davidaulloa/AmericanStories huggingface dataset:
Evening star., 1929-12-11
Postal Plans Expansion.

NEW YORK, December IL CP)-
Col A. H. Griswold, executive vice
president of the Postal Telegraph &
Gable Co., announced yesterday that the
company will undertake $4,000, 900
expansion program in 1880. This is
S2,O00,000 more than was spent on a
similar program during 1929.
No details of the program were an
pnuncad
Evening star., 1929-12-11
REVENUE FREIGHT LoADINGs
By the Associated Press

BY the Associated Press.
Loadings of revenue freight on class
one railroads for the latest week for
which statistics are compiled, and for
comparable periods, are reported as fol-
lows by the American Railway Associa-
ton: ,,..r
Week ending November 80, 837,107
cars. Preceding week, 95O.280 cars
Same week last year, 9O0,556 cars.
General industrial closing, incident
to Thanksgiving holidays, the associa-
ton noted was the chief factor in caus-
ing the drop in loadings between the
last reported week and the preceding
period.
Evening star., 1929-12-11
PARIS BOURSE PRICES.

PARIS, December IL CP).-Prices
were firm on the Bourse today. Three
per cent rentes, 81 francs SO centimes
Five per cent loan, 106 francs 20 CEN
Tins.
Exchange on London, 1913 francs 97Is
centimes. The dollar was quoted at
rs francs SO, centimes.
Evening star., 1929-12-11
Washington Stock Exchange


Pot Elec. cons. 5s-$l 900 at 1Ol.
Wash. Gas 5s-$2 900 at 100.
Wash. Gas IS B-$100 at 102A.
Wash. r. & z. 4S-S1 600 at "a.
Cap. Tract. Colo at rs, z at rs, 10
at rs. r~
Pot. Elee. 6g6 pfd.-10 at 1o9, 10 at
l0s1a, 10 at ITO, 2 at ITO, 10 at 1101a,
3 at 1909.
Pot. Elec. 51aP pfd.-5 at 1O41a.
Wash. r. g. Z. pfd.--1 at 9434.
Riggs Natl. Bank-l0 at $50, S at $50.
Amer, Sec. & Tr. Colo at 435.
Col. Sand g. Or pfd.-20 at 90.
Fed. Amer. Natl. Bk.-l0 at 292, 10
at 292.
Peoples Drug st. pfd.-1O at 1O7M, 10
at LOT.
After Call.
City & Suburban 5s-S4000 at 81.
Cap. Tract. $4,000 at 80, $4,000
at 90.
Peoples Drug Str. pfd.-10 at 107.
Ana. g. Pot. r. r. 5s-$1 900 at 90,
$4,000 at 80.
Mergenthaler Linotype-25 at lot, 25
at lot, is at lot.
Unlisted Department.
ia - raA
Evening star., 1929-12-11
STATE RONDS SOLD.

Award Of a new issue of 100000
State of West Virginia road bonds. due
July /, 1898 to 1852. has been made to
otis dE Co. and L. F. Rothschild G Co
The price paid was 1o012 for $3.50 900
of the bonds, due on July l, 1898 10
to 1852, as As. A group headed by the
Guaranty Co. of New York bid 1OO.62
for the entire issue as AIS. A group
represented by Phelps, Fem & Co. bid
par for $515,00o of the bonds as AIS
and 1885 900 as As.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
Baltimore Markets
Special Dispatch to The Star.
BALTIMORE, Md, February TO-

