davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
Commerce Department Re-
ports Show Moderate Re-
vivaI in Industrial World.
BUSINESS VOLUME GAIN
RECORDED DURING WEEK
Check Payments Nearly 2 Per Cent
Higher Than Those Of Pre-
vious Period.
BY the Associated Press.

BY the Associated Press.
Business conditions In the United
States as summarized in Government
figures for the latest week on which
data has been compiled, showed definite
increase of activities. Increases in
production in several lines, increases in
checks drawn on banks, and increased
building activity were included in the
showing.
1.-THE volume of business for the week
ending April 10, as indicated by check
payments, was nearly per cent higher
than for the previous week, but about
3 per cent lower than the same week in
1929" the Commerce Departments
summary Of the business situation at
home and abroad said Of the period.
Steel Operations.
Operations in steel plants during the
latest reported week were the same as
two weeks ago, and little higher than
one week ago, but below last year. Pro-
duction of bituminous coal was less
than last week or the same period in
1929. Petroleum production was slight
ly greater than a week ago and showed
decrease Of about 2 per cent from a
year ago.
1.-THE value of building contracts rose
more than II per cent over last week
but was less than for the corresponding
period of last year.
1.-THE general index of wholesale prices
was fractionally less than last week and
6 per cent below that for 1929 There
was very little change in the composite
iron and steel price from last week, but
1t was more than 6 per cent lower than
last year.
Bank loans and discounts at the end
of the week were about the same as a
week ago. Prices for stocks remained
about the same for both periods while
bond prices were very slightly below last
week and fractionally higher than in
1929. Interest rates remained I'M
changed from a week ago, but still about
so per cent lower than year ago."
Foreign Situation.
From Canada, the summary noted as
signs which point to an improvement
in trade" the opening of Great Lakes
navigation, better collections and more
active. factory operations. Mexico,
among neighboring countries, was
classed as showing dull conditions dur
ing late weeks.
India was added by the review to the
list Of world countries experiencing I'M
favorable trade and employment this
Spring, specific cause being assigned
in the disturbed and semi-revolutionar
state Of its politics.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
BRAZIL LOSING GOLD
BY U. S. PURCHASES
Heavy Movement of Metal to New
York on Eve of Coffee
Loan.
Special Dispatch to The star.

NEW YORK, April 26.-The In
coming stream of gold, which this
month will exceed the March total of
imports Of SIS 1853, 900, Is one Of the
anomalies of the exchange situation, in
that 1t is subtracting from the gold
supply Of Brazil, which needs it, and
adds to that Of the United States, which
already has much more than Is re-
Quired to maintain the strong financial
position of this country.
The movement from Brazil now cur
rent amounts to $45, 0O0, 900, and comes
on the eve Of the So-called coffee loan,
which will be distributed among in
veStorS here and in Europe.
After the break in stocks last Novem-
Der there was heavy outward move
ment Of gold to Europe, amounting in
November and in December to $102,-
100000. This eventually found its way
into the vaults of the Bank of France,
the Bank of Germany and some of
it into the Bank of England.
France now boasts of having a very
high ratio Of gold to all of the gold in
the world, but there Is considerable
comparatively little use is being made
Of this credit in restoring the broken
down conditions in trade and in
finances elsewhere.
Since the first Of this year there
has been a reversal in the tide of
gold due to imports into this country
from Japan and South America, which
in the March quarter were $685. 900
and to the end of April will be nearly
$160,000,000. There have been times
when the rate of exchange seemed to
threaten London's gold supply, but
compromising conditions have so far
permitted this to remain intact and to
be built up to very satisfactory figure.
The effect of the gold now being re-
ceived in this country is naturally that
of further easing in money rates, but
as the commercial demand for funds
is low and, in spite of the steady in
crease in brokers' loans, Wall Street
accommodations are liberal, the situa-
ton is not one that compels additional
imports of the yellow metal. So a
secondary outward movement would not
be displeasing to the banking COM
munity.
(Convri9f1t. 1Q3nl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
COTTON SHIPPERS SEEK
PARLEYS WITH BOARD
BY the Associated Press.

