davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
RECOVERY STAGED
IN STOCK MARKET
Studebaker and United Fruit
Outstanding Features on
the Upside.
by GEORGE 7. HUGHES.

Special Dispatch to The Star.
NEW YORK, September 1O.-The
stock market registered recovery to-
day from the effect of the heavy sell
ing of the preceding session. Prices
were moderately higher in most of
the leaders, although there were
plenty of exceptions and only an occa
sional aggressive pool operation.
In part the rally was due TO the buy
ing in of contracts by yesterdays
sellers for the decline and in part to
new interest who had been waiting
for just such a reaction. 1t is fair
to say, however. that the real feature
of the day was the absence of any
such liquidation as might have been
expected once the market had shown
itself at all vulnerable.
Two or three moves stood out. One
was that in Studebaker crossing 60 to
a new high for the year and reflect
ing the statement of the president
that cash balances in excess of S17,-
O0O, 600 were the practical equivalent
to two years common dividends at the
present rate. Studebaker had gained
. points yesterday, Notwithstanding
the general weakness and ii increased
the advance today
Another was the rise of some five
points in United Fruit, following
substantial gain yesterday. This was
still a case of an investment stock
supposed to be out of line The gen.
Another was the rise of some
was favorably affected by publication
of the July earnings statements snow
ing net operating income OF S3,l9l,-
932. against $2.S5S,629 in the same
al
some points to so before 1t VIII
reach a per cent basis.
The old leaders. Steel and General
Motors, were both higher as their
sponsors took courage from the resist
ance the list as a whole displayed.
Steel, at 1855. was OF ~ little over a
point below its record and General
Motors. crossing PSI, had netted
points over the preceding close. 1t
Increased this gain later on.
The uncertainty about the longer
outlook was apparent in the action of
such stocks as General Electric and
International Harvester. at one time
down and then rallying without at any
time revealing a decided trend. More
or, less the same was true of stocks
like Fleischmann. General Railway
Signal and American Can. Gulf
States Steel dipped to new low as
1t became plain the passing of the divi-
dend had not been fully discounted.
The entire market hardened toward
the close. Buying of Great Northern
preferred advanced that stock a point
or so, improved crop prospects again
being stressed. Interboro Rapid
Transit regained practically all yes |
terday's loss and there was pro-
nounced strength in the low priced
Dome Mines
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
WHEAT PRICE DROPS
ON U. S. CROP REPORT
Estimate of Domestic Spring Yield
Much Larger Than Was Ex-
pected by Traders.

By the Associated Press
CHICAGO, September 10.-Wheat
prices underwent a material setback
early today because of bearish aspects
of the Government crop report. The
official estimate of the domestic
Spring wheat yield was much larger
than expected. Opening IA to rs off
wheat underwent some additional de-
cline before beginning to rally. Corn
and oats were also weak, corn start
ing Il to Ia down and subsequently
sagginS further. Provisions eased
down little.
Besides hosting official figures on
domestic Spring wheat yield 10000 900
bushels over the August forecast. the
Government crop report indicated that
that United States 1927 Spring wheat
production is 100,000,000 bushels
greater than the 1926 total In this
connection, bears made much also of
the fact that the United States visible
supply is nearly 60.000,0O0 bushels or
about equal to last years.
Reports of better Canadian weather
and talk of large world shipments
tended likewise to handicap friends of
higher prices for wheat. In some
quarters, assertions were made that
the Canadian wheat crop is now vir-
tually out of the way of danger from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
Baltimore Markets.

