davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
NEW YORK BANK STOCK
MARKET SHOWS GAIN
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. August IA last-min-
ute buying movement today lifted the
bank stock and trust share market out
of the doldrums that prevailed most
of the session.
Announcement of the merger Of
Continental Bank q Trust with Strauss
National Bank 81 Trust and their ac-
QUESTION of International Trust into a
consolidated institution, bearing the
name of the first bank. caused CONT
mental to finish at 231a, up II point.
Bankers Trust at 1924 was up q &,
Chase National. SAL, up "a; Chatham
Phenix. 60l2. up /; First National,
BATS. off 5; National City. rs. up \ !:
Guaranty. 436, up 1; Irving. 80. up "a.
and Manufacturers. AIS. up Ia. The
following were unchanged: Bank of
America, Al; Brooklyn Trust. $50: Cen
trail Hanover. 213: Chemical National.
Az: Commercial, 230: Corn Exchange,
93iz; Empire, 441a Manhattan, 64sl. ::
New York Trust, l41, and Public. 46l3.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
CHICAGO LIVE STOCK MARKET

CHICAGO. August lPl UNITED
States Depart rent Of Agriculture =
Cattle-Receipts. 900 head; compared
week ago strictly granted steers ano
warnings 25 to 50 cents higher; light
warnings and weighty steers showing
most upturn; grass steers mostly steady
on killer type and strong to % cents
higher on stocker k nds: grass-fed cows
rs to so cents lower: grass h2ifers fully
Is cents off. instances more on thin
fleshed light weight offerings; grain
fed cows and fed butcher heifers Is
cents or more higher; low cutters and
cutters shared grass COW decline. fully
steady to IS lower; vealerS. l. so higher;
most light granted steers. 500 up
ward; best fed yearling steers. 9.35;
heavies, 865; yearling heifers, to 900
Sheep. 1000; for week AZ doubles
from feeding stations; $4,000 direct;
substantial price advances registered at
weeks opening mostly lost: leaving fat
lambs steady to IS cents higher; sheep
mostly rs cents higher: feeding lambs
strong: strictly choice range lambs top
at midweek 865, with best available at
the close at IT'S: native top at $50, with
800 and 8.25 paid sparingly on close;
bulk to packers, 7.50 to IT'S: bucks at
! 90 discount: throwout native in good
demand early at 5.00a5.50: closing at
1850 down: fat sheep IS cents higher;
supply light; few choice handyweight
ewes, 3.00a3.50.
Hogs, 5000 including 5000 direct;
market almost at standstill; few sales
IS cents below Friday; plain and light
weight kinds 25 to so cents and more
lower; few 170-210 pounds, 7.35a7.90
top, 100: packing s0ws, 425a5. IS: scar
tering light-weights, $50; compared with
week ago market steady to IS cents
lower: light weights off most: shippers
took 300; holdovers. 5000; light lights
good and choice. 140-160 pounds. 6.75a
$50: light-weights, 10000 pounds.
700a7.90: medium weights. 200-250
pounds. 6e0a7.90; heavy weight, $50
$50 pounds. 565a7.15 packing sows
medium and good. 275-500 pounds,
4.15a5.75; slaughter pigs. good and
choice, 100-130 pounds, 6.25e6.S5.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
New York Cotton

Special Dispatch to The star.
NEW YORK. August 1.-THE weight
of contracts on the cotton market to-
day became the heaviest of the week
and new low records for the year were
reached
Liquidation came from both foreign
and domestic sources. carrying October
to 81 cents, while May sold below the
9-cent level Foreign selling orders at
the close left the list under pressure at
lowest levels of the day, and 10 points
or more lower than Friday. Spots were
reduced 10 points to SIS.
With the Liverpool Cotton Exchange
closed. the brunt of selling pressure fell
upon New York Quotations were the
lowest since ,1al5. and with less rain
In the cotton belt than at any time
during the past month, the market
came under pressure from the start.
Houses with English and continental
connections received overnight orders
In large volume, partly due to the i'm
provement in weather and in part TO
the larger end-of July crop indication
figures than had been generally antici-
pated. Following persistent moisture
for the past three weeks in central dis
tricts. the change for the better in
weather conditions had depressing
effect on sentiment.
According to the annual report of
Secretary Hester of the New Orleans
Exchange, world consumption of Amer
lean cotton amounted to IL 856, 900
bales, inclusive of linters. while the
carryover, including 100000 bales Of
linters, aggregated 100000 bales. Pre-
liminary estimates of the New York
Cotton Exchange service earlier in the
week placed consumption for the year
around 11,1O00OC bales and the carry
over at 8.993, 900 bales, both totals be-
ing exclusive of linters The carryover
a year ago amounted to $4,000 bales
and two years ago to 4,517.000 bales, ex-
elusive of linters.
COttOy1 RANGE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01

