davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20
B..NK CLEARINGS.

NEl YORK, April 10 Especially -
Bank learings, today, $4,000, 900; a
year o, $1,318,000,000. Bank balances,
today, sol 100000: year ago, $685.
100000. Federal Reserve credit bal
ances, today, $73,000,000; q year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20

before the senate
and House, but
with scarcely more
than a month be-
fore adjournment,
action seems I'M
likely.
When the law
m a ers finally
tackle the matter
1t will probably be
found to be almost
as difficult of set
Element as was the
tariff question.
Branch banking,
chain banking and
the group method
of financing will be
the chief points Of
discussion e &C h
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20
DIVIDEND VOTED.

The New Process Co. has declared
the regular quarterly dividend Of IA
Ger cent on the preferred stock, payable
Nay /, 1880. to stockholders Of record
April "a.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20
QUARTERLY DIVIDEND.

The Clipchfield Coal Corporation has
declared regular quarterly dividend az
f1:8 .pp, preferred stock. payable May
] to sock Of r. Ar ! ,.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20

It does not seem probable that there
will be any financial legislation Of i'm
portance before the first session Of the
next Congress. There are many bills
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20
SILVER QUOTATIONS.

NEW YORK. April 10 R.-Bar sil-
ver. 42h. d
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22
Preferred Stocks
BY GEORGE. 4. HUGHEs.
in preferred stocks Sy Mr.. HnsSesJ

(This Is the last OF the series Of studies
IN preferred stocks By Mr.. Hughes.)
In closing this series of articles on
preferred stocks It may be we'll to sum-
marize the advantages they have as in
vestments, advantages which bulk
larger in times Of business depression.
Judging from letters that / have re-
ceived from readers the claim Of the
preferred stock has not been fully ap-
preciated. When profits decrease and
the margin Of safety for the common
dividend falls OF sometimes to the ex-
tent of importing the disbursement
there can be no cutting of the income
to the preferred shareholders unless
and until the common stock dividend
has been entirely omitted.
Even II the preferred dividend Is
passed IN the case Of q cumulative stock
1t must be paid UP with all arrears be-
fore the common again receives any.
thing. Trade recovery then means q
restoration OF income to the preferred
before the common. Practically all of
the preferred issues discussed in this
series. however, have been so strongly
entrenched that there is no reasonable
prospect of q failure of the preferred
dividend whatever may happen to the
common.
When the preferred stock is Q
strictly high grade one its market price
varies inversely with the money rate.
That Is to say when interest rates de-
cline the prices of the best preferreds
advance. Interest rates are very low
now and seem likely to continue so for
sometime to come. This means that
there can be little or no market de-
probation in the value of a gilt-edge
preferred stock in years of industrial
Stagnation.
IN appraising the status Of q pre-
ferred stock, first choice should be given
to those issues having no capital liability
ahead Of them, or to those which have
and preferred dividends taken together,
to those issues which have long and
unbroken record Of dividend payments,
to those issues which cover their
dividend requirements by wide margin
and finally to those which are well
known to investors, the latter point
insuring o good market. Fortunately
there are many preferred stocks which
meet these tests. Purchase of such will
mean q moderate return on the invest
ment, but q safe return and q security
which can be readily turned into cash
when necessary.
(This concludes Mr.. Hughes series on
preferred stocks. In his next article he
will begin q series on public utilities,
discussing the principal operating and
holding companies and their capital
structure.)
(Mr. Hughes next article will appear
In The Evening Star next Monday
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22
STOCKS IRREGULAR
IN PROFIT TAKING
List Has Reactionary Tone
as Traders Realize on
Recent Purchases.
BY GEORGE I. HUGHES.

