davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
lned sugar price 10 point to 4.4O cents

fined sugar price 10 point to 4.4o cents
pound.
Rhine-Westphalia Electric Power
fparent company only net income
year ended June 30, $2,665 .5O7 VS.
s6,298,757
Starrett Corporation passed preferred
DIVIDENDS; paid Is cents on $40 preferred
ana 10 Genus on $50 preferred on
United Fruit subsidiary cuts nrice If
refined sugar 10 points to 4.4o cents a
pound.
United States Steel plants operated
at 28 per cent of capacity in week ended
November 80 VS.. 20 per cent in previous
week, 80 per cent year ago and GO
per cent in 1929 week, W
commercial Solvents cuts Ruvt1
alcohol price AZ cents per 100 mounds.
acetate also reduced f''e'''
CroSley RadiO-October and Noveno-
Der profits offset $50 $50 loss renorted
for first fiscal half W.
pennsylvania Railroad-Federal Court
appoints two receivers for Wabash Rail.
way, controlled by Pennsylvania com
pany.
United States Industrial Alcohol cnts
pound; Buytl acetate for 1890 dei,v eUv
also reduced. '4S
Alis- Chalmers Manufacturing gets
$l,0oo,0oo order from Pennsylvania
Railroad for transformers and switch
gear equipment. '"4'oii
American Sugar Refining cuts nrice
reflned sugar 10 points TO 4.4O cents a
pound. 'o'4'' d
American Thread cuts wages N nor
cent. ""eeo ~ Per
Borden Co. dtscontinues exfro s+ocr
dividends; cash dividend more thar
earned; cash and working capital nosi-
ton strong N-'"' poe!-
Consolidation Coal cuts miners, woges
union help. tioii-
Godchaux Sugars cuts price ret7nsd
sugar 10 points to 44O cents a ro,,,,S
international Cement declared *
cents quarterly common dividend. n.;S
81 September 80. paio
Natlonai Dairy Subsidiary
Sheihelo Farms cuts retail home ne,
livery and wholesale bottled mill nricec
2 cents quart. linn p i00"
New York Steam-Obtains oor+raot
TO supply steam to Radio Citv
Paramount-PubliX officials don, INV,
pany Is contemplating new f1nancin0
Rlchfleld Oil of California-hduapec,o
cent gallon. " LUX -
Rossia Insurance of America defers
acSioh On quarterly dividend: paid SIS
cenIs oeooef subsidiary, first rein
Sui aii'e I" hartford also deferred ac-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
CURB ISSUES MOVE
IN NARROW RANGE
Changes Are Small as Mar
ket Reflects UnfavorabIe
News.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, December "A batch
OF unfayorable news developments, do
mestic as well as foreign, caused the
Curb Exchange to open lower today.
The market rallied briefly, then eased
on a reduced volume of trading.
Electric Bond g. Share, the market
leader, featured the active issues as it
moved back and forth within a range
or more than a point. Middle West
Utilities, Cities Service, American Super
power, American 81 Foreign Power war
rants and Standard Oil Of Indiana fluc-
tuated within fractional ranges.
Once again the market showed a dis
position to ignore favorable corporate
news and react toward unfavorable de-
velopments Deere & Co. announced
that a subsidiary had recalled 1000
vorkmen for December 7 to resume
employment on a -day-a-week basis
but the stock was neglected.
During this same period New York
Steam disregarded, marketwise, COM
panys announcement that it had been
awarded the contract to furnish steam
for the 10000 radiators installed in
Radio City" which will yearly use 500
carloads of coal and enough water TO
float five ocean liners as large as the
Levisthan to produce the estimated re-
quirement of 100000 pounds Of
steam for that building center.
Merchants & Manufacturers Securi
ties A dropped more than points The
company recently sold its automobile
financing division to Commercial In
yestment Co. Cord Corporation moved
upward, while the only other active
motor, Ford Motor Of Canada A, moved
downward.
Stocks declined at the opening.
Electric Bond g. Share at 1874 was
unchanged, but Standard Oil of 1ndi-
ana at l8S4 was off % and Cities Serv-
ice at IS. was off Is. Among the
higher priced utilities, Duke Power
opened of points at 49, Middle West
utilities at ga and Newmont Mining
at l4% were unchanged, but American
Gas a. Electric at 43A declined rs.
Rejecting the improvement in bar
silver in London, Bunker Hill Sullivan
Mining opened up q at 261a. Deere &
Co. opened unchanged, despite the an
nouncement of a subsidiary that it was
recalling 900 men on December 7 to
begin work for two days a week. Penn
road Corporation. the only rail to ap-
near. was slightly lower at 3. Motors,
trusts and natural gas shares all were
lower.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
SIGNS OF BETTER BUSINESS
REPORTED IN SOUTH CHINA
Commerce Department Informed, How
ever, That Depression Is Becoming More
Evident In Other Sections of Orient,

