davidaulloa/AmericanStories huggingface dataset:
Evening star., 1930-05-21
BONDS !.
IN BETTER DEMAND
Rails and Utilities Higher.
ConvertibIeS Gain With
Stocks.
BY F. H. RICHARDSON.

Special Dispatch to The Star.
NEW YORK, May 21.-High-grade
bonds today displayed a somewhat
firmer tone, but not enough change IN
prices to suggest buying movement
of any proportions.
First mortgage rails and legal public
utilities were fractionally higher. Short
term securities were in great demand,
and there Is an unsatisfied inquiry for
them which new offerings of corporation
and municipal issues do not supply. The
ease this week in time money rates and
In bankers bills brings nearer the day
when corporations must go into the
market for a medium on which to make
satisfactory showing of earnings.
Junior issues were also firmer. Chi
cago Great Western As, which have been
steadily accumulated for several weeks
between 691s and 70R, moved above II.
64 and 70. Denver g. Rio Grande 5s
improved fractionally under the better
prospect for holders of these bonds.
The Erie issues were rather heavy on
account of the undigested supply. This
was also true of other railroad bonds of
this type. United States Rubber SIS,
Dodge IS, National Dairy Products 5As,
and Mercantile Marine IS were all
strong members of the industrial list.
Inc CO1lVeTClDieS III LIE rail- group re-
sponded slightly to the better market
for railroad stocks. which brought
higher prices in the Baltimore Ss Ohio
4lRs, Atchison 412s and Chicago North
western 434s. American Telephone &
Telegraph 4lss. whose exchange privi-
lege is expiring on Friday, had an early
loss Of points and some later recov-
cry.
The feature of the foreign list was
the strength in japanese bonds. The
new 51as sold at premium of IA
points. This bond is being watched as
a possible guide to the market for the
new German 51as. Other Japanese
issues, especially the municipals and
public utilities, made recoveries. The
various French municipals were at a
premium of points over par. German
descriptions were steady but quiet.
Today'S new financing included 150,-
600 shares of National Power & Light 6
per cent preferred stock at 1011z, or
somewhat below the market for similar
preferred issues; $4,000, 900 Glidden Co.
5-year 5h per cent notes at 1894
and $4,000,000. Province of Sante Fe
9-month 6 per cent notes at par. 1t
Is expected the Province of Ontario
bonds today will bring a good price.
There is a considerable unsold amount
Of the recent City of Toronto issue.
Evening star., 1930-05-21
DECLINE IN STEEL
PRICES CONTINUES
Weekly Review of Conditions
Says LulI in Industry Is
More Pronounced.
BY the Associated Press.


NEW YORK, May 2l.-The Iron Age
market summary of conditions in the
INDUSTRY. published today, says that
with prices still giving ground and
with selling increasingly aggressive the
iul In the iron and steel market has
become more pronounced
Measured in terms of specifications
received by producers" it continues,
demand is still Ieceding, but how
mucn OF the decline is due to caution
rather than to reduced consumption is
not yet apparent.
Business sentiment, rendered ex-
tremely conservative both by price
developments and the approach of the
cuStomarlly dull Summer season has
also been chilled by the recent second
ary reaction In the stock market.
steel tngot production shows wide
variations, with certain producers run
nlng at as low as so per cent of ca
paclty, but the general average, in
fiuenced by the superior performance
OF companies with diversified output, is
"a per cent, decline of only / point
1fom the IS per cent rate of a week ago.
The steel corporation average Is un-
changed, at 80 per cent of capacity.
additional price recessions have oc-
Cured In both primary and finished
materials. The scrap market is uni
formly weak, and heavy melting steel
has declined SO cents a ton at Pitts
burgh, 81 ton at Birmingham and Is
cents ton at Cincinnati. Pig iron
prices are nominally unchanged, al
though subject to shading. The gen.
eral trend of foundry operations is
downward. the only conspicuous excep-
ton being the melt of companies max
ing castings for Ford and Chevrolet
automobiles.
automobile body sheets and vitreous
enameling stock have gone down So a
ton. to $40 cents and $50 cents pound.
Pittsburgh. respectively Another GEN.
eral reduction of 50 ton has occurred
In plates and shapes, following conces-
sions that were localized a week ago.
The market on these products is now
1.80 cents pound at Chicago and ITO
cents at Pittsburgh.
The Iron Age composite price for
finished steel. which has been declining
for nearly 10 months, is now 2.214
cents pound. This figure is 1892 a
ton above the low point of the post
war slump, which was reached in the
last week in February, 1922, following
an uninterrupted decline lasting IS
months.
1.-THE less severe character of the
present business recession, coupled
with the fact that price reaction has
already gone far, has caused some OBJ
servers to persist that turn is not
far away. It Is true that the iron
and steel industry seems to be moving
into the usual midyear dull period, but
steel company earnings are rapidly
diminishing and considerations Of cost
are counted on to influence the trades
attitude on prices"
Evening star., 1930-05-21
NEW SECURITIES

