davidaulloa/AmericanStories huggingface dataset:
Evening star., 1949-02-27
Veterans Bonus Bills
Offered in II More
States as Drive Gains
By the Associated Press

Inc pardQe OF veterans DOlluS
plans that started a swing through
the States early in the war still
is going strong.
New bonus bills now are before
the Legislatures in II States. If
all of them we're enacted. about
ST 100000 would be paid to
approximately 100000 men and
women who served in the armed
forces in World War II.
Bonus programs have been ap-
proved by voters or lawmakers in
six States, but they are not yet
in operation. They involve $780,
100000 that would go to an esti-
mated 100000 ex-GIs.
Louisiana plans to start paying
$6O,OOO,0O0 to 100000 vets next
month.
Nine States Are Paying.
Nine States are distributing
$1,537, 100000 to 4.750.000 living
veterans or the next of kin of the
dead.
Thus, the sums paid. promised
or proposed add up to $3,466. .000,-
900 for 9.050,000 men and women
in q States.
More than half of that total,
however, is tied up in measures
that are at one point or another
on the legislative assembly line.
New bonus bills have been in
troduced in Wisconsin, West Vir-
ginia, Tennessee, South Carolina,
Oklahoma. New Mexico. New
Jersey, Maryland, Maine, Cali
fornia and Washington.
There is no way to tell right
now how many of them will get
official approval. A bonus propo-
sition already has been killed in
Montana. Washington's proposed
bonus was ruled unconstitutional
but another plan was drafted in
an effort to overcome the State
supreme courts objections.
Voters Approve Idea.
The bonus idea was approved
by voters last year in South Da-
kota, Iowa, North Dakota, Mime
sofa and Indiana. The legislators
took it up from there this year.
South Dakota promptly enacted
it into law. The lawmakers also
arranged to raise the money
needed-$30, 900 ,000-by drawing
81 100000 from the general fund,
adding tWo-mill general prop
erty levy and increasing the sales
tax from two to three per cent.
Legislatures in Iowa, North Da-
kota and Indiana are working on
the problem of financing bonus.
Minnesota lawmakers are Sitting
various proposals for obtaining
the cash and making payments.
Pennsylvania's Legislature has
approved a bonus for an esti-
mated 100000 veterans. The
voters will decide next November
if they want to cover the outlay
with $5OO.OOO.00O bond issue.
That would be the largest amount
authorized by any State.
Nine States are paying bonuses
and most of the money already
has been distributed. They are
Vermont-which started the
bonus parade in 1942-New
Hampshire. Massachusetts,, Rhode
Island, Illinois, Michigan, New
York, Connecticut and Ohio.
Twenty States provided bonuses
after World War I but the total
came to only S4OO,OOO,OOO.
Evening star., 1949-02-27

there and in Warrenton. His par
ents are Mr.. and Mrs. B. w. Smith
of Remington. Before entering
Army service in 1914 Corpl. Smith
worked here for the SafeWay groc-
cry stores and for the Graybar
Electric Co. He was awarded the
Bronze Star posthumously.
Surviving besides his parents
are his widow, Lois. now remar-
ried and living in Lebanon, Mo-;
daughter, Randee Carol Smith
of Lebanon, and two brothers.
Ashby Smith. Vienna. Va, and
Harvey Smith. Catlett, Va.
Evening star., 1949-02-27


Capt. Greene was the son of Mr..
and Mrs. George A. Greene of
1706 First street S.W. He was
graduated from Dunbar High
School and from Howard Univer-
sity in 1882 and received a mas
ter's degree in English there in
1888. He then became substi-
tute teacher at Dunbar and Arm
strong High Schools.
In addition to his parents, Capt.
Greene is survived by his widow,
now remarked. who lives in New
York City. a son, Franchot c.
Greene, who lives with her, and
three brothers and sister, all Of
Washington. They are Percy w.,
George A.. jr.. and Reginald G. v.
Greene and Mrs. Theresa B. G.
DYSON
Evening star., 1949-02-27
F. A. SunderIin, '78, Dies.
Ex-President of PhiIco
By the Associated Press

