davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
CROP OUTLOOK AS GOOD
AS 1926, US. REPORT SAYS
Heavy Curtailment of Cotton Acre
age Advised in Government Data.
Potato Planting Heavy.

BY the Associated Press.
The outlook for agriculture the COM
ing season is at least as good as a
year ago. and lit is possible for con-
ditions to improve materially IL effec-
tive readjustment is made in acreages
OF cotton and certain other cash
crops, and IL the growing season
proves fairly normal" the Department
of Agriculture declared yesterday in
its February report on the farm situa-
ton.
Unless there is drastic cut in cot
ton acreage or near crop failure, the
report said. cotton supplies will be
heavy next Fall" The difficulty of
substituting alternative crops for
cotton lis recognized" it added, "but
there seems to be general agreement
that the South would profit by curtail.
ing cotton acreage, even up to 80 per
cent reduction"
With about Al zoo, 900 acres. of Win.
ter wheat in the ground, which is s
per cent more than g year ago, the
report said, "any substantial increase
in Spring wheat acreage would be apt
to put all hard wheat on an export
basis next Fall"
A strong probability that farmers
will plant an excessive acreage of DO.
tatoes this Spring was seen by the
department, which said reports indi.
cate an increase of about Is per cent
over 1926.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
Wall Street Briefs

NEW YORK, February 2 CP1.-Net
loss Of $820.S01 for 1925 is reported by
Pressed Steel Car Co, in contrast to
net income of $939,O49 in 1925.
Earnings reports of az railroads for
December show aggregate net operat-
ing income OF $50, 779 900. decrease
Of 1917 per cent under December,
1925, and 1873 per cent below Novem-
Der. 1926. On this basis, net for all
class l carriers Is estimated at $685..
100000 against $94 ,656,512 year ago,
representing one months return at
the rate OF 4.6e per cent
Reported accumulation of the shares
of Remington Typewriter Co. is being
linked in the financial district with
talk of a possible combination with
Rand Kardex Bureau or Burroughs
Adding Machine.
Kuhn, Loeb & Co. will receive on
the Olympic q shipment of about
500. 900 pounds sterling in South Afri-
can gold bought in the open market.
The insolvency index of r. c. Dun
& Co. for January is higher than a
year ago and is in excess of the Ave
year average period. A ratio of 141.9
contrasts with 1899 for the same time
a year ago. This is ATS points higher
for January than it was for Decem-
Der. a gain Of "a per cent. CONNER.
ciai failures in January were 2,465--
the highest for any month since
January, 1922. and is 10 per cent
above December failures and 7Is per
cent more than in January. 1895.
Liabilities increased to $51,290,2S2.
Tidal Usage Oil Co.. subsidiary of
Underwater Oil, is redeeming all of it's
outstanding bonds at 1929 and ac-
crued interest. Par value of 81 .400, 600
! u lnYNaXeds
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
WHEAT PRICES RISE
AFTEREARLYDR DROP
Export Figures Have Bearish
Effect on Values Today, Fol-
lowing Sag at Opening.

BY the Associated Press.
CHICAGO, February with es-
Inmates current that the United States
can hereafter export less than 2,00o,-
900 bushels of wheat this season.
wheat developed early firmness today.
On the other hand. vessel chartering
from Argentina and Australia was re-
ported very active. Starting unchang-
ed to 4 higher, wheat sagged little
and then scored an advance all
around. Corn, oats and provisions
were easy, corn opening unchanged
to Is of and subsequently averaging
lower.
A leading authority figured today
that practically every available
bushel of United States wheat can be
sent abroad this season. Average
exports of domestic wheat during the
last five years for the final % weeks
of the crop season have been 45,50O,-
600 bushels, an amount but little in
excess Of the present United States
surplus and allowing an export rate
hereafter not to exceed 100000
bushels a week until July / next.
Houses with eastern connections
were principal buyers of wheat
futures here at times today. This
purchasing was associated with re-
ports that the movement Of wheat to
Kansas City from interior points was
diminishing. Talk was also heard
that export business of the Canadian
growers pool today appeared to be
of liberal volume, 100000 bushels
or more.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02

