davidaulloa/AmericanStories huggingface dataset:
The Daily Alaska empire., 1928-10-13

Details as to the Packard Metor Car Company's new Diesel type of oil burning airplane metor arc carefully guarded. The abave picture shows the enclosed cabin type of monoplne used in recent tests, but the engine itself is not permitted to be photo graphed. Capt. L. M. Woolson (right) aeronautical engineer, designed the motor.
 DETROIT. Oct 13.=Mechani- cal details and even closeup public view of the new Diesel type of oil-burning airplane mot or with which the Packard Motor Car Company is carrying on ex- periments here are being withheld until final tests have been com pleted. Great care is being taken that the construction secrets that | made possible recent successful .ests of the motor remain within he Packard laboratory.
 The motor, first of it's kind, is he invention of Capt. L. NJ. Noolsol, aeronautical engineer if the company. It is not a Diesel ngine, but Diesel type of en-
The Daily Alaska empire., 1928-10-13
MISS TAYLOR LEAVES

Miss Marguerite Taylor. who fer the past two weeks has been visit ing her brother, Ike P. Taylor and his wife. left on the Princess Alice this morning for her home in Boise, Idaho
The Daily Alaska empire., 1928-10-13

cent. It is expected additional donations will be received shortly.
The Daily Alaska empire., 1928-10-13

ole papers for saie at the Empire
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
MIDWEST FINANCE
/ IS SHOWING GAINS
Tendency Toward Independence
Shown in Recent Banking
Growth.
By OWEN L. SCOTT.
eo,aI roisnatch to The Star.

Special Dispatch to Inc star
CHICAGO, December 5.-The Md
west very distinctly is coming OF age
in the modern financial World-a lacC
Just now being evidenced from many
quarters. ,,4.
There was an inkling of developments
when the largest bank in the country
under one roof, with resources OF one
billion dollars. was formed here NOW
a second merger has brought newly
enlarged institution, with resources OF
5000 600 600, and third big conSollda-
ton is in the oflng. III.
THESE moves are followed today with
the report that these banks contem-
r1Iate creation of investment firms COM
parable with the largest anywhere, ana
capable of financing the biggest OF tfle
corporations, independent OF new YORK.
If heed be. -,
second Stock Exchange. The Board OF
TRADE. which for 80 years has served
az enc of the worlds largest gram ex-
changes. win move to new temporary
quarters this Saturday to permit con-
str1lction of a new skyscraper NOME
After this move, trade in listed Securl-
ties is to get under way as soon as the
mechanics can be worked out.
The present Stock Exchange Is dong
six times as much business as a year
ago. with daily business approaching
the SOC, 000-share mark. The Board OF
Trade and the local Stock Exchange
for a time considered arnalgamation'
but overtures were finally turned down
0v stock Exchange officials, SO now
the city and the Midwest are to have
two major securities markets. Both
are open to listings by concerns VINO
meet the exchange requirements.
Something of the Midwest tendency
toward independence in financial al
fairs was shown at the time the Fed
eral Reserve authorities initiated their
policy Of easy money. Inc Cmcago
reserve district finally refused to make
q, further reduction in the discount rate
and acted only when ordered by the
Federal Reserve Board. The district
officials kept up the fight and hnally
won their point.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
CORN PRICES DROP
= IN EARLY TRADING
Weather Reports Cause Setback.
Wheat Easy-Provisions
Weaker.
~ the Associated Press.

&5y the RSSOclaLSQ EEeSS.
CHICAGO December 5. - Cold
weather and clear skies gave an early
setback to corn prices today. Such con-
ditions were deemed likely to facilitate
movement of the corn crop, and selling
of future deliveries became more
numerous. Opening unchanged to Is
lower. corn later showed declines all
around. Oats, however, displayed
strength; wheat was easy, starting Il
off to IN up, and afterWard undergoing
a general sag. Provisions inclined
downward.
Notwithstanding that the oats mar
ket today overtopped any price when
May delivery of oats had heretofore
reached this season. corn values drop
ped, owing to increased selling con-
seuuent upon improved weather pre-
vailing over the corn belt. In partlc-
ular. houses with foreign connection
were apparently more favorable to the
selling side of the December delivery.
Moreover, it was pointed out that prl-
mary receipts of corn so far this week
have been in excess both of last week
and of a year ago.
Wheat traders were influenced good
deal today by continued reports OF
Argentine wheat offerings to Europe at
cheaper prices. In addition, Melbourne
advices were at hand telling OF Aus
tralian wheat yields above expectations
On the other hand, Sub-SOil moisture IN
Canada and in parts Of the American
Northwest were said to be well below
average. with the present cold wave
threatening to freeze the ground before
the usual Winter rains take place.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
VIRGINIA BANK MEETING.
Twentieth Annual Gathering OF
Group 8 on January 10.

