davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
QUICK MARKETING OF TREASURY
CERTIFICATES WAS EXPECTED
Government Loans Continue to Hold the
Highest Place in Rating of Banking
Interests of Country.

than usual for the new long-term Gov
eminent 3 per cent bonds, in spite of
the fact that the yield on this issue
is less than the average paid on time
deposits.
1t is the feeling in investment cir
Giles that the 3 per cent rate at which
the Government proposes to borrow will
represent the minimum on long-term
issues during this period of cheap
money. For a year and half most
Of the Government financing was in the
form of short-term obligations. There
has been considerable questioning of
the policy of putting out issues of this
character when the average rate for
money was so low and the eagerness
in every quarter to buy the highest
grade paper obtainable was SO great.
1t is rather significant, too, that in the
present instance $500, 900 900 of long
maturity is being offered, as against
$300000,000 Of a one-year certificate of
Indebtedness, which suggests that the
institutional policy of establishing sec
ondary reserves principally in short
term obligations may have lost its popu-
larity.
Aid to Market.
Obviously the effect of an offering Of
SGCuLlGlSo dt Vic IOWSot III
terest rate in many years is helpful to
the market for all high-grade securities,
including municipals and the best of
the public utilities and railroad bonds.
1t also contains the suggestion to bust
ness in general that this is the time to
borrow against future long-term require
ments on the same principle that COM
modities, merchandise and we'll estab-
lished securities should be bought when
they are quoted at prices below those
in a decade.
Another favorable feature of the
offering, which communicated itself TO
markets and helped to relieve some Of
the bearish sentiment in Wall Street,
is the proposed employment of a por-
ton of the new Government issue to
cover the Treasury deficit this fiscal
year and thereby remove the neces-
sity for an increase in the income tax.
This was especially gratifying to those
who face an advance in their income
taxes in New York State, where higher
rates have been advocated in order to
create funds to meet the unemployment
situation.
(ConvripbA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
HOTELS INCLUDED
IN big BUSINESS
BY CHAS. p. SHAEFFER,


