davidaulloa/AmericanStories huggingface dataset:
Evening star., 1950-07-07
Bogley Meets Old Rival
In Tri-Stafe Tourney
By the Assoelofed Press

CINCINNATI, July THE men
have yet to be separated from the
boys in the 51st annual Tri-State
tennis tournament here. Gil Bog
ley of Washington, D. c., meets his
old junior rival, Hamilton Rich
ardson of Baton Rouge, La, in 9
quarter finals match today.
The 16 year old Richardson
earned the right to meet the 49,
year-old Bogley by upsetting sec.
ond-seeded Grant Golden of Chi.
cago, 4-6, Ga, 8-6.
Evening star., 1950-07-07
Ex-Red Sox HurIer Dies

MONAHANS, Tex, July 7 -(R.
Scott Stanf1eld, SO. who said he
pitched for the Boston Red Sox
frcm 1909 to 1911, is dead after
heart attack. He was a pioneer
in the oil industry in this West
Texas town.
Evening star., 1950-07-07
Kress to Manage Superior

SUPERIOR. Wis. July 7 (P.-
Ralph CRed) Kress has been
named manager Of the Superior
Baseball Club, Glass c Northern
League farm of the Chicago White
Sox. Kress. former infielder for
the Washington Senators and
other big league clubs, succeeds
Bennie Huffman.
Evening star., 1950-07-07
Wimbledon
Continued From pane A1s

he won. Sedgman hit the last
serve out.
When the fourth set got under
way, it was apparent that Sedg-
man, noted for his stirring come
backs, had shot his bolt.
Patty twice broke through his
service in the first three games OF
the final set. Although the
Australian rallied to break Patty's
Evening star., 1950-07-07
By MerreII WhittIesey

Keith Kallio, back from
Louisville where he, Julian
Williams and Earl Marcy
failed to win a match in the
Evening star., 1950-10-18
Washington Exchange
SALES.

Mergenthaler linotype at 61
Potomac Electric Power com.-60 at IA,
30 at IA.
Washinston Gas S4 30 pfd-10 at l05H
Potomac Electric Power $3.50 pfd. b
100 at 46ss. 100 at 465s.
Potomac Electric Power com.-100 at IA
100 at IA.
Potomac Electric Power $3.50 pfd. "B"-
$50 at 4614, 10 at 46A
Washington Gas S4.25 pfd-5O at 1O2A
Evening star., 1950-10-18
Produce Markets

Baltimore quotations supplied by the
United States Agriculture Department:
Bushei baskets % and basRel poxes S1p q s. ISIS is
MARYLAND, Golden Delicious inch up,
/. i.a5-5o; staymans. fair color, ia ia inch Hl
Up ,gch 14oaS psnnsyYsRia fsR ns dhaqS
8 90; Jonathans, "a inch up. '5o-75;
mans. 3 inch up 3.a5-5o; Yorks, 3 inch
up go and smokehouse, Pa inch up,
Potatoes: Firmer undertone. U. S. Is.
ashes fe3nsylyania cooDe5s
7oe7s cents; KatahdinS. O 100 90 Dounds' Dounds,
1.50-65: 80 pounds. 1880 cents.
Sweet Potatoes: About steady. Bushel
waxed; MARYLAND and Virginia Goldens
l,n5; few; 800; fair. 1880; Puerto
Poultry-slightly weaker heavy hens
and turkeys, barely steady others; receipts
n6spas n6eTai: demand nn slSS' fryeTs 3H-al.
heavy weights. ST. :,5-as. mostly % 36-.1; iIiS iish,
yslghts, .sIa , Iz3ls; turkeys; hens; 1914; toms
'S"'' oueAS' Grsin M11eoSisT Market T. lew ~
Flour-Receipts 14,l64 10O-pound
mepts, iss,s67 bushels. stocks, 1915 VA
someste W sla7 re octobsf sff sfa4 ssfia4fkS No spot 5
Sl.94.
Corn-Receipts. 92,237 bushels: ship
ments; $500 bushels; stocks, I,9743f9
Oats-Rece!pts. 13.431 bushels; ship
ments, none: stocks. 99310 bushels
Barley-Receipts. 1.49l bushels; ship
ments. none; stocks. 74,lO1 bushels.
Rye-Receipts, .49l bushels; ship
Millfeed-Receipts 543 bushels.
Butter and Eggs.
Eggs-Market about steady. receipts
moderate, demand moderate; wholesale
selling prices: A large 62-65: A mediums
49-5l: small 34-36: large 43-45:
current receipts. ungraded supplies in
sufficient to quote.
Receipts-Eggs 2Os2 cases; butter,
-. .49a pounds
Evening star., 1950-10-18
Livestock

