davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-03-18
BUCKNER LAUDS SAFETY
IN INSURANCE FIELD

Life insurance companies in general
have not been surpassed in the field OF
safe investing and that their record OF
the past two years has added greatly to
their prestige, Thomas A Buckner, presi-
dent Of the New York Life Insurance
Co., said in connection with his report
of the company's business to policy
holders.
Despite the unprecedented economic
stress in 1881, Mr.. Buckner declared,
the past year was, circumstances con-
sidered, a very satisfactory one for the
New York Life. During the year assets
were increased by more than $10l, ,000.-
600, while the gain in total income was
$2l, ,944,s
Referring to the wide publicity given
to the railroad situation, Mr.. Buckner
pointed out that railroads were indls-
pensable to the economic life of the
Nation and that relief through freight
rate increases and wage reductions,
estimated at about $500, ,000,0 600 for the
coming year, has already been obtained.
The amount Of the company's railroad
bonds In default Of interest, he said. Is
so small that It is Of no material con-
sequence. = - ~ c-<t s'ss
Evening star., 1932-03-18
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, Md, March 18.-White
potatoes, per 100 pounds, 75a1.05; sweet
potatoes, bushel, 35a60; yams, barrel
l.oOa150; beans, bushel, 200a3. rs;
beets, crate, 2.75a3O0; cabbage. hamper
2.coa2.75; carrots, bushel, 1.5oa1.75
caulif1ower, crate, 1.65a1.90; celery
crate. 2O0a3.50; kale, bushel, 25a35
lettuce, crate, 200a2.75; onions, per 10C
pounds, 4.00a6.00 peppers, crate, LISA
ATS; spinach, bushel, las; squash
bushel, 1.50a2.00: tomatoes, crate, 1.00a
ATS: turnips. hamper, 40a65 apples
bushel, 90a1.75; grapefruit, box, 1.00a
200; oranges, box, 2.25a4.25; straw
berries, pint. 8a22l2.
Dairy Markets.
Chickens-Young, 24a28; Leghorns
22a24; Old hens, 18a20; Leghorns, old
17a18; roosters. 11a14; ducks. 12a22;
pigeons, pair. 2oa35; turkeys, 1896.
Eggs-Receipts. 1852 cases; current
receipts, 13; duck eggs, 18a22.
Butter-Good and fancy, creamery
22a2512: ladies. 15a16; process, 19a20;
store packed, 1oa11.
Live Stock Market.
Cattle-Receipts, 600 head; steady;
good to choice, 6.5oa7.5o; medium 10
good, 5.50a6.50; fair to medium, 450a
$50; plain to fair, 4.00a5 90: common
to plain, 3.00a4.00. Bulls-Medium to
good, 375a425; fair to medium, 3.50a
3.75; plain to fair, 325a3.50; common
to plain, 3.00a3.25. Cows-Medium to
good, 350a400; fair to medium, 3.25a
$50; plain to fair. 2.5ca3.25; common
to plain, l.50a2.50. He:fers-Good to
choice, 5.5oae.o0; medium to good, SOC
a5.50; fair to medium. 400a5.00; plain
to fair, 350a4.0o; common to plain
3.ooa3.5o. Fresh cows and springers,
80 00a6o.00
Sheep and Lambs-Receipts, 400 head
steady. Good to choice lambs. 7.50s
$50; sheep. 1.ooa3.50; lambs, common
to medium, 4.00a6.50.
Hogs-Receipts, 1,500 head, higher
light, 490a5.45; heavies, 4.75a5.10
medium, 4s0a5.45; roughs, 300a4.1o
light pigs, 4.50a5.10; pigs, 4.soa5.45
Western hogs, 10a20 higher than quo
tations.
Calves-Receipts, so head; steady.
Calves, 4.00a900.
Hay and Grain.
Wheat-No. 2 red Winter, garncky
April, no quotation.
Corn-No. 2 yellow, spot, domestic
42a43; cob corn, new. 2.00a2.1o PEI
barrel.
Oats-No. white, domestic, 34a35
No. 8 white, domestic, 1898.
Rye-Nearby, bag lots, 45a48.
Hay-Receipts, none. General hay
market is quiet. Receipts ample O.
timothy, but good mixed hay scarce ane
bringing q premium. Prices range from
12.00 to 1900 per ton. as to grade ane
kind; latter figure for choice clover
mixed. The poorer grades Of timothy
are irregular in price.
Straw-No. l wheat, s.50a9.00 PEI
ton; No. oat, 9.00al0.00 per ton.
Evening star., 1932-03-18
AUTO TRADE GAINS
ARE SEEN BY SLOAN
General Motors President Has Con.
fdence in Future Of Industry.
Report Made.
BY the Associated Press.

