davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1930-04-09
TOURNAMENT PRIZE
AWARDS TOMORROW

Bringing to a conclusion a most
successful tournament, the bridge
luncheon to be given in the Ten
Thousand club house by the card
committee, promises TO be one of
the outstanding events of the week.
A tempting menu has been plan
ned for the luncheon and the com.
mittee has secured handsome prizes
for the winners of tomorrow's game
and for the victors in the entire
tournament as well.
1t is expected thar the attend
ance viii be unusually large in view
of the fact that this win be the
final luncheon of the series and
those planning to be present are
asked TO notify Mrs. Arthur Edgar
or Mrs. d. r. Deebie by tonight.
Imperial Valley press., 1930-04-09
DO you
WANT
81 ZE
OR
SOAP7

WHEN you buy soap, the only
way you canfell how much you're
getting for your money is by the
speiebf cf tbe package. Size means
nOthing. A large carton full OF
soap fakes or bubbles can con-
tain actually less soap than a
carton of White King Granu-
lased Soap half its size!
That's because White King
Granuiafed Soap is condensed.
Ii packs closely in the carton,
like powdered sugar. And it's
.ebsoissely .bsre and s9Je... for
blankets, dishes or lingerie.
White King Granulated Soap
is not only the safest but the most
economical soap you can buy.
A little of it goes a long way. A
teaspoonful TO the basin of water,
or cupful TO the tub-no more!
Your grocer has il.
Imperial Valley press., 1930-04-09
Better Price On
Valley Acreage

John D. Kelly, Santa Ana capital.
ist. who has considerable acreage in
Imperial Valley, calls attention of
the Press to an error in the Anr;l
4 issue relative to The sale of land
by him to Ellis l.. Bennett.
The price obtained for so acres
of land in the Alamitos district was
given as $4,000 when it should
have been 100000.
"All good land in the valley ;s
worth 5000 to $500 an acre." Kelly
states in a letter to the Press. "and
if properly managed will pay q
good return over period of wears !.
Imperial Valley press., 1930-04-09
Grant Addresses
Local Lions Club

L. s. Grant, manager of the L.
S. Grant Equipr~ent company, was
the speaker at the Lions club meet
ing yesterday at the Barbara
Worth hotel, giving an interesting
discussion on automotive and tire
history from the manufacturer 3
standpoint.
Changes in the attitude of the
manufacturers toward their dealers
have taken place w-.hin the past
ear, Grant declared. The policy
now is protection for the dealer
rather than forcing him to take so
Imperial Valley press., 1930-04-09
Social Brevities

One of the interesting events of
the week is the one act comedy,
"The Neighbors, which will be
presented Friday evening, April IL,
at 8 O'Clock by the Bible class Of
the Seeley church.
The Missionary society Of tn e
Presbyterian church will hold an all
day meeting tomorrow at 10 o clock
=. the home of Mrs. Eva Horton,
$40 South Sixth street A pot luck
luncheon will be served at noon and
the day viii be occupied with sew.
ing for the Haines mission in
/ Alaska.
A meeting of the executive com.
III ttee of the American Legion Aux
ilary win be held tomorrow evening
a. 7:45 at the home of Mrs. Charles
! L. Farrell, 552 Len Rey avenue.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
BANKER EXPRESSES
BUSINESS OPTIMISM
President of Investment Associa-
ton Finds Financiers Undis-
turbed by Fears.
Nv The Associated Press

BY the Associated Press.
NEW ORLEANS, October 13.-The
board of governors and special commit
tees of the Investment Bankers Asso-
citation of America, which assemble in
annual convention here today, in a
series of pre-convention meetings yes
terday disposed Of routine matters and
clared the way for the financial gath
erings' first session.
Following the meetings, Trowbridge
Galloway, president of the association
and a member of the investment firm
of Galloway, Fish 81 Co. of New York,
said he found that investment bankers
from all parts of the Nation ARE calm
ly optimistic" undisturbed by the vague
fears that have been so prevalent"
A clear note of business optimism
rang through a statement Mr. Galloway
issued on the eve of the convention
This convention, the nineteenth an
nual meeting of the investment bankers
of America he said, while it is
smaller than usual has fully adequate
representation from all of the asSocia-
tons different groups in the United
States. In common with other lines
of business, we have been going through
trying experience, nevertheless only
few of our working force are absent"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
HOPEFUL MARKET
FACTORS ARE SEEN
Developments of Next Few
Days May Improve Bust
ness Confidence.
BY F. H. RICHARDSON.

