davidaulloa/AmericanStories huggingface dataset:
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1929-07-04

benefited pastures in dairy Sec !,
TONS. Hay prices in late winter and
spring increased dairy FEED a eo sss
for those who had to buy. On the
other hand, the dairy grain ration
was lower this spring than last.
# Grains continue low in price,
dairymen should plan to lay IN q
supply during the summer.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1929-07-04

being formed, will have !.
the program and lunch NAV q
decided upon at our ms.. sn'' Va
day night to enable H. y y Fl.
raise a little money 70 ~. s,'l : =
work, so hope all GRANGE 'sl' thsil
win cooperate with tber, / .nell6ell
present. " beng
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1929-07-04

service with stereoptican pictures
will be given at 8 o'clock. Special
singing. You are welcome to this
service also at 10 o'clock Sunday
school.
The next Grange meeting will
De on July IL at which time the
Camp Fire Girls, which are now
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1929-07-04


Mrs. w. G. Sweet, a former
Kennewick resident, will spend 9
couple of days next week at the O
T. Stanley home in the Garden
Tracts
Evelyn Olbrich, in training At
st. Vincent's hospital, Portland, il
spending week or two at home
with her mother, Mrs. Amelia Oh
brich.
w. w. Games and A Hallberg
drove to the coast Wednesday on
business. They will spend the
Fourth there.
The Washington times., 1929-08-14

PIentx af bargains in the used-car
Classified ads today. AZ little - $50
down makes you an owner.
The Washington times., 1929-08-14
WHOLE MARKET
JOINS IN BULL
MOVEMENT
BY w. s. COUSINS

NEW YORK, Aug. IA Q.Nsl--
The buying wave in u S. Steel,
Westinghouse, and General Electric
broke with fury over the stock
market in the early trading today
and carried prices 3 to is points
higher in the first half-hour. The
race to higher values was taken up
by the utility stocks, rails ana spe-
cialties. the bulls once again riding
the wave Of a powerful buying
move, sweeping in from al sec.
tions Of the country.
Westinghouse Electric Jumped is
points in as many minutes to
new high at $50. before the over
night accumulation Of buying orders
had been filled. United States Steel
doomed along points to 245 and
General Electric was within q
point Of joining the 400 club when
the stock reeled off 1914 points to
sell at 500. Consolidated Gas led
the utilities with a 5-point jump to
1881. new high price for all
time. American Telephone and
Telegraph was up about points,
and Anaconda was turned over in
big blocks above 1872. the high point
on the move. .Atchison. at the
mead OF tne rallst SOLO up points
at 27s1a.
u. S. Steel shared the lirnelight
with a larger group Of speculative
favurites today than in any full
session in a week or more The
coppers and motors movement
spread with rapidity to the oil
stocks.
Standard Oil Of New Jerseys
new climb to So was taken as an
indication of important develop
ments in the oil industry but spec
ulators were warned away from
the oils by the frequency Of false
starts" in the last year or two.
Hish-prtced stocks were extreme
" sensitive today, and this bears
who have been feeling for the
top LOT the current move have sold
very little stock, according to re-
ports from the brokerage houses.
CaH money was unchanged At Z
npfs cent ~.
The Washington times., 1929-08-14
CAPITALIZATION
STOCK PRICE
RIDDLE

