davidaulloa/AmericanStories huggingface dataset:
Evening star., 1948-10-22
.SteeIs al New Peaks
As Market Responds
To Surge Of Buying
ey the Assoeio,sd Press

NEW YORK, Oct. 22.-A fresh
surge Of buying swept steel issues
to new highs for the year or longer
in an advancing stock market today.
The steels moved up fractions to
an extreme of points. Gains else
where ranged to an outside of about
3 points.
Rapid-fire turnover accompanied
the latest thrust ahead for Wall
Streets prediction market. Sales
for the first two hours alone totaled
100000 shares.
Today's gains put the general price
level just about where it was in mid
July and within shouting distance of
the years high established in early
July.
Financial quarters cited several
factors as responsible for the con-
ttnued advance: Optimism over for
|eign developments, prospects for a
Republican administration, excellent
reports from the business front and
strong signs Of a high level of eco
nomic activity for long time to
come -
National Steel took a sizable lead
with gain of S points at a new 194S
high. The automobile industry takes
a substantial share of the company's
products.
Also at new highs for the year or
more were U. S. Steel, Bethlehem
Republic Steel, Youngstown Sheet
Jones & Laughlin. Wheeling Steel
and Dow Chemical.
Evening star., 1948-10-22
Wholesale Price Drop
Of 2.3% Reported

A wholesale price decline of 20
per cent during the first two weeks
of this month on all types of COM
mcdities leveled off st the start OF
If this week. the Bureau OF Labor
Statistics reported TODAY.
Average wholesale food prices,
which in recent weeks accounted for
most, of the downward trend in 900
basic commodities surveyed weekly,
were practically unchanged during
the week that ended last Saturday.
Farm products. however, rose o.
per cent during the week. The
over all advance of average primary
market prices was OIL per cent, the
index showed.
Increases ranging from o. to SO
per cent were reported on cattle
feed, grains, chemicals, building ma
terials, iron and steel, fertilizer.
cereal products, lumber and agricul-
tural machinery and equipment.
There were decreases from OIL to
0y6 on some types of fruits and
vegetables, leather, crude rubber,
hosiery and underwear, livestock
and poultry, meats ana furniture.
Evening star., 1948-10-22
Produce Markets

Baltimore quotations. furnished by the
United states Department Of Agriculture:
Virginia. west Virginia, New Jersey and
New York, Golden Delicious, 2h-inch up,
Sssf isss Sinlum sGSs2s no srads Yartn ma5k RE-
s.s5:s 80; few, 200: staymans, % aan s%.ineh ua;
up, 800 3.S5; mostly 500; Romes, 2h-
nfs SooeMsIt.t feS :soas Sss ss.sSy seS 100
Pennsyivsnis, k.tahdins. used @ s sacks. I $50 8:
1sp.r s sssks nss 'iess ioSouns ,ssFs
g sl;s4; s j paper BAGS 4zpeek; cobSisr'' used
-, sS;ss 8 i Sss.sossM.Ek.t .eeu. steady: .
s sesss.a M:fs.as yrsai.. vt:ass D.ss.t. 2.
Pie6ogts; ISL 90; Porto Rieans; Virginia,
15-1 90: Virginia. white yan1s. $50.
Poultry-Market dull; demand slew: re-
fowl eccioredJ. 80; lat ale =: e-day
ducks. supplies in?ufieeieht to quote.
Flour-Receipts, Oils 100-pound sacks.
Wheat-Receipts. 234, 100 bushels; ship
msnts. 1000 bushels; stocks. 4.456,s61
aomsstic Sonsi So ossobsl 5ss sln'sf s f'Feky spot
ments, 5000 bushels; stocks. l22 2,O3s
oats-Receipts. 1a3.43s bushels; ship
ments, none; stocks, 4SO,514 bushels.
Barley-Receipts. nonei shipments, none;
stocks. 24,2OS bushels.
Rye-Receipts, none; shipments, none;
stocks. 1858 bushels.
Soybeans = Receipts, none; shipments
none: stocks, none.
Millfeed-Receipts. 3S6 tons.
Butter and Eggs.
Eggs-Market Arm on top Grades, steady
on others; demand good: receipts light in
top grades. Wholesale selling prices: A
large. 1918 A mediums. 59-63; A small
41-5s: 3 large; $3.50: current receipts.
keceipts@Butter. 2a,4s3 pounds; eggs
3,U1l cases
Evening star., 1948-10-22
Benefit Tea 10 Be Held
Al Walnut Hill Sunday

