davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
HISTORY INDICATES
UPTURN IN BUSINESS
World Believed Near Enough to
Economic Equilibrium to
Permit Advance.

The world is near enough to a state
Of economic equilibrium to expect a
turn in business and the stock market.
This opinion is expressed by J. H.
Lewis Of Goodbody &, Co, who delves
into former depressions to show that
what further adjustments may come
might well get under way after busi-
ness has started slow recovery.
1T Is to be remembered" SAYS Mr..
Lewis, that not all of the adjustments
are completed before business or the
stock market turn upward Thus in
1921 to 1922 the low point in rents was
reached about II months after the low
for business and about eight months
after the nadir for stocks. and the
same was true of wages in comparison
with low points for business and stock
prices in that period
Now wholesale prices are back to
1914 levels, retail food prices to the
1915 levels, clothing to the 1861
level; rents are the lowest since 1920
cost of living since 1918. purchasing
power Of the dollar is the highest since
1915 and wages the lowest since
1928"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
OIL PRODUCTION MORATORIUM
SUGGESTED AS INDUSTRY AID

ing discomfort, of course, to producers
dependent entirely on immediate sales
from small producing properties. So
far as the industry as a whole is con-
cerned they will have a Statutory effect
They will force reduction in output to q
degree which no amount of proration
agreements has been able to bring
about. New drilling has undergone a
striking decline
Gasoline prices also have suffered In
Texas and Oklahoma Gasoline is SELL
irS wholesale at less than cents at
tank-car market, and has been as low
as 2 cents a gallon. Gasoline price re-
duct.ons are spreading throughout the
country. but in some sections prices
have withstood the pressure Of declining
crude prices.
A rerercussion OF the drastic crude
Oil price cuts is the indefinite extern
sion by the principal importing com
panies CT their agreement made with
Secretary Lamont of the Department
Of Commerce to restrict imports. This
agreement expired today, but by COM
mon understanding that restriction will
hinge on changes in the domestic pro-
duction and price situation
Import restrictions came about at the
urgent request of the small operators
and royalty men OF the Southwest. who
held that curtailment Of output at home
was being nullified by imports of oil
A reduction of Is per cent was agreed
upon by Standard Oil Of New Jersey.
Pan-American Petroleum "a Standard
of Indiana subsidiary, the Gulf Oil
Co. and the Royal Dutch Shell organ
ization. Percentage of restriction was
based on 1929 imports. Figures for
June show imports of 1884, 600 barrels.
or virtually Is per cent decline from
year ago, indicating that the agreement
was adhered to.
Domestic Conditions.
Disturbed domestic conditions doubt
less have been the deciding influence in
import curtailment. The matter is set
out succinctly by an Official of Pan
American, who says that his company
will maintain the spirit Of the agree
ment and that "our imp :rts will be
consistent with the general welfare of
the industry. AS far as possible they
will be held down to the basis of the
original plan. but the agreement with
Secretary Lamont is a flexible one"
tCopyreht, 1891
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
Battle for Millionaires.

Deauville and LIE Touquet, prominent
Fairgrounds of the rich in France, are
staging a battle for the favor of mil
lionaires of other countries. LIE Touquet
has been campaigning hard and has won
the lead by its golf course. Deauville
has just fired q blast in opening lux
urious sl,40O 900 hotel with $50 rooms
and the most attractive golf course in
France. 1t was built by M. Andre, who,
as chief lieutenant to the late M. Cor
nauche, built up Deauville. Cannes and
La Baule and controlled SO restaurants
and a dozen hotels. La Touquet is ex
pected to counter with other improve
mentS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
Insurance Case Dismissed.

RICHMOND, Va. July IL P,.-Pro-
ceedings were dismissed today by the
state Corporation Commission against
the Security Lie Insurance Co of
America. under a decision that the
capital structure of the company was
in satisfactory condition
The proceedings we're instituted
against the company. which has head
quarter in Chicago, after the commits
sion had received reports of impaired
capital. Testimony centared chiefly
about valuations of stock of two affili-
ated companies, the Intersouthern Life
Insurance Co. and the Northern States
Life Insurance Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
Radio for all Policemen.

