davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-09-16
FLYER DIES IN CRASH.

Another Badly Hurt When Craft
Falls on Golf Links.
SANTA ANA, Calf, September IS
R).-One civilian flyer was killed and
one seriously injured in an airplane
crash at the Orange County public golf
links near here today.
Guy Fanscher, 36, Pasadena, died on
the way to the hospital. Calvin Han
sted, Long Beach, was badly hurt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-09-16
From Press to Home
Within the Hour"

The Star Is delivered every evening ana
Sunday morning to Washington homes BY
The Stat's exclusive carrier service. Phone
Main 5000 to start immediate delivery.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-09-16
WEATHER.

20. 8. Weather Bureau Forecast.)
Mostly fair today and tomorrow, not
much change in temperature.
Temperatures-Highest, 80, at pm.
yesterday lowest, 63, at 4 am. yes
terday. Full report on page 4.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-09-16

Society.
v w. C. A. Activities-Page 9.
Parent Teacher Activitles-Page III.
News Of the ClubS-Page II.
Clubwomen of the Nation-Page IL.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-09-16

Continued on Page 2, Column A.
Evening star., 1928-10-17
sHIPBUILDING DROPS.

The volume of world construction of
merchant vessels is now at a lower point
than in any period since the ending OF
1925, says report just issued by Lloyd's
Register, covering returns from all
countries for the quarter ended Sep
tember 80 last And the present total,
it is added, is nearly 100000 gross tons
less than at the beginning Of this year.
Again the shrinkage in shipbuilding
is chiefly due to the situation in Great
Britain and Ireland, where about no.
900 gross tons less are being built now
than three months ago. During the
same period, the decline for all other
countries combined was only about 25,-
900 tons. AS 4 result. Great Britain and
Ireland, which. comparatively recently,
were constructing more shipping than
all other maritime nations together, now
have only about 43 per cent of the total.
While the United States made a gain
during. the past quarter of 5000 tons,
says Lloyd's, its proportion Of the world
total is only 2.7 per cent. This, how
ever. compares with only 2 per cent IN
the quarter ended June 30 last. During
the quarter ended September 30 in
creases in the volume of production
we're also shown by Germany, Holland,
France and Sweden, while decreases
we're recorded for Great Britain and Ire
land, Italy, Russia, Japan and Denmark,
Evening star., 1928-10-17
ADVANCES ON CURB
CONTINUED TODAY
Zenith Radio, Charts Corpo-
ration Are LeaderS-Min-
ing Issues Prominent.
BY WILLIAM F. HEFFERNAN.

Special Dispatch to The Star.
NEW YORK. October 17.-Tn today's
session on the Curb Exchange the up
ward movement still predominated.
with advances sharp in numerous in
stances.
Among high-priced issues Zenith
Radio was the feature, soaring to new
peak at 230, gain of Is points It's ad-
vance was due primarily to the favor
able earnings situation of the company
and the comparatively small flowing
supply Of stock available for speculative
purposes. Safeway Stores also reached
its best, at TO, up 8 points.
Chairs Corporation. which made a
new high above 80, was responding to
the declaration of an extra dividend of
25 cents share in addition to the reg
ular quarterly so cents Net for the
first nine months of 1928 was equal to
S374 a share.
Declaration of an initial quarterly
dividend of rs cents a share on United
States Asbestos common brought buy
ing into that stock. Net sales for nine
months of 1923 were $2,699, ,223, against
S2,l75,451 in the same period in 1927.
Mining issues played prominent
part in the operations for the rise
Anglo Chilean Nitrate was responding
to the publication of the report of first
half year operations. While this dis
closed another net loss. the amount was
only $902,278 after bond interest, de
probation, depletion and other charges,
as compared with a net loss of ST.
368363 in the same period last year
United Verde extension. Bahia Mining.
Bunker Hill and Sullivan. Newmont
and Carnegie metals also shared more
or less in the improvement
Speculative interest in the oil group
was more noticeable The bullish ele-
ment in this quarter stressed the point
that the high-grade issues were en-
titled to sell at level considerably
above that now prevailing because of
their strong technical market position
and the fact that improvement in the
industry must naturally have its re-
fiection in latter half year earnings
Prairie Pipe Line, Standard of Ken
tucky, Standard of Indiana, Gulf Oil
and Barnsdall warrants were the favor
ties, with the last named at new high
Evening star., 1928-10-17
WHEAT PRICES DROP
IN EARLY DEALINGS
Market Trend Is Downward Fol-
lowing Reports of Cheap
Canadian Crop.
s. the Associated Press.

