davidaulloa/AmericanStories huggingface dataset:
Evening star., 1931-03-14
Brokers' Comment

NEW YORK, March 14.-The alb
sence of any important amount of
liquidation leads brokerage houses to
feel that the stock market is apt to
hold in an irregular trading range
Probability of technical rally in the
immediate future was mentioned in
some quarters today. Comments fol-
low:
Clark g. Cot is our opinion the
securities market probably, for the
time being, will move within a trad
ing range and reflect day to day news
by sharp up and downward swings. In
consideration of this outlook we con-
nitments on bulges and recommend
awaiting reactionary periods in which
to purchase selected common stocks in
the various groups.
Otis & Co.: We believe the conseIv-
ative course is to regard the break
through recent support points as indi-
eating the probability that the market
in general is feeling the influence of the
downward trend already established by
the rails However, we do not believe
it is logical to expect this trend to de-
velop into a precipitate break. With
the speculative public account pretty
thoroughly liquidated it is doubtful that
any decline can display the semi-pan-
icky characteristics of 1929 and 1880.
Instead. we would look for an irregular
sagging tendency.
HamershIag, Borg & Co.: 1t would
appear that security prices are again
following rather than discounting the
news in the present .phlegmatic state Of
the market. We would be inclined to
purchase investment issues on any de-
cided recessions.
Hornblower g. Weeks: The market is
giving ground grudgingly and would
probably be disposed to rally sharply in
case any favorable industrial situation
might develop in the current news.
Jackson Bros, Boesel & Cove feel
that a return Of heavy stock market
liquidation is unwarranted despite the
possibility of somewhat lower prices In
the near future.
Shields & Co.-The general market
has drifted into another rut Of dull
ness. 1t is any ones guess which way
1t will break out, but the small amount
of liquidation indicates no wide-open
break is threatened at the minute. The
burden of bad news is growing heavier,
however, and attempts to force the
leaders up are meeting greater resist
ance.
Evening star., 1931-03-14
INCREASE IN HOME
BUILDING FORECAST
Decline in Construction of Resi-
dences Is Now Believed
at End.
BY the Associated Press.

BY the Associated Press.
Construction associations and G..ed
groups here believe this years volume
of building will be about the same as
last year, with a possibility of a 10
per cent increase. Last years total
aggregating $4,000, 100000 was about
the same as the last 10-year average,
but under the level for the last f1ve
years. The decline in 1880 was ac-
counted for by a huge drop in resi-
Dental construction.
This phase of the industry is expected
to show the greatest improvement in
the present year. The decline in resi-
dental construction had its inception
in 1923, owing to overbuilding and high
money rates. The slack during the last
two years, and obsolescence, have
created a more than normal demand
for new housing units, it is said. which
is estimated to be from 100000 to
100000 houses year.
More home building plans have been
announced and undertaken so far this
year than in a number of previous
years, showing a steady increase since
January l. This market has Debated
it's oversupply and has built up de-
mand which is forcing increased con-
struction.
The nature of the business oppression
has made the controllers of building
loans very conservative, notwithstand-
ing the fact that savings deposits are
increasing and building and loan asso-
Citations have added tremendously to
their assets. Inasmuch as ample funds
are available, it is expected rates will
become more reasonable in the Spring.
BY far the greater part Of the FORE
closures and repossessions. which were
relatively heavy during 1880, has been
liquidated. Comparatively few fore
closures are expected in the trade from
now on, it is said.
The general conclusion is that resi-
Dental building is at the beginning of
another period of expansion comparable
to that which began in 1921 after the
severe depression of that year.
Evening star., 1931-03-14
BALTIMORE STOCKS.
special Dispatch to The Star.
PREFERRED STOCKS.

NEW YORK, March IA (SpeciaD -
The strength of preferred stocks in the
face of irregular movements In common
stocks continues to be an outstanding
feature Of the market. Recetly there
have been sharp advances in the Ameri-
can Power e. Light issues, with the
per cent stamped preferred up about 10
points from its low. The American
Smelling second preferred, which was
issued last year at premium and de-
clined afterward about 9 points, has
recovered all # its loss other pre-
ferred shares that are at the highest of
the year today are American Sugar,
Baldwin Locomotive, Commonwealth &
Southern. including the 1E2 per cent di-
vidend that has just been subtracted,
Gold Dust and Atchison. Consolidated
Gas. General Motors, Electric Power 81
Light and Electric Bond e. Share are
within fraction of their highest.
Evening star., 1931-03-14
The Revolving Restaurant.

