davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
COPPER PRICE CUT
RESULTS IN BUYING
BY the Associated Press.

BY the Associated Press.
NEW YORK, July ia further
reduction of half a cent pound in
the price of export copper today brought
the price to a parity with Scent
domestic copper and caused o squirt in
buying
Meanwhile. already burdensome cop
per stocks showed a further increase,
finished copper as Of June 80 being
14.807 tons in excess of the total at
the end of May. Reductions in prices
during the past week or more have
been accompanied by rumors that cop
per stocks would show an increase.
some estimates placing the figure as
high as 10000 tons.
Finished stocks at the refneries In
North and South America as of June
30 totaled 413.474 tons. compared with
1913 667 tons on May 81. and 3l6,762
tons at the end Of June 1880, the
American Bureau of Metal Statistics
reports
Blister copper stocks on June 80
were 49,, 1853 tons, against 19O.578 tons
May 81. and 1896 tons April 80.
Total stocks of refined and blister cop
per In North and South America June
80 were 600, 1927 tons. compared with
589 PAS May 81 and 56l 1877 April 30.
United States mine output of cop
per in June was 44.647 short tons.
against As $50 tons in May and 56,743
tons in June. 1890.
The half-cent reduction in export
copper was the second this week and
brought the foreign price to 8275 cents
pound, elf. European base ports AS
result of the cut buying for export.
which has been practically at stand
still, jumped this morning to 100000
pounds.
Revere Copper and Brass Corporation
today reduced prices to the basis of 8
cents q pound for electrolytic copper.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
BRITISH TEXTILE
INDUSTRY IMPROVES
BY the Associated Press.

BY the Associated Press.
Conditions in the British textile in
dustry improved slightly during the lat
ter part of June.
This was announced by the Commerce
Department on the basis of cablegram
from Donald Renshaw, acting CONNER
cial attache at London.
At the same time the department
made known that the United Kingdom,
including England, Ireland, Scotland
and Walks, was the third largest pur-
chaser of American textiles in 1880. ex-
elusive of raw cotton. The amount
bought was valued at $12,989. 900.
The yarn trade" the report on the
British industry said, was stimulated
by the advance in cotton prices and
more interest in cotton cloth was no.
ticeable although actual business was
still on moderate scale.
Demand from China was better
owing to the appreciation of silver,
while inquiries from the Near East and
British India are also said to have in
creased.
I'm the wool trade, raw wool, tops and
yarns showed a firmer price trend to-
ward the end of June, but the piece
goods sections continue depressed, with
support mainly. confined to the home
trade.
with the exception of household lin
ems, the Irish linen trade was quiet.
Hosiery orders during June were re-
stricted. but mills making full-fashioned
silk hosiery reported fair activity"
The Commerce Department said the
United Kingdom was the largest Euro
pean purchaser of American textiles. but
was outranked by Canada and Cuba.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
HOOVER DEBT PLAN IS PRAISED
AS HELP TO BUSINESS WORLD
Bankers Journal Considers President
Proposal Is Beginning of Movement'for
Recovery of World Trade.

seasonal. or possibly more than sea
sonal, recession. but retail trade Is hold
ing up very well, particularly as meas
ured by physical volume of goods sold.
Commodity prices have rebounded
rather sharply, and this has stimulated
the placing of forward orders. Textile
manufe curing Is now slowing down, but
so fer this year has made an excellent
showinT. ell things considered. Shoe
prCauctioa and sales are running ahead
of a year ago. end other lines here and
there are resisting the seasonal decline.
Low rates in the short-term money
markets are now spreading rapidly to
the h!gh-grade, long-term investment
markets and even to the real estate
field, where mortgage money rates are
being reduced and building and loan
associations are lowering their dividend
rates.
Excess In Reserves.
Banks In New York City have an
excess Of reserves as q result Of heavy
gold imports and release of gold pre-
viously held under earmark It is APP
parent that the gold inflow cannot be
checked by lowering the bank rate. for
the reason that 1t Is sent only because
of the necessity of meeting payments
due in America and to maintain for
eign exchange rates. It Is noteworthy
however. that the Federal Reserve
banks, in the pursuance of their easy
money policy, are further increasing
their holdings of Government securities
Such bank suspensions as have &C.
CURED recently are no longer regarded
as materially affecting the business out
look, but as rejecting past difficulties ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
UNTITLED STEEL
ORDERS IN DECLINE
Nv the Associated Press

