davidaulloa/AmericanStories huggingface dataset:
Evening star., 1948-10-17
FOB. Pricing Polls
May Help Congress
Draft Legislation
By ]. B. WoIIoeh
North American Newspaper AIlianes

North Amsrieon Newspaper Atlionee
NEW YORK, Oct. 16.-Business
sentiment regarding the recent su-
preme Court ruling which outlawed
multiple basing point pricing or de-
livered prices Is being exhaustively
polled with q possible view to guild
ing the forthcoming Eighty-first
Congress on legislation that will
remedy flaws in antitrust laws that
led to the decision.
In its reported survey Of the ef-
fects OF the ruling, the Commerce
g. Industry Association of New
York, Inc, stated that small busi-
ness and the consumer have been
hardest hit. ALI business, 1t added,
has suffered from the confusion and
doubt stemming from conflicting in
terpretations, and none questions
that the ruling has been disruptive.
Industry executives are generally
opposed to the Supreme Courts rul-
ing, q survey on Its economic ef-
fects issued by the National Indus
trial Conference Board has dis
closed. Many believe that the rul-
ing outlaws all freight-absorption or
delivered price methods. Until the
situation is clarified, 1t is felt that
fob. mill pricing is the "only safe
policy"
Some Industries Switch.
Several industries, 1t Is pointed
out by the NICB survey, already
have switched over to fob. mill
pricing on the assumption that the
ruling covers them. They include
steel, cement, refractory brick and
some chemical fields. Other indus
tries are reviewing their pricing pol
icies with an eye toward possible
revision.
Among the detrimental effects
which industrial leaders feel the
courts ruling will foster are a ten
dency to reduce competition, raise
costs and prices and dislocate estab-
lished industries. In the former re-
gard, 1t is held, distant producers
will be unable to compete with local
plants wherever freight constitutes
an appreciable portion of the total
price.
Railroads pending requests for
new rate increases would aid stra-
teg;cally located plants with no
nearby competitors to increase
prices to point where it would pay
consumers to order from distant
producers.
Small Firms Hit Hard.
Smaller companies, because Of
their typical one-plant setups, the
survey notes, would be less able than
ever to compete on national basis.
On the other hand, due to inf1a-
tionary conditions, "even companies
located across the street from a
supplier do not stand to receive
lower prices except in relation to
what their more distant competitors
will be paying"
Evening star., 1948-10-17
ADVERTISEMENT
HOW TO
MAKE MONEY
IN SPARE Time
A Word from The
WALL STREET JOURNAL

You are living in period Of far-reach-
ing changes. New inventions, new in-
dustries, and new ways Of doing busi-
ness are creating new opportunities for
men who want to increase their in
comes. Why not find out about these
things? You can do it in your spare
time by glancing through the pages Of
The Wall Street Journal. In that way
you will be turning your spare time
into CASH.
Because the reports in The Wall
Street Journal come to you DAILY,
you get the fastest possible warning of
any new trend that may affect your
business and personal income. You are
promptly and reliably informed on
every major new development relat-
ing to: Taxes, Prices, Tariffs, Indus
tries, Production Trends, Commodi-
ties, Securities, Marketing, Consumer
Buying, Labor, World Trade, Finance
and New Legislation.
The Wall Street Journal is the COM
plete business DAILY. Has largest
staff OF writers on business and finance.
The only business paper served by all
four big press associations. 1t costs $40
q year, but you can get Trial Sub
scription for 8 months for $6 Gn us.
and Possessions). Just tear out this
I'D and attach check for $6 and mail.
Or tell us to bill you. Address: The
Wall Street Journal. "A Broad Street
New York 4, N. Y. W510-17
Evening star., 1948-10-17
Tobacco Markets

