davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-15
What Fixes
Bond Prices
BY GEORGE T. HUGHES.
Dnusihilifiee of Draft

Another example Of the favor sb own
by investors to low coupon rate bonds
selling at q discount over higher coupon
rate bonds selling at . premium Is to
be found in the Missouri Kansas Texas
Railway list. This company has out
standing three series Of prior lien bonds
all secured by the same mortgage and
exactly the same as far as investment
rating goes. One of these Is q series
"A" S, anotnr series "B" and the third
series ID" IA. The first two mature
January /. 1862. and the last named
natures January !. 1878. The maturity
dates are so distant that for all practi-
cal purposes we may regard them as
affected by the same market influences.
In some phases of the investment
cycle short-term bonds are preferred
and in others it Is the long-term ones
that are wanted, but that factor does
not enter into this situation.
All these three bonds are listed and
actively dealt in on the New York Stock
Exchange. but the highest yield at the
market price Is to be had on the per
cent issue and the lowest yield on the
per cent bond, with the AZ per cent
one coming In between. The S per cent
sells at par or just above it, the other
two sell at discounts
Appreciation.
Besides the prejudice of individual
bond buyers against paying a premium
the market price Is affected by this
condition, namely, that there is more
opportunity for anDreciation in the
quotation of the lower coupon bond be-
fore 1t reaches the redemption price.
In this instance. the call price Of the
A1as and OF the SIS Is the same, los, but
the market Of the 4las Is 10 points away
from the call price, whereas that Of
the IS Is less than points away.
In the event of declining money
rates and an advancing bond market
there Is more possibility of profit in
holding the AZ per cent bond than In
the per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-15
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, Md, January IS
Poultry, alive-Turkeys, pound, 30a34;
old toms. 22a25; Spring chickens, 25a
90; Leghorns, 21a22; old hens, 20a27;
Leghcrns. 22a23; poor and thin, 17a18;
old ROSTERS, l7a1S; capons, 32a36:
ducks, 16a24; geese, 15a22; guinea
fowls, each, 40a5o; pigeons. pair. rs.
Eggs-Receipts, 1903 cases; native
and nearby. firsts, 45a451a: pullets. 40;
hennery whites, firsts, dozen, 46; culls
and dirty eggs. 25a30.
Butter-Good to fancy creamery,
pound, 33a3s; ladies, s0a31: store
packed, 20; rolls, 27a2s; press, sea37.
Potatoes-White, barrel, 1.50a4. 90 /;
100 pound sacks. l.75a2.75; sweet pota-
toes, barrel. 2.o0a3. 90; yams, barrel, 125
a2.25; beets. crate. 3.0Oa3.50: beans,
hamper, 2.5oa3.5Q; cabbage. hamper, 55a
65: carrots, 100, 2.00a400; cauliflower,
crate. 1.50a2.50; celery, crate, 1.50a2. rs;
eggplant. crate, 2.5Oa4.50; lettuce, crate,
3.50a5 rs; kale, barrel, 1.25a1. so; onions,
100 pounds, 1.75a2.00; parsnips, bas-
AcI, oudoo, peppers, CIdtSp o'oVdo'oUI
spinach. bushel, 60a90; squash, crate,
1.50a200 tomatoes, crate. l.50a5.75;
turnips, hamper. 20a30; apples. bushel,
75a2.75: cranberries, box, 3.00a4.75;
grapefruit, box. 2.50a5.00; oranges. box,
2.10a4.75; tangerines, box, l.25a2.50;
Strawberries, quart, 30a50.
Hay and Grain Prices.
Wheat-No red Winter. spot.
1861; No. 2 red Winter, garlicky spot,
1.25; January, las; No. garlicky, no
quotations.
Corn-No. 2 domestic, yellow, new,
los; cob corn, new, 4.60a470.
Oats-No. 2 white domestic, spot, SIS;
No. 3 white domestic, spot, 81.
Rye-Nearby, coal 90.
Hay-Receipts, none. Season for old
hay is about over. A little new crop Is
arriving, but hardly enough upon which
to establish quotations by grades.
Where in good order new hay sells at
from 14.O0a17.00 per ton, according to
its quality and condition.
Straw-Little demand for straw. Re-
ceipts generally ample. Wheat straw,
No. /, per ton, 9.00a10.00; cat straw
No. l, per ton, 9.00a10.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-15
BANK CLEARINGS,

NEW YORK. January Is especially -
New York bank clearing today. $1,24l,-
100000; a year ago, 81 1881 ,000, 900.
New York bank balances today, $751;
100000; year ago, sits, 900.
New York Federal Reserve credit bal
ances today, $l4s,000,o0o; q year ago
$151, 000, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-15
Western Maryland Railway.
BALTIMORE. Januarv is Is

BALTIMORE, January Is Especially
The new year opened auspiciously for
the Western Maryland Railway, figures
for the first week Of January indicated.
Estimated earnings were $311,714, an
increase of 0,552, or z per cent, COM
pared with the corresponding week in
1929.
Coal traffic made the largest contri-
button to the gain, the increase from
that source being $12.535. Earnings
from coal tonnage constituted more
than half of the total receipts for the
week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-15
TREASURY BALANCE.

