davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19
RECOVERY IN STOCK
PRICES CONTINUES
Turnover Small as Market
Climbs SIoWIy-Money
at 6 Per Cent.
By GEORGE T. HUGHES,
'cial Dispatch to The Star.

NEW YORK, February 19.-In quiet
trading and with diminished volume the
stock market effected further recovery
today. Leadership shifted about some
what, but, save in the sugar stocks, there
was no weakness and no important re-
action. There was slight reaction at
the close, which. however, still left
prices we'll up on the day.
The last hour was featured by sharp
run-up in Postum and by buying of
Western Union.
The market was still under the in
f1uence of the money situation. Call
loans renewed at per cent and funds
were in supply at that figure. On the
outside, accommodation was obtainable
at 6l2 per cent and just before noon
the official rate dropped to 6 per cent.
Pools Again Active.
The Street argues that If the Federal
Reserve Is to translate it's displeasure
with the speculative situation into
action, it will be shown in the charge
for day to day loans. The reasoning
may or may not be sound, but it has
its effect. Any easing in money is fol-
lowed by short covering at once and by
tentative new buying.
Pools in various specialties put their
fayorites up without much interference
from the bear element. American g.
Foreign Power climbed more than 9
points in the first two hours to a new
high above 1877. st. Joseph Lead ran
up without pause almost points. There
was active buying of Remington Rand
on a favorable earnings statement of
Penick q Ford, which made new 1929
top. and of International Combustion
Copper stocks were strong under the
leadership of Andes. which was in de-
mand right from the start and soon
set new record since issue. Anaconda
advanced with the stock of it's SUBJ
sidiary. More influential on sentiment
was the strength in United States Steel.
At IT'S the stock was up 3 points.
Bethlehem Steel, as is now its custom,
went along with the leader.
The motors responded more slowly.
but they. too, ranged higher. Hupp. at
70, was up more than points from yes
terday'S low. Hudson, Studebaker and
Packard did better. Westinghouse Elec-
trio opened higher and added to the
gain subsequently. So did General
Electric.
Railway Group.
In the railway group there was only
moderate activity. One reason was that
there is not the short interest in the
rails that there is in the industrials
and so practically no short covering.
Baltimore & Ohio made a good show
ing, but other carrier stocks were quiet.
Sentiment in the Street was still di-
vided. 1t was possible to get any kind
OF opinion desired and from equally
good authority. Some houses were adj
vising their clients to tighten their
holdings on the rally and others were
insistent that the foundation was being
laid for new advance. The fact that
volume was so low was good evidence
that customers we're having dificulty
in making up their minds which ad9ice
TO follow.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19
Special Dispatch to The star.

Special Dispatch to The Star.
NEW YORK, February 19-The
public that made It's initial ventures
In the stock market in January has
lost money unless it confined its opera
tions to the shares of public utilities
and those of the copper companies.
Nearly every other group shows declines
in spite of yesterdays recoveries. The
losses are large enough to have wiped
out substantial margins.
In the decline last June, the average
of stocks went off % points. In the
December break the loss was 20 points.
BY the first of February the market
had recovered an average of AZ points
from its low level in December. but at
the closing last Saturday, It was down
10 points from the high of the year.
So far, therefore. there has been a
smaller average loss than in the other
Interruptions to the bull campaign dur
ing the preceding eight months.
Many Still Have Profits.
Those who have been buying stocks
during the early stages of the rising
market still have substantial paper prof.
its and are able to Withstand losses of
the size that have occurred since Feb
ruary l. The distress signs have all
come from a public that rushed in to
accumulate stocks last month and fol-
lowed them up to the highest prices in
their history.
The position of those who constitute
the last and thinnest strata in the
speculative structure may be illustrated
by a comparison of a number of the
high prices of the year and those that
have seriously affected margin accounts
within the last few days. For instance,
among the rails, which ran up sharply
two weeks ago, with trading in them
the broadest in two years. there are de-
clines of Is points in Canadian Pacific,
is in Chesapeake &, Ohio. Is in New
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19
COPPER AND UTILITY SHARES
WITHSTAND BREAK IN MARKET

