davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-04
3 ENTER NEARBY
ASSEMBLY RACE
BY a staff Correspondent Of The star.

BY staff Correspondent Of The Star.
ARLINGTON COUNTY COURT
HOUSE, Va. June 4-Today is the last
day upon which candidates for the
Democratic nomination for the State
Senate and the House of Delegates can
file notice of their intention to run.
These are the only two Offices at stake
in the primary, which will be held Au
gust 4.
Closing hour for filing is expected to
find but two candidates for the former
Office in the field. These are Charles
T. Jesse of Arlington County and John
w. Rust of Fairfax County. Failure of
any others to enter the field for the
House of Delegates will leave Hugh
Reid, incumbent, imposed for the
Democratic nomination for that Office.
Jesse and Rust are both claiming
large number of votes throughout the
entire district, composing Alexandria
City of Arlington, Fairfax and Prince
William Counties, and, while both have
been conducting quiet campaigns. it is
believed that the race will be close
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-04
BRITISH CLERIC TO FILL
MOUNT PLEASANT PULPIT
Rev. Richards Here on Tour of
American Churches-Will
Go to New York.

Rev. Legion Richards, minister of
Cars Lane Congregational Church at
Birmingham and one of Englands best
known clergymen, will occupy the pulpit
Sunday at Mount Pleasant Congre-
gational Church. Rev. Richards is
visiting Washington in the course of a
tour of American churches, under aus
pices of the World Alliance for Inter-
national Friendship. He is expected
tonight for four-day stay.
vacated when DR.. Henry Jowett was
called to the pastorate of the Fifth
Avenue Presbyterian Church in New
York City. From Washington Rev.
Richards will go to New York to be the
guest of DR.. Harry Emerson Fosdick
of the Riverside Church.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-04

since which time she has accompanied
her father on his journeys to remote
parts of the world. She is a member
of the Junior League of Washington.
Mr.. MonSon was educated at Elton
and at Christ Church College, Oxford,
and has recently completed his studies
for the bar at the Inner Temple BY
adopting a political career he will fol-
low the example of his godfather, the
late Earl of Rosebery, prime minister
of England.
His father, the ninth Baron Monson,
was controller of the household of the
late Duke of SaXe-Coburg and Gotha,
and during the Great War was commits
sioner of the British Red Cross In Italy.
Baroness Monson is an American by
birth. daughter of the late Gen. Roy
Stone of Mendham. N. j. Her first
husband was the late Laurence Tur-
nure of New York She is a lady of
grace Of the Order of st. John of
Jerusalem. Mr.. Monson's grandmother,
the Dowager Lady Monson, was lady-in-
waiting to the Duchess of Sake Coburg
and Gotha and accompanied Princess
Marie to Bucharest on the occasion of
her marriage to Crown Prince Ferdi-
nand. later King of Rumania.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-04
HOOVER GETS WAGE PLEA

Representative Hamilton Fish Of New
York called at the White House today to
protest to the President against the War
Department paying workers on the new
buildings at West Point Military Acad~
envy, wages below the union scale.
Mr.. Fish told the President that this
construction work is being done under
the quartermaster department of the
Army, and that the pay to the wCrkmen
is about 40 per cent below the union
scale. He urged the President to see
that the prevailing scale be given the
workers
Representative Fish said the Presis
dent referred him to the War Depart~
ment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-04
HORSE RUNS WILD
AMID SHOW CROWD
Girl and Mount Knocked Over
Before MiddIeburg Animal
Is Subdued.

