davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
CONVERTIBLE BOND
|. ISSUES ARE HIGHER
Prime Group Holds Steady
Trend-LegaI Rails Score
New Tops.
BY n. r. RICHARDSON.

Special Dispatch TO The Star.
NEW YORK, August 23.-Bonds,
with the exception Of the hieh-grade
group which continued their frrnness,
were irregular today under typically
dull Saturday trading. However, in the
legal rails there were some new highs
made, notably in Union Pacific first Is
and Chesapeake d Ohio AVS. The
same applied to the prime utilities and
industrials such as Inland Steel AVS,
and Western Union IS.
At the opening there was selling Of
Liberty and Treasury Iong-term descrip-
lions and they dropped 1882 to 4-32
was attributed to traders selling on the
theory that new Treasury financing to
be announced in the near future will
find a somewhat tighter money market
and that it will not again be accom-
plished at the record low costs Of the
last two patches OF bills.
Convertible bonds were generally
higher, especially Warner Brothers'
Pictures IS. which gained O. point Ia
sympathy with . parallel move in the
stock. Southern Pacific AIS 1880
EIlteoClpula ana NoAQIu8 OOAl Hf10
Iron IS and American I. q. Chemical
5las were also shade better.
Second-grade railroad credits, like
Chicago g. Eastern Illinois SIS, Chicago
d Great Western Is and Erie general
lien Is, we're strong, but the gains were
Offset by equal sized losses In Erie SIS,
Missouri Kansas A SIS, Missouri Pacific
Is and Frisco AIS. Western Maryland
As, which have exhibited strength In
recent sessions, were still selling at
their 1890 peak.
Industrials were irregular. American
Natural Gas 6las lost " points, while
Chile Copper IS and Hudson Coal IS
were of fractionally. National Dairy
Products 5N, Dodge Bros. SIS and
Armour Of Delaware 5las were strong.
Skelly Oh IS dropped q small fraction,
the only fiuctuation in the oil group,
and Brooklyn Manhattan Transit IS
provided the only action in the fractions
by losing slightly.
Foreign bonds we're quiet and viz
tually unchanged. Austrian Is were
little better. War rs gained 2H points.
French issues remained the chief strong
point. South Americans were dull.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
INSURANCE FOR $4,000
EMPLOYEES Is PLANNED

Special Dispatch to The Star.
NEW YORK, August 23.--An en-
ployes of the Associated Gas 81 Electric
System, except temporary employees,
who have been with 1t six months or
more are eligible to share In an insur-
ance plaa adopted by the company. The
plan provides individual ordinary or
straight life policies, instead OF. only
group insurance More than $4,000 en-
ployes, 90 per cent, have agreed to SUBJ
scribe. The plan provides for salary
savings and the company viii contrib
ute about 80 per cent Of the net cost Of
the ordinary life premium.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
CURB PRICES MOVE
I|NNARROW RANGE
Ttend Irregular, With UtiI-
tiles Group Featured.
Oils Are Weak.
BY JOHN A. cRoNE.

epecia. Dispatch to The star
NEW YORK, August 23.--After OPEN
ing irregularly and dull today's curb
market picked up q moderate amount
OF speed for short session. but price
trends remained mixed.
The market leader, Electric Bond &
Share, was up more than a point
American Gas e. Electric, American
Light & Traction and American Super
power likewise moved higher as Middle
West Utilities and Niagara Hudson
Power continued dull and virtually
unchanged.
Cities Service was down fractionally
The amusements offset gains with
losses This was also true Of aviation
shares.
$50 Selling Of Oils.
The oils were the most uniformly
weak spot in the market. Reductions
of gasoline prices in Chicago by re-
fineries and expectation that some Of
make some pertinent comments about
present trends, particularly about the
desire to break present prorationing
agreements and speed refining opera
tions at q time when seasonal slump
Is about TO take place, caused selling.
Standard Oils were exceptionally dull,
even for Saturday session, with
Standard Of Indiana pointing lower In
the first hour Houston Oil, new,
Plymouth Oil and such pipe line COM
pafiies as New York Transit, for in
stance, moved lower in this period.
United Light & Power A was the
early leader of utilities on President
William Chamberlains comments in
dicating there was no shortage OF
water for condensing, even though the
company never is too plentifully sup
piled In best years, that the total In
dustrial power output was being main
tanned, despite slackened industrial OPP
erations around Davenport, and that
North American Light & Power was
promising.
Radio manufacturing companies
shares met freer offerings as the trade
conceded that retail sales were down
$4,000 900 for the country In the Sec
ond quarter, and so far showed only q
moderate upturn.
American Austin was the first of the
motors to enter new high territory.
Ford Motors Limited continued active
ana both Durant Motors and Standard
Motors pointed higher.
Dairy Shares in Demand.
The low-priced dairy shares showed
increasing demand Liberty Dairy
Products opened higher. United Milk
Producers common opened fractionally
lower.
Natural gas shares moved irregularly.
Lone Star was unchanged, but Appa-
lachian and Duquesne were lower and
United Gas cratic
Noranda Mines featured the metal
list today following the announcement
that 1t had purchased substantial
interest In Canada Wire e. Gable Co.,
which will tend to increase its market
for copper, as the latter Is q heavy user
of red metal. Canada Wire plans rod
min and wire drawing plant alongside
Noranda's refining subsidiary.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
VEGETABLE EXPORTS.
BY the Associated Press

