davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
SPECULATIVE BOND LIST
HOLDS FAVOR OF PUBLIC
Special Dispatch TO The Star

Special Dispatch TO The Star.
NEW YORK, August 24.-Interest In
bonds continues to run almost entirely
10 the speculative issues, with q broad
ening out Of trading this week and new
high levels in several Of them. This
has followed the strength in stocks
with which they are exchangeable.
At one time American Telephone &,
Telegraph 4l2s showed an advance
nearly 100 points, while the Interna-
tional Telegraph q Telephone con-
vertibles. which we're below 40 in the
Spring. moved up above 200.
There also have been very strong
markets in Atchisan convertible 4l2s.
Commercial Investment Trust 5l2S, AL
leghany Corporation SIS, American In
ternational 5l.s, General Public Serv-
ice 5I2s, Southern Pacific 4los, and a
recovery in Kreuger & Toll SIS.
The new additions TO the converti-
BILE list thi. Summer have been rela-
lively small. for most of the financing
has taken the form of common stock
or else preferred stocks convertible into
common shares. The great FLIP to the
speculative bond list came through the
telephone issues. and 10 a lesser extent
to those OF the Atchison n the invest
ment trust group. They have not been
duplicated and it has been far more
profitable to play along vita them than
to 60 off afleld into convertibles OF
lesser prominence.
Mortgage bonds have been dull. with
the standard issues moving around in
a narraW price area close to the low OF
the year. but with no sign that there
are many such BONDS ~oyerhanglng the
market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
ENORMOUS UTILITIES
COMBINE FORECAST
Bankers See Further Mergers of
Existing Companies-0ppo-
sition Is Feared.
BY the Associated Press.

by NV HsSOCihJCu TICSSs
NEW YORK, August 24.-Barring the
enactment of restrictive legislation, Wall
Street sees in the recent grouping of
public utility companies a giant COM
bine.
1t foreseeS one company eventually
controlling all the leading power and
light producers from Bangor. Me, to
Pensacola. Fla, within $50 miles OF
the Atlantic seaboard.
Many observers feel that this develop
ment Is likely within the next five years.
While it is still too early to forecast
how this grouping will be arranged. 1t Is
considered likely that either the United
Corporation or the American Super
power Corporation will form the nucleus
of this combine.
The current market situation IN the
public utility industry has become 30
complicated that most StatiSticians
frankly confess their inability, with the
limited information available, to arrive
at any definite conclusion regarding The
value of various stocks involved.
Holding companies own so many
stocks Of other companies. which In
turn are owners Of so many other COM
panies, that trying to figure values Is
almost an impossible task.
Fears are felt in some quarters that
the recent broad trend toward mergers
might arouse congressional opposition
and lead to another era OF So-called
trust busting.
Sponsors OF public utility consolida-
tons are attempting to forestall such
action by reducing rates through OPP
Grating economies effected through con-
solida tons, removing the price fixing
objections which led to the enactment
Of the Sherman antitrust law.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
CURB PRICES LOWER
IN PROFIT-TAKlNG
Market Says Under Heavy Week
End Realizing-Some
Gains Made.
By the Associated Press.

BY the Associated PreSs.
NEW YORK, August 24.-Curb Ex-
change prices today drifted lower under
the pressure Of proht-taking. contrary
to the movement on the big board
A scattering Of issues established new
peaks, but practically all the traders
in the recent advance were depressed.
The oils and utilities IS groups were
lower.
Electric Bond & Share, Electric In
v~estors. and United Gas Improvement
fell back pa to nearly 5 points, while
such issues rs American Superpower;
United Light g. Power A. Common
wealth & Southern and Niagara Hudson
Power sold f~ractionally lower. Amer
lean Commonwealth Power B was an
exception, advancing more than 2 points
to a record price at 43. 1t retained
all but a small fraction of its gain.
National Investors. which is to SUI
pervise a third investment trust to be
brought out next weE, climbed TO a
new top at 226, an overnight gain OF
8 points. This represents a gain of
2l434 points in less than two months.
Third National Investors, managed by
National Investors, made a new high
at 81 and closed at 6434 for a net
gain OF III. Capital Administration
issues were lower, the preferred A de-
Ginning 2 points. Blue Ridge issues sold
around their yesterdays closing levels,
while Shenandoah lost a small fraction.
Electric Shareholder common slipped
back p point and the preferred 5.
IT. the oils Gulf dropped more than
2, Standard of Ohio 3 and Humble a
fraction.
Insurance securities. Anchor Post
Fence, Blaw d. Knox, Dayton Airplane
Engine. Reliable Stores all reached
new peaks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
Soap HELPS in Spraying.

