davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23

NEW YORK, January % Especially -
New York bank clearings, 81 100000.
000 New York bank balances, $l34,OOO,
600; New York Federal Reserve credit
balances, $125 600, 600.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23
BOND PRICES REACH
NEW HIGH MARKS
Easier Money Rates Have
Further Effect on Trad
ing Activity.
BY CHARLES F. SPEARE.

Special Dispatch to The Star.
NEW YORK, January 23.-New high
prices for the year were reached today
in number Of speculative bond issues.
Their activity relieved the monotony of
the market for high-grade issues, which
has become extremely dull since the
reinvestment demand during the first
two weeks Of January was satisfied.
This latter situation does not appear
to be relieved by the present easier
rates for money, although dealers are
beginning to scan the market for bar
gains now that outside rates on call
have dropped to as low as per cent.
The general absorption by the public
in stock speculation continues to be the
greatest handicap to the market for
bonds.
Among the issues reaching the highest
of the year were International Tele-
phone Alps, which crossed lis early in
the day. There was large turnover
in them. Anaconda Copper convertible
rs went back during the morning to
about yesterdays high prices of Anglo
Chilean rs were we'll taken around par
The demand for Public Service of New
Jersey 4l2s eased off a little following
the 10-point rise in them yesterday.
Other members of this group were dull
and heavy.
Steady accumulation of the Iowa
Central and Minneapolis & St. Louis
bonds is said to be for the account of
bankers identified with the reorganiza-
ton who regard these issues as too low
in comparison with other railroad Sc
curities. The bonds of both roads were
considerably higher today. The new
Az per cent issues of the Wabash.
Rock Island, Frisco and New Haven
have all been heavy recently. Utilities
Power and Light 51as have taken
prominent position in the market after
being bid up several points. 1t is re-
ported that they may be called.
Among foreign bonds. conspicuous
strength was again shown in the Ar
gentine IS. French municipals and rails.
Japanese governments and public utili-
ties, Bolivian rs, German public utilities
and in the Italian convertibles. City of
Budapest IS were off about point, APP
proXimating their low price.
Today's new issues of securities
amounted to nearly s164, 100000. of
which about 70 per cent was represent
cd in the stock of new investment
trust and the remainder in public
utility and municipal bonds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23
new ISSUES HEADED
BY COMMON STOCKS
Figures Show They Lead in
Financing Plans of United
States Corporations.

Special Dispatch to The Star.
NEW YORK. January 23-When one
refers to the New York Stock Exchange
and says that the market is going up
or going down, obviously what that OBJ
server means is that certain stocks are
going up or going down. For today
there are lit different stock issues
listed on the market, aggregating 49,
301 SIT shares.
The total market value of these shares
on January /, was SCI, 472 100000 This
is an average of 5000 for every one
of these shares. OF course, some are
higher priced and some are lower, but
this is the average.
Now how much money is borrowed in
New York on this security? On Janu-
airy /, there was $6,439. 740,5 Sill, or an
increase of little over 5000, 900 dur
ing December.
So according to the official records
of the New York Stock Exchange, 1.-THE
ratio of exchange members borrowing
to listed share values decreased from
9.66 per cent on December / to 9.54
per cent on January l."
The grand total of securities-that
is bonds, notes. preferred stocks and
common stocks-issued in the United
States for 1923, is stated by the COM
merclal ana flnanclal chronicle to be
1892. 736.770, a slight increase over
the preceding year.
OF this unthinkably large amount,
$1,877 ,421,537 was for the refunding
portion and 8,050,315, 233 was for strict
ly new capital.
How was this dividend? Long term
bonds we're $3,168, 900 900, decrease of
81, 800 100000 under 1927, while short
term issues totaled only 1854 1853, 600,
a decrease of about $40,000,000 under
1927.
But looking at the preferred stock
record, we find that there was issued
1888, 466.362 in 1928, an increase of
nearly Sl35,000,000 over 1927, while the
common stock issue f1oated jumped to
S2.048, 1929 for 1923 as against $685.
474,649, in the preceding year.
These figures show one thing very
plainly-that common stocks have been
in unusually heavy demand. followed
closely by preferred stocks, while bonds
and short term obligations have had to
play second fiddle in the orchestra bust
ness.
Copyright, 1929. by North American News
paper Aliance)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23
RATE FEATURES
PRESENT MARKET SITUATION
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 23.-Bankers
are not so much interested in the fact
that call money is again around the
6 per cent figure. with the supply of
funds liberal, as in the tenacity with
which time money rates hold up at
734 per cent, the highest figure for
this season, and in the growing spread
between the rate on acceptances and
the Federal Reserve rate of rediscount.
The latter situation is perplexing and
unusual Normally the rediscount rate
rules half per cent above the quota
ton for acceptances. Since Friday the
rate on the latter has been advanced
quarter per cent for 30-day bills and
is now nearly at parity with the bank
rate. However, for the longer periods,
running from so days to 6 months,
acceptance rates are quoted from a
parity with the Federal Reserve rate
to "a above it. This is a condition
that may shortly compel the Federal
Reserve to change its rediScount policy
and restore the old banking tradition of
maintaining the rediscount rate we'll
above that for paper In the open
market.
It is just year ago that the Chi
cago Reserve Bank raised its redis-
count rate from 3l2 to 4 per cent, to
be followed within few weeks by the
other II banks in the Federal Reserve
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23

