davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23
BROKER LOANS DECLINE
TO NEW LOW RECORD
Special Dispatch to The Star


NEW YORK, January 23.-ACcord-
ing to the weekly statement of the
Federal Reserve Bank of New York,
brokers' loans decreased 500, 000, 900
and established new low of $l,757,-
100000 for the week ended January 81.
This compares with the previous low
record of 81 800, 000,0 900 on January ii
and with $3,341 100000 on January ~,
1890.
Loans for own account were $1,101,-
100000, compared with $1,132, 600, 900
on January IA; loans for out-of- town
banks were $3.50, 100000, against S343,-
100000, and loans for account of others
were $326,000, 900, compared with $344,-
100000. Demand loans constituted ST.
312, 100000 of the total, against $1,374,-
000, 1000 week ago, while time loans
were $445, 000, 900, against $445, 600, 900.
The New York Federal Reserve Bank
rediscount rate remains at per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23

placed by foorcoverings buyers this
week brought the volume of sales in
the New York market to q considerable
total, manufacturers and selling agents
report With the market practically
free of distress merchandise, buyers are
convinced that prices have been stabil-
lied in the industry and are placing
orders without pressing for special con-
cessions, it was said.
improvement in retail sales in New
York since the middle of the month has
been small, the trade reports. The be-
lief was expressed that the handicap
of bad weather earlier in the month is
not likely to be offset by the sales dur
ing the remaining nine trading days OF
January. Dollar volume was held likely
to run from per cent or more under
January year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23
FULLER DIVIDENDS.

George A. Fuller Co. has declared
participating dividend of II cents and
regular quarterly of $3.50 on second
cumulative and participating stock and
participating dividend of Sill and
regular quarterly of $3.50 on prior
cumulative participating preferred, all
payable April to stockholders of record
March 10. Year ago company paid 81 "a
participating dividend on prior prefer
red and $1.40 on second preferred.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23
COMEBACK IN AUTO
INDUSTRY IS SHOWN
Estimates Are That 100000
Men Have Returned to
Work at Plants.
BY BRADLEY w. TRENT.

Special Dispatch to The Star
NEW YORK, January 23.-The come
back in the automobile industry in the
first three weeks of 1891 may be meas
ured by estimates received from De-
troit, which place the number of men
called back to work since January l al
approximately 10000.
The upturn, coming after a virtual
shutdown by the large producers over
the Christmas period. has caused a
widespread revival that has been felt In
practically every motor car and ac-
cessory plant in the country.
Pay Roll Increases.
It is calculated that Ford now has
10000 persons at work in 40 plants
throughout the United States. The De-
troit pay roll is estimated at 10000
workers, whose wages approximate ST.
100000 weekly. The Chevrolet Co.
has just increased its pay roll by 1851
over the previous week and its present
force is said to be larger than at any
time since last Spring and represents a
gain of nearly 10000 over last Novem-
ber when new models went into pro-
duction.
The manufacturing outlook has been
further stimulated by favorable reports
from the Thirtieth Annual Detroit Au-
tomobile Show, now in progress. The
first two days attendance totaled more
than 36,500, or 1000 more than in the
two opening days of the 1880 show.
An announcement of interest to the
automotive industry was made here by
a national organization of finance COM
panies, which stated that companies
that have devoted their major efforts
to the financing of the purchase of
automobiles are now expanding their
programs to include automobile repair
demand for this service from automo-
bile owners garages and repair shops
in all parts of the country.
Plans of Financing.
Information has been sent to the
finance companies giving several gen.
eral plans of financing and survey is
being conducted to find out how many
companies in each State are willing to
undertake this work.
In many States small loan laws make
It possible for the companies to make
loans for financing repairs, with Sc
curity for their investment and on rea-
Sonable terms for the borrower. These
laws are in effect in Illinois, Indiana,
Iowa, Michigan, Missouri, Wisconsin,
New York and several Southern and
Far Western States. The security used
Is generally lien on the car.
In other States where the loan laws
do not exist the plan generally used
Is for the customer to give a note
for the unpaid portion of the bill and
for the finance company to buy this
at a discount. Notes of this kind are
generally secured by chattel mortgage.
(Copyright. 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23
TELEPHONES INCREASED.

BALTIMORE, January % Especially -
Telephones in Baltimore City were in
creased 4,1S1 last year, making total
of 1859 III service January l, 1881,
according to announcement by Ran
dolph X. Wheat, division commercial SUI
perintendent of the Chesapeake & Po-
tomac Telephone Co. of Baltimore.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23
PARIS B0URsE PRICES.

