davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
GRAIN MARKET

CHICAGO, December 20 (SpeciaD -
July wheat sold at new low level on
the crop today, meeting heavy liquida-
ton because of the bearish Government
report on acreage. Old, crop months
held fairly steady. The Government
report indicates an acreage of 42,041
acres, against 38,608, 900 harvested this
year. December, old, opened 1914 to
1858; March, old. 1914 to 1898; new,
1919; May. old, 81 to BIS: new, 811a
TO S15s July, 81 to $685.. After the
first half hour December, old, 769s;
March, old, 1914 new, 1919; May, old,
81; new, 81 Y; July, 67
Corn was lower with wheat. De-
cember. old opened 6712 to 67&; new,
673s; March, old, 1923 to 701a; new,
TlH4; May. old, 729. to 1888; new, 70
to 1924. After the first half hour De-
cember, old. 671a; new. 67h; March,
old, 70ls; new, 707s; May, old, 72h;
new, 1878.
Oats were lower. December, old,
opened 32A March, old, 3234; May,
old. 81 TO 33a4; new, 337s. After the
first half hour December, old, 32A;
March. old, 1924; May, old, 1919;
new, 33%.
Provisions were lowered.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
.LONG-TERM CREDIT
WILL AID EUROPE
Plan for Naturalization of
Finances Reported to Com.
merce Department.
BY the Associated Press.

A naturalization Of European finances
to meet the needs of the depressed Stu
alton Through the medium of long-term
credit Is reported to the Chamber Of
Commerce of the United States by H. G.
MacLean in Paris. who says the ma
chinery provided by financial institu-
lions in various European countries for
the distribution of credit is being over
hauled and rendered more efficient.
In Great Britain the Securities Man.
agement Corporation was created to
provide facilities for industrial financing
not offered, at least to a sufficient de-
gree, by the great British banks. In
Germany an important consolidation Of
banking resources was effected through
the merger of the DeutSche Bank and
the DiSkonto Gesellschaft.
Similar action has been taken in Italy,
Austria and other countries with view
to more effective use Of bank credit,
the elimination of duplication and a re-
duction in the costs of operation.
Financial as well as manufacturing es-
Establishments have been seeking to offer
a wider service at lower cost.
In France financial developments
have taken a somewhat different direc-
ton. and the movement is said to have
been toward strengthening the position
of Paris as an international money
market. The Banque Franchise D Ac-
ceptation has been organized to con-
tribute to the creation of an interna-
tional bill market. the former discrim-
nation against foreign securities in the
matter of taxation has been largely
done away with, and legislation has
recently been drafted both with q view
to encouraging the formation of in
vestment trusts and to increasing the
degree of protection afforded to the
investor by law.
All the leading financial markets are
said to have a superabundance of short
term money, which is being offered at
abnormally low rates. The decline that
has taken place both in the volume of
business and in commodity prices has
naturally reduced the demand for
credit.
Summing up, Mr.. MacLean reports
certain nations have more money than
they can employ profitably with the
requisite degree of security, while others
who urgently require financial assist
ance are unable to obtain it.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
BONDS.
MARGIN TRADING ALLOWED
IN STOCKS UNDER $40
BY the Associated Press.

BY the Associated Press.
NEW YORK, December 20.-The
recent decline in stock prices has
changed Wall Streets attitude toward
cheap stocks. Shields & Co., members
of the New York Stock Exchange, an
nounced today that clients would be
permitted to carry on margin stocks
selling as low as 81 share, against $40
heretofore. In times of high stock
prices, low priced issues have been re-
garded with suspicion, but split-ups,
together with the recent protracted de-
cline, have reduced stocks of some
prominent companies into what used
to be regarded as the "cat and dog"
class. Brokers also point out that the
defiation has put some issues below the
value of net quick assets.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
NUMBER OF RETAIL
PURCHASES LARGE.
Dollar Volume Expected to Be
Smaller Than in 1929
Holiday Period.

