davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-08-28
CAPITAL MAN HELD
/ PROBABLE SUICIDE
Coroner Returns Verdict in
KalbfIeisch Death at
Virginia Beach
BY the Associated Press.

BY the Associated Press.
VIRGINIA BEACH, Va, August a.
A verdict Of probable suicide" was re-
turned by DR.. Robert w. Woodhouse,
coroner, in the death of Albert c.
Kalbheisch. 81. whose body was found
today on the beach here.
The body was found about $50
O'Clock by Virginia Beach policeman
patrolline the ocean front A bullet
had pierced his forehead and a pistol
was lying by his side. The discovery
was made while Washington and Nor
folk police were instituting a search for
the Washington man, at the request Of
his fanini..y.
Family Seeks Aid.
Norfolk police were advised that
Kalbfeisch had written his family from
a Norfolk hotel that he was pre-
shoot himself. They sought the aid Of
officers here through the Washington
police in an effort to locate their rela-
tive in the hope of saving him from his
threat If the deed had not been COM
mitted at tE"t time, or to learn his fate
in they were too late.
An investigation revealed that he had
checked out at hotel here Friday, but
had not registered at any Virginia
Beach hotel. He had been dead for
some time when the body was found,
DR.. Woodhouse said.
A son, Albert C. Kalbfeisch, jr., of
1914 Seventeenth street northwest.
washington, arranged for the body to
be brought to Norfolk Kalbf1eisch was
the third apparent suicide here by a
pistol shot in the last several days.
Evening star., 1932-08-28
OPERATIONS
AND Jobs INCREASE.
Textile, Iron, Cordage, Corn
Refining and Power Firms
Report Boost.
BY the Associated Press.

By the Associated Press.
LYNCHBURG. Va, August 27-After
two months shutdown, sufficient orders
have been received by the Consolidated
Textile Corporation to presage steady
full time operation and 750 employees
have been called back to work next
Monday. At the company's plants in
Burlington and Shelby. N. c., and
Lafayette, Ga, 600 mere will resume
work.
Evening star., 1932-08-28
G.. E. Recalls 800 Workers.

SCHENECTADY, N. Y, August 27
R.-The General Electric Co. has re-
called 300 employees who will augment
the staff of its air conditioning depart
ment, the company announced yester-
day. Operations in this department
are on an increasing scale because Of
larger orders, the company states.
Evening star., 1932-08-28
Six Mills Are ReOpened.

MARTINS FERRY, Ohio, August 27
R).-The Yorkville plant of the Wheel
ing Steel Corporation today put six
additional mills in operation. For sew
eral weeks IL of the plants "a mills
have been working.
Evening star., 1932-08-28
Hat Factory to Reopen.

BREESE. Ill, August 81 (R.-The
Mexican American Hat Factory, idle
since June. will resume operations next
week with 100 employees.
Evening star., 1932-08-28

Proclaimed the largest fish ever
caught with rod and line off the coast
at Cork, Irish Free State, a hailbut,
weighing 140 pounds and measuring
seven feet. was caught by Glandore
fishermen.
Evening star., 1932-08-28
Auto Output Increases.

DETROIT, August 81 (P.-Of1cials
Of Hudson & Essex reported sales for
the first three weeks of August in
creased 1000 units over the same period
in July.
Evening star., 1932-08-28
Oil improvement Seen.

TULSA, Okla, August q GA pre-
diction that improvement would con-
tinue in the oil industry, made by the
official publication of Standard Oil of
New Jersey. met agreement by leaders
here Control Of crude production. re-
duction in refinery runs and 100000
barrel decrease in crude and products
stocks since January were regarded
as favorable.
Evening star., 1932-08-28
Operations 10 Per Cent In.

NEW YORK. August 81 Lp-Current
business Of the Corn Products Refining
Co. is running 10 per cent above June
and July and further improvement in
September is anticipated.
Evening star., 1932-08-28
Iron Company Expands.

