davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1930-09-13
YANKEE
BOAT IS
WINNER
Enterprise Finishes Two
And One-Half Minutes
In Front OF Shamrock.
RACE IS ONE-SIDED
American Entry Captures
Lead At Start And Is
Never In Danger.
BY MORRIS DEHAVEN TRACY
United Press Staff Correspondent

ABOARD L. 5. $. KANE, Inter
national Cup Course. Sept. Is. U.P)--
Harold S. Vanderbilt's Enterprise
won the first race for the Americas
cup today, defeating Sir Thomas
Lipton's Shamrock V.
1t was a one sided victory for the
cup defender, as Enterprise drew
rapidly away from the challenger
en- the homcward leg.
Skimming with her owner at the
Lclm in his shirt sleeves and her
crew sprawled along the weather
rail, the American yacht crossed the
finish line to win the first of the
series for the historic trophy.
Shamrock V. fifth of line of
challengers for the America 3 cup,
crossed the finish line two minutes
and 40 seconds behind the winner.
The Enterprise, with white foam
tossiD; from her bow. crossed the
line amidst a great tumult of wlis-
ties at 4:57:j0. Shamrock finished
at j:00:30.
The Enterprise led throughout the
race. Only once, on the lecward run
to the l5 mile mark, did Captain
'Ted' Heard get the green prov
Of the challenger up on even terms.
ABOARD L. $. $. KANE, IN
TERNATIONAL CUP RACE.
COURSE, Sept. Is. W.H-Racing
along through the white caps toward
the finish line, Harold ). Wander
bilt's Enterprise led her rival, Sir
| Thomas Lipton's Shamrock V, by
nearly 1000 yards at the % mile
mark today, and appeared a certain
winner of the first of their series
cf races for the historic America 8
cup.
Enterprise, her cleaning white
sails taut in 10 knot breeze, was
steadily increasing her advantage
over the challenger at this point.
Shamrock Trails
\ freshcning breeze caught the
taut sails of the defender then and
Enterprise drew away. She round
ed the turn two minutes and seven
seconds ahead Of the challenger.
Shamrock s skipper gained by
making beautiful turn, but when
they Strengthened out for home,
Harold Vanderbilt sent his sloop
Ear out in front. Shamrock was
held too close to the windward and
dropped back until she was trailing
tv more than half mile.
Enterprise IS elapsed time for the
80 mile course WAS / 10000.
Vanderbilt, apparently wishing to
ease the sting of defeat, cruised up
and down the finish line before put
ting his boat across. The maneu-
yer mvstified the thousands of
spectators gathered in boats at the
finish, but was put down to the
American skipper's sportsmanshlp.
Shamrock, beaten badly, came up
towards the finish and then Enter
prise 5 slim white prov crossed the
, line. The reception which greeted
the winner was CQualled by that ac-
corded the Shamrock.
The next race will be held Monday
over a triangular course of 80 miles.
Imperial Valley press., 1930-09-13
ARMOUR WINS TITLE

FLUSHING, y. Y. Sept. l3, W,H
Tommy Armour, Detroit, won the
7. e. A. championship here today
hY defeating Gene Sarazcn. Flush
ing, one up in their SO hole fina!
match.
Imperial Valley press., 1930-09-13
PRICE OF GAS
INCREASED BY
STANDARD OIL

