davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11
Wall Street Briefs

BY the Associated Press
A compilation made in Wall Street
discloses that the field of finance at
tracted more than twice as much new
capital in the New York market in the
first two months of this year as went
into any other field. Of $3.50, 180, 202
invested in January and February, 1t is
figured $606,703,632 went into new
financial companies, 1921 $4,000 into
public utilities, S163,673, 445 into manu-
featuring, $118,749,O00 into foreign
issues and $l17,852 900 into transporta-
ton, the leading attractions.
Coral Gables. in which $150,o0o,00o
was invested during the Florida real
estate boom, has been reorganized
through new corporation known as
Coral Gables, Inc, it was announced
today, under leadership of banking
interests Joined by creditors of the
enterprise, and with financing totaling
$4,000 900. The new group states 1t
hopes to pay off all Coral Gables debts
within five years. George E. Merrick.
founder and developer of the original
project, will be president of the new
company. Claims against the old
aggregate $35,000000.
Thirteen fire and marine insurance
companies and three casualty COM
panies, with combined assets OF more
than third of a billion dollars, have
pooled interests to write aviation IN
surance through formation OF associated
aviation underwriters. Starting March
10. the participants will write all classes
of airplane risks.
George Palmer Putnam, the publisher,
and Brig. Gen. Peter Edward Traub,
u. S. A., retired, have been elected
directors of Interallied Aeronautics, Inc,
a newly formed corporation, which is
offering 100000 shares of capital stock
on the market, 1t was announced today.
The corporation was formed as hold
ing and financing company.
The Fairchild Corporation today an
nounced that during January and Febru-
airy they had received orders for $314,-
900 worth of airplanes for export. The
orders are for Is airplanes, Is OF which,
costing $223,000, already have been de-
livered. The two months sales represent
II per cent of the total value Of air.
craft sold for export by American manu-
facturers last year. the company said.
Ten OF the Fairchild planes were sold
to companies in Central and South
America.
A group of Detroit and New York
bankers is preparing to offer an issue
of securities of the Cupboard Motors
Corporation, which has been formed
from consolidation of the Evinrude
Motor Co, Elto Cupboard Motor Co.
and the Lockwood Motor Co.
Combined net earnings of Foremost
Fabrics Corporation and New Bedford
Silk Mills, Inc, recently merged to form
the new Foremost Fabrics Corporation,
were 1901 ,9l3 for the year ended Febru-
airy 9. This was equal to $500 share
on the capital stock of the merged con-
for the preceding year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11
STOCKS IRREGULAR
IN SELLING TREND
Market Eases Off in Early
Dealings and Rallies
Lack Force.
BY GEORGE r. HUGHES.
Special Dispatch to The Star.


NEW YORK, March 11.-With trad
ing in the smallest volume in three
weeks, today's stock market registered
an irregular reaction. At times selling
was heavy and then it dried up, but the
recoveries were never well sustained
and only few stocks, among them
Radio, managed to move against the
trend.
The railway equipment shares were
strong, including American Locomotive,
American Car & Foundry and Pullman,
but leading industrials and rails alike
sold off. The market showed its charac-
ter directly at the opening.
The market was weakest at the close.
United States Steel, at 18l, was off over
points; Chrysler, under lot, also was
off more than 4; Anaconda, at 1853,
down 312, and American Can, at 116,
down 3 points.
The early selling seemed to be based
on renewed fears about the discount
rate. Friday and Saturday the Street
had been confident that no change
would be made. The accepted view was
that the Federal Reserve was going to
stand aside and Leu the speculative fire
in the opposite direction. The rumor
would raise its rate, this week. Needless
to say, there was no responsible
authority to the report.
Standard stocks, such as Steel,
Anaconda, American Can and General
Electric, slipped off easily in the first
hour, when the feeling was most
pessimistic. Kennecott, which had
made such good showing on Saturday.
established record high just under
500 a share, reacted with the rest.
Anaconda was pressed for sale and in
the railroad list Baltimore & Ohio had
a setback. The decline in Baltimore g.
Ohio, however, was connected with the
report that no action toward raising
the dividend would be taken at the
coming meeting. Sponsors for the stock
insisted that an increase was coming
sooner or later.
A number of stocks stood out against
the trend. Atlantic Refining was &C
lively bought. On the basis of 1928
earnings the stock is far behind the
market, rejecting doubt about the pres
ent oil situation rather than results of
the year just passed.
The rally in Radio came along toward
noon, when the old stock was bid I'M
to 473, gain of IL points on the day,
and the new stock crossed "a for the
first time. Both of these issues had
been heavy in the initial dealings. A
high-priced industrial that was prom
1nent on the upside was Burroughs
Adding Machine. 1t had gone up more
than % points last week. Today at 292
1t was up over IL points more.
Call money renewed at 8 per cent
but dropped to per cent Just after
noon. Not so much attention was paid
10 the immediate money position today
as TO the longer range outlook.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11
WOODEN INDUSTRY
FACING DILEMMA
snecial pisnatch to The Star.

