davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-12
GREWSOME STORY
PROBED BY POLICE
Truck Driver Says Man Admitted
Burning Body Hauled
in Barrel.
BY the Associated Press.

By the Associated Press.
SPRINGFIELD, ILL.,, February a.
The story of purported Staying and
subsequent disposal of the body by
burning at Florence, ILL.,, was being in
vestigated last night by officials Of
Springfield and Hannibal, Mo.
Harry Ross. a former Springfield Junk
dealer, was arrested at Hannibal on in
formation furnished by Jesse Hornbeck
Of Newport, Ind, an auto trucker, who
told police he had been hired by Ross
to haul load of goods from Springfield
to Hannibal. When the machine
reached Florence. Hornbeck said, Ross
took a sealed barrel from the load,
built a huge fire and destroyed 1t.
The witness said Ross admitted to
him that a body had been quartered
and placed in the barrel.
Police on searching Ross rooms
found the walls and furniture blood
despatched and evidence of struggle
IAN examination of the remains of
the fire revealed a number of bones,
which coroner's physicians said were
those of a human.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-12
NAVIGATION DEMANDS
OF LAKE STATES URGED
Former Iowa Governor Declares
Power Interests Are Control
ling st. Lawrence River.
az the Associated Press.

BY the Associated Press.
DETROIT, February 12.-Asserting
that power interests are sitting on both
Sides of the st. Lawrence River and
that navigation of the stream is rele-
gated to second place, William S. Hard
ing. former Governor of Iowa, last night
declared that the lake States should
present a united front to the Illinois
River demand for water for navigation.
In addition to the lakes-to-gulf route
and regardless of whatever else may
happen, Harding said the lakes-to-the-
Atlantic route. using the Hudson River
and the Erie Canal, should be develop
ed. He was speaking at the Wayne
County Republican Clubs annual din
ner.
For the past 10 years the States
surrounding the Great Lakes have been
fighting to have the ST. Lawrence River
developed for ocean travel" Harding
said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-12
Five Couples Licensed.

BY STAFF Correspondent of The Star.
UPPER MARLBORO, Nd, February
12-Marriage licenses have been issued
here to the following: Alfred Stanley
Hall, %, and Margaret Rice, 26, both
Washington; Thomas Edward Salkeld,
20, Washington, and Anna Beall Jar
Doe, II. Hyattsville; Alvin l.. Carroll.
81, and Edna Mae Cutchall, 81. both
of Washington; Louis Marvin Robin
son, "a, and Landonie Madden, 20, both
of Washington. and Warren M. Get
tie. Is, and Hilda Virginia Davis, 81,
both Of Alexandria, Va.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-12
Fire Damage Closes School.

BY Stan correspondent Of The Star.
FLETCHERSTOWN, Md, February
12.-The colored school here was closed
today, having been damaged by fire be-
lieved to have been caused by a
neglected stove. The building was saved
by the Bowie Volunteer Fire Depart
ment. Damage was about $3.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14
STOCKS IRREGULAR
IN PROFIT TAKING
Rails, Merchandising Shares
and Some SpeciaIties Are
Under Pressure.
BY STANLEY w. PRENosIL,
Associated Press Financial Editor.

NEW YORK, February 14.-The stock
market went through another series
Of erratic price movements today in
which the steels and public utilities
we're featured on the upside, while
the merchandising issues and rails
showed the largest declines. Trading
was fairly heavy in volume, with the
ticker 10 minutes late at one period
during the morning.
CAN money renewed at 4 per cent, but
advanced to Az as banks called loans
to strengthen their position at the Fed
eral Reserve. Apparently. little atten-
ton was paid to the increase of S48, 00o,-
600 in brokers' loans although some OBJ
servers were inclined to regard it as an
indication that stocks were passing from
strong to weak hands
Foreign trade figures for January
mace an untayorable comparison with
the same month last year. merchandise
exports dropping $70956, 900, while i'm
ports declined $56.636, 0OO Otherwise,
there was little in the days business
news to influence the price movement.
U. 5. Steel common was pushed I'D 3
points to new 1880 high at 1874, or
slightly more than a point below the
high reached in the December recovery
and nearly 20 points above the price at
WHICH Tie SCOCk recently was Otfered
to employees under the partial-payment
plan. Republic steel was marked UP
more than points to 1919, Vanadium
ga, to 70; Colorado Fuel 3l4, to 81;
Central Alloy "a, to 34%, and Gulf
States ~, to 67l2, all 1880 high rec
ords.
At least dozen public utilities led by
Brooklyn Union Gas, with a gain OF
nearly 6 points. moved into new high
ground for the year. Vulcan DEFINING
scared IL points on odd lot transac-
tions, Westvaco Chlorine 6Ia, U. S. In
dustrial Alcohol 6A, Air Reduction 5
Commonwealth Power Az. Southern
Diaries A and Westinghouse Electric
3ss, but some of these gains were re-
duced by the wave of realizing which
followed the higher call money rate.
Pittsburgh Coal broke 8Ia points to a
new low at so, but quickly rebounded
to IS. Simmons sold down more than
8 points to 65ts, but snapped back to
68. Norfolk and Western dropped I
points, Auburn Auto, 5i2; Jersey Cen
trail, 5, and McCrory Stores B, Union
Pacific, Peoples Gas & Atlantic, Gulf &
West Indies sold down to 4 points
Several of the oils and motors yielded
point or two.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14
Investment Securities

