davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-24
NEW YORK COTTON.

NEW YORK, October "a [P).-The
cotton market opened steady at a de-
cline Of points to an advance Of
point, but soon worked higher on re-
ports of killing frost in West Texas and
relatively steady Liverpool cables. Many
selling orders were placed at the start,
both from the South and from COM
mission houses, but these were absorbed
by trade buying and covering and after
selling of at 1911 for December, the
price rallied to 1924 or IL points net
higher. December and later deliveries
ruled about 8 to IL points net higher
at the end Of the first half hour, while
october in which the interest has
evidently been much reduced sold UP
to 1920, or SO points net higher. Trad
ing in the current October contracts
ends at noon tomorrow.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-24
DECLINE IN CURB
PRICES CONTINUES
Market Drops Under New
DeIuge of Selling Orders.
Many Issues Hit.
BY JOHN A. CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, october 24.-Continuing
the swift decline that characterized the
closing hour of the previous session,
most curb prices moved sharply lower
today. Utilities again were hardest hit,
but virtually no section of the list was
spared in the general selling movement.
Cities Service common provided a
sensation at the opening. A block OF
10000 shades, opening at ssh or down
3A points, established record for
single transaction. Only last Monday
block of 10000 shares of Cities Ser
vice common, also representing hum
dreds of punched orders, hung up the
fourth highest mark. Previously 100,-
900 shares of Commonwealth &
Southern on two occasions and 100000
shares of General Baking held records
for single sales.
With the tape increasing its lag be-
hind floor transactions traders found
it impossible to follow market trends.
Electric Bond & Share, according to a
noon flash from the floor, was quoted
at 80 at the same time it was appearing
on the ticker at ITO. This spread was
not unusual Cities Service was ASA
bid on the floor at the time the tape was
quoting it at So.
Electric Bond & Share opened with
up u. It hit l07 shortly after the first
hour, but swung to 116, and at noon
was quoted on the floor at 90. Electric
Investors which is merging with Elec-
trio Bond & Share, opened down 3
points after the 18-point decline Of the
previous session, and was quoted at ITO
at noon, or of 10 points.
With the volume running at a record
rate, stocks were tossed into the mar
ket regardless of specific developments
or intrinsic value. Leading investment
issues were sacrificed with unseasoned
securities in an effort either to get out
of the market or protect accounts. Most
curb securities, unlike those over on the
big board, are not carried on margin,
but they were sold to protect exchange
stocks, margins on which have been
weakened by the drastic decline.
Investment trusts were hammered.
Most of the Goldman Sachs group hit
new lows for the year in the first hour.
This list included Goldman Sachs, down
more than 8 points in the first 2 hours,
Blue Ridge and Shenandoah.
Transamerica Corporation, one Of the
most widely held of investment COM
panies, opened with a block of $4,000
shares at 6212, of one-half. It rapidly
shot down to a new low as did Tricon-
tinental Corporation, Tricontinental AL
lied Lehman Corporation, Marine Md
land, Fourth National Investors Electric
Power Association and score of others.
Motors were smashed in the first half
hour. Ford Motor Limited and StutZ
dropped through previous low levels
Dayton Airplane g. Engine was the first
of the aviation list to nose-dive to new
minimum levels.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-24

groups, and then picking the "blue
chips" within the more prosperous
groups.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-24

chpS WlLknn the more prosperous
groups.
Increase in Earnings
The inference that this selective
movement has been going on Is Illus
trated by the so Industrial group stock
indexes compiled by the Standard Sta
tistics Co. About half of these groups
have this year moved down, the other
half have moved up.
Even more significant than the i'm
proved earnings Of selected stocks Is the
general'rate Of increase in total earnings
OF all corporations listed on the Stock
Exchange during 1929, including both
the prosperous and less prosperous
groups. If We take these total earnings,
distributed and undistributed, we find
that they have increased at a much
greater rate than the increase of stock
market prices as measured by my in
veStors' index.
August Of this year witnessed the
high mark of the stock market price
level, this being zoos as compared with
IT'S in August 1927-on the basis of
100 for 1926; that Is an increase of
70.5 per cent over the level of August
1927, and an increase Of SO per cent
over the 1929 period.
But at the very top OF the market in
August, 1929, common stocks were SELL
ing on the average for less than IA
times the earnings of the industrial
companies that issued them; that is,
less than IA times the dividends and
earnings retained for blowing back into
the business. The price-earnings ratio
stood at 1874 for August, 1929, as con-
traSted with 144 for August, 1928, In
the comparison of this record high
level Of stock prices to earnings.
Function Of Market.
This factor of total earnings is the
praisal OF the stock market of 1929.
were declining while stocks were as
cending to the high plateau Of this
year involved a misrepresentation as to
the function Of the stock market. That
function Is to reflect the discounted
value Of future increased business, as
clearly foreshadowed in the increasing
rate at which earnings are plowed
back into the industry.
Stocks can rise only because Of one
or more Of four causes. First, because
there Is the feeling that greater earn
tngS will accrue in the future than have
hitherto been expected. Second, be-
cause there is the feeling that future
earning will be more certain or will
have less risks than was formerly the
case. Third, because the basis" or
rate for discounting, expected earnings
may be lowered. Fourth, because earn
ings are "plowed back"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-24
Consolidated Gas & Electric.