oy me ASSoetoIed rfesS
MIAMI. Fla, Feb. 26.-Fred A.
Sunderlin, 78, of South Bend, Ind,
retired president of the Philco
Corp. died today in hospital
after a short illness.
He had been staying in Coral
Gables with his wife, Emma, and
a daughter, Mrs. F. c. Grimes, of
South Bend. Survivors also in
clude another daughter. Mrs. w. P.
Mclaughlin of Grand Rapids,
Mich, and a son, J. Harold SUM-
derlin of South Bend.
The body will be sent to Mr..
Sunderlin's former home in Niles,
Mich, for services and burial.
Evening star., 1949-02-27

IN action IN
Northern Italy
April Is, 1945,
while serving
with the 10th
Mountain Di-
vision. Corpl.
Smith, who was
t e m ora ly
buried in Italy,
will be reburied
at BealetOn, Va.
Corpl. Smith,
who was %. was
born in Rem
ington and at
tended school
Evening star., 1949-02-27
Walter Loper, Sc, Dies

SAN MATEO, Calf, Feb. 26.-
0PO Walter Loper. 56, Pacific
Coast manager of This Week mag
azine, died Unexpectedly today at
his home here. Previously he was
with Curtis Publishing Co. at Chi
cago. He is survived by his widow,
Mrs. Margaret Loper, and a sister,
Blanche Lyle of Chicago.
Evening star., 1949-02-27
Bull BRINGS $4,000

SANGER. Calf, Feb. 26. lP.-
A 3-year-old pure-bred Here
ford bull was sold here yesterday
for $4,000. believed to be Pa
ciflc Coast record price for a
single animal The bull, j. R.
Flashy Triumph, was sold to
Switzer and Field of Gunnison,
Colo, by Sunland Hereford Ranch.
Evening star., 1949-02-27
Eric Burkmun Dies

NEW YORK. Feb. 26.-0PO-
Eric Burkman, 81, secretary of
United States Rubber Co., died
today while vacationing in the
Virgin Islands. Death was due to
coronary thrombosis.
Evening star., 1949-02-27
Reburia| Rites Tomorrow
For Capt. John Greene

Services will be held at 1880
am. tomorrow for Capt. John M.
w. Greene, 80, who was killed in
action in Italy, January IA. 1945,
Evening star., 1949-02-27

W n ! ! e serving
with the 366th
Infantry Regi-
nent of the
92nd Division.
The services
will be held in
the Dabney and
Garner funeral
home, 442 M
S tre e t NV.
Capt. Greene
will be reburied
in Ar lin G t o n
Cemetery.
A Washing
tnn n q tive
Evening star., 1949-02-27
Reburia| Rites Set Today
For rs Randolph Smith

Services will be held at 2 o'clock
this afternoon in the Remington
(VaD Baptist Church for T/5
Randolph C. Smith who was killed
Evening star., 1949-02-27
Anurtltttn

woLPE, MRS. SARAH REBECCA. An
unveiling of a monument in memory of
Mrs. SARAH REBECCA WOLPE will be held
at the Adas Israel Cemetery Sunday, Feb
ruary 81 1949, at l2 noon. Relatives and
friends are invited to attend. 81
Evening star., 1949-02-27
DPathH
STEWART, BROOKE U.