By tho ABBoclAted FTeBs,
Exports Of fresh vegetables from the
United States showed an increase Of 8
per cent during the fiscal year ending
June 80 last, as compared with the
previous IL months.
The foodstuffs division of the COM
ments were valued at $l2,O45, OOO.. Po-
tatoes showed the largest gain In value.
increasing from $2,583000 to $3,228, 900
as between the two years. Onions
gained from $5,868 900 to $6,5O3, Dob.
Dried peas and beans registered de-
creases.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
OIL POOL WILL CUT
FLOW TO5PER CENT
South Oklahoma Operators
Agree on Sharp CurtaiI-
n1ent of Supply.
special Dispatch to The star.

Special Dispatch TO The Star.
NEW YORK, August 23.-Operators
in the South Oklahoma City petroleum
pool have agreed to reduce the output
Of crude oil TO 5 per cent of the total
potential flow beginning on September
2, according to reports from Oklahoma
City Under the orders of the Corpora
ton Commission Of Oklahoma they
are allowed to produce Is per cent OF
the potential capacity, but for several
weeks, to aid In clarifying the crude
situation as much as possible, they
have been producing only 6ls per cent.
As present pipe lines serving the neio
are handling about 85 900 barrels daily.
VIII Hear Complaints.
The Oklahoma Corporation Commits
sion has set September as the date
for hearing complaints filed against Q
large number of oil companies and
operators in that State for alleged vio-
lations of various curtailment orders
of the commission, 1t was also reported
from Oklahoma City. 1t is the belief
of the commissioners, the report stated.
that some companies in the rrorated
areas are not abiding technically by the
rules rather than showing willful viola
ton.
The penalty for the violation Of the
conservation laws and proration orders
of the commission can be fixed at
daily fine, or the State may ask receiv-
ership of the properties involved, IL Is
said. OF the operators charged with
the violation of the law, SO are In the
South Oklahoma City field.
Commenting on the unfavorable de'
velopments in the proration agreemen y,
in Oklahoma, w. 8. Parish, president o.
the Humble Oil Refining Co., wal
quoted as saying in Fort Worth yester.
day that confidence in the ranks OF tns
oil industry that it will be able to con-
tinue its present sensible scale OF opera.
lions is the industry's remaining neeo
Lack of confidence, Mr.. Parish is re-
ported to have said, revolves around tnt
future proration in the Oklahoma GU
field. where certain town lot promoter
are reported planning legal steps to hal
or hamper proration. Should they sue
coed, even temporarily, Mr.. Parish y
quoted as saying, Oklahoma City wouit
furnish SUFFICIENT production to disrup
seriously the situation for some time.
Price Level Low.
In the meantime Mr.. Parish is re-
ported as stating that in his opinion
interior reflners are selling gasoline or
me basis of expected failure Of prora'
ton IN the Oklahoma City pool, which
has resulted in prices at refineries be-
ing at the lowest level in number o.
years On the other hand, he is quotet
as feeling that If definite evidence tina
proration in Oklahoma City will be re-
tanned the present weakness in the piv,
otal gasoline market would be reversed
Mr.. Parish Is reported as basing hi
conclusion on the fact that failure o
proration in the Oklahoma City fielt
would produce a serious disruption II
the present situation on the assumption
| that 5000 to 1000 acres of oil land
are bound to provide an enormous out
| put.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
Rates Affect Ship Profits.

