davidaulloa/AmericanStories huggingface dataset:
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

strengthened by an inflow OF new
funds from heavy April dividend and
interest disbursements forced the bond
market during the month into new
high territory. The changing char
acter of investment buying indicates
that many of those investors who
have hesitated to invest because the
market seemed high are rapidly COM
ing to a realization that their ideas of
interest return must be readjusted to
meet the prevailing market. A few
months ago the major portion OF
new offerings of high grade rails and
other bonds of similar quality were
absorbed in the larger investment CEN
tiers, but present offerings of such Sc
curities are bringing subscriptions
from all over the country and from
a class of much smaller investors
than heretofore.
The Financial Disturbance in
Japan
The past month has witnessed the
outbreak of serious financial disturb
ance in Japan. Confidence OF the
Japanese public in the banks was tenn
porarily shaken, resulting in runs on
many institutions throughout the coun-
try, and forcing numerous suspensions
of which the most prominent was that
of the Bank of Taiwan, of Formosa,
which operates a large number of
branches throughout japan and in for
eign countries. The Fifteenth Bank
of Toxic was another important bank
that was forced to close, in addition
to which some thirty or so small
banks have gone under. SO acute did
the situation become that the Govern
ment on April % declared a morator-
ium for three weeks.
The immediate causes of these diff
ficulties were CD the failure OF
Suzuki & Company, a large Japanese
concern carrying on operations in
many lines of industry and trade. both
in Japan and other countries, and (2)
the rejection by the Privy Council
Of the Governments plan for extend
ing aid to TIE Ba.t of Taiwan, to
which S.zrSi & Company was in
debted for very laryc sums. The
more Fundamental causes. however,
date back to the earthquake Of 1923,
the defatior Ct 1920, and TO the very
rarid development Of japanese in
dustry and trade over many years.
This deve'obment has tended to keep
the capital resources OF the country
fully employed and under the pressure
of ever-growino demands. with the
result that business credit has been
ernr1oved without sufficient reserves
to deal with emergencies.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

country's running expenses. In
dustrial history will be searched deep
ly to find more dramatic example
Of salvaging huge bankrupt organi-
cation.
"For this striking success in public
ownership Canada can claim no credit
for gifted prescience. She stumbled
into public ownership. The old
Grand Trunk systems, and the
Canadian Northern system were
taken over by a Conservative anti
craftsmanship Government because
they were bankrupt and there
seemed nothing else that could be
done with them. When a Liberal
Government came in, all it under
took to do was to give public owner
ship chance. 1t displayed no en-
thusiasm but almost apathy"
But Premier King did one thing,
which, if it were the only act of his
administrative career, entities him to
fame. He sought out and engaged
Sir Henry Thornton, paying him
salary of $4,000 a year, now in
creased to $65,000, and told him to
run the railway Thornton's achieve
ment in less than six years has been
like miracle 1t has been accom-
plished in the face of bitter opposi-
ton and criticism. For years after
his accession to office the country
was filled with adverse propaganda.
He was an American, he was this
and he was that. This propaganda
has now entirely disappeared.
Total mileage operated by the
National lines is 22,68l, making it the
greatest Of any railway company in
the world"
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

Boring, Oregon, and on June 4th the
Clackamas County Guernsey Breeders
Association will hold it's Second An
nual Sale at the County Fair Grounds
at Candy, Oregon.
Thirty-six females and five bulls
have been personally selected by a
committee of three, for this auction
sale. A free barbecue will be held at
noon and the sale will start at /
o'clock.
About ten years ago the Clackamas
County Guernsey breeders started out
to develop center for Guernsey cat
tie. At the present time they have
about 70 Guernsey breeders who own
almost thousand head of pure-bred
and grade Guernseys.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

