davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
Investment Firms
Will Be Affected
By Merger Deals
Many Houses Expected to
Figure in Readjustments
Before January l.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 13.-Between
now and the end of December, there
are likely to be more changes among
firms dealing in investment securities
than normally occur at this season of
the year. Mergers of houses that have
been identified with the underwriting
and distributing of bonds and preferred
stocks are now being negotiated. Ar
rangements are also being made for the
closing out of the business of other
firms whose profits have been steadily
reduced from a two-year dullnesS in
the bond market, followed by a period
of very great shrinkage in the price of
new issues.
New Methods Likely.
At the same time it Is believed that
new methods must be adopted in order
to bring back the investment market
TO the position it held prior to 1929.
Present conditions reflect the heavy
overproduction of both domestic and
foreign bonds in the last few years and
failure to create new markets in pro-
portion as the supply of issues in
creased. Salesmanship must also be
established on a higher plane of in
teHigence than that exhibited during
the years when the main argument
OF the bond salesman to his customer
was that the new issue would show an
immediate profit over the purchase
price.
1t is felt also that there will have
to be closer regulation of the supply
Of new bonds to the capacity of the
market TO absorb them when they are
brought out. Competition for new is
sues has been increased by the great
Fov@ @% kL4k 4-.A~
business of underwriting and distribu-
ting bonds when the public, and espe-
claIly the banks, were eager to make
investments in Understanding securi-
ties, both of domestic and foreign
origin. Many of these firms have
quietly folded up their tents and dis
appeared during the past year. Con-
ditions now favor cooperation between
the remaining houses much more than
they have for some time
A great deal of the grief that the
bond buyer has experienced in the last
IL months from a depreciation ranging
from 20 TO 80 points on American is
sues to 80 and SO points on foreign
bonds can be charged to those who Of
fered these issues at prices greatly out
Of line with the general market, and on
the basis of enthusiastic circulars that
cannot be read today without painful
emotions and some question of the COM
petence OF certified public accountants.
New Financing.
The outlook is for very moderate is
sues Of new corporation securities in the
next few months. This will assist in
clearing up the market where it has
been congested and give an oppor-
tunity to stabilize old issues whose
price and yield fix the issue price for
new underwritings.
It is believed that the liquidation,
which has been more violent in bonds
in the last two months than for any
similar period in years, is coming to an
end
(CopyriRht lp30l
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
INDUSTRY REACHES
TOWARD NORTH POLE

Within few hundred miles of the
North Pole fish canning factory has
recently been established, manned en-
tirely by Eskimos. The plant, financed
by the Danish government, is located
in Holstenberg, Greenland, town be-
yond the Arctic Circle.
Modern in every detail, the factory
makes use of electric power derived
from the swift running rivers of the
vicinity and employs up-to-date dyna-
mos and Oil engines to cope with emer-
gencies. It is operated mainly by
Eskimo women. The whole population
Of the district, numbering approx
mately $50, is devoted to fishing and
the new industry. A feet of modern
motor fishing boats, recently shipped
from Denmark keeps the establishment
supplied.
Halibut are the principal catch Of
the vicinity. The finished product is
shipped to Denmark.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
Trade Trend and Outlook
President Of Flour Mills Company Calls Attention to
Importance of Export Business a Factor
IN American Prosperity.
BY ALBERT C. LORING.
President Pillsbury Flour Mil 90.