SAN FRANCISCO, Sept. l3. (U.P)
Any price level affected By agree
mcnt among the major oil compan-
les will be regarded by the federal
government as collusion. [. :.
Attorney General John II. Amcns
indicated here today.
Amcns' views were II direct com
ment on the Standard OILS an
nounccment yesterday that an in
crease of one cent per gallon in
the retail price of gasoline will be-
come effective in California Mon
cay, and subsequent intimation
from the Associated Oil Company
and the Shell Oil Company that
they planned following suit.
The Texas Company. which pre-
cipitatcd the recent 'gas war; and
held responsible by several leaders
for the current situation, announced
from Los Angeles, that "no in
crease was planned.
san FRANCISCO, Sept. Is. U.P)
Effective Monday, sept. l., the
Standard Oil Company of Califor-
MIA will increase the price of its
gasoline one cent per gallon, it was
announced here last night.
At the same time Il reduction i'll
the company's grade OF retinablc
crude oil will he made of from II
cents to eight cents.
\ statement of the company
read in part:
"lt has been said by independent
rcfiners that the present prices of
gasoline and crude oil do not per.
nit refincrs in California to oper-
ate at Il profit,
"Thc price offered by this COM
panv for crude oil was advanced
aud ii was expected that CORES
ponding increase in the price for
refined products would follow. The
disasterous gas war, however, re-
suited.
1t is apparent that the burden
Of maintaining the conservation of
crude oil resources cannot be thrown
entirely on the producer. If relief
comes TO the rcfinerS AT the entire
expense of the producer the conserv-
alton program would be placed in
jeopardy
THE public should help share the
bu:Gcn.'
LOS ANGELES, Sept, IL. UP
The Texas Company, which prccipl
tatcd the recent Pacific Coast gaso'
line "war' 10y lowering lis retail
price, has no plans to increase its
price in conformity with other lead
in~ rcfincrs, officials here said To-
Imperial Valley press., 1930-09-13

LOS ANGELES, Sept. IL. UP
The Texas Company, which prccipl
tatcd the recent Pacific Coast gasn.
line "war" 10y lowering lis retail
price, has no plans to increase its
price in conformity with other lead
inp refincrs, officials here said to-
day.
"Wc are not contemplating any
Immediate action, - c. W. Campbell,
sales superintendent in Los Angeles,
said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
BROKERS FORESEE
ADDED LIQUIDATION
Agree That Recoveries Now
Probably win Be Only
Temporary.
BY the Associated Press.

ny tne ASSOClateo FteSS.
NEW YORK, October 10.-Most Of
the brokerage house comment today
contained in advices to clients agreed
that further liquidation was in pros
pect for the stock market and until 1t
was completed recoveries would be only
temporary. Comments include:
E. F. Hutton & Co.: I'VE think the
current decline Is uncovering long-pull
speculations in low-priced stocks and
long-pull investments in the secondary
leaders. We think the whole market Is
in the eliminating and final stage OF
the bear market, and provided current
liquidation Is completed without any
strong and drawn-out intermediary re-
covery, we feel that we can look for
ward to O permanent recovery in trade
and securities
Jackson Bros, Boesel q Co.: I'VE
know of no hidden bearish influences
which might incite further historical
selling. Barring unforeseen develop
ments, we think that the present tech
meal position is sufficiently strong to
take care of scattered liquidation in an
orderly manner"
Shields & Co.: "Those who correctly
read the handwriting month or more
ago recognize that the present Is no
time for undue pessimism. AT the same
time, 1t Is realized that the full pSy-
Geological effect on business and gen.
eral sentiment throughout the coun-
try of recent stock market develop
ments will not be apparent for while
longer and that in the meantime eau
ton in making commitments remains
necessary"
nothing in nearby trade news to war
rant a sustained recovery in prices"
Redmond q Co. THE market still
shows no indication of having touched
bottom. Such selling as we have ex-
perienced during the last few days must
be allowed to burn itself out, even
though prices of many securities will be
carried below their intrinsic worth.
Current difficulties are obviously a
hangover from the severe deflation of
last Fall and we see little chance of
any organized banking support so long
as the decline continues in orderly
fashion,"
Tobey & Kirk: Real liquidation
from important sources has been mainly
responsible for weakness in the general
list and until this Is over it cannot be
expected that recoveries will be more
than temporary"
Charles d. Robbins q Co.: Although
there is not yet clear and unmistakable
evidence Of the end of liquidation, This
Is no time to become bearish."
winthrop, Mitchell & Co.: "Indica-
tions are that the market will have to
60 through further liquidation before
stability Is restored. Buying power was
lacking throughout virtually all Of yes
terday and 1t is uncertain when de-
mand will be revived"
Otis d Co.: Despite the extent of
yesterdays decline a definite climax
was not indicated. However, q clear
cut indication should be provided in the
event of any further weakness today"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
WOOL MARKET ENDS
ANOTHER QUIET WEEK
Business at Lower Levels Re-
garded as Without Con-
sequence.
BY the Associated Press.