BALTIMORE, October "a Especially.
Despite loss in revenue from steam
heating operations, the Consolidated Gas
Sc Electric Co. showed a gain of $780,
938 .88 in total net operating and nom
operatin revenue over last year for the
three months ending September 80, ac-
cording to a statement just issued.
The largest gain In gross operating
revenue was in the electric operations,
the figures being $4,369, 412.@1, against
1881 ,026.37 for 1928, an increase Of
$438, 1880.
and Septenlber in the steam cheating
operations appears in the report.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-24
NEW MARYLAND COMPANY
TO SUPERVISE TRUSTS
Special Dispatch to The Star.

Special Dispatch to The Star. rs
BALTIMORE, October 24.-The Sc
curity Management Co. pIaEs to con-
solidate the two trust funds which it.
superV1ses. A new company TO be or
to be known as the Broad Street IN
vesting Co., will be formed with a cap
ital stock of 100000 shares of COM
mon stock without par value.
It is proposed the liquidation value
Of the A and B certificates be consid-
cred as of October 5, 1929, as a basis
Of exchange. In the first fund class A
shares were $50 and class B shares
were $19.14 each. In the second fund
class A amounted to $500 and class
B $39.10 each.
The Broad Street Investing Co. Is
sponsored by New York interests. :
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-24
FOREIGN EXCHANGE.
by w. B. Hibbs g. Coz
Nominal gold Selling checks

Stockholders of the Cleveland Trust
Co., and the Pearl Street Savings &
Loan Co., Of Cleveland, have ratified
consolidation Of the two institutions.
which will become effective at the close
Of business October. 26.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02
THRONG is EXPECTED
AT AUTO SHOW TODAY
New Attendance Record Is Antici.
pated-Exhibition to Close
Doors Tonight.

Anticipating swelling throng of last
minute visitors to the automobile show,
which ends tonight at the Washington
Auditorium, officials of the Washington
Automotive Trade Association predicted
today that when the doors close to-
night the attendance will nave set q
new record. The exhibit will close at
1890 o'clock, and officers of the local
automobile body predict attendance for
the week will be well above 10000.
Although arrangements at the Audi
forum this year have been worked out
to eliminate congestion in the busy
hours of the evening, show officials hope
large number of the last-day visitors
will attend this afternoon. Attendance
IN the afternoon, they say, gives visi-
tors more time to study the cars, as the
throng is usually not so large as in the
evening.
A check made by the show committee
shows that there have been many repeat
visitors during the last two days. Hun
dredS Of persons who came to the show
early in the week have returned, they
say, to give the cars another inspection.
The show will wind up in the Gus
tomary blaze of light and blare of sound
characteristic of the end of all automo-
bile shows Of recent years. AS the hour
for closing approaches, horns will be
blown on cars which have stood silent
for week, headlights and spotlights
will flash and special music will be
played to mark the final chapter in
what is regarded as the most successful
show ever put on by the Washington
Automotive Trade Association.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02
ADMIT THEY CONCEALED
ASSETS IN BANKRUPTCY
A. E. Gibson and Wife Tell Court
They Failed to Surrender
Property.

