davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
VALUES INFLATED
IN STOCK MARKET
Closing of Year Finds List
Rising and Money Easy.
Farmers Boost Trade.

Special Dispatch to Tho star.
NEW YORK, December 2i-There
is a slight improvement in business
conditions discernble this week. The
outlook Of business men is beginning
to be favorably affected by the com.
pOsite picture of trade and the posi-.
ton of the money market, which is
invariably drawn in bright colors at
the end OF the wear. Obviously
rising stock market has its effect, even
though it. is admitted that prices have
long since outdIstanced values
Concretely, we have had this week,
evidence Of expansion in the iron and
steel industry in the form Of an in
creased percentage OF active plant Op-
erationS. "a decrease in the output Of
crude oil and some advances in prices
or crude and Of gasoline; a firmer tone
In metals: better summary of build.
ing statistics than for the past two
months; greater employment in the
automobile manufacturing districts: a
rather sharp decline in the commodity
prices index, and preparations for the
disbursement Of the largest sum Of
interest and dividend money that has
ever passed in January from corpora
tons to investors. experimenting
this are the remarkable dividends that
are to be declared by the large life in
surance companies to their policy hold
ers. rejecting year OF extraordinary
income on new business and on in
NeStnentS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
TREND IRREGULAR
IN CURB TRADING
Marconi of Canada Again
Feature-NeWmont Mining
Also Strong.
= By WILLIAM r. HEFFERNAN.
rcial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. December "a Trading
ruled active In the curb Exchange
around the opening today but as the
session were on. operations quoted
down and prices at the close displayed
Il good d1al of irrcgularity The mar
ket wins largely ii pre-holiday affair
as speculative interest ccntcred in n
comparatively small number OF issues
MarConi Of Canada again held the
oNntcr of the stage. advancing into
new high ground on Il tremendous
turnover.
Closely associated with the forward
movement were reports, prevalent in
Wall Street for sometime. that promi
nont interests affiliated with large
cable company were buying the stock
with view of gaining control.
Next in point of interest was New
mont Mining, which also established a
new high near 1879. Persons who were
largely instrumental in bringing about
the advance. were set down as large
buyers again today.
Apart from these issues, speculation
was rather quiet. in keeping with
which fluctuations were within mode
rate limits. Taken as whole. the
market was irregular. rejecting con
siderable profit taking.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
Inflated Stocks Take Toll.

In the end. NJ course. there Will he
people with stocks bought at prices
which wont I've duplicated agaiu for
many Years. just as Shere are tc>.av
other investors and spectators held.
tne land worth $40 an acre tor which
they paid Stoo an acre Is months aso.
os imitation in securities such aS is
now taking place and which will con-
tlnuc so long rs money rates are held
down In order Ia assist Europe 70 ~,
turn IL her normtI economic cunJi.
uOnS.
IL j. doubtful, .t the Federal Re.
serve koard. in establishing low re.
discount rates laSt Summer, believed
that these rates would further stlmu,
late II stock market that had been
tunNing along Without much inter
tTTence for - Wears and then Was
az level where bankers REGARDED
II As hlshiy dangerous. While the
average " prices Is nv hisher NOW
than II MAS then, there are scores
" individual stoVks selling very much
most " these StcfkS that the dis
parity EXISTS between the market
quotations and the actual value. l,,n,
SeuuentlV, the danger to which the
pnblir is sutJcctca Is detuitelN great.
at nNW than t has heen at auX time
since the huli market started. The
banking Interests may have UNIV II
unsN aroused the ~utul,tertns uv.
vt speculation and tuaN mud II ditsicult
~ control
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
S. A. L. HEAD TRANSFERS
HIS OFFICE TO NORFOLK

NORFOLK, Va. December "a P.
announcement of the transfer of
the official headquarters of l.. r.
Powell. recently elected president Of
the SeabOard Air Line Railway to
succeed the late s. Davies Warfleld
from Baltimore TO Norfolk. was made
today by w. II. King. jr. assistant
to Mr.. Powell. Other changes an.
nounced include the following:
The real estate and right of way
department in the future will report
10 the treasurer.
The freight claim department will
report IN the comptroller.
The development department will
report TO the first vice president in
charge OF traffic.
The position OF agent. executive de-
partment, at Miami. is abolished.
Transfer OF the operating depart
ment headquarters from Savannah TO
Norfolk has not been discussed nor
considered IL was stated by Mr.. King
Mr.. Powell will continue TO main.
tain an Office in Baltimore.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
BIG FERTILIZER OUTPUT
PLAN OF MANUFACTURERS
Special Dlspateh 10 The Star.

