davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, September 16.-The
following Is a summary of important
corporation news prepared by the
Standard Statistics Co., Inc, New York,
for the Associated Press.
News Trend.
Prices of several of the principal
commodities, which it was generally
believed had reached rock bottom, fell
to new lows for recent years in yester-
DAYS markets. September wheat
touched 1914 cents, the lowest since
June and July, 1914. Corn declined to
the lowest point on its current move
ment while oats and rye were also
weak. The price of copper which mas
been held at IL cents by leading prod
ucers for some time was cut TO 1924
cents with some custom smelters quot
ing 1922 cents. This is the lowest price
for copper in 80 years. Export price
was reduced to 11.05 cents.
Unfavorable dividend announcements
are, again conspicuous i'm corporation
news. Omission of disbursement cur
rently due was announced by Artloom
Corporation, Kalamazoo Stove, Ferro
Enamel and Copper Range. Reduction
in quarterly rate was made by Acme
Steel Other items are also largely I'M
favorable,
The Companies.
Acme Steel reduces quarterly common
dividend to 62l2 cents; PAID 81 Tor
merly.
earnings, 81 cents common share,
against SLOT year ago.
Anaconda Copper Mining SUBSIDIARY,
American Brass, reduces prices brass and
conner products including scrap and
| seamless tubes. "A cent pound. SUD
| sidiary. Anaconda Wire a. Gable re-
ceiyes order for 4,250,000 pounds cable
Artloom Corporation omits ascent
quarterly common dividend currently
| due.
Cleveland Electric Illuminating net
| income, IL months to August 81, uI
| IL per cent over previous year.
Consolidated Railroads OF Cuos
earned SS45 on IS preferred stock II
wear to June 80, against $3.50 in pre-
vious year.
Cooper Range omits ascent quarterly
| common dividend due at this time.
Ferro Enamel omits class DIVIDEND
Ford Motor work started on $1,000.
600 Richmond, Calf, assembly plant
capacity, 400 cars daily.
General Foods president expects 1896
earnings to equal about 81 common
share.
international Paper az Power shut
down Degrasse Newsprint Mill; makes
eight domestic newsprint mills closet
this year.
Kalamazoo Stove omitted quarterl,
stock dividend, Ia per cent on com
mon stock: regular cash dividend
sl.12h, declared
Northern Pacific Railway preslden
estimates August net operating incom
at 81, ZOO ,O0O against $2,498,934 yea
ago; gross revenues, $7,600,000, agains
S9,2I7,462.
Power Corporation of Canada, Ltd
: had 38,194 stockholders on Septem
) bsr Is.
Phillips Petroleum subsidiary. Phillip
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16

Pipe Line, to obtain interest in Great
Lakes Pipe Line.
Standard Gas g. Electric first half
merchandise sales, $3.50, 404, up 7.3 per
cent over year ago
United Dry Docks, low bidder for con-
struction United States Coast Guard
cutter No. 81; price, 1865, 900.
United Gas Improvement reported
purchase large minority interest in Con-
solidated Gas of Baltimore.
United States Playing Card first half
dollar volume sales Is per cent below
year ago.
Waco Aircraft sold 154 planes and 100
gliders in period January to August
3D. had untitled orders for planes
latter date; employees August % num-
bered 173, against 293 in June. Had
deficit 1851 in first half, against profit
$l56,894 year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
Company to Dissolve.

NEW YORK, September I6 LR.-A
special meeting of stockholders of the
Paragon Refining Co. has been called
for September 30 at Cincinnati to dis
solve the company. The company re-
Gently sold its assets, excluding the
Valvoline oil shares, to the Union Trust
Co. of Pittsburgh for another and later
sold its Valvoline oil holdings to E. W.
Edwards, president Of Paragon and
Valvoline.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
CHECK TOTAL GAINS.

by inc A5sOCIHIeu FTebA.
Individuals checks cashed at i'm
portant money centers of the world in
creased per cent during the week
ended September 10, as compared with
the previous week. The following totals
for comparable periods are reported by
the Federal Reserve Board:
Week ended September 20, $10,628,-
09l ,000
Previous week, $9,776, 702 900.
Same week last year, 1866 ,06 {, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
POTATO MARKET.