CARE for the widows and orphans
~ of our soldier dead adds especial
appeal this year to the annual ma
tional sale of Buddy Poppies con-
Quoted by the Veterans of Foreign
Wars during the week of Memorial
Day to the end that through the
symbol of the poppy we as a nation
may pay tribute to those war-heroes
who made the Supreme Sacrifice.
This year in further extension of
the relief program, to which the en-
tire proceeds of the sale are devoted,
a portion of the proceeds will be
allotted to the Veterans of Foreign
Wars National Home for Widows
and Orphans of Ex-Service Men, es-
tablished two years ago at Eaton
Rapids, Michigan. The Home, whose
site covers Az acres, operates on a
unique family group plan, keeping
mother and children together in in
dividual households. The addition
of new building recently increased
its facilities, and another is now
under construction.
The allotment of a part of the
sale proceeds to the National Home
is strongly commended by William
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27
duction in acreage.

duction in acreage.
One of the most significant devel-
opments of the month was the publ
cation of figures on building contracts
awarded in March, which were the
highest for any month on record, sur
passing those of March last year by
4 per cent. One would be rash to
conclude from this that building is
headed for new records every month,
such an eventuality being neither prob
able nor desirable, but the conclusion
at least is justified that building is
in for no sudden or drastic decline.
In view of the Importance of con-
struction activities in the general bust
ness situation, indication of continued
support from this quarter is decidedly
reassuring
The Trend of Corporation Earnings
Business earnings statements now
coming out for the first quarter make
mixed showing, with slightly over
half of the companies reporting gains
as compared with year ago. Of
the steel companies, United States
Steel gained slightly, but earnings of
most other companies were less salts
factory, due to the somewhat slow
start of the industry on the new year
and the lower prices quoted for steel
products. Returns from the automo-
bile industry were varied. While some
of the oil companies did fairly well
during the first quarter, the effect
on others of over-production and price
cutting was marked.
Narrower margins of profit, coupled
with the increase of business failures
during recent months, are indications
of tendencies at work in business OF
which account must be taken. Ac-
cording to recent Government tables,
prices of industrial materials, as re-
suit of recent declines, are, now at
lowest levels since the war, Capacity
in many lines to produce in excess OF
market requirements is resulting III
a growing intensity of competition
which is placing increasing pressure
on the weaker and less efficient units
of industry. 1t is manifesting itself
not only in the smaller profits in
some lines and higher failure rec
ord, but also in more frequent mer-
gers and the increased tendency for
industries to seek solution of their
common problems through some form
of cooperative action such as is ex-
emplihed by the recently formed Cot
ton Textile Institute In the absence
of any seriously disturbing symptoms
in the business outlook. however, and
with credit supplies continuing ample,
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27
Just For a Change

quart canned tomatoes, one carrot cut
fine, one cup chopped celery, half an
onion minced, one shredded green
pepper, three whole cloves, one tea
spoon each of salt and sugar, .one-
half teaspoon peppercorns, one-eighth
teaspoon white pepper. If desired.
the vegetables may be forced through
colander after cooking. When serv-
ing, add one tablespoon of grated
cheese to each plate.
Toothsome sandwiches for after
noon tea are made with sardines,
boned, mashed, seasoned and placed
between buttered slices of bread, and
toasted. Sardines mixed with chop
ped hard-boiled eggs make a good fill
ing for sandwiches. For luncheon
dish, too, sardines are good. Try
the following: Remove the skin and
bones from three tins of sardines;
mix with four chopped hard-boiled
eggs, little paprika, half cup of
bread crumbs, cup and half of
milk, and two tablespoons butter.
Heat we'll and serve on buttered toast
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27
GENERAL BUSINESS CONDITIONS
rfo New York