system. This gives occasion for the
rumorS that again Chicago will take
the lead and raise its rate from the
present figure of per cent to sig
per cent. One of the problems in this
much discussed readiustment is that of
the four interior Federal Reserve banks
that are still holding their rate at Az
per cent. as against per cent in the
other eight districts of the country.
The policy of the Federal Reserve
may be to some extent determined by
this weeks figures of borrowings by
member banks. Should these continue
to decline, even though brokers loans
expand there will be less occasion
for putting pressure on borrowers
through higher rediScount rates. An
other factor in the situation is the
prospect of a renewal of gold imports
from England. Today it was an
nounced that $2,50O,0OO gold had been
engaged for shipment from the English
market tomorrow. Reports from France
are to the effect that the Bank of
France has temporarily completed its
Withdrawals of gold from New York.
These influences would tend to partially
balance some of those that have been
operating to produce high time money
rates and the extraordinary conditions
that prevail In the market for bank
erS' acceptanceS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23
Washington Stock Exchange
SALES.

Chestnut Farms Dairy pfd.-5 at 1O9.
Wash. r. & E. pfd.-10 at 1924.
Riggs Natl Bank-10 at SOL.
Amer. Sec. &, TIL at ATS
Col. Sand & Gravel pfd.-10 at "a, 10
at IS, at 9512. 10 at 9512. at 9512
10 at 96, 10 at 81, 10 at 81, 10 at 98la,
at 9812.
Natl NJ g. Inv. pfd.-540 at 55s.
AFTER CALL.
Col Sand & Gravel pfd.-10 at 9SI2.
Wash. Gas IS B.-$200 at los.
Wash. Gas IS A-$1O0 at 1903, 5000 at
1924.
Wash. Gas Ito at 100, 20 at 100.
Mcrch. Tfr. g. Stge. pfd.-11 at 109.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23
NOTICE
TO HOLDERS OF WARDMAN pARK