York Central, IL in New Haven. Is in
Union Pacific, IL in Reading. o In Erie
common and IL in Baltimore g. Ohio.
In the automobile group Chrysler had
a decline of SO points. Packard, 81:
Hudson, 10. and Hupp. Is. In the
specialties Johns-Manville had a drop
of 48 points. Montgomery-Ward. 81;
National Cash Register. rs; Westing-
house. %: Liquid Carbonic, SO; Radio.
rs; Curtiss' Aeroplane, %. and Gold
Dust, 16. All of these stocks compelled
margins ranging from 40 to 100 points,
and those who held them were called
upon to make good the shrtnkage that
had occurred in their accounts with the
decline in their holdings. Il
Not even the high-grade investment
industrialS were spared. for General
Electric lost 38 points. Steel common,
IS, and General Motors, points.
Investment Trusts.
The effect of this reaction has been
quite disturbing of the new investment
trusts and trading corporations whose
operations conceded with the rally in
the market in December and whose new
capital was first placed in stocks In
January. Some of these corporations
are understood to show considerable
shrinkage in the value of thei: capital
assets. Others have realized paper
profits by taking advantage of the re-
cent break in stocks and withdrawing
funds from the call money market to
purchase high-grade issues when they
dropped down to the low prices Of the
year.
AS an indication of the force of the
selling movement nearly 285 different
stock issues last week sold at the lowest
prices of the year. This represents
about 40 per cent of all the stocks
quoted on the New York Stock Ex-
change last week Similar conditions
prevailed on the New York curb market
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19

The New York Cotton Exchange
membership of Leopold Spingarn has
been purchased by L. B. Lowenstein
lor another. The sale price was $685.
600. decrease OF $4,000 from the pre-
ceding sale.
The Industrial Rayon Corporation re-
ports net profit of $1,653, SOL, after
| charges for 1928, equal to So. 25 a share
earned on 1883 shares. compared
with net profit of SCOTT in 1927, or
$500 share.
The Chicago, Milwaukee. st. Paul &
FACING Railroad Co. reports for the
period from January IA to December 81 ;,
1928, net income, after expenses. rents
interest and other deductions. of
| $9,26l,971. Gross totaled sl65, 3O3. 693,
while operating expenses were $780,
580,918.
Ivan r. Gates. formerly operator of
| the Gates Flying Circus at Teterboro
| ~ j., has organized two new aeronau-
tical companies known as the Gates
Aircraft Corporation and the Gates
Flying Service. The aircraft corpora
ton will build training planes and has
| been organized in Delaware with
capitalization of 100000 shares.
The MatSon Navigation Co. reports
| net income OF $2,217,892 for 1928 after
charges, equal /. to $9.07 a share, par
500. earned on 244,516 shares. COM
pared with $2,375,826, or $9.71 a share,
in 1927.
Underwriters Finance Co., Inc, re-
ports net earnings for 1928. after pay
ment OF all expenses and preferred divi-
| bends, OF $83,4l6, compared with $67.-
OIL Tor 1927, a rise of 208 per cent. The
year 1927 was the company's first full
year OF operation under its present cap
ltalization. The net earnings in 1928
were equivalent to $500 a share. Total
assets during the year increased from
$21l,912 to $l,787,913. surplus increased
ness transacted from $248, 625 to SIS, 49,
| $50.
Stockholders of the Park Co., Inc,
OF Hartford, Conn.,, security investment
company of the Park Street Trust Co.
| nave approved an increase of authorized
stock to $1,000,000 Outstanding stock
Will be doubled to 100000 by an issue
OF new shares at $25 par. The current
market price is $125.
Erwin Vogelsang, president of the
National Metal Exchange. announced
today the exchange would organize a
statistical bureau for public diSsemina-
ton of information in regard to the tin
industry. In particular. he pointed out.
information from sources of supply, all
| OF which are foreign, have been very
meager and of little guidance to the
American metal trade. The United
States is the worlds largest consumer
OF the metal, although it produces none
Important changes in rolling mill
methods are reported under develop
| ment in the research departments of
Youngstown district steel producers,
which have been directing more atten-
ton to experiment. The improvements,
designed to reduce production costs and
enlarge output, are said to be chiefly
in manufacturing of fiat rolled steel,
including tubular products and tin
plate.
The American Sugar Refining Co. will
supply its customers in Texas, Okla
homa and the Southwest with sugars
from its own refineries. President w.
Edward Foster has announced. The
company's arrangement with the Texas
Sugar Refining Co. for the refining of
raw sugar terminates next month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19
New Construction Contracts.

