davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
Preferred Stocks
BY GEORGE 7. HUGHES.
,OMAEONWEALTH AND SOUTHERN.

(Thts Is the twenty eighth Of Q series
hughes Tor the SenpTs q s'O lis readers ss
He analyzes the technical provisions Of
the stocks discussed and siyes facts
ties The chief purpose is to explain
me aIlaiysieSei process certain seHurties
The preferred stock Of the Common.
wealth and Southern Corporation as an
investment ranks high among senior
shares OF holding companies 1t must
be remembered that not only interest
on bonds OF the parent company comes
ahead Of dividends on the preferred
stock but also the dividends on the
preferred stocks OF subsidiaries have to
be met before there Is any income for
the holding company. 1t is on this ac-
count that as O. class preferred stocks
Of holding companies sell on a higher
yield basis than those Of operating COM
panies.
In this ease, however, the capital
structure is 50. sound and the oper-
ating constituents are so well managed
and profitable that Commonwealth and
southern preferred presents unusual at
fractions. The company controls .
large group Of utilities. well diversified
as 70 territory and including among
Others Consumers Power Co., Alabama
4GAAAA~L1G0
Co, Georgia Power and Illinois Power
Co. There are 1,354,031 shares of IS
preferred outstanding Of no par value.
The stock cumulative, redeemable at
$il0 Q share and has voting power.
It Is listed on the New York stock Ex-
change and sells around 800 to give
return Of per cent. Up to this wear
earnings Of the constituent companies
have shown steady gain, q trend sub
1ect to interruption IN times of indus
trial depression as at present but stfn
manifesting great stability.
In the IL months ending May 81
last, income available for preferred
dividends was $3.50 a share against
the So requirement. Fixed charges were
earned 1888 times, a satisfactory margin
IN both cases. It Is true that the com
mon stock which Is also Of no par value
Is outstanding to the large amount 81
S4,0lO, 902 shares and is highly specu-
iative. That, however, need not dis
turb the preferred stakeholder whose
position seems assured regardless Of
temporary fluctuations in net income.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17

basket, l2a2o; oranges, box, 2.T5a4So;
pears, bushel 1.0Oa2.5O.
Dairy Market.
Poultry, alive-Turkeys. pound. 10:
old hens and toms, 15aIs; chickens,
Springers, 20a22: Leghorns, i5ai7:
barebacks, i2al4; old hens, 16a22; Leg
horns, 12a14; ROSTERS, l2al5: ducks,
l3a20; geese. 14a20; guinea fowls. each,
3Oa6o; pigeons, pair, 20a2S.
Eggs--Receipts, LIS cases; nearby
firsts, 4Oa42; hennery white, flrsts, "a;
36a48.
Butter-Good to fancy creamery,
pound. 33a36: ladies'. 26a28; rolls, asa
81; process, SlaGa; store packed, 10.
Live Steck Market.
500; medium 70 good, S.26a5.6O; fair
70 medium. 4.TSaS.2B; plain 10 fair.
l.2ta4.76; common to plain, s.7sa4.2S:
cows. choice to prime, none; good to
choice, S.OOaS.So; medium to good, ASA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
GRAIN MARKET

CHICAGO. November II Especially -
Inc wheat market was firm TO-DAY On
short covering because of the Govern
ment announcement that it would sun
port the market, Foreign markets were
weak, but were ignored. December. Old
and new, opened at 73; March, old.
Is TO 72%; new, 72h to 72M: Nav
OLD, Ah TO 76; new, 75M to 74iz. After
the nrst half hour, December, old, 73k:
new, 7SH; March, old and new. 72% !:
May, old. 75M; new rs.
Corn was affected by the action of
wheat ana prices showed little change.
december, old, opened 80 to 69h; new.
699s; March, old and new, ~; NAV
OLD, "A to 74K; new, 74% to rs. After
nrSt nail hour. December, old, 69k !;
new, 69%; March, old. ~; new. "a:
May, old. TAI; new, tag.
Oats were quiet and steady. Decem-
Der, old, opened 311s to 3l3h; March.
old, 32S to 3215; May, old. $685. to
341s; new, "a. After FIRST half hour.
December, old, Sl2s; March, old, 32N:
May, old and new, 81.
Provisions were firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
TRADERS ARE HOPEFUL
OF HIGHER PRICES FOR WHEAT

