davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
AUTO BUILDERS FIRST
IN MACHINERY BUYING


NEW YORK, September 10. - Ma
chine tool market developments the
past week center in the automobile
industry, which is beginning to show
renewed interest in tools and dies,
American Machinist reports Lycom-
lng's big order for two complete pro-
duction lines heads the weeks purchase
list. 1t includes the tooling for the
Auburn eight-cylinder block and for
new model engine.
Other automotiNe buying includes
some by Buick and Chevrolet, scattered
over the last month or two, and an
occasional Special-tool purchase by
Ford. Detroit. however, is still uncer-
tain whether Fall models will be radical
departures or simply further refine
ments in body design and introduction
OF free-Wheeling and similar engine
developments, which require no addi-
tional tools.
Tools and dies are being sold in
Detroit, many for body work. Tool
and die shops and most motor plants
there are working nights for the first
time in years, and all good designers
are now at work. Confirmation of this
comes from Budd in Philadelphia,
where the tool and die shop is working
three eight-hour shifts, while produc-
ton lines await the new tools.
The subway and Navy lists in the
New York market are still being held
up. Inquiries are up slightly. Chicago
dealers believe that the remaining
months Of 1891 will bring up the years
average, while current inquiries con-
tlnue fair and used tools slow. New
England's tool market is pepless, with
favorable developments in spots. For-
OrHpFc I1n n
grinding machinery builders there, al
though all manufacturers consider Au-
gust the years worst month.
Cincinnati thinks new inquiries have
the earmarks of forthcoming orders,
but current business holds even.
Cleveland reports an upturn in sales
and inquiries. Buffalo reported July
as the years best month; now August
looks even better.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
STOCK PRICES SLIP
AFTER EARLY GAIN
Market Unsettled by 0mis.
sion of Rock Island Com
mon Dividend.
BY GEORGE r. HUGHES.

special Dispatch 20 The Star
NEW YORK, September 10.--In a
Stock Exchange session oppressed by I'M
favorable dividend action, actual and
prospective, stocks sagged again today
to new lows on the reaction There
was a brief covering movement at the
opening and another at the close, but
the trend was downward. although
losses were not. as large as they had
been earlier in the week.
The first disturbing development was
the omission of the common dividend
on the Rock Island Railroad, announced
during the morning. In the afternoon
the Maine Central directors passed the
dividend on the common stock OF that
corporation. Railroad stocks were weak
all day. Next week the directors OF the
Westinghouse Electric and Baltimor2 q
Chic are scheduled to act and both OF
these stocks were under pressure.
The market was not affected by the
unSettlement in foreign bonds. Instead,
it rallied just when the German issues
were making their lows. 1t had 10 I'M
portant declines in commodities WIN
which to contend. The sole influence
seemed to be fear over further reducea
disbursements to Shareholders.
good deal Of the selling TODAY was
reported to have come from the Pacihc
Coast Next to the rails, the utilities
gave way the mos
Prices had been moderately higher at
the start as shorts took in their con-
tracts. bat when these orders had been
xecuOed the list weakened again. In
the second hour news came OF the
passing OF the Rock Island dividend,
and despite the current low price of
the shares it was evident that the an
nouncement had not been discounted.
Rock Island common closed Wednesday
right at 80 and. on the dividend omis-
sion. dropped abruptly 10 points before
meeting any support. AT the low, buy
ing orders appeared and partial re-
coYery enSuad.
The Rock Island development caused
selling in other railroad shares and new
lows for the bear market We're set up
BY Baltimora g. Ohio. LaCkaWanna, Chi
cago & Northwestern and Northern Pa
Cific. St Iouis-San Francisco which
owns a large interest in Rock Island,
also broke. and earlier in the day Penn
sylvania made a new low
Operations for the decline in the in
dustrial group were centered on a few
supposedly vulnerable issues Today it
was General Electric as on Wednesday
it had been General Motors which was
pressed for sale Before noon the price
was down 10 only fraction above the
June lW Westinghouse was another
target for the short sellers and made
a new low by a fraction. International
Harvester dipped into new low ground.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
KANSAS OFFICIAL SEEKS
TO ENJOIN STOCK SALE
By the Associated Press