United States Credit.
PesSimists would do well to bear in
mind that the credit of the United
States Government still ranks higher
than that OF any other nation.
On Tuesday ol-day bills will be
placed on the market to the amount of
$500 The notes will be sold at
the rate on a bank discount basis of
slightly over one-half OF l per cent.
The total amount applied for was al
most four times the figure accepted.
while the annual basis on which bids
were submitted varied from 0.51 to 0.58
per cent.
It is safe TO state that no other gov
eminent could finance itself on so at
tractive basis. The cost to Great
Britain OF treasury bills this week Is
4.525 per cent.
Wiggin on Committee.
In accordance with recommendations
made at the seven-poWer conference
International Settlements is going
ahead setting UP an international COM
mittee to help solve the German crisis.
Albert H. Wiggin. chairman of the
governing board of the Chase National
Bank. is the American member His
appointment which he has promptly
accepted. may be due to the fact that
the Chase Banks commitments in Ger
many exceed those of any other Ameri-
can institution
I Mr. Wiggin, as will be recalled. Is a
strong advocate Of drastic revision of
interrovernmental debts and IT is not
unlikely that during the period of the
one-year moratorium more concrete
plan may be evolved for the settlement
Of this most important postwar prob
lem.
Steel Prices.
Although steel prices seem TO have
reached a point of Sterilization. Eugene
G. Grace. president of the Bethlehem
Steel Corporation, does not expect any
immediate improvement in demand.
This. according to Mr.. Grace. applies
to other lines of business as well. He
is however, convinced that American
industry in general is very sound fnan-
cially and in a much better position to
take care of itself than was true in
other periods of depression.
Shoe Business Gains.
The firmness in the shares of repre-
sentative shoe companies is due to i'm
provement in business. In New
Hampshire. home of the international
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
CURB SHARES GAIN
IN QUIET MARKET
Public Utilities Issues Well
Supported on Good Earn
fS ings Reports.
A1ssisI Dispatch to The star.
BY JOHN A. CRONE.


NEW YORK. August Prices on
the Curb Exchange were Arm to a
shade higher In quiet trading today
While the market a. a whole took
Its cue from the big board. Curb stocks
showed q more definite inclination to
follow domestic news. This resulted in
frmness in the public utility stocks,
where earnings reports have been well
maintained: unchanged to slightly bet
ter prices in the oils following an i'm
proved outlook for gasoline prices. ard
selective trading in the industrial list.
There was little evidence OF any
sDeculatiVe interest in the market on
either side. The market leader, Elec-
tric Bond a. Share. was on the tape
quite often as a result OF recent
easing of the differential required on
odd lots But this had no effect on ITS
price movements. which. in keeping
with the general inactivity, were small
and tended higher.
Vacuum Oil was fractionally higher
at 45ss, but Imperial Oil. International
Petroleum, Standard of Indie ma. Stand
ard of Kentucky and other Standard
Oil issues were stationary. Cities Serv-
Ice opened lower, recovered and then
dipped again. =
United Verde was offered around 9
with very few bids following announce
ment that at the end OF the June quar-
ter investments costing S5,094.726 had
a market value of only S2.984,182. New
Jersey Zinc was off over point at 80.
Anglo Chilean Nitrate was SHADE
higher.
Aluminium Corporation eased al the
start but later adva need nearlV
points. Deere ~ Co. was lower Al =;
In the motors. Cord was unchanged
and Stutz at II was shade higher.
T1rited Gas was slightly higher At ga,
hit other gas company issues we've I'M
changed. Goldman Sachs. Shenandoah
and United Founders were the only
active trading corporation equities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
Washington Produce