Special Dispatch TO The star.
NEW YORK, November 22.-Under
reduced volume and in slow trading,
today's week end stock market was .
mildly reactionary affair. It reflected
the realizing consequent upon the Ie-
cent To-day advance, interrupted by
only one session of declining quota
tons, and 1t acted true to form. It
would have been surprising If any
thing else had happened.
vailed from the start, there were ex-
ceptions to the trend. Mail order
stocks were strong, stimulated by more
favorable reports as to the earnings Of
Montgomery Ward. Both this stock
and Sears-Roebuck advanced while the
rest Of the list was sagging. Doubt
less both stu harbor q large short
interest.
Sugar Shares Strong.
Another point of relative strength
was In the sugar shares, issues thor
oughly debated, If any are. South
Porto Rico Sugar ran up point and
American Sugar Refining, on which the
regular quarterly dividend at an an
nual IS rate was declared the other
day, made . larger gain. Great West
ern Sugar common, now paying no
dividend, was bought on reports Of
some merger development. r. H. Shat
tuck responded to the declaration OF
an extra dividend of so cents, besides
the regular ascent payment, with O
moderate rise.
The rails, which had such sudden
squirt In the last half hour Friday,
quieted down and most of them sold
somewhat lower. Pennsylvania and
Union Pacific were of points or
more. The furry in the rails had been
aScribed to the action of the execu-
tives in asking for greater considera-
ton in the matter of rates and COM
petition with other forms of transpor-
tation, but 1t is believed that some
more important development Is pending
In that field.
Gulf, Mobile g. Northern continued
It's recovery on the story that the Bur-
lington was buying the property.
Setback Slight.
The setback in standard industrials
was unimportant, considering the ex-
tent Of the recent rally. u. 8. Steel,
General Motors, Westinghouse Electric
and other leaders were fractionally
lower, but there was no pressure,
nothing to indicate q resumption Of
and no real weakness. Cop
per stocks were heavy because of the
falling OF in buying in the metal mar
ket, but even here there was no signih-
cant loss
The market picked up q little more
activity on the down side toward the
close and final quotations were at or
near the lows Of the day. It looked as
though the bear party had plucked UP
courage to offer stocks in the hope Of
unsettling sentiment over the week end.
Volume was still small, however, and 1t
Is doubtful whether the maneuver had
much success. Everything considered,
stocks showed good resistance.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22
BUILDING CONTRACTS.
b. the Associated Press.

Building contracts executed last week
made q favorable comparison, both with
the previous period and with the cor
responding week Of last year. In the
totals that follow the daily average Is
given for comparable periods, based on
returns to the Department Of Com
merce, representing the area east Of
the Rocky Mountains.
Week ended November is, O,366, 600.
Previous week, $11,1s6, 900.
Same week last year, $10,754, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22

This theory rings true with respect
to last JUly's money movements with
the fullest depressing trade effects be-
ing seen IN October and early the cur
rent month. Commodity prices have
dumped during this period, from week
70 week. but the last statement Of the
Department Of Commerce. for the week
ended November IS, saw the move
ment temporarily checked, a. no
change from the previous week was re-
corded. The same Il substantially true
Of the stock market.
Net Improvement in morey clrculA-
ton since July should make itself felt
during the remainder Of the year,
these observers say, augmented BY an
exceptional increase Of sos, 000, 900 IN
money during the month of August.
November has shown large increase
in money circulation since 1921, and
every indication points to O continuance
OF the proportionate rise this month.
-0-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22
MONEY CIRCULATION
ABOVE LOW FIGURES
Total Is $s7, o0O,o 900 Higher Than
Sum Reported Last
July.
~ The Associated preas.

By the Associated Press.
Close students Of the money market
regard with great satisfaction and op-
timist the current statement OF money
In circulation which showed q decline
OF only $1,000, 900 for October from a
year ago, to an amount still 967, 900 900
above the record low mark reached last
July.
These observers declare there Is a
very definite business indicator in cir
culatton figures. and decided paral-
lei between monetary trends and trade
market tendencies. Past performances
indicate, these students say, that the
reactions do not occur simultaneously
but require usually about three months
to make themselves felt in trade circles.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22

Motor transportation In mail delivery
In Germany Is growing rapidly.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22

NcteAn stocks are sold In one hundred share lots
excepting those designated by the letter (oOs) (25Os)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22
GOLD SHIPMENTS.

NEW YORK. November AZ R.--A
shipment Of $3.155,000 In gold, con-
signed to the Chase National Bank, has
Southern Prince.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22

A few samples Of cotton bedspreads
for Spring have been received by New
York selliry agents and are being
shown to buyers. No ofhcial opening
win be made nor prices quoted until
late In December or after January i,
1t was said, but from present indica-
tons goods probably win be about 10
per cent cheaper than last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22
Business Notes
By the Associated Press.

BY the Associated Press.
NEW YORK, November 22.-For the
second week in succession retail turn
over fell below expectations. AS O re-
suit sales figures for the month are
expected to prove somewhat disap-
pointing, reports in the trade said. A
good deal of success was met with in
special promotions in q number of
stores, but as rule weather conditions
proved handicap to sales expansion
In many localities.
Abnormally mild weather, beginning
last week and continuing into the pres
ent week. slowed the anthracite trade
to such an extent that 1t viii take
cold snap lasting several days to bring
the market back to q healthy condi-
ton, Saward's Journal win say. Hand
to-mouth buying has been on the in
crease among coal consumers this year
and for this reason the buying is con-
centrated during spells Of cold weather.
To provide information as to the
effect upon health of styles and types
Of womens apparel, the Health Re-
search Bureau in the Women's Apparel
Industry, Inc, has been organized. In
formation, data and statistics win be
gathered by the bureau and passed on
to manufacturers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22
INSURANCE TOTAL
DROPS IN OCTOBER
New Policies Written In
Month Are 8 Per Cent
Below 1929 Figure.
DE- EDWARp 9. STONE.

