davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09
Washington Produce

Butter-One-pound prints, So; tub, IS.
Eggs-Hennery, 3Sa42; current re-
ceipts, 28a33.
Poultry, alive-Turkeys, young toms
and hens, 23a25; old toms, 18a20; cid
hens. 2oa22; chickens, pounds and
over, 18a20; 2 to 2la pounds, 20a22:
Spring broilers, "a; hens, large, 18a20;
small, 15a17: Leghorn hens, 13a15;
ROSTERS, 10a12; keats, young, 40a45; old,
25a35.
Poultry, dressed-Turkeys, young
hens ana toms, 31a33; old toms, 26a28;
old hens, 28a30; chickens, pounds and
over, 21a23; 2 to 21a pounds, 23a25:
Spring broilers, 81; hens, large, 2la23;
small, 18a20; Leghorn hens, 16a18:
ROSTERS, 1Sa15; Long Island ducks.
1920.
Meats-Beef, prime, 1872; choice,
152a16; good, 14a141a; fair to medium,
1lal2l2; COW, 7laa8; lamb, top, Is;
medium to good, 1212a13; veal, top, IA;
10 POUNDS, 10; 10 to II pounds, liza
IL; IL to Is pounds, 10al0L2; fresh
hams, skinned, ID to 20 pounds, 10; II
to IA pounds, ID; to 10 pounds, Is;
smoked hams. 10; strip bacon, 22a23;
lard, 50-pound tins. 9; in packages, 10;
compound, 7a7I2.
Fruits-Oranges. S.5oa5.50; lemons.
5.50a6.00: lines, per 100, It's; honey
balls, 400; honeydews, 2.25a2.50; grapes,
Concords, 23a35; Zinfandels, 1.l0al .25;
Muscatels, 1.10a1 Is; Tokays, 1.50a1.75:
Malagas. 1.50a2.00; black ferarras, Its;
apples, bushel baskets. 50a1 so; fancy.
box, 2.00a2.75; pears, ANXIOUS. 2.75a3 90;
Boso, 3.00a3 so; pineapples, Cuban, 800
a3.50; cranberries, 1.75a2.00; ounces,
LOCAL Is; grapefruit, 2.50a3.00; bananas,
2.00a225 persimmons, 200.
Vegetables - Potatoes, Maine, 100
pound sacks. 1.25; Idaho bakers, 2.25:
sweets, bushel baskets, 50a75; onions,
picking, 50-pound sacks, l.25a1 so;
artichoke, $50; string beans, 2.25a2. So;
limas, 250a4 so; turnips, bushel baskets.
100; punched, per 100, 400: beets. per
100 punches, 400; carrots, per 100
punches, 400; okra, $780, satisfy, per
one dozen punches, IS; squash, 3.00a
$50; peas, 3.75a425; cucumbers, 500;
lettuce. Iceberg, 3.00a3.50; kale, 35a50:
spinach, 50a75; celery. ZOO; tomatoes,
50a1 rs; California Tugs, 800; peppers,
250a2.75; nearby bushel baskets. 100;
eggplant, 4.50a5.00; parsnips, lbs:
mushrooms, 50a75; asparagus, Cali
fornia, choice, 400; fancy, $50; extra
fancy, 400; peas, 4.00a4.25.
More than 660,0O0,o00 eggs were
shipped from Denmark in the first
eight months Of this year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09
BONDS IRREGULAR
IN PROFIT TAKING
Many Losses Recovered,
However, as New Buy
ing Appears.
BY F. H. RICHARDSON.
Special Dispatch to The Star.