The basic riddle IN connection
with the long.term future Of stock
price II the rate at (which the
public will be willing to capitalize
earnings.
In this new era. in trade and
finance Wall Street has already
changed its basic arithmetic.
About a wear ago John u Raskob
directed attentionrto the fact that
standard iidustrials, which once
sold at 8 to 10 times annual earn
ings, were then quoted at around
Is times earnings.
The rate of capitalizlng earnings
in favored industrial and public
utility shares has since risen to
20 to IS times earnings. On the
other hand, railroad stocks are
still available at between 9 and
1911 times earnings.
Proper Level
q. M. Loeb. ticker tape philoso.
pher, has pointed out:
"If people begin to think OF
stocks I'm terms OF 10 times earn.
tnRs instead Of 20 or 30, we can
have trouble In the stock market,
even II earnings increase"
The proper level Of stock prices
must remain In the realm Of con-
lecture as long as the financial
district is without an accepted
yardstick of values. In recent
years not only have values been
changed, but the footrule itself
has been radically altered.
One reason for the altered
yardstick is widespread recogni.
ton that American business has
become iT1stltutionalized, and It is
now feasible to predict with rea.
sonable certainty which large cor.
porations viii continue through
the years to succeed.
Accordingly, the risk factor.
which In reflected in the price of
speculative securities, has been
reduced, and investors have been
willing to accept without q large
discount the computed expecta.
tons Of future stock values. That
is a primary reason for the
changed yardstick.
Another Factor
A second factor IL the recorni.
ton that growth Is a normal fac
tor in the case Of well.estahlished
business corporations. Accord
ingly. the collective financial mind
Is OF the opinion that 1t Is fal.
lacious to assume that net earn.
ings Of given favored corpora.
ton will be no larger than now in
5 or 10 years.
In times Of financial optimism,
the public has shown q willing
ness to express in current bids for
stocks tts confidence in future
values. The price Of selected
stocks reflects not only established
earning power, but also discounts
a belief that there will be a regu.
lar progression in earnings through
fhA wars
The Washington times., 1929-08-14
Local Produce

Eggs-Current receipts, 33134e,
white hennery. 38@40c.
Poultry-Turkeys 25932c: broilers
Plymouth Rocks. 2 pounds and over,
S0@32c; Rhode Island Reds. 2l4
pounds and over. 30c. Small mixed
colors. 2742Sc; hens large. CSC: Leg
horn hens. 24c: ROSTERS, 1sc. tur.
keys. dressed. S504Oc chickens. $50
S5c: largs fowls, S0432c: large Leg.
horn fowls. 25@27c: keats. roc.
Lambs--12h 91sc.
Calves-15c.
OBSERVATION-DISCLOSURES liberal 9.
naand light, market dull Eastern
Shore Maryland. salmon tints. flats
all sizes. 50075c. mostly. 65075c;
standards all sizes. $101.50: jumbos,
all sizes. $1.25@1.75: mostly $500
LIS. Miscellaneous melons: Supplies
light. Demand moderate. market
steady. California and Arizona,
Honey Dews, standard crates IS to
IS, $1.75@2; few higher Honey Balls,
jumbos, 36s and 45s, $4.25. Standard
SIS and 45s. 1878, standard flats LIS
and 15s. $1.35@1.50.
Lettuce-Western supplies liberal
Demand light, market dull and
slightly weaker. California, crates
Iceberg type. As dozen fair condi.
ton mostly around 81. Colorado,
crates Iceberg type, AS dozen, $3.50
64.0O; mostly around $3.75 ,-ssern
supplies moderate. De- I'D light.
market about steaS New York,
2-dozen crates Big Boston type, tic
@$1.
Peaches-supplies liberal. Demand
moderate, market steady. Della.
ware. Maryland and Virginia, bushel
baskets EIbertas U. s. No. l, me.
dunn size, $1.5o01.75; few 81; large
size. $1.75@2.25; few best, $3.50;
bushel baskets Bellies, medium tt
large size U. s. No. /. $1.5O12.00;
large size, $2.oO@2.25; few fine
quality, $3.50; bushel baskets Bellies
U. 8. No. I, medium to large size
$1.25W1.5O, mostly $3.50. Delaware,
SKIES Elbertas, medium size, $1.25.
onions--Supplies light. Demand
light, market about steady. Massa.
cfusetts, Iowa, 10O-lb. sacks Vel
lows, U. s. No. /, medium to large
size. $2.s503.oO.
| Potatoes-Supplies moderate. De-
mand light. market slightly weaker
New Jersey. 150.lb. sacks Cobblers
/ U. s. No. /, $4.75@5.00, considerable
fair condition. $4.00@4.5o.
Pears - Supplies light. Demand
light. Market slightly weaker. Cali.
fornia boxes, Bartletts, fancy. S3.5O
o.; few best, $4.25.
Watermelons - Supplies moderate.
Demand moderate. Market about
steady. North Carolina, Thurmond
9 .ys. S2-S4-lb. avg, 750s5c; 26-2s-Ib.
avg, mostly around SOC. Virginia
Radios Selects, 5O065c: Primes. CSC
each.
Lima Beans Supplies liberal. De.
mand light. Market steady. e. s.
Maryland, bushel hampers, $1.65@
LIS; few higher.
Peas-Supplies light. Demand mod.
crate. Market firm. washington,
Oregon. 50-lb: crates, $5.50@6. Colo.
RADIO, 45-lb. crates, mostly around SIS.
Apples--Supplies liberal. Demand
light. Market about steady. Mary.
land. Virginia, buShel baskets North.
| western Greetings, u. s. No. ], ~
inches up. 81. Grimes trading slow.
account green, q. s. No. 1. ~ inches
| up. 81; unclassified Grimes, ~
inches up, $1.25@1.50: u. s. Ne. I,
2i5 inches up. Fan Pippins, &1.T5.
The Washington times., 1929-08-14
,Ying KaO Opium Trio
Turned Over to China

