davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-05
WATER TO BE CUT OFF
Virginia Highlands and Auror

Virginia Highlands and Aurora
Hills Service to Stop for Night.
BY stan Correspondent of The Star.
ARLINGTON COUNTY COURT
HOUSE, Va, June 5-The water sup
ply to Virginia Highlands and Aurora
Hills will be cut off from 10 o'clock to-
night until o'clock tomorrow morning,
it was announced today by the County
Engineering Department.
This is due to the placing Of a new
street connection from the Frazier ave-
nue. main.
The Washington times., 1931-03-28
Commodity Stabilizatior
Requirements Listed

Perils in the path Of concerted
schemes for StabiliZing commod-
ity prices and underlying princi-
pies which must be observed If
such schemes are to have any
measure Of success, are discussed
by c. W. Steffler, writing in the
current issue of Trade Winds,
magazine of the Union Trust Co.,
Cleveland.
There are now in operation, or
have been within the past few
years, plans aimed at the sta
bilization of markets in no less
than 36 staple war commodities,
it is declared. With few excep-
tions every major world commod-
ity is or recently has been af-
fected to some extent by con-
trolled plans, many markets be-
ing entirely dominated by them,
according to the writer, who says:
"A few Of these plans, most
notably in rubber, have been
abandoned for the present at
least. Others probably are on
the verge of failure. Operation
of some is just beginning. =
"TheSe plans are all animated
by one idea; to keep markets
stable, to avoid excessive sur.
pIuses or deficits in supply, and
to assure the prosperity Of pro
The Washington times., 1931-03-28

but a very large pipe tonnage
is before the trade and likely to
be translated into orders in the
near future.
Price Effect
The promising outlook in con-
struction doubtless encouraged
the recent advances to 1.70c,
Pittsburgh, and 1.80c, Chicago, on
plates, shapes and bars for sec
ond quarter. Since the new
prices do not go into effect until
April /, buyers still have an op-
portunity to cover their needs at
1850, Pittsburgh.
To what extent this price will
govern on second quarter ton
mage is also uncertain, since first
quarter contracts at 1.60c were
extended by some companies be-
fore the Carnegie announcement
was made. Moreover, many buy
ers who have first quarter con-
tracts have not specified in full
against those commitments and
may, if they wish, order out
sufficient steel to carry them
part way through the next three
month period.
The Washington times., 1931-03-28

ducerS. Their common effort
is to keep prices up to a profit
able level, always by control Of
the rate Of marketing, and
usually by control Of production
as far as possible.
"The all-embracing extent of
these commodity control plans
would be less surprising If their
record in the past had been
more successful. Their history
is strewn with many caIamitOus
failures. Some diSintereSted
economist has aScribed to them
a major share of the response
bility for the OverSupply of COM
mOditieS and the decline in
prices in $780,"
Any plan, he concludes, which
does not contain the seeds of its
own destruction must Cd provide
an effective control Of produc
tion; 90 include all principal pro
ducerS; 90 prevent uneconomi
cally high as well as uneconomi
cally low prices. Further the
plan must be guarded from in
ternal diSaffection and violation
of the spirit, if not the letter, of
the agreement, and from malad
ministration. The recent aban
donment of the European zinc
cartel is an Illustration in point
The Washington times., 1931-03-28
To HELP
NAYFLOWER

Holders of second mortgage
bonds of the Mayflower Hotel
have been offered equal par value
of a new issue Of income bonds,
to be secured by a second mort
gage in the same principal
amount as the present issue by a
new corporation that will acquire
title to the property.
The reorganization provides for
a reduction of fixed charges and
a simplified capital structure,
but change in the existing first
mortgage issue. The new cor
poration will have but one class
Of no par value common stock.
The management says it is con-
fident that even under the most
adverse general business condi-
tionS fixed charges will be met
under the new plan and points
out that all fixed charges and
taxes for the year 1880 were
promptly met.
Continuity of present manage
ment personnel is assured under
the reorganization plan,
The Washington times., 1931-03-28
Mixed Tendencies in Iron
And Steel Prices Seen