NEW YORK. May 81 (P.-New secu-
rites offered today include:
National Power & Light Co., 100000
$6 dividend cumulative preferred stock
OF no par value, priced at 1919, to yield
500 per cent, by First National Old
Colony Corporation and syndicate.
Glidden Co, $4,000, 900 5-year 51a per
cent notes, priced at 99%, by Banc-
america Blair Corporation and syndi-
cate.
Province of Santa Fe, Argentina, $4,-
100000 per cent gold treasury notes,
priced at 100 and accrued interest, to
yield 6 per cent, by Chatham Phenix
Corporation.
City of Utica, N. Y, $685., 200 improve
ment bonds, priced to yield $50 to 4.05
per cent, by M. M. Freeman & Co., Inc.
City of Poughkeepsie, N. Y, $175.00O
AZ per cent bonds, priced to yield 4.10
per cent, by Phelps, Fem g. Co.
Babylon IN. W Union Free School
District No. 4, $465. 900 AZ per cent
bonds, priced to yield 4.30 per cent, by
Batchelder 81 Co.
Evening star., 1930-05-21
Baltimore Markets
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, Md, May 21.-Pota-
toes, white, 100 pounds, 2.25a3.oo; new.
bushel, 1.25a2.5o; sweet potatoes, bar
rel, 25oa3.5o; yans, barrel. 3.ooa4.oo:
asparagus. dozen, 60a2.50; beans,
hamper, 1.o0a2.25; cabbage, hamper.
caulifiower, crate, 2.25a275; celery,
crate, 2.50a3.50; kale, bushel, 40a75;
lettuce, bushel, 50a1.00; lima beans.
hamper, 5.0oa6.00: onions, 100. LISA
$50; peas, hamper, 50a1.25; peppers.
crate, 3.O0a5.50; radishes. 1.00a1.l5:
spinach, bushel, 35a60; squash. barrel,
l.25al.75; tomatoes, crate, 2.50a4.5o;
apples. bushel, 125a3.50; cantaloupes.
box, 5.00a8.50; grapefruit, box, 2.5Oa
600; oranges, box, 3.50a9,50; pine
apples, crate, 2.5oa3.0o; strawberries,
quart, sails.
Hay and Grain Prices.
wheat-No. red Winter. export.
1861; May, 1.06A: No. 8. garlicky' no
Corn-No. 2 domestic, yellow. new,
92a93; cob corn, new, 4.75a4.80.
Oats-No. white, domestic, spot,
53a531a; No. white, domestic, spot,
52a5217.
Rye-Nearby. 75a80.
Hay-Receipts. none. The general
hay market continues quiet under light
receipts, mostly by trucks, but ample
for the demand, which is limited. While
not enough hay Is arriving on which
to establish values by grades or car
load lots, the better grades Of timothy
and clover mixed are in fair demand
at q range of 1000 to $500 per ton;
Straw-No. l wheat, per ton, 9.0Oa
1000; No. 1 oat, per ton, 9.00a10.0o.
Live Stock Market.
Cattle-Receipts, SO head; light sup
ply; market steady.
Steers-Choice to prime, none; good
to choice, 11.00 to 11.50: medium to
good, 1850 to 11.00; fair to medium,
CTS to 1850: plain to fair, 8.75 to cts;
common to plain, IT'S to 8.75
Bulls-Choice to prime, none; good
to choice none; medium to good, 500
to $50; fair to medium, IT'S to S.00
plain to fair, 7.25 to IT'S; common to
plain. CTS to TBS.
'Cows-Choice to prime, none; good
to choice, none; medium to good. TOO
to 500; fair to medium, 900 to TOO;
plain to fair, 500 to 900; common to
plain, 3.75 to 500.
Heifers-Choice to prime, none: good
to choice, none: medium to good, 900
to 1000: fair to medium, 500 to 900;
plain, 900 to TOO.
Fresh cows and springers, so to 1.10.
Sheep and lambs-Receipts, 100 head:
light supply: market steady; sheep 200
to 600; Spring lambs, 900 to 1925.
Evening star., 1930-05-21
Corporation News

