davidaulloa/AmericanStories huggingface dataset:
Evening star., 1929-11-15
WALL STREET POOLS
CHAPTER vi.
Running Polls; General Market
Pools"


Running Polls; General Market
Pools"
a running pool" that ran so
penrs aoithout shouting any signs OF
euapordtton and only repeGleG us
uictssitudes in the JorHt OF checES 10
its 5nrticipdnts is described IN thtS
article Just hotD general general
market pool" usually is IS also deGH
NTH as peH as the pools made gust
for the sake OF eTcltement)
There is a brokerage office in the
Wall Street district, which consists OF
two rooms located at the end of a dark
corridor In a building erected over 50
years ago, The outer room is furnlsheo
with an old leather sofa, table COW
cred with an accumulation OF letters
and newspapers, huge black iron safe,
and a couple of chairs. The door to
the inner office is always open; within
are two old-fashioned high bookkeeperS'
desks at which two gray haired men SIT
on high stools, turning out correspond
ence and statements in longhand.
Across the room stands a dilapidated
roll-top desk; on one side of 1t is a
ticker; on the other side Is brass
spittoon of the vintage of 1870. The
one telephone in the place rests on the
shelf of the desk, alongside silver
water bottle-and the water bottle is
used more than the telephone.
The head Of this establishment be-
came a member of the Stock Exchange
the year was born. He is now more
than 10 years old, and still active-in
fact, he does a considerably larger busi-
ness than many firms who maintain
elaborate Offices equipped with all the
modern devices which are supposed to
facilitate business. The old gentleman
handles orders for a number of very
wealthy investors and for a number of
very important pools-just who hi cli-
ents are, however, is a secret known
only to his old bookkeepers, and the
clients themselves, and none of the par
ties are loquaciouS. This 70-year-old
broker has never run an ad" or printed
an announcement Of any kind; he tells
me he has never asked any man for
business-or anything else. He has no
partners. No one seems to be in posi-
ton to estimate his wealth. The
guesses run into a fairly large number
Of millions.
The venerable old war horse, who is
Evening star., 1929-11-15
Wall Street Briefs

BY the Associated Press.
An additional $1,O0o,O00 in gold was
exported to France from New York
during the week ended yesterday. The
movement of the precious metal to
Paris in the previous week was So, SOC. 900.
The only other gold export of the more
recent period was $c03, 900 to Mexico.
Imports totaled $468,0 900, all from Latin
American countries, while gold ear
marked for foreign account showed a
100000 increase
The protective committee represent
ing minority stockholders of the Cleye-
land, Cincinnati, Chicago Sc st. Louis
Railway (the Big Four) has recon-
mended acceptance of an offer by the
New York Central Of $240 q share for
all stock deposited with or represented
by the committee. The offer was made
yesterday. New York Central already
owns a minority interest in the Big
Four.
Awards of structural steel contracts
during the past week totaled 20 900 tons,
compared with 22,500 tons In the pre-
vious week. Inquiries totaled 10000
tons, as against % 900 tons in the pre-
ceding week.
The New York Curb Exchange has
been designated by the Virginia Securi-
ties Commission as stock market en-
titled to full recognition under the Vir-
ginia law, thereby allowing securities
fully listed on the exchange TO be freely
bought and sold in that State without
requiring further sanction by the COM
mission. .
The Central Baking Co. is offering
for sale properties in six cities which 1t
has replaced with more up-to-date
plants. The properties. having an ag-
gregate value of $2,000,000, and tnclud-
ing land and buildings, are located In
Philadelphia, Rochester, N. Y; Norfolk,
Oklahoma City, Wichita and Allen
town, Pa.
Stockholders of the Duval Texas Sui
phur Co. of Houston and Corpus Christi
Tex, have authorized change IN capl-
talization from 100000 shares OF sic
par stock, now outstanding, to $4,000
shares of no par value.
Evening star., 1929-11-15
Washington Stock Exchange

