davidaulloa/AmericanStories huggingface dataset:
Douglas daily dispatch., 1927-03-16
Billy
F\'AAIS,
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walter Hagen Laughs Last


ST. PETERSBURG, Fla.-Walter
Hagen is having the last laugh at
the expense of Gene Sarazen. l
happened to be in on the affair
when the "Haig" was laughing
loudest
Recently at st. Petersburg, I
watched the final 1S holes of the
much discussed feud match between
Hagen and Sazazen. At that stage
of the event Hagen enjoyed an
eight-hole margin
Continuing the fine play of the
first 36 holes at Miami, Sarazen's
home course, where Hagen finished
three up, stretching the advantage
played at Sanford, he ended the match
on the eleventh hole, 8 and 7.
The crushing defeat Hagen ad-
ministered sto Sarazen, one Of the
worst drubbings Gene ever has re-
ceived, was merely Hagen's. emphatic
manner of telling Sarazen no one
had Walter Hagen's goat securely
lassoed
Hagen Sarazen Golf Feud
1t will be recalled a story was
published during the winter in a
weekly magazine under .Sarazen's
name. in which he insisted he would
the players were as soft for him
as Hagen.
According to Sarazen, he had
Hagens goat; any time Hagen beat
him it would be pure luck; he would
like nothing better than a match
with Sir Walter at stated intervals
with nice side bet hanging on the
issue. 1t would be getting the money
softer than Rockefeller does.
Sarazen, flooded with denunciations
from Hagen admirers for the rather
rough manner in which he had treated
the subject, later repudiated the inter-
view and started a suit for some
thing like a million dollars, more
or less, for damage done his golfing
reputation.
haven't heard anything of the
suit lately
Hagen in Old-Time Form
Getting back to Hagen, who simply
outclassed Sarazen in the latest So
called grudge match. Possibly the
two are the best of friends and the
article was merely ballyhoo. Re
gardless, it created much gossip as
well as interest in the meeting.
Prior to coming south / read much
copy turned out by the golf experts
who, it seemed, had consigned Hagen
to the cemetery of golf has-beens. !
His mediocre play of the winter and
the defeat inflicted by Harry Cooper, f!
10 up and to play, no doubt
caused it.,
do not pose as a golf critic,
but Hagen still looks great to me-
Ten years ago I watched him win
the national championship from Mike
Brady in the playoff at Braeburn.
He was great that day.
In turning Sarazen back in the
final Is holes of their 72-hole match, :
he didn't seem to have lost any
of his uncanny ability from the tee
or on the greens.
Douglas daily dispatch., 1927-03-16

Fred Hilburn post of the American
legion Will sponsor the Douglas
baseball team in the southern Ari-
zona league this year as the result
Of a motion passed at an enthusiastic
meeting OF fans at the chamber Of
commerce and mines.
j. A. Weiss, commander of the
American legion, pointed out the
advantage of a well organized group
such as the American legion taking
over the team and his views were
heartily seconded by those present.
A suggestion was made by Francis
Ames, recently elected vice presi-
dent of the league at a meeting in
Nogales, that the legion get man
from each smelter to assist in plan
ming for the future Of the team.
A possibility that the city may
nave new BAH park closer to the
business district was advanced. A
site back of the Y. NJ. c. A. was
suggested That the location Of the
park in this nearer place would add
25 per cent to the gate receipts was
che statement made at the meeting
S. p. Applewhite, of the Douglas
Investment company, owners of the
stated that he could say nothing
definite at this time relative to the
building of new grandstand to take
the place of the old one which
turned several days ago
'I would suggest that the Arizona
Edison company. the Kiwanis club
and other organizations be. interested
in the movement" Applewhite said
"While 1 can say nothing definite
alta this time about a grandstand
believe that movement can be
started that viii provide one or at
least bleachers, with a sun shade
The prevailing sentiment was to
have the team composed entirely OF
local talent. Enough good ball
players are in Douglas at the present
time to provide adequate opposition
for the other teams in the league,
Tucson, Nogales and the 25th IN
fantry, spokesmen said.
After paying the set 500 to the
visiting team l would suggest that
Douglas daily dispatch., 1927-03-16
BISBEE BOWLERS TAKE FINAL MATCH
FROM DOUGLAS AGGREGATION AT "

