce I o0A.
Swift Intl TO-.
sylvan Hec lao
Symina-6ould-.
TEAUTooRPH
Texas Co S.
Tex0ulfPro .36e
Tex Gulf Sui %.
TeI Pne Gao IL
Tex Pae 1T zoe
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Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-19
RecapitaIization Plan
ConditionaI|y Passed
BY the Associated Pres,

A Republication plan of the
Lehigh Valley Transit Co., Allen
town, Pa. was conditionally ap-
proved yesterday by the Securities
and Exchange Commission.
1t calls for retirement of tie COM
pany's outstanding $4,915, 900 re-
funding and improvement mortgage
bonds and publicly held shares OF
preferred stock. New common stock
will be issued in exchange for stock
called in.
SEC said 1t would give complete
approval of the plan If Lehigh VAL
ley agrees, within Is days, to change
a provision offering bondholders
certain securities in lieu. Of cash.
The Allentown concern is a subsid-
1ary of National Power 81 Light Co.
Other SEC activities:
Coleraine Asbestos Co., Ltd.
Montreal, filed registration of 300
600 shares of capital stock at $50
per share, Canadian currency
Money raised will be used mostly for
expansion.
Wisconsin Power g. Light Co..
Madison, Wis. filed registration of
100000 shares of $40 par common
stock, and 100000 of flrst mort
gage bonds. Proceeds will be used
for construction.
Greensboro Gas g. Electric Co.,
Mtneola, N. Y, subsidiary of Long
Island Lighting Co., received au-
thorization to borrow $4,000 from
two commercial banks. Funds are
to repay notes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-19
Chicago Grain

CHICAGO. Aug. 10 R.-Grains, soy
beans and lard recovered q bit today after
selling OF in early dealinss., The, re-
most contracts back to yesterdays close,
although September corn did get above
yesterdays finish.
During the early dealings new seasonal
lows were made by all lards, all soy
beans, December and May corn. and July,
1919. wheat contracts. The July wheat
delivery tmnbled more than in . thin
market. 1t rallied only slightly from its
low.
At noon wheat was ss-6h lower, Sep
TENDER 2.20h: corn was 13s lower to a
HIGHER, September 81 Isl oats were .
lower to % hisher, September 72b, and
soybeans were l to Ia lower, Novem-
Open interest in September corn in
creased during Yesterdays downturn. The
figure at the start of trading today was
%, $4,000 Bushels against 23.1 So 900
bushels at the start OF trading yesterday.
Chicago Cash Market.
red tough, 2.02A sample grade red touSh,
1873: No. 2 yellow hard, 2.19AA No. 3 yell
low hard tough. 2,13h: Corn. No. ! vel
low. I95-9712; No. ., 1851: No. b,
1895. Oats, No. extra heavy white.
1914; No. > heavy white, 7b24-T1hz; No. 3
heavy white. 75hs: No. 3 medium heavy
white. 1874: No. heavy special red, 76H.
Barley. nominal; mailing, 1.30-77; feed,
O5-30 SOybeanS, none
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-19
Stock Price Changes
Are Slight as Market
Continues Sluggish
By The Assoeiotsd Press

NEW YORK, Aug. 1s.-Security
traders yawned their way through
another slow stock market ses-
sion today while prices barely
stirred from previous closing levels.
Gains and losses were in fairly
close balance. Fractional changes
were the rule.
The news was again no stimulant
to broader market action, brokerage
concerns reported. The financial
district seemed to be awaiting re-
ports on the outcome of the four
power meetings at Moscow before
reaprraising the overall picture.
Higher prices were paid for United
States Steel, Bethlehem Steel, Re-
public Steel, Chrysler, >Woolworth.
United Aircraft, Consolidated Natural
Gas, Johns Manville, Santa Fe,
Standard Oil of New Jersey and
Paramount Pictures.
On the losing side were United
States Rubber, Sears Roebuck,
Schenley, American Smelling. Phillip
Morris. United States Gypsum,
Northern Pacific and Gulf Oil.