davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
CONDITION OF WHEAT
SHOWS AN ADVANCE
Department Of Agriculture Places
Status at 84.5 Per Cent Of
Normal, Above December.
Ru the Associated Press.

by LhS ASsuGlahSA 1000
Condition of the Winter wheat crop
on April was the highest OF any year
an that date since 1921, the Depart
ment of Agriculture yesterday placing
II at S4.5 per cent of normal, an in
crease of 81 points since December /,
compared with an average decline OF
4.6 points between those dates in the
last ten years.
The Department issued no forecast
of indicated production nor any sta
tisticg on the acreage abandoned, both
Of which will be estimated next month.
The area sown TO Winter wheat last
fall was 4I,s07, 900 acres. Last years
harvested area was 36,913.000 acres
and production 626, 1923 900 bushels.
Ali important Winter wheat States
in the eastern central and north cen
trail sections showed an Improvement
in conditions since December.
Moisture and temperature conditions
in general have been favorable, the
department reported, but in the west
ern third of South Dakota, southwest.
ern portion Of Nebraska, western end
of Kansas, and northwestern part OF
Oklahoma. 1t has been too dry for
wheat, although recent rains have oc'
Cured in this general region.
In Kansas, the greatest Winter
wheat producing State, where 1882
900 acres were sown last Fall, the de
partment said rainfall had been
ample, except for the western third
and in portions of the soft wheat
area in the southeast, where rain
falls was excessive.
While wheat conditions in general
were reported good TO excellent, com
plants from many sections incacate
the late-sewn crops have Jared poorly
This Ia true. it was said, especially
in Pennsylvania, Maryland and north
ern Illinois.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
4.93 PCT. RETURN SHOWN
BY ROADS IN FEBRUARY

A net railway operatinG income of
$40, 1856 for February, (which was
at the annual rate OF rettarn of 4.s3
per cent on the property investment,
was indicated in figures made public
today by the Bureau OF Railway Econ.
omics for the class l railroads. in the
United States. In February tIast year.
the net railway operating iranome was
$63,377.T61. or 4,6s per centAon their
property investment. The Acompila.
ton as TO February earnlngmAis based
on reports from $50 class III roads
representing total mileage OF
23S,1Ie.
Gross operating revenues for Feb.
ruary amounted to sass. sa4. 80 com
pared with s&6p,67s ,ass I'm February,
1928, or mn increase aof i.S per- cent.
Over the first two months Of 1917, the
class ! reads had a net railway oper-
atinE income &c xtsl ,6a4.0 s0, which
was az the annual rate Of retuMn OF
4.hs per cent on their property iravest.
metlt. The net railway operating In
come IA what ID left after the payment
Of operating NxpAnmnB. taxes land
equipment rentals. but before interest
and fixed charges are paid.
The net railway operating income
for class | roads IN the eastern dis
trict In the first two months OF 1897
totaled ,s66.Oo7 100 which Was at the
annual &ghte OF return Of 6.46 per cent
on their property investment
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09

| the other man faced somewhat diff
| ferent problems. Stories regarding
successful personalities are of value
| to Others only in so far as they in
spire confidence. There is ordinarily
little profit in blindly following the
footsteps OF another, without indie
! pendently analysing your own oppor-
tunities, special capacities and
weakness.
Likewise, in the realm of invest
mentsu each proposition should be
Judged in the light of the special
facts surrounding it. In the primer
of the fake stock promoter the de-
lusive analogy looms large. Pros
pective buyers of shares in a new
concern HORNED to make a foamless
soap or. non -infiammable gasoline,
for example. are keyed to a state
OF mental excitement by the subtle
remark ira the prospectus of the pro
moter that the original investor in
the Ford Motor Co, the Bell Tele-
phone Co.. the Westinghouse Air
brake and such chain-store systems as
the Great Atlantic & Pacific Tea
Co. and the F. w. Woolworth Co.
attained fabulous returns on their
Ioriginal Investment funds.
Persistent Employment.
The device, on analysis, seems
crude and ineffective. vet the fact
that its usei is a helpful stimulant
to the sale of worthless stocks is
indicated by tits persistent employ
What are the defects of this tyne
of argument?
In the first lplace, the success Of
the Bells, the Westinghouse and the
Woolworths In different fields of ac-
tivity under unlike condition is no in
dication by any .stretch of imagina-
ton that the new promoter win proc
per commenSurataly.
Secondly. If any lesson is to be
drawn from the records of the paEs.
1t is scientifically necessary to set tp
the infinitely larger number Of fall.
ures against the relatively small num-
Der Of conspicuous successes
Thirdly, enterprises that have Jared
we'll have almost universally depend
ed not solely on an idea of their
founders but also ON good manage
ment. In referring 70 the records OF
outstanding successes, promoters are
seeking to divert e4attention of the
prospective investor ffom the paucity
OF information concerning their own
venture. The buyer with an inquir.
ing mind viii Insist that the security
vender eschew genetalities about
success in the abstractt and dwell on
the facts concerning his own PROPOSE
ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
MEN AND MONEY
By NJ. S. RllkeyseF.
fCoryriEht. 1879

