davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
bonds SELL Off
| IN DULL TRADING
Government and Municipal
issues Resist Trend, Co.
ing to Higher Levels.
BY F. H. RICHARDSON.
cial pispatch to The Star.

Special Dispatch to The Star.
NEW YORK, May 13.-Bonds sold on
in extremely dull trading today. The
main influence was the continued de-
cline of stocks and the absence OF any
indication of the expected revival OF
industry.
: Naturally the junior issues, where
earnings barely cover interest charges,
were most affected, but even higher
grade corpora ions issues were permitted
to sag fractionally. United States Gov
eminent bonds and municipals held to
their firm upward course, with new
high prices reported throughout.
A new reduction in bankers accept
anceS was followed by a further drop
in time money and 90-day loans were
negotiable at rates as low as IA per
cent, though the official quotation was
maintained at ! y per cent. But Wall
Street was again nervous and inclined
to lend an ear to rumorS of distinctly
pesSimistic character.
Foreign dollar bonds were weak, espe-
cially the Argentine group, which con-
tinued its active downturn into new low
ground. The A IS, for instance, dropped
2 points to 70, a record low price, but
at that level some support made its APP
pearance and all the issues showed a
feeble tendency to rally.
Chile government issues were off to
2 points following reports that the gov
eminent was making Short-term COM
mltmentS in order to secure money for
interest payments on its long-term obi
cations. Brazil government bonds were
of about point and so were Rio de
Janeiro 612S, IS and the obligations of
the States of Sac Paulo and MinaS
Gereas. The State Of Pernambuco re-
queSted 90-day moratorium on interest
due in London. The last interest pay
ment on the same loan was delayed As
days.
Australian issues were f1rmer. Euro
peans were generally firm. Austrian
bonds were active but about unchanged
despite the serious banking situation in
that country.
In the domestic list the renewed weak
ness in railroad common stocks again
placed in question the position of bonds
secured by common stock collateral or
dependent directly on earnings. Second
grade rails fell to points.
OIL company issues also were weak.
Phillips Petroleum K4s dropped 4 points
to price that reflected serious doubts
as to interest payments.
The new capital market was again
inactive. the only large issue being the
public advertisement of New York Citys
$4,000, 900 of four-year corporate stock,
which was reported sold in 10 minutes
when the books were opened Tuesday
at a price to yield 2.85 per cent.
Copyright, 1879
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13

tions below week before, and all were
less than year ago.
Utility.-Electricity output week ended
ended May g. estimated by Iron Age
at about Al per cent of capacity, I'M
changed from week before, against 485
per cent two weeks ago, 49 per cent
three weeks ago and 81 per cent four
weeks ago; operations like 1880 week
at over rs per cent. 1929 week, 81 per
cent.
Utility-Electricity output, week ended
May 9, totaled 1888, 939, 900 kilowatt
hours, "a per cent under like 1880 week,
according to National Electric Light
Association; preceding week was of
per cent from year before.
Rubber-Crude rubber consumption
by domestic manufacturers in April
estimated at 1891 long tons, 1.6 per
cent over March, highest since June,
1880, according to Rubber Manufac-
turers' Association; imports in April,
46,648 long tons against 40,338 in March
and 1927 in April 1880; total domestic
stocks on April 80 totaled 228, 1882 long
tons, 40 per cent over March and 81 per
cent over April, 1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
SLIGHT DROP NOTED
IN WHOLESALE PRICES
Thirty-Seven Commodities G,
Lower and 13 Advance
During Week.

