davidaulloa/AmericanStories huggingface dataset:
, 1928-03-26
, RIO
OF THE
COLONIAL COUNCIL
F = r S 7. G DIX
Continued from Soturday'8 AviS.

@1b
LIST Appointed Member (Stakemann)
remarked: Mr.. Chairman, it is stated in
the Bond that the machinery and the
buildings should be kept in good condi,
tion and there was S3I, 0000 worth of
inventory, some have been sold, if | mis-
take not | think a Diesel engine has been
sold. No reason is given for transferring
the loan, they simply come to the COun.
Gil and ask that it be transferred: in fact
the object was to send the matter to the
Municipal Committee and transact the
whole business. They have used up all
the articles of inventory and have not re-
placed them, and instead of putting aside
the reserve fund they have uesd it allup.
That is not the way for a corporation to
act. feel that they have broken their
Articles Of Corporation. if the Govern.
ment aud the Council consider that the
money is safer there than putting it to
other use that's all right, but | think it
should 90 back into the Treasury. AS to
the remarks made by the Honorable 2nd
Member for Christiansted Country Dis
trjct concerning me, that is not material.
can explain how | got into the Corpora.
ton; they came to me in my capacity as a
Lawyer and one of the members was not
satisfied with certain things and in order
to put the thing through | went into it. |
did not go into it to make money.
End Member for Frederiksted Town
(Bro1U) remarked Mr.. Chairman | agree
with the Honorable 1st Appointed Mem.
Der that the money should 90 back into
the Treasury but when we think of the
small growers | think it would be better
to continue the loan and put in a clause
in the mortgage bond compelling Bethle-
hem to purchase cane at the same price
that the squatters are now receiving;
want to go a step further by saying that
the price of delivery should be stipulated
because these poor squatters cannot cart
their cane to Bethlehem. The only object
we have in view in lending this money is
to protect the poor squatters. agree
with the Honorable LIST Member for Fred,
, 1928-03-26

CiihotC0 ~ - JI&b ? @t2@N"E'y' ~ -'O
ed.
Ord Member for Christiansted Country
District (FrdncjS): Mr.. Chairman, |
would like TO say for the information Of
the End Member for FleIerik3ted Town
that the small cane growers will be am
ply protected where delivery of cane IS
concerned. Bethlehem has already made
arrangements for delivery Of cane both
at the Factory and at Estate St. John.
End Member fer Fredariksted Town
(BrOW): Mr.. Chairman. | cannot tell
what Bethlehem will do in the future
that's why ] say that should be stiDulat-
ed ia the bond.
3rd Member for Christiansted Town
(FGbj0): Mr. Chairman. before the vote
is taken | want to say that it seems t. me
that the best way ont is to transfer tl4
loan to Bethlehem. The Central Factory
has not treated the people in the right
way they have made it very hard for
the people at this end by selling The Fac
tory to a Concern that is goiug to have
the monopoly | feel that the money 3 60
iag 10 be safer in the Bethlehem Co. Germ
than 10 the other Factory without cast:
ing any reflection on any one. Ii IN rn"
transferring Of the loan the laO0ro-
class will not ba helped | would prefer
to see it revert u tn Treasury and let
the mortgages DAY me debt out OF their
pockets. 1t is obvious that the Govern
ment took a stand against this transfer
inasmuch as it did nOt take the initiative
in this matter. The ST. GroiX Sugar Fac.
tory cid not haVa any kind Of phlIantrOp-
ic feeling for the people at this end, some
thought should be given the people OF
Christiansted. In conclusion Ih)pe if the
money is loaned to the Bethlehem Con-
Germ that the terms Of the bond will be
such that there will be no regret after
wards.
3rd Appointed Member (AbramS0n) re.
marked: Mr.. Chairman, contracts were
made with the Central Factory ! signed
one myself; and what have they done
sell the Factory without telling the PEG.
pie anything. If | were growing cane
under present conditions | would run the
risk of losing every thing and bring a
suit against the Factory because they
have broken their contract; it | were
growing cane | would raise old harry.
The Central Factory has not looked out
for the poor sQuatters. | am glad that /
am not in cane business.
Despatching Secretary (FOTW8ll: Mr..
Chairman, the desire Of the Government
IL this matter Is t. protect the lntereS
of the people of the Municipality Of ST.
CrOix and it appears that tie only way
their interest can be protected IS by safe.
guarding the lmmigI alton Fund-tha
, 1928-03-26

