davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

closely identified with the market
for oil stocks were emphatic in their
assertion that the oil shares had been
thoroughly liquidated and that the
better grade issues were in position
to discount any pronounced improve
ment i'm the industry. Spasmodic
fiurries gave renewed hope from time
10 time that the oils were actually
coming into their own" but in most
instances they proved to have been
nothing more than false starts and
renewed liquidation was encountered
on each bulge.
In the eantime. strenuous ef-
forts to regulate domestic oil pro-
duction. which had reached such pro-
portions az to become a menace to
the industry. failed OF their purpose,
with the result that the oils were
relegated to the background in the
speculative calculations as to their
merits.
There We're however, exceptions
even in this group. whose industry con-
tinued to be faced with the serious
problem OF overproduction, despite the
tendency OF consumption 10 increase.
These were confined for the most part
to the more powerful companies.
strongly intrenched with huge capital
SURPRISES. They were in position 10
provide funds for storage purposes and
to await more propitious time when
conditions in the industry itself would
warrant high prices for their products.
But this was "A minor consideration.
Issues representing pipe line COM
NAMES and a few Of the more promi-
nent producers and refiners offered
the prospect Of substantial stock dis
tributions, and this factor apparently
was the main consideration for their
exceptional strength
The decision OF the Supreme Court
in 1921 holding stock dividends non
taxable was an incentive for these
companies to capitalize their SURPRISES,
thus rewarding stockholders through
dividend payments on additional stock.
From 1927 TO 1926 the more prominent
cnmpanies have distributed stock divi
dends ranging from 10 per cent tn as
much "a 4oA per cent. and in the case
Of Atlantic Refining. which now has its
market on the Stock Exchange. goo
per cent.
That these distributions will con
tinue il the common belief of the
holders OF high.Srade oil stocks. and
apparently has been the only incentive
for the buying which had taken place
in oil stocks of this character during
the greater part OF the past year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

indiscriminate buying of stocks. De-
spite such warning signals as falling
off in car lOadings, peak records for
brokers' loans a season ahead OF keen
compe tition for the automobile indus.
try, and slowness OF seasonal activity
at the steel Centers, the speculative
element vas concerned only with the
technical position of the market itself,
and went ahead with abandon acquir-
ing additional holdings.
The backbone Of the campaign for
higher prices evidently was based
wholly upon the abundant supply of
funds which We're seeking employment
in stock market channels. AS long as
credit remained plentiful, with indica-
tons OF continuing so for some time.
the public was willing TO buy stocks.
That such an abundance of funds was
available for speculative purposes was
due to the fact that credit which or
dinarily would have been put to use
for industrial and commercial pur-
poses was not needed because of pre-
vailing business conditions.
However, the more conservative
element was inclined TO the belief
that considerable distribution was in
progress as the market continued to
reach higher levels, and that as the
year drew TO close many stocks
were passing from strong hands into
weak accounts. This theory proved
correct and the subsequent sharp
reactions suffered by number Of
speculative favorites dampened en-
thusiasm. But inasmuch as the
market had grown 10 such large pro-
portions this liquidation passed un-
noticed by good portion of the
speculative coterie. concerned only
with issues in which IL was person
ally interested.
Oh Shares Have Poor Year.
Since dissolution of the parent
STANDARD oil Co, some Is years ago,
the so-called Standard Oil subsid
iartes have had their principal mar
ket on the Curb. Shares represent
ing new industries have been added
TO the list. hut because OF the large
public interest In oil stocks. both
independent and Standard issues.
they rank among the most important
groups which have their market on
the Curb. Failure of this group To
share i'm the upward movement as a
unit In an appreciable way was due
To conditions which prevailed within
the industry itself and not because
of technical market consideration
As far back as June, interests
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

