davidaulloa/AmericanStories huggingface dataset:
Evening star., 1948-07-11
ADVICE To AN
AMBITIOUS
YOUNG man
From The
d 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. If you want to get ahead in the
next five years, it is important for you
to know about these new develop
ments. And nowhere can you get more
accurate, up-to-the-minute informa-
ton than in the pages of The Wall
Street Journal.
If you think The Wall Street Journal
Is just for millionaires, you are wrong.
The Journal is a daily business guide
for every substantial citizen. Because
the reports in The Journal come to you
DAILY, you get immediate warning
OF any new trend that may affect your
income. You get the facts in time to
protect your interests or to seize
quickly a new profit-making oppor-
tunity. You are promptly and reliably
informed on every major new develop
ment relating to: Prices, Taxes, lnven-
tories, Industries, Production Trends,
Commodities, 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. Try it for 3
months. Just tear out this ad and at
tach check for Sc and mail. Or tell us
to bill you. Trial subscription, Sc for
8 months lin u. S. and Possessions).
Address: The Wall Street Journal, q
Broad Street, New York 4, NY.
Evening star., 1948-07-11
Capital Securities
Over the COunte

! Over the Counter
The following bid and asked quotations
on Washington securities traded over the
counter represent prices at which one OF
more dealers, members of the National
Association of Securities Dealers, Inc
would trade with the general public at the
time the quotations were assembled fol-
The Star as of Friday noon. Origin o1
any quotation furnished on request
Evening star., 1948-07-11
MARYLAND Tobacco

BALTIMORE July 10 lP1.-Auction sales
during the abbreviated ninth week on
Southern Maryland tobacco markets were
characterized by lower prices for large
number of grades and continued hgnt
deliveries.
This was reported by the United States
Department of Agriculture and the Mary
land State Department of Markets.
The reports said no sales were held
Monday and Tuesday in observance OF the
Independence Day holiday. Most declines
were from 80 cents to 81 per 100 POUNDS
quality grades. Top quality grades contin-
ued in good demand and were generally
unchanged. the agencies said.
Net auction sales for the season through
July 9 are now at 1925, 33S POUNDS:
prices averaging S43.24. Net receipts OF
season are now approximately 2,12S,l25
pounds. This combined with the auction
sales totals around 21,S54 463 pounds.
During the period July 10 auction mar
kets handled 1,071 800 net pounds at an
average Of S42.07 per 100 ina pounds. ,n.srssts
was reported to have practically Withdrawn
from the market. The. drop in price on
medium and lower quality grades was at
tributed to large extent to this FACTOR
Sales were light in volume each day due
10 the wheat harvest.
ern Maryland tobacco was set by the, crop
reporting board of 36425,0OO pounds as as
of July l. This was around 2,000,O0O
pounds less than the estimate for the 1917
crop.
Some of today's grade averages:
changed; good cherry-red. $50, unchaneed
thin crop: fine cherry-red, S63. UNCHANGED
good cherry-red, S62, UNCHANGED; fair
cherry red. $61. down 81.
Evening star., 1948-07-11
Capital Banks Aided
By Further Rise in
Real Estate Loans
By Harold B. Roaers

