davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24
Grain Market

BY the Associated Press.
CHICAGO, November 24.-Grains
showed an early trend upward today,
influenced by freezing temperatures in
domestic Winter wheat territory and
by firmness of wheat quotations at Iiv-
erpool. Price advances, however. were
checked by official announcement that
United States Government financed
wheat holdings on November totaled
189, 656.187 bushels.
Opening 1sa34 higher. wheat after
ward rose further, corn also started 1sa
"a up and continued to mount.
Price Setbacks that quickly followed
official acknowledgment of the huge
amount of unsold wheat in the hands
of Farm Board allies more than blotted
out today's early enhancement of val
ues. The bearish effect, however, was
minimized owing to recent heretofore
unconflrmed reports which had put the
total holdings at about the correct
less was generally regarded as a dis
tinct bearish factor, and led to general
selling.
In the downward swing of wheat
prices, July contracts went to a dis
count under May, as compared with a
premium that had been the rule of
late. Corn and oats gave way with
wheat, and were also sold on account
of opinions that cold weather would
put the corn crop In better condition.
On the other hand, Western points re-
ported keen demand from feeders, and
no corn offered Chicago arrivals of
corn totaled but II cars.
Provisions sagged, responsive to de-
clines both in hog values and in grains.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24
Washington Produce

Butter-One-pound prints, 36: tub, 80.
Eggs-Hennery, 38a42; current re-
Poultry. siive-rurEeys. young toms
and hens. 25a30: old toms, %; old
hens, 2za25; chickens, pounds and
over. 1920: 2 to 2la pounds. -0a22;
Spring broilers, %; hens, large, 1Sa2O;
small 15a17: Leghorn hens. 13a15:
coasters, lOal2; keats. young. 40a45; Old.
25a35.
Poultry, dressed-Turkeys, young
hens and toms, 37a40; old toms, 3Oa32:
old hens, 33a35; chickens, 3 pounds and
over, 2la23: 2 to 2la pounds, 23a25;
Spring broilers, 80: hens, large, 21a23:
small, 18a20: Leehorn hens. 16a1S:
ROSTERS. 13a15; Long Island ducks.
Meats-Beef, prime, I6; choice, 15a
152; good, 13a14; COW. 8ka9; veal.
top, Is; medium. 121aa13: lamb, top,
IS; fair, l3a14; pork loins, 8 to 10 pounds.
12a1212; 10 to II pounds. IL: IL to is
pounds, 10; fresh hams, Halls: smoked
hams, 19a20; strip bacon, I9a2O; lard.
50-pound tins, 9; package, 10; COM
pound, 7a7la.
Live stock-Hogs, heavy. 425a4. rs:
light and medium, 425a5. 90; pigs, 4. 5Oa
500; roughs. 21ba312; calves, 31la
8h; lambs. 31sa6.00.
Fruits-Oranges, Florida, 3.25a3.75;
California, navels. 4.50a475; lemons,
4.00a4, so: tangerines, 1.75a2.75: grapes,
Emperors, 2.00a2.25: Tokays, l.75a2.00;
grapefruit, 250a2.75; apples. bushel
baskets. 50a1.25; fancy box stock, 1.5Oa
$50; pears. 2.75a3.O0; pineappleS, 3.00a
$50; bananas, 250a3.00.
Vegetables = Potatoes, Maine, 100
pound sacks. 1.25: New York, 15O-pound
sacks, It's; Idaho, bakers, 100-pound
sacks, 2.25; sweets, per bushel, scars;
string beans, 1.50a2.O0: limas, 5.OOa
$50; eggplant, 4.O0a4.50; artichokes,
3.O0a3,50; kale, so; spinach, 5Oa75;
broccoli, 3.75a4.00: lettuce, Iceberg.
3 .50a4.00; New York, so; cucumbers.
5 90; celery, crates. 2.00a2 so; punches.
IS; tomatoes. 3-pan crates, repacks
20: California Tugs, 500; peppers.
400; crates. 3.50a4.O0: beets. per 100
punches, 400; mushrooms. 75al00; as
paragus: Pts; turnips.. per bushel, so:
peas, 3.50a3.75; satisfy. per dozen
rs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24
COMPROMISE m RAILWAY WAGE
DISPUTE IS NOW HOPED FOR
Carrier Executives and brotherhood Off,
Gals Do Not Show Any Disposition
to Bring on a Final Break

also reviews the facts in the contro-
versy and whose deliberations are likely
to be long drawn out.
