davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
Washington Ticker
BY CLINTON COFFIN,
Associated Press Financial Writer

Has the newly created Federal Farm
Board got enough to do under the pres
ent law directing it to advance CO.
operative marketing and stabilize prices
for farm products, or should 1t be re-
CURED as well to assume control of a
large part OF the farm mortgage busi-
ness of the country?
Inc issue has been put up to Congress
oy senator Brookhart of Iowa, in the
form OF simple measure to endow the
new farm board with mortgage lending
authority, and to transfer to it complete
the l4-year-old land bank system which
mas been operated heretofore by the
treasury Department. Senate hearings
this week gave the first opportunity for
the airing of conflicting arguments over
the merits of the proposal.
Paul Bestor, Federal Land Bank COM
missioner, estimated that the IL regional
banks OF the Governments farm loan
system had about $1,000 900 900 loaned
on farm mortgages, and explained its
method of raising funds for the pur-
pose through the sale of tax EXEMPT
oonds. He placed the total of all farm
mortgages in force in the country at
the round figure Of $4,000, 900 900.
Now. why hasn't the Federal system
got larger part of this business?"
NSAoOoA GAOOAAldII 0cu1duQeQ. III was
expected when 1t was created that half
OF all the farm mortgage lending in
the country would be taken over by the
land banks. Instead, it is holding only
a small fraction of the total of farm
mortgages. That seems to me reason
why its management should be con-
terred upon the new Farm Board, so
that the whole business of Federal aid
to agriculture could be dealt with In
one place."
Commissioner Bestor, however while
declaring himself unwilling to take
partisan position on the question. said
the Federal Land Bank system had
probably forced down the interest rates
on all farm mortgages" by its operation.
even though it had loaned only a frac-
ton OF money obtained on such instrlI-
ments. He suggested that the new
Farm Board was doing out short-time
loans on agricultural crops, while the
Land Bank system was providing long
term advances. He also gave the opir1-
ion that the present Land Bank board
mad plenty to do, that it had a good
system OF marketing bonds and pro-
vlding funds for mortgages, and that it
ought not to be disturbed. Through
1t In 1929 American farmers had OBJ
tanned $80,0000 900, he said, at an aver
age OF 5,22 per cent interest, and during
1880, with better opportunities in pros
pect ior bond selling, 1t might render
even better service
senator Brookhart, unconvinced
promised to bring in evidence showing
tnat the Land Bank system last year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01


BALTIMORE, Md, February l.
Poultry, alive-Turkeys, pound, 3Oa34;
old toms, 20a22: Spring chickens, goa
80; Leghorns, 22a25; old roosters, Tia
10; ducks, 16a26; old hens, 20a29; Leg
horns, 23a25; geese, 1sa28; guinea
fowls, each, 40a60; pigeons, pair, So.
Eggs-Receipts, 1,403 cases; nearby
frsts, 38a38K; pullets, 80; hennery
whites, firsts, 39a40; culls and dirty
eggs, 25a26.
Butter-Good and fancy creamery,
pound, 34a40; ladies, 31a32; store
packed, 20; rolls, 25a28; process, 34a35.
Vegetable Prices.
Potatoes, white, 100-pound sacks, casa
500; sweet potatoes, barrel, 2.OOa3. 90;
yams, barrel, 2.00a30O; beets, crate,
3.50a4.00; beans, hamper, 1.50a2. so:
cabbage, hamper, GOAL .25 carrots, 100,
3.00a4.00; cauliflower, crate, 1.50a2 SO;
celery, crate, 1.50a3.00; lettuce, crate,
2.25a5.00; kale, barrel, 1.5Oal rs: onions,
100 pounds, 1.5Oa1.75; peppers, crate,
3.00a5.00; peas, bushel, 1.50a2 IS;
parsnips, basket, 60a80; spinach bushel,
1.25a2.00; squash, bushel, 2.00a2 so;
tomatoes, crate, 2.50a650; turnips,
hamper, 40a50: apples, bushel, 6Oa2. rs;
cranberries, box, 5.00a5 So grapefruit,
box, 3.50a4.50; oranges, box, 2.l0a4. rs;
tangerines, box, 1.25a3.50; strawberries,
quart, 60a65.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
BANK CLEARINGS.