MIDDLEBURG, Va, June "A wild
horse caused bedlam to reign for short
time at the Middleburg hunter show
yesterday, when Silk Hat, owned by
Courtney Smith Of The Plains and rid
den by Frost Anderson, threw his rider.
at the first jump and, catching his foot
in the bride, which he pulled over his
head, ran away. He jumped the fence
tnclosing the ring, and ran through the
crowd, mad in his effort to escape, then
jumped an auto as easily as q fence
and knocked Miss Anne Tenant and
her horse to the ground. Both were
unhurt.
After number Of other horses had
broken loose Stanley Green, well known
horses neck and grabbed his nose,
bringing him to a stop. The horse
knocked OH his hip cap when he ran
against truck and the blood was gush-
ing from the wound when several men,
aided by Green, succeeded in bridling
him again. Several otner horses were
slightly injured by the impact with the
wild horse.
Outstanding Hunters.
Outstanding hunters of Loudoun and
Fauquier were seen at the show, which
Is the tenth annual event held under
auspices OF the Middleburg hunt, on the
estate OF d. c. Sands, near Middleburg
Society folk from this section were in
attendance. Seasoned hunters accuS-
TONED to many hard chase in the field,
as well as the future hunters of this far
famed hunting section, were seen in the
ring. Every class was well filled. There
were several spills. Large winners were
Arthur White, with Chip Win, Betty
Hampden and Sir Ridgeley; Otto Fur,
who won first, second and third, with
Beach Crest; Mrs. j. H. Whitney, with
Bowling Green and Bon Diable, and
Peach Bros. Of Upperville, with Miss
Pat and Breake Of Dawn Champion
hunter was Light Hampson of Flying
Horse Farm. owned by Mr.. and Mrs.
Sumner Petigree. Judges were: William
Almey, Jr., Of Warrenton, and Bernard
Fenwick Of Baltimore.
Summary of Winners.
Summaries follow:
Half-bred mare and foal-First
Primrose and foal, Clifton Simpson,
Round Hill; second, Mad Girl and foal,
D. o. Furr Middleburg; third, entry,
H. H. Piggott.
Half-bred yearlings-First, r. s.
Peach, Upperville; second, entry, Paul
Adams, Middleburg; third, Funstair,
Mrs. H. D. Whitfield.
Half-bred 2-year-olds-First, entry
Mrs. Andrew Mellon, Upperville; sec
ond, entry, Miss Julia Whitney; third,
Happy Warrior, Miss Julia Whiting.
Half-bred 3-year-olds-First, Beach
Crest, D. o. Fur; second, Silver Cup,
Mrs. D. C. Sands; third, Break of
Dawn, r. S. Peach
Polo ponies shown in hand-First,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-04
PARK TO BE IMPROVED
Lincoln Square Is Next on Pro.
gram for Remodeling.

While the finishing touches are now
being put on the parks in Farragut
and Mcpherson Squares. under the re-
modelling program, the Office of Public
Buildings and Public Parks is now
turning its attention to the next big
renovation job in Lincoln Park.
Lincoln Park is one of the most ex-
tensively used in the city, according
to the officials. None of the trees in
Lincoln Park will be disturbed in the
creation of new walks.
The Washington times., 1931-04-18
COTTONMARKET
HOLDSF|R|N

NEW YORK, April 1S 1N.SO.
The New York cotton market was
somewhat higher during the early
trading today in moderately active
trading.
The trade was good buyer, and
New Orleans and the continent
bought. Commission and wire
houses sold near months, while
New Orleans sold more distant
months. At the start of the final
hour, May sold at 1927, up 10;
July at 1858, up 10; October at
10.85, up 7; December at 11.0S:
up 8; January at 11.19, up 8, and
March at 11.40, up 8.
The market was a trading af-
fair with an undercurrent of re-
sistance to pressure that excited
considerable comment. The re-
dictionary stock market was largely
ignored, and in the background
was the looming question Of the
acreage.
With the weather conditions
somewhat improved. planting has
progressed steady in north and
east Texas. and is well advanced
in the central areas. There were
still some complaints Of cold soil
and poor termination from other
parts Of the belt.
The Washington times., 1931-04-18
CUSTONERSBUY
UT|L|TYSTOCK