AUGUSTA, Ga. August 81 CP)-The
Lombard Iron Works Supply Co. has
announced an expansion into the manu-
facture Of hydraulic engineering equip
ment that is expected to increase num-
Der Of its employees from 205 to more
than a thousand within a year.
Evening star., 1932-08-28
Makes Funeral Plans.

Albert c. Kalbfieisch, jr., Of 1914
Seventeenth street, was preparing last
night to communicate with authorities
at Norfolk. Va. preparatory to making
funeral arrangements for his father,
Albert C. Kalbf1eisch, following the re-
port from Norfolk that the body had
been found at Virginia Beach. Burial,
the son said, would be near the old
home on Long Island. New York.
The sor said he became anxious about
his father after receiving a despondent
letter from him and some Of his per-
sonal belongings which the parent had
sent from Norfolk hotel. He went to
police headquarters here to get Wash
ington police authorities to ask the Nor
folk police to locate his parent.
Evening star., 1932-08-28
Power Consumption Up.

HAGERSTOWN, Md, August 27.-
The Potomac Edison Co. reported no
ticeab.e pickup in power consumption
in western Maryland and adjacent ter
ritory which it serves, as did the mu-
nicipal electric light plant, which with
the Potomac Edison Co. serves this city.
The Potomac Edison Co. said it was
given notice several weeks ago by the
cellanese plant at Cumberland. which
was then scarcely operating, that 1t was
preparing to resume operations full
force within month and that today it
was already operating with normal
force and consumption Of power. A
number CT other small plants are taking
more power.
officials Of both plants said the in
creased power consumption in the past
two weeks was the most encouraging
indication of resumption of business in
year.
Evening star., 1932-08-28
INJURED IN QUARREL
Man Suffers Broken Jaw as Col
ored Attacker Uses Jar,

Harry A. Pierce. %, of the 1900 block
of Euclid street suffered broken jaw
and lacerations yesterday when struck
with glass jar during an argument
with a colored man In the 3100 block
of Connecticut avenue.
David Payne, colored, 27O0 block OF
Georgia avenue, his alleged assailant,
was booked on charge of assault.
Evening star., 1932-08-28
Begins 24-Hour Schedule.

ANNISTON, Ala, August 81 P.-Sev-
eral hundred operatives will be called
to work by the Annistcn Cordage Mills,
effective Monday, as the plant goes on
a 24-hour schedule. Work has been on
months The capacity operation sched-
ule, officials said, was necessitated by in
creased orders.
Evening star., 1932-08-28
Strongly Against Liquor.

No wine ever appeared on her table,
and no cocktails or other liquor was
ever served in her home. nor touched
by her in the homes Of her friends
Consequently, 1t caused some surprise
when, on June 16 of this year, she an
nounced that she favored the repeal OF
the eighteenth amendment with the
Evening star., 1932-08-28

Continued From First Page.)
Evening star., 1932-08-28
BASIS OF CAMPAIGN
TO SPREAD JOBS is
LAID BY COMMITTEE

Continued From First Page.)
Evening star., 1932-02-21
SHORT SALES RULE
HELD BENEFICIAL
Scare Given Bears Short
Lived, but General Reaction
Shows Optimism.
BY CHARLES w. STORM.

