davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-07-05
ILLINOIS BONDS
PUT ON SALE

Public offering is being made by
Halsey, Stuart and Company IF
an issue of $4,000, 900 Public
Service Company Of Northern
Illinois first lien and refunding
mortgage Az per cent bonds.
Series E. due July l, 1880. at %
and interest, yielding about 1872
per cent.
The company serves 316 COM
munities located in a compact
area of Illinois, embracing the
wealthy suburban territory tribu-
tary to Chicago and the surround
ing widely diversified manufacture
ing and agricultural districts.
Electric service is rendered in 314
communities, gas in 102, water in
S and heat in 3.
The bonds precede $40, ,0O0, 900
principal amount of per cent
debentures, 100000 shares of out
standing preferred stock paying Sc
per share per annum, SO ,576 shares
of outstanding preferred stock
paying 81 per share per annum
and 454,632 shares of outstanding
common stock paying SO per share
per annum. all having combined
market value as indicated by re-
cent quotations of over $161 ,0O0..
600. In addition. 48,010 shares of
common stock have been sold at
payments which should be Com-
pleted from time to time prior to
August 2. 1890.
For the IL months ended De.
cember 81 last. gross revenues Tin.
cluding other income) was S34.
843,712; operating expenses, in
cluding maintenance. taxes and
rents (but not including deprecia-
ton. amortization of debt dis
count, etc.. $20,213.218, and net
earnings, $l4,63O,494.
The Washington times., 1930-07-05
REALTY EARNS
S2,000,000

Earnings of General Realty and
Utilities Corporation before taxes
for five months ended May 81,
were slightly in excess Of ST.
100000. This figure does not in
clude determined but unrealized
profits which will come into In
come in the second half of 1890.
Based upon business which
General Realty has on its books
and unrealized profits to be
taken later. Louis w. Abrons.
president, states that second half
earnings will exceed those of the
first half and net profits for
the full year will be subStan-
TALLY in excess of 1929 when net
income for ii months of opera.
tions ended December 81 last
was $3,4S0.611. General Realty
also has on its books business
conSummated this year, income
from which will not be received
until 1881 or 1882.
Conditions in the building
industry are on a healthy
basis" says Mr.. AbronS, "and
it is notable that while security
markets have shown a shrink.
age Of values as compared with
last year, good real estate
bought at the same time has
been sold at very much higher
prices"
General Realty has been con-
SpicuouSly active in real estate
this spring in the East End Ave
nue. district and in downtown
New York. Company also &C.
quired the Stern Brothers Build
ing on Forty-second Street be.
tween Fifth and Sixth avenues.
This property is valued at more
than $4,000, 900.
The Washington times., 1930-07-05
Baltimore Produce

