davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
|O'FALLON DECISION
VITAL TO RAILROADS
Special Dispatch to The Star.
NEW YORK, March 14.-When the
United States Supreme Court adj

Special Dispatch to The Star.
NEW YORK, March 14.-When the
United States Supreme Court adj
journed on Monday to reconvene on
April it had still on its docket the
important O'Fallon case. decision on
which the railroad world has been
awaiting for months with the hope
that it might clear up the confused
valuation situation.
The court had in the previous week
rendered an opinion in the lake coal
case. This, however. was not alto
gether satisfactory to the parties IN
interest and appeared to them to have
side-stepped the issue concerning the
differentials on rates on soft. coal be-
tween the Northern and Southern car
riers. The character of the decision
in this important litigation has led to
the feeling that the Supreme Court
may in its decision in the O'Fallon
case leave the vital points unde-
termined and postpone for many
months a clear Interpretation of con-
ditions that must be definitely settled
before the status of railroad credit is
permanently established.
There is strong warrant for the
opinion that. before the Supreme
Court meets again in April, the Inter-
state Commerce Commission may have
handed down its decision in the
Northern consolidation case, which in
wolves the merger of the Great North
ern and the Northern Pacific and
their controlled property, the Chicago,
Burlington & Quincy. There have
been rumors in the last few days that
such q decision would be favorable to
the applicants. However, considerable
doubt was expressed today as to
whether the commission would be
willing to permit the consolidation. In
fact. reports were current that it would
be denied
The effect of an adverse decision
just at this time when the Eastern
trunk lines are moving rapidly In their
plan to effect realignment and to
overcome legal obstacles might be
sentimentally unfavorable though not
likely to check the movement for uni
f1cations In this territory AS this
situation now stands the Baltimore G.
Ohio, Nickel Plate and the New York
Central are clearly working together,
while the Pennsylvania Is looking on
and holding several trump cards
which it will play at the proper time
1t is understood that both the Penn
sylvania Railroad and the Tiplin in
terests were taken by surprise when
the recent transfer of the Buffalo,
Rochester &, Pittsburgh to the Balti-
more a. Ohio and of the Wheeling az
Lake Erie to the Nickel fiate was an
nounced.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
CURB SHARES GAIN
| IN bULL|SH TREND
New High Records Made in
Number of Industrial
/. Issues.
BY HARRY HI. BECKER.
pecial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March dissatisfied
that continuance of the Boston Federal
Reserve and Bank of England discount
rates preSaged similar announcement
by the local institution after the close
of trading, spectators regained their
courage sufficiently on the Curb Ex-
change today TO push their favorites
into higher ground.
Bullish demonstrations, largely against
the short interest, were staged in many
groups A number of new high records
were established in miscellaneous indus
trials. This seemed to give the market
the stimulation it needed to embarraSS
the bear element.
The fact that outside participation was
small gave the list a professional char
acter. Transactions. while above recent
proportions, were still far below what
might be called normal activity.
Striking gains were scored by a long
list of leading industrials, with new
highs reached by Niles Bement-Pond
and Douglas in the aviation section,
Yellow Taxi, Brillo. Haygart, Trans
america, Gold Seal Electric, Grama-
phone. Ground Gripper and Westvaco
Chlorine
Translux was active and strong
around the former record best. Ford
Motor Of Canada added to the big adj
vance of Wednesday, but with less vio-
lence. Strong tendencies also appeared
in Cyanamid. Bohn Aluminium. Croker
Wheeler. Wright Aero and Billiard Co.
Trading was enlivened by the appear
ance of two new issues of concerns
which have already established their
popularity. One. Phelps Dodge, was in
troduced at 88l4, and Immediately de-
veloped great activity.
holster Brandes was also listed coin
cident with announcement that the
issue had been warmly received in Lon
don. The company reported it was
oversold on its products and has con-
tracted to acquire additional plants.
Oils extended their recovery, led by
Vacuum, Ohio, Indiana and Humble.
Humble crossed par for the first time
this year. In the natural gas group
United Gas firned on the news that. it
has acquired the properties of the Mis-
sion Drilling Co, consisting of 651
acres of leases in the Refugio Field. Tex.
Utilities were featured by the Ameri-
can Super Power shares, Electric Bond
g. Share new, and Electric investors.
Some selling appeared later in Avia-
ton Corporation OF America, United
States Freight, Fajardo Sugar, and St.
Regis Paper without affecting the up
ward movement in the main parts OF
the list.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
WHEAT PRICES FIRM
In EARLY TRADING
Reports of Bad Weather and Dam
age in Midwest Aid
Market.

