davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-20

Continued on Page 14O
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-17
a h0ld.up.

There ar at least four mistakes in the above picture They may per-
tain to grammar. history. etiquette. drawing or whatnot. See If you can
find them. Then look at the scrambled word beow-and unscrambe i,
by switching the letters around. Grade yourself 20 for each or the mis-
you find. and % for the word If you unscramhle II.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-17
CORRECTIONS

~ Hieroglyphhs III the mans conversation Is spelled incorrectly. ~
The Valley of the Euphrates II i'm Mesopotamia, not Egypt. (J The stat
ne indicated by the gi Is not q Buddha, though ID is the statue On an
Egyptian gcd. tN lie statue at the right is not amen RAJ but the
traditional Buddha seated on the lotus flower. Isl The scrambled word .
SUPPORT v
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
Siemens & HaIske
BY GEORGE T. HUGHES.

Recent financing for Siemens &
Halske, the great German electrical
equipment manufacturing concern, Is
interesting in that 1t shows the modern
trend in investment. For this corpora
ton there were sold in this country re-
Gently block of participating deben-
lures, which are bonds in name and in
fact, but which pay interest at the same
rate as the current dividend on the
common stock.
The evident idea Is to appeal to the
buyer by offering the security of the
bond with the speculative possibility of
the stock. Interest on the debentureS
to the amount of per cent is q fixed
charge, but anything above that is
contingent on earnings. When these
securities were floated a price of 1898
was fixed for each debenture of a prin-
cipal amount of $500. On this S400
per cent of $24 annually must be paid
in any event. An additional amount
will be disbursed equal to the amount
by which the dividend rate exceeds s
per cent. 1t is now IA per cent, and
that, therefore, is the return on the de-
bentures, which makes a yield of per
cent at price of $933 for a $500 piece.
In other words the buyer is paying
over 233 per cent for his bond because
it pays IA per cent. He Is specializing
on the continuance of the dividend at
the present rate hoping that it will be
increased but taking the chance that
with a change in industrial conditions
in Germany or in the prospect for this
particular company it may be decreased.
He is sure of his per cent but the
price he is paying for the bond Is fxed
by the speculative feature.
This is not the first time this COM
pany has sold In the American market
bond with a profit-sharing provision.
A block Of debentures somewhat similar
in character was distributed in 1925
although in this case the bonds carried
warrants for the contingent interest. In
making any such investment the same
precautions should be taken as are
exercised In any common stock COM
mitment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
PRODUCTION GAIN
! IN j. S. REPORTED
Reserve Board Figures-Em-.
pIoyment Increased Since
Middle of January.
BY the Associated Press.

