davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE. Nd, June 15.-Poul-
try, 1ive-Spring chickens. pound, 80
a45: Leghorns, 26a34; poor and thin,
25a2S: old hens, 32a33; Leghorns, 26
a30: old ROSTERS. 1Sa20: ducks, 20a25;
guinea fowls, each, 50a1.10; pigeons,
pair, ISAAC.
Eggs-Receipts, 9o4 cases; native and
nearby firsts, dozen, 30k.
Butter-Good to fancy creamery,
packed. so: rolls 31a32; process butter
40a41.
Produce Market.
Potatoes, white, 100 pounds, 10Oa
1.3s: new potatoes barrel, 1.75a3.75;
sweet potatoes, bushel, 1.50a2. rs; yams,
bushei, 1.76a7.O0; asparagus, dozen,
1.oOaS 90; heets. 100, 300a4.00; beans,
buslel. 1.S0a3.00; cabbage, hamper, 40a
so: carrots, 100, 3.00a4.0O; celery, crate,
1.50a4.0n; corn, bushel, 2.O0a2.25: GU
eumbers, bushel. 1.00a3.00: eggplants,
crate, 2.00a4.00; lettuce, bushel, 50a1 rs !;
lima beans, bushel, 3.50a4.50; onions.
crate, 1.75a2.16; peas, bushel, 50a1 so;
Spring onions, 100. LOCALS; radishes,
100, 1.S0a2.00: squash, hamper, i.26a1.50;
peppers, crate, 2.e0a4.00; spinach
bushel, 30a75: tomatoes, crate, 2.5Oa
400; apples, bushel 1.25a3.0O; black
berries, quart, Tails; cantaloupes, crate
1.50a4.75; cherries. pound, 6a1S: grape
fruit, box, 2.25a4.00: oranges, box, 2.0Oa
400; strawberries, quart, 6a121a; water
melons, 35a60.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15

share Of stock on margin while afaiiated
with his concern.
At IS Strandberg Is free to speculate
as daringly as he wishes. but he won't.
Rather he advises investors to place
their money in tested stocks. whose
price may vary yet will maintain steady
values year after year.
Strandbergs stock and bond business
has grown from q o1e-man venture to
q concern with branches In several
Southwestern cities. With his partner,
Milton J. McGreevy. Strandberg has
built up house with business frequent
ly of SIS, 000. 900 q day It handles from
$500 900 to 81 900 900 a day In Govern
ment securities alone.
For the thrills OF reading tape
messages Strandberg will substitute fish,
ing. rest and recreation. He viii invest
heavily in outdoor air In an attempt TO
rebuild his health.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
ACTION OF RAIL ISSUES
DiSAPPOlNTS TRADERS

~ the Associated Press
NEW YORK. June 15.-Thus far
Wall Street has been keenly disap-
pointed by the action of the railroad
shares since the handing down of the
O'Fallon decision a month or 30 ago
The conviction is growing that the
carrier stock cannot be much longer
neglected it being pointed out that
public utility stocks, which are looked
upon as subject to quite as much regu-
lation in the matter Of rates IS the
railroads. have been the strongest group
IN the speculative market. Inasmuch
as the railways do not have to fear
very greatly further efforts at recap
ture Of q part of their earnings. belief
Is that greater operating economies will
be effected, which should pave the way
for more liberal treatment Of stock
holders.
Many Of the better grade rails are
now covering present dividend require
n1ents by q margin which would readily
permit higher dividends and vet keep
them within the bounds Of conserva-
tism.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
CHANGE MAY COME
|. IN ANTITRUST LAW
Expanding Business and
Modern Trend to Mergers
Are Cited.
NJ JOHN r. SINCLAIR.

Special Dispatch to The Star.
NEW YORK. June 15.-Can those
striving to effect oil conservation for
, n1ulate q program without asking Con-
gress to repeal the Sherman antitrust
act?
This was the problem before the Con-
servation Conference at Colorado
Springs at which the Federal Oil Con-
servation Board was present, represent
ing the Government. Eleven important
oii-producing States were represented.
So were 80 of the big oil companies,
through the American Petroleum Instl-
tute Still, the solution of overprodlc
ton lies in a joint cooperative effort
of Just three states, Texas, Oklahoma
and California.
When ATTORNEY General Mitchell ruled
that there was no power In the present
laws Of the Nation to permit the oil
companies to agree among themselves
to hold down the 1929 oil production to
the 1928 level he brought forcibly to
the country's attention the question
whether or not present-6ay business
needs a modification OF the sherman
act
Interesting. More efficient engine de-
sign causes less gasoline to be used,
while modern refineries are turning 70
per cent of the crude oil into gasoline,
as against only 40 per cent five years
ago.
Think of an airplane with Diesel
motor flying from Detroit to New York
on 1885 worth of fuel oil.
There is no question that the con-
servation Of oil is tied up very closely
with the conservation of gas, now being
wasted in many 1ields in the West in
a scandalous way.
Conserve the gas and oil will take
care Of itself Is the growing sentiment.
Donald s. Richbere. Chicago LAWYER.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15