BY the Associated Press.
CHICAGO, March 14-Steadiness
characterized the wheat market early
today, although buying appeared less
aggressive than of late. Some of the
buying today was based on reports of
strong winds in Kansas and Nebraska,
as we'll as on Nebraska advices of ex-
tensive flood damage. Opening at Il
decline to IA advance, wheat later held
near to initial figures. Corn, oats and
provisions were also easy, with corn
starting unchanged to IA down, and
afterward sagging little more.
High winds, freezing temperatures
and absence of moisture, all unfavorable
for wheat growth, were reported today
from wheat territory Southwest, and
had a tendency to uphold wheat values.
Besides, dispatches were received saying
many thousands acres of wheat in
Nebraska have been ruined by floods
during the last few days. Word was
also at hand that shipments of wheat
from Argentina showed O. decided fall
ing off, the shipments totaling but
6.6O4o00 bushels for the last week,
4.226000 bushels decrease, compared
with the week previous.
Much notice was likewise taken by
wheat spectators today of a statement
by a Chicago trade leader that regard
less of crop conditions or of heavy
supplies the open interest in wheat
here has increased TO the enormous
total of 145.000.0O0 bushels, and that a
large part of the holdings which go to
make up this total will doubtless be
kept intact until the passage of farm
relief legislation. If not longer. He adds
that when farm relief bill has been
enacted, a sterilization corporation will
likely have in the neighborhood OF
one-half billion dollars with which
to operate in the wheat market and
that the result Of such operation can
scarcely be other than bullish.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
BY RICHARD WINNERS
Special Gable Dispatch to The Star.

special CdDle liSpdVCn W AHc otdi'
BERLIN, March 14.-American COM
panies are on the verge of absorbing a
large section of the German automo-
bile industry and vast changes are i'm
pending In the German automobile mar
ket.
Henry Ford has recently increased the
activity of his firm in the European
market and according to rumors will
establish q new plant In Germany at
considerable outlay. simultaneously,
the General Motors Corporation is on
the eve of concluding q huge transac-
ton involving the acquisition of a con-
trolling interest in the largest German
automobile factory--that of Adam Opel
of Ruesselsheim, near Frankfort-on-the-
Main.
Opel Factories Large.
The Opel factories have an annual
production capacity of 10000 cars.
Details are not ascertainable, but 1t Is
understood that the deal, which is ex-
pected to be formally concluded within
a few days, includes the buying of 80
per cent of the Opel shares by General
Motors for a price of approximately
$50 100000.
Production under the new arrange
ment, which will be continued under
Opels name, will be concentrated on
the wholesale fabrication of cheap cars
for the entire European market. The
deals conclusion will mark the final
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
WALL STREET AWAITING
DISCOUNT RATE DECISION

