davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
BY I. A. FLEMING.

The Federal Reserve Board should be
thoroughly satisfied, plus, with the
LIQUIDATION that has taken place in
wall street during the past 10 days
and especially with the drastic cleanup
of the 10000. 000-share day.
Many have been waiting two years
for this reaction. more have expected 1t
but were lulled into belief that the new
order of things did not provide for any
such thing as a real reaction; others
made their play on the market on the
theory of reaction past due and SUI
fered for It,
And then the cyclone broken in full
flry-nothing ever like 1t before,
though some of the gray heads OF today
still recall instances of former Secre-
taries of the Treasury leaving Wash
ington, unostentatiously, to appear the
next day in New York with announce
ment that 1.-The Secretary of the Treas
ury gives assurance that whatever
money is required by the banks of
New York will be forthcoming, and
the panic was anded with great hurrahs.
Bears Slow Starting.
In this debacle much adoo was made
of the success of the bears, getting
hides and horns of the bulls. but the
bears did not do much In the early
Gays VI GIle SluItlP-lb WdS Wv opCC0S
and the bears have been alternating
so long, in an effort to hold what little
hide they had left from the three big
bull years, that it took some time to
get into action-and then just room
traders, who squared the account at the
close of each day, giving the market
a show of f1rmness with the closing
How About Investment Trusts?
An interesting problem, concerning
which We have no information. nor
have any New York dispatches given
any indication. is the position of the
investment trusts after the deluge.
It would be very enlightening to know
whether they lodged at the first sign
of storm and got from under through
liquidation on grand scale, turning
then with the market to give 1t an
additional push, ready to get under
with big buying orders at the culmi-
nation of the break or are still holding
their quota of high-priced shares.
Its Own Weight.
It was the enormous accumulation of
securities by buyers all over the United
States that finally broke the market.
Brokers were scared at their long lines
and commenced calling margins and the
calling continued to grow more per-
sistent as holders realized what they
we're up against and added the weight
of their shares to the general burden.
Wednesday 1t was next to impos-
sible to get into a brokers' Office in
comfort, on Thursday it required ability
to fight ones way within sight of a
ticker-order clerks we're cross and
tired, every one else was gathering in
margins.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
WALL STREET SHOWS POWER
TO STOP PANIC ON EXCHANGE
Chaotic Conditions Quickly Subside as
Bankers Come to Rescue-Contrast
to Former Times.

And then the Macedonian cry went
up-"Help! Help us! ere we perish!"
Wall Street Helps Itself.
This time the appeal was not an
swered by the reserve board, the Treas
ury or the hundreds of investment
trusts-but by Wall Street magnates
of the first water.
Six bank officials, led by Charles H
Mitchell of the National City Bank,
literally got under the market. Their
plan was not to accumulate large hold
ings of low priced stocks but to take
what they had to steady the market
and stand ready to repeat when
necessary.
Low prices on the industrials aver
aged nearly so per cent decline. This
brought many of these stocks where
the annual dividends will carry the
shares, while many rails at the much
more modest reductions will also carry
themselves.
Heavy borrowing to carry enormous
holdings of securities, continuing fol
years, at last demanded and forced a
reckoning New buying will not start
with real confidence for some time to
come, but there are large buying COM
missions waiting for any further slump
while the big SIX in the New York
bankers pool have not used anything
like the resources of the pool, but will
on occasion.
Local Securities.
There are bargains on the local Stock
Exchange, not as many or as tempting
as those on Wall Street, perhaps, but
holders of local shares have not been
forced to pass sleepless nights because
Of market commitments.
Probably some investors in local
securities have been compelled to liQui-
date in order to strengthen their posi-
ton elsewhere.
Naturally no such widespread de-
moralizaticn in the worlds greatest
security market with its corollary OF
curb, bond and unlisted securities and
its wide influence on the world of finance
can occur without sympathetic slumpS
in securities everywhere
Capital Traction has developed new
low. this being the most serious decline
notable. Railway cocmmon was shaded
slightly. Mergenthaler sold off some
what, but has recovered and many
miscellaneous shares and bank stocks
have displayed a little weakness, while
bonds are moving rather freely.
Investment Trusts.
During the current year to Septem-
Der Is. new investment trusts have
placed with the American public ST.
$4,000 for common stock, $808, 600, 400
for preferred shares and $243, 100000
for bonds, q total invested of $2,-
1913 100000.
Promoters were conf1dentially looking
for placement of over $4,000 900 000, 900
when the cyclone hit Wall Street.
After growing slowely for so years
British investment trusts have reached
a capitalization of 81 900 5000
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
MARYLAND FARMERS
WILL VISIT NEW YORK

