davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-05
REDISCOUNTS DROP
At RICHMOND BANK
Volume Declines More Than
100000 From January
IS to February IS. .

RICHMOND, Va, March 5.--A de-
cline of 1881 900 was shown in the
volume of rediscountS for member
banks held by the Federal Reserve
Bank of Richmond on February Is,
1929, when $36,999O 900 was held from
the amount of $40,530 900 held on jan
uary 49, 1929, it is stated in the month
ly review of the bank just issued.
A decrease of $6,857 900 in the open
market paper in the ban-'S portfolio
between the same dates, weG1 the de-
crease in rediscountS. caused N earn
ing assets to decrease from 500 1893 900
to $55.51O 900, decline of $10,388, 600,
the review continued. Following
seasonal trend, the circulation of Fed
eral Reserve notes declined from $780,
80l 900 at the middle of January to
6,704 900. on February IS. but the
outstanding circulation remains higher
than in recent years at this season.
Member bank reserve deposits dropped
from 500 ,294, 900 to $68 ,082 900 between
January Is and February Is, a daily
fiuctuation only, said the review. The
several changes in the items mentioned.
it was said, with others of less impor-
lance, raised the cash reserves of the
Federal Reserve Bank of Richmond
from $86934 900 at the middle of jan
uary to 500, 264 900 on February Is. and
also raised the ratio of cash reserves
to note and deposit liabilities combined
from $3.50 per cent to 1888 per cent
between the same dates.
On February Is. 1923, rediscountS for
member banks held by the Richmond
Reserve Bank totaled $25.319O0O, but
on February IS. this year, rediscounts
totaled 36,999 900. Total earning as
sets of the Federal Reserve Bank of
Richmond did not increase in propor
ton to red1ScountS during the year. the
banks holdings Of bankers acceptances
bought from member banks and in the
open market have been reduced bv an
proXlmately the amount of the increase
In redlscounts. Total earning assets
rose from S55,112,00O on February Is
last year to $55,5l0000 on February IS
this year.
The circulation of Federal Reserve
notes at the middle of February. 1929
totaled $66,176000, but on February
10, 1929, notes totaling SIG, 7O4 900 were
Ill actual circulation. Member banks
reserve deposits decreased during the
year, due to lower deposits in menoheT
oankS, the reserve declining from s72
S23'OO0 on February IS, 1923. to $68-
o0Z 0O0 on February IS, 1929 THE
Total cash reserves of the Federal Re-
serve Bank of Richmond rose from,
Ssz, 100 ON February IS. this year,
and the ratio of cash reserves to note
and deposit liabilities combined rose
from o4.96 per cent to 66.63 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-05
CONVERTIBLE BOND
ISSUES SHOW GAIN
IndustriaIs Continue Heavy
With Price Changes in
Narrow Limits.
BY CHARLES r. SPEARE.

! Special Dispatch to The Star.
NEW YORK, March 5.-There was
| practically no change in the situation
affecting the investment market today.
Trading in listed issues was the smallest
so far and price movements continued
uninteresting
Small offerings in some cases caused
quite sharp reactions This was espe-
cially true in one or two of the high
grade first mortgage rails.
Moving ahead with its stock, Ana
conda convertible Is spurted on the re-
port of a recapitalization plan, similar
to that announced by the United States
Steel Corporation for the retirement of
its funded debt. The program calls for
an offering of Anaconda stock and it is
possible that part of the debt reduc-
ton will be financed out of cash on
hand.
Interest in United States Government
obligations was at standstill, with only
the fourth 4l4s appearing in the early
trading at practically unchanged prices.
Foreign government bonds were a trifle
steadier. but failed to hold early mod
crate gains.
The feature in the railroad group
was decline of point in Southern
Railway Is on light selling. Missouri
racine As, CnlcagO Great western As,
Northern Pacific Is and the Frisco prior
lien IS "A" were also heavier in tone
AtchiSon AIS were actively bought and
there was also good demand for AL
leghany Corporation obligations.
IndustrialS continued heavy, with spe-
cial weakness in International Cement
SIS and further decline in some of the
other convertibles. International Tele-
phone 4ll2s were supplied after frac-
tional opening rise.
Mexican government obligations
which broke badly Monday on the revo-
lutionary news, continued weak, al
though selling was less active.
Among the public utilities Phila-
delphia Co. IS were up half point and
the American Telephone issues held
steady on the proposed increase in
stock capital to pay for further ex-
pansion.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-05
BUSINESS Confident
IN HOOVER REGIME
Financial Leaders See Continuation
of Prosperity-Tariff
Changes Due.
BY J. c. ROYLE.

