davidaulloa/AmericanStories huggingface dataset:
Evening star., 1929-06-10
Hangar and Three Planes Burn.

BOSTON, June 10 R.-A metal
hangar and three airplanes were de-
stroyed by fire at the Boston airport to-
day. Two of the machines were new
and recently had been delivered to Sky
ways. Inc. A preliminary estimate placed
damage at 100000.
Evening star., 1929-06-10
Bank Statements

Washington clearing house, $4,409,-
COSTA.
Treasury balance, $104, ,769, ,044.43.
New York clearing house exchange,
$525, 100000.
New York clearing house balance,
09,000,0 900.
Evening star., 1929-06-10
BORAH REQUESTS
SENATE TO ADOPT
FARM DEBENTURE
Says Party Platform Pledges
Equality of Agriculture
With Industry.
EXPORT PLAN CALLED
INDISPENSABLE STEP
Prospects Are for Vote on This
Phase of Bill Not Later Than
Tomorrow Night.

The Senate will vote at pm. to-
morrow on the conference report on
the farm-relief bill. An agreement
to this effect was entered into this
afternoon.
Evening star., 1929-06-10
WEATHER.

GO. s. weather Bureau Forecast.J
Partly cloudy tonight; tomorrow fair
and somewhat warmer
Temperatures: Highest 10, at noon to-
day: lowest. Sc. at $50 am. today.
Full report on page 9.
Evening star., 1929-06-10

The Stars carrier system covers
every city block and the regular cdi-
ton is delivered to Washington homes
as fast as the papers are printed.
Evening star., 1929-06-10

SATURDAYS Circulation, 101,824
Sundays Circulation, 110.317
Evening star., 1929-06-10

Continued on Page 2, Column g.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
INVESTMENT TRUSTS
ARE UNDER SCRUTINY
By the Associated Press.

By the Associated Press.
NEW YORK, February 9.-Invest-
ment trusts, which got their start
in popular favor abroad and have
been increasing in number almost daily
in this country. are drawing to them
selves the close attention of Govern
ment regulatory authorities.
Only recently the National Associa-
ton of Securities Commissioners, rep
resenting the authority of 81 States
prepared code of ethics, or a standard
by which the dependability of such
trusts could be measured.
The trusts, In effect holding COM
panieS owning large blocks of securi-
ties, usually In a variety of corpora
tions in different industries, but some
times combining their investments to Sc
curities Of corporations within one ma
jor industry, benefit their stockholders
through profits accruing from apprecia-
ton in the market value of securities
owned or dividends paid. During 1928
they increased rapidly In number, capt.
tai and scope, and became for the first
time, in this country at least, an i'm
portant factor in stock market opera
tons. Frequently the recovery of sag
ging markets could be ascribed to pur-
cfases by these organizations. They
have, however, yet to face the test of a
real bear market. ,szss
The code of the security commission
erS' association provides, In brief, that
securities offered by investment trusts
be marketable and negotiable by in
dorsement, that executive personnel
have clear record and good reputation
for business ability, as well as a per-
sonal investment in the trust, and that
definite provision be made for making
public the trusts financial position and
record.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
BY CHARLES r. SPEARE.
ecial Dispatch to The star

special Dispatch 20 The Star.
NEW YORK, February 9.-with the
average of stocks of nearly q. dozen
points for the week when the market
opened yesterday, representing a large
slice taken out Of the paper profits of
the specializing public, there were
strong technical grounds on which to
expect either further reaction or a
substantial advance.
The fact that neither occurred for
several hours suggested the confused
state Of mind In which Wall Street finds
itself on account of the Federal Re-
serve warning and the Bank of Eng
land advance in its rediscount rate. It
also gives color to the suggestion that
the closing Of the New York Exchange
today was an act of caution rather than
one looking to the well-being of the
clerical forces In the financial district.
Directors Meeting Monday.
It is difficult to obtain a clear picture
Of the events that are likely to have
most to do with the course Of security
prices in the next few weeks. OF most
immediate interest is the meeting Mon
day OF the governors of the Federal Re-
serve Bank Of New York., which has
been put forward several days and,
therefore, suggests an emergency to be
dealt with. This naturally gave rise
to the rumor that at that time the re-
discount rate may be raised on agree
ment made with some of the other
banks in the system, as Chicago and
Boston. which have previously taken
initial action to advance their rates.
On the other hand. the argument still
holds that II the Federal Reserve is
to maintain stable rate for business
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09