Bond yielding 5.s5 entirely convertible into
com. stock.
COURTLAND NIXON, 1918 K St.
Nat. 1926
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14
RESOURCES.
LIABILITIES.

Banking equipment ........... 9,52s .o6
s2,44l,129.97
LIABILITIES.
Capital stock su-
ca ssGsiEed stock IN: 'sOoo'ooo.oo
Capital stock outstanding ST. os 400 90
surplus and profits .......... 6lS,747.52
On securities pur- .,,,o
on mace accepted loans i'i 1000 121.1ss 90
ssssgTTttis: held for customers. 35s.2s?ss
Thrift trust notes. ............ los, 495 SO
s2,441.l29 81
In addition to President j. r. Waller,
the officers of the bank are Austin c.
Waller. William L. Symons and j. r.
. Guthrie, vice presidents; Thomas B.
Lawler. secretary and treasurer, and H.
D. Saunders, controller.
Groom Joins Commerce Bank.
Announcement was made today by
the Bank of Commerce & Savings, at
Seventh and E streets, that Thomas j.
Groom is to be elected vice president
and cashier and will assume his new
duties on March 10. Mr.. Groom has
resigned his position as vice president
of the Washington Mechanics Savings
Bank after nine years connection with
the institution. He mas also mad f1ve
years experience with other banks and
is a graduate in law. He is one Of the
more prominent younger bankers in
the city and native of Alabama.
Mr.. Groom succeeds Frank Owings,
who has been connected with the Bank
Of Commerce & Savings for 16 years.
Mr.. Owings has resigned to give his
full time to personal business. He has
made such brilliant record in the
banking field that his resignation has
been accepted with deep regret by the
directors. He has however, accepted
election to the board, and. as a director,
will remain n close touch with the in
stitution.
B. & o. Nets 5000 a Share.
The preliminary statement of Balti-
more & Ohio Railroad Co. for year
ended December 81, 1929, shows net
income of 8,767, 908 after taxes and
charges, equivalent after 4 per cent
preferred dividend requirements, to
5000 a share on 2.562,95 shares of
common stock This compares with
S29,1o0,930 or $12.43 a share on 2.151,-
S78 shares of common stock in 1923.
Preliminary income account for year
1929, compares as follows:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14

Nation, and considers the present busi-
ness situation on sound basis.
Referring to the International Bank.
Mr.. Waller says that the number of
stockholders increased during the year,
and still wider distribution is expect
ed as the result of the reduction of the
par value of the stock from 500 to $40
a share, voted last August and put into
effect IN December He reports the
special service department. insurance
department and the Realty Investment
81 Securities Corporation as showing
steady progress. The statement of con-
dition as of January Is, 1880, follows:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14
s2.441,l29.97

In addition to President j. R. Waller,
the officers of the bank are Austin G.
Waller. William L. Symons and j. r.
Guthrie, vice presidents; Thomas B.
Lawler. secretary and treasurer, and H
D. Saunders, controller.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14

SILVER QUOTATIONS.
NEW YORK, February IA CR).-Bar
silver, 433z; Mexican dollars 32h.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14

Inc INTERNATIONAL
Bank is not a bank
of deposit, but con-
ducts an invest
ment banking busi-
ness on a large
scale.
President Waller
calls attention to
the stock = market
crash, which he
says adversely af-
fected the opera
tons of all hnan-
cial institutions.
He lands the action
taken by Preside
Hoover to prevent
permanent damage
to the financial
structure of the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14
Mergenthaler Exchange Leader.