~ SiAO AooOClALc0 EIeoe
Implicit belief In the progress Of the
automobile industry is expressed by Al
fred P Sloan, jr., president of the Gen.
eral Motors Corporation, In the annual
report OF the corporation for 1881.
Notwithstanding decline in sales
and net earnings during the year, Mr..
Sloan states that ut is not at all un-
reasonable to assume that during the
next two or three years the motor car
will make greater advancement on all
counts than 1t has during much
greater interval in the past"
Irrespective of the financial results
OF the years operations" the report
states, "the difficulties that have been
met can only serve to strengthen the
operating organization.
THE management carries forward
with every degree of faith and full con-
f1dence in the opportunities Of the fu-
ture, fully recognizing that, to very
important degree as far as General Mo-
tors Is concerned, the future depends
upon the courage and intelligence with
which its problems are met"
The report points out that, based
upon automobile registrations in the
United States, General Motors secured
the highest percentage of the total pas
senger car businss in its history, or 43.3
per cent, against 34.5 per cent in 1880.
Also, combining both passenger and
commercial cars, the corporation claims
1t obtained 41.6 per cent, compared with
80 per cent in the previous year.
The corporations net sales for the
past year, excluding intercompany and
inter-divisional transactions, amounted
to $808, $40, ,723, against total in the
previous year of S983, ,375,137, reduc-
ton Of 17.7 per cent.
AS previously shown in the prelimi-
nary statement published last January,
net earnings for 1881 amounted to $685.
877,107, in comparison with net for
1880 of $153, ,766,247. This was equal to
$201 share on the common stock,
against 1925 share in the preceding
period,
Evening star., 1932-03-18
UTILITIES FEATURE
TRADING ON CURB
Market Turns Active on
DoWnside-0iIS Hold
Fairly Steady.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, March 1S.-Public
utilities featured today's active and
weak Curb Exchange session. Selling,
which represented liquidation as well
as short sales, was the heaviest since
early this year.
Electric Bond 81 Share common,
when-issued common, SIS preferred and
Sc preferred broke to new lows as
offerings of these securities increased
while quotations declined. American
& Foreign Power warrants, United
Light g. Power A, Middle West Utilities
and American Gas & Electric likewise
moved into new low territory. Cities
and Standard Oil of Indiana was not
much changed, holding above the 10
level.
The selling that converged around
Electric Bond & Share explained the
heaviness Of public utilities generally.
This management concern directly con-
trolls American g. Foreign Power, its
chief foreign operating unit; Electric
Power g. Light and American Gas &c
Electric. Affiliates of Electric Bond &
Share include American Power & Light
and National Power & Light. Further
more, the management concern has a
minority interest in commonwealth q
Southern, American Superpower and
United Cooperation.
American Power & Light has the fol-
lowing subsidiaries: Florida Power g.
Light, Kansas Gas & Electric. Minne-
sofa Power & Light, Nebraska Power,
Pacific Power g. Light and Texas Pow
er & Light. Only preferred shares Of
these are on the Curb. National Pow
er g. Light lists not only its senior
shares but those of the following sub.
salaries: Birmingham Electric, Caro-
lima Power & Light, Pennsylvania Pow
er g. Light and Memphis Power g.
Light. American Gas & Electric COM
mon and preferred is on the Curb, as
we'll as its subsidiaries, Ohio Power and
Scranton Electric.
Evening star., 1932-03-18
SPECULATIVE BOND
MARKET DECLINES
U. S. Government and For
eign Group Maintain
Steady Trend.
BY F. II. RICHARDSON.
Special Dispatch to The Star.