A suggestion for the Chicago World
Fair Is that of revolving restaurant to
be located on top of a huge column.
The structure is to be spiral in effect
with large dining rooms and prone
nades and the entire structure is to re-
voIye twice each hour. giving the visi-
tors ample opportunity TO dine and at
the same time secure bird's-eye view
Evening star., 1931-03-14
Nehi Corporation.

NEW YORK, March IA (SpeciaD -
Nehi Corporation dealers entered the
year 1881 with inventories As per cent
smaller than year ago, according to
c. A. Hatcher, president, in a letter
to stockholders. He also emphasized
the fact that new merchandise would
be offered the public through added
trade channels in the near future.
Early in 1880 the management
deemed 1t wise TO adopt rather rigid
credit policy which brought about
considerable reduction in the floor
stocks of concentrate o@ned by bot
tiers" he exclaimed.
Evening star., 1931-03-14
BANK DIRECTORS VOTE
TO CUT DIVIDENDS
Special Dispatch to The Star.

NEW YORK, March 14.-Directors Of
tne sank OF America N. A. and Banc-
On aLnsslCs-biar 5.lr corporation have declar-
IS cents per share, as comnared With N,
Sl:!212 heretofore paid. In taking This
action the directors of the two institu-
ions are recognizing the effect of low
money rates on bank earnings and re-
ouceo volume and narrower margins of
earnings. ''4OA
AT the same time the directors Of the
pank set aside in a contingent fund
special reserve Of $500, goo. The banks
CapNal, surplus and undivided profits
after setting up this reserve AGGREGATE
over $69. 900 900.
Evening star., 1931-03-14
GERMAN EXPORTS GAIN.
BY the Associated Press.

BY the Associated Press.
substantial gain in Germany's ex-
ports of construction machinery dur
ing 1880 tended TO Offset unfavorable
conditions for the sale of this type OF
equipment in the home market. I'M
ports, trade advices say, on the other
hand showed a STEADY decrease during
the year owing TO the generally lowered
demands of the German building and
construction industries. Sales OF con-
struction machinery In Germany are
estimated to have dropped OF approxi-
mately so per cent during the year.
wiffle exports advanced approximately
es per c.nt during the same Iperiod.
Evening star., 1931-03-14
TEXAS CORPORATION.

NEW YORK, March IA R.-The
Texas Corporation. one of the leading
units in the petroleum industry, today
reported sharp reduction in earnings
for 1890.
Net income, after all deductions and
reserves, was $15,073, ,303, equal to $l.53
share, as compared with 1929 net of
S48, ,318,072, or $5.12 share on
slightly smaller amount of stock. The
stock is on a So annual dividend basis,
Evening star., 1931-03-14
CLUETT JOINS CURB.

NEW YORK, March Il (SpeciaD -
6urton, Cluett & Co. have been elected
70 an associate membership in the New
YORK Curb Exchange, the membership
The f1rm, which holds a membership
In the New York Stock Exchange, Is
one OF the new partnerships organized
since the beginning Of the year.
Evening star., 1931-03-14
U. S. TREASURY BALANCE.

The United States Treasury balance
announced today as of close of business
March IL was $67,113,190 Customs
receipts for the month to date were
S11 $3.50, ,283.76. Total ordinary expendi-
lures, $3.50, ,141.02.
Evening star., 1931-03-14
Washington Stock EXCHANGE
SALES.

SALES.
Washington Rwy. e. Elec. 4s-s1 900 at
88l2, 81 900 at 3S5s.
Capital Traction Co.-10 at 353s, 4 at
35, 100 at 35, 10 at IS.
Wash ngton Rwy. & EIec. pfd.-1O at
98l2, 10 at 98l..
Federal-American National Bank g.
Trust-10 at so, 10 at so, 10 at so, 10
at so, 10 at so.
Liberty National Bank-3 at 185.
Lanston Monctype-10 at los, 10 at
los, at 1852, 4 at 1O51a.
National Mtge. g. Inv. pfd.-100 at 47a,
500 ato47s.
Peoples Drug Stores pfd..-1o at 1907,
10 at 1907, at 1Oo14, 7 at 10O14.
AFTER CALI.
Capital Traction $500 at<813a.
Washington Rwy. e. Elec. pfd.-30 at
9812.
UNLISTED DEPT.
National Press Bldg. 5las-s2, 900 at 60.
$4,000 at go, $1,000 at so.
Evening star., 1931-03-14
CHICAGO STOCK MARKET
Y the Associated Press

By the Associated Press.
CHICAGO, March 14.-Following is
the complete official list of transactions
in stocks on the Chicago Stock Ex-
change fnGaV.
Evening star., 1931-03-14

Mines, municipalities. railways and
other organizations of South Africa are
concentrating their buying in the CEN
tralized commercial exchange at john
nesburg.
Evening star., 1931-03-14
BONDS.