PARIS, January % (P).-A feverish
tone prevailed on the Bourse To-Day, uue
to the ministerial crisis.
Three per cent rentes, SO francs so
confines; per cent loan, 102 francs
IS centimes.
Exchange on London, 1913 francs SO
centimes. The dollar was quoted at IS
francs 5134 centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23
Application Refused.

BALTIMORE, January % Especially
In an order handed down by the Pub
lie Service Commission yesterday the
application of the Tidewater Toll Proper
ties, Inc, for authority to issue securi-
ties for the construction of a proposed
toll bridge over tina hoptank River near
Cambridge was d Kissed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23
Washington Stock Exchange

Washington Gas 6s "A"-$lOO at 1927.
Potomac Electric 6fo pfd.-10 at~113.
Potomac Electric 512 % pfd.-1 at 1083t
5 at 1094.
American Security & Trust Col at
343.
Lanston Monotype-10 at 105, 5 at los.
Merchants Transfer g. Storage CON-
20 at 100, 10 at 100, 10 at 100, 3 at
100.
AFTER CALL.
Washington Rwy. & Electric pfd.-2O
at 80.
Potomac Electric IS 1953-$5.0O at
108i5.
Merchants Transfer & Storage CON-
10 at 100, 10 at 100.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23

Practically 9 Of every 10 pounds Of
coGee exported from COLOMBIA Is being
aa[A TO the United States. I'D
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23
TREASURY CERTIFICATES.

CzechoSlovakia wants motion pictures
with Czech versions or short Czech dia-
logues and songs in foreign films.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23

1890 AM....... 456.400 1900 Noon. 274 900
1870 Pm. ...... ssO,5O0 2:1O P.M....... 221s.1OO
Dividend rates
based on the latest quarterly half yearly decleEOns
stock PAYABLE IN scrip Plus e in stock Paid
Payable in stock Plus g n
Plus n eferred X
N m n n in stock. ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23
NEW YORK STOCK EXCHANGE
Received by Pnvatsw pheett The Star


te Wire Direct 70 The Star Ofice.
Evening star., 1931-12-11
SUPER BRITISH LINER
BUILDING SUSPENDED
Work on Ship Designed to Lead
Atlantic Fleet Dropped
as Economy.
By the Associated Press.

BY the Associated Press.
LONDON, December 1.-THE de-
cision of the Cunard steamship Co.
to suspend construction on the giant
73,OOO-ton liner, by which 1t was hoped
to regain the blue ribbon Of the At
lantic, caused an unpleasant shock in
Great Britain yesterday.
In explaining its action to share
holders, the company issued a state
ment saying it was not even earning
the depreciation coverage en- old ships
and the decline in passenger and
freight traffic seems to have no limit
and the outlook for 1882 is very grave"
The new liner was to have been the
largest and fastest afioat and was to
have cost f4,500,000.
The British had locked forward to
the launching in February with pride.
Their disappointment was more than
sentimental. There were 5000 work
men employed in its construction and
Evening star., 1931-12-11

w. Pendleton Of Lexington, Va, were
selected for Rhodes scholarships at a
meeting of the Regional Rhodes Com
mittee here yesterday.
The four students were chosen from
II candidates nominated from six
Southeastern States.
They will begin their studies at Ok
ford University next Fall.
Clark, a former student of the Uni
versity Of Georgia, is now attending
Evening star., 1931-12-11
BARES S1,6DO JOB
WITH NO DUTIES
Woman Says Party Gained
Place on Pay Roll at
Chicago.
BY the Associated press

BY the Associated Press
CHICAGO, December lI.-A c0melv
brunette told the court yesterday a
dinner party in her apartment was the
lucky event that brought her a 81 500
salary from the sanitary district of
Chicago without any duties.
She could not, however, remember
the guest who she said was her spons T.
The witness at the $5,00O,OO0 sani-
tary district graft conspiracy trial was
Mrs. S. D. Huff, a former vaudeville
and cafe entertainer, who said she
was listed on the district pay roll in
1928 as Betty Tascott.
Unable to Remember.
How did you happen to get your
lob?" the prosecutor asked
Il met my sponsor at a dinner party
in my apartment one night"
do you remember his name?"
Il do not"
Nor could she remember who arranged
the party nor the names Of any Of
the guests, except Grace" second girl
in the foursome. Mrs. Huff testified
she asked the man for a job. He gave
her a card and she presented it at
the Office of Timothy Grove, district
bard president. She said she did no
work, but collected her check at the
district Offices twice monthly.
Gets Job After Election.
Another witness, MIS-. Rose Back
horz, said she was sponsored for a
job by hn "Dingbat" Oberta, gang
ster- politician. since slain, for whom
she had worked during election cam
paigns. She said she was paid SITS
and waited for something to do"
Mrs. Bertha Hensley, colored, testi-
fed she was paid $1,000 for making
political speeches for the Democratic
ticket and was listed on the district
pay rolls as a legal investigator.
Evening star., 1931-12-11
MAN, 3D., TO HUNT DEER
Tells License Clerk He Hopes to
Shoot One of Those Big Bucks.

