davidaulloa/AmericanStories huggingface dataset:
Evening star., 1931-12-09

So annually; 1881 earnings to exceed
IS common share.
Standard Oil Of New York reduced
tank wagon and service station gaso-
line price cents q gallon.
Western Union Telegraph $3.50 quar-
terry.
West Point Manufacturing, dencit,
year ended October 81, s1,54474a
against deficit $437,857.
Allegheny Corporation -Sizable loss
IN revenue to result from omission of
$l.25 quarterly preferred dividend BY
missouri Pacific Railway; company own
ed 234, 400 preferred shares Of latter
company as Of December 30, 1880.
National Tea November sales oil 18.7
per cent; IL months Off 9.8 per cent.
Pennroad OBSERVATION-DISCLOSURES In
income from New Haven and Boston &,
Maine dividend omissions about 81 $780,
900.
Pennsylvania Railroad-Income re-
duced about $1,20O,000 by omission OF
New Haven dividend ~
Safeway Stores November sales of =. 7
per cent; II months off 6.3 per cent.
Vacuum Oil-Gasoline price reduced
cents gallon.
Conde Mast Publications took no ac-
ton on common dividend; paid SO cents
october J.; company operating at profit.
New York & Honduras Rosario Min
ing declared TP cents special dividend.
Chicago g. Northwestern Railway
Brotherhood of Maintenance of Way
employees taking strike vote following
wage cut Of cents an hour.
National Cash Register November net
sales, 81 ,220, 1858, VS.. 1905, 5,374 In Octo-
Der and $3,o36,195 year ago.
Proctor g. Gamble-Tonnage and
dollar volume of per cent and per
cent, respectively, since start of new fis-
cal year, July /; maintaining certain
profit margin.
Evening star., 1931-12-09
CURB SHARES SAG
/. N QUIET MARKET
List Sells Off Easily on Light
/ 0fferings-Losses Are
Small. As
BY JOHN A. CRONE.
Special Dispatch TO The Star.

Special Dispatch TO The Star
NEW YORK, December g.-Lower
and active from the outset, stocks on
the Curb Exchange steadily declined to-
day, but offerings on the downside did
not greatly increase as prices reacted.
Electric Bond g. Share, the market
leader, repeatedly reache. its record
low price of 14ss, only to start upward
again until shortly before noon, when
In a small fraction from its previous
closing price Of 6as. Standard Oil Of
Indiana never fluctuated more than q
half point. .
Some of the higher priced stocks
moved widely. Duke Power opened of
AZ at 8lEa, but, encountering some
rather thin bids In that territory, quick
1y declined to 7S on the next few trades.
Singer Manufacturing had even less
dsmculty in slicing six points on its
previous closing quotation.
Prospects of increased taxes on au-
touaobiles and tobaccos caused those
issues TO turn heavy. Reports OF In
creased activity from the automotive
centers cheered shareholders, but trad
ers took the tax prospects unfavorably
and offered motor stocks On this move
ment Cord Corporation, Ford Motor,
lSJ1., dilu Vi Adhd0o n pok1
on easily on relatively few offerings.
Resuming the trend prevalent at the
close of the previous session, prices on
the Curb opened lower. Trading was
somewhat more active than In initial
dealings on Tuesday.
Electric Bond e. Share duplicated It's
previous minimum mark OF 14E on
The first two trades. Cilles Service at
~ was on II, but later rallied. United
Nxht g. Power A at 8% lost II. Ma
tl1nal Bond e. Share was the feature Of
Investment trusts as it opened In q
11oek of $500 shares at 22A, OF "a,
snd at new low for the year.
1rAnscontinental Air Transport was
tane soft spot In the air shares. Great
Atlantic e. Pacific led a rise of food
shares, with an initial gain of points
to ITO. Singer Manufacturing opened
on q point at 165. Gulf Oil moved
higher the first few trades Humble
OIL, at 50h, rose " Standard OIL Of
Indiana eased after opening unchanged.
Evening star., 1931-12-09
CARRIER REGULATION
IS URGED BY BOARD
BY the Associated Press. &.