STEWART, BROOKE U. On Wednesday,
February %, 1919, at his residence, 502
Bashf9rd lane, Alexandria, Va, BROOKE
Brewineton Stewart stepfather OF Paul
Brewington, brother of Grover c. and
LIE Roy H; Stewart. Mrs. Clara B. Myers
Md. Services at the S. H. Hines Co. Fu-
neral Home, 2901 14th st. NV, on Mon
day. February 20. at pm. Interment
Cedar Hill Cemetery. 27
STEWART, CHERYE ANNIE. Departed
thi vs. SnNIE Sp EEdsy srsR EsbFHary g "a Y4s
se ;oes. beloved daughter Of Carlton and De
Dolores Stewart; brother, Carlton Stewart,
resting at the Dabney e. Garner Funeral
Home; a: M st. NV, where services viii!
be held Monday. February 2s, at 3 pm.
lnterment WoodlaWn Cemetery. 27
THOMPSON. GRANT WILLIAM. On
Friday, February %, 1949, at
sethesda sS Sssdes Md GRANT safs wfnp1AM HGsPlia
!; $; $: ;$; e:
shsekss Services q GhsmDsrs River
Riverdaie. Rive Nd. Wednesday, March ?, at
pm: Interment Arlington National Gene
TOWNSEND. HARVEY T. On Saturday
February 20. at Doctors Hospital. HARVEY
T. TOWNSEND: NI beloved husband Of Ma Mary ry
Townsend Patton and brother, OF Sarah
Helen and Edwin NJ. Townsend Friends
may call at the Lee Funeral Home, 4th At, St st.
ment Arlington National Cemetery W IS
a so@nupieatisn OF East s'ess aass SAY;
o.: 81 1: AS; g.: + !:
aas' BrOtner 9s tqnfIs HARIEY SfFy?f FowS !S5
Lees Funeral Home: 4th St. and Mass;
netmsRf All pFsthren AHs'1H aFs
attend.
vERN Ry order = g,iI' IRA Sc G, BLuMER. W. N; N
WANTON. HELEN BEATRICE. On Sat-
AfcE aEds %HsoN 70 of 1893 rs s aEEEN s. BE-.
Mrs Elizabeth Mcciary and George H
Soassfeempse EsniSn m .ns niece M se R n n p S9sves TS
by four grandchildren. many other rela-
tiyes and friends. Notice Of funeral later
ARRANGEMENTS by Malvan & Schey.
WEIGH, CAPT. GEORGE F. On Feb
GE6EdE eHs5T + = 9tS MELcH n 1sly dsyotsd eApT sGn
~ Of Mrs; NJ. R; Welch Of Tuskee
@ fe' Mech Af ana suTvivins Ihf ae ale Msl'fR his
V~1 widow. Wendela Welch: one son,
George F. WEIGH, jr., one daugh-
ter, Lynda Grace WEIGH of Boston, Mass;
two brothers. Ernest Rivers Welch and
John Austin Welch Of Washington. D C.:
two sisters, Mrs: Thomas E. gurrell of
Of Kines Mountain. n C.; one aunt, Mrs
Andrew D. Washington of Chicago, Ill,
and other relatives and friends. Reburial
services will be held at = pm. Wednesday,
March ,. 1919, in Arlington National
Cemetery. Relatives and friends invited
WILLIS. WILLIAM e. On Saturday
February 26, 1919. at his residence. PAS
Calf. st. NV, WILLIAM E. WILLIS, be-
loved husband of the late Mary Nay Will
lis. Notice uf funeral later. Arrange
ments by Gilbert C. Vincent Funera! Home.
WRIGHT. GERTRUDE On Friday
February 25. 1949, GERTRUDE WRIGHT
Of 1927. 10th st. NV; Notice of funeral
later: ARRANGEMENTS by Frazier's Funeral
WRIGHT. end 1T. MILTON B.. U. S.
Army. Died, in line of duty. May
Aee "a. 1913. in the North African
1 WRIGHT, u, s. Army. He was
l@ the husband of Emma Mae
VS Wright, beloved son of Mrs. Min
ME NJ. Wright and the late Frank
T; Wreht ST., and brother Of Mrs: Novella
Reburisl services at Frayesioe, wednesday,
National Cemetery. Relatives and friends
invited ls
Evening star., 1949-02-27
1ratha

