davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-05-07
Fire In Japan Burns
S25,OOO,OOO Resort

LONDON. May 7 GN.S)-A
disastrous fire today wiped out
the popular Japanese resort at
Yamanaka, famed throughout the
East for it's hot springs, accord
ing to an Exchange Telegraph
dispatch from Tokyo.
Seven hundred dwellings and
80 hotels were destroyed by the
blaze. the message said. Damage
is estimated at $25,0O0,O00.
The Washington times., 1931-05-07
Roosevelt on WGy
To His Sick Mother

NEW YORK, May 7 QN.SO.
Governor Roosevelt today was on
the high seas on his way to
Paris, where his mother is i'll. He
was accompanied by his son, FL
lott.
Governor Roosevelt said he
might, if doctors permit, bring
his mother back with him, but
added that her physicians prob
ably would order her to a rest
resort near Vichy. He said he ex-
pected to be back in New York
by May 27 or %.
The Washington times., 1931-05-07
Board of Trade Shad
Bake Mau % Planned

The annual shad bake of, the
Washington Board of Trade will
be Saturday, May %, in Sherwood
Forest, according to Mitchell
owens, chairman of the commit
tee on arrangements.
Members of the organization
and their guests will assemble at
the District Building and the
cavalcade of automobiles will de-
part promptly at 9 a. m.
The Washington times., 1931-05-07
WreckGge Searched
For Train Fireman

CHICAGO, May 7 U.N.S0.-
Crews of workmen provided with
derricks today dug into the
debris Of a freight train wreck
on the Wabash railroad near Oak
Lawn, a suburb, in which two
were killed.
The body of a fireman, Frank
S. Crew, 80, was buried in the
wrcckage. The other man killed
was Matthew O'Neir, so, an
engineer,
The Washington times., 1931-05-07
AMERICAN GIRL HELD

MADRID, May GN.SO.-Jo-
sephine Reid. of Philadelphia, a
former tap dancer, was arrested
here today, charged with the at
tempted shooting of Jose Freden,
hagen, son of an Argentine diplo-
mat.
The Washington times., 1931-05-07
Toothache Can Drive One
Crazy Doctor Finds

BALTIMORE, May How
often have you heard "thiS tooth
ache is driving me crazy?"
Well, there's truth in these
words. For a toothache will bring
on insanity.
The Washington times., 1931-05-07
CONDITION OF TREASURY

The Treasury balance as of
May S. $246, 432.770.77; expendi-
lures, $245,178.95; customs re-
ceipts. S5.426, ,037.8S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09

standing item is the announcement of
the details of new financing by Fox
Film, which has been followed with in
terest. Indicated share earnings for
Ford Motor are reported to show an APP
preciab.e decline from last year T n
n2ssee Corporation also reports lower
earnings.
Chilis Co. March sales of 1872 per
GEN.; three months off l2.1 per cent
Cilrysler Corporation current opera
tons about 20 per cent above March,
when production was $4,000 units:
April objective. 81 900 units.
Commonwealth g. Southern March
electric output off 2,96 per cent: 3
months, off 6.87 per cent; IL months,
OF 7.08 per cent: March gas OUTPUT off
$50 per cent; 3 months, of 6.54 per
cent; IL months, off 5.43 per cent.
Dominion stores sales, a weeks to
March %, cT IL per cent; months
up 303 pc. cent
1879 per cent, IL months, of 10.l per
cent
Ford Motor Co. indicated 1880 ccm-
mon share earnings $257.53, against
S473.79, does not take into considera-
ton dividends, If any, withdrawn by
owners in both years.
Sally Frocks March sales up 14S
per cent, 3 months, up 0.4 per cent.
Peoples Light a. Power electricity
sales, IL months ended February 20.
per cent.
Tennessee Corporation 1880 common
share earnings. s1.2o, age inst $2l9.
Colgate -Palmohye-Peet Co. sales of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
Washington Produce