To fight the serious and growing auto
bandit menace in England a committee
of police chiefs and radio experts re-
Gently met in London and outlined a
system by which every policeman in the
country will be equipped with a pocket
radio set. This will keep all officers in
constant touch with headquarters as
they patrol their beats. An electric
buzzer. carried on the outside of the
tunic, will warn them when they are
being called and small earphones will
enable them to receive messages. 1t is
expected that within the next few
months all English police forces will
have their own broadcasting stations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
BOND PRICES MOVE
IN NARROW RANGE
German Issues Drop Lower
as Further Selling Pressure
Develops.
BY ALEXANDER HENDERSON,.
Associated Press Financial Writer.


NEW YORK. July 1.-THE bond
market today was typical Midsum-
mer srlufv session affair. Trading was
quiet and prices fiucouated narrowly
without definite trend in most groups.
No sales of any kind occurred in
large number of bonds, many of which
are normally active.
Nevertheless there were some inter
esting developments. German issues
continued to reflect selling pressure
The 513s of 1865 were probably the
most active bonds of the whole list
with sales approximating 100000 at
par vahe. These bonds lost about 3
points. The Is of 1949 receded about
] point on a much smaller turnover
other German obligations were lower
also. Reichsmark exchange weakened,
being fractionally higher than the 1881
bottom level
Brazilian 61as of 1s26-57 showed
outstanding strength and the course of
other foreign obligations was Irregular
IL but narrowly higher. The quiet
trading in most of this and other
groups contributed to the narrow fuctu-
atoms.
A few industrial loans made good
gains. such as international Match IS,
GOODYEAR IS of 1857 and Chile Copper
S. The market in them was so dull.
however. that the total sales in large
number of issues was confined to single
minimum transactions.
Public Utility and railroad obliga-
lions were more active than the in
dustrials, but the net changes were
unusually small and few and they
lacked a definite trend. The same de-
scription was true to a greater extent
Of the loans of the United States Gov
eminent.
Atchison 412s. Lautaro Nitrate IS
and Loew's 6s of 1941, made moderate
gains among the stock privilege issues.
Kreuger & Toll SIS, General Theater
Equipment IS and International Tele
phone 4l9s moved in the opposite di-
rection.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
Compulsory Irish Slow.

That the Irish Free States plan Of
enforcing the use of the Irish language
in the public schools IS hampering edu-
cation and handicapping the rising
generation is the charge made in the
annual report of the Free State min
istry of education which has just been
issued. "Otuside the Irish-speaking dis
tricts." the report says, 1.-The progress
in the use of Irish as a medium of in
struction is slow. This is not be Won
dered at. as only about one-fourth of
the teachers are really competent to
give such teaching and large proper
ton of these is maSsed in the Irish
speaking areas" The report adds that
English appears to be we'll taught.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
CRUDE OIL PRICES CUT.

PITTSBURGH, July IL (P)-Leadina
purchasers Of Pennsylvania grade crude
oil today announced that prices had
been cut from to Is cents a barrel,
bringing them to levels that have not
prevailed since 1915.
Pennsylvania grade in national transit
lines was reduced Is cents to S135, in
Southwest Pennsylvania lines to s120;
in Eureka lines to S1.10. Corning grade
in Buckeye lines was similarly reduced
TO so cents. Pennsylvania grade in
Buckeye lines was reduced 5 cents to
95 cents. Other grades were unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
IN this country amounted to $4,000

in this country amounted to $4,000
900.
Mexico benefits far more from
American tourist expenditures than
any other foreign country except
Canada, unless payments to British
vessels be included In the estimate
for the United Kingdom" the de-
partmert said.
THE 1929 estimate Of expenditures
by Americans crossing the border was
only $3s ,000, 900. The normal growth
In the trafic was checked that year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
Ages of 1873 Total 9,94s Years.

Members of the Ruchill Old Mans
Club of Glasgow. Scotland. recently
joined In an excursion to Lanark Loeb,
and on the way found that the COM
bined ages of the 1873 totaled 9,946
years. M. Mars. formerly dancing
teacher and now nearing the century
mark gave violin and dancing num-
her.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
NEW BUSINESS POLICY
BELIEVED ADOPTED
Special Dispatch to The Star.

