davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1930-12-22

fore attacking congress or accept
resultant attacks without congreS-
sional defense.
In the contest between the White
House and congress, Mr.. Hoover
mas won SO far. He was given S116,-
O00.000 to create Jobs by acceIerat-
ing public works and gained his
point that he should have wide
discretion in allotting the eXpenGi
lures among the various projects
a reluctant. almost Sullen senate
receded from its insistence that
drought relief should extend Spe-
officially to the provision OF human
as well as live stock food. But con-
gress was able to increase the S25,-
100000 drought program of the
President to S45,000,O0O
The SI50,o00000 farm board ap-
preparation almost was lost in the
last hours before the senate ad-
journed. Senator Borah. Republi-
can. Idaho. denounced the board
and its methods. He warned its
Eolicy Of buying wheat to peg prices
merely was postponing the day
Of Judgment"
Southern senators aSSailed Chair
man Legge for failing to do for cot
ton what he has done for wheat. In
the midst of this general attack,
Republican leaders pledged their
side to remain in session all night
il necessary and the hope Of fill
buster against the appropriation
ended.
Both senate and house adhered
fairly closely 10 schedule. The
house passed the three routine ap-
preparation bills named Ior dispos-
ition before the holiday. They still
await senate action.
Majority Leader Watson Of the
senate had expected to dispose on
" Of emergency appropriations and
presidential appointees be for
Christmas.
He was nable to jam the new
tariff commission through. But
the sharpest threat Of an extra ses-
sion after March was eliminated
when the world court project was
shalvcd until the new congress
meets in December 1881. The for
cign relations committee decided tc
mold the world court in its files
for a year.
Imperial Valley press., 1930-12-22
NEPHEW GIVES
TESTIMONY In
MURDER HEARING

LOS ANGELES. Dec. % UP)-
In prosecuting Lloyd w Dye and
Don Gauss, Long Beach youths TO-
day on a charge of numbering Wade
Albert Horton. aged rancher. the
state called Walter Hewitt. nephew
of the murdered ulan. 10 describe
the scene on the Mint Canyon
ranch after Horton had been slain
by holdup men.
Hewitt took the stand in superior
court where the youths are on trial
and told of being summoned 10 the
ranch on the night of May is and
finding his uncle dead just outside
the door of his cabin.
Hewitt drew a picture Of two
aged men. the murdered man ana
his 92-year-olo brother. George
Horton. who had lived rgether OH
the ranch for years.
Hewitt declared that Wade Hor-
ton. the victim. vas 90 years old a.
the time of his death and said he
was a peace loving hard working
rancher.
The first witness called by the
state was DR.. A. F. Wagner, county
autopsy surgeon. who declared that
Horton had been killed instantly b.
a bullet piercing his heart.
Imperial Valley press., 1930-12-22
New Low Mark
Made By Wheat

CHICAGO, Dec. %. U.R)-July
wheat closed at 649, on the Board
of Trade today, setting a new low
record for the season and equaled
only by the low of 1901. The old
crop. months failed to move from
their entrenched position owing TO
stabilization support. The chief fac
tor was the world weakness due TO
the bearish construction placed on
the Argentine crop report The
weakness in wheat and a 3,000,OOc
bushel increase in the visible supply
kept corn on the downward trend
and set further new levels for the
season. Oats we're off with the other
grains. March setting new low.
At the close old wheat was un-
changed. with July csc lower; corn
was o. to 2@i lower and oats were
>. to 1Isc lower Provisions were
steady to 35 lover, with December
off 70 points. December wheat old
closed at .763., corn old at SAL and
oats old at .3l7s.
Imperial Valley press., 1930-12-22
FIRE CAUSE OF
SEVERAL DEATHS
OVER WEEKEND