Special Dispatch to The Star.
NEW YORK, october 13.-Wall
Street looks upon the holiday today as
full stop, which lends emphasis to
the unsettlement in the security mar
kets of last week and, in effect, cleans
the slate for the next lesson. What
this lesson will be depends much on
the outcome of many important devel-
opments scheduled during the next few
DAYS at home and abroad.
The public was not hurt in last
weeks crash as it was in that of last
Autumn The public, as matter OF
fact. has behind it a large backlog OF
savings and q new sense of discretion.
1t could, If so minded, send security
prices upward with irresistible force.
That It is minded to invest heavily
either in common stocks or in bonds
at present is doubtful But the cur
rent week, while not likely TO see an
abrupt upturn, may witness more
cheerful light thrown on domestic and
international affairs.
Situation Abroad.
AS anticipation of disaster almost
always causes more unSettlement than
tire event iself. 1t may well be that the
reOpening of the Reichstag today will
clear up the German situation.
Whether or not Chancellor Breuning
sees his way clear to retaining office
without again dissolving the Reichstag,
at least the tension will be eased for
the time being.
In Brazil, the next day or so will
probably see a trend either for or
against the revolutionary forces and
give an indication as to the ultimate
outcome More reliable information in
connection with events in Brazil would
do much to improve sentiment.
England, in the next few days, will
know the worst of the imperial confer
ence discuSsionS-or the best. Chan
eellor Snowden's strong stand for the
labor governments avowed opposition
to protection, while calculated to en-
gender some economic unrest within
the British Empire, will do little to
change existing world trade conditions.
Also, the British Parliament meets
soon, and Britain's immediate political
fate will become clearer.
Short Interest I'm Market.
At home, in the securities market the
large short interest that the last week
has built up Is potential bullish factor
once the ball is started rolling. In this
direction, the increase in commodity
purchases by manufacturers in the past
week or two is a factor likely to cause
some immediate improvement in COM
modify markets.
Copyright, 1900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
NEW BOND OFFERINGS HELP
TO DEPRESS INVESTMENT LIST
Special Dispatch to The Star.

Special Dispatch to The star.
NEW YORK, october 13.-The COM
bination of serious rebellion in Bra
iii, another wide open break in stock
prices, further declines in commodities
and the projection into an overstuffed
market of large budget of new Offer
ings proved too much for the invest
ment market last week.
Led by Brazilians. other South Ameri-
cans, the German group and all secon-
Diary and third grade domestic bonds,
low levels for the year. Volume was
the heaviest of any week since last
Autumn's wave of forced selling.
Standard Statistics index of 80 bonds,
which includes a representative group
of domestic issues of high type,
dropped to 100 from the recent high of
1919, but this was not at all repre-
sentative of the drastic declines in the
junior obligations of the railroads,
which fell 4 to 7 points all around,
and in semi-speculatiye industrials,
which We'd with South American dol
lar bonds in the width of their decline.
Extent of Decline.
Ten Brazilian issues stood at an
average of 5430 at the end of the week,
compared with their recent high level
of 92.11. Ten South American bonds
declined to an average of $3.50, as
against 93.28-a recent high level
and the average offering price of the
10 issues of 90.
These sweeping declines, which rep
resent an enormous total loss to Ameri-
can holders of the bonds followed the
Brazilian governments admission that
the suppression of the rebellion in its
Southern states would be long and
costly undertaking. Investors feared
that sinking fund and interest pay
ments might suffer and that some issues
might be defaulted even if the govern
ment did win out. In three successive
sessions, drops of IS to 40 points oc-
CURED in this group of dollar issues
Other South Americans, in accord
ance with market tradition, fell with
the Brazilians. The Argentine descrip-
tons moved down sedately to 5 points.
slid rapidly to new lows, 80 to 40 points
below their levels of only a week ago.
Forced Selling.
These losses might have been held
within reasonable limits had there been
only revolution to contend with-for.
after all, American investors have be-
come used to reading of such events in
South America-but the decline of
stocks to below their 1929 lows gener-
ated large volume of forced selling of
bonds and, naturally, the weaker is
sues were the first to go.
Coincidentally, the political situa-
ton in Germany became acute and
Chancellor Bruening admitted that an
other election might have to be held to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
SALE AND COLLECTION
SITUATION IMPROVES.
Credit Mems Magazine Reports
Increased Trade in Whole
sale Lines.
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, october l3-More i'm
provement than in any recent month
is reflected in the October trade sur
vey of Credit Monthly a publication
OF the National Association of Credit
Men. The improvement applies to both
sales and collections of Wholesale and
manufacturing firms in the 100 cities
covered
Seven cities reported sales brisk. IS
reported them fair and 81 slow. Two
cities moved from the fair" column
to good" during the month and IL
shifted from the "slow" classification
to fair"
The cities reporting brisk sales were
Milwaukee. Wis; Tampa, Fla: Austin,
Tex, and Des Moines, Ottumwa, Cedar
Rapids and Waterloo, Iowa.
Three cities reported collections good,
whereas only one city reported good
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13