Bv the Associa ted Press
NEW YORK. July ll.-Unfilled
orders Of the United States Steel Cor
poration showed decrease Of l4i.l29
tons In June to total Of 3.479, 1923 tons
June 80. In May decrease of 277.277
tons was reported.
The back log as Of May 81 was
3,620,452 tons. On April 80 untitled
orders aggregated 1897, 729 tons, against
3.995,330 tons on March 81. On June
80, 1880, untitled orders amounted to
3,968,064.
June is normally q month Of declin-
ing buying orders in the steel industry,
which Is now looking for little or no
improvement for at least another
month. In only two of the past seven
years has June seen a boost in the
steel corporations back log.
1t is estimated that the company's
rate Of ingot production last month was
between 81 and 38 per cent OF capacity,
the lowest since last December, although
there has since been a further contrac-
ton. The corporation endeavored to
balance production with orders. but
consumers are still hesitant despite
their curtailed stocks Trade circles
have reported some pickup in senti-
ment as result of the Hoover debt
plan. However, this has not yet been
translated into contracts and the indus
try as whole is in its usual Summer
slump.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
GOLD AS PROSPERITY
FACTOR IS STUDIED

To men, as to nations, the possession
OF gold is a symbol of prosperity. Let's
see. The United States has more gold
than 1t ever had, says the Magazine of
Wall Street-and less prosperity. The
banks are bursting with gold and barely
meeting their dividends. Our great cor
porations have immense reserves of gold
equivalent and their business is dwin-
ding. All the nations are sending gold
to us and, our business with them Is
fading away. The truth Is that large
Accommodations Of gold are an inverse
measure of prosperity. Probably four
fifths of the gold In Federal reserve
banks is idle-and nobody ever con-
tended that idleness makes for pros
perity.
The fact Is that except as it is used
as the basis of bank credit gold has no
relation to prosperity. But when there
is no business, there is no credit and
gold Is useless. In other words, bust
ness gives gold utility value. Gold is
dead until vitalized by commerce. The
piling up of gold in any country does
not signify that it is prosperous; it
merely shows that that country is CIV
ing other countries more goods than it
receives; that 1t is parting with more
disable wealth than it is getting back
Today the United States is receiving
gold and going without goods it would
like to have. And because it is receiv-
ing gold 1t Is selling less than 1t would
like TO. When we are prosperous which
means that credit Is being freely ex-
tended. we need gold because it is the
one commodity that mankind has
agreed to accept on balance In place of
the goods it would rather have.
1t is merely a balancing item In the
of1setting of credits against debts. 1t
might be systematically said that pros
perity makes" gold and "unmakes" it
instead of gold making or unmaking
prosperity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
OIL OPERATORS PLAN
CUT IN PRODUCTION
BY the Associated Press.

BY the Associated Press.
TULSA. Okla. July 1l.-Facing the
lowest crude oil prices in the ..-istory
of the Midcontinent area. operators in
Oklahoma and Kansas have launched
moves which may bring an indefinite
shutdown Of their wells.
In Texas. where the prolific East
Texas district has been blamed for the
breakdown of the crude oil market. the
State Legislature Is under call to con-
vene in special session Tuesday to con-
slider proposals to strengthen the Texas
Railroad Commissions powers to reg
ulate production.
Shutting down of wells in the flush
Oklahoma City field already is under
way. Operators in that field will meet
this afternoon to consider a suggestion
for a complete shutdown until the oil
market improves.
Kansas producers were called to meet
tomorrow at Wichita to act on a pro-
posal to halt production until such
time as there Is a demand for crude. p"
Oil men said the new price schedule.
under which the average price for Mid
continent crude oil has dropped from
80 cents to Is cents a barrel. would
force the shutdown of hundreds of
small "stripper" wells whose average
production is only few barrels daily.
The new low prices, initiated in Texas
by the Humble Oil g. Refining Co, have
been met by many of the major pur-
chasers in Oklahoma, Kansas, Texas
and New Mexico. The schedule ranges
from 10 cents a barrel for low gravity
oil to % cents a barrel for the top
grades. It represents a reduction of 81
cents barrel since last November.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
Washington Produce
Butter-One-poun prints. 2ai,. I