Business donned its 1ongtailed coat
and silk hat for Herbert HooVer'S IN
auguration without a shiver over the
pospects or even the weather.
Representatives of the key indus
tries are unWorried about the outlook
They look for no startling or radical
change from the Coolidge admlnlstra-
ton and the wheels Of industry did not
slow even for the ceremonies which IN
Quoted the tllirty-first President OF the
United States.
The anxiety. if there should be any
is due to come when the extra session
of Congress is called to order. This
session will be called to afford relief
to the farmers and aid American indus
tries through tariff revision. But wide
difference of opinion exists as to what
will prove helpful and what will prove
harmful in each of these directions.
The farmers undoubtedly expect
something radical to be done for them.
The induStrialiStS want to see the
farmers prosper, but not at the cost OF
check to other lines of endeavor.
AS to the tariff schedules, the hear
ings by the House ways and means
committee. which will draft new tariff
bill, indicate that practically every pro-
posal for change in duties has its OPP
ponentS as we'll as its adherents. 1t is
evident that many lines of industry
hope for radical revision of duties up
ward. Those who buy products from
abroad. or home products whose price
is affected by foreign competition, view
with alarm" such a program. However,
the tariff bill will not be ready before
April 20.
In the meantime conditions are such
that no president could ask for a much
better start to his administration from
a business viewpoint. The buying power
of the country never was higher. There
is some Unemployment. as there al
ways is, with former President Coolidge
now the most eminent of the "Wilfully
unemployed" but the Spring outdoor
programs are absorbing the jobless rap
idly in both the cities and the rural dis
trlcts. The stretches of bad road on the
highway of business are few and far
between. Coal, paper, oil, sugar and
shipping are the soft and treacherous
spots. Even these are firming up under
the sun of general demand.
The steel industry seldom has run at
such high pace as it is now. The
automobile producers are establishing
new records. There is every reason to
believe car output and sales will exceed
those for the first half of 1928 by 80
per cent. The automobile accessory
firms are straining every effort to keep
pace with demands from the auto fac
tories, Profits seem likely to be at least
10 per cent heavier for the first quarter
than for the corresponding period of
1928.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-05
BOND ISSUE AWARDED.

BALTIMORE. March 5 Especially -
An issue of $4,000 Pocomoke CITY
tMaryland) per cent bonds has been
awarded John P. Baer & Co, local in
vestment bankers. who submitted the
highest bid. The securities are due
Serially 1000 each year from 1888 on.
proceeds will be used for extension of
water and sewerage facilities
The next Maryland securities scheo,,-
ed for sale are the 100000 Baltimore
County 4 per cent bonds, to be offered
to the highest bidder on March Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-05
SILVER QUOTATIONS.

NEW YORK, March (P).-Bar sill
yer. 56H. Mexican dollars, 4215.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-05
BUILDING CONTRACTS.

NEW YORK, March Lp).-An in
crease of, 81 per cent in contracts
awarded in the week ended March /
on new building and engineering work
in the 81 States east of the Rocky
Mountains over the previous week is
reported by F. w. Dodge Corporation.
The total was $114.236, TOO, bringing the
new construction started since January
/. to $785, 534, 300 The daily average
now is $1,000, 300, compared with
$685. 300 in the first two months of
1928.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-05
PARIS BOURsE PRICES

PARIS, March (Pl.-Prices i'm
proved on the Bourse today. Three per
cent rentes. 20 francs 40 centimes: S
per cent loans, 81 francs 40 confines:
exchange on London, 124 francs 24I,
centimes: The dollar was quoted at rs
francs 6034 centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-05
FOREIGN EXCHANGE.
Quotations furnished by w. B. Hibbs & Coy
Nominal gold Selling checks
Washington Stock Exchange
SALES.