RICHMOND. Va. Oct. 16 OP.-Demand
for old belt, fue-cured tobacco continued
to weaken yesterday. the United States
Virginia and North Carolina Departments
of Agriculture reported
Declines on the marts ranged from 80
cents to So per hundred The majority of
the declines, however, were from 81 to 81
below previous ouotation-and medium
the worst end of the price drop
Increases recorded we're more numerous
than they have been for the past few days
Z Yesterdays sales brought quite an i'm
provement in the quality Of offerings:
More soo6 nno me eua1esd qua weTe noted
Virginia Thursday crossed o sale OF
900 .090 pounds at an average OF $46.79.
United States Department Of Agriculture
figures for THURSDAYS sales were:
Evening star., 1948-10-17
Capital Securities
Over the Counter.

| over tne counter.
| The following bid and asked quotations
on WASHINGTON securities traded over the
counter represent prices at which one or
more dealers, members of the National
Association Of Securities Dealers, inc
would trade with the general public at the
time the quotations were assembled for
The Star as Of Friday noon Origin OF
any quotation furnished on request
Evening star., 1948-10-17

Rates of dividends in the foregoing
table are annual disbursements based on
the last quarterly or semi-annual declara-
tion Unless otherwise noted. special or
extra dividends are not included,
pt pd Part<paid ur Under rule. war War
rants. WV With warrants. XIV Without
warrants. a Also extra or extras. b Plus
clared or paid so far this year. Playable
in stock. estimated cash value % ex,ddvi::
dend date. g Paid last year. h Declared
K Declared or paid this year, an accumu-
lative. issue With, dividends In arrears;
Paid this year. dividend omitted. deferred
ing Declared 194S, payable In 1949.
y Liouidatins dividend. . Payable In stock.
exact cash value undetermined On dec
laratiou date.
Evening star., 1948-10-17
Decrease Is Reported
In Crude Oil Stocks
by the Associoied Press

The Bureau of Mines reported that
stocks OF domestic and foreign crude
petroleum totaled 226 ,202, 900 barrels
on October 8, q net decrease of 653,-
600 barrels for the week. Domestic
crude decreased 897, 900 barrels; for
eign crude increased 44,00O.
Daily average production was
5,535, 900 barrels, an increase of
$4,000. Runs to stills averaged $751;
900, an increase of 255, 1000.
Evening star., 1948-10-17
New York Cotton

NEW YORK, Oct. 10 P.-Cotton fu-
lures were quiet with price changes small.
The undertone however was steady to firm
as commission house and trade buying
found offerings limited
There were a small amount of hedges
placed IN the nearby deliveries. while
some mill buying came into distant con-
tracts.
The trade was generally inclined to
await fresh developments, particularly in
connection with the large movement of
new crop cotton
Futures closed 20 cents bale higher to
cents lower than the previous close
Evening star., 1948-10-17
Business Trends for Week

The following table gives imports
business and finance in the last week.
Evening star., 1948-10-17

Middlin spot, 3.
n Nominal,
Evening star., 1948-10-17
Dealers Clear Books
For Big Municipal
Bond Offerings
Nv the Associated Press


