davidaulloa/AmericanStories huggingface dataset:
Evening star., 1930-06-11
DENIES BEAR RAIDS
WERE PANIC FACTOR
Stock Exchange Head Says Large
Short Position Might Have
Helped Market.
BY the Associated Press.

BOSTON, June 1.-THE 1929 stock
market panic taught several lessons, but
no practical measures have been sug-
gested which could either have prevent
ed it or minimized its force, Richard
Whitney, president of the New York
Stock Exchange, said in an address last
night.
The newly elected president of the
Stock Exchange, who. as acting preSi-
dent, Steered the trading mart through
its greatest crisis. gave his views on the
panic in an address before the Boston
Association of Stock Exchange Firms.
It was his first important address since
succeeding E. H. H. Simmons as presi-
dent, and was made in the city where
he began his career.
Mr. Whitney disclosed the result OF an
investigation by the business conduct
committee of rumorS of bear raids dur
ing the height of the Autumn iquida-
tion. OuestionnaireS to Stock Exchange
houses on their condition at the close
of business on November IL, which
marked virtually the lowest point OF the
drop in prices, discredited rumors OF
large short position.
1T was found Mr. Whitney said,
that the aggregate amount OF bor-
rowed stock was so small as to be almost
inconsequential, being in fact only about
One-eignLn Oh one per CeHI VI OIL SVoSAo
listed on the exchange. 1t seems
worth while to point out that In gen
eral, the extraordinary absence OF bids
for the purchase of stock throughout the
| panic would indicate an absence Of a
sufficient short interest to give the
market its ordinary stability. If early in
the Fall a large short interest had ac-
cumulated presumably stock prices
would never have reached the great
heights they did before the panic and
also added buying power during the
panic would have been afforded by
short covering"
Discussing the lessons the crash
taught, Mr.. Whitney said 'it is my feel
ing that in the panic, the stock ex-
change demonstrated the necessity OF
holding it's markets open as far aS is
humanity possible, even in the face OF
great liquidation. When prices decline
drastically amid heavy trading and pub
lie excitement, there always has been,
and always will be, those who imagine
that closing the Stock Exchange would
provide helpful remedy. To this view,
their fear of financial losses and even
of business insolvencieS very humanity
urge them. But such an attitude loses
sight Of fundamental economic prin-
cipleS''
Evening star., 1930-06-11
INVESTMENT TRUSTS

NEW YORK, June IL (P.-Over- the
Evening star., 1930-06-11
d TRANSACTIONS ON THE NEW YORK CURB MARKET

Notce-An stocks cold In hundred share lots
excepting those designated by the letter (65s) (2S5)
viii AhnHS those at0cka To be cold nnlY.
Evening star., 1930-06-11
Business Notes
3y the Associated Press.

BY the Associated Press
NEW YORK, June 11.-Resident buy
ing Offices here reported that recorders
for seasonable merchandise were again
quite heavy at the start Of the week.
Most Of the business was received
through the mails. Telegraphic orders
were of about the same proportions as
week ago.
An index prepared by the Bureau
of Business Research of New York Uni
versity for the National Wholesale
Grocers' Association shows that whole@
sale grocery prices in May reached the
lowest point since January, 1922. The
index number, based on daily quota
tions of "a representative grocery items
was 95.7 for May. a decline of b1
per cent from April and 1877 per ceHa
from the index for the corresponding
month last year. The only item that
showed a slight increase last month was
rice. Those showing lower averages
were raisins, lima beans, flour, oats,
corn meal, pruneS, sugar, coffee, tea,
tomatoes, corn and lard.
Policies amounting to $33,108, 900
were taken out by 1927 employees of
the Sinclair Consolidated Oil Corpora
ton and subsidiary companies in the
first year Of the group life insurance
plan of the corporation, just completed.
The eligibility requirement Is six
| months service.
American machinery for the manu-
| facture of tools and similar products Is
in heavy demand among foreign manu-
| facturers, who plan to compete with
American manufactured products, ex-
| port circles here have pointed out.
| Orders from France, BELGIUM, Ger
many, Sweden, Russia and a number
of other countries are reaching machine
tool builders in this country in q
volume equal to the high totals at
tanned during the first six months Of
| last year.
Evening star., 1930-06-11
CURB SHARES DROP
IN FRESH SELLING
Market Slips Off After Firm
Start-UtiIities Are
Hard Hit.
BY JOHN A. CRONE.
special Dispatch TO The Star.

