davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09
RASKOB PUTS DEBT
UP TO MINUTE MEN
Democratic Committee Given
Plan of Organizing Ma
tionaI Campaign.
BY the Associated Press.

BY the Associated Press.
The twin functions of aiding the
formulation of policies and eliminating
debts from the party's ledger have
been assigned by Chairman Raskob to
the Democratic Minute Men"
Believing the party entered the 1928
campaign "unarmed," because of lack
of organization, Raskob plans that it
shall mot occur again" The Nation
wide organization of Minute Men"
as the answer is described by MIN IN
a letter to all members of the National
Committee.
They will be selected Immediately by
a board of councillors from among
5000 men and women whose names
have been suggested by Democratic
members of Congress, Governors, ma
tional committeeman and other party
leaders. The three last presidential
nominees of the party head the coun-
cilors.
$4,000 Pledges Planned.
Each Minute Man" will be asked
to pledge his best effort to give or
GET $4,000 toward the $l,500,000
victory fund" being sought to meet
preconvention needs and start the
presidential campaign.
Their objective is described by Jouett
Ehouse. executive chairman, as follows:
ITO keep the National Committee in
close touch with local political trends
of a national significance: on the basis
of these trends to counsel and aid the
party in the formulation OF national
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09

policies, and in the remedying of I'M
favorable local conditions where exist
ing, and to stand ready to assist the
National Committee TO maintain and
develop a virile and financially strong
national organization"
In his letter Raskob says an 'aggres-
sive, fighting" national organization has
kept 1.-The Republican party continually
on the defensive during the whole of
the present administration"
Membership, he adds, is to be limited
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09

to those "who believe this country
should have restored to 1t the liberty,
freedom and happiness which are the
doctrines of the Democratic party. He
urges support of the State governments
lin all their rights, as the most compe-
tent administrations ror our domestic
concerns"
Regular councillors of the Minute
Men" are to be elected at a convention
here on Thomas Jefferson's birthday,
April Is
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
CHAIN STORE SALES
DROP 4.35 PER CENT
But April Figures Surpass Those
for 81 Companies During
March.

According to a compilation issued by
Merrill, Lynch & Co., 81 chain store
companies, including mail order con-
Germs, show total sales for the first four
months of 1891 of $1.228, 169, 642, against
$1,284,067, sos in the corresponding pc
Rod of 1880, a decrease of 4.35 per cent.
The mail order companies alone
show sales for the first four months of
1881 of $3.50, 384.554, against $203 1885,
Alb in the first four months of $780, a
decrease of 11.28 per cent. Excluding
the mail order concerns, AZ companies
show sales for the four months of 1881
of 81 ,04T, 785 ,088, against sales of Sl,080,-
731 1872 in the same period of 1880, a
decrease of 3.04 per cent.
Results for April, 1881, as reported by
81 chain tore companies, including
mail order concerns, show total sales of
$334 098,443, against $345. 153, 1895 in
April, 1880. a decrease of 800 per cent.
The mail order concerns alone show
sales for April of $52,580,477, against
$50 1853, 401 in April. 1880, a decrease of
9.74 per cent. Excluding the mail order
concerns, 48 chains show sales for April,
1881. of 1921, SIT, 966, against $3.50. $685.
934 in April, 1880, a decrease of 1.87 per
cent.
While the sales for April, 1881, show
a decrease over those for the correspond
ing month in 1890, sales for the same
81 companies were reported at 1884,
098 443 for April, 1881, against sales
of $500, 884,810 for March, 1881, an in
crease of 1856 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18