Butter = One-pound prints, s4as5;
tub. 32Iha331s.
Eggs-Hennery, %; current receipts,
20a2l.
Poultry, alive-Turkeys, young toms
and hens, 32a33: old toms, %: Spring
broilers, 38a40; Winter chickens, 30a33;
hens, heavy, 24a25; light, 22a23; Leg
horn hens, 20; ROSTERS, 12al4; ducks,
Is; keats, young, 75a80; old, 40. Dressed
Spring broilers, As; Winter chickens,
38a40; hens, heavy, 27a28; light, 25a26;
Leghorn hens. 22a23; ROSTERS, 15a16;
keats, young, 80a90 cid, so.
Meats-Beef. 13l2a1512; veal, Halls;
lamb. 10: pork loins, 1921; fresh hams,
10; fresh shoulders, IA; smoked hams,
81; smoked shoulders, IL; strip bacon,
81; lard, in bulk. II; in packages, II.
Live stock-Hogs, heavy, IT'S: me-
roughs, 200a6.0o; Spring lambs, 1900;
calves, 5.00a9.50.
Fruits-Strawberries 30a35: pineap-
pies, 400a5.00: oranges, Florida, 400a
4.50; California, 3.50a5.50: lemons, $50
a550; lines, per 100, 1.75a2.00; apples,
bushel baskets, 1.00a2.00; box stock,
2.25a3.00; grapes, Argentina, 350a4. 90;
pears, 450; honeydeWS, Argentina, $50
a275; rhubarb, Michigan hot house.
5-pound boxes. 100; home grown, per
dozen punches, 20.
egetables-Potatoes Name ana New
York, 120-pound sacks, 2.75; Idaho
bakers, 100-pound sacks, ATS; Florida,
new per bushel, 800; sweets, Nancy
Halls. per bushel, 1.50; reds, 125a1 so;
cauliflower. 1.75a2 90; mushrooms, 5Oa-
90; squash, $50; eggplant, 4.5oa50 90;
asparagus, South Carolina and Georgia,
1.75a3,50 string beans, 2.00a4 90; limas,
Cuba, 450a5.00; Florida, 6.00a650; Gu
cumbers, Indiana hot house, per dozen,
1,75a2.25; tomatoes, three-pan contain
rots, ger crate, 275; beetS, per crate,
ais; turnips, punched, per crate, 275;
kale, 75a1.O0; spinach, scars; okra.
per pan, 100; Span containers, Cuba,
400a4.5O; broccoli, 500a5.5 so; peas, 400
Assoc; lettuce, Iceberg, 2.25a3.50; Flor
ida, ESQ.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
CHICAGO LIVE STOCK MARKET

CHICAGO, April up Omitted States
Department of Agricultural Hogs
Receipts, 10000 head, including 1000
direct: slow. mostly steady; light
weights steady to 10 higher; pigs 25 up:
good to choice, 140-2l0 pounds, 785a
500: top, 500: 22O-32O pounds, 7.1Oa
IT'S; pigs, 7.25a775; packing sows,
6.25a6 go; light light, good and choice,
140-160 pounds, 7.75a800: light weight,
10000 pounds, 7.85a800; medium
weight, 200-250 pounds, 740a8.O0;
heavy weight, 25o-35o pounds. 7.o0a
7.55; packing Sows, medium and good,
275-500 pounds, 625a6.65: slaughter
pigs, good and choice, 100000 pounds,
7.50a7.85.
Cattle Receipts, 1000 head: calves,
5000; fed steers and long yearlings
strong to IS higher fairly active at adj
vance; all interests in market; ab-idge-
ment in supply figures stimulating gen.
eral steer trade: kinds of value to sell
at 800 downward show most advance:
bulk of crop going at 7.25a8.50; several
loads, 8.75a925, with prospects of best
weighty bullocks around 1000; slaughter
cattle and vealers, steers, good and
choice, 100000 pounds, 8.50a1O.50; 900
100 pounds, 8.50a10.50; 1,100-1 800
pounds, 825a1 so; 1901 500 pounds,
8.50al0.50; common and medium, 600
300 pounds, 6.00a8.50.
Heifers, good and choice, 550-850
pounds, 6.50aS.75; common and me-
dunn, 5.50a7.25; cows, good and
choice 5.00a6.5o; common and me-
dium, 450a5.25; low cutter and cut
ter, 3.25a4.50; bulls (yearlings ex-
cluded), good and choice (beef), 450a
SIS: cutter to medium, 4.0oa4.65;
vealers milk fed) good and. choice,
6.50a8.00; medium, 5.5oa6.50; Gull and
common. 4.00G5.50; stociser and feeder
cattle, steers, good and choice, 500-1 ,050
pounds, 7.eoa3.50 common and me-
dunn, 525a725.
Sheep, $4,000 head; market not es-
tabiished early; few sa,es barely steady:
tendency lower; choice light weight
wooded lambs. $50; some held higher:
Springer sharply lower, 10.0oal45O;
lambs. 90 pounds down, good and
choice, 9.0029.75; medium, S25a9.0
81 100 pounds, medium to choice. 8.O0a
$50; al weights, common, 700a8.2
ewes, 90-150 pounds, medium to choice.
3 .75a5-25 all weights, Gull and common,
2 .00a425.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
FORD REPORTS $257
EARNINGS PER SHARE
Profit for 1880 Totaled $44,.
460,S23, Against $S1, 797,s61
in 1929.
Special Dispatch to The Star

