davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1931-08-24
Flyer Seeks To
Set New Mark

LOS ANGELES, Aug. "a. U,P)-
Louis Reichers, New York aviator
today announced his intention of
taking off at $3.50 a. m. tomorrow
for New York in an attempt to set
a new transcontinental speed rec
ord.
Reichers said he was waiting upon
the weather before making a final
decision as to his flight. His first
stop will be at Wichita, Kans.
He is flying the new $4,000 mon
oplane belonging to Bernard Nc
Fadden, New York publisher.
Imperial Valley press., 1931-08-24

The Oregon State College has
sold to C. F. Humphreys, San Fran
cisco, % grade Jersey heifers and
one purebred Jersey bull.
Imperial Valley press., 1931-08-24

F. K. Spaulding, Sunnys d e :,
Washington, reports a Royal Anne
cherry tree that this year produced
1850 pounds of fruit.
Imperial Valley press., 1931-08-24

Continued on page g.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

BY the Associated Press.
NEW YORK, April 23.-The following
Is a summary of important corporation
news prepared by the Standard
Statistics Co, Inc, New York, for the
Associated Press:
News Trend.
Railroad reports of net operating
income for March. while still too few
give basis for useful conclusions. in
dictate a comparison with March of 1880
considerably better than the comparison
made by February results with the year
before. The first seven roads reporting
showed an aggregate net operating in
come of 60 per cent under last year,
1t is believed however, that subsequent
reports have shown greater drop, al
though not as great as the aggregate
decline for February.
Domestic production of small cigar
cites in March showed an increase over
March 1880, of about 7 per cent, ac-
cording to reports of the Bureau of
Internal Revenue. based on stamp taxes.
Such a gain. if in response to greater
demand. must be considered en-
couraging.
Reports Of corporation results for
the March quarter are being received
in large numbers, the majority COM
pairing unfavorably with the same quar-
ter Of 1880. Exceptions reporting
higher earnings this year include
Chesapeake Corporation and Parker
Rust Proof.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23
Buying for Profit

This is the ninth OF series Of ar
ticleS discussing the dpDHcnt.on o. IN
Uestmeut principles to present ar con
djtfors IN business and ~ secHTities1
Something is to be learned about the
rating of an investment security from
the market price. The current quota
ton. assuming that the stock or bond
is outstanding in sufficient amount TO
give it an active market, represents the
public appraisal of its quality, and
while this is not an infallible guide II
is helpful.
Generally it is better to express the
quotation in yield rather than IN dol
lars, that is to say, in percentage OF
return to the investor at the market.
For example. as this is written, the best
grade Of corporate securities return from
"A to 434 per cent if they are taxable
and from 334 to Al per cent II they
are non-taxable. Whenever there is any
wide variation from these limits 1t
either requires explanation or casts
some doubt on the rating.
Now. the price level for investment
securities varies inversely with the
money rate. If money commands
high rate, quotations for prime PONDS
are depressed, and if money IS In
abundant supply and loans at low
rate bond prices advance. Ine I'M
deviation from the average price OF
other securities supposed to be OF the
same grade.
In times of stock market panic, such
as that of the Autumn of 1929, the RUE
does not hold, because on those occa-
sions high-grade securities are sacri-
feed to raise cash and sellers take what
buyers are willing to give. In times OF
extreme depression after the panic al
loWance must be made for the fact
that investors who have been made eX-
cessively cautions seek safety above
everything else and pay fancy prices for
these same securities they were Sacrl-
ficing when the crisis was acute.
1t is the normal sequence OF events
that recovery in trade and in the specu-
lative markets is preceded by an upward
movement in these extremely conserya-
tive investments. Still, all this may be
taken into account and light thrown on
the desirability of any specific issue by
the market price.
(Copyright, 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23
STOCKS DROP AGAIN
AFTER BRIEF RALLY
Market Turns Sharply Down
ward to New Low Ground
for Slump.
BY GEORGE T. HUGHES,
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, April 23.-Acute weak
ness developed on the Stock Exchange
again today and the market turned
sharply downward to new low ground
for the movement, with both rails and
industrials under pressure.
For an hour or two there was q par
tial rally, due largely to short covering
but it did not last, and early in the
afternoon selling was resumed in vol
ume.
Opening prices showed fresh declines
and new lows in many important issues,
but after a half hour Of business a
covering movement developed and the
whole list recovered 2 to 3 points for
standard stocks and more for the spec
Ilative specialties. This phase was in
turn followed by renewed pressure and
the appearance of buoyancy was lost.
Opinion in the street was strongly
that a rally was in order, simply be
cause the decline had gone so far and
had lasted so long. 1t was not argc-~
that there had been any change in out
side conditions, but that the worst had
been discovered for the present at least
1t was on this theory that the early
buying was conducted.
Among the new lows at the start were
those in the oil list, including Atlantic
Refining, Barnsdall, Standard Oil of
New Jersey, Standard Of California and
Phillips Petroleum. In the railroad list
New York Central and Pennsylvania
went through their previous resistance
points the two last named rallied when
the covering got under way, but Bal
timore & Ohio, which had also made
new low in the first hour, continued
weak. dropping below $50 share with
out meeting support.
United States Steel was up at one
time more than 2 points on the day
but met offerings on the advance and
reacted It was predicted in circles
usually we'll informed that the regular
dividend would be declared at next
weeks meeting. but this opinion did the
market little good.
Acute weakness in the amusement
shares probably had as much to do
with checking the rally as anything
else. Selling in Fox Film was agrees
siye and the stock broke badly to a
new low for the year, carrying down
with it Paramount-PubliX and the other
theatrical shares. Westinghouse Elec-
trio was another poor performer, re-
covering slightly early in the day only
to turn downward and make its new
low.
Special selling came into International
Cement rejecting concern over the
price war in the trade. Utilities
declined more or less, with signs of
liquidation in American Telephone 81
Telegraph For a time Public Service
Of New Jersey was higher and so was
Consolidated Gas, but neither could
hold the gains.
Copyright, 1879
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23

