davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15

Since it's present aggressive policy was
adopted, however, earnings have
shown a decided upward trend. On
the basis of present stock which was
split two for one last year 1925 earn
ings were $3.50 share, and in 1927
they we're 1910. Last year the stock
earned 4.48 a share.
At IS, the stock yields 3 per cent
on the $3.50 dividend and sells at IA
times last years earnings. A good
share of earnings is being used to
stregthen the financial position of the
company and eventually stockholders
should receive larger dividends.
POstum'S Rapid Expansion.
Until the latter part of 1925 the
Postum Co. had concentrated on the
development of Postum coffee and &C.
real products. AS the original COM
pany expanded into new fields, how
ever, it began to appreciate the sales
and advertising economies which would
result is a number trade marked food
products were brought together under
centralized control.
Postum'S first step was to acquire the
Jell-O Co. Thus started, 1t rapidly abb
sorbed other companies by exchanging
its own stock for that Of the acquired
company. SwanSdown Flour. Minute
Tapioca. Log Cabin Strip. Walter Baker
Chocolate, Richard Hellman Mayon-
naiSe. Franklin Baker Coconut products,
Maxwell House Coffee, La France, CAL
umet Baking Powder, Certo and Peck
tin were some of the well known prod
uctS acquired.
In the process Postum's capital stock
increased from 100000 shares to A.
$50 900 shares, but throughout It's ex-
panSion the finances of the company
have been steadily improving. Today
the company values It's tremendously
valuable trade marks on its balance
sheet for only 81. 1t has over Sill 900 900
in cash, call loans and marketable Sc
curities. There is no preferred and no
bonds ahead of the common.
Because of its rapid expansion earn
ingS possibilities are difficult to estimate
closely. It can only be said that so far
earnings after each new acquisition
have justified each subsequent bit of
expansion.
On the basis of the present stock,
which was split two for one last year,
earnings were slightly above So, the
dividend rate for each of the past four
years. But because period of assimi-
lation is needed for each new company
to develop earning power, however, re-
ported earnings do not give an accurate
picture of what the real earning power
Is. At present prices, around rs, the
stock yields 4 per cent, which is not
considered diSprOportionate, considering
present investment conditions, for stock
offering Postum's possibilities for future
growth.
(Copyright. 1920
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
REDUCTION IN COST
OF POWER SOUGHT
Economic Balance Depends
Upon Increase in U. S.
Mechanical EFFICIENCY.
BY J. C. ROYLE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. May 15.-Public inter
est was directed today to the report OF
the committee on recent economic
changes in the United States, headed
by President Hoover, StreSSlng the ne
cessity of maintaining an economic
balance" to preserve the high standard
of American life. Commenting on TECH
nical aspects of the report, leading en-
gineerS here declare that the only sure
protection against the competition of
European pauper labor is American me-
chanical efficiency.
American engineers in closest touch
with foreign trade assert that so long as
we can furnish each American with
to 80 horsepower of mechanical equip
ment the manufacturers and producers
of this country are safe from foreign
competition no matter how far the
wage scale is reduced in foreign coun-
tries.
Aid to Man Power.
Furnishing this power behind the
army of American workmen and
strengthening their efficiency by me-
chanical means, therefore is the main
problem which now presents itself to
the induStrialiSts of this country. The
engineers emphasize the need of ell
cheney in distributing and Transforming
energy. Man power is not enough to
meet foreign competition, but backed
by the energy developed by mechanical
means from the natural resources OF
this country it seems likely to be pre-
dominant for years.
Better supplies OF heat and power
are hence the major problem of Amer
lean industry today. Heat supplies
have always been recognized as pub
lie necessity for comfortable living in
our climate. But the use of heat for
domestic purposes has shown little in
crease in proportion to population as
compared with power. There has been
a large increase in the use of heat for
industrial purposes independent OF
such fuel as is required for power
generation. There, has. however, been
very considerable rise in the cost
of heat without a corresponding rise
in thea cost Of power.
Engineering Achievement.
Power supplies have been made
| available at but little rise in cost in
proportion to the cost of fuel. This
| is undoubtedly a result of outstanding
engineering. But there is real neces-
sity, according to DR.. Charles E..
neering department of Columbia Uni
versity, for discovering ways for re-
ducing the cost of power at the point
of use as means of increasing use
and reduction in the cost of heat.
Cheaper heat and cheaper poweE,
| according to DR.. Lucke, today are ma
| tional problems; but the solution of
| the difficulties is an engineering pro-
blem. Many thousands of engineers
now are engaged in the solution OF
one point or another of this problem.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
PENNSYLVANIA CITED
IN WABASH INQUIRY

