davidaulloa/AmericanStories huggingface dataset:
Evening star., 1930-06-12
BY CHARLES F. sPEARE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, June 12.-In its pres
ent cynical mood Wall Street is in
clined to give ear to every bit of gossip
that floats through the financial dis
trict and to listen to those who profess
sionally attempt to make capital out
of the miSfortunes of the stock market.
Effort is being made by these interests.
through rumor and suggestion and by
comparison with conditions last Autumn,
to unsettle prices.
Against this is the calm Judgment
of bankers and industrial leaders, who.
while admitting that the Improvement
in business is slow and might not get
under good headway until the end OF
this year. were emphatic in their state
ments that, both from technical
standpoint and in the light of its in
vestment status, the stock market now
is stronger than it has been at any
time within the last nine months, and
that investors who own their securities
and those who have them amply mar
gined need have no occasion for alarm.
Public Account Small.
The most influential factor in the
present market situation is the absence
from it of the public. This includes
the condition of relatively small loans
on SECURITIES Dy GIlS DdllhS SOHiPaACo
with the huge totals last october and
November. The advance in prices in
March and April was primarily the
work Of the professional trader.
The testimony of the majority OF
Stock Exchange houses is that the
public did not follow this movement
to any extent SO it was not crippled
when prices broke in May. 1t has not
been greatly affected by the secondary
decline that has occurred since and
which has been most violently mani
tested in this months reaction. While
margin calls sent out Saturday after
noon and Monday night were numerous
in comparison with those in previous
months, they were relatively small and
did not occasion great deal of dis
tressed selling.
The money situation now existing
and the position of brokers' loans rep
resents as positive a change from a
highly unfavorable set of credit con-
ditions to one of extreme ease as could
Evening star., 1930-06-12
iSTOCK MARKET HELD STRONGER
FROM TECHNICAL STANDPOINT
Important Banking Interests Do Not Share
Pessimism Shown Recently by Pro-
fessional Trading Element

have occurred within a six or seven
months period.
With comparatively few exceptions,
and IN spite of the record of nearly
140 new low prices for the year for
stocks on Monday, most of the eight
or nine hundred active trading units
on the Stock Exchange are selling above
the bottom figures for 1880. Those
that by reason of poor earnings and
reduced dividends have dropped into
lower ground are the coppers, which
have fallen even lower than last year;
several of the rails, including members
of the Northwestern group, along with
Southern Railway and Erie, and such
formerly buoyant issues as Montgomery
Ward and Simmons.
Utilities Stocks.
American e. Foreign Power. against
which the professional attack has been
most severe recently. was about 25
points higher than last Autumn Amer
ican Power Sy Light was up 80 points
from that level. American Water
works was quoted at almost double the
figure reached on November 49,
United Corporation sold as low last
year as 10, after touching 1872 in May.
Today is was approximately 100 per
cent above its former low price. Con-
solidated Gas broke to about 80 last
November, a perpendicular decline of
over 100 points, and is now 40 points
above this figure And so on through
the list of prominent power and light
securities.
Evening star., 1930-06-12

Swallowing pin caused the death of
reindeer at the London Zoo recentlv.
Evening star., 1930-06-12
distributed by Peoples Gas Light &

distributed by Peoples Gas Light &
Coke.
Consc clidated Retail Stores May sales
off OF per cent, five months, l2.4 per
cent above year ago.
Delaware. Lackewanna (, Western r..
r. earned 55 cents on common stock in
March quarter, against $l.38 in 1929
period.
Evans Auto Loading passes quarterly
dividend 62I2 cents. due July /.
MacMarr Stores operated 1,407 stores
and 463 markets in May, against 1885
and 252. respectively. year ago.
John Morrell e. Co. earned &.27 on
common stock in six months to May 8,
against $3.50 in six months to March
30 1929.
North American Aviation acquires
Berliner- Joyce Aircraft of Baltimore
Novadel-Agene president reports four
months net per cent above year ago.
David Pender Grocery omits dividend
of class B stock. Last distributions rs
cents regular and 25 cents extra.
Pennroad Cooperation declared initial
dividend of 20 cents on common stock.
Peoples Gas Light & Coke propose
gas rate schedule on basis of heat units
Evening star., 1930-06-12
Corporation News