SALES.
Washington Gas 6S. "A''-$200 at T03.
washington Gas IS "B"-S1 900 at
1854.
Washington Rwy. & Elec. 4s-$1 900 at
882., $4,000 at 1924, $4,000 at 1884
$4,000 at 1884.
PovJmac Electric 51a % pfd.-5 at 1884,
Washington Rwy. g. Elec. pfd.-lo at
98ss.
Riggs National Bank at ST..
Second National Bank-10 at 256.
Union Trust Cos at ISL.
Bank of Bethesda at 82ia.
Ter. Ref. & Whrs. Corp.-l0 at 54H 4,
10 at 54ss.
AFTER CALL.
Washington Rwy. & Elec. pfd.-1o at
$3.50. aga ~
Capital Traction $500 at 101.
Capital Traction, Colo at los, 10 at
104a4, 10 at 104a.
New Britain herald., 1929-03-14
Amount of Preparation
 Informally Discussed

Paris March l4 P1-W hile sub committees ot the committee of oX- perts or repalations continued today to work out details of the projectt international separations bank the thorny subject Of amount and dura ton Of reparation payments entered more and more into discussion.
 The discussion was informal and discreet and the lines it took were not known. l. was said however that Dr. HjaInar Schacht. president Of the Reichsbauk. brought with him from Berlin the views Of his govern ment as 10 how far concessions might be made in the interests Of final settlement.
 Tn this connection the Petit Parisen said today it undrrsta 5ds that the Reich government asked Dr. Schacht 10 do the best he could at Paris. II adds that there is n'- tie likelihood Of break in the con- ference and says that the GorA rrs in the end probably will accept, after stubborn resistance. vhateN CT figures the American delcg cgation nI9 y advise
New Britain herald., 1929-03-14
Women Mill Strikers
 Ready for Long Fight

Eliza bethton. Tenn. March II QP)-RefusaI Of women strikers, who rioted at the American Glantz- stof Corp. plant, 10 break their strike and return 10 work was met today with a declaration from the company that it would refuse 10 rec ognize the Nomcn's union.
 Dr. Arthur MothHurf president Of the Rayon company, who was struck in the head by a stone thrown by one Of the women, made the an nouncement which seemed to indi- cate a strike Of long duration.
 Several hundred women workers stormed the plant yesterday de manding shorter hours and more pay.
 The Glantzstoff corporation manu- factures both Rayon silk and Bem- berg yarns. and employees upwards of 4,50O workers in its two plants here.
 4 banIage co' cred inc scalp wound on the doctors head when hc issued his statement which said i'll part:
 We have no faith in. and expect no good from. an organization which has initiated it's activities with riot. disorder and considerable prop ' y damage
New Britain herald., 1929-03-14

superior court room, after having few minutes with his wife and daughter. Leonard and other friends. He was scathinsly rebuked by Judge Isaac Wolfe. who declared his action ia iibeling Chief Hart and his wife and daughter was repre- hensible and inexcusable."
 Attorney Casa,e interrupted Judge Wolfe once during the pronounce ment of the sentence, to assure the court that Gardiner felt that the course he had taken was the right one. and Judge Wolfe replied that he had no doubt as 10 that, and the fact that Gardiner seemed 10 be different from other persons in that respect moved him 10 make the sentence six months in jail rather than year with q $500 fine. Ic Attorney Casale. Judge Wolfe said he had permitted him to introduce collateral issues during the trial and had given him wide iecWay. par ticular rly as regards the lottery ticket sales, but Gardiner stood be fore the court with absolutely nc excuse or defense for his action.
 Called Gardiner Malicious
 Judge Wolfe remarked that il some places there are men known a- citizen fiN-its' their pleasure be- ing to keep tabs on public officials al all times. but Gardiner was moi even in that cla ss Citizen fiN-its, according To Judge Wolt". hdV" h"| known 10 function for the good oi the community. but Gardiner waS malicious in his actions and could not have been acting in the best interests of the community. as L. claimed when he committed the libel.
 As was the case after tho decision in. .his favor in the civil action few weeks ago, Chief Hart yesterday and today was rounily congratulated ol the Nindication that has come tt him.
New Britain herald., 1929-03-14
B|G INCOME TAX REVENUE FORECAST
Federal Treasury Will Close Fiscal Year Without Deficit

