davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
Oil Stocks
BY GEORGE T. HUGHES.
BY the Associated Press.
From Yesterdays $50 Editic

(This is. the fourteenth Of q series Of
principal oil stocks. The intent is not
any 'e pSrticuIsr sc stock, but to sive the
investor such information as may enable
course)
Another oil company with a capital
structure Of the simplest character is
Standard Oil of California. There are
no bonds, there Is no preferred stock
and the only capital obligation is some
100000 shares of no par value COM
mon stock. The present company dates
back only to 1925, but its predecessor
was one of the original Standard Oh
group. It is said to be the largest crude
oil producer in the United States and
the third largest refiner in the world.
The 1929 earnings statement, which
has only recently been made public,
showed earnings Of 1910 Q share on
the average number Of shares outstand-
ing during the year, against 1885 Q
share In 1928 also on the average num-
Der outstanding during that period. The
market capitalizeS these earnings at 3
very high rate even for q Standard Oil
company, but that is partly due to the
fact that the stockholders do not have
to divide their profits with any bond
holders or with the owners Of any senior
security, Is already mentioned, ana
partly to the extremely conservative
character Of the bookkeeping.
In 1929, for instance, operating in
come was. $66, 3S4,618 and the charges
to depreciation and depletion were
$21, 089, 201, more than 80 per cent. In
1928, with operating income only rifle
under that of 1929, the charge-off was
SIG, see, 900. In 1927 the deduction was
$40, 053, 900 and in 1925 It was S10,-
$4,000. The present dividend rate Is
$3.50 in cash, but late last year 2 per
cent extra was paid in stock. The De-
cember 81 balance sheet showed the
strongest kind of a financial position,
with all current liabilities of $12,032, 1888,
against which there were cash and mar
ketable securities of $27 702.
If the problem of overproduction is
solved in part or in whole Standard
Oil of California stands to benefit as
much as any other one oil company, and
in appraising the market price of the
stock this Is the important fact to
bear In mind.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
CURB SHARES GAIN
IN HEAVY TRADING
New Money Post on Ex-
change Facilitates Opera.
tions-Many Advances.
BY JOHN A. CRoNE.

Special Dispatch 10 The Star.
NEW YORK, April 23.-Stimulated
by the new facilities offered to margi-
nal traders, with the establishment Of
money desk, where call money opened
at 42 per cent, trading on the Curb
Exchange today registered the largest
volume thus far this year.
Opening strong with punched orders
In leading securities numerous, the
market moved irregularly higher in the
nrst two hours, displaying signs Of
profit teking shortly after midday
which cancelled some of the early gains
Public utilities oils, investment com.
panies, natural gas shares and miscel-
Ianeous industrials piled up the largest
volume of trading and registered the
WIDEST advances, while the copper list
displayed the weakest trend.
Electric Bond 81 Share opened higher
and continued strong. Cities Service
opened unchanged, but pointed up
wards. Standard Oil of Indiana showed
only slight gain. Fox Theaters A and
Radlo-Keith rights led the amuSementS.
The feature of the opening was the
initial transaction in Petroleum Cor
poration of America. This stock came
out in block of Al, 800 shares, one of
the biggest deals thus far this year, at
2812, a new high price and up q. The
grade oil securities.
Commonwealth Edison, International
Utilities B and about 10 other active
utilities climbed into new high territory
during early trading. Then Securities
General Corporation old shares, with q
leap Of IS points, and the new shares
with gain Of point, moved to new
peaks for the year.
New York Investors followed the lead
taken by Securities General Marine
Midland. Corroon Reynolds and insult
Utilities also headed for higher levels.
Southwest Utilities Gas was the first
Of the natural gas issues to attain q new
maximum quotation. Lone Star Gas
gained following its acquisition Of West
ern & Stamford Cas- Appalachian Gas
continued active. Floor rumors, which
lacked confirmation, to the effect that
Driver Harris would declare a stock
dividend of 100 per cent and retire its
bonds, stirred that issue into activity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
FINDS AUTO PRODUCTION
MOVING AT HIGH SPEED

