davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-16
STOCKS MAINTAIN
Recent ADVANCES
Market Absorbs Profit TAX
Ing Well at Active Short
Session.
BY CLAUDE A. JAEGER.
Associated Press Financial Editor.

NEW YORK, November 15.-The
stock market came through to the
end of the week today maintaining the
advance from the three-year lows of
Monday for the fifth successive day,
making one Of the most prolonged up
ward movement Of the year.
The days advances were largely mod
crate, but the market managed to close
with widespread gains of to 4 points.
when weekend decline under profit
taking on the gains Of the past four
days was expected in many quarters.
One must 20 back to the third week
Of March to find a prolonged advance
comparable to this weeks, and the
gains then were smaller.
Trading IL Active.
The market sold OF q little during
the first hour, as considerable profit
taking appeared In the coppers, but the
reports Of large sales Of the metal at
the new price Of IL cents checked the
decline, and at the same time shorts
picture shares, which had been bear
targets of late. The list developed con-
siderable buoyance in the last hour. al
though prices slipped OF q little from
the top In the last few minutes.
A report indicating that steel opera
lions In the Youngstown area would be
stepped I'D from 80 to 50 per cent Of
capacity next week, presumably re-
fiecting increasing activity In the auto
mobile manufacturing industry, was
one Of the days most encouraging de-
velopments, after the prolonged decline
In steel operations.
u. 8. Steel, Bethlehem Steel and
Colorado Fuel a. Iron each gained
point and Republic Steel advanced 2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-16

In the motion pictures, Loew's, General
Theaters Equipment, Fox, Warner Bros.
and Paramount each gained 2 or more.
Coppers failed to regain their early
losses and Anaconda and American
Smelling closed about point lower.
Shares gaining about to 4 points
included Goodyear, General American
Tank, Wabash, Missouri Pacific, Du-
pont, Case and Allied Chemical. Shares
closing up point or more included
American Water Works, International
Telephone. Union Carbide and Inter
national Harvester. The closing tone
was firm. Trading was in fair volume,
sales aggregating 1,710,000 shares for
the two-hour session.
Lamont's Remarks.
The remarks of Thomas w. Lamont
at the meeting of the American Acad-
envy of Political Science last evening
were regarded as reassuring, especially
since they constituted the first public
discussion of business conditions by a
Morgan partner in some time. He said
the process Of recovery was already
under way"
AS had been expected, Chrysler stock
had already discounted the cut In the
quarter dividend from rs to rs cents
late yesterday. It sold of little, then
rallied to close a fraction higher.
The weekly mercantile reviews re-
ported little change in wholesale or
retail trade, although unfavorable
weather seemed to have been deter
rent to public buying.
While there was no money market
today, its condition was clearly shown
by the announcement that the $685.
000,0 900 issue of Treasury bills had gone
at an average rate Of l.72, the lowest
on record for this type Of financing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-16
ALEXANDRIA CHRISTMAS
SAVINGS TOTAL $780, 900

BY STAFF Correspondent of The Star.
ALEXANDRIA, Va, November Is
Christmas savings deposits totaling APP
proximateIy 100000 will be mailed out
to local depositors within the next
two weeks by the Alexandria National
Bank, and their receipt is expected by
local merchants to mark the real OPEN
ing of Christmas buying here.
The Alexandria National Bank is the
only local bank to have Christmas
savings club. The final payment on
the accounts Is due this week.
Dealers in Philippines abaca are hold
ing their stocks for better prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-16
BONDS.
WASHINGTON STOCK EXCHANGE
e YEAR 1880 TO DATE

cRepored by W. D. & Co.
NOVEMBER L.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-09-11
CORRECTIONS

"a The ear In the foreground Il o the wrong side OF the road. fl Y
lacks "A steering wheel 49, Also "a rear wheel CAD The road smm points An
two directions. 90 The scrambled word Is HIGHWAY.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-09-11
7H9IS OctamHehfaN
NE1SnGND
q link 6efween two ciheS

There ares At least four mistakes IN the above picture. Thsy may par
tain TO grammar. history. etiquette. drawing or whatnot- See " you can
find them Then look at the scrambled word below-and mscramhle 40.
by switching the letters around. Grade yourself 20 for each Of the mis-
takes you find and 20 for the word II you unscramble IL.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19
ADVANCE IN HOME
BUILDING IS URGED
Barnes Makes Appeal in
Business Sterilization
Campaign.