Special Dispatch to The Star.
BALTIMORE, October 26.-In order
to show Maryland farmers who live near
its lines how farm products are
marketed, the Baltimore & Ohio Rail-
road, in conjunction with the Univer-
sity of Maryland and the Railway Elk
press Agency has arranged for a group
of so farmers to leave here tomorrow
for a two-day visit Of New York Citys
market terminals.
Farmers and extension workers will be
shown how all classes of farm products
are handled, received, graded and sold
to the various consuming channels.
Besides visiting market terminals of
the metropolis, the party will be taken
on boat trip around Manhattan, will
inspect the ocean liner Berengaria
and the plant of one of the large news
papers, among other interesting places.
o. K. Quivey, general agricultural
agent of the Baltimore & Ohio, will be
in charge of the trip.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27

securities which has been steadily adj
vancing while common stocks have been
making their extraordinary decline.
Just what argument there is now for
maintaining 6 per cent rediscount rate
at the New York Federal Reserve Bank,
no one but the elect few seem to know.
Liquidation has been accomplished in
stocks more rapidly and on larger
scale than the Federal Reserve could
have anticipated and business Is at the
moment just at that critical point when
it should have all of the encouragement
that easy money would give.
Effect on Industry.
It is too early to Judge of the reac-
ton on industry of the loss of profits.
and therefore of purchasing power, of
the many thousands who have been sup
plying the demand for the products of
corporations whose stocks have been
prominent In the advance of the past
year. Obviously those of a luxury or
non essential character will suffer from
the markets collapse. This will accen-
tuate the decreasing production noted
for some time in the iron and steel
| trade and in the automotive industry, il
Illustrated In the decrease of over 20 per
cent in General Motors net earnings
Tor the September quarter. The break
Ia WAlGdb WIFI lIldG SIOCkS,
also affects the buying power of large
sections of the country and reacts on
railroad earnings and on those of con-
Germs which prosper most when farmers
are we'll to do.
1t should not be forgotten, however,
that while there has been a great de-
Struction of market values. actual val
ues have not been greatly disturbed and
that there Is still an enormous amount
OF capital awaiting investment on rea-
sonable terms. After year during which
the public waved aside the element of
income yield on stocks and considered
uisS "r ~ appeecaa' S, tnac mignt OF
period of industrial prosperity, there Is
now a disposition to return to fun
damentals and to consider stocks from
the various angles that conservative in
vestors viewed them prior to the advent
of our exploited new era"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
TWO DIVIDENDS VOTED,

NEW YORK, October IS (SpeciaD.-
At meeting of the board of directors
OF Warner Bros. Pictures. Inc, a quar-
terly dividend of 81 per share was de-
clared on the common stock, payable
December /, 1929, to stock of record
November IL. 1929. On September /,
last, the company paid q dividend of
IS cents per share plus an extra of 1215
cents.
The regular quarterly dividend Of SIS
cents per share on the preferred stock
was declared payable December /, 1929
to stock of record November 10, 1929.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
COFFEE SUPPLY GAINS,
WHILE PRICES DROP
Special Dispatch to The Star

Special Dispatch to The Star.
NEW YORK, October 26.-The cof-
fee market has experienced sharp
break since last month, indicating that
the Coffee Defense Institute of Brazil
is finally weakening in its power to
control the situation.
The difficulty of financing the storage
of the burdensome supply of coffee
available this season and the apparent
hopelessness of ever liquidating this
supply at the level of prices which the
Defense Institute has endeavored to
maintain are the factors underlying the
recent collapse of the market.
Brazil not only carried over large
stocks of coffee from last season but Is
harvesting a crop this season 40 per
cent larger than a year ago. BraziPs
r<w crop alone is sufhcient to meet
world requirements this season.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
WEEKLY CLEARINGS.