SAN FRANCISCO. Dec. %. U.P)
"A rare agency of death-iire-
contributed over last weekend TO
the largest share OF violent fatali-
ties in California.
Five persons were burned TO
death. fire outdistancing even au-
tos in the tragic toll.
In all Is persons. as lightly low
er than average toll, were killed.
The toll by citeis:
Salvatore, Duranti, 8. was killed
in an auto accident. near Petaluma.
In San Francisco. August Leg
rand, 81, was killed in an automo-
bile collision.
Oakland police sought the hit
run driver who struck and killed
Ben Chapman, so, drove the car
over the aged mans body and left
him to die by the curbstone.
In Los Angeles. Steve Match
was burned to death when his nome
burned.
John E. Bernhagen. was myster-
iously slain on an alleged liquor
party
Orbin Snowden, 80. was killed
when struck by train.
Marian Townsend, 10, was burned
to death.
Wilbert J. Lubering. II, OF Van
Nuys, was electrocuted in his bath.
tub.
F. Page Wright, 25, was killed in
a traffic accident.
George Hiles, so, Long Beach,
dropped dead on a golf links.
In Fresno, Mrs. Mildred Folaron
of South Gate, Calf, died OF in
iuries suffered in an auto accident
Friday.
In Pleasant Valley, Solano coun-
tv. Mrs. Grace Smith, 40, and Mar
ian, s, persihed in a ranch fire.
Roy Hutchinson. 46, Of King City
end Robert, 1S, son. were burned
to death in a like blaze.
Imperial Valley press., 1930-12-22
Man Jumps From Bed,
Feels Gas On Heart

Stomach gas pressed so hard on
my heart I had &c get up nights. !
began using Adlerika and have
been entirely relieved. "-R. F. Krue-
gel
Adlerika relieves GAS and sour
stomach in TEN minutes! Acts on
BOTH upper and lower bowel, re-
moving old poisons you never knew
were there. Don't take medicine
which cleans only PART OF bowels,
but let hdierika give stomach ana
bowels a REAL cleaning and see
now good you feeI!-Clements Drug
store ADV.
Imperial Valley press., 1930-12-22
HEAVY SELLING
CAUSES STOCKS
TO SLUMP AGAIN

NEW YORK. Dec. %. -(U.P'Scll-
ing in stocks today gathered mo-
mentum from a fractional dip az
the opening until prices had been
hammered Gown one % i3 points
near the close. There was no re-
covery in the late trading.
The losses almost wiped out a!
the gains of last week and many IS
sues were at or near their lows ior
several years.
Among the issues 70 make new
lows for the year or longer TO-DAY
we're International Telephone. J. c.
Penney. Kroger Grocery. yellow
Truck preferred and United FrI.t
United States Steel led TIE il
dustrialS down with a decline 9f
more than two points from the
previous close, New York Central
more than a point in the oils Cop
pers held steady.
Special issues had wide breaks
ranging up 70 l3 points IN Yellow
Truck preferred Eastman lost six
points. International Harvestes
three. Case more than seven, West
inghouse Electric more than three
Auburn Auto seven. Allied Chemical
nearly 10, Johns Manville more than
three.
All steel shares reacted with the
leading issues. Eanadium. A. NJ.
Byers. Bethlehem and Cruci5le were
down two or three points. Leading
industrials also had wide declines.
ranging TO more than two points.
Mail order shares. amusements and
motors joined the decline.
In the railroad group losses rang
ing to three points or more. aside
from New York Central. were made
by Pennsylvania. Missouri Pacific,
Atchison and Erie
The utility group was down
sharply with heaviest losses IA
North American. Consolidated Gas.
American Water Works American
Telephone and Electric Power and
Light.
Imperial Valley press., 1930-12-22
Dime Staying
Trial Started

LOS ANGELES. Dee. % UP
Emory Ellis. restaurant worker. VINO
is alleged to have paid BENJAMIN
Brown. 81, 1920 in dimes TO kill MS
young wife, went on trial today be-
fore Superior Judge b. re ySchauer
The state indicated through CUES
tions asked prospective jurors that
the death penalty would be de-
manded.
Shortly after the trial opened. the
state asked that several Of the first
jurors drawn be excused because
of their unwillingnes5 TO return a
hanging verdict.
At the time the murder was COM
mitted Ellis was reported 10 have
confessed but he repudiated the
confession later and indicated that
during the trial he would deny any
connection with the killing.
Imperial Valley press., 1930-12-22

