Evening Star Newspaper, July 7, 1930, Page 12

CRASH PREVENTS ATLANTIC FLIGHT Flames Destroy Plane, Injure Mayor Wynne-Eyton, in Test Hop. By the Associated Press. ST. JOHN'S, Newfoundland, July 7. =Flames which destroyed his plane and put Maj. C. 5. Wynne-Eyton of England in a hospital, have ended his attempt to fly eastward across the At- lantic. ¢ Crashing from a height of 20 feet here yesterday, the English aviator suffered slight burns and cuts. His de Haviland Moth airplane burst into flames and was destroyed ‘Wynne-Eyton, squadron leader of the Royal Air Force Reserves, had hopped off to fly to Harbor Grace. The plane noe- dived after taking off with a wind at its back. Braving the flames which quickly en- veloped the craft, onlookers pulled the aviator out. Doctors said he would re- cover. ‘The monoplane had a gasoline ca- pacity of 150 gallons and an estimated cruising radius of 3.500 miles. It had been assembled on Lester's Field, from which Alcock and Brown took off for the | first successful North Atlantic plane crossing in 1919. Wynne-Eyton arrived here June 30 by steamer from Liverpool and planned to start his_transatlantic passage on July 10 from Harbor Grace. The plane was constructed for the flight. Wynne-Eyton has flown in France, Africa and India for 16 years. He is 42 years old and has the D. 8. O. PHILIPPINE CHOLERA EPIDEMIC SPREADS New Provinces in Luzon Affected, With 78 Additional Cases Since July 1 in Islands. By the Associsted Press. MANILA, July 7.—Cholera has made widespread gains in the Philippines in the past week, Department of Health figures released yesterday revealed. The disease has entered several previously unaffected places, despite efforts of health authorities to check it. Deaths since June 20 were estimated at 221, The disease has appeared for the first time in the Provinces of Pangasiman and Bulacan on the Island of Luzon, the Island of Leyte and in the City of Cebu. As a result, Dr. R. W. Hart, director of the United States Public Health Service in the Philippines, placed the city under a modified quarantine, refuiring examination of all departing passengers and their vaccination. ‘The official report for the period from June 20 to July 1 places the number of cases in the islands at 436, and the deaths at 188. Since then reports from various places indicate 78 additional cases and 33 deaths. KIDNAPED DéPUTIES FREE Communists Seized in Finnish Diet Building Return Unhurt. HELSINGFORS, Finland, July 7 (#). —Communist Deputies Pekkala and Roekoe, who were abducted from within the Finnish Diet Building last Satur- day, were released by their captors without having suffered any injury. ‘The Deputies had been kidnaped dur- ing a session of the Diet’s Constitutional Committee and whisked away by 10 men in two motor cars. SHIPPING NEWS Arrivals at and Sallings From New York. ARRIVED. Pastore—Port Limon. . Lapland—Antwerp : Stuttgart—Bremerhaven De Grasse—Havre Evangeline—Yarmouth. DUE TODAY. American Banker—London. Cleveland—Hamburg .June 29 June 27 “June 26 "June 28 San Lorenz Porto Rico—San Juan... California—San_Francisco. Olympic—Southampton . Britannic—Liverpool Ceiba—Kingston Cameronia_Glasgo) Tuscania—Southampton Scythia—Liverpool ... DUE TOMORROW. Contess: Ceiba ... Bridgetown—Puerto Colom| Commewyje —Haitian Bergensfiord—Osio ... DUE WEDNESDAY, JULY 9. Metapan—Santa Marta Ile de France- Evangeline—Yarmouth DUE THURSDAY, JULY 10. Washington—Hamburg . A Johns . DUE FRIDAY, Santa Clara—Valparaise Arcadian—Bermuda ... Columbus—Bremerhaven hampton JULY 11 DUE SATURDAY, JULY 12. OUTGOING STEAMERS. BAILING TODAY. Hamilton—Norfolk. Evangeline—Yarmouth Paul H. Harwood—Aruba. SAILING TOMORROW. Gibraltar. Genoa and Naples. Port au Prince and Cristobal. Canadian cruise. Para, SAILING WEDNESDAY, JULY 9. Tuscania—Plymouth, Havre and London. Veendam_—Bermuda {stobal, Callao and Valparaiso nd—Cherbourg, Bermuds iden; arding—Piymouth, and Hamburg ©lympic—Cherbourg Carabobo— Jun Southampton and Cherbourg and Southampton, . La Guayra, Puerto Cristobal, Carta- nd Santa Marta. ‘badoes. Trinidad. Pernambueo, 3 Montevideo and a Marta—Kingston, gena, Puerto Colombia ai Fernorth—8t. John's Walter