davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
FRENCH BONDS FIRM
IN CABINET CRISIS
Fall of Tardieu Ministry Has
Little Effect on Securi-
ties List.
BY CHARLES F. SPEARE.


Special Dispatch to The Star.
NEW YORK, December 6.-The fall
of the Tardieu government in France
has had slight effect on French dollar
securities listed in the New York mar
ket. Aside from fractional decline in
the government ne per cent loan,
French issues held up with the same
steadinesS that they had exhibited dur
ing each one Of the political and bank
ing crises that have occurred in France
during the year.
At the time of the outbreak of bank
ing failures in France last month, there
was some feeling in investment circles
here that French dollar loans might be
sensitive to these developments, but
they went their normal way with less
than point decline in the entire group.
The slight reaction that occurred in
them gave the French government fur
| ther opportunity to retire it's external
debt, which is now at the lowest point
since the war.
Weakness in Sterling.
OF more interest to American bank
ers than the political upset in France is
the condition reflected in the weak.
ness in sterling exchange Associated
with this is the steady increase in the
Bank OF France gold holdings at the
expense of the Bank of England Dur
ing November about $30,O00,O00 was
shifted from London to Paris Unless
the situation in the exchange market
Is corrected, there will be further
drafts on the English bank by the
Bank of France this month.
A significant item in the Bank of
France statement this week is the in
crease Of 200000,000 francs in its sight
balances abroad This suggests that
French n hof rfo
ling in order to support that market.
Sterling bills in Paris this week have
been at the lowest for a long time
Gables today from the French capital
indicated that Montague Norman,
governor of the Bank of England,
will confer this week end with Gov.
Moret of the Bank of France, pre-
and gold movements.
Banker Conferences.
This question was one that occupied
a considerable part of the time which
Gov Harrison of the New York Fed
eral Reserve Bank gave during his re-
cent trip abroad to international
Owen D. Young and j. p Morgan at
tended Thursdays meeting of Federal
Reserve directors in New York gave
added Importance to reports that some
plan of procedure, by which the
French and English situation may be
assisted, is being worked out here. Mr..
Harrison also was in conference with
both Mr.. Young and Mr.. Morgan dur
ing his visit to London and Paris.
A strong effort is being made to
force France into the field of interna-
tional investments and to make use
of some part of her huge stock Of I'M
employed gold. The fact that France
has had more serious banking troubles
lately than other European countries,
in spite of her extremely low discount
rate and steady accretions to her gold
holdings, has been a surprise to bank
ers elsewhere and seems to confirm the
opinion that national politics have
been mixed in too closely with banking
affairs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
DIVIDEND FROM SURPLUS.

BALTIMORE. December 6 (SpeciaD g.
The Postal Telegraph & Cable Cor
laws of Maryland in May, 1928, by the
international Telephone & Telegraph
Co. to bring into one organization the
various Mackay companies, in declaring
the last quarterly installment on the Z
per cent non-cumulative preferred stock,
announced that this payment has been
met out of paid-in surplus. Future d1Vl-
dends, the directors said, will have to
depend on earnings.
For the first nine months OF 1880
net income, after providing for bond
interest, available for dividends on the
3O5 ,295 shares of preferred stock out
standing amounted only to $2l9,063,
whereas dividend requirements for the
period were S1,502,798. Earnings for
the nine months were at the rate OF u
cents share on the preferred. COM
pared with $3.50 reported in the same
period last year. All the common shares
are owned by the International Tele-
phone & TELEGRAPH Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
specIal plspatch to The star.

Special Dispatch to The star.
NEW YORK, December Ga moder-
ate increase in new bond and note
financing occurred this week, the total
reaching s80,2eO,OoO. Last week the
new bond issue aggregated $50, 900,
and for the previous week the total
was sos, 230,0 900. During the CORE
spending week year ago new issues
Of bonds and notes reached $164, 200 900,
which was the fourth largest total for
week in 1929.
The Offering of $35,00o0oo Toledo
Light &c Power Co. two-year per cent
notes, on a 5.25 per cent basis, con-
stituted the largest single piece OF
financing this week. The only other
public utility financing was an issue
of 100000 Peoples Gas, Light and
Coke Co. 4Ms and AIS, priced 10 yield
4.25 to AIS per cent.
Another issue OF $l5000,000 Federal
intermediate Credit Bank IS, due from
June is to December IS, 1881, was
marketed at prices to yield 2,75 to 3
per cent. Early in November an issue
of $6,000,000 per cent short-term
obligations of the bank was offered at
par.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
CHANGE IN TAXATION
METHODS SUGGESTED
Chamber Of Commerce Wants %
Improve System of Realty
Assessments.
BY the Associated Prsaa.

