davidaulloa/AmericanStories huggingface dataset:
Evening star., 1928-05-31
BULLS ARE SCARCE
IN BOND MARKET
Difficulty Being Found in
Finding Buyers for Blocks
of Best Issues.
By CHARLES r. SPEARE.

sPecial Dispatch to The star.
NEW YORK, May 3l.--The real con.
dition of the bond market is indicated
more by what is taking place ''over the
counter" than on the Stock Exchange
Transactions in high-grade issues on
the board are small compared with
those being made outside. where much
dificulty is being experienced in find
ing buyers for substantial blocks.
This Is not only the case with rail-
road bonds. but with railroad equip
ment trust certificates. public utilities
and with q. S. Government bonds and
notes. Some Of these markets are shot
to pieces" They are affected by the
high money rates as well as by the un-
digested volume of new issues that IN
numerous instances have already work.
ed down below the level at which they
were purchased by the underwriters
from the corporation borrower.
Equipment Trust Bonds.
One extremely weak section of this
market is that dealing in equipment
trust certificates. Only small amount
Of the recently offered issues has been
sold One dealer today had nearly
3.7O0, 600 Southern Railway Is on his
list at prices considerably below those
originally offered. but still is to IL
point in Yield higher than those at
which other Southern Railway equip
ments could be purchased In the past
two months the equipment market has
declined the equivalent OF y point In
yield, which represents the extreme re-
adjustment that has taken place be-
tween bond prices and money rates.
Today time money advanced above 5lz
per cent
The speculative feature of the days
trading was Dodge IS, which advanced
points TO 80 at the opening declined
points and rallied again. On Tues
day morning these bonds were selling
them was inclined 10 be grouchy about
them Being assumed by the Chrysler
interests. they have taken an entirely
different status.
They may be redeemable on any in
tereSt Gate at ITO for the next two
years, and thereafter at a decreasing
price of per cent per annum- The
range since they were issued and before
the announcement merger. was from
100 In 1925. when the conversion into
class A" stock was taking place. down
to e2sz last year, when the earnings
Of the company suggested difficulty In
maintaining the dividend rate On the
preferred stock
Pieree-ArroW ss Rise.
0fhEr Etrpng Industrial issues today
were Pierce-Arrow es, which moved
I'd On runaorS of another motor merger.
Andes Copper and Anaconda Copper
Is. Beet Sugar &c, Hudson Coal Sc,
Armour & Co. ass and Remington
Rand SIS. Goodyear SIS and u. s.
Rubber IS we're both heavy.
- the foreign list fractional de-
citnes occurred In Italian, French, Bra
zlian, Peruvian and Belgian issues,
vita little stea6ier market In the
japanese obligations IN anticipation Of
the large Toxic Electric Co. loan TO
Be cos1szuana1te6 next week Another
German agricultural loan, amounting
70 t2SO00lO0o. VIII be offered to-
moErpw.
Evening star., 1928-05-31
COTTON HAS DECLINE
ON WEATHER NEWS
Easing at Liverpool Another Factor
in Downturn on New York
Exchange.
By the Associated Press.

By the Associated Press.
NEW YORK. May 31-The cotton
market opened steady today at a decline
Of to IL points under selling infu-
enced by a favorable view Of over
holiday weather reports from the South
Liverpool was relatively steady early,
but eased later, and the local decline
extended to 20.50 for October, or about
is to 10 points below Tuesdays closing
quotations.
Some trade buying was reported at
this figure, and there were rallies Of a
few points from the lowest toward the
end Of the first hour.
Private cables said that continental
and Bombay selling had been absorbed
by covering in a narrow, featureless
market at Liverpool.
Evening star., 1928-05-31
WOOL QUOTATIONS,

BOSTON, May 81 Especially Sales
Of good strictly combing three-eighths
blood territory woods. to be graded out
Of future receipts, were reported in the
Boston wool market today at LOCAL 10,
while average combfng moved at 105a
lot. The lots contain very little
clothing length staple. which sold re-
Gently at 1,00a1.03. Fine territory was
quoted at 1.18a1.20 clean basis, French
combing at 1.Ioal IL, half blood at l.0Sa
and quarter blood at LOCAL .02. Fine
Ohio heeces were quoted at 49a50
grease basis, half blood at 51a52, three
eighths blood at 54a56 and quarter
blood at 54a55.
Evening star., 1928-05-31
BUTTER rs LOWER.