Fn5b rs'g s
erfgfr4I rafaH9
Hsk EsflH
etfns4 EHb fbs
10 L@t re
,f,sb on RE esE.
cI95o
Imperial Valley press., 1930-12-22
Holiday Recess
Badly Needed
CONTINUED from page j.

planning raids on tae treasury y
the name Of relief and with playing
politics at the expense OF human
misery" That lashirg attack, de-
livered in the press. reused q FURY
of Democratic replies during which
Senate Republican leaders sat ST.
lent. refusing to defend the PreSI-
dent
To his protests, Ma ajority Leader
Watson replied with a friendly ul-
timatum that M Hoover either
must advise with Republicans be-
Imperial Valley press., 1930-12-22
FIRE IN POORHOUSE

HOPKINSVILLE. KY, Dec. y
Up}-Mrs. Annie Pressler, II, was
burned TO death today when fire
swept a cottage at the county poor
farm here. Jacob Hess, Ct, another
inmate, was badly burned when ne
rushed into the flaming building and
carried out Mrs. Pressler's body. A
third inmate, Mrs. j. A Tappan, ST
blind, was burned seriously before
she was rescued. The fire started
from an overheated stove.
Imperial Valley press., 1930-12-22
Lettuce Brings
Average Price

Approximately 20 cars of lettuce
are being shipped out daily from
the valley according to the federal
state market news service, where
valley headquarters are in BraW-
ley at the Planters hotel.
Saturdays market for lettuce, +.
O. b. cars, was 50 per crate for best
grade. while the four cars sold at
auction brought from $1.75-2.0S per
crate.
1t is anticipated by growers that
shipments will increase in volume
this week. and that after Christ
mas the season will be in full
swing.
Imperial Valley press., 1930-12-22
ATTORNEY DIES SUDDENLY

LONG BEACH, Calf, Dec. %
luP)-George H. Hiles, prominent
patent attorney, dropped dead here
yesterday while playing golf on the
Virginia Country Club course. Ply
sicians attributed his death TO
acute indigestion. He was SO years
of age.
Imperial Valley press., 1930-12-22
YNRIGLEY GETS HOTEL

PHOENIX, Ariz., Dec. %. (U.R)-
william Wrigley, multi-millionare
gum and baseball magnate, today
became virtual owner of the Arizona
Biltmore Hotel when he filed notice
of foreclosure of $1O00,000 mort
gage in federal court here. WriglcY
was one OF the principal hackers OF
the hotel project in Phoenix and IS
building a s250,0O0 private home on
knoll adjoining the Biltnore.
Imperial Valley press., 1930-12-22
ACTOR GETS DIVORCE

LOS ANGELES, Dec. %. U.P)-La
Runa Brooke was a poor housekeep-
er. very Quarrelsone and she ire
ouentlv humiliated him by getting
intoxicated, Tyler Brooke, screen
actor. testified today when he was
granted q divorce.
Imperial Valley press., 1930-12-22
Wbaf's fyWe in
making mullins
is fjHe i'm
roasting HILLS
BROSCOFFEE

H lirle at q fims' That's the right
way to combine flour and milk in
making mullins. Hills Bros. roast
coffee q fcie toaa4S at Il fims by
their continuous process-Con-
trolled Roasting. Every berry Is
roasted evenly and a flavor is Pro-
duoed such as no bulk-roaStei
coffee has.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-09
&c;

ga Y a r d S
long. Durable,
o p e n weave
m a T q Il iSette
with deep g.
i n C h fringe
a c r o S S the
bottom. Ivory
a n d e c r u
color.
Fourth
Floor.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-09
Lace Panels
995cEa.