for whom the United States Senate
shattered q precedent by asking the
Supreme Court to hear him as friend
Of the court In the now famous Oral
Ion case, makes the statement, after
having read the decision Of the Su-
preme Court. that the most remark
able feature of the decision is the I'M
certainty in which it leaves the Law
concerning the valuation of public util-
titles, in spite of the tremendous effort
of all the participants to obtain .
clear statement OF just what the law Is. IS
II seems that the Supreme Court felt
there should be more emphasis in max
ing valuation of any railroad property
on reproductive value. or the present
construction" cost. But how much ?
This the SupreSe Court ignored. 1t
leaves the Interstate Commerce Com
mission in q ouandary. 1t is now at
tempting to work out a plan on which
1t may proceed with valuations.
But say 1t goes ahead, works out q
plan and again the Supreme Court Is
asked to rule on the plan adopted, based
on what the commission believes the
O'Fallon decision really means. what
happens then?
Today no one can tell whether the
final valuation set up. which the In
terstate Commerce Commission adopted
CNSe
again come before the United States
Supreme Court.
80 no one. can do more than guess
at what may follow" says Mr.. Rich
berg. THE law is that such weight
as may be just and right in each case
shall be given large number of vsri-
able. uncertain and inconsistent factors
which must be weighed according to
unknown ratios" But how?
The attorney. familiar with the case
from the beginning, issues this warning
Consolidation Of railroads into large
units OF still greater actual value
(which provided the basis for increased
rates.. should not be encouraged I'M
less accompanied by additional safe
guards of the public interest in rea-
sonable rates"
Copyright, 1929. by the North American
Newspaper Allianee.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
CURB SHARES FIRM
UNDER REALIZING
Market Absorbs Heavy Prof
it-Takinq in Impressive
Upward Movement.
BY HARRY Fl. BECKER.
i pisps Itch tn The star.

epec,sl Dispatch 10 The Star.
NEW YORK. June 15.-Absorbing
profit-taking in impressive fashion
utility stocks on the Curb Exchsn held
and N some cases bettered the record
levels reached in yesterdays hectic
demonstration.
With the natural Saturday disposition
to reduce commitments increased by the
extent Of the gains in some Of the
erStwhiie leaders some irregularity de-
veloped, but the turnover In one or two
issues continued extraordinary for a
Saturday.
Commonwealth A. Southern.
Following the unparalleled volume in
Commonwealth IL Southern in the pre-
ceding session, the stock opened I'M
changed on a block of 100000 shares
and held firm in lively dealings later
The exchange ruled that transactions
In both the when-is stock and war
rants must be settled June 20.
Among the stocks which displayed
extraordinary strength and touched new
peaks were Buffalo, Niagara and East
ern, Southeastern Power and Penn
Ohio Edison, The rise in these was
simply continuation OF the previous
demonstra tions.
On the OIneT mana. Mi0dIe west
Utilities reacted several points and
realizing retarded Consolidated Gas of
Baltimore. Northeastern Power. East
ern States Power b" and various
others. Mohawk and Hudson displayed
exceptional recuperative powers how
ever. mounting some points to within
striking distance of the former best
St. Regis Paper was less prominent
than heretofore, but held most of its
gain.
MisceIIa neOus Sections.
Movements in the general miscellane-
Gus sections were mixed. Montgomery
Ward rights to subscribe to additional
common were listed and sold initially at
1854 and then lost a point American
Cyanamid B" was active and higher
while Pennroad was traded in briskly
without much variation in price. Avia-
ton stocks while quiet showed moderate
f1rnlness.
Sentry Safety Control did better as
did Investment Trust issues and Mar
conf International Marine advanced to
the best price OF the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
WHEAT CLOSES HIGHER,

