davidaulloa/AmericanStories huggingface dataset:
Evening star., 1930-05-23
INCREASE IN AUTO
PURCHASES NOTED
Present Rate of Output Ex-
pected to Continue
Through June.
BY DAVID J. wILKHE,
Associated Press star Writer.

DETROIT, May 22.-Manufacturina
activity in the automobile industry prob
ably has reached its peak for 1880, and
the present output Of slightly more than
100000 units a week may be expected
TO continue at least through June, in
the belief Of most of the industry's ex-
ecutives. May sales. according to Al
fred Reeves, general manager of the Ma
tional Automobile Chamber of Com
merce, ~are promising, even though the
Improvement is somewhat 'spotty."
While the lowest price fields continue
to supply the bulk of the current BUSH
ness. manufacturers in the medium and
higher price lines report encouraging
activity.
Recent Figures
"Just because you hear so much about
the lowest price field getting go or 10
per cent Of the total business in the
automobile industry" said a represents
ative Of one of the manufacturers Of
higher priced models, "you must not
conclude that medium and higher priced
cars are not being sold. We're selling
cars in volume comparable to 1928"
Figures announced by General Motors
on actual deliveries by dealers to con-
sumers in April showed. slight increase
over the previous month with 142,004
units, compared with 123, ,78l in March.
While large part of these deliveries
were in the lowest price line, they COW
cred also the medium and higher priced
models. It Is particularly interesting in
this connection that production of the
Cadillac 16-cylinder model has increased
each month since the multi-pistoned
car was first shown at this years auto-
mobile shows.
The automobile industry generally
has found considerable satisfaction in
the knowledge that there is a definite
field for what might be termed a new
type of luxury model automobile Al-
ready reports are current that another
16-cylinder automobile will be brought
out within the next three months.
BY the way of contrast comes the arl-
nouncement that the American Austin,
bantam car in the lowest-price field.
will make its appearance within the
next few weeks.
Although the majority Of the motor
car makers have been expected to with
hold presentation of new models until
January 1, one maker who produces In
several price classes soon will bring out
new model of one Of his established
six-cylinder types. The car already Is
In production and formal announce
ment of its various new features Ia ex-
pected within few days-
Price Ck
The Chrysler Corp ton, in an-
nouncing a price cut on certain
model, recently frankly explained the
reduction was designed to clean up cur-
rent stocks preliminary to the discon-
tinuance of that model and the intro,
duction of a new one in Midsummer.
Rumor has 1t that several companies
plan to reduce the number of models
handled. discontinuing certain lower-
priced lines that supplement their me-
dium and higher priced cars. Two
eight-cylinder models to replace present
skies and possibly a 12-cylinder car In
the higher-price class also are looked
for in the readjustment.
Evening star., 1930-05-23
CHANGE IN FREIGHT
RATE AFFECTS STEEL
Further Softening Of Values Ac.
companies Revision of
Charges. .

To unsteady demand and declining
prices in finished steel has been added
the further complication of probably
the most drastic freight-rate revision
in the history of the industry, affecting
practically every haul east of the Mis-
sissippi and north of the Ohio and Po-
tomac Rivers, says Iron Trade Review,
Cleveland.
Based on mileage scales prescribed by
the Interstate Commerce Commission,
the new rates were effective Tuesday.
In general, long-haul rates have been
reduced and short-haM rates increased,
lowering the freight bills Of a majority
Of consumers.
While it is too early fully to appraise
the extent of the dislocation, many struc-
tural steel fabricators may be seriously
handicapped in reaching their accus-
toned markets. For portion OF the
automotive trade the Cleveland base
on bars may be more widely applied,
although reductions to Detroit maintain
the relationships Of important produc-
ing districts.
Sharing widespread interest in a study
OF the new rate situation is a further
softening of prices. Semi finished steel
is of 81 to 81 per ton in the Middle
West Steel bars. plates and shapes at
Chicago have been reduced to the nor
NAL spread of So per ton over Pitts
burgh.
Autobody sheets are quoted So per
ton lower, with further weakness in
black sheets at Detroit and blue an
nealed at Chicago. Cold-rolled strip is
quoted 50 down at Cleveland. Cast-iron
pipe has been lowered 50 at Chicago.
Quotations on fabricated structural steel
mirror the intense competition for busi-
ness.
AS some Of the larger producers. espe-
cially of heavy finished steel, evidence
an intention Of meeting the low prices
Of their competitors, a feeling that the
market may be stabilized at about cur
rent levels is apparent.
Steel Corporation subsidiaries this
week have fallen slightly below 80
per cent, after holding that rate for
several weeks. Pittsburgh is of few
points, to below rs per cent. Chicago
holds at 90 per cent, Cleveland at '76,
Birmingham at $500. youngstown is
on about points to SO, while Buffalo
is up to 73 per cent.
Automotive requirements for finished
steel are more vigorous in some direc-
tions, as manufacturers specify material
for new models, but the rise in Ford
have run its course, and there is
some opinion that automotive produc-
ton is passing its first half-year peak.
Reductions in semi-finished steel
lower the Iron Trade Review composite
k28 cents this week to $3.50. For IL
consecutive weeks this index has de-
clined. At the beginning of May II
stood at s33.e6. and for April 1t aver.
aged $34.AA
Evening star., 1930-05-23
Business Notes
By the Associated Press.