Special Dispatch to The Star
BOSTON, April 9.-According to tbs
Balance sheet of the Ford Motor Co.
submitted to the Massachusetts, COM
missioner of corporations and made
public yesterday, the profit and loss
surplus of the company on December 81,
1880. was s7Os, 1888 PAT, against s664,-
427,424 on December 81. 1929. This
shows an indicated profit OF s44, 46O, 1923,
against S81, 797,861 in 1929. On the
l72,645 shares Of capital stock this rep
TeS5nts a profit for 1850 of $257.52 a
share, against $473.79 per share in 1929.
This period each year, when the COM
panyS balance sheet must be submitted
to the commissioner of corporations. is
tile only time at which figures on the
operations of the Ford Motor Co. become
public. All companies doing business in
Massachusetts must submit condition
reports.
The dividends that may have been
paid to the three owners CT the com-
pany, Henry Ford Mrs. Henry Ford
and Edsel Ford, are not taken into
consideration in the balance sheet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
Brokers' Comment

NEW YORK, April 9-The crowded
short interest leads brokerage house
commentators to believe the stock mar
ket rally can go further, although
nothing more than technical recovery
is expected. Opinion follows:
Otis &; Co.-For the remainder of
the week we believe the market in
general should do better.
Hornblower & Weeks-Until the
trading has digeSted the first quarter
earning reports due the end of the
month We do not look for any sustained
upturn marketwise, but the extended
short position in the market could give
us sharp rally the extent and dura-
ton of which cannot be clearly de-
termined.
Babcock, Rushton & Cove could
expect fair-sized rally from this level.
jackson Bros. Boesel g. Cove are
convinced that the total short account
in Wall Street again approximates
record proportions. We can state that
some we'll informed interests are con-
Vinced that the short interest has even
gone beyond all previous records. When
a similar situation existed last Janu-
airy a group was organized to Operate
on the bull side and aggressive short
covering IOlOWeO. we know OF no
similar plans at the present time, but,
to say the least, the time would be OPP
perfume for another demonstration
against the short interest.
Shields 81 Co.-Any unexpected good
news could influence a rally of fair
proportions. for the character of the
short selling gets weaker each day, but
without some new stimulus of this SORT
only spasmodic flurries are expected to
interrupt the downward drift.
Redmond & Cove believe the re-
covery can carry further and might
reach violent proportions in a few spe-
cialties of low capitalization, but any
rise at this time is purely technical,
representing a rebound from a tempo
rarily overscld position rather than the
of a major upswing. While
from a trading standpoint the chances
favor further recovery, it is no time
to be heavily long of stocks. Breaking
of previous resistance points on volume
selling should be regarded as another
danger signal and the possibility of an
early. testing out of the December lows.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
DAILY CHANGES ARE NARROW
IN HIGTI-GRADE BOND PRICES
Market Fluctuates Within Small RANGE
Character of Dealings in Investment
Field Is Described.