CHICAGO, September I6 (R.-
UNITED States Department of Agricul-
ture) Misunderstanding, rs cars: on
track, Alp cars; total United States
shipments, $50 cars; market dull, trad
ing fair: Wisconsin sacked Irish Cob
blers, 2.25a2.30; Minnesota sacked Irish
Cobblers, 2.00a210; few fancy. higher
ordinary. 1.80 up; Idaho sacked Russets,
2.75a2.95; Minnesota sacked early Ohios,
few sales 200a2I0.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
TAX ON MACHINERY.
AROUSES DEBATE
Suggestion for STANDARD
Rate" Causes Objection
From Trade Leaders.

Wlldl price OlO tIldCIllAl6Iy
That question Is worrying manufac-
turers all over the country. 1t is giving &
special concern to the textile industry,
which has plenty of machinery that y E
deteriorated from its pristine condltlon.
Industrial leaders are worried for Swo
reasons. The first is that the old ma
chinery Is no longer economical and Isl
running up production costs. The sec
ond concerns the basis on which corpo-
rations are to be taxed on machinery
which has passed its first usefulness.
The Treasury Department wants toI
establish standard rate" Of allowance
for depreciation of used equipment.
The manufacturers say that the estao-
liShment of such rate would work toI
their dstriment and would be unfair
because a standard rate could not pei
applied equitably in individual factories.
Standard Rate Urged.
The Tax Bureau asserts that in es-
tablishing a rate at which equipment
should be taxed there should be stand
ard rate for guidance. Tnat Is, IN
each case the internal revenue agent IN
computing the taxes to be paid shoulo
have standard as a GUIDE or sonns
thing to work from either up or down.
according to the factors which nave
caused wear and tear on equipment:
The manufacturers say that sucn III
standard could not be applied TO all
without distinct injustice to some. Iheyl
point out that If the Internal Revenue
Bureau establishes such standard it
will in reality amount to several stand
ards. or one for each industry and per-
hans for each type of machinery.
whereas different conditions exist IN
each industry and all industries would
be affected-even the making OF farm
machinery.
The bureau points out that the estab-
lishment of such a guide would De Oh
advantage to corporations just going
into business which have data or ACE
quate accounting systems py Wnlcn Iney
could figure out depreciation rates ana
establish in advance the approximate
tax rates they would have to pay.
New Industries.
The bureau notes that new indus
tries are being established all the time
and that q standard rate would provide
| an early basis on which depreciation
could be computed, since there Is COM
parable machinery in nearly all estab-
| liShed industries.
The bureau plans to establish tho
| guiding rate from rates accepted IN
| thousands of cases over past years.
| Clerks have been compiling this data
as it has come in from year to year,
until now the bureau feels that ac-
curate information is available.
If the system is adopted, and 1t is
| the general belief here that 1t will BE-
| the bureau will Immediately prepare
bulletins stating what the information
| Is and how it works out on the av-
erage. 1t is claimed by the otilcialS
| that this will not be binding, but VII
| act as information which those inside
and outside the department can use as
a means of simplifying depreciation
calculation and the computation OF
taxes.
The textile manufacturers oppose
| this procedure in many instances and
the bureau is ready to grant them
Copyright. 1900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
METAL MARKET.

NEW YORK, September 16 P9.-
Copper easier; electrolytic spot and flu
ture, 1912 to 1924. Iron quiet; I'M
changed. Tin steady; spot and near
by, 1880; future, 1910. Lead steady;
spot, New York. $50; East st. Louis,
5.25 Zinc quiAt- East st. Louis spot
and future, AIS to 4.30. Anthony, IT'S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
Washington Stock Exchange

SALES.
Potomac Electric so pfd.-10 at Ill, /
at Ill y.
Washington Rwy. g. Elec pfd.-10 at SO.
Federal-American Co. pfd-3 at 100
AFTER CALL.
Riggs National Balk-10 at 495.
Capital Traction Colo at 6O34.
Mergenthaler Linotype-10 at 81, 10
at 81
Anacostis 81 Potomac r. r. guar. SIS
$1,000 at ga.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
U. S. TREASURY BALANCE:

The United States Treasury balance
announced today as of close of busi-
ness September Is was $35, sos, 1902.
Customs receipts for the month to date
were s15,088,5S6 Total ordinary ex-
penditures, $4,000. 20l.05.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
CHICAGo DAIRY MARKET.

