davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-03-16
Sons of Revolution Will
Hear Talk on Washington

The next meeting of the Society
of the Sons of the American Revo-
luton will be held on Wednesday
evening, March 20, in the Mayflower
Hotel.
1.-The Influence of George Wash
ington Upon the Rise of Modern
China" will be the subject upon
which Hon. Paul NJ. Lineharger, for
many years legal adviser to DIR.
Sun Vat Sen, will address THE meet
ing. DR.. j. Newton Baker viii also
speak.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-03-16
Man. Goes Insane; Kills
Girl, Self: Wounds Three

FITCHBURG, Mass. March 16
0.N.SD.-Suddenly going insane,
Charles II. Scott. an electrician who
was devoutly religious, early today
shot and killed his nine,year-old
daughter. Elizabeth. wounded his
six-year'old son, Richard. his 11year-
old son Charles and his wife and
then succeeded in taking his own
life.
Mrs. Scott stepped in front Of q
bullet intended for Charles H., jr.
The father used pistol in his at
tempt to wipe out his family and
shotgun to kill himself.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-03-16
Round Table Knights
To Entertain Women

The Loyal Knights of the Round
Table will observe ladies' night next
Wednesday evening in the Uni
versity Club, with Everett NJ. Eli
son presiding. Mrs. c. f. Fleming
will make the response on behalf of
the women guests.
"Our European and Palestine
Trip" will he described ny Page Nick.
F:tchison. and musical selections will
follow.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-03-16
SIS, 900 Damage Suit
Over Check Settled

The $4,000 damage suit filed by
Herman Frazer against Morris
Kraft. 1900 block Fourteenth st.
N. W.. growing out of the alleged
stoppage of payment on a check
Kraft is said to have given Frazer,
was settled and dismissed today.
Attorneys F. r. Noel and J. y.
Sadler filed the declaration In behalf
NJ Frazer, while Attorney Hyman NJ.
Goldstein agreed to the settlement
for the defendant.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-03-16
KANSAS CITY LIVESTOCK

KANSAS CITY, March l6.-CattIe
Receipts. 100: market steady.
Steers. .5O@I3.25; cows and heif
ers, S5.50m13; stockers and feeders,
$3.50 H13.75; calves, $s@17.
Hogs-Receipts, 1000; market 10
cents higher. Butk, $11.40m11. so;
top, $11.55; heavies, S11.25@1I,
lights, $11.00q11.45; mediums, $11. 40
@11.60.
Sheep-Receipts, rome: market nor
mally steady. Lambs, $l5.25616, 20.
wethers, S9,50@1o.50; ewes. SS0.1O.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-03-16
LIVERPOOL COTTON

LIVERPOOL, March Is Q.N.S9.-
Spots We're quiet today. with prices
unchanged. at ,the opening. Sales
totaled $4,000 sales; receipts, none.
Mids. fair closed 12,39d: strictly
good mids:, 11.90d; good mids..
1l.54d; strictly mids., 11.34d; mids.,
lll4d; strictly low mids., 10.S9d;
low mids.. 1864: strictly good or
binary, 10.24d, and good ordinary,
9.S4d.
Futures closed quiet with March
at 1O,S6d; May, 10,97d; July, 1O.9Sd,
and October. 10.S2d.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-03-16
PITTSBURGH PRODUCE
PITTSBURGH, March Is.

PITTSBURGH, March Is.
Butter-Prints, 57@57hc; tubs, Sc
@56Ac; local tubs, 52055c.
Eggs-White, 3904Oc; current re-
ceipts. 38@39c.
Live poultry-Hens (heavy), 29@
BIC: hens QighH. 24@27c; ROSTERS,
10000; springers, 29@3lc: broiIers,
42@44c; ducks. 26@3Oc; geese. %
025; aurkeys. 1904
Observation-Disclosures (crate) $4.5O
45.5O: potatoes $50 lbsD. $l.75O
1856; cabbage (busheD, $.90M1.1O.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-03-16
LECTURES ONITALY

"Italy. Fascism. and the Vatican"
will he the subject upon which
IEnatius Geraci Of the Anti, Fascist
League will lecture before the
Ergstocrsts' Club, S17 Thirteenth
ST. ". W.. tonight.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-03-16
SP { GULATIO
FOUGHT BY
CLASS
BY HARRY CUSACK
Financial Editor

