davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21
BY KENNETH s. VAN sTRUM.

NEW YORK, February 21.-It is diff
ficult to know when to buy stocks on
reaction, for, In order to purchase at
really advantageous prices, 1t Is neces-
sary not only to buy when the financial
world looks the blacklist, but the buyer
must run the risk of seeing the price
of stock fall considerably lower a few
minutes after the purchase is made.
Double Bottoms.
One rule which might we'll be adopted
however, is never TO buy stocks until
the market has definitely shown that II
has the power to recover sharply from
a low point. There is no need to be
afraid of missing low prices the first
time, for experience has shown that
when prices meet resistance to a decline
they invariably make several attempts
to force their way through to still lower
levels before it is definitely proven that
the buying power is stronger than the
selling, and a permanent rise IN prices
commences.
No two stock market reactions have
ever been similar enough to allow
do W CAdSGy WAAae
happens when stocks decline. Yet there
is something strangely familiar about
the way stocks act as a decline pro-
crosses. For instance several points are
always reached where the market be-
comes oversold and sharp rallies occur.
Sometimes they last only a few hours
and other times several days. but these
rallies soon fail to attract following
and prices melt away again.
Finally, real resistance to the decline
Is encountered. This point may be rec
ognized when stocks rally, sink back
close to the old levels; but the main
body of stocks does not reach lower
prices. Here is the point at which it Is
most profitable to buy.
The experience of recent years gives
some idea of when this point has ar
rived. The Is important stock market
reactions since 1919 are listed below,
with the number of days during each
reaction that stock average dipped to
a low point and failed to reach new low
levels by any important amount. Since
stocks, after they have once dropped
sharply to low point, invariably re-
turn to those lows again soon, 1t would
seem best to wait until they fall back
a second time in order to determine
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21

Special Dispatch to The Star.
NEW YORK, February 21.-With
the application of the Chesapeake &
Ohio Railway to the Interstate Com
merce Commission for approval of its
scheme to group together lines now
recognized as being under the influence
of the Van Sweringens. as well as
certain other roads, the commission has
before it plans involving about $1,000
miles of railroad properties in which
there is a total investment of approx
mately $4,700, 100000 The mileage of
the proposed Chesapeake & Ohio sys-
tenn is 13,148 and that of the Balti-
more g. Ohio, 4,141 miles.
The significant feature of the APP
plication in behalf of the Chesapeake
& Ohio is the request contained in II
that there be added to the Van Swerin-
gen group, which now includes the
Chesapeake & Ohio, Hooking Valley,
Pere Marquette, New York, Chicago &
st. Louis and Erie Systems, the
Wheeling g. Lake Erie, Chicago &
Eastern Illinois and the Delaware,
Lackawanna & Western.
Harmony Of Relations.
The Lackawanna is practically the
only important Eastern line outside
of New England that Is not now in
some degree tied up financially or in
an operating agreement with any one
of the four big systems. Control OF
it is understood to be held by the First
National Bank and Morgan interests,
who also are closely Identified with
the New York Central.
An indication of the harmony OF re-
lations between the Baltimore & Ohio
and the Van Sweringens is suggested In
the willingness of the latter, in their
application, to waive control of the Buff
falo, Rochester & Pittsburgh, which was
purchased a few months ago from the
Iselin and Roosevelt groups and to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21
GROWTH OF TRUST
BUSINESS IS NOTED
BY JOHN F. SINCLAIR.


Special Dispatch to The Star
NEW YORK, February 21.-F. H.
Sisson, New York banker, says 1928 was
the best year ever experienced by the
trust companies and by banks doing
trust business.
During that time. the records show,
SOS trust companies and banks received
44,375 appointments as executors and
trustees under wills. There were rs in
situations named in wills more than 100
times each. AS q matter of fact these
rs institutions received more than on
half of all the appointments in the
country during the year. total of &c.
622.
397 estates recorded in 1928 were each
above the million dollar mark, an in
crease of about 80 per cent over 1927.
Joseph S. Mccoy, expert actuary of
the United States Treasury Department,
estimates that the United States has a
total of $4,000 millionaires.
The two largest fortunes probated in
recent months were those of Payne
Whitney and Thomas Fortune Ryan,
both of New York. The Whitney estate
was appraised at 1894, 100000 and the
Ryan estate was estimated at from
500, 100000 to $200,000,000. Both APP
pointed trust companies to administer
the estates.
Among notable list of others who
left estates in trust were James A. Pat
ten, Chicago wheat operator; Jackson
johnson, st. Louis shoe manufacturer
DR.. Frank Crane, New York writer;
William H. Childs, founder of the Bon
Ami Co.; S. Davis Warfield, president
of the Seaboard Air Line; Albert
Champion, spark plug manufacturer;
John G.. Shedd, Marshall Field 81 Co.
OF Chicago; George Barr McCutcheon,
author, and Howard Elliott, railroad
executive.
Copyright, 1929 by North American News
paper Alliance)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21