Automobile production Is Just getting
into high speed after having Travelled in
second for the past four or five months.
Alfred Reeves, general manager of the
National Automobile Chamber Of Com
merce, declared in radio talk.
April production, Mr.. Reeves said,
was running well ahead of March, and
he emphasized the point that current
production IS based upon the require
ments of dealers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
GRAIN MARKET

CHICAGO, April 23 (SpeciaD The
wheat market was frmer today on buy
ing encouraged by strength IN Liverpool
and announcement that the farm board
had purchased 100000 bushels cash
wheat In Kansas City yesterday. Offer
ings increased on the advance. May
opened lO4N to 104N, July, 106 to 1s;
September, 1924 to "a. After first
half hour, May, 1o4A; July, 1o61s;
September. 109H.
Corn was higher with wheat. May
opened 81 to Y, July, S31z to Is; Sep
TENDER, 843s to ". After first half
hour. May, 82A; July, S3A; September,
849s. Oats were firm. May opened
42h to V, July, 4S to u; September, AZ.
After first half hour, May. 42A. July,
43; September a.. Provisions were firm
with grains. ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
NEW YORK COTTON

NEW YORK, April % (SpeciaD -
The cotton market opened moderately
most of the strength shown by the new
crop months. Trade shorts continued
to cover in near months, with COM
mission and wire houses still selling.
Opening prices we're May, 1856, up 2;
July, 1885, up S; October, old, 1914.
up 4; October, new. 14.89, up S; De-
cember, old, 1929, up s.; December
new, 1905, up z; January, old, 1887,
up z; January, new, 1910, up o; March,
1882, up 5.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
POTATO MARKET.

CHICAGO, April % up Omitted
States Department of Agriculture) -
Potatoes-Receipts. 10 cars; on track,
335 cars: total United States shipments,
685 cars; old stock, trading fair; mar
ket firm; Wisconsin, sacked, round
whites, 3.00a3.10; fancy, shade higher;
Minnesota, sacked, round whites, 2.90a
500, Idaho, sacked, Russets, 3.75a3 80;
few, 3.95a4.00; new stock, trading fair;
market stronger: Texas, sacked, Bliss
Triumphs, 4.50a4.75; mostly ATS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
METAL MARKET.

NEW YORK, April az (P1.-Copper
unsettled; electrolytic, spot and future.
H., Iron quiet; unchanged. Tin weak;
spot and nearby, 1852: future, 35.87.
Lead quiet; spot. New York, $50; East
st. Louis, $40. Zinc easy; East st.
Louis, spot and future, 40. Anti
mony, 1852.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
PIERCE-ARR0W PROFITS
SHOW GAIN IN MARCH
special pispatch 10 The star.

bpeclaI Dlspatch 20 The Star,
BUFFALO, April 23.-Pierce- Arrow
net profits for the first quarter ending
March 81 were $461 ,401, against $44S,-
532 last year, an increase of $12,669.
Sales of passenger cars in the initial
quarter this year. were 2,244, against
1,769 last year, an increase of 26.9 per
cent.
The directors declared the regular
quarterly dividend of IL % on the pre-
ferred stock, payable June to stock
holders Of record May 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
NEW FINANCING.

NEW YORK, April % (P).-New
financing is being arranged for the
recently formed Duquesne Gas Corpora
ton, It was learned today. It will take
the form of an issue of 81 .000, 900 con-
vertible Ga per cent secured gold notes,
maturing in 1885. each note CONVEX
tible into 30 shares of common stock.
The corporation was formed to acquire
and operate natural gas properties in
Western Pennsylvania.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
Stock Increase Approved.