BY the Associated Prsas.
The United States Chamber 81 COM
merce and its afiliated membership Is
seeking to improve the methods Of as
sessing real estate.
These organizations are concerned
partly over the fiscal dificulties and
partly over the community wide eco
nomic III effects to which poor assess
ing Of real estate may lead. On the
fiscal side, they speak Of litigation over
alleged inequalities retardtng the prep
aration of assessment rolls, of court
inJunctions restraining the collection OF
taxes, OF budgets being thrown out Of
gear by changes In assessed valuation
after tax rates had been adopted and
of borrowing power artiflcially ex-
panded or restricted by arbitrary in
creases or decreases Of assessed yasua-
ton.
More particularly, however, these or
CARNATIONS are DESTROYS Of eliminating
the COMMUNICATIVE consequences of
slipshod assessing. On this side OF the
picture, they point out the depreciation
OF real estate values and slowing down
of real estate activity, to the reluc-
lance of individuals of all classes to
purchase and own homes, to the re-
tarded development of commercial
properties and whole commercial areas,
to the loss of some industrial establish
ments and the failure of others to make
otherwise desirable extensions of pro-
ductive plants-all, they claim, because
OF either high and unequal assessments
or because Of uncertainty concerning
future assessment policies.
THESE business agencies emphasize
that they are not seeking preferential
assessment status for business and in
dustry; that they are not DESTROYS of
obtaining Illogical tax exemptions for
existing or prospective business enter
prises. Quite to the contrary, they say
they want only sound and equitable as
sessment systems and are DESTROYS of
learning how such systems may be OBJ
tanned.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
NEW YORK STOCK EXCHANGE,
Received by Private Wire

Note-An stocks sold in one hundred share lots
excepting designated by the letter (80s) (250s
which shows those stocks be sold in odd lots only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
WILL RETIRE STOCK.

MACON, Ga, December [P).-W.
d. Anderson. president of the Bibb
Manufacturing Co, announced after a
directors meeting yesterday the body
had voted TO retire on January /, 1881,
Che issue of SIS. 900 900 in preferred stock
che company has outstanding
The par value of the stock is 500 and
has been paying dividends at the rate
OF 6 per cent, Mr.. Anderson said. The
stock viii be retired by paying stock
holders SOB share, plus dividend OF
So per share heretofore declared.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
RAW SILK FUTURES.

NEW YORK, December Especially
disappointing cables, with
Yokohama off to up l and Kobe 3
higher to is lower, raw silk futures to-
day were unchanged to z points lower.
Buyers and sellers were from to 10
cents apart. Houses with uptown con-
nections. the trade and commission
houses offered, with the bidding rather
scattered and mostly for dealer in
terests. Domestic news lacked feature
and the trade seemed to feel that the
market would go lower.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
BANKMANAGEMENT
CONFERENCE HERE
More Than 1000 Expected
to Attend Meeting Feb
ruary 26-27.
BY EDWARD C. STONE.

administration of the District Bankers
Association late yesterday, it was I'M
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
PARIS BOURsE PRICES.

PARIS, December 6 (P.-Prices
were weak on the Bourse today.
Three per cent rentes, sc francs 95
centimes Five per cent loan, 101 francs
Z centimes.
Exchange on London 1913 francs 81
centimes. The dollar was quoted at
rs francs 4514 centimeS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
NEW YORK BANK STOCKS

NEW YORK, December 6 up. -
Over the counter market:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
NEW BOND ISSUES INCREASE
DURING WEEK; TOTAL $50, 29O, 900

The only piece Of railroad financing
this week, which was also the first
since November, consisted of an
issue of s14,25O,000 Canadian Pacific
Railway Az per cent equipment trust
certificates. State and municipal
financing amounted to only 5000 900
and was the smallest since the week
ended on October 3. The principal Is
sue offered was $5,000.000 state of Mis-
souri, per cent road bonds, due from
l943 to l947. These were quickly sold.
Offerings Of bonds by groups for
this and last week follow:
This Last
week week.
Public utility. .,..... S43, 100000 $22, SOC, 900
Federal mt Credit Blk. lso0OOOo .....,....
State and municipal. II. 100000 2s.o47,o00
FlnaEce corporation. .......,.. 6,OOO,0OO
INDUSTRIAL ........,.,.. ......... 2,S2IOOO
Totals ..............ssO,29O 100000 SSs,474,0oO
AS was the case last week, no for
eign note or bond issues were mar
keted. The Dominican Republic and
Costa Riea are reported to have made
OvertureS here for new loans of COM
paratively small amounts, but It is
not known that the applications will
result in public financing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
.. S. TREASURY BALANCE.