but none the less potent phrase, bust
ness efficiency"
A large number of representative
concerns have adopted the bonus plan
of rewarding production executives.
Out of 81 companies studied in a sur
vey by the policy holders bureau of
the Metropolitan Life Insurance Co.,
%. or about one-third, have an extra
compensation arrangement with their
superintendent. Moreover, the heads
of a considerable number of others
declare that they believe in the prin-
ciples of such plans and that they are
taking steps to put such a program
into operation in the near future.
Share i'm the Profits.
In most instances, extra compen
sation plans for chief production
executives take the form of a share
in net profits at the end of the year.
The Motor Wheel Corp. reports
favorably on the operation of such a
plan. The workers of the Monitor
Controller Co, who receive extra COM
pensation, urged that their produc-
ton executive should also get extra
incentives.
C. S. Redding, treasurer and factory
manager of Leeds & Northrup Co, in
giving practical mans angle on this
newer business philosophy, said:
I'VE are convinced in our mind
that a bonus arrangement in which
production officials can see the results
Of their work in direct returns to
their pocketbooks is very desirable
and very much worth while. Few
individuals fail to respond to the spur
of reward for increased effort"
The principle of bonuses in direct
I4zI &c II
earlier adopted in rewarding sales
executives.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

MANCHESTER, N. H., February
2--Offlcials of the Amoskeag Manu-
featuring Co. are making strong pro-
tests against present tax rates here,
They say they are being taxed at the
rate OF $25 spindle, and point out
that the Tremond and Suffolk prop
erty recently was sold on basis of
$3.50 a spindle.
NEW ORLEANS Jobbing and
wholesale trade in this territory has
slowed down In the last two weeks
and collections are slow. This is at
tributed TO low cotton, rice and other
farm products prices.
CLOQUET. Minn--Continued heavy
SHOWS throughout the Minnesota
north woods and extremely cold
weather have made sleighing good this
year and cuts of logs for lumber mills
are heavy.
SACRAMENTO Farm value OF
California vegetables amounted to
about sec, 900. 900 in the last year and
acreage planted this season promises
to show an increase. Farmers say,
however, the margin OF profit has
narrowed
DETROIT.-Appleg growers in Mich.
igan are seriously considering packing
part of their 1927 output in boxes
instead of barrels or baskets, as here
tofore. They hope in this manner
to combat the entry of Western apples
into Michigan, markets.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
THE BUSINESS OF GETTING
AHEAD.
Rewarding Meritorious Service.

Where men do non-routine work
they can frequently be stimulated by
graduated rewards in accordance
with the nature of the service rem
dered.
A straight salary is frequently the
least satisfactory method of COM
pensating services in which origi-
nality and the spirit OF creation are
important factors.
Money rewards are not the only
form of recognition, though without
them other gestures from employers
are likely to be in vain. But even
high wages and high salaries can well
be supplemented with other honors.
The New York Building Guild has re.
Gently been taking a leaf from govern
ments and armies in singing out and
citing for meritorious services ar
tisans who did conspicuously fine work
in helping to erect building.
Practice i'm Infancy.
Such forms of recognition to the
lower strata of employees Is In it's in
fancy, but employers generally should
be encouraged to develop along these
lines, Such stimuli to the competitive
impulses tend to turn drab work into
an interesting contest.
In speaking of rewarding higher
types OF employees, Charles M. Schwab
once expressed his policy as follows:
II might be glad TO pay, as indeed
I have paid, an exceptional executive
more for q years work than 500. 900.
1 should, however, never willingly pay
it as salary. Such an amount should
be given only as reward for definite
operation results accomplished, manu-
featuring costs reduced, waste elimi-
mated, metallursical and other proc
esses simplifed, new and cheaper
sources OF raw materials discovered
in q word, for the achievement of
Ml1atIxAaxpressed Aus1z aAaxezcEzu a2aRgo
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
COURT RULING ASKED
ON BOOTLEGGERS' TAX
Government Wants to Know
Whether Liquor Sale Profits
Are Taxable.

A Supreme Court ruling as to
whether bootleggers must pay a. Fed
eral income tax upon their liquor sales
profits or submit tax returns showing
such business is sought by the Gov
eminent.
The questions arose in case from
Charleston, S. c., where Manly S. Sui
Ivan refused to report tax returns on
alleged bootleg profits. He took the
position that income tax returns could
not be compelled nor the levies i'm.
posed on gain derived from criminal
operations.
The District Court held the taxes
and returns could be compelled, but
the Circuit Court of Appeals reversed
it's decision. In asking the Supreme
Court to review the case, the Govern
ment pointed out that the Treasury
Department had collected taxes on in.
come known to have been derived
from criminal operations, and for the
proper administration of the income
tax laws it was highly important to
have a final ruling on the question.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
EVERYMAN'S
INVESTMENTS

BY GEORGE T. HUGHES.

