davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-23
i. S. SUBS PLANNED
HALF SIZE OF VS..
Two Craft Soon to Be Laid
Down First UninfIuenced
by German Design.

BY the Associated Press.
The next two submarines to be built
by the United States will be, on the
present plans, the first American under
sea craft since the world war uninfiu-
enced by German U-boat design.
The two vessels soon to be laid down,
are the va and We. Less than half
the size of the newest American sub
mersibleS, they will retain the speed Of
the larger craft, equal offensive strength
and improved Availability. Their dis
placement will be LOO tons apiece.
Naval officials pointed out today that
at the expiration of the London naval
treaty, in 1886, only IL of the existing
e-type boats and V-type boats-aggre-
eating about $4,000 tons-will be under
the 13-year age limit set b. the treaty.
For Larger Submarines.
Faced with the necessity of obtaining
as much strength as possible under the
52,700 submarine tons allowed by the
pact, naval designers cut loose from the
German trend toward larger subma-
rines.
The 1,100 tons displacement Of the
va and V-9 will compare with the
2,730 tons of the new We.
The present American submarine feet
consists of 40 S-boats and 6 V-boats
Most of the former were constructed
between 1916 and 1920 when the inf1u
ence of the German U-boat upon con-
Struction was strong.
All of them are comparatively small
displacing only 800 tons and capable of
a surface speed of Is knots and a sub
surface speed of knots.
Construction of the V-boats began in
1919. Only a short time before Ger
many had thrown against the allies
formidable type of new submarine,
larger and capable Of cruising longer
distances from its base. Thus the first
V-boat jumped to 1910 tons. The W.
and VS. followed. They were capable
of 19 knots on the surface and 8 knots
submerged.
Larger Craft Criticized.
The next submarines constructed by
the United States were even larger, the
VA, mine layer, displacing 1880 tons.
Then, in 1927, the largest submersible
of all were laid down. They were the
VS. and VS., displacing 2,730 tons, with
the cruising speed of II knots and
submerged speed of 8 knots.
Considerable criticism of these craft
was expressed by naval experts and the
VT, now being constructed at the
Portsmouth, N. H., Navy Yard, will dis
place only 1850 tons.
The two undersea boats now planned,
however, will cut this figure consider
ably. In addition to changes for safety
and improved fighting ability, they will
offer a bunk for each of the As crew
members and the officers, as well as
shower baths.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-23
INQUIRY HOLDS JEWELER
KILLED SELF ON SHIP
Death of ohioan Found Hanging
in State Room Is Investigated
by Federal Men.
By the Associated Press.

BY the Associated Press.
LOS ANGELES, February 23-Fed-
eral investigation of the death of Henry
Sammartino, youngstown, Ohio jeweler
found hanging In his state room aboard
the liner Pennsylvania was closed yes
terday after officers had questioned
members of the ships personnel.
The Federal men said they were sat-
isfled Sammartino had committed sui
eide, his act resulting from melsncholia
and illness after protracted drinking.
The government inquiry was pa.,ed
on advices from youngstown that a
post mortem there had disclosed a Scull
fracture. The cause of the injury had
not been determined, but the officers
said they did not believe it was cause
of death and apparently had been suf-
fered afterward.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-23
MEXICAN RUNS AMUCK
Kills Police Patrol Driver After
Shooting Up Several Homes.

SAN DIEGO, Calf, February %
R).-After shooting up several homes
between Tijuana and Aqua Caliente
In old-time Western fashion, Alberto
Ferado, Tijuana City employe, shot
driver and severely wounded Pablo
Cessna before he was arrested by a
riot squad in Tijuana last night.
Flying bullets were reported to have
injured several Mexicans.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-11