! Huckleberries Supply moderate.
| Southern. per quart. Is q zoe.
J Lettuce-one California, three New
! York arrived; 2I cars TRACK. including
light; supply moderate, demand and
| trading light. market dull. California
| crates Iceberg, As dozen, fair condition
best 33.5o9t; very few higher; poorer
Big Boston. rs a eoc, few 81
l. Lima Beans-S uppl les moderate
Southern, bu. hampers al.2b q 200.
| Onlons-No car-lot arrivals. l recon
SsGS sroSs1 Eastern ssG1 sSor. F'Sk Srgns s0S
receipts light. Supplies moderate: de.
mand slow market very dull. STANDARD
crates, Yellow Bermudas, Texas. U. 5.
L. s. is. few wasty $3.50 Eastern Shore
| virginia. bu. hampers, Yellows, un-
| graded, 7569Oc: few higher.
Peaches--Three Georgia arrived: IL
cars on track including broken. North
Carolina truck and express recefp e
| moderate; market steady. Georgia. IA
bu. baskets, Hlleys. L. s. Is. y inches
min. mostly $1.25; IL inches min.
| size. $500: few higher, small size 81 2S'
| North Carolina. Ss HiIeys, U. s. Is.
large size. s5.2a0s,So; bu; baskets
HiIeys, 1% min, $500; few higher.
bu. hampers, Telephones 1s.ssG2.5O:
New York. bu. baskets. Telephones.
&1.5Oa2OO
Peppers-suppliss light Florida and
North Carolina. bu hampers fancy
s2.25 9c.5O. few $500.
Potatoes-One Maine arrived. Re-
ceipts equivalent to Virginia, Norfolk
and Hampton, 4 Western Shore Vir-
boat. New stock. no cars on track.
Supplies moderate: demand moderate
market about steady. All sections. stave
| barrels. Cobblers. L. S. Is, best mostly
&3.2s; poorer $.oo@3.1O; heated &2.2S q
| barrels, Cobblers, euIIs *1.4O@I5o. Old
stock. cars on track including broken.
Supplies light, demand limited: market
duh. Maine. 1O0-lb. sacks. Mts., U. s.
Is. $9.OO0225; mostly sails.
aspberrieS-Supplies moderate East
ern Shore Maryland and nearby Red,
per pit, 12glSc. Nearby black, per
at. lS01Sc.
sQuash-supplIes moderate. Nearby
| Il -bu. hampers rs a sec
TOmatoes-One Tennessee arrived:
cars on track including broken. Re-
ceipts equivalent to car Western
Shore Virginia boat. Supplies light: de-
Iugs. turning and ripes, wrapped, sxs
and larger. $1.75@1.sO. Western Shore
graded. 75cqs1.oo. Nearby a -bu.
hampers, ripe $1.25@15o
South Carolina arrived; Is recon
signed 11s s,,. cars on track track ineiudins ans
moderate; market dull Florida and
GsorEis Ten "nn Watsons; F: sc-ss ID. aver r.
average, 25@soc; 22-24 ID. average, 2o9
! Csc: each. Car-lot sales, Georgia and
Florida, some sunburned and spotted
All cars sold for freight and less.
The Washington times., 1930-07-05
Market Faces Real Test Signs of Technical
Business as Usual"
Air Marks Industry
For Coming Season

most extensive preparations to
take advantage of just such a stu
alton. Summer bargain sales have
been arranged for and will be
pushed. Quick turnovers with
small profits is the general plan.
The public generally always
benefits by such a condition while
the cash returns to the merchants,
being immediate. allow them to
keep the wheels turning all along
the line.
Buyers Benefit
Because Of the lack Of buying
power in recent weeks many mer-
chants had accumulated big
stocks, but it now appears that
these will be assimilated during
the coming weeks. The consumer
benefits because prices have been
materially reduced. According to
business leaders, almost every
line has shown a decrease in
prices, which must now make each
line appeal generally to the buy
ing public.
This is especially noticeable in
the food products line. Most lines,
especially those which are brought
from the farm, are lower than in
recent months. The housewife
benefits here, whatever the result
to the producer himself.
Department stores which have
been hard pressed to enlarge
sales during the past six or eight
weeks now see signs Of increasing
demands. 1t is anticipated by
them that the coming month will
see enough of an increase in
purchasing to make certain a
prosperous late summer and early
autumn. And they are accepted as
reflecting what may be looked for
in all other lines of industry and
trade.
The Washington times., 1930-07-05
By John E. NEVIN, Dc.

A business as usual" atmos.
phere is confidently anticipated
to permeate the industrial world
from now on. With the ending
of the Fourth of July rest period,
the so-called "set holiday season"
is out of the way until Septem-
ber.
Congress has folded its tent and
gone home. The great July COM
mittments are taken care Of.
Enormous public works planned
are to be pushed throughout the
country, but especially here in
the National Capital. The out
come, according to the leaders in
financial and industrial circles
here, must be most beneficial.
Heat Effect Nil
This, too, in the face of the
dog days" season. There seems
to be a general acceptance here
that the torrid months that the
country now faces will have less
effect on business generally than
in recent years.
The chief reason assigned to
this by the experts is that the
months Of deflation and the
stages Of uncertainty whic h
marked the last few weeks of the
tariff fight brought general bust.
ness to a stage which compelled
merchants to let their stocks run
down to a low level. with the in
evitable result that the consuming
public did without much that was
needed. Now the public is ex-
pected to stock up and their dol
lars, thus thrown into the market,
will boost trade in every line.
Sales Slated
The larger business establish.
ments of Washington have made
The Washington times., 1930-07-05
Times SQUARE Trust
C0DitdL Cut Voted