tife hSSOCtdbSu tIeSS.
CHICAGO, October 17.-With traders
giving special attention to relative
cheapness of low-grade Canadian wheat,
prices of wheat here tended downward
early today.
rivals of domestic wheat Northwest
counted also as bearish factor. Open
ing unchanged to Il off, wheat values
Corn and oats displayed strength, with
and subsequently scoring general
advance Provisions were easy
Assertions that low cost and COM
paratively good bread making qualities
of otherwise inferior grades of Canadian
wheat is bringing about a good demand
for this kind of wheat abroad, and
thereby diminishing export possibilities
of United States wheat, had notice
able bearish effect at times today on
wheat values in Chicago. Trade au-
thoritieS here pointed out that such
situation is conducive to serious back
ing up of supplies in United States
markets and to difficulty of maintain
ing domestic price uptllrnS.
Clearing weather and lower temper
atures Northwest were reported today
as likely to result in further large re-
ceipts of wheat at domestic terminals
In this connection talk was current
that elevator space Northwest is near
ing state where some relief must
come in the way of forward sales to
avoid congestion. Meanwhile. Winni-
reg advices said recent export busi-
ness appears to have been larger than
vas supposed.
Evening star., 1928-10-17
REDUCTION IN BANKS
EARNING ASSETS Is SEEN

Special Dispatch to The Star.
NEW YORK, October 17-While the
high rates for call money throughout
the second half of 1928 will produce un-
usual profits for the banks and trust
companies that have been taking ad-
vantage of the situation, there is an
Offset in the decline in the earning
assets of these institutions.
This is revealed week by week in the
statements of the members of the Fed
eral Reserve system. Deposits have
been decreasing steadily since May and
also investments. In the one case the
reduction Is due to the drawing out of
deposits by corporations and individuals
who are not satisfied with the low rate
offered for money on deposit and have
been putting their funds in the call
market. In the other instance the re-
duction in investments has been brought
about, first, by pressure from the Fed
eral Reserve to reduce borrowings, and
second, by the transfer of the proceeds
Of investments into higher earnings
assets in the shape of call and time
money.
Since last May the change in the
position of the banks with respect to
deposits and investments has been most
marked. At the earlier date total loans
and investments by the reporting banks
we're S22. 2.59l ,000, 900 On October 10
they were 500 $50 900, 900 In the six
months period holdings of United States
Government issues dropped $37,00o.000
but were still $3.50 100000 greater than
year ago. However, all other invest
ments had decreased 1854, 100000 and
we're S12l 100000 less than at this time
in 1927.
The change in the deposit item shows
the most pronounced movement Of all.
In six months demand deposits have
declined S678 900 900 but time deposits
meanwhile have increased S65, 900, coo.
Government deposits are $272, 100000
under last October One phase of the
current money stringency has been the
drawing down by nearly al banks of
their vault cash, either for the purpose
of reducing their obligations to the
central banks, or to squeeze out as much
in the way of funds as is safe in order
10 employ them at the high call money
rates.
1t is the feeling in some banking
quarters that the earning assets of mem
ber institutions will be further decreased
before money conditions return to nor
NAL and that. in order to adjust their
position at the Federal Reserve. it will
be necessary to liquidate additional
amounts Of securities.
Evening star., 1928-10-17
REVENUE FREIGHT LoADINGs
BY the Associated Press

By The AssOciated Press.
Loading of revenue freight was over
the million mark, 1,186,598 cars, for the
week ending October 6.
However, this, the American Railway
Association announced, was decrease
Of 10,170 cars under the preceding
week, but an increase of 83,604 cars
over the corresponding week in 1927.
Miscellaneous freight loading for the
week ending October totaled 473,-
624, an increase of 1888 cars above
the corresponding week last year; coal
loading, 207,645. increase, 16,437; grain
and grain products, 1882, increase,
1870; live stock loading, 1882, de-
crease, 157 loading of merchandise in
less than carload lots, 271 1913, decrease,
903; forest products, 1855, increase,
621; ore, 81 ,407, increase, 1925, and
coke, 10,950, increase, 1,488
Evening star., 1928-10-17
BANKERS. TO COMBAT
SECURITY SWlNDLES
More Than 1900 Delegates Attend
Annual Convention This
Week,
Special Dispatch to The star.