By the Associated Press.
NEW YORK. February 9.-Progress
on the main line to Eastern railroad
consolidation may be blocked by legiS-
lation and differences of opinion, but
there seems to be plenty of traffic NOV
ing on the branches.
While the railroad world Is waiting
for the Hoover administration to aid
in changing the red light of obstructing
legislation to green and the final clear
ing Of the track opened by Congress
when it told the Eastern roads nearly 10
years ago to go ahead and consolidate
into trunk line systems, the railroaders
have been busy putting their yards in
order. Also they have displayed ten
dency to acquire smaller. roads neces-
sary to completion of their individual
projects.
Van SweringenS.
The Van Sweringen brothers of the
Chesapeake & Ohio and President
Daniel willard of the Baltimore &
Ohio have shown outstanding activity
along this line, hoping to win over
the Interstate Commerce Commission,
nemesis Of consolidation plans, to the
idea that such purposes are in the
required public interest"
This same public interest" further
has been drawn to the railroad business
by Van Sweringen organization of a
$l00, 100000 holding company which is
expected to take over virtually all their
industrial and railroad securities and
to invite the public to participate in
any profits, somewhat on the invest
ment trust plan. Still more recently
the New York Central. won commission
approval to acquire the big Four,
Michigan Central and other subsidiary
lines under lease, provided the Central
would purchase six short-line roads.
The coffee cup conferences of rail-
road heads, feature of 1928, seems to
have been abandoned. Moreover, elimi-
nation of President Leonor F. Loree of
the Delaware & Hudson, and his fifth
trunk line proposal through purchases
OF his roads Wabash & Lehigh valley
holdings by the Pennsylvania and for
fixture of his option on the Buffalo,
Rochester & Pittsburgh to the Van
Sweringens leaves only four great lines
to dispute, or divide, the Eastern
territory,
Fifth Line Threat.
Four great lines, perhaps, but a. new
factor has come into the situation,
which has all the earmarks Of new
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
MARKET WAIVERS IN ATTACK
AGAINST SPECULATIVE CREDIT

paper It cannot lift its own rediscount
rate above 5 per cent.
Gov. Norman OF the Bank Of Eng
land Is returning home without having
accomplished the purpose that brought
him to this country 10 days ago. It il
recalled that when he came here In
July, 1927, and, with the heads of other
banks in Europe, conferred with Fed
eral Reserve authorities, he was able
to influence them to reduce the redis-
count rate In August to 3K2 per cent
in order to assist them in carrying out
the sterilization program. Since that
time quite a strong anti-British element
has developed In American banking cir-
Giles, especially among Western bank
ers, and it has It's representatives among
serve banks. Their argument Is that
this country has done its share in as
sisting Great Britain to get back on her
feet and that it is now important that
American business be the first consid-
Grafton in all banking policies. It Is
doubtful If Gov. Norman sensed this
change when he came here confident
that he could secure q credit co-opera-
ton that would permit the Bank oil
England to hold It's gold and at the
same time relieve 1t of the necessity OF
raising its rediscount rate and. there
fore. creating both business and politi-
cal problems In Great Britain.
! Preparations Question.
There IL O certain relationship In the
whole domestic money situation and Its
repercussion on Great Britain to. the
reparations and debt questions which
come up In Paris today. The high rates
of interest here and in England will
make IL increasingly difiicult to project
any plan for the fiotation OF German
PREPARATIONS bonds In those, markets
which must absorb the largest quantity
Of them If such a loan Is to succeed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
PR|CESAND OUTPUT
OF COPPER MOUNT
Red Metal Stocks Now Less
Than Demand, With
Values Gaining.
BY the Associated Press.