Special Dispatch to The star.
BALTIMORE. December 24.-Local
fertilizer and acid manufacturers plan
the largest production for tho trade
year ending June 80. 1928, since 1920.
Not only will the volume be greater.
but prices will be much higher.
In fact. manufacturers here already
have marked up quotations s. to So
n ton for mixed fertilizers and 81
ton for acid phosphates. Some manu-
facturers, it is reported. have sold
their entire output up to next June.
All new contracts have been booked
at the higher prices. but old contracts
will be filled at the prices current last
Fail. Fertilizer output for the trade
year 1928 will be at least 10 per cent
larger than it was for the 1927 trade
year. Production OF acid phosphdtes
will show an increase ranging between
10 and 30 per cent
Baltimore is one Of the largest fer
tilizerproducing cities in the coun-
try.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
BEEF PRICES RALLY.
Recover From Decline Due to Re-
cent Eastern Boycott.

CHICAGO. December - R).--The
recent beef boycott by Eastern inter
ests and the 81 To 81 decline in cattle
prices OF last week caused by the boy.
colt has been completely recovered.
Nerett c. Brown. president of the
Chicago Live Stock Exchange, said
in a statement yesterday.
1t IL becoming more apparent each
week. Brown said. that the supply Of
cattle in 1928 will not exceed the 1927
total. There IL pronounced shortage
on the range and the supply in feed
lots at the present time IL unusually
high. because Of high prices the cat.
tie feeders had TO pay for feeding cat
tie this Fall. the statement said. Any
attempt 10 raid cattle ar beef prices
the coming year are apt 70 he futile.
1t also looks as IL hogs and hog prod
ucts were now in II strong position.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
SOUTHEASTERN POWER
BUYS PENSACOLA GAS co,

PHILADELPHIA. December "a up.
The United Gas Improvement Co.
announces that II has disposed Of it's
controlling interest in the Pensacola
H'laD Gas Go. to the Southeastern
Power & Light Co.
The Southeastern Power & Light
Co. owns the electric company
in Pensacola.
The disposal of its holdings in Pensa.
cola is in accord with the policy to
dispose Of isolated properties and so
group its holdings to permit their
most economical operation, the United
Gas Co. stated.
The Pensacola Gas Co. was one Of
the first companies acquired by tho
United Gas Improvement Co. ii hav-
ing operated the plant since 1884.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
RAIL EARNINGS DROP.
Decline in 1927 for First Time
Since 1921, Railway Age SAYS.

CHICAGO. December "a @.-%rt
operating income Of American rail
ways will decline in 1927 for the first
time since 1921. the Railway Age de-
clares In an article published yester-
day the reduction in net operating
income for the first ten months Of this
year was stated to be 1876 .6V1 0GG. and
1T was predicted that the next year it
would be considerably more.
In every year since 1921. the maya
zine says, when total earnings have
increased there has been a smaller
increase In operating expenses. In
1877 there will be recorded reductions
OF both earnings and expenses: bat.
Tor the first time. the reduction in ex.
penses will be smaller than the re-.
duction OF earnings"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
WOOL PRICES FIRM.

BOSTON. Mass. December - tSpe-
cian.-Most Of the Boston wool houses
were closed today, but those that re.
manned open reported prices firm and
all have the satisfaction OF having
booked satisfactory volume this
week and month. Fine territory
combing was quoted at lie TO lis
clean basis, French combing. i06 TO
10, half blood. 100 To l.0J; three.
eighths blood. &c Ia rs. and quarter
blood. 81 To IS Ohio grade fleece
ranged from a. TO so
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
PLANS HUGE DIVIDEND.
Seattle National Bank Project In
wolves Total of 100000.

