davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
STOCKS IRREGULAR
At SHORT SESSION
Speculative Sentiment Con-
fused Over Credit Situa-
ton and Preparations.
BY STANLEY w. PRENOSIL,


NEW YORK, May 25.-Frequent
shifts Of speculative sentiment in to-
days stock market reflected the wide
spread uneasiness among professional
traders over the credit situation. Prices
opened irregular, turned abruptly down.
ward before the end of the first hour
and then made irregular recovery.
With the threat of higher Federal
Reserve rediscount rates hanging over
the market and a "cal money squeeze"
in prospect for next week. there was
little incentive for any general revival
of bullish activity On the other hand,
the drastic reaction in prices earlier in
the week and the development of q
heavy short interest also tended to
discourage major bear" operations.
The PREPARATIONS crisis Is q source OF
considerable encouragement to oper-
ators who have been hoping for higher
prices.
Selling pressure today was most ac-
tive in the copper and motor shares
New low records for the year were eS-
tabliShed by General Motors, Nash
Hupp. Greene Cananea Copper, Cerro
de PaSco and CRANKY. Packard Motors
which was widely tipped at the open
ing by several OF the large commission
houses, rallied nearly 3 points.
Sloss Sheffleld broke 434 points to
new low at 6014 in reflection OF the
omission Of the quarterly dividend
Canadian Pacific. Northern. Pacific
Newtown Steel Vanadium Steel and
Park d Tilford also sank to new low
levels. Commercial Solvents. American
Machine &, Foundry, Sparks withing-
ton (old), United Aircraft, Information
al Telephone and A. NJ. Byers broke
4 to points before they met effective
buying support. Radio dipped rs low
as 90 and then rallied to around 81.
Heavy buying of Commonwealth
Power, which ran up nearly 10 points
to a new high at 1872, checked the
decline in the last hour. Commercial
Investment Trust ran up a. points
American Power IL Light 3 and dozen
others q point or two.
The closing was irregular.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25

Gwilym A. Price,
trust onicer of the
Peoples Savings g.
Trust Co. OF Pitts
burgh, pictured the
common adva n
tages Of closer con-
facts b e t " e p n
bankers and life
/ n sur a n c e men,
cited the recent
tremendous growth
in the insurance
trust business and
predicted that the
next decade will
see an enormous
increase in the
amount of insur-
ance written to
c0ver hulin o g G
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
H. &. BOYCE PRESIDENT
OF MARYLAND BANKERS

Special Dispatch to The Star.
ATLANTIC CITY, May 25.-At their
annual convention here the Maryland
Bankers Association elected the follow
ing oficers for the coming year:
Hayward Il. Boyce, Baltimore. presi-
dent. succeeding Warren F. Sterling OF
Crisfeld, Md; Alexander Armstrong,
Hagerstown, first vice president; James
w. McElroy. Baltimore. secretary; Will
liam Marriott. Baltimore. treasurer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25

SOIIIc ICW OAASC vi
the street floor OF
the w a s h in gton
Hotel. The omce
is in charge of
Frank j. r. Thiel.
formerly Assistants
Treasurer OF the
United States, who
resigned that posi-
ton recently to
become dent
partn er in the
brokerage firm.
The new Offices
are up to date in
every way. Alter
atoms have been
going on in the
Washington Hotel
for uyeekS In nreoa
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
Sugar Melting Report.

NEW YORK. May 25.-The total
melt OF IA United States sugar refiners
from January l to May 1s was ass =
600 long tons, against 1855. 900 tons
from January / to May 10. 1928. De-
liveries were 100000 long tons, against
l,555,o0o tons in the 1928 period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25

Dividend rates a. given In the above table
iI the annuSl cash payments based ON tn.
o. Unit Of trading less than. 100 shSres
=, t 70 ny.s sxsrai Plus ~ In stock. Plus
. Paid this year.no regular rate. Psy.
abe abe IN Rh :1oce e.rS. illus 81 In stock Pay
ssoc !fo, Plus ioS Ia s.oet: = Plus issn 81 81
stoe se0e Plus ftiao" t sSs,. Plus 20 II
stock: N Payable iIIo share aaarteri, In
United Cigar otorss common stssS. \ pius
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
TERM SETTLEMENTS
OPPOSED BY SIMMONS
BY the Associated Press.