Hotels in America now come under
the head Of big business" and involve
more than 81 900 100000 annually.
Statistics by the Commerce Depart
ment, based on individual reports for
1929 from hotels with Is or more guest
rooms, show total receipts Of $l,039,-
1853 900. OF which 1862 ,801 900 was ac-
counted for by hotels operating
throughout the entire year and S76,-
$50 900 by the resort or part-time type
The census does not include apart
ment houses, boarding houses, clubs
and similar establishments.
Reports were received from 1857
hotels, of which 1928 operated the
entire year, with the remainder oper-
ating from two to eight months. OF
the year-round type, 10,907 operated
on the European plan and 1924 on
the mixed. or on both American and
European plan OF the resort type, $40
operated on the European plan, 1887
on the American plan and 342 on the
mixed plan. Under the European plan
meals are charged for separately from
rooms. while under the American plan
meals are included in the daily charge
with rooms.
The statistics showed further that
4,94l of the reporting hostelrieS were
classed as transient, 1902 as permanent
and $685. as mixed.
The year-round hotels reported an
average of 1859 full-time employees,
who were paid s257,O34, 900 in the year
In salaries and wages. Resort hotel
salary and wage figures were decidedly
less.
OF the hotels, BOAT were owned by
and partnerships. OF resort types, only
SAL were owned by corporations, as
against l,708 by individuals CT partner
ships
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
IBONDS IRREGULAR
| IN QUIET MARKET
High-Grade List Is Still in
Demand, but Offerings
Are Few.
BY F. ii. RICHARDSON.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September Bonds
were irregular today The markets I'M
dertone was steady, but trading was in
such small volume as to neutralize price
movements as trend Indicator.
Selling of railroad issues continued,
but was in meager volume and virtually
offset by casual purchases. High-grade
bonds were in demand at firm prices.
but there were few offerings. Foreign
dollar issues moved uncertainty, also in
slow trading
The money market continued to ease.
Some shifting of funds has resulted
from the proposed $1100,000,000 of
Treasury financing, and the 90-day call
rate at ~ per cent was barely high
enough to attract offerings.
The domestic railroad list was indif-
ferent TO the official announcement of
the default of interest due today on the
Florida East Coast Railway SIS Of 1874.
The bonds, which dropped below Is to-
day, have been selling at prices indi-
cative Of doubt about interest payments
for two years and for at least year
have sold at prices commonly asso-
ciated with receivership
There are S45,000,000 of the SIS out
lldflIlB UceIl dL 30 III
1924 by j. P. Morgan & Co. There
are prior liens amounting to SIT. 800 900
The president of the road, William r.
Keenan,. jr.. in a statement today laid
the blame for the lines difficulties on
the collapse of the Florida real estate
boom, the Mediterranean fruit fly,
worldwide depression, paralleling of
the company's lines by the Seaboard Air
Line and competition of water trans
portation, buses and automobiles for
passengers and of trucks for freight.
There were many firm carrier bonds,
including Atchison general As. Norfolk
& Western As and others of the prime
group. Small gains were also made
by the following junior rail securities
Allegheny SIS. Chicago g. Northwestern
434s, Erie B As. Missouri-Pacific SIS
Northern Pacific 6s, Frisco 4l2s. South
ern Pacific AIS and Wabash AIS.
Losses occurred in Illinois 434s, Mis-
souri-Kansas-Texas adjustments. and
Delaware e. Hudson refunuing As
Oil company bonds were firm. Shell
Pipe Line SIS jumped 212 points. There
were small gains in Texas Corporation
SIS and Phillips Petroleum 5l4s. In the
amuSements, Warner Brothers Pictures
IS were active around their best price
on the recovery.
In the foreign list, German bonds
were again lower. the 5l2s dropping a
point and the Dawes Preparations rs
fractionally. British issues were firm.
Great Britain 5las sold repeatedly at
1852, seeming to have found a re-
sistance point at that price The Street
had it that British bonds, along with
sterling. were receiving banking sup
port. Australian issues were slightly
higher. BraZilians steadied little aft
er their heavy declines of Monday. Ar
gentine Is were fractionally lower.
Havana Electric Railway announced
that it had no funds with which to
pay interest due on its 5l2 per cent
debentures today. There are SIS 500 600
of them outstanding. They were is
sued at 90 in 1926 by Speyer & Co. and
are subject to prior liens of $6,400 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
RAILROAD WILL TRY
TO MAINTAIN PAY ROLLS

BY the Associated Press.
Gen. w. w. Atterbury, president Of
the Pennsylvania Railroad, declared his
carrier will continue Its support of
constructive measures to reduce unem-
ployment and restore prosperity" de-
spite heavy loss of traffic. The mes
sage accompanied the regular quarterly
dividend to stockholders.
las similar conditions have pre-
vented all roads from being able to earn
a reasonable net return" Atterbury said,
which Situation. if continued, might
impair their ability to provide an eff
cient and adequate transportation serv-
ice, all of the railroads Joined in an
application to the Interstate Commerce
Commission requesting an increase of
Is per cent in all freight rates and
charges.
The utmost practicable economy is
being exercised in every department OF
the company's activities. The COM
pany, nevertheless, continues its sup
port Of constructive measures to reduce
unemployment and restore prosperity.
through an extensive capital expendi-
ture program for electrification and
terminal improvement work. including
the n!ecing of large orders for electrical
equipment and facilities"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
TOBACCO CONVENTION
WILL ATTRACT MANY

Thirteen States will have representa-
tives at the Tobacco Tax Convention
to be held Wednesday at Des Molnes,
Iowa Those 10 States are the ones
which now impose sales tax on cigar
cites or other tobacco products.
The conventions have proved highly
profitable. tobacco tax administrators
say. What is now pressing problem
in one State may have long since been
solved in another, they point out. New
methods and new ideas are discussed
with the result that the tobacco tax,
unlike most other levies, is fairly uni
form throughout the country.
The first State tobacco taxes to go
into effect were those of South Dakota
and Iowa. The former became effec-
tive on July /, 1921: the latter on July
4 of the same year. In 1928, South
Carolina. Georgia and Utah passed
similar statutes. In 1925, North Da-
kota, Tennessee, Arkansas and Kansas
joined the list Alabama came in on
october l. 1927, and Mississippi on
June l, 1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
BY CHARLES F. sPEARE.

