Evening Star Newspaper, April 21, 1930, Page 12

A—12 ISLAND GIRL SAILS FOR ORATORY MEET 15-Year-0ld Hawaiian Wil : Compete in Pacific Coast Contest May 9. - Margaret Bairos, 15, a junior in the Punahou School, Oahu. Hawaii, will sail today from Hawail for Seattle, | where on May 9 she will represent high schools of her native islands in the Pacific Coast regional finals of the geventh natonal oratorical contest, sponsored locally by The Star, with her ariginal oration, entitled “The Consti- tution—a Guarantee of Liberty for Every Individual.” This oration already has won for her first place over hundreds of Ha- wailan students and a free voyage to the Continent, and, if rated first at Seattle, will win for her a tour across the continent to the national finals in Washington on May 24 and later a 215-month tour of Europe this Sum- mer, with all expenses paid, along with the six other national finalists who will cmerge from preliminaries in various parts of the United States. Miss Bairos is a product of the pri- vate and public schools of Hawaii. This 45 her first year at Punahou, Hawaii's largest private school, and, incidentally, claimed to be the oldest American school west of the Rocky Mountains. The Honolulu Star-Bulletin, sponsor of the contest in Hawaii, reports at the conclusion of its second year in the project a heavier enrollment of | contestants and even more enthusi- | astic response than in the forerunner Jast Spring. The territorial finals, held §n Honolulu's largest auditorium in the McKinley High School, were attended by a capacity audence, with more than 1.000 turned away. Former Gov. Wallace R. Farrington of Hawaii presided at the meeting, and the following served as judges: Antonio Perry, chief justice of the Supreme Court of Hawail; Mrs. Marshall Webb, president of the Hawail Congress of Parent-Teachers; Edward K. Massee, judge of the United States District Court; Emil O. Berndt, president of the Hawailan Board of Missions, and Prof. N. B. Beck, instructor in English and glubnc speaking at the University of awaii. 0il Stocks BY GEORGE T. HUGHES. (This is the thirteenth of a series of * nalyses by Mr. Hughes of the prin- Sivai "ol ok’ " The Hhtent 15 ‘ot to the purchase or sal ;’lfi%fim:‘;flllflcl‘ but to give the investor Buch information as may enable him in- LUTken T chart his own course.) One of the oldest of the ariginal Standard Oil subsidiaries, Vacuum Oil, is in the public eye just now because of the proposition to merge it with Standard Oil of New York, a new com- pany, the General Petroleum Corpora- tion, to acquire the assets of both com- es. Court action has been initiated the Federal authorities to decide the question of whether or not such a con- solidation would contravene the disso- lution decree of the Supreme Court in the Standard Oil of New Jersey case. “The plan if it goes through will be a benefit to Vacuum because, quoting the official statement sent to stockholders, “the business of the two companies is complimentary in character. In gen- eral, the business of New York company in United States is primarily in crude production, refining and marketing of gasoline and kerosene; business of Vacuum company in United States is gflmmy in manufacture and market- g of high-grade lubricating special- . The bulk of business of New York company is in the United States; the bulk of the business of Vacuum com- pany is in foreign countries.” Regardless, however, of the decision as to the merger, Vacuum Oil stock has distinct investment merit of its own. The capitalization consists solely of $128,497,174 in $25 par value stock. There are no bonds; there is no pre ferred stock. Net income varies slight 1y from year to year, but the trend has been sharply upward. In 1929 profit after inventory depreciation, tax re- serve and all charges amount to $35,- 767,627. Ten years ago, in 1919, the same item was $8,11 . Earnings last year were equal to $6.96 a share on the stock outstanding, a slight falling off of from those of 1928, which were equal to $7.46 a share on somewhat lower number of shares. ‘The present dividend rate is $4 a share annually, with extras from time to time. Bookkeeping is of the most conservative type and financial position is outstandingly strong. The balance sheet as of December 31 last shows cur- rent liabilities of $17,486,575, against which there were cash and securities alone of $18,431,734. In 1928 share- holders received a 100 per cent stock dividend, and over a period of years similar disbursements may be expected. Considering the great strength of the company the market capitalizes earn- ings at a conservative figure. Washington Produce Butter—One-pound tub, 40¢ad1%s. Eggs—Hennery, ceipts, 