secure a government with seats enough
in the Reichstag to hold power The
recent success of the radical groups
also brought up visions of such pos
sibilities as reputation of the treaty
Of Versailles and defalcation of debts.
Even DR.. Hjalmar Schacht's sincere
assurance of the worth OF German
bonds to New York bankers at lunch
con this week failed to stem the tide
more than momentarily.
The recently issued German govern
ment 5i2s dropped to over 16-point
discount while DR.. Schacht was talking
to the bankers and group of 10 Ger
man issues slumped to an average of
84.15, compared with their recent high
of 1901 and the average offering prices
of 9395.
Meanwhile liquidation made necessary
by the decline in stocks affected, first,
all second and third grade domestic is
sues and. finally, the high-grade group,
lncluding-to a small degree-United
states Government obligations.
New Offerings.
The last straw was the offering of
$l19, 739 900 of bonds, compared with
$70,063, 500 last week, as well as the
offering of $l00,O0O,000 United States
Treasury bills. bidding for SIS, 100000
of New York City issues and successful
negotiations concluded for a new short
term loan of $125. ZOO, 00osfor Germany
AS result the only issues to hold up
were those in which savings banks and
trust funds are legally permitted to
invest. Municipals and railroad equip
ment certificates and few of the very
best class of railroad mortgages chung
TO their levels. There were few casual
ties IN the latter group, as 1t became
apparent that a group of some dozen
railroad bonds, hitherto considered
legal, would be removed from the New
York list on present earnings, which
have fallen below the IL times fixed
charges ratio, condition to their
legality.
During the week Canada successfully
hoated $l00,000,000 of refunding bonds
on a 4.28 per cent basis, the issue being
oversubscribed in few minutes. This
reflected sharp demand for Canadian
bonds Cuba'S credit dropped along
with the rest of the market and had as
an additional bearish argument the
sudden crisis in political affairs there.
However, the end of the week saw some
relief for that troubled country in the
granting Of an extended credit here by
the Chase National Bank
With most of the forced liquidation
disposed of and dozens of issues selling
on a bargain basis, the market is as
sured of an early recovery. especially IL
those DESTROYS of floating new bonds
postpone their action for a time. In
deed bankers are likely to frown just
now on anything but the most gilt
edged of offerings.
Copyright. 1930)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
MARYLAND TOBACCO SALES.

BALTIMORE, October 13 (SpeciaD
Both receipts and sales of Maryland
leaf tobacco last week showed declines
compared with the previous week, the
former totaling 465 hogsheads and the
latter 982 hogsheads, leaving a stock
in State tobacco warehouses of 1928
hogsheads. Market continues active,
with prices holding firm at the fol-
lowing quotations per 100 pounds: In
ferior, 6.00a10.00; sound common, 10 90
a2200; good common, 22.50a32 90; me-
dunn, 32.50a40 90; good to fine, red
40. 50aS3.00; fancy, 53.50a54 90. Sec
onds-Common to good common, 10 GOA
$500; medium, 25.50a3500; good To
fine, 35.50a45.00; ground leaves, nonni-
nal; upper county hurley. 7.00a40. 90.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
Rail Stocks
BY GEORGE T. HUGHES.

