davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21
STOCKS IRREGULAR
IN NARROW RANGE
Market Shows Little Evil
denCe of Trend in Light
Trading.
By STANLEY w. PRENOSIL.
Associated Press Financial Editor.

NEW YORK, January 2I.-The Stock
Market was still moving within q mar
row trading range today, and showing
little indication of a pronounced trend
In prices. After an irregular opening,
prices dipped moderately when selling
pressure was renewed against some, OF
the popular industrialS and specialties,
but good buying support appeared and
by early afternoon there was a prepon-
derance of net gains.
Trading continued in light volume,
less than million shares changing
hands in the first two hours.
Trade news was rather colorlesS in
character. Preliminary estimates indi-
Gated a drop Of more than 10000 bar
rels in the daily average of crude oil
production last week, with a sharp re-
pointed for the holster Radio Co.,
shares Of which were heavily bought last
year on the prospects of the manufac-
ture of home televiSion sets. Wall
Street heard that the terms Of the Re-
public Steel merger would be announced
within day or two.
Call money again dropped from Az
to per cent, with the supply plentiful
and the demand light. There were no
changes in other monetary rates. Lon
don dispatches indicate that there il
reducing its discount rate tomorrow.
and q change in the New York Federal
Reserve rate is expected soon after
ward.
Selective buying developed in the rail
groups on the report of the Atlantic
shippers conference that freight move
ment in the first quarter was likely to
exceed that of the corresponding period
last year Atchison. Chesapeake, Cor
Chicago g. Eastern Illinois common adj
vanced Q to 3 points.
Auburn Auto, Collins q Aikn1an.
Raybestos, Westinghouse Electric.
Keith Albee preferred, Abitibi preferred,
Allied Chemical, General American
Tank. International Harvester. Amer
lean Machine g. Foundry, General Gas
q Electric "A" and r. H. Macy
advanced to points
Radio was under fairly constant
pressure, but held within a couple of
points OF last nights closing price. :
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21
nv CLINTON COFFIN.
A..oe,.ted PRESS Financial Writer.

Postmaster General Brown has re-
minded Congress by . special report
that his department, IN addltion 70
moving the mails, is also operating one
Of the Nations largest banking insti-
buttons. by reason of It's acceptance OF
postal savings Further, while the car
rage of the mails pretty regularly IN
wolves a deficit. the handling OF the
savings system shows up as regularly
with a small but satisfactory profit.
At the end Of this last year the
postal savings system had deposits OF
Sl5S, 644, $40, the property OF 4l6,Ss4 de-
poSitors, and after paying per cent
Interest on such portion OF the total as
was entitled to receive 1t, and all ex-
penses, the system showed an operating
profit for the year Of 81, 766,SSz.
Also. It's managing ofhcials asked, and
Mr.. Brown recommended to Congress,
that the law be changed TO let postal
savings depositors accumulate as much
as 5000 In one account. AT present
$4,000 Is the limit the Government VIII
take into postal savings, and IN spite OF
the fact that in nearly every CITY OF the
United States there are private savings
institutions paying much more than the
2 Der cent the Government allows on
savings, there were at the end OF the
fiscal year IL ,O37 postal savings depoS-
itors who had to quit entrusting money
to the Government because the lawful
limit on their single account had been
reached.
There is small doubt but that Con-
gress will raise the limit as the Post:
master General asks, since the postal
savings system demonstrably gets money
from q class of depositors who would
otherwise hoard cash, at great risk TO
their savings and at some risk to the ma
tional monetary system. The savings
deposits of the Post once Department
are built up by that class of depositors
who are willing to trust the Govern
ment and the Government alone with
their savings. All funds that come into
postal savings accounts are promptly
re-deposited by the postmaSters In
banks of the community from which
they arise, and thus the cash Is kept In
the general bank credit pool.
There was q time when the postal
savings service went chiefly to foreign
born residents Of the United States, and
they are still important in the ranks Of
its depoSitors, though relatively they are
getting to be less 50. This last year 81
per cent Of postal savings depositors
were classed as native-born, while In
1928 1t was found that but Se.s per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21

