davidaulloa/AmericanStories huggingface dataset:
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
2 GAMES ARE
ON TAP HERE
Double. Header at Fl. Brown
Forakers, Methodists
Play at Harlingen

Brownsville basketball fans will
get to see q double header on the
Fort Brown court beginning at z
p. m. Tuesday when the Model
Laundry takes on Rio Hondo and
the Brownsville Junior college plays
host to San Benito.
Other Brownsville teams. the high
school Eagles and the Fort Brown
cagers, play out Of the city. The
Soldiers travel to Sebastian for an
evening game, while the Eagles take
on FL Jardin in the afternoon.
The San Benito-Junior college
game Is likely to develop into a hot
scrap. The San Benitans showed
power in holding the Model Laundry
the only 1000 per cent Browns
Vile team-to a 24-22 score last
Friday. The Junior college had the
misfortune to draw to Harlingen
Methodists In their opening game:
Result-One game lost. The cole
gians have one OF the strongest clubs
in the lower bracket.
The Model Laundry should be able
to continue its winning ways at the
expense Of the Rio Hondo visitors.
The Cleaners should make the most
OF their opportunity. for next Fri
day they are scheduled to be meat
for the roaring Methodist Lions at
Harrington.
The most interesting game In the
lower bracket of the Valley ANA
teur Basketball league Tuesday Is
the one TO be played between the
Methodists and FQrakers at Har-
lingen. Both clubs are undefeated
and tonight's game Is for the un-
official city title. Forakers has prove
the highest scoring outfit in the
whole league so far, but the Metho-
dists are favored to win, neverthe-
less.
The chief tilt IN the upper brac-
ket will bring Edinburg and Ed
couch together at the latter city.
One of these ~undefeated clubs
likely Edcouch-will fall from the
select class.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
u N ~ n
PORTS CHATS
With Hal EuStdce
IN u ~ m

WITH the season two games old,
Jimmy Foraker's Clothiers OF Har-
lingen have proved themselves the
strongest point manufacturers In
the Valley Amateur Basketball lea
que. Lefty Deck and his comrades
have sent IS points through the
netted hoop as compared to 50 for
Edcouch, their nearest competitors.
The Clothiers piled up AZ points
against Rio Hondo in the opening
game Of the season 10 grab off a
big lead. This Is the highest score
yet made in the league.
FOLLOWING Is how the teams
stand in scoring: Forakers 65, Ed
couch So. Harrington Methodists 40.
Edinburg As, Model Laundry 45, Nc
Allen 43. Rio Hondo 40. Sebastian 80.
Brownsville Junior college 81, Mer-
cedes "a. San Benito SO. Donna 26,
PharT %, Fort Brown %, Progreso
10. Raymondville IA.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
Starting Blocks Use
Is Being Advocated

NEW YORK, Jan. l4-tP1- Re-
commendation that the use OF
starting blocks be approved for in
tercollegiate competition in 1881.
provided the International Amateur
Athletic Federation passes favor
ably on them. will be presented 70
the annual convention OF the in
t~ercollegiate a.. A. A. A. by the
executive committee.
AT a meeting yesterday. the COM
mittee decided on a proposed rule
change. TO be adopted in 1881 II
the international federation APP
proves the use OF starting blocks
in MAY.
The committee recommended the
elimination OF the hurdles In the
cross country championship race. on
grounds IL Is a sufficiently hard
test without them.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14

was last In team fielding. making
242 errors for an average OF .96l.
New York was third with a 81
average; Chicago fourth with $40,
and Washington and Cleveland tied
Tor fifth and sixth with 1858. BoS-
ton, with a .965 mark was seventh.
Only one player. Willie Kamm Of
the Chicago White Sox, retained
his fielding championship. Kamm
defended his third base post at a
.97s clip. accepting 49l chances and
making but IL errors in las games in
1928, he fielded .977.
Judge Wins
Joe Judge. Washington veteran,
led the first baseman. He played in
l42 games. made 1923 putoutS and
So assists and only six errors for an
average Of 900. Lew Fonseca OF
Cleveland New American league
batting champion. was second 70
Judge with a .995 average.
Charles Gehrlnger. Dctroits
youthful second baSeman. was the
best defensive player Of the year
around the Keystone station. He
had 4o4 putouts. sol assists and but
% errors in 154 games for a .975
mark. Gehringer also participated
in 90 double plays. John Hodapp Of
cleveland had an average Of .977,
but he competed in only 70 games.
ShortstopS were unusually med
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
SHUTE LEADS
PRIZE GOLFERS
Ohio Entrant Preparing For
His First Bow AS
Titleholder
BY PAUL ZIMMERMAN,
Associated Press Sports WRITER