NEW YORK, September mo doubt
existed in the minds of Treasury off,
Gals ard of banking groups in New
York which always receive the largest
subscriptions to Government loans
that the issues of 100000, 900 of per
cent bonds maturing in 1855 and $780,
100000 IL months rs per cent certifl-
Gates of Indebtedness would be covered
by wide margin. Applications came
in steady stream at the Federal Re
serve Bank.
The distinctive feature of the long
term bond issue is that it bears the
lowest rate of interest of any Govern
ment obligation since before the war
In June the Treasury offered $500 .000.-
900 of bonds due in 1949 with a coupon
Of 3ls per cent This was shortly after
the rediscount rate of the Federal Re-
serve Bank in New York had been low
cred to IL per cent and there had been
a general cutting down on rates of in
terest paid by banks to their depositors
as well as to depository institutions
The June offering brought subscriptions
in excess of S6,000,000 5000. 1t quickly
sold at a premium of IL points over
par.
Money Rates.
While money rates in this country
have held around the minimum levels
of last June, there have been events in
Europe since the previous Treasury
loan that have led to general advance
in the rediscount rates of the central
banks and financial crises in Austria
Germany and in Great Britain such as
have not been witnessed in several gen.
erations At the same time there has
been an increase in the number of bank
failures in the United States.
The effect of these has been not
only to re-emphasize the superior credit
of United States Government issues, but
to increase the demand on the part OF
institutions whose corporation bonds
have suffered a heavy depreciation dur
ing the Summer for all United States
Treasury obligations. 1t is not too much
to say that many banks throughout the
country that have carried large per-
centaga of high-intereSt corporation and
foreign dollar bonds in their portfolios
for the last few years and only mod
crate ratio of Government issues will
be found subscribing on a larger scale
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
CRUDE OIL OUTPUT
DROPS DURING WEEK
By the Associated Press.

lHe ASSOGldiSC @LESSs
TULSA, Okla, September 1.-The
martial law shutdown of the big East
Texas field was accountable for most of
a 537,642-barrel reduction in the United
States daily average crude oil produc-
ton last week, the Oil and Gas Journal
reports, estimating the country's output
at 1.74o,953 barrels.
With East Texas off production, there
resulted drop Of 515.225 barrels, the
amount of that areas daily average out
put for the preceding week.
In Oklahoma, where flush pools also
are shut down, the production was
265,4l5 barrels, decline of 4,0l5 bar
rels. Kansas had an output Of 99,3l5
barrels, loss of 1890 barrels.
Midcontinent production was totaled
at 826, 271 barrels, the lowest in years
and 520l72 barrels under the preceding
weeks figure.
The Rocky Mountain area showed an
increase of $3.50 barrels with an output
of 92432 barrels. Eastern production
was unchanged at LOT 900 barrels: Cali
fornia production declined 1000 barrels
to 5O40o0 barrels.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
MONEY MARKET.

NEW YORK. September l (Pl.-Call
money held at 1la per cent, the renewal
rate. today. Money in the outside
market YVES quoted at / per cent.
Bankers acceptances were quiet, with
beth supply ana demand small. ASK
ing rats were unchanged. CONNER
cial paper was inactive ana unchanged
with business practically suspended by
preparations among bank for the
Forthcoming Treasury offering. Time
money was quiet and unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
CHICAGO DAIRY MARKET.

