davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
HARR|MAN-H|LL
BATTLE RECALLED
Today Is 30th Anniversary OF
Famous Panic Resulting
Z From "Nipper" Feud.
Nv tn. Associated Press.

~ the Associated Press.
NEW YORK, May 9.--Veterans In
wall Street recalled that today was the
thirtieth anniversary of the strangest
phenomena in financial annals-the
Northern Pacific panic.
The principals in the struggle Tor the
control Of "Nipper," as Northern Pa,
cific was then known, have been oeao
several years, but one in whose mouse
the trouble actually started, although
he was not a party to II, missed by only
q veek the thirtieth anniversary of a
financial cataclysRn which he vlVloly
recalled.
II was at the home Of George F.
Bake. who died last Saturday, that
Edward H Hartman went to demand
from James J. Hill an interest in the
Chicago. Burlington & Quincy. HILL
backed by the late j. Pierpont Morgan
had lust acquired the Burlington, de-
priving HarrimanNs railroads Of an out
let to Chicago. Hill declined to con-
slider the request. HERMAN has been
quoted as replying, very wen, It is a
hostile act. and you must take the con-
sequences"
Evolved Gigantic l1an.
Hartman evolved what was gigantic
nlan for those days He learned that
the Morgan-Hill domination Of the
Northern Pacific depended upon some
what less than majority control OF the
stock. Backed by Kuhn, Loeb d Co.
and the National City Bank he quietly
began buying up Northern Pacific stock
planning to snatch control away from
Hill and his bankers.
Morgan was away In Europe. Hill
was in the West. Northern Pacific
stock mysteriously rose in the market.
day after day. The Morgan f1rn even
sold some of its stock In Seattle, Hill
became suspicious and rushed East. He
went to Jacob Schif Of Kuhn. Loeb IL
Co. and learned that he was buying the
stock for Hartman. The news was
cabled to Morgan, who, in a towering
rage, ordered his Arm to buy all the
stock necessary to assure control. A
terrific battle was on.
Rose TO $1,000 Share.
On May o, 1901, there was no more
stock in the open market to be had.
Bears had been selling Nipper short all
the way up, sensing that the quotations
were rediculously high. Now there was
no stock with which to cover their
short commitments. They bid frenZidly.
In an hour the stock surged up, from
5000 to $1,000 share. But as North
ern Pacific rose. the financial COM
munity was terrified to see the rest OF
the market collapse. Prices tumbled
from Is to 40 per cent. United States
Steel dropped from $46 to $24. Traders
were dumping their other holdings IN
an effort to raise funds to cover their
commitments in Nipper.
The bankers backing Hartman and
Hill suddenly realized that in their
private scrap they had Internationally
caused the ruin Of scores Of bystSGders.
They capitulated. Stock was provided
for the shorts. and the price came
down. Hartman wanted to fight on,
but Schiff refused. Hartman was given
representation on Northern Pacif1c's
directorate and had to be content with
that.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
COMMODITY TREND
CONTINUES LOWER
Eleven Classes Declined,
Two Stood Still and One
Advanced Last Week.
BY II. n. McGILL.
Editor IcGm Commodity Service.