CHICAGO. Oct. 1S LPl tUSDA) BILE
hogs. 5000; fairly active. 25 to 80 higher
on butchers Most advance on weights
under 21O pounds. SoWs % to 80 higher.
top 20.90 for one load Most good and
choice 100 to $50 pounds, O.5O to 20. 75;
100 to $50 pounds scarce at 19.75-20.50
Sows. 400 pounds and under. 10000 90;
400-500 pounds. 1S.00-1925; odd heavier
weishts, down to 1900 for 600-pound kinds
Good clearance
Salable cattle; II 900: salable calves
800: good and choice steers l.15O pounds
down and yearliHgs moderately active and
mostly steady: light yearlingS strong;
other grades and weights slow, steady to
80 cents. Most bids 50 cents or more
lower on steers weighing l 300 punds up.
Heifers active strong to 25 higher; other
steady: 4 few loads choice TO prime and
long yearlines, 33..5 to 33,75; load or SO
prime pr me steers promising to sell around
grade medium weight and heavy steers.
20: O0-32.25; short load prime ! ,022 pound
heifers, 1900: good and choice heiferS,
29. 50-32 90; beef cows. 10 00-22.50; most
Gamers and cutters. 14.50-1s.50: medium
and good sausage bulls, "a .50-27 90; me-
dinm to choice vealers. 27.OO-34. 90
Salable sheep, 2,000 all classes steady:
choice native wooled lambs $500. the top;
two loads good to average choice fed
Western lambs in fleece weighing around
90 pounds. so: two loads choice No |
skin shorn fed Westerns also at $3.50;
bulk SLAUGHTER ewes, 1300-14.50.
Evening star., 1950-10-18
Mcdonald and Schranl
To Be Speakers at
Baltimore Meetinq
By DonoId B. HodIey

A regional conference sponsored
by the Association of Stock Ex-
change Firms, the Southeastern
Group Of the Investment Bankers
Association of America, and the
National Association of Securities
Dealers, will be held at the Mary
land Club in Baltimore next Tues
day. October "a.
Among the speakers will be
Chairman Harry A. Mcdonald of
the Securities Exchange Commits
sion; Emil Schram, president of
the New York Stock Exchange;
Francis Adams Truslow, president
of the New York Curb Exchange;
Thomas S. Nichols, president OF
MathieSon Chemical Corp. and a
governor of the New York Stock
Exchange: Charles L. Bergman
partner of R. w. Pressprich g. Co.,
New York.
The I. B. A. group will hold its
own annual meeting and electios'
at 4:45 pm. W. Peyton May, In
vestment Corp. of Norfolk, Va, has
been nominated chairman.
Many Washington investment
bankers will attend the conference
Bank Promotes Four.
Ernest R. Wilson, cashier OF
the Bank of Commerce g. Savings,
has been advanced to vice presi-
dent, President Thomas j. Groom
Evening star., 1950-10-18
Chicoeo Grain