Real estate loans continue their
steady gains here to the increasing
benefit of banks, trust companies
and building and loan associations.
Total loans and discounts of
member banks in the Federal Re-
serve System here showed drop in
the week ending June 30 according
to the Federal Reserve Bank of
Richmond, real estate loans con-
tinued on the upgrade, reaching
S74,693 900.
This was new peak for 1948 and
was far ahead of the real estate
loan figure of s65,432 900 on De-
cember 30, 1947.
Total loans and discounts of
member banks here dropped from
1925 ,697 900 on June %. to $225, ,454,-
900 on June 80. Commercial, indus
trial and agricultural loans rose
during the same period from $685.
1865, 900 to 500 ,086, 900 and compared
with 87,6S1,O 900 at the end OF 1947.
In its study of bank loans in the
Richmond Federal Reserve District
for the first four months of l947,
the Richmond bank indicated that
recent efforts to restrict loans to
productive purposes have not been
too successful"
Total loans at Fifth District
banks, rose during the first five
months of this year the review
said, but less rapidly than the rise
reported during the same period in
ll947. Real estate loans showed the
highest percentage increase in the
Fifth District. but in the United
States all other loans exceeded
loans on real estate Nonmember
banks (of the Federal Reserve Sys-
tenn increased loans at a higher
rate than member banks and in
general the smaller banks were more
active in the loan field than the
large banks"
Building Associations Busy.
In the meantime loans by build
/ ing and loan associations here on
real estate have grown SO substan-
TALLY, according to w. Wilson
Camp. secretary of the District
League of Building and Loan Associ-
ations, that most associations have
relaxed or removed entirely their
former restrictions on the amount
of deposit permitted each month.
During the war the limit on saw
ings deposits was limited by virtu-
ally all associations to $25 month.
There are 81 associations in the
league here, and a few institutions
outside the league.
Bank Branch Moved.
Daniel w. Bell, president OF the
American Security & Trust Co. an
nounced last night that the North
west Branch Office of the firm will
open for business Wednesday at its
new location, Fifteenth and M
streets NV. The branch was in the
Security Storage Building, at ll4O
Fifteenth street NV, for Is years.
I'VE decided to move to larger
quarters" said Mr.. Bell, so that our
many customers in the neighbor-
hood could enjoy banking in attrac-
tive, modern. air. conditioned sur
roundings." At the new corner 10
cation there will be deposit and
withdrawal facilities. checking ac-
counts and loan privileges, Mr.. Bell
Evening star., 1948-07-11
BOND SUMMARY
the Assoeisted Press.

cFurni.hsd sy ths A.;oeiisea ..; to- Press, a..
New York Stock Exchange, showing the
high, low and closing price for the week.
and the net change from the previous
weeks close.
Evening star., 1948-07-11
Rail Bonds BoIstered
BY Wage Settlement
And Fare Increase
By the Assoeiotsd Press

NEW YORK, July l0.-Railroad
loans romped ahead during the
final session of the bond market
this week.
Settlement of the long railroad
wage dispute and another passenger
fare increase for Eastern roads
showed most carrier issues ahead q
point or two.
The strengthening tydings failed
to bulge some of the rails and
others fell off bit. But most losses
were fractional and the trend was
definitely on the side of point or
better advances.
The Federal Reserve System re-
port of Government security hold
ings as of July held two surprises
The report showed an increase OF
only S4,O00,000 in holdings of bonds
And it listed net purchases of Treas
ury certificates totaling 1868 ,00O, 900
Increase Was Anticipated.
There has been some fluctuatior
in the market Tor Governments
during the past couple of weeks ano
banking circles had expected the
open market support operations o1
the Reserve System might result ir
substantial rise in holdings ol
bonds by the system.
The heavy purchase of certificates
was unusual The banks We're sell
lers of Government issues to raise
funds to meet holiday currency de-
mands but in the past bill sales
have been resorted to for such op-
erationS.
Observers of the market for Gov.
ernment securities began to wonder
whether the heavy certificates sales
suggested growing opinion that
an upward adjustment in the GER
tificate rate Is imminent.
Evening star., 1948-07-11
Firmer Price Trend Seen:
In Cotton Textile Market
~ the Assoeiatsd Press

NEW YORK, July 10.-The cot.
ton textile market was generally
quiet during the past week. but
observers noted a tendency towards
firmer prices.
About the only activity was SCAT
tered business In print cloths for
prompt and third quarter delivery.
Prices for some constructions inn
proved and the consensus among
merchants was that the low point
on cotton goods prices has been
passed.
Evening star., 1948-07-11
Deaths Reported