ALEXANDRIA, Va, December 5
(SpeciaD The twentieth annual meet
ing of group of the Virginia Bankers
Association was scheduled for January
10 last night at a meeting of officers
and advisory council of the group held
at the George Mason Hotel. The con-
vention will be held in this city with
representatives of % banks from Alex
andria to Manassas and Winchester to
Staunton attending.
j. IT. L. Jones Of Berryville, chair
man of the group, presided at the
meeting last night, which was attended
by B. W. Anderson of Marshall, Sec
rotary; G. IT. Merchant of Rosslynr,
chairman {of the advisory council;
Harry P. Davis of Manassas. Harold G.
Brown of Cu1peper. ]. E. Wisecarver of
Berryville, c: S. Taylor Burke, ]. J.
Kiger, Carroll Pierce, George F. Down.
ham and Cecil G. Brown of this city.
The local committee on arrangements
is composed of Robert G. Whitton,
chairman; Richard M. Green, Arthur
K Warfleld, Luther H. Dudley and
Arthur Herbert.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
CURB PRICES DROP
! IN HEAVY SELLING
High Renewal Rate for Money
Brings About Much
Liquidation.
BY WILLIAM F. HEFFERNAN.

Special Dispatch to The Star.
NEW YORK, December 5.--After a
brief period of hesitation the Curb Mar
ket today failed to stand up under the
test of a per cent call loan renewal
rate. This was the highest renewal
charge in more than eight years and
the prospect that rates would continue
higher from now until the year end
brought out good deal of real liquida-
ton.
Trading. however, was not as excit-
ing as that which characterized recent
sessions, and the volume of business fell
off on the decline. For the first time
in more than a week there were inter-
walls when the tape was idle, but this
was only for brief periods.
The action of the oil stocks was dis
appointing to those who had acquired
this class Of stocks on the theory that
because of their backWardneSS during
the greater" part of the prolonged cam
paign for higher prices they would re-
Sist pressure against the main body OF
stocks. Humble Oil. Prairie Oil and
Gas. Prairie Pipe. Standard of Ken
lucky and Ohio Oil were off from frac-
lions to more than 2 points. Among
the independents. Cities Service COM
mon ran up to above 80 for gain OF
more than 3 points.
Features on the side or advance we're
less numerous and included new highs
for Bohn Aluminium, although it subse-
cuently lost more than the early i'm
provement. Federal Screw, up almost
a point, and Boeing Air and Transport,
up more than points.
Public utilities we're featured by a
drop of more than 3 points in Electric
Bond and Share Securities.
Newmont was sympathetically in
nuenced by weakness in the mining
shares generally. At 206 the price
compared with yesterdays final of
21134. High-priced specialties were
featured by rise of "a points in Deere
common, which went to 544l2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
Buys. Television Patents.

NEW YORK, December S CR.-
Acoustic Products Co. Of New York,
which controls the Sonora Photograph
Co., Inc, manufacturer of radios and
monographs, announced today acqui-
sition of rights under all patents owned
by the. newly formed jenkins teleVision
receiving set for home use.
Harris Hammond, Victor G. Bell and
A. j. Drexel Biddle, jr, Acoustics Prod
ucts director, have been elected to the
Jenkins Television Corporations board,
with Mr.. Biddle as the new chairman.
DcForest Radio interests are also iden-
tilted with the company.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
HIGHER DIVIDENDS DEMANDED
BY RAILROAD STOCKHOLDERS

under the present law until It is
changed, yet provisions of the act of
1920 have not been found fully ade-
quate to meet the needs of other meth
DDS of consolidation"
u. S. Agency Handicapped.
The Interstate Commerce Commits
sion has practically thrown up its
hands and confessed its inability to
produce the results that were expected
of it when the transportation act was
passed. 1t is doubtful if the present
session of Congress, burdened by legiS-
lation that requires immediate atten-
ton, will be able to get to the Parker
bill or to any other measure that would
simplify the method of creating rail-
road mergers either voluntarily or I'M
derlegal pressure.
Meanwhile, there is an insiStent de-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
COTTON IS STEADY
AT OPENING SALES
Market Responds to Firm Cables.
Liquidation Results in
h.. Sag.


