davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
H|GH-GRADE BOND
! LIST GOESLOWER
Demand for Securities Still
Restrained by the Money
Outlook.
By CHARLES r. sPEARE.

Special Dispatch to The star.
NEW YORK. June 26.--Demand for
bonds was still restrained today by the
money outlook. Those who have been
watching the market for fixed interest
bearing on theory that any revival here
would foreshadow relaxation in money
found little encouragement in today's
transactions.
High-grade issues were inactive and
heavy and United States Government
issues, including the Treasury 33ss and
the first Liberty 4Ias were a shade
lower The same was true OF railroad
bonds Of the type Of Atlantic Coast Line
first Is and Southern Pacific refund
ing Is.
More interest was taken in the specu
lative descriptions and here the move
ment was highly irregular United
States Rubber rs first lost and the first
SIS failed to rally. There was heavy
selling of Dodge Brothers 6S. The
market was unfaForably impressed by
the attempt of the preferred stock
holders to hold up the merger with
Chrysler. When the combination was
first proposed the bonds had rapid
Aa1 UP, AAlalky touching Wy Aney Soi0
today at 90Ia in contrast with the
preceding close of 9ls4. The extreme
low for the year was $685. in late May.
Against these were ST. Paul junior
bonds, the copper issues and various
convertibles. st. Paul adjustments
were taken in large blocks. advancing
more than a point, rejecting the high
" favorable May earnings statement.
In the copper group the Anaconda rs
and the Andes rs were up a point or
so. Among the convertibles the feature
was Public Service of New Jersey Is
firsts. which advanced with the stock,
for which the bonds are exchangeable.
Sugar issues were inactive, but general
" lower. Seaboard adjustments sold
OF again.
In the foreign list French railway
liens were dealt in in comparatively
large amounts. generally slightly lower.
There were few important changes in
this part of the market, however
After call money went to Z per cent.
the market weakened Heavy offerings
OF Liberty fourth 4L4s carried the price
down to new low for the year. One
block Of a par value of 81 300, 900
changed hands on the way down.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
DECISION RESERVED.

NEW YORK. June 26 OP).--Supreme
Court Justice Mullan reserved decision
today on the application of a minority
stockholder of Dodge Brothers, Inc, for
an injunction to prevent the proposed
$3.50 600 900 merger of that company
with the Chrysler Corporation.
Justice Mullan said the suit probably
should have been brought In Maryland
where the Dodge company Is incor-
porated 49,
THE question Is whether he will take
over quarrel which may properly lie
in Maryland" he said.
Attorneys for both sides were In
structed to file briefs on this point by
tomorrow afternoon.
Col. Calvin H. Goddard Of Richmond,
Va, who asked the injunction. COM
planned that under the merger plan the
minority stockholders would lose more
than one-third Of the liquidation value
Of $105 a share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
Washington Stock Exchange

Capital Traction 5s-$I,0 at 1924,
$4,000 at 1929.
Washington Gas 5s-$I 900 at los.
Capital Traction Colo at lot, 4 at
1854, at 1861.
Potomac Electric 5l2F6 pfd.-5 at lot,
? at lot. Is at lot, 10 at lot.
Washington Gas Lights at s5%.
Mergenthaler Linotype-10 at l00ss,
at l0ek, 10 at 1905.
National Mtge. g. Inv. pfd.--S0 at 5s4.
AFTER CALL.
Potomac to ne e Electric 5k% pfd--iO at io7'
Lanston Monotype-le at lis, 10 at
lis.
Merchants Transfer g. Storage pfd-
10 at lo7i4, 10 at 107k.
Columbia Sand a. Gravel pfd.-l0 at
97A.
Merchants Transfer g. Storage pfd.-
20 at lot, 10 ct lot.
WASHINGTON Gas IS B-S2O0 &c los,
$1,000 at 1867.
Mergenthaler Linotype-l0 at 1003s.
washington Rwy. d Elec. gen. 6s-
81 coo at 1924.
washington Gas IS B-$i00 at los.
Second National Banks at 270.
Mcney-Cali loans. 5 and per cent
Rid and AskAd Prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
INGOT OUTPUT DROPS.

