davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
FRACTIONAL DECLINE
IN WHOLESALE PRICES
Only Two of Fourteen Groups
Showed Gain During Week-Five
Commodities Unchanged.

A decline Of fractional points was
shown in the weekly wholesale price
index Of the National Fertilizer Asso-
citation for the week ended April A. This
decline follows a loss of 3 fractional
points during the preceding week and
decline of l fractional point weeks
ago. The index number on April
stands at a new low. TAB, compared
with 75.9 a month ago and 9l.8 at this
time year ago.
Only of the II groups in the index
advanced during the latest week Grains,
feeds and live stock advanced. l full
point, while the index number for fer
tilizer materials advanced fractionally,
due to the rise in the price of cotton
seed meal. Seven groups declined.
The greatest loss was shown in the
fuel group. This group includes petro-
leum and gasoline. in addition to coal
and coke. Rather drastic reductions
were noted upon the announcement of
new coal prices at the beginning of
April. The other groups that declined
during the latest week were textiles,
fats and oils, other foods, metals, chem
icalS and drugs and miscellaneous com
modities. The declines In these six
groups were only fractional Five groups
were unaffected during the latest week.
Prices for 25 commodities showed
losses during the latest week, including
tallow. family pork. dried beans, can
ned tomatoes and peaches, cotton, corn,
silver, rosin, petroleum. coal, methanol,
calf skins, coffee and rubber. Advances
were shown in the prices for % COM
modities, among which were cottonseed
oil, eggs, dried fruits, cattle, hogs, sheep,
cottonseed meal, burlap, hemp, wheat,
barley and silk.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08

potatoes, barrel, 2.00a4.oo; yams, bar
rel, 3.00a400; beans, bushel, 2.0oa4 90;
beets, crate, 2.0oa2.25; cabbage, ton,
18.00a20.O0; carrots, nushel. 40a65;
caulihower, crate, 1.50a2.00; celery,
crate, 275a3.75; eggplants, crate. 25Oa
$50; kale. bushel, 1OOa1.25; lettuce
hamper, 1Ooa2 90; lima beans, 5.O0a
700; peppers, crate, 2.Ooa5 so: parsnips,
bushel, 80a100; spinach, buShel, 50a
100; tomatoes, crate, 100a5.00; tur-
nips, bushel, 50a1.5O; apples, bushel,
60a2.00; per box, 1.25a2.25; grapefruit,
box, 1.50a2.75; oranges, box, 2.75a42 rs;
strawberries, quart, 20a35.
Dairy Market.
Poultry, alive-Ch Chickens, young, goa
40; old hens, 22a26; LeghornS, 20a21;
ROSTERS, 13a16; capons, 32a40; ducks,
18a27; guinea fowl, each, 50a75;
pigeons, pair, 30a35.
EggS-Receipts, 1910 cases; nearby
firsts, dozen, 2O1a: current receipts, 20.
Butter-Good to fancy creamery,
pound. 26a30; ladies, 22a23; rolls, 18a
20; process, IS; store packed, 16a17.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
POWER BOARD RULING AFFECTS
VARIOUS UTILITIES PROJECTS

of the New River Is one for the courts
to decide, the fact that the river is
the principal tributary of the Kanawha
River, which in turn is one of the prin-
cipal tributaries of the Upper Ohio,
means that any project constructed in
the New River would affect the inter-
ests of interstate and foreign commerce
Commissions Finding.
The commission unanimously held,
therefore, that it has complete juris-
diction and that the Appalachian COM
pany cannot proceed with its plans
until it has secured from the commits
sion major license" which would
include positive control over the COM
pany,s financial affairs, its valuation,
recapttlre of excess earnings and limit
of so years on the leaSehold.
If the commissions position Is finally
sustained, it will mean that complete
Federal control will be exercised over
practically every hydro-electric develop
ment in the country, as every stream
capable of such development, whether
navigable or not, is the more less di-
rectly tributary to a navigable river.
Copyright. 1e31)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08