special Dispatch TO The Star.
NEW YORK, June lin an effort
30 continue the rally of the preceding
session. the Curb Exchange today held
fairly firm until noon. when wave of
selling, which first hit the utilities.
spread over most of the list. Trading
up to that time was only one-haH VOL
ume Of Tuesdays session.
The opening. unlike that of Tuesday,
was not marked by the appearance OF
big blocks. While there was an early
belief on the floor that the rally OF
Tuesday was more than technical, the
slide at noon on a reduced volume OF
trading proved diSconcerting.
Electric Bond & Share opened up q
only, to react nearly 3 points around
midday. Goldman Sachs, Opening at
1885,, showed an initial gain of Is, which
was soon wiped out and replaced by q
net loss from the previous close.
Cities Service at its initial sale of
305s was 1s higher, but 1t fell close to
80 near midday. Transamerica at "a "a
showed an overnight gain of Is points
which soon was replaced with loss OF
twice that amount.
Coincident with the announcement
of an issue of f1 100000 of per cent
15-year debentures in London, the ordi-
nary shares of Roam Antelope scored a
gain of point in this market.
Deere & Co. was hard hit while the
midday selling wave Reared its peak.
Opening up % at l181s Deere held
fairly steady until noon when it began
a plunge that within Is minutes car
ried it down to 1073s.
Standard Oil of Indiana plans big
expansion program in which pan-Amer-
lean and other units operating in for
eign fields will play an important part.
When some of the details Of this plan
became public, traders turned bullish
on the stock, which, however, sold off
with the rest of the market.
Associated Gas & Electric certificates,
conspicuously weak in recent sessions,
jumped 5 points today, following the
announcement that the company had
sold 1900 automatic refrigerators with
in six weeks. This is said to be the
largest number of such units ever sold
by a utility In single campaign.
Federal Screw, whose earnings have
been effected because of the slackened
activities of automotive manufacturers.
fell points to new low price for the
year.
Evening star., 1930-06-11
NEW YORK COTTON

NEW YORK, June II (SpeciaD -
The cotton market developed consid-
erable irregularity today and, after an
active covering movement, advanced 10
to Is points A weak stock market
caused re-selling on scale that estab-
lished new low records for the year in
the last hour.
Commission house interests released
contracts purchased recently and pro-
fessional operators sold toward the
close, leaving the list at the bottom
with a loss of about 10 points on the
day and the lowest closing thus far
this season. Spots were reduced is
points to 1910.
Cotton range.
Evening star., 1930-06-11
GRAIN MARKET

CHICAGO, June II (P)-Late reports
of rainfalls in Canada gave a decided
advantage to the selling side of the
wheat market today, and prices under
went a material setback Virtually no
attention was paid to the oficial crop
report from Washington, although the
condition of Spring wheat was given
as 85.7, the lowest with only six excep-
tions, since 1867. With no export demand
of consequence, about the sole source of
buying was that from previous sellers
Wheat closed heavy, at almost the
days bottom level, 1912 a bushel lower
than yesterdays finish. Corn closed ga
IL down; oats, Aa1a OF. and provi-
sions varying from IL decline to a rise
0f .
Evening star., 1930-06-11
COTTON CLOTH SALES.

NEW YORK, June II C4p.-The As
sociation of Cotton Textile Merchants
reports that sales of standard cotton
cloth for May amounted to 500 per cent
of production. Shipments we're 97.9 per
cent of production. Stocks increased l 8
per cent during the month. while un-
filled orders decreased 23.9 per cent.
Evening star., 1930-06-11
POWER FIRM EXPANDS

NEW YORK, June IL C4D.-The Ca
madam Power & Paper Corporation has
acquired the Anglo Canadian Pulp g.
Paper Co., on the basis Of an exchange
of 2h shares Of Canadian Power for
one share of Anglo
Evening star., 1930-06-11
CHICAGO STOCK MARKET

BY the Associated Press.
CHICAGO, June 1l.-Following is
the complete list of transactions in
stocks on the Chicago Stock Exchange
Evening star., 1930-06-11