The United States Treasury balance
announced today as Of close Of bust
ness January 10 was '$l12,602, 060.43.
Customs receipts for the month to
date were $l6,07l ,3I716. Total ordi-
aary expenditures. Sl5.079, 806.s2s
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-15
HEADS TRUST co.
Stone Reelected at Clarendon for
Ninth Term.

Frank r. Stone was reelected To
serve his ninth term as president OF
the Clarendon Trust Co. at the annual
meeting held in the bank building ut
Clarendon last night. other on1cers
elected were: DR.. Richard N. Sutton
chairman of the board; Clyde C. La
mond. first vice president; Conrad c.
Smith, second vice president; Thomas
z. Sebrell, jr., secretary-treasurer; E. III
Piggott, assistant treasurer, and Charles
T. Jesse, general counsel
Members of the board of directors
are C. D. Boyer. w. r. Boyer, William
A. Coates, Thomas j. Crack, John G.
Dudley, S. Herzog, Charles T. Jesse
Ashton c. Jones, Clyde c. Lamond
Arthur C. McMillen, J. Thomas Man
ming, F. J. Massey. DR.. j. e. Mitchell
Arthur j. Porter, Thomas e. Sebrell, IT,;
Conrad C. Smith, Frank T. Stone, Rich.
ard N. Sutton, DR.. w. G. Welburn and
s. Groome Eareckson.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-15

1880 AM...... 257.5O0 1900 Noon /, 100
1880 PM...... 1,666.7OO 2:1O P.M......1 ,949. 700
Dividend annual
based on the latest half yearly
4 stock Plus 90 stock Paid last
stock Plus 1915 stock Plus Sc stock. Plus
n Plus SHin stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-15

Westinghouse Electric L. Manufactur-
ing sells fuse business to McGraw Elec-
trio Co.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
SbIen lid Woman Has
06th Birthday Party
Mrs. L. e. Tubbs, Formerly of
This City, Hale and Hearty in
California Home

Dec. IA, 1880, Mrs. Luther E.
Tubbs, celebrated the 96th anniver-
sary of her birthday at her home in
Los Angeles, Cal. She was the
guest of honor at a largely attended
reception for her, attended by many
old friends, former residents Of this
city. A birthday cake containing SO
lighted candles had been prepared
and Mrs. Tubbs cut the first piece.
Mrs. Tubbs is the only surviving
charter member of the Congrega-
tional church, of this city. The con-
gregation sent her a telegram Of
congratulation.
Monday of this week DR.. and
Mrs. J. A. Dubois, of this city, re-
ceived a Christmas greeting from
this most excellent lady. The letter
was written in her own hand end.
was remarkably legible. She stated
that she was enjoying excellent
health and admonished DR.. and
Mrs. Dubois that she expected them
to be in Los Angeles and celebrate
her Tooth birthday anniversary four
years hence.
Among the guests were the fol-
lowing former Sank Centre resi-
dents:
Mr.. Lucas Kells, Miss Blanche
Kells, Mrs. John Perkins and Miss
Janet Perkins, Mrs. Della Bishop
Mullen, Mrs. Josie Capser Reylick,
Rev. L. L. Mitchell, Mr.. and Mrs.
Sherman Strong and Robert Strong,
Miss Grace Reylick.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
Lawyers Lead in State
Delegation in Congress
Farmers Judges, Statesmen Lee
turers and Newspapermen
Also Listed

One farmer one judge, one sales
man, one lecturer one professor
two newspapermen. three lawyers.
That is the occupational lineup
OF Minnesota's delegation in the
national house of representatives,
all reelected at the general election.
Victor Chrisgau, Austin the First
district, is the farmer. He is a
graduate of the University of Min
nesota Agricultural College and
with his brother operates a large
farm, specializing in livestock.
The judge is Frank Clague, Red
woodwood Falls, Second district,
who after being a lawyer, county
attorney, state representative and
state senator, was elected to the
district court bench in 1927, but be-
came congressman two years
later.
Melvin ]. Mass, st. Paul, Fourth
district, is the salesman. He is al
so a licensed aviator and even a
glider pilot at times.
w. Nolan, Minneapolis, Fifth dis
trict, former lieutenant COVER
nor, is the lecturer. For years he
appeared on chautauqua and ly-
ceum platforms and he was a
well-known humorist, who spoke
at one thine or another in nearly
every state.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
Mrs. Esther Morrison