TO HOLDERS OF WARDsIAN PARK
HOTEL. INC, FIRST MORTGAGE
$40 SINKING FUND G o L ID
BONDS DUE FEBRUARY I, 1871.
The Wardman Park Hotel. Inc. in
accordance with Section of Article
of its Mortgage to the Pennsylvania
Company for assurances on Lives and
Granting Annuities dated February 1,
1926. hereby gives notice that it has
elected to redeem on February 1. 1929,
all of its outstanding First Mortgage
512co Bonds secured by said Mortgage
at los and accrued interest to the date
of redemption.
Said bonds will be redeemed at the
Office of the Pennsylvania Company for
assurances on Lives and Granting An
nuities, Trustee, at the redemption
price, upon surrender of said bonds for
payment on or after February 1, 1929.
after which date all interest on said
bonds will cease to accrue.
THE PENNSYLVANIA COMPANY
FOR ASSURANCES ON LIVES AND
GRANTING ANNUITIES,
C. S. w. PACKARD, President.
18th g. Chestnut SITS. Phila.. Pa.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23
EXTENSION OF MARYLAND
ELECTRIC LINES PLANNED

Special Dispatch to The Star.
BALTIMORE, January 23.-Author-
ity to extend electric transmission lines
to Chesapeake Beach and neighboring
developments has been requested of the
Public Service Commission by the Con-
solidated Gas & Electric Co. of Balti-
more.
According to the application, there
are 1880 residences in the Bay Crest,
Tyree, North Beach and Chesapeake
Beach sections which are at present
without electric service The proposed
extension will serve these communities,
the application said.
The new extension will tie in with
the proposed transmission lines of the
Annapolis e. Chesapeake Bay Power
Co., which will terminate at Friendship,
Anne Arundel County.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23
ANNUAL REPORT

OF THE
CONTINENTAL TRUST COMPANY
or the District of Columbia, TO the Comp
troIer Of the Currency. as required by Sec
ton Is. Act of Congress- approved october J.
1890, for the year ended.
Capital stock authorized. .....s 81, 900. 900 90
Capital stock actually paid in. !. 1000, 600 90
Gross earnings for wear ended. 12,9g8.38
Total expenses for year ended l6s,560.47
Total amount of debts tDE, - ,o ~
'AA0 WADE H. COOPER. President.
Wade Fl. Cooper, Leon 8. oppenheimer
Norman Fischer, Chas A. Goldsmith.
Charles w. Warden. James L. Karrck,
Nathan p. Scott 2nd. Frank 7. Hines.
We. WAbE H. COOPER. president; N; !;
FISCHER, CHARLES W. WARDEN. NATHAN
B. SCOTT 2nd. DAVID A. BAER, directors
or trustees of the Continental Trust co. 90
hereby solemply swear that the above state
ment is true TO the best OF our Kno"ieose
'"N ''''''' WADE H. COOPER.
President.
NJ. j. ,wINFREE.
Secretary.
NORMAN FISCHER.
CHARLES w. WARDEN.
NATHAN B. SCOTT And
DAVID A. BAER,
CHAS A. GOLDSMITH,
JAMES L. KARRICk,
Directors.
District Of Columbia. S.: .,.
Sworn to and subscribed before me TINS
us sse az Oh 'Sh0S' GERTRUDE ELLIS.
>'" Notary Public.
Total number Of directors or trustees of
this company, II.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23
Copper Price Advanced.

NEW YORK, January % LP).-The
price of copper has been advanced "a
of cent to II cents a pound, delivered
in the domestic market and to TIA
cents elf. Hamburg, Havre and Lon
don. Foreign sales in good volume were
reported at the new level.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-23
Bituminous Coal Production.

NEW YORK, january % o.
Bituminous coal production In the
United States In the week ended Janu-
airy 10 totaled 1l,780,000 tons, against
ll.763. 900 tons the previous week and
9.854.000 tons the week ended Janu-
airy S, the National Coal Association
rAy-sstS .ssk ~ 10 4 ~.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-15
STIMSON CONSIDERS
COAST OPIUM CASE
Question Of Prosecution Of Chinese
Turns From San Francisco
to Capital.
BY the Associated Press.

