davidaulloa/AmericanStories huggingface dataset:
Evening star., 1927-05-24
TREND DOWNWARD
IN BOND MARKET
Higher Call Money and In
crease in Brokers' Loans
Are Factors.
BY CHARLES II. SPEARE.
naeiaI nisuatrb 10 The Star

NEW YORK. May 24-With the
renewal rate today at AZ per cent
and another large increase in brokers'
loans dealers in highgrade bonds took
a somewhat pessimistic view of the
outlook. This was reflected IN frac-
tionally lower prices.
On the other hand. the prospect of
some developments soon in connection
with the unredeemed portion of the
second Liberty loan and also the $37S,-
669 900 certificates Of indebtedness
which mature on June Is helped both
the United States Liberty fourth i u s
and the United states Treasury IA S
and As.
Banks have been buying Govern
ment securities again. The Federal
Reserve Boards statement this week
shows an increase in United States
securities of S23 ,000,000 and in all
Investments, compared with a year
ago. of 1898 100000.
There were several movements of
interest in the industrial list. Dawson
Chemical 612s advanced nearly points
to about par. Pierce Arrow IS, which
broke to 9l15 recently, sold at 100 A.
There was more than usual activity
in Hershey Chocolate 5l2s at an adj
vance of -. Sinclair 6 IS and rs were
firm, as were Dodge 6s. but with no
rally in United States Rubber 5s.
Speculative railroad bonds We're
mainly higher including Seaboard Air
Line adjustments, which rose a point,
as did Erie convertible "Ds," with
small gains in Great Western As and
Denver G. Rio Grande Western SIS,
Missouri Pacific is were heavy. Ches-
apeake Corporation 5s showed the eff
feet of some profit-taking. Southern
Railway 612s moved up q, approXi-
mating the previous high of the year.
In the foreign department a fea-
ture was the advance in Poland SIS in
anticipation of the Offering here
shortly of a part of the $70,000,000 Z
per cent loan just negotiated. French
and Belgium issues held about where
they had been. There has been some
selling the last few days in Norway
Government 6S.
Cuba expects to take up her float
ing, debt with a 20-year per cent
bond. There are now four Cuban dol
lar issues listed here in the amount
of S78, 100000 All Of them are Sc
cured by customs receipts. OF the
original issues S33 10000 600 have been
retired by purchases for the sinking
fund.
Evening star., 1927-05-24
New Bond Issues

NEW YORK, May "a (SpeciaD.-
Offering is being made today of an
issue of $4,000, 900 Southwest Gas Co.
first closed mortgage 61a per cent
sinking fund gold bonds with stock
purchase warrants maturing May i.
1887. The bonds are being marketed
by Edmund Seymour & Co, Inc;
Faxon Gade & Co, Inc, and Glidden
Morris & Co. at 9812, to yield over
go per cent.
A. new issue of $4,000 General
Telephone Co. one year per cent
collateral trust gold notes, priced at
80, is being offered by True, Weber
& Co. and Hale, Waters & Co., to
yield over per cent.
L. A. Pierce & Co. announce the
sale of an issue of $1,000 900 Inter
type Corporation 15-year SIG per cent
debentures at 9912.
Offering is expected shortly of an
issue of $4,000, 900 bonds of the Ter
minals and Transportation Corpora
Bertles and Spencer Trask & Co,
Bertles and Spencer Trash & Co.
These bonds constitute a part of the
financing for the development of ex-
tensive terminal and transportation
facilities on the Great Lakes, involv-
ing a total cost of approximately
$40, ,000,0 900.
New financing for the J. A. Mahl-
stedt Lumber & Coal Co, in the form
of ST, 900 new year 61a per cent
debentures, has been arranged by a
banking group composed of Peabody,
Houghteling & CO., Inc. and w. w.
Townsend & Co. Inc. An early offer
Ing of the bonds is expected.
Evening star., 1927-05-24
Markets at a Glance