SAN FRANCISCO, Aug. 14Q.N.s).
Y1nk kao, suspended Chinese vice
consul; his wife, Mrs. Susie Kao.
and Sun Foon, chancellor of the
Chinese consulate, who recently
were indicted as principals in "a
SoVU,0OO opium smuggling con-
spiracy, today were ordered re-
leased by Federal authorities so
they might be taken back to China
for trial
The three will sail tomorrow in
eustody of guards.
The Washington times., 1929-08-14
TRACTION ENDS
FARE RAISE
PLEA
tcontinued from PaEe 1a.l

NOHti1ueu IIOm rage 1oJ
Follows generally the lines of the
aEreerient Submitted some time ago
by Harley p, Wilson. president of
the Washington Rapid Transit
Company, as modified by congress
eional committees upon the advice
OF DIR. Milo r.. Maltbie, it differs
with 1t In some major points.
OF principal interest 10 the riding
public IL the fact that the commits
sion's proposal provides for reten-
tiort 81 the present rates OF fare for
two years. In the old agreement
this was FOR one year only. The
commissions agreement also re-
serves to that body the right to
consider the matter of half.fare for
school children before expiration OF
the 'two-year fare period.
Free transfers between street car
and bus lines and vice-versa is pro-
vided in the agreement.
Fix Power Rate
The agreement does not provide
for the inclusion of the Potomac
Electric Power Company in the
merged concern, but stipulates the
rates at which that company Is to
sell power to the Capital Transit
Company, which would be the name
of the newly created company.
Also the agreement does not pro-
vid@ for merger of the Washing
ton Rapid Transit Company. the
city's largest bus line with the
traction ompanies. 1t does, how.
ever, provide q means whereby
this company would be bought out
by the joint company.
Under the agreement the new
company would sbe incorporated I'M
der the code Of the District and
would have a capitalization OF
$6O.000,000 Of which sac 900, 600
would be in z per cent preferred
stock and the remainder in com.
mon. Par value of both would be
$40.
Adjust Stock
The Capital Traction Company
would receive $12 zoo, 900 worth of
preferred stock in exchange for its
assets and the railway company
would receive $19, $40, 900 worth
OF common in exchange for money
and securities equal to the amount
put up by the traction company.
This differentiation in stock issues
arises because of the differences in
the financial conditions of the two
companies. notably that the trac-
ton company has been paying Z
per cent dividends regularly on its
stock.
In addition to the stock issues,
the newly formed company would
be authorized to assume OBLIGATIONS
ana take over bonds to the amount
OF $1S,1OS, 900.
Lay Groundwork
Groundwork for introduction of
the merger proposal at yesterdays
hearing was carefully laid by skill
ful questioning of Hanna by En-
&ineer Commissioners Ladue. Ladue
In the present hearings has been
virtually silent, this being only the
Acond time he has engaged in the
Questioning.
He took over Hanna and by his
questioning committed him to the
principle Of the greatest possible
service at the least possible cost, at
the same time insisting on the
absolute control of the commission
over utilities. Then, without warn.
ing, he showed the unification pro-
posal at the astonished nnagnate
Shortly after this dramatic incident
the commission adjourned.
The Washington times., 1929-08-14
Cumberland to Hold
Another Air Circns