Washington. March fl tCPl - Revenues from income tax returns due March l5 are tar exceeding eH- pectations. and the treasury will un- doubtedly clcs. the fiscal year "lth- out a deficit Seer. tary of Treasury Mellon announced today.
 Returns to March 1S were s45.- poo. .ooo more than estimated. ln- dicating the treasury will have a small surplus at least. Mellon said.
 Income tax returns for March, 1928, were about 597."o6.0o0 and if is expected the rt'' turns this 1nonf h will exceed that. Mellon said the supreme court ruling which orders the government 10 pay s4o, ,n"o 10 railway mail carriers will not come out of this years account.
 He indicated the returns for the fiscal year would exceed tho s2.ll',- ONn. n0N collected from income tax returns in 1928.
New Britain herald., 1929-03-14
MORE TROOPS AT MEXICAN BORDER
Conditions Opposite Naco lndi-
 cate Early Battle There

Washington. March II lP'-An- can troops has reported for duty on the Mexican border to reinforce those sent two days ago 10 Naco, Arizona. 10 protect that town and the water supply of the city of Bis bee.
 Major General William Lassiter, commander Of the Sth corps area at San Antonio, reported 10 the war department today that Col. Douglas McCaskey, commander at Fort Huachuca, Arizona. had ordered out the second squadron Of the Tenth cavalry and small detachment ot infantry. all under command Of Ma ior Charles E. Hazcltine of the Tenth cavalry.
 Conditions across th" border from Naco. according to latest reports indicated the possibility Of battle between Mexican federal and rebel troops al that place.
 X total of 800 American cavalry ! lIltIl qua lN' III biIll ti v iioN N''l' ccntratcd at the border point. Americans Are safe Safety of Americans in various sections Of Mexico. and restoration of telephone. telegraph and raj communication in disturbed areas were reported today by American of fcials in Mexico.
 .Amba ssador Morrow said trl". phone communication between Mex leo City and Saltillo is now open am the consul at Eagle Pass rcport", that railway passenger and frclgh tra fife was restored from that place 10 Monterey. The consul at Browns file also reported that t"l"Graphi' and rail communication had bVCl opened to Monterey.
 Ther. was no inJury 10 AmcriCal fife or property in SaItl|o. ttl' American consul th"r" r"porto' after the evacuation of that city b. the rebels
New Britain herald., 1929-03-14
TEN PERSONS PERISH
 IN SOUTHERN CYCLONE
Continued from First ragc)

James w Sanders, night police chief.
 The tNister. emerging without warning from calm night. whipped through the village at 5" a. n., and leNelled houses and stores. II then sneryed south of six miles and wrecked five farm houses.
 Two families were Virtually ann!- Inflated by the storm which cut tele- phone lines into the community and delayed reports Of the damage until today.
 A baby girl member ot the Tiln m Garrett family pas found 30" yarfs from her demolished home, only slightly bruised. All the victims Wrre trapped in their homes.
 D. (. Garrett. nephew Of tfc d"p- uty sheriff who was killed, sal con- fusion in Six Mile immediately after the tornado was such that hours elapsed before bodies Of the dead were recovered.
 Timbers from several dcmollsAi houses were hurled hundreds of yards. The community church and the school house were damaged. Oc- cupants Of one demolished farm house escaped injury entirely.
New Britain herald., 1929-03-14
4 HEALTHY COMPLEXION