CHICAGO Oct. 1s t4,.-soybeans raced
up several cents to pace an advancing
Active demand swept into the bean pit.
some OF 1t coming from previous short
sellers who had been disappointed by the
relatively low receipts OF the new crop
Arrivals here, today totaled 14s cars.
strength in beans seemed to have. a
Wheat moved up around a cent at times.
Lard STAGED a good advance. Feed grains
Wheat near the end of the first hour
was So to Is higher. December S2.l97s.
Corn was T. to "a higher. December ST asa;
soybeans we're IN to .54 higher November er
S@.33l4. and lard was Is to =: cents per
hundred pounds higher october sl2.7O,
reflected the very sharp squirt scored by
market m hs closed; La Beans have a tendency
competitive position of cottonseed oil
A more impressive reason. for the
receipts of cash beans, Harvesting is at
its peak right now under ideal weather
conditions and the crop is the largest on
- An inquiry arrived here from sanyo
Tradins Co; Ltd. of Tokyo, Japan. stating
Some sizeable quantities of beans will be
imported into Japan before long" The
firm. which described itself as a success
sor to the world-famous Mitsui & Co.
wanted to get in contact with American
bean exporting companies.
Traders in wheat noted statement by
Agriculture Secretary Brannan pleading
that this country share our abundance"
with other countries. Thus far the ex-
port trade has been willing to share but
hasn't found many who wanted our grain.
wheat.
Some traders thought this statement
might presage a drive on the departments
part to, get rid of some of our surplus.
Millers have contended this could be done
by raising the export subsidy. placing
American wheat in a better competitive
position in the world market
Evening star., 1950-10-18
Lively Buying Pushes
Stock Market Close
To New 2O-Year Mark
By the Associoted Press

NEW YORK, Oct. 18.-Lively
buying pushed the stock market
close to new 20-year high today.
Gains Of a few cents to around
81 a share were scored by nu-
merous key stocks before the ris-
ing price curve leveled off.
Steels, autos and rails were IA
vored, as they were yesterday.
Radio -television issues leaned
ahead.
Gillette Safety Razor bounced
about 81 a share following a pro-
posal to split the stock on a two
for-one basis. Nickel Plate Rail
way gained 81 or so for while
but was unable to retain the ad-
vance.
st. Regis Paper backed down in
the wake of an extra dividend
first since 1948. Evidently traders
were disappointed at the size of the
extra.
Railway issues tended higher in
the bond market. United States
Governments were shaded here
and there in overtime counter
dealings.
Evening star., 1950-10-18
New York Produce
NEW WORK. Dot 70 tn

NEW YORK. Oct. 1s tP,.13Butter, e7a-
cartons; Creamery higher than 8. score
tAA). 64A cents: 30 score tA). 64A: 90
60a4 ' '-
Cheese, 331.64s: steady. prices un-
chaneed.
:. Eggs: 10, 1857, steady. New York quota
tions fellow:
Midwestern: MIXED colors-Faney heavy
weights, 56-57: fancy heavyweights proc
53; extra l medium, 4142; extra / pull
let's, 32-33; current receipts, 3S; dirties,
341a-35; checks 80
Whites-Fancv heavyweights, 6O-61;
fancy heayyweights. processed refrigerators,
a. 4Q-45; eStra St 1 large, 5t-51: extra pull
Browns--Fancy heavyweights. 5s; extra
large, 81.
Nearby EXTRA fancy heavyweight quota
tions generally are based largely on ex-
change trading):
Whites-Extra fancy heavyweights. 64-
IS; fancy heavyweights, 61-62; others,
33la-34h
Browns-Extra fancy heavyweishts. 80;
fancy heavyweiehts. 51-5S. Others large,
b5-56; mediums. 43; pullets, 331,-34h.
Evening star., 1950-10-18
Market Averages

New England Gas g. Electric in
year ended September 80 earned
e2.531,3 or $1.40 a share VS..
&2,330,379 or $3.50 In 1949.
Evening star., 1950-10-18
FOREIGN Exchunqe