NEW YORK, August % (P).-Under
the adverse influence of the lowest
freight rates experienced In the last
several years, and the comparatively
small volume of freight tonnage avail
able, profits Of ship operators are under
going marked reduction from the 1928
level, Standard Statistics Co says In a
current survey. These conditions are
found on all the principal trade routes
the survey adds. as well as In the do
mestic coastal and intercoastal field.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
POTATO MARKET.

CHICAGO, August 2S Up Omitted
States Department of Agricuiture) -
Potatoes, 70 cars; on track, 1852; total
United States shipments, 784; about
steady, trading fair; wisconsin sacked
Irish Cobblers, 1.60a1.75; Minnesota
early Ohios, 1.5Oa1 80; idaho sacked
RussetS, 2.4O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
Jewel Tea Co. Sales.

NEW YORK, August % 1R,--sales OF
the .r.wel Tea Co. in the four weeks
endei August Q, totsled $l.06o,4e3, .
decrease OF $l2s,23s from the CORE
spending period last year. For the "a
weeks ended August sales tctaled 9e,-
6pe.604. decrease OF S5e2, 542, from the
lkseperiod az 1872
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
.H|GHERLNE STOCK
PRICE RANGE seen
Sharp Upturn of Last Week
May Be Continued This
Fall.
By FRANK I. WELLER.

A possible bareback, when the con-
Stunning public Is asked to share the
sharp advance, was seen today a. the
only rough spot In the road 10 higher
live stock prices.
Turned from q dull, drab and dis
couraging affair into q veritable runa-
way, the live stock market has pushed
UP the wholesale price Of most meats.
Furthermore, 1t promises to carry both
live and dressed meat prices still higher
unless corresponding increase in re-
tan prices halts the squirt in consumer
demand. k-
Some observers do not anticipate
greatly increased retail prices-at least
not Immediately. The beef that has
been selling was bought week to 10
days ago at much lower live prices than
current market quotations. While re-
tail prices are slower to respond to live
stock fluctuations than wholesale prices,
1t Is held economically sound that II
live prices continue up, retail cuts may
be expected to advance.
Price Prospects.
A good perspective Of what future live
ana dressed meat prices may be, prob
ably can be determined by whether the
consumer will continue actively to take
hold Of beef when that commodity Is
marked up In line with current live
1t is significant that retailers in Chi
cago, not adjusted to the weeks sudden
rise In prices, bought sparingly. Al
though steer meat In Chicago brought
an increase Of from so cents to $50
wholesale, the rise In dressed meat did
not keep pace with the rise, In live
prices: The rapid jump in the price Of
pork Joins was the feature Of the trade,
the rise ranging from "a to 90. Veal
went up 81 TO g wholesale; calf. 30
How much OF the sudden upruslt Ii,
cattle prices viii stick Is problematicai.
although 1t Is the general opinion the
low level definitely has been passed.
The end of the week saw hogs on 10
70 20 cents for an average OF S1O.20.
after Thursdays peak had carried prices
TO the highest point since late August,
1923. 1t was q case of topheavy
market. with supplies too large to Jus.
try the jump In prices. The better
moved up 81 or more as compared with
last weeks close.
Reasons for Upturn.
Grassy half-fat lighter-weights have
been attracted by the sharp upturn n
prices until. as the week closed, they
were In oversupply.
The change that has come over thu
cattle market In the last 10 DAYS 4
almost unprecedented. Values have
forged upward until fed steers and
yearlings are from 81 to 81 over the
seasons low time, reached August n.
Reasons for the upturn are numerous.
but hinge mostly around the changed
outlook following the breakup OF the
drought; improvement in the dressed
trade accompanying cooler weather;
country that thin cattle, selling far be-
low the cost of production, were wen
worth the money as replacement
proposition, and abridged supplies, par-
ticularly OF well finished, weighty hlil-
locks and light yearlings.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
NEW YORK COTTON

NEW YORK. August as Especially -
After selling about 9 to II points net
lower, cotton prices advanced sharply
today on renewal Of covering. The
close showed partial reactions from the
best at net gains Of 10 z points. The
spot market was 10 points higher Mt
11.25.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
Commodity Price
Trends of Week
BY H. N. McGILL.
Editor MoGin Commodity servi'


