davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-05-07
MANY STOCKS DROP
BELOW $40 A SHARE
Extent of Decline Revealed in
Sharp Losses of Numerous
Popular Issues.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, May 7.-One Of the in
teresting and significant aspects Of the
stock market Is the increasing number
of listed securities selling in price
area around $40 share. This growing
group includes many popular stocks
that we're in the higher brackets in
boom days and which not even the
most violent bear ever expected would
reach their present level. AS an tndi-
cation of the indifference Of the public
to the market or its lack Of purchasing
power. the fact may be stated that
these low market valuations have so far
failed to attract much buying, although
many investors six months ago would
have regarded $40 stock of favorite
issue as one Of the bargains of the age.
There are today, out of nearly 500
different issues dealt in on the New
York Stock Exchange, about SIS per cent
quoted below $40 a share. In this group
about 10 per cent are still on a dividend
basis, although each week sees reduc-
ton in this ratio. Those selling be-
tween $40 a share and $40 share rep
resent approximately is per cent OF the
total dealt in from day to day. OF
these around 65 per cent are still divi-
dend payers. In the range between $40
and $50 share we find another is per
cent OF these nearly all are main
tanning dividend, though in numerous
cases the rate now being paid is less
than that disturbed year ago.
From $50 share to SIS share the
number tapers of sharply and amounts
to only about per cent of the total.
In this range are a large number OF
preferred stocks on which regular divi-
dends are being paid. In the group be-
tween $75 and 500 a share, of which
the total amounts to about 5 per cent,
all are dividend payers.
The percentage of stocks priced be-
low $40 a share has risen quite sharply
in the past month. Compared with the
situation early in March it reflects the
steady liquidation that has made the
latest phase of the decline one of the
most serious during the past two and
one-haf years.
Some market students believe that,
when so many prominent industrial and
railroad shares reach q $40 level in the
market and when the income return is
at 10 per cent, these facts indicate the
lrreducible minimum Of prices and that
whether or not the market advances
from this level it cannot well go much
below 1t.
(Copyright, 1922
More than 100000 handkerchiefs
were exported from Switzerland last
Evening star., 1932-05-07

Dividend rates in dollars based on last
quarterly or semi-annual payment. sex
diyidend. Partly extra. 4Plus AZ in stock
a PAYABLE IN cash or stock. b Payable in
STOCK. e Adjustment dividend. Plus SO
in stock. Plus SO in stock. Plus 10
IN stock Plus 2Ss in stock. k Plus 100
IN stock. m Plus 80 in stock. n Plus So in
stock. Paid last year-no regular rate
Evening star., 1932-05-07
FARMERS AND DAIRYMEN
OPPOSE AUTOMOBILE TAX
BY the Associated Press.

