davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, February f. - The fol-
lowing is summary of important cor
poration news prepared by the Standard
Statistics Co, Inc, New York, for the
Associated Press:
News Trend.
OF Importance in the industrial field
is a report that copper sales have been
made at 9l2 cents pound.
The American Railway Association
reports further decline in revenue
freight car loadingS to 7l5,690 for the
week ended January "a 1881 This rep
resents a drop of l0,248 from the previ-
GUS period and slightly larger sea-
sonal decrease than ordinarily looked
for
The character of todays corporation
report is mixed. Although the general
level of 1880 earnings is considerably
below 1929, some companies have ex-
htbited results that are considered
favorable in the light of 1880 industrial
conditions. Commonwealth Edison, Con-
tinental Baking, International Safety
Razor and Missouri Portland Cement
reported relatively small declines. The
Hudson Motor Car announcement of 20
cents per common share against $726
last year was a little more severe thar
expected In most quarters.
Unfavorable news is reported in con-
nection with the latest dividend action
of Standard Oil of Nebraska and Penick
& Ford, Ltd.
The Companies.
Allied International Investing net
asset value December 81, $35.88 pre-
ferred share VS.. $A9.62 December 81,
1929.
American Smelling & Refining re-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
OIL CONSERVATION
IS DECLARED VITAL
Royal Dutch Co. Official
Warns Producers to Cur
tail Output.
BY the Associated Press.


NEW YORK, February Asserting
that the policy of conservation of crude
oil in the United States has reached a
critical stage, j. B. Aug, Kessler, man
aging director of the Royal Dutch Oil
Co., warned that the abandonment of
conservation in this country would
sound the death knell for conserva-
ton in all other crude oil producing
countries except Russia and Rumania.
In statement made in London and
given out here by the New York repre-
sentative OF the company, the. worlds
largest oil producer, Mr.. Kessler said
conservation and cooperation offered
the only solution for the industry and
that If conservation was halted, over
production would be that much worse
He said there was mo denying that
producers who have voluntarily reduced
their production have not been receiving
for their crude oil price which has
enabled them to make both ends meet"
but argued the money results would
have been worse without conserva-
ton.
1.-The fact that conservation has not
resulted in bringing prices to a satisfac-
tory level only proves that the over-pro-
duction during 1929 and the accumula-
ton of stocks has been so serious that
even year of conservation could not
result in reasonable price for crude
oil and its products
He dissented from the view Of some
producers who have lost confidence in
the beneficial effect of conservation
that "the only way to bring things back
to reasonable conditions is to let free
competition take its course and to let
the law of supply and demand settle
things"
In Mr.. Kessler's opinion free appli-
cation Of the law of supply and demand
Is old-fashioned and out of date so far
as the oil industry is concerned.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
UPSW|NG IN CURB
PRICES IS NOTED
Market Helped by Short Gov
ering and Operations
for Rise.
BY JOHN A. CRoNE.

Special Dispatch to The Star.
NEW YORK, February Affirming
price trends but slow sales marked the
Curb Exchange session today after an
irregular opening. Specific corporate
developments, along with organized
operations on the side of advance and
short covering, brought about the up
ward tendency.
Operations for the rise were resumed
In American Superpower, Electric Bond
& Share, United Gas and Ford Motor
Ltd. Cities Service virtually regained
its early loss. The oils generally, how
ever, barely budged in the first two
hours as dividend reductions. further
crude price revisions and the Federal
Trade Commission ruling on oil prac-
.ticeS proved discouraging.
Specific issues, rather than groups,
featured transactions. Outstanding
stocks included TranS-Lux, General
Aviation, Canadian Marconi, Babcock-
Wilcox and Public Service of Oklahoma
81 preferred.
Prospects of a new type of moving
picture film. to be announced Thurs
day along with probable working agree
ments by several big producers, enabled
operators in amusement issues to mark
up their shares.
The development of new plane,
showing an improvement over the pres
net Dornier- Wal flying boat, attracted
attention to General Aviation Corpora
ton. Irving Air Chute and Western
Air Express were slightly firmer
Canadian Marconi not only hit new
high for the year, but showed greater
activity than in months. Traders were
inclined to explain this burst of speed
by reference to negotiations to bring
about closer relationship of that COM
pany with International Communica-
lions, the big British cable wireless COM
bine. a
Babcock-Wilcox broke points to a
new low for the year. Both of the
Dresser Manufacturing issues were frac-
tionally better. Commonwealth Edison
advanced, despite the lower per-share
profits reported. Montreal Light, Heat
& Power hit a new low by easing frac-
stionally.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
CHICAGO LIVE STOCK MARKET