Renewed efforts to restrict specu.
dation in stocks will be made by
Senator Carter Glass of Virginia at
the next session of Congress.
Excessive stock speculation can be
halted, so far as the Federal Re-
serve System is concerned, by in
creasing the reserves of time de-
posts required by member banks.
Such procedure, Senator Glass
thinks, will remove approximately
5000 100000 from speculative chan
nels.
An increase from to per cent
In the reserves which must be main
tanned by member banks on the ag-
gregate amount of their time de-
posts, was directed, in Senator
Glass measure.
Member banks of the system"
Senator Glass declared in explaining
the purpose of his proposal. have
manipulated their deposit accounts
SO as, to transfer from the demand
deposit account, requiring a reserve
of z per cent. to the time-deposit
account, requiring a reserve of only
per cent. transferring from one
to the other and thereby releasing
enormous funds of the banks to be
thrown into the maelstrom of stock
speculation.
Banks Protested
ITO show how utterly unwilling
some banks are to desist from this
practice. when l presented this bill
to restore the reserve behind time
deposits to the figure which OBJ
tanned in the original set-up of the
Fedreal Reserve system, banks all
over the country began to write me
letters of protest. That alone would
withhold from these speculative
activities at least $500 900, 900. but
some of the banks are not willing TO
desist.''
The Federal Reserve Board, de-
clared the former Treasury Secre-
fary. is not charged by law with the
supervision of stock-exchange actjyi-
ties, except is speculative activities
may relate themselves to the facili-
ties of the Federal Reserve Banks.
Il think there ought to be lesis-
lation," he asserted. admitting that
his bill merely touches the specula-
tive abuses existing. ''Rut unless
some man be wise enough, have wit
enough to give a statutory definl-
ton of investments as contra dis
tinguished from stock gambling,
do not see how we are TO curb these
gambling activities. That ought to
be done. -
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-03-16

Underwood EI. llaX ilsX il3X lls
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
Special Dispatch to The Star.

Special Dispatch to The Star
BALTIMORE, Md, February 23-
Potatoes, white, 100 pounds, LOCAL .35;
new potatoes, bushel, 200a325; sweet
potatoes, barrel, 150a350; bushel, 75a
$50; yams, barrel, 200a375; beans,
bushel, 250a5.00; cabbage, hamper, 75a
1.25; carrots, bushel, 1.50a1.75; celery,
crate, 1.50a2.50; caulifower, crate, Its
a2.00; elephants, crate, 4.00a600; kale,
barrel, 175a2.00; lettuce, hamper, 1.50a
800; onions, 100 pounds, 350a5.50; oys-
ter plants, 100, 800a1200; parsnips,
basket, 75al.00 peas. bushel, 2.25a2.75:
peppers, crate. 1.50a4.50; spinach.
bushel, l.00a1.10: tomatoes, crate. LOO
a4.00; turnips. basket, 50a65: apples,
bushel, 75a200; cranberries, half barrel,
7.00aS.00; grapefruit, box, l.50a325;
tangerines,. per half strap. 1.50a225;
oranges, box, 200a3,50; Strawberries,
quart, 25a40.
Dairy Market.
Poultry, alive-Young turkeys, pound,
S3a42; old, 25a35; young chickens, 34a
AZ; small and poor, 20; old hens, 28a30
Leghorns, 26a27 capons, 33a42; old
ROSTERS, 17a20; ducks, 20a32; Guinea
fowl, each, 40a85; pigeons, pair, 30a35.
Dressed-TurkeyS, young, pound, 35a42 :;
old, 25a35; chickens, young, 32a36 old
and mixed. 28a32; capons, 34a44; old
ROSTERS. 20; ducks, 25a30. Eggs-Re-
ceipts, 1897 cases, native and nearby
tirstS, 46; current receipts, 40a44. Butter,
good to fancy creamery, pound, Ala
5l1a; prints. 51a53; blocks, 50a52:
ladies', 34a38; store packed, rs: rolls,
25a28; dairy prints. 25a28 process but
ter, 4la42,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
GAIN IN INDUSTRIAL
ACTIVITY REPORTED