Get at the source Of your troubles. You need never again be as} anled or your complexion. Enjoy the beautiy. buoyancy and ambition of youth-by keeping your system free from the poisons caused by clogged bowels, and keeping your liver toned up to concert pitch.
 Cleanse your whole ssotcm Nlth D-. Edwards Olive Tablets, the sur- cessrui substitute for calomel. Neither sickness nor pain. nor after effects. They act easily and without your knowing t.
 Dr. Edwards Olive Tablets, q combination of vegetable ingredients mixed with olive oi protect you against bad taste, pimply face. lis'- lessness, constipation and stomach troubles. Take nightly. Known by their olive color. Prescribed to mon and women for % years. 15c, BOG and soc. All Druggists.
New Britain herald., 1929-03-14
LONDON HAS WORST
 FIRE IN 20 YEARS
20 Miles Of Hose Laid to Combat
 Blazing Factories

London. March II R-scattered flames and smoulderins embers re mained at daylight today of fire which. for heat and light and space. covered vas the largest London has seen in 70 years.
 The fire broke out in a factory district on the south bank of the Thames shortly after midnight this morning and spread quickly to ncighboring factories.
 Paper. paint and varnish af- fordcd considcra bie readily coui- bustiblc material which ignited cas- fly and caused great alarm in tn" noighboriug sections. Police super
 viscd evacuation of homes their ac- ,mbers Efficient work of fremcn,
 however. Kept 1he flames from spreading 10 residential sections.
 Most of London was lit up by tn" blaze and thousands crowded 10 nearby streets to watch the display. Police had to block streets with cars and wagons to keep spectators from coming loo near. The air was filled with flying fragments, which
 fell missing from time o time in the river. The roar Of the flames and the crash of falling roofs and walls made an accompanying din.
 Hundreds of tiremcn laid % miles of hose to fight the blaze, but in some places the wind drove it into
 their faces so that there was not hing
 to do but lA it burn.
 ! No estimate of damage was possl-
 blc carly today.
New Britain herald., 1929-03-14
H. J. Foster Will Retire
 From Common Council

Councilman Hollis J. Foster of the fourth ward who for the past three months has been 8 member of the city's governing body, said today ne will not go before the voters of his ward for reelection next month. He entered the council 10 fill the va cancy caused by the death of AL bert x. Anderson. The retiring off cial said he is not interested in con- tinulng service i'll the council at this time.
New Britain herald., 1929-03-14
Herald Classified Headings
Announcements