CHICAGO. June IS (Specian Trade
vas slow, but with an undercurrent of
firmness on the Chicago Board OF Trade
today. ModeTate-sized orders quickly
affected the trend Of prices. Wheat
closed ~ to "a higher. and for the week
Ia to ~ lower July, 1903 to 1919 !;
September, l.i2ls to "; December,
1.17h To n.
Corn closed q to | lower. and for
the week ia 10 - lower. July, alh
TO -: September, Ia December
s6A.
Oats had an irregular trend The
close was Il higher to "a lower and for
the week u To II lower. July, Ar
September. 43is December ASS to p
Provisions were weak with corn and
hogs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
CHANGE IN GOLD FLOW
is CAUSE OF COMMENT
b. the Associated Press

r. the Associated Press.
NEW YORK, June IS.--Aside from
pointing out that current high money
rates have not exerted any great re-
straint on business generally, though
admitting that the condition has in
huenced considerable slackening In con-
struction activity by unfavorably af-
fecting the bond market. the June bull
letin of the Federal Reserve Board
deals chiefly with the effect Of these
conditions on the trend of bank credits.
Those who are expecting a definite
change in the Reserve money policy,
however. were disposed to attach a
good deal Of significance to the change
In the gold movement and the strain
on foreign central banks to protect
their reserves. These conditions, II is
maintained. can only be mitigated by
easier credit conditions here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
RISE IN POWER STOCKS
is SURPRISE IN STREE
BY the Associated Press.

5y the Associated Press.
NEW YORK, June 1S.-The amazing
rise in power and light stocks, with
little beyond holding company forma-
lions and prospective mergers to explain
it. has apparently left the average mar
ket prognosticator more or less up in
the air. This is evident from the refer
ence to the group appearing in the mar
ket comment Of one of the larger OF
the Streets wire houses which read
az follows: "AS to the utilities, they
are all buting each other up so dill
gently that the final result remains
sort of power puzzle, with some light
on the side. but not enough to clearly
distinguish the eventual detectives. In
siders know, but the public must still
hazard a guess. Under the circtlrn-
stances, good profits should be secured
rather than scorned."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
CHICAGO DAIRY MARKET.

CHICAGO, June Is Gp).-Butter-
Unchanged; receipts. 20.113 tubs.
Eggs-Lower: 81 500 cases: extra firsts.
2sl2s30: firsts, 20: ordinary firsts. 27a
2s1a; storage packed firsts, 30l2;
storage packed extras. 81.
Poultry-Alive. weak. receipts, cars:
fowls. IS: Springs. 80; broilers. 34a35:
BOOSTERS, 20: turkeys. 22a30: ducks, TIA
20; Spring ducks. "a; geese Is; Spring
geese rs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
IMPORT TARIFF REDUCED.

SHANGHAI, June Is Up).-The min
lister of commerce Of the Marking Ma
tionalist government has allowed re-
duction in the import tariff on motor
trucks and GLASSES Of from 221a to 1912
per cent. Dealers consider the action
an important step in the direction of
tomobile market, In which trucks are A
most important factor
The action is considered also step
in the direction of preparing conditions
for foreign makers to erect assembly
plants in China. this development being
dependent upon low duty for unas-
senbled cars and parts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
Music Publisher Dies.

NEW YORK, June Is GAs).-Julius P
Whitmark, So, vice president of the
music publishing house of NJ. Whitrark
AZ Sons, died In hospital yesterday
after an Illness of week. Mr.. Whit
mark made his debut as the boy
bslladist" in 1855 with the Thatcher.
Primrose and West Ministries and from
that time until he left the stage In 1909
he waR noted a. q singer
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
" the Associated Press.

by bDF ASSUCItHEu FIEbh.
KANSAS CITY, June 15.-A broker
whose stock business made him a mil
lionaire is retiring without ever having
made q dollar on marginal investments
Pulsating stock tickers have been Alva
]. Strandberg's companions for nearly
30 years. In ~ years, since he quit a
lob at &l25 a month. he has become
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15
COTTON CLOSES LOWER.