By the Associated Press. .
NEW YORK, May 23.-Demand for
hardware remained at its high level
during the past week, Hardware Age
reported today in summary of market
conditions. 1t was attributed to favor
able weather conditions existing in most
sections of the country. Prices are gen.
orally steady, Hardware Age reported.
Metro Goldwyn- Mayer will release so
talking productions during the year be-
ginning August !, 1880, it was an
nounced.
The National Supply Co. has received
two contracts for pipe line and supplies
valued at more than SIS, ,000, 900 from
the MiSsouri-Kansas Pipe Line Co. and
the Albuquerque Natural Gas Co. Sim
clair Pipe Line Co. has ordered 1000
tons Of pipe for a pipe line from the
Youngstown Sheet & Tube Co.
nounced 1t has received an order from
the Anglo Chilean Consolidated Nitrate
Corporation for $4,000 feet of bare
copper wire, 250.000 feet Of standard
hard-drawn copper cable, 5000 feet of
No. conductor wire and $50 miles of
bare No. 10 average hard-drawn copper
wire.
The Otis Steel Co, it is announced
has resumed production in its No. 2
blast furnace after making record
in refining and enlarging 1t. Its ca
pacity was increased from $50 to $50
tons. The work was done in 46 days.
Sugar consumption in the United
States this year Is unchanged from
1929, Finlay & Co. reports in a re-
view of the raw sugar market Princi-
pal countries Of Europe show a "a per
cent decrease, the company said.
Ore consumption of furnaces in April
totaled 4,574,o25 tons, compared with
5,411.891 tons in April, 1928, the Lake
Superior Iron Ore Association reports.
Evening star., 1930-05-23
|NVESTMENT BOND
ISSUES IN DEMAND
Convertible Group Stronger,
in Sympathy With Stocks
Advance.
BY. +. H. RICHARDSON.

