davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
CURB SHARES RISE
! IN SHARP UPTURN
Market Holds Strong Posi-.
ton Despite Fears of
Rebound.
BY HARRY H. BECKER.

Special Dispatch to The Star.
NEW YORK, March 28-Curb stocks
retrieved more of their lost ground in
an active session today, but we're forced
to absorb heavy realizing at times, on
the theory that the rebound had been
too rapid. There was also a disposition
on the part Of recent buyers to tighten
their holdings in view of the three day
recess.
The improvement again was general
in character. and was marked by bullish
demonstrations in the oils, some of the
high-priced motors and number Of
specialties, particularly those which had
undergone drastic liquidation. The VOL
ume of trading was again Of substantial
proportions
Oils resumed leadership Of the mar
ket under the stimulating influence of
the agreement to curtail production the
balance of this year. All the standard
representatives mounted vigorously, with
Humble at new peak well above ITO.
The buying in its case had the addi-
tional incentive of revived merger talk.
notwithstanding repeated official de-
mails.
Sharp gains were registered by
Vacuum. Indiana Standard and Gulf
Oil of Pennsylvania. A number of the
domestic and South American indie
pendents moved higher. but there was
a modification of the gains when profit
taking appeared.
Ford Motor Of Canada jumped sensa-
tionally again, reaching 1923 before
midday compared with 1910 at the
close yesterday and duplicating the pre-
vious rise of almost 100 points. Since
the news of approval of the split up
and the Offering of new stock at
a level involving rights to Canadian
owners only, the issue has mounted
approximately gao points. Ford Com
pany, Ltd, was higher in sympathy,
and there were . few other outstanding
strong spots like Auburn and Firestone,
both in the high-priced class.
There were further sharp recoveries
In Bohn Aluminium, Tubize silk, Borden
Co., new: Zenith Radio, Grigsby
Grunow, United States Gypsum, Do
minion Stores, new; Celanese, and
many others. Mining and metal issues,
on the other hand. made very little
progress Newmont was lower most
of the day and there was less dis
position in evidence to take a definite
position in some of the other recent
favorites
International Telephone e. Telegraph
which had been moving independently
on the general market all week, was
again prominent. It opened on a
block of 10000 shares at 937s, against
8S7s, last nights final. and was ex-
ceedingly active subsequently around
"a. Other utilities strengthened further.
especially Electric Bond g. Share and
American Light & Traction. Cities
Service stocks we're quiet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28

