davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19

cided exaggeration Of the actual domes-
tic boarding." Banks in many sections,
he said. have added substantially to
their vault cash, while net exports OF
American currency other than gold and
the fact that the closing Of banks has
reduced business In many communities
to cash rather than check basis
reduce the volume OF supposed boarding
considerably.
Raps Cheap Money Policy.
1.-THE history of England, in recent
years" said DR.. Anderson, sis a CLASH
cal demonstration OF the helplesSness
OF the cheap money policy in bringing
ABOUT good business when 1t is used as
substitute for general readiustment in
prices, wages and other costs, and
when it Is used to protect an infiexible
economic position. It has failed COM
pletely-and 1t has wrecked the gold
standard in England.
THE Bank Of England came into the
Summer of 1881 with its discount rate
at 2l2 per cent, despite the immense
quick liabilities of the British money
market to the outside world, despite the
limited supply in London of quick calls
on funds from the outside world, and
despite the limited supply of gold OF
49, 1SeSAA0 VA 1AAAE1AAA0s WHICH,, 1OltOWlI1R
the failure of efforts to check runs on
Austria and Germany, run on Eng
land began, the Bank Of England OBJ
tanned credits in New York and Paris
and raised its rate, first to 81 per cent
then to AZ per cent. When the FIRST
credit proved insufficient, second and
larger credit was obtained, but no in
crease was made in the Bank of Eng
lands rate. England abandoned the
gold standard with the bank rate at
Az per cent"
Even last Summer, DR.. Anderson said
the position could have been saved
had the rate been raised.
British opinion has been expressed
to the effect that the raising of the
rate would have done no good once the
scare was on. But this could hardly
have been the view of the British imam
cial authorities, since In that case the
credit could have done no good, and
tney would not have felt justified in
asking the help of New York and Paris
to the extent Of $3.50, OOO. 600"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
STEEL PRODUCTION
IS HOLDING GAINS
Trade Journal Says Output
Has Remained at 81 Per
Cent of Capacity.
BY the Associated Press.

BY the Associated Press.
NEW YORK, November without
much support from building construc-
ton and the railroads, and with buyinp
by the automobile industry less than
mas been expected, steel production has
held the gains Of the past three weeks
Tor the country IS a whole, being es-
timated at 81 per cent, or the same
as week ago, Iron Age says in its
weekly review.
increases in production" the review
says, ARE most emphatic at Cleveland,
where operations are at 40 per cent,
and at youngstown, where the rate is
IS per cent, these districts, owing to
the character of their finishing capacity.
having quickly reflected such improve
ment as has occurred in automobile
buying; but sharp decline to % per
cent has occurred in Chicago because
OF the lack of structural steel and other
heavy tonnage business. Some In
oividual companies are operating at 90
TO 50 per cent or even higher, but the
general average is pulled down by the
poor showing Of others.
However, II the present average rate
Is maintained to the end Of the month.
the November output of steel ineots'
on a daily basis, will show a gain of
1ully 10 per cent over that of October,
va Coh1IS ILle regularly downward move
ment since last March.
Whether December, traditionally n
month Of restricted steel operations,
Will continue or even maintain this
months upward trend is still uncertain.
Much depends on the volume of buyinR
BY the automobile industry, particularly
by the Ford Motor Co., whose long,
awaited orders for production of new
models are expected before the end
OF this month. Other important steel
consuming channels are increasing
their requirements only little, II at
all.
THE steel industry is beginning TO
appraiSe first quarter prospects some.
what more hopefully, regardless of de-
velopments In the remainder OF the
year"
The Iron Age composite prices re-
main at last weeks levels, 2.1I6 cents
pound for finished steel, S14.96 a
gross ton for pig iron and $8.75 q ton
for steel scrap. Finished steel Is 38
cents q ton below its price Of a year
ago, the pig iron average is down Slit
Q ton and scrap is 1892 lower.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
COPPER CONFERENCE
FAILS OF AGREEMENT
Belgian Delegates Return Home as
Curtailment Proposals Are Re.
fused by Government.
special pigpatch 70 The Star.