bJ ASooCldtco EIcSSs
MEMPHIS, Tenn. April 26.-The
today adopted q resolution authorizing
appointment Of a committee by the in
coming president to seek friendly con-
ferences with the farm board" and take
any other action it may deem necessary
in connection with requests that the
association demand congressional in
vestigation Of the farm board and allied
co-operatives.
The resolution was recommended by
the associations cotton economics COM
mittee, which had debated proposals
that the association ask a congressional
investigation. The Southern association
and the Memphis exchange had charged
that market manipulation" by the
board and affiliated co-operativeS
damaged the shippers and the market
In general.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
POULTRYMEN ARE URGED
TO PARE DOWN COSTS
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, April 26-Maryland
poultrymen during the coming year
may well devote effort to lowering pro-
duction costs and improving market
quality Of their eggs, together with more
efficient marketing methods, rather
than expansion In the number Of birds
kept, as the outlook is for somewhat
lower prices, according to q report is
sued by the University Of Maryland ex-
tension service.
According to the report, feed prices
will likely be lower, so the egg-feed price
ratio should remain fairly constant.
There were so per cent less eggs in
cold storage on January / than at the
same time last year, and AZ per cent
less than the five-year average, the re-
port says. Storage operations have been
profitable and have exerted favorable
influence on the market during the past
Fall and Winter, and this condition
promises to continue.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
LARGER WHEAT CROP
THAN IN 1929 LIKELY
special Dispatch to The star.

Special Dispatch to The Star.
KANSAS CITY, Mo-, April 26-The
first third of the year has spanned some
trying months for the farm country,
yet trade has on the whole made
gains in business in late Winter and
early Spring off setting the rather
marked shrinkage of the turn of the
year.
While lacking any briskness, mer-
chandising throughout the interior is
broadening and its volume seasonal as
to lines now in demand.
Cooler weather with scattered showers
has kept wheat growing and the present
indication for the Southwest Is for
308, 400 900 bushels in Kansas, Missouri
Oklahoma, Texas, Colorado and Ne
braska compared with 302, 1853 900 last
year and 1856, 100000 in 1928.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
Takes Credit.
RESERVE BOARD STILL
TALKS OF SPECULATION

THE protection of Federal Reserve
credit against diversion into channels
Of speculation constitutes the most
difficult and urgent problem confront
ing the Federal Reserve system" Fed
eral Reserve Board says in its annual
report for 1929. The practicability
Of direct pressure" as a method of
control was demonstrated last year,
the board adds, referring to its famous
February z, 1929, warning. While not
declaring that direct pressure" will
again be used, the report leaves the
distinct impression that the board was
satisfied with the results of its Feb
ruary 2 action.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27

own, which is DOM
inant with this
country by far the
chief producer, are
watching with in
tense interest the
unusual movement
to lower values that
has been underway
for sometime.
It is admitted
that it may be nee
eSsary to cut the
annual dividend
rates Of the two
great producers,
Anaconda and Ken
nicott, while many
contend that even
with the slash, pres
ent prices more
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
POWER
OUTPUT INCREASES
Gain in Consumption Occurs
This Month-0utIook
Appears Good.
BY J. C. ROYLE.

Despite the slump in industrial pro-
duction, the consumption of electrical
power is showing decided improvement
over recent months. The average con-
sumption daily is approximately $780,
000,0 900 kilowatt hours. This compares
with an approximate daily average of
254, 100000 in February.
There has therefore been q gain in
efficiency and mechanization despite
the drop in industrial production. The
power consumption figure is about as
accurate an indicator Of the promising
future of the electrical industry as could
be found.
Sees Output Doubled.
The industry is not yet so years old,
and 20 per cent Of its growth was made
in the last 10 years. Matthew S. Sloan,
president Of the New York Edison Co.,
predicts that the present daily output
will be doubled within the next seven
years, with q consequent doubling of
plant capacity.
This means that practically every bit
Of electrical central station equipment
will be scrapped and replaced at least
once in the next seven years, and some
stations will be rejuvenated twice or
thrice, since even today stations built
five years ago are regarded as obsolete.
What this means to the electrical
equipment industry is almost impossible
to compute. At least it indicates an
output during that time Of several bill
lion dollars.
AS yet only IS per cent Of the cleo
trical energy generated comes from
water power. Fuel-generated current
will never cease to be q factor, accord
ing to Government officials, since it
will be needed In increasing quantities
to supplement hydro-electric power In
times Of low water.
Mass Production.
Secretary Of Commerce Lamont and
Mr.. Sloan both place extreme I'M.
portance on the development and main
tenance of mass production as a factor
in business prosperity. Mr.. Lamont
states that mass production depends
on SteadinesS of employment. Mr..
Sloan agrees with this but goes still
further, stating that it is electricity
which moves the machines which make
the goods in mass production. 1t is
the American policy, he adds, to pay
labor In ratio to output, and as a
result Of the aid of electricity the
than those paid in any other country
twice as high as the rate paid in the
next most prosperous nation"
"Our job" Mr.. Sloan declared, must
always be the seeking Of ways to make
it cheaper to use electricity than not
to use it." He predicted an annual
consumption of 100000, oo0,0 kilowatt
hours in 1887, or sooner. He finds no
saturation point for the consumption
of electricity in sight.
(Copyright, i930)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27