NEW YORK, October 26 Cp).-The
weekly statement of the New York
clearing house shows: Total surplus
and undivided profits. $1.108, 607, 900,
unchanged. Total net demand de-
posits (average), $t03, 631 900 increase
Time deposits (average), $2,S2s, 900 in
crease. Clearings week ending today,
81 1856, 763,625. Clearings week ending
October 10, s11,se2, es&,os9. cieaSinSs
this day. $3,0I6.7e1.ooo.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
INVESTMENT BOND
ISSUES SHOW GAIN
Convertible List Holds Steady.
Rail Group in Brisk
Demand.
BY the Associated Press.

BY the Associated Press.
NEW YORK, october 26.-The bond
market was quiet and steady in today's
short session. Investment issues were
taken with some readiness. but issues
with speculative touch we're inclined
to ease. The United states Government
list, the strongest SPOT in yesterday s
market, was off shade.
ConvertibleS held close to the previ-
Gus finals, with gains of fraction to
point appearing in the more active
issues during the earlier dealings.
American Telephone 4l2s gained 2
points at the opening, but lost most of
The advance.
Great Northern A featured the rail
group with rise of more than 2 points.
Atlantic Coast Line 5s gained l.
Liggett & Myers rs, Cuyamel Fruit 6s
and United Drug IS advanced to 2
points,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
DOUBTS LOSS IN SALES.

NEW YORK, October IS Especially -
Despite some individual banking opinion
TO the contrary, retail buying of mer-
Chandise does not stand to suffer from
the slump in the stock market, Victor
w Sincere. president of National DE-
partment Stores, Inc, one of the largest
retail merchandising systems in the
country, declared today. At most, the
stock market reaction can have only a
temporary effect on retail sales said
MIR. Sincere. If any effect is felt it
will be only In the case of the so-called
Iuxuries and not in staple merchan-
dising lines which will continue in good
demand as long as industrial conditions
&@main favorable.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
CORN PRICES HIGHER
THAN YEAR AGO NOW

The 1929 corn crop now promises to
be larger than anticipated at the be-
ginning of September. The Govern
ment, in its October report, estimated
compared with 2456,000, 900 bushels
forecast last month. This years yield
however, will still be 109 per cent
smaller than the crop in 1928. when
1885 100000 bushels were harvested.
The price of corn has declined since
last month, but 1t is still at q notice.
ably higher level than a year ago. The
reduced supply available during the
coming season argues against any
further conspicuous decline.
The 1929 output of six European
countries is estimated at 523, $4,000
bushels this year as against only 256,
Oil 900 bushels last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
POTATO MARKET.

CHICAGO, October 26 (Ao) UNITED
,tates Department of Agriculture -
'otatoes--Receipts. 1874 cars on track,
448 cars; total U. S. shipments. 963
cars: trading rather slow, market about
steady; Wisconsin sacked round whites,
2.50a2.65; Minnesota, North Dakota
sacked round whites, $50 to 2.40: sack
ed Red River Ohio's, 2.4o to 2.50; fancy
shade higher; ordinary, 2.2s to 2.a6.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
DIVIDEND DECLARED,

The National Food Products Corpora
ton has declared the regular quarterly
dividend of 62I2 cents a share on the
class A stock, payable November is to
the stockholders Of record November 2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27

Many of the bridges and viaducts of
the ancient Roman Empire are still In
use. The viaduct on the Appian Way
has been used every day since Si2 &c.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27

stopped efforts TO noderni7e for tourist
trade the ancient city OF Texec, bu3is
- 1889, 10 years after the invasicn %
1azdee By Coste&
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27

And then the Macedonian cry went
up-"Help! Help us! ere we perish!"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-12-07