, Special Dispatch to The Star.
NEW YORK, March 18.-Speculative
bonds declined sharply today, rejecting
weakness in stocks, and to some ex-
tent carried down with them bonds OF
a more seasoned nature. But United
States Government issues maintained
a firm tone and the liquidation did not
extend to the foreign department.
The market opened narrowly higher
with trading dull, but when the specu-
lative group started downward activ-
ity picked up. This was a reversal OF
recent conditions in the investment
market and indicated that the acute
. weakness of utility stocks and bonds
had brought out some forced liquida-
ton.
So far as bonds were concerned there
were no news developments that might
be blamed for the weakness. Reports
current in the Street for two days that
some developments favorable tothe rail-
roads were coming from Washington
were still unfulfilled, and those who
had taken a long position in Junior
bonds rushed to get out.
Nickel Plate IS, which rose nearly z
points on Thursday, slumped about 6
points today Cotton Belt As, after
advancing to 831a in the last hour
Thursday, dropped back to 80. Frisco
AIS lost all of Thursdays gain. Mis-
souri, Pacific obligations, after higher
opening, dropped 2 to 3 points, also
erasing all of the previous days gains.
Other losses were Illinois Central ANS,
Chicago g. Northwestern 434s, Rock
Island refunding As, Chesapeake Cor
poration IS and Allegheny Corpora
ton S. AS q part of this movement
more highly regarded rail issues, such
as Northern Pacific As, Pennsylvania
general AIS, New York Central 5s and
Southern Pacific 41as all dipped sub
estantially.
The decline was too fast, however
and resulted in a sharp recovery in
most of these issues that carried them
back partially.
Industrials were somewhat better,
though there were declines in McKesson
g. Robbins 5las, International Match 5s
and others Of the type. Junior utility
issues mirrored the acute weakness Of
their companion stocks. American &
Foreign Power IS dipped 6 points.
Utilities Power & Light SIS and 5lss
lost about a point. Probably the
sharpest declines were in the insult
group. Middle West utilities notes, due
this year and for which funds sufficient
to meet the maturing $10,000,000 were
recently reported placed in the bank
sold of about 6 points and then the
bid price dropped even lower.
United States Government Liberty
and Treasury loans maintained their
recent strength. with small gains in
most issues.
Canadian issues were all strong,
especially those of the Canadian Pa
ciflc Railway. The road offered today
s12,500, 900 Of per cent convertible
debentures at par. The bonds may be
changed into the common shares at $25
within years and mature in 10 years.
The SIS are secured by deposit Of the
Perpetual As, first-lien bond. The
issue was reported subscribed
Apart from recovery of from 2 to
8 points in Argentine descriptions, the
foreign list was quiet In early trading.
Evening star., 1932-03-18
Grain Market
By the Associated Press.

By the Associated Press.
CHICAGO, March 18.-Grain prices
rallied quickly today from initial down.
turns. Liverpool wheat quotations dis
played unexpected strength, British
millers were reported active buyers, and
there were advices Of dust storms in
Northwest Kansas.
Opening unchanged to p lower, wheat
afterward showed an all-around sag,
but more than recovered. Corn likewise
started unchanged to y of, subsequent
ly underwent general setback, and
then rallied.
Evening star., 1932-03-18
EXPORTS OF CANADIAN
MOTOR VEHICLES GAIN
BY the Associated Press.