5sSSs 5sSSs ebc ebsas9 c.I Fys s. 7' q" s''
iSSo 5oS, Chi: sy R!' wits stts e 52 5
ao0a Union Fl SIS g.. "a 10 "a |
500, co Appel Gas A s. IS s7S aa33la a55'a
Bond sales today. S66,0o0.
Evening star., 1931-03-14
Unlisted Department.
BONDS.

tThese securities. not listed under exchange
rules)
Evening star., 1931-03-14
AFTER CALI.
UNLISTED DEPT
Bid and Asked Prices.

National Press Bldg. 5lzs-s2, 900 at 60.
$4,000 at 90, 81 900 at so.
Evening star., 1931-03-14

Jackson Bros, Boesel g. Cove feel
that a return Of heavy stock market
liquidation is unwarranted despite the
possibility of somewhat lower prices In
the near future.
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-12-03
IN DAYS OF OLD
FORTY YEARS AGO

An order signed by Judge Hugh L..
Bond, of the United States Circuit
Court at Baltimore, was served on the
Mayor and Council of Oakland pro-
hibiting them from enforcing the or
dinance which limited the speed Of
trains within the town limits to six
miles an hour. The order was to re-
main in force pending an application
for a preliminary injunction which
had been made by the Baltimore and
Ohio Railroad Company which had
grown out of the arrest a short time
before of the engineer Of a mail train
for operating the train at a speed
greater than that provided in the or
dinance. At the time of the engineers
arrest the train was considerably de-
layed while a hearing was accorded
him by the police justice.
Announcement was made that the
Knights of Pythias lodge members
would give a grand ball in the Glades
Hotel on New Years eve.
Mr.. Charles Newman, son of DIR.
and Mrs. 1. D. Newman, Oakland, and
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-12-03
Crellin School Attendance

The following pupils of the Crellin
school had perfect attendance for the
month of November:
Grades and 7, Rosalie Click, in
tructor-Dorsey Ashby, Willard De-
Witt, Carroll Hahn, Stanford Rex
road, Edward Faherty, Dale Ellis,
Dorain Ellis, Helena Ashby, Vera
Breedlove, Margaret Gilmore, Geral-
dine Weimer, Edwania Wilt, Eloween
Evans, Marguerite Forman, Carrie
Kisner, Anna Mersing, Juanita Rex
road, Josephine Rodeheaver, Vonda
Sanders.
Grades a and 5, Arthur Friend, in
structor-Walter Ashby, Robert Hen
line, William Faherty, Billy Gilmore,
Garland Lewis, Junior Lewis, Virgil
Meats, Robert Patton, Eugene Rode
HEAVIER, Harry Sanders, James Sterl-
ing, William Nair, Betty Ashby, Glen
dine Bowman, Leah Carskadon, Leah
Dawson, Alta Friend, Hilma Rode
HEAVIER, Helen Shaffer, Marie SIM
mons, Farrell WEIGH, Madeline Ashby,
Maryetta Ashby, Olive Friend, Mar
jorie Hinebaugh, Blanche Kisnerl
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-12-03
An Interesting Fact
ENRICHED AT THE PUBLIC
EXPENSE

The history of each age seems to
strengthen the conviction that greed
and righteousness go side by side in
development and prosperity. These
traits are not confined to any one
period or any class. Even when ap-
pointed to positions of confidence and
trust there are those who are not
averse to helping themselves to public
funds without proper authority.
From the time "when the memory
of man runneth not to the contrary"
there has been conflict between those
to whom has been delegated the au-
thority as "watch dogs of the treas
ury" and those seeking to enrich
themselves at the public expense.
Such, indeed, was the condition when
Maryland was governed by royal au-
thority.
Matthew Page Andrews states it
as a fact (which every school boy
knows or at least has had the oppor-
tunity to learn" that the royal gov
ernors of the American colonies had
difficulty in collecting their salaries
from the Colonists. The beginning of
these difficulties arose during the ad-
ministration of Governor Copley
1882 1899.
Sir Thomas Lawrence had accom-
panied the first royal governor as
Secretary for the Colony and seems to
have been given to understand that
he was to receive the same salary as
that paid to the Secretary of Lord
Baltimore under the Proprietary adj
ministrations. But the spirit of econ
omy in the expenditure of public mon
les, or the mounting cost of govern
ment, caused the Assembly to reduce
the salaries of the public servants.
This was not to the liking Of Sir
Thomas, and he proceeded to "balance
his budget" by making up the def
cheney in his salary by instituting the
practice of offering appointment to
office of those who would divide their
salaries with him. This reprehensible
practice is in vogue in some sections
of the country at the present time.
He also increased the revenue of his
family by dismissing number of
clerks and substituting his own son
and others of his personal friends and
adherents. Thus nepotism was added
to the ills of the Colonists.
This latter practice comes in for a
great deal of adverse criticism in
present-day governmental employ
ment, both State and National. When
these practices became public, Law
renee was charged with the sale of
offices and with bribery and corrup-
ton which resulted in his arrest and
| Imprisonment.
Subsequently he was released from
his confinement by the Assembly, not,
however, for the reason that he was
deemed innocent, but for the reason
that it was deemed he was being I'M
lawfully held and that he was entitled
to the benefit of a writ of habeas
corpus.
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-12-03
UNEMPLOYMENT RELIEF