Douglas bowIers succeeded in taking
one out of three games from Bisbee in
the fourth and final shield match of
the season, which was played on the
local Y' bowling alleys Saturday
night. On totals, Bisbee won by ,107
pins. and for the season, the winners
have lead of 1876 pins.
The present tournament is the first
time in years that honors have not
been equally divided, one team usually
taking the cup, and the other the
shield. Douglas bowlers averaged 141
~>>-~--~~~~~-~~~~~~--~~~->~
featherweights, but of the other the
east has four champions Tunneys
Walker, Latzo and Delaney-the mid
Gle west one, ManGell, ard the far
west, two, Morgan and LaBarba.
The Cardinals, who restored the
worlds baseball championship to the
middle west, will find it difficult te
repeat with such eastern clubs as
the New York Giants, Philadelphia
Athletics and Washington Senators
and New York Yankees all strength
ened for the fray.
Dispatch Telephones-S1 and 80
Douglas daily dispatch., 1927-03-16
ATHLETIC SUPREMACY DRIFTS
FROM EAST TO WEST; LITTLE
CHANCE OF THE TIDE TURNING

NEW YORK, March Is (R.-The
gradual but also steady drift OF
athletic supremacy from east to west,
pronounced in many fields of ac-
tivity in the past few seasons, is
not likely to be checked in 1927.
1t promises to be a hectic cams
paign along every front from May
to October but the preliminary slant
is in favor of another march of con-
quest by the stalwarts whose main
stamping grounds have been devel-
oped in the west.
The far west enters the new year
of competition with the balance or
power in amateur fields, particularly
college sports. The University of
Washington crew, Poughkeeps!c
champions. already is being whipped
into shape for another big invasion.
while the southern California track
squad, which has swept the classic
eastern championships two years in
row, has more than a fair chance
of making it three straight with
Lee Barnes, Charley Borah and other
stars in the battle. The college ten
mis- crown has gone to the coast
three consecutive years.
Bobby Jones has kept the south
in the thick of the golf fight for
some time and faces the 1927 srrug-
gle as the worlds open champion,
but the Pacific coast has a capable
rebuttal ready in the person of
George Won Elm, the amateur title
holder and a formidable contender
for open nonors. Walter Hagen, the
professional champion, and Mrs. G.
Henry Stetson of Philadelphia, the
womens crown wearer, give the
east two titles to defend.
Football is a bit too far off for
much speculation but the trend al
ready has been indicated by the pass
age of all-American balance Of
power from the east to the west,
for the first time in 40 years. Ala
bama's gridiron men have strength"
cned the souths argument and Notre
Dame has done more than an ordin
AIRY share in keeping mid western
prestige alive. A wealth of inter"
sectional contests booked for next
fall will offer fresh opportunities
for comparison.
! "Big Bill" Tilden and Mrs. Molla
Mallory, the top ranking national
tennis stars, are in the eastern fold
but the latter, at least, although she
: has held the peak eight times, viii
have difficulty reaching it again in
the face of the comeback of the
young Pacific coast star and forne4
champion, Helen Wills. Ed. Chand
ler, tho college champion, also will
he strong contender on the courts
from the far west
Such athletes as Johnny Weiss"
muller swimming champion, and the
flock Of track stars wearing the
Illinois A. c.. colors Will keep the,
middle west prominent again in
these two spots, although most OF
the individual brilliance in track
and field belongs to the Pacific
coast The tussle for sprinting hon
crs may develop some epic duels If
these four stars meet-Hanll Rus,
sell, formerly of Cornell and present
I. c. A. A. A. A. champion; Charley
Borah of southern California, ma,
tional 10O-yard titleholder; Roland
Locke, formerly of Nebraska, the
worlds 22o-yard record holder, and
the veteran Charley Paddock, 100
yard record holder.
Professional laurels chiefly ddorl.
the brows of performers i'll the east,
Douglas daily dispatch., 1927-03-16