higher. due to operating economies:
sales off.
International Paper g. Power.-Pres-
ident states that if company meets SIS
a ton reduction in newsprint company's
gross loss would be about So, SOC, 900
annually should demand remain I'M
changed.
Kirby Lumber Co 1890 deficit $237.-
734, against net income $619,801. equal
to $12.40 common share in 1929
New York, Ontario e. Western Rail-
way March net operating income $780,
3l3. against operating income Sl5.534.
Northern American Aviation, sub
sidiary Eastern Air Transport, March
airmail volume of 1927 pounds sets
new record, compares with 4S,739 year
ago.
Pennsylvania Dixie Cement current
untitled orders about the same as year
ago; selling and administrative expenses
cut $l02, 400 in 1890.
Standard Oil IN. ~ to cut bunker
fuel oil price at Boston, Baltimore and
Norfolk 10 cents a barrel
Sun Oil current crude oil output
around $4,000 barrels daily potential
daily production. 100000 barrels.
Swedish Match Corporation-l5 per
cent dividend declared for 1890, same
as paid in 1929; 1880 profits reported
at S20.250,000
Third Avenue Railway Committee Of
Whole of New York City Board of Es-
Inmates alleges $978,078 is owed to city;
court settlement may be necessary.
Trans-Lux Daylight Picture Screen
settles litigation with News Protection
Corporation; new company to be formed
to consolidate movie ticker business OF
both companies
United Stores Corporation SO pre-
ferred share earnings, six months to
December 81, S285.
Western Dairy Products March quar-
ter net income, before subsidiaries pre-
ferred dividends, sos, 432, VS.. $65,112.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23
MILLER TRAIN CONTROL
BUSINESS IMPROVING
sncclal DIspatch to The slar.

Special Dispatch to The star.
STAUNTON, Va. April 23.-The new
method Of controlling traffic signal
lights with trafilators instead Of arbi-
trary timing is gaining attention, the
Miller Train Control Corporation re-
ports. An officer Of the Miller company
stated today that orders for radiators
have recently been received from cities
and towns in Virginia Maryland, New
Jersey and Pennsylvania.
II was also stated that the Miller
company had received permission from
the Commissioners Of the District Of
Columbia to install radiators in the
city of Washington at the intersection
Of Wisconsin avenue and McComb
street northwest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23