NEW YORK. June 12.-The following
is todays summary of important cor
poration news prepared by Standard
Statistics Co, Inc, New York, for the
Associated Press:
News Trend.
Outstanding in the days corporation
news is the announcement of the for
nation of the Continental Construction
Co., which will construct the 100000
600 Texas Chicago natural gas pipe
line, under sponsorship of Cities Service,
insult interests. Standard Oil of New
Jersey ard four other large oil and gas
companies. Initial daily delivery ca
pacity of line will be about 300, ,000.-
600 cubic feet, and more than so COM
munities will be served. Unfavorable
dividend announcements were made by
Evans Auto Loading and David Pender
Grocery, both passing dividends due
July l. An initial payment of 20 cents
was declared by Pennroad Co.
Department store sales in May by 551
stores in leading cities made a better
showing for the month than in pre-
ceding periods of the year. According
to preliminary reports to the Federal
Reserve system May sales decreased
about l per cent from last year. while
for the five months period decline was
about 3 per cent. Districts Of the sys
tenn in which May returns were larger
than a year ago included New York
Boston, Minneapolis and Richmond.
The Companies.
American Ice May profits estimated
at 10 per cent above year ago
American Utilities 81 General has ac-
quired Isl, ,743 class B stock and voting
trust certificates of Consolidated Gas
Utilities through exchange
Aviation Corporation carried $685.
passengers in May, 28 per cent over
April. Revenue expanded about per
cent, due to increase in length average
ride.
Colorado g. Southern RaiIway-Inter-
state Commerce Commission denies pc
tition for abandonment Of 135-mile line
between Denver and Leadville, Colo, op-
Grated at loss since 1900.
Commonwealth 81 Southern Corpo-
ration MAY electric output off 54 per
cent, five months, down ID per cent: u
months, up 3.9 per cent over previous
year. May gas output increased "a per
cent, five months declined % per cent,
IL months off 81 per cent.
Continental Construction, organized
to construct the 500. .00O, 900 Texas-Chi-
cago natural gas pipe line, sponsored
by Cities Service. insult interests,
Standard Oil of New Jersey, Texas Cor
poration. Skelly Oil, Phillips Petroleum
and Columbian Carbon. Gas will be
Evening star., 1930-06-12
TRAVELLING BY BUS
BECOMES POPULAR
Passenger Lists of Various
Companies Show Big
Gain in Year.
BY JOHN F. SINCLAIR.
Special Dispatch to The Star.

special Dispatch to The Star.
NEW YORK, June LIT is a
racket-this bus business. Look at the
back of them, made to look like an OBJ
says one of New York's "showme" men,
in discussing the transcontinental bus
line activity these days.
But it must be healthy" racket to
be able to carry 5000 900, 900 passengers
annually in the United States or "a
times the population. These are the
figures given out by the Department of
Commerce.
Wait on any paved-road corner to-
day, and one is apt to find bus COM
ing along, at the rate of 25 or 35 miles
an hour, filed with interstate pas
sengers.
Passenger busses leave New York
every hour for California. Cities and
villages in between are comb5d and
honey -combed with feeder" lines.
So the highway improvements have
brought in their wave not only the
driving of 27,000,000 automobiles. but
they have also brought the most effec-
tive and efficient bus transportation
systems that exist in the world today.
These various systems are now in the
merger stage.
In another fiye years, an effective
day-and-night bus line service, with all
the accommodations of Pullman train,
will be available at prices so reasonable
that few can afford to ignore them.
Two New York bank executives,
George w. Dawson, president of the
Central Hanover Bank & Trust Co., and
Albert H. Wiggin of Chase National
Bank, have joined hands to oppose the
extension of bank branches in the
United States.
Mr.. Dawson bases his main argument
upon the fact that bank consultations
did not necessarily reduce the danger
of bank failures, for "the history OF
chain banks thus far has been that
when one goes they all CO."
Mr.. Wiggin takes much the same
point of view. Within city limits,
Evening star., 1930-06-12