Effective for chewing insects is arse
nate of lead, used in either dry or liquid
form. Three teaspoons Of the powder
dissolved in one gallon Of water gives a
spray OF sufficient strength. Plants that
possess a glossy or waxy foliage are
benefited by the addition Of n ounce
OF soap to every gallon OF spray, says
Nature Magazine. This addition aids
in causing the liquid to adhere closely
70 the foliage. The same material may
also be used in dust form when COM
bined in the ratio Of one ounce OF
powdered arsenate of lead to four and
one-half ounces OF hydrated or air
s'aked lime and four OF super
fine sulphur. Thorough coating Of the
foliage is essential to secur satisfactory
results.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
REPORTED.

NEW YORK. August "a P,.-The
Lehigh Valley Railroad today reported
net income OF S1.9S7,72a for the quar-
ter ending June 80, compared with 81
350.975 for the corresponding quarter
Of last wear. For the first six months
the net earnings totaled $2,S63,557
against $l,507.1S for the first six
months of 1923.
The American Piano Co. ended the
second quarter with a loss of S42l 1888.
compared with net profits of $2s, 1867 In
the same period last year.
Net profits of $403, loo, 900. OIL 23.l
per cent on invested capital of 81 .743,-
SOC, 900, were shown In 1928 by the %
leading automobile manufacturers tex-
elusive Of the Ford Motor Co, which
does not make public its figures. it Is
stated in the annual earnings bulletin
~ the Standard Statistics Co. Of New
York.
The st. Louis-San Francisco Railroad
system reported TODAY that its net
operating income for July totaled ST.
S41 .664, as against 81 ,602 ,544 for July,
1923.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
ADVANCE IN STOCK
PRICES CONTINUES
Market Favorites Again Are
Pushed Up to High Levels.
Trading Brisk.
BY STANLEY W.. PRENOSIL,
Associated Press Financial Editor.


NEW YORK. August 24.-The bull
movement in leading issues went for
ward under full speed on the stock
market today. tearing through the wave
Of week End profit taking and sending
some three dozen issues to new high
territory. In the last half hour realiz-
ing came into the market in Suftlcient
volume to turn the market irregular,
but losses we're moderate, and most Of
the high flyers of the session closed
near their best levels Of the day.
Active Session.
Trading was active for a Saturday
session, approximately 2,100,0 900 shares
changing hands. There was nothing in
the week end news to alter the gen.
orally satisfactory market conditions.
Trade and business reviews continued
optimistic. Forecasts Of higher call
money rates as the month end APP
proaches failed to shake confidence, for
traders are no longer concerned over
high carrying charges as long as stocks
display continued strength.
AS yesterday, bullish operations CEN
tered in the communications, steel n
chemical shares. There was some shift
ing of ground. however, as some OF the
recent favorites showed signs of firing.
In the communications group Radio
dllo OoN AN NAAA
lower. but American Telephone was
brought forward as a leader and sent
I'D more than 5 points to a record level
at 300. 1t closed near h top. United
States Steel was under sporadic pres
sure and closed IL points lower. but
Republic was sent up more than 3
points to a new peak and several other
independents we're in urgent demand.
Coppers in Favor.
Heavy buying came into the coppers
In the last hour. based on rumors OF
an increase in red metal prices. Amer
lean Smelling and Anaconda were bid
up 3 points or more.
Allied Chemical sold up 10 points
and closed up 7. Republic Steel mounted
ala points and closed up ia. Inter-
national Telephone spurted SIS and
closed up 52s. Western Union mounted
61a and closed up 5. American Tele-
phone mounted 5i2 points n closed up
AZ and United States Industrial Alcohol
sold up 81 and closed up s.
Strong spots in the late trading we're
Inland Steel. which mounted more than
8 points to a new top, and Underwood
Elliott. which recorded a like gain.
Peoples Gas tumbled 1919 points. but
later reduced it's loss to 4. Columbian
Carbon, after an early burst Of strength,
closed OF about 2 points. Westlng-
house was under pressure for a time.
but closed off only a point. Some of
the rails encountered rather heavy SELL
ing. Pere Marquette losing 6 points and
Chesapeake &c Ohio and New York Gen.
trail about 8.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25