BY the Associated Press.
Legislation for additional regulatory
authority oyer common carriers by wa
ter, covering minimum rates, and re-
striction Of common carrier services
operated by private industries or by
companies owned or controlled by such
industries. Is recommended by the Ship
ping Board in its annual report.
Government regulation Of common
carriers by water is not Sufficiently
strict" said T. v. O'Connor, Chairman
OF the board. "The present looseness OF
authorlty gives rise to many abuses, y
he said. II the carriers could be made
TO file their actual, instead of. their
highest, rates, these abuses would be
more easy to guard against"
!. Additional authority is also needed in
the case OF common carriers owned OF
controlled by private American indus
tries, who may sometimes be tempted
TO place their own interests above those
Of the general public, the board said.
Based on long study of the situation,
the board declared this regulation should
be frightened up.
Evening star., 1931-12-09
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, December 9.-The fol-
lowing is a summary of important cor
poration news prepared by the Stand
ard Statistics Co. Inc, New York, for
the Associated Press.
News Trend.
Daily average crude oil production
In the week ended December was
2,449, $50 barrels, which compares with
2,420,1o0 barrels In the previous week.
an increase of 29,750 barrels, accord
ing to the American Petroleum In
st1tute. Oklahoma production was
81 200 barrels greater and East Texas
rose 10,400 barrels, while California
output declined 10,400 barrels. 4Gaso-
line stocks at refineries increased 571,-
600 barrels to a total of 34,256, 900
barrels on December 5.
Revenue freight car loadings in the
week ended November % were natur-
ally much lower due to the Thanks
giving holiday, but the decrease was
greater than the normal seasonal de-
cline According to the American
Railway Institute, actual loadings
totaled 558,8o7 cars, against 653,503
cars in the previous week and, 70l, ,050
ears in the like week of last year. De-
creases were reported in all COM
modities. -
The Companies.
American Brake Shoe g. Foundry
Dividend meeting postponed to Decem-
Der is.
earnings, IL months to october 81, of
all per cent; earnings for reserves and
Federal taxes oil. 5l.3 per cent.
Emerson's Brono Selzter-Declared
extra dividends of so cents each on
class A and B common stocks. .
Illinois Central Railroad-Salaries Of
other than contract employees to be cut
10 per cent, effective January /.
Loblaw Groceterias, Ltd.-Net income,
"a weeks to November II, $414,035 VS.
$439, ,587.
on preferred dividend; paid $1.25 Octo-
shubert Theater-Dencit, period June
80 to October 20. $1,187 900.
Texas g. Pacific Railway-Takes no
action on common dividend; paid $1.25
September 80.
Universal Consolidated Oil-Deficit
10 months to October 81, 4185,884.
Boston g. Maine Railroad passed
quarterly dividends on nrst preferred
class A, B, c, D and =, and on s per
cent plain preferred; last payments on
each class made October I; dividend
requirements of first preferred stocks
not expected to be fully covered in cur
rent year; prior preference dividend to
be earned nearly twice over.
Canadian General Electric declared
81 quarterly common dividend; on jan
uary 2 also paid extra dividend Of 81.
! Canadian Industrial Alcohol. Ltd.
deficit (Canadian currency year ended
September 80. sss2,247 VI. net income
IRWIN Air Chute declared 12h cents
common dividend: formerly paid Is
cents quarterly.
Mead, johnson d 90. declared rs
cents extra and rs cents quarterly COM
mon dividends; on october paid extra
dividend Of SO cents. ~
National Bellas Hess November sales
of 23.5 per cent; II months on 8.3 per
cent. -
Shell Union OIL subsidiary reduces
tank wagon and service station gasoline
price cents gallon. ...s
\ United Verde Extension Mining No
vember output 2e.6 per cent.
Virginia Railway declared $50 Qa1-
esrly common dividend; formerly ~
Evening star., 1931-12-09