ATLANTA, Ga, March Is. (P)-The
New York Giants pushed ahead in
spring training today for only three
days are left before the men OF
sJawn. McGraw pull stakes and
leave their Sarasota conditioning
grounds.
The next step of the Giants is set
for st. Augustine, where they VIII
tarry for a brief spell before shaking
the orange leaves off their bespiked
shoes and going into the actual play
ing season.
AS they prepare to head up sstate,
McGraw comes forward with the an
nouncemerit that Sarasota has been
selected as the training camp of the
team for the next three years. YER
bal agreement to this effect was
reached last night between city OFF,
cials and the club heads. A rumor
Dersisted here today that some or
the club stock had been transferred
to Sarasota capitalists, but McGraW
dismissed this with the announcement
that the meeting was Simply to ar
range for future training visits
The Giants released Porter, pitcher,
to Scranton of the New York-Penn-
sylyania league today, along with
Otis Crowder, who was sent to the
Buffalo Internationals. Callins,
pitcher, also was returned to the
Buffalo team.
Announcement came from Clear
water that Bill Doak had come to
terms with the Brooklyn Robins after
leaving the Dodger camp last week
in huff.
Fred Leach, outfielder, Joined the
Phillies during the day at Bradenton,
but Jack Scott was still holdout.
The Phillies have billed an extra
game for tomorrow, meeting the Buff
falo club.
Exhibition games today engaged lO
Of the IL clubs training in Florida.
OF outstanding interest as these
games went forward was the develop
ment in the case of Jacques Four
nier, hard hitting first sacker of the
Boston Nationals, for whom a war
rant has been issued charging AS
sault upon an officer" yesterday at
Sarasota.
JACQUES is alleged to have struck
the officer when he approached the
player to serve papers on him in q
realty suit.
Fournier was engaged in the real
estate business during the winter in
Florida He had not been arrested
late this afternoon.
Jess Haines and Hal Smith are ex-
pected to pitch for the Cardinals to-
morrow in an exhibition encounter
Alexander is also in fine shape at
Avon Park.
In the camp of the Detroit Tigers
at San Antonio, Texas, Lii Stoner
diminutive right handler, is expected
to get his 1927 baptism under fire
tomorrow when he faces the Texas
league club there. Lefty Jones also
expected to get call.
At New Orleans the Boston Rec
Sox beat the Yanigans in sih-innine
game this afternoon, to 2. Another
practice game is on for tomorrow.
The Chicago White Sox had 8
snappy workout today at Shreveport
and will meet the Texas league clut
of that city tomorrow.
Douglas daily dispatch., 1927-03-16
Spring Training Camp
News From the Majors

ST. PETERSBURG, Fla, March Is
R-A warrant for the arrest of
jacques Fournier, Boston National
league baseball player, on charges Of
assaulting an officer and resisting
civil process was left with Dave
Bancroft, manager of the team, he
announced tonight, when Sarasota
deputy sheriff who came here to
serve it found Fournier absent from
the hotel"
After Bancroft had conferred with
the officer, he announced that a
hearing of the charges had been
set for next week in Sarasota and
that Fournier would appear to an
swer them.
PAso ROBLEs, Calf, March IS. F)
A stiff two hour batting practice
marked this mornings workout OF
the Pittsburgh Pirates. Only the
regulars participated, and they leaned
heavily on the offerings Of Mike
Cyengros, Guy Morrison, Nichols and
Joe Conroy.
Manager DOME Bush said there was
no foundation to reports that Pitts
burgh was angling for Jimmy Reese
star second baseman of the Oakland
Coast. league club.
FORT MYERS, Fla, March IS. R-
r H E
St. Louis (N) 100 900 OOO-
Philadelphia (A) 1O1 100 DIX 0
Batteries Dyer H. Bell, Rein
hart and Snyder; Grove, Gray and
Perkins.
BRADENToN, Fla, March Is. R-
r H E
New York (N) 600 900 111-3 10
Philadelphia (N) 900 OO2 OOO- 0
Batteries = Thomas, Holland and
Handy; Taber, Willoughby, Decatur
and Jonnard.
SAN FRANCISCO, March Is. R-
Denver CW)' ................ 6 4
San Francisco (PC) ......
(15 innings)
Batteries-Ramage Watts, Shank
lin and Pierce, Murphy; Williams
Moudy, Geary, Mails, Turpin and
Agnew, Stokes.
SANFORD, Fla. March Is. Up
r H E
Cincinnati (N) OO1 $50 600 412 /
indianapolis (AA) 900 Oo1 600 3
Batteries May, Nehf and Suke-
forth; Wisner, Koupal and Snyder,
Florence.
Douglas daily dispatch., 1927-03-16
BOWLING SCORES

