davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
Wall Street Briefs

By the Associated Press.
A. C, Allen. executive vice president
OF the United Cigar Stores Co. Of
America, has been elected president of
the United Stores Realty Corporation,
the real estate subsidiary of United
Cigar Stores. r. w. Jameson, vice
president of the United Stores Corpo-
ration and United Cigar Stores Co. of
America, was elected director in place
OF G. A. Whelan, resigned.
The Associated Gas g. Electric Co. to-
day mailed rights to stockholders to
subscribe to So intcrest-bearing allot-
ment certificates at $500 a share. These
rights, as originally announced, were to
subscribe to the certificates at 9133,
but owing to the decline in the securi-
ties markets, this figure was lowered
before issuance of the rights to $120.
The Curb Exchange has Cancelled all
when, as and II issued" trades In the
rights based on the original announce
ment. This action does not result in a
cancellation of the rights, which were
not issued until today.
Plans to expand the company's op-
erationS in the Orient were given as
the reason for increasing the capitali-
zation of the Texas Co. Of China from
81 100000 to $5000,00o. The COM
pany, a subsidiary Of the Texas COM
pany, was formed only o few months
ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
new GRAIN MARKET
DUE IN MARYLAND
Several Agencies Unite in Plan
to Form Selling Or
ganization.
Special Dispatch to The star.

Special Dispatch to The star.
BALTIMORE, November 23.-Plans
are being completed for the functioning
of a grain marketing agency in Mary
land.
At a meeting of representatives of the
Farm Bureau Grange, Maryland State
Dairymens Association, Agricultural
Corporation of Maryland, Maryland
State Horticultural Society. Maryland
Crop Improvement Association and the
University of Maryland Extension Sery-
ice in Baltimore this week 1t was de-
cided to use the Agricultural Corpora
ton as the agency through which to
further grain marketing.
First, it was decided that authorized
capital be increased from $250,000 to
$500, 600, one-half of which IS to be
common stock and one-half preferred
stock
Second, only one share of common
or voting stock is to be allowed men,
Der.
Third, dividends on common stock
are limited to per cent per year. The
preferred stock Is to bear 6 per cent
per year interest, and is cumulative.
The Agricultural Corporation OF
Maryland, through the support of all
the various farm organizations Of the
state, has grown Until now 1t Is ham
ding supply business of approximately
81 ,500,0 900 per year.
A number of county farm bureaus
are operating now as county farm
bureau cooperative associations and
can be used as the agency through
which to receive and load the grain, it
was explained. Application has also
been made to the Farmers National
Grain Corporation for membership In
that organization. This will tie the
grain-marketing movement in Mary
land with the Federal Farm Boards ma
tional plan for unified system Of grain
marketing in the country.
The proposition as adopted by the
directors will be placed before the an
nual meeting of the stockholders of the
corporation on January 8, in Baltimore
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
VASS TO ARRANGE
BANK CONVENTION
President Waller Appoints
Riggs Official General
Chairman for 1890.

George o. VaSs, vice president and
cashier Of the Riggs National Bank
has been appointed chairman of ths
general convention committee of the
District Bankers Association for the
June gathering, according to announce
made yesterday by Wilmer J. Waller
association president.
This Is considered the most i'm
portant committee appointment which
the organization has to offer, IS the
annual convention Is by far the most
absorbing event in the association cal
lendar. The appointment IS made a
little earlier each year in order to give
added time for convention preparations
Mr.. Vass has already distinguished
himself rs O hard worker for the aSSo-
citation. He was chairman Of the pub
Icity committee last year and at one
time and another has served with en-
ergy and ability on other prominent
committees.
One of his first duties will be to
confer with the council of admins
tration and decide upon the chairman
of the various convention committees
such as program, entertainment, trans
portation, hotel. sports, press, etc. The
has been made chairman, usually con-
tains two members from practically
every bank in the city.
Another vital question which the new
chairman and the council have to de-
eide is the meeting place Of the con-
vention. The convention met last year
at Montauk, Long Island. It was the
second year at the same hotel, so it is
certain that change will be made this
year and some other place selected.
White Sulphur, w. Va; Hot Springs,
Va; ASheville, N. c.. and Old Point
Comfort have already been suggested
as possibilities.
The new chairman has been con-
nected with the Riggs National Bank
for many years. Eanly in his financial
career he was employed by the National
City Co. When the late Milton Allies
was placed ct the head of Riggs Mr.
VaSS became his secretary. He forGe@
ahead rapidly and has long been rated
as one Of the leading officials in the
bank.
President Waller is greatly pleased
that Mr.. VaSs will serve the association
this year in such a broad way. Nm
bers of the council expressed the ssrl
views yesterday. They declare the me-:
annual conclave Is already an assured
clcceSS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
nv L A. FLEMING.

