davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-25
New York Cotton

NEW YORK, Aug IS LP,-Cotton IN.
lures were steady in dull trading TODAY
Hedge selling was light partly due to The
fact that futures we're below the loan
levels.
Dealers also believed mills were buyins
spot cotton mostly for Immediately shin
ment, eliminating the necessity for hedg-
Ing. Onerings were absorbed principally
both sides of the market
Weather continued favorable in the cot
ton belt.
Late afternoon prices were UNCHANGED
to 65 cents a bale higher than the preyi-
Gus close. October. 30.65; December, so. 10,
and March 40 70
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-25
Business Briefs

Electric Power consumption IN
the week ended August 81 was
$500. 1888 900 kilowatt hours, COM
pared with 5,317,724000 the previous
week. The latest figure was 8.8ro
higher than a year before.-Edison
Electric Institute.
Lumber Imports in the first half
of 1948 aggregated 1913 300 900 board
feet. an increase of $50 over the
l947 half. Lumber exports totaled
329. 734,0O0 board feet, decrease
of 43oo--Commerce Department.
Commodity Credit Corp. has
bought 332.13O,000 pounds of flour
equal to 722,525 bushels of wheat
fpf delivery to West Coast ports in
september
Sinclair Refining Co. developed a
rust preventing compound called
RD-1l9 to be put in petroleum
PRODUCTS for inhibiting corrosion of
pipelines tanks, fuel lines, carbu-
retors and oil furnace nozzles.
Atlantic & Danville Railway
elected Earl L. Keister president,
succeeding Edgar Newgass. Mi.
Keister is superintendent Of the
Southern Railways Danyille divi-
sion at Greensboro, N. c.
Harrisonburg Telephone Co, OBJ
tanned authority of the Virginia
Corporation Commission to sell
100000 of 80 first mortgage
bonds to the Life Insurance Co. of
Virginia.
CrosIey Division Of Avco Manu-
featuring Corp. introduced new
compact refrigerator designed for
small Kitchens. 1t has seven
cubic-foot capacity and occupies the
floor space of the conventional four
couic- foot model.
H. L. Green Co. earned S2,0l0172
or S168 in the first half VS.. 1894
Isl or $167.
Mckesson g. Robbins. Inc. earned
es,74756l or S486 in the June 30
fiscal year. VS.. SO 694, $50 or $3.50.
Hercules Motors Corp. earned
1853, 1874 or 40 cents in the June 80
quarter, VS.. $330,s29 or S1.06
Reeves Brothers, Inc, reported
net earnings for the year ended
Junt 30 of S5,953,042 or 1923 a COM
mon share, VS.. S4,129,050 or SO SO the
year before.
Carrier Corp. earned $235l ass or
$3.50 in the year ended July 81, VS..
$2378,744 or 1882
Oak Manufacturing Co. earned
sl136,76o Or s2.52 in the year ended
May 81, VS.. ST 247.59S or s277.
Truax-Traer Coal Co. earned
e957,073 or 81 cents a share in the
July 81 quarter, VS.. s474,o27 or AZ
cents.
Tobin Packing Co. earned S1,897,.
Alb or 1920 in the 80 weeks ended
July 81. VS.. sl.75s,391 or s2.03.
Raytheon Manufacturing Co
earned S380,477 or 10 cents a share
IN the year ended May 81, VS.. $780,.
235 or Al cents.
Stewart Warner Corp. earned 81,
s74,601 or $145 in the first half, VS.
sl.366.872 or sl05.
Butte Copper & Zinc Co. earned
s74,s27 or IL cents in the June 81
quarter. VS.. loss of S4,427.
Norfolk & Western Railway earned
S19,367,6l0 or S335 in the sever
months ended July 81, VS.. sl7,263,
$50 or SAT-
Also for seven months ende.
July 81:
Delaware. Lackawanna & Western
Railroad earned S2,683, 749 or $685.
VS.. S2.378,744 or 1852.
Chicago g. Southern Air Line
earned s323,3o6 or So cents, VS.. a ne
loss Of S738.8a9.
Reading Co. earned $4,000 O
t5.23. W. 5000 500 or 1858.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-25
DC. Exchange 10 Ask
Authority 10 Trade
In Vepco Securities
By Nelson M. Shepard