what the R solution intends but some OF
our sDreWd aWyers might be able 10 con-
vince the Court that that IS so. The
West Indian Sugar Factory have not re.
0uested that this mortgage be transfer
red to them, it can only be assumed that
they desire it because a member has in
troduced this Resolution. think before
going further into the matter 1t Wou'u be
a good idea to have The West indian Sugar
Factory submit terms upon which they
desire to have this money loaned 10 them.
saw loaned because [ think tn Old m)1t
gage should be cane He'd and new terms
entered mo, maxim: them as taynlra0ie
10 th4 Government as possible; Tor IN
st7nc, thiaE jha terms OF tn OLD mort.
uaea call cor payment OF S.. 900 each
wear. at that q: te NE loan VIII run for
45 years tn. k 20 years is long enough
for a mortgage ike this TO ru0. 1T has
been stated tIat tne money viii BE- ten
times safer in the hands Of the BatdIe.
hem Concern, | wish to call attention 10
the fact that this Concern has registered
ind btedness of over $4,000 dollars.
The present MORTGAGE IS a lrsJ mortgage
on all the properties Of the Central Fac
tory. The new mortgage should b. a
first m0rtg4g- on tie same properties.
1sr Member for Cari5tiaDstel Curry
District tILscIad ~ remarked: Mr..
Chairman. IN regard to what the 0eS'
patching Secretary mas said | wish 10 say
that | have 9rop)s din my a11endment1
to the Resolution that the instrument be
increased; the last clause. lines IL, u,
and Is show that this will be a loan, o,her-
wise | agree with the Despatchlug Secres
tary in all that he has said.
End Member for FrederikSted Town
(BrOlU): Mr. Chairman, / would like to
know how much is the interest We are
getting at present on the loan and ii the
amount is turned into the Treasury what
is the interest We are going 10 gel?
The Chairman: At present we are
getting Al percent, 8s formerly <ttu9
money was invested in Liberty Bends. -
End Member for Frederiksted Town
(BrOlU) Mr.. Chairman, if the money Is
turned back into the Treasury it IS Lot
going to yield as much as we are Qelt. d.
at present; | prefer TO let 1t remain Nna
Tor g-time loan.
4th Member for Frederiks,ed country
District IA. VI. SkeochJ: Mr.. Charm -.
just want TO say that ii is an uLtortu.
nate incident that The members tad tOs
leave tie Ccut Gil; | wish hey were here
to hear tie interesting remarks that are
tc,ug ma ne tnly way they can kuow
lat mas Uapir med here is Though the
records aILUOut b tneStenUgrapher is overs
worked and worn out. No ore here has
L1~-. HI r. 900 .FIIr 4h,,I = irE
Evening star., 1928-11-26
STOCK PRICE. INDEX
GAIN IS CONTINUED
Average Increase of Three
Per Cent Over Previous
Week Is Recorded.
Special Dispatch to The Star.

NEW HAVEN. Conn, November 26.-
Prices of the industrial common stocks
listed on the New York Exchange rose
last week on the average per cent
above prices for the previous week. In
creases IN stores, steels. eoppers and
oils, and, to a. lesser extent, in auto
accessories and foods, were responsible
for the general rise. Motors alone fell
of and continued its gradual recession
creases were noted also in public utility,
rail and preferred stocks. Canadian
Pacific reached new high on Friday.
The stores index rose to 1882 from
2l7.4, owing to rises mainly in Mont
gomery Ward Sears Roebuck and Ma
t1onal Bellas Hess Steels rose to 1888
from 1872, because of price increases
in Bethlehem Stesl and United States
Steel. Coppers moved forward to 217.0
from 2109, through Anaconda and
Federal Mining and Smelling strength.
The oils increase to 1850 from 1904
was due to buoyant Sun Oil, Standard
on OF California and Standard Oil of
New Jersey prices. IS.
The motors price index fall to 1880
from 1861 was due to the weakness in
General Motors.
Graded common induStrialS moved
forward uniformly. F'irst-grade stocks
advanced to 1892 from 1888 Second
grade stocks increased to 1913 from
1898, while third-grade industrials
moved up to 1897 from 1926.
The price index of the so most ac-
lively traded stocks registered per
cent rise over its value for the previous
week.
A compact survey of Stock Exchange
movements is given below by indexes
&c,
Evening star., 1928-11-26