Special Dispatch to The star.
NEW YORK, October 17-More than
1900 delegates from every State in the
Union and from Canada, representing
700 investment banking houses. are
meeting this week at Atlantic City
While % standing committees of the
Investment Rankcrs' Association will
make reports to the association. atten-
ton will be concentrated largely upon
three questions
One deals with security swindles.
From $1000,000.00O to 81 1900, ,000,0 900
annually is lost by the American public
through the sale of worthless and fake
securities. How can this be curbed?
That is one problem.
The second one deals with the invest
ment trust. Today there are approx
mately 400 companies. controlling al
most 81 l0000 900, 900. engaged in this
work 1t is significant that the asso-
citation has changed the name Of the
committee handling this question from
the investment trust committee to the
investment company committee. This
is because many so-called investment
trusts are not really trusts in the orig
inal sense, but companies investing
funds for others.
The third big question concerns ap-
pld4NcI AlSLiIOuS III Icdl estate llIldilCIIIR.
The investment banker, lending his
money on rising city values, has had
no great problem to solve And city
valuss have risen steadily for quar-
ter Of century. But should city values,
like farm values. go down and not up
for period Of years--then what? That
is problem the investment banker
must watch.
The Investment Bankers Association.
organized Is years ago and now one of
the most important business organi2a
ti0ns in the Nation. has always made
the annual meeting an occasion not
merely for a discussion of mutual bust
ness, but for pleasant association. The
delegates expect to talk shop" only
in the mornings The rest of the day
is given over to other things-golf in
the afternoon and social affairs in the
evening.
The investment banker has learned to
mix business with pleasure at annual
conventions. This year is no excep-
tion
(Copyright, 1928 by North American News
paper Alance)
Evening star., 1928-10-17
TOBACCO SALES LARGE.

DANVILLE, Va, October II R.-
The Danville tobacco market yester-
day had the best day of the season
up to the present time. Over 100000
pounds of tobacco were sold on the
warehouse floors, officials said, for an
average of Is cents per pound. This
is the seasons record so far both as
to quantity and price. Better grades
of leaf are slow coming on the market.
The projected fifth sale has been aban-
doned following the failure of several
of the larger tobacco companies to
place the fifth set of buyers of the
market.
Evening star., 1928-10-17
COTTON Is STEADY
ON INITIAL TRADES
BY the Associated Press.

NEW YORK. October 1z-Tte cot
ton market opened steady at an adj
vance of points to a decline of
point. Some buying was reported on
the relatively steady showing of Liver
pool and reports of further rains in
the South. It appeared to be offset
by realizing or liquidation owing to
the failure Of the weather map to show
any frost in the belt, and a generally
favorable view of the weekly report
of the Weather Bureau, however, and
the market eased after the opening
with December selling Off from 1880 to
19.41, or about points net lower. The
buying was attributed partly to the
trade, but the demand from that source
was said to be just about balanced by
southern hedging, and the market was
rather nervous and irregular at the end
of the first half hour.
Evening star., 1928-10-17
MORTGAGE FIRMS UNITE
Baltimore Companies Figure in
S5.s1s.632 Consolidation.

BALTIMORE, October II (SpeciaD.
announcement was made yesterday
that at a meeting of the board of
directors of the National Mortgage Co.
of Baltimore favorable action had been
taken on a resolution whereby the
National Mortgage Co. of Baltimore
would be merged into the Seaboard
Mortgage Co of Baltimore. and a meet
ing Of the preferred stockholders has
been called for October 80 to take
action thereon. The merger Of the two
companies will make the total assets
$5.618,632.
The National Mortgage Co Of Balti-
more was organized in 1922 and has
confined its operations almost entirely
to Baltimore mortgages
The Seaboard Mortgage Co Of Balti
more was organized in 1924. Tt has
been engaged in making first mortgage
loans in number of States in addition
to Maryland.
Evening star., 1928-10-17

The tobacco average of the world is
3 , pounds per year per person.
Evening star., 1928-10-17
Zenith Radio Earnings.

CHICAGO. October IT GP).-Eugene
F. Macdonald. ir.. president Of the
Zenith Radio Corporation, reported that
earnings for the three months ending
October 30 will be more than 100000
compared with $336.000 for the first
quarter OF the fiscal year. These figures
include charges-off, royalties and depre-
citation.
Evening star., 1928-10-17
Motor Firm Elects.