2512226. Poultry, alive—Turkeys, young, 32a33; old, 28; Spring broilers, 38a40; Winter chickens, 32a35; Leghorns, 33a34; fowls, 26a27; capons, 32a35; ducks, 15a16; keats, 60a65. Dressed—Turkeys, young, prints, 42a43; 27a28; current re- | 38240; old, 34a35; Spring broilers, 46a 48; Winter chickens, 37a38; Leghorns, 36a37; fowls, 30; capons, 35a40; ducks, 25a26; keats, 80a90. . Meats, fresh killed—Beef, 20a23; veal, 22a25; lamb, 22; pork loins, 25a28, fresh hams, 24a25; fresh shoulders, 22; smcked hams, 26; smoked shoulders, 20a22; bacon, 26; lard, in packages, 1215; in bulk, 1135. Liv stock—Calves, 9all; Spring lambs, 11a13. BOMB DAMAGES OLD NEW YORK OPERA HOUSE Movie Projection Booth Apparent Target of Mysterious Attack in Which None Is Hurt. By the Associated Press. NEW YORK, April 21.—A dynamite bomb early yesterday wrecked a con- crete, iron-sheathed projection booth in the Grand Opera House, landmark since the 70s at Twenty-third street and Eighth avenue. The building, which now is operated as a motion picture theater, was empty except for the night watchman. No one was injured. The bomb, apparently planted by a man who was seen running from the theater to the street, blew a 5-foot hole in the floor of the gallery, a smaller hole in the floor of the booth and caused a short circuit. The resulting fire was confined to the booth. The manage- ment of the theater told police they were at a loss to account for the bombing. KILLS WIFE IN STREET North Carolinian Holds Witnesses at Bay With Gun. ASHEVILLE, N. C, April 21 (®)— Robert Neighbors, 45, shot his wife, Nannie, 36, on a busy suburban street Saturday night and then, standing over her body with a pistol, held witnesses who sought to aid her at bay until she was dead. Neighbors ~ surrendered to officers without a struggle, after assuring him- self his wife was dead. At the Bun- combe County jail, where he was held without bond, he refused to make any statement. Police said he apparently was intoxicated. Shenandoah Apple Blossom Festival Winchester, Va. APRIL 24-25 Street carnivals grand pageant of prog. ress with over five hun red people, aerial circus, flying stunts, historic and beauty parades, band con-| erts, fireworks and many, entertainment features. $ 3 20 Tickets on Sale April 24.25 good for Round returaing Tr‘p April 26 Ask Travel Bureau for Leaflet and Details Phone District 3300 “Take no chances with inferior tubes says F. A. D. ANDREA President of F. A. D. ANDREA, INC. ‘“FADA RADIO” "‘ocfl test all our sets with RCA Radiotrons and rec- ommend the use of RCA Radio- trons for Fada Vibra-Control Radio. RCA Radiotron quality and engineering precision assure the maximum performance built into every Fada set. They are the only safeguard against troubles caused by faulty tube construction. Take no chances with inferior vacuum tubes. To get maximum enjoy- ment from Fada Vibra-Control Radio use long-lived RCA Radio- trons throughout for both initial equipment and yearly replace- ment.” ',’ EADIO ENGINEERS ADVISE: e way to maintain 0O« imize diss sensitivity an: ey 11 thy tubes in your radiy A Radiowons o eus once yeur This perform- reeable noises snd other used by inferior tubes. RCA Rad you the maximum in selecuvity, 2d e qualis, adio- Oldtubes mayimpair the performance of the mew CA Radiotron b / THE IIEART{F, YOUR RADIO SET THE EVENING STAR, WASHINGTON, NEW YORK, April 21—The follow- ing is a summniary of important corpora- tion news prepared by Standard Sta- tistics Co., Inc.,, New York, for the As- sociated Press: Weekly News Review. ‘The stock market in the four trad- ing sessions of last week displayed market irregularity, with the general trend toward lower levels. It was the first week in more than a month dur- ing which the general market failed to register progress, and the first since the final week of February in which none of the groups included in our indexes attained new high levels for the year. Our composite 90-stock index closed on Thursday at 204.5, or 1.1 points under the level of April 12. The industrial index declined 1.0 points, utilities 1.6 points and the railroad 0.7 point. Turn- over was the smallest in several weeks, averaging about 4,200,000 shares daily. Brokers’ loans, as reported by the Fed- eral Reserve Board, increased $130,000,- 000 in the week ended April 16. With the exception of two weeks previous, this increase represents the largest gain of any corresponding period thus far in 1930. In the week immediately per- ., loans increased by only $26,- 000,000. The loan total now stands at $4,124,000,000, or at the highest level since November 13, 1929. Call money ranged between 4 and 315 per cent, closing the week at the latter figure. Trade and industrial news of the week was again