(From the D. c. Bureau of Vital Statistics.)
Catherine McGinnis. s5, 1928 33rd pl. Sc
Mary L. Dufresne, "a, 636 X st. ne.
Emil Bier. 81, 72s 9th st. NV.
Meta M. Evans, 70, 1905 18th st. NV.
Maurice Greenbaum, II, 1928 H st. ne.
Ellen J. Talbert. 81, Blue Plains. D. c.
James r. Clements, 81, 124l Wis. ave NV
Norman C. Brown, 53, 1878 Columbia rd
aeorge H. Ball, so. 612 e st. Sc. .
Edward Murphy 80. Alexandria, Va
Harker F. Henderson, As. 51S B st. ne
Elizabeth w. Satterwhite, AZ, 107 e ST.
Theodore W Gensmer., 45;; Alexandria. Va
Infant Baranauskas 141O Mass ave. w
Infant Sterling 1872 1872 Msa,! ST. nv; Gour,
Edward McGhee. ~. Blue Plains, D. C,
Nellie johnson, 81. "a Eye st. sW;
Effe johnson. "A. 75S Mortin st. NV.
Ethel Coles Al, 1922 T St NV.
Infant Williams. -Herndon. va
infant Love, 1918 Church st. NV
Infant Jane Doe. address unknown
Evening star., 1948-07-11
Business Trends for Week
Woshinoton Stock Exchange
Nv tbs A.sori, I'd Press

fReport Compiled BY Erchan0e omcials) =.
WASHINGTON STOCK EXCHANGE FOR YEAR ls4s UP II
AND INCLUDING FRIDAY, JULY g.
Evening star., 1948-07-11

said. Manager Of the branch will
be Richard Z. Harris, assistant
treasurer of the company.
Committee Heads Named.
Charles F. Suter, new president of
the District Life Underwriters AS
ISOLATION, has appointed committee
chairmen for the year as follows
Joseph A. Marr, business practices.
Leopold v. Freudberg, cooperation
with attorneys and trust officers;
w. Elwood Baker, education: Ray
mond A. Du Four, law and legisla-
tion Joseph 8. Baldwin, chairman,
and Charles Parkhurst, vice chair
man, membership; Charles P. Rice
jr., chairman, and Walter Parker,
vice chairman, programs and meet
ings; William j. McCausland, pub
licity and bulletins: Mrs. Thelma
Davenport, women underwriters; W.
Neal McCord, 1850 NALU conven-
ton; Albert L. Neveux,s jr., finance;
John D. Marsh, past presidents;
William B. Rumple, nominating
Louis Grayson and Charles K. Reid
II, co-chairman, veterans affairs:
Lawrence Reeves. sales congress;
Vernon W. Holleman, Wilmer Me-
mortal Award; Charles K. Reid II
Life Underwriting Training Coun-
Gill; Chester Jones, chairman;
Nathan Bushnell, vice chairman
ways and means.
Opens Capital Agency.
Security Mutual Life Insurance
Co. of Binghamton, N. Y, last night
announced blishment of a
Washington agency, with appoint
ment of Joseph S. Kessler and Irwin
B. Lipman as general agents. The
KesSler-Lipman Agency is located
in the Dupont Circle Building, 1916
Connecticut avenue NV. 1t will
handle multiple lines of life, acci-
dent and health, disqualification and
group insurance protection.
Mr.. Kessler began his insurance
career in Pittsburgh and now comes
to the Security Mutual from the
Ulman Agency of Washington. Mr.
Lipman, member of the bar asso-
citation of the District and New
York, has been active in insurance
for II years. He was recently man
ager of the life department for the
Ulman agency.
Store Sales Increase.
Department store sales in Wash
ingtor in the week ended July 3 were
48 per cent above sales in the short
week ended July S, 1947, and 3 per
cent above sales in the preceding
week ended June 26, according to
the Federal Reserve Bank of Rich
mond Cumulative sales here in
the four weeks ended July 3 were
IA per cent above year earlier
Washington led the Fifth Reserve
District and all other cities in these
gains.
A delegation from the District
Institute of Certified Public Ac-
countants Is attending the annual
Middle Atlantic States Accounting
Conference this week end at Myrtle
Beach, S. C. Headed by Benjamin
F.. Regardie and Mrs. Regardie, the
group includes Mr.. and Mrs. John
M. Stoy Mr.. and Mrs. Rusco
CroWell, Mr.. and Mrs. John A. Bard
Mr.. and Mrs. E. Franklin Odor, Mr.
and Mrs. Burnell H. De Vos, Mr.
and Mrs. James T. Malone, Mr.. and
Mrs. George A. Lee and Mr.. and
Mrs. James H. Rees.
Eight Washington members of the
1947 Hundred Percent Club, the
International Business Machines
Corp. annual sales honor organ
ization, are attending a three day
annual club convention at Endicott
N. Y, home of the company's largest
plant. They are r. Bruce, w. J
Dugan, r. A. Hiney. r. Hopkins
L. K Mcintyre. A. L. Pfaff. G. w
Vaughan and j. B. Wagner. jr.
Evening star., 1948-07-11
Chicago Grain