NEW YORK. June rs H9.~-Steel
ingot OUTPUT has dropped to 80 per cent
of capacity IN the West. No change
IN schedules IL anticipated this week.
but further eurtailment Is looked for
81 July Steel rail mills are At about
SO per cent Sheet mills OF Inland
Steel viii be- down all next week due 10
)naependcnce day, Other operations
sill not be affected much . by the
holiday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
OUTGOING STEAMERS.
RAII.rNgs TO-DAY


SAILING TODAY
Presidente wilson Lisbon, Palermo. Naples.
Patras. Spalato and Trieste.
xorck-galway and Bremerhaven. ,,
Cr,stcbal-.Port aa PRINCE and Cristcbsl
Poionia Copenhagen. Dan1is and Lioau.
SAILING TOMORROW.
serengaria = cnerbeurs and southampton
Ssc casKiso osec r,sto s car.asena.
Ns,sysi- Slsnass; trinidad and Demerara.
Lara--Maracaibo
kosers ISeksnSacS Zone and raeinc
Coast,
SAILING THURSDAY. JUNE s.
American Merchant-Iendon,
Chicsso-Siso ana Bordeaux, ..,,.,,
San LorenEo--san Juan and Sante Domingo
Monterey Ha yana. progreso and Vera crun.
sArIINo FRIDAY. JUNE -
lie 8: snS s sSS a SRs cruise
Arahie--rlsmoath. oherhoure and Antwerp
SAILING SATURDAY. JUNE 30
cameronia Moyille ana GLASGOW
Maurstanla ~ohsrboars and southampton,
Albert nsiiin-~chersours. Southampton ana
sslianssmNeg,h Cape cruise,
observation-disclosures houlosne ana Ret
Conte aranae - Gibraltar Naples and Genoa,
Sierra Cordoba cherbousss southampton
COLOMBO diSrsitsE Alsisrs. Palermo, Naples
and Genoa
Porto Rieo~-San Juan.
Oscar -chFlstiansand. Oslo and copen-
A%sties- Plymouth, cherscurs and Bremen,
haven
tiipanis--c hsreours. copenhagen and DAN
hiG,
Stock holm-~ uothenburg
Cedrie~~fobh and Liverpool
Ortzaha-.lsAvanA
Western WoFld~-Rio de Janelrc. Santos
Montevlaeo and AueneS Aires,
Mongolla-.F aclhc Coast via Havana and
IenpiFa Puerto CorteH,
Silvia--St Johns and Newfoundland
Observation-Disclosures.
Toloa~-klAFAnAs Cflxtphal aud Pert Llsnon,
Ia fiaSa-~puert0 hafEteS,
SAILING MONDAY, JULY 4
Providence AsoreS, AlgieTa Naples Palermo
and AAlnniea
sArtlNa TUESDAY,, JULY 3
QrinSholm Slelhsphurg
fgssidsn. Aesdihe oeee. rlymeuth. cAsgss
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
NEW YORK CURB fMARKET
Received by Private Wire Direct to The Star once

Following is list of stocks and
bonds traced in on the New York Curb
Market today:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
SILVER QUOTATIONS.

NEW YORK, June 26 R.-Bar sill
yer, 601s. Mexican dollars, 46B.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
Markets at a Glance

NEW YORK, June IS R.-Stocks.
strong: leading stocks advance briskly
despite stiff call money. Bonds irregu-
lar; industrials sag. Foreign exchanges
mixed; francs firm: sterling easier.
Cotton higher: unfavorable weather
sugar steadier: improved spot market.
Coffee advanced; steady Brazilian re-
ports.
CHICAGO Wheat Arm; bullish
Kansas reports. Corn higher; low tenn
peratures, Central West. Cattle strong
to higher Hogs lower.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
PRICES ON PARIS BoURsE.

PARIS, June 20 LP.-Prices improved
on the Bourse today. Three per cent
rentes, II francs rs confines; per
cent loan, 90 francs 40 centimes; exc
change on London, l24 francs GEN.
times. The dollar was quoted at Is
francs 43A centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
PRODUCE EXCHANGE.

: NEW YORK, June 90 GAehN~Fiour
easier: spring Patents, 7.2saT.6S: Hard
Winter StrAights. 7,00aT,S0. rye easy:
No. 2 Western. i.a7aa fob, New York
and i,2SAa cif export. Lard, tlrmer,
Middle West. i2,S0al2.So. Other ar
'ticles unchanged
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
GENERAL. I

GENERAL. ELECTRIC, -. General
Electric CO, ON July again win reduce
prices OF Mazda lamps an average NJ
II per cent the eleventh reduction
since iea0.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26

CHICAGO, June 10 (A1.--Rutter---
Unchanged; receipts, lp,yaa tubs, Eggs
Lower; receipts. aa,ias cases. firsts.
aaa2a4; ordinary tirsts. aTa27is. stor-
age packed firsts, so.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-26
Wall Street Briefs