AUBURNDALE, Mass. May tR1.--
The average of all commodity prices
during the week just closed recorded
another decline establishing new low,
for a period of weeks q downward trend
of commodity prices has proven quite
pronounced. A check-up on the price
changes in IA individual groups shows
that IL declined, two remain I'M
changed and only one advanced.
It is not to be expected that COM
modify prices will show any independ
ent price strength as long as industrial
activity remains near low ebb. Uneni-
ployment holds close to 5000, 900. pur-
chasing power is impaired. and inven-
tories of both raw materials and nm
ished goods, while not large in terms OF
past peaks. are heavy when compared
with the conservative rate of conSump-
ton. There is another point which
must be borne in mind. namely that
1t is the usual procedure In commodity
markets to lag behind the movement
recorded in general business and the
stock market. Only recently the stock
market reached a new low point and
the rate of industrial activity has fiuc-
tunately, sharply reduced producing
schedules are preventing stocks on
hand from increasing rapidly. Com
modify markets are bound to founder
around until there is definite improve
ment in world economic affairs.
All Commodities.
Noting specific changes during the
past week. the average Of all commod-
tiles broke through the low Of the
previous week. caused by general weak
ness in industrial products, livestock.
fuels. hides and leather. non-ferrous
metals, ferrous metals. paint materials,
paper and pulp. textiles-both fine and
coarse-and vegetable oils.
Industrial Prices.
Principally due to the critical weak
ness in metals, particularly the nom
ferrous group, industrial prices declined
during the past two weeks more than
10 basic industrial products have broken
through the lows established during
the closing months of 1880.
Agricultural Prices.
Agricultural prices represented the
only group which advanced. The re-
covery was only Of slight nature, but
1t clearly indicates that farm products
are showing considerable resistance
against a downward trend. Over-pro-
| duction will not be easily corrected.
Recent reports show that Russia is now
the largest wheat producer IN the world
and the five-year plan calls for an in
crease in acreage this year of $4,000. 900.
Textiles.
Textiles were lower, caused principally
| by the cratic trend in cotton and price
| weakness In silk. The price Of spot
cotton recently broke through the De-
cember low, reaching 9.40c on May 2.
NOn-ferrOus Metals.
More price weakness was shown by
/ al fnw
due to the break in copper to &c, lead
&C, zinc $500 and tin 22.S7hc.
The only two groups which remained
stable during the past week were build
| ing materials and chemicals.
Most important price changes:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
STEEL PLANT SALE
SEEN AGAINST LAW
Representative Brumm Appears
Against Bethlehem's Pur-
chase at Pottsville Mill.
BY the Associated Press.

BY the Associated Press.
PHILADELPHIA, May SERepresenta-
tive George Franklin Brumm Of Schuyl-
kill County asserted in Federal Court
today that the proposed acquisition by
the Bethlehem Steel Co, of the plant
of the defunct Eastern Steel Co. of
Pottsville, would constitute o violation
of the Sherman antitrust laws.
Appearing on behalf of the citizens
of the county who want the Eastern
plant kept in operation and would be
willing to purchase 1t for that purpose,
the courts allowing Alexander Luria of
Pottsville to buy the plant from its re-
ceivers in equity He said he made
complaint recently to Attorney General
Mitchell in Washington and the At
torney General had ordered an imme-
date investigation Of the situation.
Representative Brumm charged the
contemplated acquisition by Bethlehem
of the Eastern Steel plant, which has
been in the hands Of receivers for i've
years, is the elimination Of q con
spiracy," to put the plant out of COM
mission. He added that the Chamber
Of Commerce of Pottsville also was cp-
posed to the closing Of the plant, and
was endeaYoring to raise funds to make
a higher offer than that of Luria so
that the business Of the concern could
be resumed.
At a public sale about three weeks
ago, Luria bid 100000 for the plant
and equipment and $152.000 for ma
terials and scrap" on the premises
The hearing before the court today
was .on a request by the receivers Of
the company for confirmation of the
Luria bids.
Judge Dickinson ended the hearing,
which lasted an hour, by saying he
would not render a decision before
Monday.
Brumms principal request was the
court delay action on the confirmation
CT the sale until the United States De-
partment Of Justice had completed its
investigation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
BANKERS OF BAL TIMORE
LEAVE FOR CONVENTION
Special Dispat ch to The Star.

Special Dispatch to The Star.
BALTIMORE, May "a group of
Baltimore bankers left here last night
aboard a special train out of New York
to attend the annual Spring meeting
of the board of governors of the In
vestment Bankers Association of Amer
lea, which is to be held at White Sui
phur Springs May 10 to IA.
Among the local group were G. Pre-
vost Boyce of Stein Bros. g. Boyce, Will
liam G. Dancy, vice president of the
Union Trust Co.: william G. Baker
of Baker Watts 81 Co. c. T. Williams
of c. T. Williams e. Co., ]. A. w.
Iglehart of j. A. w. Iglehart b Co.,
and John p. Baer Of John P. Baer
& Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
CHICAGO DAIRY MARKET.

CHICAGO, May . (P1.-Butter: Re-
ceipts, 15,2O5 tubs; easier; creamery ex-
traS t92 scoreD. 2lh4: standards 900
score). car lots. IA; extra frsts (SO-sI
score. 2Oa4A2l; firsts 1888 seore), 20a
2OA; seconds (86.s7 score), 1Sa19.
Eggs Receipts, 20, S96 cases; firm ex-
ira fiTsts, 1714; fresh graded f1rsts, 1871 !;
current receipts, l434a15L4; storage
1871.
Poultry: Receipts. alive. trucks;
steady; fowls. l7al8: broilers. 32a37:
ROSTERS, 13t2; turkeys. 2Oa23; old
ducks, Is. heavy Spring ducks. 20;
Gsses . r.,-r-------.-.-----,-----,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
BUSINESS UPSWING
IN FALL FORECAST
Better Conditions Now Being Pre-
dicted in Third Quarter by
Boston Economists.
Special Dispatch to The star.