"a Y a r d S
long. Made of
durable flet.
h Q m m g Il or
open m e S h
w j t h fringe
across bottom.
Egyptian color.
Fourth
Floor
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-09
CriSSCrOSS Curtains
$ SO 5.: Pr.

A ] n c h e S
wide. Finished
with cornice
valance across
I h c t o D.
II e m m e d,
ready to hang.
Neat dot pat
tern Full ruff
1es and tie
backs.
Fourth
Floor.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-09
Painted
Curtain Rod Sets

a Set
In C l u d e S
brackets, ends,
r / n g S, a n d
center orna-
m e n t, deco
rated in poly
chrome colorS.
E X tra 3-foot
lengthe n e r s.
35c.
Fourth
Floor.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-02

and commitments by investment buy
ers. Most of the principal commodities
also rebounded from their low points
OF the preceding day; wheat, corn and
rye each gained more than 2 cents,
cotton advanced 10 to % points, while
sugar and cocoa were also higher.
Crude rubber, however, was an excep-
ton, prices of all futures recording new
lows.
The days corporate news is largely Of
an adverse character but includes sew
eral favorable items among which are
higher earnings for Fox Film and War
rem Bros. and an increased cash divi-
dend disbursement and 100 per cent
stock dividend by Jantzen Knitting
mills. Unfavorable items include poor
September sales for Montgomery Ward
and dividend omissions by Sally Frocks
and United States Rubber Reclaiming
@. c. Julian Oil 81 Royalties, which
recently instituted action against Ok
lahoma Corporation Commission seek
ing to prevent enforcement of proration
by that body in Oklahoma City fields,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-02
TAX PLAN OPPOSED
BY COAL INTERESTS
Standardization Plan of Revenue
Bureau Is Not Legal,
Says Brief.
BY the Associated Press.

BY the Associated Press.
Proposal Of the Internal Revenue
Bureau to standardize depreciation
rates for the bituminous coal industry
has met with opposition by the National
Coal Association, the governing body Of
the industry.
In a brief filed with the bureau the
position is taken that such Standard
zation Is not intended by the internal
revenue laws, that such rates are i'm
practicable in the coal industry because
Of the carrying conditions in the fields
and the mines in each, and that down.
ward revision of the rates, as contem-
plated as result from the standardi-
zation proposition. would impose an in
creased tax on the coal interests in the
face of the policy of the Government
to reduce taxes on industry generally.
Reference is made to the law, which
prescribes "a reasonable allowance for
depreciation of improvements, accord
ing to the peculiar conditions in each
case"
The National Coal Association saws
that bituminous operators have regard
ed equitable the results of applying de-
probation on that basis and that to APP
ply standard rates would be to "vitally
affect the earning power of the indus
try, which is already struggling under
very serious handicaps."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-02
Preferred Stocks
BY GEORGE T. HUGHES.
AMERICAN TOBACCO.

stSdie: i, n II. P.efss!TsSs, stocks s. .s.
He analyses the technical provisions Of
the stocks discussed and gives facts
curities. The chief purpose is to explain
the analytical process, certain secuTltles
Of hieh grade being used for the Illus
Another corporation which has paid
dividends on its preferred stock with
unfailing regularity since organization
Is the American Tobacco Co. This 6
per cent cumulative 500 par issue out
standing to the amount of 526,997
shares has paid its regular rate since
1904, and the stock sells on basis to
yield approximately ATS per cent. This
is in recognition not only of the con-
tinuity of dividends, but of the sus-
tanned earning power, the place the
preferred stock holds in the capital
structure and outlook for the future.
In the last 10 years net available
for the preferred has ranged from $28.75
a share to $57.27 share, the smaller
amount in 1920 and the larger in 1929.
There is only a relatively negligible
amount Of funded debt ahead OF the
preferred, consisting of two small issues
totaling $1,087,35 Interest charges
and preferred dividends taken together
were earned last year "a times, which
is an unusually high margin of safety.
Another point in favor of the invest
ment and one that is responsible to
a degree for the high market price is
the fact that the stock cannot be re-
deemed. There is therefore no bar to
an advance in the quotation to a level
commensurate with the investment
rating.
The holders of American Tobacco
preferred stock are entitled to two votes
for each share held, against one vote
for each share of common stock. This
Is because in 1924 the par value OF
the common was changed from 500 to
$50 and two shares of new stock issued
for one share of old. To preserve the
relative voting power the preferred was
given two votes at that time.
American Tobacco maintains an ex-
traordinarily strong financial position.
AS of December 81, last. all current
liabilities were only $3,458,818, and
against this there was cash of $40
490,152 and call loans of $9,879, 1882.
Working capital at the date of the
last statement was almost three times
the par value of the preferred stock
outstanding. Finally, the tobacco in
dustry has proved itself depression
proof and American Tobacco Is one of
the leaders in the trade.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-02
Washington Produce