CHICAGO, February tP1 Omitted
States Department of Agricultural -
Hogs, $4,000, including 5000 direct;
very slow; opened steady to 10 lower
than yesterdays average; some bids of
more; top, 100; bulk, 140-200 pounds,
7.65a785; 210-32O pounds, 66Oa7 go;
pigs, 7.25a7.75; packing sows, 5.65a6.00;
light light, good and choice. 140-160
pounds, 770a7 go; light weight, 10000
pounds, 76Oa7 go; medium weight, 200
$50 pounds, 700a7.80; heavy weight,
250-350 pounds, 6.50a7.10; packing sows,
medium and good, 275-500 pounds, 5.65a
6.10; slaughter pigs, good and choice,
100-130 pounds, 7.00a7.85.
Cattle, 5000; calves, 1000; better
grade fed steers strong to 25 higher
on shipper account; others slow, but
1850; weighty steers, 11.40; bulk short
feds, 7.50a9.75; she stock uneven,
steady to IS higher, with cutters and
common cows and low priced heifers
showing most advantage. Slaughter
cattle and vealers-Steers, good and
choice, 600-900 pounds, 8.75a12.50; 900
! 100 pounds, 9.25a12.50; 1,000-1 800
pounds, 9.25a12.50; 1901 500 pounds,
9.00a12.25; common and medium, 600
800 pounds, 6.00a925.
Heifers.- Good and choice, 550-850
pounds, 6.25a1O.00; common and medi-
UNI, 5.00a7.00; cows, good and choice,
4 50a6.50; common and medium, 3.75a
ATS; low cutter and cutter, 3.00a3.75;
bulls (yearlings excluded, good and
choice (beef), 4.75a6.00; cutter to me-
dunn, 3.5oa4.75; yealers milk fed,
good and choice, 8.00a10.00; medium,
7.O0a8.00; Gull and common, 5.00a7 90;
stocker and feeder cattle, steers. good
and choice, 500-1 ,050 pounds, 7.00a8.75;
common and medium, 5.25a700.
Sheep-11 900 head; steady to weak;
grade lambs tending lower;
choice kinds to outsiders, 865a9.0 90; few
early packer sales, 8.00a9.50; fat ewes,
4 .00a4.50; lambs, 80 pounds down, good
and choice, 8.25a9.10; medium, 7.00a825:
91-100 pounds. medium to choice. 6.50a
900; all weights common, 5.50a700;
ewes, 90-150 pounds, medium to choice,
3 .25a4.75: all weights Gull and common,
2 .00a3.75; feeding lambs, COTS pounds,
good and choice, 7.75a8.25.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
FURTHER REDUCTIONS
IN OIL DIVIDENDS SEEN
special pispatch to- The Star.

Special Dispatch to The Star.
NEW YORK, February 4-Directors
of the Ohio Oil Co. were expected today
to reduce their dividend rate from So
a share to 81 a share. The Standard
Oil of Nebraska directors on Tuesday
cut their quarterly dividend from 81 p
cents a share to SO cents a share
Earlier in the week dividends on Stand
ard of Kansas and Standard of In
diana were lowered. This is the most
general reduction in payments to Oil
company shareholders in many years.
+, 1t Is not unlikely that further cuts
will be made by a number of the in
dependent producers and ref1ners. Fol-
lowing last weeks increase in the daily
production of crude oil. the statement
today for the first of February shows
a return to the former tendency OF
falling output.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
NATIONAL DEBT REDUCED
$500, 900, 900 IN YEAR
BY the Associated Press.