BY the Associated Press.
The Federal Reserve Board In its
summary of general business conditions
reported per cent increase in iiIol:s-
trial production in January from the
low level of December.
This increase, the board said, re-
hected principally a larger output of
automobiles, steel, cotton textiles and
shoes. Output of copper, cement, !um-
Der, anthracite coal and -four declined
In the first two weeks of February steel
plants reported an increased rate of
operation, but continued to be less ac-
tive than in the corresponding period
of 1929.
Factory employment, which was in
relatively small volume in the middle
OF December, was further reduced by
the middle of January, but preliminary
reports indicate slight increase in
the three weeks following" the sum
mary said.
In automobile and steel planpa there
was an increase in employment in the
month ended January Is and In recent
weeks further increases have been re-
ported for these industries. There Nere
decreases in January in the number of
wage earners employed in the machin-
cry, car-building and repairing, lumber
and cement industries"
The board said there was a further
liquidation of bank credit and a decline
In money rates, while commodity prices
continued to move downward
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, Md, February "a
Poultry, alive-Turkeys, pound, S0a36;
old toms, 20a25; Spring chickens
28a32; poor and thin, 19a20; Ole
ROSTERS. l7a1s; capons, sOa36: ducks
l9aSo; old hens. 25a26; Leghorns
Z TsaaaI. Guinea Gun fowls each. 45a7O;
Eggs-Receipts, 1928 cases; nearby
f1rsts: dozen, IS; hennery, white. frsts
Butter-oood and fancy creamery
pound, 34a381A; ladies, 3Ia32; store
packed, 20a2l; rolls, 25a2s; process
Vegetable Prices.
Potatoes, white, 100-pound sacks. 225
az.9O; sweet potatoes, barrel, I.75a2. rs;
yams. barrel, 1.75a250; beets, basket.
2.O0a2.25; cabbage, hampers, 75aI 90
! carrots, 100, 3.00a4.00; caulifiower. crate
7Sa1 80; celery, crate, 2.00a3. 90; lettuce
crate, 2.00a3.50; kale, barrel, 75al IS:
onions, 100 pounds, 1.50a1. rs; peppers,
crate, 4.00a700; peas, bushel, q. 5Oa3. 90
parsnips, basket, 40a50; spinach, bushel,
sSal 90; SQUASH, bushel, 2.50a4.5O;
hamper, 25a30; bushel 6Oa75; cram
berries, box, 5.50a6.50; grapefruit, box,
2.b0a4.50; oranges, 2l0a4.75; tanserines'
box, 1.25a350; strawberries, quart,
Live Stock Market.
Cattle-Receipts, $50 head: supply
light, market higher Steers, choice to
prime, none; good, 12.00a12.5O; medium
TO good, 7.25a12.00: fair to medium,
1O.25alI.2 rs; plain to fair, s25aiO Is:
common to plain, 8.00a9.0O. Bulls.
choice to prime, none; good to choice,
none; medium to good, 8.50a9 90; fair
to medium, 800aS.50; plain to fair.
T.5OaS.O0; common to plain, 7.00a7 So
Cows, choice to prime, none; good to
choice, none; medium to good, 7.50 to
500; fair to medium, 500 to 7.50; plain
to fair, 500 to 500; common to plain,
400 to 500. Heifers, choice to prime,
medium to good, 900 to 1000; fair to
medium, 500 to 900; plain to fair, TOO
to 500; common to plain, 500 to 700.
Fresh cows and Springer, so to $50.
Sheep and lamb-Receipts, 80 head !;
light supply. market lower. Sheep, 400
to $50; lambs, TOO to 1915.
CalveS--Receipts, $50 head; light sup
ply, market lower. Calves, TOO to
Hay and Grain Prices.
Wheat-No. red Winter, export,
Loo: No. 2 red Winter, garlicky. spot,
LOO q; February, 1904; March, 1,0Sb;
No. 3, garlicky, no quotations.
Corn-No. 2 domestic, yellow, new,
96a97; cob corn, new, 4.65a4.76.
Oats-No. 2, white, domestic, spot,
53l2a54; No. white, domestic, spot,
521aa53.
Rye-Nearby, S0a9O.
Hay-Receipts, 80 tons; general hay
market Is quiet; some little hay is arr
irving, but hardly enough upon which
TO establish quotations by grades. Bet
ter grades Of timothy and clover mixed
are selling from 16.O0a20.00 per ton,
according to quality and condition, re-
ceipts by truck supplying most require
ments.
Straw-Wheat, No. 1, per ton, e.OOa
1000; oat, No. /, per ton, 9.00aI0.0O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
BUSINESS OUTLOOK
is HELD ENCOURAGING
Union Trust Co. Survey Declares
Renewed Activity Is in
Prospect.
Special Dispatch to The Star

Special Dispatch to The Star.
CLEVELAND, Ohio, February "a
The gradual recovery of business is
continuing, although the improvement
is not uniformly apportioned among
industries, and the general outlook is
distinctly encouraging, the Union Trust
Co, Cleveland, reports in its monthly
survey of business conditions.
A few of the encouraging signs re-
ported in the survey are renewed activ-
ity In steel and automobiles, improved
credit situation and the upward trend
OF building. On the other hand. con-
siderable unemployment is still in evil
dence, according to the bank
preliminary estimates of automo-
bile production during January give a
production total for that month of
approximately 275,000 units, rs COM
pared TO $4,000 in December and AGO.
600 In January, 1929" the bank says.
The largest gains were evidenced in
the lower priced field, with Ford pro-
duction reported at about $500 cars
daily AS manufacturers increase pro-
auction schedules corresponding gain
is being shown among the parts and
accessories plants.
1T is particularly encouraging to
note that automobile companies are not
following their past practice OF piling
up heavy inventories in anticipation of
Spring business, but are moving for
ward cautiously in an effort to keep
production within the limits of con-
sumner demand.
steel mill operations have Travelled
from range OF 40 per cent to so per
cent Of capacity at the lowest point
during December to one of rs to 80
per cent in February This recovery
indicates the vigor and extent of the
improvement that has taken place
from the bottom of the recent recess
Sion'
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
BUSINESS GAINS OF JANUARY
NOTED IN GUARANTY SURVEY
Reports Thus Far Available Are Contra
dictory, Says Report-Auto Output
Greater-Store Sales Less.