OF special significance to investors
here today was the decision of the
Governing Board of the Washing
ton Stock Exchange to apply fo1
authorization to trade in the COM
mon and preferred shares of Vir-
ginia Electric 81 Power Co., one OF
the, largest and best known utilities
in this section.
Bernard J. NeeS, president of TIE
exchange, said application would
be filed within 10 days with the Sc.
curities and Exchange Commission
The Virginia utility maintains Of
fees in Alexandria and the proxim
ity of its service area-the rapidly
growing Virginia suburbs-shoulo
provide continuing interest in the
stock here, the governing board be-
lieves.
Stock Up Il Point.
Latest report of the company
showed there are outstanding 1885,
29l shares of common and 239,47l
shares of IS preferred stock. The
stock is listed on the New York
Stock Exchange and the common
closed yesterday at II, which was
10 above Mondays closing figure.
The application of the Exchange
, would be for unlisted trading pIivi-
leges in the company's widely dis
tributed shares,
Organize ton of Television Fund
Inc. first open-end investment COM
pany specializing i'll securities in
the field of televiSion, electroncS
and radio. is announced with the
Securities and Exchange Commits
sion.
Irving Trust Co. is Custodian.
The organization was effected by
group of business and financial
men headed by Chester D. Trip,
who is president. The irving Trust
Co. of New York is custodian of
the fund
An advisory board has been
named to keep the company posted
on developments in the television
field 1t includes, among other eX-
perts, George P. Adair formerly
chief engineer of the Federal Com
munications Commission.
Insurance Diplomas Awarded.
A group of employees Of the
Peoples Life Insurance Co. of 1343
H street NV. who recently ccm-
pleted special training courses. were
presented diplomas and awards at
a luncheon in their honor yeder-
day at the Statler Hotel.
w. w. White, secretary, in COM
mending the employees, emphasized
how important the professional
training course was in relation to
individual progress and general i'm
provement of service to the COM
munity. The Life Investment
Seminar, which the group attended
at the University of Chicago. is con-
Quoted by the American Life Con-
veiltion, the Agency Management
Association and the Life Office Man
agenent Association.
The course was attended by T. j.
Eoffsinger, E. L. Hogan, P. B. Settle
and r. B. Carter of the agency de-
partment; and by Managers j. A.
Patterson of Danville, Va, and E. F.
Hughes of Newport News, Va.
The, following from home Office
departments completed a six
month course as prepared by the
Life Office Management Associa-
ton: Mary D. Waldow, w. c. An
derson. j. J. Bartos, r. L. Conner,
r. G, Diepenbrock. w. j. Flynn, G.
Lescalleet, E H. McF'all, E. F. Mico-
demus, C. A. Sparks, J. F. Stlmac
and II p TjDton
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-25