special dispatch to The Star.
NEW YORK, November e.-As was
natural after the broad advance of last
week, the bond market today met profit
taking on fairly large scale and prices
were irregular. Nevertheless. there was
good buying in all parts of the list and
many of the losses were retraced later
in the session.
Bonds Of foreign countries, affected
by the world upturn in commodities
moved higher, notably the Argentine
group. which was also affected by the
absence of any disorders during the
elections. But japanese issues were
weak, breaking to points on re-
ports that war had been declared on
Japan by the defenders of Tsitsihar.
Manchurian city.
japanese government SIPS dropped q
points to new low. The 6Ias were
off about 2 points and there were
smaller losses in Toxic Electric IS.
Toxic 512s, Taiwan S 1as and Toho IS.
The advance in the South American
group was led by Argentine IS, up to
points to new highs on the recovery
These issues have more than doubled
in price in little more than a month
Uruguay 8s jumped 4 points to a new
top for the move. This reflected firmer
exchange rates. Chilean, Brazilian.
Peruvian and Bolivian bonds we're up
/ to points. Cuban issues. which de-
clined last week, recovered more than
a point.
German dollar descriptions we're
under some pressure at the start, but
subsequently firmed. The early de-
clines we're attributed to profit-taking
Most other Europeans we're firm. Cana
dian Exchange was firm at ga per
cent discount and Canadian govern
ment and railway bonds were steady
with an active trade in Canadian Pa
cific As, Canadian National SIS and
Canada As.
The feature of bond trading at the
opening was the strength of foreign
dollar bonds and the obligations Of
companies with foreign connections
International Match IS, International
Telephone AIS and American & Foreign
Power SIS gained point or more. Great
Britain 5l2s, Belgian IS and Yokohama
IS we're the most active foreign issues,
all being fractionally higher.
United States Government long-term
issues gained from 2-32 to 6-32 at the
opening on the further cut in money
rates, with 90-day loans quoted at 3
per cent. Junior rails improved with
the firm tone in stocks, small advances
showing in Missouri-Pacific SIS, Erie SIS
and Denver & Rio Grande Western SIS.
Industrials were firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09
HOLDING COMPANY
INQUIRY IS URGED
Financial Writer Suggests
Commission Be Appointed
to Study Matter.

By the Associated Press.
PHILADELPHIA, November Dbl
vergent views as to what should be done
with holding companies controlling
public utilities were expressed at O
two-day meeting of the American
Academy Of Political and Social
Science
James G. Bonbright, professor of
finance at Columbia University, said
there would be some form of reglla-
ton. while John T. Flynn, New York
City. writer on business and financial
subjects, advocated the present system
OF holding companies should be elm
mated.
Holding Companies Discussed.
The general topic under discussion
was Power and the Public" and the
special subject taken UP at the first
session was the field and function Of
the holding company. George Otis
Smith. chairman of the Federal Power
Commission, presided
Prof. Bonbright said, Fortunately or
unfortunately, the holding company has
become an integral part of American
public utility enterprise, and the prac-
tical issue today is that of its regula-
ton rather than that of its destruc-
ton.
Among the needs in the proper scope
OF regulation, Prof. Bonbright said, are
revision of public service laws, de-
velopment of rational plans of public
utility consultations under laws similar
to the consolidation provisions of the
transportation act, abolition of inter-
company transactions yielding an I'M
regulated profit to the holding company
and, possibly, commission regulation Of
holding company securities.
Prof. Bonbright said that it seemed
obvious State commissions will be DOW
erless effectively to control national
holding companies without the aid of
the Federal Government.
Mr.. Flynn said, There cannot be and
there must not be any change in the
Sherman antitrust law until the hold
ing company problem has been elimi-
mated from our financial system" AS
long as these companies flourish, he
said, weight of argument can be
brought to bear on Congress which will
make it shrink from tinkering with the
present antitrust statutes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09
Commodity Index Unchanged.

NEW YORK, November 9 (SpeciaD.
Surprise was expressed in the Street
today over the absence of any appre-
ciable advance in the weekly commodity
index, in view of the rise in wheat, corn,
cotton, silver, cocoa and some OF the base
metals. The Fischer index IS practl-
cally where it was three weeks ago and
only slightly above the low point for
the depression reached in the first week
of October
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09
Yield on Stocks.