Special Dispatch to The Star.
BALTIMORE, Md, February 20.-Po-
tatoes, white, 100 pounds, LOCAL .35 !;
new potatoes, bushel, 2.00a3.25; sweet
potatoes, barrel, l.50a3.50; bushel. 75a
$50; vans, barrel, 1.50a3.50; beans,
busllel, 2.5oa5 90; cabbage, hamper, lisa
1925; carrots, buslei, 1.50a1.75; celery
crate, l.75a2.75; cauliflower, crate, 1.50a
200; eggplants, crate, 4.00a6.00; kale,
barrel, 1.50a1.75: lettuce, hamper. LISA
2.25; onions, 100 pounds, 3.5Oa5.5O;
oyster plants, 100, 600a10.00; parsnlps,
basket. 75al.00; peas, bushel. 2.25a3.0o;
peppers, crate, 1.50a3.50; spinach,
bushel, GOALS 90; tomatoes, crate. 1.00a
buslel, 75a2 90; cranberries, half barrel,
7.O0a8.00; grapefruit, box, 200a3.50 /;
tangerines, per half strap, 1.50a2. SO;
oranges, box, 2.25a375; strawberries,
quart, 35a40.
Hay and Grain Prices.
Wheat-No. 2 red Winter, garlicky,
SPOT. LAO: February delivery, 140.
Corn-No. 2 export, February delivery,
1.051s; No. 2 yellow, domestic, spot,
112; cob corn, 5.25a5.50.
Oats-No. 2 white, domestic, spot, Ola
61h; No. 3 white, domestic, spot,
Rye-Nearby. 1.10a1.20.
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
being received. There is not enough
business passing to establish prices on
the various kinds on merit at a range
of l700a19.00 per ton Of timothy or
clover hay
Straw-No. wheat, 1100a1200 per
ton; No. oat, 12.00a13.00 per ton.
Dairy Markets.
Poultry-Alive, young turkeys, pound,
35a42; old. 25a35; young chickens, 34a
AZ; small and poor, co. old hens, 20
ago: Leghorns, 20a28; capons, 33a42
cid roosters, 17a20: ducks, 20a32; guinea
fowl, each. 40a85: pigeons, pair, 30a35.
Dressed Turkeys, young. pound, 35a42:
old, 25a35; chickens, young, 32a36; old
and naked, 28a32; capons, 34a44; old
roosters, 20; ducks, 25a30.
Eggs-Receipts, 507 cases; native and
nearby firsts, 4llaa42; current receipts,
35a40.
Butter-Good to fancy creamery,
pound, 47a52: prints, 52a54; blocks, 81
ass; ladies, 34a38; store packed, 25:
rolls, 25a28; dairy prints, 25a28; process
butter, 41a42.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
WHEAT IS HIGHER
IN INITIAL SALES
Continued Cold Weather In West
and Bearish Crop News
Aid Prices.
BY the Associated Press.

BY the Associated Press.
CHICAGO. February 20.-Severe cold
weather West and Southwest causing
renewed misgivings about crop prospects
did much early today to bring about
higher fprices for wheat. Besides, for
eigners were credited with buying wheat
future deliveries here. Opening 1aaa3
off to q up, wheat afterward showed
material gains all around. Corn, oats
and provisions were also firmer, with
corn starting at IA decline to IL ad.
vance, and subsequently scoring a gen.
eral upturn.
Advances in wheat values today vera
at times square in the face of much
enlarged selling to realize profits. Thers
were also reports that the Liverpool
wheat market was depressed owing To
an influx there of wheat from Argen-
tina and because of transportation diff
culties in Continental European coun-
tries. 1t was furthermore asserted that
although stocks of wheat afioat for Eu-
rope were considerably smaller than a
year ago. they appear sufficient for inn
mediate needs.
Nevertheless, July delivery of wheat
in Chicago assembled today to a new
high price record for the season. Mills
were reported good buyers of wheat to-
day at Kansas City and persistent buy
ing on the part of strong commission
houses here absorbed the future delivery
surplus offerings at frequent intervals.
Trade attention meanwhile conferred
largely on advices telling of crop dam.
age fears and of 20 below temperatures
in various parts Of domestic grain ter
ritory.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
CURB SHARES GAIN
|. ON EASIER CREDIT
Drop in Call Loan Rate Is
/ Followed by Rise in
Market.
BY WILLIAM F. HEFFERNAN.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, February 20.-The Curb
Market was helped today by the further
ease in the rate on call loans.
AS a group. public utilities showed
their ability to recover more readily
than others. Electric Bond e. Share
Securities at 264 compared with yes
terday'S final of 257l4 and carried with
1t the new Electric Bond & Share Co.
issue. American g. Foreign Power war
rants rallied from 1894 to around Ill.
Improvement in others was by no means
as pronounced.
Following the latest developments in
the plans for a merger of Goldman
Sachs Trading and Financial & In
dustrial Securities, whereby peace was
made with the opposing minority fac
ton of stockholders of the latter COM
pany, both issues of Goldman-Sach
moved upward sharply.
Among specialties, Gotham Knitbac
and Metropolitan Chain Stores resumed
their upward trend, both reaching new
highs for the year. Auburn Auto again
featured the motor Group, making a
new high on reports of greatly increased
production schedules and output so far
this year.
The airplane issues, with the eXcep-
ton of NileS-Bement-Pond Boeing and
Curtis Aero Export, were i'll supply
whenever bids were raised. United
States Freight, Checker Cab Manufac-
turing and Newmont Mining were among
the favorites on the buying side.
Passing of the dividend by one of
the prominent independent oil COM
panies had the effect of holding in
check the market for the oil stocks
Humble was freely supplied around the
80 level, but Standard Of Indiana and
Cities Service improved fractionally.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20

