davidaulloa/AmericanStories huggingface dataset:
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-09-05

READ THIS FIRST:
The story opens with the pending
displacement Of the star, Alice Car
roll, of the davidson Productions Co.
Alice's contract is about TO expire.
and Lew Davidson. q h~ard-boiled
Judge Of pretty women, has been
seer to scar cynically the first traces
of wrinkles In her otherwise Eirlish
face. Her fate is regarded as sealed.
Tony Hull. a director with a sense
az decency. a tall. Fray-eyed man Of
thirty-five. has secret hopes Of Wit
Messing the elevation Of Jane Dare,
4 small, graceful woman just emerE-
ing from joyous youth, Of great
beauty and fine character, 20 stellar
honors.
NOW GO ON WITH THE STORY)
The Washington times., 1928-10-19
N. COTTON RANGE

NEW YORK, Oct. 19.-Small and
irregular price changes accompanied
moderately active trading in the cot.
ton market. here today. Prices
opened at a decline Of points to
an advance of 8 points and held
within that range throughout the
forenoon period, rejecting a reduc.
ton in speculative interest in adj
vance or the Government report on
grade consumption and tenderibtlity
OF cotton to be issued later in the
DAY for the year ended July 81,
Sentiment around the ring con.
tinued bullish, although there were
Iears In some quarters that a tenn
porary reaction of a technical ma.
ture was due, owing to the steady
advance in prices since publication
week ago Monday of the Govern.
Lnent crop and ginning report for
september. In that period prices
nave risen more than cent
pound. q
Liverpool cables were IN
= american points higher than due
ana lhls produced somewhat
steadler tone shortly before tba
noon hour when December MAS
quoted at 1s.75c, January. 19.7tc.
March. 1850. and Nav 1esoc
WIRE houses and local spacula tors
TOOK profits. A moderate voII,noa
OF hedge selling was absorbed nv
trade buying. short COVERING ard
DuylnS Tor the account of Liver.
pooi' Inc continent bought
The Washington times., 1928-10-19
LOCAL STOCKS
CAT Ec

chamberlin Vanderbilt SIS, $1,000
09s.
Chestnut Farms Dairy. common,
5001sO.
Chestnut Farms Dairy, preferred,
S5m10sA, 1001OSK.
Potomac Electric SIS preferred.
5Q11s, 59113h, 20113A.
Potomac Electric SIS preferred,
20010S7s.
washington Gas Light, 10000.
ZOOLOGY, 10@1001a, 106100A, 10
@100K. 1O6101, 206101.
Second National Bank, 56270, So
270.
National Savings and Trust, 100
sos.
Mergenthaler Linotype, IO@100H.
Mergenthaler Linotype 50m101;
S0@101; 1O010I; 801O1; 2@1O1;
100101; 5@1OI; 501O1; 20@lO1; Is
0101: 201O1.
Sanitary Grocery Company pre-.
ferred, 50146.
After call
Capital Traction IS. $1,000 fo1
0,000q101, $S,OOO9lorh, $4,000
1011s.
Mergenthaler Linotype. S0@1o1,
200101, 30@101.
Federal American Company com.
mon. 25@4S, 10@4s.
Columbia Sand & Gravel preferred,
50s2.
MoNEY-call loans. 0s per cent.
The Washington times., 1928-10-19
RESUME
UPWARD
TREND
BY international News Service