By the Associated Press.
The question Of whether Wing Kao.
former Chinese vice consul at San
Francisco, his wife and Suen Foo,
chancellor Of the consulate, would be
tried in China or in the United States
for opium smuggling apparently had
shifted today from San Francisco to
Washington.
Despite the fact the trio has been ar
rested upon advices Of Washington Of
ficials to the San Francisco officials
that their connection with the consulate
does not preclude prosecutions, 1t was
disclosed today that the American
Government has not reached decision
on the request Of Chinese Minister WI
that the trio be turned over to his
government for prosecution.
Secretary Stinson said today a full
announcement would be made on the
entire matter as soon as a decision Is
reached. He added that the question of
deportation does not figure In the case.
Unofficial circles interpreted this TO
mean that the return Of the trio to
China would be dependent upon their
voluntarily waving the right to remain
in the United states which Is held by
foreigners who come into the country
under official papers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-15
ROADS IN D. c. PARKS
WILL BE IMPROVED
Construction of Another Link in
Rock Creek. Potomac Parkway
&. Is Started.

! Several road projects in the city.
parks are now going forward. Frank T
Gartside, chief Of the park division Of
the ONCE Of Public Buildings and Pub.
lie Parks, made known today. In point
ing out that construction Of another
link In the Rock Greek and Potomac
Parkway has begun, with the starting
Of work on the area between the Zoo
logical Park and Massachusetts, avenue
Nearly mile Of roadway will have to
be constructed and the ford at the Zoo
will have to be widened at q cost OF
about $4,000
Construction of this 1ow-level road
between the Geological Park and Mas
sachusetts avenue will include ex-
tension of water mains. drainage. grad
ing and planting adjacent to the road
way. as we'll as connecting roads, Mr.
Gartside said. The work is expected to
consume good part of this fiscal year.
AS another feature Of the road pro-
director of the once OF Public Build
iriss ana Public Parks. is calling for
bids for supplying $4,000 gallons OF
rapid-curing road oil. to be applied to
1 The bias viii be opened Friday. The
oil will be used in the surface treat
nerit for bitunifious roads In the parks,
about 10000 gallons Of the oil to be
used In the Rock Greek Park area, and
$4,000 gallons in the Potomac Park
section.
In addition to these activities, Mr..
Gartside is supervising the placing OF
calcium chloride on the cinder and
other dusty roads in the city's parks
to keep down the dust, particularly in
the vicinity Of the Lincoln Memorial
and near some of the temporary Gov
eminent structures.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-15
SOVIET AND CHINESE
FORCES REPORTED
MOVING TO BORDER
Continued From First page.)

press comment was not general.
Two or three editorials held both
China ana Russia blamewurthy for hav-
ing both apparently violated the rail-
way agreement. Possibility Of Japane
becoming involved in the quarrel was
regarded with missiving and the situa-
ton was admitted to be fun Of sinister
possibilities.
Military observers in Toxic are re-
ported In Reuters dispatches to be Of
the opinion that the dispute will be
settled without resorting to force OF
arms.
While Withholding official comment
on the situation, the military observers
express belief that the Russian ulti-
matum was intended to force China TO
negotiate, rather than to convey q
threat, especially as 1t Is felt Moscow
is keenly DESTROYS Of preserving peace
full relations with China.
The British governments only infor-
nation on the Soviet ultimatum to
China was what had been published In
Arthur Henderson told qusstioner to-
day in the House Of Commons.
Asked IL the government would APP
peal to Russia to lay the dispute before
the League of Nations. Mr.. Henderson
replied that he would consider that
when he got some official information.
Mr.. Henderson stated In the House
of Commons recently that in the opin-
ion of legal experts of the foreign Of
fee, diplomatic relations between RUS
sia and Great Britain had not been
broken when commercial relations were
severed after the raid on ARGOS House.
London headquarters OF the Russian
trade delegation. In 1927.
The foreign ONCE considered that 1t
was necessary only to provide for the
renewal Of diplomatic services. which
will be included In the negotiations
about to begin.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-15