NEW YORK May 25.-Present meth
cd of making daily settlements against
stock market transactions is favored by
Stock Exchange against a shift to term
settlements. that Is a change to periodi-
cal adjustments. such as utilized in
London stock trading.
Mr.. Simmons took this stand in an
address, made last night In the course
of which he defended the exchange
against charges Of gambling. asserting
that there Is q vast difference between
gambling and specula ton. He based his
support Of the present method Of max
ing daily settlements, on the theory that
a change to fortnightly or other term
increase in speculation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
Electrical Equipment Orders.

NEW YORK. May Is Cp.-Electrical
World reports orders for electrical
equipment were more numerous in the
past week. with both power companies
and industrials In the market for
SunnliRS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
NJ. ]. MEEHAN CO.
OPENS D. c. OFFICE
Frank J. +. Thiel Is Resident
Partner in Brokerage
Branch Here.
ri EDWARD c. STONE.

Another New York Stock Exchange
brokerage house opened for business m
Washington today when M. j. Meehan
y Co. threw open its doors in . hand
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
VOLUME OF BUILDING
SHOWS SLIGHT INCREASE

BY the Associated Press.
A slight increase in the current vol
ume Of building enterprise over the
country is indicated by the weekly
Census Bureau report OF daily average
of contracts let for new construction.
The rate gained materially In the last
week over the previous week but was
still below last years record level. Fig
ures for the average daily total Of con.
tracts let follow:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
DEPICTS new MOVE
IN INSURANCE FIELD
G. A. Price Finds Contacts
With Banks Result in Rapid
Growth in Trusts.

In q most comprehensive address on
Life Insurance Trusts" before the
fiducaries section of the District Bankers
last night at the willard
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
NEW YORK STOCK EXCHANGE
by

Note--The New York Stock Exchange
is new operating on Eastern daylight
saving time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
GERMAN BONDS AND STOCKS,
DIRK, May IS Especially

W. W 1--WE, way % KDpVCIdIJ
Bid. Asked.
cts attached per 100 NJ $500 N m
Ger Govt Red Loan without
drawing Gifts per 600 NJ 2sOo 30 90
Quoted in dollars per million markSD
Hamburg 4t2s 1919 M a. IN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25

SILVER QUOTATIONS.
NEW YORK. May IS (P.-Bar sill
YER 5334; Mexican dollars, 403s
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-25
Record Attendance Present.

r. p. H. Siddons, chairman OF the
section, presided and the attendance
made a new record Harold d. Kraft,
new president of the District Life IN
derwriters' Association. brought greet
ings, as did Edward j. McQuade. sec
rotary of the District Bankers Associa :
ton. Earl d. KrewSon. chairman OF
the underwriters committee on trusts,
was a special guest.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
\. Y. COTTON

NEW YORK. June 26-Pl-Cot-
ton opened steady at an advance OF
4 70 5 points in response to fairly
steady cables and reports or rains.
Offerings were light. particularly of
July. while there seemed to be some
covering by July shorts which sent
the price M TO 1881 during early
trading. q 81 points net higher and
within As points Of October.
Later deliveries sold about 10 TO l.
points above yesterdays closing
quotations with December advance
inc to 1899. There was enough
realizing To check the upturn AZ
these prices. but the market was
steady and within 4 or 5 points Of
the best at the end OF the first half
hour.
Narrowing Of the july discount
seemed to bring in a little more
selling Of that position. while there
was also some selling Of the later
months on 4 favorable view Of the
weekly weather report. This eased
the market off from the high levels
Of the morning but trading was
comparatively light around midday
with prices ruling about 13 POINTS
net higher on July and 4 to 6
points net lower on the more active
new crop positions.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
COTTON GAINS
ON OPENINGS
Favorable Cables And Rains
Bring Early Price
Increase

NEW ORLEANS. June 26-Pl-
The cotton market opened higher in
response to relatively steadier ca
bles. Initial trades showed gains Of
l 20 2 points and the market adj
vanced further with reports Of
rains.
Under pressure of a good trace
demand. July advanced TO 1884.
October 1854. and December 1888.
or 2 to 8 points above yesterdays
close. AT the end OF the first houl
the market was steady and near the
highs.
A Mississippi report showing less
weevil infestation and a favorable
weekly weather and crop summary
induced a wave Of selling. July
traded down to 1912. October l8.43
and December 1864. or 10 to 81
points under the early highs.
At one time July and October
were practically parallel but Oc-
tober rallied 6 points toward mid
session. AT mid-session the market
was steady and fluctuated within
the early range.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
PICKING PRICE
SET CTS.
Cameron Farmers Fail To
Meet ST Figure Set by
Adjoining Counties