NEW YORK, Oct. luxurious
bidding for the high-priced specula-
tive favorites at the beginning of
trading today resulted in sharp ad.
vances all along the line, with specu-
'lative interest concentrated on the
pace.setters of the past week. The
$4,000, 900 increase in brokers loans,
as shown in the weekly reserve
board report, was not considered as
significant in Wall Street as the de-
crease of $57 so 900 in rediscounting
at the reserve banks, which showed
that the banks were able to loan
without increasing their own bor-
rowings.
F. Prices Soar
A wild and riotous scramble for
the speculative favorites sent prices
skyrocketing again. Montgomery
Ward rushed up 10 points to $50;
American International points to
125; Radio z points to 223; Stude-
baker 2 points to S715 Atlantic Re-
filming 3 points to 1907 American
Smelling points, and various in
dustrials and specialties " point.
The mercantile stocks. coppers,
oils. amusements and specialties re-
stunned the forward movement which
has been in progress since Monday
morning, and many OF the high
grade rails changed hands at higher
prices.
Movies Active
The ticker fell 20 minutes behind
the market before the end of the
first hour and the usual confu-
sion was in evidence in the broker
age offices and customers rooms.
Brokers on the floor OF the exchange
struggled with each other to. fill
customers orders, particularly In
stocks in which the offerings were
limited. Warner Brothers Pictures
was whirled up about points as a
huge buying wave flowed to the
theatrical group: Pathe and Keith
Albee rising about points each.
Katy was a favorite in the specu-
lative rails, with new rise to above
AZ.
The call loan rate opened at 81 per
cent. But the supply was limited
and a higher weekend rate was
forecasted in Wall Street. Commodity
markets were steady. with cotton up
points and grain fractioDalIy
higher
The Washington times., 1928-10-19
CHICAGO LIVESTOCK

CHICAGO, Oct. 9.-I.iyestock:
HOgs-Receipts, 10000: market.
1O-20c lower. Top. $3.50: bulk. 50 90
@9.75; heavyweight. s9lO6J.75:
medium weight. s9200 80: hsht
weight. SS.s5W9.75; light lights,
$S.5OQS.45;- packing sows. SS.I0U
500; pigs, $8.2549.25; hoIdovers,
1900. -
Cattle-Receipts, 900: market
steady. Calves: Receipts. 900.
market steady. Beef steers. Good
and Choice, &15.00G17.25: common
and medium. S9.0em145N: Yea rIines
$e017. Butcher Cattle: HeiTey.
s.00d 1850: cows 50. 5OG11. 90 huI,s
sI411; calves. $4,000 1850: feed.r
steers. ss.S0913.00: stocker steers
$3.50 1900; stocker cows ami
heifers. $7G1I. Western Eanya
Cattle: Beef steers, $9GI4: cows and
Heifers. $11612.
Sheep-Recelpts. 5000. marLat
steady. Medium and choice IamSs
$1215413.75; cuIis and common
$lo'OOn lis yearlings. S90I1.
common and choice ewes xtn10
S.7S; feeder lambs. SI2.OOGI3 "a
The Washington times., 1928-10-19

BAL TIMoRE LIVE STOCK

UNION STOCK YARDS, BALTr
MORE. Oct. 1s.-Cattle Receipta
800 head. Market steady. steers
Choices $1s.SO014; good. $12.Su0
13.25; medium. $11.50@12.2s; CON
mon, s9.2501060: feeders and stock
ers, $10.50012.7S. Heifers: Chofca
s11@11.5o; good. $1e 010.50: medium.
$9.25@9.75; common. $500; feeders
and stockers, $9.25010.50. Bulls
Good to choice. S9.50010; fair "a
good, $s.5019.25: common to faed
jun, &6.50@s. Cows: Good to choice.
$50 4. so; fair to good, $500; common
to medium, $4@7.50.
Sheep and lambs - Receipts, 5I
head. Market steady. Sheep, $50
$50; lambs, 81 114.25.
HogsA-R Receipts, 500 head. Market
lower. Light. 5000; heavies, $1,000
medium, SOLO: roughs. cf.7519.tOs
light pigs, $669.25; pigs, 5000
Ohio and western hogs, 10 cents
higher than quotations.
Calves Receipts, so head. Mar
ket steady. Calves, $5016.
The Washington times., 1928-10-19
RUKEYSER EYES
INVESTMENT
TRUSTS
BY NJ. 8. RUKEYsER

