Evening Star Newspaper, May 12, 1931, Page 12

A-12 ALTON INVESTORS ATTAGK RAL SLE “Deceit and Misrepresenta- tion” Charged in Affecting B. & 0. Control. By the Assoclated Press. Negotiations for rale of the hankrupt“ Chicago & Alton Railroad to the Balti- | more & Ohio Railroad were held today | by stockholders of the Alton to have | been carried on behind a cloak of “de- ceit and misrepresentation.” Sceking to have the Interstate Com- merce Commission subpoena further tes- timony dealing with the receivership sale of the cmaller road, counsel for the stockholders _attacked the action of Kuhn, Loeb & Co., of New York, befere the entire commission. Senator Reed Absent. Former Senator James A. Reed, chief | counsel of the stockholders, .was ill and unable to appear. G. Gale Gilbert, jr. taking up the argument, asserted the Kuhn, Locb & Co. had been the bank- ing agent of the Alton for years, but had turned from the stockholders to the Baltimore & Ohio. He contended the banking company had bought Alton bonds for the Balti- more & Ohio while letting the stock- holders believe they wer2 planning a re- | organization of the road to protect stock | investments. | The stockholders seck to have | commission subpoena officials and rec ords of Kuhn, Loeb & Co. to produce evidence dealing with these negotiations. Says Price Too Small. ‘Through the examiners' hearings, at which the Baltimore & Ohio asked ap- proval of its purchase of the Alton for | $75.000,000, the stcckholders have held | that this price was much too low Henry W. Anderson of Rici ; Va., chief counsgl for the B. & O., as- Serted that, in his opinion, the Balti- more & Ohio was paying too much for | the Alton, instead of too little as con- tended by the stockholders. PRORATION REDUCES PRODUCTION OF OIL| | United States Output for Last Week Decreases Total of 108,692 Barrels. By the Associated Press. TULSA, Okla, May 12—With pro- ration in effect in the new Eastern Texas area, daily average crude oil pro- duction in the United States dropped sharply last week, totaling 2,371,039 barrels, a decrease of 108,692 barrels from the preceding week's average, says the Oll and Gas Journal. In east Tentral Texas the decline | smounted to 163,034 barrels, the pro- | duction totaling 232,771 barrels, as com- pared to 396,705 barrels in the pre- ceding week. Oklahoma production climbed 56.786 | barrels_to 607,201 berrels, the Okla- | homa City field accounting for the gain. Other midcontinent areas were little changed. The total midcontinent out- put was 1,382,733 barrels, a decrease of 106,650 barrels. This included an in-| crease of 1450 barrels in Western Texas, where the production was 211,- 954 barrels, and an increase of 980 bar- Tels in Kansas at 108,305 barrels. Eastern production was up 1,500 bar- rels at 111,500 barrels, while the Rocky | Mountain area showed a loss of 5,698 barrels at 92,209 barrels. California’s production increased 3,- 750 barrels to 535,000 barrels. GRANT WANTS AWNING FIRE STARTERS PUNISHED Circular Letter Against Tossing Matches and Cigarette Butts From Windows. Lieut. Col. U. S. Grant, 3d. director of public buildings and public parks, wants disciplinary action taken against | Government employes who toss match- | es, cigar and cigarette butts out of the | windcws, causing consequent fires on awnings. In a circular letter, made public to- day, Col. Grant said: “Despite the | fact that this danger has been brought | to the attention of all concerned time | and time again, the loss is increasing each year, showing a growing careless- ness on the part cf occupants of the buildings and disregard of the building regulation.” | the point | ‘Warns He invited attention to that “this particular kind of negligence is the cause of the greatest fire losses | suffered by the Government in the | buildings under the jurisdiction cf this | office and is so frequent as to require | special and eflective action to prevent its_continuance.” Col. Grant requests assistance of the | exccutives “in bringing this matter to the attention cf all employes of your organization and in taking necessary | disciplinary action against those who | disregard the regulation quotcd and thereby willfully endanger the lives and property of others.” GIRL SCIENTISTS LEAVE WITH FIANCES ON TRIP Four to Exvlore Marine Life in Sargasso £ea for Science and Romance. LEEDS, England ().—Two_ English girls and their fiances are on their way 1o the Bargasso Sea in the interest of gciens» and romance. The four are James Acroyd of Brad- ford, Leonard Drake of Leeds, Mildred Sutcliffe ,of Bradford and Gertrude Laycock of Leeds. Their steamer is equipped with div- ing apparatus and wircless, and, while they expect to study marine life, there is just a hope of treasure in the wreckage of galleo ! | were on March 1, and tha | yard av CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS By the Associated Press. NEW YORK, May 12.