@E&AAA - a. a
Harrington. June 26.-Despite the
fact that Hidalgo and Willacy coun-
ty cotton farmers have agreed 10
pay pickers 81 per hundred pounds
at the first Of the season. Cameron
county growers will offer only IS
cents.
The pickers will be required to
supply their own sacks in both in
stances.
This decision was reached at a
meeting Of Cameron county growers
Of the staple held here Tuesday
evening. about $50 interested per-
sons being present.
p. r. Prickett presided over the
meeting and s. G.. Stringer was
secretary.
A few Of the farmers present ex-
pressed the belief that Cameron
county growers would encounted
difficulty in obtaining sufficient
nickers in face Of offers Of 81 per
hundred in adjoining counties. 9th
ers present said Cameron county
cotton would prove easier 10 pick
and that a plentiful supply OF labor
could be secured at the rs cents
price.
Belief that there are sufficient
pickers in the Valley at present was
expressed by speakers. but II was
decided 10 send cut a call for ad-
ditioral workers to other parts OF
the state In order to assure a force
large enough to gather the crop
promptly.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
Five Arrested In
Shaving OF Night
Club Proprietor

NEW YORK. June 26.-P-
Five persons. one Of them a young
woman. were arrested today as ma
terial witnesses IN the Staying Of
Frank NARROW. night club owner.
Police Commissioner Whalen an
nounced homicide indictments would
be sought against two unidentified
men.
The commissioner said detectives
had traced Mcr,cw's movements up
until As minutes OF the time when
he was found fatally wounded Mon
day night near a cemetery at Fish
ing.
Those arrested. all of whom we're
said 70 have spent the afternoon
and early evening in the company
Of the slain night club owner. were.
Johnny Wilson. former middle
weight boxing CHAMPION: Edward
M. Lewis, known as Boston Louie
q gambler. OF Boston: al Siegel. a
dancer Of Conev Island: Ignatius
COppa. proprietor OF a restaurant
where NARROW dined shortly before
his death. and Mary Seiden. Of
Coney Island.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
PLAN REFUND
BOND ISSUE
Cole Says Plan Would Near
Lowering of Present
Taxes

The re-financing program Coz
templated by the Brownsville city
commission. IL put through. will re-
suit in a lowered tax rate not n
exceed 81 on the 500 valuation
Mayor "A. B. Cole stated "Wednesday
morning.
AT present the city now owes
about $4,000. 900 In bonds end war;
rants whose maturities and rates Of
interests are scattered out. Thi-
condition results IN ragged peaks of
payments and the city commission
Is planning r. refunding bond issue
Of about 81 10000 70 relieve this con-
dition. the mayor stated.
The refunding issue would smo0-@
out the annual average payments
and extend maturities. under tine
plan. Warrants now drawing rates
Of interest as high as seven per
cent would be replaced by : IL pcr
cent bonds.
Commissioner j. q. Starck. VINO
keeps In close contact with the city's
financial standing. declares that
Brownsville is I'm the best financial
condition. all things considered. that
1t yer has been before.
The r-e-financing plan. however.
was viewed as highly necessary bv
both the mayor and Commissioner
Starck.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
Local Manager Of
Gravel Firm Tells
Of Petrified Find

Professors at the University OF
Texas and the University Of Chi
cago have evinced keen interest in
the discovery Of a petrified jaw Of
what Is believed to be a pre-his-
toric animal in the gravel pit Of
the Dinero Sand and Gravel COM
panv. % miles west If Beeviile.
The Jaw was two feet long and
10 inches wide. Two teeth mea-
sured II inches in length and four
inches in diameter.
II G. Gay. Brownsville. manager
Of the company. notified the cham
Der Of commerce here Of his find
and declared he would gladly per-
NIT paleontologists to e~vacuate in
that section Of the nit where the
specimen was unearthpd
Renlies from both schools indi-
Gated that a party may be sent here
soon.
The gravel company has offices
in Brownsville.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
French Ocean Pilots
Bride Guarded Upon
Arrival In Paris

HAVRE. France. June 26.-P-
Pauline Parker. now Madame Jean
Essolant. was welcomed 70 France
with an airDlane salute today VIII lie
her husband and his two comrades
Of the yellow Bird bent low and
kissed her hand.
Assolant's bride Of but a few
weeks was jealousy guarded by the
three airmen and their officer
friends and vert 20 2 Declair river
resort for lunch They probably
viii flv TO Paris.
Assolant and his comrades. Ar
memo Lott and Rene Lefevre, came
to Havre by car early this morn
ing. but some Of their friends flew
from the mil tarv airfield at lie
Bourget and a whole SQUADRON Il
planes tuned uD at the Bleville air
field near here.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
CANADA TO HAVE
NEW RUM