IptBR&D 3s72 81 a.
FOREIGN $50.
Australia3hs66 Ola
Denmk BIAS So II
ItalPuU lbs IT l7M
Met Wat 5las50 loo1s
Mex IS asd As n IL
reru LIST IS 60 l5H
Sac p st SIS 5Ost 2eH
Urag aj 4Ms 70 o
DOMESTIC gao.
Am&F p $4,000 D1,A
Am Tat 2AE57 1lz
Am T&T 2As61 los
Am T&T 2s4s76 o4N
Am TOT 2sssS6 0eh
AmTobacco3s62 1o2A
AmTobScco3S69 1o2 .
AtlCoastL4 1ss641o2h
Att Dnv2nd4s4s 81
Balt&Oh 5sM96 6AN
BIO CIV 41a2O10 saw
Balt&Oh 4s75A 81
B & OPLE As 80 90
B&OSouDiv5ssO IS
Bang A en- As 81 95lh
Beth Stl 2As 20 974s
BufRoch&P57st ga.
Can Pac As perp 9Aih'
Celanese IS 65 lola
c Ga 41as2O2OB 81
Cent Ga As IS SEA
On RR NJ IS 81 69lh|
en- RR NJ As 81 56lhI
CMStP4 Ias2044 SPA
Chi&NW 4hss9 s.
CRPin4 1as2U19 81
C r I & P As "a los
CCCSL On Is 90 93h
Col g. So 41asSO 5lM
Cons Ed CIV 1853 lo7iA
Cons P gas rs 9olh
Cuba RI IS 52r. 32A
DIR in 41a2O1S 67h
bet Ed 3has So 1o7N
bet T T 4las 81. los
Erie ga 90 F. o.
NEUTRALITY-SUSPICIOUS.
Fla Z est IS "a So,Ai
ct Nor ga 50 -
GtNor 2hs2o10 7Ah
Houshld 234s70. -
Hud Coal 5s62A 95A
ICC StL IS 90 A 951k
ICCstL ( hs o3 eoit
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-25

Unless otherwise noted, special or extra
dividends are not Included. cid Called
x Ex dividend. xr Ex rights. Also extra
or stock. Declared or paid SO far tins
year. Payable in stock, estimated cash
value on ex-di-idend date. Paid last
dividend or split-up. kDeclsred or paid
this year. an aecumulative issue with
dividends IN arrears. Paid this rear.
taken at last dividend meeting. ) PAYABLE
h stock. exact cash value undetermined
On declaration data.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-25
New Record forthcoming
In Newspaper Advertising
BY the Assoeiefed Pysss

NEW YORK, Aug. 25.-Expendi-
lures by national advertisers for
newspaper space are headed for a
third consecutive record high, the
Bureau of Advertising of the Ameri-
can Newspaper Publishers Associa-
ton said today.
If the spending rate Of the first
six months continues through De-
cember, the total of S423, 1884 900 will
represent gain of lat per cent
over the 1947 figure. the bureau said.
1t estimated about two-thirds of
the expansion would be due to great
er lineage, and one-third to rate
increases.
Total newspaper advertising line
age in So cities in July amounted
to ISL ,42S, 697 lines, an increase of
Ill per cent over the same l947
month, Media Records reported to-
day. For seven months of 1s48 the
total was 1,225, 235 646, a gain of
AS per cent over 1,096, 484, 059 in the
same period year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-25
Georgia Pacific Plywood & Lum-
her Co. announced that the e,,tire

OeOrgla-faclnc FlyW0Od IL Lum-
Der Co. announced that the entire
issue of 100000 shares of convertible
preferred stock has been converted
into common.
American Smelling & Refining
Co. declared dividend of $3.50 on
the common, payable September "A
to holders of record September 8.
February. May and August pay
ments were so cents each.
A. E. Staley Co. cut prices on basic
corn products IS cents a hundred
pounds.
Carman & Co. earned s149,975 or
SO cents in the first half, VS.. $240,-
703 or 81 cents.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-25
N. Y. Bond Market

FURNISHED by the Associated Press)
LIST INCLUDES ONLY SELECTED ISSUES
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-25
N. Y. STOCK EXCHANGE

Furnished by the Associated PressJ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-08-25
Washington Exchange
SALES.