sharply last month, while smaller gains
were reported in cotton consumption
and electric power production, according
to the preliminary estimate. Construc-
ton contracts were larger than in De-
cember, contrary to the usual trend at
the beginning of the year. Business
sentiment has undoubtedly been inn
proved by the continued ease in money
rates and by the general downward
movement of rediscount rates at the
Federal Reserve Banks.
"On the other hand. both check pay
ments and railway freight loadings con-
tinue to compare unfavorably with the
totals for comparable periods in previ-
Gus years. Chain store sales reflect the
slowest rate of growth reported in some
time, and department store sales show
slight recession from the level of a
year ago. The volume of foreign trade
continued to decrease last month. The
average level of employment reported
for January throughout the country was
the lowest sine 1922 Coal production
was considerably smaller last month
than in December, if normal seasonal
change is taken into consideration.
Building contracts declined sharply
from the January level during the first
half of February"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
GRAIN MARKET.

CHICAGO, February "a (P).-Wheat
suffered more than a DC fresh break in
price here early today, and fell to low
record quotations during the present
crop year. Severe set-backs in prices at
Liverpool and Winnipeg, together with
stop loss selling here and prospects of a
larger end OF the season carry-over of
wheat in the United States than in. 1929
were chiefly responsible. Opening ll2
to 3l2 down Chicago wheat future de-
liveries later went still lower. Corn.
oats and provisions fell with wheat,
corn starting u to "a off, and subse-
quently continuing to recede,
Persistent heavy selling pressure de-
veloped in the Chicago wheat market
today as soon as trading began. A
large part of the offerings thrown on
the market appeared to come from
holders unable or unwilling to meet
further losses, especially in the face of
continued downward plunges of wheat
values both at Liverpool and Winnipeg.
Meanwhile, no indications of any large
amount of North American export buSi-
ness over the week end were in evidence.
and estimates were current that United
States clearances of wheat must total
100000 bushels weekly from now on
or else result In more domestic wheat
being left undisposed of this season
than was the case before harvest last
year.
Almost total lack of aggressive buying
support accentuated the weakness of
the Chicago wheat market at times
today, would-be speculative purchasers
holding off pending absence Of tangible
basis for anxiety about domestic crop
conditions. Furthermore word was at
hand that farm board cooperative
allies were refusing to accept wheat
today at Omaha, the refusal being due
to scarcity of storage room available.
Notice was also being taken here of
reported discussions between grain
growers organizations in the Northwest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
BOND DEMAND REPORTED
ACTIVE TN BALTIMORE

Special Dispatch to The Star.
BALTIMORE. February 24.-Local
Investment bankers report that the de-
mand for bonds and preferred stocks
is steadily growing, and that the sup
ply Of desirable issues Is smaller than
for more than q year. They declare
that the market is not confronted with
excessive fiotations, and that the sit
uation on the whole Is favorable
Municipal as well as corporation bonds
recently brought out have been well
distributed
Encouraged by the recent success
ftll sale of State of Maryland Az per
cent bonds. two Maryland counties will
receive bids tomorrow for small issues.
Wicomico County will be in the market
with an offering of 100000 Az per
cent bonds and at the same time Prince
Georges County will open bids for
.$125,000 obligations bearing the same
rate Of interest. Bankers say that COM
petition will be keen for both issues
and that there is every reason to believe
they will command good prices.
II the sale OF Wicomico and Prince
Georges County bonds Is as successful
as now seems probable, it is likely that
other Maryland counties, cities and
towns will call for bids for bonds they
contemplate selling this year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
Special Dispatch to The star.

