davidaulloa/AmericanStories huggingface dataset:
Evening star., 1928-12-10
BUSINESS HELD SAFE
IN STOCK PRICE DROP
Indications Seen That Public Has
Been Using Surplus Funds
in Market.
BY j. C. ROYLE.
Special Dispatch to The Star.
RTr1VIY


NEW YORK, December 10.-Develop-
mentS have failed to appear which
would indicate that fluctuations on the
Stock Market-up or down-will affect
commerce, trade or industry adversely.
Thousands of individuals will be forc-
ed to take a sock" on the financial
chin. But even in their cases the blows
will be more painful than dangerous
Business concerns and corporations are
not likely to suffer materially, even
from temporary check to buying.
The reason for this is that the busi-
ness capital of the Nation is not tied
up dangerously in stock speculation.
1t is the surplus funds of individuals
which are in danger. In order to allow
the tremendous volume of speculation
which has engulfed no small part OF
the population, brokers' loans have
risen recently to the apparently enor-
nous height of about $5,250,000, 900.
But even if that money were in danger,
which it is not, it is not as important as
it seems when it is considered that the
income of this country this year will
be approximately 100000, 100000.
Moreover the five and quarter bill
lion dollars can be turned into cash
and returned to the lenders at one days
notice and in the meanwhile is more
than adequately protected by collateral.
This money has not come entirely from
the banks which normally finance COM
mercial and industrial requirements, for
which the banks are sorry. Prosperous
corporations, with millions of dollars in
their surplus accounts which they mo-
mentarily have not needed in their own
operations, have turned their cash into
the call money market. If they need
the money they can get it promptly.
The extent of these loans can be
estimated when it is realized that not
a few American corporations have from
$40 1000 900 to $100,000.000 and over in
their surplus accounts. The loans of
the banks have not created a shortage
in funds available for legitimate COM
mercial and industrial expansions or
crop movements. The banks have more
cash today than year ago. Bank de-
posits. both time and demand. have
risen about billion dollars in the ma
tional banks as compared with year
ago. Savings deposits have risen to
$237 per capita and have reached a
total Of about $28, 400, 100000.
Commercial loans are still at a rea-
Sonable rate Savings deposits have in
creased rather than diminished Con-
seQuently StatiSticianS estimate that
most of the independent spectators in
the market are gambling with surplus
funds and that even if they lose those
funds, their ordinary buying power and
their financial stability will not be ma
terially affected. 1t is also figured,
however, that less money will go into
permanent longtime investments.
Evening star., 1928-12-10
EARLY CURB RALLY
YIELDS TO SELLING
Many Issues Lose Initial
GainS-High- h-Priced Fa-
voriteS Decline.
BY WILLIAM F. HEFFERNAN.
,ecial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December l0.-An early
rally on the Curb Exchange today was
not as pronounced as that which oc-
Cured on the Stock Exchange For a
time it encouraged belief that most of
the liquidation, forced and otherwise.
had been completed at the close last
week. but this proved unfounded and
shortly after midday further pressure
made Itself felt
Prices rallied / to more than points.
but failed to hold their improvement
and many issues recorded substantial
losses Marconi issues held relatively
firm, possible because they had expert
enced one of the sharpest declines
Fractional advances were the rule ex-
cept in the case of Canadian Marconi,
which was in supply around the low for
the current movement
American Light & Traction was IL
points higher at the start, but subse-
quently lest more than half the i'm
provement. Electric Bond g. Share Sc
cuTities, after recovering almost points,
dropped back to the Saturday final.
These were typical instances of the price
trend in public utilities generally.
Standard of Kentucky, at ITO, gained
more than points, but later lost prac-
tically all the gain. Standard OF In
diana and Humble OIL did better than
most other oils.
Among high-priced issues Tubize Ar
tif1cial Silk was off almost points,
Libby Owens was subjected to further
pressure and Sparks Wilmington drop
ped more than points. Zenith Radio,
at AZ, dropped points to a new low
for the year. Todd Shipyard, at 611s,
was down 2l2 points.
Interest centered in the initial trad
ing in Goldman Sachs Trading Corpo-
ration capital stock of no par value,
which was admitted to temporary list
ing. The price opened at 1091s for 200
shares. and compared with the offer
ing price of 104 Thereafter the stock
was actively dealt in at 109.
Evening star., 1928-12-10
Baltimore Markets
recial Dispatch to The Star.