BOSTON, May 9.-The level Of gen.
eral business, as registered by the Unit
ed Business Thermometer, Is practically
unchanged for three weeks in success
sion. Business this week Is 23.4 per
cent below normal, the same as two
weeks ago, and only fractionally differ
ent from last weeks hgure-23.6 per
cent.
The continuation Of automobile pro-
duction at the April level OF activity.
the slightly improved employment con-
ditions, and the favorable upward
trend of electric power output are con-
sidered by the United Business Service
as current encouraging factors in bust
ness. The further decline in wholesale
prices Is discoV-aging. and the drop In
the demand for commercial loans Is
confirmation of the belief that no
abrupt expansion in business Is likely.
Pronounced change in general bust
ness is not expected during the bal
ance of this quarter, but an upward
movement is forecast for the third
quarter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09


Capital Traction $500 at 30K.
District National Bank--10 at 202.
Federal-American National Bank Il
Trust-10 at SO. 10 at so, 10 at so, 10
at so, 10 at so, 10 at so.
Washington Loan Sc Trust Co.-10 at
400, 10 at 400, S at AIS.
Peoples Drug Stores pfd.-5 at 101, 5
at 101.
AFTER CALL.
Washington Rwy. & Elec. pfd.-50 at
98as, 20 at 983s.
Capital Traction 5s-S1 900 at 81.
Potomac Electric Cons. 5s-$l 900 at
104
Washington Gas IS "A"--$200 at 1924.
Washington Gas SIS "B'-$200 at 10434.
National Metropolitan Bank at 275.
Washington Rwy. 81 Elec. 4s-S3,000 at
893a, $1,000 at 3934.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
CHICAGO POTATO MARKET.

CHICAGO, May Q R.-Potatoes !:
Receipts, AZ cars; on track, 1859; total
United States shipments, 1901; old
stock firm: trading fair: sacked, per
hundredweight, Wisconsin round whites,
l.35a1 As; Idaho RuSSets No. /. 160a
1.65. few ITO; commercials. 1.45al so;
new stock weak; trading slow: Texas
sacked Bliss TriumphS, 250a2.65. few
shade. highsN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
Markets at a Glance

NEW YORK, May lR.@Stocks
weak; J. I. Case lowest since 1926.
Bonds strong; rails advance. Curb
irregular; utilities sag. Foreign ex-
changes steady; French franc firm.
Cotton steady; weakened covering.
Sugar higher; trade buying. Coffee
higher; firm Brazilian markets.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
TREASURY STATEMENT.

The United States Treasury balance
announced today as of close Of business
May z was 4e,64e, 49e.25. Customs
receipts for the month to date were
$7.394, 971 SO. Total ordinary expendi-
lures, $13,263, 41O.22.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
CHICAGO STOCK MARKET

CHICAGO, May 9-Following is the
complete official list of transactions in
stocks on the Chicago Stock Exchange
TODAY:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09

Egypt is seeking ways for disposal Of
fha large government holdings OF cot
ton, purchased at prices much higher
than the present market cuctaponAs =
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09

Dividend above table the annual
half yearly declara
lions.
shares tPsrty extra. tPus
REGULAR rs IN stock
stock Plus
Plus az stock Plus soc In special preferrsd stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
BALTIMORE STOCKS.
Special Dispatch 10 The Star.
BALTIMORE. May g.

Special Dispatch TO The Star.
BALTIMORE, May g.
Sales STOCKS. last sale.
500 Baltimore Trust Co............. 10
% Black & Decker CON. ..,...ssss ~
% Commercial Credit pfd. ..ss...ss xala
Is Maryland Trust Co.-....,,...ASs "
10 New Amsterdam Gas Oo...sssss S1.s
loo Union Trust Co. "
IS q Fidelity & GHaTanty...s.ss GS4
BONDS.
1000 United Rwy & Elec LIST 4s....... 44la
Six hundred salmon were caught In
one day recently in the River Dee near
Aberdeen, Scotland making q record
catch Tar the Ncipttx
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
Unlisted Department.