NEW YORK, Oct. I9.-Ine new
popular interest in investment
trusts has resulted in the rapid
creation Of new agencies for in
vesting other peoples money.
Until four years ago such organ
izations, long in successful opera.
ton in England and Scotland,
were little more than name in
this country. Now there are EOS in
operation in this country, with
total resources estimated in excess
Of 81 ,00O, 000, 900. A recent compila-
ton shows that "a follow the dis.
tinctly American pattern of the
fixed trust, in which, after the
initial selection of securities for
the portfolio, the management re-
tains little or no discretion. Be.
tween the fixed trust type and the
general management, or discre-
tionary type, which is the British
pattern, there are in-between
trusts Of the semifixed type.
Many Speculative
Most of the American organiza-
tons do not take the form of
common law trusts, but Of corpo.
rattons, and many are not strict.
ly speaking investment compa-
MES. but are engaged in trading
or speculation.
The lack of. uniformity of Amer.
lean trusts induced the legisla-
tive committee of the Investment
Bankers Association. which is
holding its annual convention in
Atlantic City this week. to re.
port that special legislation affect
ing the investment trust deveI.
opnlent seemed impracticable. The
recommendation of the attorney
general in New York were not
carried out by the legislature.
In fact, !" said the report OF the
bankers. the best authorities with
whom your field secretary has
conferred during the year say
that q legalistic definition OF in
vestment trusts as now used in
this country with the several
forms and applications, such as
to be sufficiently inclusive, il
quite impossible. This alone
raises a very substantial barrier
to the probability of ever formu-
lating sound and satisfactory leg
islation, in the form OF a statue
relating to investment trusts
alone.
Have Good Points
In spite Of specific abuses in
individual companies. Daniel
Hamilton, a student of invest
ment trusts. writing In Barron's,
says: When the present era of
investment trust development is
compared with previous eras in
volving oil. automobile and even
bank promotion on d large and
widespread scale, 1t is probable
that never before in history has
the stock buying public been in
vited to participate in a new
development in which it had so
little chance of losing and such
4 good chance of making money
as at the offering prices Of in.
yestment trust securities. It is
also true that investment trusts
have become the medium of a
promotion era which has rarely
been surpassed in our history.
1t is also true that the invest
ment trust does not create
wealth. it merely aggregates to
itself capital which would ordin-
arily seek investment anyhow,
at least to very large extent.
But that same capital, instead
of being dissipated In a thou
sand schemes. nine.tenths of
which would fail in less than
five years, is now concentrated,
much of it in control of the
keenest minds in Wall Street"
The Washington times., 1928-10-19
CLEVELAND LIVESTOCK
Oct

-. = III ' L-I-AND, Oct. I9.
Hogs-Receipts. 1900; followers.
loo; market dull; no sales: bidding
z5c lower. or 1915 for 150.Ihs nm.
asking steady prices.
Cattle-Receipts. 100: calves. $50,
Market. cattle and calves. steady.
bulk quotations: Beef steers. sa.75a
1855; beef cows. 37027s: low cut.
ter and cutter cows. $5ds.75: veal
ers, $1Sd1s.
Sheep - Receipts. 1900: market
steady to weak: quotations: Ton TAI
lambs. 214: bulk fat lambs. s13.7sa
-; bulk Gull lambs. sf0ni1,s0: bulk
fat ewes. S5ds50.
The Washington times., 1928-10-19

1880 Prev
High Low P. M. Close
Tobacco Prod. 1905 1905 1907 y1o1
Aric0 Proo''... 4o7l 4ol4 4osl 4oI&
The Washington times., 1928-10-19
~ I44N z n 1tANG
one and ona-aixteenth Milas
&c. G.. Valuation Expert
Put on Gas Hearings

Henry j. Saunders, II years. q
valuation expert of the interstate
Commerce Commission, today was
engaged as an expert in connection
with the valuation now being made
of the two local gas companies by
the Utilities Commission.
Employment of Saunders wfas
made at the request of Ralph B.
Fleharty, Peoples Counsel. He, will
make studies of intangible assets of
the gas companies and will be used
by F'leharty to give expert testi.
mony at the gas hearings.
The Washington times., 1928-10-19
BANKERS LOANS
ON SECURITIES
INCREASE
By HARRY GUSACK
Financial Editor


