davidaulloa/AmericanStories huggingface dataset:
Evening star., 1930-11-30
AUTOMOBILE TRADE
IN HOUSE CLEANING
Reduction of Dealer Outlets and
Smaller Output Aid
Industry.
epecial pispatch to The star.

Special Dispatch to The Star.
DETROIT, November 29.-Final re-
Mobilization of the automobile diStribu-
ton end is now the chief concern OF the
motor magnates.
Part of the houSecleaning process,
which has been progressive since the
first of the year, has been reduction OF
the total of dealer outlets covering the
country, by between 10000 and $4,000.
With the greater number of these, dis
appearance from the field has been
voluntary and in passive recognition of
the fact that the automobile trade dur
ing the imitation period was overmanned
on the retail end.
In what is now considered to be a
cleared or partially cleared field, the
weaker companies with the smaller dis
tribution being the exceptions, the
makers will enter 1881 aiming to re-
build on a less expansive, but hrmer
foundation.
AS expressed by a ranking executive
of one of the large factories few
days ago: Automobile manufacturing
has undergone one of the most critical
periods Of its existence, but the industry
has preserved its essential structure in
spite of mounting difficulties. AS we
see it, there is to be no sudden upturn
for the business as whole until we
come again into good driving condi-
tions, which means, above all things,
warm weather. Production is likely to
continue on the present basis of part
time operation and controlled output
until possibly April.
Then the public will have a real
incentive to invest in new cars above
the level of the lowest priced make
The industry is preparing for that now
by advancing its merchandising pro-
grams"
(Copyright, I930)
Evening star., 1930-11-30
GIRL SCOUTS

Miss Julia Williamson, national field
owl, will give q brownie course at Girl
Scout Headquarters, 1925 M street, De-
cember 2, 3 and 4, at 2:30 pm.
The Brownie Pack OF District 3 has
made wash cloths, which are put in
the package of each outgoing patient
from the Montgomery County Hospital.
The Brownies meet every Saturday
morning with Mrs. James T. Rogers,
brown owl.
Troops 40, 43 and AZ have each made
and contributed at least % articles of
which entities them to directorShipS in
that organization. Troops AZ and Sc
together have dictatorship. The ar
ticleS made were exhibited at the
monthly meeting Of the Chevy Chase
Women's Club.
Troop 28, meeting at the Holton
Arms School, has started its Winter
program. The regular meetings are on
Monday, but many of the girls gather
Thursdays to do handcraft, such as
silver and leather work and book-bind-
ing. Mary Elizabeth Hand led hike
for the younger girls and Mildred V1er-
ling is planning one to be held soon.
The Brownies are meeting Tuesday
afternoons at the Holton Arms School.
Virginia Dyer is the new tawny OWL
Several girls whose names are on the
waiting list will be admitted as tween
les this week. The Brownies are re-
decorating and furnishing O large un-
used doll house which ley discovered
and plan TO give It to group Of small
children . ,-~sssaeAsas
Evening star., 1930-11-30
BOND MARKET FAILS TO GAIN
DESPITE LACK OF NEW ISSUES
snec,al D,snatch TO The Star.

Special Dispatch to The Star.
NEW YORK, November 29.-The in
vestment market during the past week
was again a disappointment to the
Street. The comparatively sizeable Of
ferings of the week before dwindled
down to less than half this week and
the average of prices dropped nearly a
point to the lowest level since Novem-
ber IA, 1929.
This means that the market has
completely erased all the gains of the
first nine months of the year, when its
course was steadily upward. Standard
Statistics index of 80 domestic bonds
ended the week at 97.2, against the
high of the year of 1919. Were re-
liable index of foreign dollar bonds
available, it would undoubtedly show
an even wider decline.
Pubic Sentiment.
To find anything new in the situation
surrounding the market is difficult.
Public sentiment has been affected
rather by the failure of bullish factors
to develop than by the addition of any
new bearish argument. The week was
chiefly notable for weakness in the
rails, this condition being engendered
by liquidation in the common stocks of
the carriers following their pessimistic
announcement Friday regarding their
present position and future prospects.
The fact that the railroads have de-
cided to take definite action aiming to
divorce the oil companies and the pipe
line concerns is not a new bearish
,ooint. Early in the Summer all the
facts now made public were well
known. 1t was pointed out then that
13 railroads serving the Middle West and
Southwest obtained 1880 per cent of
their combined traffic revenues from
oil, gasoline and its by-products. The
rapidly increasing use of natural gas
as factor in the reduction of coal
and coke loadings was also known. In
July pipe line projects aggregating
5000, 1000, 900 had already been initiated
by Gulf Oil Corporation, Phillips Pc
troleum, Bernsdall Corporation, Colum-
bian Carbon, Cities Service and Texas
Corporation.
Nevertheless, the fact that the rail-
roads themselves have now admitted
the menace was sufficient to precipi-
tate renewed liquidation of railroad
securities.
Market Thin.
The worst of the situation was that
this selling, which spread through the
rest of the list, came in q notably thin
market. Offerings themselves were
scarce, yet greatly outnumbered bids
of any kind. An example Of this was
an industrial bond, which advanced 2
poinUs on the purchase of $4,000 and
dropped 10 points on the sale of $4,000.
During this week there was only
SAG. .874, 900 of new bond offerings, COM
pared with $98,977,000 last week and
SIS, ,7O6 900 in the corresponding week
of 1929. The latter is a poor COM
parison because it came under the
shadow of the big bear market OF a
fortnight previous.
Industrial earnings have shown no
upturn and as a result industrial bonds
have dropped to a new low. The aver
Evening star., 1930-11-30

age finished the week at 89.2, more
than a point below the 1929 minimum
and lower than this group has been
since 1925. This is. not to be wondered
at when q bond that enjoyed invest
ment favor like Postal Telegraph &,
Gable collateral trust per cent says
over 80 points below the level at which
1t stood early in the year. Earnings
for the first half of the year of this
company showed that bond interest was
covered 1.25 times, compared with 1893
times in the first half of 1929. It is
conceded that earnings for the last
half of the year will show a further
drop, but the tie-up between Postal
Telegraph and International Telephone
& Telegraph. combined with Postal's
cash reserve, is expected to void any
likelihood that the bond interest or the
dividend on the preferred stock will
not be met.
Foreign Group.
Foreign bonds did not distinguish
themselves either by weakness or
strength. There continued to be soft
spots in the South American and
Central European groups, but when any
individual case was tracked down the
declines proved invariably to be due
to the technical position of the market.
An interesting item of news during
the week was that the Interstate Com
merce Commission ordered a $1,000,0 900
issue of Az per cent bonds of the
Indianapolis Union Railway Co. to be
opened for competitive bidding. The
order, If carried out, will be the first
of its kind on record. A similar order
was made by the commission in 1924,
but was rescinded. 1t will be recalled
that some years ago large bond house
bid 2 or points below the tender of
the bankers of large railroad and
secured the offering. While the inner
workings of the operation remained a
secret to the man on the street, never
theleSS the issue was driven down to
a 6-point discount shortly after being
admitted to trading. The same thing
happened in another case a few months
later and virtually ended the bidding
for railroad issues by other than the
banking houses of the roads concerned
Meanwhile Short-term high-grade Sc
curities continue in unquestioned favor.
Municipals and rail equipments share
this esteem. New York City borrowed
$6O,00O,O00 on three and six months
paper at ga per cent during the week.
Inquiry for Equipment.
There has been new volume Of
inquiries by railroads for equipment
issues, following brisk bidding for these
bonds. There is annually an increase
in rail equipment financing at the turn
of the year, but it is out of the ordi-
nary for it to come at this time. This
development may be attributed also to
the reluctance of investors, whether in
dividual or institutional, to purchase
ANYTHING on which interest in the sink
ing fund payments may come into
question now or in the future.
Money rates remained at their low
levels, with ample supplies at the mar
ket's disposal. New issues in prospect
continue to be set back as the market
retains its heavy tone.
(Copyright, 1930)
Evening star., 1930-11-30
American Gold Star
Mothers

A committee, under the direction of
Mrs. G. w. Hibbs, met recently and
with the assistance of 80 Boy Scouts
placed $40 flags at the memorial trees
on Sixteenth street. Maj. Demonet
commanded and Capt. King directed
the work of the Scouts. In the evening
number of the mothers were guests
of the World Alliance for International
Friendship at the Willard Hotel.
The mothers met Armistice day at
the Hamilton Hotel and later went to
Arlington Cemetery, escorted by a guard
of honor of the 10th Brigade, and paid
tribute to the grave of the Unknown
Soldier. Col. j. Miller Kenyon, past
department commander of the Amer
ican Legion, made an address. Mrs.
George Gordon Seibold, the president,
placed wreath on the tomb. The
mothers and SO soldiers from Walter
Reed Hospital were guests that night
of Government Printing Office Unit of
the United American War Veterans at
an entertainment in Harding Hall, Gov
ernment Printing Office. Jack Murcell
welcomed the guests. Judge Robert
Mattingly delivered the principal ad-
dress. George H. Carter, public printer,
also spoke. Ernest Wickstrand was in
charge of the entertainment.
The members are planning gifts for
those at Walter Reed, Naval and Mount
Alto Hospitals.
A ball is being arranged for January
5. Mrs. r. E. Jacobs, Mr.. and Mrs.
Oswald c. Barber, Mrs. Esther l..
Thomas, Mrs. Mabel Welch, Mrs.
James p. O'Neill, Everett A. r. Searl,
Miss Elizabeth L. Thomas and Miss
Caroline Barrack are on the commit
tee of arrangements.
Mrs. Nellie M. Glenn of Stockbridge,
! Mich, mother of Jay Taylor Glenn,
Company F, 126th Infantry, 32d Di-
vision, killed in action August 3, 1918,
and Mrs. Nellie A. Kingston of Kala-
mazoo, Mich, mother of Frank A.
Kingston, an aerial photographer, who
died in service following an operation
August 16, 1928, were admitted to
membership.
The next meeting will be December
% at the Hamilton Hotel.
Evening star., 1930-11-30
MIDWEST IS FACING
MONEY TEST OF YEAR
Situation Somewhat Improved by
Better Grain Prices-Rural
Banks Hard Hit.
Special Dispatch to The Star.

KANSAS CITY, Mo-, November 90
AS the interior enters Winter its f1nan-
cial situation faces the real test of the
year. With depleted income from the
producers and q continuation thus far
of the policy of going without COM
modities except for essentials, the trend
of the next few weeks is uncertain.
Some cheer has been put into the
wheat belt by the strengthening of the
market the past fortnight, but primary
markets are below the 60-day level.
Money rates are unchanged and banks
when they make loans are giving rate
as low as year ago-but they are
chary of accommodations, and demand
reason for every note.
An interesting feature of the banking
situation is the shifting of customers
and of banking connections taking place
throughout the rural sections. Fifteen
banks have been closed in this area in
the past two weeks. Not all are to
entail loss; some are mergers; some
will pay out in full-provided condi-
tions improve. The rural bank is in
village stores are quitting, because OF
the changing population movement and
the building of hard-surfaced roads.
Along with this has been the past six
months lowered price level for products
and the unwillingness of producers to
cash in on their seasons output. Inc
small bank saw its deposit account
dwindle; it could not collect on its
notes; finally came time when every
days business was a loss-and the in
stitution was closed. Boards of directors
have generally taken the initiative and
ended the struggle, as would have been
done had it been a mercantile estab-
liShment.
Naturally the many bank closings
have had a fearsome effect on deposit
tors of other banks, and this has added
to the withdrawal of deposits. Taking
the interior generally there is practically
the same volume of deposits as last
June, when normally the period should
show a considerable increase. What
this will mean by next Spring, unless
there is recuperation of funds during
the Winter and early Spring months,
is being seriously considered by the
financial authorities.
Copyright. 1930.)
Evening star., 1930-11-30
CIRCULARS PROHIBITED.

In order to protect its adver-
tisers from receiving circular
matter, it is expressly under
stood and agreed that all such
matter will be withheld as far
as possible by The Star. Only
bona fide answers to advertise
ments addressed to box numbers
in care of The Star will be de-
livered to advertisers on pres
entation of the box number
ticket.
Evening star., 1930-11-30
SEA HAS CLOUDS

Plant and Animal Masses Shut Out
Light in Lower Strata.
LA JOLLA, Calf, (P.-The waters
OF oceans have clouds as real as those
OF the air, although their substance is
different.
1T is well known" says Prof. w. z.
Allen OF the ScrtppS Institution Of
Oceanography, that clouds of plants or
animals in surface layers of water OBJ
struct and absorb radiant energy Of the
sun just as clouds do in the air, so that
deeper layers fail to get much of the
light and heat they might have had in
clear water.
ut is only recently that living ma
terial in the sea has come to receive
recognition as an actual component Of
the sea-"
Evening star., 1930-11-30
BANK CLEARINGS.

NEW YORK, November 20 (SpeciaD
New York bank clearingS, today,
81, 100000; year ago, SLOTS, ,00o.-
600.
New York bank balances, today,
$137, 100000; year ago, $157 100000.
ances, today, $124 1000 900; year ago,
$106, 100000.
Evening star., 1930-11-30
RAW SILK FUTURES.

NEW YORK, November 20 Especially
Raw silk futures had an easy trend
today. Lower cables from Japan and
end-of-the-month dullness appeared to
influence trade-dealer interests. There
was an evident desire on the part Of
the trade to await the issuance of the
monthly figures, and with Yokohama
closed for settlements @ little eddttt0naa
NnM nokN6
Evening star., 1930-11-30
sHoRT-TERM SECURITIES.



Ailis- Chalmers Co. SIS 1887 -. l0034 l0ls
American Tel. g. Tel. 512s 1943. 1924 l00A
American Thread 51zs 1885,. 100 l02
Baltimore & Ohio 4L2s 1888. l00Ts &Ql
Batavian Pet. Corp 4lss 1912. 94s4 95N
Bell Tel Of Canada IS 1857. -. 104lz 105
California Pet Corp. 5Ias 1898. 100ss 10lh
Canadian Nor. Rwy. AIS 1885,. l00A 102H
Chi, Northwestern r. r. IS 1888 102aA l04
Chicago Rock Island IS 1884,. g. 99h
Cudahy Packing co: 5lss 1881 81 ,sS5n
Gen. Mot. Accep Corp. es 1897 1o2Hs 1929
General Pet. Corp. 6s 1940: lO2h 104
General Theaterg Equip. IS 1910 I3 13h
Goodyear T. e. r. IS 1957..... 80 89l2
Grand Trunk Of Canada IS 1895 106N 1855
Cult Oil of Pa. IS 1897. l02 l02l2
Humble OIL 5ns 1882. ........ 1921 10234
Internal Match. Corp. IS l94T 97!z 80
MarIand Oil SIS 1892 ....... l00ss lol
New York Chi. g. St. L IS 1882 l00ss l0l
Phillips Pet. Co 5h4s 1889. Sl3s S2
Pure Oil Corp. 5lss 1887 80. 95!s 951s
Shell Union Oil Co. 5s l9}7 34!2 80
Sinclair Crude Oil Co. 512s 1898 l0iss lQl34
Standard Oil N. Jersey 5s 1896. 1O4 l04H
Standard Oil N. York 4las 1881 e9M S9S4
ST. L., Ir. Mt. & 30. Ry. IS 1881 l00s4 1001s
st. l., Southwestern Ry. IS 1889 100 lg0ts
Union oil Co. Of Calf, IS 1885. 10l 1919
United Drug Co. IS lo53....... 81 91%
Y %.ssels hniSss slss.se 4 iess 81 iii ,Ss%
Xheeltng steel Corp. 5ias 19Ssx l02 4
Iheolins Steel Corp. 41ss 1853 80 oo&
Evening star., 1930-11-30
POTATO MARKET.

CHICAGO, November 30 LH0 United
States Department of Agriculture -
Potatoes-Receipts, SO cars; on track,
800; total United States shipments, 442; ;
about steady; trading very light; sacked,
per 100 pounds, Wisconsin, round
whites, 1.40al. so; fancy shade higher;
Colorado, McClures, 1.75a1.85.
Evening star., 1930-11-30
A SALARY lob


Is a fine thing II you can find one. There
are thousands, of men looking fEr ,ov woTe DIX
willing to work for almost anything and
Wiling Wiling to % do most anything If they can get
enough TO eat on. A man out OF work or
impossible to sell something and make
money. He can't realize that there are mil
that they are buying things Just like they
always did. Our company is worth more @
than q hundred million dollars, and II mas
is only natural and reasonable to believe
that for the company to make this money
their statesmen have had to make money,
too; and they are making money, more than
they have ever made in the history OF LINE 6ae
on the work they do, and If they are willing
to work they win make money and have a
permanent position as long as they nve:
we teach you the business free. You pay
for nothing The least that you can pos
sihly do is come here and make an inyestiga- ga =
n w Monday between 8:45 and IL.
Evening star., 1930-11-30

INsTRUCTIoN COURSES.
HAVE YOU EVER WISHED YOU. WE'RE A
telephone operator? We can teach you;
easy to learn. Oxford Bldg, 14th at y. Y. ave.
PREPARE NOW FOR FUTURE CIVIL
cost. free information. BOX lad, Star
once or phone 6hep. 2899 after $50 p.M. .
NsTRuCTION from And 90 7th grade. tpss
~ Phone TiTSco16 IN
Evening star., 1930-11-30
statesmen.

S1AAINONA
A new Washington enterprise
with a very interesting and at
tractive program has an oppor-
tunity for statesmen of good
character and ability. To men
who can qualify, this connec-
ton will be a very valuable one,
offering large financial posi-
bilities. Evening meetings for
statesmen Tuesday and fridays
at 8 pm.
(Motion PicturesC.
Apply
SUITE o21-o27,
TOWER BUILDING,
18th & K Sts.- NV.
10 Am. and 2 PM.
Evening star., 1930-11-30

statesmen

A national organization opening new Of
hceS-becauSe OF promotion and expanding
OF its present personnel-requires the serv-
ices of 8 real statesmen, with cars. This
position pays from SIS to $200 weekly and
provides the applicant an opportunity along
executive lines in q short time. Ample leads
and complete cooperation. Expenses paid.
See Mr. Fox l4i6 Eve St NV.
Evening star., 1930-11-30
SALESMEN,

II you are a salesman. this proposition
will appeal to you. Drawing account seek
ers need not apply. Minimum sales re-
sistsnce, strong board of directors, estab-
a few Of the strong points and it viii pay
you real commission. Workers can be
producers, even under existing conditions.
measuring up to our specifications. This
does not pertain to real estate. Apply 1707
Eye st. NV, Room No. /, 1 to pm
Evening star., 1930-11-30

LADIES-Increase of business Of large
local firm leaves openings for four ladies:
those that qualify. Call at 1416 Eye st. NV.
Ask for Mrs. Fred.
Evening star., 1930-11-30

LADY, settled, unincumbered, to operate
coffee Shoppe and cafeteria south of WASH
ington. Address Box l56-D. Star ONCE.
Evening star., 1930-11-30
SUCCESSFUL SECURITY
OR BOND statesmen.

We have an opening for a few men in
our sales organization who wish to aug
ment their regular incomes by selling radio.
weekly. Come in and let us explain how
See Mr.. Pelta, Monarch Radio Shop, 18th
and Col, rd NV
Evening star., 1930-11-30

Old. established million-dollar concern,
manufacturing nationally known advertising
material and specialized service for every
representative line of business. has open
ings for several aggressive salesmen; liberal
commission with weekly remittanceS; full
time employment. Closing contracts now
for new selling season commencing Decem-
ber 20. Look UP our AAA-1 rating and
write us, stating your age, experience and
references. American Art Works, Inc, CO.
ahO
Evening star., 1930-11-30
HELP-MEN AND WONEN.

MEN AND WOMEN-Sen electric clocks, one
Of the best propositions in the city. eos
10th st. NV.
Evening star., 1930-11-30

GIRLS-2, neat, intelligent, to learn beauty
culture; small salary. Also 2 young men.
Apply suite 225, National Press Building.
Evening star., 1930-11-30
WANTED-AGENTS.

MUSICIANS, play for pleasure, practice,
etc., in the best church orchestra In the
city; use of cello free. Address Box SID,
star once.
Evening star., 1930-11-30
HELP-WOMEN.

CONTEMPORARIES for elderly lady; must
be strong, white, Protestant, with nursing
experiences; stay nights; SIS wk., board
laundry. Address Box 26-D, Star once.
DEMONSTRATORS, s, at once. Cali SUM
dQv. Ga0rgia
Evening star., 1930-11-30

NATIONAL PERSONNEL BUREAU, 1T10 K
st. NV. Competent help furnished daily;
pos:tions open daily. District 6S21.
OOA = AOANO Stenographers, typists,
bookkeepers, clerks, salesmen, etc. Free reg
istration. Boyd's. 1888 NV. Natl 1888
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-09

Independence and framing of the gen.
eral Government. They follow in full:
In the year of our Lord-1776-the
people declared the eternal right to
seek happiness-self government and
the divine duty to defend that right at
any sacrifice.
In 1887, assembled in convention.
they made charter of perpetual Union
OF three people of sovereign States es-
tabliShing Government of limited pow
erS under an independent President
Congress and court charged to provide
security for all citizens in their enjoy
ment of liberty, equality and Justice"
Mr.. Coolidge. while spending the
Summer in the Black Hills three years
ago, participated in ceremonies marking
the starting of the memorial. and at
that time agreed to write the 500-word
inscription to be cut into the mountain
side, dealing with the history of this
country.
With the completion now of the first
tANo takes of the inscription, Mr.. Cool
idge is to complete five more. the next
Continued on Page 2. Column 2.)