BY the Associated Press.
In spite of recent decreases in Fed
eral tax receipts, the national debt on
January 81, as the Treasury accounted
for it today, was more than $500, 600, 900
less than on the same date a year ago.
The actual net Indebtedness of the
country amounted to $16,007, ATS $40, as
compared with SIT, 324081 1915 one year
ago.
However, the showing Is a long
way from settling the difficulties Of
the Governments financial administra-
ton, which Secretary Mellon has indi-
Gated is facing a propable deficit of
about $3.50, 100000, to be realized on
June 80, when the fiscal year ends.
The temporary debt reduction made
so far this year will be Offset shortly by
the heavy semi-annual payments of in
terest coupons on outstanding bonds.
Further. the anticipated shrinkage in
income taxation will register itself
heavily on March Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
SUBSTANTIAL GAINS ARE
SCORED BY BANK STOCKS
BY JOHN F. SINCLAIR.
Special Dispatch to The Star.

The monthly compilation of the
range of New York City bank stocks
as compiled by Holt, Rose g. Troster,
show that 16 of the leading issues re-
corded substantial gain during the
month. but the average on January 81
was slightly below the high levels for
the period. The weighted average of
the Is issues stood at SO on January @,
the first business day of the month.
From that level there was almost a
steady climb to high of 104 for the
month, reached on January 26. The
average stood at 101 as of January 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
GRAIN EXPORTS OF u. S.
MOUNT DURING WEEK
BY the Associated Press.

BY the Associated Press.
Exports of grains for the week ending
January 81 totaled $4,000 bushels, as
compared with $4,000 bushels in the
preceding week and l ,949, 900 bushels in
the corresponding week of 1880.
Wheat exports reported to the De-
partment of Commerce amounted to
532 900 bushels during the week ending
January 81, against $4,000 bushels in
the. preceding week; barley, IL , 900
against $4,000; oats, 1000, against 1000.
No rye exports were reported for either
week.
Canadian grains in transit cleared
from United States Atlantic ports to-
tailed 1922 900 bushels, against 2,243, 600
bushels. Canadian wheat flour shipped
from United States ports totaled $4,000
barrels, against $4,000, and United
States wheat flour exported amounted
to $4,000 barrels, against $4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
COPPER PRICE REDUCED.

NEW YORK, February 4 (P).-Further
shading of the price Of domestic cop
per was reported in trade circles today
Sales of the metal were said to have
been made by spectators at 912 cents
a pound delivered, one-quarter of a
'cent under the official domestic price
of ga cents maintained by custom
shelters.
The 9l2-cent price equals the low
figure reached by the metal last Oc-
tober, when copper declined to the low
est price in 80 years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
PROPERTIES ACQUIRED
IN UTILITIES SALE
BY the Associated Press.

NEW YORK, February 4.-Acquisi-
ton of all the properties and holdings
of Empire Public Service Corporation
in Maryland and Delaware, as well as
certain properties in Virginia, was an
nounced today by Harry Reid, presi-
dent of National Public Service Cor
poration, an Eastern unit In the Middle
West Utilities System.
The transaction involves purchase
of all preferred and common stock of
the Maryland Light & Power Co., all
the physical property of the East Coast
Utilities Co in Delaware, and portion
of that compapy's holdings near Cape
Charles, Va. These properties hitherto
have been controlled by the Woodcock
interests through the Empire Public
Service Corporation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
Stockholders Selling Out.

f, LONDON, February 1P). - Many
stockholders of the Royal Mail Steam
Packet Co. are unloading their shares
at bargain or less than bargain prices
as consequence of counsel'S decision,
denied by other counsel, that share
holders are liable for the debts of the
company if it is wound up at loss.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
Baking Co. Readiustment.