BY the Associated Press.
The Pennsylvania Railroad and its
principal investment subsidiary, the
Pennsylvania Co. have been ordered by
the Interstate Commerce Commission
to show cause June "a why they should
not be required to divest themselves of
all direct and indirect holdings in the
Wabash and Lehigh Valley systems.
The commissions complaint charges
that they have acquired large hold
ings of the capital stock of the two syS-
TENS named without the approval and
authorization of the Interstate Com
merce Commission and in violation OF
section z of the Clayton act" The
effect, it said, may be to lessen COM
petition between the Pennsylvania Rail-
road and the Wabash and between the
pennsylvania and the Lehigh Valley"
The complaint resembles those issued
against the Baltimore g. Ohio and the
Kansas City Southern dealing with their
purchases of other railroads. 1t said
the Pennsylvania Co. had purchased
$4,000 shares of Wabash preferred and
$4,000 shares of wabash common stock
between February Is. 1927, and June &c.
1928, and indirectly" acquired 365 .O39
shares of Lehigh Valley stock between
April 25, 1928, and June Is, 1928, while
the Wabash Co. owned 231 1929 shares of
the same SYSTEMS common stock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
H|GH-GRADE BOND
| LIST REACT|ONARY
U. S. Group Also Affected by
New Boost in Money
Rates.
BY CHARLES F. SPEARE.
patch to The Star.

SPECIAL Dispatch to The star.
NEW YORK, May l5.-A renewal
rate of 10 per cent for call money to-
day had some slight effect on United
States Government issues and on high
grade corporation bonds.
It SERVED to emphasize the fact that
the credit strain is still acute and that
so long as rates remain at their present
level the normal buyers OF bonds will
stay out of the market, while there
will be a certain amount of bond
liquidation in the interest OF making
call loans or for stock market COM
mitments.
It Is rather significant that all of the
Treasury certificates due this year are
quoted from a to Sic per cent basis
an average above the Federal Reserve
rediscount rate.
Fractional losses occurred in legal
rails and public utilities. There were
several per cent industrial bonds that
showed evidence of pressure, such as
Goodyear So United States Rubber 5S
and American Ice SIS, the last being on
a point ana at a new low record. III
there is an improvement in the an
thracite coal trade. as stated by
representative of the Delaware q Huo-
son. no evidence of it has as yet shown
in the market price of Hudson Coal IS.
The leader of the convertible bond
list was Missouri Pacific Sis, which
rose 2 points on heavy transactions and
then declined a point on profit taking
The addition of a railroad convertible
to the list now dominated by public
utilities and industrials will give 1t
better balance. American Telephone IL
Telegraph and International Telephone
A12s were both up about point early
in the day The new and old per cent
issues G the Allegheny Corporation
stood st approximately yesterdays
prices, while American I. @. Chemical
6i5s weJS fractionally lower.
Fractional declines occurred through
cut the foreign bond list. The German
Agricultural Bank 6s touched a new
low price at 8112, compared with their
offering Price of 951a There are $l1O,-
600, 900 OF the IS outstanding and $25,-
00o, 900 Of the rs. Italian and French
descriptions were lower.
The Chicago per cent tax anticipa-
tion notes were offered today to yield
$50 per cent. On April similar notes
with July Is, 1880, maturity were sold
on $50 basis. This illustrates the
effect of the high average call and time
money rates that have developed be-
tween the two offerings.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, MD, May 15-Potatoes,
white, 100 pounds, 1.00a1.50; new po-
Iatoes, barrel, 3.O0a6.50; sweet potatoes,
400; asparagus, dozen, 1.25a3 SO; beetS,
100. 556a6.6O beans, bushel, 1.25a2 so;
cabbage, hamper, 75a1 90; carrots, crate,
2,5Oa3,25; celery, crate. 2.50a3. rs; cauli-
2.O0a2.5o; cucumbers, bushel. l25a3. 90;
egg plants, crate, 25Oa4.o0: kale, bush
Ell, 30a6o; lettuce. bushel, 1.25a1. rs;
lima beans, bushel, 35oa4D0; onions,
crate, 1.5oa175; Spring onions. 100,
1.25a1 so; hamper, 2.00a3.5O: peppers,
crate, 1.5oa3.50; radishes, 100. 1.50a
800: squash, crate, 1.25a2.0o; spinach,
buslAel, .20a75; tomatoes. crate, LISA
500; apples, buShel, 1.25a275: grape
fruit, box, 2.25a375; oranges, box. 2.00a
400; strawberries, quart, Sal5; water
melons, 50a75.
Dairy Market.
Poultry, alive - Spring chickens,
pound, 35a45; Leghorns, 30a40, and
thin, 25a28; old hens, 35a36; Leghorns,
3Oa32; old BOOSTERS, 18a20; ducks, goa
IS; guinea fowl each, 50al.10; pigeons,
pair, ISAAC.
Eggs-Receipts, 1,141 cases; native
and nearby firats, dozen, 80; current
receipts. dozen, 20a22.
Butter-Good to fancy creamery,
pound, 42a45; prints, 46a47; blocks,
45a46; ladies, 35A3s; store packed, 81
rolls, 33a35 dairy prints, 53a34; process
butter, 38a39.
Hay and Grain Prices.
wheat-No. red Winter, garlicky
spot, 1.GO14; May delivery, 1.l0I4.
Corn-No. 2 export. May delivery. nc
quotations; No. 2 yellow, domestic, spot
l.02a1.03: cob corn, 550a5.75.
Oats-No. 2 white. domestic, spot, 58s
SO: No. 3 white, domestic, spot, 56a57.
Rye-NeaEby, LOCAL 10.
Hay-ReceiptS, none. While hay L
arriving here in limited quantities only
it is more than enough for the demand
which is being supplied mostly by truck
from nearby points a few carloads
being received. There is not enough
business passing to establish prices or
the various kinds on merit at q range
of 14O0a16.50 per ton for timothy oil
clover hay.
Straw-No. 1 wheat. 12.00al25o pei
ton; No. l oat, 12.50a13.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
BY KENNETH S. VAN sTRUM.