NEW YORK. December "a R.-
Directors OF the Seattle National
Bank will submit 10 stockholders on
January 10 proposal 10 authorize
IA stock dividend of 100 per cent.
declaration OF quarterly dividend Of
& per cent and special dividend OF
80 per cent, amounting to 5000, 900.
The special dividend is Ia he dis.
tributed with the understanding that
the amount will be used in paying for
stock OF Seattle national investment
company to he organized and con
Quoted in conjunction with the husi-
ness Of The bank These large pay.
inents are said TO indicate the return
OF prosperity To the Northwest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
HAS PROSPEROUS MONTH,

NEW WORM. peesmeer "a tsA ~~
The Northern tactne had ~ rGvslet>
Uus NoNen.l'er, net operattns taVSale
rtatng tn SSSfa.aS fenn sa,aAs .SSE IN
<n\cNher, taae, t,TNS@ revenues
showed 4 s(Ight SaN Ut ss,Sta >el
plNerAttng tbv,ane Ter II aonths, haw-
oNet MAS Slll, under the total tS,r the
vetresreud,ns lasa pegiVsi. taa ala.tfS
AGAINST So. go go,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
ELECTRICAL TRADE.

NEW YORK, December = Hp $3.50
einber business III ele1 iri'aI bnnl.
ness viii show good average, taking
The T,iIHtrY hs u Whole, with The
Volume hunIeWhut higher thnn In the
preceding month Electrical World Re.
ports tJrfnnud fot nu""f equipment .
copper transmission cable ana cop
per wire has Increased.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
PRICES ON PARIS RouRSE.

rARtS, hevemhcr - tH ~~~prt,es
we're stvadN on the Rnurse te>aN.
Three pee cent rentes. al francs -
veutt mVat exchange cn t.ontinn, IA
francs : cenStmes; ) yer cent ,ean.
~ francs ~ continues, The dsllar
Was quoted at - francs Ssss cen,
ttlhes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
STOCK DIVIDEND.

NEW YORK. December - LP.-
Electric Investors. Inc. declared
stock dividend Of three-fiftieths Of
share on the common stock. payable
in common stock January Is To hold
ers Of record December 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
Wall Street Features

NEW YORK. December - LP. An
necott Copper Co. To exchange it's
shares for those of the Utah Copper
Co. on basis OF :. shares OF kenne-
colt Tor | OF Utah. Al present prices
this works out AT about ISIS for Utah
Copper stock. which has been advanc-
ing day hy day as kenecott has risen
and is now 80 points above the low ri
the wear The offer WAS first made
about five years ago and kennecott
now owns between g. and 20 per cen,
of Utah's stock
CORN PRODUCTS rFD.-in al.
Vaucinc about points this week. Corn
Products per cent preferred stock
has risen we'll above United States
Steel ! per cent preferred. and now
gives an income return Of around I 80
per cent. ur less than many high.
grade public utility bonds.
EMPRESS COMPANY STOCKS
The advance in American Railway ~
press. American Express and Adams
Express Is based ON entirely different
conditions. With the FIRST II IN due
Ia The unusually heavy movement OF
express matter during the holiday SEA,
son. with the second the profits on the
sale ~ checks and letters Of creait
and the incomr from Investments, and
with tho third II represents an az,
probation in the assets Of tho conn.
panN. which ARE expected ~ he dis
ttihuttd To- shareholders IN some form
eventually.
ST. pAtI. RAILROAD. An eatlv
announcement ftum the Interstate
Commerce commission appruNiug the
reorganization plan OF the thirNgo
Milwaukee 4 81 taui ia auttVipAted
pn this expectation the preferred
shares have advanced Ia thu highest
NJ the wear nnd there - steady &C.
emulation 1T the new stocks and the
nnior hpudN 81 taul interests are
not greatly worried over the prospect
nf a consolidation at the Great North.
ern anu Northern Pacific. hetvNiug
that sentiment ot the Northwest IL
much opposed Ia such n merser.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
COKE PRICES Primer.

NEW YORK. December q CP).--
Coke prices are fjrrner in the Pits
burgh district, scarcity Of sta nda rd
furnace coke having increased the
strength Of the spot market. Ocra-
sionaily distress car lot may 10
picked up for less than s275. Recent
contracts were taken on the basis If
S2.s5 and $3.50 fiat.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24

NEW YORK. December % Or
American Beet Sugar Co, viii pro
duce about $50. 900 bags Of sugar.
100 pounds each. in the current crop.
saws n. Walter Leigh. president. Out.
put for the year ended March 81. 1927.
was i,23t.2s bags.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
BUSINESS FAILURES.