This is the first of a series of arti-
cleS discussing the application of in
yestment principles to present-dsy con-
ditions in business and IN securiticsJ
Before any intelligent investment
program can be formulated it is neces-
sary to take into account the general
situation in business and in finance.
It is true that the principles Of inYest-
nent do not change, but it Is equally
true that their application is modified
by the stage of the business cycle. AS
every one knows, we are in the midst
of worldwide depression comparable
in intensity to any seen in generation.
Commodity prices have suffered the
most drastic slump of which there is
any record, and securities have been
subjected to a dedation which, con-
sidering the high level at which it be-
gan, was also unprecedented. There is
some reason to believe that the low
point of the depression has been reach
ed, if not passed; that commodity prices
are now near a sterilization level, and
there has been some recovery In the
stock market Nevertheless the three
situations named are still the salient
features the meaning and significance
of which investors have TO weigh before
entering into any commitments. AS
direct result Of this business reaction,
commodity price decline and stock mar
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
BY GEORGE E. DOYING.

The Federal Power Commission, now
less than four months old in its pres
ent organization, already has stirred
up a second storm through its action
upon the application of the Appalachian
Electric Power Co. for a minor part
license to proceed with an 81 100000
hydroelectric development on the New
River in Virginia.
The commission, charged in the first
outburst by Progressive members of the
Senate with being tool of the power
trust" now has ruled not only against
an important utility directly, but infer
entially against other projects in pros
pect, as well as against the contentious
of five States that Virginia should be
left to control this particular develop
mert.
Pinchot View Favored.
On the other hand, the immediate
ruling is in accord with the position
taken by Gov. Pinchot of Pennsylvania
and the popular Government League,
both contending that the Federal Gov
eminent should assume full jurisdiction.
The first furore caused by the COM
mission is about to &C on trial In the
courts, though this action has been
concentrated upon its chairman. George
Otis Smith, as a result of the dismissal
of Secretary Bonner, Solicitor Russell
and Accountant King Immediately upon
reorganization of the board late in De-
cember This action so stirred some
Senators that they demanded of Presi-
dent Hoover that he return the nomt-
nations to the Senate, Notwithstanding
they had been confirmed. Upon the
Presidents refusal to accede to this
demand the Senate instituted action to
GUST the chairman, after going through
the form of recalling and then reject
ing his confirmation.
Now the Appalachian case Will take
the commission into the courts to de-
termine whether its powers extend to
electric developments on stream that
itself may not be navigable-the COM
mission refused to decide that point
but which is tributary Of river that
is navigable.
Has Spent 100000.
The power company and the States
of Virginia, West Virginia, KENTUCKY,
Tennessee and Arkansas contended that
the New River is not navigable and
that only a minor part" license, which
does not involve full Federal control,
should be issued. The two VirgintaS
were particularly active in the case, be-
cause the development is planned in
one State, and the Kanawha River, into
which the New River flows. runs
through the other. The other States
joined the proceeding because of the
principle involved, and Gov. Pinchot
came in for the same reason, but with
an opposite viewpoint.
The Appalachian company already
has spent about So, 000, 900 on the project.
The Union Carbide Co. has expended
considerable sum further down the
stream, and this probably will be af-
fected by the commissions holding.
The commissions position Is that
while the question of the navigability
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
CURB ISSUES MOVE
IN NARROW RANGE
Market Points Higher at the
Opening, but Gain Brings
Out Selling.
BY JOHN A. CRONE.

Epecial Dispatch to The Star.
NEW YORK, April 8-Resuming the
rally in evidence at Tuesdays close, the
Curb Exchange opened higher today
only to react during the first hour.
When offerings failed to increase prices
again showed some improvement.
Public utilities led the rally, with
Electric Bond S5 Share heading that
group. Cities Service opened lower, but
recovered its early loss. Prospects of
some tangible, constructive development
coming out of the Washington oil con-
ference maintained the prices of oil
shares.
Great Atlantic & Pacific Tea, which
did not appear on the tape until few
minutes before the close Tuesday, be-
latedly responded to its favorable 1880
earning statement. Aluminium Co. of
America opened up 6 points in response
to reports that the new alloy plant had
received an order for 100000 pounds
of aluminium sheet. The new plant in
Alcca, Tenn, soon will be able to main
tain capacity production schedule.
Weakness in Fox Film Corporation on
the big beard was mirrored in General
Theaters Equipment preferred, which
declined about 5 points in forenoon
dealings Fox Theaters A stock was in
active. National Screen and Trans-Lux
eaSed
Some CT the investment trusts early
encountered selling. This group includ-
ed Tri-utilitieS, which broke to a new
low for the year; Continental Shares B
and the convertible preferred, both of
which entered new low ground, and In
sull Utilities.
Neisner Bros. Preferred dropped
points to a new low for 1881. zonite
Products sold off nearly a point on the
proposal to change stock from 81 par to
no par. enabling a capital reduction,
which in turn would permit the writing
of of patents and good will
Appon"ug Co. again was one of the
mos active textile issues. This stock in
a few weeks has risen from 54 to more
than II following publication of its
1880 earnings. Traders today heard the
stock v-uld be split three for one,
though the dividend rate on the new
stock YVES not mentioned. Allied Mills,
TubiZe and other textiles were active,
but disp- aged mixed price trends.
Lone Star Gas duplicated its previous
minimum mark, presumably on disap-
pointing 1880 profits.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
Washington Produce