NEW YORK, February (SpeciaD -
Deposits of stock and proxies repre-
senting a majority of stock of the Cen
eral Baking Corporation have been re-
ceived by the committee for capital re-
adjustment Of the company.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
U. S. TREASURY BALANCE,

The United States Treasury balance,
announced today as of close of business
February 2. was $153, 796, 415.48. Gus
toms receipts for the month to date
were $1,185 $4,000. Total ordinary ex-
penditures, $8,275 ,697.49.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
Exchange Seat Brings $227 ,OOo.

NEW YORK, February - Arrange
ments have been made for the sale of
a New York exchange membership at
1927, 900 decrease of $4,000 from the
previous sale.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
BONDS ON THE CURB
MARKET.
DOMESTIC BONDS.

Sales in DOMESTIC BONDS.
z$ss !: s e. s.. g.
sAA%m:sFF Rag Is, S zglS I ISs I ISs 3 5S
z zzS SSS: IS 81 s.; ! g., g. g 81,
Hsso Fec Ind AIS rs Sc SEA ssS3ss ss9,s
sz$:s.ss s ! si 5s+s g ssys g.. s.. g..
z:f 81 &; "a 4 ]. y 49,: ,5s: 3d.
SS::#Bss e. IT. i Hls =; IS IS -:
,SRRi. i II ! y !. : q T.. E.. E..
i Siii geE Ssi F9s IS + g ss Is Isl Isl
Cleye FL Illu IS a 80 1861 1861 1861
his Sd lllH q ! 1884, 49,, 2SSss,
7 82R' qS q ~ = g. 8" g.
e ESl: F. B2si Is aos g 1872 So. 49, 81
E Hsb Rro Wat Ss.las 81 q, 8ssu s$
sS Sff:Ss oEsF S g f.. s99 ST.
Grand f., Trpnk Ss SO IS51a lS5ls IS5'a
f& aasps 81 %! oii 3 g g.. e. s5''
Indnap Psi SIS 4 ,59 1907 1905 1909
] i:sS 81 81 Sc Sc 81:
feRiSb 6 t5o2So ii SSI7s i'll. liz
H E5si. ST. i =. : $ ssss g. s5s
ESs sxx T Eng Ing G G S & ssSs. f., ",
i NJ n o ri j.. 81 + e. e. AZ } e. e..
s88EEFs. sa F82 81 "a ISj.' IA IS5, I IS5,
2s: s.. fE s,i.5 3 e. z, e. q e.
b bi5s 1 EsS e 49, iSs. 49,
i P BE cat So & iS Sf I 81 49, Fl
Roch en- Pw IS. a. SO s87s e87s $50
Sgs s1 Z 0 e. S z 8 ~ ss8 s ss s8..
d Shay Saidsr T PaeE as Z: ss q s. S ~: & s.
,2sE PAL 5 s. 2o25 Ky I62 ll66jj83: IiS5
ss SasBef Ga u pe q g e z g g g
s S::$3 81 s.; E$ 3 II: ~ r. r.. Fl; III:
q e.? psssi ). I$$ f f$$S i f$s
Tenn 4 l. 5s...... IS 95 IS
Texas Gas Ut 6s as n Al u
Texas p a. l. SIS So SO 80 sJ
3 Texas Power a. l. 6S 99A4 99h 99iA
Tri Utf IS D.. so 90 60
Uni 1t & Ry 5iaS So e57s Si7s 85Js
Uni 1t & Ry IS A SO 1902 1907 1907 2
United L 6s-l75 92ss 923s 92ss
Unit 1t & Ry SIS 30 90 SO 90
2u Rubber 6S 80 s37s s3Ta 837u
so Van Sweringen IS IS rs 74}4 IS
FOREIGN BONDS.
I nuen Air Pr Ties az s87a s81s s67s
- Can Dominion As go s3is 93 90
Cauca Valley rs SB sea- 9694 1874
5 Gem Pr Blk 5lzs 81 Blis STA 8lls
10 Den Mtg SIS 70 tx 995s $685. 993s
Ger Cons Nun 6s a 70lz 1Qr 70i2
It Su Pw IS A SO XIV 62i2 62l2 62Lz
Medellin Col rs 81 T6 70 20
~ PaIana Brazil Is '5S 43 43 50
1853 Russian 51ss cts n 2ss Pc 2ss
355 Russian 6i2S 10. go. 2ls glg ga
81 Russ CTS, CT N g az ia ~ .l7s
II Saxon pub Wk S. 80 9lsg ella 9lsg
2 Unit FL Ser rs Sc XIV SSh SB's SSIa
ww-With warrants.
xw--Without warrants.
New.
wi-When issued.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
Money to Loan