formed when the stock was around 80
and was disbanded about the time it
touched 109a4. Within a week the
stock fell back almost to its starting
point, which would seem to indicate
that the pool had some difficulty In
accomplishing its purpose.
There is no doubt that great
change has taken place in Wal Street.
Today many pools are finding 1t difti-
cult to dispose of their holdings. Today
stock market breaks are perhaps more
accurately attributed to an overabun-
dance of pools carrying large blocks OF
undistributed stocks rather than to a
public holding tightly to the specu-
lative issues until impaired margins
force them into selling.
Volume Of Trading.
One OF the most characteristic fea-
lures Of recent reactions has been the
speed with which liquidation has dried
up on the decline. Up until now a
decline has started with fairly heavy
volume of trading, but as the decline
proceeded the volume fell of noticea-
bly,. Finally. with only small amount
of forced liquidation, the point was
reached where the market rallied back
sharply.
AS long as the volume of trading re-
mains large and stocks decline 1t p
safe to conclude that the reaction. Is
not over. But when the market b3-
comes dull it usually indicates change
in trend.
Copyright. 1927
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE. Nd. March 28.-
Potatoes, white, 100 pounds, 75al.25;
new potatoes, bushel, 1.25a225; sweet
potatoes, barrel, 2.00a3.50; bushel, / GOA
$50; vans, barrel, 200a4.50; bushel
LOCAL so; asparagus, dozen, 3.00a800
beans. bushel, 2.00a3.75; beets, crate,
2.5oa275: cabbage, hamper, 75ai.40;
carrots, bushel, 1.50a1.75; cauliflower,
crate, 1.75a2.50; celery, crate, 1.75a3.00;
cucumbers, bushel, 350a5.50; eggplant
crate, 25oa4.50; kale, bushel, 85al 90;
lettuce, hamper, 75a1.75; onions, 100
pounds, 500: peppers, crate. 1.50a
400; parsnips, basket, 25a35; radishes,
bushel, 1.50a2.25; squash. crate. 1.50a
$50; spinach, bushel. 60a90; tomatoes,
crate, 2.25a5.25; turnips, basket, 35a50;
apples, bushel, l.50a200; grapefruit,
strawberries, quart, 25a45.
Dairy Market.
Poultry, hve-Turkeys, pound, 35a48:
old, 30a32; young chickens. 40a45; poor
and thin, 25a28; Springers, 46a48; old
hens, 3la33; Leghorns, 30a32; capons,
35a45; ROSTERS, 1920; ducks, 20a32;
guinea fowls, each, 50al.00; pigeons,
pair, ISAAC.
EggS-ReceiptS, 2,307 cases; native
and nearby firsts, free cases, dozen,
261aa26a4: current receipts, 22a24; duck
eggs, 3Sa4S.
Butter-Creamery, good to fancy,
pound, 46a5l; prints. Sass: blocks. 49a
81; ladies. 44a48: rolls. 30a32; dairy
prints, 30a32; store packed, 30a3l |;
process butter, 4la42.
Hay and Grain Prices.
wheat-No. 2 red Winter, garlicky,
spot, 1851; March delivery, 1.25ss.
Corn--No. 2 export, March delivery,
no quotation: No. yellow, domestic,
spot, / .07a1.08; cob corn, S.o0a5.25.
Oats NO. 2 white, domestic, spot
57a58; No.. 3 white, domestic, spot
56a57.
Rye-Nearby, 11oa1.15.
Hay-Receipts, none. While hay is
arriving here in limited quantities only
it is more than ample for the demand
which is being supplied mostly by truck
from nearby points, few carloads be-
ing received. There Is not enough
business passing to establish prices or
the various kinds on merit at a range
of l5.00a16.00 per ton for timothy OF
clover hay.
Straw-No. / wheat, 12.00al2.50 pei
ton; No. l oat, 1250a13.00 per ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
WHEAT is HIGHER
IN EARLY TRADING
Bearish Reports Cause Outbreak OF
Selling, but Prices Re-
main Firm.

BY the Associated Press.
CHICAGO, March 23.--Helped by
better tone in the stock market and by
firmness of Liverpool wheat quotations,
the wheat market here averaged higher
early today However. bearish reports
concerning domestic Winter wheat crop
conditions led to increased selling on
price bulges. Opening Il to 1h up,
wheat later kept near to the initial fig
ures. Corn, oats and provisions like
wise were firmer, with corn starting at
shade to "a gain, and subsequently
continuing to display strength.
Although upturns in the security mar
ket today tended to stimulate grain
! price advances, wheat traders showed
| decided interest relative to ccmpre-
| hensive report by a leading Chicago
crop expert, who has just returned from
a field observation trip through the
Southwest. He said that he found less
| than the usual amount Of Winter kill
| ing of wheat and more than the Usual
| amount of moisture in the soil. Both
Of these factors were regarded as very
| encouraging at the present stage OF the
| crop, especially so as to absence Of dry
hampering condition In past years.
| On the other hand, the report said
that the crop as whole was back
ward, and that much would depend
upon Spring stooling and frequency of
moisture to keep surface soil from
blowing.
Rains today In Oklahoma and Kansas
we're also a good deal of an offset for
the stimulus which the wheat market
received from stock market gains. Ok
| lahoma was reported to have had from
d.. -
the entire State, with the best down.
pours coming where chiefly needed
kansas advices were also to the effect
that rain was general over the sections
where soil blowing has been most in
evidence.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
Arrange for Exhibit.

BALTIMORE, Md, March % (Spe-
ciaD Harold Dotterer, chief OF the
division district ONCE, and Nicholas
Eckhardt, jr.. head Of the drafting divi-
sion of the Bureau of Foreign and Do
mestic Commerce Of the Department OF
Commerce, were in Baltimore this week
to arrange for an exhibit by the depart
ment at the National Foreign Trade
Convention, to be held here on April
II, 10 and 10.
The Federal exhibit will include an
illuminated map of the world. framed
in velvet against mahogany back
ground, with red lights showing foreign
Offices and green lights domestic offices
of the department, and a thermometer
chart showing the growth Of American
exports from 1922 to 1928. In 1927
Americas export temperature" went
up to 5000, 900 900 and 1928 will show
further rise, it is said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
BRITISH GEN. ELECTRIC
SHARE SALES MODIFIED
Rv the Associated Press.