Washington Gas IS A-$1 900 at 100.
Washington Rwy. & Elec. 4s-$1 900 at
81la, $1,000 at BIZ, 81 900 at 82k,
$4,000 at 80, 81, 900 at 81.
Capital Traction Co.-10 at rs.
Norfolk & Washington Steamboat Co.
5 at 26O, at 26O.
Potomac Electric So pfd.-5 at 108.
Potomac Electric 51A % pfd.--5 at 1929
Washington Rwy. g. El. pfd.--10 at go.
Commercial National Bank-1O at 258.
Federal-American National Bank-IO at
900, 10 at 200.
Commercial National Co. pfd.-5 at
l01H.
Mergenthaler Linotype-10 at 102, S at
102, 10 at 1015s, 10 at 101A, 10 at
102, 20 at 102.
Peoples Drug Stores pfd.-2 at 101.
AFTER CALL.
Washington Gas IS B-$5O0 at 101ss.
Capital Traction 5s-$1 900 at 901a.
Washington Rwy. & Electric 4s-$1 900
at 81%.
Washington Gas 6s B-$2, 600 at 1922,
$4,000 at 1929.
Potomac Electric 6% pfd.--1 at 108A.
Washington Rwy. 81 Elec. 4s-2 at 93X,
10 at SO.
Washington Gas 6s A-$3,o 600 at 9s7s,
$1,000 at 997s.
NOTICE-This exchange will be
closed tomorrow.
Evening star., 1929-11-15

of trading is light and the trend Of the
market uncertain. In many cases such
covering moves" in a few stocks are
produced by the ennut OF big specula:
tors. who concentrate on some selected
stocks In order to enjoy little private
party among themselves" for no better
reason than that there is not enough
activity to keep them otherwise occu-
pied.
(copyrisht, 1929. by. Current News Features.
Tpe /
Evening star., 1929-11-15
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
MISCELLANEOUS

Barber Ross. Inc Glass;. o. s6
Cham. Vanderbilt Hotel Gas. 90 100
Chevy Chase Club 5Has. ..@....... @ 100 80.
3 B., G; ,ofnt Paper nm Mfg d oT nv g ,Sss
w. M Cold Storage 5S......... 95 go,
Wash. Cons. Title 6S.......... IS 100
Evening star., 1929-11-15
Steel Scrap Prices Reduced.

NEW YORK, November IS R1.-
Heavy melting steel scrap at Pittsburgh
has been reduced Is cents ton to
$3.50 and SIT.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
JUDGE HAYES SERVES
NOTICE ON RUM RUNNERS

Winston-Salem, May 13.-'I am
going to work on this liquor business
from both ends and in the middle" !"
declared Judge johnson J. Hayes, in
United States court here today as he
gave further notice of continuance
of the federal governments war on
rum runners in this part of the
country.
Judge Hayes called attention to
the fact that the press, pulpit and
school have placed every violator of
the laws against transporting liquor
on guard.
"If men with families want 10
remain with their families and out
of the penitentiary they must re-
main away from automobiles hauling
liquor" said the jurist in pointing
out that rum runners afford mark
cts for the little blockaders and
keep them in business.
The "five-and-ten" law will soon
be invoked and rum runners, here
tofore getting off with from year
and a day to two years, will get SEN
tences in Atlanta penitentiary for
five years, and receive heavier fines,
the judge warned.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
Spainhours' Declare
Opening Successful

Perhaps the largest crowd ever
assembled in Boone for the opening
of a mercantile establishment was in
Boone last Friday and Saturday
when Spainhours', Incorporated,
opened the doors of their fine new
store in the Horton building and
were hosts to visitors from over this
entire section of the state. A num-
Der of young ladies of the town as
sisted the management in entertain
ing the visitors and desk was pro-
vided near the entrance, where the
guests were registered, after which
they were shown through the fine
establishment-the main floor, the
ready-to-wear department on the
mezzanine and then to the attractive
furniture department in the base
ment which is operated by the
Rhodes-Day Company. There, when
the tour of inspection was ended, re-
freshments were served and gem
eral good time enjoyed.
On the main floor extra sales peo-
pie were employed, including an ex-
pert shoe stylist, while three factory
representatives were with the furni-
ture department for the occasion.
The store was open until late at
night both days and Manager R. f..
McDade, from the records available,
deduces that scarcely less than two
thousand people came to inspect the
modern new store. They were two
red letter days in the history OF
Spainhours' and the management IS
delighted with the whole-hearted
spirit shown during the opening,
the attendance and the amount of
business transacted having been
beyond expectations.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
SENATE PASSES FARM RELIEF
BILL WITH DEBENTURE PLAN

Washington, May 14.-By vote
of 54 to 33 the senate late today
passed the farm relief bill, contain
ing the export debenture plan to
which President Hoover is unalter-
ably opposed.
Eight Republicans and one DEM
ocrat, who voted against the deben-
ture scheme last Wednesday, joined
the procession today of those who
were for the final passage of the
measure that provides half billion
dollars to set up stabilization cor
porations for the purpose of hand
ling crop surpluses and regulating
marketing. The bill now goes to
conference.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
WHAT WA. AUGA COUNTY OUGHT TO DO
is WHAT 1T CAN REASONABLY Do
By SMITH HAGAMAN, County Superintendent of Schools