by Tic hSSUCIdtcu EIc6S
NEW YORK, December 5.-The cot
ton market opened steady at an adj
vance of to 10 points in response to
relatively steady cables, but soon eased
under renewed liquidation coupled with
scattered Southern and local selling.
January eased off from 20.35 to 20.24,
and the market by the end of the first
half hour was 2 or ; points below yes
terday's closing quotation. There was
talk of an improved technical position
following recent liquidation and some
scale-down buying was reported, but
the market was comparatively quiet
during the early trading. Private
cables said there had been trade calling
with local, London and continental buy
ing in the Liverpool and said there was
an optimistic feeling in Manchester with
more cotton looms and spindles run
ming then for a considerable time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05

EJIE IIH
NEW YORK, December 5.-The sec
tion of President Coolidges annual mes
sage to Congress yesterday dealing with
railroad consolidation, while specifically
advocating the early enactment of a
measure that would bring certain groups
of carriers together in the interest Of
efficiency and lower cost Oh service to
the public, simply repeated what has
been said on previous occasions AMI
added little to help clear up a confused
situation.
Wall Street read the paragraph on
railroads without much enthusiasm,
realizing that great deal has been
written on the necessity for railroad
consolidation in the past seven years
but little accomplished in this direction.
President Coolidge stated that while
consultations can and should be made
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
MERGER PLAN APPROVED.

BALTIMORE, December Especially.
Stockholders of the Wayne Pump Co.
of Maryland, holding company which
owns the Wayne Pump Co. of Fort
Wayne, Ind, and the Boyle-Dayton Co.
of California, meeting here yesterday.
ratified the recommendation of the
board of directors to acquire, through
purchase, the Fry Equipment Co. of
Rochester, Pa.
Al the meeting the stockholders also
approved the issuance of the necessary
securities for the merger, Mr.. Griffin
said
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
CHICAGO DAIRY MARKET.

CHICAGO. December 5 P).-
Poultry-Alive, steady; receipts; 4 cars;
fowls, 18a26la; Springs, 25laa2612;
ROSTERS, 20; turkeys, 25a3o: ducks, IT
aga; geese, %.
Butter higher; receipts, 2,981 tubs;
creamery extras, SIG; standards, 40;
extra firsts, 48i@a50; flrsts, 46a4712;
Eggs unchanged; receipts, 1,446 cases.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05

To date there is insufficient evidence
In the rate policies of the various State
commissions and in that of the Inter
state Commerce Commission to sustain
it. Consequently, a departure from it
and a more liberal attitude by the rail-
roads to their shareholders in the flu
ture, when business warrants higher
dividends, is anticipated.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
POTATO MARKET DULL.

CHICAGO, December 5 Omitted
states Department Of Agricultural
potatoes-Receipts, 81 cars; on track,
AT cars; total United States shipments,
sos cars; trading very, slow; market market
o5aI 05: Minnesota and North Dakota
sacked round whites, 80a95; sacked
ped River Ohios, 95al.05; Idaho
Eacket russets, 1.40a1.65; fancy shade
hiGheTx - 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
FOREIGN EXCHANGE.
Quotations furnished by W. B. Hibbs & Coz
Nominal gold Selling checks
MUNICIPAL BONDS SOLD.

