davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-18
STOCKS RALLY. WINNING MORE
CONVERTS FOR SPECULATION
Danger Signals Clearly Out, However
Traders Evidently Prefer to Look on
Rosy Side of Situation

reached n level where they may be
attractive to those who felt that the
range of prices in April and May was
too high for the present, even though
bonds may. in the next year or two,
establish themselves on a consider
ably higher plane.
1t is now being recognized that no
small portion of the increase in brok-
erS' loans, which have steadily climbed
up from 81. us, 000,0 900 III the middle of
February to $3,11S,000,000 last week,
is the result of an accumulation of
bonds in the hands of, underwriting
syndicateS or dealers, who have been
unable to distribute them to the ulti
mate consumer. AS these bonds move
out of original hands into those of in
vestors in the course of the next two
weeks of large investment operations.
the loan situation should be improved,
providing there is great eXploita-
ton of stock than we have had
recently.
Discount Rate Remains Unchanged.
1t may be put down as certain that
there will be no reduction in the dis
count rate of the Federal Reserve
Bank before August /, and possibly
not during the year. The tendency
abroad of late has been toward higher
rather than lower discounts. This is
illustrated by the advance in the Bank
of Germany rate from per cent to 6
per cent and some discussion of
higher rate in London.
More will be known of the policy
toward international money conditions
following the conference in New York
in July of the governors of the Bank
of England. the Bank of France and
the Bank of Germany with the heads
of the Federal Reserve Bank in this
country.
Looking over the business situa-
ton, the familiar aspects of a large
distribution of merchandise, with
falling ratio of profits to gross reve-
nues, may be observed. Prices of pig
iron have declined to the lowest level
in five years, and there seems to be
a steady shrinkage in the output of
the United States Steel Corporation
and in that of it's chief competitors.
Motor Trade Lays.
In the automobile trade the decline
in production is slightly more than
seasonal, with the brilliant resources
Of the General Motors Corporation nos
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-18

commercial brethren and adopt over.
head irrigation as an insurance OF
good Midsummer gardens. Already
outfits suitable to the small garden
are available. Their more extended
use would remove one of the greatest
bugbears TO Summer gardens-name-
~. untimely lack of water.
The National Capital Federation of
Garden Clubs will meet July at the
home of the president. Miss Margaret
G.. Lancaster. 6615 Harlan place. Ia
koma Park, u. G.. All garden clubs
and garden sections of other civic or
CARNATIONS are eligible for member
ship. Information may be had from
either Miss Lancaster or the secre-
tary, Mr.. Aubrey b. Carter. 4611 Da-
wilson drive, Chevy Chase, Md.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-18
SILVER QUOTATIONS.

NEW YORK, June IS R).-Bar sill
yer, 561a; Mexican dollars, 427s.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-18

tinct seasons--Spring. marked by a
flush of irises and roses, and Autumn.
the time of gladiolus, dahlias and
chrysanthemums. Farther North
Spring and Autumn come closer to-
gether, with no such conspicuous in
term period. 1t is to be hoped that
the greater use of lilies, gladioli and
other Summer Towering species will
help to bridge over the gap.
For the individual gardener there is
no Summer let up. 1t is, in fact. the
most difficult time of year for keeping
the garden in a thrifty, growing state.
Periods of drought occur with greater
frequency and the intense heat de-
creases the beauty of the foliage.
Sooner or later amateur gardeners
will perhaps follow the lead of their
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-18

In the automobile trade the decline
in production is slightly more than
with the brilliant resources
of the General Motors Corporation nos
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-18
BY CHARLES F. SPEARE
'ecial Dispatch to The Star