Signs of business improvement have
appeared in South China, the Com
merce Department today was informed
by its representative in Shanghai I'm
ports and manufacturing, which have
undergone reverses during the past
month, because of adverse conditions
in Manchuria, also were back in fair"
condition, the cabled report stated.
General depression, however. is be-
coming more evident in North China
and elsewhere and crops were reported
as generally below average.
While turn for the better was being
cabled from Shanghai to the depart
ment, Commercial Attache Hallack A.
Japan'S foreign trade outlook remains
cloudea, with no improvement in ex-
ports anticipated for the next 60 to 80
days.
Currencies Deprecated.
Butts made no reference to the eff
tectS Of the Chinese boycott against
Japanese goods, which he reported re-
Gently was seriously curtailing the tex
tile industry, attributing the clouded
outlook to the effect of deprecated cur
rencies IN important foreign markets.
The slackening demand for industrial
commodities, he added, is causing in
dustrteS to tighten up on their cur
tatlment agreements.
There is distinct movement" Butts
radioed, toward an upward revision of
the tariff for both protection and in
creased revenue Foodstuffs, lumber,
iron and steel and petroleum products
are mentioned as likely to be included
in any revision"
He said the subject will come before
the Diet in February.
The outflow of gold continues. Butts
reported, and the Bank of Japan is
considering further raise in the dis
count rate. In October the Bank of
Japan raised the minimum rate to
5.84 in an effort to check the flow.
Butts said gold shipments from Octo-
Der to November Is totaled 259 0OO, 900
yen. or $129,000,0 900. Of this amount
Sl13,l69,00o was shipped to the United
states, according to a preliminary es-
innate made public yesterday.
Note Issue.
On November 25 the Bank of Japan's
note issue stood at l,0l0,000,O00 yen, or
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02

s505 ,000, 900, as compared with e77-
100000 yen, or $488, 500 900, on October
10. The gold reserve was placed at
564,398,000 yen.
Butts reported the stock market at
Toxic as quite weak"
Meantime unofficial reports are being
received In the department from Texas,
Oklahoma and Mexico that Japanese
buyers are exceedingly active in those
cotton centers, purchasing thousands
OF bales OF the staple during the past
month: The purchases have been
hooked up In some quarters with the
military activity in Manchuria, as cot
ton is an important factor as a NUM-
ton ingredient.
The japanese embassy, however, said
recently no heavy cotton Buying move
ment had been brought to the atten-
ton of officials here, while the directors
of the New Orleans Cotton Exchange
recently made public a letter from a
japanese consul in the Mexican cotton
belt denying vigorously the buying was
for munition purposes, but that Japa-
nese textile leaders considered the
staple at the prevailing low market
price good investment.
In answer to a query while the Japa-
AASoC tIOOpo "clc IepOICSQ ADVANCING
last week toward Chinchow. China's
main gateway into Manchuria, Com
merce Department officials have esti-
mated that American financial. com
mercial and industrial interests in
China have an aggregate value of
S255, 1853 900. They said the invest
ment in the Tientsin-P eiping area,
where heavy rioting was reported last
week, was of little Importance.
Investments by Americans.
Direct investments by Americans in
China are chiefly in the form of pe-
troleum distribution and public utility
developments. The former are princi-
pally in bunkering facilities and manu-
featuring establishments producing cans
used in the distribution of kerosene.
About S43,000,00G of American capital
is involved in petroleum distribution
located around Shanghai, Hongkong
and Hankow.
In Shanghai, American capital aggre-
eating about S50,0000o0 is invested in
public utilities developments.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
CHICAGO LIVE STOCK MARKET