NEW YORK. Oct 1S LP-Foreign ex-
change rates follow Great Britain in dol
lars, other in cents: Canadian dollar in
New York open market, 514 per cent dis
Europe-Great Britain (pound) 2s0ls.
unchanged: Great Britain, 30-day futures
?.SO7s. UNCHANGED; Great Britain, 60-day
90-day futures, o,s17s, unchanged; Bel
gium francI. 1.99l2, up .004 of cent;
France drancl, .2SSs of a cent. unchanged
Holland tguilder). 26.21. UNCHANGED; Italy
liral; .16l2 OF cent, unchanged; Portugal
lescudol, $50, unchanged: Sweden (krona)
1897. UNCHANGED; Switzerland franc)
tree). % 96, unchanged
Latin America-Argentina free). 145,
unbalanced; Brazil tfree). 80. UNCHANGED;
iVar), 30.05. unchanged
Far East-Hong Kong dollar. 1880,
Evening star., 1950-10-18


fense situation. Col. Knowles will
have his headquarters here.
Elected to ID. c. Exchange.
The board of governors of the
Washington Stock Exchange yes
terday elected Edward F. Schultz
member of the exchange. He is
manager of the Washington office
of j. H. Drass & Co., at 1406 G
street NV.
Mergenthaler Linotype set a
new years high of 81 on the ex-
change at this mornings session.
1t was up a full point from the
last previous sale on a transfer of
five shares. Pepco common, the
favorite. added "a of point at IA.
Gail H. Morse, manager of the
W. & J. Sloane store here, has
been elected assistant vice presi-
dent of the company. He was
transferred from New York to
Washington in 1948 and became
manager last February.
Serves for so Years.
L. Bert Nye, resident vice presi-
dent and attorney in charge of
the mail route department of
American Surety Co. will COM
plete so years of service with his
company and in the surety and
insurance business in Washington
Friday.
Mr.. Nye is native of Washing
ton. He is a former president of
the Rotary Club and for 80 years
attended every annual convention
of the District Bankers Associa-
ton.
Smiths Transfer & Storage Co.
announced the promotion of
Marshall j. Summerlin from as
Sistant controller to controller.
j. A. Flynn has been appointed
assistant controller.
Evening star., 1950-10-18
Business Briefs

COoC Vi pOullu cdCIl O1 81 1OOQS In
general use, this week was un-
changed from the S6.48 of a week
ago. which is 1917 above the
$3.50 of year ago.-Dun g. Brad
street.
Edison Electric Institute re-
ported power production in week
ended October IA declined toI
6,508,591. 900 kilowatt hours VS..
6,513, TOT 900 in the previous week,
but was 1897 above the like week
of last year.
Railroad Revenues of Glass +
carriers in September were around
21.2oo above the like month year
ago. - Association of American
Railroads. Freight revenues were
about 24.5b higher and passenger
income showed a gain of 0.8rc in
the same month.
Member Firm Borrowings of
the New York Stock Exchange on
September 80 increased to $685.
17.442 from $842, ,00O,268 on Au-
gust 81 compared with S572, $780,
S24 a year earlier.
Western Maryland Railway Co.
asked ICC permission to reduce its
capitalization to $73,00o000 from
$78, 100000 and cut the interest
rate on the first preferred and re-
duce par of the common to s25
from $l00
| Kroger Co. sales in weeks
ended October 7 totaled $67,213,-
439, an increase of 14qo from a
year ago; for 10 months 644,927,-
727. an increase of SO over l949.
Liggett & Myers Tobacco Co.
announced an extra dividend of
81 a share and the quarterly of 81
on the common. Both payable
December l.
st. Regis Paper Co. announced
an extra dividend of 10 cents and
a quarterly payment of Is cents. !
both payable December |.
Pennsylvania Dixie Cement
Corp. in months ended Septem-
ber 80 earned $l,284,59S or S2.l3I
a share VS.. $808,345 or S1.34 in |
1949 period.
Parker Pen Co. in 6 months
ended August 81 earned $708,7 |
or $l.90 share VS.. $45S,49l or
$l.23 in 1949 period.
Ohio Edison Co. in year ended
September 80 earned $14,177,433
or 1922 share VS.. $12,802,182 or
$2.87 in 1949.
Houston Lighting & Power in
year ended September 80 earned
$6,530,992 or $4.03 share VS..
$5,393,358 or $3.74 in 1949.
Rochester Gas & Electric in year
ended September 80 earned So
473,986 VS.. $2,781, ,951 in 1949.
New York State Electric & Gas
in year ended September 80 earned
s5,931 $50 or $2.31 a share VS..
$4,972,119 or $1.87 in 1949.
MOnsanto Chemical In 8 months
ended September 80 earned $20,-
762,78l or SAB share VS.. SILL
555.833 or s2.48 in 1949 period.
Eaton Manufacturing Co. in 8
months ended September 80
earned $10,413,817 or $5.18 share
VS., s6,404,603 or 1888 in 1s4s
period.
Long Island Railroad in g.
months ended August 81 earned
$2,387,793 VS.. $3,554,284 in le49
period.
General Portland Cement in 81
months ended September sol
earned $4,571, 300 or $4.10 a share
VS.. $3,920,700 or 1881 in l949
period.
Associated Investment Co. in O.
months ended September 3OI
earned $8,004095 or $7.65 a share
VS.. s6,774,198 or $3.50 in 194s
period.
L. A. Young Spring g. Wire in
year ended July 81 earned $4,684,-
498 or $1l.46 a share VS.. SO, 3,698,7 753
or $9.05 in 1949.
Kaiser-Frazer Corp. announced
appointment of William w. Mona
han as vice president in charge
OF industrial relations.
American Bankers Association
elected John T. Mccarthy, of
Toledo, as board chairman.
Evening star., 1950-10-18
New York Cotton
NEW YORK. Oct. 1s tP,