NEW YORK. November 9 Especially.
Service today points out that
the average yield on a group of sew
eral hundred active issues had dropped
to 9.72 per cent on November 2, COM
pared with 1904 per cent on october S.
With the rise in the last week, it is
now about one-half of / per cent lower
than at the beginning of the month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09
WASHINGTON STOCK EXCHANGE
QUOTATIONS AND DAYS SALES
SALES.

SALES.
Washington Gas IS "A"-S1 900 at l00
Washington Gas IS "B"-S2o0 at lo2,
500 at 1c2.
Potomac Electric 5l2To pfd-5 at l071s:
American Security & Trust co.. at
Soc 2 at 800, at 800.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09
NEUTRALITY-SUSPICIOUS..

NOTWITHSTANDING
is y Elec Po&Lt Dec 136 1% Ia IA r u
Az 3S4 Peep G & c. Jan IS Az Az 49a + "a
Sales of Stocks New York Exchange.
1880 AM......... 100000 1000
1880 PM. 100000 2:10 P.M........ 2,5OO.O0O
Dividend given table the
latest hafyeary
xEx-dvdend sLess than Party extra 1Plus
~ In stock fPlus 9o regular rate
Payable IN stock Payable Plus 80 in stock
Plus 30 preferred stock. Plus
80 stock Plus SO in
stock Plus 2i2E
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09

American (l2l ..............r..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09

More than 66o,0Oo,ooo eggs were
shipped from Denmark in the first
eight months of this year.
The Washington times., 1931-04-22
6. AND D. T|LTS
NET EARNING

RICHMOND, Va, April a.
The gross revenue, net railway
operating income, and net income
of the Chesapeake and Ohio
Railroad Company, together with
operating ratio, are shown in the
statement of operations for the
month of March, 1881. report for
which was sent to the Interstate
Commerce Commission.
Gross revenues for the month
were $9,711,979, a decrease of
$724,813 over March of last year;
operating expenses were $685.
1893, a decrease of $987,9 ,946, as
compared with March of laI
year; net railway operating in
come was $2,366,291, an increase
of $209,109 over March of last
year.
The net income after all
charges for the month of March,
1881, was $1,762,221, an increase
of $15O,O79 over March of last
year. The operating ratio is 67.0
per cent, compared with 71.8 per
cent for March of last year, or
decrease of 4.8 per cent.
All directors Of the Chesapeake
and Ohio Railroad wee reelected
at the annual meeting of stock
holders yesterday. In the absence
Of President j. j. Bernet, w. j.
Harrahan. senior vice president,
presided.
The Washington times., 1931-04-22
AID BANK
IS APPROVED

LONDON, April % GN.SO.-
American banking tereSts, with
one or two exceptions, agreed to
the general outline of plan for
an international bank to finance
trade in new world markets, pro-
posed by Montagu Norman, OF
the Bank of England, in his re-
cent United States visit, the Lon.
don Daily Mail stated today.
Although Norman remained
noncommittal, the Mail said that
he was likely to announce forma-
tion of the bank at the forthcom.
ing meetings of the world bank
for international settlements at
BaSle, Switzerland.
The plan calls for a capitaliza-
ton of 100000, with the
Balkan States, Germany, Czecho.
Slovakia and Russia participating.
The function of the new inter
national bank would be to H.
nance long-term credits to the
governments of eastern Europe
and South America.
The Washington times., 1931-04-22
PROF|TS0FFOO
FIRMS HIGH

Food company earnings were
maintained at normal levels in
1880, registering only slight de
cline from the 1929 peak, accord
ing to a current survey by the
Standard Statistics Company, OF
New York, which continues in
part:
"SeveraI factors contributed
to this favorable showing, but
of greatest Importance were
the status of food in the class
of necessities and the sustained,
if not widencd, margins Of profit
through the sharp decline in
prices Of raw materials.
aggregate consumption Of
food is unlikely to be smaller
this year than last, but we be-
lieve that pressure upon prices
(cauSed by increasing cOmpeti-
ton in certain fields, as well rs
by the tendency of consumers to
search for bargains) may re-
duce profit margins and that a
further moderate shifting Of de-
mand to the cheaper types and
brands may result in q decline
in dollar sales of some prOduc-
erS."
The survey adds that the pro
longed business depression is ex
pected to exert an influence In
making earnings somewhat spotty
this year, even in this normally
stable industry,
The Washington times., 1931-04-22
ZINC INDUSTRY.
REVOLUTION
FORESEEN
New Process Soon to Be Made
Public by Bureau Of Mines
to Cut Production Cost