NEW: YORK (P.-Stocks steady;
Baldwins reaches 219, record high.
Bonds quiet; Polish IS active. Foreign
exchanges firm; Dutch guilders cross
40 centa, Cotton easy; rains in dry
secticnsl Texas sugar lower; easier
spot masrket. Coffee higher; steady
Braziliah markets.
CHICAGO.-Wheat strong; reduced
cropg prsaspects. Corn strong: wet
weathert delaying seeding. Cattle
Irregular. Hogs weak.
Evening star., 1927-05-24
MISCELLANEOUS.
Divorce Stamps Suggested.

eff the chancellor of the exchequer
really desires an additional source of
revenue, he might consider the desir-
ability of issuing decree nisi postage
stamps at the post office" remarked
the lord chief justice in Leeds. Eng
land, recently, after hearing so OF "
undefended divorce petitions in one
day. After hearing IL of them he ask.
ed the counsel appearing for the
twelfth, Cant you or some other in.
genious member of the bar devise a
plan whereby judge can hear doz-
en- cases simultaneously. and thus save
timer" In one case of damage for
81 900 claimed by a husband for the
loss of his wife, the lord chief JUS
tice said. II am asked in the absence
of jury to put a money value on the
worth of this wife to her husband.
and award two shillings and six.
pence which tsaequivalent to about
60 cents in this isFcountry
Evening star., 1927-05-24
TREASURY CERTIFICATES.

tReported by ]. & W. seligman & Co.,
Evening star., 1927-05-24
Washington Stock Exchange
SAFES

SALES.
Barber & Ross Gl$s-S3 900 at ,q7
CAPITAL Traction Co.-3 at l0i u. at
104 u. 10 at 1O4 =. 20 at lot X
Washington Gas Light--10 at -, 4 at 70.
Continental Trust Co---10 at liz. 40 at
l Rank of Commerce & Savings at 3a6
National Mtee. & Invest pfd,--40 at Sl4
) at Sl2.
AFTER CALL.
Capital Traction 5s-S3 600 at f0l a.
Washington Gas 5s--S1 800 at 1nl y.
Potomac Electric Cons. 5s--Sl 900 at
10l y 81 900 ct l91 u moo ,no,l
., Washington ;d9 Gas 6s A-9ioo at ~" -
: u Washinston Gas IS 'B'1ssooo n 1o4't.
Washington Rwy, & Elcc. 4s--$l 600 at
s. -.
Evening star., 1927-05-24
MISCELLANE

Barber e. Ross 61as........ 81 81
Chestnut Farms Dairy, 1as.' lood .'
Chevy Chase Club 5 - s..... 400 "a 80
y. G. Paper Co. Mfg. 6s,... ~ 9e
Pot Joint Stock I'd Blk. 5s. l0I 800
Southern Bldg. q y s....-.. lui -,
wash. Mkt. Cold Storage 5s. ~ "a;
Wardman Park Hotel ) n S.. 81 II Jt
Evening star., 1927-05-24
FOREIGN EXCHANGE.
touotations furnished by w. B. Hibbs Co
N..r,t,,nl Gnlfirasr- ..hnr.

NEW YORK, May "a dP)-Foreign
exchanges firm, quotations i'm cents.
Great Britain demand. ass 7-16; cables,
4S5 1876; G0.day bills on banks.
4S1 ll-l6: France, demand, 3.9t@s;
cables 3,91%s; Italy demand, Sal;
cables, 5.41l2.
Demand-Belgium. 1885, Germany
23.Gs; Holland, 400l; Norway, $3.50;
Sweden, 2G.75; Denmark. 26.68; Swift
zerland, 1874; Spain, 1885; Greece.
1919: Poland, 11.40; Czechoslovakia,
go Jugoslayia. 1.76; Austria, 14.1212;
Rumania, .G1A; Argentina, 42.35; Bra
I'll, 1913; TOXIC, 4G.62l2; Shanghai,
E250, Montreal, 100.07 1916.
Evening star., 1927-05-24