Trading in industrial common stocks
on the New York Stock Exchange last
week registered l per cent increase
over the previous weeks record. The
average daily value of tradingS amount
ed to 1891 100000 as compared with
$387 100000 for the previous week.
while activity in all stocks, aided by
Fridays more than 1000, ,000-share day.
averaged a daily value of $459, 500 900
as against $446, 10000 the week before
Trading activity increases in copperS,
foods and stores overweighed diminished
activity in motors, oils and steels.
Strength in public utilities and preferred
stocks compensated for less activity
among rail issues. The coppers turn
over averaged $57,100,000 day as COM
pared with $42,600,000 the previous
week owing mainly to more Anaconda,
Chile Copper and Cerra de Pasco shares
changing hands. Foods activity in
creased to $19,800,000 a day from $13,-
100000 via an increased turnover of
National Dairy Products, National Bis
cult and Park & Tilford stocks. Stores
activity was measured by 22500, 900
| average daily trading value as compared
| with $21, 100000 for the previous week.
Increases in May Department, Wool
worth and Kresge activity are the rea-
sons.
Motors trading fell to an average Of
| $56,900,000 per day as compared with
ST. 100000 for the previous week due
to less activity in General Motors and
ChrySler., The oils turnover dropped to
| $39, 100000 per day from $43,500, 600,
due to less interest in Sinclair Consoli-
dated, Barnsdall A and Mexican Sea-
board
Steels activity also fell, averaging
$31 100000 daily as against $38,500,0 900
the week before, through fewer United
States Steel. Central Alloy Steel and
| Colorado Fuel & Iron shares being
| traded.
Copyright 1928, by Irving FISHERY
Evening star., 1928-11-26
Rayon Plant Incorporated.

BALTIMORE, November 26 (Special)
The Associated Rayon Corporation,
which controls a number of artificial
silk plants both in this country and
abroad, has been incorporated under
the State laws of Maryland with a
capital of $40,000,00O. The charter
calls for capital stock of 100000 shares,
100000 of which are to have par of
$100 These latter shares are to be con-
vertible preferred. while the common
shares have no par value. A bonus tax
of $500 was paid
The charter sets forth that part of
the product of the company will be
manufactured in Maryland and that the
corporation will be operated under
Maryland laws The corporation owns
many plants throughout the country.
The directors of the firm are Ludolf
Rosenheim, Alfred Schoenlicht, Becer-
age c.. Dunlop and Fritz Bluthgeer.
Resident agents for the company will
be w. List Warner and George New
conner 1t was said the corporatiora
plans to take over certain plants in
Maryland and operate them.
Evening star., 1928-11-26
INDUSTRIAL: BONDS
LEAD IN TRADING
Rails and Public Utilities
Issues Are Quiet-Cop-
perS Active.
BY CHARLES F. SPEARE.