The United States Treasury balance,
announced today as of close Of business
December 4, was S69.114,230.0I. Gus
toms receipts for the month to date
were $9,497 ,085.e2 Total ordinary ex-
cenditures, $780,, 5321O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
Foreign Minister Resigns.

BUDAPEST, Hungary, December
R).-Dr. Louis Walko, foreign minister,
yesterday obtained leave from Premier
Bethlen to retire and will be succeeded
by Count Julius Karoly.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06

dIluIlJuSly VOJeQ 10
entertain the CEN
trail Atlantic STATES
Bank Management
Conference in this
city on Thursday
and Friday, Febru-
airy IS and 81. This
is one of the most
important yearly
conferences held by
members of the
American Bankers
Association a n d
will bring between
1000 ana 1900 OF
the leading bank
ers in the East to
Washington.
The conference
comes under the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-06
Direct to The Star ONCE.

Continued on Page -
Nogales international., 1930-10-14
Cords PRINCIPAL
SPEAKER, ANNUAL
K. OFC. LUNCHEON

Featured by an address BY For
rner Mayor Cords OF Tucson, the
annual Columbus Day luncheon of
the knights Of Columbus Lodge was
held yesterday noon at the beauti-
full new K. of C. hall in the Lyric
Theatre building. Covers were laid
for about rs persons-Catholics and
non-Catholics.
The luncheon opened with the
singing of America, music being
furnished by Peltier's Orchestra.
Following the luncheon, Frank j.
Duffy, chairman, called the meeting
to order and introduced the speak
ers. The chairman extended to the
present a standing
invitation to attend the next an
nual luncheon. Rt. Rev. Monsignor
Duval also extended a similar in
vitation and it was brought out that
the luncheon is in the nature of an
annual get together meeting.
Jake Rochlin of George B. Marsh,
Inc, who never fails to attend a
Columbus Day luncheon, was the
next speaker. After paying a splen-
did tribute to Chairman Duffy, Mr.
(Turn to Page Six
Nogales international., 1930-10-14
MEXICO OFFERS
POSSIBILITIES
IN Il. s. TRADE

ST. LOUIS, Mo, Oct. 13 CUP)-
Mexico today offers many possibil-
tiles of foreign trade with the Uni
ted States and the country is des-
tined to become a great tourist
country, j. II. Cornyn, in charge of
the Chicago Tribune foreign news
service in Mexico, told the traffic
club here.
Mexico seems to have settled her
difficulties and offers the oppor-
tunity for foreign trade with the
United States" he said.
Commenting upon Mexico as an
attraction to tourists, Cornyn said,
the country offers all the scenic
advantages Of Europe"
although the workers of the Ia
boring class still work fer SO cents
q Cay, the wage scale in cities is
being raised and people are begin
ming to have money to spend" he
said.
Nogales international., 1930-10-14
BUSINESS BETTER
IN ARIZONA THAN
TEXAS, N. MEXICO

PHOENIX, Oct. 13-General buSi-
ness conditions in Arizona, except
in the mining districts, are much
better than in either Texas Or New
Mexico, according to q statement
made yesterday by John E. Sellers,
engineer, formerly with the state
engineers office and the City of
Phoenix, who just completed a Al
300-mile trip through Arizona, New
Mexico and Texas making business
survey.
Texas is seriously handicapped"
said Mr.. Sellers, with q heavy crop
of cotton with a low price and
slugging market. Ell Paso is COM
planning of poor collections, slow
buying and scant futures. Border
transactions are very spotted and
far below normal. The entire Pecos
valley, east of El Paso is slow ex-
cepting the oil districts around Mid
land. September movements, that
ordinarily mean a much more ac-
tive market, are far below the gen.
eral trend and considerable pessi-
mistic outlooks are talked of
throughout the district.
Business Spotted
New Mexico is also spotted. The
northern portion is beginning to
show improvement while the south
ern portion is very sluggish and Of
fers little opportunity for normal
pickup until after the holidays. The
(Turn To Page Three
Nogales international., 1930-10-14