The volume of trade during the week
ended February 16, as indicated by
check payments, was smaller than in
the previous week, but greater than
in the same period of 1928. according
to the weekly statement of the Depart
ment of Commerce. Industrial activity,
as reflected by operations in steel
plants, was greater than during either
the preceding week or the same week
of last year Employment in Detroit
factories, rejecting activity in the auto
mobile industry, was greater than In
either prior period. The output OF
hituminous coal during the latest re-
ported week showed gain over both
the previous week and the same week Of
1928. Lumber output showed gain
over the previous week, but declined
from a year ago. The output of crude
petroleum showed gains over both
periods Freight car loadings, covering
the latest week, showed gain over a
year ago.
The general index of wholesale prices
showed a gain over both the preceding
week and the corresponding period of
last year. Prices for copper averaged
higher than In either period. Cotton
prices were likewise higher than in
either the previous week or the same
week of last year. Iron and steel prices,
showing no change from the preceding
week, were higher than a year ago.
Loans and discounts of Federal Reserve
member banks showed contraction as
compared with the preceding week, but
were higher than year ago. Interest
rates on both time and call funds were
higher than in either the preceding week
or the same period of last year. Bond
prices averaged lower than in either
prior period. Prices for stocks declined
from the previous week, but were higher
than year ago.
Receipts of cattle and hogs at pri-
mary markets during the week ended
February were smaller than in the
same period of 1928. Receipts of wheat
however, showed gain over year
ago. Business failures covering the
latest reported week were smaller than
in either the preceding week or the
same week of 1928.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
DEMAND FOR METALS
TAKES UPWARD TREND

Special Dispatch to The Star.
NEW YORK. February 23.-Lead and
zinc, the companion metals to copper,
which have not shown as comfortable
a record as the red metal in recent
months, now seem definitely on the
upward path. This specially true of
lead.
Demand for lead has been very heavy
in the last six months and continues
undiminished. This has not been ac-
companied by extraordinary activity of
production and in consequence stocks of
refined lead have shown steady
decline.
Among the chief customers of the
producers and refiners of lead are the
makers of batteries. The demand for
automobile batteries has been insistent
and since auto output In 1929 seems
likely to break all records with total
of over 100000 cars, there probably
will be still further increase in the
amount of lead used for this purpose
The telephone and telegraph companies
are planning to spend hundreds of mil
lions in the extension of their lines and
these concerns also use huge quantity
of dead for cable castings.
There Is an ample supply of zinc or
handwbut for some time production has
been restricted and demand is improV.
/ ing 1t is obvious, none the less, that
production still is slightly above con.
sumption. In 1923 stocks increased lis
per cent to 45,440 tons.
The building industry will absorb
more zinc, just as 1t will take more leao
! this year. The demands Of galvanizers
will be heavy,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
BY KENNETH s. VAN sTRUM.

NEW YORK, February 23.-The re-
cent sharp upswing in practically every
listed railroad stock came to an abrupt
stop, and after few days of declining
prices most issues lost all of their gains
Thus the speculative enthusiasm for
railroad stocks burned. itself out, as 1t
has done on so many similar occasions
in recent years.
1t is difficult to explain the fact that
the entire stock market may continue
upward for long periods of time with
out an important setback. but that as
soon as railroad stocks begin to rise
sharply it generally signifies the end Of
the current phase of the advance for
both industrials and rails. A sharp re-
action generally occurs. in which in
vestors who have bought the rails at
top prices find that their stocks show
them an immediate paper loss. In the
past it has usually taken some few
months for the market to catch up
again with the prices paid.
The chart shows four rails which have
recently dropped 10 points or more from
their highs. According to past expert
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
W., B. & A. SALE EXPECTED.

BALTIMORE. February % Especially
Segregation of the railway end of the
business from the power division of
the Washington, Baltimore & Annapolis,
resulting in the sale of the railway to
the Baltimore g. Ohio, Is expected to
be an outcome Of the trunk line merger.
The Consolidated Gas. Electric Light
e. Power Co. would then conflne its
ownership to the power end of the
business
There was considerable local financial
interest also in the proposal of the Balti-
more & Ohio to take over other con-
Meeting short lines, terminal or switch
ing roads in its territory If the Inter-
state Commerce Commission considered
such action to be in the public interest
Included in the illustrative grouping
of such short lines the Baltimore s,
Ohio mentioned such other local prop
critics as the Maryland e. Pennsylvania
Canton Railroad, Chesapeake Beach
Railroad, Chesapeake Western, Cumber-
land & Pennsylvania. Hagerstown &
Frederick and Washington g. Old
Dominion.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
MARYLAND TELEPHONE
LINES TO BE EXTENDED