Compromise Is Possible.
1t is confidently believed that the
present wage situation may come to
the point of an acceptable compromise
before going to this court Of last re-
sort. There Is no present disposition
on the part of organized railroad en-
ployes or their leaders to revolt openly.
The experiences of the 1922 shipments
strike are still bitterly remembered by
those who suffered from 1t.
One Of the arguments on which re-
lection of the wage-reduction petition
is based is that the income of railroad
employees should not be cut to pay
dividends on railroad stocks. At it was
put in the statement of Chairman Rob-
ertson of the Railway Labor Executive
Association, Labor cannot be called
upon to pay a dole to idle capital"
This Is not an altogether new philoso-
ply. 1t Is presented in modern terms.
In previous periods of railroad distress
1t has been stated by representatives of
railroad organizations that the money
of receivers was as good as any other
money" This inferred that railway
wages will always be a first lien upon
operating revenues, and whether it was
paid by a system that was insolvent
or solvent made little difference to the
recipients.
There has already been a reduction
in railroad dividends amounting to
$3.50 100000. compared with the pay
ments in 1880. AS this is only about
one-third of the total dividends dis
tributed in recent years, the view of the
railroad labor representatives is that
until the railroad stock holder has had
his income reduced to a minimum, the
carriers are not justified in exacting a
smaller rate of pay from their organ
lied employees in order to maintain
dividends. This will undoubtedly be
one of the main issues around which
the wage negotiations will center.
Demand Is Surprise.
The fact that it has been used so
pointedly indicates that those roads
which may have felt they could not
Justify existing dividends while they
were asking their organized employees
as well as their clerical STATS and their
officers to take substantial cuts in their
salaries, did not reckon on a demand
such as Is now being made and which
apparently involves the sacrifice. not Of
a portion of dividends but of large
percentage of them.
(CopyriRht. 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24
Baltimore Markets
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, Nd, November "a
White potatoes, 100 pounds, 75a1 10;
sweet potatoes. bushel, 35a50: yams,
barrel, 1.25a1.75: beans, bushel, 1.50a
200; beets, per 100, 2.00a3.00; brussels
sprouts. per quart, sails; Savoy cab
bage, bushel, 35a50; carrots, per 100,
celery, crate, 1.50a275; cucumbers,
hamper. 3.00a45O; elephants. crate,
250a4.00; lettuce, crate, 3.00a4.25; okra,
bushel, 2.00a2.50; peppers, hamper, 25a
rs: pumpkins, per 100. 3.00a6 90; onions.
per 100, 2.00a2.50; spinach, bushel, 30a
60; squash, bushel. 1.50a2. co. tomatoes,
lug boxes. 2.50a275; turnips, hamper,
15a25; apples ,bushel, 50a1.25.
Dairy Market.
Chickens-Young, 2ea22; Leghorns,
l7a20; old hens, I7a22; Leghorns. old,
l2al6; ROSTERS, l2a14; ducks, 12a19:
pigeons, pair, 25a30; guinea fowls, pair,
25a50; turkeys, 1928.
Eggs-Receipts, 948 cases; current
receipts, 28a30; small pullet eggs, 22a
IS; hennery, whites, 34a36; nearby
firsts, 30a32; Western firsts, 30a32.
Butter-Good and fancy creamery,
29a34; ladies, 20a22; process, 24a25;
store-packed, 15a16.
Live Stock Market.
ply. Market steady. Steers-Choice to
prime, none: good to choice, 8.00a
875; medium to good, 7oOa8.0O; fair
to medium. 5.50a6.50; plain to fair,
450a5.50; common to plain, 400a4. so.
Bulls-Medium to good, 4.00a4.25; fair
to medium, 3.50a4.00; plain to fair, 3.25
a3.50; common to plain. 3.00a3.25
Cows-Medium to good, 3.75a4.25; fair
to medium. 3.25a3.75; plain to fair,
250a3.25; common to plain. 1.50a2.50.
Heifers-Good and choice. 535a5.70;
dunn, 4.75a5.25: plain to fair. 3.75a4.75;
common to plain, 3.25a375. Fresh
cows and springers, 30.00a60.00.
Sheep and lambs-Receipts. 500
head; light supply. market steady;
sheep, 1.00a3.00; lambs, good to choice.
6.50a7.25.