Special Dispatch TO The Star.
NEW YORK, May 23.-There were
q number of strong spots in the domes-
tic and foreign bond list today, re-
fiecting the moderate upward surge in
stocks and better disposition toward
strictly investment issues. The days
total was Influenced by the trading in
the convertibles, of which the Ameri-
can Telephone AIS represented a large
portion.
As this was the final day for con-
version of the bonds into stock entitled
to rights" many Of the transactions
were on q cash basis and at higher
prices. About 10 per cent Of the orig
inal issue Of approximately $219,000,-
900 had been converted up to the close
of business Thursday. From indica-
tions today it appeared that about $10,-
600, 900, or less than per cent Of the
initial Offering, would be held out
through the neglect Of bondholders to
exercise their privileges. The stock
rights expire on, August I.
Other strong stock warrent bonds
were International Telephone 41as,
Philadelphia &, Reading IS, Baltimore
&. Ohio AVS, Allegheny Corporation SIS,
4eAdS ". OS anu ArcIlctdl 1IlcdtcES OS.
Except for st. Paul adjustments,
which touched a new low level. junior
railroad bonds were strong Features
In this group were Denver & Rio Grande
SIS of 1855, Missouri Pacific 41as, Erie IS
and Chicago Great Western Is. The
first mortgage rails and public utilities
were steady. The counter market for
these issues was restricted by the
exodus Of bond dealers today for their
annual outing.
In the foreign group the higher
premium on Japanese 51as gave q e
point profit to the Institutional buyer,
at the subscription price. There was
some evidence of accumulation Of Ger
man issues in anticipation of the new
loan, sharp rise in Bolivian Is and
weakness in the Peru IS.
It is now definitely decided that the
American portion of the German loan
will be $82 500 900, but the price is yet
to be fixed. It is expected that this
will be quite definitely known to men,
bers Of the American syndicate early
next week, and possibly tomorrow.
Evening star., 1930-05-23
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, Md, May 23.-Poultry.
alive-Chickens, springers, pound, 32s
40; Leghorns, 26ass; old roosters. l4a
IT: old hens, 26a27; Leghorns. 17a23:
ducks, 24a25; guinea fowls, each, 50a
IS: pigeons, pair, 30a35.
frsts, 81; hennery white firsts. %.
Butter-Good to fancy creamery.
pound, 34a36; ladies. 25a2s; rolls. 25a
28; process, 30a31: store packed. 20.
Vegetable Prices.
Potatoes, white, 100 pounds. 2.25a
800; new, buslel, 1.25a2.50; sweet po-
tatoes, barrel, 2.50a3.50: yams, barrel.
3.00a4.00; asparagus, dozen, 60a2.50;
hamper. 125a1.50; carrots, crate, 3.00a
450; cauliflower, crate, 2.50a2.75; cel-
cry, crate, 250a3.50; kale, bushel, 40a
rs; lettuce, bushel, 50a1 90; lima beans.
hamper, 5.50a6.00; onions, 100. LISA
$50; peas, hamper, 75aI.25; peppers.
o-ste, 2.50a400; radishes. 100. 1.00a
40; spinach, bushel, 35a60; squash.
Nshel, 1.25a2.00; tomatoes, crate, 2.50s
30; apples, bushel, 1.25a3.50; cans
.1Iloupes. box. 5.00a8.50; grapefruit box,
2.50a6.00; oranges, box. 4.50a9 90; pine-
ARPASoS SA0tC, N'oSoS'SVs
quart, 8a122.
Hay and Grain Prices.
wheat-No. red Winter. export
1.05A; No. Winter, garlicky spot
l.o7%; May 1.o7s4; No. 3, garlicky
no quotations
Corn-No. domestic, yellow, new
94a95; cob corn, new, 4.75a4.80.
Oats-No. 2 white, domestic, spot
54a541a; No. white, domestic, spot
52Haa53.
Rye-Nearby, T5a60.
Hay-ReceiptS, none. The general
hay market continues quiet under light
receipts, mostly by trucks, but ample
for the demand, which is limited.
While not enough hay is arriving on
which to establish values by grades OF
carload lots, the better grades of TIM
othy and clover mixed are In fair de-
mand at range of 1000 to $500 per
ton
straw-No. / wheat, per ton. 9.Ooa
1000; No. / oat, per ton, s.00a10.00.
Live Stock Market.
Cattle-Receipts, 100 head; light sup-
ply, market lower.
Steers-Choice to prime, none; good
to choice, l1.0o to 11.5o; medium to
good, 1880 to HOO; fair to medium,
CTS to 1000: plain to fair, 8.75 to CTS;
common to plain, IT'S to 8.75.
Bulls-Chocie to prime, none; good
to choice, none; medium to good, 500
to $50: fair to medium, TBS to 500:
plain to fair, $50 to 7.25; common to
plain, 800 to $50.
Cows-Choice to prime, none; good
to choice, none; medium to good, TOO
to 500; fair to medium, $50 to TOO;
plain to fair, 500 to 500; common to
plain, 400 to 500.
Heifers-Choice to prime, none: good
to choice, none; medium to good, 900
to 1000; fair to medium, 500 to 900;
plain to fair, TOO to 500; common to
plain, 500 to TOO.
Fresh cows and Springers, $50 to $110.
Sheep and lambs-Receipts, $50 head;
light supply, market higher. Sheep,
200 to 600; Spring lambs, 800 to 1850.
Hogs-Receipts, 400 head; light sup
ply, market higher. Lights, 1880 to
lilo; heavies, 1000 to 1890; medium,
1880 to lilo: roughs, 750 to ESQ;
light pigs, 1000 to 1850; pigs, 1880
to 11.00.
Calves-Receipts. IS head; light sup
ply, market higher. Calves, 600 to
l2.00.
Evening star., 1930-05-23