BALTIMORE, December Especially :.
The City of Salisbury (Md) has sold
a new issue of $4,000 water and sewer
bonds to the Salisbury, National Bank.
The high bid was 1888. AS the se-
curities bear Az per cent interest, the
purchase was on an approximately 420
basis
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05

mand on the part of bodies of railroad
stockholders for larger portion of the
profits now being made by the carriers.
The appetite for higher dividends has
been whetted by the recent increase in
the dividends on New York, New Haven
& Hartford stock and the extra rate
declared on Chicago & Northwestern
common. The directors of both the
Northern Pacific and the Great North
ern, both earning this year nearly twice
the amount per share paid to stock
holders, will have to consider the de-
mands of holders of their stock when
they meet this month. There is some
expectation also that the Rock Island,
Southern Pacific and Baltimore e. Ohio
arrangements will discuss the question
of paying higher rate on their stocks
next year.
More Liberal Dividends.
There has been tendency for long
time to hold down railroad dividends
because of fear that dividend increases
might react unfavorably on the applica-
tions fer higher freight rates. This
theory has been fairly we'll tested out.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
Firm Plans EXPANSION.

NEW YORK, December S 0P.-
Toledo, Ohio, Edison Co. has AN
nounced plans for expenditure of 3d.
900, 900 for expansion
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
NEW YORK BANK CLEARINGs

NEW YORK, December (SpeciaD -
New York bank clearings, 81 BOG, 900;
New York bank balances, $l61 10000;
New York Federal Reserve balances
Sl56. 100000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05

Stockholders of the Wayne Pump Co.
of Fort Wayne, Ind, have approved the
purchase Of the Fry Equipment Co, Of
Rochester, Pas y s..s .s4~s~14sss. y, ~ n.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Once
INnuSTRIAIS.

Following is a list of stocks and
bonds traded in on the New York Curb
Market today: ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-12-05
FOREIGN BONDS.

IN thousands.
3 Baden 7s............ 96iz 96ia 96la
"a Bank Prussia IS. 953s 95A 95A
% Berlin 6s:-. - :. KS 92l2 1914 e2fa
-. Bolivia Is. era 97Ia, 97R
~ BuenoS Aires l2ssT, 10224 io2a4 1Q23z
j : 8sCent Blk Ger Sta IS A IS ], 36 SO y
Elec Pow Ger 6}2s.... s3Nss g33s gSsSg
8 E El9laaa Fe s, Mts S.. g. ~ 3
4 4 free st Prus 6s..... 90A 1904 90A
5 Ger Cons Nun Is. go. l97H961 81
Il 12 Ger Prov&Com CASA 89M SO SO
- % 1ndt M Blk Find rs. I0l f01 101
5tal su gta Nor q BIZ Is g" 81 81
Ma mSaea I MS IS iS5 49, lS7 i 49,
4 Mansf MAS. Is Al WV 96A 96 80
So Mnas Gsraes 6las.. 95 94ia 94ia
8 Nor Blk Bogota IS. 9234 9234 1924
Nor B Bk c e9Re'e Is y 81. IS % ga
NUM- NUM- s Medeiith s sfS. sss ST. ss s
! Hethsrlanaed 6s B.. loos% 1879 1875 1879
sR Rio Gaan as Is Ell: 81 81 g" 81 s7''
'S s;S,ss Gov : els ,5 55 ,5 5S' ,5 5ss
= S stifs1s Il Hug Is ss wa 90 90 SO
! Swiss Govt 512s. 1904 1904 100A
"a Uni Elec' Sery rs A.. ,12o 1894 100
Uni IN IND ,, 6Aass;,l...t.. SS g., g., g.,
W Wnl sts M X o4s A.. S. Sc" Sc Sc"
xdrEx dividend. :. .. 49,.
Payable IN stock.
Parity stock ~.
TT -Ebs6egg II pa aISIdep,d rate. e
! wi---When issued. - ~s.
ww-With warrants.
Evening star., 1928-04-01