BY the Associated Press.
NEW YORK, February 9.--These are
boom days for red metal, and back of
the prevailing Is cents pound price
for copper Is a story of the failure Of
the 1928 record peace-time production
to keep up with the heaviest domestic
peace-time withdrawal in history. A
decline in imports of the refined product
and wide gain In exports are COM
bined with depletion Of nearly 100,-
100000 pounds in refined and blister
stocks as contributing factors.
Steady advance of copper stocks
traded on the country's exchanges give
evidence of the beneficial effect upon
earnings Of the rise in the monthly
average price OF copper during 1928
from 1896 cents pound in January
to 1873 cents In December. Today the
selling price Is around 10 cents, with
consumers moving their own purchases
In motor trucks In an effort to hasten
delivery and to fill stockrooms scraped
nearly bare.
The total of new refined copper with
drawn on domestic account during 1928
Is estimated by the United States Bureau
of Mines at 1858, 1000 pounds, an
increase Of IL per cent over the 1927
Withdrawals of 1,423, 100000 pounds, and
the greatest in history with the one
exception of 1918, war year.
decrease of nearly 100000, 900
pounds in refined and blister stocks at
the beginning of 1929 bespeaks the
failure OF production to overcome the
handicap Of three months required to
transform ore into the refined product,
although smelter production increased
10 per cent. production of new refined
copper gained per cent and the output
OF secondary copper in 1928 was per
cent above that Of 1927.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE. Md, February 9.-po-
tatoes, white, 100 pounds, LOCAL .35:
sweet potatoes, barrel, 1.50a3.5O; bushel.
75a1.85; yams, barrel, 200a4.0O; beans,
bushel, 2.00a4.50: cabbage, hamper, 100
ATS; carrots, bIshel, 1.50aI.75; celery,
crate, 2.00a3.00: cucumbers, bushel, 500
a8.00; eggplantS, crate, 400a5.50: kale,
barrel, 3.00a5.50: lettuce, hamper, 1.25a
200.
Onions. 100 pounds, 3.ooa5. so: oyster
plant, crate, 600al0.0 90: peas, bushel,
65a75; squash, crate, 3.00a4.00; parsnips,
basket, 65a75.
Spinach, bushel, scars: tomatoes.
crate, 1.25a3.50; turnips, basket, 40a6O.
Apples. bushel, 75a2.00; cranberries,
half barrel, 9.00a10.50; grapefruit, box,
2.50a3.50: oranges box, 2.00a4 90; tan
gerines. half strap, 1.25a225; straw
berries, quart, 40a50.
Dairy Market.
Live poultry-Turkeys pound, 35a43;
old, 25a32: young chickens, 34a40; poor
and thin. 90: old hens, 20a3l; Leghorns.
20a28; old ROSTERS, 1918; capons, SEA
90; ducks, 20a32: guinea fowls, each,
40a80; pigeons, pair, 30a35.
Dressed poultry--Turkeys. pound, IS
a43; old, 25aS2: young chickens, 30a35;
old and mixed, 25a30; old ROSTERS, 18a
20: capons. 33a42; ducks, 25a30.
Eggs-Receipts, 814 cases; native and
nearby firsts, free cases, dozen. SO: cur
rent receipts, 33a36.
Butter-Good to fancy creamery,
pound, 47a52: prints, 52aS4; blocks. ST
ass; store packed. IS: dairy prints, asa
28; rolls. 25a26; process butter, 4ia42.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
RAILROAD HEADS PREPARING
FOR MERGERS DESPITE BLOCK

fifth line threat. The Taplin interests
Of Cleveland have visions OF building q
direct route from the Great Lakes to
tidewater, probably at Baltimore, and
are seeking permission to acquire con-
troll of the Western Maryland, which
they would like to link with their Pitts
burgh g. West Virginia and the Wheel
ing g. Lake Erie. F. e. Tapiin, chair
man of the Pittsburgh & West Virginia,
already building an extension to con-
meet his line with the Western Mary
land, may thus, after all, develop nth
trunk line system capable OF competing
for the business that passes through the
coal and steel districts.
The Chesapeake g. Ohio apparently
wishes to combine the Nickel Plate,
Pere Marquette, Hooking Valley, Erie,
Virginian, Delaware, Lackawanna 81
Western, Bessemer 81 Lake Erie, Pitts
burgh & Shawmut, Buffalo, Rochester
& Pittsburgh and number Of smaller
roads.
The Baltimore & Ohio has demon
strated a fondness for combination of
the Wabash, Ann Arbor, Detroit, To-
ledo & Ironton. Reading, Central of
New Jersey, Chicago, indianapolis &
Louisville and Buffalo & Susquehanna
lines with its existing holdings of the
Western Maryland and third Of the
Wheeling.
Attitude Of Central.
The New York Central has shown less
disposition to take over lines other than
those in which It already Is interested
President Patrick E. Crowley appar-
entity being more interested in develop
ing business and improving the exist
ing system of identification. However
the Central has acquired third of the
Wheeling & Lake Erie, and might be
expected to seek invasion of New Eng
land through closer affiliation with the
Boston & Albany or New Haven.
Gen. w. w. Atterbury, doughty presi-
dent Of the Pennsylvania, has the repu-
tation of being the greatest unknown
human factor of the situation. His line
having already the advantage of strate-
gle location, has made striking appeals
for passenger and freight patronage
developed extensive identification prof.
ects, taken control of the Wabash and
acquired half ownership OF the Lehigh
Valley. It appears to be In a position
to share the Middle Atlantic area with
the Baltimore & Ohio and to seek
Canadian business by taking over the
Delaware & Hudson. Close relations
with the New Haven would give wide
access TO New England.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09