Special Dispatch to The Star.
MINNEAPOLIS, December 13.-From
all angles. it seems to me that we in
the inland Northwest are at least in as
good condition as any other section of
the United States. IL must be adj
mitted, however, that the situation as a
whole is quite serious and will require
the best thought of our legislators,
backed by the whole-hearted co-opera-
ton OF business men in all lines, to
bring about a more healthy condition
and restore confidence among the peo-
pie.
There are favorable factors, of course,
in this as in other sections of the coun-
try. Notable among them is an essen
tally sound and stable financial and
credit position, with banking resources
and reserves ample for the financing of
the requirements of business and indus
try, not only at present, but also when
trade returns to normal activity.
Export Trade.
One of the problems that our legisla-
tors do not seem to appreciate is that
with the tremendous resources of the
United States and our ability to produce
farm commodities much in excess of
our own requirements we must main
tain an export business.
Build wall around the United States
and refuse to permit the interchange of
goods on some equitable basis and you
will Stifle the activities and energies
that ale essential to our prosperity. We
must not only be able to transport man
ufactured goods to other countries, but
we must also be willing to accept from
them such commodities as they have to
sell on fair basis.
This not only will permit our farms
and factories to maintain production at
higher levels than If we were only on a
domestic basis of operation, but 1t also
will provide for the return of shipments
from other nations, without which our
steamship lines cannot be operated
profitably.
In dealing with the tariff question.
it is essential that full consideration
be given to the necessities Of other coun-
tries, as their governments, like our
own, are endeavoring to safeguard In
every way the interests of their own
people.
While there are many elements of
uncertainty which, at the present time,
are restricting business, the situation is
not as bad as it has been in previous
periods of depression, inasmuch as
stocks OF goods of all kinds now are low
and credit conditions are sound, with
prices extremely low. Thus, am con-
WINGED, we can look forward to a period
OF advancement in most hopeful way.
Our own industry, the manufacture
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
DIVIDENDS IN 1890
PASS. 1929. TOTALS
Disbursements of Big Corporations
in Past Eleven Months Show
So Per Cent Gain.
Special pispatch 70 rhs scar.

Special Dispatch to The Star.
NEW YORK, December 13.-Dlirine
the first IL months of this wear cor.
porate dividend disbursements have
totaled $3,470, 800, 900, compared with a
total of 1929, 100000 for the same
months OF last year, an increase of
$346,6OO,OO or IL per cent. Interest
payments this year amounted to So
61L3OO,OOO, against a distribution Of
$S,ISS 6OO, 900 last year, an increase Of
$oS, 100000 or i.6 per cent. The sum of
interest and dividend payments for the
/! months is thus $7,287, SOC, 900, a gain
OF S4O5 800, 900 or So per cent over total
interest and dividend payments of Sc
1929. - -. Ai0ii'A" VI
This record contrasts favorably with
the reduction in dividend distributions
In the year following the climax of
the postwar boom, according to the
Alexander Hamilton Institutes current
weekly. Corporate dividends In 1920
amounted to 1882, 900 900, but the fol-
lowing year they declined to $922, 400
600, a decrease of 6 per cent. Industrial
companies distributed some $50 GOO, 600
less In dividends in 1921 than In 1920
and railroad dividends were reduced
nearly $2,000,000. The total decrease
IN dividend and interest payments from
1920 to 1921 amounted to $4,000, 900.
the total for the former year being
3,415, 100000 and for 1921 S3,342'.
900 900. The decrease was equivalent
TO 2.14 per cent. $3.50
The showing for this year is note
worthy in another respect. Dividend
last year exceeded So
600 100000, and for each of the two
years preceding dividends were in ex-
cess of $4,000 600 600 The three yaar
period was q new era in resnecf tn
magnitude Of dividend payments. BE-
cause Of the recession Of business ac-
tivity, however, current dividend rates
are not likely to be maintained. Havs
the institute. The last half 81 1870
discloSes a trend toward lower dividend
80
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
Order for 500 Taxis
Will Furnish Work
Until Next Spring
special pispatch to The star

Special Dispatch to The Star
HAGERSTOWN, Md, December
13.-The M. p. Moller Motor Car Co.,
which put several hundred unem-
ployed men to work several months
ago when It received an order of
500 taxicabs, announced receipt of
another order Of 500 cabs from the
Paramount Taxi Co., New York City,
which will keep the workers engaged
until next Spring.
A $350,000 sewerage project is ex-
pected to be started shortly by the
city. The approval of the State De-
partment Of Health for bond issue
for this amount is awaited before
bids can be received.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
PHILADELPHIA BANKS
KEEP INTEREST RATE
Special Dispatch to The Star