NEW YORK, Oct. l6.-Municipal
bond dealers made news in invest
ment circles this week as the market
itself today followed the narrow,
quiet path that marked most Of the
weeks sessions.
Favored rails made some limited
advances at the short Saturday
session.
Advances of around q point in
Norwegian loans gave a little life
to the foreign dollar list.
Rutland first AVS, ahead III at Is,
and Seaboard Airline income Aus,
up point at 72E4. were among the
stronger advances
Third Avenue Is were down IN
at SO, rejecting q company state
ment that present fares are made
quate. and Wabash 414s declined u
at S0h. Sales totaled $1,030,0 900
against $sl3,0Oo last week.
Supply Cut Sharply.
Municipal bond dealers came up
with set of interesting statistics
after giving their shelves a going
over to make room for some fairly
substantial offerings that are ex-
pected shortly.
And they did a good Job. They
had cut the floating supply Of mu-
nicipal bonds in the market to
about $50, ,000, 900 as the week began.
The figure was q reduction of
more than so per cent from the
$110 100000 of unsold municipals
they had little more than q month
ago. And 1t was way below the rec
ord top of SAT 1000, 900 they had un-
sold year ago.
New financing was the most
talked-of subject during the week.
There were couple of standout
performers, however, yesterday as
the week neared q close.
Pea Bonds Up 5 Points.
Pennsylvania Central Airlines
climbed points and held the gain
as talk circulated in financial circles
concerning possible merger involv-
ing Western line.
And Third Avenue Transit loans
dropped more than a point after
the management reported losses
have been running about $50,000 a
month greater despite recent fare
increase from to cents.
Investment bankers were urged to
step up the flow of private invest
ment funds, especially equity CAPT.
tai, to meet the estimated $50,00O,-
100000 industry will need in new
capital during the next few years.
Julien H. Collins, president OF the
Investment Bankers Association,
told them at a midweek dinner
meeting their sales methods lacked
vigor, originality and aggressiveness,
and that as result the insurance
companies have found more effect
i've ways of attracting investment
funds.
Housing Notes Sold.
The Public Housing Administra-
tion at Washington said II housing
authorities scattered all around the
country sold $26,560,0 900 of short
term notes in competitive bidding on
Wednesday.
The interest rates, they said,
ranged from lis to 1.22 per cent.
There are several outstanding
issues among the municipal offerings
being prepared-the offering for
which dealers have been cleaning
house.
There is a proposed 81. 500, 900 of
new Chesapeake Bay Bridge revenue
bonds and the New York City hous-
ing authority's proposed $50 0,000, 900
of bonds is on the calendar for early
offering.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
Bike Inspection To
Be Held Saturday
Project Sponsored By Jaycees
Is Highly Commended.

To protect the lives of night BIZ
cycling youngsters, the Safety Com
mittee of the Hagerstown Junior
Chamber of Commerce has instituted
a bicycle safety program, the high
light of which will be safety in
spections of bicycles, with reflective
"Scotchlite" strips being put on all
bikes which satisfactorily pass the
inspection.
The safety inspections will be
held on Saturday, October %, from
8 a. m. to p m. on the grounds of
both Woodland Way Junior High
School and South Potomac Junior
High School, and a second inspec-
ton will be held on the same grounds
on Saturday, October 80, during the
same hours. The purpose of the
two dates is to permit cyclists hav-
ing unsatisfactory bicycles at the
first inspection, to make the neces-
Sary repairs and then come back
for another inspection the following
week. In addition to bicycles, mo-
tor scooters of the Cushman Motor
Scooter Club will also be inspected
and scotchlited in accordance with
the rules established for bicycles.
Supplies of scotchlite strips will be
on hand for 500 bicycles.
Roland c. Hebb, chairman of the
Jaycees Safety Committee, said that
bicycles will be "scotchlited" to re-
duce, and possibly eliminate car
hits-bicycle accidents in this COM
munity. Evan Crossley, president of
the jaycees, spoke highly of this
project and indicated that the Cham
Der membership was in full support
of it.
Commenting on the bicycle safety
program, Hagerstown's Police Chief
Max w Richard, stated that he's
very much in favor of it and that he
is interested in anything that can be
done to make the city more safe
from the standpoint of pedestrians,
motorists and boys and girls who
ride bicycles
Bicycle dealers in this community
who have made possible the furnish
ing of "Scotchlite" by their generous
support are: Corners Garage, Del
phey's Bicycle Service, Domenici
Tire Company, Firestone Tire Com
pany, B. F. Goodrich Company,
Goodyear Service Station, Hagers-
town Cycle Company, Henson, Inc,
Kaybee Peoples Store, Inc, R. D.
Mckee, Montgomery Wards, Schin-
el-Rohrer & Co., Inc, and Sears
Roebuck Company.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
JAMISON'S
LEAGUE