NEW YORK, April % (R).-Stock-
holders of the Pennsylvania Railroad
have approved an increase in the au7
thorized stock by $170, 1000, 900 and have
given directors authorization to offer
$4,000 shares to employees at $50
share. The stock closed on the New
York Stock Exchange yesterday at $3.50
q share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
FREIGHT TRAFFIC GAIN.
BY the Associated Press.

Another increase Of freight trafic on
railroads Is reported by the American
Railway Association Figures which fol-
low give the total number of cars loaded
with revenue freight on frst-claSs rail-
roads for the latest week compiled and
comparable periods:
Week ending April IL, 911,3l0 cars;
preceding week, 1928 cars; same
week last year, 973,1 cars.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
PARIS RouRsE PRICES.

PARIS, April % R.-Price changes
were irregular on the Bourse today.
Three per cent rentes, 80 francs %
centines. Five per cent loan, los
francs.
Exchange on London, 123 francs 95
confines. The dollar was quoted at
rs francs 49A centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
U, s, TREASURY BALANCE.

The United States Treasury balance
announced today, as of close of business
April 81, was 1920, 745,7 05.4 AZ. Customs
receipts for the month to date were
500, 055 ,OS7.54; total ordinary expendi-
lures, $18, 762, 395.65.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
CHICAGO DAIRY MARKET.

CHICAGO, April IS (R.-Butter,
steady; receipts, $3.50 tubs; prices un-
changed.
Eggs. steady; receipts 24,52s cases;
prices unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23

Best & Co., New York department
store, plans to open a new branch at
Asbury Park, N. j., making total Of
EseYen branches.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
TRANSACTIONS ON THE NEW YORK CURB MARKET

NoticeAn stocks are cold IN hundsed- ahare lots
excepting these Designated BY the letter teSs) 285s)
which shows those stocks 70 Be cold In edd ots emily
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
NEW YORK. April % R.-over-
TREAsuRY CERTIFICATES.
SHoRT.TERM SECURITIES.



American lei: 1 Tel; 5ss iSiS: iSs'4 iS5
Baltimore 4 ohio as 1888 -. 100 iSS..
Bell Tel; Of Canada IS lS57..... 100 1921
Beth. Steel Corp. 81 1Sal,.... 100 100M
California Pet. Corp. 51as 1888. 10lM 102
Canadian Nor. Rwy. 4H2s 1885,. eom 100
Chicago Rock Island IS 1854. o6M 1914
Chile Copper Co. IS 1947. ....., 95es 95B
Gudahy Packing Co 5Hss 1884, Ss6H 81
Gen. Mot. Accep. Corp. IS 1887 1884 1854
General Pet. Corp. IS 1870. 80. 1919 102h
Goodyear T. a. r. 5s 1s67...... 93N 93H
Grand Trunk Of Canada 6s 1895 105b 1861
Gulf Oil OF Pa. IS 1887. ...... 100 l00N
Humble Oil 5ks 1889, .,....... i0iH 1929
Internal; Match Corp. S. ls47. .sa9a 90,
N. Y, Chi. 4 st. L. IS 1882. 102N 1924
Poop Gas, 1t. & Coke AIS 1890 99h 100
Phillips Petrol Co. 5Hs $780,. eS e5M
pure Oil Corp. 6Es 1887. ...... 1914 100
Shell Union Oil Co. SIS 1947 80. 81 9713
Sinclair Crude Oil Co. 5h2s 1888 99A 100
Standard Oil N. Jersey SIS 1916 102ss 103
Standard Oil N York 41aS 1881 9sh 90
ST. l., Ir. Mt. & So. Ry. SIS 1881 l00ss l0lls
st, L. Southwestern Ry. Is 1882 90 1914
swift & Co IS 1882 $50. l009h 1904
Union oil Co Calf SIS 1885. -, 100 i00ha
United Drug Co. SIS 1885,. -. $50 96h
Western Electric Co. SIS 1914, 1924 l033z
Whasling Steel Corr -AlsE laSa. soh s0A
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
SILVER QUOTATIONS.