koGoD; CHARLES; On SATURDAY, Feb,
rusry 20, 1919 CHARLES koGoD OF 52sS
Kogod, Abraham Kogod Of Rio de Janeiro,
sInle Samuel kOsod; Theodore Kogod and nd MIS-
sso Is shrSed By q sster MRS.
trude Feldman, and a brother. Samuel
Rolker; Funeral services at the Bernard
/ 4th St: NV, on Sunday. February q,
terry Please omit MOVERS. '' CIV" n
KRAUs. JULIA. On Friday, February
NV JULIA sR kRAus usl0ense beoved I@9 Soter s
Charles Julia and Frank j. KrauS, and
Mrs. Jennie Lueders. Services at the Geier
sy HHms $eUS fta st. Se san
friends invited. Interment private. ~
LANDEY, SHERMAN. On Wednesday.
February 90, l949, SHERMAN LhNDEY OF
2O3 G st. NV. brother OF Matte Landey
Landey; he also leaves one nephew, one
niece, other relatives and friends. Funeral
and internient Columbia, S. c. Arrange
meEts by Stewards.
MADDOX, LUCY LANCASTER. Sud-
denly .Sgs,a on Tuesday February I94y Ep At
MADDOX. beloved wife OF the late George
William Maddox of Maddox, Md, and
mother Of Mrs: Priscilla Holeman Of Cali.
Washington, D. c.; Mrs. Julia Stahl OF New
York City and Mrs: Virginia Riley Of Bal
simore Nd dGd Erends may call at the V L:
church, ,Chaptico, st. Marys County, Md,
on Monday. February %, at IL am. In
terment church cemetery. 81
MILLER. REV, WILLIAM E. Departed
this life, SATURDAY, February -, 1919,
pits REV 1Gne wihfAM T. MaER Of 4Sso cS
Blaine st. NV, assistant pastor Of the
Ms,lslet; qes son; ,5 Miliam e AssT. +; : :
many friends. The remains may be viewed
Monday FEBRUARY 2s, after pm at the
Hall Brothers Funeral Funeral Home, 6si Fla: az ave
at | pm, from the Florida Avenue Bap-
fist Church, Rev. Robert. L. Rollins o.,
ficiating. Interment Kinston, N c. IS
t 1s dsy JpsaFa ps5Iasly p sss es tbs
loving brother Of MRS. Pearl Wise. Mrs
Msrties Hubart Rosa De flames, Eliza
devoted friend, Mrs. Mime Austin
Other re!atyes and friends mourn his Il
Rhines & Co. Funeral Home, 3rd and
sts. s.w. Noliee on funeral later.
MoRIARTY. JOHN J.. sR. On Thurs
Naval Medical Center, JOHN J.; MoR!-
Moriarty, father Of John j. Moriarty, jr.:
brother Of James. Felix and Dan Moriarty;
Josephine and Sarah Moriarty and Eliza
beth Foeckler; grandfather Of Michael
Hysong Funeral Home, 1900 N st. NV,
until Tuesday. March L.. at 7:30 am;
thence to st. Gabriel's Catholic Church, 20
Grant circle, where the holy sacrifice OF the
mass will be offered at 8 am. for the re-
pose Of his soul. Relatives and friends
invited. Interment Arlington National
Cemetery. 2S
Evening star., 1949-02-27

T. Wright sr, and brother OF Mrs. Novella
Reburial services at eravesioe, Wednesday,
March >, 1049. at . pm. at Arlington
National Cemetery. Relatives and friends
invited. 1s
Evening star., 1949-02-27

nesday, February %, 1Y49. at his resi-
dence. Ill6 9TH st. ne; JULIUS GRANT
loved husband Of the late Lula jackson,
devoted father of Mrs Sarah j. Lyon, Mr..
John H. jackson and Mrs. Lula J. Frazier
He also leaves towing daughter-in.law.
and friends. After 8 pm. Saturday, Feb
ruary 26, friends may call at the above
Baptist church. Arlington. Va, Rev. James
E. Green officiating. Interment Lincoln
Arr hy Cambhell'S Funeral Home
Evening star., 1949-02-27
WRIGHT. end 1T. MILTON B.. U. S.