u
Berry, president Philip Q. Coffin, vice
president and general auditor; John C.
Rooms and Burdett Stryker, vice presi-
dents; Dozier A. DeVane, general coun-
sci; Deruelle S. Porter, secretary, and
Thomas B. Clarkson, treasurer.
Mr.. Sedan. the new vice president,
entered the employ of the Bell system
at indianapolis in 1903 with the Cen
trail Union Telephone Co. In 1907 he
was appointed special traffic agent of
the Pacific Telephone & Telegraph Co.
at San Francisco. In 1908 he was made
division traffic superintendent at Los
Angeles and in 1919 he was transferred
to a similar position in San Francisco.
In February, 1922, Mr.. Sedan was ap-
pointed general traffic manager of the
Chesapeake 81 Potomac Co. On May
Is, 1927, he was appointed general
manager.
The board in making its report for
1928 to the stockholders showed that
additions and Improvements to the
telephone system in the District of
Columbia during 1929 will involve a
gross fund Of $5,157,000. Net additions
for this year are estimated to be S.
759, 900. Among the major additions
are new buildings and central office
equipment which will involve gross ex-
penditures of $2,8l3,000; outside plant
facilities, 1858 ,000,. and. telephone sta
ton equipment and private branch ex-
change apparatus, $1,290,000. In the
next five years, the company plans to
provide additions and Improvements in
Washington involving expenditures of
$18,664,000, with net additions of So
$4,000.
During 1929 1t is estimated that there
will be an increase in the number of
telephones in the District of Columbia
of 6,700. In 1928 the net gain was GIFTS
telephones, making a. total of 150,360
In service December 81 To secure this
net gain the company installed 26,951
telephones and disconnected 20,176.
Also, IL, 951 telephones were moved from
one location to another during the year.
Additions and improvements to the
Washington telephone system during
1928 involved gross expenditures of
$2.629,6l2.
During 1928 the company took the
first step toward providing dial equip
ment to serve the downtown section of
the city, by the erection of building
on Twelfth street adjoining its present
Main and Franklin offices. While this
project will involve gross expenditures
of about $4,000, 900, only about $780,
600 of this amount will be expended
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
CONTROL OF OIL OUTPUT
is DECLARED DIFFICULT