BY the Associated Press.
Farm and dairy organizations nave
presented q united front in opposing
the proposed taxes on automobiles,
trucks and accessories from the inter-
nal revenue bill.
A delegation told Senator Vandenberg
Republican, Michigan) that S5 per
cent of the automobiles sold are pur-
chased by people Of less than $4,000 in
come, while 80 per cent Of the trucks
are on the farms.
1t was declared further that the pro-
posed tax, to farmers, was the same as
placing a tax on plows. harrows, NOW
ing machines and harvesters. The dairy
union, represented in the delegation,
told Senator Vandenberg that to the
milk producer the truck was secessity
and also that the cost Of the railk de-
livery to the city distributor, both first
cost and cost of operation, was charged
up against the dairy farmer and taken
out Of the price Of the milk before the
producer was paid.
The delegation was composed Of rep
resentatives Of the National Grange,
the National Farmers Union, the Amer
ican Farm Bureau Federation, and the
National Dairy Union.
Evening star., 1932-05-07
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, May THE following
Is summary of important corporation
news prepared by the Standard Sta
tistics Co., Inc, for the Associated Press:
The Companies.
Alaska Juneau Gold Mining April
profit before depreciation, depletion and
Federal taxes oS 21.6 per cent, months
of 46.2 per cent.
American Telephone & Telegraph
March gross, as reported by Interstate
Commerce Commission, off 14.9 per
cent, operating income of 25.4 per cent;
months gross of 1875 per cent, operat-
ing income off 26.7 per cent.
Brown Shoe Co. plants on fve-day
week schedule, VS.. 5l2 days previously.
Detroit Edison Co.-Large rate cuts
sought by several municipalities; exceed
$5,800,000
Dome Mines Ltd. April production
valued at s354,254, VS.. s319,052 in
March and 1926, $50 in April, 1881.
Endicott- johnson Corporation plants
days previously.
General Steel Castings deficit, quarter
ended March 81, s486,76s. VS.. deficit
$532,717.
GOODYEAR Tire g. Rubber Co. current
ly producing 10000 tires daily; opera
tions on a five-day basis. each day con-
sisting of four 6-hour shifts.
Willys-Overland Co. deficit, quarter
ended March 81, S1,032,395 VS.. net In
come S117,1o6, equal to 81 cents pre-
ferred share.
Aluminium Industries Inc. declared
1912 cents dividend; paid 25 cents
March Is and 371a cents quarterly
prior thereto.
American Radiator & Standard Sani-
tary Corporation passed common divi-
6end paid 10 cents March 81.
ChrySler Cooperation April retail de-
1iveries by De Soto dealers, including
sales of Plymouth units, totaled 7,l3o
cars, up T2 per cent over April, 1881.
Montgomery Ward & Co. April sales
off 21.9 per cent, months on 22.6
per cent.
United Aircraft g. Transport common
share earnings, quarter ended March
81. 1882, 13 cents VS.. 80 cents
Nitrate Corporation of Chile consid-
ering wage and sala-v reductions for
personnel.
Plymouth Oil Co. common share
earnings before Federal taxes, quarter
ended March 81, 1882, A cents VS.. %
cents.
Fashion Park Associates March net
sales of % per cent
Grand Union Co. common share
earnings, quarter ended March 81,
$l93,534 VS. net income $306, ,449. equal
TO Sl01 Class A share.
CurtisS-Wright Corporation net in
come, quarter ended March 81, 1902 ,0l3,
equal to 26 cents a Class A share VS..
deficit 81 ,088,124
Neisner Bros, Inc, April sales of 14.4
per cent, months off per cent.
Columbia Pictures Corporation takes
no action on stock dividend on common
shares; paid 212 per cent October
2, 1881.
Evening star., 1932-05-07
B. & 0. CONVERTS CARS
FOR CEMENT SHIPMENTS
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, May THE Baltimore
and Ohio Railroad Company has re-
Gently converted some of its dump
hoppers into a specially designed car
for the transportation of cement in
bulk.
The arrangement consists Of four
hoppers. two on each side of centers Of
car. with an opening 13x24 inches,
each hopper equipped with q sliding
door, which forms the most satisfac-
tory method Of unloading, as the cement
is delivered to cross-conveyors which
extend croSswiSe of the tracks.
The roof has eight doors, four on
each side, to provide for loading ana
also to assist in agitating the load If
necessary when cars are being unloaded.
The cars are of 50-ton capacity and
can also be used for hauling sand,
grain, powdered coal, etc, in bulk.
Evening star., 1932-05-07
Trade Reports at a Glance.


Tabloid review Of wholesale and retail bust
conditions Bradreets
conditions
In the lastye
Evening star., 1932-05-07

BONDS.
5000 Chi City Rys Be 1877
1000 Chi Rys SIS le27 .....
1T0oo insult util IS 1870.
Stock sales today. $4,000.
Rand sales today. $4,000.
Evening star., 1932-05-07
BIDDLE AND 9 OTHERS
NAMED IN So, 500, 900 SUIT
BY the Associated Press.
NEW YORK. MAJ