NEW YORK, October II LE).-E. S.
Jordan was reelected president at the
reorganization meeting of the Jordan
Motor Car Co. of Cleveland Ohio.
John McArtle. formerly Of the ChryS-
Ter Corporation. was named vice presi-
dent and general manager. and A. r.
England. Observation-Disclosures and a di-
rector, Other directors named we're:
James A. House, president of the
Guardian Trust Co, Cleveland; Joseph
G. Fisher, vice president of Marine
Trust Co, Buffalo; Roger Sherman,
director of Continental Motors, and r.
Ernest Burton, Cleveland. -.----,-
Evening star., 1928-10-17
FOREIGN BONDS,

p a $500
sp4.@sfs
Evening star., 1928-10-17
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Office
TNDUGTPJAJC

Following is list of stocks and
bonds traced in on the New York Curb
Market today:
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-11-14
GUARDS Save
SLAYER FROM
DEATH INCELL
Captain, Nephew Of
Deceased President
Elect, Described AS
OF Unsound Mind

MEXICO CITY, Nov. 14.-tP)-
Prevented from taking the life Of
Jose de Leon Toral, assassin Of Cen
eral Alvaro Obregon, Captain Jesus
Obregon last night took his own life.
An extraordinarily heavy guard was
placed today about ToraPs cell. He is
under sentence of death.
Police described Captain Obregon.
a nephewaof the slain president-elect,
as mentally unbalanced.
Although only his parents have
been allowed 20 visit Toral, Captain
0bregon gained admission TO the PEN
itentiary bcause he was well known
TO the authorities there. A visitor
talking to a guard near Torais cell
noticed that Obregon was agitated.
When he drew a pistol. the visitor
and the guard rushed up and grap-
Piled with him. The weapon was
wrested from his hand before he
could fire.
Captain Obregon was not detained
by penitentiary officials. He return
ed to his home and locked himself
in his room. Others in the house
heard a shot and broke in the door,
They found Captain Obregon lying on
the floor. He died at a first aid
station.
Captain Obregon was 90 and a son
Of General Jesus Obregon, a brother
of the slain president-elect. Several
years ago he was an officer attached
to the inspector general Of police.
In 1922 he fatally shot a policeman
and a court found him mentally ir-
responsible.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-11-14
PLANFOROWN
PORT BACKED
AT HARLINCEN
Navigation District
Repudiates Propo-
sal to Join Point Isa-
bel Project

HARLINGEN, Nov. fi.-Although
the delegation Of nine who attend
cd the Intracoastal Canal Associa-
tion meet at Baton Rouge, La, rec
commended that Harlingen throw its
support to the establishment Of 16-
foot deep water harbor at Point lsa-
bel and work for a nine foot canal
10 connect to that port, members OF
the Harlingen navigation district, at
a meeting Tuesday night, voted
against the recommendation and APP
proved the present plan Of cutting n
nine foot chanel through Padre ISL
and.
J. II. Chambers, Sr.. chairman Of
the navigation district, offered the
motion to table the delegations rec
ommendation and bis motion carried
by a vote Of 20 TO 9. Ten persons
present at the meeting refused to
cast n vote.
A resolution, endorsing the intra-
coastal canal was also introduced by
Chambers and was passed unani-
mously.
Ii has been announced here that a
banquet will be held tonight in an
effort 10 reach a mutual agreement
between all hackers of port projects
in Harlingen and il is possible that
mass meeting will be held here
within the next few days.
The proposed banquet tonight was
intended to bring all factions togcth-
or in mutual settlement, il is said,
and 20 discuss the canal outlook.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-11-14
INTEREST IN
COOKING IS
INCREASING
400 Women at Herald
School Learn Uses
Of Substantial Veg
etables