NEW YORK, Oct. lS (P,.-Cotton fu-
lures prices continued to improve after
the early slump. Nearby March futures
sold at 80 cents a pound up S3.10 bale
and short covering met only scale-up
hedge offerings. The market displayed
a nervous tone in the face of conflict
ing reports on the Government policy
respecting cotton exports. Some hedging
against CCC cotton was in evidence today
Traders awaited further reports on the
it might bring period of unsettled
weather in the Eastern cotton belt and
slow harvesting of the crop
Noon prices were 80 cents to &4.15 a
cember, $500; March, $500, and May,
3S.1S.
Evening star., 1950-10-18
N. Y. Bond Market

LIST INCLUDES ONLY SELECTED ISSUES
Furnished BY the Associated PreSs.b
FOREIGN 1:15ICons Ed IS 79 1o5zs
Australia 6s 55 1o2hlcon Ed cv3s63 ll6iA
1t P Ut 2-3s77 37lhIDet Eu CIV 3s 5S 1l4l4
Peru 1st 6s 60 3o5sI GM&O 3s4s 50 1o2lA
Urug 41ss 70 o2lzl H8sM inc 6s 81 4Alh
NEW YORK CITY c4s 65- 1920
IS so 1152H,l !CCSL oS 63A- 1O55s
DOMESTIC 1.I5 IntGN 6s 81 46
Am Ai:l IS SO 81 lnt1N lstosoE ssTs
Am&FP 5s2O3U 96iAl Jam F6C As 69 20
AmT&I 3Lss59 121 LehVHTrm5sS4 1914
AmT&T 2As57 ll1lA Leh v As 2O03A 64lz
Am TNT 2&s6l 1o91s Leh v As 2003D 53ls
AmT&T 2s4sS2 eeh MKT ad bs67 o7zs
AtlRefin 2sss66 1o1 Mo-pac 5ks 40 81
B & o 6s 95J sllh Mo-Pac 5s n F 1oe5s
g. 90 bs95G "a Mo-Pac IS Sob 11oN
B6,O eva Ka2G10 63 Mo-Pac 5s 81 100
& O4s75A o5M Mo-Pac As rs 963A
Bos Me 4ks 20 So Nor g. Es 5s 55 S5
Bos Me As so 7sA Mor&Es 41as56 %
Bun R&P 81 st - NOTM 5s "a 1o2
Cap Airl IS COB 1o5ls N Y C 5s 2O13 1914
CGa 4Ias2O2OB 6oA NYC4hs2O13A 69A
Cen Ga 95 6olhI INYNHin4hs'22 81
CRRNJ BIAS 81 533A NYNHH4s2007 69A
C&O BIAS 96 D 1o1se PennRR 4IasG5 los
Chi 4 r l inc ~ So PenRR 4AsS4E 80
CGW 41ss 2038 80 Socony gas 76 S7zs
ChIS;i Az 2003 S. So Pac AIS 81 s63s
C&NW Alas 30 645z Soupac cv $3.50 llll4
CinUnTr2a4s74 lola So Rwy 1855 o5M
Col6So 4i2s so 1914 Tex Corp 3s IS los
COmlth Ed 3s 771o5zs Third Ave $3.50 26iA
Cons Ed 3S ~ 1O534iWis Cen As 40 82h
Evening star., 1950-10-18