Butter = one-pound prints, 44a45;
tub. 43a44.
Eggs-Hennery. s5ass; current re-
ceiptS, 26a27.
Poultry, alive-Spring chickens, large,
27a28; small, 25a26; Leghorns, 24a25 |;
fowls, large, 22a23; small, 18a20; Leg
horn fowls, 13a14; rooster. 14a15:
ducks, Is; keats, large, 5Oa60; small,
25a30. Home dressed-Spring chickens.
large, 33a35; medium, 22a25; small,
20a22; Leghorns, 20; fowls, large, 27a2s:
small and medium, 23a25; Ieghorn
fowls, 18a19; ROSTERS, 18a19; ducks, asa
"a; turkeys, 33a35.
Meats, fresh killed-Beef, 1920; veal.
18a22; lamb, 20; pork loins, ct; fresh
hams, IS; fresh shoulders, %; smoked
70; lard, in bulk, Is; 1-pound pack
ages, 16.
Live stock-Calves, 111s; lambs, 71b.
FruitS-Cantaloupe flats, 1.5Oa1 rs:
honeydews, 1.50a2.00; Persian melons,
2.0Oa250; oranges, 8.00a9.5 so; lemons,
6.0Oa6.50; grapefruit, 3.00a4.O0; dam
sons, 2-peck baskets, LOCAL rs: prunes.
2-peck baskets, 2.00a2.50; grapes, Con-
cords, 60; Thompson seedless, LOCAL rs:
Ribiers, Its; Zinfandel, 1.5na2. 90:
Tokays, 1.25a1.50; peaches, 2.50a3.0O.
Vegetables-Potatoes 150-pound sacks,
500; sweet potatoes, per barrel, 500;
tomatoes, 2-peck baskets, 75aI. 90;
string beans, LOCALS; caulifiower,
1'15a2.OO; beets, per 100 punches, 3O0a
200; carrots, per 100 punches, 300a
500; kale, $50; spinach, 75a1 90: okra.
2-peck baskets, 1.25a2.00 eggplant, 75a
LOO; squash, 2-peck baskets, $50; pep
pers. per bushel, 75a1.00; peas, 5.75s
AIS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-02
CURB ISSUES DROP
! AFTER EARLY GAIN
Announcement of Suspen'
sions Is Followed by Re-
neWaI of Selling.
BY JOHN A. CRoNE.

Special Dispatch to The Star.
l. NEW YORK, october "A strong
and active opening on the Curb Elk
change was erased quickly today
following the announcement of two
suspensions, one of which was for in
solvency.
Public utilities we're the first to de-
cline after heading the early upswing.
Petroleum shares and investment trusts
continued irregular, but natural gas
shares were able to show fair resistance.
Electric Bond & Share was off frac-
ttionally from its early gain, but Cities
Service was up e..
The first suspension announced was
that of Samuel S. Campbell 81 Co.,
largely floor traders, for a technical
violation of rules and 1t was for a
period of only 80 days. About 1870,
however, came the announcement of
the suspension of Piperno & Co., mod
erate-sized house with an Italian Glen
tele, because of its failure to meet
obligations.
Immediately thereafter the curb
tape was filled with a series of sales
made under the rules" Metal &
Mining Shares Inc, fell about points
before rallying while Creole Petroleum,
Deere & Co., United Verde Extension,
Novadel-Agene, Central States Electric
and other stocks in which Piperno had
a market position at the time turned
active and soft, some of them breaking
to record low levels.
Despite the increase in trading short
ly before midday, as a result of these
deals, total transactions in the lore
noon amounted to only 500 shares
against $50, 400 in the first two hours
Wednesday and 300 on Tuesday,
when the selling movement vas near its
crest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-02
GRAIN MARKET