—The following is a summary of important corporation news prepared by the Standard Statis- ties Co.. Inc., New York, for the Asso- clated Press: News Trend. Advance estimates placed refined cop- per stocks in North and South America on May 1 ebove stocks the month be- fore, and some of the price weakness in evidence recently was contributed to by such estimates. The figures re- leased today by the Amcrican Bureau of Metal Statistics confirm early expecta- tions. Refined stocks rose to 367,921 from 354,204 short tons on April 1, and both refined and blister stocks taken to- gether rose to 561,797 from 553,016 tons. It should be observed, however, that the refined stocks are not far above those on hand on March 1, and that the combined stocks are less than they t April pro- duction of copper =W below both March and April of 1930. Daily average crude oil output dur- ing the week ended May 9 declined 109,692 barrels from the week before, to 2,371,039 barrels according to the Ol and Gas Journal. This is the first signifi- cant decrease in several weeks and, if continued, might be interpreted to mean that the difficulties in effectively limit- ing output had been met. The current average is well below the level of a year ago, which is in itself significant and in most fields production is believed to be effectively prorated at present. Re- cent reports have indicated that prora- tion in Southwestern fields, where cur- tailment has been most difficult, may become effective soon, The figures showing daily averages for different producing sections, which will appear tomorrow, will be particularly inter- esting. Automobiles sales to consumers by General Motors in April were 34 per cent, over March, an encouraging factor even though some increase is mormal at this time. Sales to consumers in the month were over sales by the cor- poration to dealers, indicating some strengthening of the dealers’ position. Dividend cut by Paramount Publix Corporation is of outstanding interest in the corporation news of the day, as is also an unfavorable March quarter report of New York Central. The Companies. Budd Wheel April wheel shipments up 60,000 over any previous Avril; 4 months, 1,082,438, against 1,961,945 for full 1930 year. Chicago & Alton Railroad April de- ficit after charges, $225,203, against deficit, $421,408; 4 months deficit, $1,- 484,219, against deficit $1,312,744. Delaware, Lackawana & Western Rail- road planning new car retarding switch- Buffalo to cost over $2,000.000. Paramount Publix Corporation 62z cents quarterly common dividend; formerly paid $1. Pure Oil Co. first quarter inventory charge off totaled $2.080,000. Central & Southwest Utilities first quarter gross of subsidiaries off 4.1 per cent, net before depreciation off 5 per cent: 12 months gross off 3.2 per cent, net up 4.8 per cent. Cleveland Electric Illuminating com- mon share earnings, 12 months to March 31, $2.66, based on 2554700 common shares, against $4.43, based on 1,702,980 common shares in 1930. General Motors April sales to domes- tic consumers totaled 135,663 cars, 34 per cent over March, against 142,004 cars in April, 1930, which was 15 per cent over March, 1930; April sales to domestic dealers totaled 132,629 cars, less than number sold to ccnsumers, against 132,365 in April, 1930; total sales to dealers, including Canadian Take your choice of these LUXURIOUS FLYERS LA\’E when you choose . . . arrive in Chicago at the most convenient time. The flexible Pennsylvania schedule of 9 trains daily, led by The Liberty Limited and The Pennsylvania Limited, meets business and social plans to perfection. Six trains daily to St. Louis. Swift luxurious flyers to Chicago THE LIBERTY LIMITED New De Lusxe Coach Service Leaves Washingtzn. Arrives Chicay THE PZ VANIA LIMITED 1.30 P.M. 8.00 AM. MANHATTAN LIMITED .raves Washington. 7. P.M. Arrives Chicago. .. cesose 205 P.M. (Standard Time) Six other trains to Chicago daily ALA MITH, General Passenger Agent, 613-14th Street, N. W., Washington, D. C. ‘Telephone National 9140. PENNSYLVANIA RAILROAD by HARRIET LUELLA M<COoLLUM Famous Psychologist ‘Modern Psychological Discoveries’ Arlington Hotel Ballroom, 1025 Vermont Ave. Wednesday, May 13, to Sunday, May 17, inclusive Eight O’Clock Each Evening The ONLY APPEARANCE of this great teacher in Washington Sl vl LN SR, WASI N :\L\'r 2 C., TUBSDAY, MAY 12, 1931 and overseas shipments, rose to 154,252 from 150,661 in April, 1930. Milwaukee Electric Railway & Light combined preferred share earnings, 12 months to March 31, $12.18, against $16.96. Northwest Utilities first quarter gross of subsidiaries off 1.7 per cent; net be- fore depreciation cff 7.4 per cent; 12 months’ gross up 13.3 per cent, net up 7.3 per cent. Pennsylvania Railroad to furnish freight pier loading service in New York at rate of 3 cents per 100 pounds Alaska Juneau Gold Mining mined and trammed 360,570 tons of ore dur- ing April, for which it received an average of 92.9 cents a ton, against 334,200 tons and 80.19 cents a year ago. Allis-Chalmers Mfg. plans additional expansion this year; ‘reported consid- ering acquisition of New England elec- trical equipment concern. American Smelting & Refining re- duces lead price 10 points to 3.75 cents a pound. Beatrice Creamery—Rival purchase offer made by National Dairy Products YOIL assets of Consolidated Dairy Prod- ucts. Don’t Rasp Your With Harsh Irri Bethlchem Steel—Opposition regis- | tered against proposed acquisition of | Eastern Steel Plant. Blaw-Knox Co—Unfilled orders May {1 totaled $5467478, against $5,976,096. Sally Frocks April sales off 0.5 per cent; four mcnths up 1.1 per cent. Waco Alrcraft March quarter dcfl* $30,112. New York Central Railroad Marel quarter deficit $144.913, income of $8,471,256, | common share, in'1930. EDUCATOR NEAR DEATH | WACO, Tex., May 12 (#).