Bank clearings this week at all lead
ing cities in the United States, as re-
ported to Dun's Review, amount to So
$50, 402,0 900 and are 23.6 per cent
smaller than those of a year ago. At
New York City, clearings of Sc, SIS, 000,-
600 show a decline of 269 per cent,
while the aggregate for, the principal
centers outside of New York of $3,l25,-
402,0 is 1876 per cent below last years
There is now a smaller volume of bank
settlements at each of the larger cities
than there was at this time last year.
as well as at most of these centers, in
comparison with the figures for the
corresponding week of 1928.
Clearings for the week, as reported to
r. G. Dun 81 Co., and average daily
bank clearings for the year to date,
are compared herewith.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01

from income taxation will cut down
about 20 per cent. On that basis the
Government may take in something less
than $4,000 900 from income taxes
IN 1880, against the $2,4O0, 600, 900 which
1t collected in 1929.
No accurate estimates of the income
tax situation will be possible before
figures are published for March re-
ceipts on that account, since the great
bulk OF payments are made on regular
quarterly dates through the year.
Nevertheless, those concerns and per-
sons who have special fiscal year
governing their accounts pay on other
dates, and the January returns from the
income tax express in a limited way
the experience of special group as to
accumulations of taxable profits and
earnings last year. It is getting to be
pretty obvious that stock market losses
OF 1929 are going to produce a very
considerable writing down of income
tax payments in 1880, whether the
writing down reaches the 20 per cent
reduction foreshadowed by the jan
uary figures or not.
Panama Canal tolls in 1929 exceeded
nf IaA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
LISTING VALUES INCREASE
DURING FIRST MONTH
By the Associated Press.

By the AsbOcIateu Press.
NEW YORK, February There was
a large increase in listing value of Sc
curities admitted to trading on the New
York Stock Exchange last month over
both the previous month and January.
1929. New and additional listings ag-
gregated $2,113.141 1903, while the De-
cember total was 81 1853, 172 ,099, and
January a year ago, 81 ,428, 097, 781. The
reverse was shown on New York Curb
Exchange. Securities granted full list
ing privileges on the curb last month
amounted to ST., 764,9 compared with
1891 Asst $40 in the previous month and
1897 ESQ, 400 in January, 1929.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
Markets at a Glance

NEW YORK, February (P).-Stocks
firm; communications issues soar.
Bonds steady; American Telephone
convertible AIS rise more than points.
Curb strong; Electric Bond d. Share
advances nearly 8 points. Foreign ex-
changes mixed; French franc and Ar
gentine peso at new 1880 lows. Cot
ton frm; trade buying. Sugar steady:
good spot market. Coffee easy; lower
Brazilian market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
CUT IN COPPER OUTPUT.

NEW YORK, February / (R.-A 40
per cent reduction in copper production,
to begin February 9, at its Morenci
smelter, has been announced by the
PhelpS-Dodge Corporation. The cut
viii be effected partly by the inaugura-
ton OF the five-day week. Production
at this smelter has been at the rate of
about 100000 pounds of copper
monthly.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
BIG FOUR MERGER.

NEW YORK, February / (P).-The
merging of the Big Four" and. the
Michigan Central Railroads, subsidiaries
of the New York Central, into q part Of
the main system was declared effective
at midnight last night The two roads
will continue to be operated as hereto
fore, but with closer relations with the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01

No matter what the condition of the financial
market, one class Of Uise investors Throughout
the history Of this country has had a mo-
naents vOrTy about the security of their inOest.
nents or the continuity of their incOme-in 1929
az in 1888 their funds, placed in First Mortgage
Notes based on sound property OGLues, haze
GIGUGys yielded them a steady return.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
PARIS BOURSE PRICES

PARIS, February (P.-Prices were
hrm on the Bourse today. Three per
cent rentes, 80 francs IS centines. Five
per cent loan, lO2 francs SIS confines.
Exchange on London, 1913 francs 80
confines. The dollar was quoted at IS
francs 4s1a centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01

A MERICA reeled under the
~ blow of the panic of 1893
Capital and credit had
been diverted from the normal
courses of industry in an era of
wild speculation industrial
development was halted.
Then the giant figure of cleo
trio power strobe on the scene
through the Stanley trans
former, power could be carried
hundreds of miles new
lands, new resources were
thrown open the capital
which had been fruitIessIy
placed in speculation returned
to the cOuntry's necessary de.
velOpment. And the Nation
forged ahead!
Today, after the minor
"crash of 49," investors are
realizing more and more the
wisdom of placing their savings
in needed Developments
necessary building projects in
the growing city of Washing.
ton.
The s per cent First Mort.
gage Notes on investigated
Washington property offered
through Swartzell, Rheem &
Hensey Company are recog-
nized as the sOundest Of secur.
tiles ;. Through the panic of
'93, through all the varying
financial conditions since the
founding of this Company in
1869, these Notes have always
paid their steady, unfailing in
terest return.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
NEW YORK COTTON.