Special Dispatch to The Star.
BALTIMORE, February 23.-Addi-
lions and improvements to the telephone
system in Maryland during 1929 will
involve expenditures of S5,435, 900, il
was reported at the annual meeting of
the Chesapeake & Potomac Telephone
Co. of Baltimore here this week.
In the next five years the company
plans to provide additions and improve
ments to the telephone system in Mary
land involving expenditures of $28, $685.
600, with net additions of $l5,809, 900.
Among the major projects contem-
plated this year will be additions and
Improvements to the equipment In the
Curtis, Hamilton, Riverside, Annapolis,
Crisfield, Cumberland, Frederick, Havre
de Grace and Hyattsville local CEN
trail offices, and the toll central Office
at Baltimore involving expenditures OF
1921 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
RECOVERY IN BRITISH
INDUSTRY IS SEEN

Special Cable Dispatch to The Star.
LONDON, February 23.-Great Brit
aims trade balance shows credit bal
ance of about $750,000,000 for the year
1928. Figures which the president of
the board of trade gave out Thursday
night are considered by experts as a
conservative estimate and serve to prove
that financially England is no longer
convaleScing from the disastrous gen.
road to recovery.
While bankers and business men gen.
orally are expressing great satisfaction
at this recovery, economists are less
enthusiastic. In analyzing the figures
the board of trade found that visible
exports and imports" show debit bal
ance of about $l,797 100000, while "in-
visible" eXports-that is to say, overseas
investments, shipping. short interests
and ommiSsions-Show credit balance
of $2,540 900, 900.
This indicates, the economists say,
that the industrial crisis through which
the country has been passing since 1926
has not improved much. The world
markets are still scarce and home con-
sumption is still reduced. But while
the industrial situation is still unsatis-
factory bankers and shipping companies
are prosperous and recovering much
lost ground.
The income from national shipping
this year exceeded $3.50, 100000, while
British capitalists, by careful invest
ments in foreign stocks, made net
profit conservatively estimated by Sir
Robert Kindersley at $445. 000,0 900.
The net receipts from short interests
and commissions paid to banks for pur-
chasing and from foreign stocks are
estimated at nearly 1925, 100000
The boom in American stocks has
been very helpful to the British. The
get-rich-quick spirit has conquered the
careful British investor.
Early last year bankers we're reluctant
to advise their clients to indulge In Wall
Street speculations but the spectacular
rise in American shares and bonds
overcame the proverbial conservatism
Of the investing public and many i'm
portant London and Liverpool brokers'
houses now keep their Offices open until
8 O'Clock in the evening, London time,
in order to buy and sell American
stocks on behalf of their clients.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
BY ]. C. ROYLE.

Special Dispatch to The Star.
NEW YORK, February 23.-Steel
prices are strong at advanced levels.
That is about the most satisfactory evi-
dence of the soundness of the indus
trial situation which could be given,
for steel reflects almost inevitably. in
demand and production, the f1uctua-
tons of the other key industries of
America.
The activity is the more surpris-
ing since it comes at what sometimes
is slack season of the year. More
over, it comes after IA months of con-
tinued industrial gains.
The steel companies give every indica-
ton that they are piling up satisfactory
profits but 1t is significant that they
are doing SO, not so much because of
advances in prices. which in some prod
ucts have reached 50 ton. but by more
efficient methods and by cutting down
costs.
Gains in Industry.
There is now little doubt that the
industrial output of the Nation for the
first quarter of the year will be the
greatest ever recorded. Even a drop in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
Wall Street Briefs

A meeting of directors of the Cities
Service Co. has been called for March
IL to consider split-up of common
stock.
Croker Wheeler Electric Manufac-
turing Co.. Ampere, N. j.. has received
an order for the large steel mill type
motors for the new A. M. ByerS Co. S
Ambridge plant, near Pittsburgh.
The movement sponsored by the
clearing house section of the American
Bankers Association and other inter-
estS to standardize checks and similar
instruments has gained the support of
the United States Post ONCE. which
has agreed to sell window envelopes
conforming to specifications requested
by the standardization committee.
With demand holding up and pro-
ducers not very anxious to sell, another
advance in lead prices is expected next
week.
Directors of National Industrial
Bankers, Inc, have declared an initial
quarterly dividend of rs cents on the
So cumulative preference stock, pay
able February Is to holders of record
February 10.
New bond offerings. this week de-
creased to ST. ,429,0 900 from $73,874 900
last week and from $l06, 700, 900 in the
corresponding week last year. Public
utilities absorbed most of the capital
raised through this weeks bond is
sues.
Chicago, Rock Island e. Pacific
Railways January gross revenues ap
proximated 100000, a new high
record for the month, compared with
$l0,608,l 1876 in January, 1928.
Milwaukee Electric Railway g. Light
Co. and other subsidiaries of the North
American Co. operating in Wisconsin
and the upper Michigan Peninsula
plan to spend S17,350, 900 for improve
ments and expansion this year.
Standard Oil Co. of Ohio, the latest
OF the old Standard Oil group to eX-
pand its marketing territory beyond
what generally has been regarded as its
sphere of influence, is expected to start
shipping gasoline into West Virginia
as result of its purchase of the Spears
g. Fiddle stations in Wheeling and the
construction of a 5,000-barrel refinery
at Latonia, KY, across the Ohio line
from Cincinnati West Virginia under
the old Standard regime was considered
Standard of New Jersey territory.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
U. S. EXPORTS GROW.

NEW YORK. February % Especially
The United States exported more than
S116,615,000 in agricultural implements
during the last year. the first time that
the total implement export exceeded
the $100,000,000 mark.
Western Canada was responsible for a
Of per cent increase in the export of
harvester combines. Exactly, there were
1917 of them, valued at SIC, ABB 900.
which were shipped out of the United
States last year. But 1t is the wheel
tractors which literally covered the
earth. Last year, 53,858, valued at $44,-
100000, were sent out of the country.
Other large increases in agricultural
machinery export is shown in track
laying tractors and cream separators
jim fact. every line of agricultural
implement increased its past record ex-
sept drills, seeders, sprayers and busters.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
POTATO MARKET STEADY.

CHICAGO, February % Omitted
States Department of Agriculture) -
Potatoes-Receipts. 139 cars; ON track,
ZIG; total United States shipments
Thursday 852; Friday, 404 cars; trading
good, market slightly stronger on
Northerns; steady on other stock; Wis
consin, sacked, round whites, 80al 90
Minnesota and North Dakota, sacked,
round whites. 80a90; Idaho. sacked,
russets, l,55al.75; fancy bakers shade
higher
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
Construction Contracts.

NEW YORK, February % [P).-Sus-
tanned activity in heavy construction
and engineering projects is reported in
virtually all sections of the country
with the sums involved higher than at
this time last year. Engineering News
Record states. The money value of
contracts let throughout the country in
the past week totaled $66.19l 900, COM
pared to S89,029 600 in the preceding
week and s62 1888, 900 in the correspond
ing week last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
WHEAT IS LOWER
IN EARLY TRADING
Selling Movement Started Follow
ing Weakness in Liver
pool Market.

Special Dispatch to The Star.
CHICAGO, February %. 49, Wheat
prices were sharply lower early today
with selling inspired by the weakness
in Winnipeg and Liverpool on Friday.
After the first hour March was 1.27H4.
May, 1925; July, 1.3412.
Corn was weak with wheat. After the
first half hour March was GAS, May,
90; July, 10l u.
Oats were weak. March was so, May,
So; July, 50h.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
THREE FARM MACHINE
COMPANIES TO MERGE
By the Associated PICS

BY the Associated Press.
CHICAGO, February 23-The pro-
posed consolidation of three of the
largest farm implement manufacturing
companies in the country into one $50
100000 concern was announced last
night after meeting of the officials of
the companies.
Those involved in the merger are the
Oliver Chilled Plow Works of South
Bend, Ind, the Nichols & Shepard
Co. Of Battle Creek. Mich. and the
Hart-Parr Co. of Charles City, Iowa.
Details of the consolidation were not
announced, pending meetings of the
stockholders of the concerns in the
near future to ratify the agreement.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23

sl,174,915, after all charges and Fed
eral taxes, equal, after preferred diyi-
dendS to 1887 share on 263,532 COM
mon shares outstanding. This COM
pareS with net profit in 1927 of 1891 ,444,
or So share on 100000 shares of COM
mon then outstanding. Current assets
on December 81 amounted TO S., 904, 900,
against current liabilities of $529.000
Cash totaled more than 50 100 900, with
inventory valued around $3,200.000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23
BOND AWARDS INCREASE

NEW YORK, February % LP.-
Municipal and State bond awards
scheduled for next week will total $685.
l28, 988, compared to $15,990,066 this
week end weekly average of $40, 761, :
497 so far this year. Forty-two issues
are to be floated. the largest Of which
is toe sl0o00,o0O State of Louisiana
road bonds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23

ton Chapter, al
the willard, when
nearly $50 bankers
and their guests
will be present. Mr.
lotion is conectn-
ed with the Chase
National Bank in
New York, h a S
been president of
New York Chapter,
a delegate to eight
n a I ional conven-
tons and is a
member Of the adj
lministrative COM
mite e of the
American Bankers
Association.
The b n q u c I
~, 49,