medium, 600-1 800 pounds, 375a7.7
heifers, good and choice 550-850 pounds
6.50a9.50; common and medium, 3.00a
$50; cows, good and choice, 3.25a5 90
common and medium, 2.50a350 low
cutter and cutter, 2.00a2.75; bulls
(yearlings excluded, good and choice
(beeD, 4.00a4.75: cutter to medium,
2.5oa4.l0; vealers (milk fed, good and
choice, 5.25a7.O0; medium, 400a5.25;
Gull and common, 3.00a4 90; stocker and
feeder cattle: Steers, good and choice
500-l ,050 pounds, 5.00ae.25; common
and medium, 3.50a5.00.
Sheep-Receipts, $4,000 head; steady
TO weak; tendency lower; good to choice
fat lambs, 5.50a800 to packers; closely
sorted kinds, bid 6.15 by city butchers;
throwouts, 400a4.b0; fat ewes, 2.00a2.75.
Lambs, 90 pounds down, good and
choice, 5.5oa6.36; medium, 4.5oa5.50; all
weights, common. 350a4.60: ewes, 90-150
pounds. medium to choice, 1.50a3. 90;
all weights. Gull and common. l.25a2 90; /;
feeding lambs, so-75 pounds, good and
choice, x.s0a6.0o.
Evening star., 1931-12-09
BY CHARLES r. sPEARE
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December o.-The list
of figures issued by the New York
Stock Exchange gives 1888 as the aver
age price Of all listed stocks, the low
est in more than ive years. A detailed
analysis OF the active trading issues
shows that over so per cent sold below
$40 . share. In this group Of 272 is
sues there were 161 quoted under IS
o share. Dividing this section still fur
ther, 1t Is found that many are selling
under - q share and not q few are In
the fraction category.
Blue Chip Lit Dwindles.
Then there are 157 stocks, or about
2T per cent Of the total In the range
between $25 and $40 share. A large
proportion Of this group are selling be-
tween SIS and $40 share. In the group
between. $50 share and $25 q share
there are ss members, or is per cent
OF all OF the shares sold on Monday.
Consequently, 80 per cent of all
stocks traded In at the present time
sell from $50 q share down to less than
81 a share. The number of stocks above
500 share was reduced in the Oc-
tober decline to about dozen. It has
since increased among the industrials
and public utilities, but has suffered a
reduction in the railroad group, as this
has steadily declined to new low
average.
The predominance of extremely low
priced stocks means that a consider
able portion Of the day-to-day trading
must be done on a cash basis. Brokers
are unwilling to buy stocks at IS a
share or under except when full pay
rnent is made by the purchaser In
the case Of stocks quoted between IS
and $40 q share, where they are of good
quality, the policy Of commission houses
Is TO carry them on . SO per cent mar
gin II the customer wishes to make only
q part payment. Better terms still are
available to those who purchase stocks
quoted In the higher-price brackets.
Ordinarily banks are unwilling to ac-
cept aS collateral for loans stocks sell
ing ut the present minimum price
levels. The situation today is that
there are in loans many shares that
Evening star., 1931-12-09
Business Notes

NEW YORK, December e-Reaistra-
taons OF buyers in the New York whole
sale merchandise market during the
week ended Tuesday showed n, In
crease compared with the preceding
week and for the corresponding week
last year, according TO lists rublished
IN the New York Times. The total for
the week was SIT. against 4ao ia the
previous week and 585 in the like period
of 1880.
Sales Of women's fulI-fash,oned and
seamless hosiery for the holiday trade
nave been holding up fairly well. with
severAl mills producing low-end eoods
soio up 70 the end of the year. Major
empna6ls u being placed on merchau-
olse 70 retail at SO and SO cents. II was
indicated In the trade. In the bstter
ranges, jacquard lace effects are NOV
ing IN fair volume.
Candy box manufacturers. who are
pooanS oaslness for Valentines day,
.u s poen forced 70 cut at least one
LILY .ILu IIom ast years prices, trade re-
pN Nc Tne pressure for lower QUO
tations Is successful, it vas saM Be-.
cause candy producers are reported TO
nave large stocks OF boxes left over
rom last year and competition Is ex.
ceptionally keen.
rams Tor consolidating New York
shpors trade Associations into one
laree group are being discussed. The
Ameilcan Manufacturers Export As
socnton. National Foreixn Trade
council and Export Manager Club Of
rev York are the three organisations
wnicn would form the nucleus Of such
10 body.
Evening star., 1931-12-09
STOCK PRICE AVERAGE DR. OPS,
TO LOWEST WITHIN S YEARS
Ninety Per Cent of Active Trading Issues
Are Selling for Less Than $50 Share.
Cash Transactions Are Rule.