BY the Associated Eres8.
BOSTON, october 10.-The CONNER
cial, Bulletin Of Boston VIII say to-,
morrow:
THE wool trade has passed through
another quiet week. Some business 10
being done at the lower levels noted
week ago, but it is inconsequential.
Prices are hardly changed for the week.
THE manufacturing position develops
slowly A somewhat better feeling ex-
lists in the wooden end of the trade. On
the whole, however, the market seems
to be still unsettled, with moderate
business in goods being placed from
week to week. a
"The foreign markets are steadier for
the moment on the basis of the new
low prices established at London and
in the primary markets OF the South
ern Hemisphere. The question agitat-
ing the minds Of the trade is whether
this is the final phase of the price
decline.
Fall Texas woods are moving partly
to the dealers and partly to the CO.
operatives at advances of IL to 20 cents
to the latter and around to I'll cents
to dealers for best woods.
"Mofair Is dull, with few small
sales of original Texas hair at about
35 cents.
"The rail and water shipments Of
wool from Boston, according to the
same authority, I -om January /, 1880,
to October 8. 1880. inclusive, were
LOG, 988, 500 pounds, against i38, 436, 600
pounds for the same period last year.
The receipts from January ], 1880, to
October 8, 1880, inclusive, were 290.522,-
312 pounds, against 27,431 1875 pounds
for the same period last year."
The Bulletin will publish the follow
ing quotations:
Domestic:
Ohio and Pennsylvania fieeces, de-
laine, unwashed, 3la3lha; one-half
blood combing, 2eaa0; three-eighths
blood combing, 29a30; one-fourth blood
combing, 30a31 4+
Michigan and New York fieeces, de-
laine, unwashed, 27a29; one-half blood
combing, 27a29; three-eighths blood
combing, 29a30; one-fourth blood comb
ing. 3oa31.
Wisconsin, Missouri and average In
diana and New England One-half
blood, 25a26; three-eighths blood, 27a
%; one-fourth blood, 27a28.
Secured basis:
California-Northern 63a65; middle
county, 61a62; southern, 60a62.
TeXas-Fine IL months (selected), u
ais; fine short IL months, 70a72; fine
eight months, 68a70.
Territory fscoured basis --Montana
and similar, fine staple, choice, 74a75;
one-half blood combing, 67a72: three
eighths blood combing, 57a60; one
fourth blood combing, Sass. -.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
SEEK TO HOLD UP ]
STEEL PRICE, GAINS
Leaders in Industry Drop
Efforts to Raise charges f'<
in Present Market. >"