Hogs-Receipts, 500 head; light sup
ply, market lower; lights, 5.10a5. 80;
heavies, 4.75a51o; medium, 5.10a5. 80;
roughs, 3.65a40 90; light pigs, 5.l0a5.45;
pigs, 5.10a5 80; Ohio and Western hogs,
10 cents higher.
Calves-Receipts, Is head; market
higher; calve7. 3.50a8.50.
Hay aud Grain Prices.
Wheat-No. 2 red Winter export. no
quotations; No. red Winter. garlicky,
spot. domestic, seq; November, see;
December, so
Corn-No. 2 yellow, domestic spot,
55a56; cob corn, new, 2.25a2.50.
Oats-No. 2 white, domestic, spot,
35Laa36; No. 3, 341aa35.
Rye-Nearby, 50a55
Hay-Receipts. none. New hay is
starting to arrive in increasing quanti-
ties. but so far no official grading has
been attempted, selling being strictly
on merit. Demand for old hay slow and
market is dull and quiet, with prices in
buyers favor at a range of 14.00al7.50
per ton.
Straw-No. wheat. 8.50a900 per
ton; No. l oats 9.00a10.00 per ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24
CHINESE BOYCOTT
IS FELT IN JAPAN
Textile Industry Especially
Affected by Recent De-
cline in Orders.

The Chinese boycott against japanese
goods is becoming so effective, the
Commerce Department was advised to-
day, that the Japanese textile trade Is
now depressed severely.
In a cable to tie department. Com
mercial Attache Halleck A. Butts at
Toxic said that october shipments Of
cotton piece goods to China amounted
to less than 100000 square yards, as
against 100000 for the corresponding
month of last year.
The Indian boycott against japanese
goods is also doing severe damages, ac-
cording to Butts, who cited figures
howing cotton piece exports to Indian
in October of this year totaled only g.
100000 square yards, compared with
rs, 500,000 for the like month of 1880.
Leading cotton manufacturers, &C
cording to Butts cable have expressed
the opinion that the recent increase in
curtailment of spinning activity will
stocks of yarn and textiles are not con-
sidered excessive.
Butts said October production of cot
ton yarn by mills belonging to the
Japan Cotton Spinners' Association,
which includes about SO per cent of the
SpindleS in Japan, was reported as 224,-
600 bales of 400 pounds each, or the
same as in the preceding month, but
considerably larger than the $1,000
bales produced in October, 1880.
october exports of cotton yarn
cotton yarn at the end of the month
aggregated $4,000 bales, according to
preliminary trade figures.
In recent cable from Shanghai. the
department was advised that a number
of Japanese-owned textile mills had
been forced to close, throwing out of
employment some $4,000 Chinese.
Although faced with depressed tex
tile activity, Japan is reported to be
getting some comfort over its growth iii
the world rubber footwear production
trade.
Trade Commissioner Paul p. Stein
tori at Toxic, in a report to the Com
merce Department. said Japan was one
of the leading producers in this line in
the world, and second to none in the
export field.
Footwear Production.
Steintorf explained that conditions
peculiar to Japan have made it possible
to produce rubber footwear at a price
much below that in other countries and
the influence of japanese competition
has been felt by exporters of all ma
tionalities.
Originally Japanese export trade was
confined to the nearly Far Eastern
markets, but within the last four years
activities have been widened to include
all Of the Far East, notably India; also
South America, South Africa, Europe
and, in the past year, even the United
States.
The comparative simplicity with
which rubber footwear may be manu-
60 H. IL. -
duction in countries such as Japan.
Evidence of this fact, according to the
trade commissioner. may be found in
the large household industry, turning
out some 100000 pairs of tennis shoes
annually.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24
WHOLESALE PRICE GAIN
REVEALED FOR MONTH
BY the Associated Press.

By the Associated Press.
Wholesale commodity prices have
shown during the last Su-day period the
first monthly gain since August Of last
year.
The index maintained by the Ma
tional Fertilizer Association, which in
cluues 476 individual commodities, stood
on November IA at 67.4, or fractional
points higher than q month previous
1t is based on representing 1926 1928
prices as 100.
OF the IA main groups comprising tia
index, advanced, z declined and Tfle
remaining 2 were unchanged during the
month. The advancing groups were
textiles, foods, grains, feeds and live
stock, fuel and mixed Fertilizer.