MI "hs"h' cOuntancy SIdu'
uate of Southeastern University.
T E. Elgin, assistant cashier,
was promoted to assistant vice
president at the main Office. He
joined the bank in 1916 and is
past chairman of the safe deposit
section of the bankers associa-
ton.
Winfield S. Dampier and Law
renee I. Melton were advanced
to assistant cashiers. Mr.. Dampier
came to the bank in 1888 and is
manager of the consumer credit
department. Mr.. Melton, a men,
Der of the credit department, has
been with the bank 13 years.
Both are World War II veterans.
Trade Board to Get Award.
The Washington Board of Trade
will receive the Treasury Award
of Merit for outstanding co-opera-
ton with the Savings Bonds pro-
gram. particularly in the recent
independence Drive.
The award Will be presented
tonight at the Board of Trades
first general membership meeting
of the season. Thornton w.
Owen, president, will receive it
from Edward C. Baltz, chairman
of the District Savings Bonds Di-
vision.
The board widely publicized the
Independence Drive through the
Board of Trade News, its monthly
newspaper, and otherwise helped
to raise District sales to nearly
126 per cent of a SIS million
quota.
Named by U. S. Radiator.
United States Radiator Corp
has appointed Col Miles H.
Knowles vice president in charge
of defense production activities.
Evening star., 1950-10-18

Col. Knowles
Is we'll known
In the Capital
where he was
assigned to the
s e CT e t a ry of
Wars offic
d urin g World
w ar II a n d
handled con-
gressional in
vestiga tionS.
In order to
maintain close
c on t a C t with
the "a pidl y
l.
Evening star., 1950-10-18
THE EVENING STAR, Washington, D. c. ~ A-27


Burroughs Adding Machine Co.
announced an extra dividend Of
10 cents and a quarterly payment
of 20 cents, both payable Decem-
Der 10.
Evening star., 1950-10-18

Hourly Sales ON the Exchange Today:
l1;00 am $40 200 - W noon. olo 900
100 pm. $50 600 200 p.m.- 600 900
tUn1t OF trading 10 shares "1n panH-
ruptcy or reCeivership or being reorganized
assumed by s'Ich companies. Rates OF 0ivi-
dends In the foregoing table are .nnual
or semiannual declaration. Unless ether
Sc note9 speciai or extra dividends are
not included. CID Called. Ex dividend.
stock dividend Cash or stock. eDe-
clareo or oaid SO far this year. Payable
dend date Paid last year b Declared
or pad after stock dividend CT Bplit-up
tive issue with dividends in arrears. Paid
this yea dividend omitted. deferred or no
sakfn sf paEabe f5 dvdsnd
dating dividend. z Payable in stot T. exact
cash value undetermined ON declaration
Evening star., 1950-10-18

announced to-
day. Mr.. Wilson
will continue
his duties as
cashier.
AS Soci a ted
With the bank
for more than
IA years. MI .
Wilson is a
past chairman
of the auditors
section of the
District Bank
ers' Association.
He is an &C
Evening star., 1950-10-27
Rescue Truck Goinq
To False Alarm Hits
Auto; Three Injured