Cpetidi blSpdJCH 10 Inc CldI
NEW YORK, June 1S.-During the
week from June to June Ia the stock
market had an average decline of over
Z points. eliminating in Tuesday s
break of large proportions. The i'm
mediate sequel was recovery so pro-
nounced as to make new converts to
a speculative situation which con.
tinueS dangerous because of the high
price level and the increasing indica-
tons of trade reaction.
Confidence promotes confidence and
so long as there is within the market
such an element of technical strength
as it has exhibited lately, it Will be
difficult to persuade those who have
stocks to sell them or those, who are
tempted by the steady rise in quota
tons. not to buy them.
Under such conditions the increase
this week iii the dividend on New
York Central Railroad stock from Z
to per cent had much greater effect
on the general market than did the
passing of dividends on the shares
of two small rubber and tire com
panies and an electrical company, anu
the internal distress suggested in the
collapse of the bonds of concern
manufacturing refrigerating machines.
While many new high prices were
reached in railroad and industrial
stocks there were also number oil
significant new lows" in the common
and preferred issues of outstanding
manufacturing and distributing cor
porations.
Money Continues Cheap.
The abundance of credit available
for operations in the stock market has
long been a primary cause of the adj
vance in prices. With gold reserves
increasing and commercial demands
contracting, a great many people VIII
nrefer 10 own securities rather than
to keep their money in banks. After
nearly a month of relatively firm call
rates. the quotation dropped at the
end of this week to per cent. Time
loans, however, have been tirmer.
Influenced by this, the market for
investment securities has been slip
ping off a little each day. There are
signs that good bonds have now
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-18

sibly coloring the situation more high
ly than 1t should be. One section of
the automobile trade, namely, tires,
is assuredly not in prosperous state.
The whole rubber industry is some
what in the same position that textiles
were in for several years. Investors
in New England have been nearly as
anxious this week over the action of
United States Rubber preferred stock
as they were formerly over American
Wooden preferred.
The situation in crude rubber is not
unlike that which occurred in raw
sugar at the end of the war, and
which compelled sterilization opera
tons in order to correct the i'll effects
of overproduction. In the case of
cotton the oversupply from the 1926
crop has been taken care of through
the investment in this staple at alb.
normally low prices by American and
foreign spinners.
Farmers Condition Improving.
One of the strongest features in this
situation today is the recovery in pur-
chasing power of the South and West,
due to the advance in the last few
months of cents in the price of cot.
ton and from 20 to 25 cents in wheat
and corn. This has given new courage
to the agricultural districts, where
the gain in purchasing power has re-
suited in greatly increasing orders for
agricultural implements. household
necessities and luxury articles.
Unfortunately the season has not
been a good one for the progress either
for cotton or the grain crop. Harvest
ing of Winter wheat in Kansas and
planting of corn in the Middle West
have been delayed by excessive rain
The retail trade in at least hair of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-18
Charming Homes!

And priced a THOUSAND dollars under What you
,Could hare to pay for roiUhOuse OF equal size
and features! Our enormous building program
makes this possible, You'll marvel at these homes
priced from $3.50 to SIO95O and the convenient
terms ichich they be purchased! Come out
and inspect them carefully! They'll lie open SUM-
DAY and EVERY DAY and NIGHT this ,Ceek!
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-18

the United States this Spring has been
reduced by the exceptionally low tenn
peratureS.
Foreign Trade Balance Good.
Our trade in May with the rest of
the world conclusively proves that
we are not yet in any great danger
from foreign competition, and that not
only are we receiving more each
month in interest on dollar loans but
have an increasingly favorable trade
balance. On June Is IL dlfferent
European nations paid varying sums
into the United States Treasury on
account of obligations contracted dur
ing the war. The surplus of the
United States Treasury for the year
ending June 30 will be approximately
5000 600, 000 whereas few countries
throughout the world have been able
to balance their budgets, and If so
by only a narrow margin.
Ii is not surprising that with money
easily available at low rates, buc:- ess
requirements moderate, the earnings
of the leading railroad, industrial and
electric light and power corporations
well above dividend requirements, there
should be q continuing feeling of con-
fidence in the stability OF the price
list for stocks, in spite of the many
Indications that earnings in 1926 and
in the first quarter of 1927 may not
again be duplicated in some years.
SILVER QUOTATIONS.
NEW YORK, June IS R).-Bar sill
yer, 561a; Mexican dollars, 427s.
Ruth Meilandt, 81. is city clerk OF
Ventura Calf
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-18

Come out to Marietta Park and bring the family!
Here you'll find a delightful community OF beauti'
full homes OF uarious sizes and prices to suit the
family and purse! You'll be delighted rcith their
beauty, completeness and convenience! Beautiful
sen,i-detached homes 10Th handsome La0ns and big
terrace p0rcies! Pared streets and alleys!
Seward daily gateway., 1927-04-25