ton of $37, 500. and represents an IN
crease OF $35, 900 over the low OF the
year.
Trading Sets New Mark.
The daily average number OF issues
traded in also established new
record. For the year these have
ruled around the 500 mark. compared
with an average Of about $50 issues
daily in 1926. From January ! to the
end OF December approximately $50
new issues have been admitted TO
trading, making the total of securi-
ties dealt in approximately 100
stocks and bonds. Coincident with
the listing OF these new issues, II is
worthy of note that the character of
obliga ton IL of a much higher stand
ard than the vast majority which
were brought indoors when the Curb
first began operations In its present
quarters.
All these issues have had 10 stand
the test Of the board OF governors,
have been carefully selected. and as
the number OF low.priced speculative
oil and mining prospects has been re.
duced 10 n minimum. the character
of securities now listed is unqucstion-
able. Consequently 1t is rea sona lie
to assume that the volume Of business
in issues OF recognized intrinsic value
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31
FARM IMPLEMENTS SELL.


NV tHhzuNdatgd ffess
The mnst prominent agricultural
Implement canCernS declare that NOT
onty was 1922 the hest Year en- record
fot them, hut that the prospects are
fully a. bright tor tas> Production
schedules are now ptoCeet,ing ON the
latter assumption
The outstanding feature oe the
year was the tremendous increase IN
demand tor combined harvester
thraahers. TraVtar sales gained stead
tty, az did those tor Two AMI four roM
0ultivatora corn binders and simIlar
labor saving machines IL n estimated
that the tabor saving msehtnerN
huuaM during 1897 resulted IN the
release at tUa Nan ttinerant wotkets
fl"m the harvest fields
Tha use ot these lshnt saving es
ehlnerS units Nv same l,a'ai,ties spltt
the Vost ~ the eVtp Ia halt Tractor
sales eke&d 200. eaa unts,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

ina [ tnp pTAClHdl
problems OF han
ding and eNecut-
ing the increa sing
volume OF bust.
ness has neceSsi.
tated ra d iCa |
changes in trad
ing methods.
Some indica ton
of the growing
Importance of the
Curb Market may
be gathered from
the fact that the
price of Sc a [ s
r q q C h e d a new
high record in De-
Cember of SOS. 600.
This C o IN p a n p s
with a previous
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31
Paint Industry Flourishes.

The paiuI snf garnish msnuta"
tliroFs wound 40 1921 IN splendid
position win one ~ t@o exceptions
demand Wha inslhienl throughout III
rnij,e Ysar am The leading Interest ~
lbe industry tep6i I'D steady sud 'fn
sisttnt gains frnn "eFk !" ~@ek IRON
January 10 Jsn4aI. az compared wlth
IAAt gG1I. ..a. a... ,...s... -.,.-.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

IRA ded in on any
one single day. 1t
saw stock eN-
change seats sell
Tor more than
$500 GOO . a c h a..
something I h a I
never happened
before. 1t was a
time of intense
activity and uni
forDlly large turn
over throughout
the We ar. and
finally ii was a
period Of per
Eistenlly risin 6
quotations.
The year was
repiete with in
HernS-sn~ - -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31
AMAZING VITALITY SHOWN
DESPITE BEARISH EVENTS
Signs Indicate Caution-l927 Notable for
Heavy Trade. Seat Price Rise
and Other Records.
Ry GEORGE r. HUGHES.

n Y k,W YORK. December -
IN In more than one respect the
" stock market of 1877 was the
Il most rema rka hle in the his
tory Of the New York Stock
Exchange. II set mp a new high
record for the number of issues
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

The evolution of this market which
moved into its own So 900 900 home
only six years ago, has been so rapid
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31
BY WILLIAM r. HEFFERNAN.

yEW YORK, December 3l.--The
New York Curb Exchange in
II 1927 made good its claim 10
Y the distinction OF being Amer
iCa's second largest stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

Reveal ~tssSNsy'S ~aew aaat A@eesk
Nta zttS ave MNSA oA,syt 9etis &AA -
tAs use ri aaAAe 0R tASa gAstE RstesSA
aIstsEA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31
Public Utility l.osns Huge.