The force of President Hoover's drive
for business sterilization and unem-
ployment relief this week was placed
behind the development Of prudent new
residential construction.
Julius H. Barnes, chairman of the
board of the United States Chamber of
Commerce and chairman of President
Hoover's national business survey con-
ference, this week wrote presidents of
chambers of commerce throughout the
United States asking their cooperation
to this end.
Mr.. Barnes supplemented this appeal
by declaring: 1T is generally recognized
that construction is one of the most
important factors in our economic
structure.
1T has been gratifying to see the
business world give recognition to
the fact of our fundamentally sound
economic conditions by pushing the
work on necessary industrial construc-
ton and to have similar action taken
in the case of public building.
while industrial and public building
represent large part of the construc-
ton industry's activity, residential con-
struction is a vital factor. Renewal of
activity in this field means employ
ment for a great many more than
merely those engaged in construction
and allied hnes-important as they are.
A high percentage of individually owned
homes Is a great social security as well
as business service"
Chairman Fenton B. Turck, jr., and
other members of the executive com
mittee of the National Building Survey
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19
$24,5OO

8 rooms and 9 baths
Maids room and bath
Gear built-in garage
Breakfast room
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19
MARCH BUILDING
SHOWS INCREASE
46 Per Cent Gain Over Feb
ruary Indicated in
Straus Report.

That building construction through
out the United States has definitely
taken a turn for the better was indi-
Gated in official reports received by S.
w. Straus g. Co. showing As per cent
gain in March over February. Building
permits issued in $50 representative
cities and towns in every part of the
with $128,043.217 in February.
Straus reports that:
Building permits for March, 1929,
amounted to S408,931 ,092, which at
first glance would appear to indicate a
drastic decline in building activity this
year amounting to 81 per cent. Had
March, 1929, been normal month in
the building industry, this decline would
preclude any possibility of an encour-
aging Interpretation of the figures.
However it should be remembered that
during March of last year an abnormal
volume of builNng plans, more than
$l70000,0 900, was rushed through and
filed in New York City because of the
pending multiple dwellings legislation
at Albany.
THE significance of the 46 per cent
increase in March over February lies in
the fact that the normal expected in
crease from February to March is only
about 81 per cent. The March increase
further compares favorably with a loss
of per cent from January to February;
II per cent from December to January;
10 per cent from November to Deem
ber and % per cent from October to
November. The reports constitute the
most reaSsuring indication so far re-
ceived that the building trend has
turned the corner and is headed up
ward
Building material prices were gen.
orally firm in March with increases re-
ported for several important items, such
as cement, brick and hollow tile, lime,
sand and gravel, cast iron pipe and
sewer pipe.
Some of the price increases such as
in brick are due to the efforts of mer-
chants to take advantage of increasing
building awards. Other price increases
such as that in cast iron pipe are due
to increases in freight rates.
THE increase of building permits
during the month of March, an indica-
ton of increasing building activity, has
already been attended with some i'm
provement in the unemployment situa-
ton in the building trades.
THE American Federation of Labor
reports $780, 88 of its 848,686 members
in the building trades division out of
work in March, as compared with 1884,
934 unemployed in the month of Febru-
airy. Though there is here shown de-
crease in unemployment of over 2 per
cent in March over February, unem-
ployment is still 23.5 per cent greater
than in March, 1929"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19
GROUND-RENT PLAN
IS STILL IN USE
&c. Year Lease System, With
Perpetual Renewal Clause,
Is Employed in U. S.