BY the Associated FIesS
NEW YORK, May IA. j. Drexel
Biddle, jr., two brokerage firms and
seven other individuals are defendants
in a So, 500, 900 suit scheduled to go on
trial in Federal Court Monday
The Irving Trust Co. is suing as trus-
tee in bankruptcy for the Sonora Prod
nets Co. formerly the Acoustic Products
Co, of which Biddle and some Of the
other defendants were directors.
The action is based on a charge that
in 1928 Acoustics Products Co. had a
contract to purchase 100000 shares OF
De Forest Radio Co. stock at so cents
a share and that the defendants pur-
chased the stock themselves, reaping
large profit, which should have gone
to the Acoustic Products Co.
In addition to Biddle the defendants
are Percy L. Deutsch, Harris Hammond,
Victor C. Bell, Arthur D Mendes, Adam
Stein, jr.; Roy G. Martin, Wiley r:
Reynolds. w. r. Reynolds d Co., and
B. c. Bell & Co.
Evening star., 1932-05-07
Baltimore Bank Clearings.

BALTIMORE, May 7 (specisD -
Bank clearings in Baltimore during
April were the largest for any month
since January, but continued sharply
below the comparative period OF 1881,
according to the report issued yesterday
by the local clearing house.
The April total was SPAS, ,215,e85, as
compared with $344,016,354 for the like
month year ago.
Evening star., 1932-05-07
Wage Reduction Considered.

NEW YORK, May P.-Medley G.
q. Whelpley, president OF the Nitrate
CORPORATION of Chile, today confirmed
the report that the company was con.
sidering a reduction in the wages and
salaries Of its personnel.
Evening star., 1932-05-07
Soviet Oil Production.

MOSCOW, May (P.-oil produc-
ton in Soviet Russia for the first quar-
ter of 1882 amounted 20 5.469,SsS bar
rels (42 gallons to the barrep, repre-.
senting an increase of los per cent
over that for the sane period last year.
Evening star., 1932-05-07

More than 100000 handkerchief
were exported from Switzerland las
year.
Evening star., 1932-08-07
Secretary Stimson Coming
Back to Capital Tomorrow
Secretary Mills Also to Return to Washington
From Cruise off Newport and
Long Island
photo.

sons, who sailed the latter part of
July for vacation abroad. are now
in London. They will return to the
United States early in September.
The Assistant Secretary of the Navy
and Mrs. Ernest Lee Jahncke and their
daughters are expected to return to
the Capital at the end of the week.
The Assistant Secretary is making an
inspection Of naval stations on the West
Coast and was accompanied by his
family.
The Assistant Secretary of War. Mr..
F. Trubee Dawson, is expected to re-
turn to Washington some time this
week.
The Assistant to the Attorney Gen.
eral, Mr.. John Lord O'Brian, is in Ashe-
vile, N. c., on official business and is
expected back in Washington at the
end OF the week. Mrs. O'Brian is in
Buffalo
The Assistant Secretary of War. Mr..
Frederick H. Payne, is spending the
week end with Mrs. Payne and their
family at their home, at Greenviue
Mass. Monday he will go to New York
10 deliver an address and is expected
PACK in Washington Tuesday morning
The solicitor general of the Depart-
ment Of Justice, Mr.. William n
Thacher, will come to the city August
10 from his Summer home, at Watch
Hill, R. l., where Mrs. Thacher ts set
tied for the season.
associate Justice Oscar r. Iuhrinr
OF the Supreme Court of the District
OF Columbia and Mrs. Luhrinr ara
spending some time at the Gray Rock,
COLI and Winter Club at st. Invite
canada. Associate Justice and Mrs,
Peyton Gordon are also at the club
MIS-. John A. Hull wife of the newly
appointed justice of the Supreme Court
OF the Philippine Islands, left Washing.
ton yesterday for Asheville N C. IA
be the guest of Mr.. and Mrs. .Iobn
Philip Hill, at Pisgah Lodge, the rustic
home OF Mrs, Peter Goelet Gerry.
Col. Walter w. King, special assist
ant to the Secretary of Labor, William
N. Doak, and Mrs. King are entertain
ing a few friends informally at tea
at their home, Ojo del Gorja, on the
Potomac, this afternoon.
Nine. Vasquez and her young dauph-
ter have Joined Mr.. Manuel Vasouez
in his apartment, at Wardman Park
Hotel, coming here from New York last
week, where they spent a short time
after their arrival in the States from
South America. Mr.. Vasquez is one
OF the delegates OF the Honduran Com
mission which is in this country to in
Vestigate the recent dispute between
the Honduras and Guatemala over their
boundaries.
Evening star., 1932-08-07
Musicale at Country Club
Enlists Generous Attendance