Retail trade, as is customary at this
season, holds the center of the stage.
1t IS fully as large as, if not larger. than
the trade in nearly any other Christmas
period in history, so far as the number
of purchases are concerned. The dollar
value may be slightly less than it was
in 1929, but it is possible today to buy
more for a dollar than it has been since
the war.
The buying is noticeeably more in
clined toward practical gifts. Fewer
gifts are bought carelessly and fewer
will find their way into the attic or
the dust bir than ever before. The ex-
tent of the buying is strikingly shown
by the volume of Christmas mail,
which, according to latest reports, is
at least equal to that of 1929.
Metal Situation.
The dust still is rising from the house.
cleaning operations of some industries
which remain in a bad position. Among
these are the nonferrouS metals. Silver
and copper both took drops during the
week in New York. in London and in
the Orient. This brought bitter COM
plants from London about excessive
American shipments and hurt trade
with the Orient and Mexico. Copper's
weakness gave rise to speculation as to
the efficiency of the curtailment pro-
gram.
Not a few steel men see Frightening
skies ahead. This has not sufficed to
raise production, but at least it is not
able in situation where even the
gloomiest, if pinned down, will finally
admit they are more scared than hurt.
Automobile sales are brisker.
Production is rising at lesser rate,
which means that decks are cleared for
the Spring trade and that the previous
excess of cars on hand has just about
been wiped out.
The fuels have had a little better
than the usual seasonal increase in
activity. This is true of the fuel oils
and Goals as well as gas. The electric
power curve is steady, not because of
industrial activity but because the day
light hours in December are shortest of
any month. Not only is crude produc-
ton dropping but gasoline stocks show
a decrease, whereas consumption Is at
high level considering the time of
year.
Commodity Prices.
Commodity prices show some return
of stability, although still well below
the level of year ago. Bread and
meat, the two main articles of diet of
Americans, show continued demand
despite pleas that their prices be in
vestigated by Congress. For meats, the
weather to a large extent determines
consumption and prices.
Demand for rubber footwear Is show
ing an increase and the leather shoe
manufacturers are fairly well engaged
The textile mills are holding their own
at a time which Is usually slack for
them.
(Copyright, l930)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
CIGAR RESUMES
PREFERRED DIVIDENDS

special DlSpatcn TO Inc Star.
NEW YORK, December 20.-A re-
sumption of dividend payments on the 6
per cent preferred stock of the United
Cigar Stores Corporation was an
nounced yesterday following meeting
Of the directors. 1t was announced
that a full years payment would be
made in quarterly installments of $1.50.
beginning on February 2, to stock of
record of January 10.
This is the first declaration the COM
pany has made on this stock since
August /, 1929. The payment on No
vember l of that year was passed. The
dividend is cumulative, but no action
was taken regarding the accumulation
since the last payment. A represent
alive of the company said last night,
however, that this obligation would be
paid as soon as possible.
The earnings of the company this
year until June 80, the last period for
which Official reports are available,
show wide improvement over the pre-
ceding year,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
CURB ISSUES HOLD
IN STEADY TREND
Oil and Utilities Sections OF
List Prove Strong
Features.
BY JOHN A. CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 20.-Petro-
leum and public utility shares featured
today's moderately active and firm Curb
Exchange session.
A long list of power and light issues
including Electric Bond 81 Share, United
Light g. Power A, American &c Foreign
Power and Middle West Utilities, ap-
peared at slightly advancing quotations.
Cities Service moved within a rather
narrow range as its turnover decreased.
Rail holding companies, such as Penn
road and Lackawanna Securities, after
opening lower quickely recovered. Trad
ing corporations, like Blue Ridge Con-
vertible preferred, Shenandoah preferred
and Chatham-Phenix Allied, behaved
similarly.
Petroleum shares were the outstand-
ing gamers in the early trading. when
Standard Oil of Indiana jumped points
on a relatively small turnover. This
stock, it is said, has been taken steadily
on a down-scale by insiders. Vacuum
was up about liz points. Gulf Oil
opened up 134, but eased shortly after
ward.
Driver-Harris advanced while Pitts
burgh Forgins dropped to a new low
for the year. Diamond Match new
common had little difficulty in moving
ahead fractionally because of the re-
cent ratification of its recapitalization
plan and the renewal of its contract
with Swedish Match.
Swift International was the most ac-
tive in the packing list General Baking
preferred led its group, and Arcturus
outdistanced other radio manufacturing
shares in point of volume. A. o. Smith
Corporation, always a quick mover, rose
dipped slightly in its first few trans
points in as many sales. Deere & Co.
actions.
Ford Motor of Canada A for a time
stirred interest in the motor division as
1t advanced about a point. Mayflower
Associates, which owns considerable
amount of Rhodesian Copper shares,
belatedly benefited from the consolida-
ton of group of African metal pro-
ducers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
CANADIAN KRUPPs.