SOMERSET. Pa, December IL (P1.-
All the hunting lore gathered in 81
years will be pitted against the deer
during the next few days.
Adam Nicholson, "a, of lower Turkey
foot township walked with the aid of
a cane) into the county clerks Office
yesterday and got a hunting license.
And I'm going to have one of those
big bucks, too" he shouted back to
the skeptical clerk as he stamped his
cane down the hall
Evening star., 1931-12-11
Female Hobo Is Shebo.

MIAMI, Fla. GP).-Chief of Detec-
tives L. o. Scarboro has coined word
to designate girls who travel in side
door Plllmans and on the blind bag
gage He called Eva Kochs, who ar
rived in freight car, "shebo," eX-
planning that it was a feminine form
for hobo.
Evening star., 1931-12-11
Regular Delivery

Over 100000 families read The
Star ever day. The great ma
tority have the paper delivered
regularly every evening and Sun
day morning at q cost of IL
cents daily and cents Sunday
II you are not taking advan-
tage Of this regular service a:
this low rate, telephone National
5000 now and service viii start
tomorrow.
Evening star., 1931-12-11

Harvard. Burwell Is attending Uni-
versity Of the South at Sewanee, Tenn.
Price Is at Vanderbilt University, Nash
vile, Tenn, and Pendleton at Johns
Hopkins.
Evening star., 1931-12-11
FIRST LIEUT.. ]. M. McHUGH, U. s. M. c..

thousands more were engaged in the
manufacture of its fixtures.
This will be almost the last straw"
said a shipbuilding authority. Already
10 per cent of the Clyde-siders are
idle and new practically all will be-"
Evening star., 1931-12-11

Both Presidents Masaryk Of Czecho-
Slovakta and Hendenburg Of Germany
entered upon that stage Of their ca
reers which was TO give them world
wide fame at the age of S.
Evening star., 1931-12-11
RHODES SCHOLARS NAMED
Four Southern Region Students
Are Selected at Atlanta.

ATLANTA, Ga, December IL P.-
Richard N. Clark, jr, of Atlanta; Clay
ton L. Burwell of Charlotte, N. c., Don
K. Price OF Middlesboro, KY, and John
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
GRAIN men OF TEXAS
FIGHT REDUCED RATE
Oppose I. C. C. Schedule on Ground
It Favors Kansas City
Region.

By the Associated Press.
CHICAGO, May Texas grain ship
pers object to the reduced freight rate
on grain schedule promulgated by the
Interstate Commerce Commission TOT
use on June /, because they believe IL
gives advantages to shippers OF the
kansas City region, 1t was brought out
TODAY In a hearing in United States
District Court where the Western rail-
roads seek an injunction against the
commission.
Frank A. Lefingwell Of Dallas, repre-
senting the Terminal Grain Co, Of Fort
Worth, which has q Separte suit pending
against the commission, asked leave TO
consolidate that action with the rail-
ways suit.
he said the difYerentials between grain
shipping rates in his territory and the
Kansas City territory would give ad-
vantages to the latter which they did
not now enjoy. Judge Walter G. Lind
ley interposed o question.
do you mean that Texas men want
this injunction and Kansas City men
do not?"
YES" replied Lefnngwell.
Counsel for the Government entered
an objection to consolidation OF the
Texas case with that Of the railroads,
and argued that the Terminal Grain
Co. had no right to file seperate suit,
but should come into the railway In
junction proceedings as an tntervenor.
The court, three Federal judges sitting
en- banc, reserved judgment on the
Texas petition.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
U. S. SEES IMPROVED
WHEAT SALES ABROAD
Department Of Agriculture Fore
casts Good Demand From
Importing Countries.
BY the Associated Press.