CThese securities not listed under exchange
rules
ROND9
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09

1000 insult 6s 40... S4Ts 847s 81
1000 United Pub 8 6s 80 rs rs rs
Bond sales today, $4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
STOCKS.
PUBLIC UTILITY.
NATIONAL BANK.
TRUST COMPANY,

Amer Sec & Tr Co. 15) 325 $50
Continental Trust 90 .......... IFS 100
Natl. Saw. & TT. (l2t) ......, 42O 447
Prince Georges Bank 4 Trust. 90 30
Union Trust l8s) .........H 400 2IO
Wash. Loan & Trust DID,. AIS $50
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-09
Washington Stock Exchange

(CopyriRht, 1879
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
J0USTING TO BE REVIVED
AT HAYMARKET AUGUST IA
Many Riders Send in Entries for
Tournament Sponsored by
Bull Run Grange.
Special Dispatch to The star.

6pCC1al DlSpdtCtl 10 AIS 0tdt-
HAYMARKET, Va, August e.--The
ancient and honorable pastime Of
jousting will be revived In Prince VII
liam August II, when Bull Run
Grange, sponsoring q field day, win in
clude in the program this once popular
event
Following close on the heels Of the
announcement, many Of the best horse
men IN the county sent in their entries
for this colorful sport In which expert
riding, keen eye and steady hand are
the requisites. The fitting contest Is
the old custom Of selecting and crown
ing the queen Of love and beauty, popu-
lar In the days when knights were bold,
but later refined from mortal combat
to the fitting at rings, and was made
popular in Virginia by the Cavaliers
The tournament will be held on the
Peters field, Haymarket.
During the morning base ball game
will be played, a horseshoe pitching
contest will begin, and foot races at
distances up to $50 yards win be run.
Mrs. Role Robertson, secretary of Bull
Run Grange, chairman of the commit
tee having the field day In charge, an
nounced today that the charge to the
knights and the coronation address win
be made by prominent speakers Of the
Old Dominion.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
CONTRACTOR SUES
AFTER LOSING BID
TaneytoWn Road Builder
Says His Estimate Lower
Than Winners.
epeclal nIspa.eh . nae star.

Special dispatch to The star.
MOUNT AIRY, Nd. August S.--For
the second time within the past month
major rcad-buildtng controversy has
been brought before the Carroll Coun-
ty court for settlement. The latter Of
there road disputes has Just been made
public through q petition filed by John
8. Teeter, road contractor of near
Taneytown, In the court at West
minister against the Board of County
Commissioners of Carroll County and
Thomas, Bennett g. Hunter and T. Z.
Russell, contractors Of Westminster
and Frederick, respectively which con-
tends that Teeter was the lowest Did
der for the construction of two pro-
posed roads.
The petition alleges that July % the
Board Of Commissioners Of Carroll
County awarded the contract 70
Thomas, Bennett & Hunter for the
construction of about two miles OF
roadbed near Westminster at a cost
Of $4,000, and on the same day award
ed to r. E. Russell the contract to
construct about one mile Of road south
Of Westminster at cost OF $3.50;
that the requests for bids were made
OF those two contractors, Of g. z. Valen-
=
and of the petitioner.
1000 Bid Cited.
IL Is further stated in the petition
that Teeter submitted one bid Of $2l,-
600 for the entire work. whereas the
other contractors bid on each Of the
two pieces of road work separately,
and that the requests for bids were
not advertised In the papers, but were
IN the nature Of invitations given
orally and not in writing to the several
contractors. Each of the bidders
agreed to construct the roadbsd &C
cording to specifications.
The problem involved by the petition
will present the question of the right
OF the Board of County Commissioners
to reject the lowest bid of $21 900 for
the construction Of the two pieces OF
road and award the contract to two
separate contractors whose total bids
exceed by $40 the bid Of John s. Teeter.
Follows Complaint.
Filing of this petition followed close
iy the filing of bill of complaint by
landowners and taxpayers Of Upper
Carroll County In the Circuit Court In
an effort to restrain the State Roaos
Commission from building road
known as the "Shriver road" The bill
Of complaint, heard before Judge WI,
liam II. Forsytte, IT., declared that the
route over which the State proposes
TO build the new road is not the route
desired by the majority Of people, nor
Is it favored by the county commits
sioners. Attorneys for the State con-
tended at the hearing that the bill
Of complaint was illegal and that mas
much as the money to be used on the
project Is derived solely from Federal
and State funds the State has right
10 build the road where its best
Judgment dictates. Judge Forsythe
has reserved his decision In the matter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
WILL FAvORS BROTHER,
MAN STARTS CONTEST
Disposition of D. H. Anderson Es-
tate to Be Decided by Court
at Winchester.
spec,al DISPATCH to The Star.