When the final chapter concerning
the worst debacle in the records OF the
New York stock Market is written 1t
will probably be shown that neither
Congress, the Federal Reserve Board,
Mr. Mitchell nor any other one man
or interest was directly responsible Tor
the slaughter of the greatest bull market
in the records of the Street.
The verdict will likely charge the
brokers of the country grown rich on
the commissions of a two years active,
rising market, with becoming alarmed
at the weight Of the pyramided holdings
of stocks, the indisposition OF big win
ners to take their profits, even though
they were burdensome because they
would have to contribute heavily to the
Government with the advent Of March
Is, 1880, and demanding such large
margins that their customers were
forced to the wall.
There were many who responded TO
margin calls for the first slide OF stocks,
who quit on the second reaction. and
more who were cleaned out completely
on the final slump preceding the call
for a showdown by commission houses
of their transactions a week ago.
The fact that the brokers and COM
mission houses passed through the cy-
clone of 100000 to 100000 share
DAYS with so few suspensions Is I'M
questionable evidence of the fact that
the brokers and commission houses
saved their faces via the big margin
calls. Then, too, there were many new
factors in the market that were never
counted on before-the investment
trusts and enormous stock lists.
who Stopped the Decline?
II is easy to trace cause and effect
in connection with the subsequent end
ing Of the panicky conditions and the
turn of the market, generally speaking
presuming that the trouble has finally
been gathered to its fathers.
Governors of the New York Stock
Exchange checked 1t with their show
down order and the President of the
United States, paying strict attention
to the industrial interests of the Nation
with his conferences and insistence
that there be no interference with the
progress of business in all its varied
fields of endeavor.
Bankers More Cheerful.
A week ago bankers generally were
in a gloomy mood. They were largely
under the influence Of countless scores
Of losses told by customers. of frantic
appeals for money for margins and
large withdraws of deposits from their
vaults for the protection of trades and
credits while their own shares were
being offered rather freely on the
markets by traders to protect credit
they had to bring out the best from
the vaults to get the best prices.
Today they have assumed a more
hopeful disposition. The decline has
apparently been checked, there have
been some fine recoveries and the pur-
chases have been made largely for cash.
Credit is once more in large supply
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
Corporation News

NEW YORK, November 23-Thc
following is today's summary of inpor-
tant corporation news. prepared by
Standard Statistics Co., Inc, New York
for the Associated Press:
News Trend.
The week end trade reviews report
that, while the Washington conferences
of business executives are doing much
to dispel the pessimism caused by the
drastic decline Of securities, trade and
industry is giving evidence of further
decline in activity. 1t is pointed out
that retail trade Is holding up well and
in fact, shows considerable stimulation
in certain lines as the result of cooler
weather. On the other hand, whole
sale and jobbing distribution has shown
a further slowing down as the move
to hold inventories down to the MIMI
mum becomes more general. Reports
from Washington and Chicago, in which
latter city the railway executives are
meeting, give further assurance that
expenditures for capital improvements
in 1880 will reach substantial proper
tions and that the trade reaction now
under way will be considerably less
severe than previously anticipated.
Bank clearings for the week ended
November 81 for % cities totaled
Sl5,141, 589, 900. or 1877 per cent above
a year ago. The increase, probably re-
flecting a less active stock market, was
somewhat smaller than in recent weeks.
Gains were fairly uniform, with the eX-
ceptiOn of Detroit, st. Louis and some
of the Southern cities. Commercial
failures number 4S2, compared with 402
in the previous week and 476 q year ago,
The Companies.
Baldwin Locomotive Works November
shipments to approximate $3,500,00O.
Budd Wheel earned $7.l0 per share In
nine months to September 80.
Checker Cab Manufacturing receives
order for 500 cabs from Quaker City
Cab.
Corroon g. Reynolds earned $1.22 per
share in eight months to November !.
Earl Radlo-temporary receivers APP
pointed.
Exchange Buffet earned 90 cents per
share in six months to october 81,
against SO cents year ago.
Ford Motor to shut down assembly
plants throughout country for q two
week period.
interim dividend of shillings per share
Perfection Stove declares extra divi-
dend of 121a cents and regularly
monthly of Sta cents.
Daniel Reeves, Inc, increases dividend
on common from $1.20 to $3.50 an
nually.
Reliance Manufacturing (Ohio) In
creases dividend on common from 50 to
"a annually.
A. o. Smith Corporation receives or
der for 80 gasoline cracking chambers
to cost 81 ZOO, 900, from Gulf Refining.
Sparta Foundry declares a stock divi-
dend Of 16 mar rent m r0nann0n an av.
ira of so cents In cash and regular
quarterly of as cents.
Standard Oil of Kentucky declares a
stock dividend of IS per cent on COM
mon, an extra of so cents In cash and
regular quarterly of rs cents.
Universal Pipe & Radiator earned IL
cents per common share in nine months
to September 80 against 50 cents year
ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
Gas Deliveries Resumed