Butter = One-pound prints, 34a35;
tub, 321aa33h.
Eggs-Hennery. %; current receipts,
20a21.
Poultry, alive-Turkeys, young toms
and hens, 32a33; old toms, %; Spring
broilers, 38a40; Winter chickens, 3Oa33;
hens, heavy, 24a25; light, 22a23; Leg
horn hens, 20; rooSters, 12a14; ducks,
Is; keats, young, 75a80; old, 40. Dressed
Spring broilers, As; Winter chickens.
38a40; hens, heavy, 27a28; light, 25a26;
Leghorn hens. 22a23; ROSTERS, 15a16;
keats, young, 80a90; old, so.
Meats-Beef, 1315a15l2; veal, Halls;
lamb, 10; pork loins, 19a2l; fresh hams,
10; fresh shoulders. IA; smoked hams,
81; smoked shoulders, IL; strip bacon,
81; lard, in bulk, IL; in packages, IL.
Live stock-Hogs, heavy 7.25a6.00:
medium and light, 8.25a8.50; pigs,
75Oa8.25; loughs, 2OOa6.O0; Spring
Fruits-Strawberries, ISAAC; choice,
so; oranges, Florida, 3.75a4.5O; Cali
fornia, 3.50a5.20; grapefruit, $50;
lemons, 4.50a6.25; lines, per 100, LISA
200; grapes, Argentina, 3.50a400;
apples, bushel baskets, 1.00a2.25; box
stock, 2.25a3.00; pears, 4.50; rhubarb,
rs; pineapples, 4.50a5.00; honeydews,
Argentina, 2.50a2.75.
getables-Potatoes Maine and New
York, 120-pound sacks. ITS; Idaho
bakers, 100-pound sacks, 2.75; Florida,
new. per bushel, $780, sweets, Nancy
Halls, per bushel, $50; reds, 1.25a1 so;
caulihower. 1.75a2.00 mushrooms, 50a-
80; squash, $50; eggplant, 4.50a5.00;
asparagus, South Carolina and Georgia,
1.75a3.50; string beans, 2.50a4.50; limas,
Cuba, 4.50a5.00; Florida, 6.00a6.50; GU
cumbers, Indiana hot house, per dozen,
1.75a2.25: tomatoes, tl1ree-pan contain
ers, 250a3.50; peppers, 200a5.50; car
rots, per crate, 2.75; beets, per crate,
2.75; turnips, punched, per crate, 2.75;
kale, 1.00a1.25; spinach, LOCALES; okra,
per pan, 100; lettuce, iceberg, 3.5oa4o0i
EloFida . IN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
ket deiation money rates are extremely

ket defation money rates are extremely
low.
The first inference to be drawn, ac-
cording to all the orthodox teachings of
investment authorities, would be that
this is the time to buy fixed interest
bearing securities responsive in market
prices only to money rates-in other
words, high-grade bonds. If the pro-
ceeds Of the coupon on a bond will buy
more goods the bond is worth more
money, and, therefore, in periods of
falling commodity prices an advancing
bond market Is the normal result. Sim
larly, when money can be borrowed
for less than the return on the security
at the market price purchase Of the
security is bound to be profitable, pro-
Wded the grade of the investment does
not deteriorate. This, however, does
not help us very much. For one thing
the investing public is still stock mind
ed, and 1t is not at all certain that
what ought to take place will take
place, 1t is safe to say that no loss
will result from taking the conserva-
tive course, but that is about all. In
order to reap the most benefit from
existing conditions we must go a step
further.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
100000 AUTO OUTPUT
PREDICTED FOR YEAR