neTEeHtndIeT Exchange LedQeT.
Mergenthaler Linotype was the Wash
ington Stock Exchange leader today,
70 shares changing hands at 1o81a
and 10 more at 10834. In the bond
division there were four 81 900 sales in
Capital Traction S. three being record
ed at IS and the other at 951s.
Potomac Electric Power 512 per cent
preferred came out at 1912 on
36-share turnover, while a single share
of the 6 per cent preferred sold at
1909. A single share of Riggs Ma
tional moved at 526.
National Mortgage & Investment pre-
ferred moved to the extent of 100
shares at Az Seventy-f1ve shares of
Real Estate Mortgage g. Guaranty pre-
ferred sold at 7 and 800 shares of
Washington Mechanics Mortgage COM
mon registered 9l2. Carpet Corporation
figured IN a 25-share sale ut 1884. Po-
ton1ac Electric Power and Washington
Railway e. Electric issues are now SELL
ing ex-dividend.
Atlantic g. Pacific Expands.
The Washington Office of the Great
Atlantic S Pacific Tea Co. announces
that the chain store system is to open
branch units On the Pacific Coast
about March IS. The first of these
stores are to be opened in Los Angeles
1HGIE Will DC IL tIidL Cltys anu OH"
ers will later be established along the
entire West Coast. The A. g. P. Co.
started 70 years ago, and the present
move is said to be the largest eXpan-
sion step taken since the organization.
The company started with one store in
New York City in 1859.
Up to the present time the system
has not extended west of Omaha, hav-
ing $4,000 stores in "a states. John
A. Hartford, president Of the company,
in commenting on the move, announced
that the Company ought to feel en-
tirely at home in California as it has
in the past few years paid producers
in California S145, 100000 for fruits
and other products bought in that
State.
Heard in Financial District.
Loans on stocks and bonds TO brokers
and dealers by reporting New York City
Federal Reserve member banks in
creased S48 900, 900 during the week
ended February IL to a total of $3,450,-
100000. This compares with $3,402 ,000,-
900 on February and $500 900 900 OF
February 13, 1929.
z. A. Henze, president of the Ameri.
can Institute of Banking chapter here;
I. j. Roberts, Frank M. Perley and Mis-:
Mildred Woodcock will represent the or
ganization at the annual banquet of thu
New York chapter tomorrow evening.
Eliot H. Thomson of the Washington
Loan & Trust Co. will be the chiei
speaker at the annual banquet tonight
of the Norfolk Portsmouth Chapter
American Institute of Banking. He vii
speak on Paying the Price of Prog.
ress."
SILVER QUOTATIONS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14
NEW YORK STOCK EXCHANGE
Received by Drett

Private Wire Direct t, The Star ONCE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14

Noce-AI stocks sold in one hundred share lots
excepting those designated by the letter (65s1 (2S3s
which shows those stocks to be sold in odd
Sales of Each Stock COMPLIED to 1870 Pms
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14
BANKER REPORTS
PROSPEROUS YEAR
John r. Waller Considers
Present Business Situation
on Sound Basis.
BY EDWARD c. STONE.

John r. Waller. president of the In
ternational Bank, Jackson place, has
made his annual report to the stock
holders which shows prosperous year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-14

Smaller paper money is being urged
for Italy, graduated In size according
to value.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-23
High Wages--Higher Profits.

High wages are not tax-not even
a fair tax writes Edward A. F1lene IN
Nations Business. They are part OF the
progress of scientific management ana
one of the most necessary steps 70
greater profits. Mr.. Filene advocates
S25 minimum wage for retail sales
people. stating that industrial leaders In
the United States at least are almost
universally agreed that our high wage
system is one of the principal pillars OF
American prosperity.
Just a few years ago" says Mr..
Filene, most retailers opposed the SET
ting of any minimum whatever ana
where a minimum wage was adopted.
efforts were made to recoup the loss
by marking up the prices. This Illus
trates the difference between sclentlnc
and traditional business. The sclen-
tific manager, confronted with a mini
mum wage, knows that mark-upS can
not permanently recoup loss
ut is conceivable that he may reduce
the force-conceivable, but not probable.
If he shows 500 employees how they can
accomplish as much as 1000 employees
were formerly accomplishing, 1t must be
supposed that he would let the other
500 90. But 1t does not work out that
wav. The same methods will double
the efficiency of the 1,000 and the or
Qanization, instead of doing its work
with half of it's force. does twice as
much business with the usual number
of employees.
"Higher wages, instead Of being the
bugbear which employers have tradl-
tionally imagined them to be, are one
of the profitable necessities Of efficiently
managed business"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-23
UPTURN IN MACHINERY
TRADE is TEMPORARY
Special Dispatch to The Star.
NEW YORK, October %.