Mrs. Esther Morrison, resident
of Sank Centre for approximately
forty years, passed away at the
home of Mrs. Korf Thursday, Dec.
18, 1880, after an extended illness
which had kept her belfast for four
weeks prior to her death. She was
"a years and four months of age,
born in Wisconsin.
The funeral was held from the
Methodist church. Sank Centre, Sat
urday morning at 1000 conducted
by the pastor, Rev. Butler. The
Sunshine Society furnished beauti-
full flowers. Music was furnished by
the Key Brothers.
j. H. Morrison, husband of the
deceased, passed away IA years ago.
She was laid to rest beside him in
Oakland cemetery, east of the CITY.
The Pallbearers were: Lee John
son, Ronald Stewart, Fay Huston
and Mr.. Dwyer.
There were no children born to
Mr.. and Mrs. Morrison. She is sur
vived by two brothers: Perry Stew
art, residing on the old home farm
near Stewards bridge, southeast of
the city; Isaac Stewart, of North
Dakota. The two living sisters are:
Mrs. Sam Randall and Mrs. Angie
Johnson, both Of this city.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
6,946.59 6,891.25

The total mileage of paved and I'M
paved road graded to standard cross
section 26 feet wide or wider was
1878 in 1928 and 4,405 in 1880, an
increase of SGT miles. The mileage
listed in the table as earth,
standard grade" is on routes this
year which will either be paved or
graveled as soon as weather per-
mits in the spring.
"The year just closing has been
the tenth year since the trunk high
way plan went into effect, Mr..
Babcock said. "The roads taken in
to the state system in the spring
of 1921 had only 1859 miles graded.
scarcely any of this to present day
standards, and only 1873 miles paw
ed. 1--WE had to concentrate much
of our effort on grading, and prac-
tically all of the mileage now list
ed as standard grade has been built
in these ten years. Paving during
the ten year period has been at an
average rate of 125 miles a year al
though we built 1856 miles in 1880.
with substantial part of the
grading completed, we shall be able
to devote larger portion of our
funds to paving, and without any
increase of funds we have made
plans for PAT miles to be built in
1882. But even at this increased
rate it will take twenty-five years
more to pave the entire system, and
ten years to pave the routes where
present day traffic justifies immed-
late paving"
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
CIVIL WAR VETERAN
BURIED SATURDAY.
Remains of Ross Shaw Ar
rived Friday Evening Ac-
cOmpanied by Daughter
MRS. ESTHER MORRISON
Passed Away Dec. 1S-Resi-
dent of Sank Centre
Forty Years
Ross Shaw

Ross Shaw, brief mention of
whose death at Los Angeles, Cal,
was made in the Herald of last
week, was buried from the Metho-
dist church in this city Saturday,
Dec. 90 1880, at 200 P. M. <
Mr.. Shaw was very well known
in Sank Centre, Westport and Viii
lard. He was born in Somerset, N.
j., Sept. Ii, 1888. He grew to young
manhood in his native state, mi
grating to Illinois in 1858. He en-
listed as a private with an Illinois
company in 1861, serving through
the entire Civil War. He moved to
Minnesota from Illinois in 1872 TAX
ing up homestead in Pope county.
In 1889 he purchased a farm near
the village of Westport where he
resided until 1909 at which time he
purchased a home in this city and
became a resident of Sank Centre
where he resided until several years
after the death of his wife.
In 1921 Mr.. Shaw disposed of his
property in this city and entered
IIiC 4hlIlACSOId oOiolC1 Mill
neapolis, where he remained until
1927 when he was transferred to the
National Soldiers Home, Los An
geles, CAL, where he resided until
he passed away, Dec. II, 1880.
Miss Mildred Shaw, the only
daughter of the deceased, accom-
panied the remains to this city, ar.
irving Friday evening. For many
years Mr.. Shaw was an active men,
Der of the B. r. Palmer Post, G. A..
r., of Sank Centre. He was also
a member of the Methodist church.
The funeral services were con-
Quoted by Rev. Butler, pastor Of
the M. E. church. The remains
were laid to rest in Lake Amelia
cemetery, near Willard. The firing
squad of Robert Swift Post, Amer.
lean Legion, of this city, paid the
last homage to this worthy Civil
War Veteran at his grave.
Miss Mildred Shaw has been sew
eral days visiting old friends in this
city. She will leave Christmas Eve
for Minneapolis where she will
spend a day or two before return
ing to her home in Los Angeles, ar
irving in time to resume her duties
Jan. I, 1881.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
Official. Faithful for
Twelve Years, Fired
Peter Scow, Long Prairie, Removed
to Make Place for Young
Woman