by the American Petroleum Institute
to be 6,400 barrels under the preceding
week, the first reduction in daily aver
age output in several weeks After the
efforts made to effect some restriction
in oil production, this lower average is
indication of progress. Particularly for
East Texas, where much of the diff
Guilty in making proration schedules eff
fectlYe had been encountered, a large
cut on daily output for the week to
May 8 was most welcome news.
Freight car loadings for the week
ended May 2 gained 1903 cars over
the week before, fact less encouraging
than it appears to be at first when it is
| understood that the normal increase
! for this week OF the year would be
! slightly greater.
/ Favorable statistical reports for lint
cotton for April slowed stocks reduced
/ and consumption increased. The fact
| of an increase in consumption is not
| unexpected at this season, but the
1 stronger statistical report due to lower
stocks in definitely encouraging Cotton
/ cloth in April shows slightly less ia
/ yorable results. Stocks gained 3 per
cent during the month.
| Refined copper stocks in North and
! South American ref1neries on May
/ were over stocks on April !, a develop
ment not unexpected and accounting
| in some part for the price weakness in
evidence during the past two weeks.
Electricity output by public utilities
of the country in the week ended May
9, a figure always watched with interest
was "a per cent under the same week
| of 1880. but was an improvement over
| the preceding week, which was off
per cent. Improved comparisons with
| 1880 in this field cannot be unexpected
now. since at this time last year the
trend downward from levels heretofore
prevailing was becoming increasingly
| marked, whereas the present trend APP
pears to be more level.
Allen Industries passes quarterly pre-
ferred dividend; paid rs cents March /
Community Power g. Light 1880 first
preferred share earnings $15.15 against
1 $1e.14.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
BANKERS OF MARYLAND
PUT OFF INTEREST CUT

Special Dispatch to The Star.
BALTIMORE, May 18-Members Of
group of the state Bankers Associa-
ton, at their annual banquet last week
in Chestertown postponed action on
the proposal to reduce interest rates
on savings deposits and inaugurate
a service charge on small checking ac-
counts until the meeting of the Mary
land State Bankers Association at At
lantic City tomorrow.
Matthias F. Reese, manager OF the
Baltimore Clearing House, the principal
speaker, advocated the creation of
uniform rate of interest to be paid on
deposits throughout the State, together
with the establishment of a system of
exchange of loan information
Among other suggestions for the
creation of sound banking practices
named by Mrs. Reese are the need Of a
uniform system by the State banks in
computing interest and a fixed charge
for handling overdue paper.
Dudley G.. Roe of Sudlersvil1e, was
elected president of the group; p. K.
Wright of Easton was named vice pres
ident, and w. Robert Huey of Chester
town, secretary
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
Washington Produce

Butter-One-pound prints. 90; tub, %.
Eggs - Hennery, 17a18; current re-
ceipts, 16a17
Poultry, alive-Turkeys, hens, 24a25;
toms, 20a22; Spring proilers, 36a38;
Ireghorns, broilers, 2Sa33; hens, 22a23;
Leghorns, Is; ROSTERS, 12al4; ducks.
Is; keats, young. 75a80; old, 40. Dressed
Leghorns, I8; ROSTERS, l6; keats, young,
70aS0 old. so.
Maats-Beef, 12a131a: veal. 12a14;
lamb. 20s22; pork loins, 10; fresh hams,
49, fresh shoulders, IA; smoked hams,
20; smoked shoulders, 1871 strip bacon,
%; lard, in packages, II; in bulk. IL.
Fruits Cantaloupes. California,
jumbos, $780, standards, 500; ponys,
400; strawberries, 250a4 90; pineap-
pies 350a4.00; apples, box stock, ESQ
a2.75; bushel baskets, 250a2.75; oranges,
California, 3.50a400; Florida, 3.50a425;
lemons. $50; bananas, 1.00a2.50: pears,
per 100, 800; honeydews, 3.00a3.5O;
cherries, 2.25a8 so; bananas, 1.75a2 %.
egetables-Potatoes, new, per barrel,
4.00a450; old, 120-pound sacks, 2.6Oa
2.75; Idaho bakers, 1oo-pound sacks,
$50; sweets, l75a2!00; cabbage, 75a
LOO; peas, 1.50a1.75; string beans. loo
800: beets, per crate, 800; carrots, per
crate, So 90; kale, 40a50; spinach, 4Oa50;
turnip salad, Is; Spring onions, per 100
punches, 200; radishes, per 100 punches,
100: parsley, $50; lettuce, Iceberg, 800
a3.50; asparagus, per dozen punches,
100a3.00: peppers, 250a4.50 caulif1ower,
2.50a3.00; Sumner squash, 2.50a3.00;
tomatoes, Florida, 3-pan containers,
1.50a300; Mexican, Tugs, 4!00a450.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18