good target for selling on the Board of
Trade today following an Agriculture De
partment forecast Of record crop Wheat
and oats weakened, but losses were not
particularly large at any time. Wheat
staged a good rally in the last 80 minutes.
July and September corn showed the
widest losses. The July contract sank
more than 8 cents at one time, hitting a
new low since March 8, September was
at new low since the big price break in
mid February. May corn made new
seasonal low. but rallied sharply right be-
fore the close.
Wheat closed Il lower to, n higher.
higher, July 1891 .99A: oats were un-,
changed to "a lower. July SSas-h and
soy beans were 3 to 3I2 lower, July 400.
Evening star., 1948-07-11

sPius extra o. sxtras
Evening star., 1948-07-11

In bankruptcy o. reeeiyersnin: or seins
securtfies Assumed By such companies;
Rates Of dividends IN the foregoins @ n ta5,s .hs
are annual disbursements 5sssa On IN, tne
uniess otherwise noted. special or extra
dividends are not inclnded ,d.,a Also c..s sstr,
etoeF Declared or paid 30 Ear this year
payable In stock. Paid last year. De
ciared or paid after stock DIVIDEND or
suiit up K Accumulated dividends paid or
declared this year Wv With warrants; xw
without warrants. PAYABLE In stock
exact cash value undetermined On oeciaIs-
tioa data
Evening star., 1948-07-11
Chicago Cash Market.

No wheat Corn-No. ! yellow, 2.05i2-
OF; No. ., 2.O7: No. S. 1:99; sample
grade, 80. Oats-No. l white. 0012
Barley-Malting, 1.6O-95 nominal: feed
l20-55 nominal.
The Chronicle-star combined with the Moss Point advertiser., 1948-11-05

Southern States, which they won hands down..
In addition it was known that the Progress
sives under Wallace would probably lose him
New York, and offer threats in other states.
In the face of all this he continued to bang
away, principally on the issues above out
lined and the dismal record of the Both Re-
publican Congress
That the people agreed with him is borne
out by Tuesdays vote.
Governor Dewey made the fatal mistake
of adopting a SNUG attitude of complacency
i nthe face of what everyone conceded to be
a sure Republican victory. He steered clear
of any controversial issues and based his cam
paign on unity" without defining what it
meant in the way of a national or information
al policy.
We also believe, despite the fact that it is
denied, that the position of the four Southern
states who went for the States Rights nom
inees will be considerably weakened in the
81st Congress Perhaps a compromise will
be made, but in the face of campaign ltera-
ture and statements by Governor Thurmond
we dom see how one can be except on the
basis of political expediency, which would
certainly deny the statements that the fight
was made on a matter of principle. Time
will answer this.
In any event, the election is over. The
people of a nation have taken part in one
of the few free and open elections Except
in Alabama) still existing in this world of
ours. -Four rough years are ahead of us, both
nationally and internationally, and perhaps
some of Governor Dewey's unity would serve
a good purpose.
The Chronicle-star combined with the Moss Point advertiser., 1948-11-05
Roiarians AT
Moss Point Hear
Health Director.