The b. and p team defeated the
American legion last night by score
of 1844 to 1888. Hanm was high
for the winners with sos.
The Warriors lost four points to the
Bank of Douglas on the Y. M. G. A. al
leys last night. Cooper led his team
mates to victory with high score of
$40, his best for the present tourna-
ment. Taylor was high man for the
Warriors.
The Merchants forfeited to the Rail
readers. Young made a score of 465.
Warriors: Bolton, 375; Knight, 333;
Taylor, 387; Fish, $50; Fish, Jr., S56.
Totals, 1912.
Bank of Douglas: CroweH 44S;
Coughlin, All; Cooper, $50; Sexton, 361 !;
Work, 36S. Totals, 210S.
Douglas daily dispatch., 1927-03-16

for the series, while Bisbee n-hitters
averaged 150
Douglas daily dispatch., 1927-03-16

where the competition is lleener.
Two vacant boxing thrones remain
to be filled among the bantams and
Evening star., 1927-09-10
EVERYMAN'S
INVESTMENTS
A Study in Bond Values-IH.
BY GEORGE T. HUGHES.

Having in the two articles imme-
diately preceding discussed the prop
erty security for the bonds of the In
ternational Mercantile Marine Co. as
an illustration of investment analysis
in general, we now come to the mat
ter of earning power. No matter how
wide the margin between the amount
Of the bonds outstanding and the value
of the property, the investment is not
sound If net income is insufficient to
pay interest over any considerable
period.
When we come to look at the Ma
rine company's 1926 income account
we are confronted by the fact Of def
icit after interest on the bonds. SINH
lar deficits were reported for the pre-
ceding four years. This looks dis
couraging and the question arises how
1t has been possible to pay interest
which was not earned. Closer exam
ination, however, reveals that the def
icit existed only after heavy charges
had been made for depreciation on the
company's steamships. In the 1926
statement net income was given as
$5,693,718, and depreciation of $5,-
040, AIS was charged off.
Now depreciation is very real
item, but it does not affect cash hold
ings. 1t is important to bondholders
because 1t shows to what extent the
property value on which their bonds
are secured Is becoming smaller, but
it does not impair the ability of the
company to pay interest. We have al
ready seen in discussing the financial
condition Of this company that even
after these heavy depreciation charges
and using the most conservative estl-
mates, there is property value back
of the bonds at least double the
amount outstanding.
For the immediate situation we look
at the balance sheet and see the re.
lation between the current assets and
the current liabilities. In the Marine
1925 statement the ratio of the former
to the latter Is approximately two TO
one. Interest on the 6 per cent bonds
is only a little over $2,000,OOO and
among the current assets In the baI-
ance sheet the cash item is S79ll,-
SGT and that of marketable securities
is S18.S86,504, against which tota! cur
rent liabilities are only S17,3l1,2S On
this showing interest is just as Sc
cure as property value was found to
be in our examination into that point.
Summing it up then as far as thls
analysis can take us, the bonds con-
cerned are sound. Similar methods
are employed in the rating OF other
securities. This particular case mas
been selected simply to illustrate the
means used.
Evening star., 1927-09-10
CHICAGO LIVE STOCK MARKET