CHICAGO, September Is (H).-Butter.
GAIT tubs; frm creamery, extras, 3S1z
standards, 1872; extra firsts, 37a371a;
flrsts, 3512a3612; seconds, 33a34. Eggs,
1881 cases; easy; extra f1rsts, 26h;
fresh graded firsts, asia; fresh current
receipts, 231aa24l2; ordinary current
receipts, l8a21.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16

HUnder the consolidation plan the Brook
lyn & Queens Trsnsit preferred stock was
to pay 81 the first year, IS the second year
and So the third and subsequent years.
tSubiect to approval.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16

There is a species of ant which car
ries an umbrella Of petals or leaves
when 1t rains.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
Bid and Asked Prices.
BONDS.
PUPITC uTuTTV

Bid Asked
amer lei. " Ielga. as 33... 1919 800.
Amer Tel. a. TelRa Alas '3g $50 49,.
Am. Tel & Tel ctl. tr 5s. 1851 -.
AnacOstia a. Pot. r. r. 5s. S2ls 49,.
Ana a. Pot. guar. 5s....... % ....
c. e. P. Tel of Va. 5s...,.. 1903 49,.
Capital Traction r. r. 5s..... g334 "a
City and Suburban 5s....... 81 82A
Potomac Flee cons. s. . ..... 1922. i0si:
Potomac Elec. IS 1853 ........ 107 49,.
Wash, Alex e. Mt. Yer. eff . 800.
Wash, Baltimore a. Annap. S.. 46 50
$s:B a. g.: e: f$ $s i iSs
Wash. Rwy. g. Elec $50. S994 30
MISCELLANEOUS.
Barber g. Ross, Inc, 6lzs. 80 90
Chevy Chase Club 5las....... 100 500.
d. C. Paper Mfg. IS. ........... so so
w. NJ. Cold Storage 5s......... e5 $3.50.
Wash. Cons. Title IS. .......... SO 100
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
MISCELLANEOUS
STOCKS.
PUBLIC UTILITY.

Amer Tel &c Tel. (9).......... 2i4 ......
Capital Traction Co. a. ....... "60i2 6llz
Wash. Gas Leht Co. DID,. l22 13l
n. & w Steamboat t12) - 225 $50
Pot Elec. Power 81 pfd. .......- III 11ll2
Pot Elec. Power 5lato pfd .... l08it l0sa4
Wash Rwy & Elec com Cd. 500 800
Wash. Rwy. & FL. pfd. 3D.. 80 981a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16

Sales of Stocks Exchange
AM. 35s 100 Noon. s64100
1870 PM $4,000 2:10 Pm. 1887 800
the latest half deeaa
fParty
sPayable in scrip iPlus
Paid regular Payable Payable
when earned PAYABLE in cash stock Plus 10 per cent IN
Plus in stock Plus cent IN stock Plus
approval of stockholders.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
FOREIGN EXCHANGES.

Quotations furnished by w B. Hibbs g. Col
Nominal gold Selling checks
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
IN NEW YORK STOCK EXCHANGE ss
Received by Private wire Direct 10 The one.
Prev 1885,

Direct 10 The Star ONCE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16
NATIONAL BANK.
TRUST COMPANY

American Sec & IT. Co d.. 3s3 2
continental Trust 90 ........., l20 i
Merchants Bank e. Trust t6l.. 40
National Saw & Trust G2t) =. S45 81
Prince Georges Bank & Trust. 32la :,
Union Trust (6g). 200 81
Wash. Loan & Trust 40. e.. 400 .
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-16

Sales of Stocks on New York Exchange
Nogales international., 1930-03-21

my back, and I'll scratch yours is their time honored
motto. Tariffs all these schedules had been denied
during consideration of the bill in Committee of the
Whole-but what little obstacle like that? There
were still individual amendments to be considered,
and second vote to be had for the asking What could
be easier than to pool their separate interests with
the aid of stand patters who can be trusted all
casions to deliver hghtariff vote achieve what they
all wanted? Of course few convictions might have
to be sacrificed but surely constituents interested in
oil wouldn't mind paying higher prices for their su-
gar and lumber, and so down the line. So lumber
and oil Senators who had voted against sugar the
first ballot cheerfuy reversed themselves the
ond. Sugar Senator's who had opposed the cement
duties "switched' without compunction Open accusa
tions and denunciatons from felowsenators and the
press deferred them not at all.
To show what the consumer pays for tariff-nak-
ing of this sort, quote Senator McMasters estimate
as follows: $9O2OO000O for OIL $32OO0OO0 for sugar.
$500000OO for lumber $150OO00 for plate glass; and
$53 100000 for cement-a total of than 81 ,000
000000 It does make tax reduction of
seem rather insignificant, doesn't it?
Nogales international., 1930-03-21
High Wages Reduce Costs