Special Dispatch TO The Star.
NEW YORK. February 24.-Informa-
ton on the business situation which has
become available so far this month is
somewhat contradictory. but on the
whole favorable. according to the Guar
anty Survey, published by the Guaranty
Trust Co.
1T is now fairly clear" the Survey
says, that business activity in January
increased by more than the usual sea-
sonal amount over the December level,
and it appears that further gains have
been achieved this month. In some di-
rections, the bright promise of January
has not been entirely borne out, but in
others the progress made has even ex-
ceeded expectations.
Undoubtedly the most impressive i'm
provement has been reported by the
steel industry. This i. both significant
and encouraging because of the wide va
riety of sources from which the demand
for steel arises and the fact that the
trend OF steel output usually follows the
course OF general industrial activity
rather closely. Weekly trade reviews
have consistently reported increases in
business with special emphasis on i'm
provement in industrial centers.
Automobile production increased very
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
NEW SECURITIES.

NEW YORK, February "a (P.-New
securities offered today include
Canadian National (West Indies)
Steamships, Ltd, $1,000 900 25-year 5
per cent guaranteed gold bonds, to be
dated March /, 1880 and maturing
March /, 1855, priced at 100 and in
terest. Offered by banking syndicate
headed by Dillon, Read e. Co.. and in
Guiding the National City Co., Guaranty
Co. of New York and others.
Beauharnois Power Corporation, Ltd,
30-year 6 per cent collateral trust sink
ing fund bonds with stock bonus de-
livery warrants and stock purchase
warrants attached, dated October /,
1929, and due october /, 1850, priced
on application, offered by A. Iselin &
Co. and others.
Albany County, N. Y, 81 200, 900 4A
per cent bonds maturing March 1, 1891
to 1860, inclusive. The 1881 maturities
are priced at 100 and interest, and the
1932-1960 maturities are priced to yield
40 per cent, offered by Barr Bros. &
Co. and the New York State National
Bank.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
NEW YORK COTTON.

NEW YORK, February "a (P-
Cotton opened barely steady today at
declines of IL to % points in response
to lower Liverpool cables and a renewal
of near month liquidation. The selling
was more or less general at the start
and prices for nearly all positions made
new low ground for the season with
March selling off to 1895 and May to
1925. or "a to % points net lower.
Later months were relatively steadier
but October declined to 1870 or Is
points under the closing quotations of
last Friday. Stop orders were uncovered
on the decline, but were absorbed by
covering and trade buying and the
market was rather steadier with prices
showing rallies of few points from the
lowest at the end of the first half hour
Liverpool cables reported liquidation.
continental and Bombay selling In that
market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
CURB SHARES SAG
INDRAGGY MARKET
Utilities Issues Steadier After
Wave of Profit Taking
Sales.
BY JOHN A. CRoNE.

Special Dispatch TO The Star.
NEW YORK, February 24.-AfteI
opening moderately active, but vir-
tually trendless, today the curb market
slackened its trading pace and moved
lower. Utilities were the first group tc
Surn heavy. Industrials eased next, no.
tably such as might be affected by de-
Ginning commodities. Oils were some
what stronger, as were coppers and
radios.
After the first wave of profit-takine
power and light holding companies
steadied Electric Bond & Share was
down at intervals nearly points
American & Foreign Power, American
Superpower and United Light & Power A
also fell. Niagara-Hudson Power, St
Regis Paper and Eastern States Power
all related, likewise reacted
General Petroleum Corporation when
issued new common, which will be the
outstanding stock Of the merged Stand
ard Oil of New York-Vacuum Oil-if
the Department of Justice approves the
merger-appeared at 32l4. The next
sale was 80 g. It was traded in on the
Produce Exchange at 3d.
Indian Territory Oil, which recently
brught in several new wells, was whirled
to its previous high price. Vacuum
opened up / a points at 1924 and then
moved to 93l2, but later eased of.
Canadian Maroon featured the radios
In gain and activity. Opening on a
5000 share lot at 514 or up Is it
climbed to 5ia, new high for the
year on floor reports of merger. Then
Marconi international Marine opened
up u points. In the manufacturing list
Pilot Radio, Am-Rad. and Eisler Elec-
trio turned over frequently with little
change.
Natural gas shares showed strength.
Memphis Gas. the first to appear fire.
quently, was joined by United Gas and
Pacific Public Service. The latter. asso-
ciated with Standard Oil of California
in distributing natural gas, plans to step
up output considerably. Dixie Gas g.
Utilities and Arkansas Natural Gas were
also active
National Steel responded to an an
nouncement that Weirton Steel, unit
of the combine, had closed an order for
$3,5OO0 900 with United Engineering g.
Foundry to build a mill which viii in
crease capacity. Republic Iron & Steel
was off slightly. Implement shares, such
as Deere 81 Co., moved lower, mirroring
the commodities.
Copper shares were active and higher.
The betterment in Hudson Bay, United
Verde and B'wana M'kubwa later ex-
tended to Newmont Mining. Noranda at
times was up about u.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
CHICAGO DAIRY MARKET,