of a mixed character, with steel and freight loadings supply- ing the favorable items and foreign trade, copper and oil the unfavorable. Production in the steel industry was increased slightly due to the greater | activity among the independent com- panies. The industry as a whole aver- aged about 76 per cent of capacity com- pared with 75 per cent a week previous. Independents, reflecting larger releases from the automobile industry, advanced their rate to 74 per cent against 70 per cent in the preceding week. United States Steel operated at 78 per cent against 79 per cent a week previous. A year ago the independents and United States Steel Corporation were operating at 96 per cent of capacity. Latest figures on freight loadings for the week ended April 5 recorded the smallest decrease compared with a vear ago of any week since early in Febru- ary. Total of 907,928 cars was 2.6 ger cent larger than the previous week’s , but 5.2 per cent below 1929. commodity ~classifications par- ticipated in the improvement except live stock and coal. Loadings of grain D, -0 and grain products expanded over those of a year earlier for the first time since the week of August 24, 1929. Geographically, the Pocahontas region was the only one to record an increase over the same week of 1929. Total loadings in the Central, Western and Couthwestern regions except for the like period of 1929, where the highest for any corresponding period on record. As anticipated, copper producers last week announced a reduction in the | price of copper from 18 to 14 cents, de- livered Connecticut Valley. Export quo- tations _were correspondingly lowered from 18.30 to 14.30 cents. The cut was_inevitable in view of the steadily weakening position of the industry and the inability of producers to cope with mounting supply of salable metal which on April 1 reached the total of 256,020 tons of refined. This is the highest figure since January, 1922, when war accumulations were being dis- posed of. | There is as yet no assurance that the | deduction, sharp as it was, has placed | quotations at a level which will induce | a satisfactory market response from | consumers. In fact, many buyers ap- parently feel that, in keeping with price | declines registered by other basic com- modities, a further reduction of 1 or 2 cents may be necessary before sales at- tain the volume which would justify a resumption of normal output. This contingency will very likely govern the | Knows each should be treated. strong new hair. scalp troubles. gation. HE IS a trained Thomas scalp specialist. knows the symptoms of the fourteen external causes of baldness and he knows specifically how He knows exactly how to end the various forms of dandruff; how to stop fall- ing hair, and how to rejuvenate your scalp to a nor- mal, healthy condition conducive to the growth of How To Grow Hair He Your particular scalp disorder should be treated by this trained Thomas specialist who does nothin, but examine and treat the various forms of hair an In growing hair and preventing baldness he replaces guess-work and general “cure- all” remedies with ecientific treatment designed to meet your own particular needs. You, Too, Can Have a Good Head of Hair Last year The Thomas’ successfully administered 321,562 treatments in their forty-five offices through- out the United States and Canada. grows hair, stops falling hair, ends dandruff and makes the scalp healthy. What they have done for others with their fifteen-year proved treatment they can do for you. Call for a complete examination by a Thomas’ specialist—there is no charge or obli- This treatment Worlds Leading Hair and Scalp Specialists—Over 45 Offices The THOMAS® 1333 F Street, N. W., Adams Bldg, Men—Suite 5023 Women=—Suite 501 HOURS=H A. M. to 7. M. SATURDAY to 3:0P. M Companies that have prospered through wars, panics and depressions Common stocks of these 28 companies are deposited under CORPORATE TRUST SHARES OILS Stand. Oil (New Jersey) Stand. Oil of New York * Stand. Oil of Ind. Stand. Oil of Cal. ‘Texas Corporation UTILITIES American Tel. & Tel. ‘Western Union Con. Gas of New York INDUSTRIALS United States Steel General Electric Price at Market about $10% per share GRrRAHAM, PARsONS & Co. 1422 WALNUT STREET PHILADELPHIA 300 SOUTHERN BUILDING —WASHINGTON READING SCRANTON CORPORATE TRUST SHARES represent an ownership through common stocks in the 28 companies listed here, some of which are older than any person living today. They have survived and prospered through wars, panics and depressions. Today, with- their vast surpluses, and their wide experiences, these companies are fortified better than hazards of business. L] CORPORATE TRUST SHARES enable the investor to participate not only in the earnings of these great companies but also to enjoy their remarkable and time proven stability, Descrittive Circular on Request PITTSBURGH BOSTON BALTIMORE 48 WALL STREET NEW YORK WASHINGTON ever against the TRENTON NEWARK MONDAY, APRIL 21 1930. policies of many larger consumers who see no purpose in heavily committing themselves until indications of price stabilization materialize. Nevertheless, there will undoubtedly be considerable purchssing to cover emergency needs. A large volume of export business came into the market immediately, fol- lowing the reduction. Some of the leading electrical equipment companies. the four or five largest of which a.