—Physiclans [said Dr. S. P. Brooks, head of Baylor University, was in a weakened condi- tion and approaching & stats of coma | today from cancer in a form that pre- | cluded possibility of recovery. Dr. Brooks' last labor of love, the signing of some 400 diplomas, s un- finished. He signed some 300 before | doctors forbade further exertion. against net ‘“’Reach for a LUCKY instead” equal to $1.70 | BODY OF MICHELSON WILL BE CREMATED Private Services Due Late Today for Scientist—Einstein Sends Condolences. | By the Associated Press. PASADENA, Calif, May body of Dr. Albert A. Michelson, noted physicist who computed the speed of light and laid the foundation for the Einsteinian theory of relativity, will be cremated. Members of his family have not disclosed what disposition will be made of the ashes. The private funeral services late to- day will be attended by a small group of Dr. Michelson’s fellow sclentists of Mount Wilson Observatory and the California _ Institute of Technology. Services will be conducted by Dr. Theo. dore G. Soares, a former fellow faculty member of Dr. Michelson at the Uni- versity of Chicago. The musical program probably will consist of violin solos. Dr. Michelson, Now! Please! =Actually put your finger on your Adam’s Apple. Touch it=your Adam’s Apple=Do you knowyou are actually touchingyour larynx ? = This is your voice box= it containsyourvocal chords.Whenyou* consider your Adam’s Apple, you are considering your throat—your vocal chords.Don’t rasp your throat with harsh irritants —Reach for a LUCKY instead —Remember, LUCKY STRIKE is the only cigarette in America that through its exclusive “TOASTING” process expels certain harsh irritants present in all raw to- baccos. These expelled irritents are sold to manufacturers of chemical compounds. They are not present in your LUCKY STRIKE, and so we say “’Consider your Adam’s Apple.” TUNE IN— The Lucky Strike Dance Orches- tra, every Tues- day, Thursday and Saturday evening over N. B. C. net- works. 12.—The | who died Saturday, played the violin. Messages have been coming to the | family from all parts of the world. None of them have been made public. It was disclosed, however, that one | came from Dr. Albert Einstein, German scientist, who was here recently. BALLOU WILL SPEAK School Superintendent to Give Ad: | dress Before Capital Teachers. Dr. Frank W. Ballcu, superintendent | ‘nf schools, will address his staff of | | teachers and officers on “Public Edu- cation in Relation to the Business Life of the City,” at meetings of the Teach- | | ers’ Institute Thursday. | _The address will be the same which Dr. Ballcu delivered before the Wash- | ington Board of Trade last year, when it | attracted considerable public attention. The superintendent will address the white teachers at 8 pm. in the Central | High School Auditorium, and the col- ;nn‘d teachers at 3:45 pm. in the Dun- Ibar High School Auditcrium. This Woman In 4 Weeks | Lost 17 Pounds of Fat Here's a letter written October 21, 11929, by Mrs. Fred Barringer of Lewis- town, Montana, that ought to be read by every overweight woman in America: “Gentlemen: I started taking | Kruschen every morning as directed, as I was very much overweight and wanted to reduce. “I had tried going on a diet but would get so hungry that my diet would not last long, so I decided to give ‘Kruschen Salts’ a fair trial. The day I started to take them I weighed 256 lbs., and at present. which has been just four weeks, I weigh 239 lbs. And I must say I feel better in every way, besides looking much better. Kruschen Salts had a decided effect upon the quantity of food I took and ! stimulated by desire to greater activity. “May all large people, both men and | women, who want to reduce in an easy way, give Kruschen Salts a fair trial. | I am sure it will convince any one.” A bottle of Kruschen Salts that lasts | four weeks costs but 85c at any drug store in America. Take one-half tea- poon in a glass of hot water before breakfast every morning. To help reduce swiftly cut out pastry and fatty meats and go light on potatoes, butter, cream and sugar. The Kruschen way is the safe way to reduce. ‘Try one bottle and if not joyfully satisfled—money back. Peo- ples Drug Stores know all about Kruschen.—Advertisement. | ”~ Throat tants Including the use of Ultra Violet Rays Sunshine Mellows—Heat Purifies Your Throat Protection — against irritation = against cough ]