L ne companies.
Allegheny Corporation March quar-
ter common share earnings, l cent VS..
9 cents.
American Wooden sales running about
10 per cent above year ago.
Chesapeake Corporation March quar-
ter common share earnings, SO cents
VS.. 85 cents.
Chicago Railways March gross earn
ings of surface lines off AS per cent;
operating profit up CTS per cent.
Commercial Solvents March quarter
common share earnings, 81 cents VS.. 80
cents
Dunhll International 1880 common
share earnings, IA cents vs.. S5.47.
Emsco Derrick e. Equipment-Small
profit estimated for first quarter; work
ing capital position reported strong
foreign orders said to assure protracted
QUESTION discussions with youngstown
Sheet e. Tube subsidiary indefinitely
deferred.
HolIinger Consolidated Gold Mines
Ltd, March quarter common share
earnings, 20 cents against % cents be-
fore income tax in 1880.
Intertype Corporation March quarter
common share earnings, rs cents against
90 cents.
Link Belt Co. March quarter common
share earnings, Is cents against 80
cents
Niagara Hudson Power first quarter
electric sales off 1876 per cent; IL
months, off 10 per cent; first quarter
gas sales off is per cent; y months, up
1.3 per cent
Parker Rust Proof March quarter
common share earnings, $2l4 against
Sl.56.
Perfect Circle first quarter sales up S
per cent; export sales up 81 per cent.
United States Hoffman Machinery
march quarter deficit, s76.432 against
net income S26,380 equal to II cents
common share in 1880
Westinghouse Air Brake president
states no change in companys dividend
rate is contemplated.
Youngstown Sheet & Tube-Acquisi-
ton discussions with EmSco Derrick g.
Equipment indefinitely deferred.
Baltimore & Ohio Railroad first
quarter deficit reported around ST.
100000.
General Motors Chevrolet plants
placed on fun 5l2 day week schedule
production reported will exceed months
schedule of $4,000 cars; $4,000 employ
ees on payroll.
Hercules Powder March quarter COM
mon share earnings, cents VS.. 88
cents.
Seeman Bros. common share earn
ings, nine months to March 81, 1891
VS.. S4.55
Warner Bros. Pictures-Acquisitio
negotiations for Northern New Jersey
houses for Fox theaters denied; to re-
lease 10 features during year.
Atlantic Coast Line Railroad--Around
S6,500000 freight revenue estimated
lost in 1880 because of truck COMPETE
ton; experimental rate cuts met by
motor trucks.
Atlantic Refining subsidiary reduces
crude oil price to 90 cents a barn ell
in Pettus and Refugia fields.
Canadian Car g. Foundry.-President
states common and preferred dividends
assured for some time to come
The Fair February and March profits
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23

Regular air service between Marking
and Peiping, China, has been inaugu-
rated
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23
BANK OF ENGLAND.

LONDON, April % (4).-The weekly
statement of the Bank of England
shows the following changes in pounds:
Total reserve increased 6,457, 600; cir
culation decreased $4,000; bullion
increased $4,000; other securities de-
creased 3,746, 900; public deposits in
creased 5,492 900: other deposits de-
creased 6.l73.000; notes reserve in
creased 6.47l 600: government securities
decreased 1880
The proportion Of the banks reserve
to liability is $500 per cent. compared
with 4949 a week ago.
Rate of discount per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23

This is the ninth OF series Of ar
ficles discussing the application OF in
restreut principles to present ar con-
ditfoEs in business and ~ secHTItleSl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23

6lCC JiOIl VI UNIV .
O. How ard Wolfe
of Philadelphia was
elected president
succeeding @ u y
EN- c rsC n, New
York City; H. Lane
Young Of Atlanta
Ga. was made vice
president and Clark
@. Mitchell OF
Denver was elected
treasurer.
Robert V. Flem-
ing. presi d c n I,
Riggs National, TINS
city; John H.
Hogan of Chicag },
Harris C. Kirk OF
san Francisco and
7 oe1;a A Thornton
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23
FLEMING HONORED
AT BANK FARLEY
Reserve City Bankers Elect
Head of Riggs Director
for TWo-Year Term.
BY EDWARD c. STONE.

washington bankers, who attended
the annual convention Of the Associa-
ten of Reserve City Bankers. at Rich
mond, returned yesterday, following the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23
NEW YORK STOCK EXCHANGE
Received by . Th
Individual sales

Note-Au stock are sold hundred share lots
excepting those designated by the letter (S0s 2SOsl'
which shows those stocks sold in odd lots
Individual sales compiled to noon-cOmpce in $50 Edition
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-11
GERMANY FACES SHORTAGE.
Wheat Needs Estimated at 12,000,0o
Bushels by Official.