Mixed tendencies in prices, pro
duction and bookings characterize
the iron and steel market as the
end of March draws near, accord.
ing to Iron Age summary. Re-
Gently announced advances on
heavy rolled steep products con-
trast sharply with renewed weak
ness in flat rolled products.
Higher quotations on pig iron in
the Valleys and in Alabama for
Northern shipment are out Of har-
mony with the persistent Sensi-
tivity of prices in other centerS.
Every scrap, traditionally the bell
wether of all iron and steel
products, has latterly lost it's posi-
ton of leadership in price move
mentS.
Consistency Lacking
In the face of a continued
dearth Of activity in most grades
Of old material, such price changes
as there are lack consistency, evil
denceS Of strength at Pittsburgh
contrasting with weakness at st.
Louis and Detroit and a mixed
trend at Chicago.
Steel mill operations likewise
are irregular, with both increases
and decreases reported, and raw
steel output for the country at
large is unchanged at 81 per cent,
bringing to a halt the uninter-
rupted expansion Of production
that began in the first week Of
January.
But a lull at this juncture may
have no particular significance, in
view Of the changing character of
steel demands and the protracted
development of seasonal activities.
Construction Aids
It is now clear that construc-
ton work will contribute ma
terially to mill schedules in COM
ing weeks and the trend Of auto
mobile output, if less certain, is
nevertheless distinctly encourag-
ing. Fabricated structural steel
lettings, as 155,0OO tons, are of
record proportions and the large
amount Of pending work has
been augmented by inquiries for
91,000 tons.
Bids on 125, 900 tons for Penn
sylvania railroad improvements
were taken Monday and early
awards are in prospect. Demand
for reinforcing steel is also ex-
panding, with inquiries for $4,000
tons and lettings totaling $500
tons, and business in this prod
uct will show further growth as
highway construction programs
get under way.
Line pipe bookings Of the week
are confined to 5000 tons for
a 50-mile Texas project placed
with the Milwaukee fabricator.
The Washington times., 1931-03-28
BANKS HERE SET
DEPOSIT MARK

washington banks yesterday re-
ported to the Comptroller of the
Currency, John w. Poole, deposits
totaling 1921, ,965, 1896, a gain of
$14,247,689 since the December
81. last, call. There were 80
banks reporting, Of which three
reported gains of more than a
million dollars each. Others ap-
preached that figure.
The nearest approach to the
March 25 total reported under
yesterdays call was in October
1923, when deposits reached $274,
100000. in round numbers. Saw
ings banks were the only division
to show a falling off since the
last call.
The Washington times., 1931-03-28
N. Y. BOND PRICES

NEW YORK, March % QN.SD
Bond prices were unsettled at
the weekend by the sharp reac-
ton in the stock market and
the falling off in buying demand
from institutional buyers. New
South Wales SIS of SO moved up
2A points to 59A, Peruvian IS
of 80 lost a point at 27A. Rail
road bonds and speculative in
dustrials fell off to the weeks
lowest levels. Missouri Pacific SIS
lost a point at 90l2. Nickel Plate
4l2s were down 1A at 87A,
Frisco SIS down 2A at 8814, Texas
Corporation SIS down ~ at 95.
Warner Brothers IS lost 3 points
at SLY. Liberty bonds were in
clined to slightly lower price
levels. with Old 312s at 101.24,
Fourth 414s at 103.23, Treasury
4As at 111.23, and Treasury 33ss
of At at 1O1.15.
The Washington times., 1931-03-28
PLANNING
PRAISED BY
WILBUR
SECRETARY of interior Tells
How municipalities Gain
Individuality of Character

A city may win world fame By
developing personality" Dr.. Ray
Lyman Wilbur, Secretary Of the
Interior, declares in a symposium
of the city and regional planning
committee Of the American 1nsti
tute of Architects. He said:
"The individuality and charm
of cities depends great deal
upon their setting and natural
topography. Rivers, bays, hills.
ledges, and an outlook to the
mountains may give a unique
quality to a city.
Planning for Character
Nevertheless, whether such
natural beauties are present or
absent, it is possible through
wise planning Of civic centers,
of business and residential
areas, and of street systems to-
give the city a character Of its
own.
"The planning of streets to
take advantage Of attractive
vistaS and the planting Of ap-
prOpriate shade trees on all
residential streets, as well as
careful placement Of civic build
ings and attention to apprOpri-
ateness and quality in their
architecture, may give a per.
sOnaIity to a city by which it
may acquire national or world.
wide repute.
"It is, however, through the
design and upkeep of the homes
and grounds and of residential
streets that a city acquires
that intimate charm through
which it keeps its hold on the
affections of its citizens, even
after they may have found it
necessary to move to other
communities"
Secretary Wilbur said there is
no doubt that the quality of
home life finds expression in
citizenship, and that good taste
and high aspirations Incorporated
in the home and its gardens are
in community service.
The Washington times., 1931-03-28
Cotton Loses Part
Of EARLY Advances