srecial Dispatch to The Star.
BALTIMORE, Md, December TO-
Potatoes, white, 100 pounds, 80al15.
Sweet potatoes, barrel l50a2 so; bushel,
50a1.50. YamS, barrel, 150a3.00. Beans,
bushel, 2.50a4.00. Beets, 100, 400a
500. Broccoli, bushel, GOATS. Brussels
sprouts, quart, 10a18 Cabbage, ton,
30.00a45.00. Carrots, 100, 4.00a6.00.
Celery, crate, 15oa3.O0. Cucumbers,
bushel, 3.0Oa5.0O. Eggplants, crate,
500a7.00. Lettuce. hamper, 1.50a2.75.
Onions. 100 pounds. l.25a4.5o; Peas,
buShel, 3.00a4.00. Peppers, crate, 500a
cabbage, bushel, 5Oa1 90. ParsnipS,
basket, 50a60. Spinach, bushel, 35a65.
Oysterplants, 100, 5.0Oa800 Tomatoes,
crate, 2.00a5.00. Turnips. basket 25a
35. Apples, bushel, 75a2.00. Cranber-
ries. \ barrel box. 7.50a975. Grape
fruit, box, 200a400. Oranges, box,
2.50a4.50. Tangerines, u strap, 1.50a
800.
Live Stock Market.
Cattle-Receipts 700 head; fair sup
ply market dull and draggy. Steers.
choice, 1325a1400; good 12.25al300;
medium. 1l,25a12.00; common, 925a
1850; feeders and stockers, 1025a12 so.
Heifers, choice, l1.00al1.50; good, 10.00a
1880; medium, 9.25a9.75; common,
800a9.00; feeders and stockers, 9.25a
1925. Bulls. good to choice, 950a1000
fair to good, 800a9 90; common to med
ium, 6.00a7I0. Cows, good to choice
stable, 8.10a9.00; fair to good, 7.00a8 90;
common to medium, 40Ca6.00.
Sheep and lambs-ReceiptS. 1900
head; moderate supply, market steady
Sheep. 2.00a6.50; lambs, TOO to 1880
Hogs-Racelpts, 1000 head; fair sup
ply market lower; lights, $50; heavies,
92Ga925; medium. 945; roughs, 6.5Oa
$50; light pigs, 750a825; pigs, 9S5;
Western hogs, 10 to 15c higher than
quotations.
Calyes-Receipts 425 head; light sup
ply, market steady; calves, 5.00a17.00; /;
extra, no.
Dairy Markets.
Live poultry-Turkeys pounds, 40a42;
old, 35a40; Spring chickens, 20a30;
Legnorns, 20a26 old hens, 22a28;
Leghorns, 21a22; small and poor, l8a
20; old roosters, 17a18; ducks, 22a25;
small, 1920; geese, 20a25; puinea fowl
each. 4oa85; pigeons, pair, so.
Dressed poultry-rurkcyS pound, 38a
AZ; old, 35a36; young chickens, 30a32
old and mixed, 25a30; old roosters, 18a
20 ducks, 25a28; geese, 22a28.
Eggs-Receipts, 1859 cases; native
and nearby, selected, whites, free cases
dozen, so; firsts, As; current receipts 43
Butter-Good to fancy creamery
pound, 48a54; prints, 54a56; blocks
52a54; ladies, 3sa4O; store packed, 34a
35 process butter, 43a44.
Evening star., 1928-12-10
PLAN STOCK SPLIT-UP.
nisnatch to The Star.