Famous personalities, including
President Herbert Hoover, Calvin
Coolidge, Col. Lindbergh, Gen. PERISH
ing, Mary Pickford, ETC., have joined
in issuing appeals to the American
people to contribute generously to the
cause of unemployment relief. The
money for this purpose is needed at
once.
The cold weather is upon us, and it
means untold suffering for poor peo-
pie who cannot afford fuel. The char
ity societies report many who are ac-
tually hungry, many who are wear
ing summer clothing as the chill of
the winter comes on.
People in comfortable circumstan-
ces should realize that their good for
tune is largely due to chance. Many
others who meant as we'll as they did,
who tried just as hard to make good,
have failed to do so for no fault of
their own. 1t seems only fair that all
these people who have made an earn
est effort in life should be helped
over the present emergency.
When people fail to contribute to
such suffering, the reason is not usu-
ally that they are unsympathetic. 1t
is that they are so busy rushing hither
and thither that they have given no
thought to the needs of their fellow
citizens. They should abandon this
neglectful attitude and ask how they
would feel if they had no food, no
fuel, no clothing, no money to buy
anything with, if their children were
getting sick from lack of nourish-
ment. People who give generously
find a greater happiness in the act
than those who cling to every dollar
and made that dollar their god.
There are reasons of self interest,
for being generous in offering relief
to the unemployed. If large num-
bers of worthy people suffer this win
ter, social discomfort will increase,
excuses will be given for attacks on
our form of government, and the spir-
it of bolshevism will gain adherents.
If the American people want to check
these tendencies toward upheaval and
destruction, they must see to it that
their less fortunate folks are saved
from suffering.
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-12-03
OLD CUMBERLAND ROAD
BEING REBUILT BY STATE
Pioneer Outlet From Cumber-
land Touches BraddOck Route

The old Cumberland Road, often
called the Braddock Trail road, from
Dingle Circle to the National High
way at the Six-Mile House, west of
Cumberland, is being improved by the
Cumberland Contracting Company
for the State Roads Commission.
Concrete shoulders are being put
down and the road is to be relocated
in several places, widened and the
sharp curves taken out over Haystack
Mountain. Several ravines will be
drained and filled from excavations
in the hillside. The wires of the util-
tiles companies, electric and tele-
phone, are being removed from the
roadside and carried on new poles
directly across the mountain.
At the Six-Mile House intersection
with the National Highway west, a
traffic circle with concrete radius is
being put in. Near Allegany Grove,
where the Camp Ground road and the
Haunted House lane intersects with
the Braddock Road, another traffic
circle will be made. ..
The Cumberland Foad was the o.
riginal outlet from Cumberland west
ward, following in some places and
through the gap in Haystack Noun
! tain used by the military road put
down by General Braddock in ITS.
Part of the old road and the original
base, built with river cobbles and put
down by the British military engi-
neers, can be seen on the Haunted
House lane.
The Haunted House lane derives its
name from an old legend. There was
a murder a hundred years ago in the
vicinity of the Camp Ground and it
was always told that the log house
was visited by the ghost of beauti-
full woman crying for aid. She was
said to have been struck with rid
ing crop and knocked from her horse
by her male escort while member of
gay fox hunting party from Cum
berland.
The house abandoned for many,
many years, sat off from the road and
was Stunned by the superstitious.
Chicken and cattle thieves, not fear
ing ghosts, made it their headquar-
tiers at night, and during drunken
fight, a lamp was upset and the log
house went up in smoke.
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-12-03