dull; California crates, Iceberg type,
As dozen, 3.50a3.75; few higher. 400.
Onions-Supplies moderate; demand
light, market dull; Michigan and Ohio,
100-pound sacks yelloWs, u. S. No. /,
medium to large size, 5.50a575; mostly
SIS.
Potatoes-Supplies moderate; demand
slow, market slightly weaker; Michigan,
l50-pound sacks Russell Rurals, u. S.
No. /, 2.00a2.25; Pennsylvania, 150-
pound sacks round whites, U. S. No. /,
2,00a2.15; mostly 200.
Spinach-Supplies moderate; demand
light, market dull; Texas, bushel bas-
ketS, Savoy type, LOCALS.
mand light. partly account weather,
market dull; originals, Florida, skies,
ripes and turning, wrapped, fancy
count, best ATS; fair quality and con-
dition to ordinary quality and condi-
ton. 3.00a400; choice count, best, 3.25;
poorer. Iowas, 200.
String beans-Supplies light; demand
light, market dull; Florida, Ts-bushel
hampers, green, 2.50a3.50, mostly around
800; poorer, spotted Iowas, $1.50.
Peppers Supplies light; demand
light, market dull; Florida, pepper
crates, fancy, 3.50a3.75; choice, ASA
800.
Squash-Supplies light; demand light,
market dull Florida, pepper crates,
white, wrapped. 325a3.50.
Cucumbers-Supplies light; demand
light, market dull; Iowa and Illinois,
dollhouse. 2-dozen cartons, extra fancy,
400; fancy, $50.
Eggplant-No supplies on market.
trawberies-Supplies light; demand
slow, market slightly weaker; Florida,
32-quart crates, various varieties, fair
quality and condition, Is per quart;
pony refrigerators, various varieties, IS
a40 per quart.
Caulifiower-Supplies moderate; de-
mand light, market steady; California,
pony crates, 1.50a1.75, few high as 200;
fair quality low as 1.25.
Carrots-Supplies moderate: demand
slow, market dull; Texas, Western let
tuce crates, 2.75a3.00; bushel baskets,
punched, 2.15a2.25.
Beets-Supplies light; demand light,
market dull; Texas. Western lettuce
crates, 2.25a250; bushel baskets,
punched, $50; few fair condition, 125.
Oranges-Supplies moderate; demand
partly account weather: market dull:
Florida, boxes, No. /, medium to large
size, 3.50a3.75.
Grapefruit-Supplies light: demand
light, market dull; Florida, boxes, No.
/, medium size. $50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21
Iron Ore CONSUMPTION.

NEW YORK, February 81 G4O.-Con-
sumption of Lake Superior iron ore in
January totaled 5,195,034 tons, COM
pared with 4,996,828 tons in December.
Consumption increased 891, 902 tons over
January. 1928.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21
Unlisted Department.
Plans improvements.

NEW YORK, February 81 LE).--Gult
Refining Co. plans to spend $4,000, OoC
on improvements of its plant at Port
Arthur, Tex.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21
Washington Stock Exchange
SALES.


CAPITAL Traction $500 at 100Is.
Washington Gas 5s-S1 900 at 102,
$1,000 at 1O2, $1,000 at 102, $1,000 at
1922
Washington Gas 6s "A"-s10O at 1924,
5000 at 1023t.
Potomac Electric CO pfd.-5 at l117s.
Potomac Electric 5l2S pfd.-Five at
1882. S at 1882.
Title g. Inv. Co. Md. COMIC at As.
Mergenthaler Linotype-5 at 1864, 90
at 10714, at 10714, at 107k, 10 at
1O71a, 10 at 1912, 10 at 1918.
Natl. Mtge. & Inv. pfd.-2o at SIS, 20
at 57s, 10 at 57s.
Peoples Drug Stores pfd.-20 at 116l3.
AFTER CALL.
Washington Rwy. gen. 6s-$1,000 at
1919.
Potomac Electric Cons. SSH 900 at
102.
Washington Ry. & FL 4s-$1 900 at So
Capital Traction SSH 900 at i0l.
Peoples Drug Stores pfc.--5 at lie.
Riggs National Bank-20 at SIG.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21
UNLISTED DEPT.