from two-thirds of the total sales on
the New York Stock Exchange.
That institution can and, on occasion,
does exercise drastic control over its
members. Many of the firms and COM
panies dealing in bonds are not mem
Ders and therefore beyond its control.
The exchange establishes minimum
commissions, which its members must
charge for transactions on the exchange,
but as bonds are bought and sold often
on extremely small margins II the ex-
change attempted to enforce its mini
mum charges on sales made off its
trading floor 1t would handicap its own
members. Before, during and after the
close OF trading on the exchange the
over the-counter market Is in full swing.
A bond trader often has IL telephones
on his desk and he uses all of them.
There Is fundamental difference be-
tween the stock and bond markets. A
substantial portion of all stock trans
actions in number and quantity of shares
Is composed of odd lots, originating
with the so-called small fry Specula-
tors. A comparatively small amount of
such people, because of the practice of
margin trading, can buy a larger
amount of stock than OF bonds which
are bought and sold outright. PIlr-
chases and sales involving 81 900 par
value are much less frequent in bonds
than in stocks.
A fairly large portion of the trading
in bonds comes from people who have
some degree of experiences in invest
ments, as trust officers of banks. and
fiscal executives of insurance com-
panies. Naturally they are better able
to trade than individual investors Of
limited means, which does much to ex-
10 a ofor
may trade outside the exchange, but
they carefully watch the course of
prices there for a cue to their own
conduct. Sales made on the exchange
are the guide for the over-the- counter
market.
Support for New Issues.
Frequently when a powerful banking
syndicate offers an issue of bonds OF
S50,000,000 to 100000 there is an
announcement by noon of the Offering
day that the bonds have all been
sold" or its equivalent, the Subscription
books have been closed" This should
not be interpreted to mean invariably
that all the bonds have been sold to the
ultimate investors. 1t signifies often
that the issue has been sold to dealers,
who, in turn. retail the bonds to or
binary investors.
When such an issue is sold to the
dealers there is usually a clause in the
syndicate agreement which provides
that the underwriting bankers will
support" the bonds G. e., prevent them
from selling below the offering price, by
buying such as may be offered in the
open markell for specified length of
tire. During that interval the dealers
do their best to sell such of the bonds
have he tV11e,
limit expires the bonds may or may not
decline, depending on market conditions
and the circumstances in the individual
case.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
Grain Market
BY the Associated Press.

BY the Associated Press.
CHICAGO, April 9-Buying orders
predominated in grains early today, and
prices averaged higher. European de-
mand was ported better, and atten-
ticn focused largely on an Official state
mont that stocks of wheat in all United
States markets were diminishing, with
the question Of grain storage not seri-
Gus one.
Opening 1sa5s c,nts up, wheat after
ward continued firm. Corn started I'M
changed to p higher, s2gged temporar-
lily, and then rallied.
Indications CT a renewal of good ex-
port demand for North American wheat
accompanied word of a decided falling
off in Russian shipments. Only 10000
bushels OF Russian wheat were exported
last week, against total Black Sea ship
ments of 100000 the week previous
and l168,00 a year ago Fresh export
business in North American wheat was
estimated at approximately 100000
bushels, including some domestic Win
ter. 1t was announced that No. l hard
Winter from the United States had
been bought in Liverpool at 697s cents
a buShel.
Corn and oats moved up with wheat
and as a result CT notable scantineSS of
corn receipts. Total arrivals at the
principal markets were only ITS cars,
compared with 304 week ago and 372
on the corresponding day last year.
Dry weather complaints from Iowa were
also bullish factor.
Provisions were upheld by rise in
hog values.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09

REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS

NEW YORK, April 9.-The follow
ig is a summary of important corpora
ton news prepared by the Standard
Statistics Co. Inc, New York, for the
Associated Press:
News Trend.
The increase in retail prices of popu-
lar priced cigarette which will b. made
effective next W. K b. Unitcd Cigar
Stores an Schultz E-tail Stcr-s is Of
particular interest as Indicating tn t
there has been more effective price adj
justment in this retail field Independ-
ent retailers are expected to conform TO
the higher level. That this development
is considered by many as favorable TO
the producers also is shown by yester-
days strength of tobacco stocks on the
Stock Exchange
Final reports Of February net operat-
ing income for class railroads show
a decrease of 54,2 per cent below Febru-
airy, 1880, confirming the unfavorable
situation indicated IN preliminary re-
ports Chain store salss for March con-
tinue mixed in nature,
In the days corporation news the out
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
Curb STOCKS FIRM
|DN SHORT COVERING
Market Remains Professional
as Public Interest Con-
tinueS Small.
BY JOHN A. CEoNE.

Special Dispatch to Inc star.
NEW YORK, April 9.--Faced with the
largest short interest since the bear
market began about Is months ago and
stimulated by cheerful news from scat
tered industrial fields, stocks on the
Curb Exchange opened higher and
maintained that trend in the first few
hours today.
The better tone of the market, how
ever, was due almost entirely to short
covering as public interest remained at
q low ebb and trading was largely in
the hands of professionals
Electric Bond g. Share shuttled back
and forth aimleSsly, while American g.
Foreign Power warrants and American
Superpower held their early gains fairly
well Cities Service most of the time
was fractionally lower.
Improvement in the price Of copper
was reflected only slightly in red metal
stocks. Better sales in automotive, tex
tile and machinery lines were mirrored
in such issues. The Oil Sterilization
conference at Washington brought fur
Their improvement into the oil division.
Chain stores moved more in keeping
with specific corporate developments
than any other security classification.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09

100000 additional per cent pre-
le.red stock thought likely.
Kreuger & Toll Co. 1880 common
share earnings, $3.04, against 1887,
based on average number of shares
outstanding in 1929
National Steel Corporation $4,000
600 first collateral mortgage sinking
fund bonds, due 1886, offered al 999.
Peop-es Drug Stores March sales up
IL per cent; months up So per cent.
Texas Gulf Sulphur denies rumor
sulphur prices will be cut.
Western Unicn telegraph
traflc reported running about IA per
cent under 1880 level.
Fox Film announces refinancing
plans, which include initial Offering CT
$30,000,000 per cent convertible deEen-
lures, due 1886, to stockholders. and
transfers to new holding company Of
holdings Of $50 900 shares OF IOew's,
Inc,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
SUGAR PRICE PLAN.

PARIS, April 8 (P).-The sugar beet
interests accepted today the Dutch pro-
posal made yesterday to the World
Sugar Conference, and Thomas L.
Chadbourne, promoter of the world
control plan, cabled Cuban sugar inter-
ests asking for their acceptance.
The Dutch proposal is to fix a world
price of cents pound and to add 5
per cent to the production quotas of the
Chadbourne plan.
Chadbourne said the problem was too
momentous for him to settle alone and
for that reason he had cabled not only
the Cuban producers, but American
banking interests in Cuba and Presi-
dent Machado
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
BY ALEXANDER HENDERSON,
Associated Press Financial Writer.

