davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
FOREIGN EXCHANGES.
Quotations furnished by W. Hibbs g. Col
Nominal gold Selling checks

NEW YORK, July (P)-Foreign
demand, 1864; cables, 4.861a 60-day
bills on banks, 4841k. France, demand,
3.93 5-16: cables, 393. 7-16. italy, de-
mand, $685.; cables, $3.50.
Demands-Belgium, 1861; Ger
many, 1884; Holland, 40.1812; Nor
way, 26.7812; Sweden, 26.861a; Dem
mark, 26.781a; Switzerland, 1912;
Spain, 11.73; Greece, 1.293s Poland,
11.25; CZechoslovakia, 1851: Jugo-
slavia, 1771s; Austria, 14.12; Rumania,
59la; Argentine, 36121l; Brazil, 1895;
Toxic, 1910; Shanghai, 36.621s; Mon
treal, 10000.
Great Britain dollars, others in cents.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
PRODUCE QUOTATIONS.

NEW YORK, July 9 [P.-Flour Arm;
Spring patents, 515-55; soft Winter
straightS, 4.50-80; hard Winter straights,
465-5,05. Rye firm No 2 Western,
56% fob. New York and SIS elf export.
Barley firm; domestic, 81 elf. New
York. Other articles unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
POULTRY PRICE FIRM,

CHICAGO, July 9 (P.-Poultry, alive
Receipts, cars, 80 trucks; Arm:
fowls, %; Springs, %; broilers, 20a23;
ROSTERS, ID; turkeys, young 49, old,
Is; Spring ducks, 13a16; Spring geese. 16.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
GETS PIPE CONTRACT.

NEW YORK, July 8 CP.-The S. r.
Dresser Manufacturing Co. of Brad
ford, Pa, has received a contract to
supply couplings for about ITO miles of
pipe line which the Missouri Valley Pine
Lire GO. Is e construct "a Nehraska,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
Rail Stocks

(This Is tbs fourteenth of series Of
brief analyses by George T. Hughes on
railroad securities. The intent is not to
recommend the purchase of sale of any
particular stock, but to give the investor
such information as may enable him in
diligently to chart his own course)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
DRY GOODS QUIET.

NEW YORK, July Especially -
Goods markets were quiet today. Print
cloth quotations remained unchanged at
53s for 64x60s and at 6H for 6sx72s.
Raw silks were quiet and unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
DIVIDENDS.
NEW YORK, June Q (P1.-

Extra.
Columbian Carb. .25c Aug. l July II
Initial.
Nat Co (Toledo) 20c @ Oct. /
Midi Nat Gas A. 30c @ Aug. / July is
N cast L Ry n. 50 so SA Aug. / July 1e
Resumed.
Nat Licorice. .......sl July 81 July IL
Increased.
Proc & Gamble. .60c @ Aug. is July rs
Reduced.
Cluett Peab & Co. Use @ Aug. / July q
Ena Heat Prod. .25c @ Aug. / July is
Omitted.
Geom Stamping. 45c @ Due July l
Schl Tx 80 pf. .17lzo Q Due June so
Deferred.
tznuek n lkslis. 81 30 IA pua ,alv =
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
TREASURY CERTIFICATES.

w. r. Wearham Of Dulwich, England,
has just invented portable piano
player.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09

The Peirce-J ohnnot-Nichols House in
Salem, Mass, is considered to be the
finest wooden residence in America.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
NEW YORK CURB MARKET s s.:: !. ~ st.: ss:

EOtce-An stocks cold I'm hundred share lots
excepting those designated by the letter (65s) (zS5
which shows those stocks to be sold In odd lots only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
CHICAGO STOCK MARKET
BY the Associated Press.

BY the Associated Press.
CHICAGO, July e.-Following Is the
complete oficial list of transactions in
stocks on the Chicago Stock Exchange
today:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
STOCKS EX.DIVIDEND.

NEW YORK, July o (Pl.-stocks ex-
today:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
BONDS.