NEW YORK, February 20 (N.AN.A).
The scare given the short interest
by the Stock Exchange announcement
that on and after April / long stock
could not be loaned by brokers, except
with the written consent OF customers,
was short lived
The exchanges action, however. i'm
mediately caused urgent covering OF
short commitments which resulted in
a sharp advance early in the day, fore
ing the average price Of 80 industrial
stocks up to a new high level for the
current rally.
The higher range Of prices subse-
quently induced profit taking and new
short sales that wiped out practically
all of the early improvement. In some
instances the late selling resulted in
small net losses in stocks, including
American Telephone & Telegraph.
Market Satisfactory.
The action of the general market,
however, was considered highly salts
factory and additional encouragement
was derived from higher prices for
wheat. The general bond market con-
tinued to show firmness.
While the action of the New York
Exchange was considered step to
forestall possible legislation against
short selling the ruling Is expected to
reduce the ability of short sellers Of
stocks to borrow without paying
premiums.
1t is believed in the Street that i'm
provement in business sentiment shortly
will find reflection in actual trade ex-
pansion. A canvass of some of the
leading banking institutions reveals
slight expansion in trade here and
there, with a resultant better demand
from general business for money.
The rise and fall of the stock market
at this time undoubtedly is exercising
some influence over business men, and
for this reason 1t is believed that q con-
tinuation Of the firm undertone will
accelerate and broaden the spotty i'm
provement already being reported in
general industry.
Railroad Shares Lag.
While the industrial showed pro-
nounced improvement early today, the
rails had little buoyancy. Action of the
common shares undoubtedly reflects
omission of the Southern Pacific divi-
dend and the belief that earnings Of
the railroads for January, to be pub
lished shortly, will make very un-
favorable showing.
1t is also believed, however. that
betterment will be reported for February
owing to the fact that revenues will
begin to show the effects of the railroad
wage reduction and the recent advance
in freight rates.
Evening star., 1932-02-21
BY DIR. MAX WINKLER.

II an American investor had pur-
chased one 1000 bond Of every Euro
pean government, state. municipal and
corporation issue, including even COM
pletely repudiated Russian bonds sold
and still outstanding in the United
States, he would have paid, had he
purchased his bond at the time of issue
an average price of $911 for each $1.00O
denomination.
There remained outstanding on De-
cember 81, 1881, $885.67, indicating
that s11433 have been redeemed. re-
ducing the original investment to
$79667. Outstanding bonds had
market value, at the beginning OF 1882
of s543.80 for each 81 900 denomination,
which represents a shrinkage of $252.87
per bond. equivalent to only 27.75 per
cent on the original investment.
Investments Satisfactory.
If account is taken Of the liberal
yield, at which European issues gen
orally were sold to the investing public,
one IS obliged to conclude that investing
in European bonds has turned out
rather satisfactorily.
The extent of the above shrinkage Is
very remarkable indeed, If one con-
siders the very pronounced decline IN
securities in general and foreign issues
in particular.
It is especially interesting to compare
the above figure with the New York
Times average of 40 American bonds.
Taking the 1928 high as 100, the quota
Evening star., 1932-02-21
INVESTMENT In EUROPEAN
BOND ISSUES PROVES GOOD
Even Including Repudiated Russian Sc
curities, General List Shrinkage Is
Less Than for Market as Whole.

ton at the beginning Of 1882 stood at
1894. Attention should also be d1recteo
\ to the fact that the foreign list under
review comprises all European issues
sold in the United States, including
Russian loans referred to above, anc
defaulted Hungarian bonds, whereas
the Times averages apply to high-graoe
American issues.
Compared with the action OF Amerl-
can stocks. the showing registered py
European bonds is even more impress
sive. Assuming the 1928 high CT 5O
American stocks at 100, the figure on
January /, 1882, amounted to 31.26-
a decline Of 68.74 per cent.
Total Over $500, 100000.
European bonds outstanding In the
United States aggregated at par or face
value $3,542, 1863 900, as compared with
an original amount of $3954, $50, 900
a reduction Of $412 GIL 900, or we'll over
10 per cent. On the basis of the origi-
nal issue price, the value amounts to
$3,458, ,867 900, while, on the basis OF
quotations obtaining at the beginning
OF 1882. the aggregate value was ST.
926 ,054, 900, a shrinkage Of 1852 per
cent. If account Is taken CT the value
Of securities on the basis Of the price
at which they were originally marketed
in the American market, the shrinkage
is only 44.32 per cent.
The loss is most pronounced In the
case Of Russian bonds. completely re-
pudiated and in well-nigh hopeless
Continued on Fourth Page)
Evening star., 1932-02-21
WHOLESALE PRICES
SLUMP FOR WEEK
Business Outlook improved
by New Record Low for
Failures, However.
BY the Associated Press.