Corn prices stan based on normal
American yield"
The chief fy In the ointment seems
TO be that while European min grind
ings OF foreign wheat are increasing.
the demand is insufficient TO absorb tia
continued liberal offerings from the
principal exporting countries.
Stocks Of wheat In European ports
are accommodating and the Canadian
crop now Is estimated at 5000. 900
bushels, which. together with the carry
over Of old wheat, gives q total supply
Of SOC, 900 900 bushels, or 104. 00O. 900
bushels more than IN 1929.
The Southern Hemisphere outlook ID
favorable and the Australian crop now
IL placed ct $4,000, 900 bushels, or
so, 000, 900 bushels more than last sea-
son. Cooler weather has minimtxed
some Of the talk Of rust damage In the
Argentine.
Russia continues to surprise the world
markets with wheat and the quality Of
1t Is said to be improving. However,
NAVIGATION will close in the Black Sea
in about q month and there viii be Q
sharp decrease In Russian grain.
Foreign interest Small.
Further narrowing the American out
let abroad, Holland has proposed a
compulsory mixture OF naive WneAt
and -four with all imported grades and
C1echoslovakia has made compulsory
the milling of rs per cent Of native
wheat in milling mixtures.
In Buenos Aires SPECTATORS are re-
ported to be without money or conf
dence."
Although q moderate interest in near
by Manitobas Is reported, foreign In
terest in North American wheat is gen.
orally reported to be disappointingly
small.
At Chicago, commission houses have
been on both sides Of the fence, but
selling has been larger than the buy
ing. There has been heavy buying Of
December wheat against sales Of May
wheat by shorts, The grain stabilixa-
ton Corporation has been acting in
December wheat, In serving notice on
the trade that 1t would take delivery on
its contracts for that month. The re-
suit has been much covering, with the
attending psychological effect working
to bolster December prices. 1t held
December wheat at Chicago about 9
cents above the Liverpool price, al-
though almost no effect was felt ut out
side points. Forthwith the corporation
has gone into the market, hoping TO
hold prices against declines.
In the principal producing countries
there is an estimate Of Is per cent
increase In wheat over 1929 and q 40
per cent decrease In corn.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
Baltimore Markets

6recial Dispatch 10 The star.
BALTIMORE, Nd, November IT,
Potatoes, white. 100 pounds, l.25a1 IS;
barrel, 2.00a3.o0: sweet potatoes. barrel,
I.2Sa2.00; yams. barrel. 2.25a2.75: beans,
bushel. l.25a2.25; beets, 100, 300a4.0o;
broccoli, bushel. 60a70; cabbage, ton,
i2.00a1S.O0; carrots. 100, 200a4.00;
caulifiower. crate, 2.OOa225; celery.
crate, i-25a2.0O; eggplants. crate. 1.50a
ESQ; lettuce, crate, S0al 90; kale.
bushel, 60a75; onions, per 100 pounds,
Local 10; peppers, hamper. 25aeo;
bushel, 6Oal 90: tomatoes, crate, 2.O0a
3.25; turnips, bushei, e0ao0; apples,
bushel. e0a1.75 cranberries, box, Elsa
5.25; grapefruit, box, 2.5Oa3.Sp; grapes,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
Brokers' Comment