The production Of metallic
zinc of more than 99.9 per cent
purity at comparatively low cost
looms as a definite probability as
a result of research by the United
States Bureau of Mines, details
of which are to be announced in
the next few days. R. S. Dean,
chief engineer, metallurgical di-
vision, said:
"COSts of reagents, thermal
economies, maintenance, labor,
recovery and by-prOducts, to-
gether with quality of zinc pro-
duced and lower cost of equip
ment are all favOrably influ-
enced by the new process.
Revolution in Industry
Working for the past three
years on the general problem of
finding improved methods to as
sist in utilizing the zinc ores
available in the Western, Central
and Eastern States, bureau en-
gineers have studied chemical re-
actions, working temperatures,
and ores giving promise in meet
ing modern industrial require
ments for high-grade, low-cost
materials.
Success in an outstanding de-
gree did not reward their efforts
until they we're able to test the
practicability of certain thermo-
dynamic calculations indicating
possibilities in hitherto unde-
veloped direction.
VerificatiOn Nears
Verification of the results at
taned at a Western experiment
station of the Bureau of Mines
is about to be made publ.
It is anticipated this will favor
ably affect the mineral economics
of the third largest nonferrous
mineral industry in the United
States and in addition probably
will extend the use of another
important mineral product.
The Washington times., 1931-04-22
BANKERS WARY,
HANEY SAYS
BY LEWIS HANEY

All stock groups fell last week
and the averages" came within
a very few points of the Decem-
ber bottom. The volume OF
trading picked up rather steadily
as bearishness grew with the de-
cline in prices.
During the week the averages
lost about 4 points, the heaviest
losers being a few pool stocks,
utilities and some Of the high
priced investment trust favorites
Rails Hold Well
The rails stood up rather well
Bonds were irregular, but showed
a fractional decline on the aV-
erage.
About the only bull argument
Is that the decline has gone so
far that a technical rally may
occur any time now. The wide.
spread bearishness will as usual
lead to an oversold condition be-
fore long. AS the market nears
the December lows, one might ex'
pect some resistance to the de.
cline.
The growing evidence of the
utter collapse of several pools
may also suggest that some of
the weak spots are being cleared
out. When these organizations
are liquidated, the market should
become more settle.
Bankers Cautious
The decline in several Of the
old investment leaders shows that
some good liquidation is going on
and some selling against the
box" (for example, National Bis
cult. Corn Products Refining.
Western Union, National Lead and
American. Bank Note).
There has been a notable ao
eence of good banking support
Thus we find new lows for the
year in the stocks just mentioned.
as well as in Steel, Standard OF
New Jersey and a good many
others of similar caliber.
The Washington times., 1931-04-22
HONORED
BY BROKERS

w. w. Spaid of w. B. Hibbs
and Co., has been reelected vice
president of the Association of
New York Stock Exchange Firms.
This is the third time the associ-
alton has accorded him it's
highest honor open to a member
outside New York.
AS one of the organizers of the
association, Mr.. Spaid has been
largely responsible for it's sue
cess and has given literally of
his time in promoting its
interests.
Mr.. Spaid is a past president
of the District of Columbia
Bankers Association and of Wash
ington Chapter, American Insti-
tute of Banking.
The Washington times., 1931-04-22
PARLEY TO PUSH
CONSUME PT|ON
To FORE
International c. of C. Group
Meeting Here Sees 1t More
important Than Production
By ROBERT S. THORNBURGH