A continued slump in domestic whole
sale prices, coupled with unsatisfactory
conditions in foreign markets, was the
feature of the Commerce Departments
weekly summary of the business sltua-
tion at home and abroad, covering the
period ended February 13.
Bank debts, outside New York City,
decreased from previous week, and were
also under the corresponding week OF
last year. Total loans and discounts
Of Federal Reserve Banks were below
the preceding period and under last
year. Interest rates on call money were
the same as for the previous four weeks.
Time money rates declined after three
weeks at the same level.
The average price Of representative
stocks for the week declined, although
a sharp upturn was witnessed during
The average price Of 40 leading bonds
declined from the previous week, but
was still AZ per cent above the low
for the depression. The number Of in
solvencies, as reported by R. G. Dun &
Co., were the lowest in six weeks, and
were 10 per cent under the years high.
Wholesale Prices Drop.
Wholesale prices, as measured by
Fishers composite index of 120 COM
modities, continued the general decline
which has been under way during the
past several months. Prices Of agri-
cultural products declined 2.3 per cent
from the preceding period, and were 80
per cent under this time last year.
Prices Of non-agricultural products de-
clined only slightly. The price of cot
ton mtddling was the same as for the
previous week, while the price of elec-
trolytic copper declined. The composite
iron and steel price declined very
slightly.
Bushes in the Argentine during the
week was dull, owing to the carnival
festivities and unusual Summer heat
The government has published its 1882
budget with receipts estimated at
193, 100000 paper pesos and expendi-
lures at $4,000, 900 paper pesos. The
gold in the conversion office amounts
to 258, zoo, 600, 900 gold pesos.
In China many Of the retail stores IN
(Nontipuad an Third Pa0el
Evening star., 1932-02-21

Vice president and cashier Of the Bank
of Commerce g. Savings, has been
appointed chairman of the Hotel Com
mittee to prepare for the fourteenth
anual convention Of the District Bank
ers' Association, to be held at Hot
Springs, Va, according to announce
ment by Claud H. woodward, general
chairman. c. F. Burton, vice president
Washington Mechanics Savings Bank,
Is vice chairman, the other members
of the Hotel Committee being ]. T..
Exnicios, president Departmental Bank;
John C. Walker, president Chevy Chase
Savings Bank; Ray L. Schreiner, presi-
dent Bank of Brightwood; Luther E.
Schreiner, vice president Federal-Amer-
ican National Bank & Trust Co.; j. D.
Howard, president Seventh Street Saw
ings Bank; w. Reginald Lewis, cashier
Northeast Savings Bank. and Louis C..
Eckloff, assistant cashier National
Metropolitan Bank.
Mr.. Groom was chairman OF the
Entertainment Committee at last years
convention and has served on many
other association committees. Plans
for this years meeting are progressing
most satisfactorily.
Evening star., 1932-02-21
STEEL PRODUCTION
LOWER FOR WEEK
February as Whole Expected
to Reach January Aver
age, However.
Special Dispatch to The Star.