A benefit tea at Walnut Hill
country estate of Mr.. and Mrs. Jo-
seph L. Arnold, will be held from 8
to pm. Sunday by the st. James
Parish Council of Catholic Women,
Falls Church.
Proceeds from the tea will go for
equipment and furnishings for the
new $250,000 st. Tames' School, ded-
icated earlier this month by Bishop
Peter L. Ireton.
Visitors at the tea will be allowed
to tour the mansion, which over
looks a large part of Fairfax Coun-
ty. To reach Walnut Hill, visitors
should follow Route so from Me-
mortal Bridge about 7 miles, turn
left on Annandale road and drive
for 2 miles.
Evening star., 1948-10-22
Committee Is Named
For Navy Day, Oct, Il

A national committee for the OBJ
servance of Navy Day October o.
composed of leaders of more than
80 organizations, was announced to-
day by Frank A. Hecht, Navy League
president
In addition, to the organizations
on the committee, Mr.. Hecht said
many other civic. veterans and fra
ternal groups would actively parti-
cipate.
Members of the committee are:
H. Roe Bartle; American Wal, Dads;
Union; W; T. Gibbs, association Of Navs
Hasbrook. Blinded Veterans, ASSOCIATION;
Armstrons: 0o Boys Club f' Of America: Anne Iesii.
stratton. Boy Scouts of America; James
s. Hunt. Coast Guard League, James C.
tepher G. s.ndsrs ess Reserve
tion
n a'lss Mem RF0Yss H Ssss'
Julius ksn Jewish War Wi
+ Roy YoEe Loyal order Of Moose
Mrs Raymonds MaeGilliyFay. Marine
Mas. Marine Corps Reserve Assoc" ticn:
Capt. Harry R. zsiner. Maritime Brigade;
Col James A. Doherty Military Order
helm, jr.. Military Order Of the Worlt
Wars: Lester Granger, National Urban
Also. Adele Mead Kendrick. National
Yeoman F.: DR.. Royal J. Mashek, Navy
Club; r. E. McCerd Navy Council; D. s:
Walker, q. S. Naval Academy alumni;
William A: Read, Naval Order of the
United states; Henry j. Barrow. M. D.,
New York Naval Cadets; c, Milton Morris,
Reserve oficers' Association: Vice Admiral
H. @. Hamlet, U. S. C. G., retired. Retired
Ofncers' Association; Willard M: Kent,
knights of Pythias; Charles r. Barfoot,
United Spanish War Veterans: F. Ritter
Shumway, United States Power Sauadrons.
Evening star., 1948-10-22
Chicago Livestock

CHICAGO. Oct. 90 LPt (USDA).-salanle
hogs. 5000; total. $500; market slew,
mostly NO, :5 lower on butchers; closed very
around 25 lower: top $3.50 for few loads
choice butchers early, but most sales good
and choice 19O-2s0 pounds. 26.O0-26 rs:
late sales at $500; few 2SO-3IO pounds
and small number 160-1S so pounds. $500
800; most good and choice sows under
400 bounds. 24.0O-25. 90, few o525
heavier weights down to $500; good clear
ance.
salable cattle, 1000; total, 2. 800; salable
except .,:.r. &c common NJ to low-msdiam gI...
choice steers absent: two loads good 1901
pound fed steers. $500: load lots common
to lov-medium, e25-1 .075.pound srassers,
2Q.b0-24.0o; medium heifers, 1850
1890; medium and good beef cows. 1850
% 90; bulk Gamers and cutters, 1880
1878; practical top good heavy sausage
bulls. 1850; medium to choice vealers
81 .00-32. 90: stock cattle steady at week S
advance; load choice 575-pound yesrling
stock steers, 5000.
sal,ble sheep-l 900: total. $500; ma
er account supply small: most good and
choice offerings. - 50-25.25; culls and
common. l6.00-21 90; ewes easy: deck
good Western ewes to big packer. $50:
m.diun, to Eoo6 native ewes In odd lots
$500 80; small package medium year.
Evening star., 1948-10-22
THE EVENING STAR Washington, D C. ~ Ais
Prisoner Learns Law,
Talks Way Free, but
Police Rearrest Him