Coincident with a nattening out OF
the gently rising curve in demand for
finished steel and pig iron comes the
disclosure that the production Of steel
ingots and pig iron declined sharply
last month 10 the lowest level In six
years for both, says Steel. Cleveland.
Apparently the gains in demand re-
ported by most producers through Sep
TENDER were met by shipments from
stock or represented obligations against
which buyers have not yet specified.
No small portion of this coverage ap-
pears to have been protection at current
low prices.
A defiation Of the improved sentiment
of recent weeks undoubtedly will result
from the combination of receding pro-
duction and the loss of momentum in
buying. This week, Is last week, there
has been more talk OF holding recent
gains than Of lettering them.
Ingot Production.
Ingot production had declined from
March to July, then advanced slightly
in August to- ll9,o50 gross tons daily,
but in September sank to 1880 tons,
q level not plumbed since September
1924. To october I the 1880 output Of
steel was 32.689 500 tons, against as
$4,000 tons In record 1929. The steel
making average for September was SSH
per cent; Tor 1880 to date, zoos per
cent.
This 7.6 per cent drop in the daily
ingot rate in September was slightly
larger than the SO loss in pig iron.
September's daily rate of 1888 gross
tons compares with B1,455 tons in
August. The nine-month total for 1880
Is 25,744.o41 tons; for 1929, 32,682, 700
tons. AT the close of September only
126 stacks were in blast, IL fewer than
on August 81.
Appraising steel and iron require
ments by industries, q stand-oh IS re-
vealed. Automotive and gas, oil and
water consumers are lethargic, with no
indications of revival this quarter.
Structural activity, on the other hand,
is well maintained for the season, and
the railroads, while stunning the equip
ment market, are beginning to place
1881 track material.
Better Structural Sales.
Structural steel awards spurted this
week to 25,433 tons, compared with
1887 tons last week and 22,3l5 tons q
year ago.
Steel making operations are UNI
changed this week at 55-67 per cent for
Chicago, SIS for Pittsburgh, So for East
ern Pennsylvania, 30 for Cleveland and
48 for Birmingham. youngstown mills
are of o point, to $3.50, while Buffalo
is down points to 81 per cent. The
industry as q whole is at about 81 per
cent this week, against SIS last week.
Pig iron prices are unchanged this
week. Semi finished material and such
finished products as bars. plates, sheet,
strip and constituting the great
bulk-are moderately firm, but the IS
per ton reduction In tin plate drops
steel's market composite 20 cents, TO
S32.32. the lowest In decade.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
NANYISTOCKSDROP.
ON CURB MARKET.
Bunched Orders for Big
Blocks Start Steady
Stream of Selling.
BY JOHN A. cRoNE.

NEW YORK, October l0.--Scores Of
stocks, high, medium and low-priced
registered new lows for the year OF
longer In an active Curb Exchange ses-
sion today.
Big blocks of stocks. in most cases
representing punched orders. greeted
the opening gong and a steady stream
o6nselling continued thereafter. Sew
erai f1tful rallies proved insufficient to
check the decline.
Large initial transactions included
1920 shares of Cities Service at "a,
5000 shares of Standard Oil of In
diana at 423s, 5000 shares of Electric
Bond 81 Share at 547s and 5000 shares
OF Goldman Sachs at 10ss.
Failure Has Effect.
Repercussions of the Prince b
Whitley failure again were felt IN the
market This firm had carried on
arbitraging operations with London in
Brazilian Traction g. Light, which
crashed to new low here today.
Prince 81 Whitley Trading Corpora
ton, which lawyers for the brokerage
flrm state to be solvent. opened up
slightly, but the preferred was off a
shade.
Public utilities and investment trusts
again were the weakest groups in a
stock market. Oil shares soon joined
in the descent and were followed by
virtually every section in the list.
The extent of the decline in utilities
may be cleaned from the number of
new lows reached in the first two hours.
They included American Cities Power
& Light B, American & Foreign Power,
~aAa, awIaA o. naAl A. AnA~ -
Superpower, Electric Bond &c Share
Commonwealth g. Southern warrants,
Electric Power Associates, Hydroelec-
trio Securities, Niagara Hudson Power,
Niagara Shares and Utilities Power g.
Light.
Other New Lows.
International selling was said to be
an important factor in the drop Of
public utilities, but in trading corpora
tons most of the offerings came from
the public in various parts Of this coun-
try. Blue Ridge common, Goldman
Sachs, insult Utility Investments, Inc;
National Investors and United Founders
were few of the prominent stocks that
crashed 10 new low territory.
Medium shares were liquidated by
some tired long holders in sufficient
amounts to produce many new mini
mum marks. Standard Oil of Indiana
Cities Service, Houston Oil, new; Lion
Oil. Indian Territory Illuminating, I'm
perial Oil, Humble Oil and others es-
tablished their lowest prices Of the
year.
High-priced issues, largely because Of
the thinness of their markets rather
than heavy offerings, likewise toppled
to record lows. They included Alumni
mum Co. Of America and Aluminium,
Copyright, 1eso.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
COTTON OPENS DOWN
FROM 6 TO 10 POINTS
Liverpool Market Reported Lower
Under Hedge
Selling.
BY the Associated Press.