TEXAS 81 PACIFIC.-An increase In
surplus of the Texas 81 Pacific for May,
after charges, to $S55. $50 from $l33, JIG
In May. 1927, brought surplus for five
months this year to $3,158.625, In con-
trast to $i,053.636 In the same period
last year. Gross revenues for May
jumped to s4.463.432 from S3.o8e.649
year ago.
c., NJ, ST. p. & P.-The Chicago.
Milwaukee, st. Paul g. Pacific also
had a prosperous May, net operating
income rising to $l,850,l62 from $685.
249 In May last year, carrying the total
for Ave months of 1928 to si0.25e. SS7
from $3.245.579 In the corresponding
1927 period May erc13 Gained more
than $i.ioo,ooo.
YOUNGSTOWN ACTIVITY. ~ Steel
min operations In the Youngstown area
average 10 to rs per cent of capacity.
Thirty-fivc of So independent open
hearth furnaces are making steel.
Bessenler schedules are at the same
rate. Sheet and tin plate output Is i'm
proving. Tin plate output Is at capac-
ity, while los Of lat independent sheet
and jobbing mills are under power. a
gain OF five. Steel pipe output Is at
the lowest rate Of the year
NORTHERN PACIFIC. MAY net
operating income Of the Northern Pa
CHIC was S825.866. against $852,l60 a
year ago. but for Ave months OF 1929
was $685. 41, against $4.Ig2,250 In the
same period Of 1927.
NICKEL PLATE.-The New York,
Chicago g. st. Louis nickel platel,
reports net operating income OF $798,-
l62 for May, against $934,844 in May
last year, and for five months this year
SS,s2o.366, against $S,Ss5.2sS q year
ago.
GENERAL MILLS, INC.--National
City Co. Is Offering at S100 q share
nat S3.400.O00 Of 8 per cent cumula-
tive preferred stock and at SOS a share,
10000 shares Of common stock Of Gen.
eral Mills. Inc. the new 100000 900
company formed by merger of WASH
burn-Crosby Co., Red Star Milling Co.
and Rocky Mountain Elevator Co The
shares have been bought from indi-
viduals and do not represent new
financing for General Mills.
WESSON OIL AND SNowDRIFT.--
Wesson Oil and Snowdrift reports net
profit of $i,955. 538. after depreciation
and taxes. for nine months ended May
81. Balance after preferred dividends
was equal to 1897 a share on the COM
mon. In the fiscal year ended August
81. 1927, the company reported net in
come of $2,673,354, or $500 share on
the common.
HOUSTON OIL.--Houston Oil has
bought from Rio Grande Oil Co. 80
acres in Howard County, west Texas.
Rio 0rande also Is said to be nego-
tiating for the sale of its west Texas
properties, aggregating $4,000 acres. TO
Cosden interests and Continental Oil
Co.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1928-08-16
TELEPHONE NUMBER NINE
SANE AND FORCEFUL

In language Of which there could
be no mistake as to its meaning, in a
manner that was direct and forceful,
in a plane that was both simple and
statesmanly, Herbert Hoover, repub-
lican candidate for president of the
United States. delivered his accept
ance address at Palo Alto, Calf, last
Saturday afternoon.
Seventy-five thousand people We're
personally present in the vast stadium
of Stanford university and untold
thousands listening over their radios
when Chairman Moses of the notifiea-
ton committee formally conveyed TO
him the fact that he was selected for
that high office by the recent national
convention held at Kansas City. In
accepting the honor and the respon-
sibilty of leadership to bear the STAN
dard Of republicanism to victory, Mr..
Hoover stated that he was in full &C
cord with the republican platform as
adopted by the convention; that he
stood for religious tolerance the strict
enforcement of the Eighteenth amend
ment and the Yolstead act, construe-
tice farm relief, endorsement of the
principle of collective bargaining,
flood control, public accounting of
campaign expenditures and further
economy in government.
His address was the pronouncement
of a statesman. 1t was even more than
that; it was the expression in words
of the acts, accomplishments and
achievements of one whose whole life
has been devoted to the service of his
fellowmen and whose official acts
have ever been for the public inter-
est. His record as president is sure
to meet the approval Of the American
people in the same measure that have
characterized his work as secretary of
commerce, as food administrator and
as directing head Of SO many business
and humanitarian movements both at
home and abroad.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1928-08-16
COMMISSIONERS
FIX TAX LEVIES
FOR YEAR 1928