CHICAGO, September 10 Omitted
States Department of Agricultural
$500 head; unevenly
steady to 10 cents higher than yes
kerday's average; sorted 210 pounds
10 220 pounds, 11.75a11.S0; few $50 to
h70 pounds, 11.10a11.40; practically no
'sales for slaughter pigs; most 240 to
ESQ pounds butchers, 11.10a11.40; bulk
backing sows, 9.35a9.60; sorted
butcher sows upward to 1000; ex-
IRENE heavies downward to 800;
Estimated holdover, 5000 head.
Cattle-Receipts, 400 head; COM
barred week ago grain fed steers and
kearlings rs cents to SO cents higher;
Western and native grassers, includ-
Ing warmed low qualities natives, rs
s.ents to 40 cents lower; extreme top
bong yearlings, 1925; heavies, 1915;
hight yearlings, 1870; mixed yearlings,
haas; all new high prices for season;
most grain fed steers, 12.75a14.30;
grass Westerns and natives, 9.00a
i0.5O; two loads of 1,380-pound Mon
tanas. 1900; most grass cows, 7.5O
downward; grass heifers, $50 down.
ward.
Sheep-Receipts, 1000 head; odd
lots of natives about steady; fat
range lambs closing so cents to Is
cents lower; natives, rs cents to 81
bower; sheep steady to strong; feeding
hambs weak; bulk prices, fat Western
lambs, 1275a13.25; natives, 12.25a
h2.50; culls, 8.50a9.50; slaC1--c1 year
kings, 9.00a10.00; fat ewes, 5.00a6.00;
Needing lambs, 12.75a13.65.
Evening star., 1927-09-10
.BABSON FORECASTS
BIG MARKET BREAK
Etatistician Finds in U. S. Excess
of Everything Except Religion.
Advises Conservatism.
BY the Associated Press.

WELLESLEY. Mass, September 10.
a year of possible readjustments
was forecast for 1928 by Roger w.
Babson, statistician, in opening his
|fpurteenth annual business conference
here today.
Mr.. Babson declared that the con-
|dition of the business world today con.
|stituted an unprecedented paradox
with declining interest rates coincid-
ling with declining commodity prices.
Heretofore, he said. low interest has
never been followed by panic, but
on the other hand, low commodity
prices have always spelled the alb
|sence of prosperity.
The explanation, he found, was IN
the excess in the United States of
Everything except religion" Business
volume was good, but competition so
severe and efficiency so low that profits
were very small.
A decisive reaction from present
Excessive stock speculation" was pre-
dicted with the warning that when
THE market really breaks, it will go
loft from 40 to SO points"
IL He said he was advising clients to
take a conservative position both in
business and investments. "We are
lin a period when wise manufacturers.
merchants and investors will get out
|of debt and store up financial, physi-
|cal and spiritual resources" he con-
|ciuded.
Evening star., 1927-09-10
CHANGES SLIGHT
IN BOND DEALINGS
Some Foreign Issues Higher.
Lower Tendency in Most
of InduStriaIS.

dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September 10.-Small
changes were made in today's short
session of the bond market. Most of
them represented the effect of profit
taking or neglect of issues that have
been more than usually active
throughout the week.
There were no outstanding features.
In the foreign group the Polish and
Italian issues held Fridays gains.
German city bonds moved UP near
their call prices. Belgians were
fractionally higher.
There was a slightly lower ten
dency in most of the standard indus
trials, but a fractional Improvement
in the speculative rails.
u. S. Government bonds were quiet.
The new 33ss. which were bid up well
above 101 prior to the Government
financing, dropped back a little.
This weeks new issues amounted
TO less than S50,000,000 and were
about equally divided between indus
trial, foreign and public utility bonds.
There are in prospect for early offer
ing about $3.50, 100000 bonds which
will come out in large units. Invest
ment bankers are well satisfied over
the reception Of offerings made since
the first of the month.
Evening star., 1927-09-10
TRADING L|STLESS
ON CURB EXCHANGE.
Prices IrreguIar-Some Utili-
ties in Demand, but Most of
Market Is Neglected.
by WILLIAM F. HEFFERNAN.