People who think that all remnants
of the medieval feudal system have dis
appeared from our modern lives may
be surprised to know that land in
the States of Maryland, Pennsylvania
and parts of Ohio is handled somewhat
as it was during the time of William
the Conqueror. Only now folks pay
for such land in cash instead OF IN
tobacco, arrows, or skins OF Wild
animals.
This is the ground-rent system used
in England during feudal times and
still used in the States listed above.
says the National Association OF Real
Estate Boards. This is system OF
leasing ground for period OF years,
usually 90 years, with a perpetual re-
newal clause, at a stated annual rental.
It differs from the long-term lease In
that the long-term lease does not carry
any perpetual renewal clause.
The City of Baltimore is so welded
to this plan that it believes this system,
used by the ancient land barons, has
greatly aided twentieth century people
to achieve home ownership there.
When Lord Baltimore obtained the
grant of Maryland in 1888, he became
the owner of the land and all the in
habitants became his tenants. So he
feudal system to America. Real estate
leases were made then for 80 years,
rentals were paid in tobacco, hides, etc.,
and the leases were renewable forever.
The renter was entitled to full possess
sion and use of the land, and as long
as he met the "ground-rent" payments
he could not be disturbed.
But when the first 99-year leases be-
gan to expire, Maryland courts held
that they were perpetual In practice
and that lessee could stay in posses
sion of such property as long as he
liked. These leases. however, were ir-
redeemable, and this situation at times
retarded important building develop
ments Sometimes such tracts would
be located in the center of city block
and would affect the development OF
the entire block.
Various interests sought to remedy
this situation and in 1884 the LegiS-
lature passed law to the effect that
all leases thereafter executed for term
of more than Is years should be re-
deemable after is years from the date
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19

of the execution of the lease: this to
be done at the option of the lessee at
a sum equal to the capitalization Of the
ground rent at per cent unless some
other amount not exceeding 4 per cent
capitalization was provided for by the
parties to the lease.
This act was amended in 1888, re-
ducing the 15-year period to 10 years
and requiring the lessee to give six
months notice in writing OF his option
to redeem. In 1900 a third act was
passed making all rents created after
April l of that year redeemable after
five years at per cent on 80 days
notice.
In 1922 business interests of Mary
land began an agitation for the right to
make 99-year leases in the business Sec
tions and in June of that year an
amendment to the other acts was
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19

passed which stated that the redeem
able features of the lease laws should
not apply to leases or subleases on
property used exclusively for business,
commercial, manufacturing, mercantile
or industrial purposes. Apartment
properties, as we'll as residential prop
critics, remained redeemable.
Ground rents afford a ready method
of financing homes" the association
declares In most cases the land upon
which the home is built is held by lease,
the fee or reversion being owned by
an investor who receives yearly rental
from it. The purchaser of home can
obtain a loan from building associa-
ton, secured by mortgage on his
leasehold and on the building located
on the land He agrees to pay weekly
to the building association proper
tionate amount of ground rent, taxes,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19
AIR FIGHTERS READY
TO BATTLE INVADERS
Will Open United Offensive Against
"Red" Enemy Forces in Califor-
MIA Maneuvers Next Week.
BY the Associated Press.

BY the Associated Press.
SACRAMENTO, Calf, April 49,
Having completed three weeks of inten-
sive preliminary training here, planes of
the Army Air Corps first provisional
wing are to open a united offensive
against theoretical Red" enemy forces
next week.
The enemy" for the purpose of
operations, is assumed to have control Of
all Southern California up to line ex-
tending across the State from Monterey
Bay through to Stockton.
The Red" forces are driving north
ward upon Sacramento and San Fran
CISCO The United States air fighters,
based at Mather Field here, are to
assist ground and sea contingents in re-
pelling the invaders.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19

Conference express satisfaction with
the results of the pressure for modern
ization operations of recent months, but
declare, in letter to Mr.. Barnes:
THE time now has come for impress
ing each community with the feasibility
of local emphasis at this time upon
prudent residential building"
The modernization drive, it is be-
lieved, will be resumed with renewed
vigor after the seasonal peak for new
construction has passed. In the mean
time, to quote Mr. Barnes:
IF the seasonal resumption. of resi-
dental building, wherever prudent, can
be advanced by few weeks, it will con-
tribute materially, not only to the i'm
provement of local conditions, but to
general business sterilization"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19

interest on the mortgage and Of pay
ments on the principal. The associa-
ton then RENTS the rent to the holder
of the ground rent and pays the taxes
and other charges for the borrower
and retains the interest and principal
payments on the mortgage.
1.-THE home buyer is saved the cost
Of the ground, paying a small annual
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19

sum for its use instead. OF courserfn
the end he has no equity in the iAAd.
but he has been able to provide q bone
for his family for as long as he SheNid
live, whereas IL he had to purchase the
ground he might not have been able
to handle the transaction. Moreover.
he may buy the land at the cpd Of I'VE
wears, if he so elects"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-19

gallery, two dressing rooms, two guest
lavatories, kitchen. pantry and servants
dining room. On the second floor are
six large bed rooms, four baths, two
dressing rooms, en- suite with the bed
rooms Four servants rooms, bath and
large storage space are on the third
floor.
In the basement are chauffeur's
room and bath, laundry, boiler room,
storage space and three-car garage.
The property was acquired through
the agency of Stone & Fairfax, Inc.
The house was designed by George N.
Raw
The Indianapolis times., 1930-07-17
In the Stock Market
lRn Thomson & McKinnonl