BALTIMORE. September 10 (Spe
ciaD.-White potatoes, bushel 1.25
barrel, 1.50a3.25; sweet potatoes, bar
rel, ! 25a2.50; yamS. barrel, 1.25a2 so
beans. bushel, 6Oa75; beets, 100, 2.00a
800; cabbage. 100, 2.00a4.00; carrots
100, 2.0Oa4.0O: celery, crate, 1.75a2 so
corn dozen, 10a20: cucumbers. basket
75a1.25; elephants, basket. 35a40; let
tuce, crate, 2.50a3.00: lima beans, bas
ket. 60aS5; onions, 100 pounds. 150a
2.25; peppers, basket. 25a35; spinach,
basket, 30a35; squash. basket. 30a40;
tomatoes. basket, 20a30; packing stock,
bushel. 40: apples. basket Local so;
cantaloupes, basket. 35a65: blackber-
ries. quart. 1Sa20; huckleberries. quart.
20a25; Damsons. bushel. 1.50a1.75.
plums. basket, 60a75; peaches, bushel,
l.O0a2.O0; pears. bushel. 1.00a2 90; mel
Ions, each. 10a35.
Hay and Grain Prices.
Wheat-No. , red Winter, export,
1.407s; No 3 red Winter. export, 1875 ;
No. 2 red Winter, garlicky, export.
1854; No. 3 red Winter, garlicky,
export, 1929.
Corn-No. . yellow, domestic. 100,
nominal; cob corn. old. $50 per barrel,
nominal.
Oats-No. . white. new. So; No. 3
white, new, 54. Old oats selling and
212 bushel over new oats.
Rye-Nearby, 1.05a110.
Hay-Receipts, II tons. New hay
is arriving in only limited quantity
and in somewhat irregular condition.
1t is, therefore, not being officially
graded and sells strictly on it's merits,
within range of 1900 and 1900 a ton.
timothy and clover grades.
Straw-No. l wheat, 10.00a11.00 per
ton.
Dairy Farm Products.
Live poultry-Spring chickens.
pound, 23a27; Leghorns, 20a24; old
hens. 20a26; Leghorns, 15a1S; old
roosters, Hale; ducks. 20a22; small
and poor. 15a1S: pigeons, pair, 20a30;
guinea fowls, each, 40a75.
Eggs-Receipts, SIG eases; native
and nearby current receipts in free
cases, dozen. SO; strictly fresh, dozen.
49,
Butter-Good to fancy creamery,
pound. 43a47: prints, 471aa49h2:
blocks, 46 1aa4S1a: ladies, 35a37: rolls.
32a34: store packed, 80; dairy prints,
32a3i; process butter. 39a40.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
Commodity News

BOSTON. September 10.-The Bos-
ton wool trade estimates that more
than half of the 1927 domestic wool
crop has been transferred to manu-
facturers. and predict that IL Ameri-
can mills operate even at so per cent
Of capacity all domestic wool will have
been absorbed by February. Mill op-
erations of 20 or rs per cent are con-
sidered not unlikely.
SPRINGFIELD. Mo.-Ozark farm
ers are experiencing an unusually
profitable season with dairy products.
Butter. eggs. poultry and dairy prod
ucts are expected to yield SIS, 900 900
this year.
YOUNGSTOWN corn crop
will be short this year. according to an
estimate just issued. The crop is
placed at 104 900, 900 bushels. compared
with las. 900. 900 bushels last year.
DETROIT.-Farmer of limited cap
ital will be given an opportunity to
buy live stock for feeding under a
contract note plan which has been
worked out by Robert G.. Atkinson. a
Niles business man. THE contract
notes." which will be accepted by
banks. and which are the equivalent
of chattel mortgages on the stock. will
be paid off when the stock is sold.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
CON0WINGO POWER PLANT
GETS GOING IN SPRING

Special Dispatch TO The Star.
BALTIMORE. September 10.-The
Conowingo hydro-electric power plant
the second largest power development
in the United States, will start opera
tons in the Spring of 1928 and will
be in full operation by the Fall of
that year. according to an official of
the Philadelphia Electric Co.. which
will control the output.
Our Conowingo program calls for
the first unit to be completed and sup
plying energy in the Spring of next
year" he said. "Seven units will be
loaded to the limit by the Fall. Even
with the tremendous increase of en-
ergy that this will mean, we will he
dependent in the main on steam pow
CIR for our energy. Records show that
if all the hydro-electric power in this
country could be utilized it would not
meet the demand. and we would be
forced to depend on steam-created
energy
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
VEGETABLES CHEAP
IN CENTER MARKET.
Egg Values Are Higher, With
Butter Prices Remaining
About the Same.