MONTREAL, December 20 Dr.
Formation of a Canadian Krupps,
branch Of the German steel and iron
firm. yesterday was indicated by DR..
Rudolph Wunsch, who said he had
come to Canada TO look over the field.
Railroads, he asserted, had pledged
purchase of Krupp products. Mining
machinery and agricultural implements.
he said, also would be made in the
Canadian plant.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
DIAMOND MATCH co.

NEW YORK, December 20 CP).-
Stockholders of the Diamond Match Co.
have approved the plan for reincorpora-
ton and authorized sale of the COM
panys assets, property and business to
the Diamond Match Co. of Maryland,
organized under the plan. A meeting of
stockholders has been called for January
13 to vote on dissolution of the old
company.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
NEW YORK COTTON

NEW YORK, December 20 (SpeciaD
"A steadier tone prevailed in cotton to-
day as a direct result of the improve
ment in stocks and bond prices and
tendency to even up obligations at
the end of the week.
Absence of any important selling
pressure held prices within narrow
limits and best figures of the day were
reached toward the close, at an advance
Of 10 to is points on the day. Trading
was the lightest of the week Spots were
advanced 10 points to 9.85.
Cotton range.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
LUMBER ORDERS GAIN.
BY the Associated Press

Softwood lumber orders for the week
ended December 13 bore an unusually
favorable relation to production both
for this season of the year and by COM
parison with recent weekly figures.
Although production, shipments and
order figures are running considerably
below those of other years, new business
at mills reporting to the National Lum-
Der Manufacturers Association was IS
per cent above the cut. Combined
softwood and hardwood orders at 848
leading mills were reported as IL per
cent in excess of a production of
227, 722 900 feet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
Markets at a Glance

NEW YORK, December 20 (P1-
Stocks irregular; utilities in demand.
Bonds firm; second-grade rails mixed.
Curb steady: leaders fluctuate narrowly.
Foreign exchanges easy; principal Euro
peans sag. Cotton higher; week end
covering. Sugar easier; poor spot de-
mand. Coffee lower; easier Brazilian
market
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
FOREIGN EXCHANGES.
furnished by W. B. Hibbs & Coz
Nominal gold Selling checks
PARIS BoURsE PRICES.

PARIS, December 20 R-Prices
were easier on the Bourse today.
Three per cent rentes. IS francs 65
centimes. Five per cent loan, 10l
francs 5 centimes.
Exchange on London. 1913 francs so
centimes. The dollar was quoted at
Is francs As centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
CHICAGO STOCK MARKET

- The Associated Press.
CHICAGO, December 20.-Following
is the complete official list of transact
tons in stocks on the Chicago Stock
Exchange today:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
NEW YORK CURB MARKET

Note-An stocks sold in one hundred-share lots
excepting those designated by the letter (80s) (250s
which shows those stocks to be sold odd lots only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
NEW YORK BANK STOCKS

NEW YORK, December 20 up. -
Over the-counter market:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20

Com Edison Feb z 13 11A 1I7s III 117k
in dollars based
pay
Ia
Plus 20 stock. Plus 100 In stock m Plus 81 in stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
BALTIMORE STOCKS.
Special Dispatch to The Star.


1000 United Rwy 4 Elec. LIST $50.
1000 United Rwy & Elec income 4s.,.
5000 w B & A Railway LIST IS. .......
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20
INSTALLMENT XVII.

A N hour after STAINS departure,
~ innocently busy with needle
"A work in the sunshine of the
L a deep porch, Shirley fell into
conversation with the old
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-20

As compared with a year ago, sheep
prices are about SIS lower and dressed
lamb prices from $3.50 to 81 lower. Al
though sheep picked up in price this
week the general market is sensitive to
the size of receipts due to the approach
ing holiday trade. Dressed lamb prices
went 81 to 50 higher in New York, but
an oversupply pushed prices down so
cents to $3.50 at Chicago.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
BANQUET PLAN
IS COMPLETED
Daddy of Lionism' Will Be
Guest at Matamoros
Dinner Friday