A new chapter in the picturesque
history Of Erie was written in Wall
Street this week when in a burst OF
speculation the common stock scared
to the highest peak In it's history.
The resumption of speculative In
terest in Erie, a favorite of an earlier
generation, inevitably recalled mem
mories of an earlier and more primi-
tive era in the Street.
AS one commentator shrewdly OBJ
served 20 years ago, more than any
other American line, the Erie is q
railroad with history; and even In
a country where scandals and mis-
management were not infrequent, the
story of the Erie stands out in bold
relief. It's annals go back to the
halycon days WIN Daniel Drew ran
printing presses overtime to manu-
facture stock for Commodore Wander.
bilt to buy; when Jay Gould restored
to the road the modest sum Of ten
millions because, the chronicle runs,
he feared TO share the fate OK his
partner, Jim Fisk, who was murdered
when the offices Of the company were
carried about in the pockets of Fisk,
Gould. eft al, to escape suits and In
functions; and the road was in general
simply an extensive gold brick which
its possessors used in the promotion
of their highly ingenious and often
amusing swindles."
Affairs ReputabIy Conducted.
Since it's last financial reorganiza-
ton in 1895 the affairs of the Erie have
been reputably, If not conspicuously
successfully, conducted. under the
auspices of Morgan and the First Ma
tional Bank interests. IT. -, Under
wood, as president, for more than two
decades, contributed significantly to
the physical rehabilitation or the
property which has gradually sought
to free itself of the stigma Of its un.
savory past. Three years ago, the Van
Sweringen brothers of Cleveland be
gan TO buy a substantial intsrest In the
Erie. and early this year asserted their
dominance In the affairs OF the road by
switching J. J. Bernet, under whose
presidency the Van Swerinkun inter"
ests had built up the Nickel Plate. to
the Erie. Mr., Bernat in nnaueation'
ably the star member Of the Van sswer
ingen group of railroad operators. and
the new speculative interest In the
stock represents the hope on the part
Of interested groups that Mr. Bernet
win in some measure be able to dupli-
cate on the Erie the brilliant work he
did for the Nickel Plate. Mr., Bornat.
who is up from the ranks, worked un.
der the late A. IL. Smith Of the Now
York Central system. Mr.. Bernet Is
closer to Mr.. Smiths type than any
other individual in the field, an az.
gressive producer OF new business, and
a skilled craftsman on the operating
side.
Mr.. Bernet Immediately made sub
stantial changes in Erie management.
rearranging the divisions. introducing
new features, such as modern means
OF forecasting earnings, and instituting
new program for equipment. With
the growth Of the country, the Fries
gross revenues have risen with marked
rapidity during the last decade, but
operating costs have risen nearly as
fast. Mr.. Bernet'a major job will be to
save q larger proportion OF gross for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
NEW YORK CURB MARKET
Received by PrsV1te Wire Direct to The Star Once

ton in the electric refrigeration in
dustry.
Oil shares were offered freely when
ever bids came into the market around
the current price level.
Public utilities were again looked
upon with favor. but the demand was
not as pronounced as it had been Fri
day. United Gas and Improvement
held well up to its best prices, Ameri-
can Gas and Electric improved frac-
tionally, and numerous Of the low
priced members gave good account
Of themselves.
The foreign bond section of the list
was active and strong, with Montica-
TIM rs and Mag Mill Is prominent.
st. Paul new IS OF series "a" reached
another new high, and there was a
good demand for Consolidated Tex
tile SIS.
The market left off in an orderly
manner. with gains and losses inter
mingled.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
RANGE IS NARROW
IN COTTON MARKET
Week End Realizing and
Southern Selling Are Read
lily Absorbed.