BY the Associated Press.
NEW YORK, March 14.-Wall Street
again awaited the weekly meeting of
the directors of the Federal Reserve
Bank of New York this afternoon with
uneasiness, and the hope that they would
raise the rediscount rate and end the
tension which has become a regular
Thursday fixture was expressed in sew
eral quarters.
The opinion prevailed however, that
an increased rate would be unlikely this
week, with several foreign exchange
rates near the incoming gold points.
From Europe came news that the Bank
of England made no change in its rate,
but that the Bank of Italy stepped up
its rate from to per cent.
ST. PAUL.-Stocks of grain on Min
nesota farms are set at 42,789,000 BUSH
els larger than year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE. Nd, March 14.-Pota-
toes, white, 100 pounds, 75al.15; new
potatoes, bushel, 150a2.5o; sweet pota-
toes, barrel. 1.5oa3.50: bushel, 1.25a1 rs;
vans, barrel, 2.00a3.75: asparagus, dog
en-, 5.o0a10.00; beans, bushel, 1.50a3 rs;
beets, crate, 2.50a2.75: cabbage, ham
per, 75a1.35; carrots, bushel, 1.5oa1 rs;
caulifower, crate, 2.o0a2.50; celery,
crate, 1.50a2.25; cucumbers. bushel,
3.00a6.00; eggplant, crate, 2.00a4. 90:
kale, barrel, l,25a1.75; lettuce bushel,
1.00a2.25; onions. 100 pounds, 3.50a
$50; peppers, crate. 1.5oa3 so; parsnips,
basket, 50a60; radishes, bushel, LISA
200; squash. crate, 1.50a2 90; Savoy
cabbage, bushel. 75a1.o spinach. BUSH
ell, 75a90; tomatoes. crate, 1.0oa3.0 90;
turnips, basket, 40a55: apples, bushel,
T5a200; cranberries, half barrel. 700a
500; grapefruit, box, 2o0a3.25; oranges,
box, 2.00a3.25; tangerines, half strap,
1.25a3.00; Strawberries, quart, 3oa45.
Dairy Market.
Poultry--Live, turkeys, pound, 35a43.
old, 25a38; young chickens. 38a45: old
hens, 33a34: Leghorns, 30a31; capons.
35a43; ROSTERS, l8a20: ducks, 20a32:
guinea fowl, each, 50a10 90; pigeons,
pair, 35a40.
Dressed poultry-Tu Turkeys pound, asa
45; old, 25a40; young chickens, 35a4O;
old and mixed, 30a35; old ROSTERS, 20:
ducks, 25a30.
Eggs-Receipts. 1927 cases: native
and nearby firsts, free case; dozen,
2712a27A; current receipts, 22a26; duck
eggs. 38a45.
Butter-Creamery, good to fancy,
pound, 47a52: prints, 52a54: blocks. 51a
So; ladies' 34a35; rolls. 30a32; dairy
prints, 30a32; store packed, 29a30; proc
ess butter. 4la42.
Hay and Grain Prices.
wheat-No. red Winter, garlicky,
spot, 1.34la; March delivery, 1.34Is.
Corn-No. 2 export, March, delivery,
no quotations: No. yellow, domestic,
spot, 1.i1al.12; cob corn, 5.25a5.50.
Oats-No. 2 white, domestic, spot.
b9a59l2; No. 3 white, domestic, spot,
57a58.
Rye-Nearby, 1.10a1 20.
Hay-ReceiptS, none. While hay is
arriving here in limited quantities only,
1t is more than ample for the demand
which is being supplied mostly by truck
from nearby points, a few carloads be-
ing received. There Is not enough bust
ness passing to establish prices on the
various kinds on merit at range of
15.0oa16.50 per ton Of timothy or clover
hay.
Straw-No. / wheat 11.00a1200 per
ton; No. oat. 1200al3.o0 per ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
GAINS IN ADVERTISING.

NEW YORK, March IA tSpeciaD -
Retail stores throughout the United
States are more active in the opening
quarter of 1929 than even during the
optimistic period which ushered in 1928,
according to the barometer provided by
tt: volume of advertising carried in the
newspapers of IS key cities.
The figures, published by the current
Sales Management Magazine, show
total advertising lineage for January of
142,506,692 lines for the As cities, as
against 1881, 633 for January, 1928
Thirty-six cities reported gains in adj
vertising.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
DANGER IN CREDIT
SITUATION is SEEN

Special Dispatch to The Star.
NEW YORK, March 14--February
brought continuation of the high rate
of activity in the basic industries and
the volume of manufacturing and trade
to date has been favorable, according
to the monthly review Of economic con-
ditions prepared by the National City
Bank of New York. With no indication
of any easing off In the money rate, the
review finds signs that general business
has been hurt by the high rate are
lacking.
Annual reports to stockholders thus
far show that aggregate net profits of
American corporations last year exceed
ed by IA per cent those of the previous
year, a rate of gain indicated by quar-
terly and semi-annual statements made
during the year. Examination of par
ticular groups of industries reveals that
general prosperity of recent years has
not been shared equally by all lines nor
even by all companies in the same line
increases, however, have offset the
decreases, so that the sum total of earn
ings is higher" the review points out.
On the subject of the Bank of Eng
land rate increase, the review says:
For the Wall Street speculator the
chief interest in the higher London rate
probably lies in its effect in checking,
for the time being at least, the flow of
gold to the United States. upon which
many were counting to provide fuel for
further credit expansion. So far as the
Bank of England is concerned, it would
seem as though definite notice had been
served that that institution does not
propose to allow its reserves to be drawn
further into the speculative vortex at
New York.
Regarding the outlook for money, the
review says:
1.-THE outstanding fact Of the money
situation is that the seasonal low point
of liquidation Is now past and we are
facing the Spring, with its enlarged de-
mands for manufacturing and trade, on
level of rates already the highest in
eight years. Right now should be the
easy period Of the year, and If We have
not got easy money now, there is little
chance of our getting 1t unless through
, collapse Of security prices or decline
IF business"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
1927 TOBACCO OUTPUT
NEAR 100000. 900

Almost $1,0OO,oO0O00 worth of cigars,
cigarettes and other tobacco products
were manufactured in the United States
in 1927, an increase of more than 10
per cent in value over 1925, the De-
partment of Commerce announced to-
day in making public data collected last
year at the biennial census of manu-
facturers.
Cigarette consumption far exceeded
that of cigars and other tobacco, the
report reveals, reaching a total value
of 1852, 26l ,070, as compared with cigar
production of 335,636,159 and other
tobacco products worth $77,626437.
The values of these products in 1925
we're: Cigarettes. $3.50 21O,316; cigars
1892 .079.325, and other products, S73,-
524,923.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
COTTON IS STEADY
IN OPENING SALES
Firm Cables and Reports Of Rains
in East Cause
Advance.