BY the Associated Press.
SOUTH BEND, Ind, April ca. r.
Erskine. president Of the st, debaker
Corpora ton, in an address before the
South Bend Chamber of Commerce yes
terday, predicted that the automobile
industry in this country would make
100000 cars in 1881 and 1000 900 In
1882, exclusive of exports.
The Studebaker payroll during March
was 100000 week, he said, and during
April it will be $500 The April
orders so far exceed by II per cent
those Of the same month last year, Mr..
ErSkine said
He also said that the corporation had
made $500 loans to it's employees out of
work during the Winter.
These totaled $117,500 and all but
$31 900 have been repaid
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
HEADS MOVIE PRODUCERS

HOLLYWOOD, Calf, April (P).-
Louis B. Mayer was elected president
Producers, Inc, at the annual meeting
of the organization yesterday. He will
succeed Cecil B. De Mile, who had
served three years.
Fred w. Beetson was elected execu-
tive vice president and secretary-treas-
urer; Jack l.. Warner, first vice presi-
dent, and Joseph I. Schnitzer, second
vice president.
Will H. Hays, president Of the Motion
Picture Producers and Distributors of
America, parent organization of the
producers association, was present.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
OIL DEVELOPMENT WORK
TO STOP IN COLOMBIA
By the Associated Press.

BY the Associated Press.
NEW YORK, April 1.-Two Amer
lean oil companies which have large
interests in Colombia have decided to
halt all development work on their
holdings, pending further revision Of
the oil laws to which they object
The Texas Corporation, which has
title to 800, 900 acres, announced pub
licly in Bogota that it would suspend
operations.
The Sinclair Consolidated Oil Cor
poration, also a large land owner, like
wise has decided to halt work on its
Colombian oil lands, it was said at the
Offices Of the company today. While no
public announcement of policy has
been made by Harry F. Sinclair. chair
man, he has notified the Colombian
government that he cannot operate I'M
der the restrictions of the oil laws. The
Sinclair Corporation operates in South
America through the Venezuelan Petro-
leum Co., which it controls.
Colombia only recently revised its oil
laws. The new statutes were drafted
last Winter and were promulgated for
mally March 6. They will go into effect
within so days Of official publication.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
New York Cotton

Special Dispatch to The Star.
NEW YORK, April 8.-Cotton prices
dropped another to 10 points at the
opening OF the market today. There
was a heavy accumulation of overnight
selling orders, both from abroad and
from shorts, who believe that current
crop statistics warrant cotton prices
under 10 cents.
Opening prices we're: May, 1927, of
5; July, 10.48, off Z; October, 1880, off
9; December. 1103, of Z; January,
lilo, of 10, and March, 1929, of 8.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
ELECTRICITY OUTPUT.

NEW YORK, April 8 (P).-Production
of electricity by the electric light and
power industry for the week ended April
showed a slight decrease from the
previous week The week, which in
cluded the Good Friday holiday, showed
total output Of 1872, 100000 kilowatt
hours. The total was 1.6 per cent below
the figure for the corresponding week Of
last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
CANTON CO. ELECTION.

BALTIMORE, April 8 Especially -
The Canton Co. Of Baltimore and its
subsidiary, the Canton Railroad Co., at
their annual meetings yesterday named
o. H. Nance as president of both COM
panies.
Mr.. Nance, who is also president of
the Maryland and Pennsylvania Rail-
road Co., succeeds Walter B. Brooks,
who declined reelection.
The stockholders also elected to the
board of directors of the Canton Co.
two new directors, s. H. Ogden of Phil
adelphia, vice president and treasurer
Of the Pennroad Corporation, and John
NJ. Nelson, jr., president of the Nelson
Corporation Of this city, to succeed
James G. Colgate of New York, and the
late John D. ProbSt of New York. All
other directors were reelected.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
Resignation Rumor Denied.

NEW YORK, April 8 dP.-Persistent
rumors in the film trade that Sidney r.
Kent, vice president Of Paramount-Pub-
lix Corporation. is to resign to become
general manager of the Fox Film Cor
poration, were denied at Mr.. Kent's
ONCE today. Mr.. Kent was quoted as
saying, There is no truth to that
story"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
PARIS BoURsE PRICES.