A. Luckenbach— Pacific Coast. SATLING THURSDAY., JULY 10, American Banker_London ad_and Georgetown Cherbours and Bremer- haven. Ban Lorenzo—San Juan and Santo Domingo ty. Evangeline—Yarmouth. Contessa—La Ceiba. BAILING FRIDAY, JULY 11. New Amsterdam—Plymouth, Rotterdam. Tie de Prance—Plymouth and Havs ‘American Legion—Bermuda. Rio tos, Montevideo and Buenos Jacinto—Havana, lymouth, Cherbourg and Antwerp. e Janeiro, Alres. rui Lapland— A mor—Inagua, Pori au Prince, Curacao and Maracaibo. SAILING SATURDAY. JULY 12. Scythia—Galway and Liverpool. Bermuda— Bermuda = Neri:sa—Halifax and St. John's De Grasse—Plymouth and Havre. Cleveland—Galway and Hamburg. Forto Rico—San J Afcatian-perimuda. {oney- Havana Britannic—Cobh and Liver Pactores —Havana, Cristob Maya—Santiago, Kingston an Tios. Toltec—Puerto Cortez, idgetown—Puerto Colombis. Juan—Puerto Mexico. 001 and Port Limon. Pri | Ban Puerto Bar- | NEW YORK, July 7.—The following is a summary of important corpor: tion news prepared by Standard Statis- tics Co. Inc., New York, for the Associ- ated Press. Weekly News Review. With ‘transactions at their lowest level for some time, prices on the stock exchange advanced irregularly in the four trading sessions of last week. Average daily turnover was about 1,680,000 shares against 3,760.- 000 shares in the previous week. Our compgsite average of 90 stocks gained 28 ints in the four active sessions. The utility group advanced by 4.2 points, the industrials by 2.6 points and the rails by 2.8 points. Of the three groups only the rails have thus far broken through the low figures of No- vember 13, 1929. Extreme low regis- tered by the industrial group thus far in 1930 has been 149.6 compared with 1413 in 1920. The low point in the current year for the utilities has been | 2049 against 156.3 last November. Brokers' loans recorded another large decrease in the week of July 2, $197,- 000,000, carrying the total as reported | by the Federal Reserve Board to the lowest point since the first week of | September, 1927. Aggregate borrow- | ings on July 2, stood at $3,219,000,000, | about $109,000,000 under the extreme low figure of 1929, recorded in Novem- | ber following the panic. It is note- worthy that the latest decline in the weekly loan total, while smaller than that recorded in either of the two weeks immediately preceeding, occurred during a period of advancing prices. Our composite index in the period covered in the report gained 6.7 points, indicating buying of stocks on an out- right basis has been of important pro- portions lately. Call money rates, af- fected by the month end settlements, advanced to 3 per cent, with the renewal rate of 21, per cent. 'This compares with a 15 per cent charge on the same dates a yvear ago’and 10 per cent during the 1928 period. Buying rate for bankers’ acceptances, with maturity from 1 to 45 days, was cut to 175 per cent from 2 per cent by the New York and Boston Reserve Banks. This is the lowest buying rate in the history of the bill market. The daily average volume of Federal Reserve Bank credit outstanding during the week ended July 2 was $1,031,000,000, an increase of $56,000,000 over the pre- ceding week, but a decrease of $369,- 000,000 compared with 1929 period. Re- serve ratio of 12 banks in the Federal Reserve System fell to 80.7 per cent, against 837 per cent in the previous week and 72.9 per cent year ago. Commodity prices were somewhat firmer, particularly farm products. Cop- per, however, showed further weakness, with custom smelters offering the metal at 1115 cents a pound. Considerable interest is centered at the present time on the effects of the current weakness in agricultural prices and its influence on general trac> recovery. Evidence at hand, although rather scant, indicates that agricultural income for the present year will fall considerably under that of last season. Composite prices for farm products on July 1 were about 19 per cent under those of a year ago. This decline in prices of agricultural products has been considerably sharper than for other commodities, indicating that the farmer is paying relatively more for the goods he purchases. Limit- ed data are available as yet relative to