and is stressing this feature In all the
new seasonal offerings.
They are devoting whole departments
to feather weight luggage for airplane
transport. These pieces are equally
applicable to automobile travel, for they
can be lifted In and out Of cars with
the utmost ease. The various pieces
may all have the outward appearance
Of suit cases, but within they sre &C.
signed in most instances to AL spe-
cial needs. They become shoe trunks.
bottle cases, toilet article repositories
and beverage cases. as well as recepti-
cles for the male and female Wardrobe.
Some Of the sets comprise i've sepa-
rate pieces. Such o set will hold q
complete wardrobe for . month n
travellers declare 1t b Of tremendous
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
COTTON PRICES GAIN.
Market Rallies in Late Dealing.
Following Weather Report.

NEW ORLEANS. August "a tP,.-A
ateady opening met week end realizing
in the cotton market today. and under
pressure of the offerings active posi-
tons sold of to levels IL TO 10 points
under the opening highs and 8 to 10
points below Yesterdays close. Some
selling on hopes Of relief in the drought
section of Texas aided the decline. In
final trading the market was supported
by a forecast for fair weather in the
belt over the week end. Prices rallied
moderately and tine market closed
steady at a net advance of ) to 8 points.
Futures closed steady. 3 to 10 points
higher. october, ~18.48a18.51; Deem
Der, 1~8.78a1S.84; January, 10 .90a1S.92;
March. 19.03al9.10: May. ~19.20a19.23.
Spot, quiet: middling, 1870.
Cotton range:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
CONVERTIBLE BONDS
CONTINUE IN FAVOR
international Telephone 4 1.2s
Soar to Record Figure at
Short Session.
By the Associated Press.

~ 1h'
NEW YORK. August 24.-Interna-
tional Telephone convertible AIS today
scared to record heights IN the listed
bond market. carrying practically the
entire speculative list upward. The in
vestment sections were practically te-
nored in the two-hour trading period.
The advance OF International Tele-
phone convertibles followed the rise OF
the stock to a new high price. The
bonds touched 2l3 on an advance of II
points and retained all but q couple OF
points OF their gain at the close. Amer
lean Telephone convertible 4l2s dupli-
Gated the performance OF their stock,
selling 1T q new high above 2l9 on an
advances of more than 3 points.
Atchison convertible 4izs. Seaboard
adjustment IS and adjustment SIS GER
tiicates were strong. Commercial In
vestment Trust 5las were firm in the
face Of selling on the good news
American International SIS lost q
traction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
WEEKLY CLEARINGs.