NEW YORK, July lI.-An-
nouncement of the revised consoli-
dation plans surrounding the SIN
clair Oil Company in the first move
of this nature we have had for
several months, and is a good indi-
cation of how financial minds view
the outlook.
Such a program would hardly be
undertaken if 1t we're not felt that
the market conditions were right
and business promising. other
merger developments which have
had to be sidetracked may be
brought to- life. The oil industry
has done Ms part in business gen.
orally.
With the background of increased
activity promised in three of the
major branches of industry, steel,
motors and oils, together with plenty
of ammunition in the form of cheap
money, constructive efforts market
wise should bear fruit. We ques-
ton that the market has recently
suffered any impairment and be-
lieve moderate reactions as they
occur should be taken advantage of
to make purchase of the good
stocks.
The Indianapolis times., 1930-07-17
SINCLAIR PLANS
HUGE EXPANSION
Billion Dollar Program Is
Under Consideration.

BIZ United Press
NEW YORK, July 17.-An expan-
sion program which is expected to
swell it's resources to more than a
billion dollars was reported today
to be under consideration by Off
Gals of the Sinclair Consolidated
Oil Corporation.
Following it's recent acquisition OF
an extensive marketing organiza-
ton in the southwest, through pur-
chase of the assets of the Pierce
Petroleum Corporation, reports were
current today of a. revision OF SIN
clair's plan to take over both the
Prairie Oil and Gas Company and
the Prairie Pipe Line Company.
According to reports, Sinclair
shortly will sell it's half interest in
the Sinclair Pipe Line Company to
the Standard Oil Company of Indi-
ana, owner of the other half, and
will in the future obtain its crude
supplies from the Prairie Pipe Line
Company. Another step in SinclairS
ambitious expansion program was
said to be the acquisition OF the
Tide Water Associated Oil. which
has large retail outlets on the Pa
cific coast,
The Indianapolis times., 1930-07-17
NEW YORK COFFEE RANGE
Births
Boys

Russell and Dorothy Duke: s65 Bosart.
John and Vera Spears, sic Laurel.
William and Opal Pittman, 4S9 West
orvilie and Myrtle Hulse. 444i Baltimore.
Haskell and Anna Bridgevater Method
Albert and Blanche voges. Methodist
William and Amelia Psarcy. Methods;
81 and Blanche williams. Methodist
John and Margaret Chapman. Coleman
Ross and Goldie Mccoy. Coleman hos
James and Edna Roberts. Coleman hos
Earl and Doris Miller. 2s South McKim.
Clyde and Rose White. Coleman hos
Fredrick and Marie Bushheld. Co lemsn
John and Maryann Frisinser. Coleman hos
George and Ruth Bailey. Coleman hos
RAYMOND and Marie Britain. Coleman
Robert and Mildred Risley. Coleman
EstsI and Alene Hall. Coleman hos
Carl and Julia Faris. 225s North Kills.
Girls
Theodore and Hester Con. s29 Drexel
Verne and Myrtle Chapman. Methodist
Peyton and Hilda Print5. Methodist hos
pital.
Herbert and Mamie vogelsang. Coleman
hospital.
Edwin and Jessie Elicit. Coleman hos
pital
odie and Frona Grubbs. Coleman hos
pital.
Walter and Tommie. 2250 North Capitol.
Fredrick and jeanette Huston. Coleman
hospital.
Raymond and Evelyn Hendrick. Coleman
hospital
GeoTss and Geneva MiIder iiss SAITH
Keystone.
Thomas and Mary Barnett. i245 Bridge.
james and Helen johnson. 3l57 North
Gale.
Twins
James and Edna Roberts. Coleman hos
pitai BOYS.
The Indianapolis times., 1930-07-17

Cities Service June surplus aayilablse b 10 for
common dividend and reserves $50 ,o,4l,
against $22l2:3s3 in June 1879. "a ssS SstEe 54s
ReeiIar RlSI monthly dividends of 212 cents
in cash and "a of l per cent in STOCK 6s on
common. so cents on preferreds sfsTsnce snI preBF b
declared all payable Sept. l, record Aug
f6
The Indianapolis times., 1930-07-17
STRONGER TONE
RULES PORKERS
ATLOCAL PENS
Dull Trend Continues Hold
on Cattle; VeaIerS
Unchanged.