Austin E. Gibson, formerly operating
plumbing business, and his wife, Ber-
nice A. Gibson, yesterday admitted be-
fore Chief Justice Mccoy that they are
guilty of violating the national bank
ruptcy law by concealing assets when
Gibson went into bankruptcy January s,
1927. The case was referred to Pro-
baton Officer Steele for Investigation.
Gibson and his wife, according to the
indictment. reported last December.
failed to turn over to Charles P. l..
Moran. trustee in bankruptcy, $l,825 in
money and equipment valued at $4,000,
which had belonged to the business.
Material, it was claimed. had been Sc
GREETED in number of garages leased by
the defendants. The indictment con-
tainS II counts,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02

ing across country on my own with the
Anauquas. My thought was to gam
the banks of the Kuluene and descend
it in some Indian canoe, join UP With
nv party, and then formulate further
plans, according to the data obtained
Dangerous to Open Boxes.
Our cargoes had suffered much on
the way down the Kuluseu. After so
many dimensions in the rapids the
contents of the boxes were damp and
needed complete overhauling. drying
and sorting. With such a crowd OF
Indians hanging about US 1t would De
impossible to open single one. soma
Of these tribes will murder man for
the expression on his face, let alone the
sight of such plumber as knives and
clothes.
To make a long story short. We re-
turned to the banks of the KuluSeu,
hurriedly crossed to the opposite side
in the one and only canoe available,
and before sending 1t back cleaned
camp and generally fortified ourselves
against invasion. One or two cases had
to be hurriedly opened and such artl-
cles extracted as we intended giving
Aloique and CabuZala for their services.
In addition I unpacked several dozen
knives for those who had presented Us
with farinha.
From the moment that our unwel-
come guests came we had not a mo-
ment's peace. Nor was there the least
chance of rearranging cargoes; our only
hope Of safety was to push OF down
river at daybreak.
Needed Movie Camera.
Even this was not as easy as Il
seemed. If was to make an overland
trek ! would be obliged to sort over
my personal belongings most carefully
so that should not be without certain
necessities and at the same time not
loaded down with superfluous baggage.
I needed my camera and the little
motion picture camera, also a small
assortment of presents to give to other
Indians we might meet on the way.
All Of this complicated procedure OF
sorting would have to be done without
any one looking on.
How was such thing possible?
The in1possibuity of the situation be-
came more apparent as the number Of
our brown visitors increased. Each
member Of my party was completely
surrounded by Indians eager to ex-
anime his possessions. All we could do
was to sit on our camp cots and keep
everything diScreetly out of sight.
In vain we tried to look pleasant
and be friendly, but each moment be-
came more problematical. We had given
out presents to those who had given
us farinha hoping they would go home.
But they refused to move. presumably
thinking that If they waited long
enough further offerings might be
| forthcoming.
In my hurry I had extricated from
the baggage some fourteen knives in
excess of those required to go around.
had hidden them with other things
under my blankets. But an inquisitive
Indian lifting up corner must have
guessed what the paper package cons
tanned. for he took up permanent
position few feet away. He was soon
joined by others who squatted on their
launches and settled down to keep
watch.
| Copyright, 1929. by the North American
Newspaper Alliance.)
In his next article Comdr. Dyott
! tells of setting out for Col. Fawcett's
l u
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02
Capt. Dunstan to Place Monument.

Capt. Edwin v. Dunstan, Quarter
master Corps, at Camp Devens, Mass,
has been ordered to Providence, r. T.,
to superintend the erection in that city
of monument to mark the landing of
Roger Williams at the site of that city,
and on completion Of that duty will
take station at the West Point Military
Academy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02

way OF making
Mellon take that
twenty-follr mil
lion for prohibi-
ton enforcement.
Be a good joke
on 'em if Mellon
used 1t trying to
enforce prohibi-
ton in one wing
of the Capitol.
I see some of
the Senators are
not for building
the cruisers till
W e g e t a W ar
booked. We will
have to figure out
some kind of a
g u a r a n tee to
those fellows that
we will scare 'em
up a war. The
Democrats are so
used to running
second in every
ave eafieHal xx,ifta
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02
LEADERS OF HOSTILE FACTIONS IN NICARAGUA
AT LUNCHEON WITH HOOVER ABOARD MARYLAND;
i WARSF1IPS PRICED SILVER SERVICE IS USED
Moncada, Diaz and Chamorro
Are Guests of U. S.
President-EIe
VESSEL GAYLY DECORATED
Unity of Latin America Is
Cited by Incoming Chief
Executive.

Note-Gredter light and clearer
perspective on Herbert Hoouer'S trip
to South America, in Which untold
diplomatic advantages ,Uere recorded
for the United States, are to be
gained from the interesting story
Written by Rer Collier, The Stars
DUN representative on the trip,
Which began January 20. The story,
NTH all its intimate details, tDiH
continue in The Star until completed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02

MARDI GRAS NEW ORLEANS,
February 7-12. Reduced fares via South
ern Railway. Tickets sold February to
IL inclusive. Route of Crescent Limited.
City Ticket ONCE, 1910 H st. NV,
Phones Main Observation-Disclosures,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02
SPECIAL NOTICES.