NEW YORK. April 2s tR.-sar ssl-,
Nexs A2%s -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23

Crhis is the fourteenth Of q series Of
brief analyses By Mr.: Hughes Of the
principal oil stocks. The intent Is not
any particular stock, but to sive the
investor such information as may enable
him intelligently to chart his own
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23


~ payment
81 Ex-divdend tPaly Payable
preferred
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23
FOREIGN BONDS.

gwi-When issued.
Ww-With warrants.
Ew-Without warrants
New Britain herald., 1930-04-04
Wallingford Husband
 Sentenced to Asylum

New Haven, April P}-Charged with assault to kill as the result of an attack upon his wife, Joseph Zecunda of Wallingford today was committed to the Middletown state hospital for ten years when an alienist pronounced him insane.
 Zecunda stabbed his wife, Eliza teth, six times last January l6, wounding her dangerously. She was confined to hospital here for three weeks.
 Dr. Louis Shapiro told Judge E1- win c. Dickenson in superior court that Zecunda was suffering from a form of insanity which created an illusion that his wife was unfaith tul. He previously had been a pa- tient in the hospital at MiddletoWr.
 Timothy Nance, Negro of An sonia, was sentenced to one to three years in Wethersfield for an attack upon a rival for a woman's affec tons
New Britain herald., 1930-04-04
Tangled Marital Case
 Ended by Divorce Today

- Bridgeport, April F}-A marital tangle, caused when one of the contracting parties, under the be- lief that her husband was dead, married again, and the husband also married a second time, was strengthened out today in superior court.
 Judge Simpson granted a divorce to Walter M. LoWn of Fairfield, in his uncontested action against An nie F. Marsh Lown, of Bridgeport, now known as Mrs. Annie r. O'Leary.
 The plaintiff was married in 1o20 and separated from his wife shortly afterwards. Lown went to sea and > on his return learned that his wife, 1" believing him dead. had re-marricd Lown also married again.
 It was not until 1920, when his first wife told him her marriage with O'Leary was entered into after she believed him dead, that LowH became aware of conditions. He then petitioned for divorce upon an allegation of desertion.
New Britain herald., 1930-04-04
BLACK COMPLETES
 LONG AIR JOURNEY
Baltimore Publisher Reaches Tokyo-Holds Flight Record

Osaka. Japan, April 4 P-Com- ing at last to the end of his long ar trail from Croydon, England, to Ja- pan, Van Lear Black, Baltimore - publisher, reached here at 2:54 p. m from Seoul, Korea. He left Croydon February 9, travelling an estimated 5000 miles before settling his plane 7 at the airdrome here.
 Van Lear Black has travelled thousands of miles by air over ;. Europe, Africa and Asia during the past few years. He is intensely ln- ,erested in the commercial possibill- ties of aviation.
 The publisher probably holds the Y world record for miles flown as passenger, and his flights have been singularly free from trouble. He has had two crashes-one near Genoa in . Anrjl last year and another at Cal cutta-but no one was injured. At other times members of the crew have fallen i'll and his planes have suffered minor mishaps, but his flights have followed schedule in re- markable fashion.
 MT. Black had flown thousands of miles over Europe before he start ed a flight from Holland to the Dutch East Indies in 1927. He left Amsterdam June 15, that year, flew to Weltevreden, Java, in success . sion of jumps, and returned to Am ' sterdam July 2S.
 His next flight was to be from London to South Africa in 1928 but it was abandoned after the party reached Khartoum and the plane gave trouble.
 In the spring of 1929 he again tried the South African trip, this : time reaching Capetown and return ing to London successfully. A little later, in May, he started for Tokyo but was forced to abandon the pro- -ject when his ship was wrecked in the fall at Calcutta.
 This year he again set out for Tokyo-or the airdrome nearby Osaka-leaving England February 9, and it is this flight that he has just completed.
New Britain herald., 1930-04-04
OIL COMPANY SALESMEN
 ARE GUESTS AT DINNER
RackliGe Force Hears Lecture On Product Which Will Be
 Handled Here.