Secured by first deed of trust on real estate.
Prevailing interest and commission.
Joseph |. Weller 1 R1a. WISH 9TH I; F N.w
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
NEW YORK CURB MARKET s ss:: IL. :s::. S s:

Note-AI stocks are sold In one 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, 1931-02-04

The Atlantic Coast line is $3.50 miles
long; the Pacific Coast line is 2,730
miles long.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-04
Value of Intervention
In Coal Crisis Weighed
From the PITTSBURGH Post-oazette.

from the PlttSburgh Post-GaZette.
Apparent success of the oil shutdown
IN Oklahoma and Texas under martial
law naturally leads to the suggestion
that similar tactics be employed to help
the coal situation. 1t is early to Judge
the final results of this drastic inter
ference with normal economics. but
there is promise CT success in the prompt
rise of the price of oil, with some large
companies again quoting ST per barrel.
II the fields can be reopened under
some satisfactory pro-ration basis it
may be possible to prevent the waste
that has marked recent operations and
maintain fair price levels.
There are some points of similarity
between oil and coal, but it is a mis-
take to attempt to draw too close a
parallel Obviously, any artificial re-
strlctlon OF production over the three or
four largest bituminous producing States
would shortly raise prices. but it would
contribute little or nothing to any last
ing Improvement Of the industries
troubles. 1t would bring additional
distress to mining communities tempo
rarily and would injure some companies
far more than others.
Unfortunately, those most seriously
affected would in many instances be
the companies which have shown the
most efficient operation and have
treated their men more considerably
and fairly than number of others.
This does not mean that the proposal
should be barred from any consideration
whatever. 1t may have to be weighed
with other suggestions that have been
put forward. But it seems that there
could be effective. though less drastic,
intervention by State or Federal gov
ernments.
The response to the invitation ten
dered by Secretaries Lamont and Doak
for a conference in Washington illus
trates that any governmental action
will have to be more positive than a
mere proffer of good offices" if it is to
count for much. But the Federal Gov
eminent has certainly not eXerted any
real pressure to bring about reorganiza-
ton or sterilization up to the present
moment. Nor have the States shown
any disposition to sponsor or support
any proposal for relief.
1t is recognized that any govern
mental Intervention might have unfav-
orable political reactions if, because of
faulty planning or uncomfortable factors,
it should end in failure. 1t may be the
safe" thing to dodge it. But that is
not leadership, and the public's stake
in the emergency is such as to demand
some constructive effort, whether or not
political risks are involved.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-04
WASHINGTON OBSERVATIONS

