davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
Washington Produce

pound prints. 28la; tub.
27l2.
Eggs-Henery 17als; current re-
ceipts, 14a16.
Poultry, alive-Spring broilers.
pounds and over. 33a34; 2 to 2l2 pounds,
30a32; small, IL to pounds, 27a28;
hens, large. 21a22; small. 17a18; Leg
horns. 25a26: small. 17a18; roosterS,
13a14. Dressed-Spring brcilers,
pounds and over. 37a38: 2 to 212 pounds,
34a35; IL to pounds. 32a33; Leghorns,
large 28a29; small. 25a26 hens, large.
24a25; small. 20a21; Leghorns, 17a18;
ROSTERS, 15a16; Long Island ducks,
22a23.
Meets-Beef, top. 141aa15: medium.
1212a13; COW, IL; veal. 12al212; Spring
LAMB, 17al8; pork loins fresh killed,
19a20; frozen. 17a18: fresh hams, l7i2:
fresh shoulders. ID; smoked hams, 1872;
smoked shoulders, IL: strip bacon, 81;
lard, in bunk, 10; in packages, II.
Live stock-Hcgs, heavy, 650a7,50;
light and medium. 7.50a7.75; pigs, 7.00a
IT'S; roughs, 3.00a5.O0; calves, 4.00a
100; Spring lambs. 4.00a700.
Fruits-Watermel 35a80: canta
loupes. California. 3.50a4.00; North
Carolina, 225a2.50: honeydews, LISA
$50; honeybaNs, 2.00a4.00: oranges,
5.00a5.50; lemons, 6.00a7o0: grapes.
Malagas, 200; pineapples, 3.5Oa4.5o;
plums, crates. 200; gooseberries, 4.00a
4.50; currants, 4.00a4.50: raspberries,
4.50a5.00; apples June. 100; box stock,
250a2.75: peaches, bushel baskets, 200
a2.5O; grapefruit, Porto Rico, 4.50;
lines, per leo, 1.50a200; blackberries
400a4.50; huckleberries, 2.25a3.00;
mangoes, 400: rhubarb, per 100
punches, 2.50a3.00; bananas, 100a2.50;
cherries, fancy. 15-pound box, 200.
Observation-Disclosures per barrel. 200
a2.5O; tomatoes, homegrown, 2-peck
baskets, l.75a2.00; Florida. 6-pan
crates, l.25a1.5 so; Mississippi, flats, IS;
turnips. 50a6O lettuce. iceberg, 350a
400; string beans. 75al.00; limas, $50
a2.00; squash, 2-peck baskets, SO; cab
bage. bushel baskets, 25a40; kale, IS:
spinach, New Zealand. so; peppers, 200
$50; carrots, per 100 punches, 800;
beets, per 100 punches: zoo; corn, 100
al IS; onions, Texas. 1.25; Spring, per
100 punches, 200a2.50; okra, per pan,
65a75.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
BY LOUIS E. VAN NORMAN.

Uncle Sans annual cash book" dis
closes that in every month last year
this country had a world turnover" Of
about one and one-half billion dollars.
This is the story told by a survey of
the balance of international payments
of the United States" which has been
prepared annually for nearly a decade
by the finapce and investment division
of the Bureau of Foreign and Domestic
Commerce.
This tremendous turnover" is made
up of figures showing Americas mer-
chandise trade balance. the vast under
writing of foreign securities, receipts OF
war debt payments, various phases and
problems of the merchant marine, in
creasing gold shipments. and, in gen.
eral, Uncle Sans new status as an in
ternational banker.
Economic Relations.
A summary of American financial
dealings With the rest OF the world Is
a stupendous piece of bookkeeping. This
cash book record, moreover. tells the
story of Americas chief activities as a
nation. Her international economic re-
lations, in short, concern the well rec
ognized interchange of commodities.
They deal also with the equally impor-
tant, although far less well known,
items of loans, services and many other
"invisibles" and ''imponderables," of the
very existence of which many of us
are quite ignorant
The survey for 1880 covers period
of world depression which has been
marked by a number of developments
not known in former periods Of bust
ness decline AS such the record dis
closes a number of impressive reversals
of world trade and finance. There is
no record of the last world crisis-that
of 1920 to 1922-which might be used
for purposes of comparison. This 1881
report, in fact, may be the first record
of its kind of any business depression
of world proportions.
What does this report show? Per
haps one of its most significant reve-
lations is the amazing use made by
foreign debtors of the opportunity tc
repay to Americans, at generous dis
counts obligations held here. Impress
sive also are the huge expenditures
made by the American people for for
eign travel. even in the depression, anc
the continued increase in this country'S
stock of gold. Interesting also is the
fact that while business declined anc
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
BILLION AND A HALF TURNOVER
A MONTH IS REPORTED FOR u. S.
Uncle Sans Cash Book for Last Year
Reveals Extent of Trade With Foreign
Countries Survey Summarized.