NEW YORK. August "a (P.-The
weekly statement of tn. New York
Clearing House shows:
Total surplus and undivided profits,
81 .l0T ,l9l 900, unchanged.
Total net demand deposits (average),
sol ,469, 900, decrease.
Time deposits tavcrsge), $l2 ,143 900,
increase.
Clearing, week ending today, So
PIP, 277,435.
Cle1r ngs. week ending August II.
So, Alb, 6l9, 623.
Clearings, this day, 81, 365. 400, s51.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25

value, especially in European travel,
where anything outside hand luggage
must be seen to by the owner in per-
son and represents minutes or hours OF
delay on each separate trip.
One of the latest things is the NINA
ture wardrobe trunk of cowhide which
matches the hand luggage. This can
in event of necessity be transported by
hand and can, easily be handled with
out a wheeled conveyor by any porter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
DRY GOODS.

New York, August "a R).-Raw cot
ton goods market. closed the week Arm,
With only a light Saturday gray goods
demand after a fairly active week.
Sales OF gray goods In a number Of
quarters W re estimated at q better
total than in several weeks. Burlapa
were quiet with a minimum buying
interest. Voc goods markets we're
quiet. Spot 7 silks here and in
Japan were qua. and firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
WHEAT UNSETTLED.
Market Closes Lower After Favor
able Weather Reports.

CHICAGO, August "a R).-DeSpite a
brisk rally at one time, wheat prices
today lurched heavily downgrade, dur
ing the late dealings in particular. A
depressing circumstance wa an APP
parent complete stoppase of export de-
mand for wheat from North America,
whereas slashing down Of ocean freight
charges on Southern Hemisphere wheat
destined for Europe tended to give an
advantage to competition from below
the Equator. Meanwhile, favorable
weather for the harvest of Canadian
and domestic Spring wheat prevailed,
and the movement Of Spring wheat was
increasing.
Wheat closed unsettled IA to 2 cents
4 bushel lower than yesterdays finish.
Corn closed "a to "a cents up, oats
Is to Il cents off and provisions I'M
changed to II cents down.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
AIR TRAVEL CHANGES
STYLES IN BAGGAGE
Special Dispatch to The Star,

Special Dispatch to The Star.
NEW YORK, August 24.-Airplanes
and automobiles have had q remarkable
effect on the. luggage of American
travellers. Where once this baggage re-
ouired the services Of a truck or NOV
ing van to get it from terminal to
home or home to terminal, 1t now can
be transported in large part by Eand
or on the commercial taxi This re-
suit has come about through he d.
vision Of luggage into more and lighter
pieces. The leather trade has been
among the frst to see the trend toWaf9
liShtness and easily handled baggaSe
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
Will Reduce Stock.

NEW YORK, August "a (P.-The
Moon Motor Co. has informed the New
York Stock Exchange that 1t proposes
to reduce its authorized common stock
to 400, 600 no par shares from 500, 900
and to exchange four shares of its
present outstanding stock for one share
Of the new stock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
100 Per Cent Stock Dividend.

NEW YORK. August "a LP).-Di-
rectors of the Mohawk Investment Cor
poration propose to declare a 100 per
cent stock dividend. Notices to stock
holders that a special meeting will be
held September 10, to vote on the plan,
were mailed today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
Electrical Industry,

NEW YORK. August - Py.-SmalI
orders are developing a volume Of busi-
ness in the electrical Industry to more
than compensate for fewer heavy COM
mitments. and gross sales are holding
at a good level for this season of the
year. Electrical World reports.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
Named Board Chairman.

NEW YORK. August "a Rl.-Amos
L. Beatty has been elected chairman Of
the board Of the Transcontinental Oil
Co. Of Tulsa. Okla. succeeding Claudius
H. Huston. who. in addition to resign
ing the Craftsmanship. also resigned as
a director of the company.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
Record Price for Seat.

CHICAGO, August "a F9.-A seat on
the Chicago Stock Exchange wal sold
for $4,000 today. making . weeks
increase Of $751; o In the price Of q
membership.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25

The French are building a new rail-
Rray across the Sahara, which Will prob
ably be run through Q steel tuDe IN
order t. save the rails rom nelng on
stav''~ blocked by desert sands.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
Cement Price Reduced.