Continued From First Page)
ex-officio as head Of the Agriculture
Department; James c. Stone Of Lexing-
ton, KY, vice chairman, representing
tobacco; Carl Williams of Oklahoma
City, cotton; C. B. Denman Of Farming
ton, Mo, live stock: Charles c. league
Of Los Angeles, fruit farming: William
F. Schilling of Northfield. Mimi. dairy
ing, and Charles S. Wilson Of Hall.
N. Y. who speaks for the miscellaneous
agricultural interests Of the northeast.
$1,50e,O0 Made Available.
OF the $500, O0O, 900 the board is au-
thorized to administer as 1t sees fit in
making low interest loans to cooperative
marketing agencies, $50, 00O, 900 has
been made available for immediate use,
together with 1,500, 900 for administra-
tive expenses. President Hoover has
promised that he will recommend
further Appropriations as need arises.
Considerable subsidiary organization
must be effected. The farm law con-
templates the creation of advisory cour-
ellis to assist the board in its work on
the problems Of each major agricultural
commodity, and the establishment Of
sterilization corporations through CO.
operative agencies.
For filling these posts President
Hoover is holding in reserve the long
list of names of these recommended for
appointment to the board itself, which
he avowedly considers the most impor-
tant governmental agency ever estab-
lished for the assistance of single
American industry.
Get Break" at Start.
Before the board closed its doors at
the Mayflower, Chairman Legge said
he expected the first day to be devoted
principally to routine and to getting
acquainted"
Secretary Hyde and Mr. Legge both
spoke enthusiastically of the upward
trend of wheat prices which reached
s1.31 bushel at Chicago today, an in
crease of 81 cents since the low point
few months ago.
I'VE have a break Of luck to start
with, anyway" said Mr.. Leegc. in COM
menting on this development. The
chairman would not outline any pro-
gram until after he had talked with
members of the board.
Secretary Hyde declared the rise in
wheat prices was attributable largely
to the psychological effects" of the
establishment and organization of the
Farm Board. He said the spread be-
tween the price of wheat at Liverpool
and in this country was only cents
now whereas the usual spread was
about IL cents.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-15
BARGE CAPSIZES,
DROWNING FOUR
Fright Of Vaoationists Cause of
Accident at Pequea, Pa,
Summer Resort.
BY the Associated Press.

BY the Associated Press.
LANCASTER, Pa, July 15.--Four
persons were drowned in the Susque-
hanna River at Pequea, Summer
resort near here, early yesterday. when
river barge carrying group Of vaca-
tionists capsized.
Summer residents. awakened by the
screams OF women and children In the
water, put out In boats and rescued Is
Of the 10 persons on board on the re-
turn trip from HOLLYWOOD. miles away
Those drowned were: Mrs. Irene
Vogt, Lancaster; Benjamin Ker. Lam
caster: Dwight Clark, Pequea; Edward
Sellers, pequea. pilot of the barge.
The barge was within IS yards Of its
dock when Tthe motor quit. "A brisk
Wind sent ne craft toward riidstreanf.
A wcoaff &reeFied ana there was q
rush for one side. In minute the
haf s1xned over IA the river.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-15


long list of witnesses remaining to Ne
heard this week Nearly % names were
still on the list Of those to be heard.
Goff Replies to Harrison.
The foreign protests against various
rate increases and the proposed 20 per
cent duty on boots and shoes-ngureo
In today's addition to the Republican
Democratic tariff controversy.
Replying to a statement by Senator
Harrison of Mississippi issued through
the Democratic national committee,
Senator Golf, Republican, West Vir-
kifia, said his fear that the numerous
protests disclosed likelihood Of "for-
elm retaliation and q riiinatiUn OF OUT
foreign trade IL without Justification"
Holding that President Hoover, while
Secretary of Commerce, had pushed
American sales In foreign countries
beyond all previous records" In the face
OF higher protective tariff rates and had
thus demonstrated that o tariff does
not ruin or even check our foreign
trade" the West Virginian declared:
IF this Is true, and 1t Is, then these
foreign protests Of producers ana man
ufacturers are entitled to little weight
In the minds of American business men.
either North, South. East or West.
The proposed boot and shoe duty
was described by the Democratic ma.
tional committee as "sifnGly subter-
fuee" for picking the fsSntrs' pocket
In q statement efibodying An attack
on the proposal by Representative
AfannflAfd THna0erak Texas. n - ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-15
COMMITTEE TO AID
TEXTILE WORKERS
National Organization Will Seek
Better Conditions for South
ern Mill Employees.
~ the Associated Press.