Metropolitan club-I,000 at 9212.
Park Savings Bank-10 at 81.
Notice-This exchange will close tomor-
row, Washington's Birthday, and Satur-
; day, February %.
Bid and Asked Prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21
METAL SALES MOUNT.

NEW YORK, February 81 CP-De-
velopments in the market for non-fer-
rous metals in the past week were most
ly favorable, with continued strength
in lead a feature, says Engineering and
Mining Journal. Copper and zinc were
unchanged, but more than twice the
volume of business done the preceding
week was booked. Lead prices, on
heels of good demand, were advanced
10 n0intS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21
OIL EXPORT COMPANY.

The Standard Oil Co. of New Jersey
and three other companies under its
control have notified the Federal Trade
Commission of their formation of the
Standard Oil Export Corporation,
which will engage in the export of
petroleum and petroleum products.
A list of officers and stockholders of
the new corporation was filed with the
commission yesterday as required by
the export trade act, which grants
exemption from antitrust laws to an
association engaging solely in export
trade. The other members of the new
firm are Standard Oil Co. of Louisiana,
Carter Oil Co, New York City. and
Humble Oil g. Refining Co, Houston,
Tex. The corporation will maintain
offices in New York City.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21

whether the first resistance point was
a permanent one or merely caused by
the market becoming temporarily over
wait for third or fourth dip. But the
market always dips down twice at least.
In the second column Is shown the
number of days that stock prices re-
manned around the low levels. II is
one of the peculiarities of stock mar
ket reaction that stocks do not recover
Immediately from the blow, for 1t takes
some few days for liquidation to dry
up and sentiment to become optimistic
enough to start broad rise. The fig
ures show that stocks have always
stayed around low levels of a reaction
for at least six days, and that there is
no reason for one to become over
anxious to buy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21
Rayon Prices Reduced.

NEW YORK, February 81 P).-The
Du Pont Rayon Co. second largest do
nestle producer of rayon, has reduced
prices of rayon yarns of all types, on
most of them Is cents pound. The
cut was explained as necessary tc
stabilize the market, which had
become unsettled from importations Of
foreign warns. Another large producer
also is expected to announce a price
change
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-21
MERGENTHALER LINOTYPE CO.

BrookIyn, N. 2, February 10, 1929.
Dividend No. 1873.
A quarterly dividend of SIPS and an extra
dividend Of so cents upon each of the 2S6,000
shares of present outstanding stock of no
par value of Mergenthaler Linotype Com
pany will be paid on March 80, 1929, to the
stockholders OF record as they appear at
transfer books will not be closed.
GEO. l.. SCHARFFENBERGER.
~. ann.nr
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-01
$500, 900 CLUBHOUSE
FOR ALMAS ASKED
Permit Asked for Building to Go
Up at 1885 X Street.
Contract Already Let.

Application for permit for the new
clubhouse of the Alrnas Temple OF the
Shrine has been made at the District
Building.
The structure is to be four stories in
height and will be erected at 1313-l5 K
street, adjoining the present headquar-
tiers of the order. The plans, prepared
by Allen H. Potts, architect, call for a
polychrome, terra Gotta facade of Moor
ish design. The estimated cost is
$500, 900.
On the first floor will be an Egyptian
ballroom, the second floor will house
the general Offices, the third the club
rooms and the fourth floor is planned
to accommodate band rehearsals and
similar activities of the temple Bowling
alleys will be built in the basement.
The clubhouse will have a frontage of
40 feet with depth of lat feet.
The building contract has been award
ed to Charles H. Tompkins e. Co, con-
tracing engineers. Construction will
begin as soon as the permit is issued.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-01
TELLS WHY DRY LAWS
MEET OPPOSITION
Classed by Prohibition Counsel as
Both Positive and Moral, There
fore Not Popular. /

ATLANTA, May Federal prohibit
ton laws are both positive and moral
laws, and being therefore different from
all other laws of the land, are not uni
versally popular, Judge James j. Britt,
Washington, chief counsel for the Fed
eral Prohibition Department. told legal
advisors of the prohibition directors of
Southern States, who were assembled
here yesterday for a school Of inStruc-
ton
AN extremely large section Of our
population-people of intelligence and
standing. too, mind you7---are opposed
to them" he said.
Today's meeting was the. first of q
three-day session in the Federal Build
ing. which win be open to the public.
The Volstead act. the newly passed
Jones law and other prohibition legisla-
ton was discussed.
Among those attending were Wingate
Waring, associate attorney, Richmond
Va; August Hoch, attorney, New Or
leans; Ernest Rowe, attorney, Louisville;
Harry .DeAtley, chief prohibition legal
advisor for Georgia: Albert S. Anderson
and Monroe johnson, all of Savannah;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-01
FEVER CAGSfALL
IN BRAZIL EPIDEMIC
Rio Janeiro Has Been Center
of Outbreak Now Show
ing Decline. ~:
Ey the Associated Press.