Consumption. rather than pro
duction, should be given primary
consideration in the operation of
any business enterprise, accord
ing to the theory advanced in a
report which will be presented
for discussion at the coming con,
gress of the International Cham.
ber of Commerce here May 4 to
9. The report was made public
today.
Fundamental Questions
This is one of the many funda,
mental questions which will GO
before the international CONNER,
cial body in the effort to work
out a general plan whereby busi.
ness depressions and the widely
fluctuating cycle of commerce
and industry may be prevented
or, so far as economic laws will
permit, may be corrected. The
report said:
"Greater knowledge of the
constantly changing demands
of consumers and the distribu-
ton machinery that supplies
and stimulates these demands
is essential in order that pro-
ductiOn planning and activities
may effectively be correlated
with the general economic
mechanism.
"Tt would appear that the
primary responsibility is to
allocate and evaluate cOnsump-
ton and demand. Errors in
carrying out this responsibility
inevitably are reflected back
through all agencies concerned
in supplying specific cOnsump-
ton, resulting in waste through
OverprOductiOn or under-prOduc-
ton. Accuracy in carrying it
out should guide and regulate
production in the general eco
nOmic interest"
Production Function
The production function, as de-
fined in the report, includes CO.
operation in creating effective de-
mand for goods to be produced,
and in the coordination of effort
required to assure production;
sales and delivery-the time and
place desired of goods which are
satisfactory to the consumer at
prices which will insure the de
velopment of maximum demand
at least expense and with reason
able profit.
The report, prepared by a COM
mittee of American business men
headed by V. P. Valentine, as
sistant vice president of the
American Telephone and Tele-
graph Company, deals essentially
with American conditions. D. F.
Kelly, Chicago, will present the
American viewpoint. Lord Luke
of Pavenham, of Great Britain,
and Ferruccio Lantini, of Italy.
will speak for the European coun-
tries,
The Washington times., 1931-04-22
FRANCE SENDS
COLD HERE

NEW YORK, April 22.-Word
that LaZard FrereS, Of New York,
operating with Lazard Freres, of
Paris, are shipping $3,5OO,0O0
gold from France to the United
States via S. S. Paris, which sails
today, surprised local money and
foreign exchange brokers, though
the spot franc rate has been
lowering within reach of the gold
import point for the last few
days.
While the cable rate on Paris
in this market is quoted at $.0391,
it is understood that the trans
action was carried out in Paris
on more favorable terms at
around $.0390B. This level has
not been touched in New York.
When the franc touched $.O391
on April Is, the possibility of
gold imports was discussed, but
at that time the gold point was
figured at about $.039012. Pres
ent shipment was made possible
by a sudden reduction in ocean
freight rates. which automatically
raised the gold point.
Although a movement of gold
out of France is in accordance
with that country's new financial
and economic position, it was
believed that shipments OF the
metal would be confined to Euro
pean countries. Paris surprised
the foreign exchange markets
recently by announcing a ship
ment of $1,000,000 gold to Ger
many. It is interesting to note
that that shipment was also
made by Lazard Freres.
The Washington times., 1931-04-22
VIRGINIA IRON, COAL

Virginia Iron. Coal & Coke Co.
reports for quarter ended March
81, 1881, net profit of $66,252
after interest. depreciation, deple-
ton, ETC.. equivalent after divi-
dend requirements on 20,008
shares of S per cent preferred
stock outstanding on December
81, 1880, to Al cents a share on
10000 shares (par $1,000 of com,
mon stock. This compares with
net loss of $41.453 in first quar-,
ter of 1890.
The Washington times., 1931-04-22
Advertising Credited
With Vast Sale of
Cigarettes