The decline in the wholesale prices
for commodities sharpened somewhat
during the week ended May 9, as shown
by the weekly wholesale price index OF
the National Fertilizer Association
During the latest week the general in
dex number showed a decline of z
fractional points, compared with de-
cline of 2 fractional points for the i'm
mediately preceding week. The index
number on May stands at 7l.6. A
month ago the index number was 1876
and a year ago it was 906.
Nine of the fourteen groups compris-
ing the index declined during the latest
week, while five showed no change. The
groups which declined were textiles
fats and oils, other foods. fertilizer ma
terials, grain feeds and live stock
metals, building materials, fuel and
miscellaneous commodities.
Thirteen commodities showed price
advances, while 81 commodity prices
we're lower. Among the commoditie:
that advanced were wheat. corn. oats
-four, linseed oil, cotton, coal and rub
Der. Declines were noted in the prices
for wool, lard, butter. eggs, pork, cattle
finished steel, melting steel, copper
brick, lumber, fuel Gil, hides and coffee
Potash salts prices were lower because
of slightly increased discounts for pre-
season orders.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, Md, May 13.-PotatoeS
white, 100 pounds, 1.25a1 IS; new pota-
toes, barrel, 2.75a4.00; sweet potatoes
barrel, 2.00a4.50; yafns. barrel, S.50a4.5o;
beans, bushel, 1.25a2.25; asparagus, per
dozen, 1.25a2 90; beets, crate, 2.25a2 so;
cabbage, bushel, 60a1.10: carrots, bushel
celery, crate, 1.50a3 so; eggplants, crate,
200a5.o0; kale. bushel, 10a30; lettuce,
hamper, 25a1 90; lima beans, 3.50a6.00;
peppers, crate, 1.00a4.00; Spring onions,
per 100, 75al.2 spinach, buShel, 122a
As; tomatoes, crate, 1.00a4.00: apples,
bushel, 75a2.50; per box, 1.75a2 so;
grapefruit, box. 1.50a3.o0 oranges, box,
2.50a4.25; strawberries, quart, Sal5.
Dairy Market.
Poultry. Chickens. young, 25a
80: old hens. 21a23; Leghorns, I7ala;
ROSTERS, Halls; ducks, 15a26; guinea
fowl, each 50a75; pigeons, pair, 30a35.
Eggs-Receipts, 1894 cases. nearby
firsts. dozen, II; current receipts, 1872.
Butter-Good to fancy creamery,
pound, 221aa25; ladies, 19a2o: rolls. 16
alt; process, 21a22; store packed, IA.
Hay and Grain.
Wheat-No 2 red Winter, export
So; No. 2 red Winter, garlicky, spot
So; May, SO.
cob, 3.75a400.
Oats-White, No. 2, 38a39; No. g.
37a38.
Rye-Nearby, 55a6o.
Hay-Receipts, Is tons. While re-
ceipts of hay are ample for all require
ments. there is no surplus of heavy
clover mixed being offered. Such grades
VIII bring a premium of 81 to SO pei
ton, depending on the amount Of clover
Fair to good timothy ranges from $24
to $26 per ton.
Straw-Wheat straw, No. /, per ton
12.O0a13.00. Dat straw, No. !, per ton
12.00a13.00.
Live Stock Market.
CattIe-Receipts. 100 head; light sup
ply; market steady.
Steers-Choice to prime, none; good
to choice, o.00a6 so; medium to good,
700a7.75; fair to medium, 6.25a7 90;
plain to fair, 5.50a6.00; common to
plain, 5.00a5.50.
Bulls-Good to prime, none; good to
choice, none; medium to good, 5.00a
$50; fair to medium, 4.50a5.00; plain
to fair, 4.00a4.50; common to plain,
35oa4.00.
Cows-Choice to prime, none; good
to choice, none; medium to good 5.00a
$50; fair to medium, 4.00a5 90; plain
to fair, 3.00a4.00; common to plain,
2.00a3.00.
Heifers-Choice to prime, none; good
TO choice, none; medium to good, 6.75s
T25; fair to medium, 6.00a6.75; plain
to fair. 5.50a6.00; common to plain,
450a5.25.
Fresh COWS and Springers, 3oa7o.
Sheep and lanbs-Receipts, 100 head;
light supply; market steady; sheep, 1.50
a400; Spring lambs, 8.00a12.25.
Receipts, 500 head; light sup
ply, market lower: light, 7.75a8 90;
heavies, 700a770; medium, 7.75a8 90;
roughs. 5.o0a6.25; light pigs, 7.50a7.85;
pigs, 7.75a8.00.
Calves-Receipts, rs head; light sup
ply, market steady; calves, 4.0oa9.0o.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
JAMES C. FENHAGEN QUITS
BALTIMORE BANKING FIRM
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, May 13.-Jones C.
Fenhagen will retire from the firm of
Robert Garrett & Sons, local invest
ment bankers. on July /.
Mr.. Fenhagen said: "I am retiring
from the firm of which I have been
partner for 20 years in order to have
more time to devote to travel and other
matters in which am interested. The
plan has been in my mind and familiar
to other partners for some time and,
consequently, my retirement will take
effect July l."
In addition to Mr.. Fenhagen, the firm
as now constituted consists of Robert
Garrett, American Ambassador to Italy;
T Stockton Matthews and Edward K.
Dunn.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
STEEL PRODUCTION
SEEN AS STEADYING
Demand Shows Tendency to
Level OFF and Halt Down.
ward Trend.
By the Associated Press.