l-BuEIAL LOTS. MOVEMENTS 2-DEATH NOTICES 5-FLORlSTS
 4-FJ NERAL DIRECTORS 5-LOST AND FOUND S-PEESoNALS
 7-STOEE ANNOuN NCEMENTs
 Auio,,h,ti.e s-AUTO AND TRICK AGENCIES 9-AUTns AND TRUCKS FOR SALE lo-AuToMoBILEs FOR EXCHANGE 1l-AUTO PARTS AND ACCESSORIES le-AuTOMOBILES WANTED lS-AuTOS-TAXl SERVICE l4-GARAGES TO LET l5-MOTORCNCLES AND BICYCLES ls-MoTpRCYrLES BICYCLES WANrE, l7-sEENlcE sTATIoNs-REPAIRl
 Business Service lS-RAEHEHS. HAlRD'S. MAsSEusE la-BuILDING AND CONTRACT go-Ru SlNESS SERVICE RENDERED 9l-DENTlSTS e2-DItESSMAkING & MILLINERY oG-pA ENG X CLEANING; @4-lhSURANCE-A MINDS .5--IAWlERS-P PATIENT ATTORNEY $ g5-MoNiAG, STORING & CHATTING "7-PAlNrINt. PAPER HANGiNG 2s-rluMBlNG. HEAT'G. METAL WuEn EXPRESSING AND TAILORING So-PEl \ I, JtBfS U, Sl A1lttN Elt1 Sl -PEoFEsSlpNAL SERVICES 22-EEPAIKING %oA-PIAND TUNING g&-WANTED TO RENDER SERVICES
 Educational G4-CoEEEsPONuENC COURSES G5 G5-pANCING TEACHERS S6-INSTEUMEN MENTAI. AND VOCAL. 37-LOCAi & PRIVATE INSTRUCTORS 3S--N ANTE INSTRUCTORS
 Employment 40-llGI.P- AGENTS WANTED 4l-litLP- WANTED ig-llELP-W WOMEN WANTED 4G-1ELP-MEN oE WOMEN 4a-SlTl ATIpNS' WANTEB- MEN RESERVATIONS WANTED-MOMEN Financial is-BusINESS oprOI;TU NiTIEs 4z-INvEsTMENTs STOCKS. BONDS { 4S-MoNEY LOANED l t4>B-MpRTGA;Es ! i9-WANTElI--YO BORROW
 Live Stock 50-C.ArTLE AND LIVE STOCK i 5l-DCGs, CATS, PETS i j2-EGGS. POULTRY SUPPLIES ! 53-HoRSES, VEHICLES 1 5i--W WANTED LIVE STOCK
 Merchandise | 55-AET1CLES FOR SALE | 55B FOR THE NACATIONlS1 5t-BllLDlNG MATERIALS 51-BuslNESS & OFFICE EQUIP. ! 5s-FARM AND DAIRY PRODUCTS 59-FEED AND FUEL sO-- FERTILIZERS SEEDS. PLANTS 6l-FOOTWEAR AND CLOTHING sg-GOOn THINGS TO EAT ! 6G-HOUSEHOLD ARTICLES f4-MACliINERY ELEC. & FOOLS '5-MERCHANpIsE AT THE STORES ! 6G-MuSlCAl. INSTRUMENTS ] GGB-RAJIO
 6--wATcHEs. DIAMONDS. JEWELEA 6s-WANTED. ARTICLES TO BUY
 Real Estate for Rent fa-APAETMENTS & TREATMENTS 70-Bl SlNESS Pl.A, IS FOR REM | 7l-DESK ROOM AND OFFICES 7G-FAI;MS FOR RENT 1 ,S-IIou SES FOR EL+T 7i-Sl-BURBAN FOR RENT -5-VACATION PLACES FOR RENT 1 WAGEHOuSE SEs X STORAGE i,-WANTED TO RENT
 Real Estate for Sale REAGENTS REAL ESTATE 79--AICTlOSEERS
 So-BI.pG. X BUSINESS PROPERTY sl-BullDlNG LOTS FOR SALE A2-FARMS FOR SALE s3-HoU SES FOR SALE a-Sl MMLR PLACES FOR SALE s5- SI Ikl'RHAN FOR SALE SG-REAf. ESTATE FOR EXCHANGE thi-REAL ESTATE WANTED J;pou-. Board and Hotels sS-NDTLIS
 Sg-EpOMS FOR RENT 9o-EroMa ANt R'AItn qI-EooMS FOR llnt -SEkELI'ING g2- MERE TO DINE aS- WANTED BOARD OR ROOM
New Britain herald., 1929-03-14
lilltilN'
 Grabcck Deeply Involved

Officer Grabeck was implicated by Gardiner much more deeply than was Sergeant Stadlcr, the testimony with relation 10 him being that he named Chief Hart and other mem bers or tho department as being m league 70 protect bootleggers. and that Officer James Sullivan was the collector Of the protection money The officer also told Gardiner. ac- cordins to the latter, that Chief Hart changed his beat because he re- ported q place on l-asalle street for alleged violation Of the liquor law. Officer Grabeck denied Gardiner 6 testimony. but admitted that he was with Gardiner one night on Dwight street. He could not recall the con- yersation he had al that time, but said Gardiner tried to talk to hlIn as he was walking to the signal box 10 put in his duty call.
 Ira Leonard was called to the wit ness stand and rcfuted Officer Gra- beck's statement that he did not know Leonard prior 10 meeting hin! in the county building a few weeks ago during the trial Of the S25."0o islander and libel action Of Chief Hart against Gardiner and PaJeW- ski. According to Leonard, he kne" Grabeck for number Of years and was present during more than one meeting between Gardiner and the
New Britain herald., 1929-03-14
Gardiner Taken tO Jail
Special Notice

How would you like 70 como to the S'. Patrck's eve dance and meet the old crowd again. Your oppor- tunity will come Saturday night, March 1s. when Rev. William A.. Harty branch. \. o. H.. will sponsr q minstrel show and dance al the Tabs hall on Main street. Ther" will he old fashioned and modern dances. Admission will be 5u cents and tick cts may be purchased al the door, adYt.