GENEVA, May 1.-THE health sec
ton of the League of Nations has re-
caived reports from Brazil indicating
that the incidence Of yellow fever
there had begun to decrease during the
last two or three weeks.
It was announced by a health official
that the league had received advices
from the director Of health service in
Rio de Janeiro saying that the week
ending April q showed SO eases in the
Brazilian capital. with 90 deaths. OF
which were confirmed fever cases by
post-morterIls This report. added TO
previous ones: explained the official,
made the total number OF cases in Rio
de Janeiro since the LIST of january
534 with deaths numbering 234.
The Official added that not many
cases were reported elsewhere in Brazil,
two fatal cases being reported at Bahia
on March 80. with two more early in
April, six at Para on April 6 and six
at Belem for the week ending April 6.
The League health section official
characterized the epidemic as the worst
in Brazil since 1903, Presumably the
disease was taken to Rio dc Janeiro b.
soldiers from the northeastern part of
the country. He continued that as the
first week in April Rio had showed SIS
eases. the epidemic now appeared to be
dwindling.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-01
Maj. Elliott Given Extra DUTY.

Maj. Dabney o. Elliott. Corps of En-
gineers, Munitions Building, has been
assigned to additional duty in command
of the enlisted detachment assigned to
the chief engineers office; Capt. Frank
F. Fulton, finance department, has been
transferred from Governors Island.
N. Y, to the War Department.; Capt
Jerry v. Matejka, Signal Corps, from
the War Department to Fort Mon
mouth, N. j.; Capt. John H. Church,
28th Infantry. from Fort Niagara, N. Y,
to Easton, Md, for duty with the Mary
land National Guard; Capt. Dennis p.
Murphy, Infantry. from Fort George G
Meade. Md, to Fort Rodman. Mass.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-01
DROPS MYSTERY PROBE.

New York Authorities Abandon
Search for DR.. Brancati.
NEW YORK, May / Op).-The dis
trict attorneys office in the Bronx has
announced 1t had dropped les investi-
CATION into the mysterious disappear
ance five months ago of DIR. Charles
Brancati, wealthy middle-aged Italian
physician.
The announcement followed upon the
failure to identify Luigi Romano, now
under arrest in Utica, N. Y, as the
Romano who drew large sums of money
out Of Brancatfs account. Sylvester
Ryan, assistant district attorney, said
he was convinced that Braneati disap-
peared of his own volition.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-01

Atlanta, and l.. H. Hampton
and l.. B. Isaacs, assistants Of Judge
Nj
New Britain herald., 1929-03-06
Yale Loses Aviation Instructor
Whose Lessons Came in Bottles

New Haven, March e.-TP)-
Yale students who have been getting
their flight instruction" in bottles.
will be warned and Captain" Ar
mand Williams, 81, of Washington
D. c.. who claimed to have been an
officer in the Italian royal flying
corps. will be set free with the ad-
monition never again to enter this
state. police indicated today after in
vestigation OF what promised to be
Liquor scandal" at the university.
Williams. a hard-faced. swarthy
man who dressed In Fifth avenue
clothes and drove a sleek. custom
built roadster that was the envy Of
Yale students. is under $500 bonds
awaiting arraignment Saturday for
alleged idleness. He was arrested
last night by campus police as he
left dormtory.
Williams protested he was organ
izing flying school and Offered
credentials purporting to show he
was a veteran war pilot and at one
time had held an endurance record
in Italy. He had no plane.
Examination Of the roadster. police
said, revealed a cleverly constructed
compartment under the floor boards
large enough to accommodate a
sizeable consignment Of bottled
goods.
University authorities said they
had good reason to believe" that
New Britain herald., 1929-03-06
HUGGERS REPULSED
AS They GRAB GIRLS
One Hit on Head With
Umbrella Beats Hasty
Retreat