studies 'es stocks e series sy MI r.
IL nsyes the S
the stocks discussed and gives facts
cSTtes the chi.f purD Desnd is the to ss
plain the analytical process. certain Sc
curities OF high grade being used for the
Interesting because it represents a
cross section Of so important a part of
the light and power industry is the
Electric Bond 81 Share Co. This well
known corporation controls American
g. Foreign Power and has large mi
I1ority holdings in American Power &
Light, National Power g. Light, Elec-
tric Power g. Light and American Gas
& Electric. 1t has less important in
VeStments in other utility, industrial
and banking stocks. To the companies
In the first named group it furnishes
technical and financial service, the fee
for which together with dividends on its
stocks make UP its income.
The preferred stocks of Electric Bond
& Share are investments of the highest
grade. There are two issues, both of no
par value. one paying So a share an
nually and one paying S. q share. In
each case dividends are cumulative and
S.es.>~c A@FV N0elpB power cQual
with that of the common. The So pre-
ferred is outstanding in the largest
amount and sells Just below the call
price OF ITO, where the yield is 5.4S Der
cent, which Is q generous return for so
strong q security.
The IS perferFed, which was only re-
Gently issued, sells around 90, where the
yield Is only $40 per cent. There are
TWO reasons for the smaller return on
the IS stock than on the So issue. The
lower rate preferred is callable at $11O,
the same price as the higher rate, 20
that 1t has larger possibilities in the way
OF market price appreciation. In addi-
ton 1t Is the rule when there are two
issues OF preferred stocks or two bonds
equally well secured that the one with
the lower dividend rate or with the
lower coupon rate sells at q relatively
higher price than the other
Those who are looking simply for the
yield Will, Of course, take the So stock,
whereas those who want a chance for a
slightly higher market price will take
the IS stock. Electric Bond IL Share
maintains one Of the strongest financial
positions shown by any corporation OF
its class. As Of March 81 last against
total current liabilities of $5.448.I72
there were cash and call loans of Sal
897,221. Earnings available for the
preferred stock in the year ended De-
cember 81, 1929, were equivalent In
$2e.04 q share and there is no funded
debt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
IN FARMERS
BUYING RANGE is NOTED
By the Associated Press.

By the Associated Press.
The Department OF Agriculture re-
ports farmers buying associations oper-
ating in 1880 numbered 1,454.
Purchases at wholesale through the
medium of these associations of the
feeds, fertilizers. seeds, spray materials
and other supplies needed by members
tories, live stock shipping associations
and fruit marketing associations are
said to aggregate 500, 100000 or more
a year. This form of cooperative ac-
tivity, it is stated, is now being supple
mented by the activity of large scale
highly centralized associations oper-
ating on practically wholesale basis
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
WESTERN MARYLAND RWY.

BALTIMORE, October IS Especially.
One Of the first of the railroads TO
issue an estimate OF September gross
revenues is the Western Maryland,
which reports decline of IL per cent
for the month. The total was approx
imately 1905 ,S89, the statement
showed, compared with $l,660,210 for
September last year. Gross revenue
for August was $l.533.7l0. The first
nine months brought an estimated to-
tai of $l3,512 ,528, compared with $13,-
930.576, decrease of $418.047, or 3
per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
German Stocks Show Gain.

BERLIN, October 10 P).-En-
couraged by reports of an international
loan to Germany of $125,000, 900 the
Boerse opened stronger today and some
stocks gained up to 3 points. with a
few specialties going f. These gains
were made in the face of the Reichs-
banks gold transfers TO France of
$50, 001 900 and to Holland of $780,
900 Yesterday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13

collections month ago. These cities
were Cedar Rapids, Iowa: Austin, Tex,
and Huntington, w. Va. Sixty-four
other cities reported collections fair,
while SO reported them slow. Fifteen
cities reported an improvement. in col
lections during the month. moving from
the SLOW" column to fair"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
PARIS BoURsE PRICES.

PARIS, October IS tPl.--Prices were
dull on the Bourse today. Three per
cent rentes, 81 francs confines. Five
per cent loan. 10l francs 80 centimes.
Exchange on London, 1913 francs 93h
centimes. The dollar was quoted at
IS francs 5lA centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
Financial Activities
In Street Suspended
During OlumbusD Day
BY the Associated Press.

By the Associated Press.
NEW YORK, October 13.-
Financial activities we're at a
standstill today in Wall Street
in observance of Columbus day.
All of the security and COM
modify exchanges and the banks
were closed, following the custom
of observing the holiday on Mon
day when it falls on Sunday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-13
U. s. TREASURY BALANCE.