ard has been experimenting with air.
plane motors for some time. They. are
working on Diesel engine, which Is ex-
pected to eliminate fire hazard and cut
operation costs, which, II perfected, air
plane engineers say will revolutionize
the industry. so with Packard's earn
ings averaging S317 for the period 1922
1927 and touching 1884 last year, many
believe the stock has still further pos
sibilities from an aviation standpoint.
Continental Motors Is q straight motor
manufacturing concern with long ex-
perience In the automobile industry,
and which supplies motors to many au-
tomobile manufacturers. Lately they,
too, have become interested in airplane
motors. Earnings for the past six years
have been rather steady and have ave
eraged $l.14 q share. The stock pays
80 cents in dividends.
Such rapid progress has been made
in aviation during the past year and
half that the prices of the i1dustry's
stocks have risen steadily with only
temporary setbacks. They move, how
ever, over wide range and must be
considered speculative.
(Copyright, 1927
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
C0CA-C0LA COMPANY
PROFITS AT NEW RECORD

By the Associated Press.
ATLANTA. Ga. February e.--For the
fourth consecutive year the Coca Cola
Co. during 1928 earned net profits which
broke all records, amounting to $l0I =
1901, or $f0.19 share, 1t was disclosed
In the annual report made public here.
Sales, likewise, for the fourth consec-
utive year surpassed all previous high
marks. Growth in domestic and foreign
consumption and In virtually every other
factor related to the company's prosper
ity were reported.
Net profits for the year represented
an increase Of IL per cent over those Of
1927, when $9,l63,155, or $9.i6 q share.
was earned. Sales jumped s per cent
to $34, 743, 1894 and gallonage manu-
featured increased to 23,212,5i9 as con-
trasted to IS gallons of syrup which
marked the first annual output after
organization Of the company in 1888.
Current assets were placed at 500
ISL ,392.42.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09

share was named, the next year, $2.54.
and for the first half of 1928, $1.73
share. It pays 81 and is obviously re-
tanning q larger portion Of earnings for
expansion. In 1924 the stock sold ct
AZ. It now pays 81 In dividends.
Wright has developed fairly steady
earning power during the last few years.
It Is interested in many branches Of
aviation, including flying schools and
commercial transportation. In 1925 It
was earning $283 and in 1927, $3.77.
Last years earnings are not yet avail
able, but they should show q marked
increase. The stock pays % dividends.
Because motors are SO vital to the
industry, Il is natural that several large
automobile and motor manufacturers
should turn to this field. Among the
more prominent are Ford, Gardner, We
lie, Marmon, Packard, Continental and
Lycoming (subsidiary Of Auburn. The
possibilities are that other automobile
concerns will enter the field in due
tune.
Packard and Continental Motors.
Thus Il ID no longer possible to con-
slider q stock like Packard merely on
the basis OF automobile business. Pack.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
D. c. RETAIL STORES
SHOW TRADE GAINS
Increase of 3.5 Per Cent in
January Indicatde by
Bank Figures.
BY the Associated Press.

by the ASSoCteteu fEeoSs
RICHMOND, Va, February 9.--De-
partment store retail trade, as reported
by 10 stores In the fifth Federal Reserve
district to the Federal Reserve Bank OF
Richmond, shows an increase in Janu-
airy, 1929, Of is per cent over the ag-
gregate sales Of the same stores in jan
uary of last year, report issued by
the Federal Reserve Bank here shows.
Baltimore stores show an increase Of
six tenths per cent; Washington stores,
an increase Of 3.5 per cent. and Rich
mond stores an increase of 3.6 per cent,
the report reveals, while Norfolk, Va,
stores, with a decrease of 1872 per cent,
show the greatest January decline, as
compared with the same month Of last
year.
Only 10 Of the reporting stores sent
In higher figures for January. 1929, but
the decreases shown in the figures from
the remaining 81 stores were small and
the reported increases materially
changed the district aggregate report.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
C. & o. Car Movements.