tention to complete the building by
January l.
The Elks acquired the site sew
eral weeks ago and the bids were
opened Saturday. A number of con-
tractors from Tucson and Phoenix
submitted bids but Rankin was the
low bidder on the general construc-
tion and Neumann was low on the
plumbing job.
The building will be two stories
high, with basement. The base
ment will be equipped with bowling
alleys and billiard tables, lockers
and showers. The ground floor has
been leased to the Arizona Grocery
company for a period of five years
with a renewal option. On the Sc
cond floor will be the main lodge
room, reading room, ladies' lounges,
kitchen and anti-rooms.
A fund of $4,000 is now being
raised by the Elks to furnish the
building in keeping with the high
quality of the structure itself. It
will be built of brick and concrete,
with hardwood floors and interior
finish and will be one of the most
substantial buildings in Nogales.
IL Bidders
There were IL bidders for the
general contract on the Elks build
ing. Highest bidder was Herb Brown
of Tucson, bidding $34,379, and low
est was c. D. Rankin of Nogales.
Of the II bidders, four were from
Nogales-John Phillips, Moody e.
Farmer, John Burton and Frank
Lown bidding together, and Nrr.
Rankin
The contract was awarded by the
BOard of Trustees of the ElkS Lodge
made up of E. F. Bohlinger, j. j.
Lowe and Harry R. Renshaw.
Nogales international., 1930-10-14
FIRST DEMOCRATIC RALLY OF
THE CAMPAIGN TO BE- Held
ON NIGHT OF monday OCT. 20
United States Senator Carl Hayden
And Party OF Candidates Will
Speak Here On October Il

mittee 1t was the first meeting
held in the democratic headquarters
and the place was packed to capa-
city. Every member of the commit
tee was present either in person or
by proxy and many of the county
nominees also attended and took an
active part in the proceedings.
Speeches were made by Victor J.
Wager, C. G. Crenshaw, Robert A.
Campbell, Ed Bohlinger, w. F. Ov-
erton, Judge Chas. E. Hardy, A.
Dumbauld, Frank j. Duffy, county
chairman, and Al Kirk, managing
editor of the Nogales international.
1t was the most enthusiastic meet
ing held in the present campaign
and reports submitted by the var
ious committeeman and candidates
showed that everyone had been ex-
ceedingly active the past week.
Out To Win
The democrats are out to win
this election, it was plainly seen by
the attitude of those who spoke as
well as those who listened. Many of
the speakers were interrupted time
and again by storms of applause.
It was pointed out by the speak
ers that dirty politics" are being
escorted to by the republican faction.
1t was said that reports are being
circulated by the republicans that
promises are being made by demo
cratic candidates in order to Sc
cure votes and such reports were
denounced as untrue,
unfair and unethical.
Another speaker called attention
to the ridiculous reports issued to
the effect that the republican super
visors had reduced the taxes through
the practice of economy, when as q
matter of fact, they said the ex-
penses of the county had been in
creased and taxes likewise would
have been increased had it not been
for the back taxes and interest COL
Iected by A. Dumbauld, the demo-
cratic county treasurer.
In the opinion of the speakers,
he republicans of Santa Cruz coun-
~ already realize they have lost and
hey are working harder than ever
before in the history of the county.
Judging from the reports of the
democratic candidates, however, it
(Turn to Page Six
Nogales international., 1930-10-14

Henry G. Boice of Patagonia has
been officially notified that by the
death of Victor Culberson, he has
automatically become head Of the
American National Livestock asso-
ciation, the largest organization Of
it's kind in the United States. Mr.
Boice was first vice-president of the
association at the time of Mr.. Cul-
berson's death, which occurred at
Silver City, N. M, September 81.
The Arizonian was serving his
fourth term as vice-president.
Mr.. Boice maintains headquar-
tiers in Phoenix in the offices Of the
Arizona Cattle Growers association,
of which he was president for five
terms. The Chiricahau ranches.
which he operates in partnership
with two brothers are scattered in
Nogales international., 1930-10-14
HI SCHOOL BAND
TO GIVE CONCERT
On OCTOBER %

The Nogales High School Band of
40 pieces will appear in concert at
the Ali Baba Camp Theatre Thurs
day evening October %, p. m.
The band will make a splendid
appearance in their new uniforms
and we predict another pleasing
concert under the direction of Pro-
fessor C. E. Gaylord who has now
schooled our boys and girls in play
ing concert as we'll as military.
Tickets are on sale by Rotarians,
at Chamber of Commerce, news
paper offices or the drug stores. Ev-
eryone is invited to attend and help
make it better concert, as we'll
as helping to pay for the new uni
forms and parade equipment.
Program
of Arizona" (new march)
De Luca.
2.-"Zacatacas" (Mexican march)
Juan COdina.
3.-"Wedding of the Winds" (Waltz
Suita) Hall.
4.-Vocal ensemble with violin and
piano. Schubert.
5.-"Hungarian Lustspiel" (overture)
Keller Bella.
-"Thunderer" military March,
John Philip Sousa.
7.-"American PATROL request)
Meacham.
8.-"Stars and Strips Forever" (Fi-
naIe). Sousa.
Nogales international., 1930-10-14
CONGRESSMAN DOUGLES TO
SPEAK HERE OCTOBER 27