The fact that the worldwide col
lapse of war initiation in l91O be-
gan with an economic crisis in Japan
and then spread to other markets of
the world has led to some specula
ton as to whether the present disturb
ances in Japan might have similar
consequences. There is no analogy,
however, between 1920 and 1927. In
1920 prices we're. on highly inflated
basis all over the world, credits were
everywhere strained, and money con-
ditions Tightening. In 1927 conditions
are the opposite of this. Prices all
over the world have been declining
steadily for the past two years, offer
ing little incentive to over-expansion.
Bank reserves have been increasing
and money rates falling. Just as our
domestic business situation has been
safe-guarded by the absence of price
initiation and existence of ample bank
reserves, for the same reasons bust
ness the world over is vastly less
likely to be disturbed by unsettlement
in any one quarter than it was in
1920.
The policy which the Japanese Gov
eminent has determined upon doubt
less is the proper one for dealing with
this emergency. 1t does not represent
an effort to maintain prices in Japan
above the level of prices in world
markets, and reports indicate that
prices in Japan have not been ser.
iously disturbed by recent develop
mcnts. The aim is to restore general
confidence in order that business may
proceed in an orderly manner. The
amount Of credit involved and of pos
sible losses is so large that only the
Government could deal with the situa-
ton effectively, and the general in
terest is great enough TO justify its
interposition. The lesson Of the crisis
would be lost, however, in Japan and
elsewhere without recognition of the
truth that the fundamental cause OF
these troubles has been widespread
effort to do too large a volume OF
bueiness on too small an amount Of
capital.
While the circumstances which
have prccipitated the present crisis in
Taran are very much regretted it is
believed that once normal conditions
are restored the financial situation
there will be on very much sounder
basis than in the past. Weak spets
will have been cleaned out. and those
banks which have stood the test will
be ~ the stronger for =. Bankers
in this country and elsewhere have
entire confidence in the ability of the
Japanese people to deal successfully
with the situation.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

The general business situation con-
tinues to justify all reasonable tore
casts made of it at the beginning OF
the year. Not all developments have
been satisfactory, but the balance OF
influential factors continues to be OF
favorable character. Easter trade has
been good where weather conditions
have permitted, and bank debts and
railway traffic have indicated DIS
tribution generally to be in large vol
une. Steel production in March set
a new high record, and April prom
Uses to show up as another active
month even though not up to the
level of March. The cotton goods
branch of the textile industry is do
ing the best business in years, tire
manufacturers have had big first
quarter, and most of the motor COM
nanies. have enjoyed good volume
of sales.
That business generally looks for
ward to the maintenance OF activity
during the current quarter is indl-
Gated by the estimates of car re-
ou;rements submitted to the railroads
by shippers advisory committees IN
different parts of the country which
anticipate a commodity movement IN
most lines equaling or slightly exceed
ing that of a year ago.
Among unfavorable factors in the
present situation may be listed the
bituminous coal strike, which has now
been in progress month, but mas
caused little inconvenience to general
business thus far, owing to heavy
stocks on hand and large production
from non-union mines. Production is
off about 40 per cent since the strike.
but this comparison is with period
of abnormally high operations, present
mining being only ID per cent under
last wear at this time and above the
rate in 1925 and 1924. AS matter
ef fact, demand is too slack to abb
sorb even the present output, which
Is down partly because OF slow con-
sumner buying.
Devastating floods have wrought de-
struction over large section OF the
lower Mississippi Valley and caused
reduction of purchasing power
which will be felt in the primary
markets of the country. Aid is being
brought to the stricken territories
however. and extensive as the dam
age has been the business OF the
country rests on too broad base to be
seriously affected thereby. Meantime
cotton prices, which have been
strengthening slowly on improved con-
sumption outlook, have risen sharply
above IS cents, on prospects that the
Hood may result in considerable re-
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

A HOUSEWIFE, to evolve new
~ and interesting dishes for her
family every day must needs
be all artist. Sometimes this proves
a drain on the creative ability and
the housewife Sends out an SOS to
her friends or the editor of the food
columns of her paper In order to
supply this need the following foods
have been tested and are herewith
suggested as both new and good.
Mix canned lobster and shrimp in
cream and serve either on toast or in
patty shell. Grated cucumber, mixed
in mayonnaise, goes well with this.
Pour off the juice from a can of
peaches; soak an envelope of gela-
tine in little water and dissolve in
the peach juice, which has been
brought to boil. When the jelly is
almost set, add the peaches and
blanched almonds.
Mexican tomato soup makes sub
stantial supper dish. Place the fol-
lowing ingredients in STEW pan
and let simmer half an hour. One
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27
BY w. D. BUCHANAN
Extension Poultry Specialist