TOPEKA Kans.. September 1o-A
suit seeking to enjoin the Cities Service
CO. from selling its stock in Kansas on
grounds the company had not complied
with he speculative securities act was
on flic in the Shawnee County District
Court today
The petition, filed by Roland Boynton
States attorney general. named as de-
fond9nts Henry l.. Doherty g. Co. and
the Cities Service Co. holding" com
panv Neither defendant. the petition
set forth, had been issued a permit to
sell or offer for sale securities of the
Cities Service Co. as it was alleged they
were required to do under provisions of
the securities act.
Attorney General Boynton said the
action was intended to obtain legal
Qualification of the law. It was the
latest development in prolonged con-
troversy between State officials and
DOherty over gas rates, stock sales and
the right of the concerns subsidiaries
to sell merchandise in Kansas.
An action by Carl Newcomer, special
assistant bank commissioner in charge
of securities, to bring certain Cities
Service stocks under the provisions of
the securities law, except first preferred.
now is pending in the State Supreme
Court.
The District Court, in which the suit
was filed, enjOined the action, after
which the State appealed the case to
the higher tribunal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
EARNINGS REPORTED.

NEW YORK, September 10 o.
Net profit of Loew's, Inc. for the 40
weeks ended June amounted to So
829. 482 after charges for taxes and de-
probation. but before deductions for
the preferred dividends Of subsidiaries,
compared with 1,781.924 for the cor
responding period Of last year.
After allowing for dividends on the
subsidiaries preferred stock and on the
$3.50 preferred stock OF LoeWs. Inc,
the net profit is approximately equiva-
lent to S640 a share on the common,
compared with S764 a share for the
comparative previous period.
Dunhill International, Inc, reports
a net loss of s11l.423 for the first half
of 1881, compared with a net profit
of $50 .657. or At cents share for the
first half of last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
PREFERENCE FOR SHORT-TERM
US. PAPER SHOWN BY MARKET
Small Oversubscription to Per Cent
Treasury Bonds May Force Change of
Policy In Government Financing.

is that If he limits his long-term loans
to moderate amounts and maintains
the rate at 3is or 3I4 per cent, he will
have the support of the institutions
from which the greater part of total
subscriptions to Government bond is
sues are received, otherwise he may
be in somewhat of a dilemma when the
time comes for preparing TO meet
$900000000 Of maturing obligations
next December
One feature of the subscription to
the new per cent loan was the large
number placed for $50 and 500
amounts. This represented demand on
the part of small investors an over the
country who have not been buyers Of
Government loans to any extent since
war times and who, in large measure,
had liquidated their Liberty loans 8 or
10 years ago. It indicates the same eff
fort toward obtaining the highest de-
gree Of security for funds that is now
reflected in the increasing savings
bank deposits and in the tremendous
gain Of the past year in the deposits
of the postal savings banks.
fCopyright, 1870
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
Life Insurance
BY GEORGE t. HUGHES.

Before we leave the subject. a word
should be said in favor Of that greatest
Of all business pests, the life insurance
agent. Perhaps pest is too strong a
word, but all of us have used it as a
synonym in referring to him at one
time or another. And yet hardly any
Of us would ever have taken out life
insurance if it had not been for this
same pest.
This, therefore, is a plea to give him
a hearing You do not have to accept
his diagnosis Of your insurance needs
but it never does any harm to hear
it. The policy on his own life which the
writer values most highly. was sold 10
him b. a particularly dlSagreeable in
surance agent. whom he never saw before
and whom he has never seen since. II
was bought when he was already carry
ing all the insurance he thought he
needed.
The insurance agent has an economic
raison d'etre. Probably we ought 10 be
able to get along without him. but as
a matter Of fact We have to have him
Now, because practically all Of us buy
life insurance only after we have been
solicited by an agent is no excuse for
our not knowing the elements Of the
subject ourselves. The man or woman
of average intelligence can learn in a
general way the advantages OF the
various forms Of policy if he will only
exert himself.
In view Of the overwhelming impor-
lance, the absolute necessity OF life in
surance there is no excuse for not giving
the matter some study Do not buy
the first contract the agent offers you
Do not buy from the first agent without
shopping around a bit While it is
advisable to have insurance protection
as soon as possible. take time enough
TO find out just what form best meets
your needs. Do not buy more life in
surance than you can afford. 1t is a
mistake to assume a burden you cannot
carry, but it is a greater mistake to
neglect acting at all
In any event, treat the next life in
Surance agent that calls courteously
You may not like his personality and
you may be annoyed at the incon-
venient time he comes. but he is a
business if not social friend.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
So .OOO.O 900 BANK MERGER