The Rackliffe Oil Co. station salesmen were guests of the Vac uum Oil Co.,, at a banquet at the Burritt hotel last evening.
 Frank E. Rackliffe, Jr., owner of the Rackliffe Oil Co.,, introduced E.. H. Strickland. salesmanager of the Vacuum Oil Co.,, who explained the >program which his company plans to follow in training the Rackliffe Oil company salesmen.
 This program is based on the re- suits obtained by the Vacuum Oil company from operating a large number of experimental stations in Buffalo.
 Slides were shown by MT. Tanner, or the engineering department, showing the refining processes of Mobiloil A series of meetings will be held. The Rackliffe Oil company is the distributor of Mobiloil in New Brit ain and vicinity.
New Britain herald., 1930-04-04
REOPENS WABASH CASE

Washington, April P)-The in- terstate commerce commission re- opened today the question of valu- ing the Wabash railroad and set
 further hearings for May F.
 The commission placed a value Of upon the Wabash as : of June 30, 1919. In it's petition for z reopening the road .contended that it's valuation for rate making and
 recapture purposes should be s161,- \ 545,94S. ..
New Britain herald., 1930-04-04

Be sure and attend democratic rally at new High School Auditorium Tonight. P. F. McDonough, candi- date for mayor, will speak.@1advt
New Britain herald., 1930-04-04

No excuse for not finding what you want here, so great are the assortments all the desired styles and color ar H., I, ncn,aaaf4-
New Britain herald., 1930-04-04

As usual, the largest variety of coats so come here tomorrow and let us prove to you how carefully we can satisfy yOun' needs,
New Britain herald., 1930-04-04

You'll appreciate this group =. of Silk, Broadcloth, Basketweave, Wool Crepe trimmed with Squirrel, imitation Lapin and irr1i- tation Broadtail.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-01
SMITH BUILDING
RECEIVER ASKED
Miss Grace CauIdWeI! Claims
Structure Is Not Worth
More Than $7O0,0O0

Application for the appointment Of q
receiver for the F. H. Smith Building.
at BIS Fifteenth street, was made today
In the District Supreme Court by Miss
Grace Caldwell, 1919 Oak street, owner
of one Of the bonds secured on that
property. Miss Caldwell claims the
building is not worth more than
100000, despite an assessment OF
$773,s20 made by the District assessor,
and is incumbered to the extent Of
$685. 900.
Named as defendants are the F. H.
Smith Building, Inc; the F. H. Smith
Co.; the Central Trust Co. of Maryland,
located at Frederick, Md, and James H.
Brown, local manager Of the building.
Under the mortgages on the property,
it Is stated. monthly payments Of inter-
est are required to be paid to the Gen.
to one-twelfth of the amortization
payment. The last amortization pay
ment due April IA was $22,500 and as
far as known by plaintiff has not been
paid. The April interest has not been
fully paid, 1t Is stated, and the last
dividends on the preferred stock of the
F. H. Smith Co. have been passed and
not paid.
The court is asked to require the de-
PENDANTS to surrender to a receiver all
moneys coming into their possession
since April on account of the mortgages
on the Smith Building and to compel
James H Brown to refrain from max
ing any further payments to the F. H.
Smith Co. or the Central Trust Co. Of
Maryland on account Of rentals from
the buildingA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-01
NAVY YARD WORKERS
WILL BE LAID OFF
400 to Lose Jobs Within 80 Days.
Demand for Orders
Is Met.