NEW YORK, April 9.-The bond
market, presumably Of great Importance
10 Mr.. Average Investor, since conserv-
alive bankers generally recommend that
the man Of moderate means should have
a few sound bond investments before
even considering stocks, is the most
complex of the securities markets, and
undoubtedly the most confusing to the
layman
The bond market is known to Wall
Street as 1.-The investment market" as
contrasted to "the speculative, or stock
market" 1t is the spectacular stock
market, however, which grips popular
attention, while the staid market for
bonds, with its ramifications and tech
nicalitieS, attracts the attention pri-
marily Of the professional dealer in in
veStmentS.
Fluctuations Narrow.
The stock market has the advantage
OF large speculative following, or the
professional day-to-day traders who
keep the ball rolling. They make the
market by providing an aggressive
group always ready to buy and sell. The
stocks listed an actively traded on the
New York Stock Exchange provide i'm
portant leadership and tend to central
ize the market.
Day-to-day fluctuations In promi-
nent high-grade bonds are narrow. Save
in a few 6efaulted or likely-to-default
issues, or issues convertible into stocks,
there Is little if any speculative follow
ing. There are hundreds of bond is
sues, which for lack of speculative fol-
lowing, have what is known as thin"
market. That is, there are few buyers
or sellers and person wishing to make
transaction is confronted with a sit
uation requiring study.
II he wishes to sell, he must make
price low enough to attract a buyer,
or II he wishes to buy, he must offer
a price high enough to bring investment
holdings into the market. Consequently,
the occasional transactions in the So
called inactive issues" show relatively
wide price changes, often meaningless
so far as intrinsic value is concerned.
While bond trading centers in the
bond department of the New York Stock
Exchange, the fact that the market is
thin" save in two or three score of
issues, leads to large volume of trans
actions through private and unrecorded
dealings. In many bonds listed on the
stock exchange, a great part of the
dealing does not take place there. In
this connection, it is important to note
that many of the largest bond distri-
buffers are security aff1liateS of banks.
and are not members of the stock ex-
change.
Oyer-the- Counter Market.
No attempt is made to tabulate the
total sales of bonds in the overtime
counter market. From the experience
of some of the more important firms
dealing in bonds it is known that the
turnover. in this market varies upward
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
PUBLIC SERVICE CONCERN
REPORTS HIGHER GROSS

Virginia Public Service Co., subsidiary
of Seaboard Public Service Co., reports
gross earnings for 1880 of S7,537 986, as
compared with $6903,587 for 1929, an
Increase of per cent
Balance available for bond interest,
<fter retirement appropriation, was So
057995, as against S2,829,611. Net in
come available for dividends was 81 ,523,-
718, compared with $1,265,255. The
company is part of the Midle West
Utilities System.
Earnings statement follows:
1880 1929
Gross earnings. .$7,537,9a6 S6,903,5S7
Gross income after re-
trement ........ 3,O57995 2,829,6l1
Net income ............ l.523.7l8 l,265,255
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
EXPECTS GAIN IN NET.

NEW YORK, April 8 P1.-V. "
Boatner. president of Chicago Great
Western Railroad Co.. told stockholders
at the annual meeting that, although
earnings figures were not yet available,
first quarter net for this year would ex-
coed that of the same period in 1880, as
well as that of any first quarter since
the end of Federal control.
Net for the first two months was
$151, 725, against $3l ,677 year ago. In
1880 the road earned S1,309,20 equal
to $2.78 preferred share, an increase
of $73,3 1925 over 1929.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
New York Cotton

Special Dispatch to The Star
NEW YORK, April 9.-Cotton prices
were 6 TO paints higher for all posi-
tons when the market opened today.
The buying was attributable to brisk
short covering, on the theory that the
wide drops of Tuesday and Wednesday
had left an oversold condition.
Opening prices were: May, 1920, UP
Z; July, l045. up Z; October, 1918, up
s; December 1929, up 6; January I'LL,
up 8, and March, 1125, up 8.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
CHICAGO DAIRY MARKET.

CHICAGO, April 9 (F9.-Butter: Re-
ceipts, 6,692 tubs; easier; creamery
extras (e2 score), 20; standards 600
score carlots), 26H; extra flrsts (eo-91
score), 251aa2534; f1rsts $3.50 score) b,
25a2514; seconds (s6-S7 score), 24a
24ia.
Eggs: Receipts, 26,943 cases. steady;
prices unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09
U. s. TREASURY BALANCE.

The United States Treasury balance,
announced today as of close of business
April Z, was s500,610,173.14. Customs
receipts for the month to date were
$7,962,097.51. Total ordinary expendi-
lures, $10,327, 1873.