Many investors insist on buying
only securities listed on some ex-
change. They believe that unless q
stock or a. bond 10 30 listed 1t - not
marketable, that is not easily sold Il
they wish to reaiise on short notice-
Nothing could be farther from tho
truth. Many securities, both stocks
and bonds, unlisted have a better
market than listed ones.
The advantage that the listed se-
curity has over the unlisted is that
the market price Is a matter Of Official
record. In what is called the ''over
the counter" market, however, there
is active dealing every business day
OF the year In a long list Of securities
involving large blocks and at q. small
spread between the bid and the asked
price.
Purchases and sales are not, Of
course, made literally over the
counter; the trades are closed by tele-
phone between the investment houses
and the dealers who make a speciality
of this business This trading includes
lin bonds, at least-listed as well as
unlisted securities. Some of the
largest dealings in active bonds are
made outside the stock exchange, al
though the bonds in question are list
ed and actively dealt in ION the
board"
The real market for the preferred
stocks of many public utility operat-
ing companies is "over the counter"
y I'D not on any exchange. Simply be-
cause so many investors are distrust'
fun of any stock which is not listed
these unlisted shares and especially
in the utility group are obtainable to
give O. higher return than listed stocks
of the same grade. In many instances
the investor pays q premium for list
ing which is entirely unnecessary If
safety and return are the prime con
siderations.
These remarks apply with more
force to utilities than to industrial
stocks. The reason for the distinction
is simply that earnings of utility com
panies are so much more stable than
those of industrials that there is not
the same necessity for keeping in close
touch with the market price.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
WICK CHEMICAL PROFITS.

GREENSBORO. N. c., February 2
OO.-The Wick Chemical Co. made a
net profit of 23,813.73 during the
six months ending December 81, an in
crease of approximately $4,000 over
the same period the preceding year, it
was announced at the offices here yes
terday This is equivalent to $3.S1 on
each of the 100000 shares of no par
value stock outstanding. Quarterly
dividend checks for STU cents on each
share were mailed to stockholders
yesterday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
WILL RESUME PARLEYs.

NEW YORK, February 2 R).-
After the arrival here yesterday of
o. p. and NJ. j. Van Sweringen of
Cleveland it is understood that con-
ferences with minority stockholders
of the Chesapeake and Ohio regard
ing differences of opinion over the
new Nickel Plate" merger plan are
to be resumed within a day or two.
Although George S. Kemp of Rich
mond, Va, head of the minority
group. had not yet arrived, he is
expected to reach New York for the
conference some time this week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
New Orleans MarIxet.
A Fool and Hin Money.

the fact that a stock certificate ii
printed in fancy green scrollwork IN
no proof that 1t is worth any more
than ordinary wall paper. Thousands
or people in Washington would have
asked their banker to tell them what
he knew Of some supposedly wonder.
full investment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02

AKRON, Ohio. February 2 Or
Net sales OF the Seiberling Rubber
Co. for 1926 were $14,920, 294.0S, an
increase of $4.350,771.31. or Ais per
cent, over the previous year. Net
profits after charges, including pre-
ferred stock payments. passed to
surplus. were $3.50. 117.01, making the
total surplus applicable to the COM
mon stock 1891, 242.90, or $3.50 a
share on the common.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
DIVIDEND INCREASED.

SAN FRANCISCO, February Up.
The regular dividend rate of the
Standard Oil Co. of California yester-
day was increased from an annual
basis OF 81 per share to $3.50 per
share. A regular quarterly dividend
of 621z cents per share was declared
on the company's outstanding stock,
and an extra dividend was announced,
amounting to 1914 cents per share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
EARNINGS SET RECORD.

BALTIMORE, February (SpeciaD.
Gross earnings OF the Consolidated
Gas, Electric Light and Power Co.
which controls these two public utili-
ties in Baltimore. in 1926 exceeded
any year in the company's history.
according to the operating statements
filed with the Public Service Commits.
sion. They aggregated 24,710,603,
compared with $22, 746,142 in 1925, the
previous peak year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
BUY RoLLER.BEARING CARS.

NEW YORK, February LP).--The
Hyatt roller bearing division of Cen
eral Motors has received an order
from the Chicago & North Western
Railroad for 100 Hyatt roller bearing
equipped cars. The Rock Island also
has started a test program on it's
passenger coaches with an order for
Is cars with the same bearings.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
AUBURN AUTO EARNINGS.