NEW YORK, May 21.-The following
is a summary of important corporation
news prepared by Standard Statistics
Co.. Inc, New York, for the Associated
Press:
News Trend.
Freight car loadings in the week end
ed May 10 were again the lowest OF
any corresponding week since 1924. To-
tai of 933,931 cars was 8,968 below the
preceding week. In previous years al
most invariably small gain was re-
corded In week of May 10 over week
previous. Compared with year ago,
decline amounted to 115,029 cars, while
contrasted with the 1928 period, de-
crease was 68 ,480 cars.
Crude oil production statistics made
a slightly better showing than anticipate
ed. Increase in output over the pre-
vious week was 12,750 barrels daily.
Oklahoma production increased $500
barrels and fields In the ROCKY Moun-
tain area increased 10, 200 barrels daily.
California output was 2,700 barrels less
than previous week.
Corporation news included number
of interesting dividend announcements.
Calumet. g. Arizona Mining reduced
quarterly dividend, Mergenthaler omit
ted extra dividend and Southern Pipe
Line declared special distribution from
capital stock reduction account. Poor
earnings statements were issued by Ca
madam Cotton and Coco Manufacturing
| ACQUISITIONS were reported by Conti-
mental OIL and Inland Utilities.
The Companies.
All-America General president denies
| report directors have approved oneI
made by Atlas Utilities Corporation.
American Smelling & Refining re-
duces price of lead 10 points, to 5.5l
cents a pound.
Calumet & Arizona Mining declares
dividend of so cents on common stock;
last payment, $1.50.
| Canadian Cottons, Ltd, earned $1.5s
on preferred stock IN fiscal year tx
March 81, against $65S in previous ns'
cal period.
| Coco Manufacturing had deficit o
$97,535 in fiscal year to March 81
against profit Of $389, ,o50 in previou
! ffiscal period. equal to $3.50 per capita
share.
Continental OIL buys Virginia Caro-
lima Gas & Oil Of Martinsville, Va.
Evening star., 1930-05-21
Washington Produce

Butter-one-pound prints, 4oa41; tub,
3S1aa39.
Eggs-Hennery, 23a24; current re-
ceipts, 21a22.
Poultry, alive-Turkeys, hens, az;
toms, 20a22; Spring broilers, large, 38a
40; small. 32a33; Leghorns, 28a32;
fowls, 23a24; Leghorn fowls, az; ducks,
15a18; geese, Is; capons, large, 35a37;
small, 3Oa33; keats, young, 60a65; small,
IS; roosters, Halls. Dressed-Turkeys,
hens, AZ; toms, 20a22; Spring chickens,
large, 35a38: medium, 35a36: fowls. ~;
small, IS; capons. large, 40a42; small,
30a33; keats, 70a75.
Meats, fresh killed-sBeef, 20a23;
veal. 20a22; lamb. %; pork loins, 28a28;
fresh hams, 24a25: fresh shoulders, 22;
smoked hams, 26; smoked shoulders. %;
bacon, 20; lard, in packages, Is; In
bulk, IL.
Live stock-Calves, sa1o; Spring
lambs, 11a12.
Evening star., 1930-05-21
NEW CONSTRUCTION.

NEW YORK, May 81 (P).-New con-
struction contracted for in the 81
States east of the Rocky Mountains
during the week ended May 10 reached
a total of $l19,596,400, the r. w. Dodge
Corporation reported today, as COM
pared with $150,541 900 for the first
eight business days of May, and with
$l26. .881 900 in the like period Of 1929.
Contracts since the first of the year
aggregate $3.50, ,I61 300, against $2,-
205,l56, 900 for the like period in 1929.
Evening star., 1930-05-21
FEARS HYDROPHOBIA,
FARMER KILLS SELF

ROBERTA, Ga. May 81 (R.-Two
weeks ago J. w. Horne, jr.. farmer.
was bitten by dog. Since then he had
remained in constant fear of death
from hydrophobia, although there were
no indications that the dog was afflicted
with rabies.
Yesterday he shot himself to death in
his home.
Evening star., 1930-05-21
Washington Stock Exchange

Wash. Gas 5s-$1 900 at 1O3.
Wash. Gas IS B-$200 at 103.
Wash. Gas IS A-$300 at 101 u.
Capital Traction Colo at TN.
N. 81 w. Steamboats, rts. wiz at 171A
Sol. Title ms Co.-50 at 8.
Ter. Ref. & Whrs Corp.-10 at 48is.
The Carpet Corp-50 at 2612.
AFTER CALL.
City & Suburban 5s-$l 900 at 81, 81, 900
at 81.
Pot. Elec. 5h%o pfd-5 at 1868.
Evening star., 1930-05-21

Gotham Silk Hos. 62l7c :. Due July
Mergenthaler Limo. 25c ex Due June so
Wheeler Metal Pro soc q Due June Is
Payable in scrip.
Evening star., 1930-05-21
Germans Urge Hiking.