Local Lions have arranged a full
entertainment program 70 be pres
ented in honor Of Melvin Jones'
Daddy OF Lionism.' at a banquet
in Matamoros Friday evening. Tie
affair will get under way at the
Matamoros Cafe at 1880 p. n.
A large delegation Of Lions from
all South Texas points will attend,
according to Bascom Cox, local
president. who has cared for reser-
vations. Virtually all Cameron coun-
~ Lions will be present. Kingsville
has advised she will send a strong
delegation also.
Jones will be accompanied here by
A. G. Kater Of Houston. Lion COVER
nor OF Texas, and T. 0. Mitchell Of
McAllen. deputy Lion governor Of
Texas. Jones will meet with the
McAllen Lions noon Friday before
coming here for the banquet. The
distinguished visitor Is secretary
general OF the Lions international
and makes his headquarters at Chi
cago. He is one OF the outstanding
figures in civic club work. Jones
began organization Of Lions clubs
with the service idea about 1907.
There were 20 clubs at that time.
The size OF the organization has nov
increased TO owe 1000.
fridays entertainment includes
a song and dance by Illean Logue
and Joe Crixell; musical numbers
BY Tito CriXell and Colsa; songs by
Nena Ortiz, accompanied by her
sister, Aurora Ortiz; a tap dance
anG other numbers.
The game dinner will be followed
by a dance. Paper carnival caps will
be distributed and a corps OF tall
twlSters and lion tanners will keep
the fun moving. according to the
program.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
Rio Hondo Kiwanis
Club May Be Formed

SAN BENITO. Feb. 6.-Plans for
sponsoring a KiwaniS club at Rio
Hondo were discussed by members
OF the san Benito Kiwanis club az
It's meeting Wednesday noon.
The club members here have met
with business men at Rio Hondo
several times on the matter. and
have suggested formation OF the
club.
Several members Of the club will
attend the next meeting there.
jay Keeler. OF New York. memory
expert, talked TO the club on the
value Of mental training.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
Towns Traditions
To Be Perpetuated

CUERO, Feb. NP-Hlstoric and
social traditions Of old Indianola
are to be p~erpetuated through an
organization of former citizens o.
the seaport town which was de-
mo,ished by storms in 1873 and
1886.
Organization Of former citizens
and their immediate descendants
has been called for a meeting in
Cuero April Is by NJ. NJ. Mcfarland
Of Austin. who was a young man
Of Indianola when the town last
was destroyed. There are many
survivors OF the two disastrous
storms which wiped away what
once was counted as one OF Texas
most important seaport towns. Some
OF them live in Cuero.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
ROAD MIDDLE
MAY Be SOLVED
Judge Logan Expresses
Hopes For
Solution
t-pecial to r. Herald)

t-pecial TO r. HERALD
SAN BENITO. Feb. 6.-Hope that
the present road muddle in the San
Benito and Harrington precincts may
yet be worked out satisfactorily was
expressed here today by Judge n. ".
Logan, commissioner OF the San
Benito precinct.
Judge Logan refused to comment
further IN connection with the re-
cent meetings on the subject. and
the statement issued by Commits
Sioner j. F. Baughn Of the Harlin-
gen precinct.
Commissioner Baughn issued a
statement in which he pointed out
the terms Of an agreement offered
by Judge Logan. The terms were in
substance that Commissioner Logan
would use $40 1000 out of San Benito
precincts part Of the sixth and
last million Of road money in paving
on the road to R~angerville, which is
the bone Of contention in the pre-
sent differences.
Baughn expressed the belief that
Rangerville people will not he con-
tent with this arrangement, and will
ask for money out Of the fifth mill
lion. which has been issued but
not sold.
The Harrington irrigation district
is expected to refuse to change It's
legal status to permit issuance OF
the sixth million. unless the road
to its pumping plant at Rangerville
is guaranteed.
Commissioner Baughn said II the
R~angerville territory Is changed TO
his precinct, which subject has often
been up for discussion before. he
will Immediately pave the read.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
SCHOOL NEEDS
Department of Education
Recommends Buildings
(sDecial 70 The Herald.)