The lack of available trained
directors and the inadequate SAL
aries paid were two causes named
by DR.. Andrew Hedmeg, director
of the Jackson County health de-
partment, for the lack of a full
time health director in Jackson
county at the Moss Point Rotary
club on Thursday.
DR.. Hedmeg agreed that the de-
mands of Jackson county were
justified and advised contracting
DR.. Felix Underwood concerning
the situation.
A full discussion of his talk
which he had made at the Pascal
goula Rotary club on Wednes-
day when representatives of va
rious organizations were present
will be found elsewhere in this
issue of the Chronicle Star.
Rotarians were reminded that
the next meeting on Thursday
will be the annual Patterson
Day.
Visiting Rotarians from Pasca-
goula were Nolan Hstten and
DR.. S. B. McIlwain. Other guests
were John Macarthur and Billy
Howard, student Rotarian of the
month, who was introduced by
M. J. Bullock.
The Chronicle-star combined with the Moss Point advertiser., 1948-11-05
Mrs. Luther Willidms
Dies At Hospital
After Short Illness

Mrs. Audry Lee Williams of
Helena died early Sunday morn
ing after a brief illness. She was
"a years old.
Mrs. Williams was the wife of
Luther Williams and the daugh-
ter of Mr. and Mrs. Joe Nelson
of Escatawpa. She was a native
of Jackson County. Both her
parents and her husbands famil-
les are widely known and con-
nected in that section of the
county where her father has
been bridge tender for the Mis-
sissippi Export Railroad for a
number of years and her husband
has been a farmer and connected
with the saw mill business.
She is survived by her hus-
band; four children, Allen,
James, Joe Mack and Dolores;
and her parents; two brothers,
Sam of Escatawpa and Buddy
Nelson of California; and two
sisters, Ellen and Katherine Nell
son of Escatawpa.
The Chronicle-star combined with the Moss Point advertiser., 1948-11-05
City Library OF
Moss Point To
Hold Open House

The National Children's Book
Week, from November IA to 20,
will be observed by an open
house to be held in the Moss
Point library, Miss May McIn-
mis-, chairman, stated.
Patrons of the library and es-
pecially children are invited to
visit the library any day during
this week. Attractive exhibitions
of the juvenile books will be on
display.
The library has an excellent
collection of children's books
ranging from the easy books to
fiction and non-fiction for teen
ayers.
In addition to the standard
juvenile classics the library has
a wide selection of current juve-
nile books including both tn e
Newberry and Caldecott award
winners.
Colorful displays of book jack
cts on both of the library bulle-
tin boards placed in the bank
lobbies will call attention to the
newest books added to the juve-
nile collection. The displays will
be changed frequently during the
week.
The Chronicle-star combined with the Moss Point advertiser., 1948-11-05
Deborah Glass
Meets At Home
OF Mrs. Nicely

On Monday evening the Deb
orah class of the First Baptist
Sunday school of which Mrs. T.
W. Hudson is teacher, enjoyed
the hospitality of Mrs. James r.
Nicely at her home, 1853 Washing
ton avenue. with Mesdames Jet
Bullock and Hubert Ziglar as her
co-hostesses.
The meeting was presided over
by Mrs. Nicely who was recently
elected to head the class, and fol-
lowing routine business, a devo-
tional consisting of the recita-
ton of a favorite Scripture pas
sage by each member was given.
Mrs. Ivan Murray, fellowship
chairman, then conducted an in
teresting contest the most anus
ing part of which was Get Ac-
quainted".
A salad course was followed
by the cutting of an ornate cake
carrying out the class %colors, on
which the letter D had been ex-
pertly written in purple icing on
a white background.
There were % members and
one visitor in attendance.
The Chronicle-star combined with the Moss Point advertiser., 1948-11-05