CHICAGO, May 81 Up.-Butter low
er; receipts, 1890 tubs: creamery ex-
tras. 4234; standards, 4234; extra firsts.
81; ordinary firsts. 25tsa26: storage
packed extras. 80; flrsts, 1914.
Evening star., 1928-05-31
BONDS ARE CALLED.

NEW YORK, Aay 81 CF9.-Eouthern
California Edison Co has called for re-
denptton On August / al the 9i0,225,-
COO general and refundfng mortgage
81 per cent bcudg. due February, 1874,
st los and accrue1 interest.
Evening star., 1928-05-31
D. & z. HAS DEFICIT,

NEW YORK, May 81 C1.-The Della
wzre Il HUDSON Co. had q deAcft Of
1i7t,&SS for the first quarter, against .
de1ck of t7c0,556 in the same period
12ss year.
Evening star., 1928-05-31
PROFIT rs SMALLER.

NEW YORK, May 81 Op).--Mountain
ProducerS' Corporation and subsidiaries
report profit Of S3,391 .986 for 1927, after
royalties and expenses. but before de-
pietion and Federal taxes, against S.
1856 in 1926.
Evening star., 1928-05-31
PRICES STEEL HIGHER.

NEW YORK. May 81 Op.-Carnegie
Steel Co., subsidiary of U. S. Steel, has
priced bars. shapes and plates at 100
cents a pound for third quarter deliy-
cry, an advance of 81 ton over pre-
vaiiing quotations.
Evening star., 1928-05-31
PRODUCE EXCHANGE.

NEW YORK, May 81 up. - Flour
easy; Spring patents, 7.75a8.25; soft
Winter straights. 7.90a8.25; hard Win
ter straights, 7.50a790. Rye weak: No
2 Western, 1884 fob. New York and
1877 elf export. Other articles un-
changed.
Evening star., 1928-05-31
ALABAMA POWER PROFIT.

NEW YORK, May 81 on. ).--Proft OF
the Alabama Power Co. and subsidiaries
for 1927 moved up 10 $4,969. .956, before
Federal taxes, from $4,125,875 the year
before.
Evening star., 1928-05-31
COTTON GOODS EASIER.

NEW YORK, May 81 tspeciaD Got
ton goods markets were slow and some-
what easier today, Print cloth quota
ti0ns were down II of cent al 7M for
G4x60s and 81 for GsxT2s. Raw silks
sold on 10 IN a slow market, with grand
XIX grade quoted at 6.i0.
Evening star., 1928-05-31
POWER OUTPUT GAINS

NEW YORK, May 81 CrD.-Electric
output Of the American Gas g. Elec-
trio Co. for the week ended May 26
was 6O,232,702 kilowatt hours, gain
Of per cent over year ago.
Evening star., 1928-05-31
RUBBER DECLINES.

NEW YORK, May 81 Especially -
Crude rubber. smoked ribbed sheets, de-
clined 4 of cent at today'S noon quo
tation of 1873. This compares with IL
a month ago and IL year ago.
Evening star., 1928-05-31
BOARD REELEcTEn.