A plentiful supply of vegetables far
below the usual wholesale prices is
reported on the market today, with
indications that the price scale will
go still lower. Reductions in several
classes of meats also are reported.
Apples are reported to be selling at
81 and $1.25 bushel. about so cents
cheaper than they were last week
The best grade of string beans are
selling from so to Is cents a bushel.
which is considered by dealers as
about so cents lower than the normal
price.
Irish potatoes, best grade, grown on
nearby farms, are reported selling at
s1.50 and $1.75 a bushel while second
grade sells for $1.00 a bushel. Egg.
plant is selling at so cents a crate
or about a half of what it usually
brings, according to the dealers. A
large supply of radishes IS reported on
hand. selling at S1.00 hundred
punches. their early appearance on
the market being attributed to an I'M
usual season.
Other Vegetables Are Low.
Other vegetable prices are reported
to be CORRESPONDENCE low.
Veal is bringing 22a24 a pound
IN pace OIL Z0dZ0 IdSI week, ldIlD,
24a27 instead of 28a30 last week, the
present price. however being / cent
higher than yesterdays, and fresh
hams, 23a25 in place of 24a25 as of
last week. Shoulders continue to sell
at a top price of IS a pound. while
live lambs are going at 13a14 and
live calves at IA.
Butter remains the same, while sew
eral classes of poultry are higher and
several cheaper. and eggs are higher.
The latter, it is stated. are likely to
increase in price as the Fall season
advances.
TOday's Wholesale Prices.
Among wholesale prices quoted to-
day were:
Butter-Fresh, pound prints. 44a
46; tubs, 43a44: store packed. %.
Eggs-Fresh, selected. 38a39: hen
merry. 40a42; current receipts. 35a36.
Poultry, alive-Turkeys. hens, %;
toms. %; hens, small to medium, 23a
"a; large, 25a26; Spring chickens. %;
ROSTERS, 15a16; ducks. 1Sa20; keats,
young, 65; old. So.
Dressed fowl - Turkeys. 3Sa4O;
Spring chickens. 32a33; capons. fancy.
heavy, 39a40; smaller. 35: ducks, Is;
keats, 80a90.
Fresh-killed beef. 18a2O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
DU POINT EXPLAINS
INVESTMENT IN STEEL
Says Purchase of Stock Carries No
Obligation to Take Part in
Management of Firm.


WILMINGTON, Del. September
lO.-Declaring that the E. l. du Point
de NemOurs Co.'S purchase of $14.-
100000 worth Of the stock of the
United States Steel Corporation.
carries with it no obligation to par
tlclpate in the management of the
steel corporation through director
ships or otherwise, Irenee du Pont,
chairman of the finance committee OF
the Dua POnt company, has sent a
letter to Col. William Donovan of
the Department of Justice
The letter is in answer to an in
quiry made by Col. Donovan, with
respect to the growth of the Du Pont
company and It's relationship with
the General Motors Corporation and
A copy of the letter has also been
sent to the Federal Trade Commits
sion, which on July 20 notified the
Du Pont company that it had di-
rected their chief economist TO in
vestigate the relationship between
the three corporations. This letter
also gives details of these relation
ships which will also, be sent to the
stockholders of the Du Point COM
pany.
In the final portion of his letter,
Mr.. du Pont declares that the pur-
chase of steel stock is different from
the purchase of stock of the General
Motors Co.. because capital funds of
the company were invested in General
Motors and this carried an obligation
to assume at least in part, responsible
ity of the management of that con-
Germ.
The purchase of this ia, 900 shares of
stock in the steel company for S14,.
100000 was purely an investment of
that amount of the du Pont Co. s re-
serve and carries with it no right, re.
sponsibility or obligation to participate
in it's management, and that no direct
or, officer or employe of the company
is an officer. director or employee of
the steel corporation. The stock is
subject to resale at any time at a
moments notice.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
SELLING IS HEAVY
IN COTTON MARKET
Weak Cables and Favorable
Weather Map Factors in
Today'S Decline.


NEW YORK. September 1O.-Thc
cotton market opened easy today at
decline of So to IL points under re-
newal of heavy, and more or less
general. realizing or liquidation. Sell
ing was accelerated apparently by
relatively weak Liverpool cables and a
favorable weather map. Many stop
orders were uncovered on the decline.
December sold off to 22.13 and March
to 1882 before any slackening of the
pressure. net declines of about 81 to
SO points and reactions of 159 points
from the high price Thursday in the
case of December contracts. Trade
buying was reported on a scale down.
while there was good deal of cover
ing. but prices were within 4 or 5
points of the lowest at the end of the
first hour.
Private cables reported heavy liqui-
dation in Liverpool. with an absence
of bull support.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
BUTTER IS FIRM.

NEW YORK. September 10 R.-
Butter firm. receipts. 1884 tubs: eggs
firm; receipts. II, 045 cases. Nearby
hennery whites. closely selected extras,
51a54; nearby and nearby Western
hennery whites, firsts to average ex-
tras, 37a50. Cheese firm; receipts.
1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
STEEL ORDERS GAIN.

NEW YORK. September 10 Up).-
Unified orders of the United States
Steel Corporation on August 81
amounted to 3.196,037 tons, an in
crease of 54.023 tons, compared with
the end of the preceding month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
Markets at a Glance

NEW YORK, R.-Stocks strong;
Studebaker crosses 81, new high.
Bonds easy; railroad liens in supply.
Foreign exchange, heavy; Japanese
yen go below AZ cents. Cotton weak;
favorable weather. Sugar holiday.
Coffee holiday.
CHICAGO.-Wheat weak; bearish
Government report. Corn lower; fine
weather Southwest. Cattle irregular.
Hogs steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
EXTRA DIVIDEND VALUE.