By the Associated Press.
Further indication Of prospects for
good demand from foreign wheat
importing countries during the next
two or three months was seen yesterday
by the Agriculture Department.
I'm France" the department said, in
a report on world wheat prospects,
there have been two successive in
creases in the quota Of foreign wheat
which may be milled. This, together
with previous relaxation of the German
restrictions and other evidences of re-
duced stocks in continental European
countries, suggests the likelihood of a
well maintained import demand"
World crop prospects, the department
said, continued generally favorable.
Conditions in Europe, while something
spotted, appeared to be on the whole
not as good as last year, but somewhat
better than average.
United States Winter wheat prospects
were said to be very favorable, but in
the Spring wheat regions of both the
United States and Canada there has
been considerable complaint of need of
moisture.
The department said recent Cana
dian report on stocks of wheat had
resulted in slight revision of the
estimates of supplies available in that
country and that as q result 1t appeared
that the surplus available for export
carry-over on April in the four prin-
cipal exporting countries, United States
Canada, Australia and Argentina, was
a little higher than on the correspond
ing date Of 1929 and much above the
level of year ago.
The surplus of these countries on
April l, 1929, was placed at 729, 200, 600
bushels, SIS. 00O. 900 bushels in 1880
and 735, 1000, 900 bushels on April /, 1881
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
CHANGE SEEN UNDER WAY
IN INVESTMENT BANKING

Special Dispatch to The Star.
BALTIMORE, May Stating that
the investment banking business Is cur
rently undergoing q change similar TO
that which the commNcial banking
business underwent hundred years ago,
DR.. H Parker willis, editor of the
Journal Of Commerce, and one of the
outstanding banking authorities in the
country, yesterday outlined for the
Baltimore Bond Club at its monthly
meeting some Of the problems that must
be solved to correct grave abuses which
have grown up in connection with this
phase of banking.
DR.. Willis expressed the Judgment
that responsibility for what has hap
pened in the country in the past two
years and is now happening lies In
large part with the commercial bankers,
who, IF they had exercised proper re-
straint over the field of investment
banking and had set limits to the funds
that could be passed on to finance the
issuance of new securities might have
avoided the excess to which the country
was led.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
BONDS ARE HIGHER
IN ACTIVE TRADING
Junior Railroad Securities
Strength Is Outstanding
Market Feature.
BY =. II. RICHARDSON.

Special Dispatch to The Star.
NEW YORK, May Bonds moved
higher today In moderately active
trading.
Strength in the Junior railroad obi
cations was the outstanding develop
ment. Missouri-Paciflcg general Is, Frisco
415s, ST. Paul SIS, International Great
Northern adjustments, Denver q RIO
Grande Western SIS and Erie Ss al
vanced from / to 3 points under
steady though only moderately heavy
demand.
While the markets general strength
was based on the virtual certainty OF .
reduction in the Federal Reserve Bank
of New York's rediscount rate, the up.
ward trend in the rails had addeo
impetus from a speech by Carl r. Gray.
president of the Union Pacific Railroad
and from an analysis published today
by nationally known statistical organ
ization. Mr.. Gray deprecated current
pesSimism regarding the future OF the
railroads, and the analysis placed the
bonds of certain secondary railroads IN
a much better light than have recent
reports Earnings reports for April are
expected to show that the rate OF de-
cline in carrier earnings has been largely
checked.
While the emphasis was placed on
the junior bonds that have figured SO
prominently in recent breaks. there
were also substantial gains in the prime
issues, such as AtchiSon general As, Bal
timore g. Ohio first As. Norfolk q
Western As, Chicago, Burlington q
Quincy general IS and Union Pacnc
first As. Allegheny Corporation os
shared in the improvement, the IS OF
1914 gaining over points. 1t was an
nounced today that additional collateral
had been deposited in security Of these
bonds in order to bring the market value
of the aggregate collateral to $50 per
cent of the outstanding bonds.
The rest of the market was not slow
to follow the lead of the railroad group.
Industrial, public utility and foreign
dollar issues generally improved.
United States Government lOng-term
bonds ran up 1892 to 6/32 in active
trading. The municipal market was re-
ported filled with bids at new high
prices which could not be met, because
of the scarcity of offerings.
In the foreign department the ad-
vance was more irregular. few issues,
particularly those of Australia. were
weak Brazil 612s, Uruguay IS, Chile 6s
and other South Americans gained to
points. In the European group Aus
trian issues were nearly point better.
German government US were up over
a point. Italian Public Utility Credits
rs, Rome 61as and Milan 612s were in
demand.
No new bond offerings were an
nounced today except the New York
City $50 Zoo, 900 of four-year corporate
stock for rapid transit purposes, which
will be auctioned May IL. There was
spirited bidding by number Of syndi-
Gates for an issue of Westchester County
bonds amounting to about $4,000, 900.
The bonds were awarded to Chase Sc
curities Corporation and Syndicate on
a bid that represented 1901 per cent
cost plus interest basis.
((youvrjvhf Ioaf
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
CHICAGO STOCK EXCHANG E
EXPELS TWO MEMBERS