The Marines dropped three points
last Thursday night to the second
place Air Corps and now lead by
only one point. The Air Corps has
a grand opportunity to go into tie
for first place, as due to an infrac-
ton of the rules, the game Navy
won from them on September 80
will be re-played the next time the
two teams meet in the schedule.
Navy, by the way, looked sur
prisingly strong on Thursday night
in taking three points from the fav-
ored Army five. They also had the
high single game score for the night
(549), just one point away from ty-
ing the leagues record. The Air
Corps had the high three-game set
(152D, Which sets a new record for
the league. u
Charles Moser had the high score
for the men with a single game of
IA and three-game set of 1868,
while Elizabeth Monninger led the
ladies with a single game of ia and
three-game set of 300.
Ladies 9O-275 Glass + q
E. Monninger, 1O5, 80, 114-3O9; G.
Mease, 81, 81; E. Davies, 103, "a.
Gents 1O5-32O Glass
C. Moser, Ill, 113, 144-368; R. Will
son, ITO; r. Witt, 105, 1882; H.
Brechbiel, 1872; C. Haynes, Ill, 49,
346; H. Gibney, 116; R. Kindsvatter,
ia; C. Dehart, 108, 117-320; ]. Bean,
III, lis; w Burroughs, 107, 119.
Team Standing
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
PRECIOUS STONE
LEAGUE

The Pearls won all three of their
games on Friday night and are now
on top, two games ahead of Tur-
quoise, who dropped three.
Mary Routzahn finally got her eye
on the head pin and came up with
high single game (126) and also the
high three-g game set (346).
100000 Glass
Mary Routzahn, 126-346; D. New
conner, 1O3, 114-3O3; V. Mowen, 1875;
S. Powles, 119; M. Hartzell, 112; E.
Reecher, 107, 1O6; A. Smyth, 106; R.
Martin, 105; K. Beyard, 100, 105; M
Schaff, 104; I. South, 100, 104; M
Caldwell, 1903; P. Flock, 1902; B. Kane,
101; P. Lehner, 100.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
BOWLING
Continued from Page 81
EASTERN STAR
LEAGUE

Although Mars lost two games on
Thursday night, they are still out in
front, three games ahead of Jupiter,
who won two.
Blanche Schwinger was the out
standing bowler for the week, when
she came up with a single game of
121 and three-game set of $780, Mars
and Neptune tied for high team set
when both had a total of 1888.
100 Or Better Glass
B. Schwinger, 121, 113, 105-339;
Margaret Hess, 118; Marion Hess,
116; N. Evans, Iii; M. Pitcock, 107,
1O3; D. Snapp, LOG, 1O6, 1O6-318; P
Palmer, 1903; K. Blenard, 102.
TaaHn STANDINGS
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
Team Standing
ST. MARY'S
LEAGUE
"wednesday, October 49,


The three-way tie for first place
was broken last week when the
Steelers won all three Of their games
to go out in front by one game.
Francis Mazzo had the high sin
gle game (134), but H. Jolliffe came
through with the high three game
set 1859. For the ladies, Stella
Malachowski had the high single
game (124).
100000 Glass
H. Jolliffe, 1863; F. Mazzo. 345; R.
Fratianni, 1877; T. Ham. 1874; R.
Zappacosta, 329; L. Malachowski,
1913; B. Ryan, 327; R. Ham, 312; R.
Basore, 300; F. Musey, 304; M. Eber-
1y, 303; F. Fratianni, Sol; S. Shiffer,
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
Team STANDING
Thanksgiving Turkey Will
Cost More This Year

That Thanksgiving turkey is likely
to cost the Maryland housewife
more this year than in 1947, accord
ing to poultry expert c. c. Warren
of the U. S. Department of Agricul-
ture. The supply of turkeys on
Maryland farms is down about 20
percent from last year, Warren said,
while feed prices have been the high
est on record.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
SPEEDWAY
LEAGUE
"wednesday, October 13)