By the Associated Press.
NEW YORK, May 13.-Steel demand
shows q tendency to level of rather
than to decrsaxa further, and the grad
ual decline m 4ngot output which be-
gan IN tne lattF" VSrt OF March has
been arrested, Iron Nss will say tomor-
row in its weekly review Of the in
dustry.
Operations Of finishing mills con-
tinue to vary" the review says, with
slight gains in some products Offset by
losses in others, but raw steel produc-
ton for the country at large remains
unchanged at AZ per cent Of capacity.
Factors TO Check Trend.
Factors that have done the most to
check the downward trend OF steel de-
mand are q better performance by the
automobile industry than had been ex-
pected and q larger movement of
structural steel, reinforcing bars and
line pipe. Tin plate production, al
though still relatively high at 10 to rs
per cent Of capacity, is tapering in line
with seasonal influences, and specifica-
tons from farm equipment makers have
receded. Rail mill operations are
slightly higher at Pittsburgh and few
points lower at Chicago. Miscellaneous
orders fer steel have remained at the
low level of the last few weeks. reflect
ing the extreme conservatism Of the av-
erage buyer
The sagging tendency Of prices has
not been. halted. The Iron Age COM
posite for heavy melting scrap has de-
cLned from $1033 to 1888 a gross ton,
the lowest figure since November 10,
1914. At Pittsburgh this grade fell IS
cents ton, at Chicago so cents, and in
Eastern Pennsylvania rs cents.
In the laSt-named district 1000 tons
was bought at SO, delivered, the lowest
price paid in that market since 1896.
Curtatled consumption and large yard
accumulations are both depressing fac
tors, but Pittsburgh opinion Is that
scrap prices are approaching bottom,
and signs of accommodating resistance to
the trend are seen in advances of 81 a
ton on machine shop turnings in Cleve-
land and IS cents a ton on borings
and turningS at Detroit.
Auto Increase Expected.
Automobile production in May Is
now estimated at $40, 900 units, as COM
pared with 343, 909 in April, the peak so
far this year. June output is condi-
toned by the plans Of the Ford Co.,
which are shrouded in mystery, but Q
total of at least $4,000 cars Is looked
for"
New projects requiring fabricated
structural steel are In excess Of 81, 900
tons this week, bringing the aggregate
in 20 weeks of this year to 1,248. 900
tons, compared with $4,000 tons in 20
weeks of 1880 and 679,000 tons in the
same period of 1929. Awards of fabri-
Gated steel are small, totaling about
16,500 tons.
The Iron Age composite prices for
finished steel and pig iron are I'M
changed at ALA cents a pound for the
former and $15.7o a gross ton for the
latter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
BOSTON WOOL MARKET.