principal oil stocks. The intent IS IS not not
to recommend the purchase or sale Of
investor sae ,Ssn sas s ss ass n.
able him intellisently to chart his own
A holding company, Tidewater Asso-
ciated Oil, controls, through ownership
of over 81 per cent of the common
stock, both Tidewater Oil and Asso-
ciated Oil. Each of these two subsidi-
a.. aries is a complete unit in the industry.
Tidewater Oil operating in the mid
continent and Eastern feds and Asso-
ciated Oil on the Pacific Coast.
The holding company has no funded
debt of its own, but there is some $l6,-
soc, 900 bonds of subsidiaries outstand-
ing, including $l4,214,0 900 Associated Oil
per cent notes, due September !,
1885. Interest charges on this issue are
covered by a very wide margin, and the
note is a high-grade investment, selling
at or above the price at which it Is
callable. It has no speculative attrac-
ton and is interesting only to those
who want a short-term security.
Tidewater OIL, the common stock of
which Is practically all owned by Tide
water Associated, has per cent pre-
ferred stock of 500 par outstanding to
the amount of $19,944, 500. This stock
sells to yield around 5.3 per cent, and
the dlvldend thereon seems well pro-
tected. Payments on this preferred, OF
course, come ahead of any distribution
on the common stock, from which the
holding company derives a large part
of its income, SO that Tidewater pre-
ferred ranks ahead Of Tidewater Asso-
ciated preferred :.
The latter is per cent 500 par
stock, Of which there Is ever $4,000 y00C
outstanding This stock sells in the
market to yield almost z per cent, and
while earnings applicable to 1t In 1925
were over $l9 share, the stock carrie.
business risk, as the high yield indi.
Gates. The common stock is, Of course
entil ely speculative. Dividends are now
being paid at the annual rate Of GO
| cents a share, and the stock fuctuate.
| in market price mere or less with senti.
ment toward the outlook Of the oil in
dustry as whole.
For the first quarter of 1880 the hold
ing company reported earnings equiva.
lent to 19 cents q share on the common
Net for this quarter was 81, ,165 .387
against $l,613,671 in the same quarter
Of 1929. The present outlook is favor
able.
Evening star., 1930-05-23
POTATO MARKET.

CHICAGO. May % lHp.- Omitted States
Department Agricultural Potatoes, SO
new. SO old; on track, 173 new, TO old;
total United States shipments, 1,131 car
loads: old stock, weak, trading slow;
Wisconsin sacked round Whites. 2.65a
2.80: Idaho sacked Russets, 3.50a3.70:
new stock, weaker, trading fair: South
ern sacked Bliss Triumphs. best, 3.25a
$50; ordinary to poor, 2.S0 pp.
Evening star., 1930-05-23

Sales OF Stocks New York Exchange
1880 AM...... 35OS00 1890 Noon. I06s
l:so Pm. ......I.53O 600 sac Pm. 1752lO0
above table the
able In stock. Plus of stock Plus
Plus az stock Plus so in stock Plus 80 Plus
Evening star., 1930-05-23

MISCELLANEOUS.
Barber & Ross. Inc com. ..... l6 10
Chevy Oh. Dairy pfd. tO.....si0S 1903
Col. Sand Gravel pfd o.. % 96
Q; G Paper Mfg pfd. .......... IS 90
Dist. Natl. Sec. pfd. (D...... IS S5
Emer Bromo Seltzer "A" (l2. 81 80
Federal Storage pfd d.. ll0 l25
Federal-Amer. Co. com U.20D. 80 80
Fed. Am. Co. pfd. t6). ......... 100 l04
Lanston Monotype t8 8........sl22 1873
Merch Trans & Stge. com uDl 109M ll0
Merch Trans & Stge pfd :, (O 100 l02
Mergenthaler Linotype (7n). 49,. lO24 l04
Natl Mtge. Inv pfd ;;..... 4h 4sz
Real Est M & @. pfd iSj ..., 7N
Security Storage f4e) -, ia llS
Ter. Ref. & VIII. Corp (O .... 47h 50
The Carpet Corp U.50) ..,. 26 28
Wash. Mech. Mtge. com. (S) -, 91a 10
Wash. Med. Bldg Corp ~ 90 100
Wdwd. & Lothrop. pfd. o.. 100 ll2
sEx dividend Sac extra
Books closed. y2Ia% extra
n25c extra. g3Te extra
f30c extra. h4T. extra
slfs extra. t5Es extra
sls% extra. wiWhen issued
IJulisfad nao.~%ro>ns
Evening star., 1930-05-23
PARIS BouRsE PRICES.