New life insurance written in the
District of Columbia during October
was 9 per cent below the corresponding
month year ago. according to q re-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22
!. TREAguRY nALANcE.

Tlas' United states Treasury balance.
Elnvenabeg "a, ives elOS, ieA ,ADB. 10. GUS
16nB TecefDtE for thD month TO data
- 49,: gee Tstal erdinsry e.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22

The most popular forms Of amuse-
ment in Paris this year are circuSes,
skating Kinks and talkies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22

port received to-
day from Hartford,
Conn.
Virginia made q
better show wing
than Washington,
reporting q de-
crease Of only 5
per cent. w st
Virginia insurance
business was of 10
per cent and Mary
land, IS per cent.
N orth Carolina
was only 4 per
cent behind last
year, but 8 outh
Carolina reported q
loss OF Is per cent.
rKTf =. = q. - q. 4.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22

The first meeting Of the directors of
ne newly organized Southeastern In
dustrial Loan Corporation Of WASH
tn9ton took place this week at the
6nmuton Hotel. The officers are all
washington men, being Paul v. Rogers
president; Frank L. Bfrgfeld, vice presi-
0cnt, and Harry Donoghue, treasurer.
The company was Incorporated In
August Of this year. and plans TO enter
the small-loan field, making loans on
the Basis Of good character, salary or
wages. At the December meeting the
directors win decide on a local for the
ofnceEs. set the exact date for COM
mencing business, settle other sorns Of
pEoceoure and elect a finance COM
Imperial Valley press., 1930-09-23
| HOMER GAINES
HEADS CARD AT
ATHLETIC CLUB

Look who forms onc-half of the
main event at the Imperial Valley
Athletic club. Friday night.
None other than Homer Gaines.
Better not laugh fans, for Homer
! IS a changed man. The little black
! hoy who used to slap his way around
/ the ring here has found what he
/ looked for long timc-punch.
Believe it or not, as Mr.. Ripley
says, Homer has turned cut a sock
| ,r. Last week Homer fought Joe
Guerro, the Mexican champ, at Los
Angeles and had him on the floor
twice. He also beat Freddie Haw-
kins, and Hawkins beat Teddie Pal
acios. Homer also trounccd Rita
y 'Punay, and d 'Punay walloped
Wildcat Carter, so figure il ont for
yourself just what has happened to
Homer.
Today he is considered one Of the
livest Of the colored boys up around
los Angeles. and if he fights down
here as he has been on the coast the
last few months. folks are going to
have trouble believing it is the
same Homer from Imperial
But-and Harry Woodbury. says
the but is big one-Homer is up
against the fight of his life Friday
night. In the other corner Will be
Don Pritchard of Vancouver. b. c.
Anything You write about Prit-
ehard will not be strong enough =,
IS the way Woodbury. describes him
and Pritchard 5 record shows that
he is bad medicine. He recently
got draw with Palaeios and has
boxed Billy Townsend. Tod Morgan
and Wildcat Carter within the last
six months.
Pritehard is rated good enough to
put a stop to Homer's winning
streak. Lots of the fans have want
ed to see Homer get a shellacking
They wanted to see frankie Are
eon get it last week and some of
them missed out on il. The tip is
be on hand Friday night if YOU
want to see Homer up against a
tough hombre. a good fight is
guaranteed by Woodbury., with ev-
cry chance for Homer ending up on
the floor.
The balance of the card is: John
ME Blair against Johnnie Hill; Flor
encio Villa against Santiago Alta
dero and Pete Casus finally get
ting a chance at Joe Garcia.
Imperial Valley press., 1930-09-23
CENTRAL UNION
PREPARING FOR
OPENING GAME

