davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
CURB STOCKS OFF
. IN LIGHT TRADING
Oils, Utilities and Aviation
Issues Show Small
Declines.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, May 8.--In a session
that was marked by singular lack of
demand, curb stocks eased off today.
Volume was very light and there was
no kreat amount of selling to account
for the lower trend. but stocks did not
display either resistance to the decline
or ability to rally when moderate buying
did make its appearance. Just before
noon a mild period of recovery set in
but prices improved very slightly.
Cities Service, continuing its leader
ship of the market, started with a
l5.6o0-share deal at 34I. off frac-
tionally. Later the decline was widened
and then small part of it was re-
traced. Other oils, however. did not
manifest the same degree of resistance.
Gulf Oil Of Pennsylvania went below
$50 again and declines of one or more
points were the rule in such stocks ~
Humble Oil, Vacuum Oil. Standard of
Indiana and Houston Oil
As has been the case in most recent
market sessions, the heaviest volume
was in the public utilities. Electric
Bond & Share opened on $1,000 shares,
off nearly a point. 1t fell 3 points in
early trading, but retraced part of the
loss. Associated Gas e. Electric, Ameri-
can Gas SS Electric, American & For
elRn rover warrants, american super
power, Brazilian Traction, Common
wealth Edison Eastern States Power
''B." Middle West Utilities and Empire
Power all dropped below Wednesdays
closing levels.
The aviation group was no exception,
the only stock to make gain being
Douglas Aircraft. which is still affected
by improved earnings reports. In the
motors Ford Limited was off. General
Motors new preferred sold at its pre-
vious high of the year. Industrials
sagged in dull trading, led by Croker
Wheeler and Aluminium Corporation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
MONEY RETURNING
TOSTOCK MARKETS
Business Interests Declared
Still Cautious in Plans
for Expansion.
BY ]. c. ROYLE.

Estimates of the amount Of money
available for business today seem to
depend on which side of the bank
counter the estimator is on. Treasury
officials and bankers in some centers
say there Is an ample supply of money
at a low rate. Merchants, industrial
lists and others who want money say,
TRY to get it, The situation seems
to impartial critics to show that ex-
treme caution is being exercised by
both borrowers and lenders.
Treasury officials say the failure OF
commerce and industry to take sdvan-
tage of available funds was responsible
for the drop in the New York Federal
Reserve rediscount rate to 3 per cent,
equaling the low point for all time.
Industrialists indicate that when they
come to the banks and ask for this
cheap money the bankers are inclined
to doubt whether the expansions for
which the money is sought are justified
under present conditions. Treasury
officials say that undoubtedly greater
inducements must be offered industry
in order that it may move forward
briskly.
Bargain Hunters Active.
There is small doubt that money is
moving back again into the speculative
markets 1t is believed here that the
recent reaction in stock prices is re-
suit of the unfortunate position in
which some of the leading interests,
especially the copper mining industry,
find themselves technically placed
rather than reflection of general bust
ness conditions.
Bargain hunters are abroad in both
the commodity and stock marekts.
buy unless most advantageous prices are
available. 1t is reported in Government
circles here that the drop in copper,
for instance, was not followed by addi-
tional buying by consumers. On the
other hand. consumers felt that they
could buy copper when they wanted It,
in view of the heavy supplies, and buy
it at about their own price.
Similar conditions have been mani
fest in stocks. Some investors have been
doing little more than window shopping
as yet. AS technical positions readjust
themselves real buying may develop. II
there is another orgy of speculation
the Federal Reserve Board may again
have chance to put into effect its
policy of direct pressure on the Fed
eral banks, which, it said in the annual
report, had been efficacious in 1929.
One effect of the discount rate re-
NuNIAOtlo Has bcNIl dI1 Improvement
the position of some corporations
through the refunding of debts. Many
concerns had security issues outstand-
ing which carried high rates of inter-
eest. These in many instances have
been refunded at the present rates. re-
sulting in large saving to the COM
panies.
Investment Buying.
The country as whole has been
most receptive to the stable, safe, long
time investment issues. Bond offerings
from January to April 80 totaled over
$500, 100000 more than for the first
four months of 1929. This indicates a
solid belief in the future of industry.
Apparently what investors dread most
is the sharp fluctuations that might be
occasioned by the present psychological
trend of public sentiment.
Copyright, l930)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
GIANNINI F0RESEES
BRANCH BANK SPREAD
Financier Tells House Committee
Modern Trend Cannot
Be Stopped.
BY the Associated Press.