NEW YORK. Hay 81 1.-Dsrectors
Of the Standard Oh Co. Of New YORK
hzFE been reelected.
Evening star., 1928-05-31
INVESTMENT TRUSTS

NEW YORK. May 51,-FolIowtng are
t0dzy's bid and asked quotations on se-
e1TE8e@ cf investment trusts. holding
and finance companies and insurance
f31wnxzrseNs
Evening star., 1928-05-31
Washington Stock Exchange

SALES.
Washington Gas SIS Al, 900 ~
l06, 81 900 at l06.
Washington Gas IS "B"-s2,oo0 at
l077s.
Washington Rwy. & Elec. 4s-$3 900 at
9312, $500 at 93la, $1,000 at s3ha,
S2,5O0 at 93I2.
Capital Traction Cos at 10834. II at
i08%, 5 at I08A, 4 at 10894, 10 at
l09, S at 10SA, 10 at 100.
Potomac Electric 81 pfd.--5 at lll1z,
Potomac Electric 5la% pfd--lo at
Washington Rwy. & Elec. pfd.--io at
Riggs National Bank at $50.
Tanston Monotype-20 at ll5l2.
Mergenthaler Linotype-io at l02h, 2
at 1924.
AFTER CALL.
Potomac Electric 5l29s pfd.--5 at 107A.
washington Gas 6s "A"-S30O at 1882,
500 at lo3l2.
washington Gas 6s B-$500 at i017s.
Potomac Electric Cons. $4,000 at
l04.
washington Gas ss 1850 at lo5s4,
$500 at l05A.
Columbia sand & Gravel pfd.---5 at 90.
Chesapeake a. Potomac TEL $4,000
UNLISTED DEPT.
Chaplin Sacks go pfd.-5 at 10TH.
Money--Call loans, s and 8 per cent.
Evening star., 1928-05-31
NEW YORK CURB MARKET
Received BY Private Wire Direct to The Star Oaace

Following Is o list Of stocks and
bonds traded In on the New York Curb
Market today:
Evening star., 1928-05-31
SILVER QUOTATIONS.

NEW YORK, May 81 Tn Bar silver,
e0N: Mexican dollars, 4es4.
The border vidette., 1928-12-08
RECKLESS AUTO DRIVERS
(Patagonian)

There is much reckless driv.
ing of automobiles by incompe.
tent and irresponsible drivers on
the highways surrounding Pata.
gonia. Many of the cars driven
by these persons are either with.
out licenses or have foreign
states plates that should have
been discarded for Arizona Ii
censes long ago. Officers of the
law should see that every driver
of an automobile is legally en-
titled to operate car.
Many avoidable accidents oc
cur almost daily, and q majority
of them are caused by these
reckless and incompetent driv,
ers.
A COLLISION that occurred on
the Pataeonia-Harshaw road
Monday morning was the result
of driver not using any judg.
ment in driving into the suns
glare, according to his own ad.
mission. While going toward
Harshaw about 8 o'clock in the
morning be drove against the
sun. But instead of slowing his
car down and leaning over the
side to see that the road was
clear and safe, he made desh
across the road at full speed aud
struck a car that had stopped on
the extreme right hand side of
the road to give him all the room
possible. He struck the stand.
ing car at full speed, knocking
it off the road and wrecking it as
we'll as hie own. Had it not been
that the car that was thrown
from the road landed against a
tree when it left the road, the
driver might have been killed.
AS it happened none of the oc
cupants of either car was injured
| All drivers should be compel
led to take out liability insur.
ance to protect themselves as
we'll as their victims against the
dangers from collision. If they
cannot, or will not, pay for the
damage they ere responsible for
they should not be permitted to
drive a car to the peril of every
one on the public highways.
We are in favor of compulsory
liza bility insurance for every au
tomobile driver.
The border vidette., 1928-12-08
PREVENT HOLIDAY FIRES

How terrible it is to read news
paper accounts of fires at Christ.
mas time. This is the happiest
season of the year, especially for
children, but fires often bring
suffering and death, creating q
roaring furnace of flames where
but q short time before had been
a joyous home.
Y Yet simple precautions will
prevent holiday fires.
When using q candle in your
window, be sure it is an electric
one, properly wired, as they are
generally safe.
If you have q Christmas tree,
set it up securely so it cannot
topple over. Don't place it near
heating or lighting fixtures.
For trimming the tree use only
noncom bustible materials such
as metal tinsel, fake asbestos
and powdered mica for snow eff.
fects.
For Illuminating the tree,
lighted candles should never be
used. Properly installed cleo
trio lights are safer and give q
colorful effect, but safest of all
is colored spotlight focused on
Fthe tree.
Again it is necessary to caution
smokers to be careful with their
matches and smoking materials
near trees and decorations. Ol
course, keep matches out of the
reach of small children.-The
Manufacturer.
The border vidette., 1928-12-08
standing position of honor.