Potomac Electric Power common-lO0 at
l3i2 100 at 1871, 200 at 1917, 10 at
Potomse Electric Power $500 pf "A"-lo
az 43h.
woodward & Lothrop common-1O at 33.
1854, 100 at 1925
The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1948-05-27
Next Meeting Of
Local 86 Will Be
Held On June 9TH

Local Union sc swept through a
fast session last Monday evening
probably setting record. 1t seem
ed the meeting no sooner had got
under way until we heard the rap
of the gavel announcing adjourn
ment.
Although we had no urgent busi-
ness on hand to be transacted, the
small attendance was not very graf
flying. Could it be that the time
has arrived when members no long
er feel it necessary to attend the
meetings unless something special
is in order. If such be the case,
look out brothers, trouble lies
ahead.
Due to Decoration Day being
celebrated on Monday, we will not
meet again until June 7th. Shop
Committee chairmen must make
their report at this meeting.
We see by the press where Gen
eral Motors granted an 11-cent in
crease to their employees. Here's
hoping the Manufacturers in the
Ceramic Industry will follow suit.
We also like the clause in the con-
tract calling for further boosts if
the cost of living continues to rise.
The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1948-05-27
UAW-GM Tdlks Go On In
Shadow Of ChrYsler Strike

on the rest of American industrial
management and upon Congress to
effect a substantial rollback in the
cost of living"
"If the Ford Motor Company
were really concerned about the
public security" said Bannon, sit
would not have recently and unjus-
tifiably increased the prices of one
line of its cars $315 to $420. 1t GER
tainly can't blame labor cost on
that increase because there have
been no increases in labor cost"
Governor Kim Sigler ordered
state police to the Highland Park
plant of Chrysler when there was a
fight on the picket line last week.
The police have had nothing to do,
however, because UAW has made
clear its policy of letting non-strik-
ing office workers pass the lines.
General, Eugene F. Black, ordered
Meanwhile, the states Attorney
that UAW officers be prosecuted
under the Bonine- Trip law for
walking out without having the
Michigan State Mediation Board
conduct strike vote. The union
appealed to Circuit
Judge Theodore j. Richter who
Turn TO Page TavO)
The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1948-05-27
'Europedn transportation
Recovery Planned By ITF

London (LPA)-The March meet
ing in London of all trade unions
anxious to assist in the success of
the European recovery program
was followed last month by spec
ial conference of the Int'l Trans
portworkers Federation. H Id
in Luxembourg, its purpose was to
secure a maximum of cooperation
among seamen, railway workers
and longshoremen in their efforts
to make the Marshall plan work.
/, Over 800 democratic unions of
9etransportworkers are affiliated
with the ITF. Bert Jewell, the in
ternational representative of the
Railway Labor Executive Assn. is
the American member of IT'S
board.
The transportworkers spokesman
unanimously recorded their graft
tude for "the openhandedness of
the American government which
has offered economic help on
hitherto unheard of scale" But the
success of the program depends pri-
marily upon two things, the trade
unionists pointed out: "the support
given to it by the workers in the
participating countries" and "a
large measure of economic integra-
tion of Europe"
The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1948-05-27

In their own field, the transport
workers are not satisfied with pro
gress towards inter European CO.
Operation. "Since the end of the wal
no significant progress has beer
made in the organization of Euro
pean transport to further the eco
nomic integration of Europe"
Better connections with neglected
areas, standardization of equip
ment, repair program, planned
development of power facilities
used in transportation, and volun-
tary movement of labor to over
come shortages of skilled men are
necessary, the ITF pointed out. 1t
called upon it's constituent unions
to "press strongly for a democrat
ically constituted European Trans
port Authority"
The ITF leaders voiced their de-
termination to do all in their power
to aid democratic forces in the la
Dor movement throughout the
world, noting ITF's failure to work
out an understanding with the
World Federation of Trade Unions
whereby ITF might affiliate with
WFTU without losing its autono-
my. Material aid was pledged to
new non-Communist CGT-FO in
(Turn to Page Tsvo
The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1948-05-27
BULLETIN