were native born. Though there are
$500 post Offices in the country accept
ing deposits of postal savings, the bulk
of the funds 1t holds comes from the in
duStr1al communities. Even the postal
savings fund was diminished in the
Northeastern quarter of the United
States by the great speculative draft
which was made on all forms OF savings
during 1928 and 1929 by the market ex-
element over security prices. The total
OF postal savings deposits this last year
was nearly 5000 900 below the 1928 to-
tai for the Middle Atlantic group alone,
but the deposits in other parts of the
country made up the deficit. In gen.
eral, the 20 years since the institution
OF the postal savings system has seen a
steady growth in the aggregate of sums
connded to 1t, though there have been
number OF years when Withdrawals of
savings from 1t have exceeded deposits.
Congressional interest in the banking
field has gradually accumulated a
rather notable list of suggestions for
modification and amendment of exist
ing law. 1t Is noticeable that dia-
metrically opposing views over the
advisability of allowing scope to the
tendency toward development of branch
banking systems have been set forth
In bills. Representative Strong, Repuh-
lican, Kansas, has advanced q measure
which would make It unlawful for one
banking institution to hold dominating
stock ownership in another or in sew
eral others. Representative Goldsbor-
ough, Democrat. Maryland, would
accomplish the same thing by imposing
special tax on the interstate transact
tions Of any banking institution engaged
In operating q chain" Of subSidiar les
adoption Of either one of these meas
ures would administer q severe check
to the operations Of several of the
growing and important links Of inter-
state banking enterprise.
Contrasting to these proposals is the
bill by Representative Beedy, Repub-
lican. Maine, which would recognize and
allow branch banking by institutions
within the limits Of Federal Reserve
districts. This puts into law the Sue-
geStion advanced last Fall to the
American Bankers Association by John
H. Pole, controller of the currency.
All three Of the measures are sufficiently
significant to furnish ground for the
debate over banking principles which
has been impending.
incidentally, another banking meas
ure, suggested by Representative Steven
son, of South Carolina, is intended TO
increase the safeguards now thrown
around national bank depositors In
theory, the owner of stock In q ma
tional bank Is liable to the depositors
OF the institution In an amount double
the par value Of his stock holding,
should insolvency overcome the institu-
ton. In practice, the collection of
this double liability from holders Of
insolvent bank stock has proved most
dtfncult, and the Stevenson measure
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21

Money to Loan
Secured BY Arst deed Of trust en- real estate
Prevailing interest and commission.
Joseph !. Weller A1S wash an L 4 T NW
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21
PARIS RouRsE PRICES.

PARIS, January 81 R.-Prices
moved irregularly on the Bourse to-
day. Three per cent rentes. 80 francs
e5 eentimes; per cent loan, 106
francs 10 centimes.
Exchange on London, 123 francs s0z
centimes. The dollar was quoted at IS
francs 46 centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21
CHICAGO DAIRY MARKET.

CHICAGO, January II C9.-Butter
Firm; receipts. 1885 tubs. Creamery.
extras, 50; standards, Seh; extra firsts,
s4a to asa; 11rsts. 321a to SSla; Sec
onds. Sola to 3l1a. Eggs-Firm: re-
OotpSS .,, o,oO@ C1Ses' prices unchanged.
Poultry-Alive. steady; receipts, a.
trucks; prices unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21

Co. and the Ma
tional Savings &
Trust Co., retain
ing the sam e
boards, and also
the same ofhcers.
At the American
Security meeting.
William Montgom-
cry, president of
the Acacia Mutual
Life Insurance Co.
and prominent in
the business life of
Washington for
many years. was
made a director.
The directors re-
elected include:
c. A. Aspinwall,
Harry K Ross
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21

o$-<S OA StOcAS on new YORK ExchAng&
1880 AMI. 2s4.60O 1900 Noon -. se1 800
1870 PM. 1,44s.5OO 2:1o PM.....1,6l72OO
Dividend rates given the
based on the ste: quarterly half yearly declarations
- IN stock sPayaes in scrip fPlus s% stock aPaid
sPayane in cash or stock Plus io%
635% in stock. nPlus So
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21
TRUST COMPANIES
ELECT DIRECTORS
Three More D. C. Institutions
/ Announce Results of An.
! nuaI Meetings.
BY EDWARD c. STONE.