H@bNS 1flI I1ISE1aN CII 20 IIIt SIM.
NEW YORK, July Acknowledgement
OF Americas solationist philosophy is
seen In the initiative taken by this
country In intergovernmenta debt sus-
pension. Payne Weber g. Co. say IN
their Semi Monthly Review, discussing
the probable future effects of this de-
velopment. 1T Represents a sharp re-
versal in our Governments attitude to-
ward world affairs" the bankers state.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12

by the disturbed political conditions
of the country. ''o-''
Some of the growth in 1880 re-
suited from recent roadbuilding In
Mexico and from energetic action of
Mexican ofncials and business men In
fostering this trafic."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
AMERICAN TOURIST BILL
IN MEXICO $50, 1O9, 600

American tourists spent S5s,l0e, 900
in Mexico last year This sum-" the
Commerce Department said, lis enough
to pay for nearly one-third Of Next
cos imports of merchandise from all
countries"
At the same time the department
said expenditures of Mexican tourists
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12

King George has sent q congratu-
latory message to c. w. A. Scott. who
broke the record by his fight from
Australia to England in 10 days %
hours.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
REPORT OF CONDITION
OF the
North Capitol Savings Bank

District Of Columbia City Of Waabtnston l4Z 81
/. p. HENRY COATES, cashier of the
above named bank. do Solemnly swear that
the above statement is true to the best OF
my knowledge and belief
p. HENRY CoATE1 Cashier.
subscribed and sworn 10 before me this
18th day of July 1881
tSealj REBECCA NJ SMITH
Correct-Attest:
CHARLES w FLoEcKHER.
ALLEN HOLLANDER,
JOHN A. ECKEPT,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
EARNINGS REPORTED.

NEW YORK. July IL LP,.-Per share
earnings of corporations reporting this
week, with comparisons with last year,
include:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12

CHICAGO DAIRY MARKET.
CHICAGO. July II GR-Butter.
1884: steady: prices unchanged. Eggs
1924 firm; prices UNCHANGED.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12

rates as yen in the above the annual
las. p ean eSiF eeus sPqs ~ sPsk Pa
oeE Phys &c in stock Plus stock rus 81 esnt
no regular rate Plus $50 :" Aiu 'nS Sear-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-05-04

Stocks Of crude rubber in London or
Nay 2 totaled 565i2 tons. an increase OF
$50 tons over preceding week. Liverpool
stocks totslsd 51.926 tons. a decrease OF
III tons from preceding week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-05-04
TIL, |. AND {. IN
BOARD HEARING
Protests Lacking, Receiver
Asks Abandonment.

Although hte mayor, city attorney
ana chief Of police of Terre Haute
appeared at the hearing, no protest
was entered against the pronosed
abandonment Of T. H, I. & E. trac-
tlon service on lines between Terre
Haute and Sullivan and Terre Haute
and Clinton.
Iodays hearing was held for the
public service commission bv Chair
man John w. McCardle, with Hsrr1S
K. Cuthbertson, new commissioner
sitting in.
abandonment of these lines al
ready has been approved BY Marion
superior court five. The Sullivan
line IS twenty three miles and eli
ton thirteen miles long.
Elnert Stout is receiver and in
tsltuted the abandonment proceed-
lngS. David z. Watson, president OF
the company and manager for the
receiver, and other officials. testifed
That the lines can not he Operated
az a profit and that business de-
creased between 70 and 80 per cent
during the last decade.
McCardle will write the order an
proving abandonment shortly If was
believed. " 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-05-04
Deaths

james N. stuck. 81. 1914 carrollton.
:, chTistopher S. zigler So, 1856 North
Olney. pulmonary tuberculosis.
Emma Elizabeth Messner. a. st. Vim
cents hospital. cardio vascular disease
Gabriel Fakas. 80. 775 Concord, pull
Samantha stYies. So. l25 west Twenty
fourth. chronic nnyocarditis
asher P. Howard. 70. 2es Trovbridge.
joel Larkin Young. ST. 1922 Montcalp
angina pectoris
Elmer Madiev. (. city hospital cerebro-
spinal meningitis.
Matte I, Metzger. 6s. city hospital. dia-
betes mellitus.
F. watson Cox. 4s. city hospital. cere-
charlss Denker, 7s. 1888 South State.
broncho pneumonia.
Mamie l. Kiilgus. Ct. 1905 Fletcher.
chronic nyocarditis
andrew Brown, i. ss4 North Belmont
pulmonary tuberculosis.
mnnary tuberculosis.
Thomas A. BLACKWELL. "a. city hospital.
cerebral hsmorrhage,
John z. .Hornbeck, SO. city hospital. Lid
wigs angina.
fractured skull.
tariun. broncho pneumonia
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-05-04
SHARP INCREASE
IS RECORDED BY
AUTO FACTORIES
Production Now at HIGHEST
Levels Since Last
June.
BY RICHARD L. GRIDLEY
United Press Financial Writer