operators, the costs are still prohibi-
tive.
Bearing this in mind, it Is not sur
prising to find real estate bond prices
on the recently established New York
Real Estate Securities Exchange show
ing an average yield as high as tx and
8 per cent for medium grade issues and
between 512 and 615 for the best grade.
Some sizeable rail equipment issues
are expected shortly. They will come
at good time, as there is always good
demand for this classification of bonds
and just now there are hardly any In
the market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
SHARES TO BE LISTED.

The 247, 489 additional shares of
Chesapeake & Ohio Railway common
stock, which will be listed on New York
Stock Exchange when action Is taken
on pending application, represent the
shares which will be exchanged In
acquisition Of Hooking Valley Railway.
The Hooking shares are being acquired
on basis OF 2H @. & O. shares for.
each Hooking share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
STOCK FOR employees.

Pennsylvania Railroad has asked
Interstate Commerce Commission au-
thority to issue and sell $4,000, 900
$50 par common stock to officers and
employees ct par. Stock will be paid
for in monthly installments deducted
from salaries and the proceeds are to
be used for corporate purposes. The
issue, it is estimated, will net about
$6,0o0,0 900 In 1890 to the Pennsylvania
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27

Association in 1927-1928 and as presi-
dent of the organization in 1928-1929.
He was vice president of the Richmond
Reserve Bank Stockholders Association
last year. Many washington bankers
were present at the annual meeting the
other day when he was elected presi-
dent.
During the World War Mr.. Beattie
served as county food administrator;
chapter chairman, American Red Cross;
county chairman, second liberty loan
campaign, and county chairman, war
savings stamp campaign. He is mem
Der of the Protestant Episcopal Church,
the Chi Psi Fraternity, is married and
has three children.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
BUILDING PERMITS.

Value of building permits issued In
Baltimore this year to April totaled
$685., 500. This total, however, does
not include the 20 allowed for under
valuation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
Business News
in
Retrospect
The Copper Stocks Should
Make a Speedy Recovery
as Soon as Conditions in
That Industry Are Re-
stored to Normal.
BY 1. A. FLEMING,

Washington people, and for that
matter investors and some spectators,
familiar with the situation in the worlds
copper markets and especially in our
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27

Savings Deposits Gain.
Savings deposits are increasing stead
lily, and high-grade bonds are wanted.
There have been so many closures I'M
der deeds Of trusts in this district,
where returns have not been sufficient
to care for the loans that they are sup
posed to cover, that real estate bonds
are subjected to very close examination.
Takes Credit.
The Federal Reserve Board, in its re-
port to Congress, takes credit for aiding
in bringing about the liquidation of
brokers' loans through the various
warnings sent out-warnings that Jared
Wall street and caused many caustic
remarks as to the duties and rights of
the board to mix In security matters.
The statement that the banks were
In good condition after the big break
may be true as to our large city insti-
buttons, but there were many interior
banks holding the bag and worrying
desperately.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27

Meanwhile the market Is far from
being q gauge of the cost of money
in other directions-real estate, for
instance. While there was an instance
during the week of the financing of a
large building in New York at a cost
of So per cent, this was exceptional.
One building loan was put out at a
cost Of over TN per cent, and dealers
complains that In the case Of less known
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
VETS STRENGTH
! DECLARED FAILING
w. c. T. U. Head Says Only
108 of 531 Legislators
Are Against Prohibition.

