davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
CORPORATION
REPORTS
TRENDS AND PROSPECTS or
LEADING ORGANIZATIONS.

NEW YORK. August 27-The fol-
louyin0 ts a summary of important cor
noration news prepared by the Standard
Statistics Co, Inc, New York, Tor the
Associated Press.
News Trend.
The july aggregate net operating in
come of the first IS railroads reporting
was 3s.7 per cent below that OF last
wear. which compares with the decline
of 1874 per cent reported by these same
roads for June.
The Companies.
Chicago & Eastern Illinois Railway
July net operating deficit $s3,7O4 VS..
deficit sT9. 529; seven months deficlt
l.o45. 0s3 VS.. defect $525,70l.
New York, New Haven & Hartford
NEUTRALITY-SUSPICIOUS. expects 1891 earn
ings 10 exceed $3.50 a common snare;
gross for first two weeks i4l per cent
below 1880 period.
THOMPSON Starrett Co.-Common
share earnings, quarter enoeo july SV'
l6 cents VS.. "a cents.
Alabama Great Southern Railroad
.J1ly net operating income $39,7 vs..
sal 800; seven months, Sl97,2ZT.
American Hawaiian Steamship
felt, six months TO June 80, $73,294 VS..
net income before Federal taxes, $751;
42s
Atlantic, Gulf a. West Indies Steam
ship-June net loss after taxes ana
charges, si7e,372 vs.. s88.O65.
Brown Siloe-Operating around 30
per cent OF capacity. which Is slightly
below average for three past months,
Chicago, Milwaukee, ST. Paul 81 Pa
cific r. r. July net operating income
of l3 per cent; seven months on ga
per cent.
Chicago e. Northwestern Ry. July net
operating income of 29.5 per cent; IL
months of 46.3 per cent.
Consumers Power July gross on "a
per cent, net after taxes of 5.5 per
cent: IL months gross on ~ per cent.
net after taxes up 3 per cent.
Continental steel preferred dividend
passed: paid s1T5 July.
Fairbanks. Morse 81 Co passed quar-
terly common dividend; paid 40 cents
June 30
Great Northern Ry. July net oper-
ating income of "a per cent, seven
months of 34.4 per cent.
| HoIophane Co, declared IS cents COM
mon dividend: paid 20 cents April /.
Houdaille- Hershey Corporation COM
/ mon share earnings six months to June
| so 81 cents, VS.. II cents.
Leigh Valley r. r.. July net oper-
ating income ST., 28l, VS.. $500. 107; seven
months s2,e30, SOP. VS.. $4,507.679.
Missouri Kansas & Texas r. r. July
net income SI57.5 $50, VS. net income 81
l62 ,35e seven months $l,517,300, VS..
| -, ie7,T06.
Southern Ry. July net operating In
come OF 63.2 per cent. seven months
on 52.s per cent.
United states steel operations slightly
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
Transamer:ea Corporation.

NEW YORK, August AZ OP).-The
New York Times says plans are under
consideration for regrouping the inter-
ests of the TranSamerica Corporation.
holding company with resources of
81, 703, 6T6,s47.
Distribution to the corporations
stockholders of its holdings in the Bank
CT America National Trust and Savings
Association, a California institution with
43S branches and $1,000, 600, 900 depos-
its. and sails Of the Bank of America
National Association in New York with
deposits of $21s.o0o, 900, is contem-
plated.
A decision on this step, which is IA
yored by one group of Transamerica
Corporation executives and opposed by
another, is expected within the next
few weeks. the newspaper says.
The corporation was originally organ
lied as a holding company for the in
terests Of A. p. Giannini, California
finarlcier. and now holds a dominant
interest in banking institutions through
out the country.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
DEMAND FOR STEEL
|. IS DECLARED QUIET
Weekly Trade Review De-
fines Business as still
at Ebb Tide.


