davidaulloa/AmericanStories huggingface dataset:
Evening star., 1928-10-07
CONVERTIBLE BONDS
AGAIN IN LlMELIGHT
sp.cial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, october 6.-An old
vehicle for speculation with a brake on
It which makes 1t appear safe Tor
investors has been brought again TINS
week in the form Of convertible nonos
These have attracted nearly as mucn
attention as some OF the popular STOCKS.
At no time have they been more nuoyant
than they were today. when Andes Cop
ner convertible Is. which may be eX-
changed later for the Andes stock about
to be offered publicly. rose 5ia points
ana Pressed Steel Car convertible .
ner cent bonds did even better in q
maximum rise Of 8la points,
From the low of the year the Andes
rs have risen nearly so points. The
Pressed Steel Car issues have risen
nearly 20 points and today were 13
points above last Saturdays quotation.
Barnsdall convertible 6S are up about
25 points from the low of the year and
IL points higher than last week. The
first of the convertibles to attract atten-
tion were the Andes Copper rs. which
have risen % points this year, but this
week have made very little progress.
Convertible bonds have usually been
issued in periods when corporations
needed capital and could not sell STOCKS
or bonds on a straight basis Conse-
ouently they gave the buyers OF the
bonds the option at some future GATE,
when conditions were more promising
to convert them into a security that
participated in the profits OF the INDUS
try. The railroads were the first to use
this medium on large scale, which
they did following the reorganization OF
many of the prominent systems 25 years
ago. Nearly all of the railroad con-
vertibles have been retired, The last
big issue to be exchanged for stock was
that OF the New York Central convert
ible SIS, some of which are still out
standing.
Evening star., 1928-10-07
BONDS ARE ACTIVE
IN SHORT SESSION
Pressed Steel Car and Andes
Copper. Are Features-RaiIs
Neglected.
BY the Associated Press.

BY the Associated Press.
NEW YORK. october 6 RD.-The
bond market again showed signs of
throwing off its lethargy of several
months today. as the short session was
more active than any Saturday ses-
sion in several weeks. The transac-
tions. however. were largely confined to
recent favorites.
Pressed Steel Car IS were again q
strong feature, soaring nearly points
to new high at 111ss in strong buy
ing in expectation of higher earnings
from increased demand for steel freight
cars, and as result of its recent close
affiliation with Universal Pipe & Radia-
tor and Blaw-Knox.
Andes Copper Is made an extreme
gain of points. touching 160.. In con-
trast to the years low at 120 In buying
resulting from the 75-cent dividend on
the stock into which they are con-
vertible. Barnsdall 6s with warrants
were still in demand, rejecting strength
in the stock.
Rails were generally heavy. New
York Central 4ias dropped nearly 2
points, and Rock Island As, Great
Northern rs and 412s eased. st. Louis
Southwestern first As dropped more
than 2 points on announcement OF
withdrawal OF the Loree southwestern
merger plan. st. Paul Adjustment SIS
we're steady in good demand, while Sea-
board Air Line IS made small gain.
Texas g. Pacific 1st SIS gained more
than point.
Industrials we're generally neglected,
although National Dairy Products 514s
improved In buying. rejecting the
stock dividend declared yesterday.
Utilities we're quiet.
Fiat rs with warrants were feature
of the steady foreign list, jumping
about 8 points to within a fraction 81
the wears high
Evening star., 1928-10-07
ANNOUNCEMENT

Responding to our growing clientele and to afford
them greater facilities and conveniences, we have
opened additional office, comprising the entire fifth
floor of the Securities Building, where we will also
maintain offices on the first floor, as heretofore.
This additional office is modern in all details of its
equipment including direct telephone and tele-
graph service to all the principal markets.
A complete library of advisory and Investigating
services, we'll other financial publications at
all times at the disposal of our clients.
We welcome and ask any desiring to invest to
through information any securities listed
on the Exchanges of the United States
Evening star., 1928-10-07
PLAN STOCK INCREASE.

NEW YORK, October (P).-A
special meeting of stockholders of the
Fairchild Aviation Corporation has been
called for October Is to act on plan
to increase the authorized stock to $780,
600 shares, to consist of 500, 900 shares
of class A'stock and $4,000 shares of
class B stock into 100000 shares of new
SHARES ssSS Of S'Ore Oresent n class as stock ' into
10000 shares of new class B stock.
Stockholders also will be asked to ratify
the sale of $4,000 shares of new class
A stock to bankers at such a price as
may be fixed by directors.
Evening star., 1928-10-07
WATCH AVERAGES
/ FOR BEAR MARKET
Dow Theory Indicates Bull
Trend Is at
End.
BY CoRRINGToN GILL.