NEW YORK, November 17.-En-
couraged by the stock markets action
last week, brokerage -house opinion to-
day, as reflected in letters to clients,
held that the rally might easily carry
into this week, although profit taking
was probable. Comments follow:
Smith, Graham & Rockwell: Pros
poets favor q good market for some
time and 1t should be possible to make
profitS by buying on reactions"
Peter p. McDermott 81 Co.: "The
strength in stock prices Is accounted for
by the condition Of the market itself.
Many believe stocks at prevailing prices
are definitely attractive for investment
and as a consequence, large quantities
against the heavy liquidation of brokers'
accounts and short selling"
Babcock, Rushton q Co.: THE chief
difficulty from now on will be the un-
wise attempt to jump to premature de-
cision that all stocks have hit bottom
and on the strength Of such assumption
assume speculative risks that cannot
be protected. We believe that during
the next few weeks investment accumu-
lation Of stocks will be in order"
Shields & Co.: at appears advisable
to let the market test itself and prove
the strength Of buying. A further sharp
rise means another bad setback, but
II the list can hold part of its gains
and f1atten out for while there would
be some reason for hope that better
days are ahead"
J. r. Timmons & Co.; I'm view of
the attitude in high quarters there is
now every reason to believe that the
market will receive ample support dur
ing periods of reaction, and that while
individual issues will undoubtedly enter
new low ground, the danger Of further
serious decline has been virtually
eliminated"
Tobey 81 Kirk: THE conviction that
the corner has been turned both in
general business and stocks Is becoming
widespread and many purchases OF
stocks which have been deferred are
now being made. Consequently, we are
inclined to expect further advances
although proflt-taking viii probably
cause Irregularities"
jackson Bros, Boeeel a. Co.: Com
petitive public buying was released In
large quantities by the Thomas w. La
mont speech and the action of the
market on Saturday warrants expecta-
ton that the rally viii be carried for
ward into the new week"
Redmond g. Co.: "The rapidity Of
the recent advance suggests the pos
sibility Of at least q temporary set
back early this week and we would be
inclined to await such development
before making fresh commitments on
the long side"
Otis q Co.: THE rallies toward the
close on Friday and Saturday bore signs
of q constructive movement designed to
influence bear psychology"
Hornblower & Weeks: ION the next
reaction we feel the leading stocks can
be bought for trading purposes with
considerably more assurance than has
been the case at any time since early IN
July"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
EARNINGS REPORTED.

NEW YORK. November II (P.-Na-
tional Public Service Corporation today
reported for the three months ended
September 80 net income available for
retirement and dividends on stocks OF
the company amounted to $l,2e4,55
compared with 4l,330,269 In the like
period last year.
Butte 81 Superior Mining Co. re-
ported September quarter net loss of
1879, before depreciation and deple-
ton, against net profit Of $12,s55 In the
third quarter last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17

shows little change In price. The bulk
Of carlot shipments are from New York
and Pacific Coast sections. There u
also . liberal trucking movement from
market garden district near the large
cities.
Eastern cranherries packed in quarter
barrel boxes were selling in wholesale
lots during early November at $3.50
$780, which Is about the usual range
OF prices at this time Of the year. The
production shows 3 so per cent increase
In New Jersey, but slight decrease IN
Massachusetts and light production In
the Pacific Northwest. Most Of the re-
cent market receipts are Of the small
a little ioweE than the larger kind.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
NEW YORK COTTON

NEW YORK, November IL (spe-
ciall First cotton prices today were
market was fairly active. with mod
erately large offerings Of Contracts
from Southern houses and the local
speculative element. Trade buyers held
Opening prices were: December old.
1892, on 4; December new, 1892. OF
3; January old, Ills, OF 5: January
new, 1l.0e, on 4; March. 11.4O, OF 3;
May. u:ee, unchanged; July, 11S4, OF
2, and October, 1908, on 5.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
ORDERS INCREASE.

NEW YORK, November II OWL
liam Cooper Proctor, chairman of the
Proctor q Gamble Co., said that orders
thus far in the company's fiscal year,
which began July /. have shown an in
crease over the corresponding period Of
1929 and that all indications point to
sales equaling output for the six months
period ended December 81 last. He
added that the worldwide business de-
preston is working itself out along nor
NAL lines and gradual increase Of
business beginning the Spring reason
ably may be looked for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
STEEL PIPE DEMAND.

CLEVELAND, November II R). De-
velopments of electrically welded pipe
gasoline has increased the demand for
steel pipe to such an extent that POI
tential requirements for the next three
to five years is from 15,O00,000 to 20.-
100000 tons, the Arthur c. Mckee Co.,
Cleveland engineers, estimates.
The growth of probable demand 70
such proportions is ascribed TO the
greater distances to which pipe lines
may now. be stretched by use Of cleo
new tube Of pipe has largely replaced
screwed lapweld pipe, the company OBJ :
serves.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
LEAD STOCKS GAIN.

NEW YORK, November II R.-Do-
mestic stocks Of refined lead Increased
last month to S4,375 tons october 81,
compared with 1860 at the end Of Sep
TENDER and 72,032 at the end Of August,
the American Bureau Of Metal Statistics
reports Production Of refined lead in
the Unitede States totaled $500 short
tons in October, against 53,237 In Sep-
TENDER and 68,036 In August.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17

ATS; fair to medium, 375a4.25; plain
to fair. 2.75a3.26; common to plain,
2.00a250.
Heifers-Choi 10 prime, none; good
TO choice, S.SOae.00; medium to good,
0.OOa0.50; fair to medium, S.50a6y00;
plain to fair, 5.00a5.50; common to
plain, 4.50aS.00.
Fresh cows and Springers, S0.Ooa
5000.
Sheep and lambs Receipts, l,40o
head; moderate supply, market higher.
Sheep, I.OOa350; lambs, 4.50a0.00.
Receipts. 2,7O0 head: fair sup
ply, market steady. Lights, 9.25a9, so;
heavies, e.00ae so: medium, 9.1Sa9.40;
roughs. 7.O0ae.60: light pigs, 9.00a9 so;
pigs, e.26ae.e0.
Calves Receipts, 500 head: light SUP
oily, market steady; calves, 6.O0aI2.00.
Railways OF Britain are buying half.
interests In municipal bus lines
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
$4,000 ORDER PLACED.

NEW YORK, November II R.-
Omitted Gas improvement Co. has
placed orders for $4,000 Of copper
wire, cable, transformers and other
electrical equipment in anticipation of
requirements for the next several
months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17

Unless, like the frightened little boy,
they are whistllng through the woods,
grain traders see IN the market q set Of
circumstances much more encouraging
than their current operations indicate.
Although wheat prices declined sharp
ly last week, with prices Of feed grains
also averaging lower, there Is repeated
inference that strong commission houses
believe It viii require but little buying
power to bring about higher prices for
wheat.
Trade Remarks.
A Chicago firm, persistently bullish
In everything except its accounts. pre-
diets an advance IN both corn and
wheat.
Typical trade remarks run:
Further liquidation Of wheat b In
prospect, since there still IL large open
interest In December futures, but we
favor purchases on fair reactions, be-
lieving that prospects are excellent for
an advancing market later"
Low prices should attract investment
buying Of wheat"
ut seems likely that wheat win meet
better support on the dips from now
on"
I'VE feel that purchases Of wheat
should be made on all easy spots"
with q little improvement In stocks
wheat would be In line for material
improvement"
latter the long decline in prices the
wheat market begins to show consider
able resistance"
"Unless the movement shows q ma
terial increase we feel that better prices
viii be seem"
Comment on Corn.
Although corn closed Ia to 2% cents
lower this week, most trade comment
Is as paradoxical for the feed grain as
for wheat
at Is q question Of country move
ment," one concern says, but we be-
lieve the buying side on fair setbacks
offers excellent opportunity"
Another declares corn is in Sound
position"
Generally, they agree:
Considering the size Of the crop and
ruling prices, corn appears to be on an
extremely reasonable basis;
Corn is worth Q great deal more
money than 1t Is now selling At for
feeding purposes;
I'VE feel that corn prices will work
to higher levels until such time Is there
is more disposition shown by producers
to market their crop;
Indicated cash corn VIII 90 cents
higher;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17
PARIS BOURSE PRICES.