NEW YORK. February Especially -
In sympathy with the stock and grain
markets, cotton steadied today and
prices improved nearly 81 a bale from
low levels Of the week, ending IL to
is points over Fridays close.
There was less Southern selling and
distress liquidation while mills fixed
prices Houses with continental con-
nections bought and shorts covered gen.
orally: Spots were advanced Is points
to 1850.
Cotton range:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
OUTLOOK IN STOCKS
DECLARED BULL|SH
New York Economist Says
Weight of Opinion Is on
Buying Side.

Special Dispatch to The Star.
NEW YORK, February 1.-Justifica-
ton exists at this time for making more
liberal commitments in recommended
common stocks, declares Gage P.
Wright, New York economist.
1T is obvious" says Mr.. Wright
that the recent improvement in gen.
eral business conditions and the change
for the better in investment sentiment
has perpleXed to a certain extent some
authorities. And we continue to find
q few advocates of such policies az
using the present advance in prices as
an advantageous level for eliminating
issues having doubtful outlooks Ito
which policy we subscribe), the preser-
walton of liquid capital as first con-
sideration and the expectation that
stock prices yet will have decline OF
substantial proportions. In fact, an
occasional analyst believes that the
markets current action is not due to
any favorable, fundamental develop
ment but rather its technical position;
in other words, the betterment in the
steel industry is largely seasonal or
perhaps merely fash in the pan.
BuIIish Opinion.
Approaching the investment out
look from the other hand, we observe
many definitely more bullish express
sions of opinion that the stock market
is displaying additional evidence that
period of broad accumulation of good
common stocks is under way and that
this absorption is the forerunner OF
substantial price advance.
Although no sweeping change mas
occurred in the investment situation to
warrant immediate completion Of fun
portfolio of equity issues, much evidence
prevails that the amount OF stock 1or
sale underbalances the absorptive power
of the buying demand. Banks holding
the collateral behind SLOW loans are
believed to be making progress in the
forced liquidation process involved
without causing more than normal re-
sistance to an upward trend in stock
prices.
Furthermore, we observe that many
authorities express the belief that the
worst of the current recession in BUSH
ness probably is passed, and that we
may now expect gradual improvement
in many lines. OF particular signifi-
canoe in substantiation of this view is
the recent upturn in employment; espe-
cially because unemployment usually in
cre5ses in January.
Potential Buying Power.
att is believed that there exists con-
siderable potential buying from in
vestors who sold stocks late in Deem
Der for the purpose of registering taxa
ton losses. The law requires lapse OF
80 days before repurchase, which period
is now practically completed.
Although it is conceded that general
business still is unsettled in many re-
spects and patience may have to be
called upon in order to retain a proper
perspective of the investment situation
as a whole, the purchasing or holding
Of a well diversified list of equities in a
croSs-section Of this countrys pro-
gressive industries receives ample au-
thoritative justification at this time.
Our weighted average or authorities
opinions is in q bullish position on rec
commended stocks for the long pull"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
A. G P. TO EXPAND.

NEW YORK, February l R.-The
Great Atlantic & Pacific Tea Co. pro-
poses. to expand its operation into Los
Angeles and eventually extend them to
other Pacific Coast cities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01

James T. Jardine, director Of the
Oregon Agricultural Experimental Sta
ton.
Mr.. Lowden.
H. A. Morgan, president of the Uni
verSity of Tennessee.
Walter T. Swingle, plant psychologist
OF the United States Department of Ag-
riculture.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01

Dividend
~ in stock Paysbie stock Paid
year-no regular Payable
Psyante in sash or stock Plus 1919 in stock Plus e%
Plus sas in stock Plus So in stock Subject
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01

Europeans in South Africa number
100000, according to recent esti-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
Money to Loan

Secured by first deed Of trust on real estate
Prevailing interest and commission.
Joseph |. Weller S SISI wash stS Z = TEV:'
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01

Panama Canal tolls In 1929 exceeded
those Of the preceding year.
The Washington times., 1930-11-20
BECOMES
TINEKEEPER