Two reports OF attempted hugging
Of young girls were made to the
police last night. One was made by
Officer J. w. Riley. who stated that
at about 1880 in the evening girl
reported to him that while she was
walking along North street, young
man approached her from the rear.
hugged her and then attempted to
kiss her. She screamed and the ac-
coster ran away towards Main street
she said. The young Romeo was
about 20 years old, about 5 feet 7
inches in height and Of slender built.
The other attempted hugging took
place on Park street. The report
was made to Officer Edward Car
roll. who was detailed by Lieuten-
ant Samuel Bamforth to investigate
a complaint made by the girl. Ac-
ing on Park street and as she ap-
preached the intersection Of Orchard
street. man apprehended her and
asked her II he could accompany
her. but she refused, whereupon the
man caught her by the leg. To pro-
tect herself from any violence. the
girl struck him with an umbrella
over the head and he left abruptly.
According to the girls description
the man appeared to be about 35
years Of age. about feet inches
in height. and wore a grey coat.
grey trousers and q cap to match.
He was OF dark complexion and had
black moustache.
New Britain herald., 1929-03-06
ACORN CO. WITHDRAWS
EXPANSION Petition
Bearing Factory Will Prob
ably Remove to An.
other Town

4 petition Of the Acorn Bearing
Co. for permission to extend its
manufacturing plant into the resi-
dental district of Mill street, has
been withdrawn, and officers Of the
corporation are now considering
whether the business shall be con-
Quoted in another city or town.
The petition Of this company came
before the board OF adjustment sew
eral months ago. 1t was explained
that the company's product had
found a ready market and that ex-
tensions in the plant size are need
ed to keep pace with orders. Archi-
tect Frederick c. Teich came before
the board with Jacob Neubauer.
president and treasurer Of the COM
pany. and Michael Neubauer, its vice
president and they presented
sketches showing that not only
would the new buildings be Of ar
tistic design. but that the old build
ings would also be treated 50 that
the whole plant would present a
more attractive appearance.
Property owners in the locality
engaged Attorney Emil J. Danberg
and Judge William F. Mangan to
present their objection to encroach-
(COntinued on Page 19O
New Britain herald., 1929-03-06
Boy Finds Pistol
And Kills Sister

Camden, N. j.. March 6.-lP,
Victim OF q hold-up prank
played by her little brother, six
year old Betty Diehl died at 9
hospital early today. Her
brother, John. 8, who shot her
with his fathers revolver yester-
day afternoon, was held at the
house Of detention.
While the parents were absent
John took the weapon. which he
thought was empty. and pointed
it at his sister. saying: Hands
up, I'm a robber." He pressed
the trigger and a bullet entered
Betty's abdomen.
A neighbor. hearing the shot
notified police. To them John
said, Il put Betty in the bathtub
and washed the blood away.
Then a man came and took me
away" an operation and blood
TRANSMISSION failed to save the
little Sirrs life.
New Britain herald., 1929-03-06
anna E. CADWELL'S
estate IS $69,394
Newton w. Baldwin Left
SS,3O5 and John w.
Kienell S2,O64

The late Anna E. Caldwell LETT an
estate values at s69,394.94 according
to an inventory filed today in pro-
bate court by the New Britain Ma
tional bank. executor of the will.
The bulk of the estate consists of
stocks and bonds. the largest item
being that OF SO shares of Rossia
Insurance Co. Of America, valued at
$4,000.
Other stock holdings include: 80
shares American Hardware Corp,
s2,19O; shares American Paper
Goods Co. $500; 25 shares Asso-
ciated Telephone Utilities, s2,50o;
140 shares Credit Alliance Corp.
$40: IS shares Crown Cork &
Seal. so.7OO; 20 shares Greenwich
Water & Gas Co.. s1.960; 25 shares
international Paper e. Power Co.
$2.27S.23; &c shares Lincoln Fire In
surance Co. OF New York, $2.639:
100 shares Rhode Island Public
Service Co.. s2.95o: 35 shares I'm
derwriters Finance Co.. $500; SO
shares United States Shares Corp,
and Bank Stock Trust shares. ST.
CONTINUED on Page ~
New Britain herald., 1929-03-06

Williams was popular puryeyor of
liquor on the campus. but admitted
they had no evidence that would
stand up in court.
The university will be satisfied if
Williams leaves the state. said Dean
Clarence w. Mendel. Il don't care
where he bootlegs SO long as he
doesn't do it here"
The self-styled aviator was report
ed to have had in his possession sew
eral checks and a list of names in
Guiding those of several well-known
students. The list has disappeared
since the arrest. however, and police
disclaim knowledge of it.
Dean Mendel said no drastic ac-
ton against any student implicated
with Williams would be taken, sine,
it could not be established whether
or not the student was a liduor Gus
toner or prospective flying stu
dent.
Williams gave his address as 1910
Nineteenth street, Washington.