The prediction that nation wide
branch banking is coming and you
can't stop 1t" was made before the
House banking committee today by A.
P. Giannini, organizer of the Bank of
Italy and the Trans-America Corpora
ton.
You can't block economic progress"
he said. In these days of rapid COM
munication and transportation, the
little communities are drying up"
Giannini testified in the committees
study of banking two days after re-
tirement from active participation in
the organization he built up from
small district bank in 1904 to be one
of the country's largest financial insti-
buttons.
Contending that the automobile, food,
theater and other industries were OPP
Grating on nationwide basis, he de-
manded:
why not nation wide banking?"
eff you have nationwide branch
banking you will get away from this
Wall Street bugaboo we hear so much
about" he asserted. explaining his be-
lief that branch banking organizations
would be developed with head Offices in
many different parts of the country,
and not necessarily concentrated in
New York.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
NEW SECURITIES
NEW YORK, Nav q LP-New

NEW YORK, May (P)-New secu-
rites offered today include:
Westchester County, N. Y, $19,775,-
600 Y per cent bonds, to yield from
$50 to 4.05 per cent, by syndicate
headed by Chase Securities Corpora
ton.
Crucible Steel Co, $4,000, 900 S per
cent debentures, priced at 99l2. by
Chase Securities Corporation and Mel
lon National Bank.
City of Tacoma, Wash, Electric Light
&, Power, $3.50, 600 Al per cent bonds,
priced to yield 4.80 per cent, by Banc-
america-Blair Corporation and syndi-
cate.
Iowa Southern Utilities, $2500,00
s per cent debentures. priced at 80. by
w. c. Langley & Co. and Halsey, Stuart
g. Co.
National Tea Co. $4,000, 900 per
cent notes, priced at 90, by Foreman
State Corporation and syndicate.
Harrisburg Gas Co.. $2,200,000 S per
cert bonds, priced at 99l2, by Drexel g.
Co. and Bonbright g. Co.
Standard American Shares, trust
units, by National Republic Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
NEW YORK COTTON

NEW YORK, May Especially Cot
ton trading started in at a higher pace
today, with distant crop positions show
ing the greatest gain. Close to 50 a
bale advances were made in December,
January and March positions. The
trade. the Continent and Liverpool were
buyers. while the South and the local
speculative element sold.
Opening prices were: May, 1885. up
10; July, 1913, up 7; october, old. 14.67,
up Is: October. new, 1850. up "a; De-
cember, old, 1896, up IT: December,
new, 1853, up ga January, old. 1900,
up Is; January. new, 14.75, up SO, and
March, 14.95, up 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
INTEREST RATES.

by UTE AeSUVIdItU FIFhs'
Collateral interest rates at principal
money centers Of the country continue
to average slight recessionS, both in the
time and call markets.
Latest figures submitted to the Cen
Sus Bureau of the Foreign and Domestic
Commerce Department are as follows:
Week ended May 3-1'ime, 4l4Go; call,
3a4 q.
Previous week-Time, 4a4oc; call, 40
Same week last year-Time, 8as Co;
call, 111s6.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
GRAIN MARKET

CHICAGO, May Especially The
wheat market had a weak tone today,
rejecting the decline in the stock mar
ket. July and December sold at new
foreign connections were principal SELL
ers. May opened 1.001a. July lois to
1.00as, September 1.0334 to 1882. After
first half hour May 1.003s, July 1904,
September 1.0334.
Corn was irregular with shorts cover
ing in May. May opened 80A, July 81l4
to 81ls, September 81 to STA After
first half hour May 80is, July 81h,
September 8la4.
Oats were easier with wheat. May
opened AIS to Al =, July 403s, Septem-
Der 1894 After first half hour May
AZ. July 4034, September 1924.
Provisions were higher with hogs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
POTATO MARKET.