branch banking IS efficient and work
able. he declares, but when it is ex-
tended beyond city lines new dangers
begin.
Both agree that brapch banking with
in the city. renders as effective service
to the community, without sacrificing
the advantages which flow from unit
banking.
Neither. however, attempted to answer
the argument advanced by the advocates
of group banking, who believe their
plan gives prompt and satisfactory
banking services to small as we'll as
large communities, while maintaining
bank unit independence.
What should the American people do?
Ever since the war they have been
charged with many things and told
what to do and what not to do It's a
hard nut to crack.
They have been called upon to:
l. Cancel war debts and save the
world.
2. Quit playing the shylock and help
ness prosperity.
3. Join hands with the World Court
and the League of Nations and thereby
help TO foster world peace
4. Loan more money to, the starving
industries Of Europe.
5. Cut down tariff walls, so that the
rest of the world can do business on
American soil.
s. Ship more gold, so that the rest of
the world can hold together"
Z. Give the world a chance to sell
goods on a fair basis In the greatest
trade market of the world and thereby
keep millions Of people from starving
Some of these suggestions are good
some are not. What should be the
policy of American business? Should
tariff walls come down so that Canada
and France, for instance, might be able
to sell more goods in the United States?
Walter Lippman, New York editor,
recently made this statement:
I'VE are today living in an era which
might be very we'll known as a period of
American hesitation. We stand deeply
bewildered on the threshold of an i'm
mense destiny and until our conscious
ness of what we are and what we mean
to the world comes up with a reality
we shall continue to deal with the prob
lens of the present day with a mind 80
years out of date"
This confusion in the United States
results very largely upon a misconcep-
ton of the position of a debtor and
creditor nation in the modern world.
The United States is now a creditor
nation. the greatest creditor nation.
But many Americans still try to keep
in vogue the international practices
used by the United States when she was
weak, struggling, poor debtor nation.
(Copyrght, 1880. by North American News
paper Alliance)
Evening star., 1930-06-12
NEW B. e. O. CARS.

BALTIMORE. June - (SpeciaD -
Some of the so new individual scat
coaches. ordered some time ago by the
Baltimore 81 Ohio Railroad, are now
being received and installed in regular
train service, according to officials of
the company. When the entire order
of so cars is received the road will have
80 cars of this type in operation.
This style of coach was introduced
by the Baltimore & Ohio in April, 1925
The company plans to extend the fea-
ture from time to time and make use
of the individual seat coach general on
trains thrnnghnut its territory.
Evening star., 1930-06-12
OPEN CREDIT SALES
SHOW SMALL LOSSES

The average loss from bad debts on
open credit sales of more than 10000
retail establishments employing such
terms was 6 of per cent, Department
of Commerce learned in connection
with its retail credit survey.
The second volume of this survey,
dealing with automobiles and acces-
sories, radio, bakery products, groceries,
jewelry, electrical appliances and opti-
cal goods, was issued Wednesday.
Although the average loss to all retail
establishments included within this
study was only s. of l per cent, there
were considerable variations among
different trades and among different
establishments within the same. trade,
the department pointed out.
Evening star., 1930-06-12
NEW INVESTMENT TRUST.