BY the Associated Press.
LONDON. March 28.-American
shareholders of the British General
Electric Co will have the right to sub
scribe to the 100000 new 81 shares OF
the company under a new plan an.
nounced today, but will not be entitled
to permanent ownership.
At a meeting of stockholders OF the
General Electric this afternoon the
shareholders amid cheers confirmed by
vote a resolution which they adopted on
March IS providing for the issue OF new
shares, the permanent ownership OF
which will be confined to British sub
tects.
To satisfy the American shareholders,
however. Sir Hugo Hirst, the chairman
said that the proposed new issue Woulo
be offered to. all shareholders under
certain conditions. All foreign share
holders. however, must dispose OF their
rights in the new issue within a given
period at price to be determined by
free market on the London STOCK Ex-
change.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28

Naturally when the stocks of almost
every company in an industry advanced
sharply that industry was sure to have
shown fundamental extra improvement
during this period. But in addition
there is large number of industries
In which business always fluctuates
widely. Especially is this true of those
producing raw materials or catering
to manufacturers or wholesale trade.
When. general business Is good these
companies make large profits. which
shrink abruptly when business becomes
less active.
Every industry presents different
problems to the investor, for no two
see alike, but the conservative investor
is aware that some stocks have shown
spectacular advances simply because of
the excellent business conditions ex-
isting generally and not because Of a
permanently improved position of the
company. Stock market reactions gen.
orally affect most seriously those stocks
which have been rushed forward in a
previous advance and which have over
discounted business prospects.
Pools.
A million-share pool in Radio has
recently created much public interest.
According to rumors, the pool was
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
BY KENNETH S. VAN sTRUM.

NEW YORK. March 28.-The low
prices of last June of all stocks listed
on New York Stock Exchange, when
compared with prices recently reached
in the last stock market peak, show
that the broad rise in stock values m
cluded many different sections of the
list. Contrary to many opinions, it was
not a "selective" market, but a major
bull trend which affected the stocks of
all companies which could in any way
be considered to have profit possibili-
ties.
Naturally the rise was not uniform
in all groups. The oil, copper, food
product and steel groups in which con-
ditions were improving rapidly, moved
faster than others. Nevertheless, the
fact that 243 stocks, approximately one
fourth of the entire list, increased more
than SO l-3 per cent in value within
five months indicates the breadth of the
rise. There were, of course, many
others besides the ones which made
more spectacular advances, which reg
istered substantial increases.
The following table lists the number
of stocks in each industry which ad-
vanced more than one-third In value
from June to March:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
iOIL PRODUCTION
| CONTROL is LIKELY
Plans Understood to Include Prac-
tically All Fields
in World.

Special Dispatch to The star.

Special Dispatch to The star.
NEW YORK, March 2s.--Plans by
which the petroleum industry proposes
to limit production in 1929 to the
amount produced in 1928 still are in
definite. although they are supposed to
become effective April /.
The volume produced in 1928 was L.
s97, 816, 1913 barrels. Even that was far
too high to put the industry on thor
oughly sound footing. Efforts were
made in that year to secure curtailment,
and while they we're partially successful,
the result was not entirely conclusive.
So far this year oil production has
been about 200, 1000 barrels a day In ex-
cess of the average of 1929 when daily
production was 2,453,05l. The oil men
who met to formulate a plan to restrict
oil production represent perhaps be-
tween IS and 80 per cent of the produc-
ton of the Western Hemisphere.
Much of the curtailment it is admit
ted, must be by voluntary action. The
men who have agreed to take this &C.
ton represent the largest producers, but
they do not represent the entire In
dustry. It is true that some States have
laws which operate to restrict produce
ton and conserve deposits, but In gen.
eral the agreement reached here Is IKE
an amendment to the Constitution with
out an enabling act.
This difficulty is merely temporary,
many we'll informed men believe. They
feel that with the enthusiastic co-opera-
ton indicated at the meeting here the
district committees will be able to work
out measures which will make restric-
ton effective and restore the industry
to sound basis. They agree, however,
that the task is not a light one. One of
the most favorable aspects of the situa-
ton is that the agreement as reached
seems likely to take care of the Central
and South American production. which
has been a dark cloud on the horizon
for months. Domestic production and
consumption have been brought fairly
close together. With this danger re-
moved. the situation is immeasurably
bettered.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
COTTON PRICES FIRM
IN OPENING SALES
Offerings Quickly Absorbed by
Covering and Early Trade
Buying.