The hard-Won freedom Of Melvin
Leroy Shatzer, 24-year -old prisoner-
turned-lawyer, was. short-aved. d
The former Washingtonian had
hardly convinced the Circuit Court
of Wicomico County, Md, that he
was illegally jailed, before Prince
Georges County stepped Up and re-
arrested him on the same charges
for which he was originally COM
.nitted.
Shatzer, who once lived in the
1900 block of Pennsylvania avenue
Sc, was arrested in Prince Georges
when he was II on charges OF house
breaking and burglary. Sentenced
to five years in the Maryland House
Of Corrections, ne was released
in 1916.
Just four months later, Prince
Georges police arrested Shatzer on
new housebreaking and burglary
charges. Rather than wait months
for the grand jury to convene. he
pleaded guilty without indictment
and was sentenced in the county
Circuit Court to serve nine years.
He served part of the term IN the
State penitentiary at Baltimore, but
later was transferred to the House
of Correction, where he began to
study law At length he drew q
long habeas corpus petition request
ing release, and this week Judge
Lebin c. Bailey, sitting in the WI
comico court at Salisbury, honored
his claim of improper sentencing
before indictment.
! But Prince Georges officials were
waiting for him. The sheriff's office
rearrested Shatzer on warrant
based on nine indictments just re-
turned by a Prince Georges grand
jury.
The prisoner Is to be arraisned
TO-DAY.
Evening star., 1948-10-22
Milk Supply Drops
In Cumberland Area
ky the A,,eeiotsd Press

CUMBERLAND. Md, Oct. az
The milk supply reaching the Cum
berland area is about LOCO gallon:
short of normal, John D. Liebau
manager of the Queen City Dairy
said today. .sst.s. 3
He attributed the shortage to the
sudden cold spell and a decline in
production on the part Of cows in
the milkshed.
Mr.. Liebau explained cows had to
be moved from pastures and
changed to dry feeding. Cumberland
consumes 5000 gallons OF
milk daily and . supply is being
obtained from sources outside regu-
lar channels.
Evening star., 1948-10-22
Pair S Motive Sought
In Bath Tub Suicide
BY the Associoted Press

CHICAGO, Oct. 22.-Police looked
to a coroner's inquest today to shed
light on an illicit romance that
ended with the nude bodies OF
man and woman submerged in an
overfiowing bath tub.
Preliminary investigation uncoy-
cred no motive for the suicide pact
between Mrs. Jessie Beck. 81, Chi
cago, mother of two children, and
George Reading, 40, Detroit pre-
cision machinery salesman.
Clasped in embrace. their bodies
were discovered yesterday in the
bathroom of a suite in the Croydon
I1otel in the Near North Side night
life district.
Anthony c. Prusinski, chief dep
uty coroner, said they apparently
swallowed pills from several bottles
found in the room, entered the tub
and turned on the water. The trag-
edy was discovered after water seep-
ing through a ceiling attracted hotel
employees.
Mrs. Beck was to have obtained a
divorce today from Clarence Beck,
a Dayton, Ohio. shoe salesman. She
planned to marry Reading as soon
as possible after obtaining the de-
cree -
Evening star., 1948-10-22
Two Seized in Plot
To Extoit 100000
From Steamship Heir
Rx the Assoeiated Press