LOS ANGELES, Jan. l4-P-
Densmore Shute, OhioTs young pro-
fessional golf champion, today was
knocking at the treasury door OF
the Los Angeles $4,000 open tour
nament.
Three strokes ahead OF the field
OF AZ other campaigners for first
place and $500 prize money. the
entrant from Columbus, with a
card OF 222 for 81 holes. looked TO
the final eighteen as an oppor-
tunity TO make his first bow as an
important titleholder.
Margin Not Safe
This margin, which he increased
In yesterdays play after going in
TO the lead Sunday, IA none too
safe. for in second position were
Horton Smith and Bobby Cruick-
shank with scores OF 225.
Five strokes back Of Shute came
three professionals, Tommy Armour,
Detroit, AL Espinosa. Chicago, and
Chef Beer, Bakersfield. Calf, all
within reach Of the lead with 227S.
Smith Best Fighter
II was Macdonald Smith, defend
ing champion, who staged the best
fight OF the day. He turned in a
par II, the second time perfect fig
ures were equalled or bettered in
the tourney. 10 boost himself 70 a
tie for ninth place with go.
Leo Diegel. national p. q. "A.
champion, finished in seventh place
after 81 holes of play. with 229.
still In the money. but almost be-
yond a chance TO take first. a
stroke behind him came Johnny
Rogers of Denver. whose sensation
al 20 on the opening day has not
been eclipsed.
TraiIers
Harry Cooper, winner of the first
Los Angeles open in 1926, was far
down the list with a 232. but even
farther behind came Johnny Far
rell, former open champion; Joe
Kirkwood, Tony Manero. Johnny
Golden. Abe FSpinoSa. Bill Mehl-
horn, and other veterans, with
scores ranging from 233 to ga.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14

NEW YORK-Al Singer, New
York, stopped George Day, New
Haven. Conn, CD.
PHILADELPHIA Vidal Gregg
rio. Spain. outpointed Eugene Huat,
France. d0l. Harry CKid) Brown
Philadelphia and CASTOR lie Cadre,
France. drew, d0). Emory Cabana,
Philadelphia. outpointed Dinto
Tempesti, Italy, d0).
CHICAGO-Bobby La Sale, Los
Angeles, outpointed Clyde Hull,
South Dakota. Cd. Harry Dublin
sky. Chicago, o~utpointed Ray Kiser,
Tulsa, Okla. CD. Paul Pantaleo,
Chicago. stopped Rocy Adams. Vail.
Ia. Cd.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
Nv JOSEPH w. WEAR

eleventh article by sports leaders
on 1880 prospects.
BY JOSEPH w. WEAR
Chairman Davis Cup Committee,
United States Lawn Tennis ASSN
PHILADELPHIA. Jan. 14-CR-
Despite the fact that William r.
Tilden and Francis II. Hunter, first
two ranking players in the United
States, will not be available for
the Davis cup competition this
year. We have implicit faith in the
younger group, which will be "on
its own" for the first time.
Tennis followers we're impressed
last year by the performances OF
Wilmer Allison and John Van Ryn
in winning the English doubles
the Davis cup doubles IN the chal-
lenge round at Paris.
Lott, Doeg Good
Equally impressive was the show
ing Of George NJ. Lott anx John II.
Doeg in capturing the United Sta
ties national doubles championship.
Several more young men have
their hearts set on earning places
on the 1880 Davis cup team, and,
If their 1929 records can be taken
as a criterion, they will be in the
running for the highest honors.
Fr.nch Strong
Much as we admire the skill and
the Will-tO-win OF our younger play
80 wa $500 80 - -l -
regard 70 the strength OF the
Frenchmen. III Rene Lacoste joins
Henry Cochet and Jean Borotra in
the defense OF the cup, our task
will assume colossal proportions.
With Lacoste and Cochet at their
best, we will have only an outside
chance OF coming through.
We also must not minimize the
strength Of England. Australia, and
japan. Germany, which met the
United States in T.. i~nter-Zone
finals last year. will be handicap
ped by the loss OF Hans Modem
hauer, whose untimely death IS re-
GREETED BY all tennis devotees.
Metal Under Fire
The triumphs OF Allison and Van
Ryn in Europe last summer, after
their discouraging start in their
workouts in Philadelphia. reveal
ed their potentialities. They show
ed their metal under fire. and II
Is because they proved their worth
under stress that we feel hopeful
OF success as we make preparation
for the start OF the 1880 Davis cup
drive.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
Ramblers Win Pair
From A. c. j. NJ. Boys