Special Dispatch to The Star.
PITTSBURGH, February 3o-eteel
production slipped OF little this week,
following . slight decrease earlier IN
the month. The average rate in the
month to date Is below that IN the
latter part Of January, though above
that In the fore part, and February as
a whole may equal the January aver
age, which was reported at 2611 per cent
on the old capacity rating, probably
about Is per cent on the revised ca
pacity rating no win process of ascer-
tainment.
The combined January and Febru-
ary rate, about 17,500,000 tons of in
cent Of the average rate in the seven
years through 1928, and it is now ad-
mitted that those years constituted a
remarkable period, both as to the de-
crease of activity and as to length
That production is so low relative to
capacity is another story, capacity
having been increased so much. 1t
is understood that there is some re-
gret about expenditures in the last
two years, which while they had been
planned previously might not all have
been made had 1t not been for the
promise to the President" in late 1929
When there Is regret, it Is not solely
that the expenditure was made, the
character Of expenditure being another
consideration. The old idea was to 60 in
for tonnage, which means large in
dividual rolling units. Experience o1
the last couple years suggests the de.
STABILITY Of small flexible units, for or.
ders are small individually, rather nu-
merous. and very prompt shipment Is
demanded.
As the old year closed, the line Of
steel consumption most promising o1
increase. when everything was at a low
rate. was the automobile industry, as
automobile buying is seasonal in char
acter and automobile production had
gotten down to rate previously in
conceivable. The automobile industry
has proved disappointing, for while II
had successive increases in production ir
December and January, It Is off now
when by rule 1t ought to be increasing
still more. The surface reason has beer
delay in the new Ford models, but the
steel trade now concludes that the un.
derlying reason Is a freseh appraisal o1
the buying public, to the effect that the
buying disposition or power Is relatively
light and that It will require very cheaI
cars to induce purchases.
(Copyrisht, 1922
Evening star., 1932-02-21
SMALL STEEL FIRMS
OUTLOOK HELD GOOD

NEW YORK, February 20 P.-Wall
Street interests who are close observers
Of steel trade conditions express the
belief that some Of the smaller inde-
pendent steel companies manufacturing
special lines may enjoy a more rapid
larger companies. Demand for steel
specialtieS, they claim, Is likely to as
sumo relatively large proportions be-
terially.
Evening star., 1932-02-21
RAILROADS MOVE
TO GET j. S. LOANS
Many Lines Seek Funds to
Push Programs and Avoid
Later Difficulties.
BY BRADLEY w. TRENT.

NEW YORK, February 20.-In the
few weeks Of their existence the Recon-
struction Finance Corporation and the
Railroad Credit Corporation have re-
ceived applications for railroads loans
known to aggregate about $75,000 900
and additional sums which have not
been made public.
Working together during the time
that the Railroad Credit Corporation
is without funds, these two organiza-
tions, 1t seems safe to say, have averted
one or two small railroad receiverships
already, and undoubtedly will be able
to carry several other roads through a
crisis. The Railroad Credit Corpora
ton Is practically without choice in ex-
tending aid, as long as funds are avail
able or can be anticipated. Its purpose
Is to grant loans for the payment of
fixed charges out Of the pooled reve-
nues, estimated at slightly over $780,
100000, to be derived from the special
increases in freight rates effective until
March next year.
Hope to Avoid Insolvencies. ''.'
The hope Is that by that time earn
ing power and confidence will have
been restored to such an extent that
financing can be resumed through nor
NAL channels or the market can absorb
without serious difficulty any insolvency
that is inevitable
The Reconstruction Finance Corpora
ton similarly is endeavoring to avert
threatening collapses. 1t is working with
the Railroad Credit Corporation to the
extent of advancing funds to approved
carriers, to be repaid by the Railroad
Credit Corporation as soon as the rail-
roads start remitting their receipts from
the temporary increases in freight rates.
In its own special province. it is con-
slderlng the loans necessary for refund
ing maturing obligations Its power of
discrimination is fairly liberal. Emer-
gency cases are being given priority. It
has not yet shown its hand on loans
intended for construction, Improvements
or new purchases.
Loans Already Asked.
Some of the requested loans which
have come to light, either through /
c. C. proceedings or informal state
ment by the carrier, follow:
Wabash, asked $18,500, 900 from r. F
c.. received I. G. C. approval for $7,173,-
800; Missouri Pacific, asked So, ,250, ,00C
from r. F. c., received I. G. c. approval
for $1,5O0,O00; Pittsburgh & West Vir-
ginia, asking $637, 1886 from R. c. c. tc
be advanced by R. F. c.; New Orleans
Great Northern, $780, from r. c. c.;
Missouri & Northern Arkansas, $1,000
600 from r. F. c.; st. Louis-San Fran.
cisco, asking $13,700000. divided be.
tween two corporations; Denver & Ric
Grande Western, $4,500C00 of which
$500000 would be from B. C. c.; West
ern Pacific. 81 ,800 900, of which $1,000.
600 would be from r. c. C.
Intention to apply for loans has beer
announced by Pennsylvania Railroad
for the purpose Of pushing electrifica.
ton. New York Central, Baltimore &
Ohio and one or two others have indi-
Gated intention to apply.
(Copyright, 1933)
Evening star., 1932-02-21
Sharpe & Dohme Report.