BERLIN. August II (P).-Germany's
estimated wheat prospects are 100000
tons 12, 600. 900 bushels) short of her
requirements, Martin Schiele, minister
of agriculture, said last night in radio
address He discussed the emergency
decree issued last Saturday to alleviate
the financial situation of the German
farmer
At the same time Schiele announced
that the proportion of German wheat
which German millerS will be compelled
to grind into -four for home consumption
has been lowered from 81 to 20 per cent.
The government, he said. will permit
mills with large stocks on hand to ex-
port wheat II they wish. granting them
certificates to reimport upon payment of
marks per hundred Kilograms (about
IA cents n busheD.
Only 40 per cent of the amount ex-
ported could be reimported before
January /, 1882, he said, and the rest
thereafter Exporters are to be given
preferential treatment at the Reichs-
bank. where their rate Is to be per
rate stands at 10 per cent. with a pro-
portional narrowing of the spread as
the banks rate is lowered
The government has set aside $780,
900 900 marks for financing operations.
Herr Schiele said. and it is still delib-
Grating what amount of money the
banks will advance to farmers who want
to store their crops with the government
against negotiable warehouse receipts.
He estimated Germanys rye require
ments would absorb the crop prospects
about 1900 900 tons--leaving no export
able surplus.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-11
'GERMANY'S WHEAT
OFFER UNCERTAIN
Farm Board Denies Knowing
Anything Officially OF
Grain Deal.

The Federal Farm Board had little
hope today of immediately receiving
the purported German proposal TO pur-
chase some ~ 900, 600 bushels of its
sterilization wheat. Oficials were un-
communicative concerning the oEey.
in tie absence Of its receipt. end pre-
feSsed 70 know nothing about 1t beyond
the cable dispa tches TO the effect that
such an offer was to be made
Any sale of wheat by the Farm Board
would be acceptable. Senator Gerald
p, Nye, Republican, North Dakota. said
today. but he advanced the opinion
that sales OF sterilization wheat to for
eign governments should be replaced
from the current crop. which. when
harvested. will show a substantial sur
plus. Southern Senators had made
similar demands on the board with
respect to cotton.
Denies IL Would Be Felt.
The German offer for % 900 600
bushels of wheat. should II mature.
hardly would be enough 70 be felt in
the wheat belt. Senator Nye said.
AT the same time, it appeared the
expectation OF q renewal of the Ger
man offer for substantial part. of the
100000 sterilization cotton controlled
by the board was more or less ground
less The first German Offer, IL was
disclosed, would have returned to the
Farm Board only about IS cents on the
dollar
Farm Beard ofacials remained I'M
communicative concerning the amount
OF cotton Germany wished to buy on
long credit terms. though 1t was gen.
orally understood the amount was 60O.-
900 bales, with an option on 200. 900
more,
Believed Courtesy"
In well informed circles 1t was gen.
orally considered the German offer was
more of a courtesy" than a serious
proposal, the German government wish
ing to make gesture in return for
Ambassador Sacketts suggestions that
the Farm Board would be willing to
advance cotton on favorable credit
terms
Whether gesture" or not. the Farm
Board is ready to negotiate a deal with
Germany at any time, it was said,
should the terms be satisfactory.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-11
QUAKE HITS JAPAN
in TYPHOON'S WAKE
City 100 Miles From Capita
Is Shaken-TWo Islands
Ravaged by Storm.

Vy the Associated Press.
TOXIC, August l1.-Japan suffered
greatly from the elements today md
yesterday. There were five known dead,
scores injured, thousands Of buildings
destroyed or damaged and many fish
ing boats missing.
The known deaths and damage re-
suited from a typhoon that swept the
islands of Miyako and Ishigaki IN the
Loo Choos, south OF Japan. Two erup-
lions OF the volcano Asama, near Karui-
zawa, showered the surrounding coun-
try with ashes and small stones.
Quake Hits City Near Toxic.
Citizens ran into the streets at Hama
matsu, Shizuoka prefecture, about 100
miles southwest of Toxic, when an
earthquake shook the city shortly before
midnight. The town was in darkness
for hours, but no damage was done
other than the breaking of electric
lines.
The quake also was felt at Yokohama.
only a few milFs from Toxic. and at
Osaka. Nagoye, Atami and Shimizu.
1000 Buildings Destroyed.
Authorities estimated 1000 buildings
were destroyed and 1000 homes dam
aged by the typhoon on Mtyako Island.
At Ishigaki hundreds Of houses were
destroyed or damaged and eight motor
fishing vessels sank. No deaths were
reported from Ishigaki.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-11