NEW YORK. August "a (PJ-The
price Of cement in Chicago has been
reduced 20 cents a barrel, to SIPS, TO
dealers, I. o. b.. cars, Chics go.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25

The bright. colorful vases Of the
Khang-shi or Chien-lung periods of
China were known to the chinese as
the "ive-color vases"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
UTILITIES

In these spectacular
market performers The
Wall Street Journal has
covered every develop
ment far in advance of
the m~ajormoves. Earn
ings forecasts, merger
possibilities, trend of
production are contin-
uallv presented. Twice
a week an entire page is
devoted to discussions
of interesting utility
situations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-25
INVESTMENT
TRUSTS

The Wall Street Journ-
al follows daily every
development in this i'm
portant new phase of
finance. 1t devotes a
page of exclusively
gathered information
weekly to these COM
panies. It's Investment
Trust news is invalu-
able to holders and to
prospective owners
of these securities.
The Washington times., 1929-07-06
Sandlot Baseball
Games Listed
Tomorrow

National Circles vs.. LeOnardtOwh'
Leonardtown. Md.
Silver spring Giants VS.. Kennedy A.
G.. SILVER sprinE: 3 !. o'el9sk; TiTy,n,. white
Sox, Baiieys Cross Roads. ,
Jefferson District Firemen W. BoH-
ing Field. Virginia Highiands. ; o.slock.
paTR GRsrssGiis asoueis-hesder. Ss SeS O'clock.
Chevy Chase Grays VS.. LanhaN.
Larharn. Ma, o'clock.
Avalon Midgets W. shabby A. e.
Bond Bread Aii-stars vs.. eialesville.
Mount Rainier vs. Lem Owens Pros.
Mount Rainier. O'clock.
w.alther Midgets vs.. Alexandra
A. B. 4 ". Busmen vs.. TakOma
Tigers, Arlington, Va. . O'Clock.
samosets We. Lionels. Friendship Field
Miller Aztscs vs.. Auths. No Monu-
Capitol A. c. vs.. Trsmonts No. >
Dixie Pig 4. c vs.. st. Joaeph's.
National Press Cards vs.. Brentwood
browns Corner va Edmonds Art
StcRe Co. College Park. Md.
An games start at o'clock.
Kaufman's vs. Hartfords. No. .. )
TTysM. Aces w. Miller Furniture
"
Montrose VI. Roamers, West Ellipse.
o'clock.
Bostonians vs.. Brookland Boys Club.
Murphy-Ames W, o'Briens. No. I. II
o'clock.
LanEleys VI. Mardfeldtu, No. 4. i
ceFinthians va. vio's sport shop. No.
y co6bs Va POtomacs No. ). l
caihouns vs. Lionels West Biiipse. /
o'clock.
waicott vs.. Eight and Forty. Plaza.
IL o'clock.
Deiano VS.. Lincoln. West Elllpss. IL
o'clock.
Eight and Forty vs. George Washing
ton. Plaza, ] o'clock.
Victory vs.. spengIer. Plaza, 3 o'clock.
KenilWorths w. Meridians. No. .. II
o'clock.
coriRtAians w IroquIG Ne, is 4
n'ci~~e
The Washington times., 1929-07-06
DOUBLES BEGIN
TOMORROW

