davidaulloa/AmericanStories huggingface dataset:
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-27
Washington Letter
BY HERBERT c. PLUarAfER


survivors Of the old south in congress-a 75-yar-old
member Of the senate-has made the most recent at
tempt TO wipe out any trace Of bitterness that may
exist between the north and south.
He is Senator Lee S. Overman Of North Carolina,
for Is years q representative Of his state in the SEN
ate and the second ranking democrat Of that body.
Senator Overman asked his colleagues to approve
a plan which he believes will perpetuate the memor-
able saying Of Gen. Grant at the close Of the Civil
war:
Let US clasp hands across the bloody chasm."
A SYMBOL
There Is being constructed in Washington a bridge
across the Potomac river. The bridge will be SYM
bolic OF a united nation. 1t stretches from the Lin
coin memorial on the Washington side Of the river to
Arlington national cemetery on the Virginia side.
Senator Overman asks that there be placed on
the north end Of the bridge a heroic figure Of Ulysses
S. Grant, facing south. And at the south end Of the
bridge he would have placed a heroic figure OF Robert
e. Lee. facing north.
In the center he would have two figures Of women
claSping hands, representing the north and the south.
The request is contained in a resolution adopted by
the senate. 1t will be forwarded to the Arlington me-
mortal bridge commission and a report made at the
next session OF congress.
II the plan is acceptable. Senator overman will ask
that congress appropriate the necessary funds.
a BoRAH STORY
Now that the new cabinet Is on the job and the
continued status OF Senator Borah as chairman Of
the senate foreign relations committee is definitely
determined, the following story can be told:
Not many months ago, Mrs. Borah, who is famous
in washington for her wit and repartee. was the guest
Of honor at a dinner given in Boise by one OF the
senator's staunchest supporters.
The dinner table conversation drifted to the sub
ject as to who would be President Hoover's secretary
OF state. One Of the guests. with more frankness than
tact. said to Mrs. Borah:
we hear that Senator Borah has been offered the
Secretaryship Of state in the Hoover cabinet"
The other guests we're plainly shocked, but Mrs.
Borah showed no Embarrassment.
YES, that is true" she said with a smile Of inno-
cence. Billy has been offered the secretary Of
state"
The host shifted uneasily. But he didn't know his
Mrs. Borah. who paused slightly for effect, grinned a
bit miSchievouSly and concluded:
by everybody except Mr.. Hoover"
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-27

How comforting to reflect that the ordinary car
voa have n the wonderful one the ad describes-Bir-
tnlnsam News
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-27
Where is Gretna Green7
StarLOre
HI MAGNIFICENT


BY Arthur Dew. Carpenter
Among the outstanding mechani-
cal aids to the astronomer are the
camera, ~spectroscope, radiometer.
but they would be OF practically no
account were it not for the tele-
scope by means OF which they be-
come effective. for the telescope
brings the heavenly bodies within
their range Of observation and
analysis. Remote spiral nebulea
millions OF light years distant are
sharply defined by the telescope,
and the camera makes the picture.
The telescope makes a star suffi-
GENTLY bright TO permit the spec
troscope to analyse its chemical
structure. The delicate radiometer,
assisted by the telescope. registers
the temperatur Of a star OF a
planet
more tomorrow
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
WHEAT PRICES GAIN
IN EARLY TRADING
Corn Values Also Rise-Drought
in Argentina Affects
Market.

BY the Associated Press.
CHICAGO, January 14.-Corn and
wheat today both outdid highest prices
heretofore touched this season. Reports
were current that owing to drought the
prospect of a bumper crop of new corn
in Argentine is definitely gone. The
fact that for the first time Of late
European wheat markets were rejecting
full advances scored ON this side of the
Atlantic had also noticeable bulllsh
influence. Corn started at 12c off to
12c up, and subsequently established
sharp gains all around. Wheat, open
ing &c to FAC higher, advanced further,
but gains failed to hold well. Oats were
firmer. Provisions tended to sag.
Corn buying on big scale for COM
mission houses lifted all deliveries of
corn today to new high-price record
for the season. Drought damage reports
from Argentina formed the basis of
much of the new demand in the corn
market, although showers in BuenoS
Aires provinces were noted. On the
other hand, simultaneous advices came
also that hopes of large corn crop in
Argentina this season apparently had
been at last wiped out by the persistent
lack of adequate moisture at the criti-
cal growth period.
Wheat for July delivery rose today to
new peak price for the season, and
other deliveries went above the highest
point reached heretofore on the present
upturn. Severe cold weather in domes-
tic Winter wheat territory was bullish
factor helping bread-stuff values. Be
sides, Liverpool wheat quotations were
showing more relative strength than
has been the rule of late, and there was
evidence of wheat buying in Chicago
for Canadian account. A contrasting
influence was selling here said to come
from Europeans.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
STOCK PRICE INDEX
SHOWS INCREASES
Upward Trend Indicated Dur
ing Week, but Gains
Are Small.
Special Dispatch to The Star.