car which was waiting for them and disappear
round the bend. The gendarmes came up half
an hour too late. If they've ordinary luck and
telephone to all stations ahead, they ought to
pick them up"
what were they like?" some one asked
eagerly.
"One of them might have been the man who
threw Urquart," Peter Hames reported, little
doubtfully THE other couldn't even catch a
glimpse. He was a smaller man. and he seemed
the more terrified Of the two. say, let me ask
a question now What did the young man who
got into Pontifexs office clear up?"
Half a million dollars worth of American
negotiable bonds" was the portentous response.
ANY other news from this end?" Peter Hames
inquired.
How could there be?" one of the party re-
joined. You saw the last Of the robbers trek
king through Italy"
"If they the robbers" Peter Hames med
itated.
Sir Richard came stalking across the little
square of garden! His complexion was more
rubcund than ever.
$50 there you are, young fellow!" he greeted
Hames where's my money!"
mo luck" was the regretful reply. 1T caught
up with the two men was after though.
watched them drive off, but was on the wrong
side of the frontier"
Sir Richard lifted his hat and wiped the per-
spiration from his forehead.
"Gad!" he exclaimed. That was a close
shave! Do you realize, you fellows, that if Ur-
quart hadn't stopped to shake hands with me-
those notes would have been in my possession,
and then should have been the loser-a mill
lion francs and 10000 pounds"
1t Sybil Christian who handed Peter
Hames his cocktail that night in the strange
bourgeois little restaurant at the end of the
shabby street.
After your strenuous day." she said, you
deserve even better food than they can offer you
here Still, they have done their best"
"Fcod is a good thing" he replied but more
than anything else in the world was looking
forward to seeing you again."
Don't begin by disappointing me-" she beg
ged. I'VE above that-you and I. We have
our one consuming hobby which we happen to
share, and which is more interesting than any
sort of philandering folly"
IT am no philanderer," he declared indig-
nantly.
Don't you often pose as one?" she rejcined.
Now be serious. Tell meas man to woman
why did you turn back from the frontier and
abandon the chaser"
His expression was one of blank bewilderment.
What else could I do?" he demanded II
have more respect for the Italians than I had
I do not think that any single man could bluff
or fight his way across that frontier. They
address you with loaded rifles, those carabneri
I have no fancy for being the wrong side of
an argument with man who carries a loaded
gum
so you watched the prey escape" she re-
fected "You could think of no arguments
no words to melt those uniformed officials?
You stood like good little boy, obeyed orders
and watched the criminals drive off to safety"
IT am not of the police" he reminded her.
1.-THE affair not mine. The gendarmes
arrived even while was there. 1t was for them
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-11

to beg or fight their way through. They could
learn the truth as easily as l."
Good fish, this" she remarked. sampling her
salmon trout
Excellent" he agreed
With it," she confded, II have ordered q
half bottle of this hook. Try it. believe It Is
good The champagne is to follow"
Il admire your taste" he applauded. 'Lieb-
fraumilch '2l-you have given me Of the best.
Let us talk of food and wine. No fish, for In
stance, has such curious habits as the salmon"
tITHANK you" she said coldly. "I did not
order you an expensive dinner to discuss
the habits of a fish. I wish to talk about
the robbery
You could scarcely choose" he told her. "a
more fascinating subject. Notwithstanding
what you seem to consider my cowardice at
the frontier, the affair on the side Of the
criminals, at any rate, was triumph in
technique. A bank robbery without shot
fired, FOSTERING villains, no pale-faced
thugs shooting holes into defenseleSs citizens.
A huge effort at humor, that is what it might
have seemed, with Sir Richard chuckling him.
self into apopiectic fit because by matter
of two seconds the bank lost the money and
not he That vision. too of Pontifex tied to a
chair and Urquart kicking his heels upon the
floor. Monte Carlo when it has got over the
shock, will laugh at this for years"
Il am a woman and I am deficient in a
sense of humor' she declared. my mind is
still engrossed with the details of this amazing
outrage. Now tell ME what was your honest
opinion of the young man whom you directed
to Mr.. PontifeXs room?"
He a little taken aback. It was a
matter to which he had already given con-
siderable thought.
How did you know did that?" he de-
manded. "You weren't there"
When anything happens in Monte Carlo"
she explained calmly, II always there"
Are you ambitious" he asked, Ito bring
to justice the plunderers Of Martins Bank?"
IT think it ought to be DONE" she acknowl-
edged "and you seem-pardon me-a little
lukewarm in the matter"
"I,ukeWarm?" he demonstrated. ST was the
first to see them in the car and realize that
they were off to the frontier If had hap
pened to have my passport in my pocket I
should probably have caught them When the
gendarmes arrived the matter naturally rested
with them"
THE commissare is friend Of yours, isn't
hep" she asked little abruptly.
II know him"
will you do something for me?"
Il will do anything in the world for the
hostess who has provided me with such q
dinner" he aSSented
please go to the telephone, ring up head
quarters and ask If any arrest has been made"
Peter HameS rose to his feet at once ex-
ecuted his commission and returned almost
Immediately.
mo arrest has been made" he reported,
"but the Italian and French police are both
watching two men at San Reno"
Her face remained inscrutable but he
fancied that her lips twitched as though with
the desire to smile.
Il suppose" she reflected, "that there IS no
The Washington times., 1931-08-06
Grand Union Sales
And Net Profit Rise