commodity prices fell. there was no
very great contraction in financial OPP
erations between nations.
Foreign Stock Buying.
In his remarks Introductory TO this
report DR. julius Klein, Assistant Sec
reary of Commerce, points to the fact
that during 1880 Americans bought
foreign stocks and bonds to a total of
$500 100000. During the same period
however, foreigners bought back their
securities. which had accumulated here
to an aggregate of S806, 900, 900, leaving
net balance of Just under $3.50, 900, 0c0
RENTED to this country
Taking into account the years plr-
chases by foreigners of American stocks
and bonds, 1880 was marked by a rela-
lively small net export in long-term
capital on the part OF American IN
vestors-a total of S290,0o0000. Bank
deposits and short-term loans brought
up the net export of all capital from
the United States to some $780, 100000.
as compared with an annual average OF
about S450,000000 for the eight years
preceding.
During 1880 Americans total exports
and imports of gold were, respectively,
Sis ,967 OGO and 1896 054,00 while
total exports and imports of silver were
OO1, t,bOb anu o1G, iO1OOO.
been much comment on the gold hold
ings of the United States. In general
says the report, the movement of gold
was one from outlying countries pro-
ducing raw materials to the financial
centers and bore no significant relation
to differentials in money rates"
Exports and Imports.
Merchandise exports and imports
last year. as usual. made up the largest
item in Americas balance of payments.
The totals for the calendar year were,
respectively. S3,843, 100000 and $3,061,-
100000. showing a decline from the rec
ord figures of preceding years. While
the world movement of merchandise
was curtailed Uncle Sans receipts from
interest, the redemption of bonds and
amortization on American long-term
investments abroad, including pay
ments on war loan account. actually
reached a new record of Sl,300,000. 900
American tourists are estimated to
have left abroad total of some S911,-
100000 in 1880, relatively small de-
cline from the high" tourist expendi-
lures of 1868, 000,0 900 in 1929
(Copyright 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10


banking resources aggregated S23,529,
097,073, which represented "a per cenU
of the number of banks and 80 per
cent of the total banking resources Ct
the 1882 national banks in operation
on that date. Trust departments had
been established by 1929 Of these. banks
which were administering 1892 in
dividual trusts with trust assets aggre-
eating S4,473, 040,926, and in addition
were administering 1l.5l1 corporate
trusts and acting as trustees for out
standing note and bond issues aggregat-
ing S11.803, 717,370.
The rapid strides which these banks
have made in the trust field are empha-
sized by considering the activities dur
ing 1880 with those of 1926. Compared
with that year, these figures represent
an increase during the four-year period
of 446, or % per cent, in the number Of
national banks authorized to exercise
trust powers; an increase of 725, or sc
per cent, in the number of banks &C
lively administering trusts; an increase
of $3.50, or $50 per cent, in the num-
Der of trusts being administered: an in
crease of SO, 500, 000, 900, or 385 per cent,
in the volume of individual trust as
sets under administration; an increase
of S9,340, 100000, or 379 per cent. in the
volume of bond issues outstanding for
which these institutions were acting as
trustees. while the gross earnings of the
same period increased $l4,510,00O, or
176 per cent.
The record further shows that 1929
national bank trust departments in
decade have acquired for administration
a volume of individual and corporate trust
business equal to one-half of the total
resources developed by the banking de-
partments of all national banks over
period of 81 years since the establish
ment of the system in 1858"
These facts, he concludes. are "a
striking testimonial Of the growing pub
lie recognition of the desirability Of the
corporate fiduciary in the settlement of
estates and the administration of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
GERMAN BOND LIST
IN SHARP ADVANCE.
Heavy Buying in Late Trad
ing ReverSes Earlier Trend
of Market.
BY F. II. RICHARDSON.
Special Dispatch to TIE Star.