An average daily movement of 34,65l
freight cars on the Chesapeake & Ohio
Railroad during January was reported
yesterday by w. J. Harahan, president.
This average exceeded the figure for
January. 1928, by 2,37l and consisted of
1896 loaded cars and l5,155 empties
Car miles for the month totaled &C.,
640,34l. The average mileage for all
cars on. the railroad, including bad
order and stored ones, was SCI, while
revenue loads received during the month
from connections totaled 24,743.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
UNIFORM BROKER CHARGE.

NEW YORK, February 9 (P.--A uni
form minimum commission charge, pos
sibly applicable throughout the coun-
try, by big brokerage houses, is ex-
pected to result from discussions by
members Of number Of leading COM
mission houses in New York, Chicago,
Cleveland, Philadelphia and other cities.
The increasing burden of handling odd
lot orders led to the discussions. A gen.
eral increase in margin requirements
also Is expected in brokerage circles.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09

TO their patrons as
q guide to home
economy. One of
the banks is pre-
senting a pi n
based on q month
ly income of $500
for a family of
two. It is only q
guide, as e a C h
fanily's financial
situation is differ
ent. The plan
contemplates saw
ing for six main
purposes, as fol-
lows:
/. Savings. $50.
Cash in bank, in
surance; invest t.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
STEEL PRODUCTION,

NEW YORK, February Cp.-Mid-
west steel production schedules for next
week call foe operations averaging near
~ 80 per cent of capacity. with higher
schedules on diminished sheets. The
youngstown district mills are expected
the quarter in nat rolled steel depart
ments.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
New Source Of Paper.

Southeastern Alaska is regarded by
Government foresters as q permanent
source of pulpwood for paper manu-.
facure, with water power resources,
tidewater transportation and q climate
permitting Of year-round operation Of
paper plants and shipping. Pulpwood
production is estimated at 1,5OO, 900
cords yearly, enough for 100000 tons
Of news print annually in perpetuity, or
more than q quarter the present Ameri-
can consumption.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
PARIS B0URsE PRICES.

PARIS, February 9 lR.-Price
changes were irregular on the Bourse
today.
Three per cent rentes, II francs 10
confines. Five per cent loan, 81 francs
20 confines. Exchanges on London,
124 francs 1914 centimes. The dollar
was quoted at rs francs 60h centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09

NEW YORK, February Q R.-Gen.
eral business in the electrical industry
continues at a satisfactory level and the
outlook for February is decidedly good.
says Electrical World. From the stand
point Of volume, power company re-
quirements appear larger than those of
manufacturing industries. Middle West
railroads are providing q substantial
portion of tho business.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
BANKS ENCOURAGE
PLANS FOR SAVING
Several Local Institutions
Distribute Budget Sugges-
tons to Customers.
BY EDWARD C. STONE.

The Community Chest drive prevent
ed the usual Thrift week in this city,
but several local banks have been dis
playing budget blanks and Offering them
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
CHICAGO POULTRY PRICES.

CHICAGO. February Q LP.--poultry
Alive, easy; receipts, truck, no
cars; fowls, 81: springs, 80; ROSTERS, "a;
turkeys, IS; ducks, 80; geese, %.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09
U. 8. TREASURY RECEIPTS.

Treasury receipts for February 7 were
$6.425. O4O.s3: expenditures, S24,
69705: balance. $l04. 18932S.65.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09

Curtiss Is one Of the older n1anufac-
turing concerns which has recently gone
into air transport business and has
established school for pilots. Its busi-
ness has kept pace with that Of the In
dustry. but earnings have indicated that
the margin Of profit has been growing
somewhat smaller. In 1926, 81 cents
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-09

Four great lines, perhaps, but a. new
factor has come into the situation,
which has all the earmarks Of a new
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-17
Virginia Society Notes
OF Special Interest

Mrs. H. L. Taylor, wife Of Maj, Tay-
lor, military instructor at Staunton
Military Academy. was hostess Friday
at her residence in S. M. A. grounds,
entertaining with a beautifully ap-
pointed bridge-luncheon. She was as
sisted in receiving her guests by Mrs
Thomas H. Russell and Mrs. I. w
Littell, wife of the late Gen. I. w
Littell, u. S. A.
Mrs. Thomas G. Elder, who has beer
visiting with relatives in Staunton, has
returned to her home in Washington
D. G.
Mrs. Paul Hays, who accompanied
her aunt Mrs Cordell Hull, on recent
trip to Panama, has returned to her
home on Hays avenue, Staunton, Va
The Misses Grace and Florence Elder
of Staunton left Friday for Washington
where they will spend several days
visiting relatives.