Special Dispatch to The Star.
NEW YORK, September 1O.-Pr1ces
fiuctuated irregularly at the close OF
the week on the Curb Exchange. AT
intervals trading lapsed into dullness
with the stock recording instrument
almost at standstill. This was in
direct contrast to the activity and
strength prevalent on previous days
Of the week 1t was a typical week
end affair, with the bulk of the opera.
tions representing the evening up or
accounts.
American Public Utilities, American
Light & Traction, Electric Investors,
and Southeastern Power continued
in demand. but most others were
neglected. Bancitaly shares went to
SO. the highest since the stock dlvl-
dend came off the prices. Buying was
based on expectations of another spe.
cial distribution.
Celluloid Co. new preferred, re-
spending to prospects of increased
earnings as a result of the recent con-
solidation, went to a new top above
S5. Profit taking having been com.
pleted in Gillette Safety Razor, at
least for the time being, the price
started forward again, but the demand
was not urgent.
The oils, motors and rails tiuctuated
over a comparatively narrow range
and little interest was taken in the
proceedings elsewhere.
Evening star., 1927-09-10
GRAPE BRICK FIRM
OFFICIAL ARRESTED
Company Sold Cubes With Warn
ing" That They Would Fer
ment in Water.

by tHe ASSOcldteu fgeSS.
CHICAGO, September 10.-Bricks
weighing a pound and half apiece
and selling at a price of So each
throughout the country aroused the
curiosity of Federal authorities and
resulted in an investigation which
has eliminated in indictments
against officials of the Vino Sano
Grape Brick Co. charging conspiracy
to violate the prohibition law.
Investigation revealed that the
bricks were made of compressed
grapes. On each brick was a print
ed caution that if water should be
added to the contents of the brick
the substance would ferment after
three days and become alcoholic.
While the label was in the form of
a caution it also contained recipes
for the transformation of the brick
into various wines through the addi-
tion of flavors.
Simon Exeter. local agent of the
brick company, was arrested here
yesterday on a bench warrant for
warded here from San Francisco,
where Exeter and other officials of
the company were indicted.
Evening star., 1927-09-10
AUGUST CAR L0ADINGS
|OF S. A. L. SHOW GOOD GAIN

Special Dispatch to The Star.
BALTIMORE. September 10.-The
movement of cotton and phosphates
pm the lines of the Seaboard Air Line
Railway showed a big increase during
august over the same month last
vear and was a chief factor in bring
Ing a good-sized improvement in car
oadings.
Information received from the local
Executive offices shows that car load
ngs- last month totaled 54,290 cars,
compared with 1868 in August last
Tear, an increase of 4,637 cars. or 9.S
per cent.
Loadings of cotton gained &C per
eent, phosphates ~ per cent and gen.
eral merchandise 13 per cent. The
bnly classification of freight to show
decrease was fruit and vegetables.
The Seaboard has asked the Inter.
state Commerce Commission for au-
khority to acquire control of the 20
snile Naples, Seaboard and Gulf Rail-
Sway of Florida by purchase Of its
Seapital stock and to issue $1,184.000
bf first and consolidated s per cent
bonds in connection with the pur-
chase of the Naples property.
Evening star., 1927-09-10
SCHOOLS KEPT CLOSED.
Haverhill, Mass, Infantile Paraly-
sis Cases Show Increase.

HAVERHILL, Mass, September 10
R).-With three new cases of infan-
tile paralysis reported in the past "a
hours, the board of health has ordered
schools to remain closed until Septem.
ber "a. Cancelled foot ball games for
two weeks and barred minors from
public gatherings.
Haverhill has had 40 of the 307
cases reported in the State since
January /. Massachusetts had only
245 cases reported in all of 1926. Seven
have died here this year.