Special Dispatch to The Star.
NEW YORK, July lO.-After drop
ping to their lowest levels on the cur
rent reaction. German bonds advanced
vertically in the last hour today. Prices
rose to points from the lows and
ended with most German dollar bonds
2 to points higher on the day.
Wall Streets belief was that DR.. Hans
Luther, president of the Reichsbank,
had arrived at an agreement with off,
Gals of the Bank of France, Bank of
England and other international bank
ing authorities for short-term credit
said to aggregate nearly 100000 900.
This was not officially announced, but
the markets rise reflected its conf
oence. Young plan Sis climbed over 4
points. German Central Bank 6s ad-
vanced to points. German munich
pals jumped l and 2 points between
sales and German induStrialS acted
similarly.
The squirt D. the Germans came after
a day of uncertainty in which domes-
tic issues advanced while the foreign
list was apathetic. Chilean issues had
gone off 3 to points in spite of an
other reaSsuring statement from the
Chilean government.
The opening was firm, except in the
German group. DR. Hans Luther, presi-
dent OF the ReichSbank. was in Paris,
where his quest was said to be a S480,-
100000 short term credit for the Ger
man Gold Discount Bank. There was
tendency to sell German long-term
bonds en- the theory that protracted
negotiations must follow, during which
time Withdrawals of foreign exchange
from Berlin might assume serious
enough proportions to negative the re-
cent improvement in the banks reserve
ratio and cause a collapse of the reichs-
mark.
The bullish view of the situation was
that no collapse of the reichsmark or
of the German Central Bank would be
permitted by America and England.
There was fairly good buying of Ger
man dollar bonds on the scaledown.
In the South American group there
was further selling of Argentine IS,
Chile 6s and Brazilian issues. but price
movements were conservative. Aus
tralians we're firm. japanese issues
we're strong.
The domestic market had healthier
tone. The halt in the decline of stocks
was an important aid to junior rail
issues, but their strength in recent seS-
sionS was an even more important one.
1t was pointed out today that an in
crease of even per cent in freight
rates would mean an increase in net
earnings of as much as SO share to
certain class railroads, and it is be-
lieved that the Interstate Commerce
Commission will grant at least a part
of the carriers petition for is per
cent advance in rates.
Similarly, the second-grade industrial
list was more buoyant United States
Rubber SIS. Goodyear SIS and Goodrich
6s were helped by the high level of
activity in the rubber industry. Oils
were inactive.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
BY CARLTON A. SHIvELY.

Special Dispatch to The Star.
NEW YORK, July 10.-As antici-
pated by Wall Street, the first develop
ment under the German debt suspen-
sion agreement proves to be scramble
for new short-term credits by the
central bank, private banks and buSl-
nesses and strong effort TO retain IN
Germany those credits already granted.
Germanys success in this direction VIII
determine the degree of recovery which
may be expected under the debt mora
forum.
Wall Street bankers are of two minds
on whether in the long run the German
situation might not have been stronger
had no move been made to secure
suspension of debt payments. Over the
past wear and half large amounts OF
short-term bank credits had found
their way into Germany, although Jew
long term loans had been made except
for the International sig per cent issue,
f1oated to put the Young plan into
effect.
Credit Withdrawals.
That loan commercialized a portion
of the unconditional reparationS which
serve as a first charge on German rail-
Wav revenues. Since last September,
when German drives for moratorium
began to attract serious attention, WITH
drawals of short-term credits have
reached, according to Berlin estimates,
approximately ST 900, 100000. Part of
this probably Is German capital which
has sought a safer refuge, but most OF
it is repatriated foreign bank loans
This money was badly needed by Ger
man industrial enterprises.
Along with declining interest rates
paid on deposits by New York banks
and the fall in the New York Stock
Exchange call and time money rates, to
say nothing Of the drop to record
breaking low levels of Treasury bill and
bankers acceptance bill yields, the in
terror banks, which have always en-
ployed their surplus funds in the New
York market or kept them on deposit
with New York banks, have found it
difficult to obtain even modest return.
They get only one-half per cent for
banks. After paying the service charge,
from one-half to l per cent. Their
losses on investments for the past two
years were Navy, and under the cir
cumstances they were receptive to for
eign bank offers on deposits.
Solicitation of small bank funds was
actively carried on throughout the
United States by agents for German
banks, which offered much higher de-
post rates than were obtainable else
where How much money they got no
one knows, but it is thought to have
been considerable. Naturally such
funds were ultra tinid and have been
the first to leave Germany.
Relief for the German. government
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
BIDS FOR SHORT-TERM CREDITS
BRISK AFTER DEBT PLAN WINS