Chief snterest in .over-the-counter"
trading eentered in the chain store
issues. sTalk of a merger in the sec.
ondary group apparently has been dis.
counted, sstrength of several stocks to.
day being based largely on reports of
success BIZ various groups in meeting
competition. Traders In bank stocks
virtually, had holiday.
Stockholders of Associated Gas and
Electric 40. have voted to amend its
charter So n6fo create 100000 shares
OF additional preferred stock, 100000
known als 6 dividend series preferred
ana 1O0s0t& as $3.50 dividend series
prefefres Tt lii not intended to issue
nv of il shagss q thIs time.
Evening star., 1927-05-24
GETS BIG PRESS ORDER,

NEW YORK, May "a CP).-R. Hoe
e. Co. has received from the Chicago
Daily News what is said to be the
largest order ever placed for news
paper presses. 68 16-page super-speed
units with II double folders. The
contract calls for completion of the
work in about IS months.
Evening star., 1927-05-24
LACKAWANNA INCOME.

NEW YORK. May 81 (P).--April
net operating income Of the Delaware,
LackaWanna and Western was ST.
1873, ,908 against $1,722.989 in April last
year and for the four months this
year $3,S00,645, against $4,04s,374.
April gross declined $6S,066.
Evening star., 1927-05-24
AFTER CALL.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY

Bid Asked
Amer. Tel & Tclga. 4a....., 90 90 II
Amer Tel. 6 Telga. i l3s., 9S h .....
Am Tel & Tel ctl. tr. 5s.. 1Nl ..,..
Anacostia s. Pot. r. Il. 6s.. 9a ..,.'
Ana & Pot. guar. 5s........ % 5000.
e, SS p Tel. 5s ....,.... 100 y ....,
&, & p. Tel, of Va. SIS. .... llol II 1o2 =,
Capital Traction r.. r. 5s.. 1Ol 1o1 u
City & Suburban as. ~ ....'
GEORGETOWN Gas 1st 5s..,... lnl y .....
Potomac Flee 1st 0s.,..... 100 - .....
Potomac Flee. cons, 5s...... 1nl ~ ;1a;t
Potomac Eec. Is 1858, 10S 1oS u
Wash. Alex. & Mt. Yer. 5s.. = $500.
Wash Alex. K Mt. V. ctls..
washington Gas 5s..,..,... 1Ol .-.,.
wash Wash Gas Gas 8s 6s eris serios i0o4 L los
Wash Rwy & Elec. 1s..., ~ "a NJ
Wash. Rwy. & Elec gen. 6s.. lo4 .'...
Evening star., 1927-05-24
HOSTON STOCK MARKET.

By speciaSl Leased Wire to The Star
BOSTON. May 24.-Following is a
list Of tCsiay's highest. lowest and clos
ing prices for the most active stocks
1aa1f i'm $hara.
Evening star., 1927-05-24
2 Venezuelan Pet. Az Az o4h
] Wilcox O & G IL. 81 81 ~
4 "Y't oil N = .it , u

Hos in STANDARD OIL ISSUES.
Evening star., 1927-05-24
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star once

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, 1927-07-10
BY HERBERT $. HOLLANDER.

The current season Is one Of feverish
activity in the automobile industry,
with principal producers in the proc.
ess of announcing new models, or pre-
pairing TO do so within the next few
months. While some production
schedules are being we'll maintained.
for the most part manufacturers either
are shifting their plant equipment to
meet the newer needs. or are just
getting under way in the matter of
running the changed models through
In other words. the industry is in the
usual state of transition noticeable
at this season.
Obviously. much depends upon the
reception which the new cars will re-
ceive at hands of the public. Certain
of the bigger corporations have had
successful year from the standpoint
of net earnings, but there have been
others, and not negligible number.
whose operations thus far during 1927
have not resulted in great financial
satisfaction.
However, the industry is confident
that the remainder of the current
year will prove normally prosperous,
although the chances are against any
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-10
SEES TIME TO MEND
FAULTS IN DRIVING
Maryland Official Says Driv-
ers' Instructors Should Be-
gin Corrections Early.