p the Associated Press.
NEW YORK, March 23-Cotton
opened steady today at decline Of 2
points to an advance of 4 points. There
appeared to be some overnight selling
orders for execution at the opening
particularly in May and July. which
tended to Offset the influence of rela-
lively firm cables.
Offerings were readily absorbed by
covering and some trade and commits
sion house buying. however. and the
market soon showed net advances OF Q
to Is points. May sold up from 2068
to 2078, and the new october contract
advanced to zoos. Reports of showers
in the Eastern belt may have brought
! in little buying of new crop months.
but weather in the West was considered
favorable.
Liverpool cable advices said the
market there had advanced on foreign
buying and covering. but that demand
for cotton cloths was quieter, with
small turnover in yarns.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
Film Ruling Discussed.

PARIS, March 20 R.-Defnite
abandonment of the French market by
American motion picture companies and
the consequent cessation Of the distri-
button of French news reels by Ameri-
can producers were subjects seriously
considered today at meeting of repre-
sentatives of American motion picture
houses in Paris.
The meeting was called in conse-
quence of confirmation by the French
Cinematograph Syndicate of regulations
requiring American firms to take one
French picture for every three Ameri-
can films sold in France.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
Public Utilities

Special Dispatch to The Star.
NEW YORK, March 28.-Kansas City
Power g. Light Co. in its report for the
IL months ended February %, shows a
profit Of $5431 1926 after expenses, in
terest, amortization, etc. but before de-
probation compared with S4.827 1922 IN
the preceding IL months. Gross
amounted to S13918,602 contrasted
with S12,863, 436. Profit for February
was 1892, 638 before depreciation against
S474.6l9 in February, 1928, and gross
81 ,287, 40s compared with $l,20l,940.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
Mortgage Firms Merged.

NEW YORK. March 20 Lp)-Consoli-
dalton of the Mortgage Bond Co. Of
New York and the Maryland Mortgage
g. National Title Co. Of Baltimore
through formation of a holding COM
pany to be known as the Mortgage
Bond & Title Corporation has been an
nounced It will operate on a national
scale. Total resources will approximate
$45, 100000. George A. Hurd, president
of the Mortgage-Bond Co., will be
chairman of the new company and
Robert G. Merrick, head of the Mary
land company, president.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
Automobiles.

CLEVELAND Cleveland auto plants
report a good demand for business and
high degree Of activity. Peerless In
the first half of March maintained the
high record established in January and
February when the company, according
to President l.. r. German, sold twice
as many cars as were ever sold in those
months before by the Peerless organiza-
tiop
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
Steel.

CHICAGO.-Product of finished
steel in this district is expected to set
new all-time record for March, with
similar record in sight for the first
quarter Ingot production is running at
90 per cent of capacity and 20 Of the So
blast furnaces in the district are blow
ing. Demand continues active.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
Lumber.

OTTAWA, Ontario.-Exports Of lum-
Der from Canada during February. at
S3,297.254, decreased $646,294 in value,
as compared with the month last year,
when lumber valued at s3,943,548 was
shipped out of the country.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
Commodity Notes
Potatoes.

ST. PAUL, Mimi. March 28.-Plant-
ing of potatoes in this district, accord
ing to early advices. viii be 80 per cent
less than a year ago. when the large
crop giutted the market and forced
prices sharply lower. The reduction In
acreage for the entire country Is set at
about 10 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
STATEMENT OF THE CONDITION
The Metropolitan Casualty
Insurance Company of N. Y.

auired under the District OF Columbia Code
amended June 80, 1902, and August Is, 1911.
GAplIdI StCCA 9lt0uUtVOOsuU
Capital stock, pad up. in cash l,5Uo, 000. 90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
STATEMENT OF THE CONDITION
of the
Camden Fire Insurance
Association of Camden; N. ].

On the 3lst day OF December. 1928, as re-
CURED under the District OF Columbia Code,
amended June 30, 1902. and August 10, 1911.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
STATEMENT OF THE CONDITION
OF THE
The Baltimore American
Insurance Company
of New York

On the 3ist day Of December, 1878, as re-
CURED under the District Of Columbia
Code. amended June 50, 1902, and August
Is, 1911.
CAPITAL stock. 81 600 600 600 GO GO
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
TREASURY CERTIFICATES.

tReported by ]. 4 W. selisman g co.,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-28
GERMAN BONDS AND STOCKS.