NEW YORK. December % Up
X. o. Dun & Co. reports 498 CONNER
clai failures in the United States this
week against SOB the week before and
491 year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
Baltimore. Markets

BALTIMORE, December - fSpe-
claib-~White potatoes. 100 pounds,
:. seal 90: barrel. l25a3.00; sweet pota-
toes. barrel. l.75a2 90: yams. barrel.
15a2 90: beans. bufhel. = .00a2 80;
f.eets. 360a4 90. Brussels sprouts.
quar-, I2a20: cabbage. 100, 2.00a4 90,
caulifiower. crate. ZZ5a2 80 carrots.
zoe. Z00a3.06; celery. crate, I.0Ga2 90.
ksIe. buShel. 2ja30; lettuce. crate. 80
a25a: onions. 800 pounds. ] qGa3 00,
peppers, crate. I25a2.23; parsnips.
basket, z0a50. oyster pla hts. 100. GOA
& 9e; peas. bushei. 2.25a2,75; spinach
lassheI, 75a1.25; Savoy cabbage. bushei
@Gs30; squash. crate, Ioga- 80 to,na.
toes. crate. 2.50as.50; turnips, basket.
2ss50.
Apples, basket I.Q6a2 50. barrel
? 50s7 90. cranberries. box. z25a5.T5.
gre pefrui' box. 351a4.5o; oranges,
hoy. { 0Gss 50: tsrgerinee. box, 75a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
Have You Been Stuny Yefs

Some men have to get stung good
and hard before they learn to be eau
tious in making investments. Before
you invest-investigate
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
BUYS 800 BUCKS.

*EW YORK. December - ND ~~
f"ilo" TaAt Corporation has houghi
600 BUICK thAlrhhs, costing ~ 900 bOG
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
Speculation on borrowed Money.

This weeks stock market again has
found satisfaction in every develop.
ment that seemed hopeful and has
gone on undisturbed by the mos, posi-.
tive signs and figures OF trade re.
action and declining profits. Heal val.
ues have In many cases ceased TO be
the factor OF attractiveness for a pub
lie that Is specializing on borrowed
money and in enormous volume II
is no longer what a stock is worth
but what IL may be sold for To the
next buyer that impels lis purchase.
The situation is very similar TO tina,
which characterized the final stage OF
the land booms in Florida and on
Long Island. Buyers ~ real estate
then knew that the property bsinc
taken UP was not by any measure OF
income return nr real ValuS worth
what they wers paying for il. bur al :
expected 10 he able TO pass IL along TO
some one else ~ a good trading profit,
The day came when bids were sudden.
ly withdrawn and a wear and Il hall
OF frozen market has followed.
There are just as extreme asses Of
generalization ot stocks today a.
there were " land values in Florida
IN 1923 and in the early part ~ 1925.
with this ditfcrence-;hat il is always
possible 10 sell a security AZ a price
ami the holder can effect a sranSaC-
uon II he is willing Ia take his loss
Another difference IS that hank loans
on securities are protected by hrge
margins and are liquid and seldom
CauSe cmharra SSment ~ a hank. This
Is not true ~ loans made ON real
estate by institutions III Florida or.
earlier. those On farm property in
Iowa aud Nebraska and IN the North.
western States. whose slow NQui,il.
ton has been ore ~ the barriers
against the return 10 prosperity since
The end W the dCfiatiOn period
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24

NEW YORK, December - RG.
Bar silver. 57>s. Mexican dollars. 44i4
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
Farm Buying Improves.

There also is to be added to this
set OF stimulating conditions the
rising purchasing power of the agri-
cultural States due to the value of
farm crops for 1927. estimated at
" 1900, 900 greater than in 1926. and
on which the Secretary OF Agricui-
ture bases his statement that "agri.
culture is better Off today than il
has been at any time in the last
six years. The effect Of this has
been transmitted to the securities OF
all companies that sell farming i'm.
PIGMENTS. as we'll as those whose BUSH
ness rises or falls with the fortunes
of the farmer.
There are still numerous evidences
Of stagnant and Improbable trade
They are 10 be found both in soft
and hard mining and distribution, in
motor accessory lines, in some
branches OF the textile industry, in
steam transportation where il is
closely identified with the movement
Of coal. iron and steel products and
automobiles. and among the thou
sands Of small merchants who are
struggling against a rising tide of
centralized control Of local and ma
tional merchandising
America business men do not react
very quickly TO events outside OF their
national boundaries. Therefore. the
sudden decision by Italy to place her
currency on gold basis this week has
50 far had little effect. When il is
followed. as il is bound TO be shortly
by sterilization in France and pos
sihiy in Spain. the Importance Of the
return OF practically all of the great
trading countries of Europe TO a sound
money basis will be recognized and
Will slowly take its place among the
constructive factors in national and
international life. There will probably
he some temporary disadvantages
from this program in the way of a
loss OF gold OF sufficient amount TO
sT!tfen the money rate here The
permanent advantages. however, out.
weigh all other considerations
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
NEW YORK CURB MARKET
Received BY Private Wire Direct to The Star Office