Among the declines were fats and oils.
fertilizer materials, agricultural imple-
ments. building materials. chemicals
and drugs, house furnishings and mis-
cellaneous commodities. The largest
gain was made by the group Of grains,
feeds and live stock, out food and tex
tiles and fuel also made considerable
advanced during the period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24
BY CHARLES F. sPEARE.

Special Dispatch to The Star.
NEW YORK, November 24-The only
comforting view that Wall Street could
get from the rejection by the railroad
brotherhoods of the 10 per cent volun-
tary cut in wages was that, as this in
creased the credit poblems of the car
riers. 1t might have the effect of bring
ing the Interstate Commerce Commits
sion around to an acceptance of the
railroads argument that the proceeds
of the proposed freight rate increase
should be used as a loan and not as a
gift to those lines in need of it.
The action of the brotherhoods was
an additional shock to holders of rail-
road securities, who had maintained a
certain degree Of confidence in the sue
cessful outcome of last weeks negotia-
lions. 1t resulted in many new low
prices today for railroad shares. 1t was
realized that 1t would have an impor-
tant bearing on the decision of railroad
directors in their dividend policies dur
ing the remainder of the year.
Long Delay Anticipated.
The effort to bring about voluntary
reduction in wages was made in order to
obtain the benefits of such a reduction
weak carriers and to avoid the long
drawn out negotiations necessary in
putting the wage question through the
series of tribunals that in turn must
review the merits of the case. On the
basis of past experience, decision is
not likely to be reached within six
months at the earliest. The proceed
ingS may lengthen out to nine months
or year. Eventually they may come
to elimination in a strike. 1t is be-
lieved, however, that, as present rela-
lions between the men who have been
handling the case of the railroads and
those who represent railroad labor are
so much more friendly than in any
other similar situation, the elements of
bitterness and discord which have pro-
longed arbitration and mediation in
the past will not again be present as a
disturbing influence.
The first body that In such emer-
gencies considers the facts in a wage
dispute is a board of mediation. If
this is not able to reach a solution of
the question it is within the right of
either interest to request arbitration.
In the event that arbitration is not agree
able and is rejected. it then devolves
upon the President of the United States
to appoint an emergency board, which
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24

what in excess of dividend requirements
for that period.
McKeSsOn e. Robbins.
Earnings this year of McKesson g.
Robbins, manufacturers and distributors
OF broad line of drugs and medical
products, are officially reported to be
running at rate equal TO that of 1880,
and may slightly exceed last years
profits. 1t is also stated that the COM
pany has been taking advantage of the
low quotation of its ponds by antici-
pating next years sinking fund require
ments.
If the above statements are accurate,
as they doubtless are, the SO so preferred
shares of McKesson e. Robbins, quoted
on the New York Stock Exchange at
prices to yield almost IA per cent, would
not seem oyervalued. In 1880 dividends
on the preferred stock were earned by
a margin of more than $1.000,000.
(Copyright, 1891, by the North American
Newspaper Alliance, Inc)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24

tlves OF railway employees, according to
Daniel Willard. head of the Baltimore
az Onla Railroad and spokesman for the
railway executives.
Inc meeting, designed to reach a
compromise on 10 per cent wage cut.
mas ended in disagreement, largely be-
cause the suggestion was not coupled
WIN any assurance that the money
saved would be APPLIED either to increase
employment"
Each individual railroad is now ex-
pected to take up the question of wages
win It's own employees, but the outlook
lor an early agreement cannot be re-
earoeo as particularly promising This
seems 10 be borne out by the market
ACTON OF railway securities.
German Credits.
once again, Albert H. Wiggin. head
OF the Chase National Bank, will be
summoned to help solve the German
problem pertaining to commercial obi
gatlonS. A meeting is called for De-
cemoer 10, in the course of which it is
hoped that plans will be worked out for
the treatment of private credits ex-
tenoed to the Reich when the stand
stlll agreement, which is now in effect,
IeIIHlIldIeS on FeDruary %.
IL Is ntlmated that the new arrange
mentS, which will go into effect March
l. will be drawn up among Germany's
creditors, who would contract with each
other to withdraw funds at stipulated
amounts or percentages at set intervals.
AS mead OF the new committee, which
includes, besides himself George w.
Dawson, F.. Abbott Goodhue, Charles E.
Mitchell and William c. Potter Mr..
Wlggin expressed the belief that other
American banks will join With the New
YORK banks in support of this commit
tee, as mas been the case in the past.
Funded Debt Reduced.