CHICAGO, February 2 CP.-Net
earnings of $94s,131 for 1926, as com.
pared with $756,6S6 for the year pre-.
ceding, were made public yesterday in
the annual report OF the Auburn Au.
tomobile Co. This IN at the rate of
Willy per share on 1929 shares of
capital stock outstanding.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
EARNS 500 A SHARE.

NEW YORK. February 2 GP).--
Goodall Rubber Co. of New York and
Philadelphia reports net earnings of
$64 500 for 1926, or about sos a share
on the outstanding common stock An
extra Of SIS and the regular dividend
of So share were declared, both pay
able In cash.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
POTATO MARKET DULL.

CHICAGO. February 2 GP.-Pota-
toes-Receipts, 70 cars; on track, 236;
total United States shipments. 704; de,
mand and trading slow, market dull;
Wisconsin sacked round whites, 2.00a
go; mostly, 2.05a2.10 ungraded l so:
Idaho sacked russets, 2.70a2. S5; most.
~, 2.7Sa2.S0; commercial pack, 2.5Oa
$50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
FARMERS ARE MEETING.

DETROIT, February 2 (SpeciaD.
More than 80 Michigan agricultural
organizations are holding meetings
here this week, which is farmers
week, at the Michigan State College.
Special attention is being given the
danger from the corn borer and the
growing qualities of potatoes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
METROPOLITAN PROFIT.

NEW YORK, February P).-
Metro-Goldwyn Pictures Corporation
reports profit of $5S3,732, before Fed
eral taxes, for the IL weeks ended No
vember 20, 1926, against $311. 800 in
the same period of 1925.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
PRICES ON PARIS BoURsE.

PARIS, February Up. - Prices
We're irregular on the Bourse today.
Three per cent rentes, So francs 40
confines; exchange on London, 1913
francs % centimes; five per cent loan.
So francs 20 confines. The dollar
was Quoted at rs francs AZ confines.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
WILL BUY ENGINES.

NEW YORK, FEBRUARY tP9.-The
Boston and Main Railroad plans to
purchase rs fast freight engines in a
few months One will be q trial
Diesel direct-drive locomotive, to be
manufactured by the F'reid Krupp
Works, at Essen, Germany.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
ELECTED TO DIRECTORATE.

NEW YORK, February R).-W.
H. Foster, president of General Fire
proofng Co., has been elected d.
rector of Trumbull Steel, succeeding
w. III. B. Ward, former vice president
and general manager.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
PRICES ARE STEADY !
IN COTTON MARKET
Early Sag Overcome on Gov
ering and Trade Buying.
Offerings Light.

By the Associated Press.
NEW YORK, February 2.-The cot
ton market opened barely steady to-
day at decline Of 3 to points under
local liquidation and a little Southern
selling. Offerings were light, however,
while Liverpool made q fairly steady
showing. Prices here soon steadied on
covering or little buying for trade
account. May sold mp from 1880 and
October from 1924 to 1897, with the
market about net unchanged to g
points higher at the end OF the nrst
hour.
Private cables said trading in IAver.
pool was restricted by the Chinese mt-
uation, but reported continued good
demand for cotton goods in Man,
eheeesc.
New Orleans Market.
NEW ORLEANS, February 2 %
A bunish weekly weather report and
trade buying. which developed soon
after the opening, enabled prices in
the cotton market today to gain 4 to S
points from opening losses OF to 4
points. On the advance March was
trading at 1892, May 1880 and July
1858. Liverpool cables were disap-
pointing and the opening tone here
WIS easier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02

NEW YORK, February CP-
Associated Oil Co. declared an extra
dividend of 10 cents and the regular
quarterly Of SO cents. Similar dis
tributions were made in three pre-
ceding quarters.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
EARNINGS s7.27 A SHARE

NEW YORK, February 2 OR.-
Pennsylvania-D Dixie Cement Corpora
ton reports profit of $5,195,0s3 for
1925. Balance applicable TO the com
mon stock, after charges and prefer
red dividends, was equal to $7.27 a
share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
NEW YORK MARKETS,

NEW YORK, February 2 Op.-Rye
Firm; No. 2 Western, 1.1sh fob.
New York and lit elf. export. Bar
iey--<Quiet; mating. S9Aa91% elf.
New York. Wheat futures opened
steady; domestic May, 1.44Ss Other
articles unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
POULTRY PRICES STEADY.