RICHMOND. Va, September 10 C4)
The Union Bank q Federal Trust
Co. of Richmond, a $3,5oo,OoO institu-
ton. was acquired carly today by the
Bank Of Commerce q Trusts, in
combination which will bring the assets
of the latter institution up to nearly
$4,000 900.
Transfer Of the Union Banks affairs
was effected last night at a meeting
by officers and directors Of the two
banks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
BY CHARLES r. SPEARE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK September 9.-The
$500, 000,00 issue of per cent United
j States Government bonds offered a week
ago sold yesterday at a discount from
| the subscription figure of par. The
best bid at one time was "a point from
the official offered price.
According to dealers in Government
issues, this is the first time in some
wears that a new Treasury issue has
! gone to an immediate discount after
| the closing of the subscription books.
1t reflects the narrow margin by Whlch
the loan was covered, while the delay
in announcing the response TO the offer
ingS suggests that it was covered only
through the action of the banks in in
creasing their subscriptions alter 1t had
been realized from the first acknoWl-
edgements to Secretary Melons letter
that the taking of the entire $500, 0OO,-
900 was extremely doubtful.
Features of Loan.
The two features of the loan which
reacted against it were its size and the
| low coupon rate 1t has been felt that
the market was not in the position or in
the mood to take more than S5c0000,-
600 and that in making the amount
| $500 coo 600 the Treasury exceeded the
| capacity OF the market to absorb It..
| The rate of per cent was the lowest at
which long-term Government paper had
| been fioated since the pre-War period,
| and. although there was difference OF
| but 8 of l per cent between it and the
June offering, for which there We're
| subscriptions OF $4,000, 100000, this
slight reduction has resulted in the
| questionable success of the loan in con-
| trast 70 the astonishing response to the
/ previous issue This previous issue a
! short time after it had been given a
| public market, sold at a premium Of
| about l34 points and was today quoted
at premium OF point over its offered
| price
In view of the small oyersubscrip-
| tions for the 3 per cent bonds and the
| discount at which they are quoted, it
! is now question whether the Treasury
| can proceed with its refunding pro-
gram along the lines that had been
adopted early this month. 1t is evident
that the market does not react favor
ably TO a 3 per cent long-term issue,
and that it is still showing preference
for short-term obligations, lnaSmuch as
the $500 100000 one-year certificates
at ~ per cent interest, which were
announced coincident with the $780,
100000 3 per cents, were several times
oversubsCribed.
Experts Opinion.
Under the circumstances, Secretary
Mellon will either have 10 continue his
prolonged policy of refundlng with
! Treasury certificates, with the rate &C
conmodated 10 the market at the time
of issue. or raise the coupon on any
! additional long-term obligations. The
| judgment of Government bond experts
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
UNTITLED u. S. STEEL
TONNAGE DECLINES

BY the Associated Press.
NEW YORK, September T0-UnnTIeQ
orders Of the United States Steel Cor
poration showed a decrease of 235 1859
tons in August to a total Of 3,169 457
crease of 74.507 tors was reported
The backlog as Of July 81 was 3404,-
316 tons. On June 30 untitled orders
aggregated 3479.323 tons. against g.
620.452 tons on May 81. On August 81
1890, untitled orders amounted to g.
580204 tons
Financial circles had been prepared
for another decrease but did little
guessing as to the probable size Of the
change In August. 1880, the backlog
dropped 44l85l tons and in the same
month Of 1929 it was OF 429 966 tons.
Operations Of the corporation ave
ragged about "a per cent Of capacity last
month
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
Electricity Output.