Investors, spectators and those who
use stock market movements as an indi-
Gator Of the business trend are now
watching the action of stocks from day
To day for an indication Of a bear
market to come. AS many thousands
will apply the theory evolved by
Charles H. Dow during his editorship
of the Wall Street journal in the late
1905 statement of his theory, at this
time might prove interesting.
Dow. the first man to make and use
an average of stock prices, noticed that
there were certain movements in his
average. (now known as the Dow
Jones averages. In commenting on
the habits Of his averages, he stated
there were apparently three move
ments going on simultaneously. He
classified them as daily fluctuations, y
minor moves and major moves" ="
They are still known by these names.
An average of stock prices will not pre-
dict the daily fiuctuation, nor. in most
cases, minor moves of Is or 20 points,
but Dow made a. reputation for him.
self by forecasting correctly the major
movements of stocks and consequently
OF business, Dy the use OL hlS oFOAoSNS'
Computed Averages.
It. was not until after Dow's death
in 1902. that his theory was put into
words. w, p. Hamilton, the present
editor of the Wall Street Journal, IN
explaining Dow's theory. stated that IT
was remarkably accurate even as Tar
back as 1900, before cycles in business
and the stock market received mucn
attention.
The theory as stated by Hamilton and
interpreted today, Is that as long as a
major market movement is IN progress
the average Of industrial stock prices
must confirm each other. When the
two avera res do not, confirm each other,
as for example, when the industrial
stock price averag. moves into new
high or a new low with the rail average
not following simultaneously, change
In the major trend Is indicated.
Theory Used To-day.
Another part Of the Dow theory is
that averages make a lins OF accunu-
lation or distribution. Dow observed
that when both averages moved straight
across without any pronounced move
merlt up or down and finally broke their
lines In the same direction at the same
time, the next movement would be in
the direction that both averages were
heading when these lines were broken.
Many spectators use this part OF DowS
theory In playing the minor moves.
AS the Dow-Jones average made
lines throughout September. those who
believe in the Dow theory say the bull
n1raket is over, temporarily at least, un-
less the industrial averages go above
fAd "a at the same time
The Dow-JoneS averages closed yes
terday at 240f7 for. the industrials and
1875 for the rails. Consequently they
will be watched very carefully for the
next few days for an indication that the
advance in stock prices viii be resumed
Evening star., 1928-10-07
Electrical Equipment Orders.

NEW YORK, october 6 GP).-Orders
booked for electrical and related equip
nent in the last week show an increase
over the previous week. Electrical World
reports. At Pittsburgh q. 7.500, 900 ex-
tension to a substation was approved
and in New Jersey plans were made fol
10 miles of suburban railroad electrifi.
cation. Middle Western appliance sales
held UP, with demand for motors and
transformers in the Southwest. Pacific
Coast power company purchases were
excellent.
Evening star., 1928-10-07
Call Stockholders Meeting.

NEW YORK. october 6 (R.-The
United Biscuit Co. of America has called
a special meeting Of stockholders for
October IS to vote on proposed in
crease in the common stock from $4,000
shares to $4,000 shares for the purpose
OF acquiring other properties in terri
tories not now covered by the company,
Evening star., 1928-10-07
Financial Hig Lights of Past Week
Brought Out in Nutshell by Statistics

Special Dispatch to The Star.
NEW YORK, october s, 1928.
Evening star., 1928-10-07
INVESTMENT TRUSTS

Special Dispatch to The Star.
NEW YORK, october 6.-Following
are today'S bid and asked quotations on
securities of investment trusts, holding
and finance companies and insurance
COMPANIES:
Evening star., 1928-10-07

secured by first deed Of trust on real estate.
Prevailing interest and commission.
Tk VNnlll,. 4aO Wash. L. q Trust
JOSSPH A' VCSA BldE., 9th & r NV.
New Britain herald., 1928-06-06
Chinese Smuggling
 System Is Uncovered

Singapore, Straits Settlement. June 6 R)-A police raid here today was believed to have uncovered an organized agency which has four- ished for several years for the pur- pose of smuggling Chinese into the United States.
 Documents found in a house in Chinatown supported the story told by a number of Chinese who were recently discovered slowed away aboard a vessel bound for America and brought back to Singapore. A fee Of s2,3O0 was charged the Chi. Gese to be smuggled in.
 The scheme of the smugglers ln- cluded the cooperation of someone aboard the vessel who was to outwit the American immigration authori- ties when the ship arrived in a United States port.
 Eleven Chinese awaiting passage to America were found in one of the raided buildings. Two of those ar. rested have been remanded for trial and it was thought that the ring. leader of the smuggling agency, was one of these.
New Britain herald., 1928-06-06
SCOUT COUNCILS CAMP GATHERING
Event Scheduled for Friday
 Night at '. M. C. A. Hall