By the Associated Press.
CHICAGO. February Airs. Ella A.
Rool, national president of the Wom-
ans Christian Temperance Union, de-
clared in a letter Sunday that the
vets responsible for the noise" in the
present prohibition controversy in Con-
gresS can claim only about one-f1fth
the membership of both houses.
The opponents of prohibition have
owindled, she set out. until of the SCI
national legislators they number only
108, and a fifth of these come from
New York City. :
Underneath the noise" Mrs. Bool
stated. 1.-The Hoover administration, dry
and determined to carry out enforce
ment of the eighteenth amendment, Is
moving ahead effectively. The Presi-
dents Commission on Law Observance
and Enforcement will remove much Of
the interfering legal rubbish. Court
congestion will be relieved and crimi-
mails will have less chance of escape
through delay and technicality.
state and local enforcement must
be strengthened. Too much civic ap-
athy Is attached to local enforcement,
but State enforcement codes in the
main are stronger than the national
prohibition act. Opponents of prohibit
ton have no program and have offered
no remedy"
The letter was addressed to State
presidents of the organization.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
OUTGOING STEAMERS.
SAILING TODAY.


SAILING TODAY.
Cristobal-Port au Prince and Cristobal.
SAILING TOMORROW.
Caronia-Havana.
De Grasse-Havre.
Fort ST. George-Bermuda.
sixaola - kingston. Cristobal, Cartagena,
Puerto Colombia and Santa Marta.
CaTacas-san Juan. La Guayra. Puerto
Virginia-Kingston.
Ala-Antwerp.
Express-Piraeus
Marsland-MeliIla.
Yaka-OdeSSa.
Bogota-Porto Colombia.
Susan V. Observation-Disclosures Coast.
SAILING THURSDAY, FEBRUARY G.
Aconcagua--Cristobal,C allao and Valparaiso
American Merchant.-London.
Araguaya-West Indies cruise.
Arcadtan-Bermuda.
aaq san ara
san Lorenzo-San Juan and Santo Domingo
Nerissa-st. Thomas, Barbados and Trini-
Haiti-Haitien ports.
Polycarp-Para.
Observation-Disclosures cruise.
george MashinEton-Plymouth, Cherbourg
segsporsck@Hesisinsfors
Ubia-Bahia.
SAILING FRIDAY. FEBRUARY 2.
lie de France-Plymouth and Havre.
hsh caS and 1 HGDs
Southern Gross = Rio de Janeiro, Santos,
. MonteVideo and Buenos Aires
Munargo-Eassau.
Bacchus-Port au Prince.
SAILING SATURDAY, FEBRUARY Q.
Acultania-Cherbourg and Southampton.
Carmania-Havana.
Antonia-Cobh and Liverpool
OBSERVATION-DISCLOSURES and Glasgow
Aurania-Plymouth, Havre and London.
Silvia-Halifax and st. Johns
Bermuda-Bermuda.
NEUTRALITY-SUSPICIOUS.. Southampton ard
Hamburg
Gonte Grande-Gibraltar, Naples and Genoa.
Ponce-San Juan.
Toloa-Havana, CristobaI and Port Limon.
Orizaba-Havana.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
Mayor Heads Mexican Rebels.

MEXICO CITY, February 4 R'-
During rodeo at Ixhautlancillo, Vera
Cruz, a band of agrarians headed by the
mayor Of the town turned on federal
troop detachment and killed Col. Her
man Egildo Rosas, Capt. zenon Coma
lie" and one soldier. Troops fought on
the attack and captured six OF their
aSSailants
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
WOMAN POET DIES.
Mrs. Sara L. oberholtzer, 80, Was
Friend of whittier.

PHILADELPHIA, February 4 F.-
Mrs. Sara Louise Oberholtzer, 80, poet
and author and intimate friend of John
Greenleaf Whittier, died at her home
here Sunday.
She was the author of a novel,
Hopes Heart Bells" and Of many
also wrote the Burial Ode" which
marked the funeral services of Bayard
TAYLOR. Mrs. Oberholtzer's husband, a
Philadelphia merchant. died 20 years
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04

ago. She is survived BY two sons, Ellis
paxton Oberholtzer, q historian, ana
victor Oberholtzer. formerly proIeS.
sor In chemistry in the University OF
Pennsylvania.
The Washington times., 1930-03-24
Another Gangster Found
Near Oherta Death SpOt