NEW YORK. September 10 (P).-
The Singer Manufacturing Co. today
declared an extra dividend of $3.50 in
addition to the regular disbursement
of $3.50, both payable September 80
to holders of record September 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
DIVIDEND INCREASED.

NEW YORK, September 10 R).-
Stock Of the Acme Steel Co. has been
placed on an increased annual divi-
dend basis of s4 share. with quar-
terly disbursement of 81. formerly IS
cents.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
COTTON GOODS STRONGER.

NEW YORK. September 10 (SpeciaD.
Cotton goods markets quoted down
today, but prices were strong. Print
cloths were marked up a quarter of
cent to 91a for 64x60's and an eighth
Of a cent to 1875 for 6SX72's. Raw
silks were quiet and unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
SURPLUS INCREASES.

NEW YORK, September 10 P).-
Surplus of the Pacific Gas & Electric
Co. for the first half of 1927 rose to
$5,t86,931 from $3,705,5S7 in the COR
! responding period last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
BOSTON STOCK MARKET.

BY Special Leased Wire to The Star.
BOSTON. September 10.-Following
Is list of today's highest. lowest and
closing prices for the most active
stocks dealt in here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
United Fruit Co.
CHICAGO STOCK MARKET.

By Special Leased Wire to The Star.
CHICAGO. September 10.-Foliow-
ing is a report of today's sales. high,
low and closing quotations, on the
chicago Stock Exchange:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
Wall Street Features
Greene Cananea Stock.

NEW YORK. September 10 (Spe'
ciaN.-Greene Cananea has been most
In demand among the copper stocks
recently. The fact that these shares
lave moved forward from the low of
the year of 29A to current quotations
above Ga. while others of the group
have done little, has been due to op-
timism over the companys new de-
velopment through which already 25
per cent of Greene Cananea's monthly
lions started south of Capote basis at
Cananea, Mexico. There are only
100000 shares outstanding and the
floating supply evidently has been con-
kiderably reduced since discovery of
the new ore bodies.
United Fruit Co.
Earnings of the United Fruit in the
hrst half of 1927 are estimated to have
fully covered the years dividend re-
suirements of 81 share. On April
! the company paid an extra dividend
bf $3.50 share along with the usual
quarterly distribution. Dccause of the
TACT that it ranks as one of the five
hrgest producers of sugar cane in
TUBA, it naturally stands to benefit
through the current upturn in raw
sugar prices. Reports have been cur
rent of possible merger of its Pana-
hla interests with those of the Stand.
lrd Fruit and Steamship Co., although
nothing official along this line has been
forthcoming. United Fruit went into
hew high ground for the year today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
POULTRY MARKET QUIET.

NEW YORK. September 10 CP.-
Live poultry quiet; dressed poultry
quiet
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10

Dividend rates as gwen ~ The above table
are the annual casn paymt;Its tased UU the
lltn5t quarterly 1r half Yearly declarations
Cnlcss otherwise noted Extra or spt cial divi-
dends are not included
Unit of trading less than 100 shares
= Party extra Plus / e. in stock Paw
abb" in common stock Z Plus 200 in
;t.ck a Paid this year-uo regular rate
b Ten pcr cent common stock payable
-: 10 quarterly Plus so IN stock d Pay.
able, when. earned Payable n cash on
stock Plus l0I IN stock . Plus 100
share ~ ,tp'k ! Plus III a share IN special
stock Plus 90 in stock Plus 30 m
stock; Payable Of n share quarterly
n Class A ,:nck NJ flus 81 ~ stock
q Partly stock n Plus 81 m pre- ferrc,l etocb
Plus one-half Of Common stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
Calls Florida Outlook Brighter.

Gravel to Florida promises to be
much better during the coming Fall
and Winter season than year ago.
Fairfax Harrison, president of South
ern Railway Co.. says. He believes
that the depth of the post-boom de.
preston was reached last season and
declares that recovery has set in.
Carriers serving Florida look for
a substantial amount of business this
season. Commercial and financial
conditions have improved greatly. Ac-
commodations are better for the an
nual influx of travellers than ever.
Buying power down there has re-
covered"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-10
Insurance Employees Plan Outing.