Continued From First Page.)
crops the board has been higher 80
times than final production figures and
lower so times.
Generous supplies Of NEST important
crops were predicted yesterday although
drought conditions have materially re-
duced earlier yield estimates.
A corn crop OF 2,775, 0oo, 900 bushels is
expected: s94 600 900 bushels OF wheat;
Ito, o0o, 900 bushels of oats: 1880. 900
tons CT tame hay; 2Is.0OO, 900 bushels OF
apples: 77,100 900 bushels OF peaches;
37l .00O, 900 bushels of potatoes, and l.
7,000,0 900 pounds OF tobacco.
Wheat Fed to Livestock.
With wheat prices dragging on the
markets lowest level. farmers are find-
ing 1t an economic convenience to use ii
as a livestock end poultry feed in the
place of more costly corn and mixed
rations.
The Agriculture Department and
Farm Board have no estimates of the
amount of wheat which will be fed this
year, but it probably will exceed the
estimate of ls2.oOo.OOO bushels made
last year.
Both of these Federal agencies have
advised feeding as a means Of absorbing
a part of the 1891 bumper crop surplus
which Is adding to the already large
supply In existence. Farmers, in ac-
cepting this advice. are guided by rela-
tive prices of wheat and corn. Nov
corn brings q higher market price than
wheat.
A short corn crop year ago was
an incentive for increased wheat feed
ing. On November Is, the DEPARTMENT.
Crop Reporting Board made a special
survey at the request of Secretary Hyde
and estimated l82. 000, 900 bushels would
be fed during the Winter Whether this
figure was a true estimate will not be
determined for several weeks when tbs
Crop Reporting Board issues its annual
account of the crops disposition. Some
doubt, however, has been expressed
whether total feelings reached this flg-
ure because of the relatively light Win
ter, which allowed live stock to feed or
Winter pastures.
That farmers are feeding and stor-
ing their wheat crops to ease the bur-
den on current markets is apparent 1r
the reduced carload totals arriving al
terminals, as compared with average
years Merchants have accepted wheat
In exchange for debt obligations, thus
tending to tighten the burden OF the
Southwest farmer Vacant stores AND
houses nave ben turned into temporary
granaries to hold these stores.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-11
PARALYSIS RESEARCH
is AIDED BY TESTS
MADE ON MONKEYS
lcontinued rrom F1rst Page )

ACOEtuluSu rum Etok IoSNsf
"fiiterable viruses" like those that cause
yellow fever and smallpox. The germs
in this group are so small that they
pass through the finest filters that can
be devised and 80 cannot be filtered
or strained" out of q solution and ex-
amined.
scientists are not absolutely sure
whether infantfle paralysis Is spread
bv contact or In some other way. 1t
urevafls In Summer. while most dis
eases spread by contact reach their
height in winter or early Spring. when
people are closely crowded together
indoors Children from 70 5 years
old are most susceptible. majority
OF cases occur in children under 10
An explanation OF these facts may
hold the clue to control OF the intec-
ton. the Institute OF Health points out
Physicians believe the reason most
adults are immune may be that the
disease Is widespread IN an unrecog-
nized, mild form. perhaps prevalent
in this form as measles.
Blood OF adults who have developed
immunity through having had the dis
ease in o mild form and blood Of
recovered infantile paralysis patients arr
used IN making serlIn1s. Stronger
serurns are needed for more successful
treatment, the institute holds. and at.
tesnpts are being made 10 develop thess
IN various animals.
Great progress IN treating the paraly,
sis, which Is the aftermath of thu
actual disease. has been made througf
exercise and massage OF the afIectet
muscles. physicians Of the Institute
point out This treatment IS begsir
after ali tenderness from the aeutl
condition 81 the disease hiss passed.