"wednesday, october l3)
The girls on the Bowie team won
both their games last week and are
now only one game behind Santa
Anita, who broke even in their two
games.
R. Selby was the high bowler of
the night, with a single game of 116
and two-game set of 218.
100000 Glass
R. Selby, 116, 102-218; M. Wiles,
103-2 O2; NJ. Spiker, 1O2-202; v. Mar
tin, 10; D. Hoffman, 1909; E. Selby,
107; E. Barnes, 106; E. Right, 104; E.
Bentz, 101; M. Selby, 100.
Team Standing
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
Want Tax To Stay AT Two Percent

Want Tax To Stay AT Two Percent
A provision now in effect says the
Maryland state income tax will go
up to 2h percent next year. But
the Board of Revenue Estimates met
with Governor Lane the other day
and recommended that the income
tax stay where it is-at two per
cent. Thus, if the Boards recon-
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
Points
w. F. PRIOR CO.
LEAGUE
(Monday, October ~

The Tice team increased their
lead to four games last week, when
they won both their games from the
second-place Lewis team. The
Davis team took both team honors,
with single game of 447 and two
game set of 854.
D. Mowen took both individual
honors, with a single game of 1870
and a two-game set of 229.
80 or Over Scores
L. Byers, Ill; F. Minnich, 81; G.
Moser, 102; E. Henneberger, 96; M
B. Collette, 90; D. Mowen, SO, 100;
Dr. Jennings, 81; M. Koontz, 95, 81
Team Standing
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
Stouffer's Got EN-!

Yep, just pick up your phone and
tell us about your rubber stamp
problem, and we'll give you the an
swer - and the stamps in 48 hours
or less You see, we manufacture
'em! right here in our printing plant
-Stouffer Printing Co., "a North Av.
Hagerstown. Advt.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21

100; A. Jolliffe, lis; L. Shiffer, Ill;
L. Hoover, 1O7; j. Helmer, 1O7; G.
McCarren, 107; D. Cover, los; j.
Stevenson, 1O4; H. Sirbaugh, 1903; B.
Nose, 100; B. Fratianni, 100; P. Car
pegna, 100.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
Team Standing
WOMEN'S
DEMOCRATIC LEAGUE
"wednesday, October 49,

After last weeks bowling, the
Wolfe team was on top, two games
ahead of the second-place Cromer
team.
v. Keefauver and F. Keefauver
tied for the high single game when
both had scores of 1T, but V. Kee-
fauver was more consistent and had
the high two-game set of 213.
100 Or Better Glass
B. Dellinger, 1921; G. Baker,
HIPPO; L. Hewlett, 1903; D. Eavey,
1O7; J. DeHaven, 107; M. Besecker,
1903; L. Andrews, 101; M. Levin, 100;
V. Sneckenberger, 100.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21

mendation is adopted by the Legis-
lature, there will be no increase in
the state income tax after all.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21

You surely should if you find
cooking a bore and a chore. Ii
your present range has you all
shot and bothered" then by
all means see the new Magic
Chef /. -. with it's is improved
features for easier, better, and
more economical cooking.
Come in soon - see for your
self how a new Magic Chef, de-
signed especially for use with
PYRoFAx gas, can save your
time and money. Many models
to choose from on easy pay
ment plan.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
BEHIND
HOME PLATE
"Y" COUNTY
SOFTBALL LEAGUE
By DOUG STEWART
.,-.1esx=ser--.........s:.:.=--7oEoE