CHICAGO, September / [R.-But-
ter-Receipts, 9,979 tubs firmer. Cream.
ery-Specials (93 score), 281za29: ex.
tras (92 score), %: extra firsts 90-9l
se9re)' 2sa27 fiTsts 1888 seoreg 2ss
standards go score. centralized Cal
lots), 271a.
Eggs-Receipts, e,917 cases: unsettled
Extra firsts, 20; fresh graded firsts, -
current receipts, 15a17.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
Washington Stock Exchange

Cap Tract. SSH 900 at 3d..
Wash. Gas IS A-Sl,000 at lO3l2.
Cap. Traction Co.'S at 34l2.
Pot. Elec. Sc pfd.-4 at 1929.
Pot Elec. 5i2 % pfd-10 at 1907, 10
at 1905.
Mergenthaler Linotype-5 at II.
TWO 83LAV
Pot Elec. 5I2co pfd-5 at 11osa.
Wash. r. g. E. 4s-s1,00 at GAG, 81 900
at 94l4.
Wash Gas IS A-s4oo at 1925, 500
at 1925
Cap. Tract. 5s-Sl 900 ct 80.
Wash.sGas IS B-S200 at los.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
sHORT-TERM SECURITIES.
tPeportcd by J. & w sclign.an &. Co.,

Sd OUnr
disclaimers Co. SIS, 1921, iS5;;s los
American Chain Co. Gs 1889 .99!s 100
American Tel. & Tel. 5las 1915 IL liza
Amer Water Wks p FL. SIS 1884 i02 1C2is
Baltimore & Ohio AIS 1888. 961s 97ts
Selding Hemingway Co IS 1885 80 9912
pathlehem Steel Corp SIS 1896 1886 1924
Canadian Nor. Rwy. AIS 1895. l02 log
Chi. Northwestern r. F.. SIS 1888 -. 99ss
Chicago Rock Island is 1884 q 8712
Cleve., Lcr. & Wheeling SIS 1888 lG0 -.
Colorado & So. RWy. 4i2s 1925 95 96ta
Commercial Credit Co. 5l2s 1885 SSt4 1924
Delaware & Hudson Co. SIS 1885 lG2 los
Denver e. Rio CiranJe AIS 1886 S5l2 80
Gan. MOT. Accep. Corp. IS 1887 103la 1884,
General Petroleum Corp SIS 1910 1929 1903
General Public Service 5i2s 1889 ga 96l7
Grand Trunk of Canada IS 1885 1oTas ln7I2
Houst E 81 ~. r S. 1888 stpd. 100 1o2
Humo ie oil SIPS 1852 ........ 1927. 1925
Laclede Gas Light Co. IS 1884. 1922 103
Lou!5yilla & Nashville IS 1881. i05 go.
New York Cent. {: Fl Is 1924 90 90l4
New YorF Cal. :, s.. l.. Sc, J322 ga GO
o-tfwestern Tel. 4i2s 1894. :. .9T's $50.
Pa. r. Co. e. 135e ..,..... '"7i. i03
Portland General E,cc. IS 1895. 103 900.
ns3':hlic Iron < Sttel SIS 1850. 80. 81
G::iciair Crude OIL Co 5izs 1888 it2is 1922
southern Pacific SIS 1884. 1854 800.
st. L. Inns Ry. r. & G. As 1888 80 81
Union Elec 1t & Pow. IS 1899 1929 1885
Union Oil Co. of Calf. SIS 1885 991a 100
Virginia Rwy & Power IS 1884. 1885 103ss
Wabash Rwy. Co. IS 1939...... 100 10lN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
NEW YORK BANK STOCKS

NEW YORK, September l (P-
Over the-counter market:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
Sales Of Stocks on New York Exchange.

1880 A.M....... 100000 1900 Noon. 100000
1870 PM......... 100000 2:10 P.M........ 100000
table the annual cash
tPartly stock fPus 9G stock A Paid
PAYABLE cash
specal stock
SO stock Plus 212fe in stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
Bid and Asked Price,
BONDS.
TUBLIC UTILITY.
STOCKS.