Probably the most important feature
nf he Vepr's investment market has
been the enlargement OF the neld OF
public utility securities. Of all Ameri-
can borrowers in 1927. the corpora
lions providing electric light. gas.
water or telephone service &c the
communities of the country have been
the most active. Their demands on
capital have been an expression or
the growth of those enterprises that,
in the past 30 years have contributed
most to the efficiency of business and
In he satisfaction Of domestic HE,
l'uhlt,, utility borrowing Ia 1927 sp
pruximAted s. 500 .oUo eoo This. how.
ever. did not Srtivslv represent; the
emission ~ new capital Among
those cc,nysa mics that have heen most
prominent in resiseminS hiSh COUPON
issues are the public utilities, ffe'
cuentlv between al and 5 per cent
nj a new public utility bond issue h%s
been employed ~ taks up OH bonds
with rate from IL to - per cent
shove that Of the new tsAnd. thus
reducing MED charges, TN the Whole,
about 50 per cent 81 all public utility
financing this wear has hssn tor cap,
ital replacement purposes,
StEtTs aud laFGe in>ttfSs nCN CORPORA
stnnS have been very slow Ia tax.
acVount NJ the Investment position
ot public utility bonds and ~ lrsSaa'
ahem and include thrm IN their port
fNiiHS u MAS only last YEAR thar
Massachusetts, TN4S>ed LAWS permts;,nS
her savings hanks ana trust res ~
buy the bonds ~ telephone AMI e1tT'
trtc uSh, and power companies.
which were the NEST substantial has
mess enterprises la New England.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

Then, IN August, tains swept over
The cotton bel, day atiet day, with the
exception az Texas, aud instead Ut the
hat. dry weather, requisite tor fs,it
ins moisture fos,*red insect prapaga
tton A widespread wssVll svats. the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31
Insurance Companies Change Policy

A more StrlAinS pr,Nct IT the change
IN attitude toward yhIS group NJ ~
rutitte$ Is that takea e> The life tn.
sura csmlSanteS who hoN Nn\
after thoreoSh Investigations and sre
really the original investment trusts
ut the United States In tSSl the
total pcrcentaSe NJ pubic utility Ne
ruttstrS which they held MAS -
In thar wear over ~ per cent N thelE
Investments We're in tathNad issues
AND over - rer cent in Government
and muusctlNsl bonds nv 1875 they
had Increased their putlsc utility ratio
To above -. ret,uced their Govern
nent and muUiTtral preparations IL
about "a and ad,ied ~ sheir ratlrS~aa
holdings until they we're about - per
cent " the whole,
Two Slet ,eNts contributed IL tsss
reversal cg policy, frimat,lN the int
suvanCe Crn,tsSnies ree>NsntAed tase
the nrSt moytsaSe M .VetundtnS bead
vi rorlsrsttrn rreN tdtnS essential
SerN ices 10 4 community would al
VANS I've protected nv NerN stable earn,
inss Thcrrfnre such AN nhltSaston
VAS entitled - tank equally with
" hat had previously heen considered
~ the hest 1T all SArp,Nratls,a
n,Atsages, namely. those Ut the rAsa
s~aA~, The seeand fsrtov WAS that
Vt the considerably higher Nield NV
puhiic utilities than va government
aud muNietpal hondS
New kalltNNa ktaNnclas.
As the deN elopMeng naNStaN 81 the
railroads 1T The country has been ereC.
tsCall> completed, and as they have
hal thrau4hcut the N2sav A surplus NJ
equipment, Il VAS nee necessary Iyss
them to nnanre 60 the extent 0f a
ruhle utility, Their tetal tsSuea I'm
tasf were less than halt thtNSs NJ the
either Sraup. and the pTvrestie III
retundins ,a new catatal ever 90 pet /
,eut u u illustrative Of the ial.FS,V>
Ing credit et the vatts<ssdS that seN
vrAl at them, as he Southern, R1stt I
Note II Nhia AtthtSAn, Nav WAN 4
/ 'eNttal ana ~ tsassts Il San kEsNel~e,N {
have this year raised New esl,ltAt ia
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