One of the amazing discoveries which has been
made in industry in America is that the higher the
wages the less the cost per unit OF production Almost
al of the larger American industries have learned this
but in Europe there has grown up legend OF the
American Worklngman sort OF superman, capable
of accomplishment far beyond anything the European
worker could achieve.
There must be some magic in the air of America,
Europeans believed, when they heard of American
wageearners owning automobiles and radios, having
bathtubs in their homes, keeping their children in
school clear through high school, and having scores
of other uxures which forever beyond the reach
of the worker in the Old World
They are beginning to learn that there isn't any
magic about it. Sir Percval Perry chairman of the
Ford Motor Company, Limited which controls all of
the European Ford companies, has just issued
port in which he shows that the European worker can
do just as much as the American and do it just as
cheapy, provided he is paid proportionately high
wages and given efficient equipment with which to
work.
eve are employing Englishmen, Irish1nen, Dutch
men, Frenchmen, Begians Danes Italians Spaniards,
Swedes, Firms and Turks" says Sir Percval, "work-
ing in their countries but doing the job with
similar tools under equal factory conditions We
pare how long 1t takes each respective man to COM
plete his work"
And what they found out was this The highest
wages paid in the Danish factory and there the
cost per unit OF production was lowest The lowest
wages were paid the Bel gian factory and there the
cost per Unit highest. The comparison was exact
for the things were being made under the same
conditions except in that matter of wages They rails
ed the wages in the Belgian factory and instantly pro
auctions costs dropped
That sort of demonstration is going to revolu-
tioze industry all over the world The old theory that
labor was commodity to be bought in the cheapest
market has been pretty well exploded in the United
States for decade Now the rest of the world is learn
ing our secret That won't hurt U.s. but will help every
body Anything which increases the buying power of
any people is Of benefit to all the other people who
have goods to sell And prosperity depends upon the
interchange of commodities.
Nogales international., 1930-03-21
&ditotEgiials Q Egii
One Party Rule Proper

The local Republican paper in an editorial Mon
day night said ut could not subscribe to the doctrine
of one party rule and in the editorial said par
ty responsibility may be the proper thing in conduct
ing affairs of the state and nation"
one party rule is proper for the nation (and it
is) then it is proper for counties
The evening paper, in the same editorial, says it
Republican paper yet it daily carries on it's mast
head the three words, "an independent newspaper /.
In other words the paper in question is
wool Republican sheet and always has been, but is
endeavorng to lead local Democrats into conspiracy
with Republicans whereby such coalition may re-
suit in a repetition of what happened in 1928-the
election Of three Republicans members of the Board
of Supervisors.
The Republican paper knows we'll that in this
normally Democratic community the Republicans
have no chance Of capturing the Board of Supervis-
ors without support Of Democratic voters.
The Nogales international urges each and every
Democrat in the county to stand by the Democratic
ticket this fall and not be lead into the Republican
camp. NO REPUBLICAN-DEMOC SHOULD
BE ON THE DEMOCRATIC TICKET THIS YEAR.
-O-O-0-
Nogales international., 1930-03-21
Politics And Personalities

A more ridiculous situation than that which ex-
lists in the United States Senate during closing days
of tariff revision would be hard to imagine. Log
rolling and votetrading certainly not lacking in
precedence but this latest spectacle Of personal greed
is enough to make the most hardened weep
OIL lumber, cement, plate glass; and sugar are
ia group which arose overnight to demolish the six
months achievements of the Coalition ''You scratch
Nogales international., 1930-03-21

Morenci- Rich strike reported
form Denver Copper Mining Com
pany property located west of this
place.
improvements underway on
Clifton-Morenci Highway by county
Globe-Commercial Dining Room
reopened by Katherine Edwards and
Maud Station.
Fort Grant-Survey completed at
State Industrial School here and
improvements will be made to build
ings and water supply.
Tuba City Extensive improv-
ements made in Indian School here
at cost of $4,000.
Nogales international., 1930-03-21
Letting Off Steam
.--O--O---O-.