Amer. Tel. & Tel. C9l......... III -.
Capital Traction Co. "a; .341a 35ia
Wash. Gas Light Co. lSl. go. lis 80.
N. & w. Steamboat ti2b ...... $50 200
Pot. Elec. Power 81 pfd 49,. 1l2i2 l13
Pot. Elec. Power 5I2'c pfd. -. ll0ss Ill
Wash Rwy. e. Ell com. d.. 470 -.
Wash Rwy. & e. pfd. 3D.. 1914 e912
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01

Barber & Ross. Inc. com. 80. .eh Is
Col. Medical Bldg Corp. 3d.. IS -.
Col. Sand & Gravel pfd. CO.. SO 90
D. c. Paper Mfg. pfd. ........ -. 5
Dist. Natl. Sec pfd Cd. ...... 80 %
Emer. Bromo-Selz "a t2)..... % 81
Federal Storage pfd. go. ...... 10 100
Fed.-Am. Co. com. G.20f) ...... 2lA 70
Fed.-Am Co. pfd. go .......... 80 100
Lanston Monotype (8).......... 85ia 81
Mer. TT. & Stge. com. (10).... IS los
Mer. TT. g. Stge. pfd. o.. go 96
Mergenthaler Linotype co.. 800. "76l2 77h
Peoples Drug Stores pfd. (61a) .'l0113 1929
Real Est. M. & G. pfd. d.. 6l2 s.
Security Storage de-. los lib
Ter. Ref. & VIII. Corp. (3...... "a SO
The Carpet Corp. 90. .......... TIA %
w. Mech Mtge COM 90. ...:. ga $50.
Wash. Medical Bldg. Corp. ca 95 ....
Woodward & Lothrop com. Q.20) IS 49,.
Woodward & Lothrop pfd. %. LOG 49,.
"Ex dividend. $40 extra.
books closed. y212ee extra.
n25c extra. g3Se extra.
f30c extra. h4ss extra.
$le extra. 1856 extra.
e1MG extra.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
Trust Companies.

Railways of Cuba are reducing pas
scnger fares.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
TREASURY CERTIFICATES.

CRepoited by J. g. w. Seiisman & Coz
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-01
DIVIDENDS DECLARED

NEW YORK, September (P).-
Initial.
Pc Pay Hldrs Ct
Company. Rate. riod. able. record
Allied Corp A........35 @ Sep. l Sep. l
Stock.
Seward daily gateway., 1931-08-13
BILLET GRAzES HEAD MAN PICKING BERRIES
 AT JUNEAU RECENTLY

While R. D. Miles of Juneau was picking berries on the side of Mt. Juneau off the Basin Road last week. a bullet from a high pow cred rifle creased the top of his head. He was not aware of his narrow escape from death until a few hours later, reports the Jun eau Empire.
 MT. Miles remembers reaching for a particularly fine cluster of berries and his next recollection is of being at bed at his home with Dr. l.. P. Dawes and Mrs. Miles standing nearby with looks of concern on their faces.
 MT. Miles cannot recall any pain resulting from the bullet or how he arrived home from the hillside. Mrs. Miles was not in the house when he reached there.
 The shock caused by the bullet grazing the skull rendered MT. Miles unconscious. The supposi- tion is that the person who did the shooting-possibly mistaking MT. Miles for a bear-conveyed the senseless man home. The fact that he was unable to give any information about himself leads to the inference that the person who fired the rifle must be an acquaintance of MT. Miles.
 Judging from all circumstances, the bullet must have been dis charged from a high-powered wea- pon," declared Doctor Dawes. If the missile had ranged one inch lower, it would have instantly kill ed MT. Miles. It vent through his hat and just touched the top of his head.
Seward daily gateway., 1931-08-13
| ***k* < < < < < < t 'Babe" Hayes < < Column < < < **k* X x < < < < <
 (Snecial Gateway Feature)
 (By Babe Hayesl
k \ < < 4 4 4 < < < x < j

