davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
CURB ISSUES GAIN
l IN BRISK DEMAND
Utilities Lead in Upturn.
Diamond Match
Feature.
BY JOHN A. CRoNE.

Special Dispatch to The Star.
So NEW YORK, September s.-Opening
strong as result of the ability of lead
ing shares to push through their highs
OF July in Saturdays session, the Curb
Exchange today steadily advanced.
Trading was more active than it has
been at any time since July is last.
81 Public utilities gave the shorts some
uncomfortable moments as they led the
upswing. Electric Bond g. Share rose
more than point, and was followed by
q wide list of power and light issues,
including Consolidated Gas of Baltimore
which rushed to new peak for the
year. Cities Service was firm, while the
motor shares turned active.
The new Diamond Match issues,
which resulted from disqualification
plans providing for a 9-for-1 split-up
Of outstanding common shares, proved
the individual feature of forenoon trad
ing. Each present common share re-
ceives four new no par common and five
shares of per cent cumulative particle
pating preferred Of SIS par. The new
common opened at 271s and the pref
erred at 2412.
Other new issues admitted to curb
trading today included American Pro-
ducts Co. and Illinois Oil Co.
Ford Motor of Canada "a" in point
Of appreciation, and Ford Motors Ltd,
in point of volume, led the motor list.
The latters English plants arc being
equipped to turn out more motors than
the entire present output Of that coun-
$ try, so q price war there seems in
,evitable Earnings of Ford, Ltd, justify
! q higher dividend rate, some traders
feel
= The betterment in demand for the
Ford shares attracted attention to the
motor list and benefited Cord, Isotta
Fraschini and Durant. American Austin
for q time met liquidation of the same
7 character that caused its decline
Saturday.
Natural Gas shares became promi-'
nent early on reports of new wells or
expansions. Duquesne Gas, for in
stance, brought in major new well,
( bringing its total to 1853. Memphis
Natural Gas added extensions to some
Of its compressor stations and similar
developments were announced by sew
eral other concerns.
Mead johnson responded to its extra
dividend declaration of so cents, which
compares with an extra of Is cents
three months ago. Novadel-Agene like
wise responded to an increase in the
dividend rate from 50 to So year and
the declaration of an extra of IS cents.
Prudential Investors common respond
ed to an exchange offer whereby four
and one-half common shares may be
exchanged for one share of preferred,
the holders thereby receiving $l.33h
for each common share so exchanged
Three of the higher-priced indus
trials stood out strong and active. Great
Atlantic 81 Pacific Tea was whirled on
reports that it plans taking over the
freezing food process of General Foods
Corporation. A. O. Smith Corporation
rose about 5 points and Deere g.. Co.
was up more than half that amount as
shorts tried to cover.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
CHEMICALS ARE USED
TO PRESERVE LUMBER
BY the Associated Press.

By the Associated Press.
Elimination of approximately one
half of the annual loss of millions Of
dollars caused by insects and decay OF
wood used in home building and other
types Of construction is believed pos
sible by the Commerce Department
through the use of chemically preserved
lumber.
Insect attack and decay are held by
the Commerce Department to be the
two main causes of wood waste that is
preventable by preservative treatment
OF, lumber
4Ehis information was announced by
the National Committee on Wood Utili-
cation of the Commerce Department,
which at present is cooperating with
the Ohio Retail Lumber Dealers Asso-
citation and other lumber interests IN
acquainting the public with the advan-
tages of chemically treated lumber.
Studies of losses due to insects and
decay show conclusively, the department.
said, that 1t Is economically possible to
avoid about so per cent of the annual
loss. While preservative treatment Of
wood cannot be recommended for all
purposes, it was added, it is desirable
for many and will prevent to great
extent the losses due to these insects
and decay
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
NEW SECURITIES

NEW YORK, September 8 (A9.-New
securities offered today include:
City OF Chicago, s2s, 735 900 tax war
rants priced to yield per cent, by
syndicate headed by Halsey, Stuart &
Co.
State of Missouri, 100000 s per
cent bond priced at 1914 and interest,
by syndicate headed by National City
Co.
City of Buffalo, N. Y, $3,765, 900 4
per cent bonds priced to yield 2.34 TO
3.65 per cent, by George B. Gibbons &
Co, Roosevelt g. Son and Stone g. Web
ster g. Blodget.
Erie County, N. Y, 1851 900 4 per
cent bonds priced to yield 3.85 per cent,
by syndicate headed by Bankers Co. of
New York.
West Chicago Park District, $4,000, 900
~. per cent bonds priced to yield $50
to 4.0b per cent, by syndicate headed by
Continental Illinois Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
Washington Produce
Ru.ter-one-pound prints, 44a