PARIS, May % (R.-Prices were
easier on the Bourse today. Three per
cent rentes 81 francs 95 centimes. Five
per cent loan, 101 francs IS centimes.
Exchange on London, 1913 francs 92h
centimes The dollar was quoted at IS
francs 1924 centimes.
Evening star., 1930-05-23
Department.
BONDS,
U. S. TREASURY BALANCE.

The United States Treasury balance
announced today as of close Of business
May 81 was sl16,9l0, 1871. Customs
receipts for the month to date were
3.s2l,776e6: Total ordinary expen-
ditures, $5.6s2,efs.70.
Evening star., 1930-05-23

SILVER QUOTATIONS.
NEW YORK, May % tR.-Bar silver,
40ia.
Evening star., 1930-05-23
Washington Stock Exchange


Washington Gas 5s-$4,000 at 103A.
Capital Traction-10 at 701a, 80 at 10,
10 at 70, 10 at 20, SO at >701s.
Norfolk g. Washington Steamboat Co.
10 at 262. 10 at 264, 10 at 265, 10
at 265. ..a
National Bank Of Washington-10 at
255.
Carpet Corp.-5o at 26H. q,
AFTER CALL.
Norfolk & washington Steamboat Co.
SO at 266.
Potomac Electric IS 1e53-$1, 900 at
10812.
Capital Traction 5s-$4, 900 at 95Ia.
Norfolk & Washington Steamboat Co.
10 at 265.
UNLISTED DEPT.
Chapin-sacks go pfd.-11 at 1051a.
BONDS.
nsl - A-I-l
Evening star., 1930-05-23
Oil Stocks
BY GEORGE 7. HUGHES.

(This is the twenty-sixth of q series
OF brief analyses by Mr.. Hughes OF the
to recommend the purchase or sale Of
any particular stock, but to give the
investor such information as may en-
able him intelligently to chart his own
courseD
New Britain herald., 1930-11-12
WINNIE DECLARES
 FEES MUST DROP
Doctor Sees State Regulation as
 Only Other Remedy

New York, Nov , P)-Dr. Shir- ley w. Wynne, New York city health commissioner, was on record today with the assertion that the medica, profession must give public qualified treatment at reasonable prices or face the possibility of state regula- ticn.
 He told conference of public health and nursing service board members from six states last night that the medical profession must purge itself of members who are ''as bad as any of the quacks and char l&tans outside" if it is to retain pub lie confidence. He charged that the great mass of the white e-collared" class receive ''poor medical service at an eXorbitant cost"
 The solution of the problem lies either with the doctors organizing among themselves to supply quail fled service at q fixed fec, or pub lie demand for state medicine said Dr. Wynno. "Our people need and want efficient medical assistance at prices within their means, and they dc not always get it."
New Britain herald., 1930-11-12
HURLS SELF TWICE
 IN FRONT OF CARS
Teacher Of Hebrew, Hit in Second Attempt, in Hospital