NEW YORK, June II P).-Brook-
Inire Investors, Inc, a new MANAGEMENT.
type of investment trust with a capital
of approximately 50,O00 900, has been
organized. The new company is spon-
sored by the Brookmire Economic Serv-
ice and has a capitalization of ,0O0, 900
no par common shares, which will be
offered to the public at about $54
share.
Evening star., 1930-06-12

rather than volume Of gas consumed.
Change proposed as gas, supply will be
augmented by natural gas from Texas
which has greater heating power.
Pierce Arrow Car May deliveries to
consumers largest Of any month this
year.
Republic Steel subsidiary, Bourne
Fuller shuts down open hearth division
because Of low current rate Of opera
tionS.
United Aircraft & Transport sub
Sidiary carried l63,076 pounds mail
over Chicago-San Francisco route in
April. against 156, sos in March.
United Stores earned Sl.18 on COM
mon stock in 1929, against 81 cents In
1928
Western Air Express carried 72,328
pounds mail over Salt Lake-Los Angeles
line in April, against II ,208 in March.
youngstown Sheet g. Tube to con-
struct plant for production of electri-
cally welded pipe; cost about $2,0o0,00O.
Evening star., 1930-06-12

With the exception of one cottage.
the entire village of Fenwick, England.
was sold at auction recently.
Imperial Valley press., 1930-04-30
SOUTHERN CALIFORNIA

Unsettled tonight and Thursday
showers in west portion tonight; tenn
perature below normal; moderate
variable winds.
Imperial Valley press., 1930-04-30
YANKEE GOLFERS
SAIL TO DEFEND
FAMOUS TROPHY

NEW YORK, April 80. (U.H =
America s Walker cup team sails to-
day to defend the trophy which has
been the objective 6 international
amateur golf competition and the
proud possession of this country
ever since it was offered.
Bobby Jones and his fellows who
are going to England to defend the
cup are brimming with confidence,
naturally enough, because they have
never been beaten. Don Moe, the
youngest and one of the newest of
our Walker cup golfers expressed
the opinion of his teammates when
he said that he expected to win.
DR.. 0. F. Willing. the other Ore
gonian, who has had previous Walk
er cup experience, was equally opti-
mistic. GLOW can we lose? asked
the doe. "We have a group of the
finest amateur golfers-(leave me
out of this)-and we are going to
do battle for cup which means a
lot to the winners -
In addition to Bobby Jones, Don
Moe and "Doc" Willing, the mem
bers Of the American team are
Francis Quimet, Harrison Johnston,
Roland Mackenzie, George Won Elm
and George Voight.
Imperial Valley press., 1930-04-30
THE WEATHER
LOS ANGELES AND VICINITY

Mostly cloudy tonight and Thurs
day with probably occasional show
ors tonight; temperature below nor
mal: gentle 10 moderate shifting
winds
Imperial Valley press., 1930-04-30

the ringside Friday night a boy will
need telescope to find it.
That 5 the main dish. The balance
Of the party is not all ice cream and
cake either. Sammy Santos has the
bum hip cracked by Homer Gaines
all fixed up with copper sheathing
and promises he viii not go out via
the hip route when he starts to mess
up George Monzan. 1t might be said
in passing that Senor Monzan, the
direct importation from Mexico City,
is apt to do a little messing himself
without consulting Sammy. They are
due to GO 10 also and heap of mess
ing can be done in that time
The tive Lorenzo boys, Reyes and
Apadoca. will decide the Lorenzo
championship of the world and the
new planet via the six round route.
A certain little boy from MeXicali,
with the big name of De La Fuente,
is scheduled for a bit of unpleasant
ness if he steps in front of some of
the southpaw smashes Senior Flor
encio Villa of Imperial can deal out.
Florencio can take them, but he can
give better than he takes and De
La Fuente had better he "thcre'
If he doesn 7 want to 60 bye-byc for
10 and out.
Imperial Valley press., 1930-04-30

pitchers saw action, with Ray
Benge of the Phillies and Red Fa-
ber of the Chicago White Sox, the
only ones to go a full nine innings.
Brooklyn's s Robins and the New
York Giants set the scoring pace,
battling through three hours and
10 minutes of wild play, with Brook
lyn winning, 10 to 10. The Robins
scored IL runs in a second inning
rally to come within three runs of
tie modern major league record of
II i'll one inning, held jointly by
the New York Yankees (1920) and
the Chicago Cubs (1922).
Brooklyn established one record
in that every player scored run,
made a hit and drove in a run dur
ing the 1l-run attack Eight pitch
Imperial Valley press., 1930-04-30
SPORT NEWS
RED HEADS ARE
NOT LOVED BY
MIR. ALVARAD0