Butter-One-pound prints, 2sla; tub
27l2.
Eggs-Hennery, l7als; current re-
ceipts. l4al6.
Poultry. alive-Spring broilers. 3
pounds and over. 33a34; 2 TO 2l2 pounds
30a32; small. "a to 2 pounds, 27a28
Leghorns, large, 28a29; medium, 23a24
hens, large, 2la22; small. 17al8: Leg
horns, 25a26; small. 17a18; ROSTERS
lsal4. Dressed-spring broilers. )
pounds and over, 37a38; 2 to 81 pounds
34a35; IL to 2 pounds. 32a33: Ieghorns
large, 28a29: small. 25a26; hens, large
24a25 small. 20a2l; Leghorns, l7al8;
ROSTERS, l5a16; Long Island ducks,
22a23.
Meats-Beef, top. 1918: medium
l2i2al3; COW, IL; veal. 12al2i2: Spring
lamb, l7alS; pork loins. fresh killed,
loa20: frozen. 17al8: fresh hams, l71e
fresh shoulders, Is; smoked hams. 1872 +;
smoked shoulders, IL; strip bacon, 81
lard, in bulk, 10: in packages, IL.
Live stock-Hogs. heavy, 650a7 so
light and medium. 7.50a7.75; pigs, 7.00a
u.s. roughs. 300a5.0o; calves, 4.0oa
TOO; Spring lambs, 400a7 90.
Fruits-Watermelons. 35a80; canta
loupes. California. 350a4.00; North
Carolina, 2.25a250; honeydews. l.25a
$50; honeyballs. 200a4.00; oranges
500a5.50; lemons, 600a7 90: grapes
Malagas, 200; pineapples. 350a45o;
plums, crates. 200; gooseberries, 4.0Oa
4.50; currants. 40oa450; raspberries
4.50a5.0o; apples, June. 100; box stock
2.50a2.75; peaches, bushel baskets, zoo
a2.50; grapefruit. Porto Rico, $50;
lines, per 100. 1.5oa2oo; blackberries
4.00a4.50; huckleberries. 225a3OO;
mangoes, 400; rhubarb. per 100
punches, 2,50a300; bananas, looa2 SO;
cherries, fancy. l5-pound box, 200.
Vegetables-Potatoes, per barrel, zoo
s2.50; tomatoes, home grown, 2-peck
baskets. l50a1.75: Florida. Span
crates, l.25al50; Mississippi. flats. rs;
turnips. 50a60; lettuce. iceberg. 450a
500: string beans. 75a1 90; limas, l Sc
a2.00; squash. 2-peck baskets, So cab
bage, bushel baskets. 25a40: kale, IS
spinach, New Zealand, so: peppers, 200
a2,50; carrots, per 100 punches, 800:
beets. per 100 lunches. 200: corn, loo
a1.25: onions, Texas, 1.25; Spring, per
100 punches. 2.00a2.50; okra, per pan,
65a75.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
BUSINESS MACHINES
LIFTS FOREIGN SALES
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. July 1l.-Business of
International Business Machines Corpo-
ration in Mexico and Cuba for the first
six months was 80 per cent ahead of
the FIRST half OF 1880 and larger than
any corresponding period In the COM
of the foreign organizations Of the COM
pany. reported on returning from a
recent inspection trip In those Latin
American countries.
Widespread economic growth in Mex
leo and Cuba within the next 10 years
as the result of governmental encourage
ment and the further adoption of mod
ern business methods and equipment
was predicted by Mr.. Nichol. He ex-
pressed himself as confident regarding
the outlook in those countries for his
own company and other American man
ufacturers Of mechanical products.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
spsc;sI Disoatch to The star,

Special Dispatch to The star
NEW YORK. July 1.-THE proposal
initiated by President Hoover for one
year suspension of payments on inter-
national government debts has had
profound effect in bolstering optimistic
sentiment in the business world, the
American Bankers Association Journal
declares in starting Its discussion oil
business conditions In its current issue.
Both In this country and abroad II
was received with an acclaim that
promises to make the action ore OF
historic Importance. The world Is
weary from debts. deficits and depres-
sion, and years respite might well set
the natural economic forces on their
way to recovery.
ut will take time. however. to see In
just what ways and to what extent
this action will prove beneficial, and II
is by no means certain that 1t Will be
adopted In its original form. Probably
many people overemphasize the signifl-
canoe of the proposal and fail to realize
! that 1t Is only beginning In straight
+; ening out the tangle in world affairs.
Slow Recovery Seen.
Apparently Wall Street considers a
! moratorium on debts synonymous with
a millennium of prosperity and pro-
!, ceeds to discount the rise in stock prices
| for several years ahead but the return
of prosperity is likely to come, as in
| the past. from progress on the farms,
! in the factories and the stores and in
the homes rather than from the course
of trading on the stock exchanges.
Industrial production is following a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
Carbon, the indispensable.