NEW YORK, March % GN.S0.
Higher prices in Liverpool and
Alexandria caused a moderate
early advance in the New York
cotton market today. The mar
ket was quiet. however, and
failed to hold all of the initial
gains.
At the start Of the final hour,
May sold at $10.96, up 3; July at
SLIP, up 6; october at SLAP, up
S; December at $11.57, up 4, and
January at $1l.66, up 6.
New Orleans and the trade
bought near months, while COM
mission firms bought distant
months. There was some scat
tered selling from the South and
from spot firm.
The Washington times., 1931-03-28
PUBLIC ADVISED
Be WARY Of
BULLS"
Pools Have Failed to Break
Through Resistance Level,
So Are Slipping, Says Haney
BY LEWIS HANEY

ny LIE W1O 1AtACNE1
Director New York University Bureau Of
Business Research and Former EcOnO-
mist Of Federal Trade Commission
On Wednesday the professionals
ran stocks up close to the top of
the recent trading range for a
while. But there was no follow
through. Yesterday reactionary
tendencies on the whole seemed
to increase in strength.
It now looks like the bulls are
beginning to slip a bit. You can
hit the situation about right If
you change the old saw around
and say:
"Unless some unforeseen favor
able development occurs, the
market looks lower"
News Too Bearish
That is about the size of it. The
stream of unfavorable news has
been so steady and there IS so
little good news in sight that the
most ardent syndicate manager
is getting tired Of merely "show.
ing good resistance"
You must remember that this
is supposed to be the start of a
bull market. The push has been
upward.
The move was initiated by bull
operators and has been main
tanned by pools. The point is
that when such a move quits it
means that the bulls have been
checked and face defeat.
The significant fact is that the
upper resistance level is not
broken through.
Pools Have Failed
The long and short of it is
that with the aid of cheap money
here in New York, the pools have
tried to start a young bull mar
ket. They have tried to get the
public in. This they have failed
to do. So there they are-taking
in one another'S washing!
Probably we are going to find
out that the "spring rise" in
stocks has outrun any improve
ment in business.
Don't be bearish about business.
It is going to pick up in due
time. But don't run after stocks
yet.
A good many brokers are ad-
viSing Stop-loss protection. Why?
The Washington times., 1931-03-28
MONEY MARKETS

NEW YORK, March % (I.N.S).
Call money was held over at IL
per cent today and 2 per cent on
the curb. Bankers acceptance
asking rates were steady and un-
changed, with 80 and 80 days at
~ per cent, 100 days at 15s per
cent and $50 and 18O days at ia
per cent. The time money mar
ket was dull and unchanged, with
60 days at IA to 2 per cent, 80
days at 2 per cent, 100 days at 2
to 214 per cent. and $50 and 180
days at 2A to 212 per cent. Com
mercial paper was unchanged,
with prime names quoted at 21a
to 2A per cent.
The Washington times., 1931-03-28
COURT
TESTS LOAN

MADRID. March % Q.N.S).
A formal complaint charging the
government with a constitutional
infringement in authorizing a
100000, 900 gold loan through in
ternational bankers headed by
j. P. Morgan & Co., was on file
in the Spanish supreme court
today.
Republican leaders claimed
that Parliament alone was en-
powered to transact such matters,
as provided under the constitu-
ton. A similar complaint was
placed on record by constituency
leaders.
The government, however, holds
that the clause in the constitu-
ton referring to loans is not ap-
plicable to gold credits, and there
fore the present transaction does
not infringe on the constitution.
The credit was extended for q
period of 18 months. It's purpose
was to control the exchange until
the peSeta has been stabilized.
The Washington times., 1931-03-28
BUSINESS GAINS
SHOWN BY j. s.
GRAPHS
Current Trade Trend Survey
BY Commerce Department
Reveals Hopeful Outlook

Graphs plotted from the De-
partment of Commerce survey
Of current business afford several
elements for satisfaction, the
most notable being a decline in
business failures of approximately
80 points to a level with mid
March last year, only about 35
points above the 1923-25 average
Of the same period.
In the ascending order for
early March is a sharp upturn
in freight car loadings, which,
however, If later data had been
available. would show on the
graph as a reverse curve.
CAR LOADINGS
The Washington times., 1931-03-28
Better Textile Trade
Is ShOwn Since
JQnuaryl

Closing days of the first-quar-
ter Of 1881 finds the textile
industry fulfilling the promise
Of better times made at the
first Of the year. according to
Douglas G. Woolf, editor of
Textile World.
The industry thus far this
year has as a whole been oper-
ating on a productive basis ap-
proximately 10 per cent greater
than the average for the last
six months of 1890. This rate,
though naturally not uniform
for all branches Of the industry,
represents a composite index.
The Washington times., 1931-03-28
Financial News Stocks Bonds Commodities and Con1nen
Real Silk Hosiery;
Has Stock Dividend