The local Boy Scout council will have it's annual camp gathering on Friday evening in the banquet hall of the Y. M. c. A.. beginning with a dinner at 6:30 o'clock.
 All scouts and dads are invited to attend, and tickets may be pro- cured at the scout office.
 The program will include talks on the new Camp Keemosahbee by a member of the camp committee and by the president of the council, Alexander H. Scott. Camp emblems will be awarded to the winners of this. honor during the 1927 camping season. ,
 It is expected that some of the camp staff will be present, although definite assurance has been re- ceived only from Doc" Minor ol the Yale Medical school.
 Scouts and dads may reserve places for the dinner by telephon' ing e119, the scout office, on ol before Thursday. e,
 Field Day at Willow Brook
 On Saturday afternoon at 1:S'
New Britain herald., 1928-06-06

o'clock the annual scout field day for all troops in the New Britain council will be held at Willow Brook park.
 The only event to be held in the morning will be the archery event. for which half a dozen boys have already entered. This will start at 9:3O o'clock with Joe Hergstrom. the Y. M. c. A. physical director. as judge.
 The afternoon events will include scoutcraft, first aid, friction fire, Morse signaling. semaphore signal ing. knot tying, fire building and water boiling, pacing. and verbal message relay. The first three places will count in the points. which are 5. 5. and g. Cups will be awarded to troops fin ishing in the first three places. Leonel NJ. Depot will be the head judge and will have competent group of assistants.
New Britain herald., 1928-06-06
06O-WGBS-340

 5:30-''Magic Music." operetta 6-Stories for Children; Abraham son. soprano 9-Wayside Troubadours e:30-Clara Hovey Musicale lO-Alfred Sorvillo, baritone 1O:15-''The Soul of the Violin 10:45-Eddie Worth's orchestra 11:15-Dorian Trio 11:45-Mr. and Mrs. Woods
 y2O-WPCH-32G e-Boxing bouts from Ebbets Field 11-Clark and Dill. songs
 82O-WRNY-328 5-Kenneth Cruickshank, banjo 5:15-August Lombardi, baritone 5:3O-Walter Horton, violinist 5:45-F'rances Sper. songss 7-Howard Hitz, baritone 7:15-Carl Nolrs orchestra S-Colonel Hugh Cooper, 'Hydrau lies
 S:30-Bernie's Roosevelt orchestra 97O-WABC-3O9 | 5-Dr. D. R. Hodgdon, Food" 1 6:45-Conway's Broadway Chats 1 7:05-Harold Leonard's orchestra 7:45-Concert S:45-St. Thomas chapel organ 9:l5-Charles Premmac, tenor 9:45-Ninon Romaine, pianist | 10-King's orchestra 1l:01-Alfredo Ronaldi, pianist 11:10-Russian Art program
New Britain herald., 1928-06-06
Eastern Stations
1OsO-WODA, Paterson-2s

 5:30-News; sport talk 6-Patterson Junior Trio s:30-David Zendel. pianist 7-Sod busting 7:l5-Orchestra 7:45-French class S-George Szilagyi, violinist :30-Dramatic club l1-Lido Venice Entertainment 30-Pat Cristello's Gondoliers 112O-WNJ, Newark-288 I10:01-Hawaiian Serenaders 10:30-Violin and accordion solos 1O:45-Irving Bell, pianist 11-Gertrude Crispi. songs 11:15-Jack Morrissey orchestra
 112O-WGCP, Newark-28S | 5-Dance music 5:3O-Alice from Wonderland S-Rutherford H. s. orchestra e-Musical bankers 9:30-Jimmy Shearer S6O-WIP, PhiIadelphia-34S -Mayfower dance orchestra 7-Roll call; birthday list; piano duets 8-Springtime program .. 11OO-WPG, Atlantic City-273 6:45-Organ recital; news; scores 7:O5-Dinner concert l 7:50-Sport talk | S-Rose Newman; studio S:15-Elzy Youngs Entertainers | :50-"Learning to Fly
 9-N. E. A. l.. convention; pubhe l policy night; Richard Crooks tenor: Rolfe's dance orchestra | l1O:3O-Dance orchestra
 70O-WGY, Schcncctady-3SO 6-Stock rtports, news
 6:3D-Dinner music Remington Rand band
 S-Same as WEAF I1O:30-Madrigal Mixed quartet
New Britain herald., 1928-06-06
SUFFER HARDSH|PS l IN FROZEN NORTH
Fox Film Expedition Relates Its Experiences