Robert Patterson, former Vice President of the National Cash Re- gister Co.,, of Dayton, Ohio, was through Alaska with his three sons in 1925. Speaking of the trip he says:
 "You will no doubt be interested to know that we feel we had a most wonderful trip, and we were espec- tally impressed with the hospitality of the many people with whom we came in contact. If my health re- mains good, I hope to make another visit to Alaska next summer, coming sometime in August and hope to do some hunting on that trip.
 My boys still speak of the fish ing trip they had on the Bay, and of climbing Mt. Eyak, and I wish to thank you for your interest and attention to them.
 If I do return to Alaska, l hope to have the pleasure of seeing you again."
Seward daily gateway., 1931-08-13
ON ANNUAL VISIT

Mr. Halloway, we'll known Alaska representative of the popular AL aSka Weekly, published in Seattle, arrived from the South Wednes- day aboard the liner Admiral Wat son on his annual trip through out the Territory in the interest of his paper From Seward MT. HalloWay goes to the Interior.
Seward daily gateway., 1931-08-13
RETRIAL CARRIED OVER

LOS ANGELES, Aug. 12. R - The retrial of Alexander PantageS on charges of criminally insulting Eunice Pringle, dancer, August 14, was continued to November be- cause of death in the family or one of the attorneys.
Seward daily gateway., 1931-08-13

MT. Meade of Florida and niece Miss Miles, who are touring AL aska and who have been in Sew ard for the past week, continued on to Kodiak aboard the SS Ad- miral Watson. They return South on the liner.
Seward daily gateway., 1931-08-13

Phone for HOrluck'S DanlSh Ice Cream and we will deliver. Candy Cottage.
Seward daily gateway., 1931-08-13

Subscribe to The Gateway, the Alaska paper which is different.
Seward daily gateway., 1931-08-13

Don't miss the 'TalkteS!"
Seward daily gateway., 1931-08-13


 sped human energies released local cooperation has sody knit together communities into selfgoverning democrace the human spirit blossomed in atmosphere of independence sef-respect It brought America to greatness unparalleled in the history of the world
 We must continue that fight. Amid the of vastly growing compexty of economic life must the independence the individual from the deadenng restraints of yet by the strong of equally protect individual freedom his fair his equality opportunity from the encroachments special privileges and greed domination by any group o class.
 We still fighting this of independence We must be msed by claim that the of all wisdom the government We know that the of wisdom the people, the people win anew the victory that innate Rather is it born out of ex- perience and of all out of precisely such experience as brought by darkest moments Valley Forges individual national careers It in the meet ing such moments born insights, pathies powers ski That is precisely why the of the instead of the many fails to build an enduring people, battles We in the midst of today by single stroke by strat egy sprung the of single genius The multitude individuals and adjustments to new conditions altogether vast and too complex for that Rather we pin faith the nventivenes the
 turn
The Washington times., 1931-10-29

pliance puzzles Kosole and
leaves him irresolute.
Tjaden shifts at his glass ap-
preciatively and the rest of us
lift our noses. It is good rum,
no mistake.
Closing Time
Kosole knocks over his glass.
you're not standing me any
thing!"
ZACH, mani" cries Tjaden.
"You might have given it to
me, then!" With his fingers he
tries to save what he can, but
it is not much.
The place empties little by
little. Closing time, gentle
men!" cries Seelig, and pulls
down the revolving shutter. We
get up to go.
"Well, Ferdinand?" say. He
shakes, his head. He cannot
bring himself-to it. The waiter
there-that's not the real See
lig at all.
Seelig opens the door for us.
"Au revoir, gentlemen! Pleas
ant dreams!"
"Gentlemen!-'Swine' he used
to say"
Kosole is already almost out
side when, glancing back along
the floor, his eyes light on
Seelig's legs, still clad in the
same ill-omened leggings as of
old. His trousers. too, have the
same close-fitting military cut,
with piping down the seams.
From the waist up he is inn
keeper; but from the waist
down-sergeant major. That
settles it.
- (TO be COntinued.)
Copyright, Erich Maria Remarque,
1881; distributed by United
Feature Syndicate, Ine.)