The annual banquet of the "Y'
County Softball League was held at
Rocco's on Monday night, with over
ninety members of the league pres
ent.
Following a fine chicken dinner,
handsome trophies were presented
to the Pinesburg Club for winning
the 1948 championship, and to the
Charlton Club, who wound up in the
league in second place. The Charl-
ton Club was also presented with
another handsome trophy by Sem
-McFaddin, for winning the play
off series.
The three trophies are now on dis
play in the window of the Hagers-
town Chamber of Commerce, togeth-
er with the trophies of the "Y'' City
Softball League.
During the evening". a standing
vote of thanks was given to Don
Klopfer, secretary of the league, for
LIlG llIlG JOD llC has AAOl1Cs
Junior Baseball League
At the second annual banquet of
the Hagerstown Junior Baseball
League, held in the Auditorium of
St. Johns Lutheran Church last
Thursday night, individual and team
awards were given.
The banquet was attended by the
boys of every team and representa-
tives Of the sponsoring organizations,
with the president of the league, F.
E. Snyder, presiding.
Gold baseballs were awarded to
the Moose team, who won the league
championship, and awards were al
so made to the second-place Jay
Gees team. One of the coveted
aWards-for the most sportsmanlike
team in the league went to the
Kiwanis Club team. Roy Funk
houser, of the Moose team, not only
won he award for the highest pitch
ing average, but he also won an
other coveted award-that given to
the most valuable player. Richard
Cline won the award for the high
est batting average, and Jim Cos
sard, Of the Rotary Club team, was
awarded the ball with which he
pitched the no-run, no-hit game
against the Moose team. The ball,
which will be one of Jim's most
highly priced possessions, was au-
tographed by every member of the
team.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21

We either back up those who are
fighting for the right or we just
back-up.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
Other High Scores

Jeanette Dansberger, SO; Blanche
Lecrone, 80; Betty Lumm, 81; Mir
lam Hade, 81; Betty Poole, "a; Alta
Sampsell, So; Jerry Schlosser, So;
Mary Seigman, 95; Peggy Snapp, 81.
Team Standing
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
Team Standing
LETTERS
LEAGUE

Eventide won both of their games
on Monday night, while the Famous
team was losing one, and as a result
the two teams are now tied for the
lead.
Alta Sampsell had the high single
game (96), and Betty Lumm, Betty
Poole and Alta Sampsell tied for the
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21

League when they won the fifth and
deciding game of the play-offs
against Hancock on Sunday after
noon This marks the third straight
year that the Boonsboro Jackets
have finished on top.
Football
I'm sorry to have to report that
the Hagerstown High School Hubs
suffered their fourth straight loss
in Baltimore on Saturday night
against the Southern High School.
The local lads held their own in the
first half, holding the Southern
team scoreless in the first quarter
and permitting them to score but
one touchdown in the second. But
the Baltimore boys had too much
for them in the second half, when
they picked up two more touch
downs in the third period and the
fourth and final score in the last
period
The Hubs meet the Martinsburg
High School boys at the Municipal
Stadium on Friday night, and who
knows but what this might be the
game in which they will break in
to the win column. Let's hope so
anyhow.
The lack of the educated toe"
cost the Maryland Terrapins their
first loss of the season at Griffith
Stadium on Saturday afternoon
when Duke beat them by just one
point the final score being 1872
But even though they lost the game
they actually gained in prestige, as
most Of the sportswriters gave the
nod to Duke, whereas apart from the
missing of the two extra points af-
ter touchdoWns, Jim Tatum's boys
could have easily won the game with
just a little break.
Make no mistake about it, the
Terrapins are still one of the best
teams in the conference, and
wouldn't be at all surprised if the
Duke game was the only one they
will lose.
In addition to knocking the day
lights out of the Washington Red
Skins Sunday afternoon by lop-
sided score of 45-0, the Philadelphia
Eagles also tied the all-time Ma
tional Football Conference record
for first downs in a single game
28-which, by strange coincidence
was made by the Red Skins against
the New York Giants last year.
The Red Skins were never in the
game at any time. and Sammy Baugh
came up with an all-time low for
yards gained by passing.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1948-10-21
County League

Boonsboro emerged the champions
of the Washington County Baseball
League when they won the fifth and
deciding game of the play-offs
against Hancock on Sunday after
noon. This marks the third straight
year that the Boonsboro Jackets
have finished on top.