The Grand Union Company re-
ports profits of $524,967 for the
first six months of 1881, after al
lowance for taxes, depreciation,
ETC., compared with profit Of $780,
469 for the first six months Of
1890.
After providing for dividends of
the convertible preference stock,
this represents earnings of 81 per
share on the 275.677 outstanding
shares of voting trust certificates
for common stock, compared with
81 cents per share on the 268,033
outstanding shares for the same
period in 1880.
Tonnage sales we're IA per cent
ahead of the same period in 1890,
the lower dollar sales being
caused by the reduction in COM
modify prices this year compared
with last.
The Washington times., 1931-08-06

for 1t is\a live one and will be
coming to head one of these
days.
On March 80, for example, the
Government charged the Sugar
Institute with violations of the
antitrust laws. Now the Sugar
Institute has filed its reply.
Several Such GrOupes
These institutes" exist in the
copper and petroleum industries
and few others. The American
Wool Institute has recently been
abandoned. following adverse &C.
tion by the Government.
They are a sort of trade asso-
ciation which usually seek to
modify competition by enforcing
a so-called "code of ethics" on all
those operating in their indus
tries.
The Sugar Institute seeks to
set up as a defense an alleged
approval of its plans given in ad-
vance by the Attorney General of
the United States. It says that its
''code of ethics" was approved and
that everything it has done has
been for the purpose Of enforcing
this code. Therefore it claims that
all its acts are legal.
Retained Initiative
But note what the Department
Of Justice actually said: 1t said
this: We assume that this is q
bona fide combination of sugar
producers who will. act, accord
ing to the court decisions. to en-
courage trade in sugar. So long
as these purposes are maintained,
and the institute does not re-
strain interstate trade, we be-
lieve no legal action will be re-
quired.
"It will be understood, how.
ever, that the foregoing state
ment shall not be construed to
preclude the Department of
Justice from instituting pro-
ceedings at any time against
the Sugar Institute, Inc, in
the event evidence of q viola
bAOHS VI bne ANU" H TuSG laws Is
found"
Questions at Issue
The institute admits an over
capacity in sugar refining. Can
we afford to allow them to take
away the ordinary remedy for
such a ondition-namely, the
failure Of the less efficient con-
Germs in competition?
The institute by private con-
certed action has attacked vari.
Gus unfair" price-cutting tactics
in its trade. Would it not be bet.
ter to have any company which
is injured by the illegal practices
Of a competitor proceed against
him In the courts or before the
Federal Trade Commission?
The Washington times., 1931-08-06
FLOW Of GOLD
!, FROM LONDON

LONDON. Aug. 8 UNS0-
Despite strenuous efforts by Brit.
ish financial authorities to stem
the outward flow Of gold, the
drain upon the resources Of the
Bank Of England continued today.
It was understood that an ad.
ditiOnaI $4,000, 900 Of the pre-.
ciOuS metal had been sold within
the last few hours, probably to
France or Holland. The sale fol-
lowed a mysterious and erratic
furry in the pound sterling and
an unexpected break in the lead
ing gold exchanges.
Wild RumOrS Running
At the opening of the market,
the pound sterling strengthened
somewhat after all principal ex,
changes had slumped below the
gold export point, and predic-
tions that further shipments Of
gold from this country might be-
come necessary were heard freely.
During the last "a hours, the
leading authorities of Throcmor-
ton Street have spent much Of
their time in denying and dis.
pelling crop of wild runors,
some of which were held respon-
Sible for the mysterious weakness
in the exchanges.
Rumors spread throughout Eu.
rope that a number of British
banks we're on the verge Of in
solvency. Every assurance was
given that leading British banks
are as strong as ever, and q
member of the board of the Bank
of England stated that no hitch
whatever had developed in the
Franco-American credit extension.
He added that the Bank Of
England had not yet found 1t
necessary to make use Of one
penny of the credit.
panic Selling" Blamed
The financial editor of the Lon
don Daily Herald laid the fall Of
the pound sterling to panic sell
ing" by certain French bankers,
while other writer's charged that
the baseless rumors all originated
in Paris. indicating "the unbal-
anced state of mind of many
French financiers and investors
Trading was dull on the Stock
Exchange during the early hours.
The Washington times., 1931-08-06
CURB MARKET
IRREGULAR