Butter prints, 2s1z tub,
2s1a.
Eggs -Hennery. 22s2s; current re-
ceipts. 15al7
Poultry, alive - Spring broiers,
pounds and over. 32a33: 2 to ga
pounds. 32s331z: IL to 2 pounds. 28a
medium. 22a23; hens, large, 22a23;
small. 18a20; Leghorn hens, large, lisa
J 16; small. 13al4: ROSTERS. 12a13
Dressed-Spring broilers, 3 pounds
and over, 38a40; 2 to 21a pounds. 37s
38Ia; 1 n to 2 pounds. 32a35; Leghorn
broilers. large, 28a30; medium, 20: hens
large, 25a26; small. 20a22; Leghorn
hens, 17a18: small, Halls: roosters, 13a
IA; Long Island ducks, 2la22.
Meats-Beef. prime. 15a151a; choice
131aa14l2; medium. 13a1212; COW, II;
veal, top. 121ha13; lamb. IT; porh
loins. 8 to 10 pounds. 23a24; 10 to Il
pounds, 1sa20; fresh hams. 1920
smoked hams, 81; lard, l014 all; striI
bacon, "a.
Live stock-Hogs, heavy, 650as 90
light and medium. 8.00a850; pigs, s0(
a8.5O; roughs, 3.50a5.50; lambs, 5.00s
$50: calves. 500a8.50.
Frlits-Watermelons 20a65: canta
loupes, 50al so: oranges. California. 4.0t
ASSOC; Florida. 550s6.00: grapefruit
half crates, 5OaI 90; lemons. 6.00a8. 90
honeydews, 1.25al so: honeyballs, zoos
$50; bananas, 5Oa1 90: plums. 2.50f
2.75; apples. bushel baskets, 5Oa1 90
box stock. Gravenstein's, $50; pears
3.25; grapes. 1.50a1.75;. peaches. sos
1.50; huckleberries, 3.50a4.OO: black
berries. 500: pineapples. 3.50a4 90; nee
tarines. It's; figs, 50a1.00.
UoOct hloe pntotNoo mar harreI
200: sweets. per bushel, Its: tomatoes
50a75; cucumbers, 2-peck baskets
40a50; corn, five-dozen sacks. 50a75
string beans, 100: limas, 2.50a3.25:
lettuce. Iceberg. 400a5.50; eggplant
100: okra, 200; peas. 400: cabbage
50a60; beets. per 100 punches, 400; car
rots. per 100 punches, 200: spinach
New Zealand. rs; onions. 50-pound sacks
1.25a2.00; celery. 200; peas, 4.00a4.5O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01

Shoe Co. the industry 10 operating Al
90 per cent Of capacity and is reported
TO be buster than at any time within
the past 10 years.
u. q. Motors FOR Argentina.
Argentina is going to use American
airplane motors instead of French,
which have heretofore been manufac.
tured in the government plant in Ar
gentina. C. w Webster, president OF
the Curtiss- Wright Export Corporation
announced that the Argentine govern
ment has acquired exclusive manufac-
turing rights to the complete line Of
rtiss-Wright engines.
Britains Budget.
Chancellor Of the Exchequer Philip
Snowden is bent on balancing Great
Britain's budget. cost what it NAV. He
expects to consolidate the countFy's wal
debt through the issuance of a con-
version loan. and thereby effect a large
saving in interest. With London's re-
discount rate at Ala per cent. it would
seem that the f3otation of a loan would
have to be postponed until lower money
rates prevail.
Chilean Loans.
Exclusive of internal loans and mu.
nicipal bonds. Chile has sold in the
American market government and gov
eminent guaranteed loans of an ag.
gregate par value of S274,o12.000. OF
this figure, $l84,912 900 represented
government loans, and the remainde,
issues guaranteed by the state anc
placed on behalf of the government.
owned mortgage bank
The value of these bonds on tht
basis of. the original issue price wal
$3.50 .587.7 TAO. while the value on the
basis Of market quotations on July 30
aggregated &106.434060. In othel
words. II the American investor haC
purchased one 81 900 bond of each Of
the Chilean loans sold in the Unitec
States and had retained his holdings
the loss to date would amount to $557 II
per bond.
If allowance is made for interest re.
ceived during the entire period, the los.
to date. If the holder should dispose o.
his issues at current levels. aggregate,
slightly more than $500 per 81 900 bond
Although this figure compares rather
favora bly, with losses registered In man,
American issues. it should be remem
bered that when the American public
purchased Chilean loans. they were in.
vesting rather than specializing.
tCopyrght. 1881. by the North American
Newspaper Alliance, Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
Baltimore Markets
Special Dispatch 10 The Star.