Although this writer was as astounded as
either Mr.. Gallup or Mr.. Roper over the vic
tory of Mr.. Truman in Tuesdays presiden-
tial election, after post-election analysis and
reflection we can see that we really had no
particular reason to be SO surprised.
Tuesdays vote, we believe, was as much
or more a vote against the Republican con-
trolled Both Congress as it was a vote for
President Truman.
1t was the American housewife voting
against the hardships of initiation; it was the
veteran combined with the average American
voting against the stubborn refusal of the
80th Congress to do anything about the dis
graceful national housing situation; it was
labor voting against the 1aft-Hartley bill;
it was the rural areas voting for the con-
tinuation of conservation and rural e~lectrifi-
cation and last, but not least, it was the little
American voting for the continuation of So
cial reforms put into affect under Roosevelt.
1t matters not what ones own personal
feelings might be on the above, the fact
stands that the majority of Americans in
repudiating Governor Dewey and electing
President Truman, voted for them.
That fact is borne out by the Democratic
sweep of the national House, which saw the
Republicans lose 70 races to give the Demo-
Gratis comfortable majority after two years
of Republican domination. The same thing
is true of the Senate, where the Democrats
also took control away from the Republicans.
President Truman waged a courageous and
almost miraculous fight in the face of SEEM
ingly insurmountable odds. Prior to the
election the Dixiecrats were conceded four
The Chronicle-star combined with the Moss Point advertiser., 1948-11-05
Diumond-B Beck With
Eight Rottles Is
Killed BY Women

A diamond back rattle snake
with eight rattles was killed last
week near Browns Bridge by
Mrs. Roy liner and Mrs. ]. w.
Garner of Franklin Creek.
When Mrs. liner, who was
driving. saw the snake she tried
unsuccessfully to run over it.
Then the dauntless ladies got out
of the car and taking a pine top
left by the pulp wood cutters
they put il on the rattler weigh
ing it down. Then they took
pieces of wood and killed tn e
snake.
They brought the snake home
to exhibit it and Homer Lambert
cut off the eight rattles and
button.
The Chronicle-star combined with the Moss Point advertiser., 1948-11-05
Football 80.
CONTINUED from Page One)

A1OIltlildC0 L d6( liz
trail High School of Jackson, Mis-
sissippi, but unpreventable de-
lays made it seem logical to post
pone such a dedication until all
work was completed or until
the latest possible playing date,
which is the Meridian game on
November 10.
They further pointed out that
the stadium is dedicated to the
memory of the local boys who
served their country in the late
war and that it seemed more fit
ting and proper that this dedi-
cation should be held at a time
when all the students and adults,
who have season tickets, would
be able to attend the dedication
ceremony without additional
cost. It has always been and is
now the plan to call on the serv-
ice organizations for a major
share in providing the program
and personnel to carry out this
ceremony in a fitting maner.
It was further planed to have all
Gold Star Mothers and Fathers
in the area as special honor
guests of the school on that oc-
casion. 1t is their hope and de-
sire that service organization of
ficials will also have a part in
making the Tulane Freshmen -
Perkinston Junior College game
a success by putting on whatever
type of memorial program they
might desire"
The Chronicle-star combined with the Moss Point advertiser., 1948-11-05
THEM WHAT HAS. GETS

WALLA WALLA, Wash.-AP
Seeking water for the golf
course at its new Memorial park,
Walla Walla sank a we'll a eou-
pie of thousand feet and didn't
find a drop.
Nearby the city dug a hole for
a swimming pool and struck wat
er, about IL feet down. The
builders had to give the concrete
special treatment to keep out the
Seepage.
There wasn't enough water in
the hole to irrigate the golf
course. Just enough to be en-
barrassing.