NEW YORK, october 23,-The re-
currence of spottiness and the abrupt
halt in an upturn which was beginning
to make itself felt in the Nations ma
chinery markets. are being laid at the
door of the bears, whose 'maneuverings
in Wall street seem also to have affect
ed the machine-tool industry, reports
American MachiniSt.
Reports of to 10 tool orders in
certain markets during the past week
are contrasted with single-tool commit
ments reported in others. Manufac-
turers and dealers, cooperating much
better than they have for years, find
themselves met with evasions and de-
cisions to wait until something turns
up" Just what will turn up is re-
garded as extremely obscure, but pur-
chasers seemingly fail to realize that
current deliveries are better than good
and that the next movement of the
price index will be up-not down.
New York has some railroad build
ing, but few machine orders beyond
one for nine tools. Philadelphia mar
ketS are quiet, with the exception of
Baldwin Locomotives purchase Of eight
radial drills for replacement. Chicago
and Los Angeles base their hopes on
inquiries received.
Detroit reports sales of some spe-
cialized tools, but a quieter condition
of the market generally. New England
small tool sales are steady, others slow,
though business sentiment is more
cheerful. Buying in Cincinnati mar
kets during the week was for single
tools for immediate need. Inquiries
there, as in most other sections, are
no indication of possible purchases be-
cause of the number OF inquiries for
catalogue purposes only-or predicated
on a trade upturn. Buffalo reports a
number of industries going great
guns" others quiet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-23
LET-UP IN BEAR RAIDS
Is HIGHLY PRAISED
Special Dispatch to The Star.

special Dispatch to The Star.
NEW YORK, October 23.-Banking
Trends, published by Rochliff 81 Co.,
says:
THE recent difficulty Of organized
bear spectators In borrowing stocks is
largely the result of the reluctance of
many member houses to lend shares for
the purpose of further depressing prices.
AS has already been demonstrated, the
result seems to have been Salutary in
that 1t has quoted trading to q con-
siderable extent, stabilized price move
ments and treasured many nervous in
vestors who might, under such circum-
stances, throw overheard shares worth
considerably more than current listed
prices.
1T Is fortunate that corrective meas
ures have come from Stock Exchange
members. Short selling, while not
harmful of itself under most conditions,
Is, under certain circumstances. to be
deplored. Had organized pressure been
permitted to continue, investors might
eventually have lost confidence in the
Stock Exchange and its methods.
1.-THE American people are not averSe
to freedom of speculation provided 1t
Is kept within the bounds Of modera-
ton. It is not the use Of the privilege
which Is harmful, but its abuse. In
view of the present business stress,
cessation of organized activities leading
to further defiation is well timed"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-23
GOOD RECORD MADE'
IN 1880 DIVIDENDS.
Of 80 Stocks All But II Have
Paid CaSh-0nIy a Pay
mentS Reduced.
Special Dispatch to The Star.

special Dispatch to The star.
NEW YORK. october 23.-Of the 80
stocks included in the Standard Stats
tics Co. daily composite index of mar
ket values, made up Of issues occupying
a position of market leadership and
generally of major trade Importance, all
but II are currently on a cash dividend
basis. Distributions have been reduced
or eliminated since the beginning OF
1880 in four instances All the rails and
all but three utility stocks included In
the index are currently receiving d1vl-
dends. In neither of these groups have
any rate reductions become effective
during the current year.
Earnings for 1880, estimated on con-
sentative basis, should be sufficient TO
cover common disbursements at prevail
ing rates in the case of So, or 10 per
cent of the issues. In 49 instances. or
So per cent of the total number OF
dividend payers, balance available 1or
common could decline by 10 per cent
or more from the 1880 estimate and
still be sufficient to cover payments 10
stockholders at present rates.
For seven issues, margin OF SAFETY Is
in excess of 40 per cent, while IN 70
instances 1880 estimated earnings could
decline bv 25 per cent or more while
remaining adequate to provide for pres
ent dividends. One stock shows sa1ety
margin of more than so per cent,
It is interesting to note that, despl1e
the relative stability of utility earnings,
safety margins in the power, hgnt ana
communications group are almost uni
formly higher than in either the indus
trial or rail classifications. Such a phe-
nomenon affords partial explanation
of the high price-earnings ratios cur
rent among the utility shares. on the
other hand, the rail shares-which, as
a group, are selling lowest on earningS-
make relatively the least favorable
showing of the three major clasSlIica-
tions as regards margin of safety for
common dividends.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-23
GRAIN MARKET