BALTIMORE, February 20.-Detailed
statement Of the operations Of Sharp
g. Dohme, Inc, which reported con-
solidated net profit Of $777 1872 for 1881,
as compared with $1,225,33 in 1880,
shows total assets as Of December l
Of $10,6l9, ,498, compared with $l1,041,- =
255 at the end of 1890.
Total surplus was $897871, against
81, ,232 SOB. Current assets, including
$1,437,159 cash, were $6,841, ,081 and
current liabilities were $257,
As against the net income Of $777.-
492, preferred dividends Of $801. .797 were
paid, making q deficit deductible from
surplus Of $24,305.
Evening star., 1932-02-21
ELECTRIC BOND & SHARE
PLANNING NEW BASIS

NEW YORK, February 20 (P1.-The
Electric Bond g. Share Co. has called
q special meeting of stockholders for
March % to consider changing the
present common stock which is without
par value, to a par value Of IS a share.
on the basis of an exchange Of three OF
the present shares for one new share.
If the stockholders sanction the plan,
the company will have outstanding
about 5000, 900 shares instead Of the
present approximately 100000 shares.
Evening star., 1932-02-21
WAGES
TOO HIGH, SAYS L0REE
Hudson Coal President, in Income
Statement, Holds Scale Is
Above Needed Limit.
BY the Associated Press.

BY the Associated Press.
NEW YORK, February 20.-Anthra-
cite wages are unduly high in relation
to wages in other industries and are
not required in the light Of the present
cost of living, said L. F. Loree in a
report of the Hudson Coal Co., released
yesterday. Mr.. Loree Is the president
Of the company and its parent COM
pany, Delaware & Hudson Co.
The income statement showed that
the company operated at a deficit Of
$729,97 last year, which contrasts with
net income of $1,l66,928 In 1880.
Anthracite production by the COM
pany during the year totaled $685., ,720
tons, a decrease of 1.366,936 tons, or
1891 per cent from 1880.
Evening star., 1932-02-21
WEEKS RETAIL SALES
REPORTS CHEERFUL
Atlantic Seaboard Especially Has
More Favorable Trend as Result
of Good Weather.
BY the Associated Press.

By the Associated Press.
NEW YORK, February 20.-Retail
sales showed a further slight improve
ment during the past week, according
to the weekly survey by the Fairchild
Publications. Sales gained as result
Of more seasonable weather. especially
on the Atlantic Coast States.
February sales to date hardly show
the same ratio Of decrease under 1881
as recorded for January as compared
with January, 1881. Total decrease in
February may approximate IS per cent.
This decrease is somewhat less than
the decline in retail prices.
The improvement in security and
commodity prices has stimulated de-
mand. Sentiment has improved slight
ly. Merchants are hopeful that pre-
Easter business will be favorable, espe-
cially with seasonable weather.
Evening star., 1932-02-21
Consolidated Gas Dividend.

BALTIMORE, February 20-Regular
quarterly dividends Of 80 cents per
share on the common stock Of the Con-
solidated Gas, Electric Light & Power
Co., and the regular dividends on the
S per cent. 512 per cent and 6 per cent
preferred stock were declared this week
at the monthly meeting Of the board
of directors. Payments will be made
April / to holders Of record March Is.