GAYETY ARE
POPULAR

Giving the public what it
wants is the mark Of a first
class Snowman, and Jimmy
Lake seems to measure up to
this requirement in every
respect, judging from the sue
cess Of his newest idea, Spe-
cial matinees for ladies on
Mondays, Wednesdays and Fri
days. They came, they saw,
and they enjoyed, from the
very first, and last week more
than 500 additional attend
ance was the record hung up.
OF course the good fun al
ways in evidence at the Gayety
Is alone enough to draw such
patronage, but the Lake idea
goes farther than that. On
these matinee days, valuable
merchandise is given away.
For instance, Monday is silk
stocking day, and these desir.
able articles are given to
holders Of lucky coupon num-
bers. On Wednesday 1t is
Cinderella day, when shoes are
the coveted prize, and on Fri
day country store day Is
featured. This weeks smart
show, together with the valu
able prizes awarded the lucky
ones is expected to bring an
even greater attendance,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-12-07
''The Kiss" Convenience

When Greta Carlo made the
tennis sequences of her latest
M-G-M production THE Kiss"
now playing at Loew's Palace
all she had to do was go out
her back door to get on location.
The courts Of the Beverly Hills
Hotel were used.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-12-07
ROBARDS ACTS
w H HIS
COLUMBUS

Jason Richards was born In
Hillsdale, Mich, and was edu-
Gated at the fair city Of Sagi-
nav. He later attended the
Academy of Dramatic Arts in
New York city, and then acted
In various stock organizations
in the Middle West.
While playing with . COM
pany in st. Louis in 1917, he
was discovered" by Louise
Closer Hale, famous stage
actress, who boasts that she
has more than 40 stage chill.
dren" she has aided in their
careers. Miss Hale wrote to
John Golden in New York, and
told him that she had found
q sensational young actor In
st. Louis. Golden communi-
Gated with Robards, with the
result that he was given q role
in the original company Of
"Lightnin,'" and played for
several years with Frank Ba-
con, the author-star Of the
play Seventh Heaven" was
also for Robards, after which
he deserted the footlights for
the movies.
RobardS recently enacted the
leading male role in THE Isle
Of Lost Ships" for First Ma
tional and Vitaphone. He was
also seen in Jaws Of Steel"
Casey Jones'" Polly Of the
Movies" wild Geese" and
Shanghai"
He plays with Irene Bordoni
in the First National Vitaphone
picture Paris" now at Gran
dall's Metropolitan. in which
Miss Hale also has an import
ant part.
It Is the first and only time
they have played together since
Miss Hale discovered" Robards
in st, Louis,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-12-07
Emma Redell Will
Offer Recital Dec. IL

The Emma Redell song recital
next week brings a well-known
singer home to Washington
after seven years Of triumphs in
opera abroad. This welcome
home" Of a gifted artist, who
has some twenty opera roles to
her credit, will be staged at the
National Theater on Thursday
afternoon, December IL. at 4:30.
Tickets may be obtained at the
r. Arthur Smith concert bureau
in the Kit Music Store, 1880
O st.
Though the opera has been
her chief career, Emma Redell
has been proclaimed a born
concert singer" her American
concert tour opening in October
with q big success at Carnegie
Hall, New York. Critics spoke
of her "velvety voice Of fine
timbre," her dramatic power"
with a real gift for interpreta-
ton. Here is a singer Of the big
roles of opera who brings
warmth and beauty into the
singing Of Brahms, Roger or Sill
oerta among the song literature.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-12-07
CAROLS Vanities Plus Flock of NeW Movies
GENTLE LADY
CONFESSES
A CRUSH

Miss Ada Comstock, presi-
dent of Radcliffe College, re-
Gently confessed in a letter to
the eminent actor, William
Gillette, that the only actors
photograph that she ever
bought was one Of Mr.. Gillette.
Miss Comstock wrote Mr.. Gil
lette, as have so many other
prominent people, felicitating
him on his farewell to the stage
in Sherlock Holmes" saying
'T am one Of the many who
are happy to hear that you are
going to bring Sherlock Holmes
back to Us. Perhaps this is the
moment for q confession to the
effect that you are the only
member Of your profession Of
whom ever bought q photo
graph. I did it when you were
first appearing in Secret Serv-
ice" and Sherlock Holmes"
The years since then have
served only to show that 1t
was discriminating choice. I
am glad to think that we are
all to have a chance of seeing
you again; and I hope that your
return to the stage will give
you at least a fraction of the
pleasure you are giving others"
Sherlock Holmes" opens at
the National Theater early in
January for a weeks engage
ment.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-12-07
German Dancers to
Appear at Polls Dec.