BY the Associated Press.
NEW YORK, February 20.-Over-
production in the oil industry will be
greater this year than in any other
period in history and production con-
troll is seriously handicapped under
certain provisions of the Sherman anti
trust law, members of the American
Mining and Metallurgical Engineers
were told at their annual meeting here
James A. Veasey, counsel of the Carter
Oil Co., said that, despite efforts to
stem the flow of oil from wells in this
country, overproduction evils appear
more malignant than ever.
Ignorance, Selfishness, stubbornness,
even honest differences of opinion tend
to defeat a policy of voluntary action
on the part of producers to meet the
evil of competitive drilling" he said
The legislative power of the oil-produc-
ing States must be invoked in some
practical way, he believes, to require
the development and operation of the
new oil pools upon cooperative basis.
w. H. Hamilton of the Yale Law
School faculty, in discussing legal
phases of control, said the chief OBJ
struction to control of its production by
an industry was the Sherman act. The
antitrust laws are not now accommo-
dated to the needs of an industry con-
tinental in extent, he said. Repeal Of
the act without replacement with a
more suitable instrument was not to
be recommended. he said, but rather
constructive attack on the problems of
organization in industry.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
CHICAGO LIVE STOCK MARKET

CHICAGO, February 20 CP) Omitted
States Department of Agriculture) -
Hogs-Receipts, $4,000 head; market
mostly steady; top, 1910, paid for a
load of around $50 pounds; largely 10.45
a10.60 market for desirable 160-310
pound weights; butchers, medium to
choice, 250a350 pounds, 1025a10. go:
200-250 pounds, l0.25a10.70: 10000
pounds, 10.25al0.65; 130-160 pounds,
9y00al0.60; packing sows, 9,50a1010;
pigs, medium to choice, 90-130 pounds,
7.75a95O.
Cattle-Receipts, 1000 head; calves,
receipts. 1000 head; steady to 25 higher
trade; light yearlings and all grades
of light heifers sharing advance on an
active market; weighty bullocks very
scarce; largely a forced trade; all in
terests competing to get numbers; part
load of light yearlings, 1850; best
heavies, 1925: choice kinds absent;
slaughter classes, steers, good and
choice, 1,300-1 500 pounds, 1250a1475;
1,l00-1, 800 pounds, 12.75a15O0; $50
LOO pounds, 12.50a15.00; common and
medium, $50 pounds and up. 9.00a12.75;
fed yearlings, good and choice, 750-950
pounds, 12.75al5.00.
Heifers, good and choice, $50 pounds
down, 1175a14.00: common and me-
0AuAAis o.oVoAA.t0. OOWSB 6uOA nAAA N110ASS,
8.50al0.25: common and medium, 6.75
ALSO; low cutter and cutter, 6.00a6.75.
Bulls, good and choice (beef), 9.40a
1850: cutter and medium, 8.00a9.40.
Vealers milk fed), good and choice,
13.75a1625; medium, 12.50a13.75; Gull
and common, 8.00a12.50. Stocker and
feeder steers, good and choice (aIl
weights), 10.75a1l.50; common and me-
dunn, 8.25al0.75.
Sheep Receipts, $4,000 head; mar
ket steady to shade higher; bulk fat
lambs, 16.25a16.75; top, 1875; sheep
steady; few decks of feeding lambs
steady to 15.50a15.85. Lambs, good and
choice, 90 pounds down, 15.90al7 90;
medium to choice $50 pounds down.
7.50a9.40; Gull and common, 3.75a7 So
Feeder lambs, good and choice, 14.50a
1900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20

