davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
BIDDING Up STOCKS
MAY CUT EARNINGS
Bank Finds High Interest
Rates Act as Damper on
Foreign Buying.
ApecIal pispateh 70 the star.

special Dispatch 70 the star.
CLEVELAND, October 26.-One Of
the 'paradoxes" of modern business Is
that overenthusiastic bidding up Of The
stocks Of industrials may influence ad-
verSely the future earnings OF these
tndustrials, according to the Union
Trust Co.
This has happened in the past year
the bank believes, through the tendency
OF the American speculative fever to
cause interest rates to rise the world
over, with the result that it has become
increasingly difiicult for foreign buyers
to finance the purchase OF goods IN this
country.
Prom a purely domestic standpoint,
the outlook for the coming Winter o.
pears to be a satisfactory one-but t6e
outlook for business in this counl9
can no longer be judged upon a purely
domestic basis" says the bank. "Of
recent years we have become a Nation
with an eXportable surplus OF manu-
featured products. Under our present
system of mass production, mass distrt-
button and narrow profit margins. we
must dispose of this Surplus in foreign
markets II our current profits are TO
continue.
Foreign Markets Involved.
Throughout the present year the
over a period of time was destined in
evttably to affect our foreign markets
adversely. The outlook for 1880, there
fore, depends in no small respect upon
the effect of the credit situation upon
the prosperity of the countries to which
we sell our surplus of manufactures"
The bank sees no more coincidence in
the fact that. at the same time that
the British iron and steel industry
Slackened due to the rise Of the bank
rate, a decline in American automo-
tive experts set in at the end of the
Summer. It gives three reasons for
this occurrence:
'First-Following a period of excep-
tional prosperity in this country, there
arose a speculative enthusiasm which
drew more and more money and credit
INTO the New York money market.
"Second-Thc flow of capital and
credit away from foreign countries and
toward New York has tended to increase
interest rates in those countries, and
has made it more dif1cult for the in
dustries of those countries to obtain
at home or in this country the credit
necessary for the financing Of their
businesses.
"Third-This shortage of credit is an
influence pointing toward a falling of
in industrial activity and prosperity
in foreign countries, which in turn al
Versely affects their buying power"
Business Now Satisfactory.
"In spite Of declines in building, auto
mobiles and STEEL" the bank says In
summary, the general volume of busi-
ness bids fair to be reasonably satisfac.
tory throughout the balance of 1929
Unless the credit situation Is corrected
1t will adversely affect our sales abroad
and slow down domestic industry. At
this writing, however, it appears prob
able that the necessary adjustment will
prove to be a gradual one, and as the
business structure of the country is
basically sound. should not present seri-
Gus difhculties TO industry and trade"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27
STRESS PUT ON VALUES.

NEW YORK. october rs Especially
1t cannot be emphasized too strongly
that, in selecting stocks for purchase, or
in deciding whether a given issue al.
ready held should be sold or retained
value rather than price should be the
sole determining factor, says the Stand
ard Statistics Co of new York in its
current review of the market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27

REYNOLDS stockholders also voted to in
crease the common capital stock Of their
company from 100000 to 100000
shares. OF the additional stock. 247,6l0
shares will be offered to stockholders
of the company on the basis of one
share for each two shares held at the
close of business on October 81. The
price to stockholders on the basis of
one share of new stock to each two
shares held Is $3.50 per share. The
rights expire November 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-27

try at least 100000 shares changed
hands: also odd-lot transactions on
the New York Stock Exchange not APP
pearing on the tape readily would total
/ zoo, 900 shares or more.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
No National Church,
Boston Cardinal Says

Boston, Feb. II (CP)-Wllllanl
Cardinal O'Connell. dean OF tn"
American Catholic hierarchy, cello
brated solemn TIE Deum at the
cathedral of the Holy Cross here
Yesterday in connection with tn"
settlement of the Roman question
Discussing the accord reached be
tween the Holy See and the Italian
government, his Eninence declared
that the Catholic church ''can nev"r
be a nltional church in any sens"
except that all nations are entitled
to impartiality and to equal love
and care"
ITO depart from this idea Car
dial D'Connell said, would be to
, depart from the concept of Chris
tianity in its very foundation. 1t is
the very nature of things that there
should be a continual effort Oh the
part of all kings, emperors, nations
and races to attempt to influence
4 and even TO seize the headShip OF
! the universal shepherd, who was The
! guaranty of unity as well as of uni
versatility"
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
cheney DISCUSSES
SILK MEMS NEEDS
"Catch All" Clause Is Con.
demnM at Tariff Hearing