Loans and investments Of me:nbei
BANKS in leading cities, have in
creased in recent weeks, rejecting
chiefly a renewed expansion Of loans
On securities, the Federal Reserve
Board declared today. in its October
review OF financial developments
Compared with last spring, how
ever, the volume of loans and invest
hnents of these member banks Is
about s2s0, 900. 900 lower. The de-
crease for this period has been en-
tirely in the banks holdings of in
Vestments and in their loans on Sc
eurities, while all other loans in
creased and were at the end of Sep
TENDER about $3.50, 900, 900 above their
. level of a year ago and in larger
volume than at any other time IN
Che past seven years.
The seasonal growth in this class
Of loans began this year in the last
week of July, which is the usual
time, and the increase from then
until the end of August was $115, OOO'-
600. Since that time there has been
some further growth in this class OF
loans. These figures indicate thai
credit has been available to the
banks commercial customers for
their usual seasonal requirements.
The cost of bank credit, however, has
been higher than at any other time
in the past seven years. The adj
vance in money rates has been gen
eral for all classes of loans, the
largest Increase being in rates for
call loans onSsecurities. Other open.
market rates have shown smaller
advance and rates charged by banks
to their regular. customers have adj
Vanced less than open-market rates.
The rise in the cost of credit during
the past year has been due chiefly
To the loss of gold and the conse-
quent heavy Indebtedness of member
banks to the reserve banks. During
August and September there has
been a further growth in the de-
Ynand for reserve bank credit aris-
ing chiefly from the seasonal IN
crease in the demand for currency.
The cost of bank credit has been
higher than at any other time In
the past seven years, the report
states.
.aThe advance in money rates has
been general for all classes of
loans, the greatest increase being
IN rates for call loans on seeuri-
ties" the board said. Other open
market rates have shown q smaller
advance and rates charged by banks
70 their regular customers have adj
vanced less than. open market
rates"
Fleming Named Committeeman
Robert v. Fleming. OF Riggs Ma.
ticnal Bank. president Of the Dis
trict of Columbia Bankers Associa
ton, has been named n1eniher Of
the committee on Federal legislation
Of the American Bankers Associa-
ton and will represent the District
Of Columbia as State chairman on
the Federal legislative council, the
State legislative council and the
on taxation. Howard
vice president OF the Amerf-
can Security and Trust Company,
has been named ex offfcio chairman
of Federal legislation for the saw
ings bank division.
The Washington times., 1928-10-19
CHICAGO GRAINS

CHICAGO, Oct. 19.-Grains opened
generally steady today. Wheat was
&c lower to- nc higher; corn, up
sc and oats were unchanged.
Opening prices:
Wheat - December, $f.15A q u
March, $1.201a: May, A:22A ~.
Corn December, S151 a SIC;
March, s46s4kc; May, S6X oslo.
Oats-December, new, 43a 91sc;
March, AN; May, 451s.
The Washington times., 1928-10-19
LIVERPOOL COTTON

LIVERPOOL Oct. I9.-Spots
were quiet with prices easier here
today. Sales totaled 1000 bales:
receipts. II 900 bales.
Middling fair was quoted at
1880; strictly good mids. II sod
good rnids l1:25d: strictly mids
11.1Sd; mids, II Dad; strictly low
mids. 1O.75d; low mids. I0.5Od:
strictly good ordinary. 10.3Od; good
ordinary. 10000
Futures opened steady with
October at 10. 40d: December, iO.24d:
January. fn.22d; March, 1O.21d; and
May, 1O.1sd,
The Washington times., 1928-10-19
F1emlnr Named committeeman
Christmas Savings Clubs

Eliot H. Thomson. of the. Wash
ington Loan and Trust Company
chairman Of the. advertising com
mittee of the District of Columbia
Bankers Association, will meet with
other committee members at asso-
citation headquarters today to dis.
cuss plans for cooperative adver-
Using of local Christmas Savings
Clubs.
The monthly meeting Of the, coun-
ell Of administration of the associa-
ton Is scheduled TO be held next
Friday afternoon at heado rters
The Washington times., 1928-10-19
FOREIGN. BONDS
SHORT TERM SECURITIES