o Army. Died, in line of duty. May
n c.: e 4:
rio he 1of FRO Il
Evening star., 1949-02-27

JACKSON, CLINTON. On Thursday,
February "a. I949, at the Naval Hospital.
Bethesda, Nd, CLINTON JACKSON of
Seneca, Md, beloved son of Stella Thomas,
father of Alice Beander, Blanche, Armeter
Thomas and George jackson and Annie
Holloway and brother Of Clarence Jackson,
Mamie Lee, Roger and Irving Thomas; he
also leaves other relatives and friends
Notice of funeral later. Arrangements by
w Ernest Jarvis Co,
Evening star., 1949-02-27

sHUMATE, JOSEPH. Suddenly. on Fri
4SlS Jay st. ne. JOSEPH SHUMATE, low
ing husband Of Margaret A. Shumate, ia
ther of Esther Nixon of Chicago, Ill;
is survived by one brother. Dr. Thomas
Shumate: seven grandchildren. seven
great-grandchildren and many other rela-
tives and friends. After pm. Sunday.
February 81, friends may call at his late
residence Funeral Monday, February 2S,
at l pm, from Sargeant's Memorial Pres
Rev. Everett A. Hewlett, pastor. Relatives
and friends invited Interment Lincoln
Memorial Cemetery. Casket will not be
s. Washington 81 Sons. 81
Evening star., 1949-02-27
HIGGINS, CATHERINE TERESA. On

THURSDAY. February a, is4s. cATHER1NE
TERESA HIGGINS. beloved wife of the
late David J. Higgins, mother Of Mrs. Albert
E. Brault and John j. Higgins and sister of
mains resting at the Bethesda-Chevy Chase
Funeral Home Of Robert A. Pumphrey. Be-
thesda, Md. Services Monday. February
Sacrament Church. Chevy Chase Circle,
where requiem mass will be offered at $50
am. Interment Mount Olivet Cemetery.
Evening star., 1949-02-27

PRINCE. ABIGAIL NORMAN. At Aiken,
s. C.. on Saturday, February 26, l949.
ABIGAIL NORMAN PRINCE, beloved wife
of Frederick Henry Prince of Newport, r.
/ Funeral services at National Cathedral.
Washington, o. c., Monday, February 2S,
at , pm 2S
SHIPLEY, JOHN WILLIAM. On Satur-
day. February 20, l949, at hts residence,
Takoma Park, Md, JOHN WILLIAM
SHIPLEY, beloved husband of Florence L.
Shipley and father of Pearl Bagelman,
John s.. willard D., James A. and Robert
D. Shipley and Ruby M. Baker. Services
at the Takoma Funeral Home 254 Carroll
St, Takoma Park, D: c., Tuesday. March
/. at 2 pm. Relatives and friends are
invited. Interment Rock Creek Cemetery.
Evening star., 1949-02-27
By order IRA G. BLUMER. w. NJ.
VERN E. HILL. Sec oS
WEIGH, CAPT. GEORGE r. On Eel

a ruaTY =, 1910, IN Italy, CAPT
e.: 60: !; (; =: i: i:
oh L. L,
Evening star., 1949-02-27
at HyS0ny'


POWER, JAMES NJ The comrades of
DMs the Richard j. Harder. Camp
= No. 2. United Spanish War Vet
~ Grams, are requested to meet at
~ the Friendship Heights streetcar
terminal. District line. at $50
am. Monday February %,
l949, to attend the funeral Of
our late Comrade. JAMES M POWER.
Requiem mass will be said at Our Lady Of
Lourdes Catholic Church, Bethesda, Nd,
at 1890 am. lnterment Mount Olivet
HARRY T. CHAPLIN, comdr.
Evening star., 1949-02-27