NEW YORK, February 10 Cp.-Nev
construction work contracted for in 81
States east of the Rocky Mountains, az
reported to F. M. Dodge Corporation
increased $4,500,00 in the week ended
February Is over the previous week to
$50, 022 300 Daily average of contracts
let since January is $l5.306, 200. con-
trasted with $18,593, 300 in the corre-
spending 1928 period
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19

ALI MclaIbtSl..
Am Meta Is pft6)
Am Nat Gas pr z
Am p 4 l. tfll..
| AmP&Lpf sta S.
AmPo&Lt pf(e)l
Am Radiatorl5).
Am Ry Ex(6)...
Am Republics. g..
Am SAT Raz,re).
Am Seating(3)..
Am Ship & Conn.,.
Am Shipbld gtS).
Am Sm&Ref(4)..
Am SNUFF (12)...
Am Stl Fdyst3).
Am ST. Fly pf(7)
Am Sugar..
Am Sugar pf(7).
Am Sumatrat3)
Am Tel g. Cat5).
Am Tel & Tel(9)
Am Tobacco(S).
Am Tobac BOD.
Am lob pf(6)...
Am WW&Eitcl).
Am Wooden.
Am Wooden pf.
Am Writ Pa 6 pr
Am Zinc........
Am Zinc pr.
Anaconda o..
Anchor Cap.....
Andes Copr $780,.
Archer Dan o..
/ Armour IlllA)..
Armour Ill(B)..
Armour Ill pft7)
Arnold Con & Co
Artloom pf(7)..
Art Metall1M)..
AssoDryGtzhl.
Asso Oil(2).....
Atchison t10)....
Atchison pf(5)..
All Coast Ltti0)
Att Gulf & w..
Att Gulf pft3l..i
Allan ReflfIA)
Allan Ref pf(71.
AtlasPowdert4J.
Austin-N Nichols.
Auto Sales. ....
Auto Sales pft3l
Autostrap A8l.
Bald Loco pfl7).
BALTIC q ots),...
BALTIC q 0.pfl4).
Bang q Arl3h).
Barnet leather.
Barnsdall A t2).
Bayuk Cgrs co..
Beacon Oil.
Beecn-Nut 3D..
Belding-Hemwy.
Belg N r pf(t6).
Best & Cot3)....
Bethlehem StI(4)
Beth Steel pf(7)
Bloomingdale.
Blumnthl pf(7).l
Bon Ami At4)...
Booth Fisheries.
Borden Milk(e)..
Briggs MfgFCo..
Brockwy Mot(I)
Bklyn-Man(4)..
BkiynUnGasl5).
BrownShoe(2h)
brunswick Bod.
Brunswick Ter.
Bucyrus cvl2k)
Bucyrus pf(7)..
Bum RAP pf(6)..
Burns Bros(B)..
BurnsBros pf(7)
Burroughs (f5).
Bush TermtgzJ.
Bush Ter del7)..
Bush Ter pfT)..
Butte Cop d Zinc
Butte & Supt2)..
Butterick Co.
Dyer Il Co.
Byers A Mtrts)..
|By-Products
Calf Packl4)...
Callahan Zinc...
Calu & Ariz (6).
Cal & Hscla(4)..
Can Dry tf4hI.
Can Pacinc(1O).
| Car Cl&O sta (5).
Case Threshg(6)
Cavanah Dobbs..
Celotex Co o..
Cen Aguirrst2).
Cent Ailoyl2)...
Cerro de Past5).
Csrtain-teed Pro
| Csrto (f<)......
| Chandler-Clev..
| Ches & Ohio(I0)
| Z G. Corpn(3)..
| Chi &c Alton pr.
| Chi Great West.
| chi CT West Pr.
| Chi Mil Il st p.
| Chi Mil e. StP pf
! Chi &c Nwn o..
Chicago Pm Tool.
| Chi p T pft3h)..
| Chi. RI&Pac(s)..
Z r / d p pf(6).
c r / e. p pf(7).
| Chickasha
| Childs(2.z0)....
| Chile Cop (2h)..
| Chry sler o..
| City Ice ESQ.,.
| City Stores new.
| City Stores(rts).
| Coca-COla t6)...
, Coea-Cola (A)..,
Collins Il Alkmn.
| Col Fuel & Iron.
Col &c Southnt3).
Col Gas & EI(5).
Col Gas&El new.
Col GEE pfA(6).
Columbia Graph
Col Carbon f%A.
Com Cred(1)....
Com Cr1stpf 81
Com Inv TT o..
Com Solvnts(S).
Com Powerful.
lConGoleum-Eair
Cong Cgrs t5)...
Conley Tinfou. =,
Consoi Cgrs 90.
icon Film pf(2)..
Censol Gas (3). .
ConsolGaspf
ConRRCuba pr 8
| Consol Textile.
Container A 1.20
Container B soc.
Cont Baking A. A..
Cont Baking B. >.
Cont Bak pftS)..
Cont Can (2h).
Cont Insurt6)..,
Cont Mot(s0c).,
Cont Motors rts.
Corn Prod rs ~,
; Coty. Inc (g2)..
Crossiey Radio.
Crucible Stl(5).
CubaCaneSugar.
Cuba Cane Su pf
Cuba Company.
Cuban Am SOD.
Cuban Dom Sug
!, Cudahy Pkg(4).
lCurtiss Aerot1).
Cuyamel Fruit. ,
= Da vison Chem. +.
. Del & Hudls)...
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19