Anaconda Extraordinarily 100 I1OOK
Anaconda 7s....,.....l1 47ht14S1z
Am Tel & Tel 4s............ 99h 1914
American Thread 6s........ 100 Il I1O0%
Federal Sugar $500. 90
Gulf Oil & Gas 5s......... 100 u 1OOx
Southern Pacific 4s.......... asa 80
swift & Co. 5s........., S9N 100
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-08-17
RUSH PLANS TO
Get AIR field
Committees viii Be Named
for Estimates.

George T. Whelden, chairman of
the airport board equipment and
maintenance committee appointed
Thursday, today was arranging an
early meeting to provide data on
a municipal airport within a short
time.
A. Kiefer Mayer, Chamber Of
Commerce industrial commission
chairman. today was preparing to
appoint two other committees, one
to recommend to city officials a
site and cost, and the other to con-
slider financial plans.
Appointment of the three COM
mittees was asked by Councilman
Herman P. Lieber, on behalf of
Mayor L. Ert Slack, to take the ini-
tiatiye in making definite recon-
mendations on municipal airport
to the mayor and council
The maintenance cost probably
will be estimated in time to permit
its inclusion in the 1929 city budget.
which must be ready for advertis-
ing Aug. %, and will be submitted
to the council for first reading
Sept. 3.
The committee has a number of
sites under consideration. 1t is es-
timated the airport, including equip
ment, will cost from 100000 to
$500,000, probably to be raised by
bond issue. 1t was not expected any
part of the purchase price will be
included in the 1929 budget.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-08-17
'ShiIPWRECK' GETS SECOND
WIND ON FLAGPOLE PERCH

Another twenty-four hours on the
tip of the Denison Hotel flagpole
and Alvin (ShipwrecD Kelly will
have kept his promise to stand on
that precarious point 100 hours, IS
minutes and 13 seconds.
Police were taking measures to-
day to prevent a traffic jam at
Pennsylvania and Ohio Sts. Satur-
day afternoon, when at 1:13, Kelly
will skin" down the eighteen-foot
pole which he assembled last Tues
day at 8 a. m,
Tremendous crowds are expected
to witness the descent. A Marmon
with police escort will take him to
the Lyric Theater where, after a
shower and change of clothes, he
will appear on the stage at 2 p. m.
He will appear again at 8 p. m.
Radio listeners will have an op-
portunity tonight to hear Kelly
himself describe how his perch feels.
At 1920 tonight microphone will
be hoisted up and Kelly will broad
cast over WFBM, indianapolis
Power and Light Company station,
under auspices of the Lyric.
Saturday afternoon, 2:3O to 1880,
and all day Sunday Kelly will be
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-08-17
New Step Toward Appeal
Charges infringement
on Liberties.

Answer to Attorney General Ar
thur L. Gilliom's motion to strike
out the motion for new trial filed
by Secretary f. S. Shumaker Of the
Indiana Anti-Saloon League was
filed with the Supreme Court today
by attorneys for the dry chief.
The move is a further step in
perfecting appeal Of his contempt
sentence TO the United States Su-
preme Court, according to Shu-
maker. who declared that all ave-
nues of relief must be exhausted in
the State court first.
Shumaker has been held in con-
tempt by the court and sentenced
to pay a $3.50 fine and spend sixty
days at Indiana State Farm. The
case was brought by Gilliom, who
had Shumaker cited for calling the
court wet" in his report to the di-
rectors of the league in 1926.
Opposes New Trial
After the case was heard and
sentence passed. it was reopened on
Gilliom's motion to increase the
sentence. which was not done.
Gilliom's motion to strike the new
trial motion from the files was
based on the allegation that it was
merely a dilatory move. In a de-
Tending motion in the answer filed
today, the charge is made that Gill
liom having the case reopened was
dilatory and not the present mo-
ton.
1.-The whole proceeding is unauth-
orized, illegal, unconstitutional and
contrary to American ideals of free
dom of speech and press" today's
answer sets forth.
Claims Testimony Illegal
1t asserts that the admission of
testimony by dispositions from
Senator James E. Watson and
Henry Lane Wilson over the de-
fendant's protest was illegal.
The Governor has the right to
pardon in contempt cases and thus
contempt is crime against the
public in another point made and
the charge set out that since such
is the case the defense had right
to witnesses and cross examination.
Five points are set forth as be-
ing those whereby Shumaker has
been deprived of his constitutional
rights as an American citizen.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-08-17