Special Dispatch to The Star.
NEW YORK, March 11.-With the
shearers just commencing to work their
way North from Arizona and the
Texas-Mexican border, the outlook for
raw wool this season is not particularly
impressive.
Stocks on hand are anything but
heavy but the consumers are ready to
fiutter away whenever a seller comes
in sight. In the main sheep-producing
States of the West the herds came
through the Winter in fine shape and
the clips seem likely to be heavy. In
fact production is expected to be de-
cidedly heavier than in 1928
Prices are far lower, however, than
at this time last year. Moreover, there
was then considerably more contracting
for unshorn clips than has been the
case this season. The Western wool
men have been lal7Oring before the
House ways and me- committee for
an increase in tariffs 1 imported woods.
but even If some su"h measure should
be granted. it is unlikely that it would
go into effect soon enough to help the
growers much this season.
The real trouble lies il the situation
of the wooden manufacturers. Those
who depend largely on what are known
as staple goods are in anything but a
bright position. They find themselves
on the horns Of dilemma. Most of
them cannot make money unless they
operate at approximately IS to 90 per
cent Of capacity. II they turn out
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11

goods at the rate Of 80 to 90 per cent
of capacity, they are sure to swamp
the market. For despite the fact that
some companies have been liquidated
and some mills strapped the mill ca
pacity of the industry still Is at least
rs per cent heavier than consumption
demands.
1t is likely, according to the wool
statisticians, that most plants will not
cut down the amount of wool used.
Besides this the trend of style for the
time is all for the lighter, softer, thin
ner goods. which. while they may require
high-grade wool, the most prosperous
units of the industry are specializing In
the soft. thin woolens. marvelously
dyed and carrying the most attractive
of specialized design in distinction from
the so-called staples.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11
NEW YORK STOCK EXCHANGE D Be-:
Abitibi Power.
Adv Rumley.
Adv Rumley pr.