The United States Treasury balance,
announced today as of close Of business
October 10, was $271 .222, 1855. Gus
toms receipts for the month to date
were $12507 .483.18. Total ordinary ex-
penditures, S13,015, 913.54.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1930-01-30
Daughter of WiLLOU RiUer Residents
Sponsoring Nurses Aviation Ass n

Mrs. Alberta Linsley Lewis of Min
neapolis. daughter of Mr. and Mrs e.
b. Linsley of Willow River, is spon-
soring the formation in St. Paul and
Minneapolis of chapter of the Reg
istered Nurses Aviation association OF
the Civil Air Corps and expects to ask
soon for candidates from the ranks
of the registered nurses of the Twin
Cities to take a 20-lesson course in
aerodynamics, meteorology, nOmencla-
ture and engines as part of the work
necessary to qualify for the corps.
"The purpose of the association"
said Mrs. Lewis, "is to prepare reg
istered nurses to carry their services
to points where emergencies may de-
mand they go in airplanes as the
quickest means of transportation.
"rhe training is to be given with
the idea of making nurses familiar.
through flying experience and in
struction, with flying conditions so
that in emergencies where flying is
necessary they will be prepared to
undertake the work.
Mrs. Laura Belle Ermann Richter
of Chicago, is president of the nation
al organization which was formed
October 25, 1899.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1930-01-30
DANFORTH TOWNSHIP

Norma Wheeler spent the weekend
here at her grandmother's home.
Don't fail to come to Miss Gerda
Wheeler's home for Sunday school at
1870 p. m, and prayer meeting Thurs
day evening at O'Clock.
A number of young folks enjoyed
sleigh riding and midnight lunch at
the G. E. Hendricks home Friday
night.
Mrs. Walter Rydberg has been ill
for several days.
Axel Holm is working for Walter
Rydberg.
Emil Erickson was Sandstone call
er Saturday.
A few relatives and friends helped
Mr.. and Mrs. Emil Erickson enjoy
their wedding anniversary Saturday
evening. A nice birthday cake and
lunch was served, as it was Mrs.
Erickson's birthday.
VIM. Swanson and Nick Nopp mo-
tored to Sandstone Tuesday.
Joe Peter sawed wood for VIM.
Swanson last Thursday.
Percy Moore and Alva Minks were
Sandstone callers Tuesday.
Guy Hendricks is expecting a car
load of corn to unload at Sandstone.
Guy Hendricks attended the live
stock association meeting at Sand
stone Monday.
The Rev. and Mrs. Paul Hendricks
and children spent Wednesday at the
home of his parents here.
Elizabeth Swanson spent the week.
end at her home here.
The Fred Carlson and Soderquist
families attended Swedish services
here Sunday morning.
Harry Holmes and VIM. Treague re-
turned from Turtle Lake, Wis, Wed.
nesday. accompanied by Mrs. Treague
and children
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1930-01-30
BROOK PARK

Mr. and Mrs. Joe Harapat are the
proud parents of baby girl, born
Jan. 26.
Paul Kelsey and daughter, Virginia
formerly of Brook Park, but now oil
Duluth visited friends and relatives
here Saturday and Sunday.
Mrs. o. Swedlund was on the sick
list last week, but is reported better
at this writing.
DR.. Peterson of Mora, was a bust.
ness caller in this burg Sunday.
Mrs. c. B. Kelsey assisted DR.. Kel.
sey with an operation in Hinckley
Saturday.
Christ Christianson spent from the
10Th to the goth at home with his
folks. Christ is working for the Le'
mays at Kerrick.
A. kargas took load of lambs tt
the st. Paul markets last week ant
also spent one night at Pennington
on his way back.
Ed Shaske spent the weekend with
home folks, returning to his worl
Monday.
Pat Dumphy, Mr.. and Mrs. eli
Martin, Mr.. and Mrs. B. Stuart O
Minneapolis, visited at the Ernes'
Hooker home Saturday returning
Sunday.
Miss Hope Shaske of st. Cloud
visited home folks over Sunday.
Mr.. and Mrs. A. r. Ziegler made
business trip to Hinckley Saturday.
Mr.. and Mrs. E. j. Wright visited
at the A. E. Eddy home in Hinckle!
Monday evening.
Joe Pechacek left Tuesday for Min
neapolis, where he will attend barbe
college.
Miss Elsie Hartman was in Hinck
| ley Wednesday.
Mrs. B. ]. Kelsey, Mr.. and Mrs. E'
Shaske, Mr. and Mrs. F. H. Hull visitet
Mrs. Harte at Hinckley last Thursday