CHICAGO December 2 (P Omitted
States Department of Agricultural -
Hogs-Receipt, 5000 head, including
$4,000 direct; slow; steady to strong
spots, 5al0 higher; l70-210 pounds,
4.35a4 40; few, AS top 4.5O; 220-28O
pounds, 4.30a4.40; 140-160 pounds, 425
al 40; pigs, 400; packing sows, 3oOa
400. Light light, good and choice,
14O-l60 pounds, 4.20a4 40; light weight,
10000 pounds, 4.35a450; medium
weight, 20O-250 pounds, 4.30a4 so;
heavy weight, 25o-35O pounds, 400
4.4O; packing SoWs, medium and good,
275-500 pounds, 3.65a4.O0; pigs, good
and choice, 100-l30 pounds, 3.75a4.l5.
Cattle, $4,000 head; calves, 3,000
strictly good and choice weighly steers,
scarce and fully steady; top, 1885,
several loads, ll.50a1225; all grades
other representative weights and
loW-grade weighty steers, weak to 25
lower; yearlings off most.
Slaughter cattle and vealerS: Steers,
good and choice, 600-9O0 pounds, 725a
l1.50; COOL 100 pounds, 750a1225;
1,100-l 300 pounds, 7.5Oa12.75; 1900
1900 pounds, 750al2.75 common and
medium. 600-1 300 pounds, 40Oa7.5
helfers, good and choice, 550-850
pounds, 6.25a9.50; common and medi-
all, H''oao.oo, lOW CuCUeT ana cutter,
2.0Oa2.75; bulls (yearlings excluded),
good and choice (beef), 4O0a475; cut
ter to medium, 250a425.
Vealers (milk fed, good and choice,
5.00a6.75; medium, 400a500; Gull and
common 3.00a400; stocker and feeder
cattle, steers, good and choice, 500
1850, 5.0Ca6.75; common and medium,
50a500.
Sheep-Receipts, $4,000 head choice
lambs loa15 lower; other grades and
classes weak; early top native lambs,
$780, others 5.5oa5.75 to packers; best
fed Westerns held above 500; throw
outs, 4.o0a45o; lambs, 80 pounds down,
good and choice, 5.25a625; medium,
4.50a5.25; all weights, common, 3.50a
4.5o ewes, 9O-150 pounds, medium to
choice, 1.50a3.00; all weights, Gull and
common, 1.25a2.00; feeding lambs, So
IS pounds, good and choice, 4.5Oa5 90.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
BY DR.. MAX WINKLER,

| special Dispatch TO Inc Star.
NEW YORK December 2.-Within
| less than a week, President Hoover will
deliver his message to the new Con-
gress 1t will prove doubtless a very
constructive document.
Reasonably, the Executive may be ex-
pected to point to the strong underly-
ing conditions Of American business
and finance. He probably will touch
on the railroad situation and offer con-
crete measures of relief to the Nation
carriers He will ask for and doubtless
obtain approval of the one-year debt
moratorium proposed last June
The project recently proposed for the
relief of the real estate situation is also
expected to assume more tangible
aspect. Attention probably will be di-
rected to the foreign situation and a
spirit of cooperation and friendliness
in all likelihood will characterize the
Presidents remarks.
1t is these favorable developments in
regard to the domestic and foreign
situation which the securities market
may be assumed to be discounting.
The technical position of the market is
also a factor, the Importance of which
must not be underestimated. Whether
the improvement will be genuine and
lasting will depend upon an actual ad-
juStment of the various complex prob
lens, both domestic and foreign, which
continue to confront the nations of
the world.
Decline in Pound Sterling,
The decline in the value of the Brit
ish pound to about So per cent of its
gold parity cannot be viewed with indif-
ference Reports from London are to
fhp that tho Pritich
as well as the Bank of England are not
concerned over the sharp recession, but
there is some anxiety lest the situation
be judged enormously abroad.
1t is difficult to share in the reported
calmness of the British. A currency
as significant as the pound will, if
fluctuations are permitted to continue
within wide limits, tend to aggravate
an already existing difficult interna-
tional economic situation. Furthermore,
lower quotations result invariably in a
further loss in confidence, so essential
to the rehabilitation of the world.
that the Bank England's gold re-
serve of 100000 900 actually repre-
sents higher proportion to circula-
ton than is apparent, since no allow
ance Is made for depreciation in bank
notes. Thus one may conclude that
the pound contains reserves of strength
which could quickly bring about an
appreciation in value
Renewed Selling.
Renewed selling throughout the
greater part of yesterdays trading was
attributed to rumor that Germany
would abandon the gold standard. AS
ling as gold can move freely into Ger
many but cannot move out of the
country, the Reich may, for all prac-
teal purposes, be said to have been
off the gold standard since July of this
year. Should an official announcement
be made to that effect, it is doubtful
whether 1t would influence tn Sc
cur1ties mark.S to any appreciate ex-
tent, except on sentimental grounds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
Candy Institute Formed.