Stockholders of the Times
Square Trust Co. ratified the pro-
posal to reduce the capital stock
from 100000 to $1,000, 900, re-
leasing $1.o00,00O for surplus. The
change gives the bank the fol
lowing capital structure: Capital.
81 900, 900: surplus, $1,000, 900, and
reserve for all contingencies,
$467. .293. A reduction in the par
value of the banks shares from
500 to $40 and an increase in
the number of shares to $4,000,
giving present stockholders az
shares of the new par value stock
for each old share held, were
voted.
"Tt is the opinion of the
board the acquisition Of one or
more banks by absorption or
merger will become more logical
and negotiations leading thereto
may be promptly cOnsum.
mated" Harry H. Reyman,
chairman of the board, said.
The Washington times., 1930-07-05
UTILITY SHARES
|. ARE SOLD BY
EATON-OT|S
Profits Between $15y 900, 900
and S2O,0 ,0Oo,00 During
Second Quarter Reported

Sale by the Eaton Otis interests
Of large holdings in public utility
companies will be revealed In the
mid-year statement Of Continental
Shares, an investment trust con.
trolled by this group, according
to a semiofficial announcement
made yesterday. This company is
understood to have realized
profits Of from $4,000, 900 to
1000, 900 during the second
quarter from the sale of utility
stocks. Although it is not known
what securities were sold, the
principal utility holdings Of this
company, according to its last
published portfolio, were Com.
monwealth Edison, Peoples Gas
Light 81 Coke, Lehigh Coal &
Navigation, Brooklyn Union Gas,
Intern ational Paper & Power and
United light & Power.
The securities disposed Of, 1t is
understood, were largely or en-
tirely from the public utility
group, in which investments, on
the basis Of market value, totaled
$61,091, ,704 as of March 81, the
date of the most recent published
statement. The outstanding indi-
vidual holdings, in point Of value
at that time were as follows.
Cmonwealth Edison sS,4S5 $1s.141.Bs4
Lehigh Coal & Nav. 4o3.o53 1s,447.3 3e7
Peoples Gas....... $500 14,224, 200
cliffs corp. .;...... 246'142 50, ,s2s,sss
Combined values of holdings in
BourneFuller. Central Alloy Steel and
Donner
Because of its position in the
iron ore and steel industries, it is
understood that Continental
Shares holdings in Cliffs Corpor-
alton and the Republic Steel Cor
poration remain undisturbed.-
Assets of Continental Shares,
Inc, on March 81, aggregated
$3.50, ,664 ,572. while the correspond
ing figure at this time is prob
ably about $10,000.000 greater.
Where cash holdings three
months ago were less than
$1,750,000 they are understood to
be four times that amount now.
The Washington times., 1930-07-05