Jimmy Alvarado. the clever box
ing boy from Hollywood, has no lov,
for Wendell Humphries, bette
known to sport followers as Red
because he does his fighting beneati
q shock of red hair.
Following an apprenticeship in III,
boxing game at Yuma, Imperial Val
ley and coast clubs, Jimmy got into
the main event class in Los Angeles
performing at the Main street clul
on Saturday nights. Saturday night
seemed to agree with Jimmy He did
Mt forget his Saturday night bath.
neither did he forget to fight, and
the result was that he ran up a
string of nine straight victories and
was unanimously elected mayor OF
Main street and successor to Mush.5
Callahan.
Then Mr.. endell Humphries
came into the picture. Naturally Il
boy with a name like Jimmy could
MT stand for a moniker like Wen
dell, and Jimmy took an instant
dislike to this Wendell person. Civ
ing Mr. Wendell a sound trouncing
would give Mr.. Jimmy great Joy.
Put the best laid plans of mice
and men go astray, as General Grant
said when he got licked at Water
loo, and when Jimmy's mess with
Mr.. Humphries was over, the best
lie had was dead heat. That Wen
dell person had gone and spoiled a
perfect "strike' record. Jimmy 5
dislike for Mrs. Humphries' IA
vorite son turned into hate, and has
gone so far now that he not only
hates the whole Humphries family
but all red heads.
Knocking off red mead S block
is the only thing that gives Mr.
Alvarado any happiness, and knock
ing off Mr.. Humphries' block IS
what Brother Alvarado promises to
do when they meet in the 10 round
main event at the local arena Friday
night. Jimmy would prefer Satuf-
day night, to keep the score clean,
but has consented to trounee Mr..
Humphries and take a bath, all Oh
Friday night.
Mr.. Alvarado has rome ahead with
his plans without consulting the red
headed one, and it so happens that
the latter also has ideas about the
fight, which do not coincide with
those held by little Jimmy Alvara-
do. In short, Mr.. Humphries has
nothing else under that red thatch
of his but the desire 10 knock lit
tie Jimmy bow-legged, galley west
and into a cooked hat.
Charity Missing
There's pizen in that there fight
mates. The boys may be small but
they pack large gobs Of meanness
If there is to be any charity around
Imperial Valley press., 1930-04-30

crs participated in the contest, the
Giants using five.
Pittsburgh staged seven-run
offensive against the Chicago Cubs
in the sixth inning to win Is to
g and take the National League
lead.
Washington's Senators retained
the Amermican League lead and
hung up tic seasons longest WIN
ming strcak-eight victories-by
beating the New York Yankees, IL
to s.
The world champion Philadelphia
Athletics pounded three Boston Red
Sex pitchers for II hits and a 9
to-5 victory, moving to within half
a game of second place.
Red Faber, veteran White : o y
pitcher. allowed Detroit II hits, but
cked out an S-to-6 victory ana the
Imperial Valley press., 1930-04-30
Card0za Beaten
BY Mike Hector

LOS AEGLLEa Ap.il 5o Or
Mike Hector administered terrific
body beating 10 Joe Cardoza at the
Olympic here last night, and after
having the Mexican virtually out
on bis feet several times, won the
decision. Both weighed 100.
In the six round semi-final, Tom
Kirby, 175, fought his way to a de-
cision over Jimmy Hanna, l75. San
dy Garrison, 1Gj, knocked out Max
~ "a t-e second r9und Of their
special event.
Imperial Valley press., 1930-04-30
Central Union
Plays Brawley