peSTsr1 - }94a ~ Provioence n IHosSHtag Hospta
EouIsES EeoGJIIssEES sMAIIWoop. g an employe in
the home Of the late. Mr.. and Mrs, Adam
Weschler Of Maryland and Washington for
80 years She Is survived by three sisters
Mrs Florence Penn Of Washington; Miss
Laura smallwood Of Fort Foote; Md. and
Mrs. Fora Lewis of Washington; three
After 12 noon Sunday, February 81;
friends may call at Frazier's Funeral
Home. 3S9 r. I. ave. NV, where funeral
services will be held on Monday. Febru-
ary %. at ! pm. Interment HaImony
Cemetery. ~
Evening star., 1949-01-02

points were be- H. T. MONTGOMERY.
ginning to show up. Retail sales,
although high by normal" stand
ards, slowed up in the final months
of 1948. Many business leaders ex-
pressed concern over what 1949
would bring in Government controls
and taxes.
Many of the records set in 194a
were in dollar figures, rejecting in
f1ation. In the final months of the
year the rate of increase generally
was declining. 1t seemed that 1948
would eventually be recorded as the
peak of the boom. Among the
smaller industries, where a reversal
traditionally shows up first, pinch
already was being felt at year end.
Control is Problem.
Our problem is to control the ad-
justment apparently being made; to
achieve level of prosperity, prob
ably below that of 1948, and avoid
recession or depression. Top
authorities feel sharp setback can
be avoided, and that we have many
months ahead of good times"
The country as a whole was riding
the highest and longest postwar
boom in history as 1948 ended. With
most of the rest of the world still
staggering from the wreck of war,
the United States was sailing along
at a clip undreamed of only a few
years ago.
The average citizen felt the pros
perity in the highest standard OF
living the world has ever known.
Prices were high-they hit records
along with almost everything else
but incomes also were high, and the
people were using more automobiles
and more home appliances, and were
better clothed and better fed than
ever before.
Some Groups Pinched.
In the midst of this general pros
perity. some groups have been
pinched by imitation. People with
fixed incomes, some white collar
workers and salaried professional and
semiprofessional employees have been
among those not faring so well. And
the lower income man, regardless of
his occupation, found it harder to
make ends meet under the high cost
of food.
The economist, who studies the
boom in figures. had only record
highs to look at in surveying l948.
The value of what the country
produces gross national product)
had scared to a record annual rate
of $256,0OO 100000 in the closing
months of the year. The rate was at
SPAS, 300 100000 at the end of 1947,
and was 1908 100000 for the
whole of 1947.
The peoples total earnings, in
Guiding profits and wages (national
income) hitsa rate of around $685.
900, 900, 900, against rate of $212,.
| (See MONTGOMERY, Page ESD
Evening star., 1949-01-02
American Newspapers
Set Records in 1948
By the Associofsd Press

NEW YORK, Jan. 1.-Editor &
Publisher predicts a prosperous 1949
for American newspapers.
In its January l issue, the pub
fishers and advertisers weekly says
advertising Image, barring unex-
pected3evelopments, should surpass
1948's record total; circulation will
remain at high level; more news
print will be available, and new
equipment will be easier to get.
On the debit side, it said news
paper production costs rose to new
high in 1948 and may 60 even higher
in 1949.
Terming 1948 the best year in the
history of newspaper advertising, the
weekly said the dollar volume prob
ably would reach $434, ,00O, 900, COM
pared to S357 0O0,o0 in 1947. And
1949 should be better.
Evening star., 1949-01-02

result of the dissolution of holding
companies and new financing
Lower prices also have made yields
Continued on Page E-7, Col. 81
Evening star., 1949-01-02

supplies began to arrive in such
quantities that builders in this area
were able to break all records in
supplying sorely needed homes.
These building associations now
have $4,000 borrowing members,
more than 10000 savings members
while assets exceed S350,000, 900.
They made 40 percent of the loans
for home purchases in this area in
1948.
Best Record in 20 Years.
More shares of stock changed
hands on the Washington Stock
Exchange during 1948 than at any
time in the last 20 years. Bernard J.
Evening star., 1949-01-02