Mrs. John .Gilpatrick, wife of the we'll known local resident, was among those departing for the states Saturday on the steamer Alaska. Mrs. Gilpatrick will visit her grand son at St. Louis and later, go back to her old home in Virginia.
Seward daily gateway., 1927-04-25

The United States entered into war with Mexico this date, April Fl. lS4e.
Seward daily gateway., 1927-04-25

The Forestry boat Chugach with As- sistant Supervisor Pratt and Capt. Jacobsen aboard left for Cordova Sat. urday.
Seward daily gateway., 1927-04-25
FORESTRY WORK FUR SEASON 1S OUTLINED
 BY W. J. M DONALD
SUMMER HEADQUARTER WILL BE AT LAKE RENAL RANGER
 STATION

'dl u tiIA pioJSSeS iAA NAAS AO'''~- N district of the Chugach national for est, according to Forest Supervisor w. J. Mcdonald who left Seward to- day for Anchorage.
 As soon as snow conditions permit, one crew will begin work on the north fork of Snow River, where a trail will be extended from the rail road toward the head of Snow River. This project is part of system of trails designed to make the whole Snow River basin accessible.
 A trail was built last year from the railroad at Mile 12 up to the South fork of Snow River and across the divide to Bear Lake. Eventual ly that project will be united to make a complete system for the Snow River drainage
 Another crew will soon begin work cleaning out old tie trails along the railroad These will be somewhat in the nature of stub trails, and are being built principally for fire pro- lection purposes.
 Later in the season a crew will be moved down to the lower end of Kenai Lake where a trail will be constructed from Schooner Bend to Lower Russian River Lake. This project will not only serve a very useful purpose from fire protection standpoint but will also facilitate local and tourist travel in that reg ion. In the Hope district a trail will be started this year from the town of Hope up Resurrection Creek, which will eventually connect up with the Kenai Lake trail system.
 MT. Mcdonald states that early in May a land classification party will arrive at Seward and work between Seward and Anchorage and in the Afognak region classifying. areas This work is being done to stimulate settlement within the national forest and make all areas having agrcul- tural values readily available for homestead application.
 This will be the second season of land classification work on the Gnu zach, a portion of the Anchorage dis trict having been classified three years ago. The classification work will be done by Wellman Brook of the Juneau office
 | MT. Mcdonald will spend the next two or three weeks in this vicinity assisting Ranger Forward to get the spring work underway. The first few days in May the fire guards and trail foremen will be assembled at the Kenai Lake ranger station for three-day guard school The men will be. given intensive training in fire prevention and suppression methods. Immediately after the close of the school, the guards will be sent to their respective stations and the trail foreman will get out on the construction jobs.
 A new arrangement is being tried out this year by. making the Kenai Lake station the summer headuuart- CTS for Ranger Forward, Fire Ward en Annabel and one patrolman. This station being located fairly we'll in the center of the best timbered areas, and near where some of the larger trail crews will be working. if Continued on Page six) Mems shoes resoled, heeled and
Seward daily gateway., 1927-04-25

A bunch of whales, sea lions and seals frolick about the bay yester- day. Many local residents saw them.
Seward daily gateway., 1927-04-25

The Seward City Council meets this evening in regular session.
Seward daily gateway., 1927-04-25

Administer and Congollan rugs. l.. Graef.
Seward daily gateway., 1927-04-25

Mems shoes resoled, heeled and polished $2.75. Seward Leather Works.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1927-08-12

less had done man-sized job. He had
saved New York's millions from a
transit tie-up, his first emergency
since the election. And he was proud
of the acclaim from union men and the
public alike that he had obtained.
But old Quackenbush, the INTERIOR
oughs legal mind, was still to be
reckoned with. The evening papers
were out with the news, "Union rec
ognized." The tabloid headlines were
especially aggravating to the traction
bosses.
Whats this, Mayor Walker" came
the voice of Quackenbush over the
telephone. I'VE haven't recognized
the union and never will. You better
make that clear to the newspapers"
Look here, Quackenbush," respond
ed the no longer suave Jimmy" ''If
you keep on that line long enough,
you'll have the mayor and 10000 po-
licemen joining the Amalgamated."
And that was that
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1927-08-12
Gotham Subway Truce Holds;
Union to Make Court Test
OF "Yellow Dog Contract
By International Labor News Servic,