NEW YORK, May i5.-The Gold
Dust Corporation and the Postum Co.
have been busily absorbing other COM
panies manufacturing trade marked
food products during the past Jew
years. Their earnings have mounted
steadily as economies nave been made
possible by centralizing production,
sales and advertising.
Gold Dust.
The Gold Dust Corporation has had
a rapid rise since 1928 when 1t was
formed to take over the soap and
washing powder business of N. K
Fairbanks. Shortly afterward, 1t pur-
chased the leading manufacturer OF
shoe polish and within relatively
short. period its trade marked articles
such as Gold Dust, Fairy Soap
Shinola and Two-in-One, had made it
one of the countrys leading manufac-
turers of soaps and shoe polish.
Originally the company was prl-
marily interested in the non-edible
products of vegetable and cotton oils
Lately. however, it has been expanding
rapidly into the food product end OF
that industry. Last year 1t acquired
American Linseed. makers Of Nucoa
butter, Best Foods Mayonaise and
other similar products. Still more
recently it has taken steps to acquire
Standard Milling, one OF the largest
-four manufacturers in the country.
other trade marked food products are
being considered as possible acquisi-
tionS.
AS Gold Dust carries forward its ex-
pansion program, economies in dis
tribution and manufacturing will re-
suit, and since the trend OF sales is
upward, earnings should continue to
expand.
The possibilities of Gold Dust earn
ings are difficult to estimate because
of rapid changes in capital set up and
because of the difficulty of estimating
earnings Of each new ACQUISITION.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
Money to Loan

Secured by first deed Of trust on real estate.
Prevailing interest and commission.
Joseph /. Weller 1 ESsv wash sts I; T NW
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
BANK so YEARS OLD.

SHEPHERDSTOWN, w. Va. May Is
Especially jefferson Security Bank
here will celebrate its sixtieth birthday
May "a with a reception. A souvenir
booklet, sketching the history of the in
stitution, will be given friends. The di-
rectors are George M. BeltZhoover, w. P.
Licklider, c. ]. Miller. NJ. S. r. Moler,
L. Quigley Reinhart, H. l.. lyme, J. H.
Hill H. p Schley, G. w. D. Folk.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
STOCKS.
PUBLIC UTILITY.
NATIONAL BANK
TRUST COMPANl

american Security & Trust Co. As
Continental Trust ..-. I3
fercharts' Bank . l5
Rational Savings & Trust .., 56
.'NA4 NSt t.......s... .......s.. 50
Washington Loan l. Trust. SO
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
FOREIGN EXCHANGE.
Quotations furnished by w. B. Hibbs & co.,
Nominal gold Selling checks

c. E. Phelps, general passenger agent.
announces the removal of the Canadian
Pacific Railway 81 Steamship Office to
the corner of Fourteenth street and New
York avenue. The former offices were
at 905 Fifteenth street.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
Washington Stock Exchange