The third Of the series Of Sunday
night buffet Suppers and musicales at
the Rossdhu Castle will be given to-
night and the program will be under the
direction Of Donald Macdonald, Sd.
Artists who will appear are Edith Hoff-
man Jones, colorature soprano; Kathleen
Bently, dramatic soprano; Kathleen
Hillyar, contralto; Paul Carver, tenor
and Herbert Parker, baritone. Mrs.
Jewell Downs will act as accompaniSt
at the piano.
These musicales are proving highly
successful, and some Of those making
reservations are DR.. Clara Little, Miss
Grace Little, Miss Phyllis Hermann,
Miss Jane Hermann, Lieut.. and Mrs.
Urban Niblo, Mr. and Mrs. Laurenc
Carson and Mrs. Donald Macdonald.
Evening star., 1932-08-07
MISS LOUISE
TOMPKINS,
Who, with her parents,
Mr.. and Mrs. Charles
H. Tompkins, is leaving
by motor for James
town, R. |.
--Bachrach photo.
Miss Elizabeth Seeds
Is Married to Lieut..
Horace King Whalen
Charming Military Ceremony
Held at St. Thomas Epis-
copal Church Here.

st. Thomas Episcopal Church was the
scene of military wedding of unusual
charm yesterday afternoon, when Miss
Elizabeth Milar Seeds, daughter of Mrs.
Seeds and the late Maj. Karl B. Seeds,
became the bride of Lieut.. Horace King
Whalen, U. S. A, son of Mr.. and Mrs.
B. Peyton Whalen Of Bethesda, Md.
The wedding was an all-white we'd
ding, the bride and her attendants
wearing white, and the floral arrange
mentS in the church Of white blossoms
mingled with stately palms and trailing
ferns.
The Rev. Harry C. Goodman, assist
ant rector Of the church, In the absence
OF DR.. c. Ernest Smith, oficiated.
AS the guests were assembling, Mr..
j. Clarke Middleton gave program re-
cital, and Mr. H. Blaine Cornwell Of
Baltimore gave vocal selections preced-
ing the ceremony.
The bride walked to the altar with
her brother, Midshipman Elmore w.
Seeds of the Naval Academy, who gave
his sister in marriage. Fer wedding
gown was lovely, a princess model of
ivory satin with long pointed sleeves, a
square neckline and with a full train.
Her veil of tuLe was arranged in sim
pie cap effect with chin strap, and
face veil which she wore until after the
service. The veil was caught at the
back with q spray of orange blossoms,
which were worn by her paternal
grandmother, Mrs. E. w. Seeds, at her
wedding. The bride carried a prayer
book from which fell a shower of lilies
of the valley.
Miss Mary Hartman was the maid of
honor, and the bridesmaids were Miss
George Thomas Of Culpeper, Va; Miss
label Allen of Washington and Mon
treal, Canada; Miss Elizabeth Sawtelle
of Chevy Chase, Md, and Miss Eleanor
Redman of this city.
The maid of honor,S gown was an i'm
ported princess model of embroidered
mousseline de sole with cape collar.
Miss Thomas and Miss Allen were in
white mousseline de sole, designed with
cape sleeve jackets and flared skirts,
and Miss Sawtelle's and Miss Redman's
frocks were designed Of white mousse
line de sole with ruffies at the hemline
: and edging the sleeves Of the jacket.
Continued on Page 2. Column -
Evening star., 1932-08-07
Beatrice E. Merryman
Will Become Bride of
William ]. Higgins. Jr.
Miss Aline Elkins Reed to
Be Married to Delbert B.
Heady in Fall.