When Coach Bob Armstrong of
the Central Union School puts his
griddcrs in the field for their first
game of the season against the Ju-
nior College eleven Saturday on the
local field, he will have team
that averages 100 pounds to the man
which is quite hcfty for high
school squad.
Not only are the footballcrs 4
powerful lot where weight is con
cerued, but in Scrimmagc against the
second team yesterday they showed
that they have taken Armstrong :
teachings seriously, and will be out
to give an exhibition of football that
should make the fans follow their
season S progress with interest.
In Gonzales and Fischer the coach
has couple of ends who look like
they might prove a real threat to
opposing teams. In yesterday S
scrimmage these two stood out like
Il sore thumb on the cook s right
hand, going down under punts and
performing on the defensive like
veterans of long standing.
The schedule for Central Union
High School to date includes only
the game with Junior College, a
game with San Diego, Glass b, Octo-
ber /, and another with Escondido
October II. A meeting will he held
soon at the local school to complete
the rest of the schedule. said Coach
Armstrong.
Through a short scrimmage that
looked for a while like real foot
ball game yesterday afternoon, the
coach had on his first team. Tackett
at center, Reams and Belch as
guards, Moore and Butler at the
tackle positions, Gonzales and Fisch-
er as ends. Wynne at quarterback.
jolly and Hammer at halfback, and
Imperial Valley press., 1930-09-23
Edgar Brothers
Team Forfeits

Edgar Bros. baseball team YES
terday forfeited TO the Golden State
Creamery nine when they failed to
appear for scheduled game at
Wilson school.
In place of the scheduled game an
impromptu contest was held when a
Imperial Valley press., 1930-09-23

picked team met the creamery out
fit and gave them to drubhing.
The game was marked by absence
of errors on both sides.
The Valley Steam Landry squad
will meet the league leading Stude-
bakers tonight III contest that is
expected to draw a large crowd.
Imperial Valley press., 1930-09-23

Edgar as fullback. This may be the
opening lineup in the game Satm-
day.
While tho grid candidates were en-
crossed with their scrimmagc yes
terdav, q number of photographs
were taken. These will later be
placed on display in the windows Of
the Shirer Drug company.
Imperial Valley press., 1930-09-23

Los ANGELES. Sept. %. UP
All the American Davis Cup PLAYERS
competing in the annual Pacific
southwest tennis tournament heg2
entered the third round today, n
though several met unexpected re
sistancc from second round oppon-
cnts.
George Lott of Chicago lost the
opening set Of his match with III,
bert Lewis OF Les Angeles, 81, ana
was forced to extend himself to cap
ture the next two, 60, o.. Lewis
Is coast intercollegiate doubles cham
pion.
Wilmer Allison, another Davis
player, lost the first set to DR.. Ger
aid Rartosh, Los Angeles, 81, but
played brilliantly to take the next
two, 81, 6-1. Berkeley Bell, the
Texas star, won easily from Ben
Dranga, Los Angeles, 81, 6-4
Gregory Mangin came from behind
TO defeat Allan Harrington, coast
luminary. 46, 60. G-4.
A feature match today will be
between John Van Ryn, New Jersey,
end Keith Gledhill, Santa Barbara,
Calf, national junior singles titlist.
Imperial Valley press., 1930-09-23

The great new agricultural build
ing on the county fair grounds at
Pomona has been decorated inter
iorly with Nenetian art work.
Imperial Valley press., 1930-09-23

Yesterdays Results
Chicago. 6; Boston, >.
St. Louis, Is; Philadelphia, Z.
Only games played.
Imperial Valley press., 1930-09-23

Large numbers of cattle and
sheep from Nevada, Utah and other
pats will soon be moved to Imper
in Valley for winter feeding.
Imperial Valley press., 1930-09-23

4 recent organization is the Me--
eed County Fig Growers Associa-
tion.
Dos PaIos, Merced County, has
shipped Goo cars of melons this sea
SON
Imperial Valley press., 1930-09-23

The state park commission is
considering an occan-front park at
San Clcmcntc, Orange County.
Imperial Valley press., 1930-09-23
! SPOR i S.
So. California
Sport Briefs

Los ANGELES. Sept. 23. U.P}-
The 1880 Southern California open
championship VIII be held at the
Aqua Caliente, Mexico, course Octo-
her to ). Secretary J. \. PatteT-
son Of the Los Angeles Professional
Golfers Association announced to-
day. \ $1,000 purse, with trophies
tor amateurs, has been put up.
Imperial Valley press., 1930-09-23

CHICAGO, Sept. %. U.R-Rogers
Hornsby, star second baseman of the
Chicago Cubs, will succeed Joe Ne
Carthy as manager, William Wrg
ley Jr.. owner of the Cubs, an
nounced today. Hornsby is return
ing with the Cubs from the disas-
trous road trip that cost them the
peDnant. and will confer with Wrig
ley on arrival regarding his new as
signmCnt.
Mccarthy, whom the Cubs took
from the Louisville team Of the Am
erican Association five years ago, Is
stepping out, perhaps into another
major league managership. because
he couldn I make Wrigley's dream
of the world 5 series championship
come true.
Imperial Valley press., 1930-09-23