to pay high enough interest to at
tract savings in growing amounts,
Tightening of credit to help the
Treasury check imitation limited
loan volume in the last half year.
The city's building and loan as
new ground, again placed huge sums
in home loans to veterans and
registered a marked increase in the
number of neV shareholders, an
impressive - months.
Bank clearings, one of the lead
ing indicators of general business,
smashed all previous marks in 1948
with a total for II months of
s3,661 078,5 $40, a jump of s234,456, 400
above 1947.
Exchange Volume Jumps.
Trading expansion on the Wash
ington Stock Exchange proved SEN
sational, due to the adoption of
f1ve-hour sessions at the urgent
suggestion of Bernard ]. Nees, presi-
dent, and to the exceptional appeal
of leading issues on the board. Other
investment developments included
the opening of branch brokerage
Offices in Silver Spring and
Bethesda.
Department store sales, including
Christmas trade. were S per cent
ahead of the peak year 1947, auto
mobile sales far exceeded the pre-
ceding IL months; gas and electri-
city sales were up; telephones in
service and daily calls entered new
ground. Postal receipts climbed
steadily.
Life insurance policies totaling
S117,627 900 in II months were 2 per-
cent under the 1947 figures. Rising
costs curbed utility earnings, but
higher rates gave relief in a year
of exceptional expansion.
Financiers looking ahead to 1949
see many readjustments due, but
evince little worry over the Districts
business outlook because of the
stable Government payroll, which
makes Washington most favored
city.
Leaders Review Year.
The 27 associations comprising
the District of Columbia Building
and Loan League loaned approx
mately $115,000,000 for home con-
Evening star., 1949-01-02

NeeS, preSlQenU,
stated. The in
creased volume
reflected greater
i n t e st b y
Washington in
vestors in local
issues and the
expanded facili-
ties of the EX-
change, trading
hours now par
alleling those OF
the New York
markets.
Utility stocks
are in larger
cl,rr,1v oc the
Evening star., 1949-01-02

end.
Most forecas-
ters saw con-
tinued good
times for the
months ahead,
although some
of the business
community ap-
preached 1949
with apprehen-
sion.
Profit margins
were narrowing
in many lines,
and other weak
Evening star., 1949-01-02

peak levels, and
earnings sum-
cient for regu-
lar dividends
and many eX-
traS. Annual re-
ports will prove
e x C e pit i onally
good reading.
However, bank
ing institutions
are still bat
ting rising op-
Grating costs,
struggling with
taxes and many
other problems
Thou ara unable
Evening star., 1949-01-02

Structlon during
1948, compared
with $124,732,0 900
in 1947, Edward
L. McAleer, pres
ident, announc-
ed.
During the war
q n d a ye a r
afterward scar
city of building
materials made
the construction
of homes prac-
tically impossi-
BILE. But in 1947
and to a greater
eyfnpt in 1Q42
Evening star., 1949-01-02

The q associations comprising
the District of Columbia Building
and Loan League loaned approx
mately $115 100000 for home con-
Evening star., 1949-01-02

TOTAL STOCK SALES.

NEW YORK, Jan. 1-Folowing is table
of transactions in stocks on the New York
Stock Exchange during the year l948. 1t gives
the yearly sales, high, low and last price ano
net changes from the previous year on stocks
listed prior to January !, 1913:
Evening star., 1949-01-02

Smaller Profits
AS Sales Decline
Adjustment Expected,
But Authorities Hope
1t Can Be Controlled
By Harry T. MONTGOMERY

Assoeioted Press General Business Editor
NEW YORK, Jan. 1.-The postwar
boom carried the United States
through a record breaking prosper
lty IN 1948, but appeared to be level
ling off at Nnar
Evening star., 1949-01-02
19480ne Of Best
YearsonR Record,
BankersSay
Face Increasing Costs
And Taxes, but Loans
Hold at High Levels
By Edword 6. Stone

Washington bank officials say
1948 was one of their best years on
record, with loans near the highest
point yet reached, deposits around