prospective aggregate acreage for the current year. It is believed improbable, however, that production will be ex- panded sufficiently to compensate for the unsatisfactory price situation. On the basis of present quotations and crop estimates, the return this sea- son from the total wheat crop will be about 20 per cent below that of last year. Prospects are that firmer prices for wheat will increase the value of the present crop before marketing is completed. Briefly, little stimulus to a recovery in general business activity is provided by the present agricultural outlook. But neither is there evidence present that developments in the agri- cultural situation will prove an insur- mountable obstacle to trade revival, Steel Ingot production was reduced by about 2 per cent to 64 per cent of theo- retical capacity in the past week. It is probable rate has been reduced further to around 48 per cent as it was planned to close down mills, where possible, for the holiday. A year ago at this time the industry was producing at 97 per cent of capacity and in 1928 at 75 per cent. Prices have recently shown resist- ance to pressure and the belief is that the market has about reached bottom. Pig iron output in June was 6.2 per cent less than in May and the smallest for any month since January. Total six months output fell 16 per cent below a year ago, but was only 1.4 per cent less than in the first half 1928. Railroad freight car loading were again the lowest of any like period since 1924. Total of 920,859 cars in the week of June 21 was 14.0 per cent below a year ago. This is the largest percentage decline recorded since the present re- cession began last October. All groups of commodities showed smaller ship- ments than during the like week of 1929, while all except grain and grain products were smaller than in 1928. ‘Te=\ torially, all regions reported reduc- tions in loadings, compared with same week of 1920; the Southwestern region was the only one to record an increase in comparison with 1928 period. While the continued decline in traffic, as compared with a year ago, has been re- flected in the larger losses in gross revenues from month to month, decline in net operating income has been re- stricted by reduced operating expenses. Based on the first 73 roads reported, the curtailment in May gross of all class 1 roads will be the sharpest of any month this year, averaging about 13.7 per cent, but because of better control over oper- ating expenses net operating income is expected to show a drop of approxi- mately 32.8 per cent. This would com- pare with a decline of 33.8 per cent in April net and 37.4 per cent in March. Weekly crude oil output showed an increase of 12,200 barrels daily over previous week to 2,610,950 barrels. Oklahoma and _California production was reduced 9,750 barrels, but West Texas production expanded 12,200 bar- rels. Gasoline stocks were reduced 413,- 000 barrels to 49,700,000 barrels. With- drawals from storage during the month of June totaled 3,015,000 barrels, against 2,657,000 in June last year. Further reductions of 2 to 3 cents a gallon were made in retail quotations of gasoline in California. This weakness in prices is attributed to the current excessive stocks of gasoline on the Pacific Coast. The Companies. Allis-Chalmers Manufacturing unfilled orders June 30 record, $17,926,000, compares with $12,872,000 December 31, 1929. Orders booked in June totaled $4.606,000; sales billed, $4,070,000. Canadian Westinghouse, Ltd., obtains $2,000,000 contract for new equipment for Chats Fully Development. Coast Range Steel, Ltd, reported planning erection of $23,000,000 plant near Vancouver. Consolidated Gas, Electric Light & Glasses Fitted Eves Examined DR. CLAUDE S. SEMONES Eyesighg Specialist Graduate McCormick Medieal College Boulogne and Progreso and Vera Cornell Wall Paper Co. 71413th St. Natl. 6708 FRED J. KRIEG formerly president and seneral manaser of Kries's Expr i B Co..'is ‘mow in b for himself ‘s ; 904 10th St. N.W. s , Moving THE EVENING STAR, WASHINGTON, Power of Baltimore had 9,597 common stockholders on May 31, Consolidated Mining, Smelting & Power of Indiana building of refinery at Tle Perrot reported