HILCHENBACH, Westphalia R.-
What $50 German poets, statesmen and
other leaders have thought about hiking
as q national sport is set forth in a book
of quotations gathered for the benefit of
the thousands of girls mad boys who
annually take their vacations on foot
through this region.
Evening star., 1930-05-21
Firm to Expand.

NEW YORK. May 21 (P).-Acquisi-
ton by the Libbey- Owens Glass Co. Of
the Edward Ford Plate Glass Co.,
at q cost Of nearly $4,000. 900. to
be paid in common stock, has been
approved by stockholders.
Evening star., 1930-05-21

Edwin A. Potter, jr., vice president of
the Guaranty Trust Co. and q director
In Wilson & Co., Remington Arms and
several other concerns, has been elected
q director of the Starrett Corp.
Evening star., 1930-05-21

A mutual insurance company for for
est fires in Norway has IL 200 members.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-21
''Free-and-Easy" Vienna Seen as Place
Where Many Laws Exist to Limit Action

down-and- outers, whose soul hope Of
intoxicated joys lies in what somebody
else leaves over. These fellows, deni-
zens of back alleys, go shopping around
the back doors of beer halls. and when
they spot an empty keg, waiting there
for the beer truck to claim it, they
sneak upon it, tilt it and from the
gushing bung trickles forth a slight
hansel, proving that what to some
seemed empty. yet contains something
of the old amber and aroma.
OF course, "hansel-tippling' is ever
boten" also, but good hansel-tippler
is seldom caught He is an active fell
low, blood brother, possibly, to the
"tSchikarretierer," or "butt-arrester" Of
the city streets, the man who gets his
smokes from reaching underneath other
persons feet.
School Children Denounced.
Policemen are required, not to arrest,
but to 'denounce at the schools" all
school children who break the law by
using big brothers monthly street car
ticket, showing the age of the big
brother, as a pseudo-proof at the
movies, which her children under 10.
that they, the transient holders, are
entitled to be let in to see the show.
The policemen are also empowered to
see that nobody goes to costume ball
attired in highly inflammable costumes,
or in costumes which initiate priests.
Persons living in community houses,
which are equipped with small, tenn
porary cells, are warned that it Is
against the law for the hilarious at
wedding parties, ETC., to lock UP any
people in such cells as joke, said joke
being likely to lead somehow or other
to immortality.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-21
LUDWIG LEWISOHN WRITES
TO CHAMPION INDIVIDUAL
UtOpian Dreamer Yields Pen to Crusade
for Liberty in Personal
Culture.

st guess I am American" the last
words f1oated back. Lost a son in the
war. Hundred per center that's
me-"
Professor Deeply Moved.
The doors closed after him and he
was gone. Before the next halt most
of the holiday makers in the car had
forgotten his existence. But the quiet
professor was deeply moved. Here was
an individual whose childhood memo
ries and sentiments were now, at the
beginning of old age, clashing with a
new allegiance. Small wonder he had
taken a drink This person on the day
of victory had to mourn son killed
in battle, killed by the very folk among
whom he, the father, had grown to
manhood. In loyalty to his son he
must reject this folk. Twice bereaved,
he was not only a victim OF wars in
evitable toll of life, but also of its
categorical rejection OF whole national
culture.
The quiet professor tried to get rid
of this unpleasant incident by telling
it to the first friend he met. He talked
about 1t end he wrote about it. But
he could not shake it off. 1t remained
to weave itself into the very tissue Of
his thought and action.
During the war he had written two
books about the poets of modern Ger
many and the poets of modern France
at a moment when probably very few
persons were thinking of either. AL
though his books had not reached be-
yond the academic and critical circles
to which he was accustomed it had
been his quixotic desire to stress for
every one the poetic side of these two
national cultures just when only the
chauvinistic elements of both were in
evidence. Now-under the sting of the
drunken man In the subway-he began
TO write tracts and photographs and
novels-flery things to hit the public
eye Long before a majority of the
people was ready to accept the opinion
that there lay in every folk and in
every individual something of value, he
was Haunting it in the public eye. He
wrote of the Germans, he wrote of the
Jews, he wrote of cities and men whom
he considered misunderstood. He wrote
of himself. He became a man with a
mission.
Does Not Look Combative.
Ludwig Lewisohn-for that is the
quiet professors name-does not look
like a man with a mission. There is
nothing about him to proclaim COM
bativeness or a consuming ideal. re-
member once seeing him come slanting
across the Boulevard Montparnasse, his
overcoat blown out like a sail by the
his arms filed with books and prints
and music, and his round face beaming.
Continued on Fourth Page.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-21
WHEAT BEING REMOVED
FROM WORLDS POLITICS
Confidential Reports of Delegates to
League Economic Conference Pre-
dict Improved Situation.