For a dozen years Peter o. Scow,
formerly Clerk Of Court Of Todd
county has served as deputy Su-
preme Court Clerk. Two weeks ago
he was summarily dismissed by
Chief Justice Sam Wilson "for the
good of the service" On being
pressed for his reason for discharg-
ing Mr.. Scow, Mr.. Wilson thought
"he was getting too old"
It has developed that Peter was
dismissed to make room for a young
lady who has been Justice Wilson's
private stenographer for a number
of years. The young lady halls
from Mr.. Wilson's home town,
Mankato.
Probably there wasn't a better
qualified man in the state for the
particular job he was doing than
Pete Scow. He was Clerk of the
District Court of Todd county for
many years before entering the Su-
preme Court office in st. PAU. He
is deservedly highly thought of in
his home community, Long Prai-
RE. Lawyers who have had occas-
sion to do business in the office
state Mr.. Scow is one of the most
obliging and efficient officers ever
holding the place.
This clerkship pays the tidy sal.
airy of So 500 per year, which quite
naturally is more lucrative than the
position of a mere stenographer.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
Sauk Centre Tictors
in Indoor GoTTonrmey
Hole Match Sunday-Local
Teams Organizing

Manager Harrison, of the Deluxe
Indoor Golf course over Bishop
Cos. store is developing tourna-
ment play among the business
houses of the city, Ten teams have
been organized already and it Is
expected that at least more will
be organized.
Sunday the six men with the
lowest score for the week met six
players each from Alexandria and
Glenwood in a 36-hole match. Sank
Centre won first place with 563 for
10 holes; Glenwood was second with
$40 and Alex third with $50. It is
understood these tournaments will
be weekly affairs and the six low.
est for the week on the Sank Centre
course will go to the neighboring
cities.
The following are the individual
scores in Sundays tournament:
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
Exodus From Farm to- the
City is Nearing Peak
Last Census Shows 80 Counties In
State Decrease in POpula-
ton

st. Paul Dec. 22-The exodus
from the farm to the city is reach
ing its peak, according to figures
complied for the northwest by the
United States census bureau.
The trend that first became no
ticeable in the 1920 census is still
more evident from the recent count
throughout the country.
In 1920 only nine counties in Min
nesota showed decrease in popu-
lation. The 1880 census showed 38
counties with less population than
in 1920. All Of the counties showing
losses are those of greater rural
population.
In the two counties containing
major cities the population showed
a substantial percentage gain over
the previous census
Strangely enough, however, the
number of farms in the northwest
have increased. With the eastern
boundary of Minnesota as a line of
demarcation, the map show all the
states west of that line as expert
encing increases in the number Of
farms.
But at the same time paradoxical
as it may seem, urban centers in
these states have been increased in
size by an influx from the country.
The explanation is probably due
to INFLAMMATION of the agricultu-
raj industry, farm observers have
pointed out.
The count in eastern states where
the move to industrial centers has
been more pronounced reduced the
national total of farmers to 6,297, S77
which is approximately 100000
fewer than in 1920.
In North Dakota the total gain
in population was 5.5 per cent,
while the three principal cities Of
the state showed gains of from 80
to 81 per cent, conclusive evidence
that the trend was cityward.
There were Is counties in North
Dakota that showed losses of popu-
lation, while the others, most Of
them rural showed gains.
A belt of central and northwest
counties in the state showed sub
stantial gains.
The largest drop in population
was in Beltrami county in Mime
sofa, where the census bureau re-
ported a 23.5 per cent loss since
1920 Beltrami showed one of the
highest gains in 1920 with a 40 per
cent increase over 1910.
The highest gain in the state was
shown in Hennepin county with
24.6 per cent. This corresponds with
Minneapolis gain of more than %
per cent.
Generally speaking, counties in
the north half Of the state have
shown losses in population, even st.
Louis county with Duluth of 100
900 population. Southern counties
have maintained their average and
in most instances shown a gain.
Some counties in the Red River
valley have also shown gains in
population.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
STEARNS LEADS IN
BUTTER OUTPUT
14,727,3S3 Pounds Manufac-
tured in 1929; Price 43.12c
Per Pound
VALUED AT $6,66O,O61
State Commissioner of Agri-
culture HOlmberg Com
piles Statistics