SALES.
Pot. Elec. cons. $50, 600 at 1Olk.
Cap. Tract. Colo at 9612, S at 96I5.
Is at 9612, 10 at 96K, 20 at $751;.
Pot. Elec. SO pfd.--5 at 1917, l at 113.
Wash. Gas Lt.-25 at 1924.
FED: Amer. Co. pfd.-5 at 1917, S at
1917, 10 at 1917.
Mergenthaler Linotype-10 at 1o71a.
AFTER CALL.
Wash. r. & e. pfd.lo at 971z, 40 at 9715.
Bid and Asked Prices.
The border vidette., 1929-04-27
SUMMONS No. 2i56

In the Superior Court of Santa
Cruz county, State of Arizona.
The First National Bank of No.
gales, a banking association, as the
surviving executor of the estate Of
Theodore Gebler, deceased, and as
trustee named in the last will and
testament OF said Theodore Gebler,
deceased, plaintiff, vs.. Margarete
Oestreich (sometimes known as
Margaret Oestraeicb) Lucie Oest-
reich (sometimes known as Lucie
Oestraeich) Frede Oestreicb (some-
times known as Frede Oestraeich)
Helen Scheye, and the unknown
heirs of Theodore Gebler, deceased,
defendants.
Action brought in the Superior
Court Of Santa Cruz county, State
of Arizona, and the complaint fled
in the said county of Santa Cruz,
in the Office OF the clerk of the said
superior court.
In the name of the State oil Ari-
zona to Margarete Oestreich (some.
times known as Margaret Oestra-
.eich) Lucie Oestreich sometimes
known as Lucie Oestraeich) Frede
Oestreich (sometimes known as
Frede Oestraeich) Helen Scheye,
and the unknown heirs of Theodore
Gebler, deceased, defendants. Greet
ing:
z You are hereby summoned and
required TO appear in an action
brought against you by the above
named plaintiff in the Superior
Court of Santa Cruz county, State
of Arizona, and answer the COM
plant therein filed with the clerk
of this said court, at Nogales, in
said county, within twenty days
after the service upon you OF this
summons, if served in this said
county, or in all other cases within
thirty days thereafter, the times
above mentioned being exclusive OF
the day Of service, or judgment by
default will be taken against you.
Given under my hand and seal
OF the superior court of Santa Cruz
county, State OF Arizona, this 26th
day OF April, 1929.
Seal. RoBT. e. LEE,
Clerk of the said Superior Court.
4 27.5t.
The border vidette., 1929-04-27
NOTICE or ASSIGNMENT FOR BENE-
FIT or CREDITORS

Notice Is Hereby Given, that
b. T. Ben, doing business in the
City of Nogales, County OF San.
ia Cruz, State of Arizona, under
the firm name of Geo. Land
Company. did on the Oath day of
April, 1929, make an assignment
of all his property of whatso
ever kind and nature to the IN.
dersigned for the benefit of all
his creditors, and all creditors of
said a. T. Ben, doing business
under the firm name of Geo.
Land Company. consenting to
said assignment are hereby mott
fed to file their consent in writ
ing to said assignment and file
their verified claims against said
assignor with said undersigned
assignee within four months at
ter the date of the first publica
ton of this notice.
Dated at Nogales, Arizona, this
Goth day of April, 1929.
JAMES w. HATHAWAY,
Assignee for the benefit of Cred
itors of Fl. T. Ben, doing bust
ness under the firm name OF
Geo. Land Company.
4-27 At
The border vidette., 1929-04-27
The Trench Mining company

The Trench Mining company
is shipping copper concentrates
to Douglas.
The Phoenix firm of Schmidt
& Hitchcock, which has just
completed the street paving of
district number two in Nogales,
was the lowest bidder for the
federal contract to pave Inter.
national street and will be
awarded the contract by the Tn.
tied States government. it was
announced in q telephone call
from Phoenix Tuesday after the
receipt of telegram from Wash.
ington. The bid OF the Phoenix
firm was $50, 900. The work will
probably commence May 1st.
The border vidette., 1929-04-27
NOTICE OF ASSIGNMENT FOR BENEFIT
or CREDITORS

Notice Is Hereby Given, that
Stephen F.. Lee, doing business
in the city of Nogales. county of
Santa Cruz, State of Arizona,
under the firm name of Stephen
Lee Company. did on the 22nd
day of April, 1929, make an as.
signment of all his property of
whatso ever kind and nature to
the undersigned for the benefit
of all his creditors, aud all ere.
ditors of said Stephen F. Lee,
doing business under the firm
name of Stephen Lee Company,
consenting TO said assignment
are hereby notified to file their
consent ia writing tosaid assign.
ment and file their verified claims
against said assignor with said
undersigned assignee within four
months after the date of the first
publication of this notice.
Dated at Nogales. Arizona,
this 26th day of April. 1929.
II. j. PATTERSON,
Assignee for the benefit of Gre.
ditors of Stephen F. Lee, do.
ing business under the firm
name of Stephen Lee Com.
pany. 4-27-4t
The border vidette., 1929-04-27
UNIVERSITY OF ARIZONA NEWS