NEW YORK September 10 Up
Production of electricity in the United
States for the week ended September S
amounted to 1927, $50 600 kilowatt
hours, compared with ! $50 O8l coo for
the corresponding period Of 1880 the
National Electric Light Association re-
ports. The associa ton however. did
not figure the comparative percentage,
explaining that no comparisons can be
made with the corresponding period of
last year which included Labor Gay
whereas this year the holiday came a
week atcr.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
Sells Pipe Line Interest.

NEW YORK, September 10 OP).-
Skelly Oil Co. has sold. it's interest in
Natural Gas Co. of America, which
operates pipe line to furnish natural
gas to Chicago, for cash to other par
Elephants in the project
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
U. S. TREASURY BALANCE.

The United States Treasury balance
announced today as Of close of business
September was 500 22297. Gus
toms receipts for the month to date
were s8,387 1929 Total ordinary ex-
penditures were S28 66,500.33.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10

CONTINUED on Page AZ .-kiIx NEE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-01
Special Csc Dinner Sc

To ftngy celebrate the of the opening
cafes 3O27 18th Street NV
unusually excellent dinner special price We will be happy
of guests this
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-20

Maj. George ]. Allen, direc-
tor of the Medical Center of
the District National Guard,
gave his two youngsters an
early taste of soldering when
he had them with him at the
recent encampment of the local
Militia at Camp Richie, Md.
He is shown with George, jr.
(left), and Richard La Garde.
The Washington times., 1931-10-02
Shopping =

Goats bought in August sales
look practically as new as the
winter ones. For the last Paris
openings haven't changed them
very much. It's true they have
an even Straighter silhouette
than we saw earlier in the sea:
son. The skirt line now not
only gives the impression Of
being straight, but it really is.
And in order to give us plenty
Of room in walking and moving
around, they're being made now
with an extra wide lap. This,
incidentally, adds quite q lot Of
warmth! And though belts are
sold with most coats, it's be.
come smarter not to wear them,
as a rule-especially II there
are buttons that so attractively
and firmly hold them closed.
WaistlineS don't need a belt to
indicate them; that's well taken
care Of by the way coats are
cut! o
les The Real Thing E.
There's something really amaz'
ing about the coat sketched at
the left. When we heard that
it cost less than $125 we
couldn't figure out what the
fur could be that's used In that
stunning shawLrever collar and
In those double sleeve effects.
Well. we could hardly believe 1t
when we found 1t was real
mink! And it's a copy Of a
Paquin model, too.
Tops and YOkes Of Fur
Fur trimming isn't limited to
tust collars and cuffs any more.
Flat furs such as seal, Amer.
lean broadtail, lapin and cara
cul are spreading themselves
all over the top part Of q coat!
Sometimes it looks exactly like
q jacket made Of fur. At other
times it's limited to q deep
shoulder yoke that usually con.
tinues into the top part Of
the sleeves. The sketch on the
right is a grand example Of
how this yoke business works.
The collars, as in this case,
usually seem to grow right out
of the yokes. Isn't this long
narrow one going down in a
surplice line, as dffferent-look.
ing as anything you've seen?
Since Russian caracul Is the
fur, the effect is most luxuri-
Gus. The sleeves have pointed
flaps appearing at the elbow,
and we're glad there isn't any
fur on them. After all, e1ough's
enough with that lovely yoke
and collar. This coat costs Just
under 500 and that famed
eouturisE ooupv designed ~
The Washington times., 1931-10-02

Long ago experts standardized
leads, conventions, and the
best way to play each type Of
hand. But methods Of bidding
just grew, like Topsy; when al
most overnight social leaders
abandoned auction bridge for
contract, and demanded how
the bidding should go, every
auction expert had to answer,
and without. experience some
of the replies. were none too
good. Once committed to a
particular method of bidding
its originator and his clients
were reluctant to change.
In this way half dozen Sys-
TENS Of contracting entered the
race for popularity. BY turns
the public favored first one
method and then another, just
as the mob at Coney Island
crowds the show having the
best barker. That could not
continue forever. The most
otIuPAC anu CA41C1cuO L1CLI1OU OI
bidding finally had to be de-
termined and the game stand
srdized by the majority Of
competent experts. That has
been done in the official game.
The Latest Method
The new method Of bidding
minimizes artificiality Of pre-
cedure. It does not approve of
bidding 1-club to announce pos
session Of at least three quick
tricks, when the bidder may be
void Of clubs. It considers that
the number Of tricks bid by
the dealer, or whoever opens
contracting should be in proper
ton to the strength held and
the character Of that strength.
1t considers unwiSe the utiliza-
ton Of so low q bid as two for
announcing the strongest type
Of hand, and one that viii be
The Washington times., 1931-10-02
The Marry-Go-Round
By Helen Rowland
The Masculine Complex