NEW YORK. August 27-witi Au-
gust drawing TO a close. iron and steel
demand still fails to foreshadoW a sea-
sonal rise in production, Iron Age says
in its weekly REVIEW CT the industry
Evidences Of Improvement in b1si-
ness to date have been little moe than
r.pples on sea which remains 1T ebb
tide" the review says THE recent un-
turn In specifics tons from the auto
mobile industry has not been followed
by gains OF SUFFICIENT magnitude to in
dictate q measurable expansion OF mo-
tor car output In September. The re-
quirernents Of other leading outlets for
iron and steel show both increases and
decreases. largely offsetting each other,
while releases from miscellaneous con-
sumers disclose almost no significant
change.
Production Irregular.
Steel production continues to show
the irregularity characteristic of 4 Pc
Rod when backlogs are low and speci-
flcat!ons intermittent. At Chicago In
got output has risen from 30 per cent
to SO per cent OF capacity and there
has been minor gain al Youngstown.
while the Buffalo rate has been raised
by the resumption of operations at
steel plant which had been shut down
contrast with declines at Cleveland. in
the Wheeling district and in the East.
The average rate of production for the
country at large is estimated at 81 per
cent compared with 80 per cent in
the previous week
Construction activity, although sub
normal, offers the best promise of MAX
ing heavier demands on The steel in
dustry. A good volume Of structural
inquiry has been accommodating and.
while many projects. particularly public
undertakings, have been slow IN reach
ing the contracting stage, there is rea-
son to believe that awards win soon
show an appreciable upturn. -
Reinforcing bar demand has shown
encouraging improvement, recent in
ctiiries having brought the volume of
pending business to the highest level
OF the year TO date.
Prices Of finished steel and pig iron
are holding rather steadily, although
they have not been subjected to severe
tests. Scrap markets are quiet. but
have disclosed further weakness at st.
Louis. Cleveland, Pittsburgh and Phila-
delphia, heavy melting grade having
declined Is cents ton &C the last two
eenters The Pittsburgh district pre-
sents the paradox Of small mill pur-
ehasEs bringing out lower prices than
dealers are paying for yard accumula-
ton"
New Projects.
This weeks total of new structural
steel projects, 81, 500 tons, shows a gain
of 1880 tons over the previous week.
Fabricated structural steel awards were
20, 900 tons.
Heavy melting steel scrap gave
ground at both Pittsburgh and Phila-
6eIphia and the Iron Age composite
price for scrap is back to 1908, tbs low
level reached on June 23, and within
s cents of the 30-year low registered
November 10, 1914 Pig iron and fin
ished steel composite prices are ufl-
changed at $3.50 ton for pig iron
and 2.II6 cents a pound for steel.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
oHIoAGo LIVE STOCK MARKEr

CHICAGO, August ~ (P) Omitted
States Department of Agriculture -
Hogs-1a,o00 head, including 1000 d.
rect; market fairly active, 10 to Is
higher: underweights steady to / high
err; bulk 10000 pounds. 6.5oa6.75; top,
6:65; 240-2S0 pounds, 6.25a6.65 140-
ITO pounds. 6.25a650: pigs, 4.75a5. rs:
packing sows, 4.1oa5.5o; light light, good
and choice, 140-l60 pounds, 6.00a6.50:
lightweight, 10000 pounds. 6.25a6 rs:
medium weight, 200-250 pounds. CASA
IT'S; heavyweight, 250-350 pounds, 5.35
as so: packing sows, medium and good,
275-5o0 pounds. 410a5 so; slaughter
pigs, good and choice, 100-130 pounds,
4.75a5 SO.
Cattle 900; calves, 1000; fed steers
and yearlings. very slow; steady to IS
lower; light heller and mixed yearlings,
scarce and fully steady; best fed steers,
8. 25a9 so: best heavyweights, early SELL
ing at 10,00 she stock mostly steady;
vealers to so cents higher. Slaughter
cattle and vealers--Steers, good TO
choice, 600-900 pounds. 8.00a10.40; 600
loo pounds, 8.00a10.40.
Slaughter cattle and vealers-SteerS,
good and choice. 100000 pounds, 8.00a
iO.40; COOL 100 pounds 800a10.4o
1,lO0-1 800 pounds, 7.75a10.25; 1900
1,9UU DOuIf(lS, anu
medium, 600-I, 500 pounds. 425a7.7S;
heifers, good and choice, 550-e50
pounds. 7.50a9.9o; common and medium,
3.25a750; cows, good and choice, ASA
CTS common and medium, 275a4.25;
low cutter and cutter, 1.75a2.75; bulls
(yearlings excluded, good and choice
(beef), 4.00a5.25 cutter to medium,
2.50a4 90; vealers (milk fed), good and
choice, 9.0Oa1 90; medium. 7.00a9. 90;
cub and common, 5.00a7.00. Stocker
and feeder cattle-Steers, good and
choice, 500-i,050 pounds. 5.75a7.25;
common and medium, 4.00a6.00.
Sheep. $4,000; market strong to un-
evenly higher; light sorts considered;
better grade native lambs mostly T.00a
800 to packers; several get 8.25 to
outsiders; some held higher; Western
unsold: fat native ewes, 15oa2.00.
Lambs, 80 pounds down, good and
choice, 725aS IS; medium, 5.50a7.2
all weights, common, 3.75a5. so: ewes,
h0-l50 pounds, medium to choice, LISA
PTS; ell weights, Gull and common, 75a
ITS; feeding lambs, COTS pounds. good
and choice, 5.25a5.75.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
CURB SHARES SAG
AFTER EARL GAIN
Market Activity Decreases
When List Slips-0iIs
Are Irregular.
BY JOHN A. oRoNE.
Special DISPATCH to m. star.