The care of young chicks is one of
the most important factors in success
full poultry husbandry. No amount of
good breeding and no care and man
agement after the chicks are raised
will bring success if the rearing pro-
cess has been neglected. Health and
rate of growth are both important fac
tors in future egg production. Pro-
fits depend more on high egg produc-
ton than on any other factor in the
poultry business. 1t is necessary,
therefore, that the care of the young
chicks be given special attention.
One of the important requirements
is to have clean quarters. The brood
er house should be so thoroughly
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

we do not see any reason why need
ed adjustments should not go forward
in normal manner, at the same time
affording ample opportunity to up
to-date we'll managed concerns for
continued good business.
The elimination of concerns unable
to sustain themselves against the COM
petition of more progressive rivals
always has been going on, but with
more rapid development in the tech
nique of industry, greater incentives
to mass production, and increased sup
plies of capital at the command OF
successful enterprises; the movement
inevitably is speeded up.
Money and Banking
The money market has moved
along on an even keel during April,
continuing the unusual stability dis
played since the first of the year.
Following the seasonal easing in
January, call loan rates have held al
most steadily at q per cent, showing
neither the customary advance in
February and March nor the usual
decline in April. Bill rates have
been almost unvarying 3M-3B per
cent for 90-day acceptances, and time
money and commercial paper rates
have likewise been little changed. The
latter eased slightly in February, re-
covering in March to present levels
Of 4 to AZ per cent for prime names.
So far as the immediate future in
money is concerned the outlook seems
to be for continued stability of rates.
Call lean rates may vary somewhat
from the present average but COM
mercial rates generally should show
comparatively little change. With
large gold reserves on tap and the
volume Of Reserve bank credit out
standing down to billion dollars
there seems little reason to anticipate
any change upward. Nor should rates
20 materially lower so long as bust
ness holds up to the present mark and
barring heavy liquidation in the Sc
curity markets or further gold i'm
ports. While some uncertainty has
existed as to whether the reduction
of the British bank rate might not
cause movement of funds to New
York, thus affecting the mar'-et here,
the steadiness of sterling since the
British rate reduction and last weeks
gain in gold by the Bank of Eng
land indicates that no important shift
ing of balances has thus far mater
ialized.
The Bond Market
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

The 1927 Cowlitz County Fair will
be held September to 10 at Woodland.
The county commissioners have named
a fair board of IA members, of which
E. e. Dale, of Woodland, is president,
and George Cochrane, Of Woodland, is
secretary.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

One-fourth of the soil of the United
States is better suited to timber grow
ing than to anything else, government
experts state.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

clackamas Guernsey Breeders to Have
Field Day and Sale
On June list the Guernsey breeders
of Clackamas County will have their
Field Day at the j. A. Richey farm at
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

John Gaffney of Oregon City is
President of this Club and Ben Elmer
of Mulino Is Secretary.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

their quantity each of diced celery.
pitted white or red cherries,
canned or fresh, and grapefruit cut
in small sections. Moisten with
fruit mayonnaise and heap fruit in
the banana boats. Serve on lettuce
garnished with bits of pimento.
Orange Sandwich Salad
Cut large seedless oranges which
have been peeled into quarter
inch slices. Put these together.
sandwich fashion, with the follow
ing mixture between: Mix together
cupful of chopped canned pine
apple, half a cupful of very finely
diced celery, and half green pep
per, shredded; moisten with French
fruit dressing. Place the orange
sandwiches on crisp lettuce leaves
garnished with sliced maraschinc
cherries.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27
Prune Tulip Salad

Large, meaty prunes are required
for this salad. Soak and steam the
prunes till tender, cool and remove
pits carefully through Sits in the
ends. Then cut the prunes down
from the top almost through, in
four quarters, spread open in tulip
shape, and arrange on lettuce
leaves. In the center of each prune
place small ball of cream cheese
sprinkled rather thickly with
paprika. Serve with mayonnaise or
fruit salad dressing
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27