NEW HAVEN, Conn, January a.
The price index of industrial common
stocks listed on the New York Exchange
showed an upward course, even though
registering negligible increase last
week. The index of 1860 netted but a
one-tenth point rise over the previous
weeks level. Increases in coppers,
foods, steels and miscellaneous stocks
overbalanced falls in stores, motors,
oils and accessories.
The coppers and miscellaneous metals
index moved up to 2526 from 249.0
through gains in Kennecott, Calumet
and Arizona and National Lead, while
the foods price barometer rose to 1884
from 1917, owing to gains in National
Biscuit and Cuyamel Fruit. Steels
touched 1866 from 145.7 via higher
American Car & Foundry and Otis
General Electric, American Radiator
and National Surety shares were also
evident.
The stores index receded to 220.7
from 1921 via falls in Montgomery
Ward, National BellaS Hess and Macy
prices, while motors coasted downhill
to 284.8 from 1858 through lower
Chrysler, Packard and Nash prices
Rails were drawn upward to 1914 from
1892 by Delaware & Hudson and
Southern Railway strength, and the
public utility index advanced to 1870
from 1893.
The so most actively traded common
industrials moved to 696.0 from $3.50,
with slight drop in the percentage
cash rate of return. Aside from this
indication of the selection for turnover
of stocks paying smaller dividends. the
market gave every indication OF eau
ton and hesitancy.
The compact survey OF New YORK
Stock Exchange movements of common
industrial shares is given below in price
indexes (1926 = 1000 for all shares out
standing and for the weeks SO most
active stocks The last column OF the
table gives the rate of return. on the
weeks so leaders at current prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, Md, January IA
Potatoes, white, 100 pounds, 1.10a1 40;
sweet potatoes, barrel, 75a1.70; yams,
barrel. 1.50a325; beans, buShel, 4.00a
800; beets, 100, 4.00a600; Brussels
sprouts, quart, 20a25; cabbage, hamper,
2.25a2.6 60; 100, 4.00a6.00.
Celery, crate, 1.50a3.50; cucumbers.
bushel, 4O0a8. 90; eggplants, crate, 500a
500; kale, bushel, 50a65; lettuce,
hamper, 1.50a225; onions, 100 pounds,
1.25a4O0: oyster plants, 100, 6.00a1O.0O;
squash, crate, 4.00a15.00; Savoy cabbage,
bushel, 75a1.00; spinach, bushel, 60a
100; tomatoes, crate, 1.00a3.00; turnips.
basket, 5Oa65; apples, bushel, 75a2.00;
cranberries, u barrel, 7.50al0 90; grape
fruit, box, 1000; oranges, box, 2.50a
45O: tangerines, " strap, 200a3.25;
strawberries, per quart, 65a70.
Dairy Market.
Live poultry-Turkeys pound, 32a35;
old, 25a30; Spring chickens, 32a3S; poor
and thin, 90; old hens, 26a31; Leghorns,
25a27; small and poor, 20; old ROSTERS,
18; capons, 34a40; ducks, 27a30; small,
20; geese, 20a26; guineafowls, each, 85;
pigeons, pair, 80.
Dressed poultry-Turkeys, pound, 30a
IS; old, 25a30; young chickens, 30a35;
old and mixed, 25a30; old ROSTERS. 18a
20; capons. 34a43; ducks, 25a3o; geese,
20a26.
Eggs-Receipts. 1.o27 cases; native
and nearby fa rsts free so cases d0zen Goa
Butter-Good to fancy creamery,
pound, 25a391a: prints, 491aa51 u;
blocks, 481sa50Ia: ladies. 38a4O; store
| packed, 30; process butter, 42a43.
Hay and Grain Prices.
Wheat-No red Winter, garlicky,
spot, 1905; January delivery, 1.302s
| Corn-No. 2 export, January delivery
1051a; No. 2 yellow, 1.07; cob corn
500.
Oats-No. 2 white, domestic, spot
58a581a; No. 3 white, domestic, spot
561aa57h.
| 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 bust
ness passing to establish prices on the
various kinds on merit at range OF
1600a18.50 per ton of timothy or clover
hay.
StraW-No. l wheat, 1l.00al2.00 pei
ton; No. oat, 12.00a13.00 per ton.
Live Stock Market.
Cattle-Receipts. 800 head; fair sup
ply; market dull and draggy. Steers
Choice, 1925 to 1875; good, 1900 to
1875; medium, 1000 to It's; common
900 to 1925: feeders and stockers, 600
to HOO. Heifers-Choice, HOO tc
11.50; good. 1000 to 1880; medium
9.25 to CTS; common, 800 to 900; feed
ers and stockers, 7.50 to 900. Bulls
Good to choice, 1000 to 1880; fair tt
good, $50 to $50; common to medium
600 to 800. Cows-Good to choice
stable, 900 to 1000; fair to good, TOO tt
500; common to medium, 400 to 900.
Sheep and lambs-RecefptS 700 head
moderate supply; market higher. Sheep
800 to 500; lambs, 900 to 1850.
/ .Hogs-Receipts, 1890 head; fair sup
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
Shares Market Rate
outSt'g. leaders. retu