Special Dispatch to The Star.
NEW YORK, August 27.-After open
ing irTegularly higher today. curb ex-
change stocks slipped slightly near
midday as the trading pace slackened.
Electric Bond & Share moved mar
rouly as demand sl7wed, which also
was true of Cities Service. In the util-
tiles spurts in American Gas g. Electric
and American Cities Power & Light A
were offset by declines in Middlewest
utilities and United Light a. Power A.
Declaration of the regular common
quarterly dividend brought firmness into
Niagara Hudson Power.
Several of the pipe line shares were
outstanding features of the forenoon
session. Eureka Pipe Line, which re-
Gently announced price advances and
whose July deliveries showed large
gain, ran up l y points to a record high
for the year. Cumberland Pipe Line
dropped * points following the call
i ing Of a shareholders meeting for Sep
tenbcr Is to vote on the sale of COM
pany to Ashland (Ky) Refining Co.
for S420,000
Standard Oil of Kentucky was some
what more active than usual ct ad-
vancing Quot7tions. The company is
mainly e marxetsr and stands to
benefit som firming gasoline quotations,
A slight increase in offerings caused
Humble Oil to slip about two points
in the first few hours Ohio Oil pre-
ferred moved within a fractional range
during this period. South Penn Oil
quickly erased an early rally. Standard
OIL of Nebraska, the subject of merger
rumors today. was inactive.
Phillip Norris A was the first of
the miscellaneous industrials to record
new high for the year. Its run-up
was due to the reported success of its
new product and to organized opera
tions in the stock. Atlas Plywood,
maker of boxes, which recently has
felt the slowness of general business,
hit a record low price today. Tri-
Utilities, holding company for Ameri-
can Natural Gas, Oklahoma Natural
Gas and other utilities, also made a
new low mark. Unconfirmed rumors
here were thst Oklahoma interests may
repurchase Oklahoma Natural Gas.
Motors were irregular, with gains
recorded by Ford Motor, Ltd, and
losses registered by Paramount Cab and
Ford Motor of Canada A. Pan-Amer-
lean Always was most active in the
aviation division
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27


Explaining the recent advance in the
price of cigarettes. s. Clay williams,
president of the r. J. Reynolds To-
bacco Co, pointed out that the main
reason for the rise was to see II, by
that method, some optimism and buoy
ancy could be put into the leaf tobacco
markets this Fall Mr.. williams added
that in the event of failure to hold UP
prices in the leaf markets, additional
revenues viii be employed to advertise
cigarettes more widely. This, ne SAID,
would create a greater demand for the
product, stimulate the consumption OF
cigarette tobacco, and, indirectly,
affect favorably the price.
Germany Aids Egypt Bank.
Germany. financially embarrassed,
ana still struggling with all sorts OF
measures to bring order into her fnan-
cial house does not neglect those who
have put faith in the countTy's financial
institutions As result of the tenn
porary closing of the Darmstaedter q
National Bank, one of its principal sub
sidiaries. the Deutsche Orientbank, OPP
Grating chiefly in Egypt, was forced to
suspend payments. The German gov
eminent he's agreed to loan the bank
$4,000, 900 reichsmarkS, equivalent 10
about S3,T5OUUO, IN the 10TH VI lNe
year treasury notes, and this enabled
the bank to reopen its branches.
Incidentally, Germany is not blessed
with well equipped state-superVlsed-
banking departments, charged with
looking after the depositors' funds.
Many have asked the question why
there are so many anomalies in the
market fer foreign issues traded IN on
the New York Stock Exchange. one
sees. for example, a 71s per cent loan
sell lower than 2 per cent issue OF
the same obligor and identical in
every respect except for the interest
rate. or finds that third lien bonds are
selling materially higher than first
lien issue.
u. S. Investors NOvices.
The answer resides In the fact that
many American investors are still
novices in the field of international
finance and that the extent OF their
familiarity with countries and political
subdivisions is rather restricted.
A frightened investor offered recently
for whatever he could get two bonds of
the Republic of Esthonia which ne, had
held for some time Asked to give the
reason for this desire to sell irrespec-
tive of price, he stated that he had no
confidence in Latin American loans.
Text books still refer to Esthonia as
one of the countries situated in North
eastern Europe.
(cepyright 1881, by :ne North American
Newspaper Alliance, Incl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
10000 CASES OF BEANS
CANNED BY NEW PLANT
Special Dispatch to The Star.

INWOOD, w Va, August 27.-Ap-
proximately 10000 cases of beans, with
two dozen cans per case, were canned
by the plant here as the first CONNER
cial venture into the business completed
its first year this Summer. The bean
yield was somewhat disappointing, equal
to about one-third that in the Rigler-
vile (Pa) section, where the same
project has been carried on for some
years Those in charge blamed the low
production on unfavorable weather and
inexperienee of the farmers and fruit
men with the task.
Apple scanning work at the same
plant, which follows the bean season
and cherry season, will be delayed a
week later than usual this year, it was
stated today, probably not beginning
before the last of September Tend
ency in other years, it was explained,
has been to start too early, with the
fruit not in the best of shape.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
ELECTRICITY OUTPUT.

The production of electricity by the
electric light and power industry Of the
United States for the week ended Sat-
urday, August %, was I,643, 22a, 900 kilo-
watt hours, according to the National
Electric Light Association. This is %
per cent below the corresponding period
Of last year
The Atlantic seaboard shows an in
crease Of Is per cent in electrical out
Put above last year. The central in
dustrial region, outlined by Buffalo.
Pittsburgh, Cincinnati, st. Louis and
Milwaukee. registers. as whole, q de-
crease of 81 per cest, although the Chi
cago district shows an increase Of or
per cent The Pacific Coast shows a
decline of 2.5 per cent below last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
Markets at a Glance

NEW YORK, August 81 tR.-Stocks
Heavy; Kreuger a. Toll at new low.
Bonds: Irregular; rails improve. Curb:
Barely steady: oils sag. Foreign exc
changes: Irregular; sterling easier;
French franc steady. Cotton: Lower;
disappointing cables, Southern selling.
Sugar: Easy; poor spot demand. Coffee:
Steady trade buying
CHICAGO, August 81 (P).--Wheat:
Easy; decreased export demand large
Russian shipments. Corn: Easy; bene-
ficial rains Iowa Cattle Irregular
Hogs: Steady to higher.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
1,7Ss SPINDLES ACTIVE
IN VA. COTTON MILLS
BY the Associated Press.

BY the Associated Press.
RICHMOND, Va. August 27.--Of the
s2,676.176 cotton spinning spindles, re-
ported by the United States Department
of Commerce to have been in place
throughout the county on July 81, 679.-
254 were reported to be in Virginia
mills.
OF the total spindles in place In Vir-
GINA, SCI 1888 were reported active, while
25,836,262 of all those in place through
out the country were reported active
during the month.
Active spindle hours for Virginia DUR
ing the month of July we're reported at
164, o42, ISL. or 242 per spindle, as COM
pared with 6,53l, ATS spindle hours
for the United States, or 200 per spindle.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27

the beginning of upward trend in
generally according to O seagraves vice the
only logical that should be the first to
turn upward.
81 Crude Oil Price to Be Brief Says E. W. Sinclair
significance for the better in the oil trade is per-
SeagraveS
which
The price basis not expected to hold
according president of the Sinclair Consolidated
chief for this Mr. Sinclair cited the
fact that fields outside OF the United
stat hichi is easily the American market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27

equal to % cents q So perferred share.
Atlantic, Gulf g. West Indies steam
ship lines first half net income $2i8.S22,
VS.. sI.173,97s; had net loss. $isl .57l in
3 months to June 80, VS.. net income
Sl37,462.
Buffalo Rochester & Pittsburgh Rail
way July net operating income OF 27.1
per cent; months of 30.4 per cent.
Denver g. Rio Grande Western Rail-
road July deficit. after charges. $07, 2S3,
VS.. surplus, after charges, STA s6; Z
months deficit, $s4S,77l, VS.. surplus
SOL, 458.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
Grain Market
BY the Associated Press.

BY the Associated Press.
CHICAGO, August 27.-Wheat prices
had a downward trend today because
of scattered selling which found buying
power weak. Aggressive buying, so
much in evidence yesterday, was lack
ing and an easier undertone was ap-
parent. Russian shipments were heavy
and European weather was improving
generally. despite floods in Germany
and Belgium. Corn was swayed by
wheat. Oats showed relatively more
strength than corn. Provisions were
firnner with hogs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
Columbia Gas & Electric.

NEW YORK, August 81 OFD.-Colun1-
bia Gas e. Electric Corporation has ar
ranged to purchase from Kentucky BY
Products Co. all that companys oil and
gas properties for 81 10000 principal
amount of Columbia Gas 23-year per
cent debenture bonds. The properties
aggregate 3l,739 acres, Of which 1880
ceres Of Gil and gas rights are owned in
fee, and 1880 acres are controlled by
lease,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27

q
suit of a whispering campaign pertaining
to one of New Yorks leading institutions,
the Chatham & Phenix National Bank 81
Trust Co.
Some months ago, when similar rumors
were circulated and the reasons requested
therefor the writer was told that the bank
was probably involved in Sl1ort-term Latin
American commitments. Having followed
closely this particular phase Of finance, he
knew it was obvious that the report was
based upon vicious falsehoods.
To prove the utter baselessness Of current
rumors and the sheer malignancy of the
whispering campaign now in progress,
Thomas l.. Chadbourne, general counsel for
the bank, issued a statement accompanied
by financial statement as of August Is,
showing that the bank is in an exceptionally
LIQUID position. This should not only set at
rest vicious rumors, but tend to restore con-
fidence, which is of far greater significance
The Improvement in the oil industry may
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
METAL MARKET.

NEW YORK, August 81 tP)-Copper
quiet: electrolytic spot and future,
71aa734. Tin steady; spot and nearby,
2712; future, 27.2a. Iron steady. un-
changed. Lead quiet: spot New York,
4.40; East St. Louis. 422 Zinc steady;
East ST. Louis, spot and future, $50.
Anthony $50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
New York Cotton

Special Dispatch to The Star.
NEW YORK, August 27.-Though
opening today, the market met more
contracts and slight increase in hedg-
ing pressure was noticeable. Less active
short covering created an easier market
aad the list closed about Is points low
er than on Wednesday Spots were re-
duced Is points to 1905
Cotton range:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
MONEY MARKET.

NEW YORK, August 81 (P.-CaiI
money steady. Ia per cent all day.
Time loans steady; 5000 days, Ia
~; months, lAa1s4: SO months,
134a2 psr cent.
Prime commercial paper. 134a2
Bankers acceptances unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
COMMERCIAL CREDIT CO.

BALTIMORE, August 81 (SpeciaD -
Consolidated net income on the domes-
tic operations of Commercial Credit Co.
for July was at the rate of $40 per
share on the outstanding common stock
Of the company. as compared with $lse9
reported for July. 1880, it was stated
today by officials o. the company.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
0. S. TREAsURY BALANcE.

The United States Treasury balance
announced today as of close of business
August IS was s154.70l. 91t.34. Gus
toms receipts for the month to date
were $50 ,S6e, 1862. Total ordinary ex-
penditures were s5,325, ioe.is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
PARIS BoURsE PRICES.

PARIS. August 81 tP,.-Three per
cent rentes, 80 francs Is centimes.
Five per cent loan, 104 francs IS CEN
times.
exchanges on London, 123 francs %
confines. The dollar was quoted at
rs: francs 5oi4 confines.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
CHICAGO STOCK MARKET

By the Associated Press.
CHICAGO, August 27-Following is
the complete official list Of transactions
in stocks on the Chicago Stock Ex-
change today:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27

NEW YORK, August w lPl.-The
Bank of the Republic OF ueuguay has
been authorized to ship $5NQ0,000 in
for service on the foreign deus
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
Everybody's Business
Malicious Runrors Being Spread on Banks and Their
Condifion-Chatltam and Phenix Counsel Spikes
False Rumors by Issuing Financial Statement.
BY DIR. MAX WINKLER.

malevoently regarding
banking institutions
realized those who invent and spread them
such One indictment
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27

Hell-for- Certain Is the name Of Q
creek in the Kentucky Mountains.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27

Prof Dewey Of Columbia is con-
sidered the leading light among today's
American liberals.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
BONDS

$4,000 Insult utu IS 1870 giiz s0i. sois
1000 Public Ser SIS 1885 1862 1861 1852
Stock sales today, $4,000 shares.
Bond sales today, 71e, coo
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
BALTIMORE STOCKS.

Special Dispatch to The Star.
BALTIMORE, August az
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27

4Partly tPlus stock.
PaysSe in cash or stock Payable ADJUSTMENT
diyidend Il
stock Plus Plus ios IN stock Plus 81 IN
in D Paid last yearno regular rate