, AiAi A5I1 I'll pLss
Am Bank N(f3).
Am Beet Sugar.
Am Bosch.
Am BrSh (h1.60).
AmBShoe pft7.
Am Brown 30 pf
Am Brown Bow.
Am Can tf4)....
AmCar&Fdy(6).
Am Chain pf(O.
! Am ChicIe (2)..,
Am Drug (60c)..
Am Encaus CO..
Am X For Pow.
l&t ofPct rtS)
Am&ForP pft7D.
Am Hawa SS(1).
Am Hide * Lea.
Am Hide & l. pf.
Am Home Prt3).
Am Ice (t2 No..
Am Internatl(a)
Am LaFr&Foam
Am LaFrance pf.
Am Locomot(S).
Am M&Fpf ew z.
Am Ma C Fy(4).
Am Metalst3D...
Am Metal (rts).,
Am Nat Gas pr Z
Am Piano.......
Am P & l. CD.
AmPo&Lt pft6)J
Am = & 1t A(3).
AmP&Lpf sta s.
Am Radiatort5).
Am Ky Ext6)...
| Am Republics.
I, Am SAT Raz,ro).
|, Am Seating(3)..
Am Ship & Conn.,.
Am ShipbldgtS).
Am Sm&Ref(4).
Am S & r pf(7):.
Am Snuff t12)...
Am Snuff pr (6)..
Am Stl Fdys(3).
Am Sugar.......
Am Sugar POD.
Am Sumatra(3).
Am Tel g. Tel(9)
Am Tobacco(S)..
Am Tobac B(S)..
Am Tob pf(6)...
Am TypeFotS)..
Am Type pf(7)..
Am WW&El(cl)..
A.lWW1st pft6)
Am Wooden. 49,.
AmWritP pf(3)..
Am Zinc. .......
Am Zinc pr.
Anaconda o..
Anchor Cap 2.40.
Anchor Cap(rts)
Andes Copr 3D..
Archer Danls(2).
Arch-Dan pf(7).
Armour Ili(A)..
| Armour IlltB)..
| Armour Ill pft7)
| Arnold Con e. Co
Art Metal(1h)..
, AssoDryG " }.
| Asso d G. 2dt7)..
Asso D G 1st(6).
| Asso Oil(2).....
| AtchisoD t10)....
Atchison pf(5)..
Att Coast Ltt10)
| Att Gulf & WI.
ATTAIN Ref(f1A).
| AtlasPowdert4D.
Atlas Pow pf(6).
| Atlas Tack.
| Austin-Nichols.
| Auto Sales.
| Auto Sales (rts).
| Autostrap A(3).
| BALTIC & O(6)....
BALTIC e. o pf(4).
Bambgr pft6k).
| Bang a. Arts NJ.
Barker Bros(2)..
Barker pft6h).
| Barnsdall A i2).
Barnsdan B (2).,
Bayuk Cgrs t2)..
Bayuk LIST pfl7).
Beacon Oil. .....
Beecn-Nut 3D..
Beldlng-Hemwy.
Best & CotS1....
| Bethlehem Stl(4)
Beth Steel pf(7)
Bloomingdale.
Blumnthl pf(O.
Bon Ami A(4)...
Booth Fisheries.
Borden Milkt6)..
Briggs MfgFCo..
Brockwy Mot(4)
Bklyn-Man(4)..
Bklyn-Man pf(6)
BklynUnGas(5).
BrownShoe(2k NJ
Brunswick BOD.
Brunswick Ter.
Bucyrus(1).....
Bucyrus cv(2h)
Burns Bros(B)..
Burroughs (t5).
Bush Term(g2)..
Bush Ter det7)..
Butte Cop & Zinc
Butte G. Sup(2).
Butterick Co. 80.
Dyer G. Co.
| Calf Packt4)...
Callahan Zinc...
Calu G. Ariz (6).
Cal g. Hecla o..
Can Dry tt4h).
Can Paciic(10).
Canon Mills ESQ.
Caro- Clin&O(4).
lease Threshgf6)
| Cavanah Dobbs..
Cav Dobs pr 6 II :.
ICelotex Co o..
Celotex (rights).
Cen Aguirre(2).
Cent Alloyt2)...
Century Rib NJ.
Cerro de Past5).
Certain-teed Pro
Ches & Ohio(10)
les o Corpn(3)..
| Chi & Alton. ....
Chi 4 Alton pr.
Chi & East Ill pr
Chi Great West.
chi ct West pr.
Chi Mil & st p.
Chi Mil & StP pf
Chi e. Nwn o..
Chicago Pm Tool.
Chi p T pft3 n D.,
Chi r l & p o..
u r l & p pft6).
c. / g. p POO.
Chickasha t3)...
! ChiIdst2.40)....
| Chile Cop t3h).,
Chrysler Mot(3)
City Ice (3.60)..
City Ice PFC h).
City St0At3 * D..
! City Stores OBJ.
. Coca-Cola t6)....
Coca-cola (4)...,
Collins Il Aikmn.
Col Fuel & Iron.
Il Col Gas e. Elt5).
!, Col Gas&El new.
: Columbia Graph
) Col Carbon f4A.
: Com Credit or.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11
Railway Equipment.

NEW YORK, March IL CP).-Eastern
railroads are expected to enter the mar
ket Tor equipment following the placing
u large orders by Western roads Since
January car orders have totaled an
proximately $4,000 against $1,000 cars
Tor the full year 1928. AS result eo,lip-
ment companies are expected to show
better earnings this year than last.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11

Merritt Chapman and Scott Corpora
ton and its subsidiaries, including the
recently acquired Mclean Contracting
Co. OF Baltimore, reports consolidated
net 1928 profit of $l,c37,155. Exclude
ing the Mclean Co., net profit was
$500. 280 against $624,978 in 1927.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11
Hourly Sales ON N. Y. Market

Hourly Sales on N. Y. Market.
1890 am. 436.500 12m... 1.539.700
1890 pm. 2.2S2.700 2:15 pm 1892
Dividend rates as gwen In the above tatle
are the annual cash payments based on the
latest quarterly or half-yearly declarations.
Unit of trading less than 100 shares.
SO in preferred stock. Plus lI25 In stock.
able in stock Plus SO in stock. d Pay
able when p earnea P ssnes IN ps q
inst IN Stock. Partly stock. Plus 2a in
stock. k Plus 1870 share quarterly In
stock. m Payable 1f10 share quarterly in
United Cigar Stores common stock. Plus
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11
FEDERAL LAND BANK BONDS

Special Dispatch to The Star.
NEW YORK. March H.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-11