Butter-one-pound prints. 44a45;
tub, 421aa43Ns.
Poultry, alive Spring chickens, large,
2Sa30; medium, 24a25; small, 25a26;
Leghorns. 2sa24; fowls, large. 2sa24:
small and medium, 17a18; Leghorn
fowls, 14a15; ROSTERS, 13a14; ducks, Is.
Home dressed-Spring chickens, large,
32a35; medium, 30a31; small, 28a30;
fowls. large, 26a28; small and medium,
24a25: Leghorn fowls, 18a20; BOOSTERS,
1920: ducks, 20a22; turkeys, 33a35.
Meats. fresh killed-Beef, 19a20; veal,
18a22; lamb, 23a25; pork loins, "a;
fresh hams, IS: fresh shoulders, %;
smoked hams. %; smoked shoulders,
20; bacon. %; lard, in bulk, Is; one
pound packages. is.
Live stock--Calves, 6a10: lambs. 8.
Fruits Watermelons, 40a75; canta-
loupes, Rocky Fords, fats LOCAL rs;
Hurlocks, Eastern Shore of Maryland,
1.50a2. so: honeydews, 1.25a2.00; honey
balls, 3.00a4.00: oranges, 6.00a8 so:
lemons, 600a6.50; lines, per 100, $50;
apples, nearby, 75a1 SO: box stock, 2.75a
800; peaches. Elbertas, 1.50a30O; Hales,
350a4.50; pluns, 1.50a2.50: damsons.
pony baskets, 1.25; grapes, Ribiers, 800;
Tokays, 2.50a2.75; Thompson, seedless,
LBS: figs, 4.50a5.00; grapefruit, 6.50a
7.50; pears, 1.25a2.50.
Vegetables Potatoes, $50: sweet po-
tatoes, 500; tomatoes, two-peck baskets,
GOAL so; peas, 4O0a6.o0: string beans,
2.00a2.75: lima beans, New Jersey. 500;
Eastern Shore of Maryland, 3.00a3.50;
carrots, per 100 punches, 400; cut of.
per bushel basket, 1.25; corn, per dozen,
30a4o; eggplant, 75a1.o0; turnips, 1.50a
200; beets, per 100 punches, 400;
cucumbers, 1.50a2 90; caulifiower, 2,50a
800; squash, two-peck baskets, 75a1 90;
kale, $50: spinach, 1.75a2.25.
Eggs-Current receipts, 29a30; hen
merry, 32a33.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
NEW YORK COTTON
NEW YORK, sspteniber 8 (speci

NEW YORK, September Especially.
Cotton prices declined about half a
cent today as result of an extremely
small change in the Government Sep.
TENDER crop estimate when a substantial
reduction was generally expected.
Weight of contracts carried December
to 1890, or within point OF previous
low levels of the season, while July
made new low record of 11.51 before
scale buying orders for the trade de-
veloped resistance. A recovery of 10
points toward the close left the list
about So a bale lower than Saturday.
Spots were reduced 40 points to Ills.
Cotton range:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
Union Pacific.

Sometimes known as railway sin
vestment trust because of its large hold
ingS in the stock of other carriers,
Union Pacific commands an investment
rating for all of its securities, bonds,
preferred stock and common stock. Ac-
cording to the balance sheet as of De-
cember 81 last security holdings hadNa
book value of over 5000. 00o, 900, or over
$50 O share, on Union Pacific common
The road owns approximately one
third of the capital stock of Illinois
Central, almost $25, 000.0 900 capital stock
of New York Central, over 100000 In
Baltimore &c Ohio common and over
81 800 900 in Baltimore & Ohio prefer
red, over $4,000, 600 in Chicago g.
Northwestern common and 81 ,845, 900 OF
st. Paul preferred. besides large block
of st. Paul adjustment per cent bonds
and of the st. Paul mortgage 5s.
It has often been rumored in the
market that the Union Pacific would
distribute to its share holders these
holdings in stocks of other railroads,
but there has never been any official
countenance given to this idea, nor is
there any, good reason to believe such
q plan has ever been seriously con-
sidered by the directors. The income
from these investments Is estimated as
$486 a share on Union Pacific common,
O1 hIItlOSO OKlE~4id41 b1AC RAVoCAAe cav 0A1-
nual dividend.
Last year earnings from all sources
were equivalent to $20.37 share. This
year at the present rate net should run
around SIT q share, more or less de-
pending on traffic conditions, which
cannot be accurately forecast now. In
any event the $40 dividend is entirely
secure, a fact which is reflected in the
market price of above 5000 a share,
making the investment return consider
ably less than per cent.
Union Pacifics has q preferred issue
which meets the investment require
mentS of the most conservative. It has
sold this year at price to yield only
460 per cent, which is lower than the
return to be had on good many high
grade bonds. Union Paciflc's bonds
themselves are investments of the high
est type.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
CHECK TOTAL DROPS.
BY enc Associated Press.