Washington, Feb. II R-Declar-
ing from production started IN
war times and in fear of increased
imports, Horace b. Cheney, of New
York. today recommended TO this
house ways and means committee
various changes In silk tariffs to pro-
tcct domestic manufacturers.
Cheney. who is chairman of the
legislative committee Of the Silk AS
sociation of America, comprising so
per cent Of 242.0OO persons employed
in the trade. complained particularly
of an ad valorem catch ALI clause
In the paragraph applying specific
duties on spun silk. He asked that
the specific rates be increased to the
level Of protection intended by the
ad valorem minimum rate.
The ad valorem rate is based OH
foreign valuation and Cheney said
this was difficult to obtain. lie said
the French government had demand
ed the withdrawal of American spe-
cials agents and had requested that
|
continue asking embarrassing
questions regarding French produc-
ton costs.
This attitude. he added. had also
been adopted by other nations, in
Guiding Japan and China. As re-
suit, he asserted. the foreign valua.
ton system under the present tariff
|
In,lustry's Proposal
Cheney said the silk industr,
would propose that the valuations b.
based on the selling price of for
eign articles in the United States
less the tariff. He recommends.
also that the SIS per cent duty OF
woven sil kfabrics which go int
women's dresses be transformed int
specific duties aEd that higher rates
be given jacquard silks and silk rib
bons and labels.
Cheney propC sed an increase to n
per cert in the 60 per cent rate OF
silk clothing and special definition
of rayor in the tariff. This silk sub
stitute, which the witness said ha'
upset certain phases of the sill
trade. row comes in under the arti
fetal SILK paragraph.
The aInand for spun silk. Chent
said. had decreased since rayon ha'
become popular. but he said tn
scramble for business was tremcn
dous AMI manufacturers were sellin
at cost of production.
Wages in the trade in France
Italy and the Orient were listed a
grom one-fifth to one-seVenth
those in the United States.
Under cross -examination, Chenr
said the trade was consulting VII
I government departments as to nov
far it could go In limiting produc
, ton as a means Of solving the over
PRODUCTION problem.
It would be the best thing ina
! could happcn, he said. if the teA'ii
industry could cut production b
one-third.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
psf. C0Rb|N|TES
|. Observe BIRTHDAY
2Sd Anniversary Of Club Cele
bratM at Elm Tree Inn

The 23d anniversary of the
founding of the y. e. +. Corbin club
was celebrated Saturday with a BAN
1uet at the Elm Tree Inn. Fcatur-
ing tn, event we're talks by General
Manager G. Il. Parsons, Club Presi-
dent Harry e. Jackson. General
superintendent Frederick G. Haus-
mann and W. j. Sorrow.
Shortly after o'clocH the mcnl-
hers of the club heavily disguised by
false moustaches and boards. board
I'd the buses for the Inn. After the
banquet an entertainment furnish
ed by an entertainment bureau, was
presentc I.
The committee in charge consist
cd Ct Duncan Shaw. chairman: X.
A. Bergman, NJ. G. Allen. Charles
y. Quigley. William Bentley. William
Hausmann, and Leon Jackson.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
WARRANT OUT FOR
HARTFORD LAWYER
Esan Charged as Accomplish Of
Watkins, Convicted Broker

Hartford, Feb. II R-A bench
warrant for the arrest of ATTORNEY
William +. Egan of this city was is
sued in superior criminal court to-
day on order of Judge Marvin.
t,gan is charged with aiding In the
committing of high crimes and mis-
demeanors by his client. Roger w.
Watkins. former Hartford broker.
The latter is now serving state
prison term of from nine and one
half to fifteen years for conspiracy
to defraud and fraudulent state
mcnts to the state bank commits
sioner.
He organized the National Associ-
ated Investors, Inc, in which sew
eral men of political prominence IN
the state were officers and directors
and in which several hundred Con-
necticut persons lost many hundreds
of thousands of dollars.
The bench warrant was requested
by States Attorney Hugh NJ. Alcorn
Immediately after the special grand
Jury which has been investigating
the Watkins financial activities re-
ported to the court and was dis
charged.
READ HERALD CLASSIFIED ADS
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
Banished SchOOlmaster
To Lecture on Mexico