By the Associated Press.
Exports of Canadian motor vehicles
In January reached value Of s2O5, ,53s.
an increase of 109 per cent over De-
cember shipments Shipments of parts
during the month totaled S42,431, a
slight loss as compared with the pre-
vious month.
Exports Of total passenger car and
truck units increased 124 per cent over
December, but they were 81 per cent
less than exports in January q year ago
Exports of trucks exceeded those of
passenger cars by 43 per cent. The
greater increase in truck shipments was
in the classification "one ton or less, u
which showed gain of 344 per cent.
Evening star., 1932-03-18
New York Cotton
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March 18.-Cotton
prices were unchanged to points lower
at the opening Of the market today.
Trading was dull. Trade demand kept
March and May at firm prices, but
commission house sales were heavier in
December and January.
Opening prices were: March, 6.S5, un-
changed; May, 6s3. unchanged; July,
7.08, off 2; October, 7.3l, unchanged;
December, TAT, off 2, and January,
7.55, off 2.
Evening star., 1932-03-18
BRITISH STEEL EXPORTS.

BY the Associated Press.
British exports Of iron and steel
products registered q decerase, totaline
l3e,777 gross tons, as compared with
l67,3 In January, drop OF 1874 per
cent, the lowest figure since September
1881, when England went OF the gold
standard. Imports, on the other hand
rose by 48 per cent to total 252,257 tons
during the month. The trend of the
British trade in February served to in
crease the unfavorable trade balance in
these items, which has existed now for
the eighteenth consecutive month.
Evening star., 1932-03-18
1000 PLANT PLANNED.

HAGERSTOwN, Md, March 1e
Especially Philadelphia, Washington
and Cumberland, Nd, interests signed
lease with the North American Ce-
ment Corporation for plot OF ground
adjacent to the latter's Security Cement
plant, where work will be started i'm
mediately on an aniesite manufactur-
ing plant. The plant will cost approxi-
mately $4,000.
Evening star., 1932-03-18
PARIS R0uRsE PRICES,

PARIS, March Is (R.-Three per
cent rentes, 10 francs go centimes. Five
per cent loan. l0l francs Is centimes.
Exchange on London, sl francs 81
centtmes The dollar was quoted at as
francs 3912 centinss. =
Evening star., 1932-03-18
New Saorstat Stamps.

DUBLIN (P.-Special postage stamps
are to be issued by the Irish Free State
to commemorate the eucharistic con-
gress here in June.
Evening star., 1932-03-18
Washington Stock Exchange
SALES,

SALES.
Potomac Electric SO pfd.-10 at Ill.
Potomac Electric 515 % pfd.-5 at 10412,
at 104Hz, 10 at 1041z, at 1042.
AFTER CALL.
Anacostia & Potomac r. r. 5s-$1 ,00o
at 51K4, 1000 at 51H.
Mergenthaler Linotype-8 at Ala.
Evening star., 1932-03-18
N. Y. CURB MARKET
Received BY Priyae Wire Direct The Once.

steeks ssld In 1oo-shars lots exeept these
designated BY letter "s.'
EtOrk
Evening star., 1932-03-18
J Direct to The Star once.

Dividend rates In dollars based on last
quarterly or semt-annual payment. 'Ex
dividend. tPartly extra. 3Plus ~ in stock
. Payable in cash or stock. b Payable in
stock. Adjustment dividend. Plus So.
in stock. IPlus az in stock. Plus lo%
in stock n Plus ~ in stock. n Plus So in
Evening star., 1932-03-18
Discount Rate Reduced.

VIENNA March 10 (R.-The Ma
tional Bank has reduced the discount
rate from 8 to per cent.
Evening star., 1932-03-18

France plans to spend s1eo, 900 900 on
development.
Evening star., 1932-10-23
Highlights of Hoover Address

BY
OLYMPIA october 22Hee highliehts
policies Of the Republican administration
They taking distress
the gigantic forces of depression retreat"
during Spring defeating of the
other destructive legislation"
President
will these including
the prepayment Of the bonus
"The Democratic says exavagan
should
policies will defense; needed
Federal relief
increased"
expenditure 1882 O
Sl,500O00000"
What will determine November
change OF individuals importance than merely
the coming
THE
Of noerabe lifted While
80 of the dollar
ment I have worked hard to reduce this"
Republican program
Of its natural self because retrospect there universal ogni
nery thought facing
frightened offered temptation specous
panaceas"
Change personal position
Importance
policies the and
national life"
1t
extinction of liberty and opportunity
Evening star., 1932-10-23