The county commissioners of Car
bon county met Monday for the pur-
pose of fixing the various tax levies
for the year 1928. The members pres
ent were Chairman John T. Kelley,
L. E. Gard and County Clerk c.. E.
Thompson. Following is the leyies as
fixed at the meeting:
State levies-Livestock commission
fund, l mill; livestock bounty fund,
L; livestock sanitary board fund, L.
Total livestock levy, mills.
State general fund, 3.5 mills; educa-
ton bond interest and sinking fund,
.S3. Total, 4.33 mills.
County levies-General fund. T
mills; poor fund, 2; old age pension
fund, 5; sinking fund, 3.5; bridge
fund, 2; road fund.- 5; high school gen
eral fund, 5; high school special fund,
|; interest on bonds fund, 3.5; gen
eral school fund, 6. Total, 355 mills.
County unit levy-Sinking fund, 2.5
mills; interest on bonds, 1.5 Total
eOQilty ulliO ltNY, < Hills.
City of Red Lodge-Street and al
legs, mills; general fund, 5; fire
fund, 4; library fund, 2; garbage re-
moval, 2; lighting, /; interest and
sinking fund, 5. Total city Of Red
Lodge levy, "a mills.
Town Of Joliet-General fund, 10
mills; light fund, 5; interest and sink
ing fund, 5. Total, 20 mills.
Town Of Fromberg- General fund,
10 mills; interest and sinking fund,
10. Total, 20 mills.
Town Of Bearcreek-G General fund,
10 mills; street and alley, 10. Total,
20 mills.
Town of Bridger-General fund, 10
mills; street and alley, 10. Total, 20
mills.
School district No. General fund,
II mills; interest on bonds, s; sinking
fund, q Total, "a mills.
School district No. General
fund, IS mills; interest and sinking
fund, 3. Total, 81 mills.
School district No. g., 0 mills.
School district No. 5, mills.
School district No. 6, 10 mills.
School district No. 7, 30 mills.
School district No 5, 10 mills.
School district No. 8, II mills.
School district No. 10, 10 mills.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1928-08-16
HO0YER'S ACCEPTANCE
SPEECH

In an address that was not dis
course on the republican platform but
rather an exposition Of the spirit and
IDEAS with which it is proposed to
carry it into administration, Herbert
Hoover formally accepted the repub-
liean nomination at the Hollywood
Bowl Saturday. By many he is termed
Hoover, the Humanitarian. His speech
of acceptance emphasized that phase
of his character. Commenting on the
party platform dealing mainly with
economic problems, he said "every
man has right to ask Of us whether
the United States is better place for
him, his wife and children to live in,
because the republican party has con-
Quoted the government for nearly
eight years. Every woman has right
to ask whether her life, her home, her
mans job, her hopes, her happiness,
will be better assured by the con-
tinuance Of the republican party in
power" In that light ne discussed
the question before him.
The people of Montana are probably
interested more in Mr.. Hoover's atti-
tude on farm relief than in any other
question. Unlike Governor Smith, who
proposes to study the question after
the election, Mr.. Hoover presents a
definite plan, promised on a sound I'M
derstanding of the problems of agri-
culture.
That he appreciates the seriousness
of the situation is shown in these
words, the most urgent economic
problem in our nation today is in ag-
riculture. It must be solved if we are
to bring prosperity and contentment
to one-third Of our people directly and
to all Of our. people indirectly. We
/ have pledged ourselves to find a
solution"
The nominee offers a three way
plan solution:
I. An adequate tariff.
2. Inauguration and completion of
waterways for transportation of prod
ucts Of farm.
8. Creation Of federal farm board.
Mr. Hoover terms an adequate tariff
the foundation Of farm relief, a tariff
that will protect the home market
from products raised under lower
standards OF living and he pledges
himself to use his office and influence
TO give the farmer the full benefit
Of our historic tariff policy"
The second phase Of the plan is the
Development Of our inland waterways,
The Mississippi system and the Great
Lakes to the Atlantic route. These
Developments would afford Sub
stantial contribution to midwest farm
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1928-08-16

hundred while in the realm Of popular stars is
thousands to
Don't be misled by the promises Of promoters Of hokum
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1928-08-16
TAXATION KNOWLEDGE
ESSENTIAL,