Fairbanks, Alaska, June 6.@P0 Hardships suffered by members of the Fox film aerial expedition. when it was forced down by fog in snow- bound northern Alaska more than three weeks ago, were revealed to- day in messages telling of their trip to Point Barrow.
 The story of how three of the eX- petitions members walked nearly loo miles in the snow and bitter cold was relayed from Kotzebue by Matt | Nieminen and Richard Heyser, re- l lief plane fliers. who returned just as a second relief plane was about l to leave to search for the five film men and two relief aviators. | After braving the Arctic's blast for three weeks, F.. s. Merrill, pilot, Charles G. Clarke, director, and Jack 1 Robertson, camera man are recover ing in a makeshift hospital at Point Barrow from the exposure suffered on their long hike.
 1 Although forced down, Noel Wien, pilot, and l.. Virgil Hart, leader Of the expedition, were able to continue northernmost tip, and conducted un- successful searches for their com- panions, who left Fairbanks in an- other plane May II in company with Hart and Wien.
 Blocked by fog. the planes became separated and two days after leav- ing Fairbanks were forced to land about 100-miles south of Point Bar row. Hart and Wien landed in a lake in deep snow on May IS and after changing to big tires were able to continue to Point Barrow, arriving there May IA.
 Wien and Hart then started in search of their companions and were unsuccessful although they travelled more than 2,2OO miles in 25 hours flying time.
 After the arrival of the relief plane, which left on May 25, Nieminen and Wien located the other plane. Searchers travelling by dog team found Merrill about 30 miles from Point Barrow and four days ago Nieminen picked up Robertson and Clarke at about the same place where Merrill was found.
 Merrill was temporarily snow- blind, Clarke had broken down ten. dons and Robertson was suffering from frost bitten toes and finger: and stomach trouble. All are ex' pected to recover in few day! when Merrill and Wien hope to ge the other airplane and fly it to Fair
 banks.
 Hart in his message to Ewin Scott
 member of the expedition left here
 said that they can receive message
 at Barrow but cannot send. The
 can hear stations WUW. Seward
 Alaska; KEEL, Nome; WIG, Wash \ ington.
 | The messages from Hart ant | Wien were taken from Barrow t l Hotzebue by Nieminen and Heyser { who arrived there Monday night
 Hotzebue is a little settlement 1O' miles north of Nome. The expedition started for Poln Barrow to take scenes for an flask an picture
New Britain herald., 1928-06-06
Pyle and Red Grange
 At Parting of Ways

Wheaton, Ill.,. June 6 R0A part ing of the ways for c. c. Pyle and Harold (Red) Grange. the former University of Illinois "Gallopin' Ghost" was seen today by Oranges | father.
 Possibilities of break between the two have been current Tn spor' circles Oranges father said he knew something about the case and that there probably was some thing to it."
 Red was expected to arrive 1T
New Britain herald., 1928-06-06

Wheaton today. But as to his fu- ture plans. other than that he will make two more motion pictures. the father knows nothing. Failure Of Pyle's recent cross country foot race in which Grange was interested waa thought to have been the last straw. Red said last fall that break might come any time," said his father.
New Britain herald., 1928-06-06
Through tie Static

June Weddings" so prominent in the society columns during the month of roses and brides. will in- flucnce the program of the Trouba- dours which will be broadcast through WTIC at 9 o'clock. The program will include sweet Lor- raine," "The Man l Love-" Dawn of Love-" "Oh Promise Me-" For ever and Ever" and Down in Old Havana Town
 Donizetti's opera La Favorita' has been chosen as this weeks of- fering by the National Grand Opera ensemble which will be broadcast through WTIC at 10:30 tonight. The opera contains some of the com- poser's finest solos and the title role is written for the mezzo- soprano and contralto voices, contrary to the usual soprano. The opera is set in 1 Castle, Spain. and the action takes place about the year 134o.
 A program of Southern airs will be rendered by the Foresters thls week, the program going on air al S:3O through WBZ. Included in the program are "Old Folks At Home, Garry Me Back to Ole Nirginny.' "A Little Coon's Prayer and "Ole Uncle Moon
 Victor Herhert's comic opera "The Singing Girl" with Jessica Dragonettc, soprano, and Colln O'More, tenor, in the leading roles has been selected by the Phllco players as their presentation for to- night which will be broadcast through WEE at g o'clock. The opera will be broadcast during the first half hour, while the remaining time will be given to excerpts iron Gnu Chin Chow" "Iilossom Time and sally" musical shows of re cent years.
 WGY will offer a band concer II at 1880 which will be broadcast D. the famous Eemington-ka ban' from Ilion, \. !. The program in cludes Herbert's Pan Americana, Waldteufel's "Estudiantina," Brooks Tn the Great Beyond" and Thomas popular "Raymond" overture. The overture 10 Nozart's oper Ii The Impresario" will he played g the opening number or the SlumD"
 Music ensemble which will b
 broadcast at II o'clock throug WIZ The program also include
 Stoessel's suite Antique" five lyri
 pieces by Grieg Germans selection u from Nell Gwyn" dances. Mcndel>
 sohn's "Nocturno" and Dyora k
 Indian Lament
 \ net work of n radio station n which will broadcast the coInin ~ event Of national and even interna
 tional importance. the two conver
 tions in Kansas City and Houston
 has already been com pleted and il
 broa Icasting Of the republican COT
 vent.on will begin Tuesday, June l
 Graham McNalnee will have II
 usual job of reporting the sideligh
 and giving summaries of progress lthe convention. Other famous p' litical writers have been engaged f' the purpose Of reporting the exci ing moments among, them Iav
New Britain herald., 1928-06-06

