davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05
BY KENNETm 5. VAN sTRuM.

NEW YORK, April 5.-The years
1927 and 1923 were the poorest expe-
rienced by the makers Of locomotives
and freight cars In over 80 years.
Locomotive and freight car manufac-
turing Is, however, only one phase OF
the railroad equipment business. Other
companies, such as those making wheels
and brakes, Jared better.
American Brake Shoe & Foundry.
American Brake Shoe g. Foundry is
one Of the largest manufacturers of
brake shoes and railroad car wheels.
1t maintains many plants In various
sections OF the country In order to fur
nish its products more conveniently to
railroads as requirements of old equip
ment becomes necessary. Most OF its
business is replacing worn out parts,
but the company also supplies car and
locomotive manufacturers. The de-
preston in those industries was so
great last year that it could not help
but bring the brake and wheel industry
to below normal capacity.
In addition to making brakes and
wheels, the company also makes cast
ings, forgeings. railroad track fixtures
and friction plates for automobiles
This last product has proved OF par
ticular value during the last two years
of depression in the railroad equipment
industry. In fact, the activity in tho
automobile business has increased the
demand for friction plates more than
enough to offset dull conditions in
other departments.
AS a result, after averaging 1922 a
share in earnings for the past seven
years the company earned 1857 in
1928, close to, the highest point ever
reached. Moreover. these earnings In
elude only dividends paid to the COM
pany by its subsidiaries. If the COM
pany's share in undistributed earnings
were included. earnings would nave
been closer to $429 a share.
With the stock paying only $l.60
share the dividend is well secured. The
Weld at the present price OF about 50
is. however, only 80 per cent although
in addition to the cash dividend the
company has paid 2 per cent in STOCK
during the past two years. The present
price of the stock would only seem 10
be warranted in case the stock oiVl-
dend is continued or q larger cash
dividend is paid.
American Steel Foundries.
American Steel Foundries. whose pres
ident. r. p. Lamont, recently resigned
to become Secretary of Commerce. is
the largest concern making car wheels.
1t also makes many heavy castings used
for various purposes, but concentrates
on wheels and specialties for railroad
cars. It's plants, like those Of American
Brake Shoe. are we'll spread out over
the country for the convenience OF the
railroads.
American Steel Foundries has fiuctuat-
ed over wider range than Brake Shoe
during the past two years. due, perhaps.
to the fact that it's earnings fiuctuated
more widely. During the past seven
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05
ACTIVITY IN CURB
TRADING SMALLER
Market FIuctuates Uncer-
tainIy-Credit Situation
Still a Factor.
BY HARRY II. BECKER.
ipecial Dispatch 70 The star.

Special Dispatch to The Star.
NEW YORK, April 5.--The threat
contained in the latest Federal Reserve
statement with respect to its policy on
credit curtailed speculative activity on
the Curb Exchange today. The market,
however, took the development with
surprising calm and except for some
hasty selling shortly after the opening,
moved in a rather Indifferent manner.
Little progress was made by any
group. For brief period early in the
session several utilities were bid up
SHARPLY against the professional short
account. American Superpower B was
especially buoyant and American g.
Foreign Power warrants moved ahead
rather impreSSively, but the strength
failed to bring in any outside participa-
ton.
The rest of the group finctuated list
lessly. International Telephone & Tele-
graph was active. without much change
in price, and the same was true of
Electric Bond &c Share and United
Gas Improvement. Northeastern Power
rose several points on few sales.
Recent strength in leaders like Gold
man Sachs, the metal issues and repre-
sentative industrials gave way to
irregularity under realizing. Trans
America continued active and firmed
up following the declaration of the
regular l per cent stock dividend and
the same amount in cash. Haygart sold
ex rights and recovered partly, while
the movement in Tr!-ContinCutal lost
its former vigor.
The most interesting development in
the motor division was the introduction
to trading of Ford of Canada new stock
at So
This was equivalent to S1,160 for the
old shares. which were selling around
S1,l40. The shares admitted today
represent the amount offered publicly
under the recapitalization providing for
. 2o-for-1 split-up.
There was quite good deal of in
terest shown in Durant Motors, which
sold up briskly in pool operations.
Fluctuations in mining shares were
devoid of feature and the group for the
time being seemed to have lost its
speculative attraction. Newmont was
weak most Of the time, but Noranda
and Roam Antelope developed excep-
tional firmneSS.
Oils, too, moved listlessly, with the
important changes downward in only
moderate trading.
The buying of Sikorsky Aviation,
which was feature the day before,
died down and heavy profit taking re-
suited in a sharp reaction. There was
report in circulation that the company
has been approached by one or two of
the larger manufacturers with a merger
proposal on favorable terms. Among
the specialties Neisner Bros. was sharply
higher, while fractional advance car
ried Servel into new high record ground.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05
HAYDEN is ELECTED
EXPRESS co. OFFICIAL
Nv the Associated Press.