NEW YORK, November 19.-The
longest and largest attended world COP
per curtailment conference in the in
dustry's history has ended here without
reaching an agreement on steps to be
taken toward stabilizing the red metal
industry.
Up until the last minute before
Tuesday nights sailing of The Europa.
which carried the Belgian copper repre-
sentatives, headed by Fernand Pisart.
managing director of Katagna, the
worlds biggest copper producer, all par
ties concerned had hoped for q favor
able cable from the Belgian govern
ment, which holds control Of the Kongo
mines.
The cable came just a few minutes
before the Europa sailed, according to
American copper conferees, but it con-
tanned a refusal Of the curtailment pro-
posal advanced.
Copper shares here were depressed as
disappointed SPECTATORS took profits or
tried to cut their losses. The London
metal market finished lower and the
local trade now looks for some shading
OF copper metal quotations, which have
been fairly firm around cents @ pound.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
STOCKS IRREGULAR
IN LIGHT TRADING
Short Selling and Investment
Trust Liquidation Seen
by Traders.
BY GEORGE T. HUGHES.

Special Dispatch to The Star.
NEW YORK, November 19.-Stil un-
der the influence of dividend reductions,
actual and prospective, the stock mar
ket today showed little disposition to
rally and contributed its share OF new
lows to the lengthening record.
The market opened lower, hardened,
and then sold off again, but an small
volume and with net changes measured
in points of no great size. 1t was said
that investment trust liquidation. forced
by the terms of the agreement under
which the shares were originally sold,
was one important factor in the mar
ket. Another was scattered short SELL
ing and third was discouraged liquida-
ton. The new Stock Exchange rule,
giving the preference to offers Of long
stock over those for short account, Is
still in effect, but 1t does not, Of course,
prevent operations for the decline.
Rail Dividend Cut.
Todays cut in a railway dividend
was that made by Atlantic Coast Line,
the common stock Of which was put
on a 81 annual basis against the 81
previously paid. Before the news came
out the stock broke points under the
last previous sale. In the first hour
new lows for the bear market also were
made by Illinois Central, Pennsylvania.
Union Pacific, Chicago & Northwestern
common and preferred
Selling of Union Pacific was obvious
~ inspired by the omission of the divi-
dend on the Northwestern issues the
day before Union Pacific has been
compelled to take considerable losses
in income by the downward revision of
the return from its investments in 9TH
er railway stocks and that led to doubts
about the stability of It's own rate. AS
q rule, however, the losses in the rails
were moderate and one or two Of them
rallied under covering, notably New
York Central.
Opening Is Lower.
The opening was active and lower.
Rails were a feature on the down
side, Pennsylvania at %, off ", and
Union Pacific at 94N, off rs, reaching
record low prices. A block Of 5000
shares of United States Steel came out
at IS, OF n. In the Specialties Johns
Manville at 293s, off u, was one Of
the first to record new minimum
quotation.
Coppers continued their lower trend
of the previous session. Motors also
moved lower at the outset. Auburn
Auto at 11734 was Off q point and
General Motors at 26 was of a frac-
ton Standard Oil of New Jersey
dropped slightly to 33A. American
Telephone at 1341s lost B. Console
dated Gas declined 20 to 711a. United
Corporation, whose directors are Sched-
uled for dividend meeting today, opened
at 119s, of Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
LINOTYPE COMPANY
/ REPORTS FOR YEAR
Net Profit Is $3.65 a Share.
Officers Re-eIected-Trac-
ton Statement Released.
BY EDWARD C. STONE.

At the annual meeting of the direc-
tors of the Mergenthaler Linotype Co.,
held in Brooklyn yesterday, reports for
the year ended September 80, 1881,
showed net profits of $936,161 after
depreciation and Federal taxes, equiva-
lent to $365 a share on 256,000 no.
par shares of capital stock. These
figures compare with 81, sos, 4l0, or $7.07
O share in the preceding year.
and all the directors we're reelected
for the coming year, E. J. McQuade,
president of the Liberty National Bank
Of this city, being on the directorate.
The Mergenthaler balance sheet as
Of September 80, 1881, compares as
follows with the report of the previous
year:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
DROP IN NET NOTED
BY 3O4 COMPANIES
Earnings by Groups for Nine
Months Compared With Like
Period Last Year.

Net income for the nine months to
September 80 has been reported by 3o4
large industrial, rail and utility cor
porationS to a total of $685., 1912 900,
against $l,2o9,57S,o00 for the same
companies in the similar 1880 period, a
decrease Of 42.4 per cent, according to
the Standard Statistics Co. Composite
figures for the various major industries
f0lIoW.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
Coast Line Dividend.