NEW YORK, December 2 (P)-Sixty-
five candy manufacturers have an
nounced formation of the Candy Insti-
tute of America, which seeks a certih-
cate Of membership incorporated under
the laws of New York President Jo-
seph Gooch, jr, said its twin objective
would be to improve the general quality
Of candy andAinsure reasonable profit
from its sale,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
New York Cotton

Special Dispatch to The Star.
NEW YORK, December Cotton
prices were | point lower to higher
at the opening of the market today.
Increased crop estimates, together with
unfavorable export demand, combined
to cause heavier offerings from the
South and from commission houses, but
trade buyers were active enough in near
months to absorb the offerings.
Opening prices were: December, SGT,
up |; January, 5.04, up 3; March, 6l9,
unchanged; May, 6.38, up /; January,
6.65, off l, and October, $50, on l.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02

ton on dividend
Tobacco Products class A share earn
ings, 10 months to October 81, 81 cents.
Eastern Utilities Associates net in
come, II months to October 81, 81, 163,-
1888 VS.. $1,942,071.
National Supply of DelaWare-Passed
preferred dividend; paid SITS Septem-
Der 30.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
Baltimore Bank Clearings.

BALTIMORE, December (SpeciaD.
Bank clearings in November showed
sharp decline. Total for the month
as announced by the Baltimore clear
ing house was 1854, 646,O6l, against
1878, 766,931 in the like month last
year, a reduction of $124,120,87O, or
1913 per cent. Clearings in October
aggregated 1926, $3.50, O59. For the first
IL months of the year clearings
amounted to $500, o37,837, compared
with 81. 09,957,532. a decrease Of 1o.2
per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
Everybody's
Business

President Hoover's Mes
sage to Congress Ex-
bected to Contain Con-
structure Suggestions for
Fastening Economic Re-
coDery.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
Reichsbank Gold Coverage.

BERLIN, December 2 (E0.-The gold
and foreign exchange coVerage OF the
Reichsbank dropped today from 27'5 10
rs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02

Orkney Islands Scotland, have given
$l,575 to the British sexcheQuer' IN
addition to their taxes, s29 people DO
mating from 10 cents to sl25 each.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
RIGHTS--EXPIRE

DIVIDEND rates in dollars based quarterly
lua payment Eek dividend tParly
FaSaoie IN cash or stock Payable
dividend plus So stock. stock h II in
och' ruS re in stock Plus 100 m Plus
JOCK Plus 81 in stock. Paid last
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
BONDS.

Copyright, 1881 Standard Statistics Coz
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02
FOREIGN BONDS.

WW~--Wlth WkFrAhtS,
xv--Without warrants.
Anew.
wi--when issued
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-08
Unusually Able Men W|ho Ser7,ed the Nation
inWar Period Where They Li0ed in
Washington -AHempt to Assassinate
Se7oard-Nany Changes in the Cabinet.

Following Seward came Gen. Belknap and
the commssary general of subsistence, then
James G. Blaine, candidate for the presidency
in 1884, who expended $4,000 to put it in
repair, and here that statesman died on jan
uary 27, 1893, shortly after he resigned as
Seci etary of State under President Harrison
The attempt to kill Seward in this building
only failed by a miracle after Lewis Payne
Powell, otherwise known as Lewis Payne, had
gained entrance to the house under the pretext
of being a physicians messenger, and found
his way to the Secretarys bed room on the
second floor, where he met Frederick w. Seward,
of the cabinet officer, whom he injured
severely that he lay unconscious for several
days. The Secretary received three dagger
wounds but none of a critical nature. A
marble bust in the National Museum shows the
scar left by one of the slaSheS he received over
the face. He saved himself from being killed
by rolling off the bed onto the floor, the
bed being about foot away from the wall.
Mr.. Seward died in Auburn, Cayuga County,
N. Y on October Is, 1872, and was buried in
Fort Hill Cemetery. In New York City statue
of him was erected in 1877, of which writer
has said:
THE bronze statue of Mr.. Seward recently
placed in Madison Square in New York is the
memorial of a citizen who had certainly de-
served well of his country and of his State.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-08