NEW YORK. November 26-Tht
strength and activity of a large list Of
industrial bonds stood out in contrast
today with dullness and irregularity ir
the rails and public utilities.
Again Andes Copper convertible Is
led the procession WIKI an early rise o1
13 points to above 240. This came au-
tomatically with the advance in the
stock to level about 20 points above
the subscription price. Anaconda Cop
per convertible Is at the same time
rose Az points. Both bonds later lost
a part Of their first gain. b..
Next in Importance was the strength
In the group of Cuba Sugar convertible
bonds, which have been recovering re-
Gently after selling at the lowest prices
IN their history and at figures that sug-
geSteo serious credit conditions. Cuba
Cane Sugar IS were up 21a points, East
erp Cuba Sugar 7las a point and Is
points above their lowest of the year
with good gains In Antilles rs and Ma
natl Sugar 7I2s. There is more cheer
ful attitude in speculative circles to-
ward the sugar situation in spite of the
fact that the current reports of earnings
are net satisfactory and the difficulties
IN the way of extending bonds due in
about year, clearly recognized.
Porto Rican Tobacco 6s were up 2
points, Public Service of New Jersey
412s point. Barnsdall IS 2A points
and the local fractions "a to "a. In
the Secondgrade rails Missouri Pacific
IS gained "a, while there was decline
Of point in Chicago e. Eastern Illinois
5s and return in Florida East Coast SIS
to the previous low of 50, or about 10
points under the years highest
There was a suggestion in the de-
cltneS Of Il to Il in the Treasury 33s
per cent bonds of some selling by insti-
tutions. This was also apparent In the
Liberties, from which banks have been
shifting into tax-exempt bonds and
legal corporation bonds which give them
higher return and, in the case of the
savings banks, permits them to pay
larger interest rates in the race that is
going on for increased deposits.
The weakness In Japsnes issues was
outstanding in the foreign group. City
Of Tokyo 5l2s we're off nearly a point
and Japanese government 612s were
down ~. The italian convertibles were
quiet and irregular. Among the newer
German municipal, public utility and
industrial bonds there are signs of liqui-
dation, with quite a, number of new low
prices recently in this group In spite
of the present unfavorable surround
tngs in certain sections of the foreign
market both technically and in politi-
cal sense, negotiations are going on for
the introduction Of further foreign
loans into the American market.
Evening star., 1928-11-26
CHAIN STORES INCREASE.

NEW YORK, November 26 (Spe-
ciaD The United States is not the
only country where chain store opera
ton Is expanding rapidly. Canada
shows the same condition. The Depart
ment of Commerce has just issued a
report showing that the sales by chain
grocery stores in two provinces of Can
:.1a-Ontario and quebec in 1928 will be
2H per cent higher than in 1927,
N Ottawa. the capital Of Canada, A..
H. Thiemann. American trade commits
sloner. estimates shat the chain and
group stores constitute 20 per cent of the
total number of grocery stores in that
city
What has been true IN the United
States is likewise true in Canada. The
chain store has concentrated and been
most effective, so far, IN the grocery
Evening star., 1928-11-26
Money and Prices
Special Dispatch to The Star.

special OlspaCcn 70 Inc star.
NEW HAVEN, Conn.,, November 26.--
Last week the wholesale price index,
based on Dun's quotations, resumed
its downward course, although at a
slow pace, sagging from 97.7 the pre-
vious week to 97.3, a decline OF 0.4
point.
Conversely, the appreciation of the
purchasing power of the dollar con-
tinued to 1923, gain of 0.4 for the
week.
The wholesale price index now stands
at the lowest point and the dollars pur-
chasing power at the highest since the
third week of last March.
But fluctuations within points each
way from 100 (=1926 average) have
obtained in both indexes since the
first week of September, 1927, demon
strating an uncomrlonly stable condi-
ton very favorable to confidence in
general business.
Fluctuations in the general wholesale
price level and in the purchasing power
Of the dollar are given below for vari-
Gus periods. The average for the year
1926 is the base used: .
Evening star., 1928-11-26

NEW YORK, November 26 (P.-An
airplane manufacturing corporation,
modelled after modern automobile plants
and having a production line capable
Of putting out five airplanes daily, is
being organized by Clifford Durant, son
of William G. Durant, it was learned
today.
The organization will be built around,
the American Eagle Aircraft Co. of
Kansas City, Mo-, substantial stock in
terest in which is held by the Durants.
At least three other companies will be
acquired to give the corporation acces-
sorry, motor and plane manufacturing
facilities. A distributing subsidiary also
is planned, with a number of veteran
automobile men active in its affairs,
among them Barney Oldfield, veteran
racing driver.
Evening star., 1928-11-26
MARYLAND TOBACCO SALES.