Stockholders Of the Real SILK
Hosiery Mills, Inc, at the annual
meeting today ratified the pro-
posal of directors to increase the
authorized common stock FROM
100000 shares to 100000 shares.
OF the 100000 shares of stock
authorized a stock dividend Of 10
per cent for the entire year has
been declared by the board, pay.
able in quarterly instalments Of
21a per cent: The first dividend
of 2h per cent is payable April
l to stockholders Of record
March 20.
The Washington times., 1931-03-28
CLOTH MARKET

NEW YORK, March % Q.N.SJ
No important amount Of business
was placed in the coarse yarn
gray cloth market today, though
a fair sprinkling of small lots,
sometimes up to 1000 or 1000
pieces, went through. What in
terested primary merchants most
was the stable statistical situa-
ton that reflects how secure mills
are in relation to production and
shipments.
The Washington times., 1931-03-28
METAL MARKETS

NEW YORK. March 20 G.N.SJ.
Copper buying continued in small
volume on both foreign and do
mestic account. Electrolytic for
domestic shipment was at 10
cents a pound delivered to the
end OF June, and 1890 cents a
pound C. /. f. Hamburg, Havre and
London. Zinc buying was small
with the price at 3.95 cents a
pound East st. Louis for i'm.
mediate and April delivery, and
4 cents for more distant months
Lead buying was small with the
price unchanged at AZ cents q
pound.
The Washington times., 1931-03-28
HACKENSACK WATER

Net profit of Hackensack
Water Company and subsidiaries
for year ended December 81,
1880, was $1,057,820, after taxes,
depreciation, interest, amortiza-
ton, ETC., comparing with $780,.
795 in 1929.
The Washington times., 1931-03-28
New York Bond Market
Fractions represent SENDS
iOI 1 means IOI 1-S2
United states

United states High Low Last
Lib 4th 4As 1888. 1903 24I1O3 aSl103 q
Treasury AIS 1947-52l111 25Il11 23l1l 70
NY City Mar 196O4 Y 81 100 Y 100 Y I10O%
The Washington times., 1931-03-28

New York funds in Montreal, $0.62h
premium on $1,000,
Montreal funds in New York, FO.s2h
discount on 31.noe
The Washington times., 1931-03-28
CAR LOADINGS

Loading as plotted are Is per
cent below those at the same
period last year, and Is per cent
below the 1923-25 median line.
The late February upturn in
building contracts brought the
1880 black line within IS points
of the 1923-25 median, and would
be still more encouraging If
plotted to date.
BUILDING CONTRACTS
The Washington times., 1931-02-21
z FLOOR GAMES
HERE TONIGHT

Georgetown and George Wash
ington will appear in home basket
ball games here tonight. The Hill
toppers entertain the Brooklyn
Knights of Columbus in the Ryan
gym at $50 o'clock, while the
Colonials will be hosts to the 10th
Regiment five of Brooklyn in the
G. w. gym, 2010 H st. N. w.
Johnny Bozek and "Biff" Clancy
have joined the Hoyas for the two
remaining games. However, the
starting five tonight will be Cap
tain Morris, King, Murphy,
Maczees and Scalzi. G. U. Off
Gals decided this morning to play
the game in the Ryan gym instead
of the Langley Junior High.
Burton Shipley, coach of the
Maryland varsity five, and Jack
Faber, coach of the Maryland
yearlings, gave their teams strenu-
Gus sessions yesterday afternoon.
The varsity tackles the Navy this
afternoon at 2:30 o'clock at An
napolis, Md, while the freshmen
engage. the Navy Plebes at 4
o'clock. A combination of varsity
substitutes and freshmen gave the
varsity regulars a fast Commute
scrimmage in the Ritchie gym.
Then each team rehearsed then
pet scoring and defensive plays.
Shipley and Faber would feel
easier if their games were being
played on a wooden floor, rather
than the composition floor at An
napolis. Faber's freshmen, who
have not met defeat, end their
season against the Plebes today.
Shipley plans to start Chalmers
and Ronkins, forwards; Norris,
center, and Berger and May,
guards. However, he may decide
to start Frenchy Cohan in place
of May.
The Washington times., 1931-02-21
TOPS.
c, j. PREP