$4,000 insult IS 40 toish fOf fofM
5000 South Union Gas Gas WV wv iiS To- iSSS iSSg
Bond sales today, $40 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-09
BONDS.
GRAIN GOES HIGHER

(copyright. $780, standard Statistics Coz
The Washington times., 1930-08-04
Sharp Gain ShOlUn
In Weeks BuiLding

A sharp gain in commercial
building operations, in roads. and
in other engineering structures
featured activity in the nations
heavy construction and engineer
ing field during the past week.
Contract lettings for this period
amounted to $51,62S.0OO. which
compares with $37, $4,000 in the
preceding week, Engineering News
Record reports.
Awards for street and road con.
Struction are AZ per cent above
last weeks total. Industrial build
ing contracts declined, while
other engineering lettings showed
a substantial advance. For the
period since January / to date,
engineering awards are still be-
hind the volume of the CORE
spending period last year. Curnu-
lative totals are $3,117,032, 900 in
1880 and $2,616, 1926, 900 in the cor
responding period a year ago
Heavy construction and ,engi-
neering awards in the past week.
by classes, took the following
totals: commercial and other
buildings, $17,170, 900; streets and
roads, $14,6T7, 900; Industrial
buildings. $6,39O.0O0. and other
engineering construction, $13, ,491,-
The Washington times., 1930-08-04
FREEPORT GETS
OIL. OPTION

Freeport Texas Company has
optioned considerable acreage
owned in fee by Louisiana Oil
Refining Company near Humble,
Tex, and has started test drilling
for sulphur deposits, it was an
nounced yesterday.
Louisiana Oil. Refining Com.
pany has given an option on
about 42O acres on the Humble
dome to the Freep0rt Texas
Company" M. J. GrOgan, preSi-
dent of Louisiana OIL, said.
I'VE received substantial cash
payment for the option and
the property is now being core
drilled by FreepOrt Texas.
'Tf paying deposits of sui
phur are found and the option
is exercised, Louisiana Refining
win receive an additional large
cash payment and SubStan-
tial royalty on all sulphur
mined on the property.
"The option expires Decem-
Der Is, 1885,, and the agree
ment between the two COM
panieS provides for q minimum
monthly royalty equivalent to
the royalty on 4,444 tons If the
option Is exercised"
The Washington times., 1930-08-04
Allied Kid ShOlUs
Business Increase

The Allied Kid Co., for six
months ended June 80, 1880, re-
ports net earnings of $308,905,
before Federal taxes but after
an inventory write-off of $1O9, 900
After estimated Federal taxes.
these earnings were over 3A times
dividend requirements for the
period on the company's $3.50
convertible preferred stock. Tie
company was not formed until
June /. 1929. so a comparison
with the previous year is not
possible. Net earnings of the
constituent properties for the five
months ended May 81, 1929, were
$201, 1875 before Federal taxes.
The volume of goods sold in
the first six months of this year
showed an increase, but due to
lower prices the dollar value of
sales showed a decrease of about
lA per cent.
The present quarter is epected
to show a satisfactory profit and
should general business be good,
earnings in the last quarter should
be larger than in any other OF
this year.
The Washington times., 1930-08-04
SegaL Increasing
Capital By Issue

Directors of Segal Lock and
Hardware Co., Inc, have ap-
proved a plan through which
stockholders of the company are
offered rights to subscribe for adj
ditional stock at SIS per. share on
the basis of one-half Of a new
share for each share of stock
held. -
Stockholders. of record August
/, 1880. are offered this privilege
and. all subscription rights must
be exercised before the close of
business August %. 1880. The
stock not taken up by stockhold-
ers has been lnderwritten. The
proceeds from the sale Of the
stock will be used to hquidste
the Indebtedness incurred in con-
nection with the acquisition Of
the Norwalk Lock Company, =
new subsidiary which is $685. per
cent owned by Segal Lock and
Hardware Co,
The Washington times., 1930-08-04
SMALLER CHECK
PAYMENTS