BALTIMORE, November % .(Spe-
ciaD Both receipts and sales last week
of Maryland leaf tobacco showed in
creaSes over the previous week, the for
mer totaling 247 hogsheads and sales
amounted to 379 hogsheads. This leaves
a stock in State tobacco warehouses of
l9,499 hogsheads. of which ony a small
portion remains unsold.
Demand continues good and prices are
well maintained at the following quo
tations per 100 pounds: Inferior, 60Oa
100; frosted, 3.00a4.OO: sound common
and greenish, 8.00a15 90; good common,
16.00a2500; medium, 26.0Oa4O. 90; good
to fine red. 41.00a50.0O fancy. 50.OOa
51.OO; seconds, common to good common.
6.O0a15.00; medium, 1600a23. 90: sec
onds. good to fine. 24.0Oa35O0: upper
country, hurley, nominal: ground leaves,
Evening star., 1928-11-26
Ginger Ale Firm Expands.

NEW YORK, November 26 CR.-
Canada Dry Ginger Ale, Inc, of Jersey
City, N. j., today purchased the Chelms-
ford Co. of Massachusetts,, manufactur-
ers and dealers in ginger ale and car
donated beverages. for cash and Can
ada Dry capital stock. The shares to
be paid to Chelmsford were purchased
in the open market and there will be no
new issue.
Evening star., 1928-11-26
FARM BUYING POWER.
Decline in Agricultural Dollar
Shown During Week.

NEW HAVEN, Conn.,. November 26
(SpeciaD Farm purchasing power had
a considerable decline last week, drop
ping 1.8 points to 100, equivalent to the
1926 average.
Falling of in prices of beef steers,
lambs and hogs. with a slight decline
in wheat, more than Offset slight rises
in wool, cotton, oats, corn and potatoes.
Index numbers of farm purchasing
power and of agricultural and nom
agricultural prices for various periods
are given in the following table, in
which the average for 1925 represents
loo.
Evening star., 1928-11-26
Washington Stock Exchange
SALES

Anacostia g. Potomac r. r. 5s-$1 900
at 96.
Capital Traction Colo at 10634. -
Potomac Electric .51s 20 pfd.-1O at
10813.
Washington Gas Light-9 at 1o6.
Washington Rwy. g. Elec. pfd.-1 at
99A.
Federal-American National Banks at
1885,
Riggs National Bank warrants-95-265
at 315, 105-265 at 315 50-265 at 315,
50-265 at 315, 2 at 312, 35-265 at 80,
Barber g. Ross com.-30 at %.
Mergenthaler Linotype-10 at 10512, 80
at 1051a, 10 at 1852, 5 at. 106.
AFTER CALL.
Washington Gas 5s--$1 900 at 1031s.
Potomac Electric cons 5s-$1,000 at
1924.
Potomac Electric 5la96 pfd.-10 at 1OSH I.
Riggs National Bank warrants-2 at
lilo, at 100, at 108.
Washington Gas IS "A"-$100 at 1882.
Capital Traction $500 at 103.
Riggs National Bank warrantS-175-2S5
at $40, at 308.
Washington Gas 6s B-$100 to 105.
Evening star., 1928-11-26
NEW YORK BANK CLEARINGs

NEW YORK, November 26 Especial,
New York bank clearings, s574, 1000 :
000 New York bank balances, S122,-
100000; New York Federal Reserve bal
anceS. S110 600 600.
Evening star., 1928-11-26
Money to Loan

Secured by ArsG deed Of trust on Feal.estate.
Prevailing interest and commission.
Joseph |. Weller 420 Wash. L. & Trust
Bldg, 9th & NV.
Evening star., 1928-11-26
Foreign Prices.

Cables from Europe report foreign
wholesale commodity prices as follows:
f1e2e11o0) ENGLAND France italy
Evening star., 1928-11-26
Commodity Notes
Steel.