Apples--Supply moderate; Maryland
and Virginia bushel basket Transpsrents.
as 10 size. $1d2; various other early
varieties, $o.75dl25: Il busheI hampers,
various early varieties. 4O@7sc
Asparagus-Supply light Dozen bunch
crates green. large, 50 G3.50; few higher.
medium $2@2.5o small S075d125.
Beans-Supply moderate. Nearby, per
bushel, round strfngIess 5097Sc; Bounti-
fuls. 25050c.
Beets-supply moderate. Nearby per
bunch. 1ts 62c.
Blackherries-Supply light New Jer-
sey, 1s6ISc quart: Eastern shore. Mary
land and nearby. 11G1Sc.
Csbbage-Supply moderate. Nearby
bushel baskets, round type. 60675c.
a Cantaloupes-Two Arizona, two Cali
fornia, one South Carolina arrived. IL
cars track, including broken. supply
moderate. demand moderate, market
about about steady: Cai6ornia Perfectos.
&7595; pony ASS and 54s, $3a2.5O.
Arizona. Yuma district, Salmon Tints.
jumbo ASS, $3.50 $50; jumbo ass. IS;
standard ASS. $3.50; jumbo flats. Ss and
i2s, $3.50; standard flats 12s and 15s,
SIS. Honey Dews: One california ar
rived. Seven cars track including
hrokne. Supply moderate, demand slow,
market weak. California standard
crates, all sizes, mostly $2.50. Haney
Balls-no carlot arrivals, no cars track.
supply light, demand moderate: market
dun. California jumbo ASS mostly IS:
standard ASS. S4.7S; pony ASS and s4s,
Carrots-supply moderate. California
western lettuce crates. punched, best
81 qS; poorer. s292.So; Virginia. Nor
folk and Hampton bushel baskets.
punched. So975c; nearby per bunch.
Cherries-supply nearby stock light.
Sour per pound, so 1Oc.
Celery-supply moderate; California
Rr
mostly IS; New York standard crates,
mostly IS: highballs. $3.50, few higher.
Corn-One Alabama, one North Caro-
lima. arrived. Two reconsigned; seven
cars track including broken. North
Carolina exprexs receipts light, truck
receipts moderate. Nearby receipts
moderate. Supply fairly liberal. demand
moderate; market about steady for good
stock. North Carolina refrigerator car.
crates. mostly $3.50 by truck. best
$l.2J@ 1.50; poorer. $0.75@ Alabama.
crates $L5OQ1.75; nearby. per dozen,
1O@25c
Corn-One Alabama, one North Caro-
lima arrived; two reconsigned. seven
cars track, including broken. North
Carolina express receipts light. truck
receipts moderate. Nearby receipts mod
crate. supply fairly liberal; demand
moderate; market about steady for good
stock. North Carolina, refrigerator car
crates. mostly $3.50; by truck. best,
S1,2591.5O; poorer. s0.7591. Alabama,
crates, $1.5o@1.75. Nearby. per dozen,
$10925c.
Cucumbers-No carlct arrivals. One
broken car track Receipts equivalent
to one car Vorginia. Norfolk and Hamp-
ton by boat. Eastern Shore Maryland
bota receipts light. Nearby receipts
moderate; supply moderate demand
slow, market dull. Virginia Norfolk
and Hampton and Eastern Shore Mary
land bushel hampers, ungraded, S5 q soc:
few higher. Nearby h-bushel hampers
so q soc.
Eprnla nfs-n arriYals
The Washington times., 1930-07-05
S33,6OO,OOO Call on
Banks bu Tre1Surl

United States Treasury has
called for repayment by depos-
itary institutions in Second Fed
eral Reserve District on July 5,
of $l2.568,90O, representing 1914
per cent of the combined amounts
placed on deposit TO- account of
certificate of indebtedness issue
dated June 16. The call for en-
tire country is $33,695, 500. After
this withdrawal there will remain
on deposit in thi7 district $S7,.
982, 800.
The Washington times., 1930-07-05
Westinghouse Forms
NeW X-Rny COn1pnnH

The formation of the Westing-
house X-ray Company, Inc,
marks the entrance of the West
inghouSe Electric and Manufac-
turing Company into the field of
x-ray and electro-medical appara-
tus manufacture and the devel-
opment and further application
of these instruments as machines
to prolong life.
The new company, incorporated
in Delaware, on June IS, has an
initial Capitalization of So, ,OO0, 900.
The Washington times., 1930-07-05
FIRM
PLANS UTILITY
EXPANSION
Public Utility Holding Takes
35 Per Cent interest in New
Luxembourg Company