DuSiutAS IlCdEs
The business map, published by the
Chamber of Commerce of the United
States. shows only one little black spot
west of the Mississippi River. There
are more white spots than in long
time past and horizontal lines have
covered many Of the black spots. In
fact the black area is smaller than it
has been in several years, making up
a space you could put inside the State
of Nevada. White means good busi-
ness, horizontal lines mean fail business
and black quiet business.
Il Heard In Financial District.
The program committee for the next
convention of the District Bankers As
ISOLATION will meet Wednesday afternoon
at AGO at Bankers headquarters and
make its first plans. +. p. II. Siddons Is
chairman.
w. w. Spaid Of w. B. IIibbs g. Co.
has gone TO Biloxi, Miss, for a week
! vacation, most of which will be spent
| On the golf links.
/ Robert P. Lamont, the new Secretary
I " Commerce, has been succeeded by
George E. Scott as president Of the
American Steel Foundries Co. ~-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
The British Elections.

Two weeks hence, on May 80, John
Bull goes to the polls in one of his quin-
quennial general elections that decide
the complexion of the House of Com
mons and the British government. The
campaign is winding to a finish amid
one of those whirlwinds Of popular ex-
element with which we Americans were
familiar as recently as the Fall Of 1928
From a number of angles the British
campaign is fraught with unusual in
terest The United Kingdom has now
gone definitely over to the three party
system. General elections there are no
longer fought, as additionally, between
Conservatives and Liberals, but between
Conservatives, Liberals and Labor. La
Dor is a factor the older parties had so
seriously to reckon with five years ago
that 1t achieved power and held ONCE,
though its reign was brief.
Today the cohorts of Messrs. Ramsay
Macdonald and Philip Snowden are in
battle array, hoping at the end OF this
month to convert themselves once again
from the second strongest party In
Parliament into the dominant group.
If they succeed in doing SO, King George
once more will send for Mr.. Macdonald
and ask him to form a cabinet. For the
second time Labor's banners would
perch above No. 10 Downing street and
Westminster Hall.
Whether the old-time parties can
stem the rising tide of Labor semi
socialism appears to be the paramount
issue in Britain. AS unemployment is
the bone of contention around which
election controversy mainly RACES, the
Labor party hopes to emerge as the
chief beneficiary of popular discomfort
with existing industrial conditions. 1t is
possible tina: British voters may recall a
Labor governments previous effort to
| grapple with unemployment, which was
at least as serious in 1924 as it is in
| 1929, and convince themselves that Mr..
| Macdonald and his friends, on the rec
! ord OF the past, hold out nothing better
| for the future.
| Mr.. Lloyd George, at the head Of the
Lib ,ral party, is Offering tempting pana-
Ccas for the cure of unemployment by
| advocating a colossal program Of public
works He Is accused by his Conserva-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15

blind our eyes to the facts. The de-
gree of literscy in American rural COM
munities is not, and never has been. a
proper subject for Boosting. When
Americans term themselves the best
educated people on earth they are
stretching the facts. We never can
make that claim truthfully SO long as
the crossroads schoolhouse continues to
be regarded ss an efficient educational
machine.
History and biography give only part
of the picture We read of the Ameri-
can hero trudeing miles over snow
drifted roads, books and lunch box UNI
der his arm. to the little schoolhouse.
He worked hard, was honest, and his
admiring countrymen made him Presi-
dent. he invented the automobile, or
something to that effect.
So far as it goes, this is very good.
The little red schoolhouse probably
served very we'll the needs of the strong
personality with a brilliant and original
mind. 1t served him by letting him
alone. 1t gave him a few hours each
day for a few months each year away
from the burden of farm work. The
farmhouse garrett or the haymow would
have served him almost as we'll.
But he was one among many. The
traditional picture does not show the
great number who never could read
printing" despite the spasmodic minis
trstions of the teacher in the little red
schoolhouse." They were the ordinary,
unambitious. uninspired minds, VINO
never left the farms.
The one-room schoolhouses gradually
ore being eliminated in most States in
favor of up-to- date consolidated schools.
The faster the process the better tor
American education.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
Utilities Commissioner Patrick.