NEW YORK, June IS (SpecisD -
Cotton prices declined today and ended
5 70 10 points lower than yesterday.
July liquidation increased. Spots were
reduced by point to 1880.
Cotton range.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15

more than a millionaire He is selling
his interest in his Kansas City firm for
$1100,000.
As parting thought. Strandberg an
nounced that "a brokerage business,
properly conducted is safer than bank
ing" That has been the motto of his
house All his partners and employees
always have pledged never tn buy one
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-07-29
PROFIT In TOMATOES

JACKSONVILLE, July 29.-(P)-
Texas tomatoes Bring wealth to a
restricted section Of less than half
a dozen counties. This years crop
brought nearly $500 900, with the
price almost doubled over that of
last year.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-07-29
Cucumbers Grown
Rv Power Plant

BERLIN, July 29.-PJ-Cucum-
bers as by-products of an electric
power plant are causing a sensa-
ton here. The municipal power
station of Klingberg, which supplies
a large part Of Greater Berlin's
electric current, has successfully
conducted an experiment in utiliz-
ing the waste steam generated in
the power plant by the turbine en-
gines and with it is heating Il Gu
cumber lighthouses.
The results have surpassed ex-
pectations. A yield of 100000 Gu
cumbers was gained from $500
plants at a time when vegetation
was still so far behind that all other
cucumbers consumed in Germany
had to be imported from warmer
climates. The home product COM
manded fully as good prices as the
foreign Importation.
Other cities are watching the ex-
pertinent with : interest, and it is
not unlikely that vegetable raising
hereafter will 60 hand in hand with
electric generating. The Klingen-
berg station already has gone in
for tomatoes, in addition to cucum-
bers.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-07-29

g~anization, and he has been in de-
mand as a speaker at farmers gath
erings.
But this time she will be in con-
troll, as Schilling intends to devote
all his energies to the farm stua-
ton.
William F. Schilling, Jr., 20, will
be his mothers chief aid. Then
there is Lewis, who attends ST.
Olaf college here, and Joel, in high
school, and three unmarried daugh-
tiers. Two daughters are married.
MY first duty is my home and
my place is right h. : at Spring
Brook farm" Mrs. I chilling said.
1.-THE boys are doing wonderfully
well, but they are not quite ready
to take over the complete manage
ment Of this half-sect!o-..
Eat the same time it will mean
a sacrifice for him and Lis family
for he will have to give his full time
to his duties N the farm board and
will less for his family and his p..-
vate farming interests.
But that seems to be the nature
of public service in w \ there is
an element Of d ~ to be performed.
Our family loves the farm. If MI.
Schillings service in Washington
means that he Il be able o make
a further contribution to the bet
torment of agricultural life j our
country, his yife and sons and
daughters are happy and proud hat
he is able TO give it."
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-07-29
new PIPELINE
in OPERATION
Shelly Extends Distribution
From Texas to Great
Lakes

CHICAGO, July 29.-P-Amer-
ica's 10000 miles Of underground
railroad an invisible network Of
cast iron oil and gas veins flowing
day and night will be increased by
a rev line from Texas to the Great
Lakes.
The Central States Natural Gas
company, a new organization spon-
sored jointly By the Texas, Phil
lips and Sicily oil companies and
the Columbia Carbon company, is
said in recent dispatches to have
started construction of a gas line
from the Panhandle field Of Texas
to Chicago.
An announcement by attorneys
for the company states that it has
acquired the natural gas rights and
a number of gas wells 0 10000
acres of land in the Texas Pan
handle.
Various cities in Illinois, Iowa,
Nebraska and neighboring states
are mentioned as possible points to
be served by the new line. The I'M
dertaking represents an important
step in the direction of conserving
some Of the natural gas that is
now allowed to drift into space.
Almost half the country's 10000
miles Of oil veins are truck lines
| and the remainder consists Of short
lines and feeders. These pipes, car
rying oil and gas from one part Of
the country to another, run just be-
low the surface of the ground for a
total distance that is one-third Of
the railroad mileage in the United
! States.
The system bears a striking re-
Semblance to a railroad network.
1t has trunk lines, terminals, Stor-
age yards, stations. switching sys-
TENS, telegraph and telephone lines
and dispatchers.
Engineers assigned the task of
surveying a route for the new line
across the Mississippi valley, will
| go about their work in much the
! same way as builders Of a railway
might seek an advantageous route.
A ditch is dug and the pipe buried,
usually about 18 inches below the
| surface.
Pumping stations are needed at
points 20 miles apart for ordinary
oil but can be placed considerably
farther apart for the transmission
of gas.
If all the oil transported in a year
through the pipe lines now in ex-
istence were put in railroad tank
cars it would form a train long
| enough to encircle the earth one
and one-third times.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-07-29
Lake Cities Get
Big Ore Imports