during 1929. The dial system equip
ment is scheduled to be placed in serv-
ice early in 1880.
Telephone operating revenues amount
ed to $7,914,206 during 1923, the report
shows. Operating expenses amounted
to $6,198,36 leaving net telephone rev.
enues of $1,715,838. The net earnings
of the company from operations in 1923
we're 6.42 per cent on the average book
cost of the property, including working
capital.
Service Improvements brought about
last year show a considerable reduc-
ton in the average time from the filing
of the toll call To the start of CONVEX
sation.
Theodore N. Vail medals for note
worthy public service, the report shows,
were awarded during the year to B. M.
Davidson and j. E. Witherite of Wash
ington, who by their quick thinking and
initiative saved the life of man who
had been overcome by gas fumes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, February 2O.-With the
application of the Baltimore g. Ohio
Railroad to the Interstate Commerce
Commission for permission to hold or
purchase control of other lines that fit
into this system and similar request
from the Van Sweringens, the 1irst
steps in an effort to obtain official sup
port of the Eastern merger plan have
been taken.
Both the Baltimore g. Ohio and the
Nickel Plate and Chesapeake &c Ohio
interests announced some weeks ago
that they intended to make such appli-
cations. At that time the general
scheme of merger which they proposed
was outlined. 1t has been felt that
this was done in order to anticipate Inc
action of the Interstate Commerce Com
mission relative to purchases that both
systems had already made and which
are now under review.
Opposition Is Seen.
Another reason for the applications
is believed to be that of bringing both
the New York Central and the Penn
sylvania Railroad arrangements out
into the open and declaring themselves
with respect to the holdings by the Ball
timore & Ohio and the Van Sweringens
of railroad properties over which there
is more or less of a contest.
The fight is likely to center around
the request of the Baltimore & Ohio to
merge with the Reading and the Gen.
trail Railroad of New Jersey in which
lines it now has large investment.
There has been no indication up to
the present time of how the New York
Central, which is the other large stock
holder in the Reading, will regard the
Baltimore &c Ohio's request, although
there is reason to believe that the VAN
derbilt road would be willing to turn
over its Reading stock to the Baltimore
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
EASTERN RAILROAD MERGER
PLANS OFFICIALLY LAUNCHED

& Ohio If it could obtain control of the
Lehigh Valley now held by the Penn
sylvania.
The lineup In the Eastern railroad
situation is much as it has been for
the last few years, with the Baltimore
& Ohio, the Van Sweringens and the
New York Central rather closely united
in a general policy of unification and
the Pennsylvania Railroad opposing
certain essential features of it. The
Pennsylvania is in strong trading po-
sition in having bought a majority in
terest in the Wabash and the Lehigh
Valley, which gives it both an opportu-
nifty to deal with the New York Gen.
trail, which would like the Lehigh VAL
ley, and with the Van Sweringens, who
at present are dominant in region
along the Great Lakes into which the
Pennsylvania feels it must penetrate in
order to gain full traffic facilities for its
lines. 1t is understood also that the
Pennsylvania is not friendly to the
Baltimore & Ohio's demand for con-
troll of the Reading and the Central
Railroad of New Jersey.
Expect Long Contest.
Railroad men expect to see long
and stubborn contest in the Eastern
field. They would not be surprised, II
in the end, 1t would be necessary for
President-elect Hoover TO take hand
in the situation and force concessions
from all the parties concerned, in or
der to bring about merger believed to
be in the public interest and necessary
If other consultations are to be effected
elsewhere in the United States.
Daniel Willard, president of the Bal
timore g. Ohio. has just been quoted to
the effect that within few years there
are likely to be only Is or 20 systems
in the country, which would follow the
plan of unification that has success
fully been adopted in Great Britain,
France and in Canada.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
COTTON PRICES FIRM
IN EARLY TRADING
Market Fluctuates Narrowly, With
Some Near-Month Liqui-
dation.
By the Associated Press.

BY the Associated Press.
NEW YORK. February 2O.-Cottor
opened steady at decline of 2 point
to an advance of 2 points today, which
was about in line with the showing Of
Liverpool.
Trading was very quiet. with somt
near-month liquidation. A little com.
mission house buying was reported Id
later deliveries. influenced, perhaps. bJ
continued reports of delayed farm worl
in some sections of the cotton belt.
At the end of the first half hour
May was selling around 20.04 and new
October 1885, or net point lower to !
points higher.
Private cables reported local liquida,
ton of nearby months in Liverpool and
continental buying of the later deliver.
les. They also said there was an in.
creased cloth inquiry from both India
and China and better demand fol
yarn.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
Dividend Prospects Fade.