Detroit, Mich.-General Mo-
tors Corp. granted 225,0O auto
workers a flat 11-cent hourly
raise and promised further
boosts if the cost of living con-
tinues to rise.
Detroit (LPA)-The auto wage
picture showed no signs of clearing
last week as 10000 Chrysler work
ers continued their strike and 225,-
0O0 General Motors employees filed
a strike notice with the State Med
iation Board. The United Auto
Workers intensified their bargain
ing sessions with GIN in an effort
to avert a strike May % when the
GIN contracts expire.
Action from the bosses side came
when John S. Bugas, vice-president
of the Ford Motor Co., proposed
that the auto workers accept wage
cuts to accomplish an objective of
public security" UAW Ford Di
rector Ken Bannon replied that
"Ford workers will be happy to
withdraw their demands for in
creases in hourly wage rates at the
Ford Motor Co., if that company
will successfully exert its influence
The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1948-05-27
Delegates To 1948 Convention

Calvin Bixby, Wallace Green
Charles Harris.
Local Union 53-Finishers, East
Liverpool, O.-Mattie McGill, Iona
Sproades.
Local Union 59-Kilnmen, Dip.
pers, Saggermakers, Sebring, o.
Charles Newton, Thomas Stahl, Ed
Barrett, Fred Booth, Frank Bueh-
ler.
Local Union 70-Minerva, Ohio
Abe Edwards, John Rourke, Mar
tha Cole, Sylvanus DeBee.
Local Union rs = Chinaware,
Buffalo, N. Y.-Dorothy Donovan
Edward Schuster.
Local Union 86-Warehousemen,
East Liverpool, o. James Ward,
Laird Christian.
Local Union 94-Warehousewo-
men, East Liverpool, o. - Grace
Hall. Mary McGown.
Local Union 80 = Chinaware,
Clarksburg, w. Va.-John Fazio,
Richard Frye, David Bevan.
Local Union 103-Generalware,
Erwin, Tenn.-Sam Upton, Homer
Richmond.
Local Union 121-Generalware
Decorators, Sebring, o. - Glenn
Flowers, Hazel Brown, Mary Weav-
er, Lets Jackson.
Local Union 122-Generalware,
Cambridge, o. James Coffey,
Harry Hunt, Lawrence Keats, AL
bert Van Camp Jr., Frank Camp
bell, Marie Adams.
Local Union 124-Decorators and
Decorating Kilnmen, East Liver
pool, O.-Clair Armstrong, Harold
Myrtle Hutchison, Rose
Stewart, Frances Greenwood.
Local Union 130 - Kilnfiremen,
Helpers and Trackmen, East Liv-
o. - Floyd Jividen, Cliff
Wilson.
Local Union 131-Battersout and
Mouldrunners, East Liverpool,
Turn TO Page ISeo)
The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1948-05-27

Washington (LPA)-The NLRB
will not conduct union shop cleo
tions in AMI of the 13 states which
prohibit union security contracts,
the board decided last week. In a
three to two decision the board in
telpreted Section lab of the Taft
Hartley law as a barrier to its
holding union shop polls in those
states, mostly in the south, even
when employers are agreeable to
the ballots being conducted.
Section lab of the 1947 union
batting law says: Nothing in this
act shall be construed as authoriz-
ing the execution or application of
agreements requiring membership
in a labor organization as a condi-
tion of employment in any state or
territory in which such execution
or application is prohibited by state
or territorial law"
Board members Gray, Murdock,
and Reynolds think that this consti-
tutes barrier against the boards
conducting elections to determine
the attitude of workers in inter
state commerce towards the union
shop. Chairman Herzog and mem
ber Houston pointed out that their
position amounts to saying that
Congress delegated its power to the
individual states making a state of
fense also a federal offense.
A trick point in the case was the
fact that involved was a food store
chain-Giant Food Shopping Cen
disappearing stores in Virginia
where there is a local law against
the closed shop and in Washing
ton, D. c., where union security
contracts are permitted. The Wash
ington and Virginia shops have con-
stituted single bargaining unit.
The majority ruled that the unit
for general collective bargaining
representation and for union secur-
ity contracts need not be identical.
So, the Retail Clerks-AFL will have
(Turn TO Page FiVe)
The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1948-05-27
Summer Schedule
Goes Into Effect
For Local No. 124