NEW YORK, March % Especially -
Bid. Asked.
Ger Govt Red Loan with draw
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-27
Fight in Detail
Round One.

NOunu O0Cs
At the bell they went to the center
of the ring and each missed a left lead.
Sharkey landed left hook to the stom-
ach and a left and right as they went
into a clinch. They exchanged left
jabs. Sharkey jabbed Loughran twice
to the face and took left jab to the
light left to the face and followed with
two more as Sharkey missed q right
swing.
Sharkey landed right to the head,
took right to the body and reached
Loughran with a left to the head.
Loughran jabbed two. let's to the face.
Again Loughran landed a left jab to
the head and they clinched.
Sharkey caught Loughran with left
hook to the head. Loughran blocked a
left to the head as they clinched.
1t was Sharkey's round. The men
were both fast and boxing beautifully.
Round Two.
They spared in the center of the
ring. Loughran jabbed with his left
and Sharkey landed a light left and a
left and right to the body. They clinch-
ed. Loughran blocked a left hook to
the head and Sharkey missed a wicked
right. Loughran put right to the
mead ana TIED Sharkey up In a cl1nch.
Loughran landed two lefts to the
head followed by three jabs. Sharkey
put wicked left to the chin and fol-
lowed with right to the head, but
Loughran was going away from the
punch. Tommy drove two rights to the
body.
Loughran jabbed Sharkey twice and
blocked left to the head. Tommy
landed jab, but missed an uppercut
1t was Loughran's round.
Round Three.
Sharkey put Loughran down with a
right to the head. Tommy sat for a
moment and then climbed to his feet
walking to neutral corner. 1t was
evident to all that he was out on his
feet. Sharkey walked in back of him
prepared to deliver finishing blow, but
Magnolia waved him away and leo
Loughran to- his corner.
In moment Loughran had recovered
and shook hands with Sharkey, but he
might as well have been counted out on
the floor. as he knew nothing when he
got up. Fighting instinct alone brought
Loughran to his feet.
(Copyright 1929, by North American News
paper Alliance)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-27
Not Finished as Heavy
Scrapper, Loughran Says
BY TOMMY LOUGHRAN,

BY TOMMY LOUGHRAN,
Retired. Undefeated Light .Hsavyweish
Champion Of the World.
YANKEE STADIUM, NEW YORK,
September 27.-I was beaten by a
great fighter here last night.
Knocked out in the third round by
Jack Sharkey. But I don't count
myself out of the chase for the
heavyweight championship yet other
men have been beaten and come
back and that's what I'm going to do.
I went into that fight thoroughly
convinced that I was going to win.
1 can't understand yet just what
happened.
Through the first round my left
jab had Sharkey fooled It kept
him off balance. I made him lead
just as I had planned to do, and
made him miss.
During the second round fol-
lowed the same plan. He landed
few left hooks to the stomach,
but they didn't bother me. I felt
that had the right idea. that the
plan I had worked out was going
through successfully.
The third round is still haZy in
my mind. We came out. Sharkey
rushed me back against the ropes.
He landed a fairly light left hook
on the chin. We clinched, and I
broke at the word of the referee.
AS I backed they tell me Sharkey
threw a right. Everything went
blank. I have never been Knocked
out before, though have been drop
ped only to come back to win.
This time I got to my feet.
was hurt. There is no question of
that, of course. But. have
squeezed through other hazardous
situations. If Magnolia hadn't stop
ped the fight might have gotten
through this one.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-27
e Shows Convincing Speed and Punching Ability Stopping Logan

posted by Hoffman with the Illinois
State Athletic Commission prior to
Walkers meeting at Chicago with
Tommy Loughran. It was later trans
ferred to the California commission,
and never has been collected.
Both fighters posted $4,000 with
Frank Moran, inspector for the State
Athletic Commission, as a guarantee
that they will weigh in at $50 pounds
or less on the afternoon before the
fight.
Walker will leave for Soper's Ranch,
in the Ventura Hills, where he will
start training. Hudkins will train at
the Bastanchury Ranch. The fight
will be the Nebraskan's second try for
the middleweight crown He lost a
decision to Walker year ago last Sum-
mer at Chicago. but placed himself in
line for another championship match
last Tuesday with crushing defeat
administered to Joe Anderson, Ken
lucky scrapper.