Phlnnor Edder. a schoolmaster
who has been banished from Mexico.
will deliver d free lecture at $500
o'clock Thursday night at the Y. NJ.
T. A. 4 r. society hall on Main
street on Present Day Conditions In
Mexico and the Outcome Of the Re-
ligious Question"
lie was for some time a teacher
in the Rosales institute in I4inaloa.
Mexico. He is a Catholic and in the
eyes of the Mexican authorities 10 a
foreigner in Mexico because he was
born in Porto Rico. When the pres
ent laws governing education in the
republic to the south were passed.
Mr.. Edder was required to leave the
country.
He claims that the leading Mexi-
can Catholics believe that Jose de
Leon Toral was innocent OF the MUIR
der of President elect Obregon OF
Mexico for which Toral was execut-
ed Saturday
He contends that because Of the
suppression OF news In Mexico. the
correct details Of the crime have
never been given.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
SIX MEET VIOLENT
WEEKEND DEATHS
CONTINUED from First Page)

in the hand OF young man on
Mount Lamentation in Meriden. His
identity had not been esta blished
late today
Authorities state that death had
occurred four or FIVE weeks ago. The
only means Of tracing the person u
through an express receipt found on
his clothes. 1t was issued to r.
Millr at New Haven and the bag
gage sent to a Mrs. Miller in Wilkes
Barre. Pa. Two boys on a hike made
the discovery.
Seaman's Body Found
An all-day search for Frank
SchilUny in New London ended with
his body being found in the harbor
1t il believed he accidentally met
his death by falling off a traUler on
which he was employed.
Those who took their own lives
were Thomas G. Biggin Of Union
New Britain. who died Saturday
after having jumped from win.
dow of her home week before
Rggin. who for many years was ar
official in glove manufacturing
company was found by members Of
his family hanging in the cellar o.
his home
The three critically injured are II
hospitals with possible fractured
skulls and internal injuries.
Andree l.. Hess ran his machine
into truck when it is thought rair
obscured his vision. Adolph Hartuni
received his injuries when thrown
off balance while a truck he wa
riding on took a curve sharply
olasky was run down by a machine
driven by Harold V. Soaring o
bridgeport, who is charged Will
reckless driving.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
GRAND JURY HEARS
CASE against rice
(Continued from First Page)

swearing in Of the grand jury no
one was admitted 10 the building
unless he or she had been called
as witness or had business with
the court or the officers.
Ten minutes before the court
rooms were opened to the crowd
and in a few minutes the court
room was damned.
BY this time the entire panel OF
grand jurors had been assembled
and when Judge Jennings took his
seat and court was opened the tales
men filed in under direction of
Sheriff Gates.
Rice Is Stacked
Rice came from Jail in an auto
mobile handcuffed to another dep
uty. In car which followed where
four other deputies. The prisoner
was taken TO the court room.
The witnesses were also escorted
into the room, Mrs. Jackson being
with her daughter, Juanita
When court had opened the clerk
read the roll. The grand jurors ac-
cepted follow:
Clarence X. Barlow, farmer, Ash
ford; Oscar +. Atwood. town clerk.
Brooklyn; Frank D. Spaulding, liv-
eryman. Brooklyn; Christian Kerr.
! farmer. Canterbury: Clinton Frink,
merchant. Canterbury: George A.
, Reed, retired. chaplin: Archa $.
Walker, merchant, Eastford; Jesse
l.. Burnham. farmer. Hampton; Sa-
bin s. Russell. lawyer. killingly:
Henry 8. King. merchant. Plainfield:
Alfred ID. Briggs. farmer, Pomfret:
Edward i. Perry. farmer, Putnam;
A. A. Broduer. merchant, Putnam:
James II. Johnson, retired. Scotland.
Irving f. Frink, mechanic, Sterling:
Frank NJ. Knight. retired, Thomp-
sonville; Robert o. Snow, clerk,
Windham: Ewart G. Healey, farmer,
Woodstock.
Served In "lcc Box" Case
Several of these jurymen served
on grand iuries which found indic,-
ments in the lice box bandit" and
Lorella murder cases.
Judge Jennings addressed the Jury
and defined to it the various de-
grees of homicides. He said that
in this case suicide had been
eliminated as cause Of death, and
there was appearance of first de-
gree murder having been commi:
ted" lie said that twelve of the
eighteen jurors had to agree in or
der that any Indictment might be
returned.
The court said that Rice would
be in the grand jury room and had
the right to question witnesses but
r had no right 10 offer any evidence
in his own behalf. The jury had
, authority, the court explained to
, bring in "A true bill against any one
, else who might be found to have
had part in the homicide.
The Jury could ask for instruc-
lions in case il found anything IL
t the case of which it was in doubt
, The jury then retired.
7 The court room remained packed
with spectators. Captain w. j. Jar,
Wis of the Putnam police had six Of
finers on duty and the court room
itself Was under clIard OF deput,
shcritfs.
l The first four witnesses callei
% were Or. H. \. Costello, medical OK.
= amIn"r Hartford, who viewed h,
e body of Jackson and held an autop
g ~ in the absence Of DR.. Louis |
q Mason of WilIinautic, Henr,
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11