In the last Ave years the, consumption
of bread In Paris has decreased by
5000, 900 loaves a year.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-09-27

cry, unemployment They look across
the border to the Red Soviet Union
and see the wonderful building of
socialism and collectivized farming
and they declare; So 1Oe 10iU build
Another section of the population,
the petty-bourgeosie, including peas
ants and even some workers, dis
gusted with the scoundrelous social
democrats and deceived by the rad
icaP phrases and promises of the
National Socialists-the fascists-
turned fascists. Many of these ele-
ments will be soon disillusioned and
will march to the left-to the Com
munist Party.
Today, the struggle becomes shrp-
er. Eve are on the offensive" de-
clares the Communist Party, leading
100000 revolutionary workers and
peasants. The struggle sharpens be-
tween the workers and the capital
lists who are openly discarding par
liamentary democracy and are ready
with the aid of the social-fascist So
cial-democracy to establish a fascist
dictatorship in Germany. The Com
munists place the Proletarian dictat-
Continued on Page s.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-09-27
Do As the German
Workers Have Donel
AN APPEAL OF THE IMPRISONED NEW YORK UNEMPLOYED
DELEGATION

Four and one-half million German
workers and poor peasants have cast
their votes for the Communist Party
and German Soviet Government!
The German workers, millions I'M
employed, millions facing sharp
wage-cuts, working like machines in
the shops, suffering through II years
at the hands of the victorious i'm
perialist powers and their associates,
the German capitalists; suffering
from the crushing burdens of the
Dawes and now the Young Plan; be-
trayed by the social-fascist social
democratic party and trade union
leaders-the long suffering German
workers and poor peasants who have
been shot down by social-democratic
police and fascist gangs-have $780,
900 broken from the control and in
fluence Of the capitalist and social
fascist parties and voted for the
Proletarian Revolution.
A large section of those votes came
from the organized workers who are
fighting against the treacherous So
cial-democratic policies of class-col-
liberation with the bosses; another,
perhaps even larger, section is from
the midst of thhe unorganized I'M
skilled and semi-skilled, all of whom
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-09-27
WORKING WOMAN
AFFAIR SUNDAY
Plans Fine Program;
Appeals for Aid

NEW YORK.-"A Night in Red
Russia" a very unusual proletarian
affair, will be presented Sunday
evening, September %, at Irving
Plaza Hall, 18th st. and Irving
Place, for the Working Woman"
the Communist organ of the work
ing women Of this country.
Among the many delightful num-
bers on the program will be songs
of the Soviet Union, Negro work
songs by Charles Burroughs, revo-
lutionary dances by Lily Mehlman
and a group of children dancers
from Kinderland, mass singing,
workers movies, etc. There will
also be dancing and refreshments.
Admission is fifty cents.
The affair is held in connection
with the drive of the Working
Woman for $4,000 Sustaining
Fund and for 1000 new subscribers.
The following appeal was issued
yesterday by the Working Woman:
Communist Party members and
sympathizers, how many of your
wives, sisters, daughters, mothers
share your views about the CAPT
talist system and the, establishment
of a Workers and Farmers Gov
eminent in the United States? How
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-09-27
JURY C0MME:NDS
The failure TO
STOP LYNCHINC
Accusation of Rap
Falls Flat

TOWNSVILLE, Ga, Sept. 90
Two new developments occurred to-
day in connection with the lynching
yesterday of the 20-year old Negro
youth, Willie Kirkland, which fur
Their serve to expose the role of the
bosses and their state machinery in
the lynching terror against the Ne
gro workers.
The first development came with
the forced admission of city officials
that Willie Kirkland was confined in
convict camp and worked on the
chain gang every day and that he
therefore could not have had the
opportunity for the alleged attack on
a nine-year-old white girl. Even the
warden at the convict camp reluct-
antly admitted that Kirkland was in
sight of the guards druing the en-
tire day on which the attack was
supposed to have been made.
The second development, offering
Continued on Page 81
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-09-27
MUNICH DAILY
IS SUPPRESSED
Berlin Mass Meeting
of Red Supporters