NEW YORK. April 9,-The cotton
market opened steady today at de.
cline of 1 to points, fuller response
to Liverpool cables being prevented,
apparently by a continuance Of un-
settled weather and the food situation
in the Mississippi Valley.
Some week end realizing and a little
Southern selling were readily absorbed,
the market working UP to 1877 for
July and 1852 for October by the end
of the first hour, or about a point over
yesterdays closing quotations.
Private cables said trade calling had
been supplied by hedging with Man
chester and continental selling in
Liverpool and reported the Manchester
Cloth Market inactive, with buyers
holding off.
New Orleans Market.
NEW ORLEANS, April 8 (P1.-An
unfavorable weather outlook boosted
cotton prices from a decline encount-
cred soon after the opening today and
enabled them to recover 3 or points.
May traded up to 1921, July 1898
and October 14.52. First trades show
ed no change to points decline. The
weather appeared to be the dominating
influence in the market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
RUM0R PROBE SEEN.
Paper Says Exchange VIII Inves-
tigate skelly Oil Report.

NEW YORK. April Q 1p).~~The New
York Herald Tribune says the board
OF governors Of the New York stock
Exchange will be asked 10 investigate
the circulation Of rumors that the
Sicily Oil Co planned to pass its reg.
uiar dividend.
William G. Sicily, president of the
company, in o message sent from Chi.
cago to his representatives here, said
the regular dividend would be de-
clared when the directors meet. He
denied that there had been anv agree.
ment with a Chicago bank that had
headed syndicate to take over
sl5.000,0 900 of Skelly Oil debentures to
pass the dividend.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
~ WuLLlAM =. HEFFERNAN.

NEW YORK. April 9.--Price move.
ments on the Curb Exchange today
were typical of a week end session
following a period of activity and inn
provement. Profit taking sales In a
number of recent favorites carried
them down substantially from yes.
terday's closing. So far as specula-
tive sentiment was concerned there
appeared TO be no change in the out.
look for the future.
Losses of point to two points were
recorded in Safety Car Heat g. Light.
Palmolive and American Cellulose pre-.
ferred. Safety Stores dropped 5
points to 285. but the comparatively
wide spread in this issue was due TO
the high selling prices. The new low
record for Servel Corporation common
was reflection of the severe competi.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
BUILDING STEEL IN DEMAND

NEW YORK, April CPl.-Heavy
steel inquiries for building purposes
are reported from the Youngstown dis
trict. Current improvement in con-
struction also is said to be benefiting
merchant steel bars and demand is
quickening Warehouse business In
fat rolled products is active, especial
ly for odd-lot sizes not carried by pri-
mary makers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
WHEAT GOES HIGHER
ON U. S. CROP REPORT
Estimate Not as Bearish as It Was
Anticipated, and Grain Values
Score Advance

Special Dispatch 10 The Star.
CHICAGO. April 9.-The wheat
market was higher today on buying
stimulated by the Government crop
report, which wasn't as bearish as
anticipated. After the first half hour
May was 1.S41z; July, 1.2sh. Corn
was up with wheat; May, "a: July,
7SM. Oats were higher; May, 44A
July, AN. Lard was unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
sPENCER.sMITH OPTIMISTIC.

NEW YORK, April 9 Cp1.--No seri
Gus setback in business is anticipated
by NJ. Seymour Spencer Smith. a di
rector Of the Bank of England who
said on his departure for Europe that
he was reasonably optimistic on the
outlook in this country. Money
seems to be plentiful Trade appears
to be in a very healthy condition and
this situation should continue"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

FORT WORTH, April 9-Sales of
mexican yearling steers 10 Texas cat
Tie men have begun. Joe Matthews and
Jack Mansfield bought 5000 such ami.
mails this week for about S200 600. The
hrst Of this herd will be delivered
May is In Columbus, y. Mex. The
steers will be summered in Kansas
AKRON.-So far this year Akron
tire manufacturers have done a record
volume Of business. The Miller Co.
sales advanced 100 per cent. Goodrich,
Soldering Firestone, General. India
and Mohawk all report gains over
1928.
DETROIT immense new Dodge
factory, in which the company's high.
er priced products will be turned out,
is now complete and installation Of
machinery Is being rushed. II adds
100000 square feet Of floor space TO
the Dodge factory.
BOSToN.-The two sugar estates Of
the United Fruit Co, IN Cuba. will be
allotted an output. under Government
regulation, Of 96s 600 bags. The capac.
iity OF the plants is about 800 900
bags.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09

Net income OF Philadelphia Electric
Co. for 1925 rose to $9,4Io, 1871 from
S.Sl6,869 in 1925. This is equal to
$z95 share on the common, against
1888 share the year before, after
preferred dividends. The preferred
stock has been retired
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
THE BUSINESS OF GETTING
AHEAD.
Danger Of DeIuslve AnaIorles


An individuals life is Infinitely
complex. and he Is likely to succeed
in proportion as he Is able inde-
pendently TO think out his prob
lens. 1t il q mistake bilndly to fol-
'Dw the example of another. however
great the model may have been. for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09
TREASURY CERTIFICATES.
Have You Been stung Yet,

Some men have to get stung good
and hard before they learn to be eau
uous in making investments. Before
you invest-investigatel
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09

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, 1927-04-09
MINING STOCKS
Baltimore Markets

BALTIMORE, April (SpeciaD.--
Potatoes. 100 pounds, 1.25a250 new
potatoes. barrel, 5.00a7.50. sweet pota.
toes, barrel. 2.25a2.75: vans. barrel,
Z. 00a2s0; bushel, 50a1.25; asparagus,
dozen. 2.00a5 90; beans, bushel, 2.50a
co. beets. bushel, 2.00a2 rs; cabba ge,
ton, 2500a2S.00; caulifiower, crate,
2.50a275; cucumbers, bushel, 3.00a
500; carrots. 100 pounds. 1.50a1.75;
celery, crate, 150a3.00; kale, bushel
25a40; lettuce, hamper, l.25a2.50;
onions. 100 pounds. 3.00a40o; Spring
onions. 100, 75a1.00: peppers, crate,
2.00a3.50; peas, bushei, 2.00a325;
radishes. bushel. 1.00a1.50; rhubarb,
100, 4.oOa6.Oo; spinach. hushel, s5aS0;
squash. crate. 1,50a3.00; tomatoes,
crate, I.25a3.25.
Apples, barrel, 1.00a5.0o; busheI, rs
a2.o0: grapefruit. box. 2.50a3 so:
oranges, box, 3.75a5.2S; Strawberries.
quart, 26a50.
Dairy Products.
Live poultry-Turkeys pound, 40a
as old, 35 poor and crooked breasts,
% young chickens, 35a36; poor and
thin. isaac. Winter chickens, 40a45:
Spring chickens, 45a50; old hens, goa
80; Leghorns, 25a2S; roosters. 20:
capons. isaac; ducks, 2sa34 poor and
thin, 23a25; guinea fowls. each, 50a
70: pigeons. pair, S0a35.
Dressed pouitry-Turkeys pound
40a45: old toms, 35a35. poor and
crooked breasted. 25. chickens, 30a36:
roosters, 20; ducks, 30a35; capons.
35a42
Eggs-Receipts. 1882 cases; native
and nearby flrsts In free cases. 23A
NnV4
pound. 47a52; prints. 52a54: blocks, 81
asa; ladies'. 3la32, rolls, 29a30; store.
packed. 2sa29; procesqgp butter, 40a41 !;
dairy prints, 29a30-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-09

Colored bracelets to match the en-
orolnery OF dresses are faddish in
PartA ..--..-...-. -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-07
DISTRICT BOWLERS
MAKE NO CHANGES

District Duckpin League the COM
ing season will have the same teams
and the same officers as during the
last campaign. it was decided at
a meeting of the leagues board Of
directors last night
CUNTS that will again compete In
the circuit are Convention Hall, which
won the title last season; King Pin,
Meyer Davis, Arcadia, Northeast
Temple, Petworth, Stanford Paper
Co., Cornell's Lunch, Government
Printing Office and Curb Cafe.
These officers will again serve:
John S. Blick, president; Charles Ben
son, vice president. and w. Charles
QUAINT. secretary-treasurer and official
scorer.
September 26 was set for the league
opening between Convention Hall and
Northeast Temple on the formers
drives.
A new set of bylaws was adopted.
Use of the playing rules governing
the duckpin game as authorized by the
Washington City Duckpin Association
was decided upon.
Prince Georges County Duckpin
Association will hold a meeting to-
morrow night at o'clock at the
Arcade alleys, Hyattsville, to COM
plete organization. Division of the
league into two 10-team circuits is
planned
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-07

on. even terms the best Of its oppo-
neflts.
? Every person interested in Gal
iaudet College will hail with pleasure
the announcement that Teddy Hughes
again is to coach foot ball. After
Hughes announced he would be I'M
able to handle the squad this year
because of i'll health. Manager Peiloff
made great efforts to get the type OF
man he thought could turn out Q
good eleven. However, he did moi
meet with much success and it seemed
that the Kendall Greeners were goinf
to find 1t nearly impossible to fiji
Hughes shoes. But now comes ths
man who has been so successful with
Gallaudet athletics with the statement
that he will boss things. Gallaudet
should consider itself fortunate, while
Hughes deserves the gratitude OF
every loyal Gallaudet .adherent.
With George Washington and Cath
Ollie University scheduled to get on the
field today, four college squads will
be running full blast, Georgetown
having had little more than week
Of practice and Maryland two days
All four universities have tough sched
ules. and all have their work cut out
for them If they are to make credit
able showings.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-07
NEW V. vi. |. GRID COACH
TO TUTOR STRONG SQUAD
Raftery, Successor to Clarkson, Has Many Veteran
Candidates for Varsity Eleven-Cadets With
Hard Schedule to Get Early Start.