NEW YORK, May 4-Automobile
production in the United States is
currently running at the highest
levels since last June on the basis OF
April output statistics of the princi-
pal companies.
Latest estimates place April pro-
duction for the industry at 355, 600
cars and trucks, the smallest April
since 1922, and 1871 per cent under
the corresponding period Of last
year, but an increase of 1875 per cent
over the March statistics.
Production has shown successive
improvement since the closing
months Of last year, and while cur
rent business largely represents sales
Of the lower priced cars, the steady
gains in output are interpreted as
important long term influences in
general business activity.
Despite the general pickup in sales
and production, some companies are
not sharing in the general improve
ment. Chevrolet has made further
inroads into Ford's leadership with
April sales Of 106,096 units, com
pared with 1868 in March and
within only few thousand Of tbs
output in May, 1880, the largest pro-
duction month of last year. To-
gether with Ford, these companies
currently account for about 70 per
cent of the present output.
Many Gains Made
Some Of the smaller companies
have made extensive gains, how
ever. Auburn and Cord April ship
ments at 6,0o3 units set a new
monthly high record for the COM
pany and compared with output OF
2,066 in the like months of last year
Shipments of the company for the
first four months of this year, like
wise, set new high record at 49,
1913, against GILT in the correspond
ing period of last year.
Other makers Of high-priced cars
have met with unusual success
Cadillac and La Sale April ship
ments were 2,603 cars, against
1882 in March and 1851 in April
1880.
In the medium priced field, Buick
continues q leader. April sales OF
these models were 1889, against
1850 in March and 9,601 in April
1880. Hudson and Essex reported
April sales at 20 per cent over
March to a total OF 10000 cars, the
largest month since last June.
Near Future Bright
In addition to the generally sat
isfactory trend of motor car sales
since the start of the new year
automobile executives are pleased
over the near future prospects. The
industry feels that the usual spring
buying season will be better sus-
tanned this year because many man
ufacturers have agreed not to re
place existing lines until the latter
part of the year.
Estimates of probable 1881 output
Of motor vehicles continue to vary
greatly, but it is believed that earlier
forecasts Of as high as 100000 units
will not be fulfilled. Most author
tiles now place the possible produc-
ton at approximately three million
cars, a slight decrease from 1880
Later months of this year are ex-
pacted to take up much of the loss
from year ago suffered in the first
four months OF this year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-05-04
DOW-JOneS
Summary

Stocks Of crude rubber in London OF
Nay :. totaled ss.5i2 tons. an increase o:
$40 tons oyer preceding week. Liverpool
stocks totsled 5l.926 tons. decrease OF
III tons from preceding week.
Sugar melt Of fourteen United States
i265o60 long tons against i4so, 900 tons
in 1890 period Deliveries were 1890. 00c
tons against 100000.
New York cables opened at 4.ss I1-s2
dam. 1867; italy 1896; Berlin. 2O.z25.
Sinclair oil & Gas Company has been
denied Injunction to permit larger allow
able flow from Oklahoma City oil field
BY federal court.
Anaconda Copper Mining Company and
subsidiaries for 1880 net Sl8.562.275 after
charges and taxes. but before reserve for
inventory, adiustm rs. etc. against $685.
lis, 729 in 1929.
Southern Pacific system in 1880 earned
Ss24 share against sl2-74 IN 1879.
PhiIadelphia Company twelve months
ended Feb. 2s, total income before de.
probation. s3l.42l,4ol against s32,75s,71s
in previous twelve months.
Northern States Power twelve months
ended Feb. g, total income before depre-
preceding twelve months.
Oklahoma Gas and Electric twelve
months ended Feb. %. total income be-
fore depreciation S64S7.i40, against 81
l27522 in previous twelve months
virginia Electric and Power Company.
including subsidiaries. March balance
s640. 1877. against $500. 1877 in March. 1890:
twelve months balance after taxes and
charges. but before depreciation. s5.e77, 645
against s6,o14.5al.
Standard Gas and Electric Company and
%. total income before depreciation s74,
months.
motifs ended Feb g. total 'i income before
depreciation, s5,832.291 against $500 ,666,
preceding twelve months.
Mountain States Power twelve months
ended Feb %. total income before de-
probation 1882 29l. against S1,36e.1l In
previous twelve months.
Southern Colorado Power twelve months
ended Feb %. total income before depre-
citation. sl.o40,143 against 81, los.743 in pre-
cedlng twelve months.
Gasoline tax. revenue in 1880 increased
Gasoline up Sh per cent.
New York Stock Exchange member Dor
rowing declined $257. 652. $40 in April to
Sl.e5I.I 1924. new low record: year ago
SIS. 063 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-05-04
The City
i'm Brief

Y. NJ. c. A. GIee Club win repeat
its minstrel show in Central audi
forum at Tuesday night.
Judge Frank P. Baker of Marion
criminal court will speak at the
Wednesday luncheon of the Lions
Club at the Lincoln.
Members Of the Butler basketball
team will sponsor a lecture on
South Africa by Mrs. Demarchus c.
Brown in Arthur Jordan Memorial
hall at 8 Wednesday night.
Double quartet Of WiIberforce
university for Negroes, xenia, O..
will appear in a recital at Bethel
A. NJ. E. church at 8:15 THURSDAY
night, under sponsorship of Bethel.
st. John and Allen Chapel a. NJ. z
churches.
DR.. Edmund Andrews, associate
professor of surgery. University of
Illinois College of Medicine, Chi
cago, VIII speak at meeting of the
indianapolis Medical society at SIS
tonight in the Athenaeum.
Election Of Felix NJ. McWhirter
president of the Peoples State bank
as a member Of the finance COM
mlttee Of the Chamber OF Com
merce OF the United States, was
announced in message from Wash
lngton today.
Frederick E. Schortemeier, former
secretary of State and possible can
uoaCe for the G. o. P. nomination
Tor Governor, Will be the principal
speaker at the Irvington Republican
Club meeting tonight.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-05-04
NEW EXPRESS BUS
SERVICE ORGANIZED
System to Be Largest in
Operation East of the
Mississippi.

NEW YORK, May 4.-Consoli-
dalton Of twelve major bus trans
portation systems, serving the cen
tral Atlantic and New England
states and territory as far west as
Chicago, having connections with
other companies to cover the re-
naainder Of the country, was an
nounced today by William H. Van
derbilt, president Of Coastal Tran
sit Company.
The new organization, The Short
Line System, will compromise the
largest trunk line bus system east
Of the Mississippi. The company
will operate 100 BUSES over a total
of 1856 miles.
Features Of the new organization
include a through trancontinen-
tai service from Portland, Me, to
Norfolk and express services to
Philadelphia.
Joint Ticket Agencies
Buses Of the groups consolidated
into the new system will be painted
in standard colors, will operate with
Joint tickets and timetables, and
will share terminals.
The system comprises the follow
ing companies:
Great Eastern Stages, Inc, op-
Grating interstate lines between New
York, Buffalo, Cleveland, Detroit
and Chicago; New York, PhiladeI-
phia, Baltimore, Washington and
Norfolk; Philadelphia, Scranton and
the west; Washington, Pittsburgh
and st. Louis.
Boston, Worcester & New York
Street Railway Company-Inter-
state between New York and Bos-
ton, and between Boston and Wor-
cester.
Adirondack Stages, between New
York, Kingston, Albany and Sara
nae lake.
New Short Lines
Blue Club Coach Lines, Inc, be-
tween jersey City, New York,
Bridgeport and New Haven.
Coastal Transit Company-A unit
Of short lines, including the follow
ing operations:
Bridgeport & Waterbury Passen-
ger Service, Acme Lines, between
Worcester and Putnam, Conn; Con-
lin Bus Lines, interstate between
worcester and Springfield, Mass.
Yankee Lines, interstate between
New York and Haverhin, Mass.
Short Line, Inc, interstate and in
trastate between Newport and Provi-
dence; Short Line Boat Line, be-
tween New London and Block Is
land. Conn; Short Line Stages
Inc, between New York and Albany;
Chester Valley Bus Lines. Inc, be-
tween Wilmington and Washington