New York, Oct. pa plot to ex-
tort 100000 from Edgar F. Lucken-
bach, jr.. heir to-a steamship fortune
and "angel" for Broadway shows,
was disclosed today by police. j..
Detectives said the scheme had
been broken up with the arres. OF
two men, one of whom admitted
sending an extort.on letter.
Detectives seized one of the men
last night outside Mr.. Luckenbach' S
East Side hcme, after Mr.. Lucken-
bach emerged with ra-kaee pu1-
portedly containing the extortion
money.
Contribution" Asked.
Mr.. Luckenbach, now %, inherited
two-thirds of $10,000,O00 left by his
father at the latter's death in 1943.
He has backed several Broadway
shows al 1 produced two under his
own name.
Detectives said the letter received
by MIR. Luckenbach Monday at his
home asked a contribution OF
500 900 and implied "it would not
be well" for him if the money were
not paid.
The two men picked up were
identified by police as Anchel
(Artie) Stolzberg. 81, of New York
and Dale Neidich, "a, Of Yonkers
N. Y. They said Stolzberg admit.
ted writing the letter and that
Neidich was the man seized outside
the Luckenbach home.
Police Capt. John Mccoy sale
the letter to Mr.. Luckenbach, which
was sent through the mail. wa.
followed by several telephone call!
with further demands for payment
Only SIS in Package.
Mr.. Ll,ckenbach made appoint
ments to meet his callers, but NJ
one appeared, police reported.
Last night he agreed to take tn
500, 900 to q designated spot, al
though the package he actual,
carried contained only SIS and
batch of papers.
Detectives. waiting at the spot
saw Neidich lettering nearby ant
arrested him. Neidich then LEI
them to Stolzberg, they reported.
Evening star., 1948-10-22
Man Held in ST 500 Bond
In SIushinq of Woman

George Hurley, "a. Of the 1900
block of Quarles street NE, today
was under $500 bond awaiting
grand jury action on a charge of
assault with a dangerous weapon.
He appeared yesterday before Judge
Walter ]. Casey in Municipal Court.
Hurley was arrested September
% in a restaurant in the HOG block
of Fourteenth street NAW, on
charges of stabbing Mrs. Elizabeth
B. Pocock, %, in back room of the
restaurant.
Evening star., 1948-10-22
Chicago Grain

CHICAGO, Oct. 90 P-Most grains
slumped a bit in nstiess dealings on the
Board of Trade today. Wheat however,
scored moderate gains on nve,day
was little or no chance of moisture in
the Southwest wheat belt.
Easiness in cash corn bids was q factor
December contract lost the most ground
Dealers said bids for cash corn were down
terday Bookings totaled around 100000
wheat at noon was A-ss higher: De-
December. 39h; oats were h-ss lower;
December. 75b: soybeans were " lower to
z higher; November, 2.48.
goes of American corn. bringing total pur-
chases this week to five .carEoes. This was
equivalent to 100000 bushels.
Evening star., 1948-10-22
New York Produce

NEW YORK, Oct. 90 OP.-Butter. $685.
|37s: firm. Wholesale prices on bulk car:
tons: Creamery, higher than 90 score and
premium marks (AAo, SO: 90 score "a,
New tubs usually command "a cent q
pound over the bulk carton price)
Cheese, 3O3,421; steady, prices un-
Wholesale egg prices were lower today.
with easiness pronounced in nearby
grades. Receipts totaled 9,so6 cases
Spot quotat tions follow:
Midwestern-Mixed colors, fancy heavy
weights. 1913; extra large, 79.71
extra. 2 large, 5s-6l; extra ! medium
4s-4S: checks, 42-43.
whites-Fancy heavyweishts. 1919;
extra ! large, 1914. extra large. s9,84 s;e1I
60-6o; pullets. 47-4q.
Browns-Fancy heavyweights. 54-55;
extra j large, 71-73: extra . large. 60-6";
extra l medium. 57-5S.
Evening star., 1948-10-22