CUMBERLAND, Aug. IA sec.
end air circus at the new Cunaber.
land airport, and with added fea-
lures, will be held late in October,
according to Harold Ray Krimm.
Mr.. krimm said the first circus,
held Saturday and Sunday, under
the sponsorship of Henr1 Hart
Post, No, 1411, Veterans of Foreign
Wars, was a success financially and
otherwise.
The Washington times., 1929-08-14
NEWS AND QUOTATIONS OF THE FINANCIAL MARKETS.
SALES ON NEW YORK STOCK EXCHANGE
Quotation. Faui.hsd ), ". .. Hibb' 4 Co.

i.Se PfeS.
nigh Low r. NJ Close
Inter Nickel. 80 20 50 30
inter Print Co, So 81 So 52ls
Inter Stores. coz GO coz 5eh
Inter r &T.... llsk lHk ii7k III
Island OK Goa. 81 81 81 5oss
-
Johns Manvills lss lsaX 1888 1929
Jordan Motors 64 81 81 81
~
The Washington times., 1929-08-14

"A Tim figure showed In the
falling snow in front Of the
Cathedral. Tony called Rico.
YEAH came Tony's voice. who
h it?' Rico emptied the cham.
bers Of his automatic. Tony fell
In his tracks. without uttering q
sound. From the greatest story
OF the underworld ever written
Little Caesar" which begins
Sunday IN The WashinEtCA Herald.
The Washington times., 1929-08-14

Little Caesar" the story o.
thrIlls OF the underworld, begins
Sunday In The Washington Herald.
The Washington times., 1929-08-14

y
Yellow Truck. sS6 % IS asA
Young 8 4 WI 55s6 54A 41( ssh
Youngstown. tssX 1891 1884 1898
Zenith Radio. 44H 4s@ 4tX 44h
The Washington times., 1929-02-11
3rd St. Mother
Praises Friend

There isn't a mother living who
Von't agree that no half-sick child
mould be the subject for an expert
ment with medicines of uncertain
merit. When your child is bilious,
headachy, halfsick, feverish. rest
less, with coated tongue bad breath,
no appetite or energy, you know
that nine times out of ten it's a
sign his little stomach and bowels
need purging. And when you
know that for over fifty years lead.
ing physicians have endorsed one
preparation for this condition, there
, doesn't seem to be any reason for
trying" things.
, Rich, fruity California Fig Syrup
clears the little stomach and bowels
gently. harmlessly and in hurry.
1t regulates the. bowels, gives tone
and strength to them and to the
stomach; and helps to give your
child new strength, energy and vital
ity. Thousands of Washington
mothers praise it. Mrs. G. II. War.
den, S29 Third st. n. F.. says. 'I'll
pever forget the druggist friend who
got me to give my baby boy, Ralph
California Fig Syrup. Nothing else
helped his bowels, which seemed to
be weak. He suffered for many
months before gave him Fig
Syrup. but it stopped his trouble
quick. have used it with him for
colds and little upset spells ever
since. consider him a Fig Syrup
baby
Insist on the genuine article. See
that the carton bears the word
California" Over four million bot.
ties used year.
The Washington times., 1929-02-11
AMERICA
MAY CHANGE
DIPLOMATS
By international News Service