Hesitant Activity.
Graded industrial common stocks
showed hesitant activity last week.
First grade stocks gained an ndeX
point, second grades IA points,, Wnlie
third grade issues likewise moved up
single point.
THE first grade or investment issues
registered at 1880, as against 1870 1or
the previous week, because of overbal-
ancing price increase in General Elec-
trio, American Radiator. Westmg-,
house. National Lead and National
Biscuit. Trading activity in the FIRST
three stocks placed them among the
weeks SO leaders.
Second grade or semi-investiment
stocks moved up to 1854 from l64O,
owing to gains In Union Carbon, Ana
conda, Calumet g. Arizona, Collins 81
Aikman and Marland Oil. Vigorous
trading activity was noted in Anaconda
and Union Carbon g. Carbide.
The most speculative issues advanced
to 1903 from 1913, primarily because
of gains in Radio, Congoleum. Federal
Mining, National Surety and Cuyamei
Fruit. The turnoverS in Radio and
Congoleum were large.
Altogether, no one type OF STOCK maze
unusual gains. The unevenesS OF price
movements were apparent in issues OF
all grades.
Below are shown index numbers Tor
prices of three groups of stocks traded
on the New York Stock Exchange,
graded in accordance with their sea-
soning dividend history, credit strength
and size.
1st Grade I'd Grade Sd Grade
Unvest- 0nter- lSpecu-
ment). mediate). lative).
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
GRAIN MARKETS ARE REVIVED
BY HOPES OF FARM RELIEF

It Is the possibility of congressional
action to provide machinery Tor
handling crop SURPRISES, before the next
Winter wheat crop moves to market,
which has given the incentive to push
up wheat prices now. This prospect Is
said to De sufficiently alluring to attract
the attention of big stock traders who
find their own market hesitant and I'M
certain ir trend.
Wheat has been selling at the lowest
level in over four years. World supplies
are excessive and there Is no evidence
of prospective curtailment. Proposed
farm relief legislation, however. would
set up machinery for handling the
American surplus, with revolving fund
totaling S25O,000, 900 available for that
purpose. The prospect is one which
traders appear willing to speculate upon.
During recent months, and in fact
for nearly two years, local commodity
markets have stagnated while attention
was devoted to stocks. So dubious was
the outlook for future trade that the
Board of Trade has laid plans to trade in
securities. Now the center Of interest Is
back on grains, with stock traders them
selves interested. It remains to be seen
whether the present activity Is a false
alarm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
HIGHWAY CONSTRUCTION
PROGRAMS ARE PUSHED

Special Dispatch to The Star.
NEW YORK, January 14.-Thirty-two
States have already issued bonds to help
in the construction of their paved high
ways. This includes Iowa's 100000, 900
issue, agreed to by the voters at the
last election. Thirty-one of the States
have outstanding bonded indebtedness
for State road and bridge work of $780,
100000. To this must be added the
county and township bond indebtedness,
not only in the 81 States referred to, but
in IA others-45 States in all-of
81 1886, 000, 900.
Figures for last year are not yet
available for comparative purposes, but
for 1927 the county and township road
income was $40, 000,0 900, of which about
211a per cent, or $181 10000 was de-
rived from the sale of bonds. or more
than double the sum received from
motor vehicle fees and gas taxation.
Interest rates for bond issues for road
purposes have averaged from 3 to per
cent. The average interest on all State
road and bridge bonds sold in the last
SO years Is 4.35 per cent, according to
the United States Department Of Agri-
culture.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
FARM BUYING POWER
Special Dispatch to The Star.