We had last year 4,005 cows.
We ought to have 1000 more.
This would add $4,000 of
wealth in milk production. We
had 1905 other cattle. We ought
to have at least 4,605 more. This
would add S115,000 through the
sale of beef and stock cattle each
year. This is only 300 more than
we had seven years ago.
We had last year 9,914 sheep.
We ought to have had 10000.
This would add in sale of lambs
about $4,000, plus additional
wool, about S25,000.
This additional income from
cattle and sheep could easily be
100000 annually for the county.
This alone would put the county
in fine shape-fill the banks with
plenty of money with which to do
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
SCHOOL BUSES COST
COUNTY 6.1 CENTS MILE

Watauga county holds 82nd place
among the 100 counties of the state
in per pupil cost per mile of operat-
ing school buses, according to the
University News Letter. 1t cost
G.1 cent per mile to transport Wat
auga's 391 pupils to the consolidated
schools in the county. Forsyth,
Johnston, Sampson and Wilson coun-
ties all operate school buses at a
cost of A cent per pupil per mile,
while in Swain county the cost was
Ill cents.
North Carolina stands first among
the 4S states of the union in the
number of pupils transported, the
amount of money spent for pupil
transportation and the per pupil per
mile cost of transportation, accord
ing to the University publication.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
MR.. THOMAS SELLS FARM

The Bel Air Times OF BEL Are,
Md, has this to say of our friend
and former countyman, w. N.
Thomas, ESQ.,, who recently sold out
there and came to Mountain City,
Tenn, and located temporarily. This
only expresses the sentiment OF all
our peoplpe who knew and admired
the splendid citizen before his leav-
ing for Maryland several years ago:
"Tilley Bros. and Irwin and Gray
beal, real estate dealers, report the
sale of the 154-acre farm Of Mr..
William N. Thomas on the Como
wingo Road, near Hickory, known as
the "Old Grafton property to
Charles H. Harrell and W. M. Kin
zie of Patrick county, Va, for the
sum of $4,000, this price including
all stock and farming implements.
The purchaser will take possession
about October 1st.
"Mr. Thomas, since coming here
from the south, has developed this
farm into one of the best paying
agricultural propositions in the coun-
ty, and it is frequently pointed to as
one of the prize farms of Hartford,
and a deal of credit is due to Mr.
Thomas for bringing it up to its pres
ent shape. Mr.. Thomas is one OF
Harford's most prominent citizens
and probably no man in the com
munity has endeared himself to his
neighbors more than he for hi:
square dealing, unassuming manner
and for his interest in the commu
nifty. Some years ago he wa:
chosen by the Republican party a:
candidate for county commission
er, and although defeated, made {
most excellen race"
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
100 GRADUATED
FROM THE COLLEGE
Judge T. c. Bowie Delivers Annual
Literary Address to Largest Grad
uating Class in History of Normal;
Senior Play Aids Loan Fund

Marking the close of the 25th
year of the Appalachian State Nor
NAL College, Judge Thomas C..
Bowie of West jefferson delivered a
strong address at the commencement
exercises on last Friday when almost
100 students received diplomas-the
largest class in the history of the in
stitution. A few of those included
in this number were forced to aban-
don their school work on account of
illness and their diplomas will be
presented at the end of the summer
term.
The subject of the former jurist' S
address was Contribution of the
Hebrew Race" In a brief but i'm
pressive manner he reviewed the rise
and fall of the more powerful of the
ancient governments and the subse-
quent loss of their influence. He
attributed the loss of their power to
moral decadence, brought about by
heather religions, while the lasting
influence of the Hebrew nation was
cited as a result of the worship of
the true God. In closing he warned
his hearers against the danger of
those conditions which would tend to
bring about weakening of our gen.
eral moral fabric.
On Thursday evening preceding
the commencement the seniors pro-
vided the cast for a splendid play.
A large audience was present and a
goodly sum for the student loan fund
was realized from this, the only
event of the college year for which
an admission fee is charged.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
GRACE CHURCH
TO OPEN MAY 70
Dedication Festival of New Luther
an Edifice Here Will Continue
Throughout Week; Many Notable
Speakers on Program