Net sales for the current year of Will
son & Co. are below those of last year,
due to the decline in prices, according
to Thomas E. Wilson. president. who
adds, however. that the financial posi-
ton of the company is excellent.
The funded debt, he points out. has
heen reduced appreciably, bank loans
nave been paid and the cash position is
better than it has ever been. 1t is par
ticularly interesting to learn from Mr.
Wilson that his company'S operations
in South America have been profitable,
although they have naturally been al
fected by the declines in the value of
South American and British curren-
cies.
Sees Better Business.
The first quarter of next year will be
a good one for the Borg Warner Corpo-
ration, according to C. S. Davis, presi-
dent.
AS a result of new models being
brought out by the various automobile
companies, some improvement is taking
Place IN the business of accessory con-
Germs. Mr.. Davis continues. He also
points out that present indications are
poth November and December will be
better months than October, which,
from the point of view of automobile
production. registered a low point for
some time.
The Borg-Warner board will meet for
dividend action within the next few
days on both the preferred, on which
S! Is being paid, and the common,
which Is now on a 81 annual basis.
Earnings available for the common dur
ing the first nine months were some
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24
CURB SHARES SAG
IN ACTIVE TRADING
Utilities Again Prove Feature
of Market-OiI Issues
Improve.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, November 24.-Opening
dun, but firm, today's Curb Exchange
session quickened its pace around mid
day. when prices were inclined to slip.
Electric Bond & Share moved back
and forth within half point, Cities
Service was virtually unchanged. Amer
lean Cyanamid B was off 20. Standard
Oil of Indiana gained "a point and
Humble Oil was up "a points.
A series of dividend declarations an
nounced in the first hour with the ex-
ception of the Humble Oil regular pay
ment, were without market effect.
WEIGH Grape Juice, declaring an extra
payment of Is cents a share, opened
off small fraction.
Oil statistics, along with crude and
gasoline price advances, were response
BILE for the improvement in the petro-
]eum division where Creole Petroleum
was up point and other Standard Oil
issues gained proportionately.
The early decline in Nehi Corporation
forecast the omission of the 15-cent
common quarterly payment due at this
time. Minneapolis Honeywell preferred
Grocery A made the best showing in the
grocery chains.
Roam Antelope and some other Rho
desian copper mine shares turned more
active as cables indicated that the Rho
cesisn region is stepping up metal pro-
duction to capacity in an endeavor to
surpass Congo production.
Canadian gold mine shares continued
in demand on the showing of the yellow
metal output in that country for Sep
TENDER, which at 240,22 ounces reached
a new high monthly record and COM
pared with 235, $50 in August and 178, 29l
in September, 1880. Recent heaviness
of the Dominion copper group can be
traced directly to red metal production,
which in September amounted to only
2f,887,93l pounds, compared with a.
15s, 496 in August and 1904 ,280 in Sep
TENDER. 1890
The opening was dull but firm.
Electric Bond & Share at 17ls was
ZIP IA. Cities Service at So was of "a.
Cord Corporation at z gained Ia and
Humble Oil, at 52l2, gained IA.
Standard Oil of Indiana and Stand
ard Oil of Kentucky at 1924 and 1919,
respectively, were both shade lower,
but Electric Power Associates, at 812,
Commonwealth Edison, at IA, and Con-
solidated Gas of Baltimore, at 70ls,
ranged from fractions to more than a
point higher.
Aluminium Co. of America early en-
joyed 3-point squirt. insult Utility
at l1h was up ~ Investment trusts
and natural gas shares were extremely
dull.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24
TEN BANKS REoPENED
DURING PAST WEEK
special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, November 24.-Bank
reopenings reported last week reached
10, while the number of bank cloSings
was at new low figure of 10, accord
ing to the changes for the week listed
daily in the American Banker.
The number of closings is the small
est and the number of reopenings the
largest since the beginning of the cpl
denic of suspensions which reached its
peak the first week in October when
1855 banks closed. Weekly totals since
then have shown the following declin-
ing trend, 119, 1l2, 70, 81, "a, and last
week. 1S.
The reopenings and reorganizations
of the defunct banks which had all but
come to a standstill during the height
of the bank closing period are definitely
under way again, 10 banks having
opened their doors last week. Towns
which have been without banking facili-
ties because of the failure of their
banks have evidenced the more opti-
mistic feeling which has spread over the
country and are making every effort
to either reorganize their defunct bank
ing institutions or to charter new
banks.