BOSTON. May IS (SpeciaD "A fair
volume of business is being transacted
in a number of lines Of domestic woods
in the market here. On Ohio and
similar f1eeces, strictly combing Sos and
Cos are selling at 25 to &c cents in the
grease, or SIS to 81 cents on a secured
basis. while strictly combing SIS are
selling at % to % cents in the grease,
or Al to A secured. Prices are inclined
toward the low side of these ranges.
Fine territory combing clean was
quoted today at 62. French combing,
58a60; half blood, 56a58; three-eights
blood, 48a50 and quarter blood, 43a45.
Fine Ohio fleeces were quoted at 25a26;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
MACHINERY BUSINESS
CONTINUES SLUGGISH
Special Dispatch to The Star.


NEW YORK, May 13.-Business Is
still sluggish in the country's machin-
cry and machine-tool markets. Sales of
tools are now principally TO government
national, State or municipal-and to
school boards, the Navy, and other
sources ordinarily not considered i'm
portant as order sources. Prices, how
ever, are holding steady and there are
scattered indications of increasing ac-
tivity, American Machinist reports.
New York's market was quiet during
the week, except for several small sales
and 20-tool school inquiry. General
Electric purchased a pair of smaller
lathes to accompany the $4,000 unit
purchased last week. Chicago also re-
ports dizziness, relieved only by closingS
on the recent railroad inquiries and a
24-lathe inquiry of the school board
there.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
DEPOSIT OF BONDS
ASKED BY COMMITTEE
Special Dispatch to The Star,

Special Dispatch to The Star.
composed of A. Raymond Bishop, Ffdel-
Philadelphia Trust Co.; Alfred c..
Dent, Chemical Bank & Trust Co.. and
James B. Dey, jr., Norfolk National
Bank of Commerce and Trusts, has
called for deposits of Norfolk-Ports-
mouth Bridge Corporation 612 first
sinking fund bonds. A letter states
the committee is opposed to fore
closure proceedings and favors opera
ton of the company under receiver now
appointed. Two committees formed by
Frederick A. Pierce g. Co., Philadelphia,
and Gillett & Co., Baltimore, have pre-
viously called for deposits of the 6l2s
and the per cent debentures.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
Washington Stock EXCHANGE

SALES.
Wash. Gas IS 1880 at 1861.
Capital Traction Colo at "a. 30 at
"a, 10 at "a, IS at "a.
Wash. r. & E. pfd-10 at $685..
Riggs Bank-10 at 375, 10 at 375.
Amer. Sec. g. TT. Cos at 800, 2
at $50.
Amer. Fire ms. Co.-18 at 2s0.
Mergenthaler Linotype-10 at 80, 10
at 80.
Ter. Refrg. & Whrs. Corp-10 at As.
The Carpet Corp.-10 at 221a.
AFTER CALL.
Pot. Elec. 81 pfd.-5 at 1121z.
Riggs Natl. Bank at 376.
CANCELLATION,
The sale as of yesterday-Potomac
Elec IS 1858, $500 at 109-was can
celed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
CLAUDE NEON PATENT
UPHELD BY COURT
Special Dispatch to The Star.

JIopttlNII
CINCINNATI, May 13-The United
States Circuit Court of Appeals, sixth
circuit, Cincinnati, has handed down a
ent 1,125,47 to be valid and infringed
by the Sunray Gas Corporation. The
decision upholds the findings of the
United States District Court in Cleve-
land. The District Court held the cor
porate defendant liable for profits and
damages and enjoined it from further
infringement.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
CAR LOADINGs INCREASE.

Loadings OF revenue freight picked
I'D sharply during the week ended May
2 as the change was calculated by the
American Railway. Association. Foi.
lowing are the totals for comparable
periods: ,,.oo, -.
Previous week, 75e,272 cars.
same week last year, s42.674 cars
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
Merchandise Buyers Drop.

NEW YORK, May IS (P).-The num-
Der Of buyers in the New York whole
sale merchandise market during the
past week showed decrease as COM
pared with the preceding week and for
the same period a year ago, according
to lists published in the New York
Times. For the week ended Tuesday
6I3 buyers were listed, against 691 In
the preceding week and $50 in the like
week last year Registrations yester-
day numbered 243, compared with 269
q week ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
Retail Sales Unfavorable.