Special Dispatch to The Star.
DANVILLE, Va, December 10.-The
American National Bank is the second
financial institution in this city whose
directors have approved split of the
stock on a ratio of 10 shares to /. The
stockholders meet January to pass on
the question Last week the First Ma
tional Bank directors indorsed and l
stock split
II the American National Banks plan
is carried out, the stock will have a par
value Of $40 and will bring it within
the range of people who have not been
able to make such investments. 1t
means that there will be 10000 shares
in circulation rather than 5000, as at
present.
The stock split innovation is pattern
ed from the policy noted in recent
action by half dozen New York banks.
The American National Bank is also
to change its name to the American
National Bank & Trust Co.
Evening star., 1928-12-10
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 10.-With
Saturdays decline in the stock market
the break in prices which began on
November 80, after the high average of
the year had been established, equals
the only other slump in 1.-THE market
this year-that which occurred last
June.
The force of the selling movement,
however was more violent last week
than it was in June, for 1t TOOK the
market from about the end of May to
the latter part of June to bring about
an average break of nearly 18 points,
whereas since thi decline started on
the last day of November there was an
average loss of approximately II points.
This is explained in two ways First
bv the fact that the general average of
Evening star., 1928-12-10
CHICAGO DAIRY MARKET.

CHICAGO, December 10 CP)-But-
ter, unchanged; receipts, 5000 tubs;
creamery extras, so; standards, 43;
extra firsts, 48l2a49; firsts, 46a47 z
seconds, 43a45.
Eggs-Lower; receipts, 4,482 cases;
extra firsts, 43a44: first, 39a12; ordinary
firsts, 3Oa36; refrigerator extras, 80;
refrigerator firsts, 81.
Foultry-Alive, steady; receipts Z
cars; fowls, 25a251a; Springs, 81;
roosters. 20; turkeys, 25a30; ducks, Tia
"a; geese, %.
Evening star., 1928-12-10
COTTON PRICES DROP
IN EARLY DEALINGS
Selling Movement, Started by U. S.
Crop Report, Is Renewed
Today.
BY the Associated Press.

BY the Associated Press.
NEW YORK, December 10.-A re-
newal Of the selling movement which
developed right after the publication
of the Government crop report on Sat-
urday sent prices on the cotton market
down from unchanged to Is points.
This was promoted by relatively easy
Liverpool cables, but the decline to
1850 for January seemed to bring in
considerable covering or trade buying.
and the market recovered or 10 points
of its losses during the early trading
The bulges, however. met continued
selling from one source or another, and
the market was more or less unsettled
at the end of the first half hour, with
the active months showing net losses of
10 or II points. Private cables said
that heavy general liquidation on the
crop estimate had been absorbed by
Continental and Bombay buying in the
Iivefpool market.
Evening star., 1928-12-10
MARYLAND TOBACCO SALES.

BALTIMORE, December 10 (Spe-
ciaD Both receipts and sales of
Maryland leaf tobacco continue light,
the former totaling only 116 hogsheads
last week with sales OF 149 hogsheads,
leaving stock in State tobacco ware
houses of 16,645 hogsheads.
Demand continues slow, especially
for new crop ground leaves, which are
mostly of inferior color.
Quotations today for Maryland leaf
tobacco per 100 pounds: Inferior, 6O0a
TOO: frosted, 3.0Oa4OO; sound, common
and greenish, 8.00a1500; goos common,
Is .OCa25 90; medium, 26.00a40.00; good
to fine red 41.O0a5000; fancy, 50.00a
81. 90; seconds, common to good COM
mon 6.0Oa15.0O; medium, 1600a23.00;
seconds, good to fine, 2400a35.0o; up
per country, Burley, nominal; ground
leaves, 3.0Oa25 90.
Evening star., 1928-12-10
WESTERN TRADERS HARD HIT
BY BREAK IN STOCK PRICES

stocks on November 80 was about As
points higher than at the end of June,
and second by the number of people
specializing on the last great rise which
has been estimated as at least SO per
cent greater than when the market was
in it's earlier stages
Once more it has been the Western
public that has had to throw over stocks
unless it had the resources to put up
additional capital, The heaviest liqui-
dation of the three days last week came
from the stock exchange houses with
Nationwide wire systems and those
especially active with clients from Chi
cago west to the Pacific Coast. 1t was
this same clientele that was most badly
hurt last Spring. when the market
broke following the collapse in the
Giannini bank and investment trust
securities
Evening star., 1928-12-10
Wolves Kill Man in Poland.