A fire rescue team, en- route to
what proved to be a false alarm
had plenty of action early today
When the truck collided with a
private auto at Seventh and D
streets NV. one fireman and two
passengers in the car were hurt
slightly. The unin1ured firemen
had to force open the doors of the
damaged car, which had smashed
show windows of the Hub Furni-
ture Co., on the southeast corner.
Driver Suffers Cut Ear.
Then the ambulance accom-
panying the rescue squad truck
took the injured to Emergency
Hospital. They. were:
William H. Steuart, SO, driver
of the rescue squad truck, who
suffered a cut on the ear.
Ray Dagget, 80, of 931 North
Kenmore street, Arlington, head
cuts.
Joseph Coffey, %, of 6s5 Arling-
ton Village. head cuts.
All were released after treat
ment.
Bar Reported Tear Gassed.
First Precint Capt. Howard A.
Covell said police are investigating
a complaint that one of the occu-
pants of the car had thrown a
tear gas bomb into the 10 Dell
Bar and Grill, in the 700 block of
Ninth street NV, and that they
were fleeing the scene at the time
of the accident.
Coffey, driver of the car, was
charged with unreasonable speed
and failing to yield the right Of
way to an emergency vehicle. The
case was continued until Novem-
ber 10 when brought up in Mu-
nicipal Court today.
In other traffic accidents, two
pedestrians were injured - one
critically-when struck by cars.
Woman, 80, Injured.
Mrs. Mary Stack, 80, of 4514
New Hampshire avenue NV,
suffered a fractured hip and head
injuries when struck by Car as
she alighted from a bus in front
of her home. Driver of the car,
Joseph N. Romm, 81, of the $500
block of Eastern avenue NV, is
to appear before a corporation
Evening star., 1950-10-27

come was $217,377,767 or $2.44 a
share against $198,73 1886 or 1922
a share in the like 1949 quarter
Provision for income taxes in the
third quarter was increased to
bring the total provision for the
nine months up to the AZ per
cent rate.
II the increase In the tax rate
had not been made retroactive to
the first of the year, the per share
earnings would have been IS cents
higher, or $2.79.
The report said there was no
doubt that war-scare buying was
factor in maintaining the strong
Evening star., 1950-10-27
BY the Assoeiaied Press

NEW YORK, Oct. 27.-Con-
tinued heavy demand for new
automobiles is reflected in the
General Motors Corps. report OF
record sales and profits in the first
nine months Of this year.
Sales in the first nine months,
said the report to more than
100000 stockholders. totalled S.
598, 8,769,332 compared with $4,458,-
079,585 in the corresponding period
of 1949 which was the previous
record year.
Net income was $702, ,655,15
equivalent to $3.50 per share of
the new common stock, compared
with $502,414,029. equivalent to
$3.50 a share on the new common
Evening star., 1950-10-27

stocks in the corresponding nine
months last year.
The profit also exceeded the
$685. ,434,232 for all of last year,
largest net income in history for
a single corporation in one year.
1t was after provision for the new
Federal corporate income tax rate
which was increased to ~ per cent
for 1850 from the 38 per cent on
1949 income.
The report, by c. E. Wilson,
president. and Alfred P. Sloan,
Jr., board chairman, was the first
since the two-for-one split earlier
this month of General Motors
approximately A million shares of
$40 par common stock into SO
million shares of S. par value.
For the third quarter, net in
Evening star., 1950-10-27
Mining Executive Dies

NEW YORK. Oct. 27, (R.-Hum-
phrey Wallingford Chadbourne,
66, retired mining firm executive,
died yesterday. A native of
Houghton. Mich, he retired sew
eral years ago as president of
the international Mining Corp, a
firm that mined gold and copper
in the United States, Canada,
Mexico and South America.
Evening star., 1950-10-27

demand for automobiles, but that
fear buying was subsiding as the
quarter ended, although demand
continued good.
1t said defense requirements
had not affected General Motors
production as the quarter ended,
and it was not possible to forecast
at this time how future defense
needs may affect the supply of
rubber, steel and other materials
needed in GIN commercial pro-
duction.