Players in the District Of coluna.
bia tennis tourney face heavy
Sabbath schedule, for officials plan
to conduct the first and second
rounds Of doubles play, devoting the
courts to doubles play alone. Rain
slowed up the singles schedule yes
terday, but today every effort IL be-
ing made to bring the schedule up
to the mark.
In the singles not a single seeded
player has yet bumped into Joe
Upset, despite the fact that Joe
often makes himself known even a.
early az the first or second round.
In fact, not one Of the seeded stars
has even been remotely observed in
the presence Of Joe, so convincingly
has each gone about the business
at hand, that of winning his way
onward.
Major Robert G. Van FIiet.
the defending champ, is facing
his first test today in the third
round when he crosses racquets
with Larry Phillips, former G..
W.. star. The odds favor the
major, but Larry should give
him . most interesting match
Of it.
Dooley Mitchell has his game GO
Ing great guns right now. and has
advanced to the fourth round with
out the loss Of set. His third
round victim yesterday was Ensign
James. Of the Navy I.eech Cup
team, who was defeated, 6--1, So.
The summaries:
RESULTS
Second Round
James Farrin defeated Harrison hath
away, 6--1, 6-3.
Bob Newby defeated Du Bose. 80.
Major Van vIist defeated Frank
Taylor, ga. 60.
Ensign Howard defeated Fred Doyle,
Major Hin. defeated Barney" welsh,
Mortimer Rathgeber defeated John
comdr. Fenton defeated Ensign Me-
James Mccue defeated Gilbert Hunt,
Major PaschaI was leading Tinsiey
Garnett, 80. in first set (rainl.
OlLuon look IlFBt set rom
Bob Burwell (rain).
Frank Parsons defeated Richard Willis.
2-6, 6-3, 60.
John Helms defeated Alan NJ stauh-
ley. e-3, 6--1.
Larry Phillips defeated John y. sim
mons, 81, 60.
Lieut.. S. K Robinson defestea Allan
e. Peck. SO, 60.
Third Round
Dooley Mitchell defeated Ensign James,
TODAY's PAIRINGs
Second Round
osclock-Garnett vs. PasehaI: Simon
vs.. BurWell.
o'clock-Hoffman W. Ladd: Kur-
land VS.. STAN: Edge vs. CaIlan; King
VS.. Del Rosario: Benton W. Helskell: :
Jacobs Va Dean.
Third Round
. o'clock-FinIsy W.. Helms; Shore
vs.. Fenton; Rutiey vs. McCue; Van
Vliet vs. Phillips: Robinson vs., SeidelI;
Considins w. Rathgeber,
{ o'clock-Mangan Va. winner Of Hoff-
man-Ladd: Charest vs. winner Of Simon
Burwell: Farrin ". winner Of Gar
nett-Paschal; winner of Kurland-Stam
vs.. winner of Edge-Callan; Newly We.
winner of KinE-Del Rosario; Howard
vs.. winner of Benton-Heiskeli: Hill We.
winner Of Jacobs-Dean.
The Washington times., 1929-07-06
Cannon Sisters
To Give Exhibition

The Misses Lillian and Loretto
Cannon, star Baltimore swimmers
are scheduled to give an exhibition
in the Chevy Chase Lake pool to-
morrow afternoon at 5 o'clock.
Loretto trained with Gertrude Ederle
for the English Channel swim when
the latter leaped into the limeiight
by negotiating the perilous journey.
Miss Cannon made the start with
Gertrude but, Of course. did not
complete the trip.
Miss Loretto Cannon was South
Atlantic high board and low board
diving champion for seven years
and will give many OF her best
dives tomorrow. The sisters also
win show various styles Of swim
ming. There is no admission charge
to the exhibition and the public Is
invited.
The Washington times., 1929-07-06
Gabby Hartnett Able
To Return to I,ineun

BOSTON. Mass, July 6.-Gabby
Hartnett, one Of the best catchers
in baseball, is ready for play &c.
cording to Joe Mccarthy, manager
of the Chicago Cubs, who arrived
here this morning from Buffalo,
where he spent Friday with his
family.
Hartnett has been unable to play
all year owning to an ailing shoul-
der. The Cubs open series with
the Braves here today.
The Washington times., 1929-07-06
OLDEST MANAGER

Harry w. Watrous, one of the
managing owners OF the Metropoli-
tans, who won the American Asso-
citation championship in 1884, but
were beaten by the Providence Ma
tional League club in the first world
series. Is probably the oldest ex-
manager Of q championship big
league club now living. He Is 71