Three more local trust companies
have held their annual meetings, the
American Security & Trust Co., elect
ing one new director; the. Munsey Trust
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21
TREASURY CERTIFICATES.
SHoRT-TERM SECURITIES

tReported BY J. a. W. selisman 4 Coz
AIH ,ShsIm e e c. S
Amer Amer; Rolling Mills IS is4s. 80. -s7tS ss
Baltimore g. Ohio 4las 1888 . BE- S9h
Bataytan Pet. Corp. Gas 1872 e3K o3sz
Bell Tel. of Canada SIS i957 1905 1917
California Pet. Corp. 5Rs 1888 % e9L
Canadian Nat. Rwy. 41ss 1880. aeA 100
Chicago Rock Island Is 1884 eSM az
Chile Copper Co. SIS le47 - 9S $751;
Cudahy Packing Co. SIS 1857. 96 96N
Edison Ell. II. Boston 4ias 1880 $685. 100
Gen. Mot. Aecep. Corp. IS 1877 iOi y i02
General Pet. Corp. IS 1910 -. 100 iO0sI
Goodyear T. & r. IS 1857 $50. oil 9IM
Grand Trunk Of Canada Is iess 104K ms
Gull Oil Of Pa. SIS 1887 $1,000. S9T i'm
Humble Oil 512s 1882. ...,,... 1914 lOl5s
Internal Match Corp IS 1g47 e7K g73[
n. x, Chi. a. st. L. IS 1882 lOisa 102L
Phillips Pet. Co. 5Ms 1899 pJts %
Pure Oil Corp. 5Ias 1897. ...... 1854 ioON
Shell Union Oil Co oS 1871. 81 943l
Sinclair Crude Oil Co. 5IaS 1898 97M 973f
STANDARD OIL ". Jersey SIS 1916 10l 1919
81. l., southwestern Ry. Is 1882 s7% aS
S SSIsa 81 BfS e c & Elf !: I'LL; 'ss
%i:siER r ss. es Sc 5: lea. s 49,
Wheeling Steel Corp. 4fss 1858. SSA IS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
Fights Last Night

By the Associated Press
ST. LOUIS.-Benny Bass. Junior light
weight champion. stopped Davy Abad,
Panama "a; Johnnie pee Wee Kaiser.
st. Louis, stopped Kid Woods. Indian
apolis 90; Billy De Foe. Minneapolis.
knocked out Pete White, st. Louis "a.
PITTSBURGH, Pa.-Sergt. Sammy
Baker, New York, outpo!nted Joe Trippe.
Rochester, N. Y. Q0): Bobby Young,
Detroit, outpoinGed Ken HargreaveS,
New Kensington, Pa. 90
CLEVELAND. = Sammy Mandell,
world lightweight champion, outpointed
joey Goodman, Cleveland N2), nom
title.
ROCHESTER, N. Y.-Bucky Lawless,
Syracuse, N. Y, outpointed young Jack
thompson, Los Angeles (10).
DIES MONIES, Iowa.-Tommy Gro
gan, Omaha, Nebr., knocked out Tony
Liggouri, Des MoineS ca.
PHILADELPHIA. - Johnny Jadick,
Philadelphia. and CASTOR LIE Cadre,
France, drew (10); Paulie Walker, New
ark, N. j., outpointed Joe Dundee, for
mer world welterweight champion (10)
KANSAS CITY, Mo.-Mickey Cohan,
Denver. outpointed Mike Dundee, Rock
Island, Ill. 10); Ham Jenkins, Denver,
Knocked out Johnny Wright, Los An
geles go.
TULSA, Okla-Babe Hunt Ponca
City. Okla, knocked out Sandy Moir,
Chicago (2).
JOPLIN, Mo.-Nick Broglio, Herrin,
Tu., outpointed Kid Peck, Little Rock,
Tx. (l0).
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
CARNERA NOT PRESENT
AS BOUT INVESTIGATED

CHICAGO, February 4 (P.-With the
presence Of one of the principals, Primo
Camera himself, unavailable, the in
vestigation into the circumstances lead
ing up to and surrounding the italian
goliaths 47-second knockout of Elzear
Rioux, at the Chicago Stadium last
Friday night, was before the Illinois
State Athletic Commission today.
Primo spoke his piece before the COM
mission at a special meeting of the COM
mission last Saturday, but was not on
hand for rebuttal-if any-today as he
was in the East preparing for his meet
ing with James Battling owen, at
Newark, N. j., Thursday night.
The investigation was ordered by
Frederick Gardner, member of the COM
mission, after Rioux, French Canadian
heavyweight, failed to survive the first
round in his share of Primo's Chicago
debut. The purses of both fighters,
around $4,000 for Camera and So 900
Tor Rioux, were held up by order If the
commission, to be held in escrow until
the commission is convinced the contest
was genuine"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
Base Balls Biggest ''Firsts %
series Describing the First Records of the Biggest Plays
Bv John r Eo.to.
BY John B. Foster