per snare. Inc
same extra was
declared at the
December meeting.
Both dividends are
payable on March
80 to stockholders
of record on March
6.
Ogden Mills Reid
OF New York. who
has long been a
member of the
board. was elected
TO the executive
committee TO fill
the vacancy caused
by the death of
Ogden Mills, which
occurred a b 0 u t
fhren weeks aQn
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19
Shipments of Lead.

NEW YORK. February 10 (P).-Do-
nestle shipments of lead in January in
creased to 65,279 tons, compared with
61,536 tons In December, the American
Bureau of Metal Statistics reports. No
vember shipments were 70,038 tons.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19
Wall Street Briefs

The New York Cotton Exchange
membership of Leopold Spingarn has
been purchased by L. B. Lowenstein
for another The sale price was s38.-
600. decrease of $4,000 from the pre-
ceding sale.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19


Seab Air L pr. :.
Seagrave(e1.20).
Sears-Roe(42M)
Seneca Copper. ..
Shattuck FG(2).
Shell Un(1.40)..
Shubert The(6).
Simmons Cosy.
SimmsPet(1.60).
Sinclair Oil Cd.
Sinclair pftSl...
Sicily Oil(2)....
Snider Packg Co.
Snider Pkg pr.
So Por Rico(2)..
South Calf Ed. -.
South Diaries A.
South Diaries B.
South Pact6)...
South Ry(S)....
South Ry pf(5)..
SouRyM&O CTS (
Spang Chalfnt.
Spen kellogg 1.60.
Spicer Mfg.....
Spiegel Co a..
Stand Com TOD.
Std G G. L (3h).
Std q & e pf(i).
Std Milling 3D..
Std Millg pf(6).
Std o Of Cal(f3)
StdOilNJ (t1h).
StdOilNY(1.60).
Std Plate Glass.
Std San M(1.sS).
Stanley Co.
Stewart. Wart6)
Strombsrg (3)..
Studebaker(t5).
Studebak pf(7)..
submarine Boat.
Sun Oil (g1)....
Superior Oil.....
Sweet Of Am(1).
Telautogrph (1).,
Tenn Coppert1).
Tenn Cop (rts)..
Texas Corpn(3).
TexasG ulfSul(4)
Texas & Pact5).
Tap C&O(b2h NJ.
Tex Id Tr(newl
Thatcher Mfg.
The Fair(z.40)..
Third Avenue.
Thomp ] Rt3.60)
Thompson( rts)..
Tidewater AsOiI
WAsOilpf(6)
Tide w Oil pf(5)
Thinker Roll b.
T'0han prnN ray
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19
Linotype COMPANY
DIVIDEND DECLARED
OGDEN NJ. Reid Elected to
Executive Committee-Ex-
change Stocks Steady.
BY EDWARD c. STONE.