PARIS, April (P.-Price changes
we're irregular on the Bourse today.
Three per cent rentes, 88 francs go CEN
times; 5 per cent loan, l04 francs 55
confines.
Exchange on London, 124 francs
23M confines. The dollar was quoted
at Is francs 56l1frentimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08

The net result is a well-calculated territorial
Investigation that successfully avoids sec
tional fluctuations in prosperity.
Among principal points served with gas
or electricity, or both, are a number of lead
ing cities, "a with populations over 50, 900.
Included are Seattle, Wash; Portland, Ore;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, Md, April 8.-Po-
tatoes. white, 100 pounds, l25a2. 90:
new potatoes. barrel, 6.5oa9.oo; sweet
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08

Old-fashioned thieves stole a horse
and wagon, with more than 100 whisky
cases, in London recently. only to fiod
later that the bottles were empty.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
THE CENTRAL PUBLIC SERVICE
SYSTEM is a nation-zvide systeu
bmH BY the careful acquisition Of
hng-estabhshed utility successes

One member of this nationwide family is
the Mobile Gas Company, third Oldest gas
company in America. Others, among them
the Atlanta Gas Light Company, date well
before the War between the States.
Its Portland General Electric property,
in operation ~ years, and its 58-year-old
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
RIGHTS-EXPIRE

RIGHTS-EXPIRE
q 4 Ford Mot Ltd Apr IL 218 n u
Dividends rates in dollars
EEK dividend fParty tPlus
in cash stock. Payable eAdiustment dividend
fPlus cent in stock Plus
cent in stock Plus per cent
in stock m Plus stock
Paid last
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
SILVER QUOTATIONS.

NEW YORK, April 8 (P).-Bar silver
quiet and steady and Il higher at 271s
Buying for China gave the market a
slightly healthier undertone.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
NEW YORK CURB MARKET

Note-An stocks are sold In hundred share lots
excepting those designated by the letter (80s) (250s
which shows those stocks were sold In odd lots.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
Buying for Profit
BY GEORGE T. HUGHES.

This is the first of a series of arti-
cles discussing the application of in
yestment principles to present-dsy con-
ditions in business and in securiticsJ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08

Atlanta, Ga; Rockford, ILL.,;
Roanoke, Va; Mobile, Ala;
Charleston, S. c.; Manila,
P. l.; Port Arthur, Texas.
1t is significant that in the
past five years the Central
Public Service Corporation-in
revenue, holdings and number
of stockholders, now more
than 65,ooo-has become one
of the major units in the pub
lie utilities industry.
Complete facts concerning
the Central Public Service
system are readahIv nreSented
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08
BONDS.
10
BY the Associated Press.

Copyright. 1881. Standard Statistics Coz
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08

in a 32-page book soon off the press. This
book, including number of highly interest,"
ing charts, tells story ofremarkable growth.
Write foritto: Central Public Service Corpora
ton, 224 South Michigan Avenue, Chicago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08

ww--With warrants.
xw-Without warrants.
New.
vi-When issued.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-08

Seattle Gas Company are by
comparison lusty youngsters.
Thus the foundation upon
which the Central Public
Service System has been built
is a thoroughly seasoned one.
Strategically centered where
population and industry show
greatest promise of growth,
enjoying modernized equip
ment and efficient group man.
agement, many of these long
established companies are ex-
ceeding all past performance.
suchcarefully considered
lines has Central Public Service
steadily expanded until it now
o84 communities in "a States,
of eastern Canada, z DEEPER
The Washington times., 1931-05-11
PUBLISHER DIES
SUDDENLY

CHICAGO, May II 0N.SJ.
Leaders in city, State and ma.
tional affairs today paid tribute
to the memory of Walter A.
Strong, AZ, publisher Of the
Chicago Daily News, who drop
ped dead from heart disease at
his home yesterday.
Mr.. Strong was stricken at his
mansion in Winnetka, a suburb,
after playing five holes Of golf
He is survived by the widow and
five children.
Besides being a publisher, Mr..
Strong was president of the
American Opera Company, chair
man of the board of the Adver-
tising Federation of America, a
director in the Audit Bureau of
Circulation, and a member of the
Illinois Bar Association.
Mr.. Strong was business man
ager Of the news for a number
of years before he succeeded the
late Victor Lawson, pioneer news
paper man.. as publisher. His
life was insured for $4,000, 900,
the newspaper being the bene-
ficiary.