Business for the week ended
July 26, as indicated by the vol
ume of checks presented for pay
ment, declined from the preced-
ing period. and was below the
level of the week ended July u,
1929.
Bank loans and discounts of
member banks of the Federal Re-
serve system for the week ended
July 26, recorded but slig h
change when compared with the
preceding period and the CORE
spending week in 1929. Interest
rates for call money fell off,
while those for time money were
higher than last week. Both
rates were materially lower, than
a year ago. 4"
Building and engineering prof.
ects, and the activity of steel
mills for the period ended July
10, showed marked gains over the
week ended July IL. AS COM
pared with a similar period in
1929, both indicators registered
declines.
The Washington times., 1930-08-04
RETAIL
SALES NOTED

An appreciable gain in retail
distribution, partly the result Of
not weather. also for vacation
needs, and as result Of aggrea-
SiVe sales campaigns by mercl1a.1s
disers. is noted by r. G. Dun g
Co. in weekly trade review.
Much of the further recession
that has appeared in business is
clearly due. to the usual A1iidsunl-
mer curtailment. Refreshments
have made some additional prog
reSs and generally in the direction
Of partial recovery. In industrial
lines operations are at slow paces
The fact is emphasized that pro-
duction has been limited so rigidiy
to immediate requirements that
any turn for the better will be se-
flected at once in increased man.
ufacturing activity.
The tenor of reports this week
indicates additional inquiry " in
some of the wholesale, markets.
In the primary dry goods trade.
while some moderate gains In the
volume Of business are noted, they
are by no means very widespread.
Improvement is also noted in the
inquiry for raw silk. Production
in the wooden goods industry is
still limited, but has shown some
increase of late. The hides and
leather markets continue dis
turbed by unsteadineSS in prices
and the usual seasonal condition
in shoe production is more &C.
centuated than heretofore.
The situation in the steel in
dustry remains dull, with the de.
mand still sharply restricted.
The markets for wheat and cot.
ton are disturbing factors. Win
ter wheat is moving very heavily
in the Middle West and ship.
ments of new spring wheat from
the Northwest have begun and
are rapidly increasing. Indicae
tions now point to larger crop
than has ever been caculated on.
Unfortunately the price Of wheat
has continued to decline and
has touched new low marx.
Likewise as to cotton, selling
pressure is so heavy that quota
tions have touched q new low
point.
The Washington times., 1930-08-04
ORE Ms
| TO- NARROW
5. TRADING
Bx ~. S. COuSINS

NEW YORK, Aug. 4 uN.S)
The new week in the stock mar
ket started where the last one
wound up, with the whole list
swinging in the narrowest price
range under a reduced volume of
buying demand.
Gains and losses of a point or
more we're evenly divided among
the active shares and those
which were under selling pres
sure last week we're again under
the hammer of the bears.
Warner Brothers sold about 2
points lower, recording a new
low at 33A, as the result Of
continued uncertainty over the
dividend prospects of the near
future. The bears were not in
clined to extend their Short-selling
to the utility group, and the gas
and electric stocks lapsed into
dullness.
Hopes for rally in business
this fall rather than definite ac-
compliShments in any particular
direction, reflected the bulk OF
the business and industrial state
ments over the weekend. The re-
turn of 10000 men to their jobs
in the important Detroit automo-
bile works was cheering, from the
bulls standpoint.
No rally of any Importance was
seen in the commodity markets,
and sugar was marked down an
additional 10 points by the big
refiners.
United States Steel, General
Motors, Westinghouse and other
industrial faSorites ruled slightly
higher in. the second hour, under
short covering and investment
buying. Radio sold above 43 and
Radio Keith was unchanged at
3lh. The Public Utility shares
started tthe new week slightly
lower, but trading in this section
of the market was the dullest in
months.
Call money renewed at 2 per
cent.
The Washington times., 1930-08-04
LOW INTEREST.
RATES TO AID
RECOVERY