Announcement was made this
morning that the baseball game
scheduled between Central Union
and Brawlev high schools for next
Saturday afternoon has been ad-
vanced and will be played tomorrow
afternoon instead of Saturday.
coach Armstrong; boys have been
nraeticing daily in spite of the easy
time they had with Imperial, last
Saturday, and are ready for the
Brawleyites, taking this game as
one more step toward their final
meeting with Calexico, present lead
ers in the flag race.
Imperial Valley press., 1930-04-30
WATCHING THE
SCOREBOARD
BY United Press

Major league managers today
discarded ali thoughts that changes
had been made to reduce the resil-
icney OF the "lively ball, and
were seeking pitchers capable of
halting the batting orgies which
have featured competition during
tie past two days.
Tuesdays games provided 4 new
high scoring mark for the year
with a total of 123 runs and Isl
hits in seven games. Thirtv.ninC
Imperial Valley press., 1930-04-30
Wednesday, April 80, 1880

Chicago team held second place.
Ray Renge, the only other pitcher
to go the route, let the Boston
Braves down, with five hits and the
Philies won, 8 to ?.
Willis Hudlin and Wesley Ferrell
held the st. Louis Browns to seven
hits to give the Cleveland Indians
a 6-to-4 victory.
Yesterdays Hero
Ray Benge, Phillies right handler,
who turned in the only creditable
pitching performance in the seven
Major League games. Bcnge held
the Boston Braves to five hits, CIV
ing his team an S-to-2 victory.
Imperial Valley press., 1930-04-30
NATIONAL LEAGUE
Yesterdays Results

Philadelphia s, Boston 2.
Pittsburgh Is, Chicago 9.
Brooklyn 10, New York -.
Cincinnati and st. Louis, rain.
Imperial Valley press., 1930-04-30
PACIFIC COAST LEAGUE
Yesterdays Results

San Francisco s, Sacramento 6.
Portland 6, Hollywood 5.
Missions d Seattle 8.
Oakland 3, Los Angeles 4.
Imperial Valley press., 1930-04-30
Yesterdays S Hero

Perris, Riverside County, is pre-
pairing for its second annual spring
festival, stage dior April SO and
l2-l3.
Imperial Valley press., 1930-04-30
BASEBALL
STANDINGS
Won Lost Pc
AMERICAN LEAGUE
Yesterdays Results

Cleveland 6, St. LOUIS 4.
Philadelphia 9, Boston 5.
Washington II, New York s.
Chicago s, Detroit 6.
The Daily Alaska empire., 1930-10-07
|SKAGWAY PIONEER
 DENTIST DIED IN V. IDAHO RECENTLY

Dr. Albert w. Reed, who was a partner of the late Dr. L. s. Keller in the practice of dentistry in th1 pioneer days, recently died at Boise Idaho. He had been practicing at Pocatello since leaving Skagway in 1911. He was well known and popular in Southeast Alaska when a resident He died September 26 The Pocatello Tribune contained the following concerning Dr. Reeds death and funeral:
 Funeral services for Dr. Albert w. Reed, 61, Pocatello dentist, who
 died Tuesday morning in the Unit ed States Veterans hospital at Boise, will be held at the family home at 225 South Fourth avenue
 Friday afternoon at ? o'clock with Rev. C. H. King officiating. Inter-
 ment will be in MountainvieW cemetery. Spanish War veterans will
 be in charge of sounding of taps
 and the volley at the grave. Funeral services will be in charge of Schu-
 maker and Beasley.
 "Dr. Reed was a native of Bakers field, Vt. He came to Pocatello in 1890, and followed his profession in dentistry until the outbreak of the Spanis s h-American war in 1898
 when he entered the army as chief
 musician of the First Regimental
 band, Eighth Army Corps. Serving
 approximately two years in the
 Philippines, he was mustered out in San Francisco and returned to this city.
 From 1900 until 1911 he practiced dentistry in Skagway, Alaska, after
 which he again took up his resi-
 dence in Pocatello. He was a form
 CT member of the Idaho State Den
 tai society, and past president of
 the Southeastern Idaho Dental So-