BALTIMORE. February 20 Especially.
Expectation that the Western Mary
land Railway would inaugurate divi-
dends on its first preferred stock early
this year has been about abandoned and
now it is not believed that the manage
ment will consider such a move until
the traffic outlook, particularly coal, in
the territory served by that carrier I'M
dergoes a decided change for the better
1t is believed by many that compile
ton of physical connection between the
Western Maryland and the Pittsburgh
81 West Virginia system at Connellsville,
Pa. will prove of great benefit to the
Western Maryland.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
North Beach Firm Protests.

BALTIMORE, February 20 (SpeciaD.
The North Beach Electric Light IS
Power Co., which was organized to serve
North Beach and other communities ad-
jacent to Chesapeake Beach in Talbot
County, has entered a protest with ths
public service commission against the
Consolidated Gas, Electric Light & Pow
er Co. being permitted to extend its
lines into the territory controlled by this
company through franchise granted il
Reach
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
Auto Accessories Export.

The record breaking export total Of
1922, OCT, 974 established by the auto
motive industry last year included parts,
accessories and service appliances
valued at SOL 1908, or over Is per
cent of the total. it was reported yes
terday by the Department of Com
MERGE lThis was an increase of almost
rs per cent over the previous high
mark of 1927.
Exports of parts, accessories and sta
ton equipment have increased steadily
for the last five years, in 1928 totaling
$6,270, 1l6; in 1924, $31, 627 ,T3O; in 1925,
$42,257.0l8; in 1926, $52,2l5, 628, and in
1927, $65, 048,571.
Shipments of replacement parts &C
count for 10 per cent of the total OF
$64,252, 976.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20

In 1922 the Government decided that
the domestic sugar producers needed
protection because they could not COM
pete effectively against Cuban sugar,
which could be produced for about 1913
cents less per pound. A tariff of 2.06
cents per pound was therefore placed
on sugar. While provisions were made
to give Cuba an 80 per cent preferential
rate, which brought their duty down to
/ rs cents, the .Cubans were still penal
lied at the rate of .43 cents per pound,
since this was the spread between the
cost of producing at home and abroad.
But instead of reducing the tariff to a
balancing level, as recommended by the
Tariff Commission, domestic producers
are now asking Congress to increase the
tariff on sugar still further to "a cents
per pound, thus giving domestic pro-
ducers an even further advantage.
Higher Tariff Threatened.
Today, with sugar at present levels.
the Government receives 1.76 cents
from each pound of sugar imported
from Cuba, while the Cuban producer
receives about % cents and the refiner
about ] cent. A further increase in the
tariff, according to H. C. Lakin, pres
ident of Cuba Co., will take an addi-
t;onal SAL, 300 900 a year from the
Cuban producers and put it into Gov
ernment Golfers Under the present
tariff they are already penalized at the
rate of $117,000,000 a year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
Bar Steel Prices Increased.

NEW YORK, February 20 R.-In-
dependent steel makers in the Youngs-
town district are marking up prices on
bars, plates and shapes 81 a ton for
the second quarter. Sheet mills in that
district are operating at above 90 per
cent of capacity. At Pittsburgh iron
AID steel scrap prices have been re-
64ced 50 cents ton
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20

nOuncement MADE
by the company
following the an
nual meeting of the
stockholders in New
York City Monday.
The board of di-
rectors, which in
cludes Albert E.
Berry, Charles j.
Bell, Edwin c. Gra-
ham, John Poole,
B. Francis Saul, all
of Washington, and
Walter S. Clifford
and Eugene S. Will
son of New York,
was reelected.
The officers of the
COMPANY reelected
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-20
BANKERS ACCEPTANCES
RATES TO BE RAISED
By the Associated Press.

BY the Associated Press.
The Federal Reserve, Board an
nounced today that 1t would approve an
increase in the buying rates of bankers
acceptances by all Federal reserve banks
to conform with the rates of the New
York Federal reserve banks.
The acceptance rates now are for
/ to As days, per cent: 46 to 80 days,
SIS per cent; 81 to 100 days, 51a per
cent.
The Federal reserve banks at Dallas
Minneapolis, Kansas City, San Fran
CISCO Atlanta and st. Louis already have
applied for permission to increase their
rates.