Rv international News Service
Dana G. Munro, counsellor OF
legation at Managua, Nicaragua Is
returning to the United States 10
become chief of the division Of
Latin.American affairs OF the state
Department, to succeed Stokely
Morgan. who will soon leave for
Mexico City to be counsellor at the
American Embassy there.
Munro, who is, visiting all the
more important Central and South
American countries on his way
home. will arrive in time TO take
over his new duties ABOUT tne
time the new Hoover adminlstra-
tion takes the directing hand Of
foreign affairs.
Has Written Book
The new Latin.American chlet II
an authority on Central America.
having written a standard work on
the five countries comprising that
section of the American continent,
Considerable significance Is at
tached to Secretary Kellogg's order
ing Munro home to take over Nor
gan's duties, and the timing Of his
arrival to coincide with the change
of administrations. In order TO
familarize himself with his new
duties, It was thought desirable for
him to come home by a long CIR
circuitous route which would enable
him to visit South America. Tne
trip, now being undertaken. would
consume enough time for him TO
arrive the first week in March.
Is An Authority
Morgan, who also is an author
itv on Iatin.American affairs, IS
believed to fit in well with the
Hoover program of keeping Am
bassador Dwight Morrow in Mexico
to finish the job he began OF
cementing the new regime of friend
illness between the two govern
ments.
Munro was born in Providence,
r. l., and claims Priceton, n. j.,
as his home. He Is a graduate OF
the University of Wisconsin. he
also attended Brown University ana
the University OF Munich.
Most of his service as a career
diplomat has had 10 do with the
American hemisphere.
The Washington times., 1929-02-11
PLUNGES UNDER
STREET CAR

Despondent over the death OF his
mother in Lynchburg, Va, John
Wesley Coleman, 35. OF New York
city, attempted to "end it all' last
night by plunging beneath street
car on C Street, between North
Capitol Street and Delaware Avenue
Northeast.
Shortly after being hurt. Coleman
was taken to Casualty Hospital by
a motorist. He was treated there
for decorations and shock before
being removed to the Gallinger Hos
pital for mental observation.
Witnesses said Coleman attempted
to throw himself beneath the center
of a Rosslyn. bound car. Police OF
the Sixth precinct were called by
the motorman, Irving Hanback,, 81
Of the $500 block Prospect Ave.
n. w.
Coleman told investigators he had
recovered only three weeks ago
from a severe attack of Influenza
He came here yesterday on an eX'
curaica from New York. 1t was
not until he arrived here that ne
learned OF the death of his nothef'
The man said his wife hFes III
New York.
The Washington times., 1929-02-11
viewed
AS DRY RULER

II Abraham Lincoln were living
today he would say this nation
cannot endure half drunk and half
sober" in the view of Clinton N.
Howard, chairman OF the National
United Committee for Law Enforce
ment, who spoke in the Foundry
Methodist Episcopal Church last
night.
Lincoln put down notification
and rebellion. said Howard. If he
were living today he would do the
same thing"
A man OF the Emancipator's type
Is needed in the White House to
enforce the dry law, in Howard $
view, and he told his audience that
Lincoln would deny the right or
any citizen to say that a thing Is
right which the Constitution OF the
nation says Is wrong"
The Rev. James Shera Montgom'
cry, chaplain of the House OF Rep
resentatives, delivered a tribute TO
Lincoln in the Metropolitan Memo
rial Methodist Episcopal Church last
night. A responsive reading was
conducted by former Senator Rice
w. Means.
The Washington times., 1929-02-11
Continental Uniforms
To Grace Inaugural

Parts OF the Connecticut contin,
gent in the inaugural parade will
wear the uniforms OF Continental
soldiers. it was announced yester'
day by the general inaugural COM
mittee from its headquarters in the
Willard Hotel.
Many of the units in the Nutmeg
States marchers date back to the
Revolutionary War. Among the
organizations escorting Governor
Trumbull will be the Governors
Horse Guard, the Battery Key, Two
Hundred and Second Coast Guard
Artillery, and the First and Second
companies Of the Governors Foot
Guards.
The Washington times., 1929-02-11
GETS
DATA ON AIR
RIGHTS
By ROBERT s. THORNBURGH
International News Service