st. Paul, Dec. S-Stearns county
took the lead in Minnesota in 1929
as the largest producer of butter,
it's creameries turning out a total
of 14,729,3 1888 pounds of butter for
which $6,660,O61.43 was received.
Ramsey county was second, Hen
nepin third, Otter Tail, fourth, and
Douglas, fifth, in production, &C
cording to a compilation announc-
ed today by NJ J. Holmberg, state
commissioner of agriculture, based
on reports of creameries covering
business last year.
I For the state, production was
286, 613,346 pounds, for which $125,
GIL 10000 was received. A total of
233, 1880 pounds of butterfat were
required for this production and
creamery patrons were paid $114,-
548, 5000, or an average of 1927
cents a pound. The average price
received for butter per pound was
IA cents.
Forty-eight counties in the state
produced butter in quantities
which brought the income of their
creameries in excess of $1,000, 900
for the year, the report shows indi-
eating how thoroughly the industry
is spread over the state. The lar
gest increases in production in re-
cent years have been in the upper
half of the state, production in
some counties showing heavy in
crease in the last decade.
Production in terms of pounds of
butter and the amount received for
it in each county of the state for
1929 follows:
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
ReD; )emeH foLeave
for Red WingSoon

Rev. Earle B. Jewell is
rapidly closing his pastorate
as rector of the Good Samar-
itan Episcopal church, of
this city. He will preach his
final message to his congre-
cation Sunday morning, Tues
day of next week. Rev. and
Mrs. Jewell and two sons will
go to Red Wing where the
gentleman will assume the
rectorship Of Christ's church.
one of the largest Episcopal
congregations in Minnesota.
In the two and more years.
Rev. Jewell has been resi-
dent Of Sank Centre he has
been a splendid citizen and
has many friends outside Of
his congregation.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
Resident of This City for
50 Years Died in Montana
John Moore, Aged IS, Moved to
Missoula About Twelve
Years Ago

The following taken from recent
issue of a Missoula, Mont, news
paper will be of particular interes
to many Of the earlier residents O.
Sank Centre and community.
John Moore, IS, died. Thurs
day morning at the home Of his
daughter, Mrs Anna Backer,
I'LL South Fourth street, west.
Mr.. Moore had been resident
of the city for the past IA years.
His death followed a protracted
illness during which he was
belfast for about year.
Survivors are Mrs. Anna
Backer, and Miss Margaret
Moore of Missoula, daughters
and three sons, Nicholas Moore
of Vancouver, Charles Moore
Of Seattle and George Moore Of
North Dakota.
Funeral services will be held
from the Merrill chapel Satur-
day morning. The services will
be held in the st. Anthony's
church where requiem high
mass will be said at 10 o'clock.
A letter received by the Herald
from the daughter, Mrs. Backer
stated that her father left this com.
for the west about IL years
ago. He was resident Of Sank
Centre and community for over &c
years. Besides the immediate fam.
ly mentioned above there are six
grandchildren, John and Catherine
Backer; John, Alma, Ethel and
Jean Moore. There is a sister resid-
ing in California and brother liv-
ing in Canada.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25
Interesting Christmas
Programs Dec. 26th
Congregation of Gospel Tabernacle
to Celebrate at Their Church at
500 p. M.

The Gospel Tabernacle congrega-
ton have arranged very interest
ing program to be presented at
their church on Second street, Fri.
day evening, Dec, 2, at 500
o'clock. The program follows:
when We Reach that Glory
Land" ------------...-.-..----- Orchestra
Welcome" -...----. Cradle Roll
Silent Night" $1,000. Vocal Quartet
Vocal Solo -------..-..---.--..---. Violin Acc.
Reading-"Wise Men and the Star"
mo Room in the Inn" Vocal Solo
Reading The Early Life of the
King"
Room. for Jesus" --- Vocal Trio
"Alone" . Violin and Saw Duet
Joy to the World" Congregation
Trombone Duet.
Scatter Sunshine" $1,000 Vocal Trio
Trombone Solo.
Quartet.
Violin and Saw Duet.
Vocal Solo ----------------------- Swedish
Vocal Duet.
Piano Solo.
Closing remarks by the pastor.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25

After an engagement of AZ years,
Mr. and Mrs. Joe Avis Of Oroville,
Calf, are at last happily married.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25

Frank Sipes, a youth convicted
of petty larceny at New Hope. Va.
preferred a years church attend
ance to a term in jail.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1930-12-25

When Albert Waugh, village
blacksmith of Marked Tree, Ark,
has to leave his shop to collect bad
accounts he charges his customers
at the rate Of 81 an hour.