davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-06-15
Condor Testifies
AT CopIon Trial;
AtomDataBarred
U, S, Objections Block
Questioning, Wife ond
lckes Also on Stond

III Edward L coaatsxl 5gvssEzg
q. the N&lAgssa&s Bureau eg stand
ards ard at attsssss7ty cas AseSale
EaySses trSisssxs at TIE saaasssge
trial Il Judith Cozslgsa IA ttssgss a
CuaFt today a. = aetensr x5szs~sz.
Efforts 30 draw answers ffNysa hkfa
on anything connected Sslh TIE
atom easne acre ruled o4t. ise~~
ever
ps Coaaons vile Egalgis and
former SECRETARY a. The inssyaor
Harold l. lCkes also l,sak ,hs stand
for the de!erse which Is calllag
persons mentioned ~ c,ngavx,sd
IN any WaS with documents lntte-
duced into the trial last urek
chxf Prosecutor Jelan NJ keIles.
IT. who had h~ra oFeEtgicd "a
his protects against appearance
OF the witnesses, succeeded IN
pievenilng them from responding
10 any questions al material I'M
postanee, None wAA on the stand
for more than Is minutes
Informant Iaans bed Inaairy.
A confidential informant sup
piird Information tn the latter
part OF December. lsas ~hlsn
launched an Phi invests alton
that resulted IN the afrrst 81
Miss coplon on March I, iaspcr-
tor Howard Fletcher o' tiae FnI
testified when called 10 the stand
after the appearance Of the Com
dons and Mir, ickes, DrIensw Al
tofncy Archibald Palmer tried 10
learn the identity Of the con-
fiaenttal Informant, but vas
blocked At every turn by Govern
nsat objections that the matter
vas irrelevant
After the confidential IN
fosmani" reported. inApScsor
Fletcher said. Phi agents wsrs
assigned to The Case IN wakhlnG
ton and New York After Mas
coplon vas trailed to q rendezvous
with Valentine oueilehey. o 80.
Wet engineer In New York ca
January Ia. ~ many ~ % Phi
agents we're CO her trail OIL one
time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-06-15
fians subpeenAs.

Mr.. Palmer told Judge Reevss
he would have subpocnas issued
directing fBI officials 10 bring
into court any records containing
reports from the confidential In
forrnant.
Very WELL said JudRe Reeves.
when they are brought IN III
rule whether they can be ed.
mitted"
Mr.. Palmer shot more than .
dozen questions ct pr. Condor
dealing with apparatus used in
production Of atomic energy
which Was mentioned IN the secret
Justice Department invektlEnties
reports from which Miss coplon
ailegediy copied extracts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-06-15
Prosecution Objects.

The prosecutor was on his feet
obleeting a. each question was
asked. He commanded that the tn
formation which Mr., Palmer wAa
seeking 10 draw from DIR, Condor
was entirely Irrelevant 20 the
issues In this trial--tlss Suil. or
innocence Of this defendant.
Mr.. Palmer protested vehsmsnt-
~ that he should be permitted 20
question DR.. cosadon about the
atomic apparatus and took heated
exception 10 judge Reeves rulings
supporting the Government.
Mr.. Palmer read OF . list Of
machinery repeatedly used tn
atomic energy production and
asked Or, Condon
Were you authorized 20 testify
that these machines had nothing
whatever 10 DO with the fiausifac-
tlre Of atom bosuha7"
Object" snapped Mr.. Kelley.
Sustained. +" Judge Reeves aid
evenly.
And 90 II went sith EVERY ques-
tion dealing With atomic energy
and the atomic bomb which kr.
Palmer fired st the Bureau IL
Standards acsentist.
Have geophotes anything 10 d
with the atom eogneT" Mr., Palmer
- O.. - rss SSss ,s...--
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-06-15

tses CANT. Page A-sJ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-06-15

(See BT GFOUR, Page A-4.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-06-15

The A exhibit groups which
Assistant United States Attorney
Thomas F. Murphy began reading
yesterday for Identification by
Mr.. Anderson. consist Of IS typed
pages of documents and four
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-06-15