BY the Associated Press.
CHICAGO, May 1.-Two members OF
the Chicago Stock Exchange were ex-
PEELED by the Governing Committee
today for unethical conduct after q
hearing that lasted until 2 am.
Charles l.. Trumbull, a partner IN
the firm Of Trumbull, Wardell 81 Co.,
was accused Of violating two sections
Of the exchange rules, conducting busi-
ness in a reckless and unbusinesSlike
manner and making fictitious trans
actions. He was alleged TO have
traded securities without involving any
change in ownership. buying and SELL
ing to himself. Harvey Cory, UNDER
stood to have q working agreement,
although not a member Of the Trlm-
bull firm, was expelled on the second
count.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
TWO 100000 SUITS FILED
AGAINST OTIS & COMPANY

ny the Asbociabed Press.
BOSTON, May 1.-Two 500, 900 suits
in equity were brought today in Su-
per1or Court against members of the
brokerage firm of Otis & Co. of Cleve-
land and Boston. The actions were
brought by Horace u. Gade and seven
other subscribers to the extent of S2O5,-
coo in the 47,5O0,0O0 utilities Syndi-
cate" which was formed In 1929.
The court Is asked to decree that pur-
chase by the members of the brokerage
company, as syndicate managers. Of
stock in the Abitibi Power e. Paper Co.,
81. Lawrence Corporation and James
McLaren Co. constituted q violation Of
their flduciary duties.
The plaintiffs state that the syndi-
cate was formed for the purchase and
sale OF stocks Of public utilities and
charge that those three companies were
not public utilities, but manufacturers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
BOSTON WOOL MARKET.

BOSTON, May Z Especially The de-
mand for woods has turned to the fine
graded lines, particularly the French
type. Best lots of this grade are being
SoIo IN the range OF So to so cents,
Original bag French combinR woods
uniform IN length and grade, are selling
up to so cents, while inferior fine
original bags are dif1lcuIt. to move at
% cents. the low side of the price range
quoted.
Fine territory combing clean was
quoted today at 50. French combing,
SSa6o; half blood, 56a5a: three -eighths
plooo, Soao2, and quarter blood, 43a45,
rlnc ONO neeces were quoted at 26a27;
grease basis, half blood. 25a26: three.
eighths blood, 22a2S, and quarter blood
21a22. ~'
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
FREDERICK BONDS SOLD
TO BALTIMORE BANKERS
Special Dispatch to The Star.

Special Dispatch to The Star.
FREDERICK, Nd, May ITO de-
fray the cost OF supplemental water
system to prevent the recurrence Of last
years water shortage, water bond is
sue Of 5000, 900, and an issue for $35, 900
fer development Of q municipal airport
was sold last night by the mayor and
aldermen of Frederick to a group Of
Baltimore bankers for 1888 ,29910, .
premium Of &l0,209.10.
Eight bids were submitted, represent
ing 16 banking Arms, IA from Baltimore
and OF New York. The issue was
awarded TO a group composed Of Stroth-
ers,. Brogden Co., Baker Watts & Co.,
Maryland Trust Co. and Macubben
Goodrich Co., Baltimore The premium
on the water bonds was s16,276.1O; the
airport, &2,023.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
CHICAGO POTATO MARKET.

CHICAGO, May (P-Potatoes:
Receipts, 104; on track, 23l; total U. S.
shipments, 1888; steady, trading rather
slow; sacked, per c.w.t., Wisconsin round
whites, 1.20a1 30; ungraded, around
Ito; Idaho Russets, No. /. 1.55a1. so;
commercials, l.40a1.45; new stock, dull,
trading slow; Texas sacked Bliss Tri-
umphs, 3.00a3.40; mostly 3.25; No. q,
2.O0a2.l5.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
METAL MARKET.

NEW YORK. May R1.-Copper
quiet; electrolytic spot and future,
sa9la. Ircn quiet. unchanged. Tin dull;
spot and nearby. 1880: future, $3.50.
Lead steady; spot New York, 400; East
st. Louis, $50 Zinc steady: East St.
Louis spot and future, 3.25a3.30. Anti
mony, $40.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
Kress Sales Increase.

NEW YORK, May 7 (Pl-April sales
OF s. H. Kress & Co. were SIS, 76l 400.
an increase Of "a per cent over IS. 626,-
53s reported for April, 1880. Sales for
the first four months this year aggre-
gated &is,907 ,52e. an increase Of II per
cent over 11e,6sb. 05T reported for the
corresponding period 1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-07
RUBBER MARKET.

NEW YORK, May (SpeciaD
Crude rubber, smoked ribbed sheets. was
u cent higher at today's noon quota
sion OF oh cents. This compares WIN