Mr.. and Mrs. Russell G. Merryman OF
1913 Harvard street, formerly of New
York, announce the engagement OF
their daughter, Beatrice Edna, to Mr.
William ]. Higgins, jr.. of New York,
son Of Mr.. and Mrs. Higgins of that
city
Miss Merryman has made her home
in New York, where she is secretary to
the law librarian at Columbia Univer-
sity. She is graduate of the Julia
Richmond High School in New York
and attended Hunter College in that
city. The bridegroom graduated in
electrical engineering at the Brooklyn
Technology College.
The bride-elect is with her mother
on motor trip to Columbus, Ohio, and
Tuesday will be at Jordan Springs. Va.
where Mr.. Merryman will join them
and where a party will be given In
celebration Of the engagement. The
bridegroom-e will arrive in Wash
ington next Sunday and will be the
guest Of the parents Of Miss Merryman.
The marriage of Miss Merryman and
Mr.. Higgins will take place September
16 in New York and the couple will
sail for three weeks stay in Bermuda
before making their home at 583 River
side drive in New York.
Mr.. and Mrs. Elkins Reed Of Blagden
Terrace announce the engagement Of
their daughter, Aline Elkins, to Mr..
Delbert Blinn Heady, son of Mrs. E. F.
Heady Of Maryland. The wedding will
take place in the early Fall.
Mr.. and Mrs. Lovick Pearce Lilies of
1859 Harvard Terrace announce the en-
gagement Of their daughter, Mary Vir-
ginia, to Mr.. John Lawrence Miles, son
OF Mr.. and Mrs. Charles H. Miles of
Lexington, Mass. The wedding will
take place in the early Fall.
Mr.. and Mrs. Edward Herbert Davis,
North Washington avenue, Scranton,
Pa, have announced the engagement of
their daughter, Miss Elizabeth Copeland
Fell, and Mr.. william Hill Sasscer, son
Of DR.. and Mrs. Reverdy Sasscer of
Upper Marlboro, Md.
Miss Fell is a graduate Of the Ma
tional Cathedral School of Washington
and Is an active member Of the Junior
Century Club.
Mr.. Sasscer is a graduate Of Virginia
Polytechnic Institute.
Mr.. and Mrs. A. J. Rosenthal of
Waynesboro, Va, announce the engage
ment and approaching marriage of
their daughter Anna to Mr. Simon
Yaffee of Washington, D. C. The we'd
ding will take place in the early Fall.
Miss Rosenthal is one of the popular
young women of WayneSboro and
graduated from the Wilson High School
there some years ago. She attended
George Washington Law School here
for two years and is now finishing her
law course at the T. @. Williams Law
School in Richmond.
Mr.. Yaffee has been practicing law in
Washington for several years.
Mr.. and Mrs. Vincent Di Francis an
nounce the engagement of their daugh-
ter Christine to Mr.. John Blanca of
Baltimore, Md. The wedding will take
place September 4.
Evening star., 1932-08-07
Washington Folk to Attend
Brabson-Bristol Weddine

Washington society will make quite
a showing at the wedding of Miss Eve
lyn Rexford Bristol and Mr.. George
Brabson at Foxborough. Mass, Sat-
urday. Among those going there to attend
are Mrs. Lincoln Green. Miss Anna
Green. Miss Ruth Green. Mrs. Frances
vallee, Miss Elizabeth Jobe, Miss Louise
Menefee, Miss Nancy Howard. Mr.. Ray
SCHNEIDER. DR.. James Marshall. MIR.
George L. Williams and Mr.. AIlin
Pierce.
DR.. George Anderson, soloist at st.
Margaret's Episcopal Church Of this
city. viii sing at the marriage service
and at he reception afterward.
Evening star., 1932-08-07
Luncheon at White House
To Add Social Atmosphere
TONOtificatiOn Ceremonies
Leaders in Official Society to Be Guests of Presi-
dent and First Lady Following
Formalties.