The Ramblers took a pair Of hotlv
contested games from the "A. @. D..
M. club recently by scores OF 1911
and 14-16.
The "A. G. j. M. boys have new
uniforms, but they did not seem 10
be a big help against the Ramblers.
The Ramblers are largely COM
posed of EagletS. Their lineup in
cludes Joe Cara. Joe Martinez. Ro-
dolfo Escobar, Cricket Guzman and
r. Escobar.
The two teams are scheduled To
meet next Surd~-.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14

THE amateurs VIII PROBABLY nave
to select another president In the
near future as w. l.. Pendergraft.
present prexy, Is scheduled to 60
back TO his old love-newspapering.
The red-headed one has been offer
ed a position with the Associated
Press az Dallas and will probably
accept. OF late, he has been con-
nected with the Brownsville Chant
Der Of Commerce and also has been
doing publicity work for the Pan
American Anyways, Inc.
VALLEY high schools with hopes
OF capturing the district tournament
had better keep their eyes on the
Edinburg cagers. These boys are
showing lots OF power III their SPIT
fy indoor gym. The rusty-heeled dirt
court cagers are having a hard time
competing with the Bobcats In their
fast gymnasium. Monday evening,
the Bobcats took the Pharr-San
Juan-Bears in camp by a $500
score. Capt. Rowan sunk 81 points
through the basket, while his run
ming mate. Young, contributed "a.
McAllen will have no runaway with
the Hidalgo county tournament this
year.
LITTLE is being heard Of the
Harrington high cagers, but II may be
taken for granted that they will be
heard from before the blackboard
rattle susides. Brownsville had bn
excellent chance to cop the county
tournament up until mid-term, but
oh. whatta headache. Almost every
one of Soc Plato's outstanding men
either saw fit 10 graduate, or 10
funk. Out or his first string lineup
Of last year, Coach Plato has one
man left. He is Dan Barnhart. Bob
BY O'Bryan. Malcolm Newman, Glen
Weller, and John Sylvester are no
more, 81 far as the Eagle squad is
concerned. Goat Longoria, a
speedy prospect, obtained a smear
Of "E's" and Is out. "Leche" Sylves-
ter and O'Bryan viii step rigtl into
the Junior college squad. Both will
likely make the team.
BOBBY CANNON OF Mission
isn't the only coach who wants to
see baseball brought back into the
high schools. Charles L. Du Bose.
Falfurrias coach, Il hot after some
real competition. He writes Sports
Chats as follows:
AS coach of baseball in the Fai-
furrias High School, I should like
TO submit for serious consideration
the following to every baseball
coach, school executive, and fan In
South Texas:
4. Baseball will be sponsored this
spring by the Interscholastic league.
?. Baseball Is especially desira-
bic in South Texas. where the eli
mate is generally mild and spring
comes early.
3. Baseball Is the best all-round
game for high school boys. because
it is on the whole a fairly mild ex-
ercise and can be played with little
expense.
4. Boys naturally like TO play base
ball; they will learn TO play the
game creditably II given a chance
under a good coach that likes the
game himself.
S. Good teams will be adequately
supported by the public.
8. Every school that will have a
team should get in touch with the
Interscholastic league at once.
y. F~alfurrlas expects to put It's
strongest team on the diamond this
season. ana extends an invitation to
good teams for series OF games.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
Edinburg Captain
Shoots 81 Points
(Special to The Herald)