enough to select him for the highest post in
his cabinet-ths Secretary of State.
Seward was eight years older than Lincoln,
had served in the New York State Legislature,
had been Governor of New York, and when
made Secretary of State was serving his
twelfth year a United States Senator.
He was born in Florida, Orange County, N. Y.
May 16, 1901, and was of Welsh and Irish
ancestry, though for several generations his
forbears had residence in this country his
paternal grandfather, John Seward, having
been a colonel in the Army of the American
Revolution. His father, before the birth of the
eminent statesman, removed from Virginia,
where he both a merchant and physician.
He early formed fondness for books, and.
indeed, when quite young performed the I'M
usual act of running away from home in order
to attend school. At he entered the Farmers
Hall Academy in Goshen, which we are told
also numbered among its pupils at different
times Noah Webster and Aaron Burr. He
entered Union College when Is and graduated
therefrom with high honors, and later studied
law and was admitted to the bar. He was
hailed almost from the start as an able and
conspicuous lawyer and judge.
His aspirations for the presidency were early
formed and his friends were keenly disappointed
when John C. Fremont received the nominal
ton of the Republican party in 1856 instead
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-08

Later it was the home of Vice President Hobart,
and during the Mckinley administration when
occupied by Senator Hanna it was called the
Little White House" Secretary Cameron died
near Maytown, Lancaster County, Pa, June 26,
1885, interment in Harrisburg Cemetery, Pa.
Edwin NJ. Stanton an able lawyer, succeeded
to the Office of Secretary of War and filled tha
position so well that there some who say
he was the greatest of all Secretaries OF War;
Lincoln must have been genius for selecting
the members of his cabinet well as fox
doing other things. Indeed, here was a man
who had ridiculed the President unmercifullY
almost up to the very day of his selection poll
tically was q Democrat and had served as
Attorney General for the last three months OF
President Buchanans term, and whom Lincoln
was appointing to be one of the most important
of his cabinet officers.
THE President had met Mr. Stanton before
in Neutrality-suspicious. years before. Shortly
after the latter in 1859 took up his permanent
residence in this city in suite of rooms ON
street, two doors west of the Metropolitan
Church. recently purchased by the District
government as a part of the Municipal Center.
Here the great War Secretary placed on the
door-post the sign he had brought from Steu-
benville, Ohio and which was never taken down
while he lived.
Of Stanton it is said, he was FLOODED
and hard-hearted. Though more fitting word
perhaps would be "hard-boiled." For close
study of the man, the times and the conditions
that confronted him would show him to have
been but rigid discipiinarsan-an absolute
necessary qualification for Secretary of War
during conditions as they existed between 1861
and 1865.
GTANTON had heart, and heart, too, that
could be touched, but he did not let his
sympathies run away with his better Judgment.
He also felt that the Army should be in the
field fighting and the officers not on dress
parade Upon one occasion, it is related, when
visited at the War Department by q general
officer. he greeted him thus brusquely: Come,
sir; what are you doing in Washington? II
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-08
BY JOHN CLACETT PROCTOR.

-H HE cabinet of Abraham Lincoln dur
ing his first administration was
composed of an unusually able and
brilliant set of men, naturally Sc
lected with the utmost care because
of what seemed to be the inevitably impending
civil strife-men of mature age men OF wide
experience; at least six being distinguished
LAWYERS and three having been editors No
group of men before or since that day have
been better fitted as public servants to occupy
positions in the cabinet Of the President.
Lincoln appreciated as much as any man
possibly could the need of a set OF intellectually
strong men at his back, and, like all truly
great men who are not afraid OF being echpseo
by other great men, he sought ana obtained
the foremost talent of the country to head the
executive branches of the Government. Nor
did he consider political rivalry for the exalted
ONCE to which he had been selected as bar
to his official family. for Of the men ne
selected Seward and Cameron had been
among the chief contenders for the Repuohcan
nomination at the Chicago convention held the
year before, and Bates ana others were III d
receptive mood.
Indeed. on the first ballot Seward secured 173
votes or II votes more than Lincoln, while
Bates received 81, Cameron, so; Mclean, IL;
Wade, 3, and Dayton, IA
On the escond ballot Seward received 1S41a
votes while Lincoln was but three votes behind,
with but 38 scattering votes, which in the end
would determine the victor. On the third vote
Seward nearly held his own, losing only 312
votes, while Lincoln received 228-2o3 being
necessary for a choice. Then according to
The Star of May 19, 1860: "On motion of Mr..
Evans of New York the nomination of Mr..
Lincoln was made unanimous" and "the con-
vention at 1870 o'clock adjourned till o'clock
amidst the greatest excitement"
COME one has said that politics makes
~ strange bedfellows, and especially Is. 1t
noticeable that rarely does an unsuccessful OPP
ponent, especially for nomination in a po-
litical contest, receive any consideration If the
nominee is elected. But Lincoln regarded Seward
as great man, and was hi-~-elf broad-minded