Central Public Service Corpora
ton, Chicago, operators of the
Washington Gas Light Company,
reports that customer purchases
of its 81 preferred stock during
March reached a new high re-
cord of 20,373 shares, the largest
total of customer stock purchases
during any single month, and
more than double the purchases
in either of the first two months
of 1881.
AS a result of the months
purchases, customer-holders of 81
preferred shares totaled 16,943 on
March 81. a gain of 2,448 over
February %.
In excess of $4,000 individual
stockholders were listed on the
corporations books at the end of
March. The number of customer
holders of the 81 stock, which
has shown the greatest increase
in recent months, now represents
approximately 27 per cent of the
total
The Washington times., 1931-04-18
Economic Dictator Hinted
For u. S. By Haney

ment with one another. This is
very disturbing to business. When
things do not exchange for one
another in normal relations, busi-
ness is hindered. The confidence
OF buyers is further destroyed.
Now think we need a rest
from artificial price controls. We
need to let nature take her course
for a while, to the extent of al
lowing the forces of supply and
demand to determine price levels
and adjustments. .
Dictator May Be Needed
If we can't make the law of
supply and demand work freely
in free country, we may yet
have to have a sort of Stain or
Mussolini to fix prices and pro-
duction rates. That would mean
giving up our system Of competi-
ton and free markets. 1t would
mean regulating prices instead Of
prices regulating business.
Anything which prevents the
free working of supply and de-
mand under fair normal condi-
tions is apt to cause maladjust-
ments and unsound conditions.
Obviously the operations of the
Farm Board did this to wheat
and cotton.
Most violations of our anti
trust laws probably also violated
the economic law of supply and
demand. They generally seek to
maintain artificial prices.
The Washington times., 1931-04-18
BOOST IN GOLD
MINING HELD
GOOD OMEN
Advance in Security Prices
Against General Trend Is
Called Harbinger of Gains

In a period when securities Of
all other groups-industrial, rail,
utility and finance-nave been
undergoing a broad decline, Sc
curities of gold mining companies
have advanced against the trend.
History is being repeated, says
the Alexander Hamilton Institute.
We have to go back 10 years to
find an advance in gold mining
shares. like in nature and like in
cause. Normally, in the period Of
recovery after a period of de-
clining commodity prices. the gold
mining industry is in the van
guard.
Harbinger Of Good
It is a harbinger of the future
for general business. Eacn de-
preston seems a new and fear
some experience. The new era"
psychology of prosperity is turned
upside down and the depression
seems a new era-like nothing
which has gone before.
Business appears to be sturnb-
ling on and the man in the street
sees no forces at work to turn the
prospect. There should be some.
thing of reinsurance in this re-
enactina by the gold mining in
dustry in 1891 of the same scene
that was presented a decade ago,
in the trough of the postwar de-
preston.
Gold mining is, in fact, a de-
preston proof industry. It
thrives on low commodity prices.
It is adversely affected by high
prices and wages.
Only One Variable
The gold-mining industry has
only one variable. Gold being the
standard of value, the selling
price of the gold mining COM
pany's product never varies. The
margin of profit is affected by
variations in the cost of produc'
ton.
When wages, machinery and
commodities are high, the god
miners profits may be squeezed
to the vanishing point. When ma
chinery, tools and chemicals can
be purchased cheaply-when la
Dor costs are low, the profits Of
gold mining expand.
The Washington times., 1931-04-18
By LEWIS HANEY

One of the big practical prob
lens now is to restore confidence
among buyers-to restore their
confidence in values.
The day of the $22.50 suit. the
81 shoes, and the five cent cigar
is dawning. But too many
materials and products are still
held out of line. The result is
that buyers look for lower prices
and wait.
They see steel bars and lead,
maintained in price. They see
huge supplies Of wheat, cotton,
silk, and copper held off the
market. This produces uncer-
tainty and hesitant buying.
Serve AS Regulator
In our industrial system, COM
modify prices act as sort of reg
ulator. If they are too high, the
machine runs too fast and too
much is produced. If they are
too low the output is shut down.
But we have been tampe-ing
with the regulator. We have been
trying all sorts of price mainten,
ance schemes-in wheat, cotton,
copper, steel and oil, for example
The result has been bad. 1t
has brought overproduction in
many lines. The price Of wheat
and cotton has been held so high
that we have been unable to sell
the stuff in normal quantities.
Also prices of various COM
modities have got out of adjust
The Washington times., 1931-04-18
SINCLAIR CROSS
S183,921,151

Sinclair Consolidated Oil Corpo
cation reports for the year 1890
gross operating earnings of $780,.
D21,151, compared with $196, ,805,.
604 for the preceding year. Non
operating income, including profit
on sale of investments in other
companies, was $28,S87 ,0O3. Net
income before extraordinary
charges was $22,214,002, compared
with S16,599 037 in 1929.
After deduction of $7,607,695 re
= serve for decline in value of in
vestments in other companies, ano
$2,579,683 for adjustment of in
Ventories, the balance Of net in
come carried to surplus was $12,
026, ,424.
Current Assets Up
The company's current assets al
the end of the year exceeded cur
rent liabilities by $65, ,259 los, com
pared with SAT 7,569,322 at the enc
of 1929. Outstanding funded debt
and preferred stock obligations ir
\ the amount of $19,O54,600 were
paid off during the year. DiVi
dends paid during the year totalec
$11, 1,030,026, of which the holders
of common stock received $9,898,
H7S.
In spite of heavy declines ir
prices during the year, careful con
troll of inventories rendered it nee
essary to charge off only $2,579,
883 to bring the book value of in
ventories of $24,035 ,945 to the
lower figures of cost or market
The inventory of crude and re
fined oils on hand consisted of the
minimum necessary to operate the
business.
New Construction
H. F. Sinclair, chairman, in his
report to stockholders. outlined
constructive accomplishments OF
the company, including acquisition
of the properties and business OF
the Pierce Petroleum Corporation
and sale of the company's inter
ests in the Sinclair Pipe Line Com
pany and the Sinclair Crude Oil
Purchasing Company,
Expenditures for the develop
u1ent of and additions to proper
hes, other than the Pierce acquiSi
zion, totaled $35 ,608,000.
The Washington times., 1931-04-18
Sd WEEK ENDS
IN BANK TRIAL

NEW YORK, April 1a GN.SD. .
The second phase of the prosecu-
ton Of the indicted officers Of the
closed Bank OF the United States
was completed today as the third
week Of the trial ended before
General Sessions Judge Don
nellan.
The first phase dealt with ef-
forts of the State to establish
that $l2,ooo,0OO had been illegally
loaned by the bank to its affili-
ates and the second phase
covered the alleged illegal fashion
in which the officers of the bank
sought to wipe out the debt.
Bernard K. Marcus, Saul Singer,
Henry w. Pollock, and Herbert
Singer, the accused men, claimed
they followed a plan approved by
the State banking department.
Max D. Steuer, prosecuting the
case, said he expected to COM
plete the States side next
Wednesday.
The Washington times., 1931-04-18
CHICAGO LIVESTOCK

CHICAGO, April Il sD.-Hoss-
Receipts, II, 900; market 10 and IS cents
lower Top, S7S2; bulk, S6.25@7.70;
heavyweight &s.75@740; med1unwsight
$725@175 lightweight $7.6o977S:
.s so irEn pigs 1s@7 * * hoIdoNers oon
Cattle-Receipts, SO8; market steady.
Calves-ReCeipts. 1so; market steady.
Beef steers-Good and choice, $3.50
975; common and medium, $6qs; year.
IinEs S699.50. Butcher cattle-Heifers,
$45o1s.5O; cows, $45o@s6o; bulls,
$35Oq6: calves, ss@85o; feeder steers.
$5@S; stocker steers, $59S; stockeP
cows and heifers, $4.5o@6.50
Sheep-Receipts. 5000: market steady.
Medium and Choice lambs, 5000; culls
and common. $6S0@S5O; yearliugs,
s79s.5o; common and choice ewes, SIC
4.25; feeder lambs, $750@S.50.
The Washington times., 1931-04-18
Estate Is Selling Clarke
Portrait Collection

The Thomas B. Clarke col1ec-
ton of ITS portraits by early
American artists, including one
of Governor Bellingham of Massa-
chusetts, painted in 1641 and be-
lieved to be the first portrait
painted in America, and the
Vaughan portrait of Washington
by Gilbert Stuart. is to be sold
on June Is by City Bank Farm
ers Trust Company as executor
of the Clarke estate.
The collection will be sold only
as an entirety and the company
reserves the right to reject any
or all bids.
The late Thomas 3. Clarke, who
died on January 1a. was known
The Washington times., 1931-04-18
CLOTH MARKET

NEW YORK. April 1S U.N.SO.-Gray
cloth markets showed little or no change
today Small quantities of quick goods
continued to sell at recently quoted
levels. but the market was devoid of
larger interest and went untesled as to
what might have heen done for CON
tract deliveries. Many rumOrs were
current in the Worth Street district
with the regard to lower prices hut
many Of these were not suhstantiated
and served only 10 unsettls further a
week market Print cloths were gem
orally unchanged with little activity re-
sorted by mills in the SE-tnch Construc-
tons soms shsetinss, satsens were re-
ported selling a. slightly easier levels
BroAdcloths, drills, twills and other
Neods were quiet.
The Washington times., 1931-04-18
Z DEPRESSIONS
COMPARED

Although business failures IN
1880 broke records in both num-
bers and liabilities, the large cor
porations in principal industries
showed stronger operating posi-
tions in this depression than in
the depression of 1921, according
to comparative studies announced
today by Ernst & Ernst. ac-
countants, GIT Munsey Building,
covering corporations classified by
20 industrial lines.
For 1880, as compared with
1921, it is shown that in the
aggregate the representative cor
porations had higher profit
margins on sales, larger sales in
relation to inventories, smaller
inventories in relation to net
plant investment, and larger
profits in relation to capital in
vestment.
Net Profits Higher
AS regards net profits in rela-
ton to sales, it is shown that in
1920 profits were 500 per cent,
declining in 1921 to Al per cent,
whereas in 1929 these were 9.31
per cent. declining in 1880 to
$40 per cent, a smaller decline
than in the earlier depression,
and higher level at the end of
the "bad year 1880" than existed
at the end Of the good year
1920"
Sales were 424 times inven.
tories in 1920, and Ala times in
1921, whereas they were 5.24
times in 1929 and 5.21 times in
1880, thus showing a smaller
decline from 1929 to 1880 than
from 1920 to 1921, and a higher
level in the later period.
Inventories were Al per cent as
much as net plant investment
at the end of 1921, but only 80
per cent at the end of 1880
That this improvement is due
to relatively lower inventories
rather than to higher plant
investment seems to be indicated
by figures on sales, which were
1.49 times net plant investment
in 1921, and 165 times in 1890
Lines Classified
Net profits were 1.39 per cent
of capital investment in 1921
but rose to $40 per cent in 1880
The 20 lines classified in the
analysis are: automobiles, auto
parts, beverages and confections
building materials, chemicals
coal mining, food products, iron
and steel, machinery and tools
merchandising, metal products
mining and smelling, oil produc
ing and refining, paper and
paper products, railroad eequip
ment, rubber, TEXTILES, tobacco
wearing apparel, and miscellane
Gus industrials.
The Washington times., 1931-04-18
CURB
ARE LISTED

NEW YORK, April 18 (IN.S0.
Despite the presence Of q con-
siderable amount Of week end
short-covering today, the pressure
of liquidation continued to make
further inroads into the curb price
structure.
Utilities were again subjected to
heavy bear pounding, with Com
monwealth Edison dipping 2
points to 235, Electric Bond and
Share off Ia at 43A, and Amerl-
can and Foreign Power warrants
off Y at 205s.
Cities Service slipped off frac-
tionally to 1879, As below its pre-
Ceding close.
All leading oil issues reached
new low ground for the year, with
Vacuum breaking through to 49
for q loss of point, and Gulf,
Humble, and Standard Of Ken
lucky following suit.
Cord Corporation was q weak
feature in the speciality list, IN
sympathy with the precipltate
break in the shares Of Auburn
Auto on the big board. At its low
point of 934, it was point under
it's former close, and almost 8
points under it's peak of last
week.
investment trusts were rather
sluggish in tone, although yielding
stubbornly to selling. United
FOUNDERS, however, was forced
fractionally downward to new
low on the movement.
Curb bonds were again under
pressure, with many of the second
ary issues forced 10 new low
ground for the yeah
The Washington times., 1931-04-18
TUO Western Roads
AdODt Door DeLiUeru

The Chicago Great Western
Railroad and the Chicago, ST..
Paul, Minneapolis & Omaha Rail
way have announced inaugura-
ton of store-door delivery services
in their territory. The Great
Western, according to V. V. Boat
ner. president, will start service
in Chicago on May /, for ordinary
less-than-carload freight, a nomi-
nal charge in addition to the
freight rate being added.
The Minneapolis will commence
store collection and delivery SER
vice in Minnesota. Wisconsin,
Iowa, Nebraska and South Da-
kota about June /.
The Washington times., 1931-04-18
FINAL GINNING
REPORT MADE

The fifth and last preliminary
report on the grade and staple
cotton ginned this season IS re-
leased today by the Bureau Of
Agricultural Economics. It is
based on 13.73O,629 bales Of
American upland cotton, reported
by the Bureau of the Census
March 20, 1881, for the crop Of
1880.
The Bureau of the Census also
reports 23,254 bales of American
Egyptian cotton for 1880. Ac.
cording to this estimate, cotton
ginned during the past season was
higher in grade and somewhat
different in staple than the cot
ton ginned during the 1929-30
season.
Quality Good
Of about 13,730,60O bales of
American upland cotton ginned
during the season, 87.1 per cent
was entimated to be white in
color, compared with 87.3 per
cent ginned last year; 69.3 per
cent was white, middling and bet
tel. compared with 63.3 per cent
last year; cotton other than white
and extra white was 9,3 per cent,
compared with 12.5 per cent last
year.
The estimates of staple length
of upland cotton show 1874 per
cent shorter than 70 inch, com
pared with 20.1 per cent ginned
last year: 1874 per cent, Hs to
l 1872 inches, inclusive, compared
with 69.7 per cent. and 1912 per
cent 1-16 and over, compared
with 11.2 per cent a year ago.
From the standpoint of tender
ability in settlement Of contracts
made subject to section S of the
United States Cotton Futures Act,
an analysis of the figures indi,
Gates a total of 1881, 100 bales,
or 84.6 per cent tenderable, com,
pared with 75.7 per cent tender
able in the case Of cotton ginned
last year.
Upland Staples
OF tenderable cotton, 10,221, 100
bales, or 74.4 per cent Of total
upland, ranged in staple from
7a-inch to 1872 inches, inclusive,
and 100000 bales were over
1872 inches in staple. There
were 2.1O9,500 bales, or 1874 per
cent, of upland cotton untender'
able compared with 24,3 per cent
of last years CrNp.
Of these, 271,000 bales were un'
tenderable on account Of defici
ency in grade alone; 1,747,50O
bales, for deficiency in staple
alone; and $500 bales were
doubly disqualified, being unten
derable in both grade and staple