The gradual development of the
common law and the written legal
code of aerOnautiCs was described
today in report prepared for Con
gress by T.. f.. Daniey, special ex'
pert OF the Justice Department.
1t was transmitted to the Com
mirtees on judiciary of the Senate
and the House.
Danley pointed out that, owing to
the recent development of air travel
To a recognized position In the trans
portation system of the country. the
court decisions relative to aeronau-
tics so far are few. lie declared
that, coincident with the occupancy
of the new territory of the air, the
legal rights to the use OF this ele-
ment must be established.
The field. of law as applied to
aeronautics as an industry is very
broad and covers many phases,
Danley said. %The question of State
sovereignty over air spaces raises
fundamental problem in the consid'
Grafton of the law of aviation. The
right of the State to control naVi'
CATION OF the air spaces over It's
territory is dependent on the exist
ence of this sovereignty"
Air Trespass
The question of the ownership OF
the air spaces is another perplexlng
problem. Danley said I'VE mere
find ourselves confronted with the
ancient maxim that the owner OF
the ground owns to the center OF
hn oil
heavens above"
If this principle were to obtain
without qualification as funda-
mental principle of law, every flight
of an airplane over property owned
by another would constitute tres
pass and render the trespasser liable
for such damage, if any. as might
be proven, and a repetition of the
trespass might be enioined.
Danley said that the American
Bar Association has urged upon the
States the passage of uniform air
laws. granting a legal right OF
flight over privately owned prop
erty and that such law has been
adopted by many States.
The original principle OF law was
adopted at a time when it was un-
important who owned the air-spaces
above reasonable heights. There is
a general feeling among leaders of
the bar that the courts will gradu-
ally recede from their former posi-.
ton and that the question OF tres
pass win be obviated.
Protected BY Insurance
ION the question of liability of the
transport company to passengers or
to the owners of freight being trans
ported, there are few, il any. deci-
sions," Danley said. discussions
at the International Civil Aero
nautics Conference indicated that
the transport ~0mpanies have as
sumed that thev would be liable for
losses and have nrotected them
selves by Insurance."
Danley called attention to inter
national relationships, remarking
that there are conflicting views as
TO whether there should be a free
dom of air space somewhat similar
to the freedom of the high seas. or
whether each State should possess
a sovereignty. qualified or excfu.
sive. over the air space above its
domain.
The Washington times., 1929-02-11
RefOrmer Says Lincoln
Could End Rum Traffic

'If Lincoln were living today, ne
would put down the rebellion OF
the rum traffic; he put down nuill'
fication and rebellion" DR.. Clinton
n. Howard. chairman OF the Ma
tional United Committee for Law
Enforcement. declared yesterday in
an address at Foundry Methodist
Church
The Washington times., 1929-02-11
Rep. Leavitt to Talk at
Sacred Heart Church

Representative Scott Leavitt of
Montana will address the men of
Sacret Heart Church, Sixteenth
Street and Park Road Northwest,
next Monday evening.
Vincent Costello Post Ministries
and movies will follow his talk.
The Washington times., 1929-02-11
ADVERTISEMENT

Prices realized on Swift & Company
sales of carcass beef in Washington. D. c.
for week ending Saturday, February .,
1929, on shipments sold out, ranged from
1850 cents to $3.50 cents per pound
and averas sed 1898 cents per pound.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-28

ment by attorneys. Vote was on the
resolution. by Representative Coke
r. Stevenson of Junction. proposed
Wednesday but amended to preclude
action until attorneys had argued
the testimony.
Representative A. p. Johnson Of
Carrie Springs and others offered
a resolution to censure and repri-
mand. and Representative Olan Van
Zandt OF Tioga and others proposed
that articles Of impeachment be
drawn and filed with the senate.
These resolutions were defeated. 80
to 80. and n 10 344. respectively.
Began June Is
Hearing on the impeachment
charges. which had been proposed
b. Representative Grady Woodruff
Of Decatur. had begun June Is and
had continued intermittently since.
Charges were filed as a sequel TO
an investigation of the land office
conducted by a joint legislative
committee during the regular SEES
sion last January. The committee
filed a report with the house during
the closing days Of the first called
session. reDrimanded Mr.. Robson