as SO loeN
FOREIGN 1:16
Antioa LIST rs 81 >
Australia S. IS lo1h
Braz6ha 26-57st A6h
Chile 6s 60asd IS
Chile 6sJan6l Q as
ltalCCns 1887 u
TtalPuU l-3s ~ 1lX
Italian lst 3s77 16h
Netherln 3A 81 SAA
Peru 1st 6s so 16N
DOMESTIC 1:1S
Am&F P 5s2O30 S3h
Am T&T 2s4s57 l11A
Am T&T 2As6l lo45A
Am T&T 2As rs o3M
Am T&T 224ssO S1h
Tobacco3s62 1o2
Tobaeco3s69 lola
All c. lst IS 81 lc3s
Atl DIV lst4s4a s4,A
Att Dnv2nd4s4s 37i1
B&O CIV 4la201O S2M
Beth stl gas 20 97M
Bost Me 4hss 20 81
Can Eat5s6gOct 1o7st
Can Pac As perp s@4
C Ga 4ha 2020B 6o,h
Cent Ga As 95 6e.s
Cn RI NJ IS ~ 63h
Gao 3las 90 = 80
CMStP4Ias2O19 73k
Chi&NW 4hsaa 62ih
cRIPin41as201a 93iA
Chi&W ! 44s62 1oA
CCCSL 4ias n TN
ClevUnTr5Has721o7
Col g. So 4lass0 -
Cons I'd cv $3.50 1ook
Cons Ed 2s4s Sc eA
Del L&W4s2042 50
Del p d L IS 73 1oo1t
DetEdison2As2 e6A
Erie 4las 2015 6oM
|FirestnT&R3s611o3
G M&O 2044 B 62h
Hud Coal IS ga 96A
Hud&M in IS 81 a.
IIC As So 1o3
ICc StL IS SO A o7N
Int G N lst6s52 1914
IntHydroEl6s44 81
lLautro N inc rs 81
Evening star., 1948-10-22
Increased Production
Is Only Solution for
Initiation, Riley Says
By Edword G. Stone

The only solution Of OUR present
difficulties caused by the imitation
ary spiral is more production on the
part If individuals. John A. Reilly
president of the Second National
Bank told the Rotary Club of Win
chester yesterday.
Reviewing the causes Of imitation
he said that for 16 out Of the last
1s years, nearly a generation, the
Government has spent more than 1t
took In. This spendthrift policy has
saddled us, he stated, with public
debt in excess of $3.50 ,000, 900 900.
Outlining imitation remedies, he
declared that individuals must stop
wasting their present savings by
buying things they do not need
Government deficit spending should
be discontinued; the public debt be
managed prudently. management
and labor must act together to step
up productivity, and business must
plow back a portion Of earnings
into improved equipment.
Lanston's Earnings Climb.
The Lanston Monotype Machine
Co. s net income for the six months
ending August 81 Is estimated
around $4s5 900. equal to s1.97 q
share against s422, ,446. or $169 q
share for the like period Of ls47.
Sales for the period were $2,066, ,242
UP from 81, ,772, ,809 in the correspond
ing six months in 1947.
Real estate bond prices hardly
changed in September, following
the pattern prevailing for nine
months, the Amott- Baker review
states. Prices have gained only 0.59o
this year.
Capital Airlines had a net profit
OF $54,67l for September, with total
operating revenues showing an up
turn of $47,6l9 over August.
william K. Divers, chairman,
Home Loan Bank Board, stressed
the common interests between build
ing and loan associations and banks,
in q New York address yesterday.
Sales of new autos in the Capital
totaled 2,202 In September, q de-
crease of 496 from August, but a
gain of 40 over September, 1947.
Sales in the first nine months of
194S were up - per cent, the Wash
ington Automotive Trade Associa-
ton reported.
Chevrolet Alumni to Meet.
Alumni of the Chevrolet Post
Graduate School of Modern Mer-
chandising and Management. in this
area, will meet at the Mayflower
Hotel Thursday, November 4. Dealer
problems will be discussed, Dean T.
o. Mclaughlin OF Detroit, presid-
ing.
A Federal legislation program for
ls49 will highlight the meeting Of
the Board Of Governors of the. Ma
tional Savings & Loan League at
French Lick, Ind, october 24.27.
washington officers will attend.
The Federal Power Commission
places operating revenues for Sep
tember at $54.869,s 1856, a gain Of
1897 over the like 1S47 month.
Two months Of operation Of a
new centralized cargo control sys-
tenn by United Air Lines has resulted
in the carrying Of at least $500 ad-
ditional tons Of cargo.
Evening star., 1948-10-22
Sales -
a AAA