Automobile dealers and those who
teach new car owners how to drive
can help greatly towards decreasing
the number of accidents by correct
ing any faults of driving at the
outset, according to f. Austin Baugh.
man, Maryland motor vehicle com
missioner.
If automobile drivers were broken
in as carefully as cars are when
they first are started out on the
highways. vast improvement in traffic
and safety conditions would result.
Mr.. Baughman asserts. but, unfor.
tunately the job Of instructins
drivers is not confined entirely to
dealers or their employees, and many
times a person who cannot drive
properly himself assumes the role of
instructor
The responsibility for the present
condition and for its possible i'm
provement rests. Mr.. Baughman be.
lieves, upon the instructors Of those
who desire to learn to drive cars as
we'll as upon the employees Of his de-
partment, who examine and pass the
applicants for licenses.
Teachers Not Always Efficient.
at is true" Mr.. Baughman says,
that many of those who instruct
would-be drivers are not any too good
at the job of driving. However,
their responsibility is present just the
same. In the case of persons who
themselves are good drivers there is,
of course. a greater responsibility.
unfortunately. many persons are
entirely satisfied if they can get their
puph up to the point where he can
get by on the official examination.
With hundreds of drivers to examine
and test for driving ability daily, the
examining demonstrators of the com.
missioner's force are not and can
never become, we'll enough acquaint-
ed with the driving ability and high
way and traffic reactions of the pros
pect to know whether they are good
drivers or only good enough to ac-
cept.'
"On the other hand, the instructor
has the pupil under observati ton for
several weeks. He has the oppor-
tunity to observe, and to correct at
the very outset the faults of his
pupil. Poor instruction in driving is
lasting in its effects.
Value of Proper instruction.
II feel that If an operator does
not learn properly, and starts out
with wrong conceptions of the sci
ence of plotting an automobile over
the highways, that operator is not
likely to overcome fundamental faults.
Indeed, these faults are likely to be-
come more firmly fixed as time
goes on.
Proper instruction in the way to
handle car mechanically in steer
ing, starting, stopping, using the
clutch and feeding the gas is but one
phase of the instruction period which
should have the full and conscien-
tious attention Of the instructor
Other and just as important parts of
his responsibility include real in
struction in rules of the road and
consideration Of other persons and
their safety. AS these phases of in
struction are carried out on neglected
by the teacher just by so much is
the outcome good or bad. A prop
erly instructed driver always will be
safe, sane, courteous and intelligent.
The other type will be likely to de-
velop through ignorance. into a
careless, sloVenly. discourteous and
dangerous road hog"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-10

brakes when the lights turn against
them and they're forced to come to
dead stop just as they were steppin'
on the gas and tryin' to shoot across.
In time, folk will learn how to fit
their drivin' to this form of traffic di.
rection, but lot Of trouble could be
saved if they would hurry the process.
Some drivers will speed to crossin
when it's very certain that the sig
nal is goin' to turn against them.
One of the troubles brought on by
new conditions is the want of cooper
alton between members of a family
when they're drivin' the same car
Every one in the family has a differ.
ent way of usin' it and the result is
lot of trouble. One member drives
with the spark fully advanced on hills
and when acceleratin. Another for
gets all about the spark and drives
with it retarded half the time. One
rides the clutch: another slips it. II
the family would just talk over the
situation at the dinner table, repair
bills would be less.
When just one person drove the
family car either he took good care of
it or learned to do so after a few
repair bills. Nowadays everybody
takes crack at drivin' the car-and
it often cracks under the strain.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-10
AUT0M0TIVE TRADE UNIT
WILL MEET TOMORROW
Regular Monthly Session will Be
Held at City Club-Show
Plans Mapped,