Tucson, April 25.-As q cul
minating event Of ell the girls
equitation classes on the Univer
sity of Arizona campus, the CO
eds will give q riding demon.
stration at the turf polo field on
Saturday, April 81.
The show will follow q parade
and review of the university
cadet regiment and will consist
of six events in which practical
ly every girl in the courses will
take part. Roman riding, q gal
lop and trot demonstration, q
cossack stunt race. musical
chair event, q bareback gallop.
and a drill by the entire group
will make up the list of events.
Except for a picnic to be given
by the military department April
80, there will be no more riding
for girls this year.
The border vidette., 1929-04-27
SUMMONS

In the Superior Court Of Santa
Cruz county, State Of Arizona.
David Diamos and Eltiniki Dia.
mos, plaintiffs, VS.. the unknown
heirs of w. N. Lester, deceased,
and the unknown heirs of Jane
Doe Lester, deceased, defendants.
Action brought in the Superior
Court of Santa Cruz county, State
Of Arizona, and the complaint fled
in the said county OF Santa Cruz
in the Office OF the clerk OF the said
superior court.
In the name OF the State of Ari-
zona to the unknown heirs of w.
N. Lester, deceased, and the un-
known heirs of Jane Doe Lester,
deceased, defendants. greeting:
You are hereby summoned and
required to appear in an action
brought against you by the above
named plaintiff in the superior
court of Santa Oruz county, State
of Arizona, and answer tho COM
plant therein filed with the clerk
Of this said court, at Nogales, in
said county, within twenty days
after the service upon you of this
summons, if served in this said
county, or in all other cases within
thirty days thereafter, the times
above mentioned being exclusive
of the day of service, or judgment
by default will be taken against
you. :
Given under my band and seal
of the superior court OF Santa Cruz
county, State Of Arizona, this 9th
day of March, A. D., 1929.
Seal. RoBT. E.. LEE,
Clerk OF the said Superior COURT.
3 80 St.
The border vidette., 1929-04-27
REBELS SAID TO BE RErREATiNc

Mexico City. April 26.-The
Mexican rebel army in southern
Sonora was reported in full re-
treat in q government bulletin
this afternoon which stated that
federal cavalry occupied the
town of Navojoa at daylight.
General Plutarco Elias Gales
notified President Portes Gil to,
day that the stage was set for
"annihilation" of the rebel west
coast army, with it's retreat north
ward cut off by burned bridge
18 miles north of Navojoa, Son.
Federal light horse men under
General Juventino Espinosa. un.
dertook q force march last night
which was expected to place 1t
in position for a flank attack on
the revolters today as the main
federal army attacked them at
their trout.
Artillery was brought up dur
ing the night, with the prospect
that airplapes would inf1ict heavy
casualties with q new supply of
rs pound demolition bombs. No
escape was believed possible.
The shaping up of the federal
trap-with its possibilities of
bloodshed even exceeding the
action at La Reforma three weeks
ago which General Gales de
scribed as "veritable butch
ery"-came late yesterday and
last night after complete turn
of the tables in southern Sonora.
For some undetermined reason
the rebels, believed to number
5000 or more, fed precipitately
from Masiaca, where they were
strongly entrenched yesterday.
Navojoa, q former stronghold to
the north, was later evacuated.
Federal troops we're in hot pur.
suit and were believed last night
to have occupied Navoioa. after
it's evacuation late yesterday by
the rebels.
In the meantime q cavalry con
tingent under General Tellechea
had penetrated to the rear Of the
rebel force and burned q long
bridge 25 kilometers north of the
city before more than q few
could escape. Repairs to- the
bridge. it was said, could not be
effected before the federals
would have arrived in. force for
attack, while to leave the trains
would be to invite easy pursuit
by federal cavalry.
The border vidette., 1929-04-27

A large fragment of one OF
the bombs dropped in Nogales.
Sonora, Monday by Mexican
federal airplaue. is on display on
one Of the bulletin boards of the
Nogales Internstion in Grand
avenue.
The border vidette., 1929-04-27
Attorney G.. M. B Hawley of

Tucson, who is interested in San.
ia Cruz county mining property,
visited Nogales Monday on legal
business. Mr.. Hawley is a south
ern gentleman of the old school
whom it is a pleasure to meet.