NEW YORK, November Is (Ap.-The
Oklahoma Natural Gas Corporation, q
subsidiary Of the American Natural Gas
Corporation, has resumed deliveries of
natural gas to the Mid Continent Pc
troleum Corporation, one Of the largest
consumers In the state Of Oklaho4na
and which uses approximately 10000
900 cubic feet daily.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24

to IL per cent to carry them, with a
~ to 4 per cent yield, as had been the
case. they may now be carried at from
So to s per cent, while returning from
4 to per cent. They are better risks
today, with the market averaging 40
points higher than on November Is,
when no one knew what disaster was in
sight for the morrow. The present un-
certain element In a number of them
is the extent to which they will be af-
fected by q business reaction. which Is
likely to be brief, but which may be
severe.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
COTTON OFFERINGS
READILY ABSORBED
Market Closes Steady After Early
Period of Selling
Pressure.
BY the Associated Press.

:, NEW YORK. November 23.-Further
Incubation Of December contracts and
week end evening up were reflected by
somewhat irregular fluctuations in the
cotton market today, but offerings were
readily absorbed and prices generally
steady After selling of from 1850 to
!745 January rallied to l7.55 on cover
ing ana closed at 1888. The general
market closed steady at net advances Of
2 to points.
Futures closed steady. 2 to points
higher; December. l7'36al7. 40: .Tanu-
ary 17.53al7,55; March, 17.81al7.84:
May, 18.o5a1s.o6: July. 1S.2Oa1s. 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
CHICAGO DAIRY MARKET.

CHICAGO, November 90 (P).-Butter
firm;a receipts, 8,442 tubs; prices I'M
changed. Eggs, firm; receipts, 3,45C
cases. extra flrsts. 81 to 50; graded
firsts, 40 TO 40; current flrsts, % to
as: ordinary firsts. 80 to 40; refrigerator
extras, SO; refrigerator flrsts, S7h.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
BUILDING CONSTRUCTION

b. the Associated Press.
Building construction undertakings
last week, as reported through the Gen.
sus Bureau, showed evidence Of the
usual seasonal decline with the ap-
proach of Winter. The total of build
ing contracts let for the week and COM
parable periods in territory east Of the
Rocky Mountains follows:
Week ending November l6. $40. 754, 900
Preceding week ............$l4,275, 600
Same week last year. SIS. SOL 600
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
Buys Rainbow Luminous Stock.

NEW YORK, November % P-Pot-
ter & Co. and Haystone Securities Co.,
have purchased outright block of
$4,000 shares of common stock of the
Rainbow Luminous Products, Inc. The
stock will not be offered to the public.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
SILVER QUOTATIONS.

NEW YORK, November 23 (P.--Bar
silver, A9&. Mexican dollars, 3e7a.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24
Theater Party Postponed.

1t was announced yesterday that the
annual theater party usually held by
washington Chapter, American Insti-
tute OF Banking some time in Novem-
per, has been postponed until after the
nrst OF the year. 1t is considered an
inopportune time right now to book q
big professional performance. The
chairman of the committee is John M.
De Marco, assistant cashier of the Sew
enth Street Savings Bank. Last years
performance was a great success social
ly and financially.
A. E. Hence, president of Washington
Chapter, A. I. B.. who has been taking
months rest, Is expected to resume
his work at w. B. Hibbs g. Co. Mon
day.
The November Bulletin of the Dis
trict Bankers Association, edited by
Aubrey o. Dooley of the Federal-Amer-
lean National Bank. will appear on
Tuesday or Wednesday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24

=. In cc<nection with the above figures,
IL Is int:.sesting to note that at the end
OF 1923 these same bank stocks were
selling for about 2.80 times book value.
while at the end of 1927 a ratio of 2.46
times book value prevailed. In other
words, bank stocks are today selling on
approximately the same basis as thew
were two years ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24

CONTINUED on Ninth Pase.|
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-09-28
MALE

POSITIONS Need 200 Cd. d!y;: stenoE.;.
men. FREE regis Boyds. 1898 G. Nat. 1888
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-09-28
Davenport Terrace
$500 Block Conn. Ave.