By the Associated Press.
NEW YORK, April 5.-The election
of Charles Hayden of Hayden, Stone &
Co, investment bankers as chairman of
the board of the American Railway Ex-
press Co., announced today, was inter-
preted in Wall Street as definitely es-
tablishing the company as an invest
ment trust.
The election of Mr.. Hayden to the
chairmancy comes upon the heels of
the acquisition of the holdings of the
American Express Co. in American
Railway by the Adams Express Co.,
giving Adams complete control with a
stock interest of about rs per cent
Adams has operated as essentially an
investment company since its express
business was taken over by American
Railway in 1918.
The election of Mr.. Hayden is under
stood to end controversy between two
groups which control the three express
companies, the one headed by Mr..
Hayden favoring the operation of
American Railway Express as an in
vestment trust, and the other headed
by Eugene w. Leake. New York attor-
ney, favoring the liquidation of the
company and the division of the pro-
ceeds among the stockholders. Mr..
Hayden succeeds Mr.. Leake as chair
man, but Mr.. Leake retains the presi-
dency, having previously held both
positions
In addition, two members of Hayden,
Stone & Co.-Richard F. Hoyt and
Steele Mitchell-were added to the
boards of directors of both Adams and
American Railway Express.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05

stabilize their earnings SO successfully
as those making car wheels and brakes,
their. earnings have been steadier than
those OF locomotive and railroad car
builders.
Westinghouse has averaged $2.64 for
the past seven years, with 1928 earn
ings at 1914. Although at the 1929
rate the SO dividend is earned by only
a narrow margin and the yield OF
slightly over per cent does not seem
very large, the company is In strong
financial condition and there are no OBJ
legations ahead OF the common stock
Any increase In the amoul of lip
ment bought by railroads should bene-
fit this company Immediately.
New York Air Brake.
The New York Air Brake Co. has also
been able to Withstand the depression
In the railroad equipment industry be-
cause of It's concentration on the manu-
facture Of replacement product-air
brakes. This company Is the second
largest air brake manufacturer and
holds an agreement whereby 1t may use
Westinghouse patents
The company's earnings have fallen
from high of $1063 a share in 1923 to
$2.98 last year. The average however
has been $5.05. SO that the. 50 dividend
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05
COTTON PRICES FIRM
IN EARLY TRADING
Market Subjected to Liquidation at
0pening-Oables Are
Easy.
By the Associated Press.

By the Associated Press.
NEW YORK, April 5.--Cotton opened
steady today at decline of points
to an advance of point and showed
net losses of about to points in the
early trading under further liquidation,
with local and commission house SELL
ing.
This appeared to be influenced by
relatively easy Liverpool cables and re-
ports of favorable immediate weather
conditions in the South. There was
some nervousness over the possibility of
unsettling conditions developing over
the week end, which caused covering.
General business was comparatively
quiet, and the market held fairly steady,
but within a point or two of the lowest
at the end of the first half hour.
Private cables reported Continental
and Bombay buying, supplied by liqui-
dalton in the Liverpool market They
said the Spinners' Association in Bolton
had recommended a. continuation of
short time in the Egyptian section for
another four weeks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05

City Of washington. District Of Columbia, SIS:
/, j. EZRA TROTH. cashier OF the above
named Dank. do solemnly swear that the
above statement is true TO the best OF my
knowledge and belief.
Subscribed and sworn to before me this
and day of April, 1929.
fSeaI1 JOHN r. MORAN,
Notary Public.
Correct--Attest:'
r. Z. Harrington, John c. Walker.
Jos A. Burkart Thomas w Perry.
Paul Sleman, Eynum Z. Hinton.
e : Murphy. Directors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05

REPORT OF CONDITION.
nj the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05
CHICAGO DAIRY MARKET.

/ CHICAGO. April S 6F).-Butter lower:
receipts, 9.473 tubs: creamery extras,
44I2; standards, 44la; extra firsts, 44a
4414; firsts, 43laa4334; seconds, 42laa43.
Eggs higher; receipts, 36,64I cases: extra
hrsts, 2634a27; firsts, 26a26I4; ordinary
firsts, 25a251a; storage packed flrsts,
i28l2; storage-packed extras, 283za29.
Poultry, alive, steady; receipts, 8 cars;
fowls, 30a35; Springs. 81; broilers, 44a
~; ROSTERS, %; turkeys, 80; ducks, 24a
80; geese, 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05

Character Of business transacted during
the year 1928 Automobile Liability, Prop
erty DAMAGE and Collision.
r. b. MARTIN. Vice President.
WALLACE KELLY, Secretary.
Subscribed and sworn to before me this
26th day Of February. 1929.
tSealJ HENRY W. BURNS,
Notary Public.
N. Y. Co.'S No. $50. Reg. No. s459. Commits
sion expires March 3d. 1929
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05
Shriver Named Director.

f,enrre M, Shriver, senior vice presi-
denf. Of the Baltimore ~ Ohio Railroad,
II was announced here yesterday. has
heer elected director for the Eastern
district of the recently formed Railway
Exnress Agency. On March / the
Psilway Express Agency, Inc. ac-
buried all the physical properties Of
tine American Railway Express Co. and
heaan the conduct of the conlpany's
business under the direction of the
raslroads. The company does not OPP
crate for profit. but merely acts as
sgent for SIS railroads. =.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05

rate has been amply covered. At As. the
stock yields ~ per cent and is antici-
pating better prospects as the company
expands and the railroad equipment In
dustry improves.
The chart showing the fluctuations OF
the stocks OF Ghese equipment companies
during the past two years shows clearly
that they were seldom able to hold their
gains after a sharp rise. 1t would have
been unwise, obviously. to buy any Of
these stocks after they had risen
abruptly.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05

Taylor. Ewart. 81 Co. and Halsey
/ Stuart & Co. offer today an additional
/ rial s ts per cent, due serially April i,
1884 to 1853, inclusive, at prices 70
iaisld SIS psr cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05
STATEMENT OF THE CONDITION
OF the
Yorkshire Indemnify Co
of New York. N. Y.

On the 31st day Of December. 1928, as re-
CURED under the District of Columbia Code.
amended June 3d. 1902. and August Is, 1911.
Capital stock ...............s30 $500, 900 90
ASSETS.
Cash in ONCE ..............., s0s2 rs
Cash in bank ............:... 85,4l9.67
yaiue) ..................... $4,000
hands Of agents ...... $780, s
Interest due ard accrued ..... 10.525.95
Total assets 81 .059, 139.o OF
LIABILITIES.
Net unpaid claims ............ st35 424 80
Reserve as required By law ..... 230096.B2
Salaries, rents, expenses, taxes.
ctC. .s..4..s...s lStUUU.1W
Commissions. brokerage, etc.. 22,564 40
Capital stock ............... 100000 90
Surplus Observation-Disclosures. 362.053 80
Total liabilities 81 .oe9,ls9.02
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05
STATEMENT OF THE CONDITION
Reliance Casualty Insur-
ance Co. of Newark. N. ].

On the 3lst day Of December. 1928. as pre-
amended June 80, 1909. and August 10, pll.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-05
REPORT OF CONDITION
of the
Chevy Chase Savings
Bank.

OF WASHINGTON, in the District Of Columbia
at the close OF business on March ~, 1922
New Britain herald., 1929-01-30
What happens if one takes the gas ont of a gas station argument?
EXPANDING THE LIBRARY

The addition to the New Britain Institute made possible by the ac- ceptance of the Hawley bequest by the library trustees gratifies all citi- zens. To be true. the addition will be devoted entirely to children, but con- seouent removal of the present chil- dren's department from the base ment of the present building to the Hawley addition will mean possi- bilities of considerable expansion for adults in the present library building. For several years the need for more room in the structure has been felt. judged by the removal of the reading room to where the reference library used to be, and vice versa.
 The modern library appeals to young and old. Children of tender years have been amused and tn- structed in the basement of the present structure; the erection of a special children's library for that purpose will vastly increase the in- tluence for good among the young.
 We are inclined to think the Flaw. ley Memorial children's library will be among the best in the state. The city accepts the possibilities with anticipations of satisfaction.
New Britain herald., 1929-01-30
BERLIN AND FIRES

If the New Britain fire department goes though with it's determination not to protect the neighboring town Of Berlin from fires, forcing Berlin to provide for itself volunteer fire department, it may be inconvenient for Berlin but Berlin can do it. Towns all over the state possess volunteer fire departments. Before New Britain's fire-fghting resources were relied upon by the town-ten years ago-Berlin had system of combating fires and it worked. It was only when it was decided that the motorized department Of New Britain could be employed at q price that the old system of fighting fires was given up. Berlin can return to the earlier system without feeling that New Britain has done it an evil i turn.
 Of course, in case of conflagrations
New Britain herald., 1929-01-30
HONESTY

The lad in Bristol who says he may not have had time or inclination to count the money. It may have been more money than he thought existed in the world, or more than he had ever seen at one time before. and he concluded it was $3.000. Anyway. it was bulging pocket book full of money; and little Joseph Nocera decided the best policy was honesty and a quick and safe return of what he had found. For this he re- ceived a shiny 50-cent piece. Per haps he will frame it.
 The lad received more than 50 ccnts, however. He has the realiza- ton which will remain as long as he lives that he was honest in a great emergency. Needless it is to say, per haps, that there are human beings who upon finding a pocketbook sra.TlnIed full of money will scarcely fhink of returning it; indeed. there 'tre some evil persons who like nothing better than to get hold of 'unother's pocketbook
 Here was a lad whose first thought was to return the money. regardless of it's amount. He has made a Splen- splendid example to his fellows.
New Britain herald., 1929-01-30

QUESTIONS ANSWERED.
 You can get an answer to any question of fact or information by writing to the Question Editor, New Britain Herald, Washington Bureau. 1922 New York avenue. Washington. D. C.. enclosing two cents in stamps for reply. Medical. legal and marital advice cannot be given. nor can ex- tended research be undertaken. All other questions will receive a per- sonal reply. Unsigned requests can not be answered. All letters are con- fidential.-Editor.
 O. What is the lifting power of one horsepower?
 A. It will lift 33.O00 pounds one foot in one minute.
 o. Does the muffler on an au- tomobilc reduce its power?
 A. Muffling the exhaust of . motor reduces. the power because the muffler interposes a winding passage for the escaped gases and increases the friction. thereby re- quiring the motor to do more work in exhausting the gases than if no muffler were present. The energy which goes into forcing the exhaust gases through the muffler Is con- sequently not available for useful work in propelling the craft. O. Does Mexico have universal woman suffrage? L.. vHotfnno1 1lniVorQQ1 I suffrage law but several Mexican states have adopted universal male and female suffrage.
 O. On what date did Easter Sum- day fall in 1882?
 A. April Il.
 o. Does the peace treaty with Germany specify any time limit for the demobilization of German troops. or any definite time when Germany can re-establish her military forces! A, Demobilization in Germany, ar provided in Part V of the Treaty of Versailles. is for an indefinite period. There is no fixed time pro- vided in the treaty when Germany may re-establish her military. naval and air forces according to her own plan of organization.
 O, What were the maximum salaries for letter carriers between 1868 and 1879?
 A. By the act Of March ,. 1S6s the salaries of letter carriers in tho United States postal service wal fixed between $500 and s1.000 pei annum. An Act of 1879 provided that the salaries of letter carriers a post offices having a population O less than 77b.000 should start n $500 a year and carriers could b.
New Britain herald., 1929-01-30

that are beyond the ability of . volunteer fire department to handle the resources of New Britain would always be at hand. We would not stand idly by while Are was be- yond control in Berlin. Since the paw ing of the main highway between the two towns the New Britain apparatus can make the distance between them in quick tempo: if Berlin furnishes the water we can furnish the speed and the apparatus in case the local fire-eaters are denied the pleasure of putting out the blaze themselves.
 If Berlin were part of New Britain it would receive all this service free of charge and maybe the city would build a fire house in what Is now Berlin. But that is something else again. Later that may come up in more practical form.
New Britain herald., 1929-01-30
Obseruaions On He Weather