CHICAGO, November ga So ad-
vance in steel prices is expected in this
district for the first part of 1929. There
is heavy buying move by railroads and
demand is brisk for other types Of steel
products.
Evening star., 1928-11-26

There is a Church Recreation Insti-
tute in Louisville,
Evening star., 1928-11-26
Fruit.

ATLANTA. plans are
being made to expand the export Of
peaches to Great Britain and other
foreign markets in 1929. The initial
shipments to England were distinctly
successful. *.
Evening star., 1928-11-26
Oil.

KANSAS CITY.-T. G.. Hendrick,
has sold one-half of his one-eighth oil
royalty on the property for $4,000 ,O00
His income for the remainder is $4,000
a day. The ranch forms large part
of the new Wrinkler pool.
Evening star., 1928-11-26
s@s@@ 49, z7l=ss
Ice.

CLEVELAND. -- improvements and
extensions costing upward of $1,000, 900
are being made by the City Ice and
Fuel Co. Part of the work is being
done in plants operating in New York,
Troy, NJ Y; Columbus, Norwood and
Willoughby, Ohio, and Cincinnati and
Cleveland. .
Evening star., 1928-11-26

Va Ry & p 5s.
Wbash 4 II s 78 rcts.
Wabash 5s rs B.
Waba sh 5 rs 75....
West Maryland As.
Western Pacific IS.
Wis Cen gn As AZ.
Evening star., 1928-11-26

7 10l 100As 10l
l6 9S 92M 92M
6 1914 100h 1914
3 104 104 104
2 S2ks S2h S2H
. 100 9S%i 9S&4
/ S2h S2h S2Is
Evening star., 1928-11-26

(Copyright. 1923. by Irving Fisher9
Evening star., 1928-11-26
TREASURY CERTIFICATES.
FOREIGN EXCHANGE.

Quotations furnished by w. f. Hibbs g. Co..
Nominal gold Selling checks
val (nrT TNor p tod
Evening star., 1928-11-26
Farm
PLANS AIRPLANE PLANT.

(Copyrisht. 1928, by Irving FISHERY
Evening star., 1928-11-26
sH0RT-TERM SECURITIES.

tReported by j. & w. seligman g. Co.,
Evening star., 1928-11-26
movements Is given below by ind
and per cent of return:
Record Turnover.

Low c26, '27. '2s> 75.6 s8;2
New Britain herald., 1928-02-03
: about the s.ss of Washington. D


 From early times the city maln- tained . position Of marked indepen. dence and in the .sixteenth century 1t became . free city. Unhampered by local priucipalitieA it rapidly grew. The city paid tribute to the emperor alone and received his pro tecton under which. like other free cities. 1t became . great center of commerce, industry and wealth.
 Frankfort was doubled in area in the fourteenth century when 'new town" which was also guarded by a wall. was annexed. Then when the modern metropolis was annexed a century ago. tho new town" ~--alls were torn down and in their place parkway and promenade were built. making semicircle through the heart of the city.
 CatiloiFal Built in 18th Century.
 Little change has taken place in the old town, which stretches along the river bank and for . few blocks inland. The cobbled, canyonlike streets are 50 narrow in some places that the steep gables of the gally ,frescoed houses and shops on both sides meet over the narrow passage way and form canopy. And they are so crooked that one can seldom. sec more than . city block before they veer of in another direction.
 Now and then there is . square into which many of the streets con-
New Britain herald., 1928-02-03
De Valera May Be Asked
 To Join Irish Ministry

London, Feb 3.1P-A Dublin dispatch to the Daily Express today indicated that Eamon De Valera might be invited to join the Irish Free State ministry when he returns from America. The hint was con tained in an interview with former Governor General Timothy Healy oi the Free State regarding De Valera.
 Some members of the Dali Eireann think it would be wise fo put him in the ministry in order to lot the electorate see before the next general election how barren and ahortive are his plans Healv was quoted as saying.
 Such a movement may be under way now. I shall watch such an ex pertinent without sympathy. There need not be any fear Of the ultimate outcome of such q step