Every human being has a right to say what he
Thinks and SO long as in saying it he does not directly
lncite others to crime offend public decency,
body has right to stop him from speaking his mind.
That is the sum and substance of our Constitu-
tlona guarantee OF freedom Of speech There is hard
person living who does not at times yearn for the
opportunity to let off steam" by expressing his opn
ion of the way the world is run, and of some of the
people who have hand in running it.
good many people are fanatics ON the subject
Of speaking their mind They love to attract attention
to themselves and to abuse those in authority When
officials try to suppress them, these vociferous
happy 1t proves that the world is all wrong They
Immediately become, in their own minds and the
minds of others like them, martyrs to the cause of
free speech.
There is only one intelligent way to handle such
people, That is to let them talk preserve order in the
crowd that is listening to them and pay no attention to
what they say And that is the way in which Commun
lst demonstrations early in March were handled in
most American cities and elsewhere in the world.
That didn't suit the Communists There is no
glory in being allowed 10 talk. What they want is to
be prevented from liking That gives them high de-
gree of satisfaction ld oes color to their claim that
free speech is not allowed in this country So when
they found in New York. Chicago and elsewhere, that
they not going to e n:erfered WITH they began
to throw things at the police in the effort to provoke
retaliation to which they coud point as evidence of
oppression.
Talking hurts nobody unless the effort is made
to suppress it. Like dynamite these agtators dan
gerous only when confined Give them chance to let
off steam by talking their heads off, if they want to-
and the rest of the world will go about its business
without bothering with them Try to squelch them and
a good many honest but stupid people will begin to
wonder whether after all there isn't something in their
claim that they being prosecuted And that is the
impression they are trying to convey.
-0@0-0-
Somebody has discovered a region in West Vir-
glnia with 10000 people and not a single telephone
Just the place we've been looking for Sounds as if a
man could do days work there without being inter
ruDted bV people calling wrong numbers
Nogales international., 1930-03-21

Somebody has discovered region in West Vir-
ginia with 10000 people and not single telephone
Just the place we've been looking for Sounds as if
man could do days work there without being inter
rupted by people calling wrong numbers
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-12
WHEAT BENEFITED
BY SOAKING RAINS
Reports From Midwest Indicate
Average Yield Il Now in
Prospect.
spscial Dispatch to The Star.

Special Dispatch 10 The star.
KANSAS CITY, Mo-, May 12.-No
immediate complaint of lack of mois-
ture over the wheat belt can be made,
soaking rains having covered practi-
cally every section of the Southwest in
the last week. Wheat is making a
strong growth, and while the optimistic
promises of three months ago are not
likely to be fulfilled the yield will ap-
parently be fairly average-providing
of course, that normal conditions con-
tinue.
The discouraging price level is the
most serious problem, and how the pro-
Queer, especially on high priced land,
is to attain buying power for Autumn
is uncertain. A large holdover Of last
years crop is still in farmers hands,
some estimate as high as Is per cent,
and this, too, Is to go to market some
time.
Naturally, this affects trade and the
distributing agencies report fnoder-
ate movement of merchandise with a
distinct unwillingness on the part of
retailers to make longtime commit
ments Usually this period Is one OF
activity in preparation for Summer, but
thus far Spring has been somewhat
behind last years record.
The source of activity through much
Of the grass country is the cattle trade,
tens of thousands of Texas and Okla
homa cattle being shipped northward
for Summer pasture At the same time
the feeders are sending their stock, fed
through the Winter, to market. Com
pared with grains, the livestock market
has held up well and competent man
agement has brought profits. Indeed, 1t
is about the one cheerful spot in the
producers situation at present.
(Copyright, 1890.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-12
$132,816,OOO BONDS
MARKETED IN WEEK
Public Utilities Financing Leads
in Heavy Volume Of New
Offerings.
Special Dispatch to The Star.

special Dispatch to The Star.
: NEW YORK, May 12.-New offerings
of bonds for the third consecutive week
have exceeded 100000 900. This weeks
new bond financing aggregated $780,
$4,000, compared with S171 ,743 900 last
week and $144, $4,000 in the previous
week, and with $106,712,35 in the cor
responding week last year. In addi-
ton, several municipal issues were
placed privately.
For the first time since early in
March, public utility financing led all
groups. The largest utility issue this
week was $25 100000 IS, which were
priced at SO. to net STA per cent. This
issue was the largest single piece of
financing of any category this week.
The other utilities issues included So
10000 Appalachian Gas Corporation IS
and $2,500, 900 Iowa Southern Utilities
Co. IS.
Due to the offering of an issue OF
SIG. 775,000 Westminster County, New
York. 4s and 41as, municipal financ-
ing ranked second this week, with II
separate issues offered. Several impor-
tant municipal issues awarded in the
last few days will be placed on the
market next week.
Railroad financing this week con.
sisted OF issues OF equipment trust GER
tificates for the Chesapeake &C. Ohio
the Reading and the Pere Marquette
All of these were AIS and were offered
at prices to net to ass per cent. Only
one foreign loan was placed on the
market. This was $17,581 900 Republic
Of Uruguay IS of 1864, priced at 90, tc
yield els per cent. It was reported
that it was oversubscribed, with approx
mately 100000 of the issue placed
abroad.