The attendance at the meetings
of Local Union 124 seems to be as
unpredictable as the weather Ir
fact the weather seems to gauge
the turnout. The weatherman gave
us break last Tuesday and as the
result the attendance was very
good.
Many matters were up for dis.
cussion and some proved quite in
teresting in light of the evidence
submitted. The proper procedure
was ordered taken to meet these
problems.
Conditions on the new kiln at
Hall China were again up for dis
cussion. While all kinks have not
yet been ironed out, progress is be-
ing made and we hope to reach a
satisfactory settlement in the near
future.
A letter concerning political edu-
cation was read and we heartily
agree one hundred per cent with
steps being taken to reward our
enemies at the polls on election
day. Every member of the Local
has pledged to cast their ballot for
friends of labor, regardless of par
ty affiliation.
A very interesting shop COM
mittee report was made from
Laughlin's and we are glad to see
the boys are on their toes.
Beginning the first of June, Lo-
cal 124 will meet on the first and
third Tuesday of every month.
Members are requested to pass this
word along in the shops.
Nomination and election of Off
GERS will be held at our next meet
ing. Come out and support those
you think best qualified to hold Of
flee for the next six months.-O.
c. 124.
The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1948-05-27
Coal Talks
Bog Down.

Washington (LPA) - Negotia
tions for a new contract for tn,
nations $4,000 bituminous Goa
miners broke down last week whei
coal owners insisted on seating
Joseph E. Moody, southern mint
owners spokesman over the OBJ
jections of United Mine Worker
President John l.. Lewis.
Lewis said that he was willing t.
bargain with Moody as representa-
tive of the IA separate souther1
coal associations which sent him t.
the conference, but he won't accept
the idea Of one man speaking foi
all of them at one. The UNIV lead
er pointed out that the IA groups
signed the l947 contract individual
ly, and their present scheme seems
to be forming "a holding company
Other mine owner spokesmen
have written the UNIV asking a re
sumption of the conferences and as
serting that under the rules no one
bloc can veto the signing of con-
tract between the union and those
associations who wish to sign.
Union delegates to the bargain
ing session noted however a re-
markable unity among the opera
tors over the question of Moody's
status.
Lewis himself placed responsible
lity for the outcome of the negotia-
tions on US Steel President Ben
jamin Fairless, George Humphrey
of the M. A. Hanna Co., and James
d. Francis of the Island Creek Coal
Co.
The business newspaper, the NY
Journal of Commerce, expressed
last week the hunch that a lot of
people have had for some time
that "big STEEP which owns 80 coal
mines will try to block wage
boost for the miners.
Referring to FairleSs' recent re-
fusal to talk wages with the United
Steel workers the Journal of Com
merce asks: "How can Steel say
no to the CIO and yes to Lewis 2"
President Lewis and other min
ers' leaders said last week that
strike in the coal fields would be
"tragic" but refused to comment
on whether or not they considered
a work stoppage likely.
The bituminous conference didn't
reach the point of the unions pre-
senting its demands to the employ
ers, and so far they have not been
revealed. They are, however, be-
lieved to include wage increases,
more employer contribution to the
welfare and pension funds, a short
er work week and some changes
in working rules.
In the courts last week the gov
(Tnrn to Page Taco)
The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1948-05-27
New Addition To
House GIost Kiln
At Nall China Co.

The Hall China Co., announced
plans today for construction of a
plant addition to house a new cir
cular glost kiln and provide kiln
shed space.
Excavation has been started for
the one-story brick, steel and con-
crete structure, which will match
the architecture of the plant
proper.
The Potters Lumber Co., holds
the general contract and the kiln
will be furnished by the Swindell-
Dressler Co., of Pittsburgh.
Containing close to 10000 square
feet of floor space, the addition
will be erected on the northwest
corner of the plant. 1t will occupy
as part of its site a section of
Maria st. vacated a few weeks
ago by City Council at the COM
pany's request.
The firm said actual construc-
tion work is expected to start
shortly. Addition of the kiln will
account for "some slight increase"
in output, the company said.