By International Labor News Service.
New York City.--It will all come
out in the courts, to paraphrase
popular saying. An Amalagamated
Association of Street and Electrical
Railway employees will test the right
of the Interborough Transit Company
to shackle it's employees by means of
yellow dog" contract, binding the
subway workers not to organize. Sen
ator Wagner and Representative Perl
men are to lead the fight.
Meanwhile all remains quiet along
the subway, with the union carrying
on it's missionary work and the |. r.
T. bulldogs ready to bite anyone seen
working for bona fide trade unionism.
One Of the stunts that got Frank
Hedley, president of the Interborough,
in bad with the city fathers, was his
threat to have President William
Green of the American Federation of
Labor locked up for assailing the COM
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1927-08-12
POLICEMEN
Lose Out In Fight To Re-
tain Union In Montreal

London, England.-The privy coun-
ell has refused to consider an appeal
from a resolution passed by the Mon
treal, Quebec, city council, which is
intended to dissolve the Policemen's
Union in that city.
City officials were enjoined from
enforcing the ordinance until an ap-
peal was carried to the British high
court in this city. The unions at
torney called attention to the Canadl-
an law which prohibits strikes or lock
outs until the matter has been sub
mitted to board of arbitration. The
claim was made that the city of Mon
treal violated this statute when it re-
quired policemen to resign from the
union within eight days, and that this
amounted to a threat of a lockout
within the meaning of the law.
The privy council, in dismissing the
appeal, said that the city might not
be entitled to institute lockout but
it was entitled to dismiss members Of
the police force. The attorney re-
piled that if the union waited until
all the members of the force who be-
longed to the union were dismissed
he could not have obtained an inJunc-
ton to prevent this. The court, how
ever, insisted that individual dismiss.
ais did not constitute lockout within
the meaning of the act.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1927-08-12
BY International Labor News Servi

By International Labor News Service.
Indianapolis, Ind.-The breaking
away Of Indiana association coal op-
orators from their affiliations and
their signing working agreements with
the United Mine Workers under the
terms of the old Jacksonville wage
scale, is the latest and most magnifi-
cent incident in the wage controversy
between operators and the union in
the central competitive field
Instead of Ohio operators leading
the way to an abandonment of the
union and working their mines "open
shop" at wage rate of less than SIS
a day, in the central competitive field
it now appears that Indiana is slowly
leading the organized coal industry
back to the Jacksonville wage scale
and prosperity.
Operators Assertions Refuted
Answering a series of advertise
ments, published by the Indiana Btu
minous Coal Operators Association,
appearing in the public press, and es-
pecially in the States mining regions,
officials of District l offered rebuttal
facts, taken from statements made
previously by the operators, that did
not leave the operators leg to stand
on Actual figures. taken within the
week, showed that the production of
coal in Indiana is approximately rs
per cent of normal, a surprising fact.
All the mines in the State now oper-
ating are working under the Jackson
vile scale.
The Ayreshire Coal Company, Of
which David Ingle of Evansville is
president, has signed an agreement
with the union and is already at work.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1927-08-12
Communists Take Defiant
Stand When Placed on Trial
Before Trade Union Officers