EFFECTIVE THIS DATE. / WILL NOT BE
{esponslnie for any debts other than those
a ms Mss. BY vs myself NJ K RASPBERRY,
FLOORS SCRAPED. CLEANED. FINISHED:
nand or machine work. r. e. NASH, FLOOR
SERVICE. Columbia 21l.
HENRY McFADDEN. iii 5th st. NV. q
BUILDING MATERIALS. bathtubs and brick
ings now at our yards! Good fioorins, iiSc
foot: sheathing and framing. &c; plenty 2xs,
ZxS, 2xio. sash DOORS windows complete:
other items: lowest pricesi Large selectionl
HESHTNGEg GO. 1921 ca. ave: nv.
HEeHINdEs CO. ss Tn and aaG ma. ave ne ns
ARE YoU MOVING ELsEWHERE9 OUR
frrs sst Of system win serve you better
pSpoNL ai kaRsf ssss sf Msn g. gao
AT A sPECIAL MEETING OF THE BOARD
psny Of and Co s1d
s snIs 2e aI 81, Gay Of Jan1ary 1929 to take
were unanimously adopted N -''Ou''o''
Whereas. it has pleased an all-wise Prov
loved and honored associate. John w. Draw
ner, VINO has been connected with our COM
had been faithful o sna Min
worker Tor the interest Of the company, be
Resolved: That in his death we lose firm
and loving friend and one to whose fidelity
and judgment we were devotedly attached;
Resolved: That We tender to his family
our sincere and heartfelt sympathy; and
Resolved: That the minutes be spread on
the records of the company, published in
the daily press and that the secretary trans
i my TO the family a copy Of these resolu;
regard.
WILLIAM NJ HOFFMAN,
ALBERT w HOWARD,
WILLARD T. DIXON,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02
DYOTT DESCRIBES
W|LES OF INDIANS
Presents Forced on Party
With Expectations of
Axes and Knives.

In the seventh instdllment of his
story of the search tor Col. FdDcett,
missing explorer, Contdr. Dyott tells
OF trouble NTH the Indians.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02
Will Rogers
Says:

NEW YORK CITY.-The drys
are still trying to figure out some
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02

jackets and Marines to the starboard
gangway and departed for shore.
The Maryland weighed anchor with
out delay and nosed southwark again
toward the final port Of call in Central
Observation-Disclosures, Costa Rica.
Copyright, 1929, by The Evening Starr
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02

I'm his next article Comdr. Dyott
tells of setting out for Col. Fawcett'S
last camp escorted only by the treach-
erous Anauqua chief.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02

thing that they are satisfied with
the second best Navy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02
Carlton Largest of Kind.

oAAsAUAA A<oA SSSS VA AAAAos
while there Is much to be said for
the statement that there is nothing
new in the world, there are yet many
things that are new in our country.
In the Netherlands, Belgium, France
and England the carlton has been in
existence for hundreds of years. 1t
goes back to the fourteenth century.
In the Netherlands, which supplied the
inspiration for this singing tower, a
community that does not have caril-
lon is not regarded as complete. While
in the United States we have always
been accustomed to the bells of the
churches, and later to their use in
transportation and industry, yet the
carlton has been very little appreciated.
Only a few have been built.
This singing tower only brings our
entire number up to 80. It will take
its place. therefore. of giving our peo-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-02


Represents Growing Unity.
Representing the political parties of
Nicaragua who have been lately in con-
f1ict this occasion becomes one of much
more than ordinary interest. It rep
resents the growing unity of the Nicara-
guam people. It represents the CONSOLE
dalton of the forces of domestic peace.
It demonstrates that the difficult ma
tional crisis into which my own coun-
try has been drawn has now reached
a basis of solution which merits the
deepest thankfulness of all our peoples
and for which I wish to congratulate
the leaders of the Nicaraguan Nation.
IT know 1t is the will of the American
people to cooperate in the upbuilding
of Nicaragua"
Turning to Gen. Moncada. Mr..
Hoover added:
IT hope you, Gen. Moncada, will re-
member this day as one of the great
days of your country's history"
There was an OutburSt Of applause,
but Mr.. Hoover signaled he was not
through. Reaching for a glass Of
sparkling Navy distilled water. he con-
tinued:
II wish to propose a toast to the
health of the President of Nicaragua
and to the prosperity of his country"
All arose, with glasses in hand, and
drank the toast.
Diaz Responds to Toast.
President Diaz responded with a
tribute to Mr.. Hoover as one who will
direct the future destinies of the most
powerful republic in the world" and
New Britain herald., 1929-01-09