Fellowship night, Monday, May
20, at s o'clock, will be the begin
ming of the dedication festival of the
members and friends of the Grace
Evangelical Lutheran church, cele-
brating the successful completion
and conservation of their new house
Of worship in Boone. Greetings will
be brought to the local congrega-
ton by the following neighboring
ministers. DR.. W. A. Deaton, Rev. P.
a. Hicks, Rev. c. H. Moser, Rev. L.
F. Kent and Rev. w. l.. Trivette.
Tuesday evening, DR.. J. F. Oil,
member of the board of inner mis-
sions is to speak, his subject being,
"The Duty of Praising God in Sa-
cred Song" DR.. Ohl comes from
Philadelphia. After the address
there is to be an organ concert, US
ing the new Moller organ that is be-
ing placed in the church. A repre-
sentative of the Moller Organ Com
in charge.
Wednesday, May %, at 8 p. m.,
Rev. H. w. Jeffcoat, former pastor
and organizer of the congregation,
will preach, and the subject for this
sermon is Pressing Forward for
Christ"
Thursday, May 23, DR.. Brent
Schaeffer. president of Lenoir-
Rhyme College, Hickory, will preach
on the theme, Belonging to Christ"
Friday, May "a, p. M, DR.. J. L.
Morgan, president of the United Lu-
theran Synod of North Carolina,
whose home is in Salisbury, will
preach, his subject being "a Grow
ing Church"
Saturday, May 25th 8 p. m., Mrs.
w. F. Morehead of Salem, Va, pres
ident of the Woman's Missionary So
ciety of the United Lutheran Church
in America, will deliver an address,
on the subject, Except the Lord
Build the House"
Sunday morning, May 26, at 1890
O'Clock, this pretty new church will
be dedicated. The sermon is to be
preached by the noted DR.. F. F. Fry,
secretary of home missions of the
United Lutheran Church in America,
his sermon theme being, What the
Church Stands For"
A treat is in store for all the peo-
pie of Boone and the surrounding
communities, and a hearty welcome
awaits every one, Each of the
speakers are most excellent, and the
public is especially invited to hear
every one Of them and to rejoice
with the congregation in the celebra-
ton of the completion of the new
church and the dedication of the
same.
Sunday evening after the dedica-
ton at s o'clock, Rev. N. D. Yount,
former pastor, is to preach on the
subject, "Jesus, the Church Mem
ber."
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16

business. Farmers could meet
their obligation and turn the bal
ance to the other side of the
ledger.
You say this is too high. Not
at all. This would be only getting
US back to what we were in cattle
production. Of course this will
be more sheep than we have had,
but not more than we ought to
have. We have plenty of feed
and grass to care for this num-
Der easily. In fact this is not a
matter of idle conjecture-it is an
absolute necessity as every man
knows who has studied county
wide conditions.
Perhaps you have not figured
just how much Watauga is spend
ing beyond it's income. The day of
settlement is beginning to appear
already.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
HARDWARE MEN WILL MEET
AT BLOWING ROCK IN JUNE

/ Lenoir, May 12.-James F. Nc
Gimpsey of Morganton, president OF
the Hardware Association of the
two Carolinas, and Arthur r. Cra'g,
of Charlotte, secretary, were in Le-
noir last night arranging final de-
tails for the annual convention OF
the hardware men, which will be
held in Blowing Rock June IL, II
and IS.
1t is expected that this will be one
of the largest meetings in the his
tory of the association, as upwards
of 800 members have signified their
intention of attending. The meeting
will be held at Mayview manor and
President McGimpsey will preside.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
Meeting of Civilians
Devoted to Business

Matters of routine business were
transacted at the monthly business
meeting of the Boone Civitan Club
which was held at the Daniel Boone
Hotel last Thursday evening.
A. E. South and Howard Mast
were elected delegates and J. B.
Steele and D. L. Wilcox alternates
to the International convention
which will be held in Atlanta June
11th and 18th.
G. P. Hagaman, D. J. Cottrell and
w. H. Gragg were appointed COM
mittee to confer with representatives
of the American Legion relative to
holding a Fourth of July celebration
here.
The meeting today is to be held in
the basement of the Methodist
church at 12:45.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
SOLDIERS STRIVE TO KEEP
ORDER AT ELIZABETHTON