BY the Associated Press.
NEW YORK, March 14.-Cotton
opened steady today at an advance OF
10 to 10 points on renewal OF the recent
buying movement. which appeared to be
stimulated by relatively firm cables, re-
ports of rain in the Eastern belt and
large domestic consumption figures.
The advance to 21.33 for May and
20.51 for October met a good deal of
realizing, while there also was some
New Orleans and Liverpool selling,
causing reactions of several points right
after the call. But there was continued
good demand and the market was steady
at the end of the first half hour. Prices
were about 10 to IL points net higher.
The report of the Census Bureau
showed domestic consumption of $685.
098 bales for February. compared with
668,389 for January and 572,875 bales
for February. 1928.
Private cables reported general buy
ing in Liverpool influenced by rains in
the South.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
MARYLAND ELECTRIC
RATE CUT PROPOSED
Special Dispatch to The Star.


BALTIMORE. March IA proposed
slashing Of electric rates by the Sub
urban Electric Power Co, which serves
sections of Prince Georges, Calvert and
st. Marys Counties, is the latest develop
ment in the power war over electric dis
tribution in counties adjacent to the
District of Columbia.
A petition has been filed by. the SUBJ
urban with the Public Service Commits
sion, asking permission by that COM
pany to reduce its rates to a basis of
those charged by the Consolidated Gas
g. Electric Co. of Baltimore in its sub
urban extension.
The proposed rates will start with n
primary charge of 10 cents a kilowatt
hour, with a secondary rate of 4 cents.
The existing rates start at Is cents. with
a secondary Of cents. The Console
dated charges standard rate of pri-
mary service of 10 cents, with cents as
a secondary rate.
The voluntary reduction Is being
forced by the Consolidated with the eff
forts of the latter company to invade
territory claimed by the Suburban. The
Suburban company already has made
extension into Prince Georges, Charles,
St Marys and Calvert Counties, and has
a petition now pending with the COM
mission to continue the extensions to
Chesapeake Beach and North Beach, in
the northeastern section of Calvert
County.
Similar petitions have been filed by
the Consolidated to extend lines in the
same territory from hook-up with the
lines of the Annapolis 81 Chesapeake
Bay Power Co., subsidiary of the
Washington. Baltimore &, Annapolis
Electric Railroad in the lower end of
Anne Arundel County.
SILVER QUOTATIONS.
NEW YORK, March ID N).--Bar
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
New Bond Issues

Special Dispatch to The Star.
NEW YORK, March IA new
issue of $2,400,000 Textile Building
New York City per cent general
mortgage sinking gold bonds, closed
mortgage, with common stock purchase
warrants maturing November /. 1943. is
being marketed today at 100 by p. W.
Chapman Sc Co., Inc, and Peabody,
Smith &c Co., Inc.
White. Weld Sc Co., Old Colony
Corporation, Stone & Webster g. Blod-
get, Inc, First National Co. of Detroit,
Inc, and Marx g. Co., offer $2,370,000
City of Birmingham, Ala. gold 4a4 per
cent and per cent bonds. The bonds
are priced to yield from $50 to $50
per cent according to maturity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
Special pispatch to The Star.

Special DISPATCH 70 The Star.
NEW YORK, March 1.-THE 1928
report of Northwestern Bell Telephone
Co. shows net income of $7,462 ,226, after
taxes and charges, equivalent to $158.82
a share $500 par) on 47,8S9 shares of
612 per cent preferred stock, compared
with S6,973,995, or S146.70 a share, on
46,902 preferred shares in the year be-
fore. All the common stock is owned
by the American Telephone g. Tele-
graph Co.
The New England Power Co., con-
trolled by the New England Power AS
ISOLATION, has made application to the
department of public utilities for au-
thority to issue $4,000 additional COM
mon shares of S25 par at $50 a share,
the proceeds to be used to pay for ad-
ditions and Improvements to the plant.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
COPPER SALES.