Grafton Virgins, of Palmer
and Company, cites the growth
In cigarette sales and profits
last year to the power of ad-
Vertising. He says:
Cigarette companies achieved
noteworthy earnings ecOrdS
throughout 1890, contrasting
sharply with the records of a
great majority of industrial,
railway and public utility COM
panieS.
The single factor for growth
Of sales lies in advertising. The
huge advertising m p ig n S
now planned by the manufac-
turerS, coupled with the recent
advance of 10 per cent to IL
per cent in the retail price of
cigarettes, gives rise to a belief
that an increase in wholesale
prices is pending"
Mr.. Virgins pointed out that
cigarette sales have grown from
$1,000, 100000 in 1914, to 49,
OO0,O00.Q 900 last year.
The Washington times., 1931-04-22
LEATHER FROM WOOL

LEEDS, England, April %
G.N.SO.-Secret experiments ex,
tending over a year with a
process for manufacturing imita-
ton leather from raw wool are
nearing completion here. Scien-
lists at the British Wool Indus
tries Research Association at Tor
ridon, near Leeds, have now
reached a stage when they can de-
clare the new material will be a
distinct commercial proposition
and provide the British textile in
duStry with a new and profitable
market,
The Washington times., 1931-04-22
Otis Steel Earns
S2O.6I5 in Quarter

Otis Steel Company for the
quarter ended March 81 reports q
net profit of $20,615 after interest,
depreciation and Federal taxes,
equal to 18 cents a share on
115,034 shares of per cent prior
preference stock outstanding on
December 81, 1880.
This compares with a net profit
of $634,058, or 81 cents a share
on 1902 shares of no-par COM
mon in the first quarter of 1890
after dividend requirements on
nreferred
The Washington times., 1931-04-22
MUTUAL B A N K
HEADS MEET
HERE SOON
Group Representing Deposits
of $500, 100000 Is Called
in Conference May 20 in D. c.

The worker must do his part
to aid the principle of employ
ment at good wages by intelli-
gent use of his labor as con-
verted into funds, according to
Henry Bruere, president Bowery
Savings Bank, New York, calling
the eleventh annual conference
Of the National Association Of
Mutual Savings Banks, to be held
here May 20 to %.
Good Wage Doctrine
Delegates representing $780,
10000 of deposits and 12,575,000
depositorS will attend. One OF
the chief topics. Mr.. Bruere said,
will be unemployment and it's ef-
fectS on savings and industry,
adding:
"The doctrine of steady en-
pIoyment at good wages must
be taken as an accepted doc
trine of our industrial life, be-
cause industry cannot prosper
without increasing millions of
consumers from year to year
who will be able to absorb our
enormous latter-day output
from mines, farms and indus
tries"
Group Insurance
Despite our present paradox
Of millions of idle in the richest
nation of all times, the actual
and potential standard of living
IN the United States eXcels that
of any other nation ever known
to the world, according to Mr..
Bruere.
He also believes that in addi-
ton to the many form of Sc
curity afforded by our various
savings and insurance plans, we
need group unemployment insur-
ance to fill such gaps as that of
the present, thereby increasing
the stability of the individual
workers life and, through him,
the life of the nation.
The Washington times., 1931-04-22
Northern States
POUer Earnings

The annual report Of Northern
States Power Company for the
year ended December 81, 1880,
shows an increase in gross earn
ings of $517.842, or 1.58 per cent,
and a decrease in net earnings Of
$181,259, or LOT per cent, COM
pared with the previous II
months, according to John j.
O'Brien, president. Byllesby Engi
neering and Management Cor
poration.
The Washington times., 1931-04-22
CURTIS PUBLISHING

Curtis Publishing Co. reports
for quarter ended March 81, 1881,
net profit of $4,654,634 after de-
probation and federal taxes,
equivalent after dividend require
ments on the ST preferred stock,
to Sill a share on 100000 no
par shares of common stock. This
compares with $6,533,142 or $2.75
a share in first quarter of 1880.
The Washington times., 1931-04-22
COMBINE APPROVED

Stockholders of the Anglo-Chi
can Consolidated Nitrate Corpora
tion and Lautaro Nitrate Corpora
ton at meeting held in Whining
ton, Del, approved the plan Tor
the merger of those two compa-
nies with the Chilean nitrate COM
bination known as CoSach.