CHICAGO, March "a UN.S).
Police today partly identified the
body Of q man found slain near
the place where John "Dingbat"
Oberta was put on the "spot" as
a minor hoodlum employed by
the Salts gang to which Oberta
belonged.
The body was found yesterday,
wikh. SavaNaT hElIIa&a H ~ q
The Washington times., 1930-03-24
WIRE LOBBYING
PROBE ASKED

The Senate lobby committee
was asked today to investigate
alleged activity of the Western
Union Telegraph Company in
soliciting kilograms to Senators
on the tariff bills.
Senator Nye (R) of N. D.,
demanded this inquiry after an
nouncing to the Senate that
Minneapolis lumber dealers had
been solicited by the telegraph
company to send kilograms to
their Senators urging a high
tariff on lumber. Nye protested
against this lobbying activity
by the telegraph company.
Nye produced a score Of tele-
grams from the Minneapolis
dealers, telling of the company's
solicitation. They were referred
to the lobby committee.
The only opposition to Nye's
request was firm Senator Dill
CD Of Washington, who charged
that sending kilograms to Sena-
tors, telling them how to vote,
is no new thing" The kilograms
were all referred to the lobby
committee for action.
The Washington times., 1930-03-24
7 RACT[ON
TAX CUT
URGED

Chairman Mason M. Patrick,
Of the Public Utilities Committee
presented before the House Dis
trict subcommittee today a new
proposal contemplating free or
reduced fares for school children
on the street cars, accompanied
by reduction in taxation against
the companies to offset the losses
thus sustained.
At the resumed hearings on the
street car merger bill, General
Patrick said that this legislation
for free or reduced fares for
school children is to be enacted
lin simple justice to the compan.
les, whose loss must be made up. >
He added that this could be done
in but one of two ways, author
izing a higher fare for adults or
by general taxation.
Cut Tax 2 Per Cent
He then proposed that the COM
panieS which now pay per cent
tax on their annual gross reve-
nues be relieved Of the extra bur-
den Of free or reduced fares by
reducing this tax to 3 or 2 per
cent.
1T is repeated" said General
Patrick, that if school children
ought to be carried free some
such legislation is probably i'm
perative."
At the hearings Saturday sew
eral witnesses were heard and the
subcommittee indicated that it
might conclude the hearings to-
day with further testimony from
John j. Noonan, local capitalist,
who presented witnesses in advo-
cacy Of free car fares for school
children. Noonan has conducted
campaign at his own expense to
urge Congress to enact and the
street car companies to agree to a
free fare amendment to the mer-
ger bill.
Representative Mcleod, Subcom-
CONTINUED on Page 2, Column s.
The Washington times., 1930-03-24
BUREAU.
IS ACCUSED
Photo By tIoaaI

Charges that the Bureau of
Indian Affairs was favoring the
bid of the Rocky Mountain Power
Company for the Flathead power
Sites. known as the Muscle
Shoals OF the West" against in
dependent bidders, was made by
Walter Wheeler, Montana power
man. before the Senate Indian
Affairs Committee today.
Senator Wheeler CD of Mon
tana, a member of the committee,
told the committee the Rocky
Mountain Power Company con-
trols the Montana Power Com
pafy and in turn is owned by
the Anaconda Copper Mining
Company.
~. Henry Scattergood, assistant
Indian Commissioner, has made
a specific and earnest effort to
persuade me to make a deal with
the Rocky Mountain Power Com
pany and retire from the field as
a competitor of the Flathead
power Sites" Wheeler testified.
The assistant commissioner OF
Indian Affairs is consistent with
the act and procedures of the
Federal Power Commission since
the time when my application
for a permit was filed, down to
the present day. My application
has been handicapped through a
series Of overt acts by the COM
mission or it's agents: tentative
decision to grant the sites to my
competitor was arrived at and
announced on the basis of an
alleged investigation conducted
before I entered the field, al
though purporting to deal like
wise with my application.
"The rental Set-up transmitted
by the Secretary of the Interior,
has the effect of placing an
overwhelming handicap on any
independent and bonafide com
petitor of the Rocky Mountain
Power Company and further of
encouraging the holding of the
Flathead sites by the Montana
Power Company, if it obtains
the license, with a minimum
instead of a maximum develop
ment and at a minimum instead
OF a maximum revenue to the
Indian tribe"