WINDSOR. Ont. June 26-Can-
adam Press)-Canadian customs re-
turns for the current month should
show a significant drop in the ex-
ports Of liquor from the Essex bor-
der docks. according to reports or
the United States authorities.
More than so boats Of all descrip-
tons are TO be IN service by July !.
II was reported. ranging in type
from launches for use i'm shallow
channels 10 the 70 foot speed boats.
carrying one pound guns.
The new rum chasing fleet Is n
be directed by radio from a secre,
headquarters down river. 1t said. Re-
ports are TO be submitted at regu-
lar intervals. day and night. from
both American and Canadian sides
Of the Detroit river. and the gov
eminent boats can get under way
in pursuit o. suspected craft ar
alarms are broadcast.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
Giant Seaplane Is
Prepared For Hunt
Of Lost Aviators

CARTAGENA. Spain. June 20
LPl-The giant four motored sea-
plane Numancia OF Major Ramon
Franco has been refitted and re-
fuelled for departure for the Azores
in quest OF the four missing Spanish
transatlantic aviators.
Army mechanics yesterday COM
pleted two DAYS work in changing
one Of its engines which gave the
missing aViators trouble while they
still considered using the plane on
their transatlantic venture.
Officials maintained absolute sec
recy as to their plans. It vas known
nevertheless that the flight was con-
sidered as possibly the most hopeful
Of the tremendous efforts being
made TO locate the missing aviators.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
THIRD EXTRA
SESSION LOOMS
House And Senate Split
On Gas Tax; Present
Meet Ends Tuesday

AUSTIN. June 26.-tF-After
hitting 1t off" together III good
style through more than three
weeks Of the second called SEES
sion. the two houses Of the 41st
legislature we're divided on appro-
prlations and a gasoline tax to the
extent Of forcing a third extraordi-
nary session to follow Immediately
after this one which expires Tues
day If something is not done to
case the situation.
Only heroic work will patch up
the differences and put the legis-
lative program in order to prevent
the governor from bringing the
legislature back. it was indicated
today.
The senate committee hsd pass
ed out a three cent gasoline tax.
and while agreement had been
reached On all money measures ex-
cept the educational appropriation
bill. there was strong fear the diff
ferences on this measure would re-
main unsettled. The senate bill
calls for s20.600.O00 and the house
for q little over SIS 600. 200. The
lesser sum will bring the total
appropriations for the biennium I'D
to IL not slightly in excess OF. the
available revenues.
However. the shadow Of a third
called session may scare the two
houses into agreement. because
there Is no demand on the part OF
the LEGISLATORS for another session
at this time.
The senate has vet n consider
and act on the house bill fixing
automobile registration fees. II
provides for = reduction Of 30 per
cent I'm passenger car fees.
Governor Moody Is particularly
snxious to provide adequately for
the hiqhTay denartr,ent's building
nrogram. and should the legisla-
tura pass a three cent gas tax ana
a 81 per cent reduction In reeistra-
ton fees he would likely consider
this As not producing ample reve-
nue..
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
PICK ELEVEN
ON DEATH JURY
Peace Officers In Laredo
Charged With Staying
NewsPaperman
(Snncial 70 The Herald

LAREDO. June 2s.-Eleven ju-
rors in the cases OF Thomas Her
nandez and Raymond y West, for
mer Laredo peace officers. charged
with the murder q IT1rry Williams,
Laredo newspaper reporter, had
been chosen at noon today from the
second venire Of 100 men after at
torneys yesterday almost had de-
SPARED Of trying the cas- here.
when only two Jurors were select
ed on the first day.
Williams body "a found in the
Rio Grande early this year almost
a month after he disappeared.
Two jurors we're chosen yester-
day from a panel Of go. and depu-
ties were ordered to have the addi-
tional 100 ready for court today.
The indictment. read in court
charged Hernandez and west with
choking Williams. hitting him on
the head and throwing him into the
river.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
STOCKS RESUME
GAIN RECOVERY
steels, Rails, Chemicals
Move Upward on Bull
Opening Wednesday