tIl6 xAssUEIdteu
Checks drawn on individual ac-
counts in principal money markets Of
the United States dropped slightly last
week below the figure for the previous
week. The following totals were an
nounced by the Federal Reserve Board:
Week ended September 3, $9,777, 147 900;
previous week, $9,788.634, 900; same
week last year, sic, 1913, 007, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
Markets at a Glance

! NEW YORK, September up. -
Stock irregular; Auburn Auto scars on
squeeze Of shorts. Bonds firm; Argen-
tines ease on light offerings. Curb firm;
numerous specialties show strength.
Foreign exchanges irregular; sterling
strong. Cotton weak; bearish Govern
ment report. Sugar quiet and steady.
Coffee higher; trade buying.
CHICAGO, September 8 tP).-Wheat
easy; increased visible supply and larg-
er Russian offerings. Corn easy; larg-
or country offerings Cattle steady.
Hogs steady to strong.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
POTATO MARKET.

CHICAGO, September Up GU. S.
Department Of Agricultire). - Pota-
toes-Receipts, 1853 cars; on track, 269
cars; total U. s. shipments Saturday,
e06 cars; Sunday, AZ cars; market
stronger, trading fair; Wisconsin, sacked
Irish CobbIers, 24oa2.5 SO; fancy higher;
Minnesota, sacked Irish Cobblers, 225a
ass; sacked early Chios, 2.20a2.25.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
MoNEY MARKET.

NEW YORK, September 8 (E9.-Cail
money. steady, 2h per cent all day.
I I'm. io 90, steady; 80 days, 2-2A; 90
months, 1913; SIS months, per cent.
Prime commercial paper, 3-3A.
Bankers' acceptances unchanged, 30
days. 2-u; 5000 days, 2-iM:
mcnsns. ass-2; So months, 2sb-ah.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
U. S. TREASURY BALANCE.

The United States Treasury balance
announced today as of close of business
September was $73, 125, 1854. Gus
toms receipts for the month, to date
were $5,183, 103.o7. Total ordinary ex-
penditures, $10,093, 659.26.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
FOREIGN EXCHANGES.
Quotations furnished by W. B. Hibbs a, co..
Nominal gold Selling checks
METAL MARKET.

NEW YORK, September (P).-Cop-
per quiet; electrolytic spot and futures,
1o% all. Iron quiet; No. fob. East
ern Pennsylvania. ls00als.0o; Buffalo,
1900: Alabama, al.5oaI4.00. Lead
steady; spot. New York, $50; East St.
Louis, SIS. Tin steady; spot and
nearby, 1880; future, 30.05. Zinc quiet;
East st. Louis, spot and future, 430a
ass. Anthony, 500. Quicksilver,
1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
CHICAGO DAIRY MARKET.

CHICAGO, September (P1.-Poultry,
alive, z cars, 10 trucks; steady; fowls,
221a; springs, "a; broilers, al; ROSTERS,
l5a18; small, IA: young geese, is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
New Chrysler Division.

: NEW YORK, September tP.-The
ChrySler Corporation has formed q new
division, the< Amplex Manufacturing
Co., to handle the sale of non-automo-
tive products.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08

Employees of the Chrysler Corpora
ton now have in effect life insurance
policies amounting to more than $6e.-
OOO. 900, according to the first annual
report of the Chrysley Industrial AS
scciatirn for tins year ended june !,
1890.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
Rail Stocks
BY GEORGE T. HUGHES.

(This is the thirty-ninth of Q series Of
brief analyses by Mr.. Hughes On railroad
securities. The intent, is not to recon-
ticular stock, but to give the investor
such information as may enable him in
diligently to chart his own course9
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
CHICAGO STOCK MARKET

Ey the Associated Press.
CHICAGO, September 8.-Following
is the complete Official list of transact
tons In stocks on the Chicago Stock
Exchange today:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
SILYER INNOVATIONS.