NEW YORK, Aug. 6 GN.SJ.
Price movements on the curb
market today followed the same
general pattern as on preceding
days, with the same lack Of de-
cision on the part Of traders, in
fluencing a slight tendency to-
ward softness and a resultant
shading in prices.
Utilities we're irregularly lower,
with the widest decline sustained
in a comparatively inactive mem
ber of the group. General Gas
and Electric convertible pre-
ferred B took a dip to 39A for a
loss of 3hs points. American Gas
and Electric was off point in it's
only sale of the forenoon at SO.
Cities Service hung around its
old low of ga, with considerable
conjecture developing as to
whether it could continue to hold
at this level should the market
resume its downtrend in the near
future.
Investment trusts were dis
posed to sag somewhat, with
Continental shares convertible
preferred A achieving the rather
unpleasant distinction of estab.
fishing a record low at 1919, off
almost point from its previous
close. insult utility Investments
was off "a point at 261a.
The Washington times., 1931-08-06
COTTON PRICES
ARE HIGHER

NEW YORK, Aug. 6 UN.S0.
An upturn at Liverpool where
prices were 6 to 7 English points
higher than due met with only
a partial response in the New
York cotton market, which sold
within few points above the
previous close.
Apparently the cotton market
was unaffected by cabled advices
from Berlin that the German gov
ernment has offered to buy from
the Federal Farm Board 100000
bales of cotton and to acquire
an option Of an additional 200, 900
bales. Cotton traders were in
clined to withhold comment on
the offer pending the receipts
Of details concerning the price,
credit, terms and re-export con-
ditions.
Trading was only moderately
active. There was a small acr
cumulation of price-fixing orders
from the trade. japanese inter
ests bought and New Orleans
| bought distant months. Wire
houses bought for a rally while
spot firm and the South sold.
At midday, October sold at $40,
up 3, December at 8.32, up 3.
January at S.43. up 8. March
at 8.62, up 2, and May at $50,
up 5.
The American Cotton Crop Ser
vice put the crop condition al
70.6 per cent and the indicated
crop at 13,456,000 bales. p.
The Washington times., 1931-08-06

Cuba, whose issues are chiefly
corporate, the proceeds being
used in sugar production. these
loans are mostly governmental.
In the Far East. Japan leads,
its flotations being mostly for
public utility corporations, while
the majority of the Australian
and Netherland East Indies issues
are governmental. Very few
loans have been made to China.
Borrowing to Increase
Undoubtedly, foreign FINANCING
will increase in the near future.
There was a steady growth in
new flotations up to about the
middle of 1928, when money con-
ditions made borrowing prohibi-
tive, and loans fell off sharply.
They picked up sharply lgain in
the first part of 1880, but have
been declining since.
Money rates are now very low
and the stage is set for the float
ing Of new issues. both corporate
and governmental. on a large
scale. Investors would do we'll to
analyze these offerings carefully
before participating.
The Washington times., 1931-08-06
BIC MACHINERY.
EXPORT. GAIN

Industrial machinery exports
from the United States during
June amounted in value to $751;
66s,00O and were $4,000, 900 in ex-
cess of May and higher than for
any month since July, 1890, the
Commerce Department announced
yesterday.
There was sharp gain In ship
ments abroad of metal working
machinery. The total Of $5,280,-
900 established in June was ap-
proximately u per cent in excess
Of similar sales during the pre-.
vious months, 43 per cent above
the corresponding period Of 1850
and IS per cent higher than the
average monthly figure for the
boom year Of 1929.
Substantial gains were regis
tered in the exportaion of con-
Struction, mining and oil well
machinery.
The Washington times., 1931-08-06
DAIRY FARMERS
COOPERATE