Hourly Sales on the Exehsngs Today:
,OUam 400 900 H. no,n 700 ooc
ZOO o m GAO 600 2nnpm 600 ooc
sUnit Of trading. 10 shares; Elm pans.
ruptcy or receivership or being reorgan.
tiles assumed By such companies. Rates
Of dividends in the foreEcing table are
annual disbursements based on the last
Unless otherwise noted. special or extra
dividends are not included. cid Called,
( Ex dividend xr II riEhts; Also extra
or stock Declared or paid 50 far this
year. fPayshle in stock. estimated cash
value on sx,disidend date; Paid last
dividend or split-up. kDeelared or patd
this year. an accumulative issue With
o,s.a n sfsaGs THIS .sso.
taken at last dividend meeting. Payahls
% stock, exact cash value undetermined
Evening star., 1948-10-22
New York Cotton

lures were mixed during the forenoon
trading today. Light hedging and
scattered selling by locals and New
down mill buying. -
Atlanta advices said that mill buyers
showed more interest in spot cotton
prices, with some Improvement in their
buying.
Reports continued to indicate that q
large Fart Of ginninss to date were
going into the loan, with some ware
houses reporting so to IS, per cent of
their receipts already in the loan.
Memphis stated that mill demand was
mostly for prompt delivery.
Noon prices were s to % bale lower
than the previous close: December, 81 40;
March, 81 .23. and May, 30QS.
Evening star., 1948-10-22
Washington Exchange
SALES.

Potomac Electric Power com-5O at 13'4.
100 at 1874, 30 at 1924. 25 at 1872,
100 AZ 1924, 20 at 1874. at 1334, 100
ct 1394.
Potomac Electric Power 500 pfd "A"-5e
American Security g. Trust co.-10O at
-. 20 at rs.
Canitol Trenei; Co.'S at 167s.
Carpet Corp.-15 at 20.
Washington Gas so pfd-l5 at 100, 3
at 100.
Potomsc Electric Power $50 pfd "B"-1oo
virsinia Electric h Power com-10O at
1634, 55 at 1854.
Potomac Electric Fower com-s7 at 1874,
+ 100 at 13s4.
Lanston Monctype-70 at 23ss.
Peoples DRUG Store COMO at 32a.
Evening star., 1948-10-22

Lehval4s2OO3st 3oN
MKT LIST 4s90 ~
Mo Pac 6Aas 40 204S
Mo Pse IS 77F e7M
No Pac IS 80 n e7N
No Pac gn - rs ~
mat Dairy 2N7O o7h
IN o T M blas54 ~
NYC 4las2013A 6eh
IN 7 c con Is 90 66
|NYcHR 3Ias 81 e6,t
NY Ch&stl $3.50 oo3A
NY conn2Ms75 %
NYNHin4las'22 -
'NYNHH 4s20Q7 u
NYOW RI q 81 13M
NoPac4 VS. 2O47 60
Nor p cit 4Ms7B lclN
Pae T&T 2Asa5 9lh
PennCtAir31as6 -
PennRRg41as65 1o3la
PennRRs4Ass1 S0iA
PennRR 3i4s52 $685.
7hila 81 2azs a. os,h
PCCStL 5s rs B 1o6
7ubSyEG3i.sfS1 1o6
SaguenapP 1871 90
;tLSF 4,as2O22 6lM
5tLSanFrn4s97 sAiA
stL SW RI Is no sest
stLsw lst4sS9 loA
Seab in4Ias201e A
Shell Un 2las7l oAts
3ocony-v.l.s11f 93h
soPaeidc4hss1 81
Sou Pac 4hs 90 s<iA
|SoPae4Assor77 1904
SO Ry IN 4s Sc s6M
SWBellT2s4ss5 o@M
|Spkrnt4ias2013 -
stdO dOilNJ2ass7l ssh
Third Ave So go Ah
Third Ave Is 80 7@A
|Un Pac gas 81 eeiA
|vaE&PW3Kss631 1oo1s
Iva Railwy 3s 96 D
|WsPenPr31as66 1o7A
West Nd 4s Sc 1ooN
west On IS 90 ooit
West On 41as 501olX
WstEl cv2. .65s73 1olN
WheelStl 3i4s70 94N
wise Cent A. ~ 73lA
IWis Cn Is 36SD A1M
'WsPbSv 3As71 1o4h
Evening star., 1948-10-22
Business Briefs