standing position of honor.
Every year sees thousands Of
miles of poor, unserviceably roads
made into broad highways. and
new areas opened to industry
and pleasure through the medi-
um Of these transportation art.
cries. Even the Nogales-Tnc.
son highway is fast becoming an
almost first class route.
It has been said that road ex.
penditures during the present
year average over Sill for each
man, woman and child in the
United States, reaching the tre.
mendous total of $1,000, ,026. 900.
Money wisely expended for ap.
proved types of pavements or
oiled roads where practical, is
soon returned in increased busi.
ness for towns and cities, in.
creased land values. and increas.
ed freight tonnage for the rail.
roads. -Nogales Herald.
The border vidette., 1928-12-08
USE ARIZONA PRODUCTS

Douglas.-Purchases of Ari
zona products by the Phelps
Dodge corporations this year are
maintaining q rate far in excess
of all previous years, it is indi
Gated by a comparative state
ment which has been prepared
for the Trade at Home-Use
Arizona Products" sponsored by
the Arizona Industrial Congress
and allied organizations.
During July, August and Sep
tember, the statement shows,
various divisions of the corpora
ton expended $244. .655 for Ari
homegrown and Arizona-made
commodities, bringing the total
for the first nine months of the
year to $754,214. OF the third
quarter purchases, $83, $50 con
sisted of farm and household
products bought by the Phelps
Dodge Mercantile company, while
$ll,5 consisted of state sup
plies by the several mining
branches.
Among the latter the Copper
Queen branch was the largest
buyer of Arizona products with
an expenditure of $50. .8l8. the
Morenci branch coming second
with $51. 1868, followed in order
by the Moctezuma Copper Com
pany and the smaller Stag Can.
no. Bunker Hill Mining company
and Burro Mountain branches.
Explosives, lime and lime-rock,
foundry prodcuts, oxygen and
printing were among the larger
items.
Arizona purchases of the P.
D. NJ. Company for the three
months, which showed an in
crease of 25 per cent over last
year included $25, 900 for meats.
$40, 600 for fruits and vegetables.
$12.OO for dairy product. and
$11. 900 for poultry and eggs.
Furnishing an excellent ex
ample OF how all parts CT the
state benefit from the Buy in
Arizona" policy. followed BY the
large industries. these purchases
were spread over the Salt River
Valley, Gila Valley. Duncan
Valley, San Pedro Valley and
Sulpur Springs Valley, and over
the cities Of Bisbee, Morenci,
Clifton, Stafford, Phoenix and
Springerville.
The border vidette., 1928-12-08
ROADS AND THE BUDGET

The progress made in highway
building 10 the United States
and Arizona has been so marked
that, in a comparatively brief
period of time, roads have chang
ed from being luxuries to basic
necessities.
Less than half a century ago
money expended for highways
was an inconsequential item in
the public budget. Today it
holds, with education, the out
The border vidette., 1928-12-08
is DAM OUT OF POLITICS 2

According to an exclusive
dispatch to The Los Angeles
Times. President Coolidge was
advised Tuesday by the Sibert
commission of engineers and
geologists that a 550-foot dam
at Boulder Canyon site is feast.
BILE. nut that cost estimates for
the project are too low. Actual
costs, according to the commits
sion's figures, will exceed by as
much as $40, 900, 900 the $685..
600, 900 total estimated by the
engineers of the Reclamation
SERVICE"
This Sibert commission was
named by President Coolidge as
provided for by q congressional
resolution passed before the close
of the last session and on whose
report those who declared the
Colorado has been taken out of
politics." depended for ammuni
ton to defeat the Swing-John.
son bill.
How authentic the exclusive"
dispatch of the Times is cannot
be determined until the complete
survey is released to the public
by the President. The Associ
ated Press dispatch of the same
day said that President Coolidge
bad NOT released the summary
of the report for publication but
that the whole document would
probably be laid before congress
when it convenes for the short
session December 8 and at which
time the Swing johnson bill is
the first order of business.
The report of the Sibert com.
mission is as vital to Arizona as
the Swing johnson bill, for the
report could automatically dis
credit the bill. Advance infor;
nation cannot always be taken
seriously. On the other hand,
it would not be surprising if a
commission appointed by an ad
ministration favorable to Califor.
MIA interests would return q re
port favoring the Boulder Can
yon dam regardless of Arizona's
rights on the river.
Arizona waits anxiously for
the report. rt.-Arizona Daily Star.
The border vidette., 1928-12-08