cept Monday, when each group showed
gain for the day.
Further reduction in the bill buying
rate OF the New York Federal Reserve
Bank to l per cent for maturities up to
Is days added force TO last weeks cut
IN the rediscount rate Of this and other
Federal Reserve banks and impaired
strength to Government securities, par
ticularly to ire Liberty fourth 4l5s. An
Offering OF $50 ,0G0,000 New York City
four-year IS was received favorabiy and
few high-gradc railroad bonds sold
at their highs. Otherwise the bond
market reflected some of the weakness
Of the stock market The actual loss of
ground by bonds was small however
the standard index for 80 issues de-
! Ginning only O.3 points to 95l on May
IS.
AS another result Of the severe re-
auction OF rates by the New York Fed
eral Reserve Bank call money opaned
on Monday at per cent, the lowest In
many years, and remained at that level
/ through Tuesday. Thereafter with
draWais OF funds caused a rise to ~
per cent for the remainder of the week
Steel mill activity during the week
/ before last, reports on which were re-
! ceiEed Wednesday, showed further evil
/ dence OF leveling of after a decline OF
over seven weeks. Steadier demand
from the automobile producers. who
have maintained operations at unex-
pectedly high levels, and also pipe line
orders. caused mill operations TO be
maintained for the week at AZ per cent
OF capacity, unchanged from the week
before. Tin plate production. which
has continued at rate above the rest
OF the steel industry, is apparently fall
ing off somewhat.
Building permits awarded during
| April in the United States ACCORDING
| to r. @. Dun, exceeded the value al
those awarded in March by 10 per cent
continuing q four-month advance
Compared With April, 1880, these per.
mits show 9 drop of 4.8 per cent. a
comparison less unfayorable than thai
| shown by any other important actiyit1
except retail trade
Daily average crude oil output fol
! the week ended May 9 was estimate
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS
BY the Associated Press.

BY the Associated PresS.
NEW YORK, May 13.-The following
Is summary Of important corporation
news prepared by the Standard Sta
tistics Corporation, Inc, New York, for
the Associated Press:
Weekly News Review.
The resistance TO selling following the
cut in the New York bank rate TO Y
per cent, which was considered the
most encouraging feature of the stock
market cf two weeks ago, was again
in eVid nee on Monday Of the week just
past. But OF each succeeding day con-
tinuad selling pressure, concentrated
particularly on leading issues, forced
the ge7.crsl list 10 lower ground. Weak
ness In railroad issues, which have re-
Gently been reliable Indicators OF gen.
eral market trend. was particularly in
tsresting The weeks downward move
ment of This group gathered momentum
after the report by New York Central
of a quarterly deficit, and thereafter
continued in reflection of unfayorable
traffic reports and pessimism over the
dividend outlook of certain roads. The
only market strength of Importance was
shown by few retail trade stocks,
espg cially by Woolworth.
The weeks net decline, as measured
by the Standard price-index for 80
stocks, was rs points TO HAT on May
is, from 1928 on May 8. Although
the most notable individual losses oc-
CURED among the rails, all three groups
participated fairly equally. Industrials
fell SO points to ll0.l on May Is, util-
! tiles declined 10 points to l649 and
rails 81 points TO n. a new low for
this year. Losses by each group were
recorded on each day Of the week ex-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
BROKERS FORESEE
FURTHER SELLING
AdviceS to Customers Today
Indicate Expectation
of More Lows.
BY the Associated Press.