Unusually attractive unfurnished apart
ments from l room. kitchen and tath TO
3 roprls. kitchen and bath FrigIda,re
on house current. Spacious lawn:
Garage in basement. Public school
nearby. Rent reasonable
Phone Cleveland 1912
Resident Manager.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-09-28

GROOM BRICK in Mich Park S11.45O
Breuninger Phifer. 1103 Vermont Ave.
HOMES IN ALL SECTIONS OF CITY.
JOS. SHAPIRO CO.. INC.
1416 EYE ST. N W. NAT. se4a
FOR N g PROPERTIES. SEE HOWEN.
STEIN BROS nth AND n SITS N g
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-09-28

POTEETS BUSINESS COLLEGE
Set our free Secretarial Bulletin. Civil
Service examinations. Nat. AIT.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-09-28

354S 10TH. 81 N. Y. Ave. AZ Chestnut
ST.. Clarendon. Va: Main ST.. Seat Pleas
ant Md.
FLATS-314O-42 o. 85O-5c Newton.
Colored-119 T. Al Il n. f., 51S Goth n
Il. Submit. offer as to sale, trade or rent
N: Ryon Co. 1915 n. Y. Ave. Nat. 1907.
NEAR BRIGHTWOOD-5-rm. bungalow:
ami: nice lot. Call Owner at Brad. 500
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-11

r.. irst, Mrs. Barnhardt, second Mrs
Donath. third.
Glass s. Best collection mixed how-
ers-Dr. r. J. PigRott. nrst Mrs
Church. second Mrs. Weingartnor
third.
Glass a. Best potted plant In bloom
Mrs Lee, FIRST: Mrs. II. r. Stut1man
second: Mrs. John Armiger, third.
Glass T. Best foliage plant--Mrs
Armiger. FIRST: Mrs. M. Buchanan, Sec
ond Mrs. j. L. Gordon, third,
Glass q. Best arrangement for table
decoration-Mrs. Church. FIRST; Mrs
Perry. second: DR.. B. J. Piggott, third
Glass Q. Best basket any variety
Mrs. Weingartner first and third; Mrs,
Lightbown, second.
Glass 10. Best exhibit OF wild flowers
arranged by boy or girl-Ralph Gordon,
first: Merylin Moseley, second; Jack
Smith, third.
The club will meet at the home Of
Mrs. r. r. Buchanan for q picnic Au-
gust IL. The program for the early
afternoon includes a speaker on Mex
leo. under the international relations
department. The members Of all the
clubs are cordially invited to attend.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-11

In comrnemoration of the l7Sth an
niyersary OF the birth Of Maj. Pierre
Charles LEnfant, the Maj. LEnfanS
Chapter Of the d. A. r.. on August z,
placed q laurel wreath on his tomb az
Arlington.
Abraham Lincoln Circle, Ladies Of the
Grand Army, met july rs, at the All
states Hotel with the treasurer, Miss
Colclazier, as hostess. The delegates TO
the national encampment At Portland.
Me, on September Z 10 10 are Miss
Colclazier and May D. Lightfoot, presi-
dent. The September meeting will be
postponed until after the delegates re-
turn from the convention; the october
meeting will be given to speaker from
the Red Gross.
The Zonta Club meeting at the Ra-
leigh Hotel. Wednesday noon. had for
tts speaker Mrs. Mary Trowbridge
Honey, guest of Mrs. Sara Abbie owen,
who told of her experience at the Amer
team Academy Of Science AT Rome. Mrs.
Honey sails this week with her husband.
DIR. Edwin E. Honey. who is 10 be head
Of the plant pathological department Of
the College Of Agriculture. Piracicaba,
Brazil Mrs Honey will teach at the
womens COLLEGE ~ The same instlLu-
ton. Both Dr.. and Mrs Honey are
being sent to Brazil by the Tropical
Plant Research Foundation.
Miss Mary Lindsey had as her guest
Miss winifred Thorp OF Boston.
The Writers League NJ Washington
will meet at the Mount Pleasant Public
Library, Sixteenth and Lamont streets,
next Friday evening at 8 o'clock. On
the program are contest stories by Miss
Evelyn Crane. Miss Virginia Patterson,
Mrs. Mabel Roseberry and Mrs. Hay
hum. Verse by Mrs. leila Newcomb.
At the last meeting there was dis
cussion Of the subject. Can You Write
a Real Story In 600 Words?" Miss
Stella Hetrich read her contest story,
Ladies" Afterward the criticism Of
the Judge, Mr.. Moneyway. was given
and constructive criticism by the
league.
'SThe Wrath and Robin Hood" by
Miss Corinne Hay was an allegorical
story of two canary birds. The Broken
Chair" by Felix SchwarZ, was story
of the greater diplomacy. Mrs. Mar
guerite Wilcox read The Bride of the
Forest" story Of mystery and madness
that she had appear IN recent maya
zine.
There were several visitors and Miss
Williams and Miss Bailey became
members.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-11