see the real King in His beauty
and live forever in His glorious
palace on High. It's joy to
teach Chinese children of Jesus
and His salvation while young.
A Merry Christmas and q
Blessed New Year to you and
loved ones.
Yours in Christ's glad service,
(REv. Fl. G. G. HALLOCK.
The border vidette., 1928-12-08

SO ~ SlS " tOuu6k0 AOI VIC Eblls
roads. -Nogales Herald.
COLORADO RIVER DAM FEASIBLE
Washington, Dec. 3.-The con.
gressional commission of engi.
neers and geologists appointed
to investigate the feasibility Of
the Colorado river project has
recommended that the dam be
built at Black canyon and esti.
mates the cost at $l65, 900, 900.
Ia its report, submitted to con.
gress today by Secretary West,
the commission declared to be
basic" the engineering feasibil.
OF the dam across the main
stream of the Colorado river at
Black canyon or Boulder canyon
II no other site were available,
the commission reported, the
Boulder site could safely be
used so far as geological condi.
tions are concerned In com.
parison with the Black canyon
site. however," it said. the lat.
ter has certain advantages"
In its cost estimate, the report
ranges from Is to 40 million dol.
lars more than any previous es.si
Innate. zs.ssss4e. assassrs@ i y.
It recommended that the main
canal to be constructed in con.
nection with the project be en-.
tirely within the United States.
Under the proposed PLAN"
the engineers reported, the
water to is be diverted from the
river at Laguna dam, the press
ent intake of the canal from the
Yuma irrigation project, % miles
by river above the intake Of the
Imperial canal"
The board is OF the opinion
that it is feasible from an engi-
neering standpoint to build =
dam across the river at Black
canyon that will safely impound
water to an elevation Of $50 feet
above low water. ,a.s
The required type of dam pro.
posed by the bureau Of reclama.
tion is of the gravity type, curv.
ed in plan, with allowable stresses
as high as 40 tons per square foot
It was the boards opinion that
dam of the gravity type is
suitable for the site and that
such dam would be safe pro.
vided the maximum stresses al
lowed do not exceed those adopt.
ed in standard practice.
The dam would be by far the
highest yet constructed and
would impound $4,000, 200 acre
feet of water.
If the dam should fail, the re-.
port said, the flood created pro.
badly would destroy Needles,
Parker. Blythe, Yuma aud per.
mantly destroy the levees Of the
Imperial district. creating q
channel into Salton sea, which
probably would be so deep that
it would be impracticable to re.
establish the Colorado river in
it's normal course.
To avoid such possibilities, the
report continued, the dam should
be constructed on conservative,
if not ultra conservative lines.
The board reported that the
growing demand for power in
southern California, when con-
sidered conservatively, would be
sufficient to absorb the probable
power output Of the proposed
hydro electric plant at the site
of the dam.
1T is obvious that the power
which can be generated from
Boulder dam is a valuable re.
source" the report said. If
the income from storage can be
reasonably increased and the
capital investment reduced by
the cost of the ail-American ca.
nal together with a reduction for
all or a part Of the cost proba.
bly, chargabIe to food protection.
it would be possible with the in.
come from power"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-10-17
ACCESSOE2IEsS. TIRES. PARTS Z