NEW HAVEN, Conn.,, January IA
The fall in farm purchasing power and
agricultural prices continues with the
rise in non agricultural prices, but at a
more rapid pace. The first now stands
at 97.8, a drop of point in two weeks.
The second, atx96.1, shows only one
tenth of a point decrease, but is lower
than the 1928 low of the last week in
December. The price index of nom
agricultural commodities, on the other
hand, is higher than at any time last
year, registering 98.3.
The high points in the first two In
dexes were, respectively, the second week
in May and the last week in August
last year. Descent has been generally
sustained since its high point in farm
purchasing power, and since mid-Sep-
TENDER in agricultural prices. Nom
agricultural prices are we'll above the
annual averages since 1926.
Index numbers of farm purchasing
power and of agricultural and nom
agricultural prices for various periods
are given in the following table, in
which the average for 1926 represents
100:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
Special DISPATCH to The star.


CHICAGO, January 14-Grain mar
kets have greeted the definite news OF a
special congressional session in April to
consider farm relief with the greatest
activity and strength in months.
1t has sounded so good to spectators
that some of the largest of them are
reported to have come back home after
long association with the boom in the
stock market. AS a result the local COM
modify exchanges are hopeful that they
may again see some real bullish action.
There has been evidence of it in the
recent trade. With no change in all
essentially bearish world situation, wheat
prices have moved from the lowest level
in four years to point over cents
bushel higher in less than week.
But corn has been the real leader. Here
conditions are construed as bulliSh and
with aggressive buying values have been
showed up rapidly until they are just
scraping on the 81 level.
This gives the Midwest farmer his
first thrill in a long while. He has been
holding his corn, banking on specula-
tive activity. His Judgment this time
has been indicated and now corn Is
coming to market in larger volume al
the higher prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
CURB SPEC|ALT|ES
! SCORE FRESH GAIN
Oil and Picture Screen Issues
+ Are Prominent in Up
! ward Move.
BY WILLIAM r. HEFFERNAN.
cial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January ESPECIALLY
favorites which had been in demand at
intervals last week in the Curb Market
continued upward today, new high rec
ords being established in number of
instances
For the moment the utilities most
likely to be affected by the plans for a
gigantic Eastern holding corporation
were less prominent than they had been
last week, but no weakness was appar-
ent. Mohawk Hudson rallied point,
then settled back. Electric Bond 81
Share Securities felt the effect Of profit
taking. which carried the price off sew
eral points, and American Super Power
issues held around Saturdays finals.
Speculative interest centered more
in the speciality favorites. In the oil
group Vacuum and Standard of In
diana were active. In the case of the
former. which was carried to new high
on a gain of points to 122. the pros
pect of special consideration of stock
holders at the February meeting APP
peared to be the incentive. The market
for Standard of Indiana appeared lit
tie concerned over the Rockefeller
Stewart controversy and moved upward
8 point or so on heavy turnover.
Trans-Lux Daylight Picture Screen
was an outstanding feature among the
low-priced SpecialtieS, making a new
high on the announcement of the cleo
ton of one of the board of governors
of the New York Stock Exchange to its
board. West Coast interests are said
to have been responsible for much of
the recent demand following the per-
fecting of the company's rear projec-
ton device to be used in connection
with talking movies.
New Jersey Zinc moved upward sew
eral points to new top, responding TO
the recently announced plan for split
ting up the present share capitalization.
Hart Parr, Grigsby-G runow, Thompson
Products "A" and j. C. Penny were
others that made new highs. The last
made up Is points at 395.
Universal Aviation was turned over in
heavy volume at record prices. Rumors
were current that recently formed in
vestment trust had been responsible for
much of last weeks demand and was in
the market for additional stock today.
Keystone Aircraft and Niles Bement
Pond were others of the group promi-
nent at higher prices.
American International Corporation
new shares of no par value were re-
moved to trading on the Stock Ex-
change. The committee on listing suS-
pended dealing in the capital stock Of
American Rayon Products Corporation
until further notice. No explanation
was given as to the reason for the
suspension.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
DIVIDENDS.