BERLIN, Sept. 26.-The Munich
daily organ Of the Communist Party,
the Neuezeitung, was suppressed yes
terday till the fourth of October on
charge Il treason.
The fascist uniformed parade sup
posed to take place last Sunday was
called off at the last minute by Hitler
without assigned reason. 1t was sug-
gested that Hitler probably felt that
display of force would scare the
banks, bourse (stock exchange), ETC.,
which would affect unfavorably the
fascist chances of participating in
theh government.
The Communist Party calls mass
meeting of its Berlin supporters
Sunday at Lustgarten.
The Bruening cabinet is still con-
ferring secretly about reported vio-
lent differences within the cabinet.
The finance problem is still very
knotty and five percent wage cut
for lower officials, and ten percent
cut for higher officials plus an in,
crease in unemployment contribu-
tions are suggested.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-09-27
By ALLAN JOHNSON

1t is not in Tweed, or Kelly, or
Croker, or Walker, or Roosevelt,
or Smith that the Daily Worker is
interested. 1t is only in what they
stand for AMI the manner in which
they and their masters combine to
exploit the masses. An expose of
Tammany Hall is in reality, then, a
description of how a capitalist gov
eminent functions when the work
ers have been "allowed" the right
to vote; of how it utilities the press
and the church and the schools and
corrupt Representatives of the peo-
pie" to create the illusion that the
masses are being given the right to
elect their own officials when they
vote for such hypocritical thieves as
AL Smith and Jimmy Walker and
others of their ilk.
Convict Still Rules Queens
Tammany leaders, but their
methods remain the same. Today
the honorable Mr.. Connolly, who
was formerly borough president of
Queens, resides in his palatial cell
in an East River island jail, where
he was sent for one year after
stealing more than $15,000,000
from Queens residents. Mr.. Con-
molly is provided with all the luxu-
ries of a Park Avenue parasite.
From his very comfortable cell,
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-09-27
FIRST TASK
TO BUILD Up
MOVEMEN 7
Base Councils on the
TUUL Unions for
United Struggle
Back Insurance Bill
Communist Candidate
Speaks in New York

NEW YOR.-A number of unem.
ployment conferences on city scale
are being held tomorrow to adopt de.
mands for immediate relief from city
| treasures, to formulate the further
policies to enforce granting of these
demands such as demonstrations,
hunger marches, ETC., and to mobilize
support for the Workers Unemploy-
ment Insurance Bill. The bill de-
mands that all war funds and
enough of the appropriation for mis-
government of U. S. already made,
plus more to be realised on a levy on
all incomes over $4,000 per year,
shall be set aside by the national
government to establish a $5,00O,OOO
fund to give $25 a week with S. more
for each defendant to every jobless
worker. 1t provides the insurance
shall be administered by committees
elected by the workers and the job
less.
City Must GoUe Relief
The demands for relief to be
granted Immediately from the city
treasures will undoubtedly follow
more or less the suggestions for such
demands already submitted by the
Trade Union Unity Council in New
York. The jtbless will demand that
SURPRISES in the city treasures, half
the swollen salaries of the political
henchmen of big business who hold
city office, funds set aside to en-
large the frame-up machinery, the
courts and police forces, be given to
the starving unemployed.
The conferences have a further
task. They are organizational CEN
tiers, and proceed under the slogan,
Build the Councils of the Unemploy-
ed around the Red Unions" The
building of the Trade Union Unity
League Unions, the accumulation of
a 100000 Organize and Strike
Fund the campaign for unemploy-
ment insurance and unemployment
relief and the campaign to Organ
lie and Strike Against Wage Cuts"
go ahead as single struggle, waged
by the starving unemployed and the
workers still exploited on the jobs.
NeW York Conference
The New York conference will be
held Sunday beginning at 10 AM,
at Irving Plaza Hall, 18th ST., and
Irving Place. A large number of
credentials from Councils of the I'm
employed have already been received.
This conference will be addressed by
Richard B, Moor Negro worker and
Communist Party candidate for at
torney general of New York state.
The conference in Philadelphia
will be held today and tomorrow at
80 North Tenth ST. 1t will be com
bined with T. U. U. L. district
conference. Other conferences in
other cities will also take place.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-09-27
DEMONSTRATE TOMORROW
TO PROTEST FISH WAR
PLOT AGAINST U.S.S.R.
Bare Frauds of Congressional Committee on
Day After It's New York Sessions
Kopman, Anti-Soviet Liar, Swindler; u. S.
Dicks Protect Him From Summons Server