1t is estimated 1;.at Orange
County's payroll III the bean harry
est will amount to $l20,000 the
crop covering 26,000 acres of Limas.
Imperial Valley press., 1930-09-23
BASEBALL
STANDINGS
AMERICAN LEAGUE
NATIONAL LEAGUE

Yesterdays Results
Open date.
Imperial Valley press., 1930-09-23
Sheiks Holding
Four Game Lead

SAN FRANCISCO, Sept. %. U.R
With Hollywood four and half
games ahead of its nearest compcti-
tor, Los Angeles, the final month of
the Pacific Coast baseball season
opened today.
The Sheiks meet Sacramento in
Los Angeles and the Angels play
Seattle on the latter's home grounds.
The Senators and San Francisco
start the series in a tie for third
place, having won six Of the seven
games PLAYED last week with Oak
land.
Oakland battles the Missions at
San Francisco and the Seals play
at Portland.
To September ], Riverside had
shipped 3,074 ears Of citrus fruits
this season, compared with 3,165 to
same date last year.
Imperial Valley press., 1930-09-23
Here And There
In Sport World

DENVER, Sept. 23. W.H-Gcorgc
Manley, Denver light heavyweight,
and Owen Phelps of Phoenix, Ariz.,
will meet here tonight at the Olym.
pic club in scheduled 10 round
bout.
CHICAGO, Sept. 23. W.D-Fifty
miles an hour--goal of outboard mo-
tor races--was exceeded for the
first time in history yesterday when
Nay Pregenzcrn, Dr., of Antioch,
H., set new world record of
jO.93 NJ. p. Ii. in the mile trials for
speed held by the National Out
foard Association at Fox Lake, Ill.
The previous record of 1912 m. =.
Ii. was established by Pregcnzcr ov-
or the same course in July.
FORT WORTH, Tex, Sept 23.(U.H
The Fort Worth Panthers, win
ners of the 1880 Texas League pen
nant today held the baseball cham
pionship OF the south. The Panthers
clinched the title yesterday by de-
fcating the Memphis Southern
League champions, l3 to =, in the
deciding game of the Dixie series.
Memphis won only one of the five
games played.
Imperial Valley press., 1930-09-23
ROGERS HORNSBY
NAMED TO LEAD
CHICAGO TEAM

CHICAGO. Sept. p. UP The
Chicago Tribune, IN a signed copy
righfcd article, today stated tna'
William Wrigley Jr., owner Of the
Chicago Cubs, had decided definitel.
to appoint Rogers Hornsbv manager
of the team for 1891. replacing Joe
Mccarthy, manager fer the last five
seasons.
The newspaper said Mccarthy ha.i
been informed that his contract
would not be renewed, hut that
Hornsby had not yet been told off
ciallv he was to bc elevated to the
position Of manager Of 4 major
LEAGUE bali club for the third time
during his career.
Wrigley intimated last night that
he was considering such plan when
hc declared that he was determined
his team should win world : cham
pionship and that if Mccarthy
couldn I lead them to it. he would
have to find someone who could.
Today the Tribune quoted Wrigley
as saying Mccarthy had been given
five years in which TO prove that the
Cubs were great team and that he
did not consider it unusual not to
engage him after that long stretch.
Wrigley 5 announcement confirm
sd rumors that have kept Cub fans
in fermcnt of excitement since
the team left on an eastern invasion
three weeks ago with the National
League penRant in their grasp and
ran into disaster in the form ef l3
defeats in % games.
Charley Grimm. captain and first
baseman OF the Cubs, also was mem
toned as Mccarthy 5 possible sue
cessor, but Hornsby, for whom the
Cubs paid the Boston Braves a SUM
eonservatively estimated at $780,
Q00, was regarded as an almost GER
tain choice. Wrigley 5 announce
ment confirmed popular beliefs.
Hornsby was with the Cubs on
train due to arrive from Boston this
afternoon and did not know that he
had been singled out for MeCar-
thy's Job. However, Cub officials
telt confident that they would come
to terms without difficulty and that
he would accept.
The death of Hal Carlson, veteran /
pitcher; HornsbY's bad heel and leg
injury, the enforced vacation of |
Riggs Stephenson, hard hitting out
fielder; an injury to Captain
Grimm, complete collapse OF his
pitching staff, including injuries TO
Charley Root and Sheriff Blake
those were some Of the setbacks
Mccarthy battled against.