when they began to be investigated
they were found to have flaws. It was
TACT however, that the Providence
cluo mad won 20 games in succession,
so when the Giants won their twenty
nrSt, NeW~York let out a screech of Joy.
Even with 81 straight the Giants could
not win the seasons pennant, but lit
Tie they cared. They were on a typical
Giant rampage; the farther it went,
One tie game interviewed. On Sep
TEMPER IL New York and Pittsburgh
played III affair-eight innings, rain.
The Giants always said they would
nave won II 1t hadn't rained.
AFTER The twenty-firSt game had been
won. the other victories came In order
until the second game of a double
header on Saturday, September 80,
against Boston on the Polo Grounds
The Giants had won the first game. In
the second. Magee slapped a home run
INTO the left-field bleachers, with Sallee
pitching for New York, and the Giants
began to hear the rattle of machine
gun FIRE in the rear. They lost that
game, but what a run Of fun they had
had! '' --''N'
President Hampstead gave each play-
er solid gold ring, and no base ball
trophies today are more highly priced,
me players voted him one They also
voted a ring to this writer, one to
Manager McGraw and one to Edward
Mackall, the colored trainer of THE
team. Players receiving them were
Anderson, Benton, Burns, Fletcher.
Doolan, Holke, Kauff. Kelly, Kocher,
Lobert, McCarty, Perritt, Rariden, Rit-
ter, Robinson, Herzog, Sallee, Schupp,
Smith, Tesreau and Zimmerman. AS
one man put 1t, mot star. in the lot,
but all just ball players."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
Well Treated in Schedule BOlving Pilots SUpe Woods Idea

a score of 405. The kicker wasn't among
the first is.
It was altogether a matter Of sports
manship. The King Pins would not
have been favored by conditions. More
probably they would have been handi-
capped.
Speaking of sportsmanship, the Bos-
ton representative in the grand finale
OF The Washington Star Boston Herald
Baltimore Sun tournaments, Manuel
SilveirN, won the high regard Of his
rivals. Tony De Elmo of Washington
and Lea Vulgaris Of Baltimore. He
strove desperately to outbowl them. but
he was convincingly sincere when he
applauded the others exceptional shots
or decried their Ill luck.
Encouraged His Foe.
When De Elmo was suffering split
after split with excellent hits, SilVeira-
a big, hearty chap-patted little Tony
on the back and encouraged him to
keep trying" he grinned. They'll
start dropping II you do"
He was right-De Fino won.
Il liked that guy from Boston," Tony
said later.
1t was the first major victory for
Janette Killgren of Boston, who won
the women's championship and it came
much earlier in her career than such
things do in the lives of most stars.
This is her second season on the drives
The newspaper championship will be
an outstanding title in another season
or two, according to George Isemann,
N. D. B. G. secretary, who promoted
this years tricity finale.
Other newspapers are planning to
promote tournaments like The Stars
next season." said Isemann today, land
have asked the National Duckpin Bowl
ing Congress for all information avail
able on it. We will give every assist
ance possible, and will try to bring all
the winners together. look for or 10
cities in next years grand final"
At least one major change will be
made in The Stars 1880 event. Instead
OF stipulated merchandise prizes, either
cash or orders on department stores
will be awarded.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
'HOLDOUTS" ANNOY
BIG LEAGUE CLUBS.
Yanks, Giants, Dodgers, AS
and Pirates Troubled
by BaIky Players.

BY the Associated Press.
N YEW YORK, February 4.-"Hold-
M out fever" has struck the three
metropolitan major league base
ball clubs.
Babe Ruth thinks the Yankees should
pay him $4,000 annually for the next
three years. The Yankees have coun-
tered with an offer of $4,000 annually
for two years.
The Yankees are having difficulty
also with Tony LaEyeri, second baseman,
and Waite Hoyt, the one-time boy
wonder right-handed pitcher.
Giants who dislike terms offered are
Bill Walker, left-handed pitcher who
led the league in effectiveness last
season; Third BaSeman Freddie Lind
Strom, First Baseman Bill Terry and
Outf1elder Ed J. Roush.
The Chicago Cubs would like to buy
Llndstrom, but the Giants would not
sell him, as he might assure the Cubs
another pennant. This makes Lind
strom anxious to do as well as he can
with the Giant paymasters.
Reports have it that Roush is the
Vlctlm OF one OF the biggest cuts in
salary in their history of the game
Roush, veteran, finished a three-year
uose5s 9sBI s1uSID qua u1IM 1oeI1uoo
at $2l 500 q year. It is understood that
the Giants offered him a one-year con-
tract for 1880 at $500.
1t has been whispered that number
of the World Champion Athletics are
dissatisfied with the terms offered them.
Dazzy Vance probably >Will not be
anxious to take a cut in salary and
Burleigh Grimes. according to reports,
will give Pittsburgh lots of trouble be-
fore he consents to toss up spitballs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
SATURDAY NIGHT
STAKES POPULAR
Arcadia Will Hold Event for
Girls Modelled After
Mems.
BY II. d. THOMAS.