Announcement was made yester-
day by F. s. Burroughs, president
Of Public Utility Holding Corpora
ton Of America, that his company
has acquired a 35 per cent inter
est in the Compagnie Grand d'Elec-
tricite du Luxembourg, a con-
struction and distributing com.
pany which is now undertaking
the identification of the Grand
Duchy Of Luxembourg.
The entrance Of Public Utility
Holding Corporation into Luxem-
bourg marks the third acquisition
announced within a week in Eu-
ropean public utility fields, follow
ing closely the acquisition by the
corporation of a large minority
interest in L'Union Electrique
Rurale and the arrangements for
joint purchase with the Deutsche
Bank Of Berlin Of a half interest
in the equity Of Westphalia United
Electric Power Corporation Of Ger.
many.
Consolidation
This latest acquisition repre-
sents a further alignment Of Pub
lie Utility Holding Corporation
with the Mahieu-Lousteau inter
ests, which are also identified with
L'Union Electrique Rurale, and in
each instance the holdings of the
American and French interests
constitute control Of these prop.
critics, Senator Albert Mahieu, of
France is president of the Luxeln-
bourg company.
1t Is pointed out by Burroughs
that the entrance of Public Util-
lty Holding into Luxembourg is in
line with the previously announced
policy OF the corporation to secure
! substantial minority stock in
terest IN utility properties where
such interests along with those
OF associates give a combined
control. AS in the case of L'Un-
ion Electrique Rurale the holdings
of both Public Utility Holding
Corporation and the associated
French interests will be blocked
and voted as a unit.
Serves Entire Duchy
The Compagnie Grand d'Elect-
ricite de Luxembourg will serve
practically the entire Duchy with
electrical energy with the excep-
tlon OF some small localities which
draw from existing independent
plants. The company is a large
purchaser of current from the
expensive steel and other indus
trial works of Luxembourg. The
Duchy, with a population of ap-
proximately 285. 900, is the heart
OF one of the leading coal and
iron basins of Europe. The ma
lorlty Of manufacturing and min
ing concerns are located in the
southern portion of the state,
while the northern part of the
| country is devoted mainly to agrl-
culture. The total iron and steel
production Of the Duchy amounts
to 70 per cent of the Belgian total
and IL per cent of Germany's
output. The government of the
Duchy is closely connected with
the development of it's industry
and commerce. including the de-
velopment of electrical facilities.
Recent reports indicate that there
is no unemployment in the Duchy,
but that on the contrary the en-
ployment of foreign labor is sig
nificant Of its economic prosper
ity.
The management of the Luxem-
bourg company is in the hands of
a board of directors which is
limited to not more than IL
The Washington times., 1930-07-05
Acceptance Rate at
Boston Is Reduced

BOSTOl' July 3.-Federal re-
serve bank of Boston has reduced
its acceptance buying rate for l
to IS days to 1Ts per cent. Other
rates remain at 2 per cent for
46 to 80 days. 21s per cent for
81 to 100 days and 23s per cent
for 121 to 180 days.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-16
Patronesses for Benefit
Concert In .. A. R. Hall

The concert committee for the nth
annual concert of the Women'S Guild
Of the Central Union Mission and Chill
dren's Emergency Home, featuring
James Melton, tenor, In Constitution
Hall February % was announced yes
terday. The list includes Mrs. John S.
Bennett, chairman; Mrs. william o.
Abernethy, Mrs. Charles Berry Austin,
Mrs. A. E. Barrows, Mrs. Charles Bate
man, Mrs, Edgar Belt, Mrs. Andrew r.
Bird, Mrs. Bernard BraSkamp, Mrs. l..
e. Breuninger, Mrs. Merritt o. Chance,
Mrs. o. w. Clark, Mrs. Samuel Wooten
Cockrell and Mrs. A. M. Cooper Also
on the committee are Mrs. william
Knowles Cooper, Mrs. John c. Copen-
haver, Mrs. Kathe] Copley, Mrs
George M. Cummings, Mrs. william L.
Darby, Mrs. E. H. DeGroot, MRS. J..
Hervey Durham, Mrs. H. bennington
Hayes, Mrs. j. Hillman HOLSTER, Mrs.
Harry HoskinSon, Mrs. G. w. Hunt, Mrs.
G. C. Husman, Mrs. Cove G. Johnson,
Mrs. @. G. Kundahl, Mrs. Wilbur La
Roe, Mrs. G. @. Lanhan1, Mrs. Charles
Porterf1eld Light, Mrs. James Mac
Farquhar, Mrs. M. r. Orper, Mrs. VIII
liam Handy Ramsey. Mrs. H. E. Risler,
Mrs. CheSteen Smith, Mrs. Harvey
Baker Smith, Mrs. Edward Stevens,
Miss Roma Terry, Mrs. James Trimble,
Mrs. Earle Wiley and Mrs. j. A.. Win
nAr
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-16