NEW YORK, January IA @.-Mock
Judson Voehringer Co., Inc, OF Phila-
delphia, hosiery makers, today an
nounced declaration of an initial quar-
terly 50-cent dividend on the common
stock, placing the issue on a 81 annual
basis. The dividend is payable Febru-
airy IS to stockholders of record Febru-
airy /. Nathaniel Judson, chairman
said the company will expand manu-
featuring facilities in 1929.
Philip Maslansky, president of New
York Merchandise Co., announced the
company's directors will declare in the
near future an extra 50-cent dividend
on the common stock, rejecting an ex-
ceptionally good year In 1928.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
SUGAR PRODUCERS
SEEKING MARKETS
Heavier Production Causes Move
ment to Increase World
Consumption.
BY J. C. ROYLE.
cial DISPATCH to The Star.

Special Dispatch to The Star.
NEW YORK, January 14.-Most Of
the Cuban centrals are now grinding
sugar cane at top speed and the new
crop sugar from the island is coming on
to the American market.
The restriction on output OF Cuban
sugar by the government of that coun-
try has been removed. In consequence,
it is anticipated that around 4,700,000
tons will be produced before grinding
ceases. It is alleged by domestic grow
ers that perhaps 100000 tons could
be produced if prices and pressure war
ranted it.
indications are that European beet
sugar output will be fully as large as
that of last season. The beet sugar
producers of this country are finishing
up the year with stable amount OF
sugar on hand. The Louisiana cane
growers produced about les. 1896 tons, as
compared with 1912 year ago.
TheE Southern Sugar Co., affiliated
with the Celotex Co., which makes wall
board from bagasse, or sugar cane pulp,
today sopened its new sugar mill at
CleEiston, Fla, which has capacity
ofeI50O tons of cane day. The COM
panv ewns more than 125 900 acres OF
rich land near Lake Okeechobee and
intends eventually to operate string
of mills with total of 10000 tons
grinding capacity. The concern is
planting.12, 900 acres for grinding next
season. The company has projected a
2.50o-tOn mill at Canal Point, where a
6oo-ton mill already is in operation.
Work on this will begin in few weeks.
The Hawaiian planters are expected
to turn out an increasing output In
the coming crop year and efforts which
are being made to curb the production
of sugar in the Philippines on the
ground that the owners of many of the
mills are foreign companies and that
coolie labor is employed. are being
vigorously opposed by the War Depart
ment, which administers many insular
affairs. Java sugar crops are expected
to be large and England is pushing
production at home by means of
bonuses to British growers.
In view of these facts the attention
of sugar producers and refiners is being
turned toward increasing consumption,
which has shown material falling
of in the last year. AS measured by
MEETINGS, this drop exceeded rs per
cent for the year. Consumption in
Europe and elsewhere has been re-
stricted by lack of buying power. This,
however, does not apply in the United
States.
Many solutions are suggested. but it
seems likely that a coordination be-
tween sugar producers and fruit grow
ers will be one of the means employed
There are few preservatives of fruit
equal to sugar. If fresh fruit is put
up in barrels with sugar when ripe
and when there is an excess of fresh
fruit on the market and in the can
neries, it can be marketed later. per-
haps, to better advantage to all con-
cerned.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
Money and Prices
Special Dispatch to The Star.


NEW HAVEN, Conn, January IA
Practically steady at 97.1, the index of
wholesale commodity prices as based on
Dun's quotations continued to show the
result of sustained large consumption
in face of very high production records
in many industries. The dollar lost
only mill in purchasing power last
week. The small fluctuations in these
two gauges indicates nice adjustment
of factors, fairly high rates for money
precluding imitation of business activity
and bettered employment conditions in
surfing STABLE consuming power.
Fluctuations in the general wholesale
price level and in the purchasing power
of the dollar are given below for the
United States for various periods, based
mainly on Dun's quotations. The aver
age for the year 1926 is the base used.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-14
COTTON is HIGHER
ON OPENING SALES
Reactions Are Caused by Realizing
in Trading Early in
Session.
BY the Associated Press.


NEW YORK, January 14.-The cot
ton market opened today to II points
higher, with the active months selling
promoted by relatively steady Liverpool
cables. March sold up to 20.33 and July
to 1892. These prices attracted consid-
cradle realizing and there were reac-
lions of or points from the best.
The offerings were absorbed on reactions
of or points, and the market held
steady at the end of the first half hour
The census report placed domestic con-
sumption for December at 534,352 bales
of lint cotton, compared with 610,834
for November and 538,786 for December
last year.