Special Dispatch TO The Star.
BALTIMORE. Md, August l.-Pota-
toes. new. barrel. LOCALS: sweet DO
tatoes, bushel, 1.5Oa2.75; beans. bushel.
40a60; beets. per 100, 75a1.2 rs: cabbage
bushel. 20a30; carrots. per 100. 2O0a
800: corn. per Dozen sails: cucumbers
hamper. 20a60; eggplants, hamper, 75a
100: lettuce, per crate, 5Oa5 90; lima
beans, hamper, las: okra. bushel, 200a
2.50: peppers, hamper, 35a5O: onions,
per 100 pounds, 7Sal 90: peas, bushel
3.50a3 IS: squash, per bushel. goa 40
tomatoes. hamper. 25a50; apples. bush
Ell. l5sl. 90: blackberries, per quart, 1Oa
IS; cantaloupes. per crate, 75a3.00.
Dairy Market.
Poultry. aliye-ChickenS, young. 20a
30: old hens. l8a24; IRghorns, 12al7:
ROSTERS. l2a15; ducks, 14a22; pigeons,
pair. 20a25.
Eggs-Receipts, 400 cases: current re-
ceipts, 1Sa1s; hennery whites. f1rsts,
2ls23
Butter-Good and fancy. creamery
23a27; ladies. lsal9; process. 20a21
store packed, Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
FIRM PLANS EXPANSION.

VANCOUVER. British Columbia
August / DIT is widely reported in
shipping circles here that the Canadian
Pacific Railway is negotiating for a
controlling interest in Canadian
Australian Royal Mail Co., Ltd. An
important announcement in this con-
nection will shortly be made at
Montreal.
The Canadian Australian Line, a
subsidiary to Union Steamship Co. of
New Zealand. has for more than 20
years been the British link between
Vancouver and the Antipodes.
Recently the registration of the COM
pany was altered to Canadian and
shortly afterward j. G. Irons, general
manager. left for Montreal.
According to the reports here, the
Canadian Pacific Railway would take
over the big passenger rnotorship snd
the steamship Niagara. Additions of
one or more Of the Duchess vessels
might follow. 1t is said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
Investment Rules
BY GEORGE 7. HUGHES.

An investment program cannot be
mapped out intelligently having re-
gard only to the character of the in
vestment. 1t Is not enough that the
plan be sound. that the securities, II
securities are selected, be safe and re-
turn q reasonable income as well as
giving the desired degree of marketa bill
ity The subject has to be looked at
from the standpoint of the individual
investor concerned
A retired businessman. q widow, or
any one else dependent for his or her
living on income from investments has
entirely different needs from one just
starting to accumulate competence
To the former safety means assurance
that interest and dividends will be
paid regularly when due and that a
part At least OF the investment can be
realized upon in case of an emergency
To the latter the immediate income is
not 80 important. 1t is the gradual
accumulation of sayings which is the
objective.
Another situation is when the in
weston is actively engaged In business
but has funds temporarily idle and
wishes some return on them mean
while. To him the vitality essential
thing is that the investment be such as
may be reconverted into money on
short notice and without material loss
Now 1t is evident that no one in
vestment scheme will meet the needs OF
all these classes between which, Incl
dentally, no clear dividing line can be
drawn. Moreover there is q constant
shifting from one class to the other
Investment. therefore. whether. taken
from the viewpoint of the investor OF
the analysis Of the medium Is never q
static affair.
All of which leads us to still another
point which Is that investment calls foa
constant supervision. Not only do the
conditions affecting stocks. bonds, OF
mortgages continually change. but the
financial situation of the owners sim
ilarly changes. Success in investment
means much more than wise initial
choice of the investment medium.
Copyright. 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
JAIL STORMED IN STRIKE

SAN JOSE. Calf, August (P'-
Approximately $500 cannery strike
zvmnathizers stormed the City Hall
yesterday afternoon demanding the re-
lease of 10 persons arrested earlier In
the day In connection with strike DIS
ORDERS.
and the crowd was dispersed by police
and f1remen. assisted by 178 speclal
ofacers. Police said about ITO employees
were on strike, $500 having walked
out ThurSday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
Charity Drives Limited.