indefinitely post- poned. Exchange Buffet June sales up 0.7 per cent; two months, off 0.39 per cent from year ago. Ford Motor reported will take larger part of Isotta-Fraschi Iron Works at Milar. to build Fords. Plan, which is understood to have received approval of Ttalian government, would apparently cou&terscb effects of new prohibitory tariff. General Fireproofing operating at 80 | Rica agrees to reduce tax on bananas | per cent of capacity. Public Service Corporation of New Jersey (parent company) earned $3.56 ' on common stock in 12 months ended April 30 vs. $2.58 in previous year. W. T. Grant June sales up 1.7 per cent; six months, 11 per cent above year ago. Gulf States Utilities balance, 12 months to May 31, up 12 per cent. Mullins Manufacturing receives $2,- 000,000 automobile body order, Radio Corporation of America to is- | sue supplementary licenses to all pres- | ent receiver licensees covering super- heterodvne circuit patents, Truscon Steel June shipments fab- ricated steel totaled 22,000 tons. United Fruit—President of Costa |to 2 cents a bunch from 3 cents; sub- Ject to approval by Congress, It Keeps Summer Clothes Looking like N B0, business showed substantial improve- ment. That Public Service of New Jersey has attracted buying from excellent sources during its recent heaviness. That International Telephone con- tinues to meet with considerable liqui- dation, reflecting uncertainty over for- eign business prospects. That important traders still look for MONDAY, | & comparatively quiet stock market, | | ¥ith indecisive trends, during the next 35a36; medium and small, 25a27; few weeks. Private Beats Generals in Golf. PANAMA CITY, July 7 (#).—Pvt Tommy Hayden, U. S. A., is Isthmian | amateur golf champion, sole survivor of | ducks, ‘That Underwood Elliott Fisher's June a fleld that included major generals, NEN SUITS, Knickers, and Flannels—Manhattan will preserve their sparkling newness and give them longer wear in the bargain. The finest silks and other fabrics may be en- trusted to Manhattan’s “Net Bag System” of washing without the slightest fear of damaging them. In fact we guarantee this. Lasting suds from pure Palm Qil soap loosen the dirt and many rinsings of soft, filtered water remove it gently but completely. This is so much better than the old home method of “rubbing and scrubbing” that wears clothes out long before their time. JULY 17, 1930. small, 30a32; Leghorns, large. 20a30; | matoes, homegrown, 400a5.00; Texas. !!m;n. 35827; fowls, Inrge, 28430; small. | Tugs. 250 cABDARe, spinach, 1.00; ‘25-25: Leghorn fowls, 22a23; roosters, ' kale, 75a1.00; carrots, per 100 bunch 18a19; ducks, 23a25; turkeys, 32a33. 4.00a5.00; beets, per 100 bunches, 3.00a Meats, fresh killed—Beef, 18a21; 4.00; corn, 1.25a1.50; cucumbers, 1.35a veal, 15a18; lamb, 25; pork loins, 25a 28; tresh hams, 25; fresh shouiders, | 18a20; smoked hams, 27; smoked shoul- | ders, 20; bacon, 27; lard, in packages 13. Live stock—Calves, 912; lambs, 913; | in bulk, 12. | Pruits—Watermelons, 45a60; canta- | Joupes, South Carolina, 2.75a3.00; | honeydews, 2.00a5.00; honeyballs, 2.50a 6.00; apples, 1.00a1.75; peaches, Hileys, {2.00a3.50; Carmans, 2.25a2.75; oranges, 6.50a8.00; pineapples, 3.50a5.00; plums, |2:00; cherries, Washington State, 15- | pound lugs, 3.00. Vegetables—Potatoes, 3.25a3.75; Washington Produce Butter—One-pound prints, 3612a37%; | tub, 341583514, Eggs—Hennery, | ceipts, 21a22. Poultry, alive—Spring broflers, large Lej horn, ‘large, 24; small, 23; fowls, col- ored, 23a24; Leghorn, 15a17; roosters, 13a14. Dressed, shipped-in, iced—Spring | broilers, 30a32; medium and small, 25a 27; Leghorns, 25a27; fowls, 23a2 Leghorn fowls, 15al7; roosters, 1 15. Jobbers' prices—Spring ! brailers, large, 40a42; medium, 353367 mushrooms, Ohio hot house, 40a60. 23a24; current re- BUTTER 1S STEADY. CHICAGO, July 7 (#).—Butter—42,377 tubs; steady; creamery, extras, 329 standards, 3214; extra firsts, 30%4a31; firsts, 281:a291%; seconds, 261382714 Eggs—48,331 cases; firm; extra firsts, 21a21%%; fresh graded firsts, 2015; fresh current receipts, 19%; ordinary cur- to- | rent receipts, 17a19. 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