Preadest Reoesvs2 aaDsA 4 A:<S
p. M, passing the incemiAg Cunard-
or which Aocked 1t sac p N, with
els passsnger2 about halt Tie nusa.
Der carried o. her Ant veyass thrse
weeks ago. The Caroaia started her
northward voyass 1t s:3s ,. m. vita
100 panengers.
The President Roosevelt In tha last
l. hours Of her run attained . s3eed
Of 20 knots which enabled hsr - Ut
record for the trip from New
York. Cuban government Officials
congratulated Captain Thseders Van
Beck on his remarkable voyage.
Both vessels on their trip to Ha-
vana ploughed through south-east
storm Of hurricane force Oh Cape
Hatteras On Sunday when the Pres-
dent Roosevelt passed the Caronia.
Describing the storm Captain Host
sack of the Carenia said: "A tor.
rental rain beat down upon ~ prac-
tically all day Sunday and with
heavy seas rolling and = wind which
at times reached velocity Of u
miles an hour we barely crept along
until We were through the storm
area"
New Britain herald., 1929-01-09

OV-W IA-OxO
5:oo-Time; market high spots
5:15-Children's poems; violinist:
children's songs
G:00-Vernon Riddles
6:30-Spanish lessons
7:30-Correct time: police alarms
7:35-WNYC Air College: college
Athletes" Professor Williams
7:55--Air College; citizenship"
Professor Guthrie
S:15--Louis Bartlett. contralto
S:30-Lewisohn Music Apprecia-
ton Course; the Euphonic
Trio
9:40--Police alarms. time, weather
57O-WMCA-536
5:00-Field and Stream
5:a0-Theater review; DR.. Holmes
t:15-Van Ess orchestra
S:15-WMCA concert ensemble
9:45-Time: Oswald Willard, talk
10:8O-Rainbow orchestra
OBSERVATION-DISCLOSURES club program
:so-News; McAlpineers dance or
~ chestra
1900 mid.-FrivolHy orchestra, en-
tertainment
63O-WEAF-4S4
5:00-The Gotham Trio
5:3o-Jolly Bill and Jane
5:55-Summary of programs
6:g0--Waldorf-A Astoria dinner 1nu-
sic
G:20-Fur Trappers
1:G0-Synagogue services
7:30-Concert
S:00-The Mediterraneans
a:00-Troubadours
9:30-Music hour
10:30-Phil Spitalny's music
New Britain herald., 1929-01-09
SHIPS SPEEDING
BACK TO new YORK
C,rona nd PllsAalt Roosevelt
Ait9 Tourist 1flde

Havana, Jan. , N-Weightns
anchor = few hours after their ar
rival from New York. the liners
President Roosevelt and Caronia to-
day were speeding for New York. on
the second lap Of their race to cap
ture the tourist trade.
The President Roosevelt vas IN
port only hours before starting
back. The Carenia, which required
six and Z half hours more than the
President Roosevelt to make the
voyage from New York, was under
way again three and one half hours
after her arrival.
Captain Hossack Of the Cpnard
Liner Caronia said he was not inter-
ested in the speed made by the ves-
sci, that he had a regular schedule
to maintain and had received no
orders to compete In race with
the President Roosevelt. On tie
other hand officials on the Ward
Line. to which the United States
Shipping Board assigned the Presi-
dent Roosevelt to meet competition
Of the Cunard Line. expressed plea
sure at the performance Of the
American vessel. They said her run
to Havana, assured that they could
keep their promise OF fast smiling
every Saturday from New York.
Both vessels are scheduled to dock
again the following day.
The American liner started from
New York on Saturday two hours
after the Caronia but arrived In Ha-
vana about four and half hours
ahead Of her. anchoring at 12:42 p.
m. She carried 201 passengers.
After unloading and reloading the
New Britain herald., 1929-01-09
BODY OF B. n. DUKE
STARTS FOR IAUSoLEUl
Tobacco King's Remains Go South
ward to Family Ptot IN
Durham, N. G.

New York. Jan. WeThs body
of Benjamin N. Duke, tobacco mag
nate who died yesterday, Will be
started south on q special train late
today for burial in the family mau-
soleum at Durham. N. G.
More than 100 persons. including
members Of the family. friends ana
business associates, will accompany
the body on a train Of TX Or seven
Pullman cars.
Mr.. Duke was the last surviving
member of the Duke family which
built up one Of the largest Ameri.
can fortunes OF the nineteerth cen
fury from q small tobacco factory