Eastern Poland is alarmed at the
daring of packs of ferocious wolves
which are roaming several districts
Some of the animals are displaying
unusual hardihood, even penetrating
into the villages. One man is reported
to have been attacked and devoured,
and dairymaid who encountered a
pack, but who escaped, was afterward so
overcome with fright that she has been
unable to speak since. A trackwalker
met some wolves on the railway line,
and kept them at bay by flashing his
lantern in their eyes, the animals finally
fleeing at the approach of train.
Attacks from other packs have also been
reported.
Evening star., 1928-12-10
Food
Sours
Sweeten the stonlach-instantly

1t is the quick method. Results
come almost instantly. 1t is the
approved method. You will never
use another when you know.
Be sure to get the genuine Phil
lips Milk of Magnesia prescribed
by physicians for so years in cor
recting excess acids. Csc and SOC
a bottle-any drug store.
milk of MagneSia" has been
The U. S. Registered Trade Mark
Of The Charles H. Phillips Chem
ical Company and its predecessor
Charles H. Phillips since 1875.
Evening star., 1928-12-10

About two hours after eating
many people suffer from sour
stomachs. They call it indiges-
tion. 1t means that the stomach
nerves have been over-stimulated
There is excess acid. The way to
correct it is with an alkali, which
neutralizes many times its volume
in acid.
The right way is Phillips Milk
of Magnesia-just tastelesS dose
in water. It is pleasant, efficient
and harmless. 1t has remained
the standard with physicians in
the so years since it's invention.
Evening star., 1928-12-10
Swallow Oysters to Music.

the famous annual opening of the
oyster season at Colchester England
the bivalves were swallowed to music
this year. To encourage the guests to
do so rhythmically, the mayor of Glou-
chester invited many distinguished mu-
sicians, including Sid Edward Elgar, Sir
Henry Wood, and Sir Hugh Allen, di-
rector of the Royal College of Music
A special train took guests, among them
being the Duke of Marlborough, Lord
Birxenhead, the lord mayor of London
and Signor Marconi, to the rose-decked
tables. The innovation was a success
and will be tried again next year.
Evening star., 1928-12-10
1000 Whales to Be Caught.

Equipped with the latest ideas in
whaling machinery, the whaler Antarc-
tic is on her way from Cardiff, Wales.
for the waters off South Georgia, where
she is expected to capture 1000 whales
this season. They should yield about
10000 barrels Of oil, which alone would
be worth approximately $500, 900. One
landing grating for the big swimmers.
Once harpooned and subdued, the
whales will be hauled by winches into
the steamer up the special slipway just
above the water line. An iron lattice
will be dropped to keep out the waves.
The vessel has % large boilers for the
manufacturing Of oil.
Evening star., 1928-12-10
POTATO MARKET FIRM.

CHICAGO, December 10 (E) Omitted
States Department of Agricultural -
Potatoes-Receipts 81 cars; on track,
269 cars; total U. S. shipments Satur-
day, GIG cars; Sunday, 49 cars: trading
rather slow, market firm on early Ohios,
steady on other stock; Wisconsin sacked
round whites, 85a1 05, few shade higher:
Minnesota and North Dakota sacked
Ohios, 1.05a1.15; Idaho sacked russets,
Ohio's. 1.05a1.15; Idaho sacked russets
1.45a1.75.
Evening star., 1928-12-10
WHEAT Is LOWER
ON INITIAL DEALS
Falling Off in Exports Is Cause
of Slump at Opening of
Market.
BY the Associated Press.

BY the Associated Press.
CHICAGO, December 10.-With ex-
ports of wheat and flour from the
United States and Canada showing a
decided falling-off, wheat prices here
averaged lower early today. Besides the
amount of wheat on ocean passage con-
tinued materially in excess of year
ago. Starting unchanged to lac Off,
Chicago wheat later displayed but lit
tie power to rally. Corn, oats and pro-
visions were also easier, with corn OPEN
ing ia to "a down and subsequently
holding near to the initial range.
Evening star., 1928-12-10
PARIS BOURSE PRICES.