Retail Sales in the week ended
Wednesday rose moderately above
the preceding week and average SO
to 1915 above the like 1947 week
Dun IL Bradstreet. Despite the gain
In dollars unit volume was slightly
below 1947.
Money In Circulation declined to
$2s, s,157 900 900 on October 20, a drop
of Sl27 100000 from a week earlier
and $4l2,oOo, 900 below year earlier
Federal Reserve Board.
Standard Gas & Electric Co. filed
with the SEC a simplification plan
for its subsidiary, the Philadelphia
Co., providing for retirement OF
four classes of preferred stock
through exchange for proposed 81
preference common stock OF Du-
Quesne Light Co. and cash.
Virginia Railway Co. was author
lied by the ICC to issue and sell
SO 500. 600 of first lien and refunding
mortgage, series c, 25-year bonds,
carrying a 314P coupon.
Fruehauf Trailer Sales, Inc, has
arranged to borrow up to $50, ,000, 900
from an unnamed life insurance
company. The borrower is new
company formed to finance install
ment purchase contracts OF Frue-
hsuf Trailer Co.
Texas Co. estimated net earnings
for the quarter ended September 30
at 45,35o,232 or $3.37 a share VS..
S24972, ,779 or $2.22 in same 1947
period. Nine months estimate was
sl13617,147 or 1914 VS.. 1886, 1888
or s697.
General Electric Co. earned s83,-
Se3,459 or s29l a share in nine
months ended September 80 VS..
$62, 2,466, ,626 or s2l7 year earlier.
Union Carbide e. Carbon Corp.
net income for nine months ended
September 30 was $73,596,110 or
S2.55 VS.. $54,S65, 1872 or $1.90 in the
same l947 period.
Union Pacific Railroad System
earned s4S ,sO4 ,s08 or 1903 in nine
months ended September 80 VS.. $34,-
sol, ,499 or $709 year earlier.
General Foods Corp. profit for
nine months ended September 80
was $20,431 1895 or $355 VS.. s12,599,-
146 or 1922 in the same 1947 period.
United States Gypsum CO. earned
S6,961 ,582 or $4.27 in three months
ended September 80 VS.. $3,968, 1873
or S240 a year earlier.
st. Regis Paper Co. net income for
nine months ended September 80
was $l204s,192 or 1921 VS.. .055,-
IA or 81.
Plymouth Oil Co. earned S4,744, ,055
or $464 in nine months ended Sep
tember 80 VS.. S2,505, ,101 or $2.43 a
year earlier.
Ruberoid Co. net for nine months
ended September 80 was 81 ,022, 1872 or
t10.11 VS.. $3,21s,40l or $500.
Blaw-Knox Co. earned S2.646. STE
or s1.88 In nine months ended Sep
tember 80 VS.. $2,224,521 or $1.65 q
year earlier.
VIM. Wrigley Jr. Co. net income
for three months ended September
80 was $2,s07,757 or SLAB VS.. $2,167,.
047 or $1.1o.
Other Earnings Reports issued to.
day included:
For IT Months Ended September 90:
Penn; Salt r. Mfg sa'O07 sSa & sa'sSa ssI z,
For sAs' 8 Months Ended ysns 80; ' 80.
Rome Cable CO. bOS,93 5b4 .26s
Evening star., 1948-10-22
FOREIGN Exchange

NEW YORK. Oct 80 L9.-Foreign ex-
change rates follow fGreat Britain in dol
lara others in centsD:
Canadian dollar in New York open mar
ket. Z per cent discount, or $500 q. 8.
cents UNCHANGED.
Europe-Great Britain tpound). .4.03A,
unclaimed; Great Gritain 30-day futures,
4 .O3. UNCHANGED; Great Britain 6O-day fu-
soasy futur.s Ersaea
tfranc), 80 of a cent. of .00,.: Italy
dirs), October fxed rate, .001f39: Sep
tember. .901 739; Sweden (srona), 27.s5.
unchanged; Switzerland dranc) tfree),
@5. "a, UP .04 Of cent
Latin America-Argentina !(free). 2O.6s.
UP O5 of a cent: Brazil ffree). $50, un-
Mexico. 14.47. UNCHANGED.