BY the Associated Press.
NEW YORK, May 1S.-Brokerage
house advices to customers today were
inclined to look for further selling, since
United States Steel and American Can
have been hammered so close to par
it is expected that bears will follow
UP that advantage. Comments follow:
Smith, Graham g. Rockwell-Prob-
abilities favor continuation of the down
trend.
Babcock. Rushton & Co.-Naturally
the wise procedure Is to stay away from
tho market until such time as the
rally makes its appearance, which time
it would seem was not far off.
Hornblower g. Weeks-We believe the
fact that the steel operating capa-
city dropped ! per cent in the course
Of the week in the Youngstown district
and the fact that United States Steel
and American Can are so close to 500
share, indicate the market is bound
TO be faced with further testing.
Redmond g. Co.--Although a techni-
cal rally in prices is likely early this
week, the stock market does not yet
show any clear-cut indications of hav-
ing touched bottom, and the chances
are against any prolonged rally at this
time. One thing is reasonably certain.
however. and that Is that no matter
how bad business will turn out to be-,
prices Of many stocks will be carried
too low just as they were carried too
high in 1929 However, we do not
place much faith in the theory that
things can get no worse and that they
will get better soon. The bottom of
the valley is likely to be much wider
than many believe, and we therefore
continue to urge extreme caution in
the making Of new commitments.
Shields & Goa very dull and diff
cult trading market is to be expected
fer the immediate future. The courage
of professionals who tried to force a
juggling market is not as strong as it
was and the chances of attracting a
following to such operations were les
sened by the collapse of last week. The
best to be hoped is that the market
gradually will drift into a very narrow
affair where real accumulation can be
looked for.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
CURB HALTS DROP
AF TER WEAK START
Many Pivotal Securities
Break Below Previous
Low for Year.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, May 18.-Opening weak,
today's curb exhange session slowed its
pace after the first half hour and
slackened its downward drift at the
= same time.
Pivotal securities, such as Electric
Bond & Share, National Investors,
Standard Oil of Indiana, Pennroad
Corporation, Aluminium Co. of America,
A. o. Smith Corporation, Gulf Oil
Corporation and st. Regis Paper broke
below previous 1881 record low prices.
The action of a number of these
leading shares unsettled the rest of the
list in the forenoon. Petroleum, Public
Utilities, Rails, Food and Mine Shares,
in order named, softened. Then pipe
lines, holding companies and investment
trusts weakened.
Pennroad Corporation was the first
rail to establish new low figure. Pitts
burg & Lake Erie on its opening trans
action was down "a, but more than a
point above its low. Newberry Co., first
of the chains to appear, opened up IA,
of the list On the other hand the
initial trade in the amusement group,
National Screen Service, down rs,
proved prophetic for the rest of the
division in the forenoon.
Humble Oil In the Standard group
and Gulf OIL in the miscellaneous divi-
sion were the first petroleum shares to
drop to new record low quotations for
the year. They were followed by Indiana
Pipe Line. Just at the noon hour $500
shares of Standard Oil of Indiana APP
peared at PASS, the record minimum
figure.
, Great Atlantic & Pacific Tea sent
the food shares of to a good start by
opening up three points, but within a
few trades thereafter Daniel Reeves APP
peared at 231a, its 1891 low, off 312.
Swift g. Co. then eased to its former
bottom quotation.
Cities Service, heavy all morning, did
not break its previous 1881 low of 1871
until 1920 pm, when it came out Is %
Thereafter some of its subsidiaries, such
as Arkansas Natural Gas, dropped.
Farm implement shares at midday
began to appear on the tape with
greater frequency, Deere moving lower
as Cleveland Tractor turned upward.
A. o. Smith and few other pipe max
ers were licked out occasionally at
lowered quotations.
Stutz Motor and Ford Ltd. were the
most active motors The latter was
somewhat firmer on the strength OF
Ford Motor of Frances dividend decla-
ration of las francs. Cord Corpora
ton was dull and weak.
(Copyright. 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
Manufacturing Activity Index.
Baltimore Markets
Special Dispatch to The Star.