PARIS, November IL R.-Prices
were steady on the Bourse today.
Three per cent rentes, 81 francs as
confines. Five per cent loan, 1O1
francs Is centimes.
Exchange on London, l23 francs
6012 confines. The dollar was quoted
at rs francs 46% centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17

NEW YORK, November 1f&(P1.-
Hudson Motor Oar Co. IS adding an
force. making $500 ' additiots 81 men III
to work n the past three Feelts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17

A railway construction program at
Ottawa, Ontario, involves the expendi-
ture of $40 OOO, 600.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17

Note-An stocks are sold In one hundred-share Icts
excepting those designated BY the letter (S0s) (26O)
which shows those stocks TO be sold in odd lots only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17

Ddsnd rstes In dollars bseC on LAST ouersrS o.
PAYABLE Payable adjustment
dend Plus Plus 81 IN stock Plus Is
Plus ~ 1915 stock. IA Plus -
Plus n stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-17

Railways OF Britain are buying half.
interests in municipal bus lines.
Seward daily gateway. [volume] (Seward, Alaska) 1923-1933, 1930-05-03
At THE HOTELS

VAN GLIDER D. Whittner, j..
Lindley Green, Mrs. M. o. Smith,
Mrs. E. H. Dewitt, Leila McCaIIon,
Mrs. Bessie Rowe L. Decker, w.
Evertone, George Waltz, Mrs. Henry
Feldman, G. Petroff, r. Bob Lee.
SEWARD Mr. and Mrs. n. M.
Kilmurny, Mr. and Mrs. d. b. Plow-
man, John Salt, A. E. Ferrin, ". "A.
Hanson. Miss Agnes Shelly. A. Fas-
iron, r. Russell, Jack Pink, M. Bre-
man, z. Shipper, {. Z. Ely. Luke
Mars, Woodbury. Abbey, n. Maser.
GILLILAND- VIM. Geary. John
Depiunti, r. H. Thompson, b. Abel
son, Gena Vislen, S. Canonise, VIM.
Linstrom.
OVERLAND Jacobsen. Pete
Pappadis, Fred w. Schanpp, John
Winckka, VIM Martin, Victor Han
sla, Oliver Jones, F. Lang, Robert
Evans.
Seward daily gateway. [volume] (Seward, Alaska) 1923-1933, 1930-05-03
LOVE A DISEASE