The most encouraging factor
revealed in a comparison Of the
present industrial situation with
all other depressions in modern
history is the recovery which In
evitably follows slump in bust.
ness has usually come after there
has been sharp and substantial
reduction in interest rates, ac-
cording to Dividends, the monthly
review published by Kidder, Pea
body & Co. .ef
The review declares: 20
with rates on three TO sf&f
months commercial paper I'm
the neighbOrhOOd Of 3 per cent I
at present as against about 2
per cent just . year ago. the
way appears cleared for . re-
cOvery. -
+. "As pointed out before, how
ever, easy money Is to . great
extent q symptom of poor busis
ness and only partially . means
~ eAAC CuO Va AANAUNGAACAAb IN
the general situation.
Ordinarily, Improvement In
business will be accompanied by
a strengthening in money rates
and vice versa and, since the
latter come more quickly in
view, they may sometimes act
as a business barometer. IE
cannot be said, however, that
higher rates for money fnevi-
tably indicates better business
in the near future. Thus, the
significance Of the recent
slightly firmer tendencies In
time money cannot be accu-
rately gauged at the present
time. Call money continues at
record low levels refIecting q
lack Of immediate demand.
Bond prices have moved In
more orthodox channels. Since
the latter part of last year,
when the first definite signs 0f
slowing up in business came
and when money rates started
their rapid decline. bond prices
have risen sharply" s
The Washington times., 1930-08-04
Baltimore Produce

North Carolina barrels, Yellows, u. s.
Is. Ss.5O06; ungraded. $4.So@6S Georgia
barrels. YelIows, u. s. IL. 81.
Sduash-Supplies moderate. Nearby
4 -bushel hampers, 30@50c.
Tomatoes-Supplies moderate. Nearby
u -busheI hampers ripe. best 5@9oc;
few higher. poorer, 35Q60c.
Watermelons-Three North Carolina,
II South Carolina arrived; 4 recon
ngned; q cars on track including
broken Western Shore Virginia boat
receipts light. Supplies moderate: de-
mand moderate; market about steady.
Western Shore Virginia, Tom Watsons.
32-3S lb. average, 45@50c: 1880 10.
average, 30@35c; 2o-22 ID. average.
$50 2Oc. North and South Carolina,
Tom Watsons, 30-lb average, 4OQ soc
a4-lb. average soc each. Car-lot sales,
buyers. holding off. Few sales. North
Carolina bulk per car, Tom WatSons,
layers, 30-32 lb. average, $3O0 @325:
s5-26 lib. average. $209s 29-22 ID. aver
age. s1S5. SoTae cars wasty, selling for
freight and less.
EGGS
On the Baltimore Butter and Egg
Exchange there was no trading. Street
sales market duh. Small lots, nearby
current receipts. 2o@21c; few higher;
candIed, 24025c. Receipts, butter, "a
tubs; eggs, 739 cases.
LIVE POULTRY
Chickens-Young, colored as to size,
ESQ 32c; leghorns, as TO size, 15@l7c.
Chickens-AOld. heavy, csc; medium. 90 %
22c; Ieghorns and other light stock,
14Q16c; roosters, 13@15c.
The Washington times., 1930-08-04
Record Group Insurance
Taken By National Dairy

National Dairy Products has
taken out record group life, ac-
cident and sickness insurance
policy, it was. announced by
Thomas H. McInnerney. presi-
dent.
The blanket insurance for the
company's $4,000 employees in
wolves $6O,000,0 900 life insurance
and more than 100000 weekly
benefits for sickness and non
occupational accidents.
New York subsidiaries Of the
company include the Sheffield
Farms Company, the Breyer Ice
Cream Company, the Hydrox Ice
Cream Company, the Breakstone
Bros. Inc, and Alex Grossman &
Co., Inc.
In discussing the record-break-
ing group insurance, Mr.. Nc.
Innerney stated that the COM
pany had been considering the
plan for some time.
The Washington times., 1930-08-04
ULen & Co. Earns
Annual Dividend

Ulen & Co., an international
engineering and construction cor
poration, affiliated with Stone SS
Webster, Inc. reports gross earn.
ings of $686,731 for the three
months ended June 80, 1890,
against $639, ,S01 for the CORE
spending period of 1929.
Earnings are from fees on con-
struction and management con-
tracts and from financing and
miscellaneous accruals, interest,
etc. Net, available for the COM
mon stock was 1922 ,287, equal to
$O.82 per share on the outStand-
ing common stock, against $221,-
743 in the second quarter of last
year.
For the six months ended June
80, 1890, net income available to
the common stock amounted to
$435, ,523. or $1.67 per share as
against $1.62 pr share on the
same number of shares for the
corresponding period Of 1929.
The Washington times., 1930-08-04

"This," he continued, has
been prompted by recognition
Of the importance Of adequate
insurance protection for em-
plOyes and their dependents
under a plan whereby the cor
pOratiOn shares part Of the
cost"
Liberal benefits are provided in
the plan. These range upward
from a minimum of $500 life
and SIS upward weekly
sickness and accident benefits,
on employees earnings.
The plan is cooperative and
was underwritten by the Travellers
Insurance Company.
The company is the largest
unit in the dairy products in
dustry and sales volume in the
current year is officially esti-
mated at more than $400, 900 900.
The Washington times., 1930-08-04
WEEKS S U N MARY OF
BALTIMORE PRODUCE
ERI.IT


Receipts OF apples continued fairly
liberal among the new arrivals were
Gravensteins from California, and Sum-
mer Rambos from Delaware and nearby
points. Arrivals of peaches were liberal
with supplies somewhat lighter the
latter part of the week ana a better
feeling prevailing. BlackberrIes and
held steady at 10000 per
quart. Nearby cantaloupes, after a
sharp decline in price the middle OF
the week, recovered closing Saturday
Eastern Shore Maryland stock was gen.
orally of only fair quality and sold at
low prices. Watermelons also advanced
in price the latter part of the week
lighter receipts. Several boatloads from
the Western Shore of Virginia were
on the market; shipments from Mary
land and Virginia points have been
tinued dry weather. Auction prices on
California Bartlett pears showed a
daily decline. Plums also were lower.
Lemons. after reaching peak of $12.S5
per box, declined to a. range of $500
$50 per box on Friday.
VEGETABLES
Receipts of potatoes were heavier
81 so per barrel for U. S. No. /. Cob
blers; New Jersey 15O-lb. sacks, sold
at $25O@27s per sack; Western Mary
land and Pennsylvania Round Whites
at $1.5o@1.75 per cwt. Onions con-
tinued very dull at lower prices. Cab
bage was in fairly good demand; the
first carlots from Pennsylvania and
New York were on the market and
sold at around $50 per ton. Receipts
of sweet potatoes were heavier with
prices lower: North Carolina barrels
Yeltows ranged, $4.50@6.50; Georgias
$7@7.5O per barrel. New York State
Big Boston lettuce moved slow at ESQ
75c per crate: California and WASH
ington State Iceberg sold at $500
4.25 per crate. Eastern Shore Mary
per busheI hamper on Friday. Prices
OF nearby produce held fairly steady
on all lines, closing firm on sugar
corn, young beans and fancy tomatoes
and cucumbers. Many lots of cabbage,
beans, cucumbers and corn showed the
effects of the continued dry weather.
BUTTER AND EGGS
Receipts of fresh eggss were very
light Most lots arriving showed.
warm weather of the past two weeks.
fresh stock was in demand
at premium. There was no trading
on the exchange all the week. But
advanced 1@2c per pound on the top
grades. Packing stock also advanced
slightly.
LIVE POULTRY
Old hens-Receipts were more than
sufficient to meet the demand and the
market was dull and easier. especially
on small and medium fowl. Young
and fat, were not wanted. Smaller
and thin birds were hard to move
even at low prices. There was q very
limited demand for ducks
The Washington times., 1930-08-04
Farm Prices Fall
BeLOIU 1929 LeUeL

A marked decline in prices
paid producers for practically all
agricultural products reduced the
farm price index IL points from
June Is to July Is, the Depart
ment Of Agriculture announces.
Thus as Ill per cent of the
prewar level, the index was 20
points below a year ago and at
the same levels as of July, 1921.
Declines ranged from / per
cent for butter to % per cent for
rye. Eggs were the only product
to register an advance, and this
was but per cent.
The Washington times., 1930-08-04
7 RUST MAKING
DISTRIBUTION

First public distribution of
Trust Shares of America is be-
ing now made by Beverley Bog
ert & Co., Colston, Heald & Trail,
Craigmyle & Co., Du Bosque,
George g. Co.. Gonder, Kelley &
Co., r.. w. Halsey & Co., Inc,
Ingraham & Ashmore, Inc, Rein
hart & Bennett. G. D. Robbins y
Co.. and Vought g. Co., Inc.
Offered in the form OF bearer
certificates. the trust shares are
priced at the market. The Cen
trail Hanover Bank and Trust
Company, New York. is trustee
and Distributors Guild, Inc, is
depositor of the trust.
The trust terminates Decem-
,ber 81, 1910, and each Trust
Share of Anne erica represents
1-1O00th participating, non-voting
interest in the common stocks OF
19 leading American railroads,
utilities and industrial corpora
tions. The stock deposited and
number of shares of each fol-
lows: Atchison. Topeka and
Santa Fe Railway, 2; New York
Central, 1: Pennsylvania. 8;
American Telephone and Tele-
graph. 4; Consolidated Gas, 4:
Electric Bond and Share, S; North
American Company, 4; United
Gas Improvement, 10; American
Can. 2; Borden, d: z. I. du Pcnt
de Nemours, S; Eastman Kodak.
2; General Electric, 7; Interna-
tional Harvester, 2: National Bis
cult, 5; Standard Oil (N.J0, 9;
Union Carbide and Carbon, S;
United States Steel, 3; and West
inghouse Electric, 2. The de-
posted stocks are gwen q com.
poSite rating of "A" by Moody'S.
The accumulation provision cf
the trust agreement provides for
the retention in the portfolio of
stock Split-ups and stock divi-
dends, to the extent that the
same comprise full shares in re-
Spect of each trust unit. Rights
and any fractional shares re-
ceived are sold and the proceeds
together with cash dividends, dis
tributed semi-annually to trust
share holders. In event that any
deposited stock is reduced to be.
low the initial Moody's rating,
elimination must be made within
80 days. while no substitution
may be made except in case of
mergers. etc.
No reserve fund is provided for,
the entire principal being in
vested, and the investor receives
the benefit of greater distribu.
tion of dividends, rights and split
ups. Certificates representing 100
or more trust shares are register
able at the principal office of the
trustee.
The proportionate amount of
the currently distributable fund
as of May and November S in
each year is payable May Is and
November Is as dividends to hold.
ers of Trush Shares of America.
The Washington times., 1930-08-04
SWANSON RAPS
TARIFF RATES.

Foreign markets in all parts
Of the globe are being closed to
American trade in retaliation
against the high rates of the
moot-Hawley tariff bill, Senator
Swanson Cd, of Virginia. said
yesterday.
The retaliation move m n t
started before the tariff was en-
acted and is growing steadily. he
said, adding:
"AIl this retaIiatOry legisIa-
ton has occurred within this
year and is but a beginning of
greater and more hostile acts
in the future.
'The best interests Of the
United States demand revi-
sion Of this vicious bill, which
is beneficial to q very few spe-
ciaI interests. American agri-
culture will be further depressed
If this tariff continues and the
markets of the world are closed
to the United States"
Numerous instances of tariff in
creaSes in foreign lands were cited
by Swanson as illustrative of the
resentment stirred up abroad by
the existing tariff rates.