Eastern High Schools tossers
we're given a grand battle by
Georgetown Prep yesterday, but
rallied to win in the closing min
utes of play, 1922.
Lieb pocketed 13 points to head
the winning attack.
Emerson Institute was no
match for StauntOn Military q
Academy, as its 1913 reversal !;
indicates. The Cadets scored !,
very nearly as they pleased. :.
Warren Hayes Woodward
School pupils showed their best
form while romping away from
Friends in a 34-to-1S melee. :
Gonzaga flashed it's best form
Of the year to wallop Western, 80
to 18, and Landon School out
played Alexandria Episcopal "B"
basketball squadron, IS to II.
The Washington times., 1931-02-21

and Southern Conference In
door championships coming on
March I.
Then it was learned that the
New York Knights of Columbus
had reversed an earlier decision
not to hold their annual games
and picked March ii as the date
for their meet. Conger had
promised the knights to run in
their games.
Can See Conger Now
AS Dorsey Griffith, C. U. track
coach, wanted an outstanding.
performer for his meet, he quickly
decided to keep March 7 as the
date for the c. U. games. This
will allow Washingtonians to
have a look at Ray Conger, who
hadn't been beaten in three
years of indoor competition at
one mile until Carl Coan, Uni
versity of Pennsylvania miller,
broke his string last Monday
night in New York.
Walter Young's mighty but lit
tie band of American University
basketers kept UP their fine work
by scoring over Penn Military
College, 38-32, in a game at.
Chester, Pa, last night. With
the possible exception Of Mary
land, American Universlty's rec,
ord, most particularly in games.
away from home, has over:
shadowed that of any other local
college. 4
Johnny Ringle and Delmar /,
Cosgrove went haywire as Gal
laudet defeated Maryland State {.
Normal, 47-28, in the Gallau- !,
det gym. Ringle rang up FL :,
points while COsgrove con-
tributed II points.
The Virginia University swim
ming team defeated George
Washington, Alt, in the Am
bassador Hotel pool. The Colo
mails were handicapped as Max
Rote. their star swimmer and a
freshman, was unable to COM
pete against the Cavaliers be-
cause of Southern Conference
rules. Summaries:
2oO-yard relay-won by Virginia
ieisj; second, G, w. Time las.
- Ptyinswsn :.cVDS s3y.u.. sy M0NGrtEy 1G w. ys2 ss2
tSiTd' tSiTd' Robertson tTa5, Ss.25. 80
1O0+yard backstroke-Won by CapT
tain Hatch (VaD; second, Audrews
(vaD: third. Pagan &c. W. Time;
5o-yard free style-won by Lampton
wa5; s SECOND 99 W Pettlfh 4f1s. WSss2' O;ss2 th'Fa;
44O-yard racsIwon by }.i: ssyer (X93i ", ! :;
| tied for second Time. $40 70.
1oo-yard breast ". stEoksm"GD str snd PanteSS ~
CVa.1 tied for second. Time, 1:2o S-S.
1O0-yard free style-Won by 7Fn GneH: 2.
merry CVa); second. Berkely Va'V
third Redmond C. W. Time, 1:o7:
| Referee-Richmond Newly (PTlnces
| TOM. Judges-Millen (Cathohc u ana
! Lawes .(Red Cross.
The Washington times., 1931-02-21
ODD FELLOWS
PIN RACE CLOSE

The three leaders, Mt. Pleasant,
Eastern and Langdon, maintained
their Odd Fellows Bowling League
standings in the order named,
each winning three games from
their opponents.
F. Donaldson's 1873 was high
game, while P. Ellett's 344 was.
the best set recorded. Lund had
336, Doc Lewis 333, Steele 334
and Rhett Donaldson 1926.
The battle for strikes resolved
into another tie when C. F. Croft
made two to again deadlock
Frank Donaldson for the lead.
This makes the fourth time these
two have tied during the past
five weeks. Standings:
The Washington times., 1931-02-21

An extra added attraction finds
Hyattsville and Takoma-Silver
Spring High fives mixing it an
hour later.
Monday night the Photogra,
pliers are to engage another
Oriole Club, Oakley A. c., in a
"grudge" game. A previous con-
test was forfeited in Oakley
when, with the count locked at
the end Of regulation time, a
free-for-all stopped hostilities.
Tonight's opponent boasts an
enviabIe record and promises
to thoroughly test the mettle
of the Photographers.
French-R. F. P. tossers visited
the Takoma.Silver Spring High
gymnasium to register an upset
over Stewart Brothers last night
1915. This game automatically
created a three-way second place
tie in washington Basketball
League play. Stewart Brothers
Census and French-R. F. P. are
all involved.
The sparkling floor game anc
timely pot shot Of Player Coach
Dave Keppell promoted StewartS
to the short end of an 11-to-s
count at intermission but the Wis
itors forged ahead to stay in the
final semester.