A steady and higher trend was
apparent in hogs this morning,
prices at the Union StockyardS
moving up Is cents on most classes.
The bulk, 100 to $50 pounds, sold
for $3.50 to 1885. Top price paid
was S9.85. Receipts were estimated
at 1000; holdovers we're 369.
Slaughter classes held the slow
tone prevalent this week in the cat
tie market. Receipts were 800. Veal
ers were steady, selling at $l2 down.
Calf receipts were 600.
Sheep and lambs were little
changed, good and choice lambs SELL
ing at $40 to $11.
Chicago hog receipts were $4,000,
including 5000 direct. Holdovers
were 1000. The market opened
fairly active with prices IS to 25
cents up; $50 to 210-pounders
brought $3.50 to 1910; 28o to 300
pounds, $3.50 to $3.50. Cattle re-
ceipts were $500; sheep, 1900.
The Indianapolis times., 1930-07-17
NEW PACKARD HOME
is OPENED TO PUBLIC
Formal Ceremony Held at 100000
Citizens Company Building.

With several luxurious motorcarS
on display, the new building of the
Citizens Motor Car Company. Pack
ard distributors here, was opened
formally at this morning by Ted
Byrne, manager.
The new structure. costing $780,
600, recently was completed at 1910
North Meridian street. The COM
pany last December signed a ninety
nine-year lease on the site.
Two Diesel airplane motors de-
veloped by Packard, pioneers in oil
burning engines, and two Packard
marine motors arrived in the city
Wednesday for showing at the
opening.
The Indianapolis times., 1930-07-17
GRAIN FUTURES /
ACT IRREGULAR
ON CROP NEWS
Reports OF Rain in Canada
Breaks Market Near
the Close.

BU United Press
CHICAGO, July 17.-ReportS of
scattered showers in Canad and
selling against offers broke the mar
ket near the close on the Board OF
Trade and prices went below the
previous close at the last. Buying
was more general and there was less
bearishness in the trading today,
due to more reports benig received
of an unfavorable nature from
Canada. Corn eased with wheat,
but the damage reports gave the
market a firm undertone. Oats
were dominated by the more ac-
tive grains.
At the close wheat was 4 to 3
cent lower; corn was unchanged to
II cent lower, and oats were IS cent
loweer to Is cent higher. Provisions
were weak on bellies and strong on
lard.
Liverpool was somewhat better
at the close, only q to l cent lower,
after moving below that figure earl
ier. A little export business was re-
ported early, some hard winters and
a little Monitobas being worked.
Cash prices we're u cent lower. Re-
ceipts we're 800 cars.
Corn maintained a firm tone dur
ing the morning, holding minor
fractional gain at mid-session after
a forecast for possible showers in
Iowa, the Dakotas and Kansas had
swept away nearly l cent of the
early gain. The unfavorable reports
from the oelt, especially Iowa were
the chief factor with good buying
support in evidence. Country book
ings were not so large today. Cash
prices were unchanged. Receipts
were 162 cars.
Oats had slight gains at midday
except in July which was very tight.
Otherwise the market was feature
less and little changed. Cash prices
were unchanged. Receipts were AZ
cars.
The Indianapolis times., 1930-07-17
RESCUED FROM WELL
Trapped in Cave-in, Michigan Man
Suffers Mild Shock.
3v United Press

BIZ United Press
Granville, Mich, July IT,
Mild shock was the only i'll effects
Henry Paul, SO, suffered from his
eighteen-hour imprisonment in an
eighteen-foot we'll here. He was
rescued early today.
Paul, former Wyoming township
Justice of the peace, was trapped in
the we'll by cave-in. He had been
digging in it and was starting to
climb out when the sides crumbled.
Using a ten-quart pail and pulley.
a crew of rescuers headed by PauPs
son, Tommy Paul, former middle
weight boxing champion of Mich
igan. worked steadily. but cautious
", to clear away the sand and
gravel.
The Indianapolis times., 1930-07-17

cbrvsIer Corporation announced two
lines Of straight eight-cylinoer cars nrst
bearing Chrysler name.