Washington. Jan. S0.-Forecase for Southern New England: Fair and continued cold tonight; Thurs day cloudy. probably followed by snow in Connecticut and western Massachusetts: strong northwest and west winds. diminishing and shifting to northeast Thursday.
 Forecast for Eastern New York: Mostly cloudy tonight and Thursday: probably snow Thursday in south and central portions: continued cold; northwest gales diminishing and be- coming north and Rortheast.
 Conditions: Pressure continues abnormally low over the Grand Banks, Halifax. N, g. 2s.22 inches. Light snow hurries were reported In various portions of the Ohio valley. lower lake region and the north At lantic states, also over the Central Plains states and upper Missouri valley.
 The center. of tho high pressure area over the northwest has shifted to The Pas in the Canadian prov inces of Manitoba, S0.74 inches. The disturbance of the Pacific north- west and the Great Basin moved southeastward to Denver. 1s.ss inches, and Abilene. 2s.9s inches. Temperatures are higher over tho plains states though still somewhat below zero in the border states be- tween Wisconsin and Washington. Conditions favor for this vicinity fair weather followed by increasing cloudiness with slowly rising tenl- perature.
New Britain herald., 1929-01-30

psemetsa ts esSs pss saasm. h 1, citise havin9 . Depslat3ea ee 0ees than yS.eee. casyisss wpee aDpelnte1 at ssee. vers promoted ts eeee aa the cad ef tha secaea yeaF sA1 ite sl.see at the cd ee ths thirl ysas. Q. Do the prohibition laws ef the United states apply te the Philippine Islandss
 \. National prohibitiea doss Ast apply to the Philippine IslandA General laws ef the Untted states do net apply to the Philippines un- les e specified in the acts.
 Q. What is the swtftest running animal?
 A. The chseta. or hunting lsop- ard. b able to run for short dis tancs with the greatest speed prob ably of any animal. The horse is, without doubt. the fastest animal for long distance running. but for . short distance the whippst ts faster. Other swift animals are the wolf. coyote. elk. deer. antelope, jack rabbit and kangaroo.
 Q. What is the siss of the aver age family in the United States and what is the average naintsnancs cost.
 A. The cost of living survey made by the United States Bureau of Labor statistics in 1sls-lsls. cover ing more than 12,000 families of wage earners and small salaried persons in s3 cities and tewhA showed an average of ls persons per family, with average annual ex- penditures of t1.tsl. In March 1923. the minimum health and de- cency standard for workingmen'a . families in Philadelphia was found by the Bureau of Municipal Re- search to be sl.s5l. Prof. Paul H. Douglas of the University of Chicago has estimated the level commonly considered as the American stan dard" as between 5000 and S2.<00 for residents in large citiea In 1926 the National Industrial Confer ence Board set tho annual cost of maintenance per family for indus trial workers in New York City at from t1.s4l in Brooklyn to tl,s0s in the Bronx. exclusive of vacations. unemployment and savingA
 Q. What was the name of the first wife of Douglas Fairbanks?
 A. Anna Beth Sully.
 o. What was the date of the Leo Lomski- Tommy Loughran fight?
 A. January 6, 1928.
 o. Where is the saying "Why are ye 50 fearful. How is it that ye have no faith" found?
 A. The quotation is from the Bible: St. Mark $40.
 Q. What states produce the largest olive crops?
 A. Arizona. New Mexico and California.
 o. What proportion of the weight of the human body is water?
 A. From one-half to two-thirds l Q. What state produces the largest crop of cranberries?
 A. Massachuse Other statea in order of production are New Jer' sey, Wisconsin. Washington and Oregon.