PARIS, December 10 P.-A heavy
tone prevailed on the bourse today.
Three per cent rentes, IS francs; 5
per cent loan, 80 francs 35 centimos.
Exchange on London, 124 francs 1872
centimes. The dollar was quoted at 25
francs 601b centimes.
Evening star., 1928-12-10

Diamond d;ggers in Namaqualand,
South Africa, have denied that stones
are being smuggled. pointing out that
they are not allowed to put their hands
into their pockets during their work.
Evening star., 1928-12-10

Mrs George Watt, who died recently
at Joppa, England, at the age of l0l,
left 80 grandchildren N great-grand-
children and 8 great-great-gra -grandchil-
,dren. 49,.
Evening star., 1928-12-10
U. s. TREASURY RECEIPTS.

Treasury receipts for December Z
were $7,569,079.72; expenditures. $12,-
069, ,440.26; balance, S62.329. 1888.
Evening star., 1928-12-10
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Once
INDUSTRIALs.

Following is a list of stocks and
bonds traded in on the New York Curb
Market today:
The Washington times., 1928-03-07
IRRRY : A Story Of Wild Youth :: By ELENORE MEHFRIN

getting that You two are old
friends.
still. he's not seen my purple
room. You know, Sacks, / wanted
it in black, but Jerry was afraid
that would remind me Of death
and keep me pure like a nun. She
insisted that be saved from such
q fate, and did it in purple. Wasn't
that cunning in her?''
A touch of patronage in Mary's
large friendliness. 1t made Jerry
burn-this kindness OF the victor
to the displaced favorite.
you know, jerry" went ON the
rather obtuse Miss Pennings, at
wish you'd come down to Pebble
Beach some weekend and help us
decide on the details of the manor
house. Join US, won't your"
"All right" said Jerry, wickedly.
''I'll have Sacks run me down any
time you're inclined, Maryl'
/, She glanced into Saxon's eyes
and gave him an appraising.
family derisive smile. He was
very uncomfortable.
Yet she knew that he was think
ing Mary Eunice very sporty while
she, Jerry, was unbending and
subtly cat.like.
CTO Be Continued Tomorrow
The Washington times., 1928-03-07

do I feel so? why do want
him to think I don't give
DAMN"
And 1t was bitterly important
that Jerry should appear beauti.
ful--taunting, indifferent, supreme.
She smiled with faint contempt:
THE woman Of it, Cleopatra! We
can't get away from it, can we?"
Mary Eunice wore emerald
green. The color suited her
Swallowed eyes, her soft brown
hair and skin, the texture OF pale
tan satin. She looked willowy and
attractive sitting there on the
divan with her legs swung back,
half under her, her head lowered.
Saxon spoke to her. A warm,
meditative smile parted her lips.
But she kept her eyes down and
flushed. 1t was very maidenly
and appealing.
And he liked it and gazed at her
warmly.
Jerry saw this as she entered
the room. The divan was nearest
to her. Mary Immediately made
room and began talking in the
most comradely way, clasping her
hand in Jerry's
II was just telling Saxon what
a clever thing you are, jerry, but
he seems to know it. keep for
The Washington times., 1928-03-07

to show him to you. I wanted
to hear what you'd have to say
about him. =
They went out into the soft
spring air, that was just begin
ming to smell OF buds and grow
ing things pushing up out Of the
earth.
And as they stood on the steps.
pulling on their white gloves and
tucking their hand bags under
their arms, Pat France came
cruising along in his cab ana
drew up just ahead Of Sues
plum-colored car.
There he 10 now" cried Lily
quickly and breathlessly. and
Sues dark eyes followed hers to
the place where Pat France was
standing beside his car az he
opened the door for a passenger.
There he Is Suep'
Sues eyes became wide with
arnazement. Not the-taxi MANI"
she asked. you don't mean the
taxi driyer?''
Lily nodded. sue, look at
him!' she said. isn't he nice?
Can't you see that he's an awfully
The Washington times., 1928-03-07