The dynamic new expression
istic dance art of modern Ger
many will be revealed to Wash
ington audiences Monday, De
cember 8, at 4:30 o'clock at
Polls Theater when Harold
Kreutzberg and Yvonne Georgi,
foremost opponents of the mod
ern German school Of dancing,
will make their debut in the
Capital under the local man
agement of Mrs. Wilson Greene.
Harold Kreutzbehg will be re-
called as the young German
who astounded dance students
Of New York when he was pre-
sented in that city two years
ago in Joint recital with lilly
Lesch, and who came back to
the United States last season
with Yvonne Georgi to again
electrify American audiences
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-12-07
KREISLER ART THRILLS
A PACKED HOUSE

melody summoned by the mas
ter musician rode forth in
full tonal splendor on notes
clear as crystal.
Concluding the program with
his arrangement of Rimsky-
Korsakoff's Fantasy on Rus
sian Themes" KreiSler hoped to
Satiate his listeners with a last
moment Of musical ecstacy. But
not completely satisfied, I'M
mitigated applause brought the
artist back for countless bows
and three encores, of which the
last, 1.-The Old Refrain" sent
away a happy people with the
song singing in their hearts.
Carl Lamson accompanied Mr..
Kreisler at the piano. His play
ing lent admirably to the gen.
eral delight Of the program.
MADELINE ENSIGN.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-12-07
TROUBADOURS
TO PRESENT
MUSICAL

"dyped In Egypt" to be pre-
sented ON December IL, Is, and
IA at Mckinley High Auditor.
ium, Second and T Streets,
Northeast, by The TroubadourS
of George Washington Untver-
sity viii include In its cast Of
players q number Of the most
popular students at the Uni
versity. The leading role Of
Jerry O'Kaye, for instance, will
be played by Bert Bagranoff,
'33, q freshman, playing guard
on the football team; while
Nudge Burnham, 80, co-author
of the book Of "Gyped in
Egypt" and soubrette Of last
years show, Sometime Soon"
will be seen in the role Of lead
ing lady in the cast.
Jerry Sickler, comedian par
excellence for the past four
years Of The Troubadour shows,
will again assume the comedy
lead, supported by Frank West
brock, Wilhelmina Guide, Quin-
cey Lee, Caroline Brasch, Sack
Kennedy and others.
Jane Wilson, '32, will be the
"vamp" Of the show, and
Henry Nestor, Of the Foreign
Service School, viii take the
juvenile lead.
Under the personal direction
Of Denis e. Connell, who Is put
ting the cast through their
PAGES, and Julia Denning, who
has trained the entire chorus
Of dancers, "Gyped in Egypt"
bids fair to outshine all previous
Troubadour productions.
Tickets will be on sale this
week at q number Of prominent
places in the city, as well rs
on the campus, from Whitley
Stevens, business manager. and
others.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-12-07
24BOW LEGGED
GIRLS HARD
TO FIND

An urgent call sent out by w.
H. Maybery, casting director at
First NEUTRALITY-SUSPICIOUS. studios,
the other day, was never filled.
In Hollywood, where Maybery
can get a thousand beautiful
girls on an hours notice, "a bow
legged dancing girls could not be
obtained in a hurry.
They we're wanted for a COM
edy dance number in Alice
Whites 1.-THE Girl from Wool
worth's," now at the Earle The
alter. In this number the girls
raise their skirts over their
heads, and on the under part
of the skirt is painted a funny
face, while beneath the skirt
each of the girls wore a little
plush dress suit and false arms
dangled down and held canes.
It was for this funny face"
number in the big cafe scene Of
this picture, and Max Scheck,
veteran New York chorus direc-
tor who was in charge of the
dance, thought that bowlegged
girls would add comedy to the
number.
An attempt was made to find
"a bowlegged girls in a hurry,
but it could not be done. A few
were found, but not enough to
fill the big cafe floor, so the
regular First National Vitaphone
chorus donned the costumes
and did the number. And there
are no bowlegs among those
damSelS, as you can see for your
self at the Earle Theater.