Special Dispatch to The Star.
PHILADELPHIA, December 13.-It
is announced that savings banks in
the city win not reduce the rate of
interest paid on deposits for 1881. The
five savings banks in the city, the
Beneficial, First Penny, Germantown,
Philadelphia and Western, all pay 4 per
cent on accounts, except Germantown
and First Penny, which pay AZ per
cent
The majority Of commercial banks
operating savings accounts in Phila-
delphia also pay per cent on savings
deposits Thus far, no reports have
been received Of these banks lowering
their rates, although many CONNER
cial banl0 In other cities have lowered
EateA,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
CHICAGO DAIRY MARKET.

CHICAGO, December Is (Ry.-But-
ter-Receipts, 1888 tubs; easy; cream
cry extras (92 score), 81: standards go
score car lots). 29la; extra firsts t90-91
scoreD, 291aa30; firstS 1888 Score)
27a28; seconds (86-87 score), 25Iaa26
Eggs-ReceiptS, 1880 cases; steady;
extra flrstS, %: fresh graded firSts IS:
fresh current receipts, 23a24; ordinary
current receipts, 20a22; refrigerator
firsts. 1872; refrigerator extras, 171za18
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
BUSINESS PICKS UP.

The George A. Fuller Co., a subsidiary
of the United States Realty & Improve
ment Co., has booked $3,327 900 of new
business since December l., and ST.
$4,000 within the last 80 days. I'm
finished business on the books of the
company amounts to $33,500, 900, as
compared with $32,000.O00 as of June
80, last. and 35.47o.0O0 as Of January
], last.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
MORRIS PLAN OBTAINS
TWO ASHEVILLE BANKS

Special Dispatch to The Star.
ASHEVILLE, N. c., December 10
Purchase of the Asheville Industrial
Bank and the Biltmore Industrial Bank
by the Morris Plan Bank of Asheville
was announced today. The purchase
unites the three largest industrial
banks Of Asheville into a single unit,
with resources of 100000, to operate
as a subsidiary Of the Richmond
Morris Plan Bank.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
TOBACCO REPORT.

DANVILLE, Va, December Is (Spe-
ciaD The Danville Tobacco Associa-
tons weekly report issued yesterday
shows that to date this season 30,744,-
$50 pounds of leaf have been sold on
the local market for $3,421 ,336.72, the
average being $11.13.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
AMERICAN STORES CO,

Sales Of American Stores Co. for four
weeks ended November 20, and for 48
stores included, compared IS follows:
4 weeks, 1880 1898. Per cent.
NOV a.. sll.isa.asl sIiSis,iss Dec. -
Nov: sS.... la0.4ss,cSO .so2eS.4ss Ds& .
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
BANK CHRISTMAS BONUS.

Bank of America National Trust &
Savings Association of California, con-
trolled by Transamerica Corp, will dis
tribute extra compensation aggregating
$4,000 to 5000 employees prior to
Christmas.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14

nesday evening. This affair usually
draws 1900 members and guests.
Opposes Frequent Switching.
John Moody says, there Is nothing
to inside information and the tendency
to change investments frequently is a
mistake. A sound investment and in
finite patience will make money oftener.
The business man with a surplus for
investment should invest in high-grade
securities only and those requiring no
worries or attention from him. His
business, after all, is his biggest specu-
lation and he should devote his time
and study to that"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
Business News
in
Retrospect

Overproduction of Commod-
tiles, in Disregard of
Frequent Warnings, Is
Apparent Reason for Pres
ent Conditions in BUSH
ness World.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-04-18
FISHING DUEL
IS ARRANGED
Noted Anglers Will Vie At
Arkansas Pass Next
Month