With the passage Of the Army apprc-
priation bill the funds available tor
Reserve activities for the 1879 fiscal year
total SIS, ,583, which 1t $8l ,6b6 IN
excess Of the 1929 estimates OF the
Bureau of the Budget and 81, ,294.942 In
excess Of the appropriate tor the cur
rent years Reserve activities. Washing
ten reserve officers are jubilant over
this substantial increase In available
funds for training the citiZenrv of t'e
country, 1t being estimated That the
appropriations made wiz provide for
the training Of 1g,42B Reserve officers
GEMS military training camp ,nStruc-
tors for 45-tiay periods, l44 cfiicers for
yerying periods at the various service
schools and 10 officers Is additional
members of the War Department. gen
eral staff. In addition, the 1929 funds
viii provide for the training OF Ito Air
Corps reserve officers for a period OF
wear with Air Corps tactical units,
which makes the total number to I'M
elergo active training duty on q pay
status, 1t is estimated. of 20,o26.
In detail. the appropriation tor the
reserve component of The Army OF the
United States Is as follows. S2,38S 66I
for nav and allowances OF Reserve ON
CF1S 10 DG tEdIItCu iVt tCttbNS y a iA~e W
exceed IS DAYS: S673,553 for pay and
allowances of officers TO be traine FOR
periods of more than Is days: $463,6l4
for mileage; 500 for the Enlisted Re-
serve Corps: $23.000 for crresDondence
course: S2O.000 for manuals: $l,539, $50
for Headquarters and camps, and re-
appropriation from 1926 and 1927 funds
Of $50. 600. making the total for head
quarters and camps OF $l,SS9.b5o. The
1879 appropriation for Reserve trainin- .
is the largest that has ever been made
and indicates that the Congress is lec-
ognizing the value Of the Officers Re-
serve Corps.
Field Artillery Reserve officers resid-
ing in the District OF Columbia Will
Il at headquarters battery. 18th t'e'.
Artillery stables, Fort Myer, Va. today
at 0 O'Clock for instruction in equita-
ton. under direction OF Maj. w. r..
Woodward Members of the 428th m
fantry. Lieut.. Col West Hamilton COM
manding. will hold their instructional
conference at local Reserve headq az
ters tomorrow evening. the subject OF
which will be the organization and the
method of functioning of the Infantry
battalion headquarters. The 32Oth M
fantry Col Winfield Scott commanding,
viii meet at Reserve headquarters ueS-
day evening for their instructional con-
ference. the subject of which will be
the organization and method of func-
tioning of the Infantry battalion head
quarters This conference will be con-
Quoted by Mais r, P. Lemly and Albert
S. j. Tucker The 306th Cavalry will
meet at headquarters Wednesday eve
ming under the direction of Mai r. l.,
GaffUiar aud uni1l rontinafA IN flTfa0ra IN
announced for the 1929 school year
v 1gton Reserve headquarters an
Il last week tn. following changes
in the assignments of local Reserve
ofRcers. Second Lieuts Alfred G. Rob-
ertSon. Field Artillery: Herbert r.
woodward. Engineer Reserve; John L..
Johannes, Military Intelligence Reserve.
and Robert NJ Purklin and Roscoe E.
Evening star., 1928-04-01

Mai. William Sloane Harrison, now
on duty at the East Coast Expeditionafy
Base, Quantico. Va. win shortly be or
dered TO assume charge OF the recruiting
district of Pittsburgh as the relief OF
Capt. Harold u. Shannon, who, it II
understood, having completed two years
shore duty. may be assigned to duty
aboard one of the battleships OF the
feet or to duty with troops beyond the
seas.
Notwithstanding that recruiting has
been resumed throughout the country
for the corps, the enlisted strength on
at headquarters, was 1880, which Is
below the appropriation strength OF
10000.
Mai II. l.. Larsen was on March 27
appointed an assistant adiutant and tn
spector. He recently left with the lat
est expeditionary force for Nicaragua,
but II Is understood that his new as
signment to staff duty will embrace ac-
tivities In the Nicaraguan area.
Mai. Joseph G. Fegan, In charge OF
recruiting activities of the corps, made
hasty trip to Hampton Roads and
Cuantico, Va. during the past week In
the furtherance of corps athletics.
First Lieut.. Charles Connette, who re-
EGIlJly IHtAIfiGu IIOEl ENlCdIdkud dEih
who has been a patient in the Naval
Hospital. this city. viii upon discharge
from treatment thereat be assigned to
duty In the recruiting district Of Gin
cinnati, Ohio.
Orders have been issued by Maj Gen.
John A. Leieune assigning the Marine
detachment of the U. s. s. Antares TO
duty with the I'd Bridage OF Marines
now serving In Nicaragua. Capt. II. M
II. Fleming commands the detachment
The assignment Is understood to be on
temporary status.
Reports from Dallas. Tex, where the
next annual convention Of the Marine
Corps League will be held, state that
delegations from all over the country
are scheduled to arrive there during the
first week of next November. It Is un-
derstood that the National Capital De-
tachment of this city plans to act In
conjunction with nearby detachments
and proceed to Dallas In chartered
car.