tary Grand representing the state
Then came the solemn moment
when Cardinal Gasparri signed the
historical documents followed by the
premier.
Rome Prints Extras
Rome newspapers appeared n
noon with the first word of the &C
cord which they had printed thus
far. In special editions the papers
varied their usual conservative
headlines with seven-coiumn display
heads. They contented themselves
however, with merely printing the
oficia. announcement together with
quotations from Osservatore Ko.
mano and did not give any details
of the agreement.
With serried ranks, theological
students, barring their heads, sang
the TIE Deum under the rainy SIX,
, and a hundred black-shirted militia
shouted the fascist battle cry In
honor of the momentous scene be.
ing enacted within the laterar
palace. The crowd. numbering al.
most 1000, watched the entrance
and exit of the plenipotentiaries
but the arrival OF both Carolina
Gasparri and Premier Mussolin
was made SO swiftly that the on.
lockers could scarcely catch theil
breaths. When they left. however
the crowd roundly cheered them.
All Over In Half Hour
The actual signing by the cardi'
nal and the premier took about 2.
minutes. The populace below waited
in the rain in the hope that the
cardinal and the duce would come
to the big balcony overlooking the
lateran square to receive theil
plaudits, but it was in vain.
i The ceremony was marked by
cordially on both sides but wa.
businesslike in its execution.
So well ordered was the crow6
that only 100 militiamen and two
platoons of caribinieri were needed
to handle the crowd. many O.
whose members came from every
corner OF the earth.
Just as the plenipotentiaries were
about TO affiN their signatures. tn,
great bells of st. John lateran, 9TH,
mother church Of Christendom,
pealed joyously announcing ito thu
city and world" that the old differ
ence Of 1870 had finally been settled
II Duce Gets Gold Pen
The gold pen with which thu
agreements were signed was pre-
scented by Cardinal Gasparri t,
Premier Mussolini. who thanked
him, and said he would keep i
among his most precious posses
sions.
The cardinal, premier and othe
principals signed the visitors bool
in the museum in a special page il
Eliminated for tho occasion.
After the three treaties had beer
signed, the seals were placed upol
them and the documents enclosed
I in a case of red damask.
/ When this had been concluded
the party spent some time inspect
ing the museum which contains nu
merous articles from the missionar,
field.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
Polish Social Season
Ends Tomorrow Night

The lid of the pre-Lcnten social
season in Polish circles will close
with a series of balls and dances
this evening and tomorrow.
The high-lights of the closing days
are the charity ball to be given to-
morrow evening by the Polish Ju-
Nor League at Norden's bungalow
on Arch street, and the annual
"Doughnut Ball. of the st. Elizabeth
Dramatic circle of the Sacred Heart
parish. which takes place tonight in
the circles clubrooms on Orange
street.
The Children Of Mary sodality OF
Holy Cross parish will close the sea
son with a ball tomorrow evening at
at the Y. NJ. Il. A. II. hall, the pro
ceeds of which will so towards the
parish.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
Mrs. Hancock to Sing
From VIRGO Tonight

Tonight at 3 o'clock. Mrs Horace
Hancock, formerly OF New Britain.
and Miss lIei.n Gauntlet Williams
VIII render a program OF singing
TIN ouGh radio station WUIEt Mrs
Hancochs maiden name vas Miss
Frances Water.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
Makes You Look
Years Younger