BY the Associated Press.
NEW YORK, October 10.-Cotton
opened steady at decline Of 6 to 10
points under Southern or local commits
sion house selling promoted by relative
ly easy Liverpool cables, small domestic
consumption figures and reports of in
creased hedging.
New December sold off to 1921 at
the start, and March to 1882, but the
initial offerings were absorbed at these
figures and prices steadied up a few
points from the lowest on trade buying
and covering. At the end of the first
half hour the more active positions were
about 2 to 8 points net lower. few
additional notices were reported against
the new October contract and that de-
livery sold of to 1908 during the early
trading. or points net lower.
Liverpool cables said the market
there was lower under hedge selling and
local liquidation and that the cloth
demand from India and China was
easily satisfied.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10

Note-An stocks are sold in one hundred-share lots
excepting those designated by the letter sOsJ (25Os)
which shows those stocks to be sold In odd lots only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
NEW YORK BANK STOCKS

NEW YORK, October 10.-Bank
stocks and trust shares remained weak
today, but the volume of offerings
lessened.
Bank Of America, at g., was of /:
Bankers Trust, 1876, OF 8; Bank of
United States, 26, of s.; Brooklyn Trust,
$50, of 8; Central Hanover, 2S3, off 4;
Chase National, lit, of 2; Chatham
Phenix, 81, of A; Chemical, 57ia, off q !;
National City, 122, of /: Commercial,
$40, of 10; Continental, 10, of /; Corn
Exchange, $50, of Q; Empire, 81, of L;
First National, 1925, off 25; Guaranty,
558, OF, g.; Irving, 40, off T.; Manhat-
tan, 961a, off III; Manufacturers, Sc,
of 5; New York Trust, 205, OF 6, and
Public, SO, of /.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
GRAIN MARKET OPENS
MOVING NERvOUSLY
Moderate Volume Of Transactions
Keep Early Values Near
Yesterdays Close.
By the Associated Press.

By the Associated Fress.
CHICAGO, October 10.-Fluctuating
nervously without any decided trend,
and with transactions of only moderate
volume, grain values early today kept
near to yesterdays finish. Relative
firmness Of the Liverpool wheat market
helped 70 make wheat price changes
here marrow, and 80 likewise, did opin-
ions expressed by trade authorities that
holders of most commodities were show
ing disposition to resist further down.
ward pressure.
Opening 70 to "a off, Chicago wheat
merous but only fractional alterations
Corn started at Is decline 20 q gain,
and subsequently varied but little.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
BANK cLEAR1NGs.

NEW YORK, October 10.-Bank
clearings; New York bank clearings to-
day, $1,041, 000,0 900; a year ago, 1926
000. 900. New York bank balances,
today, $179. 100000; year ago, $685.
100000; New York Federal Reserve
Bank credit today. $16l ,000, 900; a year
ago, $l76,000,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
INVESTMENT TRUSTS

NEW YORK, october 10 (P.-Over
the counter market
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10

Sales OF Stocks New York Exchange
1880 AM...... 963 700 1900 Noon. e42.7oo
1880 Pm. ..... 4787400 2:10 PM. g. 295 500
Dividend rates as given ths table annual
payments based on the latest half
Omit Of trading extra spus
Sent ~ stock tPaya6le In scrip lPlu per cent IN stock
Palo yearno regular Payable
oeR eaInsd payass IN cash or stqsk 10 per cent
Plus cent In stock cent "a stock.
cent in Plus
preferred stock Subject Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
U. s. TREASURY BALANCE.