NEW YORK, May IS (R.-Figires
on May retail sales thus far are not
particularly encouraging, New York
trade circles indicate. Weather condi-
tions for more than half of the selling
DAYS Of the month to date have been
unfavorahle for the stores and con-
census Of comment by retail executives
was that business is hard TO get" To
Offset current conditions more agrees
sive merchandising and promotions are
being resorted to.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13

Dividend the above table
yearly decaa-
Unt of trading less than 100 shares Psrty extra tpus
sPayabe sPus go in Paid
regular rate PAYABLE in stock PAYABLE when earned
Payable cash stock Plus 80 in stock Plus SO
Plus 2 in stock Plus soc in special preferred stock Plus
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY
MISCELLANEOUS.

Barber & Ross; Inc: 0las... 80 .....
SoisnPIs cogSsSS e SbiSS 5is;:::: i iSs log
y Wash 8; f nPs G ME S S.; 60 so
Wash. Cons. Title 6s 100
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
SAVINGS BANK.
FIRE INSURANCE

Barber & Ross. Inc com 500. 1917 10
Col. Medical Bldg. Corp. o.. 95 49,.
Col; Sand & Gravel pfd. o.. go sS
pist: Natl Sec. pfd. lD:.::..... 68 e
Federal Storage pfd Isl ........ 10 $50
FED Am. Co. com. 1000 ...... 2l12 q
Fed.-Am Co, pfd (6J 80 100
Lanston Monotype 90 ....... SO lo3
Mer TT. & Stge. com. l0l..... 81 100
Mer. Tr. & Stge. pfd. d.. % IS
Mergenthaler Linotype 90 ...... 80 81
Natl Mtge. & Inv. .pfd. go. -. IA -,
Peoples DruS S. pfd. (6i2)..... 10l 1927
Reel Est M e. @. pfd. d.. ga I
Security STORAGE (4e) ......... 104 ll3
Ter. Ref. 81 VIII. Corp. o., as 50
The Carpet Corp. Il, 50c) ....... % rs
w. Mech. Mtge. com. (6) ....... ga 500,
Wash. Med. Bldg Corp (7s). IS 49,.
Woodward & Lothrop com. Is
WnndUard 4. InfhrnY1 MD III 1nhA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
STOCKS.
PUBLIC UTILITY.
TRUST COMPANY.

Amer. Sec. & Tr. Co. Q5)... 325
Continental Trust 90 ..., lis
Natl Savings & Trust (l2t) 49,. 400
Prince Georges Bank & Trust. %
Union Trust (8s) ........... 200
Wash. Loan & Trust DID,. 4l0
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-26
Ho7v Group of Skilled Federal Shs Caught Scatace Al Capoue

same sort Of indictments are now pending
against County Assessor Gene G. Oliver and
former Building Commissioner Christian p.
Paschen of Chicago.
Another remarkable part Of the Federal
strategy was that, although the big Shot"
himself was the ultimate objective, District At
torney johnson began his final squeeze on
some of the smaller fry To close in on Public
Enemy No. l right off the bat would have been
o far more difficult job
Riding the crest of the wave Of luxury, sur"
rounded by a perfectly functioning organization
rehabilitated since his return from jail in Phil
adelphia Capone himself was literally out Of
reach of the law. District Attorney Johnson
proceeded therefore, to build fires under some
of the ranking lieutenantS in the organization.
Ralph Capone, the big Shots" brother, was
first dragged in and sentenced to three years
in Leavenworth for tax evasion. He Is also
under indictment for conspiracy to violate the
prohibition laws. Next, Frank Nitti, financial
genius of the Capone organization was tracked
down. He pleaded guilty on q tax indictment
and is now serving Is months in Leavenworth.
Jack Guzik, another important cog in the
Capone cabinet was next. On a plea Of guilty,
he went over for five years. His brother Sam,
followed. Sam left Chicago for Leavenworth
the day Capone went into court.
Louis Lipschultz brother-in-law Of Sam
Guzik, is also under indictment. Frank Lake
and Terry Druggan, two powerful independent
beer operators who divided territory more or
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-26