EDINBURG. Jan. 14-Capt. Ro-
wan Of the Edinburg high school
Bobcat quint is believed 10 have set
a scoring record for the season with
the 81 points he nicked off the
Pharr cagers in leading his team 70
a $500 victory Monday night. Capt.
Rowan was closely followed by
Young. Bobcat forward, who sunk
81 points through the basket.
These two cagers were fed con-
sistently by their teammates and
most Of their shots were Of the short
variety. The Bobcats fast breaking
passing offense proved too much
for the Pharr-San Juan-Alamo
boys. The Bobcats are being given a
chance TO Gust McAllen as the lead.
ing Hidalgo county qulnt.
Mondays boxes follow:
EdinburC
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
TEXAN STRONG
In NET CIRCLES
Allison Expected to Show
Great Performance
During Year

Editors Note This II the
eleventh article by sports leaders
on 1880 prospects.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14

Detroit. Willie Kamm OF the White
Sox. completed a triple play by
pulling the hidden ball trick for the
third time in his major league ca
reer.
Cleveland. leader In double plays
in 1928 With 1877, rated in 1929 but
with a 162 total.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
DETROIT TEAM
FIELDING OFF
Winners Two Points Below
Yanks' All-Time
Record
BIZ PAUL NICHOLSON

Associated Press Sports Writer
y CHICAGO, Jan. 14@Pl- The
worlds champion Philadelphia ath-
letics and the st. Louis Browns had
the tightest defense Of all Ameri-
can league clubs in 1929, official
fielding averages disclosed today.
The athletics accepted 5.68f
chances and the Browns 5,97l. each
compiling a seasons average Of .975,
or three points higher than the lead
ing mark recorded by Washington
In 1928 and two points less than the
all-time major league record estab-
lished by the New York Yankees IN
1923.
/. Detroit Last
p Detroit, leader in team hitting,
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14

VALLEY AMATEURS

AMATEURS
Lower Bracket
Harlingen Methodists at For
akers.
San Benito at Brownsville Jun
Tor college.
Fort Brown at Sebastian.
Rio Hondo at Model Laundry.
Upper Bracket
Edinburg at Edccuch.
Progreso at Mercedes.
Pharr-San Juan-Alamo at Me-
Allen.
Raymondville at Donna.
HIGH SCHOOL
Brownsville at FL Jardin.
Rio Hondo at San Benito.
Wilson Tract at Santa Rosa.
MONDAY RESULT
Edinburg high 66. Pharr 20.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
It's toasted

sBe ModereA u. Donte opardhe hem modern form by drastic diets hrmhI reducing irhs fake redud
let's other quack" anift" remedies condmnedb the Medical prheSionM Million of doHnse each
wasted on h@en ridiculous sand dangerous oSIums Be SenstIe!B eModaniW do ntn representa- that
ing wx Strike Cgenesw will bring modern figures or cause thu reduction of AhW do dear tina
nmpnd to do yourself to WE'LL if yOuw will" Reach for aLuky"i ISL you will thus avoid ovemdu
in things that: cause eMs weight and by ayodng oveIndIgenam maintain a.modkrn.g graceful
TUNE H-neL Lucky Strike Dance orhua~ every saturday night rae oamsoeoamn swok ofhsN B
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-14
Stranger Wins

SEATTLE. Wash, Jan. 14-tF-
Ed Stranger" Lewis, today held
a victory over the flying tackle with
which Gus Sonnenberg deprived
him OF his world wrestling title.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-10
INVESTMENT TRUSTS

NEW YORK, July 10 lP.-Over-the-
market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-10
Washington Produce