some experience at tackle, will be
used in that position regularly.
Hawkins and Holtzclaw of the var.
sity and Kosis of the freshmen are in
front for the quarterback position. Alb
Barnes, star of the backfield. is likely
to play halfback and be the mainstay
in carrying the ball. Harner. Gfroerer
and Nabers, are the best men for the
other halfback's berth. Burgess. Car
ney. Swank and Harris come from the
backfield of the 1926 freshman eleven.
Thornhill and Moss won their let
ters at ends year ago and probably
will come near getting the wing posi-
tons as regulars. Johnny Fain, 1926
captain. was lost and will be missed
from end.
AS a whole, V. NJ. is outlook is
much better than at this time last
September. Coach Raftery is Of the
opinion a better eleven will be turn
ed out. V. NJ. I. may not win all its
games. according to Raftery, but will
have an eleven good enough to face
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-07
OFFICERS TO BE CHOSEN
BY SOCCERISTS TONIGHT

Officers of the Washington and
Southeastern District Soccer Associa-
ton will be elected at a meeting to-
night in room 2, District Building, at
1870 o'clock.
Immediately following choosing of
association officers Washington Soccer
League will name the men to guide
its affairs the ensuing year. Each
team of the league is urged to send
two representatives to the meeting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-07
By H. c. BYRD.

Y VIRGINIA MILITARY 1NSTI-
TUTE is the only institution in
W the South Atlantic section to
make radical changes in its
coaching system for foot hall
this Fall. Blandy GARRISON, who Tor
several years has been head coach and
graduate manager, has retired as head
coach to give all his time to the work
of graduate manager, and Bill Raftery,
who was assistant to Garrison, be-
comes head coach. Clarkson also is
an instructor in mathematics and
that work, in addition TO coaching and
the graduate managership, gave him
more work than he cared to continue.
Raftery is a good coach and has
had long experience. He was at
Washington and Lee before going to
V. NJ. l., and at that institution turned
out some good teams. He brought
the Washington and Lee eleven here
four years ago and trimmed George
town. Raftery and Clarkson are
close friends and Raftery probably
will carry out in general the same
policies that for a long while have
made V. NJ. I. feared and respected
in Southern foot ball.
V. NJ l. plays a 10-game schedule
and meets some of the strongest
teams in the South Georgia Tech,
Virginia, Maryland, North Carolina,
Kentucky and Virginia Polytechnic
Institute are its most difficult con-
tests. The whole list of games fol-
lows:
September 11-Wofford at Lex.
ingtOn.
September 24-Richmond at Lex.
ingtOn.
October Georgia Tech at At
lanta.
October S-Roanoke at Lexing.
ton.
October 15-virginia at Char
October 22-Maryland at Rich.
mOnd.
October 29-Davidson at David.
son.
November 5--North Carolina at
Lexington.
November 12- Kentucky at
Charleston.
November "a Virginia Poly.
technic at Roanoke.
1t will be noted from the above that
v. Nj. L. has the honor of prying
the lid off the South Atlantic sea.
son. 1t is the only college in the sec.
ton that plays on September II
And. incidentally, the Cadets NAV not
nave such easy picking in that con.
test, as Tommy Scaffe. former NAVY
coach, is head coach at Wofford. and
knows how to turn out a team. It
is dollars against the hole in a dough-
nut that V. NJ. /. will face in Wofford
the fastest and hardest charging line
that 1t has ever been against in an
opening game, which is diSconcerting
TO say the least, in any game. and
especially in an opening game.
An arrangement has been effected
whereby the game with North Caro-.
INA will be played at IL o'clock. Vir-
GINA and Washington and Lee plav
at Lexington on the same date. and
" NJ. l. very courteously agreed to
snlft Its game to the morning so that
all the people who will be in Lexinp.
ton that day can take in both contests.
Many Regulars Return.
Shep Mondy and Ken Rugb. both of
Mnom won their letters a year ago.
VII be back to play center. And
crow and Chadwick, freshmen of last
year also are good in that position.
liberty, Hewlett and Smith won LET.
ters In the guard positions in 1925
ana probably two of them are going
10 De regulars when the team finally
Is lined up for the opening game. F,ui.
ton, Willard, Straughn, c. Haase. w
i1aase and A. Crow are the guard and
tackle material from the freshman
squad. Possibly Smith, who has had