from reparations payments for a year
will enable the treasury to retire a
large portion of its dangerously large
floating debt, but the funds thus re-
tanned will not be used as a substitute
for tax collections and therefore can
in no way assist business. Such aid
as German trade needs must be OBJ
tanned in addition to the debt mora
forum sums.
Important Steps Taken.
Long-term loans are out of the
question and the foreign short-term
credits are the crux of the matter.
Wall Street banks expect that, after a
few days more, confidence will have
been sufficiently restored so that the
outgoing tide will stop. Enough mo-
mentum had been gained to make it
certain that the flight from the mark
would continue at least few days after
the debt agreement was signed.
Two important steps are being taken
in Germany to solve the Short-term
credit problem. The government by
decree is giving legal binder to the
offer of German private banks and
financial institutions TO provide ap-
proXimately 100000 as a guarantee
to foreign Short-term credits employed
in the country. Next the Reichsbank
Will negotiate for additional credits for
itself, which will be used to support
the mark and thereby discourage specu-
lative operations as we'll as put the
bank into safety zone. The first
central bank credit of 100000 900 has
been used up. 1t likely will be ex-
tended and an additional large amount
may be asked, through sale of Ger
man treasury bills. No difficulty is
anticipated in securing it.
This weeks statement of the Reichs-
bank shows that the reserve ratio al
ready has risen 3 points above the
.ega! minimum OF 40 per cent, almost
touched last week. and that gold and
foreign exchange HOLDINGS have risen
moderately. The crisis, Wall Street
believes, has been passed.
(Copyright. 1871
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
Gain in Airmail.

NEW YORK, July 10 (P0.-The big
gest factor in the present aircraft sit
uation is the favorable trend of air
mail volume, current survey by Stand
ard Statistics Co. says. In the first
four months this year total poundage
of mail carried increased 18 per cent
over the corresponding 1880 period, as
compared with decline of per cent
in the volume transported by the rail-
roads. Mileage flown by mail planes
in the first quarter this year also
gained 81 per cent, the increase partly
rejecting the addition of another route.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
Petition in Bankruptcv,

BALTIMORE, July 10 (SpeciaD :
William V. Wilson of Rockville, Mont
gomery County, has filed bill in United
States District Court here asking to
be adjudicated a bankrupt. The psti-
toner has no available assets and $16.-
498.49 liabilities. Orders were signed
adjudicating him a bankrupt and re-
ferring the case to Holden S. FELTON,,
referee.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
Locomotive Orders.

NEW YORK, July 10 P).-June
bookings of the Baldwin Locomotive
Works totaled s4,4oO,0OO, compared with
100000 in June last year. Bookings
for the first six months this year
totaled $13,070000, compared with $22.-
901 900 in the corresponding period last
year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10

tional banking sys-
tenn. Aubrey 3.
C arter, national
bank examiner in
charge Of section
of trust depart
ment supervision,
Office of controller
of the currency,
brings out in an
article in the cur
rent issue of the
American Bank
ers' Association
Journal.
AT the close Of
the 1880 fiscal year
there were 2.472
national b a II k S
with trust powers, -
Ia rnrc aarIrln q z
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
JUNE DIVIDENDS
REACH HUGE SUMS
More Than 400 Million Paid
by Domestic Concerns.
Gain Over May.
Special Dispatch to The Star.

Special DISPATCH 70 The star.
NEW YORK, July l0-Cash dlvl-
dends were paid by domestic corpora
lions in June to total of S412, 327,778,
according to the Standard Statistics Co.
This is a substantial advance over the
May figures of s229, 6OS,425. Electric
light and gas companies I'D the list for
the third consecutive month. with pay
ments of more than $50, 100000. Pc
troleum companies were next with
total of more than S60,000,000. De-
tailed figures for the various major IN
dustries follow:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
SAFEWAY STORES.

OAKLAND. Calf. July 10 LPl.-M. B.
Skaggs, president of the Safeway Stqyes,
Inc, has confirmed reports his organl-
cation will purchase the assets of Mac
Mari Stores, Inc. subject to approval
of MacMarr stockholders.
o. E. Mari, president of MacMarr,
Inc, said yesterday all the stores, mar
kets, warehouses, manufacturing activ-
tiles and subsidiary operations conduct
ed by MacMarr in the territory from
Denver, Colo. west will be acquired by
Safeway. effective as of July l, 1881.
Skaggs said the deal would be con-
summated by a transfer of Safeway
stock, both common and preferred. He
refused to make public the considera-
ton involved.
Germany. Austria and Czechoslovakia
are now the three leading suppliers of
imports into Jugoslavia.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
Washington Stock Exchange
SALES.

SALES.
Peoples Drug Stores pfd--l0 at 1o1, 10
at l0l, 10 at l0l, 10 at 10l, / at l01.
AFTER CALL.
Potomac Electric Cons. SIS '36-$1 900 at
1047a
Washington Rwy. g. Electric As ST.
$1,000 at 9l5s, $1,000 at 9ll2, $4,000
at 9lla.
Washington Gas 6s '35 "B"-s1 900 at
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
SILVER QUOTATIONS.

NEW YORK, July 10 (Fp.-Bar silver
steady, 2812, an increase of Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
GROWTH OF TRUST
SERVICE IS RAPID
National Bank Examiner
Comments on Expansion
of FiduCiary Activities.
Special Dispatch to The Star.

DpCVIdA AJIoputOII % DtdI'
NEW YORK, July 10.-Spectacular
growth of trust service in the banking
field is shown by the expansion in the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
Unlisted Department.
PUBLIC UTILITY.

(Tbese securities not listed under Exchange
ruleS.)
BONDS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10

1880 A.M........ 100000 1900 Noon. 100000
1880 P.M....... 100000 2:10 P.M........ 900 600
Dividend the table cash
based on the latest quarterly hayeary
tParty extra +Pus 4eo fPus 90 stock Paid
last regular rate Payable in stock Payable in cash
Plus stock Plus Plus so cents
preferred Plus Paid this
regular n Plus
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-10
Tire Prices.

Sears, Roebuck & Co. have started a
price war in tires by reducing the price
Of its companion" tire an average of
more than 5 per cent. effective today.
Goodyear. Goodrich and General Tire
companies yesterday reduced their
third line of tires in proportion to the
Sears, Roebuck slash.
Copyright 1881 by the North American
NeWsR per Alliance, Inc
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-20
QUAKE SHOCKS
ROCK LISBON
Two Temblors Result In
Slight Damage, No
Casualties

LISBON. May 2o-F-Portugal's
capital city was rocked by two
sharp earth shocks early today. one
OF ten seconds duration. No cas-
ualties were reported and the dam
age was slight.
The first occurred at $40 a. m.
II creased panic among the popul-
c and they deserted their beds
for streets and cellars. The longer
one was felt a few minutes later,
shaking the city severely.
The damage was small consider
ing the sharpness Of the tremors.
Water mains were broken. building
walls cracked. a few chimneys torn
down and household furnishings
knocked about
The higher parts OF the city ap-
parently suffered the heaviest tenn
blors. accompanied by ozinous
rumbling. The effect on the left
hank OF the river. the most vulner-
able section. was unknown because
telephone exchanges were closed.
Fire brigades circulated promptly
but no blazeS had resulted.
Shocks also were reported in the
Madeira islands and at Coimbra
and Leiria but no injury 10 life
or property was reported.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-20
:yZXz3;X


Itis of the quality similar to such other nationally known rsec-
ondine' tires as Firestone Old6eld, Goodyear Pathfinder, and
Goodrich Cavalier. And il, too, sells for LESS than other Sec
ondIine tires 7. i. as the table at the lower left indicates.
This combination of Galiy-~ithloSe price which is offered
by Wards seems to have made some of our competitors very
envious Especially Frestone dealers) so they are making and
publishing misleading and inaccurate statements about snail
Order tires. But they do o compare their first quality
tires with our Riversides . and their secondline tires with
our Trail Blazers =. for they know that to do so would Inn
mediately indicate how very much lower Wnds tires are
priced. So these alarmed competitors have, cunningiy enough,
priced their "secondlne" tires at exactly our first quality
Riverside prices +. . and then they print incomplete COM
parison tables which are intended 70 make people believe that
their prices, quality for quality, are the same as ours. Well,
they are MOTH See tables at the Left And the chart directly
below shows how Wards Trail Blazers compare in quality as
well as IN price with other nationally known secondline tires.
Will you please compare the specifications and the prices?