Taxation IS a subject of the utmost
Importance to every citizen. Unfor-
tunately, few people hav a thorough
and scientific understanding of the
way it should be handled.
For a number of years past we have
had an economy administration that
has successfully lowered national
taxes without sighting any necessary
governmental functions. Yet at the
same time local taxes have so steadily
and dangerously mounted that they
have offset the federal saving.
Good taxation is an incentive to
stable, progressive industry, home and
property owning, and real prosperity
and growth on a solid basis. Exhor-
bitant and wasteful taxation is GER
tain detriment to these. Too many
bond issues and debts can ruin a com
When we vote for a public official
We are showing cur trust in man
who is to handle our funds and de-
termine what they shall be spent for.
In the same way we invest money in
the stock of an industry
The great difference IS that when
We buy stock We investigate and are
certain of the economy and ability of
he management. Often when we vote
re fail absolutely to do this. And the
.esult IS high taxes and waste.
The federal government has shown
What can be done. Some states and
titles have made notable records in
The same conditions can
,e effected everywhere if we vote as
qe do business, with full knowledge
nd an intelligent understanding.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1928-08-16
FINLAND THE REAL WINNER

The American sport writer's have a
scoring system all their own by which
the United States is credited with
winning the Olympic championship.
But in the eyes Of the remainder of
the world the real winners are those
who placed first in the various events.
Second or third does not count, and it
is with these lesser places on which
this country builds up its impressive
score total.
b. the reckoning Of other countries
and by the actual results the United
States made a rather poor showing in
this years field and track events at
Amsterdam, winning only eight first
places as compared with II four years
ago. This Was not because the United
States failed to put as good a team as
usual in The field but because their
opponents have become SO much bet
ter. Finland, which took five firsts
and placed second, was the real win
ner Of the games.
For the little country of Finland to
run out a set of wonderful athletes
who were able to reap laurels in so
MANY events is all the more remark
able when the greater number Of ath-
letes which the United States and
some Of the other principal contenders
had to draw from, is considered.
Carl RI. Salminen, publisher of a
Duluth Finnish newspaper, explains
the athletic prowess and superiority
of his countrymen in an article
quoted in the Literary Digest by
pointing out the long historical back
ground behind the illustrious achieve
ments of such great runners as Muir
mi, Ritola, Kolehmainen and Stenroos
Finlands athletes are an incarnation
of that indomitable spirit that the
Firms have acquired in their long fight
against an inclement nature and for
their national independence.
Under the rule Of Sweden it was the
lot Of the Firms to bear the brunt of
the wars waged by that country. The
Firms were known as famous soldiers
Europe over and the heroic way in
which they defended their country
against great Russian hordes was
one of the most interesting pages in
history. When Russia dominated it
was up to the Firms to prove their
right to national existence This
served to give great impetus to all
athletic activities.
The battle of the Films against the
extreme rigors of the climate of their
native land also has developed them
into people Of athletic marvels.
Sandwiched in between Sweden and
Russia and Laplanl with winters in
the southern part six to seven months
long and in the north Of longer dura-
ton, during which time the sun itself
is darkened for weeks, the Firms have
also conquered their climate as they
have achieved economic and political
They are probably the
hardest race Of civilized people in al
the world Their supremacy in ath-
Ietics is a birthright.-Duluth Tribune.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1928-08-16

pokum schemes that there is room
for all, because this last year over
100000 young people knocked at the
door for admission and were turned
away because there was no room on
the inside for them. Consult your
banker or address the National Better
Business Bureau, New York City, for
information or advice regarding any
enterprise that seeks to gain posses
sion of your mony. They viii give
dsinterested counsel before it is too
late.
Also let every investor approached
by either Mr. Slick or Mr. Smooth
with a proposition yielding big divi-
dends remember that such assurances
always spell financial danger ahead
To every investor who is inexperi-
enced in making investments. in other
words perhaps just little green and
perhaps little too easy, any offer
coming from this source should be
like a red flag warning to come to
complete stop.
Such investments as Mr.. Slick or
Mr.. Smooth offer are too good to be
true and therefore they are not true
Slick, Smooth and Company are not
miracle workers although from their
sales talk you would infer that they
could make you rich as if by magic.
No, they are not miracle workers
Just slick and smooth.
The Estate Gag
Twenty-four estates" representing
5h billions of dollars have been used
as bait to interest lot Of savers and
finally bleed them Of their savings.
Yhe scheme is built around a sup
posed search for the heirs to certain
phantom estates. At all costs these
heirs must be found. Every person
who can by any hook or crook, figure |
1t out that he Is in anyway related to |
the deceased are urged by some shy
ster lawyer or genealogist to send in
their names and their life history.
Soon they receive glad tidings tell.
ing them that their family tree can be
traced back to the deceased, in fact,
they are a direct descendant and an
heir at law.
Like fake rafIles everybody who re
spends to the search is found to be
winner-in other words an heir"
Here is where the rainbow chaser
gets trimmed Before his claim to the
mythical thousands can be pressed SO
AS to insure success demand Is made
on him to advance attorneys fees and
pay the expense of tracing through
his genealogy. !