BY the Associated Press.
~ ETROIT, October 22-Follow-
ing is text Of President Hoo
J yer's address at Olympia Arena
here tonight;
The most important issue before the
American people right now is to over
come this crisis.
What our people need is the restora.
ton of their normal jobs, recovery CT
agriculture prices and business. They
need help in the meantime to tide them
over until these things are accomplished,
that they may not go hungry nor lose
their farms and homes. wish to pre-
sent to you the evidence that the meas
ures and policies of the Republican ad-
ninistration are winning this major bat
tie for recovery. They are taking care
OF distress in the meantime. 1t can
be demonstrated that the tide has
turned and the gigantic forces of de-
preston are in retreat. Our measures
and policies have demonstrated their
effectiveness They have preserved the
American people from certain chaos and
have preserved final fortress Of sta
Evening star., 1932-10-23
Urged Expenses Cut.

You will recollect my recommends
tions to the Congress in my message
of last December 8:
First-Drastic reduction In Govern
ment expenses. .
Secondly this and IN increase n
Evening star., 1932-10-23
Assails House Program.

When our opponents rise and say that
they are the party to be trusted with
the reduction Of governmental expendi-
-t.poL ! recommend that you compare
Evening star., 1932-10-23

The actual expenditures for 1927 were
$685., ,0O0, 900. For 1881 they were S4,-
220, 100000, or an increase OF $685. ,000.-
900. Bear in mind the Governor says
he wants to compare the routine or
binary costs Of conducting the Govern
ment. He also says that he favors re-
lief measures by the Government.
He then neelects to inform the coun-
try that the Increased expenditures for
1891 over ana above those for 1927 were
almost wholly for relief Of the depres-
SION. These include an emeenency u.
Evening star., 1932-10-23

Face Three Perils.
We were faced with three great
perils. The first was that through the
losses and decrease in profits Of busi-
ness there was a sharp drop In Federal
tax revenues Of 81 700, 900, 900, or near
ly one-half the whole. We were faced
with inability to pay our expenses OF
Government except by an increase in
taxes or alternatively by enormous bor-
rowings.
Second-The integrity Of the none
tary system was increasingly threatened
by the terrible impact Of foreign gold
withdrawals and our own boarding and
the inflexibility Of the Federal Reserve
act.
Third-The whole private credit ma
chinery of the country was so paralyzed
that credit was practically impossible
to obtain, business dried up and de-
mands were made right and left upon
debtors to force them to raise cash
upon their property in diminished or
non-existent markets. Unless these
forces could be stopped the whole Ma
ton was in the gravest danger.
should like for a moment to review
the whole program we proposed, ana
have largely established, to meet this
emergency. Some of its effectiveness
was lost by delays in placing these
weapons in our hands, for in battle
much depends upon being there on
time. Some part Of the losses, IN fall
ures, bankruptcies. falls In farm prices,
increases in unemployment were due
to these delays. Some Of the delays
were the result of the slow moving OF
Democracy, much Of it, and refusal to
enact some measures, were in conse-
ouence Of destructive Democratic op-
position. And again I wish to state
that certain members of that party did
cooperate with US, and to them I pay
tribute for their patriotism.
Ursed Expenses Cut.
Evening star., 1932-10-23

Referring to the letter, in which he
quoted Gov. Roosevelt as pledging
support to enough public works to pro-
vide employment for all surplus labor,
the President interpolated that con-
tinued circulation. of the document Ito
obtain votes is subject to the severest
condemnation"
Mr.. Hoover emphasized the phase in
the letter ito provide employment Tor
all surplus labor at all times"
Cries of mo" came from the crowd
as the President asked if such frivol-
GUS promises and dreams should be held
out to suffering unemployed"
Interpolating again. the President saio
If the document was not genuine 1t
was time it was answered because it
was being circulated "for votes in this
campaign"
Some one in the crowd shouted
"Hurrah for Hoover" as the President
said that "the future is in your hands"
and belittled the Importance of what
happened to him personally.
The President was given another ova-
ton when he concluded.
It took him an hour and quarter
to deliver the address. He left immedt-
ately on his return to Washington.
On their way to Detroit crowds esti-
Evening star., 1932-10-23