Be a hometown booster.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1927-05-27
The Bond Market

The continuance OF heavy invest
ment demand which was further
Imperial Valley press., 1927-10-26
WALKER FACES
ORDERS TO MEET
TWO TOUGH MEN
BY FRANK GETTY
United Press Sports Editor

NEW YORK, Oct 20. - Mickey
Walker, who jauntily wears the
middle weight crown by virtue of a
Chicago decision over Tiger Flowers
of Georgia finds himself today on
the horns of a dilemma.
The National Boxing Association
decided recently that Mickey must
meet the Georgia deacon i'll a return
bout for which signed contracts re-
pose in the safe of Tex Rickard.
Now along comes the New York
State Athletic Commission with the
command that Walker fight George
Courtney of Oklahoma within 80 days
or suffer suspension in this highly
lucrative center of boxing.
Obviously the middleweight can
not fulfill both engagements and
satisfy both of these august bodies.
The protagonists of overlegislation
in the boxing business merely have
succeeded in bringing about one
more utterly ridiculous situation.
There undoubtedly was justice in
I ii
boxed Walker with the definite un-
derstanding that if Mickey won the
title the deacon was to have first
crack at it. But Mickey and his
manager Jack Kearns laughed at
the naive attitude of the negro who
seemed earnestly to expect that
they would live up to the agreement
hot l.
as the "run- around but he ought
to be used to that by this time.
Flowers Duched Courtney
George Courtney's claim to a
championship fight in the middle
weight division is sound. The Ok
lahoma cowboy has met most Of the
good 100 Founders in the country
and has beaten most of those he has
met.
When Tiger Flowers wore the
crown, Courtney couldn t get with
in n whoop and a holler of fight
for the title. The deacon was deaf
to the challenges hurled by George
and his manager, Paddy Mullins.
Flowers wanted no part of the
hard hitting Oklahoman and Mickey
Walker inherited the aversion along
with the championship. George
challenged the present title holder
every week day and twice on Sun
DAYS without getting results until
today.
If he posts his $o5o0 forfeit with
the commission today, Mickey must
meet him or be suspended in New
York.
And if Walker docsn t satisfy the
National Boxing Association by
fighting Flowers about the same
time. the champion will be suspend
ed in "a other states as well as
Cuba and Porto Rico.
Imperial Valley press., 1927-10-26
Duffy Comeback
Stopped by Baker
Nv United l'ress Leased Wire

SAN FRANCISCO, Oct. 20. -
With his good right hand, Sammy
Raker, Sergeant of Mitchell Field,
New York, last night ended the
comeback hopes of Jimmy Duffy,
Oakland boy and former coast wei
torweight champion.
After two minutes of furious and
exciting battling in the fifth round,
Baker s right connected with Duff
fly S jaw-and Duffy went down. He
arose at the count of eight but was
so feeble and wobbly that Referee
Bobby Johnson stopped the contest
and raised Bakers leather bound
fist.
Duffy, punch mad, directed a light
furry of blows toward Baker and
the referee and then collapsed. He
was carried to his corner by Baker.
Up until the fifth round Duffv was
leading by points.
Imperial Valley press., 1927-10-26
Hudkins Favored
To Beat Dundee

Los ANGELES, Oct. 26. - Ace
IIudkins today stood a 10 to- o fa-
vorite and one pound over the 147-
pound welterweight figure with Joe
Dundee Hudkins championship fight
but four days off.
Local money appears unable to
leave Hudkins, who has multiplied
the coin for his friends and follow
ers in many hard battles in Los
Angeles and other western points.
Those who string with Ace aye
confident that the hard vicious at
tack of the Nebraskan will find the
champion wanting in comeback.
There is plenty of Dundee back
ing around already and the cham
pion's camp claim that an eastern
influx at the last stages will boost
Dundee to even figures or odds in
his favor. The Italian weighs 146
pounds and is fast at the weight.
Both men are putting in their
last hard licks today and tomorrow.
Dick Donald, the promoter, re-
ports a fair seat sale, with plenty
of room left at big Wrigley field.