The United States Treasury balance
announced today as of close of business
October was $2s6, $50 .572.72. Customs
receipts for the month today were
se,255, 1850. Total ordinary expendi-
lures 9l3 ,O67, S62.7
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
METAL MARKET.

LONDON, October 10 R.-Standard
copper. spot and future, f42 lbs Sd |:
electrolytic, spot, f46 los: future, EAT
los. Tin, spot, E109 lbs Sd: future,
ELL IS. Lead, spot and future, Els.
Zinc, spot, Ella; future, Ella los.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
SALES FALL OFF.

CHICAGO, October 10 R.-Sears
Roebuck & Co. reported s32,s37 ,927
sales during its tenth calendar period,
September IL to October 8, showing
a decrease Of las per cent from the
$38,416,990 sales In the same period
of 1929.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10

Crude rubber consumed in the United
States In the first half Of this year
weighed $4,000 tons.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10

y * * = s.,s
II is: y: { s:. E:. T. = U.s. s:: Eli;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10

In one night recently fishermen on a
boat of the English coast caught 10000
behring's
Filipino forum. [volume] (Seattle, Wash.) 1928-196?, 1930-02-28
Editorials
A NATTER OF PR INcIPLE

Vicente o; Nsyss, ssoties as yios.oAair-
rediogran to Speaker Manuel Roxas Inviting
bin and MS p9r6 n.y. to assend the
If Hoeate g. ns7 7s we're ju5s PSiSass
member Of our Ei5ip i O0H99qq44ty, we wou1d
oea6e g. ' Rsv ea' sas
pa5 rS5 AND AND egefdq pu5o
offioer---so far our Filipino community
PS0iGo sor1siny and pu5iio ska
There are clearly two charges against
ohsir1sn Of 4 the Rial Day coUno3l for 1879.
In siEnias . his own name TO the =, rsdiogGa
upon the rights Of the inyitation o9nnittee
the Of the nay
oil under whom, Vicente o. Nayea, as Woe
S eSsssss &. MT . the
a .a'a a them pd the 5 eR
NAM Thae r riS are LETT to ' the Hsipnan
when the vioe-chairman steps upon his head
eGpreSssd aSt6orization Of his superior7
Vicente o. Navea merely, revealed his
1885, IN fAi the ed
The Forum editor, as mentioned by vioen-
s.t9 arrive; n sssssf. ssP Il.
o., When that pS3FGey was yet on the Hay to
va ' not sieS ign by the sender whfoh 5aSpeued
to be not the chairman OF the re oep tion ON
mittee . The sender signed the name of the
cha irman Of the reception oommittees who was
then Mr.. Vicente AGot. IF Vicente 0. Navea
needs specific model to correct his falla-
c iOus rea soning, the fore going inc ident will
be sufficient.
Ne do not wish to imply that Vicente o.
Navea is publioity-ss Aer. But it is evil
did not stop to think whe Their he was tramp1-
ing upon the rights Of others not. It is
just ter Of primo iple, and question
Of principle is not "a trivial matter?
Navea takes it.
To illustrate: man steals a pin. He is
found guilty and convicted.
The pin is an ms ignifioant thing. Tt
may be trivial natter" But the prinoi pie
remains the same---an act that docs not car
ry the sanction of civilized society.
This editorial should not have been pro-
1oneed, but Eavea's article in the Philip
pine Digest points to the fact that he has
nj sc onstrued a previous editorial note OF
the Forum, and that he is trying to introd-
discussion from anothar point of vi ew.
Tt is to be hoped that this will clear up
the matter for good, and that Will not
find any ground for wasting a few inch
Of our editorial page.
Filipino forum. [volume] (Seattle, Wash.) 1928-196?, 1930-02-28

If the one hundred and three dollars
spent for the independence broa dcast last
req: x were spent in publishing pamphlets
re suit Wo6ld have Been aooonSi isbeed ., more