CHICAGO. May Omitted States De-
partment Agriculture Potatoes, SO;
on track. 296; total United States ship
ments, 300; old stock. trading slow:
market about steady; Wisconsin sacked
round whites. 2.40a2.60; Idaho sacked
russets, 3.45a365; few, 325: New York
trading good, market steady: Texas
sacked Bliss Triumphs. 355a375: Ala
bama sacked Bliss Triumphs. $40;
Louisiana sacked Bliss Triumphs, 335a
$40.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
U. S. FOREIGN TRADE
DECLINED IN MARCH
European Buying Slump Is Re
fected in Export Total
for Month.
By the Associated Press.

A reduction in European buying dur
ing March, as compared with the same
month last year, proved to be the larg-
est item responsible for reduction in
American foreign trade that month, in
Commerce Department figures on geo.
graphical trade movements released to-
day.
Though the European shutdown In
purchasing was the most notable, both
export and import trade, with all the
grand divisions of the globe, we're shown
to be affected by the same trend.
Figures which follow give exports and
imports for March by grand divisions.
in comparison with those of the same
month last year:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
INSTITUTE MEMBERS
TO ELECT OFFICERS

Members of Washington Chapter.
American Institute of Banking, start
balloting at O'Clock this afternoon for
officers for the coming year.
Some interesting contests are in pros
pect. The polls close at 8 and the bal
lots will be counted at once.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08

Silk hosiery exported from this coun-
try in 1929 showed an increase of per
cent. both in quantity and value, over
the previous year.
Shipments gained from 500 ,3l4 dozen
pairs, valued at $9,657 ,498, in 1928 to
o2l ,lls rirZen, valued at $9811 asa, in
value, women's full fashioned hose COM
prised approximately $50 per cent;
mems, s per cent; women's seamless,
So per cent, and children's the remain
der.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
TREASURY CERTIFICATES.
FOREIGN EXCHANGES,
furnished by W B. Hibbs q Co.
Nominal gold Selling checks

For the fourth time boys of South
Africa recently won the Kings Trophy
for miniature rife shooting, open to all
boys in the British Empire, Canada
being second. y
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
TRANSACTIONS ON THE NEW YORK CURB MARKET


NOTE-The New York Curb Market 10 operating
daylight saving time.
Notice-AH stocks sold in hundred share lots
excepting designated by the letter (65s (2SS)
which shows stocks to be sold i'm odd lots only.
-previ StockA and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08

Adelphi Theater, erected in London
in 1906, and the scene of the murder
of William Terriss, the famous actor, in
1897, Is 4ing rebuilt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08

Canada was the best customer of the
United States in March and received
soc, 565,366 in exports from this coun-
try, as compared with 500 633, so5 in
the same month last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08

Iceland is shipping frozen meat to
other countries.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-08
STOCKS.
BONDS.

tcopyrirht, 1890. Standard Statistics Coz
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-31