Increasing interest in The Browns
willie Herald Cooking School being
conducted this week by Mrs. Myr1
Oliver Dougan, well-known domestic
economist. was demonstrated BY the
increased attendance Tuesday after
noon. Fully 400 women we're pres
ent for the second session, held in
the high school auditorium.
Mrs. Dougan took for the subject
Of her second lecture and demonstra-
tion substantial vegetable and
"made" dishes, showing ways of pre-
pairing the homely squash and turnip
in ways so appetizing that the fam
lily will call for a second helping,
forgetting all about the common
place boiled vegetable which - too
often pushed back as uninteresting.
The model kitchen. furnished with
Sellers cabinet. kelvinator- enamel
tables, Valley Wonder gas range, and
other of the attractive modern
equipment, had been transferred
from the cafeteria, where the first
lecture was given. and arranged on
the stage for Mrs. Dougan's demon
strations.
Here she cooked number Of
dishes while giving the recipes. pro-
viding an opportunity for the listen
Continued on page two.)
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-11-14
Smith URGES
dem PROGRAM
BEDEVELOPED
Governor Starts South
For Rest Following
Radio Appeal For
Support of Hoover

NEW YORK, Nov. 14-tPl-After
broadcasting an appeal 70 the demo-
cratic party 70 develop and present to
congress a constructive national pro-
gram. Governor Alfred r. Smith to-
day was intent on golf in the South.
Accompanied by a few friends he
will have a two weeks vacation near
Biloxi, Miss.
The governor in his speech. which
was broadcast over IS radio stations.
also urged that Herbert Hoover
although he did not mention him by
name--bc given the cooperation OF
every citizen in the development of
a program calculated to promote the
welfare and best interests Of the
country.
1T must be remembered" said the
governor, "that while political par
ties may seriously divide public
opinion throughout the country dur
ing the progress or campaign. after
the American people have made their
decision the man selected IS not the
president Of the republican party but
the president Of the United States.
President of All L. S.
"He is the president Of all the
people and as such he Is entitled TO
the cooperation of every citizen in
the development of a program calcu-
lated TO promote the welfare and best
interests Of tins country. He is en-
titled to fair opportunity to develop
such n program. Only when he fails
70 accomplish il does the administra-
tion become the subject of proper
criticism Of the opposition party"
The governor denied the election
CONTINUED on page twelve)
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-11-14
MOST OF 1903 LOST ON vESPRIS
WOMEN. Chill LDREN;; RAP CAPTAIN
Obyeg0m's Kim Attacks TOynL Kills Self
Prominent Persons
Listed Among Lost

NEW YORK. Nov. 14.-P)-Per-
sons from all ranks of life, many of
them prominent are among the
missing passengers Of the ill-fated
liner Vestris.
Among them are:
Major Yoshio lnouye, en- route to
Buenos Aires TO assume the post of
japanese consul. Mrs. 1nouye was
picked up by the battleship Wyom-
ing.
Earl F. Devore and Norman X.
Batten. automobile racing drivers,
on their way to South America 10
take part in number of meets.
Devore bad with him his $4,000
racing machine. the "Nickcl Plate
Special" Devore lived at Altoona,
Pa. and Batten at Dayton. O.
Charles Nj. Henrotin, mining en-
gineer who for many years was
manager of the Kimberley diamond
mines in South Africa. He was on
his way to British Guiana where he
has represented J. A. Sisto & So,
Wall Street bankers.
Mr.. and Mrs. Alfred Fletcher Of
San Francisco, the former a foreign
trade expert who was en- route TO
Buenos Aires TO take charge Of the
South American sales force Of the
caterpillar Tractor company. Mr..
Fletcher is n son of the Rev. Alfred
Fletcher, Episcopalian clergyman
Of Los Angeles.
Mrs. O. s. Stevens. wife of the
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-11-14

manager of the Buenos Aires
branch of the First National Bank
Of Boston, who with her husband
was returning to Argentine after
n three months honeymoon in this
country. She was the former Gladys
May Holt Of Buenos Aires. Her
husband was picked up by the
American Shipper.
Mr.. and Mrs. w. A. Brownfield or
Louisville, Ky, who were on three
months trip TO Brazil where
Brownfield was to introduce the
product of the Kentucky Rock AS
phant company of which he was
chief engineer.
Sidney s. Hoppe, New York ad-
vertiSing agent for a number of
South American publications, who
was en- route to Buenos Aires for
a conference with officials of the
newspaper In Nacion.
Mr.. and Mrs. +. "A. Jackson. mis-
sionaries of Richmond. Va, and
their son, Cary, who were return
ing to South Africa after a several
months visit to this country.
Mr.. and Mrs. Carlos FRANKIE and
two children. n daughter 2l years
old and a son, eight. Mr.. FRANKIE
was en- route to Buenos Aires 10
take over the branch there Of Kort-
ing Brothers. manufacturers Of
compressor engines, of Hanover,
Germany.