AUBURNDALE, Mass. August %
H9.-Commodity price changes last
week were less pronounced and huctu-
ations in practically every group ranged
within a narrow margin. The index
for all commodities showed a further
slight decline. The groups which regi-
stored continuation of the down.
ward movement were industrial, agri-
cultural, hides and leather, paint mate
rails, textiles, both fine and coarse,
and vegetable oils. Out of Is individual
groups, 8 were lower, 5 remained ur-
changed, and only showed an in
crease.
The Midsummer reaction in indus
trial activity, which carried the busi-
ness volume to new low-lnore than
IL per cent under normal-has acceler-
ated bearish sentiment. Statistics
show, however, that underlying condi-
tons are tending to improve. Current
production schedules of both raw ma
terials and finished goods are critically
low, particularly as stocks of finished
goods are the lowest on modern records.
Commodity prices are down fully 20
per cent from the peak in 1929 and
more than 80 basic commodities are
now selling cheaper than in 1918.
While the stage is not set for broad
is generally agreed that the low ebb has
been reached for this year ard the
trend to the turn of the year should be
distinctly although only gradually, up
ward. 1t is not to be expected that
major lines such as automobiles, build
ing or radios will experience any marked
improvement during the months ahead,
but such lines as apparel, chemicals,
coal mining. electrical equipment. iron
and steel, paper, machinery, textiles
and shoes should respond to the sea-
sonal Improvement now In prospect.
All Commodity Prices.
A very moderate decline was shown
during the past week. The outstand-
ing point Is that total price changes
are now much less violent and there
are definite signs OF price sterilization
H. Is a common tendency in q period
Of depression to force commodity prices
below their intrinsic value. This has
already happened in many leading
commodities.
Industrial Prices.
Quotations reached new low chiefly
| due to hides and leather, paint mate.
rials, fine and coarse textiles, as well as
vegetable oils. Production Of raw ma
! terials has not shown any materia
change from the low level Of July. In.
ventories remain relatively high, but
are partly Offset by the low supplies oi
finished goods.
Agricultural Prices.
Declines during the week followed the
sharp price rise based on crop de-
/ terioration. Latest Developments show
| that the drought has been fully broken
and NORMAL 9roEang conditions should
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23

hold during the balance of the growing
period. Only two major crops were
seriously affected-corn and haxseed-
the production estimates being revised
downward substantially. Corn Is selling
far out of line with wheat. A check-up
shows clearly that there Is no danger
Of any scarcity Of foods or feeds In this
country or the world.
Non-Ferrous Metals.
A very slight gain was shown during
the week. owing to the increased price
for silver and tin. It is interesting to
note that price changes In non-ferrous
metals are frequent, yet Of q limited
character. Efforts to cut down new
production are now showing UP more
forcefully in stocks on hand, tin stocks
recording the first decline In many
months.
Textile Prices.
A new low was reached, due princi-
pally to the sharp break In the price Of
cotton Prices are low enough to recall
the buy-a-bale campaign Of 1907. The
price depression is probably being over
done. yet the fact remains that the
prospective cotton crop plus carryover
Is huge in terms Of consumption. Price
changes in silk, wool and rayon were
very slight.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
Markets at a Glance

NEW YORK. August 2S (R.--stocks
nrm; pivotal shares In demand. Bonds
nrm; Atchison General Is at new hisl1.
Curp irregular; utilities arm. For.
nrM. Cotton higher; Decreased hedRe
selling. Sugar holiday. Coffee holiday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
World Lead Output.

NEW YORK, August % H9.-The
world output of refined lead for July
amounted to i5i,356 short tons, COM
pared with l5o,S4l In June and Isl, 270
In May, the American Bureau OF Metal
Statistics Yeport& n
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
CHICAGO STOCK MARKET

CHICAGO, August 23.--Following ia
the complete officiai list of transactions
stocks on the Chicago Stock Exchange
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23

Dividend rates auarteriy SEMI
annual payment
tradns than 100 shares Psrty extra :rlu
Payable in stock Payable In stock
dividend Plus 81 in stock Plus 81 In stock
Plus az stock Plus io% In stock Plus
a Plus S. In stock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
NEW YORK CURB MARKET

Note-An stocks sold In one hundred share lots
excepting those designated by Che letter s0s) (250s
which shows those stocks % Be sold In odd lots only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
BONDS.

copyright. 1880 standard statistics Co.,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23

Received BY Privats Wire
Direct 10 The Star 0Mes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
NEW YORK BANK STOCKS