Following Is tho list of stocks and
bonds traded in on the New York
curb Market today:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24

NEW YORK. pertmher "a an tNr,
eihn exchanges steady quotations un
tentsl. Great taitain, demand, lSfAS
eahles ass ala. tn,iav hhis on hanks.
AN iat6 France. temand SASNS
cables, aASA Italy, demand az,
Vahlvs, 9tl4
Demand Reisium. laaSts, Oern,a,
ny. "a ~: tlotiand. AZ ~, NORWAY.
II 6a sweden, 81 80 Denmark. 20 50,
SN ttserland lh34t9 Sraia, ii fnAa
uteoee, l.aaA t'utanA llsA, t4eehu,
uioNaklai a0t, luAostN,a, l}61l ,
Austria. tlte. kunauta, ,d1ts; Atseu.
tina. A. Is htAaii ts.oa. Tohtn III 30
ShnnAhat, 81 81 "a Montreal. ~ san,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
Dairy Farm Products.

Liye Poultry Turkeys, pound. ga
a., old: 35a3s: poor and crooked
breasts, %: Spring chickens. 25a2G leg.
horns. 25a25 pDpr and thin. j.a2D
ols hens, 2paz5: iegborne. I7a1S roosi
efs. I5aTg; ducks. 2ia2E, small and
g,,or. ltazG. geese. 2Vaz3' pigeons, pair,
2Ga3g: guinea fowls. eacn. 4oaE5
dressed Poultry pound
zGa45, old toms. 30aHs. poor and
crooked bre8s'E -: young chickens
15a27. old. ZZa=G, old ROSTERS, 1G8I7
ducks, Zsa2g, geese. Z232O.
Eees~-RecclptF. l72s cas"a, native
and nearby current receipts ia ffeo
tases, dozen. $685., stricuy fresh
dozen 42aS4.
gsutteF-G GOOD 20. fancy creamery
Mound. ssa54 prints g4a.g. blDckH,
f2aGg; ladies a7a5s rolf 3sa1G, store
packed. z2a55 process byft~r, 3ta42
dairy prints. 3faHg.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24

AMERICAN THROWN HnNEKt
" NJ tumk. chairman W AmettNn
htovu teti hieCtri0 Corporation.
aaa heulh SuVtea lta president,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-24
FOREIGN EXCHANGE,

tQuotations FURNISHED uv " II ntt,hs 4 co..
Mammal sold ~elltns checks
NA}Na tttEt. tHtfAN
1 tttttt
New Britain herald., 1927-04-08
Once Scarce. Deer Now
 Are Menace to CrOps

Burlington, x. J.. April 8. LI- Deer, once reduced to less than 100 III New Jersey, are now so plentiful that farmers are demanding permis- sion to shoot doe for two days after each regular four-day hunting sea- son as means of protecting crops
 sportsmen are against any such legislation on the grounds that it will wipe out their game in a few years.
 Thirty years ago New Jerseys deer population was at rock bot tom. In 1899 a ten year closed season was ordered and 200 deer imported. mostly from Virginia. The shooting of bucks four days each year has been permitted since 1909.
 Despite deer drives at Weymouth and elsewhere. with the chatter of tin pans. cowbclls and horns 10 frighten the deer from their hiding places 10 vantage points concealing hunters, the animals have multi piled rapidly, Last year l.7oO bucks were killed and the fish and game commission estimates there are 1S,oo0 buck and 3ooOo doe in the wild territory Of south Jersey.
New Britain herald., 1927-04-08
University Enrolls
 Prisoners as Students;

Naupun, Wis. April s. On a campus enclosed by gray stone walls a hundred numbered students plod the road of higher learning at Wis consln's state ponit"ntiary
 They are undergraduate of the University of Wisconsin, enrolled through the schools extension di- vision, and they pay tuition just like their classmates outside the institution. Some of the prisoner take college courses just to while away the time, but most of them are training themselves for the day when they will be free.
 The men are given study periods by Oscar Lee, warden, and many of them take their books to the fields of the prison farm in spring or sum- mer, absorbing culture during the rest periods. Some TOO prisoners have completed extension courses since the privilege was granted 10 penitentiary inmates.