In SanStteyiRS tAe NuykssN g,'s ANSys<
Ia t@SS NV QoeSgNstS ,ntA$S cast ~
answered. These sEe Viii nSNSN
rates tenttaOS eSsSS aud wtu tAa sap
pies at aeW ssNaSlS tss rvz0(Aged "a
tnnsnFm NTH the S;NSesA;aS cSaINAcatN
NJ the MARKET
There - eN@TN ta1tSwegtca tNAt
mNnsN wsN continue Al a fSn,S NN
average rate eAgN IA t2SS \n{
FEW AANANts eelsaSS thar We ~As Il
hsNe stter Ihs tNCa NJ me NeAg
renewal rate Nf 81. pek SeRt. ats yNsg~
AslSS pes reat, The SvSSpa sc ISNS~
ernmeat tANnaS gcFSs>sASlS ~Nsesg ajax NJ
this MAJ TMtcS dt,sjaS 1s2l tae a.&y~
kSt Mas AAAlN e~NaSeSte>t fAa ny~&
SautWten II tatS NeFt AeV~aN4aSNa enS
1t the SrvSt enRtSSs>ssAS * Industrial
t>AnSss d1sNttS the SlV4nS aaA eAytN
summer aNathS@ wAtcA Nj ~ A hsa8
eteAdkNck between sSlAaEs aaI NssSesS
AID SERIOUSLY eFtplAset stg a wAtae Ma
degwvltnAs ANnSeS The sv>sueAs tA@a
waN aNt ensN t,se SCeSs StsEAss,N, eass
pttV~A thai were uaF~sseiAae&v>
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31
Cheap Money Carries Stocks and Bonds Into the Ne,u Year
BOND MARKET REFLECTS
GOOD BORROWERS YEAR
Rise Small i'm Contrast With Stocks, but
Continuation of Movement
Started in 1924.
BY CHARLES r. SPEARE.

From Consolidated Press Association--An-
pIlaI ReyIeW
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

dents They included the WheelinS
4 Lake Erie corner in February: the
break that followed President Cool
idges Il do not choose" announce
mert; the excited speculation that
followed Henry Ford'S re-entrance
into the field or active motor car
production. and many minor events
which caused violent swings one way
or another The real feature Of the
year however. was not the breadth
or the activity of the market or its
reaction to any specific development
IT was the markets astounding vi
tality.
, 1927-01-12

return battle between Joe Dundee of
Norfolk and Eddie Roberts Of Tacena
Washington.
Guatemala City.-The crippled plane,
New York of the Pan-AmerIcan flight
was scheduled to be taken by train today
to Lake Amaticas near here and set up
preparatory to completing its flight to Pa
nama.
Montreal.-More than seventy five
lives was the toll exacted yesterday in q
fire in the Laurel Theatre. Most Of the
victims were those who made the bulk
of the audience. Few were injured by
the comparatively trivial fire. Most Of
the injured were caught in the panic
stricken jam at the exit.
Norfolk. The Aircraft Squadron of
the Scouting Fleet which left Hampton
Roads Saturday is reported to have met
strong head winds and high seas off the
coast of the Carolinas according to a
wireless message received from The Flag
Ship Texas" The fleet is headed for
winter maneuvers in Cuban waters"
, 1927-01-12
Many Parties Filled in Last Hours Of
the Old Year and Gave Noisy
Welcome to 1927
HOTEL AND CLUB CROWDED
Biggest Dinner and Dance Of the Year
at the Condada; Canita and
Champagne Plentiful