moved, and she will be completely rebuilt and
fitted with novel apparatus for the expedition
For the North Pole trip there will be an
operating staff of IL and scientific staff of
6. Two of the submarines four torpedo tubes
will be turned into powerful focusing search
lights and the other two will be used OBJ
servation windows. She will also have a de-
compression chamber through which men can
emerge in diving suits even though the vessel is
far under water. televiSion tranSmitter as
well the usual radio sending and receiGing
sets will be carried.
Little danger is anticipated from ice pro-
iecting down into the water There no ice
bergs of any great size in the Arctic. Large
pressure ridges have been observed only near
the coast; the deepest go not more than 100
feet below the sea-
OVEN if they are encountered, the submarine
can easily descend and pass under them.
Even If they are not observed in time and are
hit full on the reinforced how will protect the
ship from damage.
DR.. Sverdrup says the bottom of the ice field
Is very much like its surface 1t Is rough but
only to the extent of small Irregularities be-
meath which the submarine will be able to slide
easily. The deepest projections of ice along
the route of the submarine are not expected to
exceed 80 feet while its average dpth is
thought to be only 10 feet.
Unlike all other Arctic explorers, it WIN be
the problem of the men in the submarine to
keep cool rather than warm. The electric
motors and Diesel engine will run up the tenn
perature well above that of the water outside.
The modern Diesel engine. which is very
economical and burns crude oil, makes this
expedition possible Sir Hubert says. He has
had the trip in mind for more than IS years,
waiting for the present development OF this
type of engine
The ship viii cover the least known part of
the Arctic, travelling In a straight line FROM
Sptsbergen to Alaska. The distance is 1900
miles but it may be that only 1000 miles will
lie through ice fields. In the Summer the ice
pack occasionally retreats 400 miles north of
Spitsbergen Comdr. Danehower points out,
and tourist vessels that promise to show their
passengers Arctic ice must travel this far north
to fulfill their contract.
Two hundred miles north of Spitsbergen is
well within the eighty-second parallel of lati-
tude and only about 500 miles from the Pole
Continued on TtOeNty- second Page
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-31

Of ice7" Sir Hubert asks. But drilling and ice
saving may be entirely unnecessary, even IN
emergency Probably the best way to break
through the ice will be to send divers from the
submarine with explosives These heavy
charges will be attached to the bottom of the
sheet and set off from distance by electricity
to tear gaping holes in the thickest foes.
The submarine O-12 of the U. S. Navy, which
has been on the de-commission list for four
years and is now IN the back channel of the
Philadelphia Navy Yard will be used for the
expedition. She has been chartered by the
U. 8. Shipping Board to Lake and DanenhoVer,
Inc. for 81 o year This firm viii remodel the
vessel for Jnderice service. The first named
partner is the inventor, Lake whose fll1m built
the OLD In 1916 and 1917 %"
The Ola is a small vessel rs modern sub
marines go, having a surface displacement Of
$50 tons Most submarines built In recent
years displace 9,oOo tons and more.
The cruising radius of the submarine on the
surface Of the water Is 5000 miles with nor
NAL supply Of fuel and $500 miles with em-
ergency fuel Submerged she can travel only
miles at full speed and rs miles at
knots. But when stripped Of her nghting
Uqaipmsnt and after her engines have hsen
reeonditioned abe will be able TO, travel at
least ISS miles under water and her speed
) VIII be stepped UP.
v9 IN the Navy the O-i2 carried one ofacer
and 30 enlisted men. she mounted q three
fnch gun and had four torpedo Tubes. l7er
length 10 176 feet, greatest breadth q little
more than i0 feet and maximum draft neaxiy
u feet. The fighting equipment w1I1 DO re-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-31
Polar area, from Spitzbergen 60 Alaska.
|IL whether there is an Arctic continent

When all the water ballast is pumped out, the
upward force of the submarine exerting a
pressure of $50 tons, should then be able to
tear through the soft Summer Ice, Sir Hubert
believes. II Is not thought that the soft Sum-
mer ice sheet can stand an upward pressure OF
more than u tons.
But this fails, circular Saw win cut an
opening above the coming tower, and COM
pressed air win blow away the looeened ice, or
electric heating units will melt the core. Then
the telescope tower win be extended 10 the sur
face so the men can come out on the Ice and
bring scientific apparatus with them.
- IA addition, there are to be several seven
inch drills and smaller tWo-inch drills with
which the surface can be reached str Hubert
explains. Through holes made by the1f drills
air win be brought the engine for rechaEgtng
tine batteries - the submarine can begin an
! other trip OF mare than 100 miles without com
Amg up. But % It. b desired % take OhDeTva-
taUns nc that pnAnt the hoaes win be nIled with
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-31