BY the Associated Press.
RYE, N. Y, July 15.-Formation OF
d national committee Of 1000 members
to seek better conditions for Southern
textile workers was decided upon yes
terdAy at a Conference arranged by the
United Textile workers of America.
Mrs. Daniel O'Day, associate chair
man of the State Democratic commit
tee, accepted the Craftsmanship Of a
body which will organize the commit
tee for American traditions In textiles.
Mrs. O'Day. at whose home the confer
enee was held. explained that the COM
mittee will aid the Efforts OF the Ameri-
can Federation Of Labor to organize the
workers in Southern textile mills.
Thomas r. Mchfahon, president OF
the United Textile Workers Of America,
and Edward McGrady, special leeislaa
tive representative OF the American
Federation OF Labor, described their ex-
periences il, Being ordered out Of South
err mil towns by local business men
during the recent labor Troubles.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-15
BAND CONCERTS.

BY the United States Army Band.
Curtis d. Away. captain, infantry,
commanding; William j. Stannard,
leader; Thomas F. Darcy, second leader,
at Twenty-sixth and Irving streets
northeast, at 1880 o'clock tonight.
March, General Lejeure," Branson
o p1s are; pa.cio: i,t. Ls Ts,
Called Love"
Selections from "Maryland". :. Romberg
Mystic dance, king OF the Deep"
Clarke
Suite, "a sevillan Festival. u. .Tavan
March, &C. M. T. c.. Frank
1.-THE Star spansled Banner"
BY the United States Marine Band,
TAYLOR Branson, leader: Arthur S.
Witcon1b, second leader, at Marine
Barracks at 8 o'clock tonight
March 'Laiglon" (The Eaglet) Austin
Overture, 1872. 49,. Tschaikowsky
tA) oavotte, "Mignon" 80. Thomas
ID 1ntermezzo, 'Naila". -. .Delibss
Sole for cornet, "Facilita". Hartmann
Musician Winfred Kemp.
Excerpts from "The Runaway Girl"
Caryll
Solo for Clarinet, "Concertina" .Wehor
Musician EI.il Rae.
Exotic dance, "Esotica" Nasc--iil
Suite from the ballet, 1.-THE Swan Lake"
TEchaik0wEky
(a) "valse."
lb) Dance of the Swans"
Co Hungarian Dance"
Marines hymn, THE Halls Of Monte
yuma
"The Star spangled Banner"
BY the United states Navy Band,
Charles Befter. leader; Charles Wise,
assistant leader, at the Capitol at 7:30
O'Clock tonight.
March. Hand in Hand. Won Blon
Overture, der Freischuts," Won Weber
Solo for cornet, willow Echoes" Simon
Musician Ralph Ostrom.
Suite, caucasian Sketches"
Ippolitoy-1vanov
(a) "In the Gorge"
tb) I'm the Village Street"
(c)" I'm the Mosque"
Cd) Procession of the Sirdar."
Humoresque, THE Wedding of Heinie
and Katrinka". .............. Afford
Excerpts from 1.-THE Desert Song"
Romberg
Folk songs Of "Russia."
Selected by Higgs
Soprano solo, "Aria From Traviata,"
Verdi
Lillian Fairchild Jesse.
Concert waltz, THE Postillion."
Fahrbach
Caprice, "Italien" Tschaikowsky
-. =