CHICAGO, February "a (R.-Butter
easy; receipts, 1855 tubs; creamery
extras, Ban; standards, 341a; extra
nrsts, SSh2 to "a; firsts,. 80 to 3215; Sec
onds, 81 to 31h. Eggs easy; receipts,
22,e91 cases; extra firsts, 81; graded
nrsts. 26 to asa; ordinary firsts, 24i2
to 25z.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
NEW YORK CURB MARKET .::: r. ::: ss:

Notiee-Ah stocks sold one hundred share lots
excepting those designated by the letter 1851 (esSs
which shows those stocks to be sold In odd only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
MARYLAND TOBACCO SALES.

BALTIMORE, February "a Especially
Receipts of Maryland leaf tobacco
last week totaled A hogsheads, while
sales of SO hogsheads were reported
leaving a stock In State tobacco ware
houses of 1852 hogsheads and 252
hogsheads of ground leaves.
There is still q good demand for
practically all grades of old-crop to-
baccos, but very few offerings.
Quotations today for Maryland leaf
per 100 pounds-Inferior, 7.00a12 90;
sound common, 1300a2o 90; good COM
mon, 21.00a30.00; medium, 81 00a40 90:
good to fine red, Al 0Oa51 90; fancy
5l.50a52.00; seconds, common to good
common, 7.20; medium, 21.00a30 90;
good to fine, 31.00a40.00; upper coun-
try hurley, nominal; ground leaves,
6.00a24.0o.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
POTATO MARKET.

CHICAGO, February "a UNITED
States Department of Agriculture =
Potatoes-Receipts, 225 cars; on track.
356; total United States shipments Fri
day. 876; Saturday, 623; Sunday. 80
cars; trading rather slow, market dull:
Wisconsin sacked round whites, 2.4O to
2.55; Idaho sacked rIIssets OCaa On
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
STEEL OPERATIONS DROP

NEW YORK, February "a (P).-Steel
operations in the Youngstown district
declined per cent-from n to "a per
cent Of rated capacity-during the past
week as result of downward revi-
sion Of open-hearth schedules. Thirtv-
nine open shearths will be active this
week, compared with AZ last week. .
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24

American cigars may be introduced
into Japan.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24

annual
sExdividend fPartiy stock Payable IN
cash er stock Payahls stock pretesred stock
Nogales international., 1930-11-04
PRECINCT
Still Squandering Money

The editor of the republican evening breeze
apparently SO wrought up over the exposure made
by the NOgaes International last Friday that he lost
his head entirely and paid absolutely attention to
facts records when he told his readers how the
publican supervisors were saving money on the coun
tvs printing
AS matter Of fact the supervisors paid him in
1929 81 4616 and for the first ten months Of this
year they have paid him 81 1861 indicating that the
county's printing bill will be greater this year,
We have two more months to run.
Had this work been given to the Nogales Inter
national the supervisors would have saved the county
just half Of this amount In other words the county
printing bill for two years would have been equal to
the present bill for year and the supervisors knew
this when they gave the contract to the republican
mOuthpiece, but, Of course, they just HAD TO FAV
OK the republican paper The interests Of the county
and the taxpayers were of secondary consideration.
And as for the remainder of the republican ed-
tOrlas TRADE against the present of the Inter-
national there is not the slightest thread Of truth in
his statements. We not publishing the former
paper that discontinued publication and were not
under pond at any time for performance OF printing
contract and the republican editor knows it, lie made
the statement with the full knowledge that he was
telling malicious Imtruth.
His editorial was so ridiculous that we really
should not waste valuable time answering it. but we
merely want to keep the record straight.
incidentally, for the republican supervisors to
throw away $4,000 of the taxpayers money is
small matter for them They have increased the con-
Us expenses $4,000 this year last and we have
called the publics attention to this number Of times
and have backed up the charge with FACTS taken
from the supervisors records.
The republican mouthpiece however, continues
to chi1p its little song about the economy of the
publican supervisors and how they are saving the
county money and reducing taxes.
Why doesn't the republican editor spend little
time at the county court house and get the FACTS?