The value and extent to which car
bon enters into our existence are but
little realized by most of us. In fact
one scientific writer has said that it is
the most wonderful substance in the
world. Soot.~ lamb black and pencil
leads are all forms of carbon-and 50
is the diamond.
The carbon atom possesses one re-
markable quality. 1t enables other
atoms to combine into huge groups or
families from which all kinds of sub
stances are made. BY themselves the
atoms of oxygen, hydrogen and nitro
gen can produce nothing very startling,
but add carbon and their combinations
become amazing, giving rise to such
substances as petrol, oil, medicines,
bread and meat.
If it were not for carbon, life could
never have. existed upon this or any
other world. All kinds Of living things
fish, flesh, fruit and fowl-owe their
existence to the carbon atom. No one
knows why this should be so, for the
carbon atom differs from others only in
having one electron more or less than
they. But 1t is quite certain that it is
the foundation stone of all life.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
BONDS IRREGULAR
ON HEAVY SELLING
Foreign Issues Lower, but
Domestic Securities Are
Given Good Support.
BY r. II. RICHARDSON.

Special Dispatch to The Star.
NEW YORK. July 1l.-Foreign dollar
bonds were weak. while domestic Issues
were firm in an inactive market today.
The market met moderately heavy
liquidation In German bonds at the
opening and Young plan 51as dropped
over points at one time.
Developments In Europe caused fresh
nervousness. French insistence on po-
litical guarantees baked Dr. Hans
Luther's. mission in Paris, where he
sought a large short-term credit for
the Reichsbank in order to hold up
German exchange.
A compromise might be arrived at
eventually, but the Reichsbank needs
aid Immediately and 1t is thought that
the week end will see various central
credit of about 100000. 900. This will
probably be for term Of two or three
months, during which time arrange
ments could be made to consolidate the
credit through a loan secured by the
German budget revenues previously re-
served for repsrations annuities.
The decline in the German group ex-
tended to the Dawes separations Is.
which touched a new low for the re-
action. and to all .the German Central
Bank issues. German municipals, pub
lie utilities and industrials.
Sympathetic selling affected other
foreign loans. In Austrian and other
Central European descriptions prices
held fairly well, but in the South Amer
lean group there was thin market
and prices fell rapidly. Chilean issues
were especially weak. Australian bonds
held firmly. Japanese issues were
higher.
The domestic market was apathetic.
Junior railroad obligations were in
~clined to remain unchanged or advance
fractionally. Industrials, such as United
States Rubber IS and Texas Corpora
ton SIS. acted similarly.
High-grade issues were steady In
quiet trading.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
NEW HIGH RECORD IS SCORED
BY AMERICAN TRAVEL ABROAD

Americans motoring to Canada were
estimated to have spent 1902, 4o9, 900
in that country, to which was added
$63,874,0 900 spent by rail-and-steamer
tourists.
The expenditures of persons crossing
the Mexican border were placed at $55,-
642 600; those of visitors to the West
Indies and Middle America at $82.-
234 900. and those to Europe and the
rest of the world at sos, 10000.
Other expenditures included $50, 00O.-
600 by citizens permanently residing
abroad, $76,000,000 by alien-American
tourists visiting their fatherlands,
$l,326,000 by citizens visiting insular
possessions and 100000 by American
sailors on short leave abroad.
Deductions from the expenditures for
merchandise declared, commissions of
steamship companies and such things
left the total ct $8l1.000, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
EARNINGS REPORTED.

NEW YORK, July IL (P.-The
American Telephone & Telegraph Co.,
in its statement to the Interstate Com
merce Commission for the five months
ended May 81. reported operating in
come of $14,628.785. compared with
$15,177, l39 for the corresponding period
last year. while gross revenues totaled
$47,347, 1927, against $48,685,246
Operations during May resulted in
income of $2,699, 1853. against $3.50, 725.
Gross earnings totaled $9,232 ,206,
against $9,821 ,532 in May. 1880.
Continental Baking Corporation and
subsidiaries today reported for the 10
weeks ended June 90 net income of
$l,l64,663, equal to $l.3l share on
the class A common stock. This COM
pares with net income Of $l,3l4,032,
equal to S157 share on the class A
common and cents a share on the
class B for the corresponding period of
$780,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
BY the Associated Press.