Miss Hattie White, daughter of Mr..
and Mrs. William White, of near Oak
land, were married at the home of
the bride, the ceremony being per-
formed by the Rev. G. w. Kepler, M.
E. minister of Oakland.
A wind storm on Monday unroofed
several large business houses in the
town of Frostburg and blew down two
store buildings.
The Baltimore and Ohio Railroad
Company placed in service on trains
Nos. 1 and 2, passing through Oak
land, Royal Blue Line cars which were
illuminated by gas and with other i'm
provements were considered the finest
cars in the country. On the outside
of the coaches were painted the State
seal of Maryland.
The wedding of Mr.. Edward M.
Spedden, of Oakland, and Miss Mona
Tillson, Deer Park, was solemnized at
the Tillson home. A number of Oak
land people attended the ceremony.
The hot houses at the Weber farm
were damaged to the extent of more
than $1OO when a hail storm struck
that section Monday morning. The
wind was terrific and the residence
of James Friend, located two miles
from Deer Park, was blown down.
TWENTY YEARS AGO
A number of men, young and old,
residing in and near Bittinger, went
to the east side of Meadow Mountain
where they spent several hours chop
ping wood for Hapnah Speicher, an
aged woman, who lived alone in a
little cabin by the roadside.
A number of business men of
Oakland interested in the First Ma
tional Bank were entertained by Mr..
and Mrs. E. E. Sollars at their home
near Oakland. A turkey dinner was
served the guests who were Fred. A.
Thayer, R. E. Sliger, N. U. Bond, C..
E. Ellithorp and D. M. Dixon.
Paul B. Beachy, 5 miles south Of
Grantsville, produced radish on his
farm which weighed 80 pounds, in
Guiding the top.
The Garrett County Telephone Co.
and the C. & P. Telephone Co. were
at odds in the Homecoming vicinity
because of the fact that the Iona
coming municipal authorities permit
ted the local company to attach their
wires on electric light poles in that
town.
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-12-03
PREVENTABLE WASTE

Down in Texas, to get away from
the growing expense of local gov
eminent, it is proposed for one thing,
to reduce the number of counties in
that State from 254 to so by CONSOLE
dalton. The plan is the same as that
now being put into effect in Georgia,
where duplication of county set-ups
are being gradually eliminated at
saving of many millions Of dollars to
the taxpayer.
Coming closer home it will be found
that the SIS sheriffs of West Virginia
have an average income greater than
that paid to the governor of the State,
all of which comes directly out of the
public purse.
Emphasizing the present archaic
limits of county divisions, the execu=
tives of eleven national organizations
dealing with public finance, meeting
in Washington, recommended their
adjustment and readjustment as one
of the first steps in governmental
costs reduction. 1t must be apparent
on even casual study that the over
lappings and Implications, designed
for the horse-and-b buggy era, are RI
diculous in the present progressive
day of the automobile, telephone, ra-
do and airplane. Such useless and
preventable cost in West Virginia and
almost every other state is indefensi-
BILE, and only an Indifferent public
that allows the politicians to have
their own wasteful way, permits it
to continue.
Reduction of public-expenditure has
become a most urgent necessity. All
possible methods of tightening the tax
burden are of first Importance to both
business and the individual citizen.
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-12-03
EVANSVILLE
Lutherans Are Happy

Members of the local Lutheran
church are rejoicing greatly that the
remaining debt of several hundred
dollars on the church contracted about
four years ago when basement and
social room was added and the re-
finishing of the auditorium, which
was ten thousand dollars, was cleared
and the mortgage notes burned on
Friday night after celebrating the
18th anniversary of the church in this
town. The affair was one in which
all joined heartily.
Annual Christmas Party
The annual Christmas party of the
Woman's Community Club was held
at the home of Mrs. Hayward Broad
water on Wednesday afternoon of this
week and which proved to be very
delightful affair.
Fieldball Team Entertained
Mrs. F. w. Baker and daughter en-
tertained at turkey dinner on Tues
day evening the Grantsville fieldball
team and their coach, Mrs. Spoerlein.
Mr.. Spoerlein was also guest.
Relief Benefit
Rehearsals are progressing for a
series of evening entertainments to be
given by the Grantsville Choral and
Dramatic Association for the benefit
of the relief fund. The first one will
be on Wednesday, December 9, at
8:15 o'clock in the Lutheran social
hall. with a program of two one-act
plays, a group of choruses by the
Choral Club and baritone solos by
Mr.. A. ]. Miller. Incidental piano
music will be played by Miss Mabel
Younkin. ..-.
Miss Delta CAN'T entertained the
members of the Lutheran Missionary
Society in the social room of the
church on Tuesday evening. A very
interesting meeting was led by Miss
Mary Miller, the topic being "Alas-
ka,"