San Juan ushered the New Year in
and the old year out to the tune of
screech horns, bells and popping cOrks.
Good citizens drank each others health
at the stroke of midnight with every
thing from champagne to canita,
There were plenty of parties, many
private and a great number somewhat
public. The Union Club gave a dance
which drew a large crowd, while peO-
pie thronged the Condado Hotel in the
greatest dinner dance o. the year which
lasted well into 1927.
Several persons who were so impru-
dent as to be in the streets at midnight
received unexpected shower baths, for it
is an old superstition that by throwing a
pail of water (the larger the better) over
the balcony nothing but good luck can
come to the residents of the house during
the new year.
From 6 o'clock in the afternoon of Fri
day until sometime long after midnight
Saturday whistles and screen horns
turned San Juan into bedlam. At mid
night tins pans and other noisome instru-
ments joined in to chase 1926 out with a
will and a vim.
BayamOn is the only town on the island
which did not revel New Years eve. She
greeted the morning of 1927 a stricken
city with fire hoses and relief workers
scattered over her streets. However,
, 1927-01-12
LOCAL

Following an operation Miss Mathilda
Kingan of Frederiksted died at the hos
pital in that town yesterday morning
and was interrel i'll the afternoon. Rev.
E. A. Arson Of the Anglican church of
which the deceased Was a evout follow
er and worker performing ne ~obsenuies.
The schnr. Resolution" al lived here
at s O'Clock this morning with St. Tho
mas, Porto Rico and States mail I'D the
following Basseneers:-John Hame, 10
mel Hutson. Josephine Hutson, Ann Hut,
son, Lucille Harrigan, Mrs. NJ. Neptune,
Unis Neptune, Daphne Neptune, Regi-
naId Neptune, Almita Neptune. Mrs. c..
Harrigan and Mrs. NJ. Gracia.
, 1927-01-12

January IL, 1927.
Washington. -AbOlishing Of the Army
and Navy Panama Transport systems
and transfer of their traffic to private
American ships is recommended in a re-
port of the Bureau of Operations of the
Shipping Board. Approximately twenty
transports are now operating to the Ori-
ent, West Indies and Panama from this
country, carrying troops and military
supplies. The business totalling nearly
a million dollars annually.
Managua.-Las Perlas, the scene of
the recent battle between the Liberals
and Conservatives on the East Coast, has
been declared a neutral zone. American
sailors landed or Saturday without Incl
dent. Rear Admiral Latimer, Command
ing the American Naval Forces, has TAX
en- steps to prevent anybody from landing
-vcept the Nicaraguans Conservative
Cow ~ment Officials who will be permit
ted t Ianu upon permit from the United
States,
Washington. Modification of the Vol.
stead Law to permit the manufacture Of
light wines and beer was asked yester-
day by the Executive Board Of the Uni
ons, composing the Federation of Labor
in closing session here.
ODdDgUdls- Ol8Iy american WOiIlGu anu
children have arrived from Hankow
where a threatening situation has existed
for the last week, forcing the evacuation
of many Of the foreign residents.
New York. Two ~freighters have gone
to the assistance of the Norwegian
freighter "SvartfOnd'' which lost her
rudder. approximately seven hundred
and fifty miles northeast of Bermuda.
The vessels call for aid was picked up
here early on Sunday. 1t is assumed
they have reached and aided the distress
ed vessel.
Observation-Disclosures arriving here from
HankOW report that an American woman
was stoned by Chinese rioters during the
foreign excavations on January third and
fourth. She escaped with minor injuries,
but her name was not learned.
Washington Support of President
Coolidge's policy for the delaying Of the
construction was expressed in a letter
made public by the National Committee
of Churches on the World Peace. signed
by twenty nine churches and Laymen.
The letter declared in favor of a world.
wide and thorough going program of re-
ductiOn in Naval ornaments and express
ed the hope that the United States will
do nothing to prevent it and everything
practical to promote it.
London The Westminster Gazette
Shanghai correspondent says that it was
, 1927-01-12
y. S. NAVAL RADIO STATION
CHRISTIANSTED. ST. CROIX.
JANUARY 10TH, 1927.
Courtesy of the Associated Pre8S.)