of the Workers (Communist) Party
of America.
Il refuse to answer you," said
Davidson. at is no ones business
what | belong to or what | believe"
John Fitzpatrick, president of the
Chicago Federation of Labor, then
took hand
Fitzpatrick Would Clear Up Question
l don't think that this matter
should rest here" said Fitzpatrick.
"The American Federation of Labor
regards Communist as traitor to
organized labor The refusal of Dav-
idson to answer the direct question as
to whether he is Communist may
leave a doubt as to whether he is a
traitor"
Davidson continued to refuse to an
swer the question.
Acrimonious and violent debate
marked the second days session.
Charges and charges flew
thick and fast, with Davidson as the
storm center. He is regarded as the
principal Third International repre-
sentative in the controversy and is
referred to as "The Cimmissar."
Accused of Aiding Fight on A. F. of l..
One of the principal charges against
Davidson and the other joint board
members is that they used the Chi
cago machinery of the International
Ladies Garment Workers Union to
raise funds for the so-called "Unity
Committee" which was organized by
the Communists in New York to
thwart efforts of the American Fed
GRAFTON of Labor to bring order out
of chaos in the fur and cloak and suit
industries of the latter city.
The Reds are charged with having
organized a COMMITTEE of One Hun
dred' in Chicago to cooperate with
the Unity Committee" of New York
and that officers of the Chicago Joint
Board were ring leaders in this move
ment.
1t is alleged that money was fraud
ulently taken from the members here
through misrepresentation and sent
to the disruptionists in New York
The money was raised by means OF
stamps and so-called "bonds'' thai
We're sold.
Trial Committee From Three Bodies
The Trial Committee is composed
of three vice presidents Of the Inter
national Ladies' Gorment Workers
; Union, the executive board of the
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1927-08-12
Spend YOUR VACATION At The STATE FAIR
By CHAS. V. TRUAX

excursion rates for the entire week
will prevail with railroads and trac-
tion companies.
Your comfort and convenience on
the grounds have been amply taHen
care Of Telephone, postoiiice.
telegraph, emergency hospital. free
messenger service, information bu-
reau, mfort-stations-ali will be
there.
AS for the attractions, by which
| mean the educational exhibits as
well as the purely entertaining
features, they will be many ana
varied. There will be a million
dollar live stock show. There Will
be Night Horse Show held under
the auspices OF the American AS.
sociation OF Horse Shows. For
those interested In the sport OF
kings" there will be a splendid rae
ing program, with special purses.
There will be free entertainment in
the form OF high-class vaudeville
and hippodrome acts. A great
300-piece High School Boys Band,
now In training at an Indiana re-
sort, will be on hand all week to
play for Fair patrons. Mr.. J. w.
Wainwright will again be in charge
of the youthful musicians.
Each day there will be special
attractions such as the baby show,
an old fiddlers' contest (the fiddlers
will play for a square-dance con-
tesD, and each evening at the
Coliseum there will be hog-calling
contest. In all Of these events.
prizes are offered, with no entry
fee being required.
Come to the Ohio State Fair,
August 29th to September Sd, for
your vacation. We will welcome
! you, offer you the best, and do all
in our power to make your stay In
"the Heart OF Ohio" both pleasant
and profitable.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1927-08-12
By International Labor News Service.

By International Labor News Service.
Chicago.-Communi officers in
charge of the Chicago Joint Board of
the international Ladies' Garment
Workers Union were advised to send
their imported siuggers and gunmen
back to New York The advice was
given by E. N. Nockels, secretary of
the Chicago Federation of Labor, at
the first days hearing of the trial of
the joint board members on a series
of charges that they had violated the
laws of their international union.
Joseph Levin, manager of the joint
board, had wound up a passionate
speech by saying to the three inter
national executive board members
present:
"We are not going to permit you
to carry out your desires in Chicago"
Nockels Quick to Accept Challenge
Secretary Nockels imediately chal-
lenged Levin, demanding to know
what he meant by that statement.
Let me tell you this said
NOckels, that if you mean you
are going to use force, then we
are prepared to meet force with
force. Through you | wish to ad-
wise your imported New York
sluggers and gunmen that they
| had better get out of Chicago"
Levin denied that he intended to use
or had used force, despite the state
ment made in the floor of the Chicago
Federation Of Labor recently that
several members of the garment work
ers' organization had been beaten uI
| by terrorists in the employ of the
| Communists
Serious Charges Against Officers
Levin and |. Davidson, organizer
together with the other members o1
the joint board, were charged with be-
! ing members of a dual organization
the purpose of which was to gain con
troll of the union; with f1outing the
authority of the international unior
and disobeying it's lawful orders by
giving aid and comfort to the sus
pended New York Joint Board, ant
with circulating an untruthful, sour
rilous and libelous pamphlet in which
many false statements were made ant
in which the international officer
were hid up to ridicule and contempt
Secretary Nockels asked Organize
Davidson if he were not a membe