have once had their place IN the. $50
to $15 price brackets. These are not
usually allowed to remain. In some
cases special loans well above ruling
rates are negotiated where the bulk of
the collateral Is represented by low
priced stocks. In other instances these
may be added to loans as sort of
"sweetening" element in them.
The fact that q stock sells below IS
q share does not necessarily mean that
It is on a dividend paying basis,
There are instances where the amount
OF dividends disbursed equals the mar
ket price OF the stock. However. there
Is no case OF this sort in stocks SO con-
splcuouS as that of q prominent indus
trial bond listed on the New York Stock
Exchange which Is now selling at $40
per $1,000 bond and paying $50 year
in interest. - - :.
Between the ranges OF IS and $40 a
snare, there are numerous DIVIDEND
paying stocks and great many divi-
dends are regularly being .disbursed on
the stocks OF companies selling between
$!0 and SIS. If there were assurance
OF the continuance Of dividends, it
would be highly profitable in these DAYS
to borrow money at the existing tina
rates and purchase stocks whose yield
run up to from three to five times
the cost Of carrying charges.
Group Ratings.
The New York Stock Exchange mar
ket values of November 80 show the
highest average for the communica-
tions group This is due to the fact
that 1t includes American Telephone &
Telegraph, which Is selling at about
130 and whose relatively high price off,
sets such quotations as about $l2 q
share for International Telephone g.
Telegraph and $6 share for Radio
Corporation. The gas and electric op-
Grating companies as we'll as those in
the tobacco chemical and food indus
tries also show averages weif above that
OF the general list. Even the railroads
stand at an average about 5 points
aboye the total average Of 1889. Those
that are below an average Of $40 a
share are the amusement, aviation,
shipping and garment groups.
tCopyright, ls51)
Evening star., 1931-12-09
CHICAGO LIVE STOCK MARKET

CHICAGO, December 9 (A9 Omitted
States Department Of Agriculture, .--
Hoss-Receipz $1,000 head, Including
1000 head direct; steady to veal ;
spots, salo lower; top. 4.35: 11o-Iao
pounds, 3.75a4.2S: pigs. 3osaa an.
packing sovs, s.7oa3so. Idsht uoh,
god and choice. l4o-loo pounds afas
AIS; light weight 10000 pounds ons
4.3S; medium weight 200-2so nornds
l.7oa4.35; heavy weight 25o- -3so po,,nds
4l5a4-30; packing sows, medium anS
good. 7so-5oo pounds, s.e5aS 90. piss ana
good and choice. Ioo-lso pounds % i,s,s
3.75. ''ooa
cattie-i<,ooo head: calves soo
head; general market at stanast,,,. uo !.
most early bids and few eariv s.'a. s.las
weak to as lower; largely steer % r,,s, :
with medium grades predom,nat,@nn. @
early Top yearlnes, io75, weirhfy
Slaughter cattle and vealers s,....
good and choice 600-9o0 po,,na. az
1i.eo: 1oo-I.ieo pounds, 7sp.t /, ~ " !.
l,lo0-l 300 pounds, 7.50ei2 op, ! NM
i6oe pounds s.sSaia.oo; seuu,on AN Ana
Evening star., 1931-12-09
GENERAL MOTORS SALES
TO DEALERS REPORTED
BY the Associated Press.

NEW YORK, December g.-Total
sales OF General Motors Corporation
cars to dealers last month, including
Canadian and overseas shipments, were
29,359 Units, compared with 25,S75 In
October and 51,257 in November, 1890.
November sales to American consumers
were 34,673 units. against 4s,042 in
October and II ,757 year ago. Sales to
American dealers totaled 23,7l6 cars.
against Il ,3o5 in October and 4s,I55 In
November Of last year.
The corporation said the sales COM
parlson Tor November was unfavorably
affected by the fact that the new
Chevrolet was introduced around the
middle OF the month In 1880, whereas
this year it did not appear until De-
cember 5.
Evening star., 1931-12-09
Lake Erie Ore Receipts.

CLEVELAND, Ohio, December IP,
Ore receipts at Lake Erie ports fnr
the shipping season now ending held
Yesterday at so per cent Of last wears
cargoes. 'S~A
Docks handled l4,75e,4 tons Of ore
u 1881, compared with last year when
end Of the route. ''
Conneaut, Ohio, leads ali port. IN
season receipts with 3,63I ,s02 tons Re.
ceipts other than Lake Erie porSs Il.
tailed 8,476.707 tons, With South Chi
caso closing second TO Connesut q III
largest receiving port.
Evening star., 1931-12-09
NEW SECURITIES,

NEW YORK, December 9 OP.-Nev
securities to6ay include:
Federal intermediate Credit Banks
$4,000, 900 Az per cent .debentures, at
par. by fiscal agent. . .
Town Of Keaxny, N. j., $500, 900
yatfr supply 5 " PER cent bonds, due
December l. 1888 70 1870, priced to
yield $50 to 5 per cent. BY B. J. Van
lngen b Co.
Evening star., 1931-12-09
Short Interest.

NEW YORK, Dccerl'ccr 8 (Ep-
The short interest IN lt,e ssosl:
has been moderately rsaUesd ssEse
Thursday and its c3Vssiy2g has been tale
main factor in slightly lifting the aver
age Of prices meanwhile stocks have
been returned to houses that loaned
them. There are still about Is pxym-
inent shafes loaning at premium.
Evening star., 1931-12-09

.eral Of the important wholesale mar
kets, 1t was reported in New YORK
trade circles. Some sampling is being
done at this time. but the volume Of
sucn purchases Is running under a
year ago by considerable margin I"
Last minute orders for holiday Gift
items in the 81 and 81 price range
were numerous in the New York MAJ
ket at the beginning of the week
Producers Of metal-mounted glassware
and OF similar novelties for home and
table decoration reported stores are
not reordering as expected on articles
retailing for IS or more. An excen9
tionaly heavy volume is being done
however. on cheaper goods.
Evening star., 1931-12-09
! Scale Tests Made.
BY the Associated Prsss.

The Bureau Of Standards reports that
during the year ended June 80 last 1t
made tests Of lao scales In coal mining
sections Of West Virginia, Maryland,
Indiana and Ohio. OF which 4S per
cent were found to be correct within
the allowable tolerance of eight pounds
TO the ton. >t
In stating that this indicates con-
spieuous increase In the proportion OF
correct scales the bureau stated that
the improvement was most pronounced
in Maryland and West Virginia.
Evening star., 1931-12-09
New York Cotton

Special Dispatch to The Star.
NEW YORK, December 9.-Initial
cotton prices today were unchanged to
q point lower. Trading was in small
volume, with purchases for the trade
of1setting offerings from the South and
commission house operators.
opening prices were: December, sos,
unchanged; January SGT, unchanged:
March, SIG, unchanged; May, o33, of
l; July, $50, unchanged, and October,
6.75, unchanged.
Evening star., 1931-12-09
Mcintosh Named Bank Director.

.WARRENTON. Va, December g.
At 2 meeting Of the directors of the
Fauquier National Bank Col. J. w.
Mcintosh Of Washington and this
county was elected a member of the
board to fill the vacancy caused by the
death Of the late s. Henley Carter
Evening star., 1931-12-09

Austria has doubled IT. gasolins con-
sumption tan.
Evening star., 1931-12-09
TREASURY CERTIFICATES.
SHORT-TERM SECURITIES.