CHICAGO, February CP).-Poul-
try-Alive, steady; receipts, l car;
fowls, 20; springs, q; turkeys. 80;
ROSTERS, 20; ducks, 20a32; geese, %.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02
NEW YORK CURB MARKET
Received by Private Wire Direc@ TO The Star Once
INDUSTRIAL,

Following is a list of bonds and
stocks traded in on the New York
Curb Market today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-02

NEW YORK, February (P1.-Net
loss OF $820.S01 for 1926 lis reported by
Pressed Steel Car Co, in contrast to
net income of 1899 .049 in 1926
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-14

Saenger, District, OF Columbia: EN-.
NETT F. Salter, District of Columbia;
Frederick J. Scheel, New York; julius
ELI SCHNEIDER, Maryland: Maurice /.
Schlein, District of Columbia; Mary l..
Schneider, Iowa; Lee Wayne Schwalm,
Pennsylvania; Paul A. Sebastian, Dis
trict of Columbia; Douglas A Seeley.
District of Columbia; Robert John
Service, Illinois; James Shenos, Dis
trict OF Columbia; Thomas James
Sheridan, District Of Columbia; Will
liam T. Sherwood, District of Column
bia; Herschel Sylvester Smith, In.
diana; Walter Ray Smith, Kentucky;
Morton L. Stannard, New York;
Frank McNaulty Steadman, Virginia.;
Emily Sutherland Steele, Massachu-
sets; Roy NJ. Stockman, Maryland;
Charles II. Storms, Minnesota; Schu-
bert A. Stricklett. Ohio; Robert Henry
Studier, New York; Mary Catherine
Sullivan. Massachusetts: Edward
Swartz, District of Columbia; Arthur
Synons, Michigan; Ben e. Thompson,
Georgia: Howard f. Thompson, Dis
trict of Columbia; Edward F. Tierney,
Virginia; Francis w. Trap, District
of Columbia; w. Burton Uppercue.
District of Columbia; Zena l.. Wallach,
New York; Joseph Charles Walter,
District of Columbia; Joseph Daugh-
erty Warren, Oklahoma: Robert III.
WATSON, New York; Vincent 3.
Waters, Ohio; Edward Hood Watson,
District of Columbia; Kassel Vein
stein, District of Columbia; Joseph
Whitehead, jr., Virginia; William
Thomas Wilkinson, Pennsylvania; Mil
ton Leigh Williams, Mississippi: Mar
shall c., Wiseheart. Illinois; William 3.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-14

Otto Hugo Marquer, New York; James
]. Marren, Connecticut; James Mark
ham Marshall, Virginia; William
Frederick Martin, District of Column
hia: Paul Maynard, Georgia: Henry K.
Meicher, Massachusetts,; Emil Karl
Meiin. Connecticut; Adrian A. Merrill,
Utah: Clarence w. Miller, Pennsyl-
vania; Frederick r. Miller, New York;
Reuben X. MilIstein, District of Co
lumbia; Anthony Montaquila, Rhode
Island: James Patrick Morgan, New
York; Donald r. Mote, Indiana: George
Thompson Motlow. District of Column
bia: Samuel A. Munday, Maryland;
Catherine e. Myers, District of Co
iumbia; John Francis McCabe, District
of Columbia; Charles d. McCadden,
District of Columbia; John Francis
McKenna, District of Columbia; Henry
d. Mclean, Texas: Henry NJ. OLough-
lin. Connecticut: John Francis O'Neill,
Massachusetts; NJ. Estella O'Rourke,
Iowa; John Joseph Orlosky. Pennsyl.
vania; c. Clifton Owens, jr., Virginia;
Francis Joseph Poland, Rhode Island;
Alfonso S. Perales, Texas; George FL
ward Pickett, Sd, District of Columbia;
Louis w. Plowman, Florida; Alan
Huston Pottinger, Maryland; Elmer
William Pratt, Utah; Bernard Joseph
Preston. Maryland; Elias Morgan
Pryse, District of Columbia; James
Hunter Pugh, Maryland; Oreal d.
Rainault, Massachusetts; Craig l..
Reddish, Missouri; Arthur L. Reed,
Virginia: Clement Taylor Robertson,
New York; Lawrence E. Roland, Vir.
GINA; Frank Rotella, New Jersey;
Sol Rothbard. New York; John X.
Russell, South Carolina; William j.