being SO years old, while Mrs. William
Howard Taft is the oldest Mrs Wood
row Wilson. who carries all the grace and
charm of her first days in the White
House, Is go, and Mrs. Frances Folsom
Cleveland Preston is 68. Figures like
these compare badly with those of a
Presidents life, as there are now but
two living Presidents, Mr. Hoover &C
tive and Mr.. Coolidge passive.
Girls of Washington society are
getting quite thrill out of the coming
out party of Miss Alexandra Bacon,
daughter Of Representative and Mrs.
Robert Low Bacon, which takes place
September 9 under the wing of her state
ly grandmother, Mrs. Martha w. Bacon,
at Old Acres, her charming Westbury,
Long Island, estate. Miss Bacon. the
elder of the children Of Representative
and Mrs. Bacon, is 18 years old and has
seen but little of Washington society,
but 1t is fully expected that she will
sway things in the debutante circle in
Washington next Winter.
Mr.. and Mrs. Bacon are now at West
bury, but will come to Washington for
the notification ceremonies and Mrs.
Nicholas Longworth, who has been Wis
iting relatives and friends on Long
Island will accompany them here and
will be guest in their F street house
Mrs. Longworth visited her brother,
Kermit Roosevelt, and their chief inter-
est centered around the birthday ami
versary Of Mrs. Theodore Roosevelt,
widow of the President.
Evening star., 1932-08-07
Ambassador of Belgium
To Remain at Newport
Ambassador Claudel of France Sails for Home.
land to Join Nine. Claudel
for Summer

The Ambassador of Belgium, M. Paul
May, has postponed his return to Wash
ington, and will remain at Newport
until some time in September. He has
as his house guest at the Rhode Island
resort the first secretary of the en-
bassy. Count Francois de Buisseret, who
will remain with him for about a week
The Ambassador of France, M. Paul
Claudel, sailed yesterday on the Lafay-
cite from New York to join Nine
Claudel in their home in France.
The Ambassador of Japan and Nine.
Debuchi and their daughter, Miss
Taku Debuchi, will leave Washington
next week for the West Coast, from
where they will sail August rs for
Japan. The embassy In Washington
has had no confirmation of the ap-
pointment of a new Ambassador to the
post here, and M. Debuchi expects to
return to Washington before Christmas.
The Ambassador of Brazil and
Senhora de Lima Silva have as their
guest at Manchester-by-t the-Sea the
counselor of the embassy. Senior Paulo
Coelho de Almeida. Senhora Coelho de
Almeida is spending the Summer
abroad.
The Ambassador of Spain, Senor Don
Juan Francisco de Cardenas, will re-
turn tomorrow from Spring Lake, where
he is spending the week end.
The Minister Of Austria and Nine.
Prochnik and his family, who are at
Rehoboth Beach, Del, will return to
their home in Washington the end
of the month.
The Minister of Denmark and Nine.
Wadsted will go to New York the first
of the week, and will sail Saturday on
the Danish boat Frederick the Eighth
to spend several months in their native
country.
The Minister of Colombia, Senor DR..
Don Fabio Lozana, and his son and
daughter, Senior Juan Lozana and Sc
norita Lucia Lozana, are returning to
Washington from Newport News by
motor and will visA in Richmond and
Evening star., 1932-08-07
Retiring Japanese Diplomat
Entertains for Successor

The newly appointed military attache
Of the japanese embassy. Col.
Shizuichi Tanaka, arrived in Washing
ton yesterday to take up his new duties.
The retiring military attache, Col
Shohei Washizu, will leave shortly for
Japan.
Tuesday afternoon Col. Washizu and
Col. Tanaka will entertain at a recep-
tion when the former will introduce
his successor to his friends in military
and resident circles.
Evening star., 1932-08-07
President N. L. A. p. Guest
Of Paris Publishers

Mrs. Grace Thompson Seton was the
guest in whose honor M. Audre Putt,
publisher Of the Journal La France,
entertained at tea recently in his home
on the Boulevard Courcelles, Paris.
Among the distinguished guests were
Mr.. and Mrs. Pitts Duffield and Mrs
James Powers, now making their home
in Paris; Mr.. and Mrs. Charles j.
Williamson and Miss Alice briggs Of
New York and Washington.
Evening star., 1932-08-07
New War College Head
Returns From Euror

The new commandant of the Army
War College, Gen. George s. Simonds,
and his family have returned to this
country from Europe. Gen. Simonds
will take up his new duties at the COL
lege in about two weeks.
Gen. Simonds succeeds Maj. Gen.
William D. Connor. who Is now at West