The skin of youth lies in every box
of new wonderful MELLO-GI.O
Face Powder. The purest powder
made--its color is passed by the
L. S. Government. No pastiness.
flakness or irritation. A new French
process makes it spread more
smoothly and pre- cents large pores.
No more shiny noscs-it stays on
longer. Use MELLO-GLO,
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
REPORTS SIG STOLEN

The police are investigating Il
complaint by William GaStt + "a
Homestead avenue 10 SupernunI"s-
airy Officer John kranzit that has
poc ketbooE. containing s2s and
Va Iu1hl" papers, VAS stolen cut nf
lis coat in = cloakroom AZ y. N. T.
\. & Il. Society hali on Main street
Saturday night.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
Black Hops Off on
CapetOWn Flight

Croydon, England. Feb. II Pj-
Van Lear Black, Baltimore pub
Usher, started at $50 this morning
in he direction of Marscillcs, France
on a flight to fapetoWn. South
Africa. The weather was cold and
clear.
His plans called for numerous
stops en- route. The trip is being
made to demonstrate the feasibility
OF such trips with a view to better
rtg und standings between nations
and widely separated sections.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
NEUTRALITY-SUSPICIOUS.

Miss Catherine Mcmahon. dauGh
ter of Mr.. and Mrs. Michael Ne
Mahon Of ireland. became tn
bride Of Winslow g. Merritt Of tai
city on last Tuesday morning at d
Mary's church. The ceremony Va
performed by Rev. Walter J. Lyddy
The bride was attended by her ~
ter. Miss Mary Mcmahon. The bss
man was Patrick Mcmahon, brothe
Of the bride.
The bride wore q gown Of whit
satin and a tulle veil. She CARRIE
a shower bouquet of roses and lille
of the valley. The bridesmaid Wa
dressed in nile green with hat I
match and carried a bouquet
pink roses
After the ceremony. q receptio
was held at the home OF the bride
aunt, Mrs. P. Winters Of IS Frankli
street. Mr.. and Mrs Merritt lei
later in the day on an unannounce
wedding trip and upon their retur
will reside at SS6 Stanley street.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
LEIST-WALSH

Miss Gladys +. Walsh, daughter o.
Mrs Charles 8. Gross Of 1853 Hart
ford avenue. and Edward N. Leist o
50 Hamilton street, will be marie,
this evening at $3.50 o'clock in tht
rectory of st. Peters church
Charles Fuchs will oniciate. Mis-,
Sophie Walema will be maid o
honor and Charles Leist, brother O.
the bridegroom. will be best man.
The bride will wear an orchit
cocktail ensemble with hat to mattel
and carry . Colonial bouquet. Mis-
Walema will wear . tan crepe On
ssmbls with hat to match and carr,
pink roses.
After the ceremony = reception 70,
the immediate families will b hslt
at the home OF Mrs. H. Charland
MIR. Leist's sister. on Hamilton street
The couple will reside Ut - Ham
ilton street following . wedding trtl
to New York and Warrington. d. G
Mr.. Leist 10 . mechanic Ut tA'
White Oak Quarry. Mlss Walsh Y
employed by the Parker Shirt Co.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
REINDEL-KRITCH

The wedding Of Miss Mary b
kritch, daughter Of Mr.. and Ars
Joseph kritch Of Smalley street. ant
Walter c. Reindel. son Of Mr.. ant
Mrs. Michael Reindsl Of 13s Chap,
man street, took place Saturday
morning At 10 o'clock ut the ukraa
ian Greek Catholic church.
Miss Emily Reindsl was maid o
honor. Miss Mary Ksrslyza. brides
maid and Helen Bardsli. dowsr girl
The best man was Wallace d. KNAPP
and the usher, Steve Patrylo.
Mr.. and Mrs. Reindsl left ea {
wedding trip and upon their return
will reside at los smalley street.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1929-02-11
CUNN1NGHAN-RALrH

Miss Cecile Ralph of Within
street and James Cunningham Q
Maple street. Plt,invllle, were mar
ried this morning at 10 o'clock =
st. Joscph's church. Rev. John +
Donohue, performed the INITIAL cerc
mony and officiated at the mass.
They were attended by Edwar
Ralph, brother of the bride. as bes
man and Miss Catherine Cunning
ham, sister of the bridegroom. q
bridesmaid.
After a wedding trip. Mr.. an
Mrs. Cunningham will reside !
Plainville.