Special Dispatch to The Star
WINCHESTER, Va, August g.
Disposition CT valuable estete left by
Daniel H. Anderson, o pioneer leather
glove manufacturer and Confederate
veteran, hinges on the outcome Of q
suit Joined in Corporation Court today
after Arthur Anderson, Charlottesville,
a son, objected to the probating Of q
paper alleged to be the last viii Of his
father.
The paper offered for probate by the
only other son and heir Morgan Ander-
son, gave q much larger share Of the
estate to Morgan than to Arthur An
derson. The former lived at home
many years, while the latter has been q
resident Of Charlottesville for some years.
A jury is to determine whether tire late
Mr.. Anderson actually wrote and signed
the paper offered as his last will, and
If so, whether he was Of sound and
disposing mind.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
Face Another Election.

DANvILLE, Va, August Especially =
g. A. Hodges and w. c. Clark, candi.
dates for supervisor Of Caliands District
who received q tie vote in Tuesdays
primary, did not cast lots today al
Chatham to determine the winner
Awaiting themselves Of an old State law
instead, they decided to 90 before the
rather than trust their political fates to
fortune
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
Bridge Set.
IA Pcs, 81
7.Pc.
Utility Set
81

2 large-size COW
cred dish . 9,
measuring cup
and large batter
bowl.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
DELEGATES SELECTED

8pcclAI O18pabCh 70 1ue CssI-
COLLEGE PARK, Md, August a.
ing. and Paul e. Nystrom. extension
economist, farm management ofiicia.
Of the University Of Maryland extension
service, have been commissioned by Gov
Albert @. Ritchie to represent the State
Of Maryland at the annual meeting Of
the American Country Life Association
The meeting viii be held this year
ct Cornell University, Ithaca, N. Y.
from August II TO 20
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
WoULD-BE THIEVES FAIL
Attempt Made to Open Door tc
Laundry In Alexandria.

special Dispatch to The Star.
ALEXANDRIA, Va, August ga
report that the Banner Laundry, eol
Oronoco street, was the scene OF an at
tempted robbery last night Was investi-
gated by -olice this morning.
Thieves hsd attempted to force open
the rear door leading to the boiler room
of the laundry, investigation showed
Apparently the would-be robbers were
frightened away before they could force
an entrance into the laundry. Nothing
was reported missing by Mrs. O. n
Hullings, rroprietress Of the laundry.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
Electric Fans
$3.40 up
to $3.50

Keep the air
moving In your
home or once
with an elec-
tric fan. YouH
eel better.
Guaranteed for
one year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
14.Pc.
Bridge Set

Black glass. at
I r etiyely
shaped; 4 each
Of cups, saucers,
plates; sug ar
and creamer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
Keep Your Porch Cool With
Capitol Grade Wood Stat
Porch Shades

Don't let your porch become heat-soaked Pro
teet il from the suns rays with porch shades
neat. attractive and durable. Green brown or tive
toned green and brown. s # s ms long, including
all fixtures.
The Waterbury Democrat., 1931-05-13

The incest affair ever conducted by the organization was the con- census among the officers, members and friends of the Unico club as- sembled at the Hotel Waterbury last night for the eighth anniversary celebration. City officials headed by Mayor Frank Hayes, local promi- nent citizens and representatives from other parts of the state were included among the guests of honor. Close to. 250 were in attendance.
 The club enlarged its program at last nights affair to include a pleas ing entertainment. Attorney Ed ward Mascolo, chairman of the en- tertainment committee was master of ceremonies. The affair was held in the ballroom of the hotel. The ballroom was attractively deco rated with large American and Italian flags and bunting. Lighted candles at each of the specially ar ranged tables presented a pretty picture.
 Besides Mayor Hayes the guests of honor were Judge John F. Mo- Grath, Assistant City Court Prose- cutor Mitchell Meyers. United States Commissioner Harry Krasow, Health Officer Dr E. J. Godfrey, Lieutenant Colonel William j.. Shanahan, Major J. ". Carroll. Miss Helen M. Hurley. assistant secretary of the Chamber of Com merce, and others from Torrins-