PORT ARKANSAS, Texas, April
IA four cornered tussle for
supremacy between widely known
exponents of light tackle fishing
looms as a possibility here next
month.
Closely following the recent an
nouncement that the chamber OF
commerce would sponsor a revival
of the Port Arkansas Light Tackle
Club, famous among SportSmen
some years ago. word has been re-
ceived from Carl F. johnson, pres
ident Of the Tuna Club. Santa Cat
alma Island. California, the fore
most sportsmen's organization on
the west coast. that they would be
here the same time as Secretary Of
Agriculture Arthur NJ. Hyde and
George @. Schutt secretary Of the
Long Key Fishing Club, Florida,
both Of whom had previously advis-
ed of their intention to spend two
weeks here commencing May Is,
to test their skill in hooking the
game, ard-fighting King Tarpon".
Port Arkansas. Of course, boasts
IFS own light tackle champions, Ed
Cotter and Gail Borden Munsill.
and with the expectation Of. enter
tanning such distinguished wielders
of rod and reel who lean to the use
of light tackle. home town folks are
going to hang I'D a suitable trophy
and back their local favorites TO
the limit
with the best anglers from the
west. east and gulf coasts engaged
and official washington also repre-
sented. unusual interest surrounds
the proposed match and COMPETE
ton for first honors should be
keen.
The rules committe Of the cham
her of commerce has announced
that for the special contest the fol-
lowing tackle specifications will
apply: rod, 6 or. tip. not shorter
thar S feet. but not ove Is inches.
line standard No. 8 thread.
eader not over so inches long. Size
II reels not restricted. Virtually the
name rules will be in force for the
light tackle club now being FORM
VI.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-04-18
- Ms BROWNsVMLE Herald SPORTS SECTION -
Holding Edge in Early Big League Contest

all opposition before them. recently
ton satellite, and Wilmer Allison
defeating Johnny Van Ryn, Prince
Of Austin, two OF the ~favorites in
the coming Davis Cup elimination
matches.
In addition to his intercollegiate
championship Bell An the wearer az
more than 100 tennis crowns and Is
present holder OF several challenge
cups and medals.
Matches scheduled before the ten
mis- squad heads east for the inter
collegiate tournament and special
matches re: April IL. Southern
Methodist University nc Dallas:
April IL. University OF Oklahoma
at Norman. CTentativeD: April 10
Baylor University at Waco; April
25 and rs. Tulane University at Aus
ton; May 10, Texas "A. a. NJ. nc Aus
tin; May 3. Rice Institute at Hous-
tin; May IS and II. Southwest Con-
ference tournament at Dallas.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-04-18
BY TED vosBURGH
Associated Press Sports Writer

NEW YORK. April ls-tP=
Launched in thrilling fashion at
Seattle and London, the college row.
ing campaign which will be in
augurated In the east tomorrow give.
promise Of bringing into action q
flock OF well-matched crews.
III the two races already rowed
are a criterion, there will be plenty
Of sensational duels and garrison
finishes before the 1880 season goes
into history.
Only five feet separated Washing
ton and California In their great
race a week ago. and Cambridge
conquered Oxford by two lengths
in another mighty rush from be-
hind. This was in striking contrast
to last year when these races were
won by five and one-half and five
lengths respectively.
Columbia, whose mighty array
swept through the ~whitecaps to VIC
tory at Poughkeepsie last June. vii
be favored to defeat the Navy and
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-04-18
MARATHON SET
FOR SATURDAY
Koski and Miles Among
Entrants AT
Boston

BOSTON. April 1s-P-Three
former winners and nine OF last
years first ten finishers will face
the starters gun In the torturous
Patriots Day marathon run tomor-
row.
Outstanding entries among the
2l6 listed are Karl Korki of New
York, recent winner Of the national
championships who finished second
here last year, Johnny Miles Of
Hamilton. Ont, who won the event
last year after a previous victory In
record time, and the 4~1-year-old
Clarence De Mar Of MelroSe. who
has finished first in six races.
The event will be run for the 34th
time. Rugged. billy country makes
up part of the course. which is from
Hopkinton to Boston, a distance Of
IS miles. 835 yards.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-04-18
C PORTS A
NJ With Hal EuSt0ce
U n U = y n N