CHICAGO, october % (SpeciaD -
The wheat market was weak To-Day
under scattered selling hnuencg9 Wy
the disappointing action of the Liver
pool market and the weakness in North.
west markets. December, old, opened
so1a to ao9s; new, so24' o. March n1a1 OLD old
s53s to 85h; new, S55s to 851a. After
frst half hour, December, old, sOM;
new. 8O5s; March, old, 837s; new "a;
May, old, 851s; new, 1884.
Corn sold lower with wheat. De-
cember. old, opened 1888 to 1878; new,
1875: March, old, s11a; new, 81 y; May.
old, 81 to s37s; new, 8414 to 81: Ate! After
the first half hour, December, Old 1879:
new, 1873; Marcn, olo' o ST14' "e"' % 20
Oats were easier. December, old,
ouened 373s to 371s; March, old, 391s i;
May, old, 4014. After the first nan
hour, December, old, 371s; March, 80 IS ;
May, old, 40.
Provisions were weak.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-23
Wall Street Briefs
BY the Associated Press.

BY the Associated Press.
Insuranshares Corporation has Of
fered to exchange certificates of its
first custodian shares and second
custodian shares for certificates of COM
bined trust shares. The present ex-
change offer represents one of the in
itial steps in It's offering program and
is on the basis of four-f1fths OF share
of first or second custodian, plus 80
cents cash, for each combined trust
share held. The offer expires Oc-
tober 81.
Announcement was made yesterday of
the formation of Allied Water & Util-
tiles Corporation for the purpose Of
engineering, financing and managing
public utilities, with headquarters in
New York.
YOUNGSTOWN Sheet & Tube Co. con-
templates no early change in its blast
furnace schedule until more definite
signs of improvement in the steel in
dustry appear, Dow, Jones 81 Co. re-
ports. One stack at the Hubbard
Works, reported to be nearly ready for
blow-in, has been melting for 10 days
and will continue to operate intermlt-
tently in harmony with fiuctuating de-
mands for iron from the Valley Mould
e. Iron Corporation, manufactures OF
inQot moldS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-23
PRISON FARM NETS
STATE $4,000 YEAR
Cotton, Corn and Potato
Crops Raised at Arkansas
Institution.
BY the Associated Press.

LITTLE ROCK, Ark, October as
The economic bugaboo has been EN-
GENTLY swatted in the Arkansas State
penal system.
Eleven hundred convicts, who do their
own guarding and farming on q 49,
000-acre plantation project, have made
profit of 100000 for the State above
S375,000 operating costs for the past
flscsl ye6-
Although running on a profit, Warden
s. L. Todhunter has found need for
only minimum of guards. In the en-
tire system. which embraces the walls"
or penitentiary proper, at Little Rock
and two State prison farms, the paid
personnel totals only Is. OF this num-
Der none is paid guard.
Overcrowding, blamed for recent PEN
itentiary riots, has net become one Of
the evils of prison life in Arkansas,
due to the elasticity of the system.
At the farm at Tucker, housing APP
proximately $50 white prisoners. and OF
Cummins. where $50 Negro convicts
work, prison inmates live In seven
stockades scattered over 10000 acres Of
land, of which 1900 acres are under
cultivation this year.
AS the need arises for additional
quarters, the solution Is simple. A new
stockade is built by the prisoners.
Each stockade is complete in itself.
At the penitentiary proper, built to
house 400, the average convict popula-
ton Is about IS.
The prison farms last year raised 81
$50 bales of cotton, $4,000 bushels Of
corn, 10000 bushels Of potatoes and 800
tons of hay and alfalfa. Large plant
ings of garden truck supplied the pris-
oners, and the surplus was sold on
local markets.
This year, says the warden, an IN
creased revenue from corn Is expected,
due to shortage caused by the drought.
The prison corn, well irrigated, stood
the dry spell well.