Leon Starr of SAG Stanley street, 50 year old teacher of Hebrew, can thank his lucky stars that he is alive today after, the police say, he had made two unsuccessful attempts to end his existence by throwing him. self in front of two moving automo- piles shortly after II o'clock last night in the vicinity of Stanley and Chestnut streets,
 His first attempt failed when Carl J. Berg of Hartford saw him hurl himself into the path of Bergs auto in time 10 bring the car to stop before striking the man. A question as to whether he was hurt was an- swcred in the negative and the man walked away. Thinking the incident singular the man reported his ex perience to Policeman stephen Cof- fey whom he met patrolling the neighborhood.
 Coffey watched Starr and saw him stop at the northeast corner Of Stanley and Chestnut streets and awaiting the passing of trolley car which was going east on Chestnut street. After the trolley had passed the officer noted Starr walk to the opposite side of the street and a mo- ment later saw him throw himself into the path of another automobile which was being driven north on Stanley street by Henry T. Mullin of 33 Court street.
 The Mullin auto struck the man and knocked him to the pavement Rushing to the spot the officer with the aid of the driver picked him up and took him to New Britain Gcner- al hospital in another auto which was being driven by Catherine Riley of 326 Washington street.
 Starr remained conscious and steadfastly refused to advance any reason for his actions.
 shortly after being admitted to the hospital he asked that his wife be sent for.
 Hospital authorities report that Starr is suffering from body bruises and a head injury but his condition is not considered dangerous.
New Britain herald., 1930-11-12
Flashes of Life

By the Associated Press.
 New York-lt will be a merry Christmas. Some 1l.0Q0,o0o mem- hers of Christmas clubs run by 5000 banks in the United States are to have s612. 2.000,000 available shortly, it is estimated by Herbert R. Rawli, banker. The total saved is the larg- est ever
 London-THenty- -one Freemen of the city of London are living in pow erty. They are the last survivors of the Fellowship of Porters, incor- porated in 1155 and disbanded in 1894. Every member had to be a Freeman of the city. The only prlvl- lege of Q, Freeman is to be hanged by a rope of silk, instead of hemp, should occasion require,
 New York-No Oriental potcntate ever carried so much gold as the Eastern Prince, a steamship which is bringing from Buenos Aires 1G0 kegs containing 40G,000 American eagles and 3S kegs of soycreigns and gold Napoleons, the total values at s5000,000.
 Lima. Peru-Augusto B. Leguia, who was president of the republic of Peru had a gold crown. It has been found in his safe by the police who are Investigating charges of of ficial misconduct,
 New ork-Gin6er ale with crack cd ice, s7 a bottle. Two police de- tectives testified as to what is charg- cd at the night club where Texas Guinan is hostess. Their bill was $l4 just for the ice and two bottles
 Reseda. Calif-A chicken ate a S1,o60 diamond from Mrs. S. s. Longs ring when she was throwing corn to flock of 250. Mr Long decided that he would eat a chicken day and by the law of averages it would be necessary to kill 125 at the most. The diamond was found in the crop of the 120th to be killed.
 Philadelphia-A hurdy gurdy is to decorate the barn on the Virginia estate Of John Hay Whitney and his bride, the former Mary Elizabeth -tltemus. It makes no music. Ii 'oilHiStS ol two tiFtleS or TldCS on painted horses which turn with q crank. The 70 year old hunters hu dy gurdy was brought for the honeymooning horse lovers by the brides mother.
 New York-The American Asso- clation of Master Locksmiths intends that nothing much but love shall laugh at locksmiths. It seeks 10 have master locksmiths licensed by law and to have Q rule that no locksmith snail make keys for anybody who , cannot prove right of possession.
New Britain herald., 1930-11-12
GIRL SCOUT NEWS

Girl Scouts of Troop 16 will have crafts club Saturday morning from 10 to 11:30 o'clock at the home of Miss Elisa beth Fox, 140 Fairview street, captain. The girls who are in this club will make stuff cd dolls. bracelets, letter openers and different things from cloth and silver.
 The girls have already made 59 stuffed cats for Christmas gifts.
 The inter-patrol standing is as follows: Squirrels 313 points. Cubs 29S points, Elks SIG points and Eagles 341 points. The Eagles have gained IFS points since the last meeting
New Britain herald., 1930-11-12
Publishers Entertained
 At Georgia Convention

Sea Island, Ga. Nov. F {Pl - Members of the American Newspa- per Publishers association, in con- rention here, looked forward today 10 enjoying the hospitality Of How ard Coffin, capitalist, who yesterday gave their wives yacht trip to his Sapelo Island retreat.
 The women visitors were enter tained at the Coffin home by Mrs. Coffin.
 A final afternoon business session was to follow a tour of the 6e,0hp acre Coffin hunting preserve and in spection of historical points of h. tercst.