Belfast. Ireland, has had such a rush
of charity street collections that it is
trying to limit the number. The Bel
fast Corporation Police Committee has
asked the commissioner of police to re-
duce such collections annually to few
of the most deserving cases, and that
any such drives shall be limited to one
day only.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
Clearing House Statement.

NEW YORK, August l H9.-The
weekly statement of the New York
Clearing House shows: Total surplus
and undivided profits, $l198, 75s, 400
unchanged; total net demand deposits
taverage), $I5,595, 900, decrease: time
deposits (average), $2.761 900. decrease
clearings. week ending today, $4.2i7.-
776,705; clearings, week ending July Is
$4,041, zoe, 429.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
MACHAD0 MAY LEAVE
CUBA FOR ELECTIONS
President Reported Planning to
GO Abroad While Successor
Il Being Chosen.
BY the Associated Press.

HAVANA. August 1.-The Associated
Press has been informed from usually
reliable source that President Machado
was planning to take vacation" OF
several months during the 1892 election
period if constitutional reforms which
provide for elections next year instead
OF in 1884 are approved by Congress.
The President. according to this
source. Is planning to 60 abroad while
the elections are being held
This trip would fulfill the desires OF
several opposition leaders, including For
mer President Mario q. Menocal and
Miguel Mariana Gomez, former mayor
OF Havana. who not long ago asserted
elections supervised by President Ma
chado could not be fairly held"
The President would 60, according tc
the information. ito give the people Of
Cuba no grounds for suspicion that the
elections might be fraudulent. or that hi
would try to use his influence In pick.
ing his successor"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01

dPP1 C.i&OIy dUOVC bIlc 1OWS lOT bklC
day The volume continued restricted.
Those verSed in the technique of Wall
Street pretend to see in the decline in the
volume of trading an approach to the bot
tom of the bear market We are reminded
that the low point of the 1907 market was
reached In November of that year, when
trading had declined to q daily average
of $4,000 shares. The low in the 1921
market was reached in August, for which
month daily sales averaged about 40, 900
shares.
Even though the situation today is in
many respects different from that obtain
ing in 1907 or in 1921, we may not be far
from the end of the downward movement.
The impetus may, and probably will, come
from abroad. An agreement between
France and Germany, which is not at all
unlikely, should result In a change of at
titude on the part of France toward dis
armament.
Frances aloofneSs Is not expected to
last long especially because France realizes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
Markets at a Glance

NEW YORK. August tHol.-Stocks
Heavy utilities improve moderately
Bonds: Irregular: foreign strong. Curb:
-Firm; changes small. Foreign ex-
changes: Irregular: sterling advances
Cotton: Lowe: bearish year end sta
tistics. Sugar: Holiday. Coffee: Holt
day.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01


fully length Of
wholly understanding
nations The so should
1t come earlier
Low fOr
market yesterday characterized
the exception of July deliveries which high for
for
that has been created in the commodity Thomas
Howell for spectacular Chicago
nembered connection with his
Livermore
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
CHICAGO STOCK MARKET

BY the Associated Press.
CHICAGO, August Following is
the complete official list OF transactions
in stocks on the Chicago Stock Elk
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01

Exports Of cereals and corn from Ar
gentina recently broke all previous rec
ords.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
C0L0RED MAN TO SEEK
SEAT ON COUNTY BOARD
Physician Of Halls Hill Files for
Arlington Post-Sponsors of
Candidacy Unknown.
By a stan correspondent of The star.

BY stan Correspondent OF The Star.
ARLINGTON COUNTY COURT
HOUSE, Va, August DIR. Edward T.
Morton, colored physician of Halls Hill,
yesterday filed notice of his candidacy
for one Of the five places on the County
Board. He is said to be the first COL
ored man to seek public Office in Ar
lington County since 1908.
The latest candidate has been a resi-
dent of the county for the past IA years
and Is well known among the entire
colored population. So far as is known
he is not sponsored by any particular
organization.
A national economic council for
China Is beina organized.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01

After medical training in America.
many native Indian doctors are return
ing 10 India TO practics.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
Everybody's Business
Recent Decline in Volume of Trading on NeH York
Stock Exchange May Indicate Early End
to Bear Market.

epeciaI pispatch to The Star


NEW YORK. disappointing dividend
leading corporations
throughout the
Toward