More than 400 officials and employees
of the Acacia Mutual Life Association
will attend the annual home office out
ing. which is to be held at the Manor
Club on Tuesday, September IL. ac-
cording to an announcement from
Acacia headquarters in the Homer
Building.
4 great variety Of events has teen
scheduled, to include golf, swimming,
tennis and dancing. The committee
in charge of arrangements for the
day includes the following members of
the home office staff: ID. T. McGraw,
chairman; Eta Webb, Charlotte Quis-
enberry. Grace Johnson, Laurine
Rees, w. B. Baughman and Ernest
Higgins.
Convention Opens Tuesday.
The convention of the National Ad-
vertisers Association opens next Tues
day at West Baden, Ind. Bankers
from Washington who will attend the
session are John Poole. Eliot II. Thorn
son, r. L. Flather and T. Hunton
Leith.
Consul Board Dinner Monday.
The annual dinner of the board of
.onsuls of Washington Chapter, Ameri-
can Institute of Banking, will be held
on Monday at the Hamilton Hotel.
The guest of the board will be w.
w. Spaid, president of the District
Bankers Association.
The Nome nugget., 1927-04-02
CROSSON ARRIVES BARROW
 Is ON WAY BACK FAIRBANKS

Fairbanks. Mar. 29. (R-Joe Crosson. Fairbanks Airplane Corpo- ration pilot. arrived at Point Bar row Saturday with the Wilkins Ex- petition. newspaper man for the Detroit News. making the trip from Wiseman in four houis, forty five minutes. following the Coast from Smiths bay on the Arctic ocean making an easy landing at Point Barrow. Crosson plans to return by way of Kotzebue where he will pick up passenger for Fairbanks. The Airplane Co., indicated today that Croson will continue from Kot- zebue to Nome
 Thence Nome to Sevoonga, St. Lawrence Island, to rush a sick man from that place to Nome. af- ter which he will continue on to Fairbanks.
The Nome nugget., 1927-04-02
SUMMONS FOR PUBLICATION.

In the District Court for the Terri
 tory of Alaska. Second Division. Walter Girman. Plaintiff,
 vS.
 GERMAN. defendent. The President of the United States of America, To Francesca Girman, defendant above named,
 GREETING
 You are hereby summoned and required to appear and answer the complaint of plaintiff on file 1T tho office of the Clerk of said Co.srt. in the City of Nome, Territory of AL aska. Second Division. within thirty days from the date of the last pub ication of this Summons. that is to say within thirty days from the ninth day of April, 1927. or juds- ment for want thereof will be taken against you. and you are hereby notified that if you fail to answer sad complaint. the plaintiE will apply to the Court for the relief demanded therein. towit, for a De- cree of Divorce dissolving the Bonds of Matrimony between yourself and the plaintiff upon the ground of desertion: the date of the Order for the publication of this Sum mons is the 18th day of February. 1927; the date of the first publi- cation hereof is the 26th day of February, 1927. and the date of the last publication is the ninth day of April, 1927.
 Witness the Honorable G. J. Lomen. Judge of the District Court for the Territory of Alaska. Second Division, 4-d the seal of said Court hereunto afixed at Nome. Alaska, this 2eth day of February, 1927.
 (SEAL) ELMER REED, Clerk of the District Court. Second Division. Territory of Alaska.
 By Norvin W. Lewis. Deputy. Publish Feb. 2s, March 5. 12, 1s. 2s, April 2, 3, 1927.
The Nome nugget., 1927-04-02
AIDING |. s. s BRITAIN

Shanghai. Mar. 2S. (P,-The com- bined action of the United States. Great Britain and Japan with a view of preventing further anti foreign trouble in China is fore shadowed in dispatches from Pels.. ing stating that diplomats are con- ferring regarding remedial meas ures. Shanghai is buster than it has ever been during the day time but at night everything is shut up, with the hotels and boarding houses as we'll as private homes being full of refugees. who are swarming by the thousands to the city, but the presence of the troops has removed much Of the fear and anxiety for life and property, but much anxiety is felt for the future. Business is at standstill and the business men feel that unless the anti-foreign feeling is diminished Great Britain and the United States may soon bid good bye to business enterprises in China.
The Nome nugget., 1927-04-02
SENATOR BORAH SAYS
 HAND OFF CHINA

Washington. Mar 2s, R-Sen- ator Borah, in an address before the National Good Housekeeping Conference here yesterday voiced the plea to let China work out her own destiny unmolested by us, urging America to pursue the pol icy of hands on" in Chinese afY- airs. Senator Borah declared he believes that out of the chaos of the Orient would come "a perma- nent and real democracy which would take it's place among the ma tions of the world. T thank God that the Nationalists marched into China yesterday" for the spirit
 which prompts the Chinese today is the same as that which impelled the American colonists in their ef- fort for freedom.