NEW YORK. September 8 R).-Bar
silver, 36Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08

Two million dollars is to be spent In
improvements for London University,
London.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
NEW YORK CURB MARKET

Note-An stocks sold In hundred share lots
excepting those designated the letter 80sD 25Os)
which shows those stocks 70 be sold In odd lots only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08

Received by Private Wire
Direct to The Star Office
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-08
BONDS.

,S s E sssFn 81 i ii ]: 49,; ~ ::
1000 Swift & Co SIS "a. 1924 1921 1924
Bond sales today, $4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-02

to the bystanders in those early days Winton's
were merely engines propellng four wheels and
grudgingy making room for a driver.
Appearance has never been considered in the
construction of any of these racers, except in
designing the body to reduce wind resistance.
The motor held the attention of racing
gineers, and to Daytona have been brought the
most radical Announcements of motoring. After
trials on this wide stretch of beach, these in
novations have found themselves surrounded
by handsome hoods and bodies to take to the
streets and highways
Back in 1903, for example, the society that
gasped at the racers as they flashed by them
on the beach never dreamed that Wintons
Bullet Number 2" would be the forerunner of
the high-powered eight-cylinder motor cars of
today, that Walter Christie's Iaughable ice
Wagon" would herald the day of the 'front.'
wheel drive automobile.
EVEN from the more sophisticated viewpoint
today, we might be excused if we failed to
see any connections between those early racing
buggies and the cars of today For buggies
they were slung high on four bicycle wheels,
with the motor in front driving the rear wheels
by means of chains, With the driver perched
precariously behind, his entire body exposed to
the wind and sand. .-.- a.-...-
Wintons Bullet" was the first racer on these
sands, although several races preceded it at
other places AS early as 1895, there is record
-,gt ursss0 gsfsseav -sseg "a eE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-02

CHANGING with the years like women's
raded up and down this beach, excelling one
another each year in appearance, power speed
And as the stage has foreshadowed the fash
ions of future years, so has this beach displayed
the modes of what was to come in the automo-
biles of the street.
Looking backward through the years, back to
the days when Alexander Winton first drove his
famous red Bullet" over these sands in 1908,
it reveals a remarkable history of the auto
mobile, not only in racing, but in engineering
and design.
Back in those early days the racers that
chugged along the beach at what was then
sidered the break-neck speed of 70 to rs miles
an hour were not good to look at, but they
drew a select gallery. In those days society
alone went in for motoring, and society alone
lined the beach. At least one of the leaders
of New Yorks 400, william K. Vanderbilt. act
uaIly took the wheel of racer and drove it to
a new speed record.
FROM the present viewpoint the array of
automobiles facing the course at Daytona
In those early days was spectacular and funny
They look like so many freaks out of Barnum's
museum Caps, goggles, long flowing veils
linen busters we're the motoring mode of those
days
The. contraptions that chugged by these early
OnloOkers were the freakiest of freaks Even
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-02

With StirrupS and everything, seated
precGriOuSLy on his Super-SuLky, II. i.
Thomas cOG1ed this X. E. OIds cOntrGP-
ton to a record.
of a race from Chicago to Evanston Ill, IN
which Charles E. Duryea, one of the earliest
automotive inventors, drove what was really
motorized buggy, at the record speed Of seven
and half miles an hourl
Real speed, however was first displayed at
Daytona in 1903, when Winton drove his racer
down the beach at an average speed OF 68 miles
an hour, or a mile in 50 IS seconds. That was
considered highly remarkable And it was
The vehicle in which Winton made this speed
makes his performance even more remarkable.
Instead of placing the cylinders of his engine
upright he lay them horizontally below the
body of the vehicle eight In all-the flrst
straight-eight motor in history.
radiator like q bale of hay covered the
front of Winton's car. The body was merely
bucket seat set high up directly in front of the
tank. The stream-lining depended largely on
how the driver hunched his back.
Jour large wood wheels. with tires that in
those days were, considered extra large,
helped in carrying the car to its record speed
that winton in his red-painted Bullet" de-
feated William K. Vanderbilts German-made
Mercedes.
In the same year r. E. Olds the pioneer
auto engineer, produced his freakish Pirate"
This consisted of four light buggy wheels con-
nected by a light frame on which was hung
the four-cylinder motor two rocket-like gas
tanks, the bale of hay" radiator and other
necessary parts. 1t had. practically body,
but left seat for the driver, somewhat like
the sulky seat behind a trotter
1t was this contraption that H. T. Thomas,
his feet set in stirrupS hung from the rear
axle and his hands holding the steering wheel
SO low that he had to crouch uncomfortably,
made the measured mile on the Daytona Beach
course in AZ seconds Wintons record had not
stood long.
QUITE cratic in its appearance as the
x Pirate" was the "Stevens-Duryea" that
Otto Nestman drove to a new speed record In
1904. Here was another chassis ON wheels,
without semblance of body sits GOA s.- ca
The same old "bale7 Of hay radiator stuck
zs4sffa 1:s'Esi fxrs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-02