An Eastern PSYCHOLOGIST tells that love IS nothing
nov, tban j disease sperinduced by the traditions OF
chiyalry acting upon the nervous system as stllualC
Is that so And Just at time when It IS alleged thaV
chivalry did live" as the Romans used to say
This supposed authority on the greatest KICK III
lifo evidently gauges his deductions the moves t IS
An ndispuabe fact that the movies have created some
thine for the Younger generation that VIII nave ~ oe
lived down No wonder the flappers and shleks are WIG
mo p havWle in their first hall dozen ROUNDS IN Ce
matrimonial circle The movies have served to create an
artificality that translates love into anything from
iazzch to MAYHEM and real 100watt super1od1ne re-
ciprocal anpfer ongwave love affair must contain at
leas three murders display Of the bridetobes IN
dies the grooms favore brand of cigarettes and con-
flagraton equal to the Frisco earthquake and IRE!
No wonder the young things show symptoms OF
St. Vitus dance when the love bug begins TO ST down
and bore in.
Time was when the bride was equipped simply with
working knowledge of the culinary art, could toss
wicked needle make up featherbed and keep her lower
neda extrenities supple BY treadlng spinning wheel
not to mention blowing dinner horn and playing Lit
tie Brown Jug with three fingers the spnnette The
groom qualified for the elimination bouts by having
steady job pulling belcord over a mules back or
weighing his fist in the grocery His knowledge
of mechanics setting the handebars OF ms bars SO
as not to superinduce hunchback
But look at EN- today The brideto-be who cannot
run automobile, fly airplane rewnd the amatlre
of motor get the malaria germs out Of carburetter
select the right brand Of hair tonic for the cats whsk
the radio interpret the distinction between static
and stadium explain the Ensein theory Of relatively in
words of three syabes, swing wicked right uppercut
hit her lover between the eyes with sxshooter at 20
PAGES, find solution of the prohibition enforcement
problem and is up most of those $4,000 laws and
court decisions divorce and almony IA Reno is too
od-fashoned for room Wise plebian lapse was the
selection of father who wore red flannels but filled
the old cider barrel with jack.
But somehow there crODS IN here and there a love
sick pair whose only she tcoing is being possessed Of
the primitive mating impulse, thing fixed somewhere
about the time Darwins doodebug began to give prom
lse of emerging into verebrae, and after taking
look into the mirror decided that what the world needed
was politicians to keep the mosquitoes company
The trouble is that the literary love-smiths movie
smiths and bucoc misanthrops have loaded the old
time article Of love with too much frosting and tnsel
Leave nature do it's work unhampered by moronic theo
RES and We'll get back to the old aphrosm Marriage
is knot tied by the tongue that be united by
the fingers"
Seward daily gateway. [volume] (Seward, Alaska) 1923-1933, 1930-05-03
| Chinese BANDITS ARM
WITT MACHINE Guns

HANKOW, May 2. (An Bandits
in Central China have cast aside
their old-iashioned rifles for more
modern weapons, including the ma
chine gun
Two years ago, it was unusual to
be held UP by q Chinese bad man
carrying anything more formidable
than an antiquated revolver or a
single barreled pistol, Today,
Thompson guns are tile Style.
Mounted machine guns ate also
employed by the bandit gangs.
Some have been purchased from
foreign gun-runners, While others
have been contributed to the law
less elements by deserving soldiers.
Seward daily gateway. [volume] (Seward, Alaska) 1923-1933, 1930-05-03
RAILWAY FOR SAKHALIN

PORT ALEXANDROVSK, SAX
halin Island, May 2. (PD-The Sow
let government has decided To be-
gin construction Of a railway on
this island this summer The main
line will run north and south from
this port.
Seward daily gateway. [volume] (Seward, Alaska) 1923-1933, 1930-05-03
NETTED $4,000. 600.

STOCKHOLM, May 2 P)- The
Swedish tobacco monopoly last year
netted the government $56,OOO,00O
which was about S6,0OO,0O0 more
than in the proceeding - months.
Seward daily gateway. [volume] (Seward, Alaska) 1923-1933, 1930-05-03

The S. S Oduna, Of the Alaska
Steamship Company, steamed out
OF the bay yesterday afternoon
bound Westward with cannery
supplies. The Oduna vas il port
for the greater part of three days
discharging cargo.
Seward daily gateway. [volume] (Seward, Alaska) 1923-1933, 1930-05-03

The new Barrett Wiloughby novel "Sitka- Portal to
Romance wildly porrays those stirring events Of ear
ier days. the book will be read with equal interest BY
the Sourdough' and Chechako Each new venture into
the literary field by this able Alaska authoress plants
her more firmly in the foremost ranks of the Nations
writers.
Seward daily gateway. [volume] (Seward, Alaska) 1923-1933, 1930-05-03

EASTMAN KODAK SUPPLIES.
DEVELOPING, PRINTING. EN-
LARGEMENTS, HAND COLORED
ALASKA VIEWS, at SchaIIerer's
Alaska Shop.