CHICAGO, October Especially The
wheat market was higher today under
general buying influenced by the
strength in Liverpool. Liverpool was 4
to 45s higher at 3:15 pm, on buying
caused by the strength in North Amer
lea Wednesday and drought reports in
Australia.
December opened 80 to 81h, March
851z to 855s; May, 81 to SO. After the
first half hour, December, 1874, March
85as; May, SO.
Strength in wheat caused short COW
ering and buying of corn and prices
were sharply higher. December opened
1872 to "a; March, $50; May, 86h
After the first half hour December 83X,
March, 845s; May, 86A.
Oats were higher with other grains
December opened 395s to 3s1a; March,
Al Y; May, 427s to 1924. After the FIRST
half hour, December, 391s; March, ALA
May, AN.
Provisions were strong.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-02
NEW YORK COTTON

NEW YORK, October 2 Especially =
Cotton prices were to points higher
at the opening of the market today.
The active covering of Wednesday was
presumed to have largely corrected the
markets technical position and con-
tracts were freely offered in all posi-
lions at the opening, but trade and
some professional buying proved large
enough, combined with some belated
short purchases, to force an initial ad-
vance.
The opening prices were: October,
old, 1910, up 4; December, old, 1859,
up 4; December, new, 1866, up 4; jan
uary new, 10.75, UP 3; March. 1921, up
2; May, I'LL, up 4, and July, 11.26.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-02
BANKS INCREASING
SECURITIES LOANS
Total Has Gained Since Last
Fall, While Brokers'
Figures Drop.
BY PRESTON s. KRECKER.

Special Dispatch to The Star.
NEW YORK, October 1.-THE recent
decline in the stock market has revived
discussion of the position of bank loans
on securities. 1t is well known that
those loans are high. The Federal Re-
serve Board has issued a report show
ing that as of September "a they
reached an aggregate Of $8,461 ,000, 900.
They had increased $741 ,000,0 900 COM
pared with a year ago and apparently
are in an upward trend, as the statistics
show that they rose $57,000,000 In the
week ended that date.
The figures show that those loans have
not declined in the ratio Of brokers
loans, which year ago were more than
twice IS large as they are at present. In
other words, bank loans on securities
have gained, while brokers' loans have
dropped. 1t is prevalent theory that a
large portion of the loans formerly re-
ported as brokers' loans now are adj
vanced directly by banks. Thus there
has been partial shifting of stock mar
ket credit instead of such an extinguish-
ment OF 1t as might be imagined from
the statistics on brokers' loans.
Another item of bank credit which
has been rising steadily is investments
That increase during the last nine
months has amounted to approximately
$500 100000 and has been sufficient
nearly to Offset the decline in CONNER
cial loans. While criticized in some
quarters for buying bonds as freely as
they have, there is no question that
the banks have contributed materially
towards supplying the capital which
has been actively in demand to effect
new bond financing this year. The
total volume Of new issues, exclusive of
refunding loans, during the first eight
months Of this year, is estimated by
the Federal Reserve Bank of New York
to have been about 81, 450 900 900 larger
than in the corresponding period Of
last year.
Unsecured bank loans have decreased
about $300,000,000 since last Spring
and as yet have shown no upward
trend, such as usually appears about
this season of the year. The figures
go to show that Autumn business re-
covery has not gone very far as yet.
(Copyright. 1900