Some 400 employees Of the Washing
ton gun factory at the Washington
Navy Yard viii be laid on within tho
next 80 days. due to the fact that the
demand for orders has now been met.
Capt. Y. s. williams. aide to navy
yards, said today at the Navy Depart
ment that the proposed new treaty for
the limitation of naval armament as
yet has no bearing upon the lay-off.
On April 1, Capt. williams explained,
there were 4,874 employees at the Wasfl-
ington Navy Yard, representing the
highest number employed, outside or
wartime.
N. p. Atlas. president Of District
No. A Of the International Association
of Machinists, was In conference this
afternoon with Capt. Williams on the
-sA,sttNyf
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-01
SHELBY HAS HOPES
| OF FINDING SLAYER
Says Baker Probe Is Nearer
Success Than at Any
Time Since Crime.

Inspector William S. Shelby announced
today that police investigating the
murder of Mary Baker are nearer a
solution Of the crime than at any time
since it was committed.
"In our endeavors to run down the
murderer of this GIRL" he said, I'VE
have adhered to a system Of elimina-
ton. Every clue and every bit of in
formation, no matter how uE!mportant
in appearance, has been thoroughly
investigated and report made on the
results.
This has meant running down more
now with all of the irrelevant phases
cleared up and we can concentrate on
the really important clues.
I'VE now have three or four leads that
appear to be highly important. feel
that can say we are now nearer q
solution of the murder than at any
time since Mary Baker was killed"
Kelly VIII Take Rest.
The investigation was being carried
on today by Department of Justice
agents and Headquarters Detectives
John Flaherty and John Fowler. Lieut..
Edward j. Kelly, who has shouldered q
giants share Of the investigation. was
ordered home until Saturday for rest
this morning by Inspector Shelby.
II ordered Lieut.. Kelly to take q
rest" the Inspector said, because he
has driven himself to the limit in the
investigation of this case and is on the
verge Of physical collapse. I cannot
afford to risk losing his services now
that the case appears to be nearing its
climax"
The possibility that the pistol found
In Foxhall Village may have figured in
the Baker case has been definitely elm
mated by Inspector Shelby.
THE weapon found in Foxhall VII
lage," he said, fired steel-jacketed
bullets while the slugs taken from Mary
Bakers body were lead. We have def
nitely established that this gun could
not have been used In the staying"
Roadster Clue Probed.
Police yesterday investigated a report
from a married couple that they had
seen Miss Bakers car parked near the
intersection OF Cemetery and Military
roads shortly after 8 o'clock April IL,
and that few minutes later roadster,
occupied by a man they had see at
Miss Bakers home, drove rapidly past
In the direction of the Arlington farm
The man and wife, police said, could
not make any positive Identification of
the man in the roadster.
Investigators were still hoping to
question one of the men who found the
slain girls clothing In the sewer on
the Arlington Farm. This man is now
in New York. While Tolice do not
believe he can aid them in solving the
murder, they hope he may be able to
throw some light on how pieces of
stolen jewelry got into the sewer along
with Miss Bakers personal effects.
Another report that Miss Baker, on
the day before she was killed, wrote
and addressed letter to her mother
and that this letter was never mailed,
was being investigated. The possibility
that this letter might have contained
statements damaging to some man and
that he killed the girl to gain possession
CONTINUED on PAGE C0liinnn
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-01
COMMITTEE MAY REACH
DECISION ON DRY BILL
Capper to Seek Vote on Howell
Legislation
Also to Be Considered.

The Senate District committee may
reach q decision this afternoon on the
Howell bill to supplement national pro-
hibition In Washington. The committee
was to convene at 2 o'clock and Chair
man Capper indicated he win try to
have a vote taken on the Howell
measure.
The main features of the bill are the
granting of enforcement authority to
all Washington policemen and extern
sion of the search warrant provisions OF
the District law. The latter proposal
was disapproved by the Attorney Gen.
eral.
It is possible the committee also viii
reach q vote this afternoon on the bill
to change court procedure in Washing
ton in public utilities cases There has
been a difference of opinion in the COM
mittee as to how far the bill should 60
In limiting the power of the courts In
reviewing the evidence taken before the
commission in utility cases.