Special Dispatch TO The Star.
BALTIMORE, Md, May 18.-Potatoes,
white, 100 pounds, 1.25a1 IS; new pota-
toes, barrel, 2.50a4.00; sweet potatoes,
barrel, 2.00a4.50; yams, barrel, 3.50a
4.50; beans, bushel, 1.25a2. rs; asparagus,
per dozen, 1.50a3.00; beets, crate, LISA
2.25; cabbage bushel, 60a1.10; carrots,
bushel, 60a75; cauliflower, crate, 2.25a
$50; celery. crate, 1.50a3.50; eggplants,
crate, 2.00a5.00; kale, bushel. 10a30:
lettuce, hamper, scars: lima beans, $50
onions, per 100, 5oa1 90: spinach, bushel,
l212a30; rhubarb, per 100. 2.00a4.00;
tomatoes, crate, l.00a3.50; apples,
bushel, 75a2.50; per box, 175a2.5 so;
grapefruit, box, 1.50a3.00; oranges,
box, 2.50a4.25; strawberries, quart, 8a20.
Dairy Market.
Poultry, alive Chickens, young, asa
SO; old hens, 21a23: Leghorns, 1Ta18;
fowl, each, scars; pigeons, pair, 30a35.
Eggs-Receipts, 2,119 cases; nearby.
flrsts, dozen, II; current receipts, 1914.
Butter-Good to fancy, creamery,
pound, 2312a26; ladies. 19a20: rolls, 16a
II; process, 21a22;. store packed. IA.
Hay and Grain.
Wheat-No. 2 red Winter. export,
85; No. 2 red Winter, garlicky, spot,
85: May. 85.
cornSNo. domestic. yellow, 72a7s;
cob, 3.75a4.00.
oats-white. No. 2. ssasslz; No. .,
37a371a.
Rye-Nearby 50a55.
Hay-Receipts, 10 tons. While receipts
of hay are ample for all requirements,
there is no surplus of heavy clover
mixed being offered Such grades win
bring premium of 81 to So per ton,
depending on the amount of clover. Fair
to coed timothy ranges from $24 to $26
per ton.
straw-wheat straw. No. /, per ton,
12.00a13.00. Dat straw, No. /, per ton,
12.00a13.00.
Live Stock Market.
Cattle-Receipts, 800 head; light sup
ply market very dull.
Steers-Choice to prime, none; good
to choice, 8.00a8.50: medium to good,
7.00a7.50; fair to medium, 6.25a7 90;
plain to fair, 5.50a6.00; common to
plain, 5.00a5.50.
Bulls-Good to prime. none: good to
choice, none; medium to good, 5.00a
$50; fair to medium, 4.5oa60O; plain
to fair, 4.00a4.50; common to plain,
35Oa4.0O.
Cows-Choice to prime, none: good
to choice, 5.00a5.50; medium to good,
450a5 90; fair to medium. 350a4.50;
plain to fair, 3.00a3.5O; common to
plain, 2.o0a300.
Heifers-Choice to prime, none; good
TO choice, none; medium to good, Elsa
TBS: fair to medium, 600a6.75; plain
to fair, 525a6.50; common to plain,
4.5oa5.25.
Fresh cows and Springers, 3000a70.00.
Sheep and lambs-Receipts, 1900
head; good supply; market higher;
sheep, 1.50a3.50; Spring lambs, 8.00a
1925.
Hogs-Recepits, 1,700 head; light sup
ply, market lower; light, 7.60a7.85;
heavies, 6.75a7 10; medium, 7.60a7.85;
roughs, 4.75a6o0; light pigs, 7.50a770:
pigs, 7.60a7.85.
Receipts, 400 head; light sup
ply, market steady; calves, 4.00a8.5O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
COUNTIES OF MARYLAND
PLAN NEW BOND ISSUES