|etailed Plans for the
Month Undersea Dash
to Alaska, Together
EWhat Scientists Hope
Eg AdOenture Scheduled
Make, Sir Hubert
|0an Danenh0zUer and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-31

crOSS the top OF these ttoo pages shows
IL tUiH be ren,odeled for the Wilkins
ProbIem Of keeping cool in the arctic.
HUidth Of Is feet 9 inches. 1t is "a feet
coming tO,oer hatch. Surface speed is
speed about 10. The maximum range
u capacity for the Diesel engines IO,O94
E top wiH roll along the bottom of the
hen open tUGter is reached. The drills
citrate to the surface il no open Uater or
+enz.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-28
Your Baby and Mine
BIZ MYRTLE MEYER ELpRED.

With the best intentions in the world
of wanting to nurse the baby, the
mother not infrequently finds herself
incapable Of satisfying the two or three
weeks old mite. At this time the care
Of the baby has been thrown on the
mother, and even If she has help there
is always a certain responsibility that
wears on her, tires her out, makes her
sleep and eat poorly and affects her
ability to nurse the baby.
This is often just transitory period,
but meanwhile the baby is screaming
from hunger and this in no way adds
to the mothers placidity.
Complementary feelings are exceed
ingly helpful at this time and this
addition of one or two bottle feelings
following a nursing that is inadequate
does not affect the milk supply and
later on it is possible to discard the
bottle etirely or use 1t occasionally as
a relief feeding.
Complementary feelings are given
directly after nursing, not between
musings. They are usually of milk,
water and sugar, and are designed to
supplement the inadequate breast feed
ing. For those who are in doubt as
to what constitutes a Complementary
feeding we have a leaf1et explaining
it in detail which will be sent any
reader for the usual self-addressed and
stamped envelope (and please don't
forget that, or forget to put the name
of your city and State on the envelope) {.
They are most often needed after
the later feelings of the day, the
afternoon and going-to-bed feeding
being the most scanty. The extra
amount of milk puts baby in mood
to shut his eyes and go to sleep. instead
of fretting or bowling until the next
feeding time is due.
If a mother Is doubtful about the
amount of milk the baby Is getting at
each feeding she should weigh the baby
directly before and directly after nurs-
ing She may find to her surprise that
at some meals he gets five or six
ounces and at another only two. With
such definite evidence the mother will
have no further doubt why baby sleeps
peacefully after the first feeding and
fights" sleep after the second.
If one gives alternate bottle feelings
and then breast feelings the breasts
rapidly dry up and weaving is only a
matter of time. If the nursing is done
regularly and its deficiencies supplied
by bottle feeding the breast may re-
spond by better supply and the bottle
can be discarded altogether.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-28
Everyday Psychology
Why Dreams Are Queer.
BIZ DIR. JESSE W. sPRowLs.

Your dreams are always made up of
past experiences, even if some of those
experiences are events or situations
looked forward to in some of your pre-
vious day-dreams.
Since your day-dreams are largely
unknown to you or soon forgotten, YOU
cannot figure out where you got such
queer dream stuff. But the fact is you
tend to dream over your day-dreams.
That accounts for some of the queer
elements in your dreams. Perhaps you
have occasionally caught yourself in the
very act of day-dreaming. If so, you
can understand that it is possible to
entertain fantastic thoughts even while
you are going about the days work.
But there is still another reason for
some of your queer dreams. When lou
go to sleep you go to sleep in sections.
Some nerve centers of your brain are
actually more active than others at
almost any given period of the night.
This means that q sort of dishar-
mony prevails in the mental organiZa-
ton and, of course, there follows a
disharmony among the images which
these disorganized parts tend to revive.
So it comes that one set of brain cells
may be dealing with events that hap
pened 20 years ago, another will at the
same time revive something that hap
pened 10 years ago and another will
live over something you read just an
hour before.
At the same time your mind Is always
trying to put itself in order. Your
thought images are always tending to
appear logical. That's why the images
will now and then make compromises.
They have to stretch reality to the
breaking point at times. And you dream
queer things.
(Copyright, 1900