less peacefully with Capone and fought the law
with him, took the Guilty" route to Leaven-
worth.
Tony "Mops" volpe, one of AIS personal
bodyguardS was shared by the immigration
authorities for illegal entry. and Is now await
ing deportation His case Is on appeal before
the immigration authorities in Washington.
About the same time Machine Gun Jack"
McGurn took the legal count under the Mann
act.
\A/HILE all this disaster was breaking about
w the ears of the Capone courtiers, Louis
La Cava, once a Cicero gambler in Capone's
confidence was brought from Pittsburgh by
the revenue agents for examination on the
Income" of his old master. La Cava, himself
close to indictment on a prohibition count,
sought to ingratiate himself by a frank and
friendly account of everything he knew
Similarly. another henchman was brought in
from Florida, where Capone maintains his
travagant Winter home. Here he received fire.
quent Geographic remittances from Chicago.
This was more income" Another witness was
'Two-Gun Louie AtcrS, formerly Capone
bodyguard who was returned from Colorado.
He was indicted later for perjury, and is now
awaiting trial.
When such key men in the organization be-
gan to fall before the law, signs of disntegra-
ton began to appear all along the line. The
morale of the organization sagged, from the
runners and lookouts. And things got hot
all along the racketeering front scores of
frightened hirelings began to seek the cover of
immunity.
So important this cracking-up process,
once it started that last March, when the dis
trict attorney at Chicago obtained an indict-
ment against Capone for his 1924 income, the
bill never was presented in court For just
about this time the big break in gangands
morale brought in new material almost in suit
cases.
In the two months following, the revenue
men were able to perfect similar cases on in
come for the five years after 1924. As result.
the mass Of Capone evidence finally placed be-
fore the grand jury was so vouminous that
three months were required to sift it.
Whenever the Chicago prosecutors called one
Of the gangsters before the grand jury for ex-
animation, his testimony was taken down in
shorthand When his recital completed,
the transcript was read once more to the grand
jurors by an assistant prosecutor and again
taken down in shorthand The reading attor-
ney then swore to the testimony before the
grand jurors.
Thus there Is secure foundation for perjury
action If any witness later changes his story
in any vital respect.
Seldom in American criminal history has
great roundup been conducted with such thor
oughness In this respect, according to the
Governments indictment experts, the case
against Capone was ironclad and holeproof.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-26
Royaly HapRyDo7cm on the Farm

and then one Of these is discovered making .
heroic fight to win living from the soil.
But those who went out West with their
titles fully or partly displayed number many.
There IS Prince Erick of Denmark, who, before
his marriage a few years ago to q Canadian
heireSs, lived on his farm near Calgary. In
the interior Of British Columbia the Marques
of Anglesey has a cattle ranch. The eighth
Lord Aylmer lives on a fruit farm near Koo-
tcnay British Columbia, the farm having been
in the family since 1881.
A Teutonic peer, Ethelbert, Count Of Thun-
hohenstein, arrived in 1926. German colony
has been started by Count Otto Won den Hagen
in Saskatchewan. Count Esterhazy IS another
Hungarian who turned farmer and brought
other Hungarians to the fertile grain lands Of
the West. Two more noblemen are engaged at
present as farm hands, prior to taking up
their own land Count William Ressegueler Of
Austria and a Swedish peer by the name Of
Count j. w. Hamilton.
An Italian sailor, whose titled family runs
back to 1900, is another Of the aristocratic
farmers of the region. Admiral @. Como, after
whose family the beautiful Lake Como in italy
has been named and whose ancestral palace in
Naples IS today museum. Is relative Of the
King Of Italy. - J.. ...,.. s.<