NEW YORK. June 26-Pl-Stock
orices resumed their recovery at the
opening Of today's market. Mis-
ouri-KanSas-TeXas opened with a
block Of is. 000 shares at 50. up / 5-6,
and u. S. Steel common opened
with a block Of $500 shares at
t55 I'd. up /. Allied Chemical ad-
vanced 2 l-2 points to a new high
at 3l9. Early gains Of / TO 2 ID
points also were recorded by An
aconda, Radio-Keith- OrpheIm. Co
lumbia Kraphophcne and Childs
20. Commercial Solvents dropped ?
points.
Establishment of new high levels
Tor the year yesterday by the pub
lie utility and railroad averages -
he face OF 10 per cent call money
rates had a bullish effect on speCu-
lstive sentiment.
Steel shares were again in the
forefront on predictions OF unusual
" large first half year earnings. U.
). Steel common crossed 1877. high
st price since the enlargement o.
capitalization. Crucible attained 2
new high al l03 and Vanadium and
Republic showed early gains of 4 and
; points. respectively.
Rails also were in brisk demand,
with buying influenced By the eX-
,ellent car loadings and current
earnings reports. AtchiSon. New
York Central and Union Pacific all
moved into new high grouncs.
Foreign exchanges opened steady.
with cables unchanged at 81 ~ 1852
The close was strong. Total sales
appropriated 100000 shares.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
Decision Expected
In Plans to Keep
Water OFF Airport

Definite decision in the plan to
keep water from surrounding lands
off the Brownsville municipal air
port IN accordance with the city's
contract with the Pan-American
Always Is expected to be reached
Within a few days.
Mavor "A. b. Cole and City Attor-
nev II. 3. Galbraith are comforting
Stsh Ha1er districts ac=.
The plan being worked out vas
recommended by Engineers a..
Tamm of Harrington. A. z. Ander-
son and v. l.. Conrad Of Browns
Vile.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
High Court Orders
New Trial in Case
Of Burglary Convict

AUSTIN. June 2s.-P-J. w.
Meyers. convicted In Dallas coun-
tv for robbery. assessed % years IN
the penitentiary. was granted a new
trial by the court OF criminal ap-
peais today.
II was alleged Meyers obtained
S2.470 from Howard. holding him up
with a pistol.
'eyers' defense was insanity. and
the court held that while the state
introduced witnesses who gave Il as
their opinion defendant was sane,
no CXE il testimony az offered on
this point.
The case Of Ralph Taylor. negro.
convicted In Jefferson county for
the murder Of NJ. Rhoades and
given life imprisonment. was re-
versed and remanded.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
WILL
DISCUSS

Discussion Of plans for participa-
t-cn in the Brownsville Fourth Of
July celebration and a membership
drive will be the chief items before
the local John Hanson post when It
meets at 3 p. m. Thursday. II has
been announced by w. r. Kiekel.
commander.
Fifteen new members will be
taken into the ranks of the Legion
naires at the meeting. Kiekel saws.
The body is planning an active
part IN the Fourth celebration.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
Customs Will Not
Ban Legal Amount
of Imported Meat

1T Is my opinion that were such
a law inaugurated. the next step
would 1, a retaliatory measure BY
fEeSico which would seriously affect
the volume OF sales Of Brownsville
merchants among citizens Of Mata-
moros and surrounding territory,
who buy many articles here.
AS for individuals bringing meat
across in small quantities and then
distributing the collected lot among
merchants here. that is another
problem for the city. If. as the
commission says. the meat should
be stopped as a health mesure, then
obviously something ought to done
about ID. but ii IL not a matter for
the customs service and It is impoS-
sibie for Us 20 do anything about
III" Nenle said.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
Goodrich Goes To
San Antonio Where
Son Is In Hospital

U. s. Commissioner +. X. Good
rich will leave tonight for San An
tonic where his son. George Good
rich will undergo an operation on
his leg. which was badly broken IN
an automobile crash near Rerrville
some weeks ago.
He had been in the hospital AT
herrville since the accident until p
teT days ago. when he was moved to
The Santa Rosa hospital at San An
tonic, where he will be operated
upon.
Mrs. Goodrich already Is at the
bedside Of her son. Judge Good
rich expects 70 return to Browns
vile Friday morning.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-26
Boscue Count Folk
Will Hold Fish Fry
At Olrnito July 2

Former Bosque county residents
N the Valley will gather at Lake
Olmito TUESDAY. July ? for the an
nusl al-day fish fry and picnic.
according TO announcement Of the
COMMITTEE in charge Wednesday.
This will be the sixth yearly pic
mic OF former Bosque county per-
sons. Last year more than 200 at
tended IT, affair.
The first picnic held six a
egn v"T attended hv IL
All VALLEY residents from Rosnue
ocnn.v ere invited % attend. the
committee announced.