; he was Lily's Unknown Lover, as
she called him. But every time
Lily shook her head and kept
her eyes on the darling traffic Of
AIbermarle Street.
"IlI never stir from this chair
until I see him. Sue declared Mt
half past three. my curiosity
is rampant now, and I'll say
right here until it's satisfied
So they stayed there all the
afternoon, but he did not come.
At 4 o'clock they ordered tea and
sandwiches and little cakes, which
neither OF them wanted or touched.
At half past four Sue suddenly
changed her mind, and said that
she wasn't going TO sit there q
second Ionger-no, not IL Douglas
Fairbanks himself were coming
there for dinner!
"I'm going home," she said.
Jack Eastman and are going
to push over a picture show to-
night, and I must dress and get
a beauty sleep. By.by, darling,
unless you're coming with me.
Lily laid a SIS bill down on the
table to pay for the untasted tea
and the untouched sandwiches.
IL may as well go with you" she
said. indifferently. II only wanted
The Washington times., 1928-03-07

good.looking man there lately.
Tall and blond and foreign look
ing
Lily giggled. mo, he's never
been inside the Park Lane, and
he never will be-unless his piston
ring is a success" she said mys-
teriously, and refused to say an
other word about him.. although
Sue did her best to pump" her
all the rest of the way home.
The next day the orange-colored
taxicab was not in Albermarle
street when Sues little plum-col-
ored coupe turned into it and
parked before the Park Lane res
taurant.
1t was not there at half past
two when they finished their cof-
fee and cigarets, sitting at a
little table in the window Of the
big, brightly lighted room, with
its fashionabIy-dr women and
we'll groomed men, with its cum
ming flappers in tiny hats and
makeup, with its candles gleam-
ing on the little tables, and its
orchestra hidden behind the
massed palms on a gilt.and-cream
balcony.
Every time . man came into
the place Sue wanted to know IL
The Washington times., 1928-03-07

A year ago they bloomed and
faded just like this. And q year
ago one Sunday Jerry stood here
at Marza's porch garden, waiting
with jangling nerves for . tele-
phone to ring
That was the time, her mind
told her quietly, without evasion,
they had reached the parting. And
she waited for him to come; with
the sweep of his arms and the
touch of his lips annihilate the
bitter fact.
party at Phil Cowper's country
place.
Tonight Phil was giving din.
ner. 1t would be different from
dinners at the week-ends-quit
different. Yvonne Potter, Phil's
bride, would adroitly see to this.
All that last summer Yvonne
had graciously and with q large
smile attended those week-ends.
She tuned her tolerance so well
that Phil eagerly and believing
himself the courtier plunged into
marriage.
Then Yvonne began to tighten
the reins. They got off to a bad
start with a wedding where even
Sylvia, so they said, became
mildly lit. But the wet summer
was followed by a very dry win.
ter. as Phil sheepishly told Inga.
Yvonne scratched various boot
leggers from her 6 o'clock calling
list. She RELOCATED Ora Pringle,
Jessie Reinach, Bud Malone and
half "a dozen other ladies and
gentlemen of easy acquiescence
to a bowling distance. The re-
forming of Phil went ahead
feminine1y and trium phantly.
Yvonne spent Pills income,
compelled him to earn more, and
saYed him from the ruin his ill.,
timed legacy had started. He was
happy.
Jerry was going to this dinner
She began to dress. Its lucky
Maria and 1 can wear the same
clothes,' she thought, slipping
the crimson seuuins over her
head. "Wardrobe's getting tacky.
And I'm glad look flashly in
redn'
She observed with quickened
pulse the shadowy purple fire in
her eyes, the reckless taunt Of her
young, passionate mouth. Just
how she wanted to look-high and
go-to-the-devil-you!
Just how she wanted Saxon
Rhodes to see her-always. why
The Washington times., 1928-03-07

make the most Of tears while
you may
Stephanie regarded her with
bright, solemn eyes: You didn't
love him! You'd be one vast, suf-
fering ache for all. your .phnos-.
ophy if you did! Could all the
cold reason in the world have
soothed Marza's pain? Could you
rationalize the tragedy out of
Stephens death?
'Jerry-you didn't love himr''
Stephanie had her small hand
tangled in the top-knot of Jerry's
! hair.
What do you know OF love.
stepaanie?" said Jerry suddenly
and flinging her head back to