WALTER CHRISTIE'S Ice Wagon, named
because its huge hood had to be kept
packed with ice to keep the motor from over
heating, might also have rung up a new record
had there been enough ice available. Trouble
was, the motor was so powerful it overheated
despite the ice and had to be withdrawn before
the length of the course had been covered But
it was a front-drive car, the pioneer of a Sys-
tenn that only today is beginning to be
prominent
1t wasn't long after the first efforts at racing
that engineers began to build automobiles to
suit the needs of the race track. More powerful
engines were put in and bodies streamlined to
to reduce wind resistance Records fell fast.
BY 1906 Victor Demogoet, French mechanic,
driving a 200-horsepower Darracq, had the
satisfaction for the first time in automotive
history of making two miles in less than q
minute. Today the record speed Is nearly four
miles a minute, yet considering the conditions
of the time and the position of the industry in
1906, the two-miles- minute speed was q
greater accomplishment than that of Maj
Segrave last year.
A FER the first few years, racing at Daytona
waned until the war put q check to It
altogether. After the war, however, Daytona
Beach became the center Of an international
ereS ass ii ssbaf~ orr t.a,sl.,
Continues on Toeaty- second Page
bCE eyE%sGN~ Sf'tfsa sft'a s.tr@'T s2f'.s.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-02

O 50O-fo1t strip high and dry at low tide.
Coquina, that hard mixture of seashells and
corals found abundantly in this and other
Southern States, forms the base of a particu-
larry tough surface along the entire beach.
Mixed with the sand of the beach and wave
rolled by the incoming and receding tides, it
leaves smooth, hard course.
Hardly ripple may be found over the entire
beach. 1t is the smoothest natural surface,
say those who have sought them, in the world.
So it is that automobiles have been driven
over this stretch of sand, first to see how fast
these machines could go, now really to learn
how fast man himself can go. Some time this
month, Kaye Don of Great Britain will shoot
his unique 2,000-horsepower racer down this
beach at what is expected to be the fastest
speed man has ever gone in automobile.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-02

stretch OF bedch OetUeeH OTHOHd and
DayionG, Fla, has been the Mecca of
speed bugs euer since the first motorist
said, This bus tUiH make yours look
like an O1-cGrt!'
out in front, while the motor hung below the
center of the frame. Above this sat the driver
hunched uncomfortaby low over a steering
wheel that extended vertically down to the
workings beneath.
Bicycle wheels. and old-style carriage springs
accentuated the. gawky appearance of this con-
trivance, yet, impossible as it may seem, to look
at a picture of the vehicle, Nestman was able
to win a new record when he drove it early
In 1904.
There were speed contestants in those early
days of motoring whose designers considered
appearance as well as performance. For in
stance, the Packard Gray Wolf" with which
William Schmidt did mile in 46 seconds in
1908, looked more like the modern streamlined
racer than any of its competitors. Its motor in
front was covered by q slender V-shaped hood,
and only the driver sat alone and little too
high in back Its wheels were smaller than
those Of other racers and its tires larger. 1t
was sprung low to bring the entire body closer
to the ground. The Gray Wolf was the nTst
racer that really looked like one.
The Gray Wolf started the mode in racing.
For following that came all sorts of sleek looking
as well as freakish, bullet-shaped speedsters.
Two of these were particularly noteworthy.
One was the Baker electric Torpedo Kid" the
first of a very few electric vehicles to compete
with gasoline cars in speed contests. The other
was Walter Christie's ice Wagon" the first
front-drive automobile to appear.
For an electric automobile, the Torpedo Kid,
shaped in a small way like Major Segrave's
Mystery s." of 1927-squat turtle-back strad-
ding four disk wheelS-was a wonder. w. j.
Hastings in 1904 drove it a mile in 81 Us Sec
onds at Daytona to q new record for all types
of racers
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-02
BY IsRAEL KLEIN.

~ OR "a miles, almost without a break,
: :; e: =: 8:
- Sloping slowly into the sea- it leaves