NEW YORK. - Denouncing the
imperialist war plotters and their
Fish Committee hearings which re-
opened here yesterday as confer
ence of stool pigeons who are out
to appropriate another five million
dollars in graft under the cloak of
investigating "red" activities in or
der to increase the campaign of
fascist terror against the workers
militant organizations in this coun-
try side by side with the attack
against the Soviet Union, the
Friends of the Soviet Union, New
York District, is making final prep
arations for the monster demonstra-
ton in defense of the Soviet Union
which takes place tomorrow at $3.50
p. m. at Star Casino, Lexington Ave.
and 10th St.
Speakers at the meeting are NJ.
j. Olgin, editor of the Morning Fret
heit; DR.. E. Reed Mitchell, and Prof.
L. Carey, who have just returned
from the Soviet Union; Max Be
dacht, of the Central Committee OF
the Communist Party; Norman Tai
lentire, and others. The program
includes the full Freihett Gesangs
Verein, which will sing in English
and Russian, cartoons by Gellert,
Chopper, Burck.
The Friends of the Soviet Union,
New York District, requests work
ers from the shops and unions to
come in delegations and bring their
banners which will be hung in the
hall.
The Fish Committee sessions be-
gan yesterday with a long wait, the
room assigned in the Department OF
Justice Building at Lexington Ave.
and 41st St. gradually filling with
subpoenaed White Guard Russians
anxious to tell more lies against the
workers of the Union of Socialist
Soviet Republics, but with the four
chairs set for the Fish Committee
significantly empty for hours.
The room is the same tiny one
used in the last sessions here, but
the number of chairs set for the
public at what is reputed to be a
public hearing has been increased
from II to q.
When the session finally got I'M
der way, shady character named
Aaron Kopman was inside to "tes-
tify" against the Soviet Union The
Department of Justice men chased
out of the hallway a man with a
summons for Kopman who, accord
ing to the summons server, had left
suddenly for Europe after having
swindled several thousands OF dol
lars. kopman has three daughters,
according to the summons server,
who are so disgusted with his rot
ten actions that they refuse to rec
ognize him and have changed their
names. Kopman was of such
character that the workers OF the
Soviet Union had to put him in
prison. After his release, he sold
lying series of articles to the
Hearst papers. Kopman was OBJ
served by workers barred from the
hearings to be fraternizing with
Delgass, the discredited former Am
tory employee.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-09-27
J0BLESS CONFERENCES TOMORROW DEMAND RELIEF
COwardlv Betrayals

good fowery phrases damn
the fight against nchn Much stronger methods will be
before the theory superiority examped
by the acts of depravd nchng mobs
United States Only
their accompces in public office will give protection the Negro
This concusively
the ynchng of Willie kirkland 2Oyearold Negro youth in Thomas
of
yearod child telling
superiority propaganda hastily
enen transferring kirkland nearby for safe keeping
prisoner easily by hanged nearby
tree and then tied behind automobile dragged through the
hardly however
The warden of the local prison admitted that Kirkland
serving the chain for what most likely fakedup charge
of horse stealing could have been guilty the alleged
the g2 because all that day he had chain
with the other prisoners This clearly that Kirkland
dered for a crime which he had not committed.
jury praised
if for peacefully turning his prisoner the mob Eve wish
in which he handled the crowd the Jail ockde
boodshed knowing
southern jury only
ested in covering up and protecting the white mob
Under circumstances should petit
bourgeois paci bossservng Negro that phrases
protests fight against ynchng
not merely fight against few depraved individuals but
signed to make possible the continuous exploitation the Negro
by the white bosses.
wha We Negro papers
theoretically supporting efforts rally the Negro and white work
in the struggle for social economic political equality and
the right of sefdeemnaon Noteworthy these the Lib
official the The
majority however of the Negro betrayn this struggle
1t impossible for them in view rapid increase lynch
ings and the growing the Negro for anti
lynhng
All edtoraize
do they call the the struggle
lynhng? Decidedly
to the white BOSSES who only continuing law
and the Negro preachers nlectuas capitalists who
have long
Chicago Defender defene)
concludes editorial
would make Communism far less gamorous" they would ZEN
dvor to do something help the Negro Other Negro only
frequently follow the line.
the into believing that these fighting the in
the reality
this
ardy They Lberator which
really their They increasingly ayng behind
the November
leader the militant Negro all
capitalism This will shown this
election