BY the Associated Press.
Travel Of American citizens abroad
last year established a new high record.
The number going abroad, as an
nounced by the Commerce Department,
was 476,932, compared with 452,658 in
1929.
They spent total of $811 .000, 900,
which compared with the record tour
list expenditure of $3.50, 000, 900 in 1929.
Part of the increase in travel was
due to the decennial Passion Play at
Oberammergau. OF the $4,000 spec
tators, 10l .439 were foreigners, includ-
ing 52,l72 Americans.
The pilgrimage of 1858 Gold Star
Mothers to the cemeteries of France
under congressional appropriation also
contributed to the increase. Many OF
them were accompa MED by relatives,
who Travelled at their own expense.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
BUSINESS FAILURES.

~ the Associated Press,
Fewer business failures occurred last
week as their change was calculated by
the Commerce Department. In he totals
that follow the index is given for COM
parable periods based on representing
the l923-25 average as 100:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
EARNINGS ESTIMATES
FOR HALF-YEAR MADE
BY the Associated Press.

BY the AsSOCIaItu PIesS.
NEW YORK, July IL AS Wall
Street awaits the publication of quar-
terly earnings statements by leading
corporations, due during the next few
weeks. estimates of probable showings
have aroused considerable interest.
The Standard Statistics Co. has is
sued estimates of net earnings per
common share of stock of several prom
inent companies for the first half of the
year. as compared with the like period
of 1880.
Estimates for the period follow. as
contrasted with net actually reported
L.. ird az 10
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
U. s. TREASURY BALANCE.

The United States Treasury balance
announced today as of close Of bust
ness July 9 was 1894. 446, 1852. 40. Gus
toms receipts for the month to date
were $8,422, 64S59. Total ordinary ex-
penditures, $1e,752, 7O1. go.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
CHICAGO STOCK MARKET

BY the Associated Press.
CHICAGO. July ll.-Following is the
complete official list of transactions in
stocks on the Chicago Stock Exchange
TODAY:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11

Passenger services will probably be
inaugurated soon on the airline operat-
ing between Marking, China, and Man
chnria
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11

To prevent wildcat speculation and
to help legitimate promoters Chile has
taken temporary control OF its gold
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-11
BALTIMORE STOCKS.

Special Dispatch to The Star.
BALTIMORE, July 11.-11:40 am:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-17
inferno TRIMS
OWN TONSILS
Doctor Nearly Succeeds in
Surgery Marvel.

By United Press
PHILADELPHIA, June 17.-Dr.
Charles I. Meacham, 25-year- old
inferno at the Chestnut Hill hos
pital, nearly accomplished another
marvel of surgery when he at
tempted to remove his own tonsils,
fellow internes revealed today.
DR.. Meacham attempted the feat
with mirrors and nearly succeeded
in an operation never yet achieved,
it was said. With a three-bladed
tonsilectomy instrument, he shipped
off the left tonsil without difficulty.
But the mirrors and the necessity
for manipulating the instrument
with his left hand confused DR..
Meachanl on the right tonsil, and
loss of blood forced him to give up
the remainder of the operation. A
fellow surgeon completed the job.
DR.. Meacham used a local anes-
thetic. He rugged up his mirrors
so that they cast a light beam down
his throat so that he could see to
operate. He practiced with a
dummy" instrument for three
weeks before attempting the actual
operation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-17
story of STAIRS Life. Page 2.

81 United Press
NEW YORK, June 17.-Solution
Of the battling death of beautiful
Starr Faithful appeared today to
hinge on comprehensive check Of
the girls movements from the time
she left her Greenwich Village
home on that fatal Friday morning
nearly two weeks ago until she was
drowned in the sea off Long Beach,
L. I.
Two mysterious figures, whom au-
thorities have been unable to locate
since they entered the. hectic and
adventurous life of the 25-year-old
girl, are believed by District Attor-
ney Elvin NJ Edwards of Nassau
county, to hold a possible key to the
solution of STAIRS death.
These two figures are said to be
Jack Greenaway and Bruce Wins
ton, both believed to be actors. No
more is known Of them by author
tiles.
Neither is under suspicion, but
they are, believed to have been with
Starr at a party on the night pre-
ceding her disappearance and may