The directors of the Mergenthaler
Linotype Co. today declared the regular
quarterly dividend of $125 per share
and also an extra dividend of so cents
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19

The American Sugar Refining Co. will
supply its customers in Texas, Okla
homa and the Southwest with sugars
from its own refineries. President w.
Edward Foster has announced. The
company's arrangement with the Texas
Sugar Refining Co. for the refining of
raw sugar terminates next month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19

S. w. Straus g. Co.. offer today an
issue of 100000 Central Zone Build
ing New York City, tarst mortgage 6
Gates due February Is. l9A1. at par. s
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-19
Hourly Sales on N. Y. Market

1850 AM. 473.3O0 II m... 1865. 200
1857 pm. 2.l56.200 2:ls pm 1859, 900
Dividend rates as gwen in the above tanle
ere the annual cash payments based on The
iatest quarterly or half-yearly declarations.
Partly extra. Plus AZ in stock. Plus
IS in preferred stock. Plus lf2S In stocs
a faid this year-no regular rate. Pay
ape IN stock. Plus So in stock. Pay
stock. Plus l0a. in stock. Plus 60.
In stock; h Partly stock. Plus 30, In
stock. Plus 1J120 share quarterly in
stock. m PAYABLE lI1o share quarterly in
United Cigar. Stores common stock o Plus
u % in stock
Imperial Valley press., 1929-08-10
GOLF VS.. ARCHERY

DEL MONTE. Aug 10. U.Pi
An cHlsuai sports contest archery
versus golf-will be held on the
Pebble Beach links this afternoon.
Glenua Collctt and Jack Neville,
& hampton golfers, viii oppose Mr..
and Mrs. Phillip housewife Of
l'inehurat, n. c. champion archers.
Imperial Valley press., 1929-08-10
CHILDREN AND THE MOVIES

Dr. Harold E. jones, director of research at the
University of California Institute of Child Welfare,
recently made survey of movies and children and
drew some rather interesting deductions.
First, he learned that children who get low
marks in school have tendency to attend movies more
often than children whose school work is successful;
and second, he found that children attending the
movies the ofenest to exhibit Objectionable
character traits than youngsters who go only occasion
ally.
Offhand would suppose that here was a
prima facie against the movies. But DR.. Jones
isn't
It is not at al clear he declares, that frequent At
tendance at the movies is what child's poor
scholarship
For the most part" he says, going to the movies
is symptom and not cause; symptom Of interests
which sometimes healthy and sometimes unhealthy.
but which in any event are bound up with whole
social system and which cannot be radically altered
by censorship, by keeping the children home by
any single means of social correction"
The same, to somewhat lesser extent, is also true
of the relationship between movie attendance and
jectionabe character traits.
"The child with delinquent tendencies" says DE-
Jones' will attend certain sorts of movies form Of
emotional exploitation the movies may, some
tent intensity tendencies which are already there
Dr.. Jones remarks sound like good sense. Ii
child prefers the movies to his school work it may be
that the fault lies partly with the school.
Imperial Valley press., 1929-08-10
HARD TO REPLACE HIN