NEW YORK, March IA (P).-Sales of
copper in the domestic market in the
past week were slightly less than aver
age, but with the statistical position ex-
ceedingly strong. buying was sufficient
to bring an advance Of "a a cent a pound
says Engineering and Mining Journal.
Export business continues excellent. Ex-
port sales in the first half of March ap-
proximated 1000 long tons.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
Movietone Agreement Reported.

BERLIN, March IA (P1-Two leading
European movietone concerns, Klang-
film Co. Of the Siemens group of the
German General Electric Co., and the
Tobis Syndicate, which includes the
American, French and Dutch groups,
concluded working agreement. The
agreement embraces interchange of
patents and inventions.
The technical apparatus will be COLI
structed by the German General Elec-
trio The Tobis Syndicate Tuesday pro-
duced the first movietone publicly in
Germany.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
CHICAGO DAIRY MARKET,

CHICAGO. March ID (P).-Butter-
Lower: receipts. 1902 tubs: creamery,
extras. IS; standards. 473a extra firsts,
47e4715; firsts, 46a46l2; seconds, Asa
45I2.
Eggs-Lower; receipts. 16,464 cases;
extra f1rsts. 28a28l2; firsts 81; ordi-
nary firsts, 25a26.
Poultry-Alive. firm; receipts, 1 car;
prices UNCHANGED.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
Hard Coal SHIPMENTS.

NEW YORK, March IA (H1.-Hard
coal shipments in February increased
T93,197 tons over February, 1923. 70
5,168,l97 gross tons, the Anthracite
Bureau Of Information reports.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14

HOUSTON, March 14.--Men high in
the affairs Of the petroleum industry
hope that the meeting here of the
Petroleum Institute committee on world
production this week will be able to
arrange a reduction in production in
this country Of 100000 barrels day.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Office

Special Dispatch to The Star.
NEW YORK. March 14.-Following
is list of stocks and bonds traded in
on the New York Curb Market today:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-06-12
GRAIN TAKES
SHARP BREAK
IN PIT OPENING
Farm Relief Bill Failure
Blamed for Price
Slump.
RuT-ritcd Prcaa

BIZ United Press
CHICAGO, June 12.-Disappoint-
ment over failure of the senate to
pass the farm relief bill, and belief
that there is little chance for any
immediate help from the govern
ment, caused wheat prices to slump
badly at the opening today. Corn
and oats sold lower With wheat.
At the opening wheat was 27s to
AZ cents lower; corn was off rs to
27s cents, and oats we're 38 to rs
cents lower. Provisions we're con-
siderable lower.
Liverpool wheat, which was due
to advance around IL cents, be-
cause of the late gains at Chicago
Tuesday, was as much as 21s cents
lower during the afternoon there.
The Kansas June crop report
estimated the wheat condition at 70
per cent, and the probable yield at
100000 bushels less than in 1929.
The heavy rains over the corn belt
last night we're considered bullish
as they will delay work in the al
ready weedy fields. Washington
news, however, caused this and the
strong cash situation to be ignored.
Oats were at the mercy of other
grains and showed nothing of in
tereSt in their decline.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-06-12
Building Permits

Garnt Machine Company. remodel. 1923
j. RUBEN furnace. 352 Good. 500.
$500
J. Bissclburg garage. 1114 Ewing 500:
o. o. Kinder dwelling and garage, i112
North Emerson. SO. 1900
Duckwall Realty Company, reroof, New
York and Canal, s6293.
c. r. kennedy. rcroof. 3055 Ruckle. $500
W. K. Alexander, addition, 1913 Gather
r. K. Morgan. dwelling and garage, 400
West Forty fourth. S6,75o
y. LongsTorth, dwelling and garage,
1855 Golden Hill drive ST 500
Trustees System Service, remodel, 225
North Delaware. 81. eco.
H. SchoVe, addition Talbot and Twen-
ty-dfth. s.. coo.
L. B. Thomas. dwelling and garage, 52o4
Jenny lane. S7.l00.
\. Wells, repairs, 0a9 Darnell. $500.
3. T. Jones. reroof. 1881 East Tenth,
s. E. HartaOck, addition, 1905 Laurel,
Pleasant e. Rf' Run q Boulevard. sf5o6 a 49,
J. N. Kane. dwelling and garage. 1929
North Colorado. $3.50.
. c Gaynor. remodel. 7I3 Chadwick. $500
Indianapolis Star remodel, Pennsylvania
and New York 81 0o0
D. w. Talmage. dwelling and garage. 343
Rivcrview drive. $500.
=. W. Talmage, dwelling and garage,
3i7 Riverside drive, $500.
D. w. Talmage. dwelling and garage,
6465 Central $500.