Brownsville Texas. All Mexican bor-
der patrols, operating in the MatamOres
Military Zone across the Rio Grande
from here, are being reinforced. The
Mexican Military Authorities said the
move was made to prevent smuggling
Of arms across the river and the cross
ing of revolutionary bands.
Mexico City. Eighty four bandits or
re%volutionists have been killed by the
Federal Troops In the past few days in
various parts of the country. The War
Department has issued orders to exc
cute all persons carrying arms against
the Government.
Washington. Sergeant Major Jiggs,
Bulldog Mascot of the Marines, is sink
ing fast in a Washington dog-hospital.
Too much food in Christmas time caused
stomach trouble for Mascot.
Washington. Captain Frank Taylor
Evans, son of Fighting Bob Evans, in
command Of the New York Navy Yard
has been awarded the Spanish Cross of
Naval Merit, lie was a Junior Officer
90 his fathers battleship at the battle of
Santiago.
Washington, The aircraft squadron
of the Scouting Fleet, composed of
twenty nine planes, will take off from
Hampton Roads on Friday to join the
Scouting Fleet atsGuantanamo.
Washington, Hearing on the Naval
Supply ELL passed by the House on Fri
Gay viii begin today before a Senate APP
Precipitation Sub Committee, headed by
Senator Hale, Republican from Maine.
Austin, Texas.-Dr. Frank Norris Fort
Worth, Baptist Minister, will go to trial
here on Monday for the killing Of Dexter
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-03-15

originally comprised parts Of
wedding gowns and wells, we'd
ding handkerchiefs, christening
gowns and caps. collars and
cuffs, barbs. flounces from bridal
garments and relics from even
more intimate articles Of feminine
apparel. handed down in many
instances through several genera
tions and finally parted with only
because Of the sacred nature of
the use for which they were
donated.
The conception for the altar
cloth came from Miss Zallio, who
has devoted her life to a study OF
lace and who conceived the idea
OF picture in lace" from the
mosaic decorations in the ancient
church at Montreal. near Pal
errlo. Italy, convincing herself
that a similar mosaic design
could be worked in lace as well
asf. in stone. Miss Zallio COM
municated her thought to women
of the Episcopal diocese in New
York and as a result the laces
were donated for the purposes
and she subsequently designed
and executed the super frontal Ia.
her New York studios.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-03-15
The knowledge Test for
Times Readers

These tests have been especially devised that quick and exact
response b possible Learn to give concise
I. The path OF heavenly body is called its -.
2. Lincoln President during the
8. Blood is carried from the heart in 49,.
T. A magnet attracts &
s. "Sherdans -" written by Thomas B. Read.
Which statement is true?
6. Moasses is obtained from sugar cane.
T. Jason went seek the Golden Gate.
"Innocents Abroad" written by Charles Dickens
Can you locate
8. PatmOs
TO- Nice
II. Lookout Mt
Rearanse. that words meaning will be paired
IL. tavern assemble
b. ally
: ID congregate triumphant
To- associate hotel
&c. jubiant Veneration
See tomorrow's paper to verify your results
Answers to yesterdays test:
J. saber; e. gnome; g. sardine; 4, anvil; g. incubator g.
fondant; lotus g. Gilbert Stuart; Tom Sawyer; Ebert
Hubbard H. Goah r. Solomon 49, Gerard Marcator H. Jona
than Swift; 15 Robert Burns; 16, Robert Browning.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-03-15

as sweetly as you did during the
days Of your courtship.
Do you take an interest In your
appearance and keep yourself 50
daintily attractive that your hus-
band viii be proud to introduce
you to his friends?
How does it happen that you
have no friends? Surely, IL you
go out Of your way to be pleas
ant and obliging. you will be able
to make friends among young
women who live nearby. II your
husband doesn't care to invite
you out. do. not nag or reproach
him. but 20 to the movies with
your mother or with some young
woman who Is q neighbor friend.
Manage to do this occasionally
even though you have to get
someone to stay with the chill
dren, for it win do you good to
get away from home now and
then and have a good time.
If only for the sake OF your
children. my dear, hold your
home together and make the very
best Of yourself and your mar.
rage.