Special Dispatch to The Star.
BALTIMORE, May 18.-The market
for municipals continues strong in face
OF weakness in other securities and de-
mand for high-grade issues is excellent,
local brokers report.
number of local issues are scheduled
for sale. These include $4,000 OF
Frederick County bonds bearing 4 per
cent, AZ per cent and Az per cent
scheduled for sale next Saturday.
On May &c Montgomery County will
offer to the highest bidder $243,000
bonds bearing Az per cent interest and
will follow this up on June 8 with an
offering of 100000 bonds bearing the
same interest rate. Wicomico County
will market 100000 AIS on June 2.
The largest local issue on the hori-
zon, however, is $1,000,000 State of
Maryland bonds bearing Az per cent
interest, for which bids have been
asked on June 10.
Public borrowing in its present high
volume promises to continue for some
time due to the strength of the market
and the handsome prices commanded
by issues making their appearance.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
Merchandise Demand Good.

NEW YORK. May IL lP).-p~raand
for all types of cotton goods, irC-zding
women'S and mems apparel. domestics
and piece goods, was the outstanding
feature of the New York wholesale mar
kets during the week. occasioned by the
announcement Of Nationwide pro-
motion of cotton for the first week In
June. In the general market, reor-
dering of Summer lines of merchandise
was reduced, due to the Indictment
weather In numerous sections Of the
country. Last-minute orders for pro.
motions formed . considerable portion
Of commttmentA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
CHICAGO DAIRY MARKET.

CHICAGO, May 10 tR.-Butter-
Receipts, 1913 tubs; easy. creamery
extras (92 score). 22A: standards CO.
score car lott 22l extra firsts (90-9l
score). 2ll2a2l%; firsts 1889 score),
20ha2l; seconds (86-87 score), l8a
1912.
Eggs Receipts, 1881 cases; steady;
extra ffrsts, 1914; fresh graded firsts,
17A; current receipts, 15al6; storage
packed firsts, 1917 storage packed ex-
tras, 1914.
Poultry, alive-Hens firm, balance
steady; two cars, six trucks: fowls, ia
81 broilers, 28a3l; ROSTERS, IL; tur-
keys, 2oa23; old ducks. 10; heavy Spring
ducks, 10; geese. Q.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
New York Cotton

NEW YORK. May 10 P).-A further
decline in cotton today was attributed
to continuation Of the recent selling
movement inspired by better weather in
the South, weakness in the stock market
and relatively east Liverpool cables.
Prices for all positions made new low
records for the season, with July con-
tracts selling off to els. or about Sl,50
per bale below Saturdays closing quo
tations and nearly cent pound below
the high price reached on the rally
earlier in the month. The decline
brought in some covering and trade
buying. which steadied the mid-after-
noon market when prices showed rail-
lies of or 9 points from the lowest,
with july selling at 926.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
Markets at a Glance

NEW YORK, May 10 LP.-Stocks
weak; pivotal shares drop to points
Bonds heavy; stock privilege issues
break sharply. Curb heavy; many lead
ers touched new lows. Foreign ex-
changes firm; sterling continues gain.
Cotton lower; weak Wall Street and
Southern selling. Sugar higher firmer
spot market. Coffee steady; steadier
Brazilian markets.
CHICAGO,-Wheat easy: larger re-
ceipts and good rains Northwest. Corn
easy; favorable weather Southwest.
Cattle weak to lower. Hogs lower.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-18
Made Reserve Director.

BALTIMORE, May IS (Special) -
Morton M Prentis, president of the
First National Bank of Baltimore, has
been elected a director of the Federal
Reserve Bank of Richmond Mr.. Prem
It's fills the vacancy caused by the
death of Henry B. Wilcox, who was a
vice president of the First National
Bank. Mr.. Prentis was for several years
managing director of the Baltimore
Branch of the Richmond Federal Re-
serve Bank.