Davis. and they attended the hop at
the Military Academy last evening.
Mr.. r. Mitchell Smith and Mr.. A.
Eric Turner Of New York are guests
over the week end of Mr.. Beverly H.
Harris.
Mrs. M. Il. Manly and Mrs. Calvin
Bertolete spent last week in New York,
where they were the guests of Mrs.
Alfred w. Kinds, wife of Capt. Kinds,
In her apartment. Friday Comdr.
Manly joined Mrs. Manly and Mrs.
Bertolete in New York, and with them
left Saturday for Philadelphia, where
they are the guests for the week end
Of Mr.. and Mrs. Martin Griffith.
Mr.. William Cushman, Mr.. Norman
McConihe and Mr.. TinSley Garrett
have joined friends in Havana, Cuba,
for a visit.
Mr.. and Mrs. e. b. Kay
In Havana for Brief Period.
Mr.. and Mrs. Edgar B. Kay are now
In Havana, Cuba, after spending some
time at Miami, Fla. They will attend
the Rensselaer, Polytechnic Institute,
and the bi-centennial of the University
Of Havana. Mr.. and Mrs. Kay will
return to Miami the latter part of next
week in time for garden party to be
given in their honor by Mr.. and Mrs.
S. M. Tatum ut the Coral Gables
Country Club. They will return to
Washington the latter part of March.
Miss Mary Temple Hill, daughter Of
Mr.. and Mrs. Thomas Temple Hill will
return today from a weeks visit to
DR.. and Mrs. Richard w. Wilkinson
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-16

in Philadelphia, where the latter are
spending the Winter.
Miss Laura Boyer of New York will
be the guest of Miss Ellen Young OF
Chevy Chase next week, after she COM
pletes visits in Newport News, Rich
mond and Leesburg, Va.
Miss Sarah Lowrie of PHILADELPHIA
who is remembered in washington for
the brilliant address she made at ore
OF the celebrity breakfasts of the
League OF American Pen Women. and
Mrs. Seymour De witt Ludlum, both Of
Philadelphia, are the guests Of Mr., and
Mrs. Eliphalet Fraser Andrews in their
country home in Fairfax County, Va.
Mr.. and Mrs. George H. Chase of
Hyannls, Mass, accompanied by Mr..
and Mrs. A. e. Dyer, also of Hyannis,
have motored to washington and are
at the Dodge Hotel.
Mrs Edward Lee Hutchinson of 1880
varnum street, Is in New York for q
few weeks.
Mr.. and Mrs. I. w. Haight of Salida,
Colo, are spending several days at the
Dodge Hotel.
mrs. Charles Kirkwood Davies of
6S08 Georgia street, Chevy Chase, Md,
Is spending the week in New York.
Mrs. Frank w. Ballou left Thursday
Tor few days stay in New York CITY,
wnere she is the guest of her sister,
Mrs. Fred j. Fay.
MRS. Henry M. Spillan has returned
70 her apartment In the Broadmoor
after spending two weeks in New York.
Mr.. and Mrs. Eric Greenleaf are
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-16
Nebraskans to Honor
Congress DELEGATION

The Nebraska State Society will give
q reception, entertainment and dance
in honor of the congressional delegation
from Nebraska, Monday evening, Feb
ruary "a, at Meridian Mansions, 240O
Sixteenth street northwest. It is ex-
pected that all Of the Nebraska Sena-
tors and Representatives and their wives
Will be in the receiving line.
The entertainment committee Is ar
ranging for a short musical program,
and an exceptionally good orchestra has
been secured for the dancing which
will follow. The dance program will
be varied by a prize waltz, for which
prizes will be awarded to the couples
receiving first and second honors.
During the course of the evening an
exhibition dance will be given by pu-
pills from one Of the prominent wash
1ngton studios.
The 1890 membership list Is to be
made up at this meeting, and those in
charge are making q drive for 800
members. All Nebraskans are urged to
Cooperate in the effort for . bigger
and better society.