II. Beckett, Mrs. Carl Carlson, Mrs
a. A. Castle, Mrs. A. Craig, Mrs. Q. N
Eaton, Mrs. Charles A. Houeer. Mrs.
J. Enos Ray. Mrs. Charles Stanclin
and Mrs. d. j. circuit.
The Woman's Community Club Of
BeltsviIIe held garden party and
flower show at the home OF Mrs. Romeo
Perry August Q. The committee con-
sisted Of Mrs Perry, Mrs. G. d. Church
and Mrs. John Weingartuer. Prof.
Ballard OF Maryland University judged
the exhibits and made the awards OF
ribbons to the following
Glass ]. Best specimen Of Hladiolus-
Mrs. r. Perry, first; H, Converse, Sec
ond.
Glass 2. Best collection OF gladiolus--
Mrs. r. Perry, first and second; Mrs
Greenwood, third.
Glass g. Best specimen any variety
any flower-Mrs. B. Lightbown, first
Mrs. j. L. Gordon, second; Mrs. s. j.
Brandon. third.
Glass 4. Best collection any variety
any fiower--(a Mr. Batnhardt, frs.
and third: Mrs. Brentwood. second. tbI
Best collection Of zinniaS-Carl Frey.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-11
NEWS OF THE CLUBS

The Prince Georges County Fedora
ton Of Women's Clubs. Mrs. r. S.
Allen. president. and representatives
from the different clubs were met by
w. G.. Brooke, secretary OF the South
ern Maryland Agricultural Fair AsSo-
citation, on the fair grounds at Upper
Marlboro, August and made reserva-
I lions for booths In Federation Hall for
the week OF the fair, September 10 and
IA, inclusive.
The clubs which signed for exhibits
this year were the Woman's Community
Club OF Beltsville. the Woman's Com
munity Club of Berwyn. the Chillum
District Study Club, the Woman's Club
OF Cottage City. the Housekeepers' Club
of Decatur Heights. the Community
Club OF Landover, the Lanham Study
Club. the w. C. T. u. OF Hyattsville,
Progress Club of College Park
Others present we're Mrs. N. O.
Brigham Mrs. T. r. Buchanan. Mrs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-11
TWO BADLY INJURED
IN AiRPlANE CRASH
Pilot and Passenger Caught in Tail
Spin-Formsr Is Likely
IN Die.
BY the Associated Press.

By the Associated Press.
NEWARK, N. j.. August i0.-Going
into a tail spin while 500 feet In the
air. a two-seated monocoupe early last
night crashed in the meadows about q
mile and half from the Newark Met
ropolitan Airport, seriously injuring the
pilot Luther B. Mcmillan. SO. IF Larch-
mont. N. Y, and his passenger. VIII
liam De Roberts of East Orange.
Witnesses at the airport said the
plane had no trouble taking off and
seemed to be In no distress until IL
suddenly went into a dive.
Authorities were OF the opinion motor
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-11

trouble caused ths fhip w lass HHrs
speed tehding n lntn " iaii spih
Roth men received fractures ~ tFf
skull IN addition MrMiiisH kuNefsa
fracture ~ ths isg
~ the hosplial u wss Fspoftsa As
Ni'lnn had slight chance ~ rsfn,a
erina
The plane vAs owned hy MrNtllan
Who Wa employed Nv INC tnhnssMan.
vile 90 NJ MAnyills ~ ! We had
iAkFn up several passengers pFior - me
accident
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-11
ENTERTAINED BY KING.

sANTANDER. Spain. August N ~
John d, Rockefeller. ID. Aon ~ John
D. Rockefeller, jr. arrived here ysstsr-
day. accompanied by his secretary and
a servant
Mr. Rockefeller. on invitation from
King Alfonso, was n guest Of The King
a. breakfast In the Summer palace this
morning. He left this afternoon for
Mondariz where he will call on Primo
de Rivera. Spanish prime minister
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-11

$50 600 was authorized for remodeilne
the clubhouse, "a Jackson place A neV
heating plant II 10 he installed also q
new water and light system. Clubrooms
are IN be enlarged with a new entrance
IN the coffee shop additional floor
space Is 10 be sdded for tnis shop. which
Ia open To the public.