Congressman Lewis Douglas has
been added to the list Of demo-
cratic orators who will speak in No
gales on Monday, October 27, ac-
cording to a letter received yester-
day by County Chairman Frank j.
Duffy. Congressman Douglas is now
elroute to Arizona from Washington
and will join Democratic Campaign
Farty No. 2 at Duncan on October
1G.
Nogales international., 1930-10-14
PATAGONIA MAN NEW HEAD
OF BIG LIVESTOCK ASSOCIATION

several southern Arizona counties
and are said to comprise one of the
largest cattle outfits in the south
west.
The offices of the National Live
stock association are maintained in
Denver. Mr.. Boice will serve out
the term which ends next January
when the organization holds its an
nual convention in Seattle. Friends
said he was reluctant to assume his
new responsibilities to assume his
new responsibilities at this time,
due to pressure of personal business.
Nogales international., 1930-10-14

Nogales and Santa Cruz cOun-
ty will turn out in full force on
Monday, October 20 to welcome
George w. p. Hunt, democratic
candidate for governor, and his
party when they arrive here for
the big democratic rally that
night, and another rally will be
held the following Monday night,
October 27, when another party
Of state democratic candidates
arrive here headed by United
States Senator Carl Hayden.
This was decided Friday night al
he weekly meeting of the Santa
,l11z county democratic central COM
Nogales international., 1930-10-14
{. D. RANKIN GETS CONTRACT
FOR ERECTION OF NEW ELkS
BUILDING; TO COST $4,000
Construction Work To Begin To Once;
Rankin Bid Lowest OF Twelve
Submitted For Job

Contract for the construction
of the new ElkS' home was a.
warded Saturday to Charles ID.
Rankin, general contractor,
whose bid was $4,000 and the
Neumann Plumbing & Heating
company was given the plumb
ing contract ON a bid of $3,4O0.
The building will occupy ground
space of SO by 80 feet and will
front on Arroyo boulevard. The old
buildings on the site have been
torn down and work of excavating
for the basement and foundation
will begin this week. It is the in
Nogales international., 1930-10-14
Alleged Forger
Is Caught Here

Martin G.. Paredes was arrested
Friday night near the international
line by Policeman j. Gorham on in
formation furnished by Globe au-
thorities, charging him with forgery.
R. D. Jackson, deputy sheriff of
Gila county, arrived from Globe Sat
lrday and escorted the prisoner back
to Globe where he will stand trial
Nogales international., 1930-10-14
Finish Check-Up
On County Books

ton Of the countys books and re-
cords, r. j. Reynolds and F. A.,
Whiting, state examiners, left for
Phoenix Saturday.
The work of auditing the books
and checking over all Of the records
took the examiners more than ihcee
weeks time. They will make their
report direct to Governor Phillips
Nogales international., 1930-10-14

Ministers are sticking to the pull
pits, which seems logical enough for
this generation but those who can
remember back half century re-
call when some ministers aspired to
public office
Nogales international., 1930-10-14

c. E. Wibel, Jr., chairman of the
board of the Western Public Utili-
ties corporation, returned to Los An
geleS by the overnight air line af-
ter visiting his father, c. E. Wibel
ST., who fifty years ago was man
ager of the old Public Utilities Con-
solidated corporation, but now re-
tired. The Western syndicate con-
trolls all of the electric railways and
lighting systems in California, Ari-
zona and Nevada.
Gunmen are just as active in Chi
cago as they were fifty years ago
during the administration Of Big
Bill Thompson.
Nogales international., 1930-10-14

BonSal Noon, Jr., has just been
appointed general counsel for Stone
g. Webster, one of the largest pub
lie utilities corporations in America.
He will leave tomorrow for Boston
to assume his new duties. He is the
son of Bonsal Noon, Sr., prominent
member of the Arizona bar and a
native of Nogales.
Nogales international., 1930-10-14

Republican candidates in Arizona
are still making promises and the
democrats are still defeating them.
Nogales international., 1930-10-14
so YEARS HENCE
In NOgG[es

(Being an insight into the future
instead of Happy Days in the
Old Town, or Fifty Years Ag0"O
BY AL KIRK
Nogales international., 1930-10-14

The various political parties in
Arizona have entirely abandoned the
idea of a platform. They have agreed
it doesn't mean anything anyhow.