tHeporteo by j. d. w. Selisman 4 Co
Aliis Chalmers Co ss 1887 40. - - ~
American Chain Co. IS 1888 90 ei[
American Tel. & Tel sIss is4s lo3Ak i0< :
Amer. Wat wks. A. Ell S. 1884 ei a.
8altinaore Il Ohio AIS 1898 Il T4M
Beidine Hemingway Co. es 1888 30 es
Bethlehem Steel Corp. SIS 1885 s7 ~
Canadian Nor. Rwy. 4Izs 1885 90 s1M
Chi. Northwestern r. R. SIS 1888 seT
Chicsso Rock Island Is 1884 . ssh 54A
Cieve. Lor. & wheeling IS 1888
Colorado a g. Rvy gas 1895 As so
Commercial Credit Co 5Ias 1885 a7n "a
Delaware a. Hudson Co IS 1885 lo<
Denver Rio Grande 4hss 1855 go ga
Gen. Mot. Accep. Corp IS 1887 1905, l0i
General Petroleum Corp. SIS is<o 100 Iof1tS
Qsneral Public Service 5I3s 1885 A "
Grand Trunk of Canada IS 1885 81 s2n
Houston :, 4 w. Texas SIS 1888 "a
Humble Oh 5iss 1889. .... iooL ,ooIL
lAclede Gas Mght Co SIS 1884 osL, e7
Louisville a Nashville SIS 1887 81 ssH
Nsx York Cent; a H; Is 1884 ssA 50
Northwestern Telep. 4Hs iss4 - pssz
renna. r. r. Co. 6ias 1885, ee eeL
Portland General Eiec SIS 1885 % ess
Republic Iron a. Steel SIS 1870 rs sS
Sinclair Crude OIL Co 5ias 1883 aep sSu
9outhern Pacific SIS 1894 g. os al
0t. L. IM.S. Ry. r. @ Is iess al "A
Onion OIL Co. of Calf SIS 1885 s5Js "a
wsbash RWy y' CO pSseF 2, ia,s IS 1884 ies 1917
Evening star., 1931-12-09
Wifs Direct 70 The Star Once.

a1 pays1. pasmsn en- Ex dividend extra pius ~ IN Stock
DIVIDEND n,s or stock Paysble stock eAdtustmen
soct FHs plus s In .soe :soet PIq lo
Evening star., 1931-12-09

notably SLOW develounsnk d
spring purchasing y indica47 q sey-
Evening star., 1931-12-09
BONDS.

tcopyrsht. 1851 Standard Statistics Coz
Nogales international., 1931-11-25

Now that the Empress Engene hat is to go, let
IS hope it will not be succeeded by the Queen Mary.
Nogales international., 1931-11-25
Building For Prosperity

The first thing that Senator Norris OF Nebraska
urged upon his recent return to the Capital was a
appropriation of 30O0OO000O to be ex
pended upon public works to relieve the unemployed
The Nebraskan recognizes, as do many people Of 9th
er countries the sondness and effectiveness OF TINS
most popular depression nostrum. France IS already
planning a public works program which will cost g.,
0OOOOO0OO francs and take care Of the unemployed
until 1888.
The French project is designed to meet the spe--
cfc needs Of each section Of the country The coastal
cities will benefit through the 50000O0O0 francs spent
on harbor development Fifty million more francs Will
90 to extending canals and rivers, while pubhc roads
will undergo Improvement to the tune OF 50O,OOOOQO
francs.
The rural regions of France will be we'll cared
for under this public works program which includes
5OO0OOOO0 francs for the extension of electricity to
agricultural regions modernization of rural equip
ment and other improvements. Construction OF new
school buildings to cost 3OOO0O000 francs is planned
as we'll as an aoction of 100000 francs for equip
ment in technical schools. Educational institutions
in the French colonies will receive 100000 francs
for building purposes
Playground development alone will set in circu-
,ation 2500O000 francs while new hospitals and as
yns to be erected in all parts OF the country Will
release another 350000000. Fifty million francs Will
be expended in improving tourist resorts, and this
amount is in addition to the budgetary sum already
provided for that purpose. The Ministry of the Air
has secured 900 francs for civil aviation pro-
iects which mainly consists of building and improv
ing airports.
Nogales international., 1931-11-25
Politics And Personalities

The personality of Jack Garner Of Texas, con
ceded to be the next Speaker Of the House may play
an important part in American history. Mr.. Garner
is practically everything that his predecessor and
close friend, the late Nicholas Longworth, was not
lie is the frontiersnan type, bluff hearty man
whose careless dress and ruffed white coiffure was
"a contrast to Longworths correctness and suavty.
Whereas Nick" was something of dilettante in pol
tics, whose sympathies were formed by his aristro
cratic surroundings and his membership in priv eg-
ed class, Garner by environment and personal con
vction allied with what he calls 'the little man"
Throughout his career in Congress he has fought An
drew Mellon and the tax schemes designed to bear
most heavily Oh people Of small incomes.
The two men had this much in common they
were both socable and popular But Longworth was
keabity lies in his plain speaking and jolly tenn