(See COAL. Page A-4D
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-06-15

(See WAITKUS, Page A-6.)
Evening star., 1949-01-25
Chicuoo Grain

CHICAGO, Jan. 25 tP.-Prices ranged
lower IN active trading d9rias the sari'
Nearby deliveries Of wheat and corr
we're of around a cent at times, De.
terred d contracts N ;,; showed slightly better re-
isaes Trassrs s0 ssd sfPE lie DOMESTIC flour demand
auiry. Government indications that toe
much wheat may be planted had
because large Government purchases have
not given corn q better tone; =.
to Dpff cent 'ns Iowep Si May n1us & corn S was
as-ls lower, May, 72h. soybesns were
loTsr. losa "aE March a las fen'' hunofeo"e'sn'
Most OF the trading interest centered1
p.nsns n Shat a ,fSa %he. may aasn +
Agriculture Committee; said Yesterday that
the administration plans to hold down
Senator Thomas said the Department
Of Agriculture expects to serve notice on
wheat growers that the 1949 crops VIII
acreage acreage aliotments. as" He M said the purpos.
is to ''discourage large planting OF wheat; =
about %1ss ss large xnsa as coud be
Crop news has been generslly favorable;
both here and abroad: The supply Of Of
sF'q M ss to sfs is
Of farmers showing more interest in
sgpd Grain sa1s q srryss Wse here oesy cas-
The Commodity Credit Corp. has been
active in the purchase Of corn but wheat
buying has Jagged. Brokers say the mar.
and that Government purchases account
for whatever strength is shown.
Evening star., 1949-01-25
Produce Markets

AppesMsaks. about steady; rcnev sushe he
Pssnss 0'1SS V4sna s' ae
hisher: fslr . quality; 3:s5; ~ j INCHES,
and ed u. s. Utility. s.s5; few 400; New
jersey, fair s9loE staymans dH,1 aa a5 .cks
3:5O-75;, 50-pound paper sac ks, ,1.75-76;
'AfSs; Sweet i's potstoesE aa;s esEMarket dull bushel
baskets fea Goeses sefto 0Fusaed Risana 3
!: !.50-3: 90; few 335; fair quality, 200.
Ii5 Nancy Halls fair quality ,,; 2oo,s5
3fFses e ypf a5 fSs cG g. s. she
ysns: s$5; nearby; ls-6ushei hampers,
~'''' Poultry Quotations.
rather lisht, trading SLOW; pullets, ~
.nd snd up up isS 4G S.s ys5s
pounds stock higher: fowl. colored,
3s-4O; some poorer. IS; Leshorns, $500
Flour-Receipts, / 400 IOO-pound sacks
ments, 1905 bushels; stocks, 2,157.3as
Sosnss; No @ .JnusEn Isa winter Gas sarcky
Corn-Receipts. I76359 bushels; ship
ments. none: stocks, 4,O46,4S3 bushels.
Oats-Receipts, 1926 bupshels: ship
quotations.
Barley-Receipts, none; shipments, $40
bushels; stocks. 15s,36S bushels
Rye-Receipts, 1878 bushels: ship
ments, 1880 bushels; stocks, 797,709
bushels.
Soybeans-Receipts. 1O,O73 bushels;
shipments, none; stocks. 224. 4.S49 bushels.
Millfeed-Receipts. 1913 tons.
Butter and Eggs.
Egg-Market dull: demand slow; re-
A large. 53-55 A mediums. 1880: 3
large. 1880; current receipts, unsraded
45-4S
-Receipts-Butter. 1881 pounds; esss
$40 cases
Evening star., 1949-01-25

lLorrillard 81 63 1o2A
NJ < r 81 20 A 0@t
Mo Pae bhas 40 IS
Mo Pac b 66 A 81
Mo Psc IS FTP o.
mo Pae 81 7S @ elN
lMo Pac IS so H 81
Mo Pac 50 81 ! 81
Mo Pac IN 4s rs AN
|Mor&E3 las2O00 S0A
IN o T NJ 6hs64 96
N o TN So 81 95h
NY&H 4s2043B 100
NYC RI IS 2013 7W
NYC 4hs2Ol3A 64N
N Y c con Is 90 SeN
NYNHin4Ias'22 46A
NYNHH 4s2OO7 66A
NYoW RI Is 81 ~
N Y Tel 3hss 7S lo4M
Nor p cit 4hs76 lc3h
Ohio Ed IS "a 1olH
Pac T&T 2H4sS5 s3h
PennCtAir31as6: e3h
PennR 9 4las65 1o5N
PeopGL&C 3s63loo
|PereMar 3sss &C 9oM
Phil Pet 2s4s64 lo2
|PCCStL IS rs B 1o7A
|StLSP AKas2022 6olA
|StLSanFrn4s97 81
Seab tn4as20le 6oih
|Soracidc4hsS1 92M
Sou Pac 4hs 90 94h
SoPac4 hsOr77 1ol
50 Ry gp 4s SO s7M
|Tex&NO3hS90 96A
Third Ave 81 so AA
Third Ave Is so 7oM
|UnElMo 2szs 75 1904
|VaEl&PW3hss631o 1904
IVa&SW en- 6s5S 95Z
|WSPenPr31as66 1o9A
West Sh 4s 1881 e2lh
West Nd Is 81 1o1A
West On 41as 501o1h
WstE cv2. 65s73 lola
Wise Cent 4s 20 76A
Wis El p 2Hss 76 eTh
Evening star., 1949-01-25
Chicago Livestock

CHICAGO. Jan: IS lR, tusDA.-ssi- Sal
mostly 25 cents lower on all hogs: TOP
21 SO; most good and choice 1SO-2?0
pounds, 2O.75-o1 80: 23O-25O pounds
5o as0,nse SonnSs Poannd1ss sso-
3so pounds 1s0oils5o; s,nd soSs sos9sd sna ooi
45O- 500 pounds. 16.5O-17. 20; sows, 525
pounds and over, 15.5o-16"6; good
clearance.
salable cattle, 5000: salabls able sai,ss: sslves
500; slow; yearling steers and helters
steady to fully so, lower; steers loo
pounds. up, so to LOO lower; n numerous ns
bulls steady: two loads high-choice 1850,
1,15O-pound steers, 5000: one load held
hisher; several loads choice steers and
heiters' mixed. .5;5o7ss 50; bulk medium ,n. Y,
good and choice heifers, "a $50; bulk n
medium and good heifers, so.6o-A 0o;
ters, l2.5o-l5;75; eood a,, heavy s ssusass sass
beef bulls, 100000 90; vealers steady at
Salable sheep. $500: slaushter lambs,
,5 higher; most good and choice wooled
lambs "a .5O-25.50; early top, 25.4o; ewes
Arm
Evening star., 1949-01-25
Stock Market Drops
Fractions 10 81 as
Selling Increases
BY the Assoeioisd Press

NEW YORK, Jan. 25.-The stock
market took a decisive downward
turn today after an early show of
stability.
Losses ranged to as much as
points. Turnover tended to in
crease as quotations were marked
down but business was far from
lively.
United States Steel was one of the
most active issues with a loss of
around a point. The setback fol-
lowed a strong market in Big Steel
yesterday when it advanced 11s
points.
Much of the interest in steel re-
volved around the fact that direc-
tors Of the company are meeting
today and will announce dividend
action after the close of trading.
Executives are expected to give their
views on the outlook for this indus
trial bellwether.
Some of today's selling, it was
suggested. stemmed from the pos
Sibility that a none too optimistic
picture will be predicted.
Evening star., 1949-01-25
Sales
a

Hourly Sales on the Exchange To-day:
- 90 q ~ 2lo 1000 90 uu.n 400 900
100 pm $40 600 2.OOpm oco 600
tunit Of trading 10 shares. "1n bank
ruptcy or receivership. or being reorganized
assumed By such companies Rates Of div
idends in the foregoing table are annual
"r semi-annual declaration. Unless other
wise noted. special or extra dividends are
not included. cid Called. xEx dividend
stock dividend Cash or stock. Paid
last year. Payable In stock. estima ted
cash valre on ex-dividend date. De-
or paid after stock dividend or split-up
< Declared or paid this year. an accumula:
t,ye issue With DIVIDENDS IN srsears PAID
action taken at last dividend meeting.
r Declared 194s payable in 1949. y Liaui-
cash value undetermined on declaration
Evening star., 1949-01-25
N. Y. Bond Market
1sF 'ESh6f 4 osif ,si sEssShp ISSUES

FOREIGN 1916
Australia 3As5e o2A
Brisbane 6s so 1olH
Chile 6sJan61 . -
Cuba 4ks n Ill
Denmk gas SO 66X
ItalCCns l -3s77 7oiA
Italian lst 3s77 ~
Peru lst Is go l7H
DOMESTIC 1:15
AmT&T 3as 70 lo3N
Am T&T 2As57 1854
Am T&T 2As6l lo3N
Am TIT 2As 70 o5
Tobacco3s62 1o3M
Tobacco3s60 lo3h
B & o 6s 95J ~
Balt&Oh 6s75B o4i4
Balt&Oh 5s96G s.
B&O cv 4la2OlO 5lh
Bost Me 4Iss 20 -
Brk q G 27ss 70 92iA
Bush Term 6s5b -
Cent Ga 4s 95 STA
Cn RI NJ IS ~ IS
c&O 3las 80 D 1914
CGW 4las 2O3S ~
CMStP4I Iss20l9 64ih
CMStP4Ias2O44 53
Chi&NW 4Msp0 5oih
CRIPin4las2019 o0lh
cTHS i2A4A94 72ht
CCCSL gn As % IS
Clev Fl Ill 3s 20 1o51S
Del & Hud Is SO 05H
D&R In 4h201S 65ih
peI Ed CIV IS SO 1o7iA
Erie 4las 2015 71h
Fla z est IS ~ 81
Goodrich2As65 1904
Hud&M RI IS 81 66
&c 4Ns SO 07iA
ICC StL IS 63 A o7se
Int @ N 1stos62 67A
Int Ct No5s56C 61A
KanCi:So3 sss6S1o1A
Leh VI 5s2003st Aoh
LehV4 lzs2003st A5M
Y,ehValAs2003St l0lh
Evening star., 1949-01-25
FOREIGN EXCHANGE

NEW YORK. Jan. 25 P,.-Foreign ex-
ehanss rates follow tGreat Britain In
Canadian dollar in New York open
market 7i's. PEI cent discount or 8" :56A
United States cents, up y OF q cent;
unchanged; Great Britain 30-day futures.
.03ha. UNCHANGED; Great Britain 6O-day
futures 4.027s, unchanGed; Great Britain
a0-day futures, 4.02h, unchanged;
France Cfranc), 81 !. Of cent, up .OOl.;
Italy uira, Jsnuary fxed rate, .001739:
DECEMBER, .0olI39; Sweden Ckronal,
(free), 25.ll, up .01 of q cent.
Latin America Argentina Qree).
&c. son. unchanged; Brazil Qree), $50,
unchanged; Mexico, 14.54, unchanged.
Air Reduction Co. earned $6.457,-
947 or $2.36 In l948 VS.. $5,70l ,64S or
$208 in the previous year.
Evening star., 1949-01-25
N. Y. Curb Market

) Holl C Gold "a 10
3 Humble OIL 1g ~
d imp Oil Ltd ~ 16
o Int Petrol ~ 10h
4 Int Utilities l. Sh
b Kaiser-FraZer M
I Lake Sh Min ~ 10
Z Lakev Fdy 1Ae- 3
b Lionel Corp Goa 12h
d Lone Star Gas ] ~
AlLong Island Ltg NJ
Louis L b z Ia -
Iron
pf.60e 6A
lMidStaPetB. .95e "
4 4|Midwest Corp T. IA
4 Mining cp Can 10
4 Muter Co soc IL
ANat Union Rad -
AIN Jers Zinc Ai4e IS
+ NIAGARA Hud Pr eA
4 Northrop AirAe 9M
Z 4lPancoastal Oil. 3h
4 IPennroad Ne IA
4 Peppereli 3A SsA
blPiper Aircraft 2
a hlPittMetallu.90e. 2Ah
Mng 20. So
b tliR-K-O opt war ~
\ Ravtheon MIS- I"
st Lawrence Crp W
n Salt Dome OIL ~
4 A|Select Indus 2A
4 Solar Airc 60 94s
q Soss Mfg ! 8
4 Std OilKy 1.40a 2eA
4 Tri-Contl w IA
UnitL&Ry 1.47a 22b
\ q s Foil B l .35e 1AA
hIU Idaho Su 15E IN
l'Winnipeg Elec l ~
Evening star., 1949-01-25
N. Y. STOCK EXCHANGE
Furnished b, the Associated PressJ
.SsIes--.

Furnish ed b
| Salel
| Stock and A
| Dividend Rate. G
| ABBOTT L3.6oa
A c F.Brill Mot
Adams Ex 1.I0e
Addressos-M "a
Admiral Cp .60a
Air Reduction ].
Alaska Juneau
Aldens Inc IN.
Allegheny Corp
, ALLEGHENY Cp pf
| Aneghany Or pf-
| Alleg-Lud Stl 2e
| Allied C&Dye %
Allied Kid 1ha-
| Allied Strs 8
AlliedStore pf 4
Allis Chain 1.60
Alpha Port c %.
Amerada Pet 3a
. Am Agricul So,
Am Airlines =.
| Am Airl pf 3M
tam Bnk Mt pf3
| iAmBrakeSh2iss
Am Broadcast
Am Cable d Rad
Am Can So
| tam Can Of 2 }
Am CarNFdy 3e
| Am Car&F pf z
Chn&C 1.40a
| Am Chicle "a
Am coltyp 1.20a
tAmcrvstl pf4h
Am Cyamid liza
mCyamid3hpf
AmEurope 2.2oe
| IAm&FP$7pf5A Ae
lAm&FPS6pf4he |
Am Home l.20a
Am Ice .60g
| AmInternat .66e
Am Inv Ill "a
Am Loco 1.z0
Am Mch&Fd so
| Am Mch&M he-
Am Metal 2e -
Am Power q 1t
IAmP&LS6pf1 hk
Am Radiat ! he
Am Safe EaS "a
Am Seating 2e
tam Sm&R Of z
| Am Snuff "a
Am Stl I'd 2.60e
An Stores .40s
lam Sug Ref AZ.
IAm Sum Tob q
Am Tel d Tel O.
| Am Tobacco 3a-
lam viscose a1g-
Am woolen Ga
| Am Zinc&L log
| Anaconcop sac
tAnacon Wire 4e'
| Amen HGlass 2
Apd-Pttch In
| Archef-Dan l
Armco Steel sag
tArmco Stl pf4h
| Armour Il Co
Armour Or pf o
| Arms Cork Goa
tArm CorkS4pf4
| ArnoldConSt ha
| A2d Dry @ 1. so
Atch T&SF Ga
Ateh T&SF of 8
All G&w Ind 10
| Att cav In pf 8
Att RehninE 2s
Atlas Corp I 60
tAtlas Pwd 2he
| Autocar Co
Auto Canteen l.
Avco Mfg zoe
Avco Mfg of 2A
BABBITT 1.20
Baldwin Loco 1s
Bait q Ohio
Aalt&Ohio pf 10
Bangor&Arostk.
Barns Oil ] Ag
Bath Iron Wk 1e
Bsaunit Mills 2
tBeck Sh of 4A
Beech Airc a l
BeeehNPk 1 Goa
Bell Aircraft l
Bendix Avia %
BndxHomeA l "
Benef IndL l lab
Best Foods %
Beth Steel $40
Beth Steel pf 2
! Bigelow-S 2.40a
BIaw-Knox Ia
Bliss Z W L.
Boeing Airpl 1s-
tBon Ami A 4
bon Ami B .40g
Bond Stores 9
| BordenCo 2.66e
Borg-Warner A.
Bower Roll SAG
Brani6 Air
Brdgpt Brs .16e-
Brigzs&Stra Ia
Bristol-My 1.60
Bklyn On Gas
Brwn&BigelCw I
Bucyrus-H 1 hs
Budd Co z6e -
sBudd Co Of 5
Bullard Co ilaE
Burling M I 2a
Burr Add NJ so
Bush Terminal
tBushTB pf134k
ByerS A M Ia
-Byers A NJ pf T.
Byron Jacks "a
CALF PKG 2h
Callahan Zine
Salumet&H zoe
Camp WV 2hae
Can DRY GA 90
Canad Pac Ae
CannonMills Ag
CapitalAirlines
Caro- Pwr d Il 2
Carrier Corp Ag
Case ] 1.20E
tease J I pf z ,
CaterpilTract g.
Celanese 2.20e
tCelan 7ss pf =
celotex Corr o..
Cent Aguir sag
Cent Fndry he
CentHudGas 81
Cent r r N j
Cent violeta 2e
Cerro de Pas ~
Certn-td Pd .60a
ChainBelt 1.60a
Champ p q r %
Checker Cab
ChesCrpVa / Mg
Ches d Ohio g.
C & o pf 3 u -
Chi Corp 80
Chi Mil st P&P
ChiMSP&p pf4e
Chi b N West 70
Chi Il N W pf 8
Chi PneuTool Be
Chi r I n Pac Sc
Chi r I&P Of B
Chickasha Oil 1.
Childs Co -.
Chrysler 14s
Gin @ q Z ] 40
Gin Mill M 1.40
c ! T Finan 3
City Invest 60
Clark Equip 2b
Clev E1ec II 2.20
ClevGraph soc
Climax M 1.20
tCoca-Cola A 3 Z
Colgate-P-P "a
Collins d AK ]
Col Fuel d Ir Ia
Col Fuel&Ir pf1
Colum Gas .60a
Colum Carbon 3
C&SoOh Fl $50
CombEnKSup "a
ComlCredit $50
coml solvts "a
Comwlth Ed IA
Comwl & South !
Com&So Of / hk
Conde Ma st I
Cong ,Nairn l hs
Cons Cigar Q -
Cons Cop soc
Cons Edisn I go
Cons Edison pfb
Cons Laundry 1
Cons RRCuba Of
Evening star., 1949-01-25
Washington Exchange

washinston Gas Light common-10 at 25
Potomac Electric Power common--1oO al
14hs, 81 at 141a 100 at 14.:
Potomac Electric Power $50 preferred
"B'-14 at ASA.
National Mortgage & Investment pre-
ferred-10O at Pa. "a -
washington Gas Light common-1oC
Evening star., 1949-01-25
Market AVERAGES
Wholesale Price Index of the Bu

reau of Labor Statistics dropped
another 0.7eo In the week ended
January Is to stand at 159.3% of
the 1926 average on that date. 1t
was 90 below month earlier and
1870 below a year earlier.
American Airlines reported air
cargo volume in 1948 broke all rec
ords, totaling sc. .939 900 ton miles VS..
24,878.000 in 1947. Air freight, ex-
press and mail were included.
Evening star., 1949-01-25
Capital Funds Reach
New Peak al Liberty
National in Year
D. Edward e. Stone

Capital funds of the Liberty Ma
tional Bank reached an all-time
high mark Of $1,572,242 during
1e48, w. T. vandoren, president,
told the stockholders at the annual
meeting today. 1t was the first
time printed report has been
presented at these meetings and
also Mr.. Vandoren's first year as
head of the bank.
Operations for 1948, after pay
ment of all operating expenses and
taxes, absorption of losses and set
ting up reserves for depreciation,
resulted in a net addition to profits
of $l53.444. Dividends of $4,000
were paid, leaving a balance Of
$l13,444. OF this amount, $44,746
was transferred to q reserve for bad
debts, leaving an increase in capital
funds of $68,697.
Liberty earned $30.69 per share
before dividends and the setting up
of the reserve for bad debts, and
$l374 per share after dividends
and the setting up of the bad debts
reserve.
Deposits closed the year in excess
Of $31, 900, 900. Dividends were held
down in order to built up capital.
Personal loans. for the first time,
crossed the million dollar mark.
M. F. Calnan was reelected chair
man of the board; Mr.. Vandoren,
president; J. B. Skinner, vice presi-
dent; Wales H. Jack, cashier; w. v.
Simmons, trust officer; Lewis e.
Thomas, controller; r. p. Woodburn,
r. w. Crandall and Martha Ashford,
assistant cashiers. All directors were
retained.
Bank Reports Earnings Gain.
Earnings of the National Capital
Bank from operations in 194S
amounted to 1918 1872, an increase of
1l.s per cent over 1947, George A.
Dinnen, jr., president, states in his
annual report. Interest on loans
constituted 81 per cent of the earn
ings and investments provided 23.5
per cent. Expenses increased 1853
per cent. Salaries were boosted 10
per cent.
Growth of National Capitals
branch caused a slight total gain in
deposits. Time deposits decreased
2.7 per cent. The directors bought
q lot in the rear of the branch to
be used for parking purposes later
this year. The bank will be go
years old in August.
Assets Exceed 30,0O0,0Oo
c. H. Ellingson, president of the
First Federal Savings & Loan Asso-
citation, reported resources In excess
of $4,000, 900 at the annual meeting
Of the stockholders.
Mr.. Ellingson was reelected pres
ident and A. E. Geigengack chair
man of the board. Other officers
are w. Franklin Morris and J. S.
Scott, vice presidents; Tul Ryan.
treasurer: F. Rust Bishop, assistant
treasurer; and c. E. Ballou, secre-
tary.
New Accounts Up Sharply.
Northwestern Federal Savings &
Loan Associations assets reached q
new peak of $500, 900 in 1s4S, stock
holders were told at the annual
meeting by Secretary Richmond H.
Gibson. Savings accounts advanced
81 .000, 900 and loans totaling $780,
600 were arranged.
Reelected directors named How
ard S. Gott, president; r. L. Hous-
ton Jones. executive vice president;
r. II. Gibson. secretary treasurer
and James e. Harrell, assistant sec
retary,
Evening star., 1949-01-25
Business Briefs