GOOD USED TIRES CHEAP
Ford brakes refined $3.50. 81 so =
Chrevolet brakes refined $50
SPEC DEE TIRE AND BRAKE SERVICE
1852 10TH ST N. W. NORTH 3ST0-
Used parts ct tunk prices Nlnson Lang
ley. 10 Eve Sc. n 3 Fr, 1885
USED parts at low prices for all make care.
glasses replaced In any model. FIR. S343.
Northeast Auto Exchange. SO 81 ST. -.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-10-17
Help Wanted

mattresses. part-time day workerss
Telephone E-93IS. Domestic Bus Bur-
1897 14th st.
HELP OF ALL KINDS wanted at once.
maids. walters. Mattresses countermen
oyster men. rharwOmen. statesmen soda
dispensers. clerks elevator operators offire
hoFA. dishWaEherE etc We furnish helm
~ all kinda TO employers free of charge
csll Main 113. Apply Room 23s Bond
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-10-17
Business Opportunities q

AUTOMATIC Gear Shift fIist patented
Instant mesh transmission M clashinE
gears. Gives perfect control. Eliminates ac-
cderis Reduces coSt Substantial share Of
tered for money for demonstration TO n an.
ufantnFegs. Box 90 Times Herald.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-10-17
COLORED NOTICE

COLORED NOTICE
JUST OFF 18TH ST.
We have house Iust off 18th st. n. W.
downtown section which we will sell for
only $40. 500. 9 large rooms h.-w.h.. cleo
trictty
In fact il contains every possibls modern
improvement with many unusual features
and could not he duplicated for less than
S12 500 easy terms with small down pay
ment will be accepted Immediate inquiry
for appointment il advised
SHOWALTER REALTY CO.
11O3 VI. Ave M. 4122 Ewes. Cleve 1888
COLORED, NOTICE!
JUST OFF 10TH ST
We have a house Just off 18th st. n. W -.
downtown section. which we VIII sell for
only $40. 500. large rooms. hOtwater
heat. electricity.
In fact. it contains every possible mod
ern Improvement with many unusual fea-
lures. and could not be duplicated for less
than ST.. 800. easy terms, with small down
payment will be accepted. Immediate in
aHiry for appointment is advised.
SHOWALTER REALTY CO,
SAVE MONEY
BUY A BRICK HOUSE
Near Washington Circle. first commercial.
~ rooms basement; can be used as doc
house Al condition Prizes really low
c. NIXON. 1913 st. n. ". Main eFsA.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-10-17
TRUCKS FOR SALE

FORD Ton Truck 1928 s165 645 Nj.
Ave. NJ. q. Line 17s.
FORD-Light deliveries: several 10 selecs
from: both open and closed bodies. S190.
Ovens Motor Co. 1929 Georgia Ave.
FORD-1-ton truck: open express body
and cab. sos. Owens Motor Co.. 6323
Georgia Ave.
g. NJ C. 1M-ton truck, reconditio1ed.
CO.. B117 II. Y . Ave. N w
g. IN. G. TRUcK-One ~ ton, with wine
ter cab. flat body: splendid condition.:
quick sale. $500. Acme Truck and Sef-
vice Co. 1898 Potomac st. n W
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-10-17

SALESLADIES (1O)
High-class dress line for children 8
misses ladies'. Full or spare time, Write
or call Mr.. Purcell 511 Carpenters BLDG
1908 X ST. N. w.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-10-17
PRINCESS DIANA

HINDU PIANIST
II unhappy, in trouble and discouraged
with life. paw her a visit. Special 81 read
ing for 81. Satisfaction guaranteed. Hours.
to a. Over Springer's Restaurant.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-10-17
HORSE TRADING
VS..
WORD OF HONOR

III You like to take chances. the.
horses are running at Laurel.
But Dick Murphy used cars are
running all around town and
Won can bet every one OF
them are delivering that salts
faction and value which Word
of-Honor used care are guar
anteed in writing to do.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-10-17
Announcements
CLAIRVOYANIs

MATTHEW DAWSON. Tarot card readings.
1914 n n. w. Phone Decatur 2026.