NEW YORK, August ~ (R.-over.
the-counter market:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-23
BALTIMORE STOCKS.

pecial Dispatch TO The star.
BALTIMORE, August IS
The Washington times., 1930-03-20
TlMES1Arrtal0
FssSClnSSlned NdS
RATES PER LINE PER
DAY 1
(COver insertion in both The
Morning Herald and !
Evening TimeS) 4

These rates are for consecutive
insertions for undiSpIay (want)
All ads are restricted to their
proper classification and to the
type.
fled ads must he made before the
SECOND insertion. No allowance
uncOrrected insertion.
Situation wanted and clairvoy-
ant ads accepted on cash basis
Count six average words to the
line. An average word has six
Ads ordered for more than ONE
day and stopped before that time
viii be charged for the actual
number or times the ad appeared.
charging the rate earned.
Correct rates furnished on ap-
The Washington Times and
Herald are members Of the Assoc
citation of Newspaper Classified
Advertising Managers, which in:
cludes leading newspapers through.
out the country. and has for one
OF its aims the elimination of
fraudulent and misleading classi-
The Washington Times and
Herald as well as every other
member Of the association en-
deavOrs to print only truthful
classified advertisements and will
appreciate having it's attention
called to any advertisement not
conforming to the highest stand-
ards Of honesty.
The Washington times., 1930-03-20
Playground Situation
Criticized by Citizens

Conditions in the Chevy Chase
playground were criticized by Ed
win S. Hege last night at a meet
ing of the Citizens Association of
that section held in the E. V.
Brown school.
Police of the Fourteenth Pre-
cinct were blamed for failure to
keep the playground clean.
Women at the meeting told
Of how attempts to get police
interested in the situation had
failed and they had organized
a delegation to tell them about it.
Conrad Wirth, landscape archi-
tect of the National Park and
Planning Commission gave an il
lustrated talk on plans for the
Identification and improvement
Of various sections of the city.
The Washington times., 1930-03-20
BIZ n :
NO. ICES.

Francesca T. and Carmela Bruzzess.
boy
William A. and Catherine Foley. boy.
Warren B. and Julia /. Manter, boy
William P. and Gertrude Masstngs
boy.
James A. and Rose e. Lindley. boy.
Philip and Margaret z. Ryan. girl
Sam and Salome Thompson, girl.
George and Helana Haines. girl.
Philip H. and Olivia Frobman, girl
James r. and Martha Milton, girl:
Donald L. and Matilda E. Hay, girl
v,., John A. and Margaret E. Jordan
Domenic w and Eva NJ Russell. girl.
Herbert and Elizabeth A. Whitlemors,
girl.
Edward A. and Mae A. Weldon, girl.
George z. and Della G. Garner. girl.
Lloyd W. and Isabel Wineberg. girl.
Peter X. and May J. Latham, girL
Paul and Antonia Zergolis, boy.
William H. and Frances Wheatley.
boy.
Lemuel and Nellie Berry. boy.
Willie and Mamie Simpson, boy
Robert A. and Blanche Jones' boy
James and Lucille Williams. girl,
Edward and Matte Proctor. boy.
Swift and frankie Eagle. boy.
Alfred and Edna Holmes boy.
George and Gussie Washington, boy.
clyde and Helen White, boy.
Thomas and Helen Waddeu. girl.
Arthur and Pearl Frazier. girl.
William j. and Roberta L. MonreeS
The Washington times., 1930-03-20
MATnI2IA AGE


Joseph M. Bosch. as, and Elsie
Wiesell, 81. The Rev. E. L. Bucksx.
Lewis Clark 81, and Annie CovinRa
ton, %. The Rev. Robert Johnston
William r. Gosney, %. and Lucffe r.
Fabert, 10. The Rev. S. G. Porter
Paul g. Curtis. 20. and Teresa. -Xs
Bailey. IS. The Rev. A. J. Olds.
Clarence L. shriver, 3S, and Eliza
beth r. Vorlaufer. 2s.- The Rev. J. 4.
Dunham.
Fred w May. 2s. and salne Flags.
"a. The Rev. A. F. Poore
James r. Boston. %. and Mary q.
Young, a. The Rev. A. ]. Olds.
Benjamin B. Cain, jr., 35. ana
Margaret T. Atkinson, 20. The Rev.
Paul Sperry.
Louis NJ. Stewart 2s, and Irene
jenkins, IS. The Rev. J. r. Harry.