Butter-one-pound prints, S7ha38la;
tub, 36a37.
Eggs-Hennery. 2Sa24; current re-
ceipts, 21a22.
Poultry, alive-Spring broiIers, large,
35a36: small and medium, 27a30; Leg
horns, large, 23a25; small, 22a23; fowls
22a23; Leghorn fowls. 15a17; ROSTERS,
l5a14. Dressed - Shipped in, iced
Spring broilers, large, 30a32; small
26a27; fowls, 24a25; small and medium
and Leghorns, 15a16.
Jobbers' prices, home housekeeping
broilers, large, 40a43; medium, 35a36;
small. 30a32; Leghorns, large, 29a3o:
small, 25a27; fowls, large, 28a3O: small
25a26; Leghorn fowls, 27a28 ROSTERS
lea19; ducks, 23a25; turkeys, 32a33.
Meats, fresh killed-Beef, 1921
veal, 15a18; lamb, Is; pork loins, 25a
20; fresh hams, 25 fresh shoulders
l8a2O; smoked hams. 27; smoked Shout
derS, 70; bacon, 81; lard, in packages
l3; in bulk, IL.
Live Stock-Calves, 10: lambs, 915.
NEUTRALITY-SUSPICIOUS., 35a1.00 canta-
loupes, jumboS, 3.25; standards. 800:
honeyballs, flats, 200; standards, 400;
oranges, 7.50a8.00; lemons, 4.75a5. so;
peaches, Hileys, 300a3.5O; Carmans
300; apples, l.00a2.00; plums, l.75a2. 25:
6lackberries, 500; alligator pears
6.00a6.50.
Observation-Disclosures, 2.75a3.0O; to.
matoes, 2-peck baskets, 2.75a3 90; okra
i.00a20 90; kale, 75a85; spinach, 100:
carrots, per 100 punches, 3.25a3. so
beets, per 100 punches. 2.O0a2 so; lima
beans, 100al.50; string beans, 1.OOa
$50: squash. 65a75: cucumbers, LISA
l,50; corn, 1.00al2
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-10
RAIL AND UTILITY
BONDS IMPROVING
Institution Buying Advances
Values of Prime Issues
on Listed Market.

NEW YORK, July 10.-Good improve
ment in the price of railroad and utility
issues continued to be made in bond
trading on the New York Stock Ex-
change today. The demand for prime
issues of carriers and utilities among
banks, insurance companies and other
institutions has been strong this week
and the f1rmness of the market has
been held in osme circle to indicatSe
that a definite upward movement, an
ticipated insce the era of easy money
has at last started. Offerings of some
of the legal and standard issues have
not been extensive, but have been
quickly taken at good levels. Secondary
issues which for sometime headed down.
ward have recently received attention
of buyers.
The trading today followed much the
same pattern established yesterday with
the greatest activity in railroad leins
and convertibles with firm to strong
tendencies being displayed AtchiSon
General As, Erie improvement SIS and
Southern Railway General is were
firm and moderately accumulated. A
large turnover took place in St. Louis
San Francisco 412s, a legal issue, at
the price established yesterday. Big
Four 412s made q new 1880 high with
a gain of more than one point. New
Haven 6s gained about the same.
Dealings in convertible rails were on
a par with yesterday. With Chicago
and Northwestern 434s, Rock Island
4l2s Baltimore g. Ohio 4i2s, moving
higher.
American Natural Gas Convertible
61as which sagged yesterday bounded
back points this morning to more
than recover its previous loss.
American Telephone SIS of '65, Brook
lyn Union Gas SIS. and Postal Tele-
graph SIS were the utility issues which
attracted attention and moved upward.
United States Governments were dull
and practically unchanged. Treasury
issues eased slightly. Foreign bonds
were quiet and firm.
There was large outpouring of
new offerings today. They included
S18.0OO,0O0 State of Arkansas 4A
bonds; $15,0O0,00O Reading Co. 51as;
S14, 931 900 Armstrong Cork Co. bonds
priced to yield 5.25 per cent and So
100000 Wisconsin Power g. Light Co.
SIS,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-10
Baltimore Markets