NEW YORK, November 10 CP).-At-
lantic Coast Line Railroad today de-
ciared a dividend OF 50 Oh the common
stock, payable January IL to stock OF
record December IL. The company
previously paid $3.50 semi-snnually.
For the four years prior to 1891 the
company paid dividends totaling SIC
annually, including the regular rate Of
81 annually and $3.50 semi-annually.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
POTATO MARKET.

CHICAGO, November 10 up UNITED
States Department of Agriculture -
Potatoes, 64 on track. 1913; total United
States shipments, 534; steady. trading
slow sacked, per hundredweight. Wis
consin round whites. 70a85; Minnesota
North Dakota Red River Ohio's, 80a9O
Idaho RuSSets No. l, 1.35aI SIS; Nebras-
ka Triumphs, few sales, 400.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
SILVER QUOTATIONS

NEW YORK. November 10 (P.-Bar
silver rallied in the New York market
today. The quotation was 30A cents
an ounce, an overnight rise Of IS Of a
csnt. The metal had been declining
for three successive days and had about
cancelled its recent sensational gains.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
U. S. TREASURY BALANCE.

The United States Treasury balance
announced today as of close Of business
November II was $181 ,947, 549.94. Gus
toms receipts for the month to date
were SIS. 1911 ,672.o4. Total ordinary ex-
penditureS were 1926, 828.36.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19

CLEARING HOUSE FIGURES.
Washington Clearing House figures
fer today: $3,978, 902 sc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
Money to Loan

Prevailing interest and eommission.
Joseph |. Weller s Sisl w- a. T NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19

After being lost in wood near Fife,
Scotland, for two days without food
or rest, 80-year-old Catherine Mc1n-
ness was found, apparently unaffected
bv her chilly experience,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19

Edward j. Stellwagen, president Of
the Union Trust Co, who has been in
Emergency Hospital several weeks for
treatment, has been removed to his
home on S street. He is improving
steadily.
]. Thilnan Hendrick, chairman Of
the board of directors of the Lanston
Monotype Co., attended the funeral in
Philadelphia of Joel C. Clemmer, treas
urer Of the company Mr.. Clemmer
had rendered the concern long and
most valuable service.
Albert w. Atwood, widely known
financial writer of Washington. ad-
dressed the Pittsburgh Underwriters
Association at a luncheon today on
Life Insurance and National Stability
American Telephone e. Telegraph Co.
declared regular quarterly dividend of
$2.25 a share, payable January Is to
stock Of record December 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
Liabilities.

~After reserves. Represented by 256'ooo
uo-par shares.
During the year the company palo
out S1,536,00o in dividends, against
81 1854, 900 in 1880. A..
Merpenthaler stock is now on a So
basis. the directors having just declared
the regular dividend of $3.50 per snare
The stock is very widely held IN WASH
inrton, is listed on the local exchange
and is now selling around 90.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19

Fed Nat Blk (Bos) $50 s Nov. 10 Oct. 81
Omitted.
Div due at this time
Fine Cotton sp A Ltd pr. Div due at this time
DO. pI DlN Que az LLlS IAulc
ST pf.,........Si.75 @ Due Sep.
Deferred.
Stone & Webster. SOC :. Due Jan. IS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
DIVIDENDS DECLARED

NEW YORK, November 10 [R).-
Pc Pay Hldrs. OF
Company. Rate. Rod. able. record.
Extra.
Insuran Shares Corp
Of Del new.... .12I2c Jan. 10 Dec. 81
Initial.
Insuran Shares Corp
Of Del new. soc Jan. Is Dec III
Resumed.
Pet Milk. .........2 5c =. Jan. Dec. II
LiQudating.
Boston & Ely Cons
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
CapitaI Traction Net Lower.

The Capital Traction Co.'S report Tor
October, made public today, shows net
income for the month as totalling ST.
1os az against $50. 63823 in october,
1880, a decrease of $31, 529.37.
Operating revenues for the month
were $3l3, 524.86, compared with $374,-
64657 in the same month last year,
decrease of over SCI, 600. Operating ex-
penses and taxes called for $3.50 029 81
in comparison with S2SS,359.6O IN the
like period year ago, drop OF over
$29, 900.
This left an operating income Of $54,-
494.99. compared with $86,28697 in Oc-
tober, 1881, a decrease OF $3l ISL 98.
There was a small increase in non
operating income, and the deductions
from gross was smaller than a year ago,
SO that the total net income made q
slightly better showing than the total
operating income. The reason Tor the
falling off in net income during the
month was largely due to a decline OF
664, 1916 revenue-paying passengers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
Trading Light on Exchange.

washington Gas Light Bonds, series
B. and the IS figure in $1,000 sales
on the Washington Exchange today
There was also some trading in Po-
tomac Electric Power preferred issues
at recent price levels.
At meeting of the board Of gov
errors, following yesterdays annual
election, Karl w. Corby was elected
chairman
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19

CONTINUED on Page 14.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
old Dutch DecIares Dividend.

Pere A. Wilmer, secretary OF Old
Dutch Market, Inc, Of Washington, an
nornces that the directors have au-
thorized the payment of a second and
final liuuidating dividend of Q per cent
on the second preferred stock OF this
corporation. This dividend applies only
to the second preferred stock. The first
preferred stock has been paid in full
and the common stock has no value.
The par value of the second preferred
stock is $40 per share, which means
that this final nquidating dividend will
be 80 cents per share. A first liquidat
ing dividend of 1919 per cent was paid
on the second preferred stock on Sep
TENDER Is, 1928.
In order to receive the dividend
holders are instructed to present their
certificates to Selig c. Brez $40 Wood
ward Building, for Endorsement and
notation, after which the checks will
be mailed. The Old Dutch Market
Co. sold its business and stores to the
American Stores Co. two or three years
ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
fractions Ten Months Net.

The traction report for the first 10
months of 1881 makes a better showing
because serious taxicab competition did
not develop until after the early months
of the year The company reports 10
months total net income as 1902 ,590.3
compared with 1878, 028 So in the SINH
lar period, a decrease of $76,438.15.
Total operating revenues were So
245. 200 so, against $3,448, 580.96 in 1880,
a decrease of $203,380.36. Operating
expenses were reduced more than the
reduction in operating revenues, as is
shown by expenses of 81, 405, 457 .89,
AGAINST $2,517.748.30 in 1880, a de-
crease of SIP, 29o.41. Taxes also were
over $4,000 less than last year.
Operating income for the period was
on ST. 600, incorporating income was
practically unchanged and deductions
from gross called for 5000, 947.56, an
increase Of $3,787.84. The drop in total
net profits for the 10 months is, OF
course, mainly due to the taxi compe-
tition of recent months, revenue pas
sengers totaling 1874, 124 up to Mo-
vember /, this year, against 1850 ,652
last year, a decline in traffc OF 81
SOS 728 having passengers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
NEW YORK STOCK EXCHANGE
Roarea Dhsctto The
- Nat

Received BY Private Wire Direct to J
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-03-26
DRY RUN

Miss Merle Hamill spent the week.
end at Deer Park.
Mr.. and Mrs. w. E. burst, Vernon
burst, Nadiene Green, Thomas Clay
ton, Robert, Raleigh and Clarence
Broadwater were guests of Mrs. T. R
Murphy Sunday.
Howard Broadwater was calling or
Miss Cleo Murphy Saturday evening
Guests of Mrs. Jane Broadwatel
Saturday night were, Hannah Calls
Lester Green and Vernon burst.
Mr.. Everett Green was calling or
Loaring Green Sunday.
Guests of Harry Green Sunday
were Vernon burst and Everett
Green.
Mr.. and Mrs. Jesephus Howell visi.
ted Mrs. Joe Howell at Frankville.
Miss Beckie Broadwater has about
recovered from an illness of grippe.
Mrs. Fred Broadwater has returned
to the home of Robert Broadwatel
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-03-26
.Honemakers' Column
By Miss ELSIE M. BENTHIEN,
Home Demonstration Agent
Five-Minute Cabbage

ENc-MlIuIc SdUOdSC
Three cups milk, III quarts Shred
ded cabbage, 8 tablespoons melted
butter or other fat, 8 tablespoons flour,
salt, pepper. Heat the milk and cook
the cabbage in it for 2 minutes. Add
the blended fat and flour and the sea-
soning, cook rapidly for 8 or a min
utes and stir constantly. The cab
bage retains it's crispness and is deli
cate in flavor and color.
Beef Stew With Vegetables
One and one-half pounds of beef,
rump or round, Il cup flour, 2 onions
chopped, i quart water, 3 cups diced
potatoes, 2 cups diced carrots, salt,
2 tablespoons chopped parsley. Wipe
the meat and cut it in inch cubes. Fry
out the fat from the meat in skill
let and add the meat which has been
rolled in the flour and the onion. Cook
and stir until the meat has Drowned.
Put the beef in a saucepan, add the
water, using some of the water to
wash out the tasty particles left in the
pan. Cover and simmer the meat I'M
til almost tender, then add the vege-
tables and cook until they are soft.
Season with salt and sprinkle the top
with the parsley after it is placed in
the serving dish.
Extension Service Items
The Red House All club girls met
for their regular meeting at the home
of the Wolfe girls. This year they
have chosen Maryland Quick Breads
as their club project. Mullins were
demonstrated. The next meeting will
be with Helen Mosser.
Miss Helen Shelby, State Clothing
Specialist visited the Bittinger Home
makers club on Thursday, March 49,.
Vada Culberson, of Dodge, attended
the McHenry All club meeting on
Tuesday, March "a.
Miss Edythe Turner, District Home
Demonstration Agent, will visit the
Homemakers clubs and groups at
Vindex, Kitzmiller, and Selbysport, on
March 25 and 26.
The second lesson of the Home
Flower Garden Project will be given
Friday, March 81, at 1870 p. M, in the
Court House. This meeting is for all
project demonstrators and anyone in
terested in this project.
A little All club has been started
at Spring Glade school with Vada
Culberson as leader. The girls have
their club work period during the
noon hour.
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-03-26
ACCIDENT
Church Announcements

Church of the Brethren, Rev. A. D
Scrogum, pastor-9:30 a. NJ, Sunday
school; 1890 a. M, worship.
English Lutheran Parish, Rev. A. B
Harper, pastor-Accident, the Sunday
school session at $3.50 a. M; worship
at 1890 a. m. Holy Week Thursday
500 p. M, services to be conducted by
Rev. C. A. Shilke; Friday, 500 p. M.
preparatory services.
Zion Lutheran church, Rev. A. W
Code, pastor-10:30 a. M, confirma-
ton of class. Good Friday at 1890 a
M, German service.
Quilting Parties
Mrs. James Speicher and daughter
Blanche entertained at a quilting par
ty on Wednesday Mrs. ]. E. McGetti-
gan, Mrs. DeLeon Rush, Mrs. Ear
Alexander, Mrs. John Hetrick, Mrs
Luther Keller, Mrs. E. H. Ault, Mrs
Catherine Shartzer, Mrs. C. c. Goehr-
niger and Miss Nina Peck. A delicious
dinner was served at noon by the hos
tesses.
Mrs. Alexander Georg had quilt
ing party Thursday and the following
ladies attended: Mrs. William Zinkan
Mrs. Luther Keller, Mrs. Harold
Georg, Mrs. Walter Richter, Mrs. J.
C. Bethel, Miss Mary Bethel, and
Mrs. Sherman Tressler. A sumptuous
thinner was served by Mrs. Georg at
Noon.
School News.
The circus was quite a success, all
students in the high school having
parts in the performance. The weather
was fine and at 1:30 the animals and
performers paraded the town, after
which two exhibitions were presented
The sum of $37.40 was realized to be
used in the Vo-Ag. Club. The boys
take this method of thanking all who
helped make the circus success.
The operetta, "The Sunbonnet Girl, u
which was announced for the last
weekend in March, will not be given
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-03-26

after several weeks visit with rela-
tives and friends.
Mr.. Vernon burst was calling on
Loaring Green, Monday.
Mr.. Daniel Green was visiting in
this community one day last week.
Mrs. Frank Pierce, of Wilmington,
Delaware, has been calling on Mrs.
Sephus Wilt and family.
The Republican. [volume] (Oakland, Md.) 1877-current, 1931-03-26

At Birmingham, Ala, w. P. Hess,
general baggage agent, says that the
railroad handled 100000 fewer pieces
of baggage in 1880 than in 1923, ow-
ing to the lightness of scanty female
attire.