CLEVELAND, July 29.-(P-More
than 53,OOO,O 900 600 tons Of iron ore
flowed into ports Of the Great Lakes
for the blast furnaces of Pennsyl-
vania, Ohio, Indiana and Illinois
last year.
The annual report Of the Lake
Superior Iron Ore association shows
that the bulk Of the flow went into
nine inlets on Lake Erie, Cleve-
land receiving $4,000 tons, Con-
neaut, Ohio, 100000 and Ashta-
bula, Ohio, 6,400, 900. Lorain took
3.400,OO0 tons, Fairport, 1900, 900,
Toledo 100000 and Huron 1000, 900.
Buffalo's share was 100000 tons,
Fries 100000, and in Indiana South
Chicago was the largest importer,
with 7.C00. 900 and Detroit 1000, 900.
The Mesaba in Minnesota, largest
ore range. shipped 34,0O0,0O0.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-07-29
time SALE OF
PLANES SOUGHT
System Being Worked Out
To Take Care of Sur
plus Production

NEW YORK, July 29.-(P-The
problem of marketing the project
ed production of between 5000 and
10000 airplanes this year has
brought up the question of proper
financing of purchases which a COM
mittee Of the aeronautical cham
Der of commerce is seeking to solve.
The committee is drawing up uni
form time-payment legislation.
just as the automotive industry
found the time payment plan a
great Stimulant to sales, the air
plane industry hopes to provide a
sound means of financing for in
creasing sales on the deferred pay
ment basis. Several airplane COM
pan1es have been making sales on
the time plan, financing them in
various ways.
The action of the committee fol-
lows conferences in Washington
between representatives Of finance
companies and William P. Mac
Cracker, assistant secretary of
commerce for ae%ronauticS, regard
ing the new airplane licensing sys-
tenn soon to be put into effect by
the department.
Under the new licensing regula-
tions, finance companies would be
recorded as owners of planes bought
on the time-payment plan, but
would not be subject to any fines
imDOSed bV the denartment 0f
commerce for violations Of air traf-
flee rules.
A cooperative agreement is being
worked out with the department
whereby the government would no.
tify finance companies Of applicA-
tions for the relicensing of air
planes on which liens exist. Planes
must be re-licenseL when they are
sold by owners. This would en-
able finance companies to ground"
planes through possession for VIC
lation Of contract.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-07-29
BOARD OPENS
STUDY TODAY
Farm Group Is Attending
American Institute Of
Cooperation
BY FRANK l.. WELLER
ASSOCIATED Press Farm Editor

BATON ROUGE, La, july 20
Extraordinarily the federal
board is to go to school. For 10
days it will attend general sessions
and sectional conferences of the
American Institution Of Coopera-
ton at its annual meeting, open
ing today.
The ultimate aim Of Il farm
relief act is to rehabilitate Ameri-
can agriculture through the COOP
erative movement. Every angle of
agricultural cooperation will be
studied at the meeting. BY attend
ing the institute the farm board Is
taking advantage Of its first op-
portunity to study the cooperative
movement at close range as a unit.
G. G. league o. Santa Paula, Cal,
president Of the California Fruit
Growers eX 'ange and the Cali
fornia Walnut Growers association,
has withdrawn his paper on gov
eminent clearing houses since ap-
pointment to the farm board. The
subject, however, will be discussed.
The farm relief provides that CO.
operatives and independent COM
mission men may join in operating
through government clearing
houses. Each would be credited
with relative percentage Of bust
| ness.
Since there is an average turn
over Of 10 per cent in cooperative
membership each year, some inter-
estS fear that in soliciting new
members the cooperatives might
encounter trade difficulties with
the independents.
Changes in the federal warehouse
act will be suggested by r. A. Ward,
general manager of the Pacific Co
operative Wool Growers. There is
high interest in the extent to which
the farm relief act will permit eX-
pansion Of ownership Of physical
properties by cooperatives.
Nils A. Olsen, chief Of the federal
bureau Of agricultural economics.
will discuss foreign markets for
American produce. The board is
particularly interested in outlets
for crop SURPRISES. @. 0. MOser,
Dallas, chairman Of the institute,
will outline present problems Of the
cooperative movement-financing
management and membership rela-
tionS.
One of the chief questions Is
| whether cooperative shall S sta
bilization corporations for speculat-
ing purposes or merely as market
ing agencies. Speculation embraces
authority by the farm board to go
into the open market and buy and
sell with government loans.