between prices received and prices paid
by farmers is improving, though slowly
and with considerable fluctuation from
year to year. Farm incomes and the
returns earned on the value of farm
properties in recent seasons have on
the whole averaged higher than a few
years back, and have become stable.
The rate of depreciation in farm land
values Is growing slower; there is prog
ress in adjustment of production and
market requirements. The movement
of rural population to cities is declin-
ing. Farm mortgages are still rising
but the number of farm bankruptcies
Is decreasing. It Is probable that con-
siderable improvement of short-term
credit facilities will result from the
growing activities Of the Federal Farm
Board and the Federal intermediate
Credits Bank
Depression Causes Studied.
Preliminary inquiries into the agri-
cultural crisis made by experts under
the supervision of the League have
established many interesting facts in
regard to overproduction and under
consumption, which are the direct
causes of the present depression.
erproduction.-Due to wartime
stimulation and resultant high prices;
increased wheat growing acreage; Ia
bor-saving farm machinery; efforts by
various governments artificially to de-
velop their agriculture through tariffs.
bonuses and export bounties; the rapid
recovery of peasant Russia and break
ing up of large European estates, there
by creating thousands of new peasant
agricultural units for the exploitation
of hitherto unused lands.
Underconsumption. to passing
of wartime demands; closing of export
markets; rapid decline in prices with
out resultant ability to purchase; re-
placement of millions of horses and
mules by machinery 100000 in the
United States alone, thereby reducing
the demand for feed; a is to 20 per
cent fall in per capita consumption Of
flour; dumping" on the world market
by Soviet Russia and other countries
of agricultural products without regard
TO production costs.
All these are live factors in the
present complicated situation.
Several remedies for overproduction
are being suggested by agricultural ana
commercial experts. They propose slim
ulating consumption-"eat more bread"
and a voluntary reduction Of acreage
planted yearly until a balance has been
restored devising new industrial uses
for grains, especially wheat; an inter-
national system of agricultural credits
10 aid farmers as a group; creation Of
better storage facilities, so that sur
pluses in unusually good crop years
can be handled without disturbing the
CONTINUED on Third Page.1
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-21

V1ENNA-Vienna, which tradition
ally has long been considered free and
easy place, actually has so many little
laws curbing free and easy human ac-
tons that the policemen don't know
them ALL
For their benefit recently an adviser
of the police department, Friedrich
Adler, has compiled an entire book en-
titled wade Mecum," come-With-me
in which hundreds of the less-known
laws are set forth revealing that it is
illegal to have celluloid costumes at
masquerade party and that chauffeurS
of taxicabs may not light cigarette
while driving.
Vienna, however, upholds its tradi-
tional reputation for gemutlichkeit"
by ignoring the majority of the little
laws, and even the policemen in the
preface of the book are counseled to
use discretion.
A visitor to the Austrian capital is
early acquainted with some of these
smaller laws, notably the one he most
frequently breaks, that which provides
a two-shil]ing fine, on the spot, for per-
sons who throw away their street car
transfers. There is hardly any reason,
anyway, for any one to dirty the streets
so, since at every car stop the city pro-
vides neat little post wastepaper baS-
ket at exactly arm level, into which
most persons throw their transfers.
ne-the-SpOt Fine.
Another two-shilling on-the-spot fine
is imposed for jumping on or of NOV
ing street car. One may pay the po-
lceman the two shillings the moment
one steps into the policeman's arms, or
give ones card and later tell it to the
judge. Since telling it to the judge
usually costs about four shillings and
loss of time, one pays to the policeman.
One of the heaviest fined small Of
lenses is one which a frugal operator
of beer hall or cafe is most often
tempted to commit. Some patrons, but
not many in these high-priced days,
leave little beer in the bottom of their
glasses when they shoulder their way
out Of the cafe toward home. If, how
ever, the proprietor should yield to
desire to pour all these slight sips into
a single glass and serve it again as
fresh beer, woe betide him. The wade
Mecum" says that a policeman may
step right up and haul the frugal pro-
prietor TO the lockup.sa
incidentally, these small leftover
sips are, In German, known as hansel,
and there remains in certain dark
quarters Of the city snaA race Of