The Masculine Complex
You may convince q man
against his better Judgment.
his intuition, his principles and
all his common sense-but you
can never convince him against
his will and his inclinations.
You may convince him that
you can't be kiSsed-but you
can never convince him that
you don't really WANT to be
kissed.
You may convince him that
you know that all his love
making is Just q good line Of
apple Sauce"-but never that
you don't enjoy listening to it.
You may convince him that
q wonian's intuition is uncanny
The Washington times., 1931-10-02
NONTRACT BRTDGE
Salient Features Standardized
''The OfticiGI Systevs''
s Adopted by Leading Authorities
-- By z. v. SHEPARD---

held perhaps once only in 100
deals.
Common sense says that the
least strength worth a declara'
ton should be announced BY
the lowest possible bid, and
that greater strength should
be shown in regular order by
higher bids. "a.
An opening bid Of one Of
any suit. says: Partner, ]
have a bidable suit and suf-
ficient strength to win at least
the odd. trick If you have
dumniy's expected strength Of
three assisting tricks. Do not
assist me unless you hole
greater strength than I ex-
pect. Do not feel obliged to
shift my bid unless you are
stronger in another suit and
very weak in my suit"
Asks Partner Support
An opening bid Of two an
AAOuAAOCo d IAd41O wv oO4 OkA6 4VA
q lower bid, and asks partner
to support upon normal trump
strength, even if he happens
to be a fraction Of a trick
below the average strength held
by dummy.
An opening bid Of three Of a
kind announces so great
strength that game should be
assured at some make. This
Is termed q demand bid" or
forcing bid" as partner is
obliged to respond.
An opening bid for game
states that partner is trusted
for two tricks for fulfillment
Of contract and that the bid
der's hand probably is not Of
much use at any other make.
Each Of these official bids
will be considered In detail in
succeeding articles.
Tomorrow: Opening Suit BIDS.
Copyright, 1891, King Features
Syndicate. Ine)
The Washington times., 1931-10-02

of the swellest hotels, and old
lady Miers knew her onions.
Aside from the clothes we were
to display at the show she had
equipped US with wonderful
things to wear on every occa-
sion down there. None Of the
other girls had been provided
with such an equipment.
Perhaps we didn't put on the
dog, Viola and myself. the first
forenoon when we went down
to the beach at the bathing
hour in some pajamaS that
caused every woman there to
stare and whisper!
Five minutes after we were
on the beach / met Curt Law.
lor. He recognized me and
Viola and began to chat with
us. If he had any bitterness
against me for what / did to
Airline Parsons he didn't show
it.
We were having a gay time,
chatting together, when saw
Airline come running up to-
ward us. That didn't surprise
me, for I had q hunch she
would be wherever Curt Lawlor
was.
She didn't recognize me un-
til she was right up within
arms reach and when she saw
who was she gave o little
sQueal-as If she had been
hurt.
"You!" she said.
why deny it?" said. srnila
ing and trying to avoid a scene.
IF you--" she choked. got
her breath. stepped nearer and
shook her finger under my
noSe-"if you are here after
tonight'S train leaves for the
north. your life won't be worth
two cents!" g.
That made me angy.
you've been reading dime
novels" I Sneered, "or else see
ing too many movies"
you quit Palm Beach, I'm
warning you, or your life won't
be worth two cents" she re-
peated.
I did q foolish thing. I
laughed in her face.
She made a wild leap for
me.
what happens to Kitty?
Read tomOFrOw's absorbing in-
stalment.)