A tremendous crowd greeted Presi-
dent and Mrs. Hoover as their train
pulled into Toledo at dusk.
1t was a tumultous reception with
the cheering crowd pushing and showing
around the Presidents rear platform.
Several wild ducks were presented by
w. w. Knight. IT,, of Toledo.
Local authorities estimated the crowd
at from 10000 to 5000 people.
The stops at IA cities en- route to De-
troit. with speeches at most Of them, left
the President visibly tired. At the last
stop, Monroe, Mich, he told the as
sembled crowd that he was saving his
VOICE .---...-.-,-
Evening star., 1932-11-12
SLOAN SEES BUSINESS
AGGRESSIVELY PUSHED
Special Dispatch to Tho Star.

Special Dispatch to The Star.
NEW YORK, November 12.-Alfred
P. Sloan, jr, president of General
Motors Corporation, asked about the
effect of the election on the business
trend, said:
"In my opinion there is ground for
the thought that there will be a GER
tain amount of hesitancy as result
Of the change in administration until
more is known of what the new policies
are to be. This suggests the prime i'm
portance and helpfulness of the earliest
practical announcement Of such policies
as well as the names of the individuals
who will be directly concerned.
"On the other hand, the strong man
date given the new administration is
certain TO establish great confidence the
world over that national and interna-
tional questions vital and fundamental
in the building of a broad foundation
Of economic recovery will now be dealt
with aggressively and constructively,
something that has apparently been
impossible before.
"In balancing these two influences one
against the other, I am confident that
business will push forward aggressively.
That at least will be the policy Of Cen
eral Motors Corporation. We must al
ways remember that this country Of
ours is greater than any individual or
group of individuals"
Evening star., 1932-11-12
: Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, November 12.-White
potatoes, 100 pounds, 60a100; barrel,
1.25a1.50: sweet potatoes, bushel, 30a60;
barrel, 50a90; beans, bushel, 75a1.75;
beets, per 100, 2.00a2.50; brussels
sprouts, quart, Balls; savoy cabbage,
basket, 20a35; carrots, per 100, 15Oa
400; caulifiower, 1.25a1.75 celery, crate,
1.00a1.50; cucumbers. bushel, 2.00a4 90;
eggplants, crate, 1.50a2 so; lettuce, crate,
2.50a325; lima beans, bushel, 1.00a2 rs; |;
onions, 100 pounds, 75a90; peas, bushel,
2.50a2.75; peppers, hamper, 15a25;
pumpkins, 5.00a10.00; spinach, hamper,
25a30: squash. bushel, 75a1.00; tona-
toes, lug, 75a1.5o; apples, bushel, asa
LBS; cranberries, box, 1.50a2.50; grapes,
basket, 80; grapefruit, box, 2.75a3.2
honeydews crate, 1.25a1.75; oranges,
box, 2.75a350; pears, bushel, 50a1.75.
Dairy Market.
Live poultry-Turkeys, young hens.
pound, 20; gobblers, ID; old hens and
toms, IT; crooked breasts, 12a13; young
chickens, 11a16; 1eghorns, 10a12; old
hens, 12a17; leghorns, 10a12; old
roosters, 8a10; ducks, 11a13; guinea
fowl, each, 20a30; pigeons, pair, 10a15.
Eggs-Receipts, I'll cases. hennery
whites. dozen, 33a35; nearby firsts, 28
a3o; Western flrsts, 2sa3O; Southern
firsts, 27a28; current receipts, 27a2S.
Butter-Good to fancy creamery,
pound, 19a2312; ladies, 13a14; store
packed, loal1; process butter, 15a16.