The regular monthly meeting of the
Washington Automotive Trade Asso-
citation is to be held at the City Club to.
morrow night. Although the annual au-
tomobile show will not be given until
January, Rudolph Jose, who has been
chairman of the associations show
committee for many years, will discuss
plans for the 1928 motor car exhibit
ton, believing that by beginning well
in advance the forthcoming show can
be made the most highly successful in
history. Special attention will be
given by Mr.. Jose at tomorrow night s
meeting to the matter of space re.
quirements at the show by the various
members.
While Mr.. Jose and his committee
have been informally discussing the
1923 show ever since the 1927 exhibi.
ton closed. detailed plans for the show
to be held next January will be dis.
cussed at length in open meeting for
the first time tomorrow night.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-10
AUTO INDUSTRY is IN THROES
OF GREAT ACTIVITY AT PRESENT
Many Manufacturers Turning Out New
Models, Others Plan Changes;
Some Firms Hit.

marked improvement over and above
the record of the first half-year. On
the other hand. when conditions are
viewed in the large it is apparent that
1927 will be generally satisfactory at
least in contrast with the dire
prophecies at the first of the year.
Production figures naturally will be
affected by the drop in output by the
then largest maker of low-priced auto
mobiles. While another maker of cars
in the lower price tier probably will
compensate for this loss. the likelihood
of any gain in output over 1926 is
considered remote. Most observers
seem to feel that production figures
will show up smaller
The overseas market. while con.
stantly advancing in importance, is
not yet sufficiently large as to prove
n significantly valuable safety valve
in the event of sharply curtailed de-
mand on this side of the Atlantic. The
time is coTsing, in the belief of such
experts as governmental observers at
Washington whose task it is to watch
these developments, when foreign de-
mand will be exceedingly strongly felt
in the domestic industry. The industry
itself is making strenuous efforts to
hasten that day.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-10
CITY TO PARTICIPATE
IN NATIONAL AUTO MEET
Motorists Association to Hold Con-
vention at Atlantic City
July 1928.

The second national convention In
which a local motor club will be rep.
resented is to be held at Atlantic City
July 90 and %. with participation In
the meeting of the National Motorists
Association by the newly organized
Greater Washington Motor Club. Re-
yival of the National Motorists Asso-
citation, presumably merged with the
American Automobile Association some
years ago. is forecast by the scheduled
convention.
Raymond Beck. former secretary of
the National Motorists Association and
general manager of the Greater Wash
ingtOn Motor Club. will attend the At
lantic City meeting and will address it
on THE Gasoline Situation" Accord.
ing to Mr.. Beck, quite a large number
of clubs in various sections of the
country and Canada will be repre-
Sented
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-10
REPAIRING RIVER ROAD.
Detour Is Necessary OH Alexan dria
Route Each Day.

Resurfacing of the River road he.
tween Washington and Alexandria
now Is under way. Until the work
is completed the road will be closed
TO traffic between Hume avenue and
Columbia pike from am. to pm.
each day.
Northbound traffic must detour nj
Hume avenue westward to Russell
road. Southbound traffic is routed
over a detour from Columbia pike
westward to Russell road. The work
is being done by the State, but the
detour is under the jurisdiction Of the
town Of Potomac.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-10
The Old Mechanic Saws:

New conditions under which people
are drivin cars develop new kinds of
troubles or revive old ones At least
that's my observation, and I've had
plenty of repair jobs this past week
TO prove that my views are sound.
These newfangled traffic signals
are to blame for much of the damage
TO clutches and gears. as we'll as to
brakes. A lot of drivers slip their
clutches trying to get away to a
flynn start when the lights turn green
Others are careful of the clutch, but
crash through the gears. Many of
EN- place terrific burdens on the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-10
One Cure for Engine knocks"

Car owners who can find no other
way to eliminate engine knock may
lind it helpful to reduce compression
by inserting gasket between the
engine block and base. This limits
the upward travel of the piston and
thus increases the size of the gas
chamber. Using the additional gasket
between block and base is better tha
adding a second one between block
and head, since leak in the lower
part of the engine would not inter.
fere with engine operation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-10
Hint on Easing Car Skid.