opeCld 10 1At
SAN BENITO. Feb. 6.-J. Fred
Horn, member Of the State Depart
ment Of Education, presented a sur
vey OF the school housing Sirua-
ton in San Benito at a meeting Of
the school board here last night
and made recommendations for
needed buildings over a period Il
ten years. He proposed a new ju-
Nor and senior high school, a build
ing for shop work, and a large GYM
nasium.
The school board IS to meet again
next week to consider the report
further and TO take some action on
a bond issue which is considered
necessary should he building pro-
gram be adopted.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
Commission Trial
OF Cases Urged

WASHINGTON, Feb. g. LP-
Urging that United States commits
sioners be given power to try slight
or casual violations Of the dry laws,
Roscoe Pound, dean Of the Harvard
law school and a member Of the
national law enforcement commits
sion. asserted today before the house
judiciary committee that crime had
Increased enormously in recent
wears and that federal court con-
gestion had been a result.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
Cowboys and Girls
Will Gather March 8

FORT WORTH, Feb. i-PI-
More than lbs cowboys and sew
girls will be here March 8 10 16
for the annual Southwestern Ex-
position and Fat Stock Show, Man
ager John b. Davis announced
Premium lists announcing big cash
prizes for the western sports con-
tests have been sent out TO con-
testants In many states.
Already rs head OF bulldogging
steers have been corralled and are
being fed. Scouts are in the field
70 obtain part Brahma steers. known
as the widest available. which will
be used in riding contests.
More than 100 outlaw horses will
be brought here.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
City Briefs

Demand Val-Rub when buying
your rubbing alcohol. Manufactured
BY Delta Laboratory, Brownsville.
For sale al all drug stores. Adv.
Sour Orange Trees.-Right size
for budding. Smiths Nursery.
phone 227. adv. 2
Agent Here.-Franklin Gledhill,
New York, purchasing agent for the
Pan-American lines, is spending a
few DAYS here. He expects to con-
tinue his trip southwark to visit
points in Mexico, central and South
America.
Go TO Covacevich. He has every
thing where ne can find Il. Adv. II.
On Business.-O. w. Singer Is in
Houston on a business trip. He Is
expected TO return within the next
few days.
X. c. to Meet.-The Brownsville
Knights Of Columbus will hold a
meeting Monday night, it has been
announced by officials.
Palms and Hedge plants. Phone
227. adv. 7
To San Antonio.-Mr. and Mrs.
r. Fecerra Soto, of Mexico City,
were here Wednesday on their way
20 San Antonio for a few days.
Becerra Soto is general traffic man
ager Of the Mexican aviation COM
pany.
New ship Coming.-E. J. Snyder
and a mechanic left Wednesday for
Miami to bring back a new tri-
motored Fokker for use on the
southern lines.
Rose BusheS-2.year budded.
nice fresh plants. Smith Nursery,
West Brownsville. phone 22I. adv. Z
In Austin. Judge o. c. Dancy Is
IN Austin on Official business.
MaSons Meet Work in the
second and third dszrees will be
done BY Brownsville Masons al a
meetlrq to be held beginning 1880
.. m. Friday.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
Press Meet Foreseen
Most Constructive

BRADY. Feb. C-tPJ-One OF the
most constructive meetings of its
history is predicted by Harry r.
Schwenker. president Of the Texas
Press association. when editors Of
the Texas press convene in Corpus
Christi on June 1914 in 5lst an
nual conclave.
Establishment Of an audit bureau,
patterned after the ABC Audit
Bureau Calculations used by the
metropolitan dailies, by the weekly
papers of Texas will probably be
me of the leading subjects TO be
discussed.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
Pope's Anniversary

VATICAN CITY, Feb. 6-oP-
The political banner. yellow and
white, bearing the insignia OF the
tiara or triple crown and the mas
sive crossed keys Of St. Peter below
IL. was run up this morning nd
dawn in the courtyard Of ST. DANA
sus. in the heart Of the Vatican
city state, 70 commemorate the
eighth anniversary OF Pope Plus
XI's election to the highest office
in the catholic world.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-02-06
Herald Advertising
Proves Effective

Advertisements In The Br0wns-
vile Herald certainly are effective.
says Fred Kowalski, who recently
answered the ad OF q Kansas man
who sought TO purchase 20 acres
Of Valley land.
In his answer 10 Kowalski. the
man stated that KowalSki's offer
was the 6lst he had received IN
reply TO the advertisement.