Lawrence and William Vile. Fur ther announcements will be made
 later as to final arrangements. The probable time will be II o'clock in
 the morning on Tuesday. June IF. II. C.
New Britain herald., 1928-06-06
THAN IN EUROPE

Cherbourg, June (tP)-Harry K. Thaw arrived in Cherbourg to- day aboard the s. s. Aquitania and proceeded to Southampton.
 He left New York recently for q vacation in Europe and said it would be his first visit abroad since his arrest for the murder of Stanford White. He planned to visit in Lon- don and Paris, he said.
New Britain herald., 1928-06-06

New York-An illuminated cross on a church, a guide to fiiers visible 100 miles away, will be known as the Commander Richard Evelyn Byrd Beacon. It is a gift to Broad way Temple from Charles V. Bob. mining engineer. who recently bought a plane from Byrd. The illu- mination will be red orange in color. The cross will be 75 feet by S7. The cost is $l00,00O.
New Britain herald., 1928-06-06

ss0-WTIC, Hartford-536 S:s5-Summary of program and news s:30-Hotel Bond Trio s:55-Baseball scores 7-Silent for WCAC .7:s0-"Ask Me Another" -S-Program from NEG Studios 10:S0-Nme 1o:31-National Grand Opera in La Favorita" 1l:3O-News and weather
 s6O-WCAC, Storrs-53s Timely Farm Topics
 l13O-WlCC, Bridgeport-286 6-Merchants' Hour 7-Studio program -:15-Short Stories 7:45-Baseball Scores 8-Studio program S:;O-Schubert Trio 9:30-Estey Organ Recital s:<6-Baseb ball scores o.55-Weather forecast and news
 SOO-WBZ, Springfieid-S33 5:3O-Safety Crusaders 5:59-Weather forecast 6-Organ recital 6:30-Time 6:31-Banjo-piano recital 6:55-Baseball scores 7-Newspaper Nights 7:1O-George Olsen's orchestra 7:3O-Radio Nature League S-Phillip Dundon, baritone S:30-Program from NEG Studios 10:0l-Dick Newcombs orchestra 10:3O-Baseball scores 1O:35-Orchestra continued l1-Corinthian string quartet 11:%5-Time and weather
 ssO-WNAC-WBIS, Boston-4ei 5-Ted and His Gang 6-Juvenile Smilers e:30-Doks Junior Sinfonians 7-Ritz Carlton orchestra 7:30-Motorist's Guide S-Mason and Hamlin concert s:30-Wolverine Male chorus 9-Program from New York 11.1k-Kenmore Restaurant orch.
 Ss0-WEEI, Doston--50s e-Jauues Renard and orchestra 6:35-News
 6:43-Chimes
 6:4l-Juvenile Gems 6:45-Big Brother club 7:30-Oh Boy program 7:6O-Musicale
 S-Program from New York l0:31-News
 l0:3S-Atlantic Radio program 1l:06-Radio forecast and weather ll;1O-Organ recital
New Britain herald., 1928-06-06

Chicago-Go to the nearest movie to see and hear the world series or a championship fight. Such is pos sibility of the near future. in the opinion of Dr. H. E. Ives, Bell re- search engineer.
New Britain herald., 1928-06-06
wives each.

Boston-Gov. Fuller. in special
 message to legislature demands clergymen critics of state safety de- partment be summoned to back up l accusations.