The volume Of dairy products
comparatively in the IL north
eastern states outranks all other
agricultural products sold CO.
operatively in that area, the
Federal Farm Board said today.
A survey of 1929 business han
died by farmer-owned and con-
trolled marketing organizs tons
in Maine, New Hampshire. Yer
mont, Massachusetts,, Rhode
Island, Connecticut, New York,
New Jersey, Pennsylvania. Della
ware, Maryland and West Vir-
ginia showed that 95 cooperative
marketing associations, serving
126,1OO farmer members, mar
keted dairy products valued at
$22S,611,42S.
The sales amounted to $50 per
cent of the total cash income Of
$4O8. .OOO, 900 received from dairy
products sold By farmers in that
area.
The Washington times., 1931-08-06
EASTERN STEAMSHIP

Eastern Steamship Lines, Incor-
porated, reports June surplus after
charges of $22O,361, compared with
surplus Of $252.6 in June, 1880.
The Washington times., 1931-08-06
News Of Gains
Listed Today

Machinery exports gain
$3, 100000 in month.
StimsOn boosts plane sales
20 per cent.
Adam Mills Corp. In
CFeaSes earnings.
Electric AutO-Lite earns
$2.94 per share.
Grand Union Co. gains in
sales and profits.
The Washington times., 1931-08-06
Of SUGAR
INSTITUTE IS
WATCHED
Similar Groups IN Several
Other industries Worried
Over Antitrust Law Suit
BY LEWIS HANEY

BY LEWIS HANEY
director New York University,
Bureau of Business Research)
We should all be watching the
developments taking place under
our antitrust laws. We should
be thinking about this subject.
The Washington times., 1931-08-06
4 dams Mills Corp.
Increases EQrninQ8

Adams Mills Corporation re-
ports consolidated net profit for
the six months ended June 80,
1881, Of $451,6 $40, after deprecia-
tion, Federal snd State taxes, and
after setting up a special reserve
for contingencies of $4,000. After
allowing for dividends on first pre-.
ferred stock for the period and
dividend for one month on the
second preferred, retired February
/, 1881, the balance was equal to
$2.49 q share on the 10000 shares
of common stock outstanding.
This compares with net profit
of $413,O69 in the corresponding
period of 1880, equal, after pre-
ferred dividends, to $2.15 a share
on the same number of common
shares outstanding.
The Washington times., 1931-08-06
Stin1sOn AirpL0ne
Sales UD 20 Per Cent

WAYNE, Mich, Aug. 6.-The
stinson Aircraft Corporation de-
livered 1919 900 worth Of planes in
the first five months Of 1881. or
2O.2 per cent of all the CONNER
cial airplanes delivered In the
United States in that period, w.
A. Mara. vice president, an
nounced today.
Stinson's volume is 10 per
cent increase for the company
over the corresponding period last
year.
The Washington times., 1931-08-06
THATCHER MFG. NET OFF

Thatcher Manufacturing Com
pany report for six months
ended June 80. 1891. net profit
of $243,548 after depreciation,
Federal taxes. royalties, losses,
ETC., equivalent after dividend re-
QuirementS on the $3.50 nopar
convertible preference stock. to
four cents a shore on 1885 no
par shares of common stock.
This compares with 1921 ,253 or
So cents q shore on common in
first half Of 1890.
The Washington times., 1931-08-06
Electric AUtO-Lite
Earns S2.94 o. Share

Net profit of $2,769,s65. after
all charges. depreciation and in
come taxes. is reported by the
Electric Auto-Lite Company and
subsidiaries for the six months
ended June 80. These earnings
are equivalent, after preferred
dividends, to $2.94 per share on
the 926,688 shares Of common
stock, without allowing for 33,325
shares held in the treasury.
The Washington times., 1931-08-06
Anthracite Prices
Advanced 20 Gents

Anthracite operators have ad-
vanced the price of anthracite
20 cents ton. the usual seasonal
advance. This restores 20 cents
Of the 6O-cent reduction made on
April 1. additional increases in
the price are expected to be made
on September /, and October l.
The Washington times., 1931-08-06
ELECTRIC OUTPUT LOWER

Electric output for the week
ended August / was 1874, 4,089, 900
XVIII, q decrease of 2 per cent
from the 1.67S, ,327 900 XVIII. in
the corresponding 1880 week.
Output fol- the week ended July
rs, 1881. was down 81 per cent
from the corresponding week last
wear.