"A new robot, or mechanical
man. is about to make its bow
in the sporting world as the
result Of an invention BY a young
washington radio engineer Max
c. schwartz, Of 71S Shepherd st
N. w.
Mr.. Schwartz has devised a
machine which apparently will
do away with that well-knoWn
official, the timekeeper, at base
ball games, boxing matches and
other sporting events.
It Is an automatic game.signal-
ing device, designed for the accu-
rate timing Of the intervals be-
tween rounds at pugilitsic bouts,
the proper length of football
quarters, etc. It Is equipped with
q bell and dials which give infor-
nation about the number Of the
round, ETC., to the audience.
The Washington times., 1930-11-20
PHsudski to Retire
For Short Vacation

WARSAW, Poland. Nov. 20
d.NS).-Ths Kusjer warsaw
ski reported today that Marshal
PilsudsId, Polish dictator who last
Sunday soundly defeated oppo-
nents at general elections and ST.
cured the right TO rule the coun-
try another five years, planned. TO
retire temporarily from his post
for a vacation abroad.
Pilsudsli's determination to
carry through a program ~ con-
stitutional reforms brouef1t bitter
political opposition and an elec.
ton marked by disorders.
The Washington times., 1930-11-20
DLDRED I ARM
MEET SLATED

The fortieth -nnual conference
Colored farmers from through.
dit fthe country win be held at
askesee Institute. Alabama. De
aber / to g, II was learned
tpday. .$
The conferences win draw dele
sstss from Maryland and vir.
l1le and from schools in this
ctfon having departments Of
Eiculture.
{ pr. Robert r. Motion, president
q Tuskegee Institute. announced
n elaborate plans were being
made for the entertainment Of
several hundred visitors and dele.
stss. Howard University is ex-
rected to send representative.
The Washington times., 1930-11-20
Smith Plea Hearing
Is Set for January

WILMINGTON, Del. Nov. 20
dNsJ--Janunry z. 8 and Q
were the dates set yesterday By
Chancellor Joseph walcott in the
Chancery Court here for the
hearing Of arguments by peti-
TONERS for examining the records
OF the r. H. Smith Company, 9
Delaware corporation with head
quarters In washington,
At the same time a hearing
will Be given on the plea Of
stockholders for q temporary
receivership.
The Washington times., 1930-11-20
English Think Gangs
Rampant in America

English people have view that
America Is more or less a large
Chicago in which g1nn1cn run
rampant, Herbert BrooKeS, the
Australian commissioner general
in the United States, told the
Rotary Club yesterday at It's
luncheon in the willard Hotel.
Commissioner Brookes also sold
that Americans hold the view that
English people live in social and
political condition far more re-
stricted than their own. Com
missioner Brookes was introduced
by q fellow Australian, II. A..
Brooks, now . D. c. Rctarian.
The Washington times., 1930-11-20
THIS JOKE cosTs $40

ALEXANDRIA, Va. Nov. 20.
Taking an auto tire from the ga.
rage Of A. Rosenberg. Potomac, as
. joke, cost hubert Willet. Is. SO
and costs when arraigned Ia Po-
lice Court yesterday.
The Washington times., 1930-11-20
Fire Mendces Shops
At 10th and ID Sts,

A fire which threatened the
buildings at Tenth and d Streets
Northwest broke out in Kerstein's
furniture store. at 4O6 Tenth st.
N. W., early today, but was
quickly subdued after four fire
companies reached the scene.
The fire Is believed to have
started from q carelessly thrown
cigarette. Firemen were forced
to enter the burning structure
through the second and third
story windows Of the Walter 3.
Williams Company, on the corner.
The Washington times., 1930-11-20
Catarrh Successfully
With This New Discovery
Oex Opens Catarrh Stuffed Nosris in Three Minutes
Lessons Buzzng, Ringing and Singing in Ears When
SC Caused By Nasal Catarrh, Says Authority
80 Days Free Trial Say
PEOPLES DRUG STORES

The thousands of intelligent read.
4Ass who have tried in vain to find
4onathing that actually will. cleanse
the nostrils and throat of disgusting
mucl1s will be glad to know that
Opex can now be procured at Peo-
rles Drug Stores, who win be
Pleased to show you how simple 1t
IS with Opex to successfully treat
eatarrh and its stubborn symptoms.
Now all you have to do is to spray
ertly, and over the entire irritated
&l1d mucus infected membrane, this
SCOT hing, cleansing vapor of Opex,
eaching every nook. crevice and
fald in the membrane and opening
p III minutes the stuffed up pas.
es. ne
t seems like a miracle, but after
yos1 use Opex a few times each
day for few days. you will find
that the irrftated. tender membrane
i relieved. shifting and hawking
HAVE ceased and the discharge OF
catarrhal nucus has stopped.
II Is worth a, whole lot of money
rot to have Catarrh and buzzing
oiseg innthe ears. but Opex, which
al "a so little. will send it's helpful
like vapor just where 1t will
the most good When you spray
Gosx you can send the healing
kyinR vapor from one nostriI
Eu the other tsee nictnrel or from
The Washington times., 1930-11-20