Elizabethton, Tenn, May a.
There was indication of martial law
in Happy Valley tonight, as national
guardsmen and special officers re-
doubled their vigilance to prevent a
recurrence of today's disorders and
wholesale arrests of textile strikers.
More than 300 strikers were ar
rested today on charges of intimi-
dating employees returning to the two
rayon plants here. The arrests caus-
ed a near riot, several fights and
frequent use of sticks, clubs and
threatening bayonets by angered
strikers, 'loyal' workers and Off
GERS.
Bill Farr, special policeman, ar
rested $50 of the strikers this morn
ing after, he said, they stopped
buses filled with workers riding to
the plants. The crowd began shout
ing and threatening him and COM
pany of guardsmen rushed to his aid.
The Jail was too small to accom-
rrodate them and the strikers were
held in the Carter county court room
for two hours. They were released
by Attorney General Allen after he
warned them to leave other workers
alone and threatened them with re-
arrest if the disorders occurred
again.
Farr was charged with attempt to
commit murder by several of the
strikers. He was bound to the
grand jury and was in Jail tonight
on default of bond. The prosecution
said he violated the law by training
a gun upon the strikers.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
AMERICAN LEGION TO
MEET WITH AUXILIARY

A joint meeting of the American
Legion and Auxiliary will be held
tomorrow night at 8 o'clock in the
ball over the Central Tire Co. co.
The Boone Civitan Club is sending
committee at this time to assist
the Legionnaires in working out the
plans for the fourth of July celebra-
-tion. Refreshments are to be served
and Legion officials hope to have a
full attendance at this important ses-
sion.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
MISS MARcELLA COOK DEAD

Miss Marcella, 15-year-old daugh-
ter of Mr.. and Mrs. T. Len Cook,
died at her home here yesterday
morning at o'clock, following an
illness with pneumonia covering a
period of many days. Deceased was
one of the most popular young ladies
of the city and had wide circle of
friends who sorrow with her family
in the bereavement. Up to the time
The Democrat went to press no
funeral arrangements had been
made.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
LINVILLE GETS PARK MEET

According to information given
the Lenoir News-Topic by Mark
Squires, chairman of the North
Carolina park commission, Linville
has been selected for the meeting
place of the national conference on
parks for 1880. The meeting will
likely be held in May or June and
will be attended by probably 200
delegates, all of whom are we'll
known in park work, as well as by
prominent people in government af-
fairs.
Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1929-05-16
BREAK BETWEEN PRESIDENT
AN DBISHOP CANNON SEEN

Washington, May Is. - Bishop
James Cannon, Jr., particular anti
thesis of Governor Smith during the
last presidential campaign and chair
man of the board of temperance of
the Methodist Episcopal church,
south, is moving toward a break
with President Hoover. Washington,
or most of it, does not believe that
the president is going to name a
law enforcement commission that
will be satisfactory to Bishop Can
non and to other militant drys.
For example, it is not believed
that the president has any intention
of naming Mrs. Willebrandt nor that
he will include in the personnel of
the commission any person who has
been connected actively with wet or
dry organizations, just the course
favored by Bishop Cannon.
The bishop does not think so well
Of the proposal to have George w.
Wickersham serve on the commits
sion.
In view of press reports that Mr..
Wickersham would probably be ap-
pointed as member of the propos
ed law enforcement commission and
of the further fact that Mr.. Wicker
sham had expressed open criticism
of the Jones law in an address at
Williamsburg, Va, Bishop Cannon
was asked his opinion concerning
Mr.. Wickersham's appointment, and
also concerning the scope of the
work and the personnel of the pro-
posed commission. While the bishop
declined to make any specific COM
ment upon the proposed appointment
of-Mr. Wickersham, he did make the
following general statement:
81 am certainly in most hearty
agreement with the president, that
the administration of justice in our
country needs toning up, including
jury service and court procedure.
Furthermore, l think the president
threw into the scrap heap where it
properly belonged much loose and
blameless assertion when he declared
that the present day lawlessness is
not fairly attributable to the adop-
ton of the 18th amendment. Any
proper study of conditions will show
tha for he las 40 years here has
been a steady increase in general
lawlessness, arising largely from
lsxity in the administration of JUS
tice-court delay technicalities, con-
tinued appeals and new trials, and
especially the difficulty of securing
convictions.
"While in fullest sympathy with
the broader purpose of the presi-
dent to secure betterment in all the
activities of the department of JUS
tice, think that the country has un-
derstood that there will be special in
vestigation, consideration and rec
concentrations concerning the eff
cient enforcement of the 18th
amendment and the wisest course to
follow to secure the best results.
adhere to the view expressed in my
cablegram from Cairo that at least
one member of the commission
should be recognized as thoroughly
conversant with every phase of the
development of the prohibition
movement for the past 25 years.
also hold that some man or ability
who is recognized as an honest, OPP