Special Dispatch to The star
BALTIMORE, July 10.-Poultry, alive
Chickens, Spring, pound, 25a35; Leg
horns, 18a25; old roosters, 13a15; old
hens, 20a25; Leghorns, 14a19; ducks,
l6a1S; guinea fowl, each, 40a75; pigeons,
pair, l5a25.
Eggs-Receipts, $500 cases; nearby
firsts, 2212; Southern f1rsts, 21k2,
Butter-Good to fancy creamery,
Is; process, 2sa29; store packed, 10.
Country Produce.
Potatoes, white, 100 pounds, 200a2 so
lew. barrel, 1.75a3.25. Asparagus, dozen
75a3.50. Beans, hampers, 40a75. Beets
100, 1.50a2.e0. Cabbage, hamper, 75a70
Carrots, 100, 3.00a4.00. Celery, crate
300a3.50. Corn, dozen, 10a20. Cucum-
bers. hampers, 40a75. Lima beans
bushel, 1.50a200. Lettuce, crate, 1.O0s
l.5O. Onions, bushel, 75a1.15; green
100, 75al IS. Peppers, crate, LOCAL rs
Peas, bushel, 1.75a3.O0. Spinach, bushel
Tomatoes, hamper, 15Oa1.75. Apples
hushel, 1.25a300. Blackberries, quart
lOal5. Cantaloupes. crate, 1.25a3 so
Cherries, pound, sa10. Oranges, box
3.75a9.O0. Peaches. crate, 1.50a2.50
Pineapples, crate, 300a4.00. Water
melons, 100, 2000a40.00.
Hay and Grain.
Wheat-No. 2 red Winter, export
July, 88l2: August delivery, 80.
Corn-No. 2 domestic, yellow, new
90a9l; cob corn, 400a425.
Rye-Nearby, 60a70.
Oats-White, No. 2, At; No. 3. 46.
Hay-ReceiptS, nine tons. The gen
eral hay market continues quiet undel
light receipts. mostly by truck, bu
ample for the demand, which Is limited
While not enough hay Is arriving or
which to establish values by grades OF
carload lots, the better grade of timoth!
and clover mixed are in fair demand
at range of 2000a25.00 per ton.
Live Stock Market.
Cattle-Receipts, 200 head; light sup
ply, market dull
Steers-Choice to prime, none; goot
to choice, 900 to 1000; medium to good
$50 to 9.25; fair to medium, 7.5O U
8.25; plain to fair. 6.75 to 7.25; common
to plain, 500 to $50.
Bulls-Good to prime, none; good =
choice, SIS to TOO; medium TO gooc
625; plain to fair, SIS TO SIS; com
| mon to plain. 500 to $50.
Cows-Choice to prime, none; goo.
| to choice, 500 to $50; medium to gooc
! 500 to 900; fair to medium. 400 3
500; plain to fair, 800 to 400; common
to plain, $50 to 500.
Heifers-Choice to prime. none: goo
to choice, 800 to $50; medium to gooc
TOO to 7.50; fair to medium, $50 :
| TOO; plain to fair, 500 to $50; common
to plain, $50 to 600.
Fresh cow and Springers-40 TO 30.
Sheenf9nd l"-,1~ Receipts 500 head
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-10
BROKERS COMPLAIN
OF QUIET SESSIONS.
Heavy 0verheadS of Dealers
Not Helped Greatly by
Inactive Trading.
BY JOHN F. SINCLAIR.

The New York Stock Exchange COM
plains of quiet sessions, with many L.
500 o00-share days recently, but its
transactions so far in 1880 total OF
SOL 900 600 shares-compares very ia
yorably with last years record up to the
same date, which was 564,0o0,Ooo
shares.
How many shares day must be
traded in for Stock Exchange members
to break even? On a turnover OF 400
shares or more, the brokerage charges
both ways average about 40 cents a
share. So on a 1900, 000-share day the
total brokerage is about 100000.
Is this enough for brokers to pay ex-
penses? There are at least l,lO0 active
New York Stock Exchange members.
OF these, many buy and sell Tor thelr
own account and pay nothing but trans
fer charges. Possibly 40 per cent OF the
$500, 900 is never paid out. If the bal
ance, say S360,000, is divided among
them, the average would be around $500
O day.
But MANY of these houses have very
heavy overheads, with expenses running
into several thousand dollars a DAY.
One firm, with Western connexions,
estimates that It must turn over IO'ooV
shares a day in order to break even.
Il should say it requires at least
. 600 oO0-share day on the Stock Elk
change for the members to break even,
said one broker yesterday.
That is why a 1850, 000-share day.
such as yesterday, is considered a Ia
bility" day by the vast majority OF New
York Stock Exchange members.
Bank stocks have declined in price
fully as much as the "blue chip" stocks.
some more. New York bank stocks
weld. on the average, about 3 per cent
annually, in contrast to 1.S per cent
average for nine of the leading, New
York stocks at the high peak OF 1929.
A bank stock carries O. double Liability
It, therefore, should earn the investor
more than an industrial or public utility
stock, which has no such. contingent rer
sponsibility. But seldom does it.
Let us take eight New York bank
stocks, and see what a share of each is
worth since the drop: