davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
STOCKS IRREGULAR.
in LIVELY SESSION.
Trading Heavy for Midsum-
mer-Profit- aking In
CreaSeS Sales.
BY the Associated Press.

by the ASSDCiabcd Press,
NEW YORK, August 1.-THE stock
market opened irregular today. rallied
risky under the leadership of the steel
shares and then turned irregular again
under the weight of heavy week end
prof1t-taking. Despite the absence Of
many traders and investors on Summer
holidays. trading was fairly heavy for
a Midsummer half holiday session.
Favorable trade news temporarily
offset the unfavorable impression
created by the stiffening Of money
rates earlier in the week. Weekly
mercantile and trade reviews were gen.
orally optimistic in tone and stressed
the unusual August expansion in sew
eral Of the basic industries The F. w.
Dodge Corporation reported a record
breaking volume of new construction IN
81 States east Of the Rocky Mountains
in July,
Steel Common Gains.
The heavy accumulation of United
States Steel common was based on i'm
proving trade conditions, and uncon-
firmed rumors that stock split-up was
likely later in the year The rise in
Steel common also was linked with
Secretary Hoover's acceptance speech,
probably on the theory that the Re-
publican candidates address would
be satisfactory to business The So
called independent steels also we're in
good demand. Bethlehem. Republic and
Vanadium all showing substantial
gains.
The demand for the baking shares
was influenced in part by expectations
that the recent decline in wheat
prices would result in higher earnings
for those companies. Loose Wiles and
National Biscuit each ran up about
4 points. although the latter lost half
of its gain, and United Biscuit moved
into new high ground Purity Baking
was another strong spot.
Chrysler ran into some selling after
yesterdays spirited advance, closing
2l2 points lower at 9212. General
Motors showed a fractional decline at
1929. Packard and Studebaker moved
higher With the exception of a
point gain in Houston, the oils showed
little change. Amusement shares re-
ceived little support. Fisk rubber pre-
ferred issues again touched new low
levels for the year.
Rails were rather colorless. st.
Louis Southwestern, which showed in
dependent strength earlier in the week,
lost point on realizing Southern
Railway advanced more than points
on a small turn over.
Foreign Exchanges.
Cotton again ran into selling pres
sure. losing 81 so to 50 a bale Estab-
lishment Of new low level for the
year by japanese yen below As cents
featured the irregular foreign ex-
change market Sterling cable we're
slightly easier around S4.85 7-f6.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
WHEAT SHOWS LOSS
IN WEEKS TRADING
Market Rallies Somewhat Near
Close Yesterday on Bullish
Canadian Report.

Special Dispatch TO The Star
CHICAGO. August 1.-THE wheat
market rallied today after an easier
start. largely because of tho disposition
Of shorts TO cover They feared the
Canadian crop report and after Its is
suance 1t was construed as bullish The
report made the condition Of Spring
wheat J. OF against l.03 year ago. and
on this basis the yield figured at be-
tween 49l 100000 and $4,000 900
bushels.
The Winter wheat crop was estimated
at III 400 900 bushels. against 22.20Q 900
the crop to be as high as $50 600 900
bushels. Closing prices were a. to a.
higher and for the week. 6ia To saS
lower. September, 1885, al 09ss: De-
cember. l.14i2al ,l4o4 March. l,lsia
For the week grain prices were lower,
with wheat down to the low point in
four years, on liquidation prompted by
the bearish Government crop report
Liverpool closed 2t2 70 27s lower
today on selling in anticipation of
beariSh Canadian report. Weather
continues warm over the Canadian belt
and the crop Is maturing rapidly The
Winnipeg Free Press says the harvest
will be general in Manitoba August 10
ana IN SASKATCHEWAN and Alberta
August IS
Corn was irregular There was lioui-
dating pressure on September because
receipts, although light, exceeded ship
ments, but there WAS good buying of de-
ferred futures partly by export houses
The close was a. lower to la higher.
and for the week asa TO 81 lower
September. a., a883a December. 73Isa
1874 March. "a 4a74aa.
Shipping sales were 80 900 bushels
Oats were flrmer on buying credited
TO export houses. Shipping sales we're
100000 bushels, The close was t,aaa
higher, and for the week, iRaisa lower
September. 37asa37is December. 40sa,
March, AZ
Provisions we're higher on buying
foreign account. Lard closed t7i3 10
20 higher, ribs, 10 higher bellies. un~
changed 70 a. higher.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
BOND PRICES EASY:
TRADING IRREGULAR
u. S. Issues Resist Down.
ward Trend. Except in
Case of Liberty 3 LIS

~ the Associated Press.
NEW YORK, August 1.-THE bond
market continued irregular and easy to-
Gay. under the influence Of firming
money rates, Time money at 81, per
cent was the chief influence toward
heuidstion
United States Government issues re-
sisted the downward trend in moderate
trading. holding at Yesterdays quota
tons save for liberty 3i2S. which drop
ped 10 oaIs a new low for IN yeesr
ST. Paul SIS were the outstanding
strong point in The irregular reil group
advancing nearly point in good de-
niSnd. Missouri Pacific IS and Frisco
4is showed Slisht improve nent. and
New York Central issues made fair
gains IN light trading Sesoosrd Afr
line IS rallied from A half-point decline
and closed UNCHANGED.
Chicago &Erie first SIS and Chica-
80 & Northwestern Abs dropped is
points each in a few sales Chesapeake
Corporation SIS and Union Pacific As
eaSeG
OILS were flrmer. Humble 5i2s
Phillips Petroleum Si2s and Sinclair
IS making small gains Standard Of New
JereSy SIS. however. were under pressure.
In6ustrislS were quiet and inclined 10
hesviuesS Certain-tee6 Sl,s dropped
u, points then rallied a point, making
= half point loss American Telephone
{. Telegraph IS were under pressure.
The foreign list was also inclined 10
heavjnesS. Republic Of Poland SIS and
Toxic Electric Light SIS sagging.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
MARYLAND UTILITIES
MAKING GOOD SH0WINGS

BALTIMORE. August il.~-PubliC
utilities operating in MARYLAND continue
to make good showings, the latest being
the Eastern Shore = Public Service Co.
and its subsidiaries which report gross
operative revenue for the three months
ended June 80, 1928. of s3840S0 as
against sSSSsls for the corresponding
period ot 1927
Net income for the second quarter of
1928. after charges for taxes, interest
and provision for retirementS. aggre-
gated STA. 42b. as compared with SAT. 730
in the period Of 1927.
Gross operating revenue for the L
months ended June 30. 1928, totaled
81 $50 Cts. against 81 sos 0oi in the pre-
ceding IL months Net income for the
l2 months to June 30, 1879. was s3Sl, :
a94 after charges for taxes, interest
and provision for retircmentS, as
against sl64.594 in the preceding IL
months
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
900, 900 Plant Started

BALTIMORE. August IL tSpeeial .---
Work preliminary tn the construction
~ the al 0000 plant Of the Astatic
Petroleum Co subsidiary of the ROYAL
Dutch Shell Syndicate, was started this
week,
The site has A frontage of 1900 feet
on the ratapsco River and covers about
40 acres. The syndicate controls oil
fields IN America. Runania Russia,
Egypt. Venezuela and Mexico.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
Simms Petroleum Earnings,

NEW YORK. August IL tP.--Net
earnings of SimmS Petroleum for tn"
half year. before charges, we're Si,AlS,-
lO4, against 81 .6S4 946 in the firSt half
of 1927 After deduction for interest.
taxes. drilling costs and other charges.
there was deficit OF S209,sA2 for the
half year All bank loans were liqui-
dated IN the second quarter Book value
OF net quick assets increased $3.50 obs
and on June 30. amounted 10 81 AN2 sss
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
AMERICAN EXPORT
TRADE SHOWS GAIN
U. S. Figures for June Indi-
cate Wide Distribution
of Products.

BY the Associated PreSs.
Increases in American export trade
for June were distributed over all parts
of the world The Commerce Depart
ment in making public trade figures as
to trade sources and destinations yes
terday. found that during the month the
total of American exports going 10 al
most every quarter of the globe was
above that for the same month last
year.
The only significant decline illustrated
by the monthly figures was related to
the price fall in single commodity
rubber. the effect of which was to cause
a 500, 900 900 reduction in American i'm
ports from Asia.
Trade for June. compared with the
same month last year by principal geo.
graphical divisions of the world, was as
c1J1z
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
Pullman Earnings.

NEW YORK. August II tP)-Net
income of Pullman. Inc. for the half
year was s6.340. 500 equal to s137 2
share Second quarter net income was
S3.777.450 equal TO Sill share on
$685. 900 no-par shares that will b
outstanding when all Of the si00par
Pullman Co. stock has been exchanged
for stock of Pullman, Inc First quarter
earnings were equal to rs cents a share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
ny I. A. FLEMING.

That the Washington Railway e.
Electric Co. has not asked for increased
fares. as the Capital Traction Co. did,
is due entirely to the fact that it has
the net earnings of the Potomac Elcc-
trio Co. with which to swell its receipts
from transportation.
otherwise IT. would be even worse off
than It's sister system for 1t could not
even pay it's s per cent dividends and
the Capital Traction came close to
earning it's distribution in 1927, falling
short but 10 per cent.
II is almost a practical certainty that
the Capital Traction Co viii be given
some advance in charges. The highest
courts have given legal backing to the
rights o! corporations to a charge Tor
service that will net a return on prop
erty investment equal to per cent. 1t
uses power from its own plant, has
small bonded debt and has always been
ably and carefully conducted.
The worst that could happen under
present circumstances would be a cut
in the dividend. probably not more than
| per cent
Company Statistics.
The company holds 1894 900 of its
S6 0O0 900 in It's treasury and at the
close of 1927 had A surplus Of 81 ,227 ,304
In 1927 the Washington Railway IL
Electric CO. earned 30 cents share on
It's stock. but had a surplus OF s. TUB
1853, evidently part of profits of the cleo
tvic company.
n the merger had gone through
what could the united company pay IN
dividends without the Pepco earnings?
The Potomac Electric has $4,000
prefcrred stock outstanding, S2ooou
authorized and $6.000000 common. all
of the latter owned by the washington
Railway 81 Electric Co. II practically
controls electric service In and around
the District of Columbia, and mas ire
ouently reduced service charges OF lgS
own volition. It's net earnings IN 1879
were Sal 80 = share and in 1927, $4203
Incidentally at the close Of the last year
the surplus of the corporation was
AZ. e0i $50 Its common stock is under
Railway As.
Serious Competition.
Street railway corporations are meet
ing with the most serious competition
in these days of the automobile age, nor
is there any promise Of lessenng OF
The number Of private automobiles. IN
this. as in other cities, the used or
rather the hard used automobiles is
one of the most serious Troubles the
street railway companies have to con-
tend with.
Around every building IN process Of
erection one will find these cars grouped
in number, depending on the size of the
structure. Every secondhand machine
carries load of workers-round-tr "trip
pers at that.
1t looks very much as If higher fares
were due. still higher II the competition
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
CONSTRUCTION RECORD.
Dodge Corporation Reports Highesf
Figure for July.

NEW YORK, August II TH-July
construction contracts in 81 States east
of the Rocky Mountains reached sb83. =
1872 400, highest for any July r. w
Dodge Corporation reports, The total
was 10 per cent less than In June
New building and engineering work
for seven months this year was new
high record Of $4028.299 900, an in
crease of 8 per cent over the same pc
riOd Of 1927
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
Declares Dividend.

NEW YORK, August II (Il,-Ontario
Manufacturing Co makers Of silver
plated ware, declared initial quarterly
dividends Of Is cents share on the
common stock and ST Is share on the
preferred. both payable October / Ia
holders of record Sentemher Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12

Exports to Great Britain for June
we're Ss2,170.199, against s56,l03,194
last year. while imports from Great
Britain were S27,853,145, against s2s,-
500 sac. To Germany exports were
s9a asa sa1 against s29,940.813 last
YEAR. imports we're s15.787, 995, against
S14152 ola. Exports to France were
skill 500 for June. against S14,906,759
last year and imports were sll,926'4Oo'
against Sl2,907,78l.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
POTOMAC ELECTRIC EARNINGS
ARE ASSET TO CAR COMPANY
w. R. e. E. Has Not Asked for Increased
Fare Because of Power Firm Receipts.
Statistics Given.

continues to increase in the same ratio
as in recent years.
There is one possible, almost probable.
salvation for the street railways depend
ent on their own earnings for dividends.
and that will come when parking in
the downtown section during business
hours has been forbidden.
Many owners of cars use the street
cars at night now rather than search
for fractions of an hour trying to find
parking space and then being forced
to walk, often under unpleasant weather
conditions, for considerable distances
after theater or movies are over.
The Washington Rapid Transit Co.
hasn't earned anything on its stock for
10 months ended June 30 Of this year.
For the first five months of this year
Capital Traction earnings were $4,000
less than the earnings. net, for five
months in 1927. The company earned
500 per cent in 1927, as against $50
per cent in 1926 and est in 1925.
Washington Gas Co.
This has long been one of the
modest. retiring utility corporations
not making much fuss, but going on in
its own way building up a good business
that will one day bring to its stock
holders a satisfying reward
There have been two big spurtS In
gas shares. in 1912. and the one that
seems to be spent right now, that car
ried 1t to 90 share.
The first squirt was founded on air.
the last on splendid earnings fat sur
plus and better than fair chance Of
an increase in cost Of service to the
public
II has been very generally conceded
that. unless the unexpected happens.
coal gas will be the chief fuel for cook
ing purposes,
Last year the Washington Gas Co.
earned $537 share net; in 1926. the
per share net was SCOT, while for the
first five months Of this year S479, 500
was earned net, indicating net for the
year of 100000. at least.
At the close Of 1927 the companv's
surplus was S7S47.192.
The capital s2.600.000, par value is
500. the same As in 1919. Congress hav-
ing refused to permit increase
The company also owns the entire
capital stock Of the Georgetown Gas
Co. now rapidly expanding with the
development of the Northwest and West
Of Rock Creek. 1t also serves Maryland
and Virginia. nearby.
An advance in price would enable The
company to pay much larger distribu-
ton in dividends,
VIII BE Important.
The next few years will be important
in the development of the public utili-
ties of Washington in the outcome Of
efforts toward street railways merger
and increased prices for services rem
dered.
Note-Ful credit is given TO Wash
ington Securities by Y, E. Booker &
Co, for statistics used in this article
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
COMPANY Renorts Loss.

NEW YORK, August II iPl,~Pan-
handle Producing A. Refining had net
loss of $64,l5S for the first half OF 1923.
against net loss Of S2s0o83 in the frst
half OF 1927.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
CANADIAN WHEAT YIELD.

OTTAWA August II (H').~~The yield
Of Fall wheat was estimated at II ,44S, =
900 bushels. as against 22226 900 last
year, in report issued today by the
Bureau of Statistics
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-12
Worth. Inc. Sales.

NEW YORK. August II fAA -~Sslfs 81
worth. Ine.. for ak months ended Jui}
81. increased 70 A20734ss from a1fe,'
csc In We previous corresponding
ker!ods
Evening star., 1928-12-30

here before being exported with benefit
of drawback
Changes will be sought by various
interests also In the country of -ofigin
markings section, which requires that
imported goods be marked with the
name of the country where produced.
Organized labor, and many manufac-
turers, are particularly eager to have
this section retained and strengthened,
and opposite views will be presented by
others.
Various changes In the flexible tariff
provisions. by which rates may be
changed without congressional action,
will be sought.
One of the outstanding battles in this
forthcoming revision Of the tariff prom
ises to be fundamental one involv-
ing the basis of assessing duties where
ad valorem rates are provided. The
present law, with a few rare exceptions.
bases ad valorem rates on foreign value
of the merchandise. Proposals to
change this to the value of similar
domestic goods. sold In the home mar
ket, or the value of similar imported
goods sold here, will be made. A
change to either of the last two plans
would do away with the irritation
caused in some foreign countries by
the activities of United States customs
agents in inquiring into values there.
But similar change was proposed for
the 1922 act, but was rejected by the
Senate after the House had accepted 1t.
lCopyyishts le7e.t
Evening star., 1928-12-30
EVERYDAY RELIGION
BY THE RIGHT REV. JAMES E. FREEMAN, D. D., H. D,
Bishop OF Washington

appeal to us because our seeing and
hearing of some poor exemplar creates
in us a prejudice and biases our opinion.
The greatest liability that we carry is
what we hold of our preconceived no
tions of life's values. I mean the values
of men and things. If we could do with
our minds what we do with our ac-
counts at the beginning of new year
namely, start with fresh book-what
a different world this would be.
I have just laid aside my diary for
the past year, and I am beginning the
clean pages of new diary. The old
one tells the story of activities and in
terests that are now a matter of his
tory, the new one lies open before me
beckoning me on to new endeavors
and increasing service. There are many
incidents and events in the old that
I do not care to remember, there have
been many happenings registered in
the past year that 1t were we'll to for
get. Shall I cumber the pages of the
new with the liabilities of the old?
Shall I make my plans for future days
governed solely by what I have ex-
perienced of disappointment or failure
in the past? Shall / view the future
with an eye that has been accustomed
to being critical. or an ear that has
been accustomed to being skeptical?
Surely not If expect to make progress.
Memory is one of our finest faculties,
but If memory is simply the means OF
stirring UP old prejudices and conceits,
If 1t recalls the worst and forgets the
best, If it fixes the future by a retro
spect of the. past, then it is a liability
and not an asset. A great preacher
once delivered sermon on the theme,
Progress Through Oblivion of the
Past" His text was. Forgetting the
Things That Are Behind, and Reaching
Forth Unto the Things That Are
Before" 1t had in it a great appeal,
it was the appeal of hopeful expectant
living 1t is the kind of appeal we
need as we face the new year. Let us
enter these new days praying that God
may clarity our vision, rendering us
more responsive to that which is noble
and of good report; yes, let us enter
them hoping that He will make our
hearing more discriminating and our
judgment more kindly, enter them be-
lieving and expecting that they are to
furnish fresh revelations not only of
His goodness and mercy but fresh
revelations of the finer impulses and
motives that govern those with whom
we have to do. and better under
standing of life's purpose which is
growth and enrichment in the fine
things of character.
Evening star., 1928-12-30
The Wild Boy.

More than one hundred thousand
persons have visited the three-year-
old gorilla at the Washington Zoo in
the past ten days.
They are witnessing something which
few of them ever have seen before or
are likely to see again. The most man
like of dumb creatures seldom Is cap
tured alive. Ordinarily 1t does not live
in captivity-although there Is reason
to hope that the little fellow now in
Washington may prove a notable ex-
ception to this rule.
In amy private exhibit where admis-
sion could be charged, N'gi would have
more than paid for himself In the past
ten DAYS. At the National Zoo the ex-
ceptional crowds which have fiocked to
his cage merely have caused an addi-
tional strain on the slender resources
of the institution. But there Is every
reason to believe that he will pay for
himself in another way--in the un-
rivaled opportunity for psychologists,
anthropologists and biologists to study
him.
The superficial observer, who has
been regaled with tales of the manllke
behavior OF the gorilla, may be disap-
pointed in watching this animal. On
the surface he looks and acts very much
like a nondescript black monkey. 1t
! would be easy enough to dress him up
and teach him tricks SO that he would
look more like a little black boy. He has
not been taught any tricks and DR..
William M. Mann Zoo director, does not
| intend to teach him any. Once he be-
gan to behave like man Instead OF
gorilla much of his scientific value
would be lost-and very likely his life
wodld be shortened. He might be made
better entertainer-but the function
of the National Zoo is to provide edu-
cation and not entertainment. It Is a
public school, not circus.
N'gi is not little boy. He Is little
gorilla and DR.. Mann wants him to
act like little gorilla.
|. In order to differentiate the ordinary
behavior of N'gi from monkey and
discern those ways Ia which 1t ap'
Evening star., 1928-12-30
Hoover Will Make Own Plans
In Studious and Quiet Way

name at all to the Senate for the posi-
ton of Secretary of the Treasury.
If this contention is correct, there
can be no Democratic and insurgent
Republican attack upon the confirma-
ton of Mr. Mellon as Secretary of the
Treasury in the Senate; because no con-
firmation, If Mr.. Hoover wishes to con-
tinue Mr.. Mellon as Secretary of the
Treasury, will be needed.
The same legal situation, on the sur
face of the statutes, seems to exist re-
garding all other places in the cabinet,
except that of the Postmaster General
The conclusion would be that Mr.. Hoo
yer does not have to be in any precip-
itate hurry about cabinet appointments.
Even, however, If he should want to
make them all before March 4, he has
plenty of time ahead of him, and he is
normally accustomed to taking all the
time that the law allows. 1t Is ade-
quately known that he had distributed
no cabinet posts when he left Cali
fornia for Latin America. 1t is wholly
out of harmony with his character that
he should have distributed many of
them. since by open throbs of public
ether waves, even in code from the top
of the Andes. Hoover likes personal
private conference and he is not given
to tipping his hand hurriedly or in the
middle of game.
(Copyright, 1928)