Motorists have been told for some
years that the most effective way to
break skid is 10 take pressure off
the brake Immediately. Instinct still
u trlumphing over reason in spite Of
all the warnings. traffic accidents
indicate. IT is difficult - remember
10 take ones foot off the brake When
the car starts TO skid, but it is fan
safer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-10
CAPITAL TO SEND
THREE TO FARLEY
Washington Scientists viii
Address National SYM
postum at Detroit.
By BECK

Washington will be represented by
postum, "Chemistry's Contribution to
Automotive Transportation" which is
to be held, beginning September G, at
Detroit, in connection with the sew
enty-fourth annual meeting of the
American Chemical Society. The sym.
postum will last three days.
William Blum of the United States
Bureau of Standards and president of
the American Electrochemical Society,
Will present paper on Plating"
Charles NJ. Upham, director Of the
Highway Research Board. will talk or
Road Materials" while II. w. Gillett
chief metallurgist of the United States
Bureau of Standards, is scheduled tC
present paper on "Non-ferrous AL
Toys" Other papers on chemical sub
jects of vital concern to the automo
tive industry will be read by eminent
scientists from all sections of the
country.
Purpose Of Symposium.
The purpose of the symposium, &C.
cording to official announcement, is to
bring together survey of what chem
istry and it's allied sciences already
have accomplished and contributed to
the materials employed in automotive
transportation, and to suggest, if pos
sible, some things that they still may
contribute.
THE automobile and it's allied ill.,
dustries employ immense amounts of
materials, including IA per cent of the
country's production of iron and steel,
IS per cent of the aluminium produced.
S. per cent of the rubber. so per cent
of plate glass, So per cent of the
leather and SO per cent of gasoline, .
the announcement states. Large
amounts of cement, brick, sand, tar,
asphalt and other materials go into
the roads and bridges which have de-
veloped along with the automobile.
Besides, there are many other ma
terials which are used to make auto.
motive transportation what it is to-
day.
Produced by Chemistry.
Chemistry and it's allied sciences
have made large contributions to the
production of most of these materials
and many of them are produced by
the strictly chemical industries. The
materials and the properties of the ma.
terials which are available for the con.
struction of a machine of any kind de-
termine largely the design, as we'll as
the limits of the machine itself"
The symposium is being arranged
under the direction of DIR. Thomas A.
Boyd, director of fuel research at the
General Motors laboratories.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1927-01-12

is quite i'll at present and had becs,
receiving treatment at the Redwood
Falls hospital for about two weeks.
Standard.
r. H. Kempton returned Monday
from Belview where Mrs. Kempton
is staying at the home of their SON
in-law and daughter, Mr.. and Mrs. A.
A. Kohls. Mr.. Kempton will leave
soon for Belview, where they will
make their future home. Mr.. and
Mrs. Kempton have a host of friends
Mr.. and Mrs. F. r. Croker and
Mr.. and Mrs. T. H. Croker attended
the funeral Of Betty June Croker,
which was held at Redwood Falls last
Saturday.-Morgan Messenger.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1927-01-12

who regret their departure from Nor
gan, but wish them the best of sue
cess in their new home.-Morgan
Messenger.
Miss Jane Forsyth, employed as
stenographer at Mitchell, S. D., came
home Thursday last week for brief
holiday visit with her parents, Mr..
and Mrs. George Forsyth. She went
to Redwood Falls Sunday to visit
with her brother-in-law and sister,
Mr.. and Mrs. Fred Schleuter, return
ing to Mitchell from there Tuesday
Tribune.
Spencer Olson of Elgin, ILL.,, arrived
here Saturday for visit at the N.
j. Olson home in Camp, N. j. Olson