One of the Army's outstanding enSl-
neer officers when the United states
entered the World War, Col Mason M.
Patrick. then on duty at washington
Barracks commanding the 1st Regiment
NJ Engineers. was hustled off to France
and made chief engineer Of the budding
A. E. F.'s lines of communication
Later he was placed in charge OF con-
struction and forestry operations OF the
ARMY in France and still later he was
chosen for the difficult task Of whipping
into shape a raw combat air force.
After the war he came back to Wash
inoton as Assistant Chief of Engineers
and in 1921 he was made chief OF the
ARMY Air Service How he donned
flving toys and learned not merely 10
f1v but to tlv well. at an age when many
men are talking about their blood
pressure and seeking the comfort oil
arm chairs in snug ofhces; how ne
won the respect and the admiration OF
every man who wore the wings OF the
ARMY Air Corps: how he fought their
battles for distinct recognition as spe-
cialized and separate unit OF the Ma
tion's defense, and how he retired III
1927 with a fine record of administra-
five achievement are chapters in AVA
ton history with which most OF us VINO
read the newspapers are well famillar
washington, which first met Gen.
Patrick back in 1901 as one OF the young
engineer officers on duty with the Chiet
of Engineers, which renewed the ac-
ouaintance when he was stationed here
inst before the war and which came to
know him intimately after the war
welcomes him back now as civilian
member of its Public Utilities Commits
sion. Washington knows him as man
whose diligent application OF probes
sionaI knowledge, faithfulness to duty
and a rare personality have enabled him
to master the many tasks he has been
called upon to perform.
There are few man whom President
Hoover could have chosen who possess
at the very outset of his duties as Public
Utilities Commissioner, the trust and
confidence of the community already
won by Gen. Patrick. His technical
skill will be valuable asset to the
community in the work of reallocating
transportation lines. His sound and un-
prejudiced judgment will serve the COM
munity in the problems that concern
the fair regulation of utilities in the
interest of the public. And his knowl-
edge of aviation may soon be demanded
on a public utilities body that eventually
must recognize air transportation as
coming within the full meaning of 8
necessary public utility,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15

tive foes Of secretly making common
cause with Labor, End Of readiness to
enter a coalition government with that
party.
The Cons >rvatlvcs. under Premier
Stanley Baldwin. hope to retain office,
though perhaps with diminished
strength in the Commons. Their plat
form calls for peace, naval limitation
and continued safeguarding of Britain's
industrial interests at home and over
seas.
They are calling this "the fiapper
election" in Great Britain because mil
lions OF newly enfranchised young
woman voters will go to the polls for
the first time 1t is well within the
range OF possibilities that 1.-The flapper
vote" will throw decisive weight into
the balance on May 80.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-15
WASHINGTON OBSERVATIONS
BY FREDERIC WILLIAM VILE

Wright was passing through Wash
ington en- route to a meeting of the
National Advisory Council on Aeronau-
tics at Langley Field. He seldom flies
nowadays, because the vibration In a
plane, he finds, always brings back an
attack Of the sciatica which he's suf-
fered ever since he and his late BROTH
err Wilbur were injured in a smash at
Fort Myer. Orville will be So years
old this Summer.
X
Eddie Savoy, colored doorkeeper of
the Secretary of States Office, recently
gave a characteristic exhibition of the
diplomatic tact he's acquired after
nearly 60 consecutive years in the State
Department. Former Secretary Kellogg
was calling to pay his respects to his
successor, Secretary StimSon. While
the two statesmen were comforting Col
StimSon sent out for glass of ice
water. Eddie not only produced 1t. but
took in. on the same tray, a glass for
Mr.. Kellogg not failing to remember
that the latter takes his water icelesS
and several degrees warmer than Secre-
'tary StimSon prefers. Savoy began ush-
ering people into the Office of Secretary
Hamilton Fish in 1869, during the Grant
administration, and has guarded the
same portal for 20 Secretaries of State
since then. Nobody knows just how old
the foreign services oldest career man
is, but it must be somewhere this side
Of 90.
Newspapers are not always friendly
rivals, but the exception appears to be
the rule in Kansas. Rumors were cir
culated that Frank p MacLennan Of
the Topeka State Journal was going
to start Sunday edition as rival
to Senator Arthur Capper'S Daily
Capital. The Journal denied the
story and announced that Topeka
has a good Sunday paper in the Capt.
tai" Not to be outdone in Chester
fieldian politeness and good sports
manShip, Senator Capper wrote Mac
Lehman a letter beginning Dear
Frank" which congratulated him on
his reported enterprise, and said that
"Topeka's two daily newspapers are
friendly competitors"
X
Since precedence and correlated
questions have obtained Superimpor-
lance in Washington, peoples titles
are coming to count for more than
usual, it appears. At any rate. when
certain couple reached recent dip
lomatic receiving line, and the liVeried
turnkey adjacent to the hostess asked
for the name, please" the answer
was. the chief of the division of
oils, fats and wakes, and Mrs.
Smithers"
tCopyright, 1927