A MODEST head over a small
story deep in the sport page today
quietly announces Midget wolgast
and frankie Genaro, recognized
flyweight champion, will meet in
a titular fray May % at Madison
Square garden. There's more story
here than meets the eye. 1t means
that President w. G. Carey OF the
Garden Is getting over his temper
with Joe Jacobs, Genaro's man.
ager.
CAREY has not allowed any
member Of Jacobs stable in the
Garden since he accused Jacobs
and Schmeling OF running out on
him last summer. The Garden head
had a Sharkey- Schmeling bout
practically under way when Jacobs
rushed in and dumped over the
apple cart. Carey got mad enough
TO pull up grass and has kept a
baleful glare on Joe ever since.
Someone has convinced the prexy
that what he thinks of Jacobs
should not prevent the Genaro-
Wolgast spectacle.
THE m-idget-Wolgast-is one OF
the most interesting l12-pounder
in many a year. In thoroughly
trouncing Black Bill-a mighty
sweet streak of nghtnang-the
Midget looked like a world cham
pion and his hackers promptly set
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-04-18
ROWING CREWS
WILL GET INTO ACTION SOON

Massachusetts, Tech I'm the Eastern
opener on the Severn nc Annapolis
tomorrow, but by no such margin
as last year.
Meeting the same opponents one
at a time on the Harlem. the unde-
feated Columbia crew Of 1929 polish
ed off the Navy crew by three lengths
and swamped Massachusetts, Tech
by 8 Ia lengths in a mile and three
quarters race.
III the number OF seasoned veter-
ans available means anything, "Old
Dick" Glendon's crew and Rusty"
Callow's University Of Pennsylvania
should be strong.
Harvard and Princeton should
Be faster than last year, and Yale
may not find the Crimson oarsmen
nearly as easy as the 1929 crew prov
ed to be.
Syracuse. building on its cham
pion Freshman eight, and Cornell.
winner Of the junior varsity event
on the Hudson. may be up with the
leaders once again. Little is known
of Wisconsin except that Mike"
Murphy always can be counted upon
TO produce.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-04-18
LONCHORNS TO
MEET ACCIES
Historic Rivals Clash On
Kyle Field This
Monday

COLLEGE STATION, Texas,
April l8.-When the Texas Aggies
Of Coach Roswell Higginbotham
and the Texas Longhorns OF Uncle
Billy Disch meet in the first con-
test OF their two-Same series on the
Kyle Field diamond Monday, April
81. another chapter in that historic
diamond feud which is virtually as
old as the game of baseball in the
Southwest Conference, will be en-
acted.
Long recognized as the outstand-
ing rivals Of the Southwest Confer
ence sport world. diamond contests
between the Aggies and Longhorns
would naturally be fraught with
interest and keen competition, but
to add to this natural rivalry is the
record of diamond battles between
the two teams in the past.
Evidencing the keen rivalry be-
tween the two teams is the fact
that in each Of the past four years,
the Longhorns, winners OF seven
teen championships in the past
eighteen years, have had their
title hopes hanging in balance when
they entered their final series Of
the season with the Aggies.
Twice in those four years, in 1926
and 1927, the Aggies finished the
season In second place, and in the
other two years, 1928 and 1929. they
closed their schedule in possession
OF the third rung Of the conference
percentage ladder. A sweep Of the
series in either 1926 or 1927 would
have left the Aggies at the top Of
the heap and in 1929 would have
placed them in a tie with Baylor
for the championship.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-04-18
u. 7. METERS
SEEN STRONG
Bell and Barnes Expected
To Breeze Through
Opposition

AUSTIN. April lS-tP-Headec
by Berkeley Bell OF Austin, Nation
al intercollegiate champion. the Uni
versity OF Texas tennis team is ex-
pected to negotiate the 1850 season
with the same ease that character
lied its progress last year. The
Steers have already one conference
scalp on their belt as a result OF
the crushing Dr. II given Texas
Christian University when the Long
horns captured every match.
Although Bell is the individual
star and ace of the squad his team
mate. Brue Barnes also is recogniz-
e. as one Of the leading contenders
for collegiate tennis honors. So far
this season. these two have swept