seen in athletic exhibitions at Wal
nut Gardens.
THE weather man sure has been
kind to me-" said "Shipwreck" this
morning, after his breakfast of or
ange juice and coffee. ut hasn't
rained drop since I've been up
here, although it's been hot enough.
I wonder if I'm going to get by I'M
til Saturday without getting wet?"
Kelly wanted thanks sent the
blonde stenographer," who made
things rather unpleasant Wednes-
day with a mirror, for not repeat
ing the operation Thursday.
Last night wasn't as tiring as the
second one" said Kelly. "I sup
pose you might call it my Second
wind feel in good shape to COM
plete the 100-hour distance, but it
won't be altogether unpleasant to
unlimber these legs when I crawl
down Saturday afternoon"
At 10 a. m. Saturday, Kelley will
take sailors sponge bath and
shave atop the pole.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-08-17
Jail Baby
Bandit, 8, Born Criminal,
Returned to Prison
as Menace.
BY F. 0. BAILEY

United Press staff Correspondent
MEMPHIS, Tenn, Aug. IT,
Iva The law today claimed for
second reformstory term Memphis
8-year-old "baby bandit
Judge Camille Kelley, the
South's first woman juvenile
Judge ruled the boy was a menace
to society and should be returned
to the institution from which he
was released only a few weeks
ago.
Sonny" as he is known on
police records in connection with
more than dozen robberies, is a
member of a prominent Memphis
family. Ever since earliest baby
hood he has shown inherent
criminal tendencies.
More than a year ago, he was
arrested and sent 10 a reform
school on charges of robbing five
homes. He served eight months
and was released to his parents.
And though they kept the closest
possible watch on him, he sue
ceeded in escaping and at differ
ent times broke into and robbed
eight homes. He carefully hid
the things he stole and his
parents knew nothing of them.
=
A S in the case of many older
n and more experienced Grim
inals. it was a comparatively triv-
ial matter that caused Sonny's
arrest the last time. He left his
Tom Mix hat in one Of the homes
he robbed. His fondness for the
hat led him back to recover it the
next day and he walked into the
police trap set for him.
Mental and criminal experts
we're called into consultation in
Sonny's case. A thorough physi-
cal examination disclosed that
child was suffering with diseased
tonsils and adenoids and that his
appendix was enlarged
Judge Kelley who heard the
case recommended an operation
and Sonny's parents agreed.
Informed by Judge Kelley that
he would be operated on and
then sent back to the reform
school, Sonny quietly replied:
"I guess that's all right"
Out of Difference to the wishes
of Sonny's parents, the lads full
name was withheld from publica-
ton.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-08-17
AUTO HIT BY TRAIN
Driver Trapped by Gates on
on Crossing, Injured.

Trapped between crossing gates,
when the fast Cleveland-to-St Louis
passenger train struck his auto at
the Massachusetts, Ave. and Rural
st. crossing of the Big Four Rail-
road, Willis Hendrickson, 30, of Ten
nyson, Ind, was injured seriously
this morning.
Hendrickson tried to drive over
the crossing while he was lowering
the gates, Watchman w. D. Thomp-
son, 1916 N. Tacoma Ave, said.
When he saw the man caught be-
tween the gates and noticed the
train still was two blocks away, he
raised the gates, Thompson said.
But Hendrickson started to back
off and then attempted to drive
across, the watchman said.
Hendrickson'S left arm was torn
nearly off. He was taken to city
hospital. He has been principal of
a school at Bonville, Ind, papers on
his person showed.