either nostril to the bottom Of the
lungs and out thru the mouth-you
can actually see this steam like
smoke coming from nostrils. or
mouth. =,
opex Is sold with the distinct uns
derstanding that II you are not sat
isfied at the end Of 80 days your,
money will be gladly: refunded.
Opex is delightful to use because OF
its wholesome fragrance and one
bottle will last 2 months.
The Washington times., 1930-11-20
"Enterprising Monog gement"
THOMAS j. SPELLACY

fofmefly Assistant Auorney
General Of United States
Democratic nominee for Governor
Of Connecticut u910
Member Connecticut Senate uoo7.1D
'PMbIic servants, interested in the gem
eral PROSPERITY, are bound to hail aUith
satisfaction such outstanding successes
as that Of your company in the recent
months Of business depression. The ,sse
of the Ultra Violet Ray in the Todsting'
Of your tObaccos is surely an eVidence
of the extent to which your enterprising
management has gone to establish and
maintain the quality of Your product.
1t is Obvious that the reason for yOssr
success lies in this spirit Of enterprise"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-29
A Sermon for Today
BY REV. JOHN n. QUINN.

"She, supposing Him to be the gar
dener. john KRIS. ..55
It was the morning Of the flrst Easter.
Mary had gone into the garden to visit
the tomb Of Jesus. Not knowing that He
was risen, when she saw Jesus standing
near the tomb, she supposed Him to be
the gardener. While she was mistaken,
we may well suppose of Him as q gar
dener. We call Him the Good Shop
herd; we may just as appropriately call
Him the Good Gardener.
Christ, the Good Gardener, cultivat-
ing In the garden of cur hearts the
plants OF righteousness, the flowers OF
faith and hope and love, and all those
Christian graces that make life beauti-
full, sweet and fragrant How suggestive
the thought. THE fruit uf the Spirit Is
love, JOY peace longsuffering, gentleness,
goodness, faith. meekness. temperance"
Such Is the fruit of the Good Gardener
ever seeks to produce in our hearts and
lives.
Growing plants and budding flowers
inspire peculiar affection. What an
affection the florist pours out upon the
plants that grow and bloom in his gar
den. Not otherwise is 1t with the Gar
dener Of our souls. We are His plants,
and each plant has o special place in
His affection, and in His thought and
care. You may be planted in some abb
scure part of His garden, but you are
not neglected by Him. AS in earthly
gardens Is 1t not in hidden and hum
BILE places thai we oftsn find the most
beautiful and fragrant flowers that grow
in the Lords garden?
The Good Gardener knows what Is
best for us in soil and rain and sun. He
knows when to use the pruning knife
of discipline. He knows when our
hearts become as fallow ground and
need breaking up with the ploughshare
Of affliction. He knows when the soil
becomes arid. and needs watering with
a fresh supply of grace. And how pa
tient He always is. When He might cut
us OF Is cumberers of the ground, He
grants us another reprieve. what graft
tude should be ours, for the patience,
tenderness and skill bestowed upon us
by this heavenly Gardener
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-29
PERSONAL HEALTH SERVICE
By WILLIAM BRADY, N. D.

and the Board of Education see the
fallacy of striving for 100 per cent at-
tendance records. one school vieing
with the other for the better record?
WHY not try for better health
records and lower epidemic standards,
instead?
In order to attain this 100 per cent
attendance record children with slight
colds insist on going to school and
teachers encourage them to do so, thus
carrying disease to their classmates.
I'm for sending any child with sus-
picious symptoms home or keeping
those with such illness at home, out OF
school long enough to ascertain
whether the illness developing Is O
communicable one ."
This mother has q sound understand
ing Of the best principles Of sanitation
or health conservation. The schools
where everything Is subverted to the
preserving Of the maximum attendance
record are probably the places where
many unnecessary epidemics are
started, just rs this wise mother ex-
plains, by admitting q child who OBJ
viously hes the cri. No doctor, health
expert, teacher or parent can foretell
in the early stage what the cri is going
to be-possibly measles, possibly whoop-
ing cough. possibly scarlet fever, or
doesn't take the curye or the crime
That the teacher, nurse or uEfieg person
In authority assumed the child had
merely slight cold"
(copyright, 1eso)