the Womans party, gift of It's presi-
dent. Mrs. o. H. P. Belmont. no day
passes without definite activity On be-
half Of equal rights" according to a
current press statement issued in the
name of Mrs. Harvey W. Wiley. ma
tional chairman, to commemorate the
eleventh anniversary of suffrage" which
apparently is now transporting. Mrs
Belmont herself remains IAN active
adviser and coadjutor at every stage of
the National Woman'S Party'S program
and is in constant consultation with in
ternational feminist leaders as to the
strategy and conduct of the campaign
for an equal world CODE 1t appears
that Alice Paul and Doris Stevens have
stood beside Mrs. Belmont in the van
of the international struggle"
y y
Bucharest, capital of romantic Ru-
mania, where King Carol and his loves
and Queen Marie and her lovely daugh-
tiers diSpcrt themselves, few weeks
hence will play host to the Inter-
parliamentary Union, which this year
stages its deliberations in the heart of
the Balkans. The usual distinguished
congressional delegation will make the
usual European pilgrimage ION official
business" Included in the American
party this year are Connany OF Texas,
Gore of Oklahoma, Wheeler CT Montana,
Sterling Democrats of the Senate, and
Shipstead of Minnesota. Members of
the House who are Bucharest bound
include Cole of Iowa, Montague Of Vir-
ginia, Britten of Illinois, French of Idaho,
Hale Of New Hampshire, Lanham of
Texas, Linthicum of Maryland MRS.
Linthicum is in Paris as an official
hostess" at the American exhibit at the
French Colonial Exposition, McDuftie
OF Alabama and Sirovich of New York.
+
The Daughters Of Isabella have noti-
fled the Fine Arts Commission here of
their desire to erect a monument of
Queen Isabella of Spain in the National
Capital. At the National Circle of the
Daughters of Isabella in Boston recent
~ the organization pledged itself to
raise $4,000 for this purpose, voting
tax of cents per month on each
member until the fund is raised. The
Colored Elks at their annual conven-
ton in Philadelphia last month voted
to erect a palatial national headquar-
tiers in Washington. The Loyal Order
OF Moose are going to move from
Moosehart, ILL.,, to Washington and put
up a million-dollar building-here. Thus
does the city grow in glory.
Those prophecies so often repeated
during the closing days of the Coolidge
administration that Silent Cal would
indulge himself in foreign travel when
he laid down the burdens of the presi-
dency have failed to materialize. Europe
has no lure for Mr.. Coolidge. Except
for his one-time official visit to Havana,
he has never been outside of the con-
fines of continental United States. Sem
ator Borah is the other great American
OF the present day who shares this
unique distinction. The inference is
unacceptable that the front porch at
Plymouth, in the Green Hills of YER
mont, Though now overrun by Swarms
CT tourists, is ever so much more salts
Tying than anything that London or
Paris or Vienna has to offer.
(Copyrignt, 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-04
Crossing the Channel Afoot.

Since Napoleon Bonaparte stood on
the shores of France and looked at
the cliffs of Dover, twenty miles away
over the sea, longing for a favorable
wind that would carry his fleet across
the Channel-that wet ditch" he
styled it-much has happened to make
his problem appear ridiculously simple,
however great it was then. Steamships
have been invented, to replace the sail
ing craft of Napol.on's day. Airp,anes
have been developed to make the cross
ing in few minutes instead of the
hours of his time. The other day, for ex-
ample. representatives of the Bank of
England flew to Paris to confer with
French bankers about the credit loan
to be made by France. Swimmers have
padded ,-.leir way from shore to shore
And yesterday an Austrian schoolmaster
crossed the English Channel afoot.
Karl Naumestnik made the passage
from Cape Girls Nez to Shakespeare
Beach, near Dover on a pair of water
skis. 1t took him eight hours. not a
remarkable crossing in point of time,
but extraordinary for walker.
This methed of water transport is not
likely to become of common use as a
method of getting from shore to shore,
though it may develop into a sport.
Naumestnik did not have an altogether
happy time in his nautical pedestrian
trip. The seas were heavy and fire.
quently he had to sit down on his skis
to rest and to keep from getting ssasick.
The straightaway distance from Cape
Girls Nez to Dover is twenty miles, but
the Austrian had to cover consider
ably longer route because of the cur
rents, which swept him Of course.
These skis are shaped like canoes, each