~ ILL WOOD thought he had
u a clicky idea in the King
n Pin Saturday night sweep
- stakes, and now he knows
it. Influenza never spread faster
than the epidemic of bowling
sweepstakes pervading Washing
ton and it's suburbs, and before
the season is out it is probable
every establishment will have one
weekly. Wood started 1t.
Bowling promoters let pride Of indi-
viduality go hang when shekels are at
stake. When one discovers a way to
increase business the others attempt
different, and, failing in that, swipe
the enterprising promoters plan in toto.
The competition along these lines in
a big way has been mostly between
Wood, who directs the Lucky Strike and
the two King Pins, and John Blick,
who heads the Arcadia and Convention
Hall. They and Harry Carroll control
the bulk of the bowling business of
Washington. Carroll has stayed in the
background as promoter, both of his
plants, the Recreation and Coliseum,
being downtown and depending much
on transient trade.
They Watch Each Other.
Wood and Blick obviously keep close
tab on each other. Rivalry between
them has produced the John Blick
Sweepstakes, the Meyer Davis Sweep
stakes Wood is vice president of the
Davis enterprises), the Wood Sweep
stakes and several other specialties, and
Tor advertising purposes each has a.
team named for him in the Ladies'
District League.
Last Saturday night Wood put on the
first weekly sweepstakes at the big King
Pin. Next Saturday night Blick's man
ager at the Arcadia, Ralph Frazier, will
stage one for women. An event for
men, like that at the King Pin, across
the way, undoubtedly would draw more
entries, but the steal would be q trife
too baldfaced
AS at the King Pin, an entrance fee
OF 81 will be levied, and each partici-
pant will roll three games, but as a
gesture toward being different the Ar
cadia will have four prizes instead of
three. Fifty per cent Of the prize fund
VIII go to the winner, with 80 per cent
for second, is for third and 5 for
fourth.
Forty-five took part in the first King
NNAANt NAAA OAAAo Was IECkUuE0 "
promising entry. A larger field Is ex-
pected next Saturday night.
II King Pins Barred.
AS a matter of fact, there were 80
entries in the opener, but five were
Withdrawn. and for an odd reason. The
entire membership of the King Pin
team was protested, and the squawk
allowed. The King Pins, opposing the
Recreation five Of Baltimore in q Ave
game match at the King Pin, thought
to have their first three strings count
IN the tournament and posted their
entry fees. The other entrants were
almost unanimous in agreeing to this,
put one technical minded fellow. quite
apparently Seheming to increase his
own chance to win by eliminating Ave
OF the citys best bowlers, raised such a
howl that the King Pin captain, Howard
Campbell, requested his men to with
draw to keep the peace. Jack Wolsten-
nome of the King Pin team would have
won first prize with lots to spare with
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-04
No. 4-The First Team to Win 2s
Consecutive Games.

Consecutive Games.
TINE New York National League
team-the Giants-won 26 games
insuccession in 1916, but when
they started on that invasion of
recordland they had no idea they were
on their way. They were the first
team of organized base ball to win 26
games in succession. Cincinnati won
SO when great-grandad was a lad.
The Giants hadn't much of any con-
Germ at first as to how many they won
because they never seemed likely to
win the pennant, although they prev
iously had won II games In succession
in the same year.
About the time that the team had
climbed to its fifteenth successive vic
tory of the second run, the players be-
gan to wake up. They thirsted to beat
their record of ut straight" They
were a fighting team, that 1916 crowd,
yet they were good-natured lot among
themselves.
Christy Mathewson didn't get into
the % victories because he had been
traded to Cincinnati for Herzog, so that
Mathewson might manage Cincinnati
and Herzog could brace up the Giants
infield. Matty was through with New
York and Herzog was beginning over
again.
When the Giants had won their
seventeenth victory they were steaming
high. When they got to the nineteenth
they were under forced draft and in
that temperature they remained until
they fell down in the twenth-seventh
contest.
All kinds of records had been claimed
for various clnbs in various leagues. but