Steel Plant Capacity will exceed
90, 800 900 tons a year by the end OF
1g49, with companies planning to
spen da record 1927 ,000, 600 for ex-
pansion and Improvements In the
year. compared with the previous
record of s583, 900 600 spent in 194S.
American Iron & Steel Institute.
Business Failures in the week
ended January 20 increased to 142,
highest weekly mark since Decem-
ber 2, 1912, when 148 were recorded
Dun & Bradstreet. Failures in
the preceding week totaled 1877 and
in the like 1s4S week 100.
Platinum Price was cut IS an
ounce to sss by a leading New York
platinum refiner. 1t was the first
price change since July 26, l948. A
drop in jewelry demand was the
chief factor in the cut.
Public Service Co. of Indiana re.
ceived a high bid OF 100.4049 fol
$4,000, 900 of first mortgage 30-yeal
80 bonds from Hartman Ripley
IL Co. and associates. Reoherlne
was expected at l00.9s to yielo
1857.
Jersey Central Power l. Light Co
awarded $500, 900 of first mortgage
31.eo bonds, due 1878. to White
Weld & Co. and Shields & Co. or
q bid of 1o1.es6. Reoffering was
planned at 102.45 to yield go.
National Container Corp. Dela-
ware) cut the dividend on common
stock to 20 cents from 80 cents paid
previously. The smaller dividend
is payable March 10.
Humble Oil & Refining Co. de-
clared a dividend of STA common
share, payable March 10. Last year
the company paid IS cents each in
March and June and SIPS each In
September and December.
Armco Steel Corp. declared q
quarterly dividend of 62ia cents a
common share, payable March IS
Last year the company paid a 20%t
stock dividend in February plus st
cents each quarter.
Union Bag & Paper Corp. declared
an extra dividend of Is cents and q
regular quarterly of so cents, both
payable Marsh IA. In 1948 the
company pair similar extra In eacf
of the first three quarters and $1.2s
additional at the years end.
A. M. Byers Co. declared an extra
dividend of Is cents and a regulal
quarterly of Is cents. both payable
March %. A similar extra was paie
December %.
Liggett & Myers Tobacco Co
earned $2e .261, ,121 or 1886 share il
l94s VS.. $40 ,s00.691 or s6.S3 in tn,
previous year.
Deere & Co. net income for l.
months ended October 81 was $27,
6s1 997 or S7.l6 VS.. $16,363, $40 o.
$3.50 in the preceding fiscal period
The company set aside $4,000, ,00'
for inventory reserves in 1948 vs
S2,500.000 In 1947.
Bendix Aviation Corp. earnet
Sl1,2s0,742 or $3.50 in II month
ended September 80 vs.. $4,000 60
or $7.58 in the previous year, whel
q special income credit Of 3l0,S11.
COS from q reduction in reserves wa
included.
Dresser Industries, Inc, net in
come for II months ended Octobe
81 was $s,03S,422 or STA VI
39,1ss or $685. in the preceding
fiscal period.
Warner Co. profit for 194S was 81,
771 ,249 or $4.78 VS.. $3.50 ,535 or $3.3
in 1947.
Arabian American Oil Co. is NOV
ing It's executive ofiices and certain
departments from San Francisco +
New York where it has leased q al
story office building.
Evening star., 1949-01-25
New York Cotton

NEW YORK. Jan. 25 P,.-Cotton fu-
lures eased in forenoon trading today with
selling credited to profit taking, following
recent gains.
Covering against export sales was less
aggressive, although shippers said that
cotton through Monday Of this week The
purchase is being made on a $15,O00.0OO
ECA credit which would cover about 10O,-
600 bales Of cotton.
March to later deliveries as traders took
profit in that month and replaced with
purchases in deferred positions.
bale lower than the previous close.
March 32147, May 32.52 and July 81 80.
Evening star., 1949-01-25

Piper Aircraft Corp. reported
deficit of $543,488 for II months
ended September 80, after provision
of $3.50, ,855 for inventory reserve, VS..
loss of $222, ,727 in the previous
year when a tax carry-back credit OF
$40 500 was included.
Evening star., 1949-01-25
Dividends Announced

NEW YORK, Jan 25 P.-Dividends
declared:
Pc Stock of Pay