Randall Henderson of the Calexico Chronicle
having broken the ice hasten add our regret
the resignation of Coroner B. E. Lemons, something
that close personal friendship kept Us from doing
until some of fourth estate comrades led the way.
Burts (not Bert, Randa) resignation will be
keenly regretted by every newspaperman in the valley
for in him they had friend who too busy to
give them all the information possible on the many
cases he handled during the past six years.
The* have admired him, not only for his consid-
Grafton for scribes but because him they recognized
unusually high type of public official faithful
and conscientious in the discharge of the duties
nected with the office which the people had elected
him. and 100 per cent efficient.
Night or day. stormy pleasant be they persons
of wealth the lowest wanderer when the call came
for his services Burt Lemons has answered and seen
that the requirements of the law carried out.
Often have heard other newspapermen say
that it too bad the public did not know. and there
fore could not appreciate, the kind of they had
elected coroner
If every public official would show the same
falthfulness to duty, the regard for the rights of
the people, and the integrity in living up to his
oath, there would be less talk about the rottenness
and corruption of modern office holders If every
public official showed the degree of cooperation
with newspapermen, there would be several thousand
happy scribes in the country
Burt Lemons has been a credit to his office. a
credit to the people who elected him. and best of all ne
has been credit to himself. That choose to pay
public officials little that man of his high
type not afford to carry the jeopardy of his
private business, is a somewhat painful example
of foolish economy.
Imperial Valley press., 1929-08-10
LOCAL LEADERS :
OFF TO ATTEND
COAST MEETINGS

A number of prominent Ell Cen
trans were in attendance during
Friday and today at several i'm
portant meetings connected with the
civic development of the state. Pres
idcnt Jasper L. Travers, of the AS
sociated Chambers Of Commerce,
attended the bi-monthly meeting
of the California Development AS
sociation, held in Los Angeles
on FRIDAY, The California Develop.
mcnt Association becomes hereafter
the California state Chamber of
Commerce. the latter title having
Just been adopted.
Travcrs is Il member of the South
ern Regional Advisory Council of
the Development association, and Il
member of its highway committee.
During his inembency he has been
largely instrumental in, obtaining
state appropriations for roads serv-
ing Imperial County.
Leo IIetzcl, president of the FL
Centre Chamber of Commerce, and
also member of the Southern Re
gional Advisory council of the state
association, left Thursday to at
tend its sessions. He is 4 mcmbe
Imperial Valley press., 1929-08-10

found. With tts llp of Rf1-v and
Raymond M.Ke- who plays rhr
soi- ~ Jcrrr. q youHE engineer, the
villains ara foiled and all ends we'll
Froz River is "a talking
Tltaphono film by WmnH Fro-,
ritA Rin-Tiu-Tin doing his talking
in his own way.
"Ta- Woad If Women" an
M-G-M production. starring Lewis
stone Leila H9aa-. Peggy Myers,
George Eaaettt and others, is the
sunday night attraction. Briefly
ibis talls the story oi Garmap
composer Hofed for bis wonderful
music and his m8nv flir'ations, wh9
finally meets aHl u"rrics wom-
aa. oaly 10 have an old flame enter
hi. life.
His attcmpt 70 east off his wife
results IN her rious illness, OF
which the husband is ignorant.
WIZ hr learns Of it, he finds he
is too late and realizes the woman
h0 bas lost is the only woman for
him.
Imperial Valley press., 1929-08-10

H
of the statewide aeronautical com
mittee. Hetzel expected to attend
meeting at Santa Monica, today,
where will gather in joint sse,
sion members of the California Con-
ference on City Planning, the AS
sociation of City Planners of Los
Angeles county, and the Los An
geles City and County Engineer
Association. The important con-
ference has been called to discuss
the effect of new legislation upon
city and county planning, and prom
misses to be much interest to the
communities of the Southwest.
Attending also the joint meeting
of the city planners was Dorsey
G.. Whitelaw, FL Centre city attorn-
cv, who will represent the Ell Cen
Imperial Valley press., 1929-08-10

eiiv. Stay There until l come back
and ! VIII bring many Of your
friends TO rescue you from the Fox
and his wife,
"Thank you, spoke the rabbit.
"Aud please hurry For | think
that hungry Eos viii soon be com
ing back mere. lie will open the
stone door and pull me out and that
wi.l b.. the last Of me
"I'u hury,' promised the Squig
gle Bug and, having crawlcd out OF
the crack, away be- flew over the
fields and through the woods until
Dec reached the place in BugVille