- count for annual purchases of ap- proximately 400,000 tons in the aggre- gate, have probably been waiting for this action and may place sizable ton- nages. On the other hand, public utility companies will probably gauge on a par with a year ago. Demand for copper from the automobile and construction industries will pmb.hly' be in reduced volume during the greater part of 1930. Many smaller users of copper are being affected by the decline in general business activity. Reflecting the world-wide recession in trade, merchandise trade exports from +the United States in the first quarter decreased $285,300,000 to $1,134,294,849, the lowest total since 1926, while im- ports declined $229,349,000 to $892,- 758,587, the lowest figure for the quar- ter in over seven years. March exports totaled $374,000,000, a decrease of $115.- 849,000 below March a year ago and the lowest for the month since 1924. Im- ed $300,000,000, or $83, their commitments with the rate of power consumption, now running about Hom-De-Lite Mayonnai: Made With FRESH Eggs! 818,000 less than 1929 and the smallest on any like month since 1922. Crude ofl output in_the week ended April 12 averaged 2561150 barrels daily, an increase of 30,700 barrels daily over the preceding week. This in was due chiefly to the increased jow of wells in Oklahoma, where yield advanced 29,650 barrels daily. Califor- nia output was 3.000 barrels a day less than in the week nrevious, while pro- duction in Texas flelds declined 4,750 barrels daily. Radio is reported to be ousting the piano_in Denmark. Finland is considering the construc ion of a new shipyard Pappy’s Guava Jelly Is Really Different! Complete Satisfaction— —if you buy all your Foods and Table Needs in the 4500 Stores. 450 Serv- ice brings the world’s best to your very door—at prices which prove the wis- Where Quality Counts! RAISINS dom of shopping California Seedless A4SCO Hawaiian Sliced Pineapple :: Vogt’s Skinless Frankfurters c 23¢ You'll Like Them! Purchase a po Tasty Potted Meats 13¢c 20c the pound can unopened and we full purchase price. Emerald Budded Delicious and Satisfying—the Life of the Meal! &0 Coffeew29c 39c—29c=10c Saved VICTOR COFFEE ' 25C Sweet Mixed, Sour or Dill Pickles A4S0 Strained Acme “The Finest Butter in America” 4500 Peanut BUTTER jar "o a5 | 10c, 17¢, 25¢ A Big Nickel’s Worth Pan Victor Bread = Q¢ Homemade Style Milk RO“S loc.,.,.... N. B. C. Orange Drops.......lb, 25¢c Suggestions for Daily Needs! Goéd Seal Rolled Oats. .....3pkgs.25¢ A4SC0 Corn Flakes ..... ve.. .3 pkgs. 20c 45C0 Evaporated Milk................can 5¢, 10c Farmdale Evaporated Milk........ .3 cans 25¢ ASC0 Tomato Catsup...... vaisiae sie shosisDOtIISE French’s Cream Salad Dressing............jar13c Campbell’s Assorted Soups........ .6 cans 55¢ Farmdale Tender Richland Butter One pkg. Sunshine Krispy Crackers One Package National Saltinas LAMB Peanut Butter Finest Meats! Very Economical Round Bone Shoulder Chops Roast Lamb End Cut IPork Chops = 25c¢ w. 25¢|fa’ Liver Apple Sauce <= 12}sc|ies Cheese Shoulder Lamb Lean Stewing u» 30c uw 25¢ e Chops Lamb Center Cut Pork Chops = 35¢ ! Liver Smithfield Ice Cold Fresh Produce! Green “As Long as They Last. ~20¢ And receive one 5c can FREE. Use the 5c can first, and if not entirely satisfied, return Walnuts » 32¢ Ame Coffee ™. 35¢ Ceresota, Gold Medal, Pillsbury Honey = 15¢ FlOlll' s One 10c tumbler A4sco 2r13c¢ Del Monte or £5C0 Californ big 25¢ (|Peaches 2+45c¢ Special Value! asco Baking Powder T r— und can will cheerfully refund the 8 Orienta Blend COFFEE = 42¢ Jar 290 5™ 27c 12 ™ 55¢ Reg. 25¢ Libby’s Finest Cooked Corned Beef = 23¢ Serve Hot or Cold! Reg. 55¢ Diplomat Boned Chicken = 49¢ Del Monte or 45C0 Fancy Sweet all for 19¢ is Nutritious, Appetizing and at 45C0 Prices, 28c w 20¢ » 10c 2 = 25¢ 29c » Peas - - - - 27=x23c New Cabbage - - 4r25¢ ~+ Spinach - Kale - - 5¢ ro Hundreds of thousands of up-to-date homek: d Asco i foods and table needs. Such con‘:idmme must !; m:?ad.::l:e;: — prices 5 our_stores an L] PR meat’ markets in Washington sad vietsity.